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   "value": "Anexo III - Marco regulatorio del sector energ\u00e9tico<span class=\"_ _65\"> </span>6.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Principales adquisiciones, desinve<span class=\"_ _2\"></span>rsiones y otros cambios en el per\u00edmetro de </span></span>consolidaci\u00f3n A\u00f1o 2025 Cambios en el per\u00edmetro de c<span class=\"_ _3\"></span>onsolidaci\u00f3n<span class=\"_ _65\"> </span>Durante el <span class=\"_ _2\"></span>ejercicio 2025 <span class=\"_ _2\"></span>se han constituido <span class=\"ls10\">8 <span class=\"_ _2\"></span><span class=\"ls0_1\">Sociedades, 100% <span class=\"_ _2\"></span>participadas por Biofertilizantes CH4, <span class=\"_ _2\"></span>S.L.U. </span></span>(anteriormente  Ence <span class=\"_ _16\"> </span>Biog\u00e1s,  S.L.U.),  con<span class=\"_ _3\"></span>  el  objeto <span class=\"_ _16\"> </span>de  desarrollar <span class=\"_ _16\"> </span>distintos  p<span class=\"_ _3\"></span>royectos  de  promoci\u00f3n  y<span class=\"_ _3\"></span> construcci\u00f3n <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>plantas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de  biometano<span class=\"_ _3\"></span>, <span class=\"_ _16\"> </span>as\u00ed <span class=\"_ _16\"> </span>mismo, <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>diciembre <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>2025 <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>constitu<span class=\"_ _3\"></span>y\u00f3 <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>sociedad Cellnovex, S.L.<span class=\"ls14\">, </span>100% particip<span class=\"_ _3\"></span>ada po<span class=\"_ _3\"></span>r Ence Energ\u00eda y Celulosa,<span class=\"_ _3\"></span> S.A., actualmente <span class=\"_ _3\"></span>sin activ<span class=\"_ _3\"></span>idad. Otros<span class=\"ff3\"> </span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Biofertilizantes <span class=\"_ _13\"> </span>CH4, <span class=\"_ _10\"> </span>S.L.U. <span class=\"_ _13\"> </span>ha <span class=\"_ _13\"> </span>vendido <span class=\"_ _10\"> </span>po<span class=\"_ _3\"></span>r <span class=\"_ _10\"> </span>su <span class=\"_ _13\"> </span>valor <span class=\"_ _10\"> </span>nominal <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>Ence <span class=\"_ _13\"> </span>Energ\u00eda <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>Celulosa <span class=\"_ _10\"> </span>S.A. <span class=\"_ _13\"> </span>la </span></span>totalidad <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>participaciones <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>Mold<span class=\"_ _3\"></span>ed <span class=\"_ _0\"></span>Fiber, <span class=\"_ _0\"></span>S.LU. <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span><span class=\"ff9\">anteriormente <span class=\"_ _0\"> </span>Biog<span class=\"_ _3\"></span>\u00e1s <span class=\"_ _0\"></span>Almacelles, </span>S.L.U.).<span class=\"ff3\"> </span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Con <span class=\"_ _15\"> </span>fech<span class=\"_ _3\"></span>a <span class=\"_ _15\"> </span>27 <span class=\"_ _17\"> </span>de <span class=\"_ _15\"> </span>no<span class=\"_ _3\"></span>viembre <span class=\"_ _15\"> </span>de <span class=\"_ _17\"> </span>2025 <span class=\"_ _17\"> </span>se <span class=\"_ _15\"> </span>acuerd<span class=\"_ _3\"></span>a <span class=\"_ _15\"> </span>la<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>fus<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _15\"> </span>po<span class=\"_ _3\"></span>r <span class=\"_ _15\"> </span>abso<span class=\"_ _3\"></span>rci\u00f3n <span class=\"_ _15\"> </span>de <span class=\"_ _17\"> </span>la <span class=\"_ _15\"> </span>sociedad<span class=\"_ _3\"></span> </span></span>Infraestructuras <span class=\"_ _f\"></span>Biometag\u00e1s <span class=\"_ _3\"></span>S.L.U. <span class=\"_ _f\"></span>(<span class=\"ff9\">socied<span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>bsorbida</span>) <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>Biometag\u00e1s <span class=\"_ _f\"></span>La <span class=\"_ _3\"></span>Gal<span class=\"_ _3\"></span>era, <span class=\"_ _3\"></span>S.L. <span class=\"_ _f\"></span>(<span class=\"ff9\">s<span class=\"_ _3\"></span>ociedad </span>absorbente<span class=\"ff3\">), <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>cual <span class=\"_ _0\"></span>manten\u00eda <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>titularidad <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>totalidad <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>participaciones <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>sociedad </span>absorbida. 46<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 A\u00f1o 2024 Cambios en el per\u00edmetro de c<span class=\"_ _3\"></span>onsolidaci\u00f3n<span class=\"_ _3\"></span> El <span class=\"_ _18\"> </span>18 <span class=\"_ _1a\"> </span>de <span class=\"_ _18\"> </span>dicie<span class=\"_ _2\"></span>mbre <span class=\"_ _18\"> </span>de <span class=\"_ _1a\"> </span>2024, <span class=\"_ _18\"> </span>Biofertilizantes <span class=\"_ _18\"> </span>y <span class=\"_ _1a\"> </span>Biometano <span class=\"_ _18\"> </span>Camarles, <span class=\"_ _1a\"> </span>S.L.U., <span class=\"_ _18\"> </span>100% <span class=\"_ _1a\"> </span>particip<span class=\"_ _3\"></span>ada <span class=\"_ _18\"> </span>por Biofertilizantes  CH4, <span class=\"_ _16\"> </span>S.L.U.  (an<span class=\"_ _3\"></span>teriormente  Ence  Biog\u00e1s,<span class=\"_ _3\"></span>  S.L.U.)<span class=\"_ _3\"></span><span class=\"ff6\">,  holding <span class=\"_ _16\"> </span>del  \u201cNegocio<span class=\"_ _3\"></span>  Biog\u00e1s\u201d  de  E<span class=\"_ _3\"></span>NCE<span class=\"_ _3\"></span></span> adquiri\u00f3 <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>98% <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>capital <span class=\"_ _13\"> </span>social <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>control <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>Biometag\u00e1s <span class=\"_ _13\"> </span>La <span class=\"_ _10\"> </span>Galera, <span class=\"_ _13\"> </span>S.L., <span class=\"_ _10\"> </span>sociedad <span class=\"_ _13\"> </span>tenedora <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>una instalaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>generaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>biometano <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>municipio <span class=\"_ _d\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>La <span class=\"_ _2\"></span>Galera <span class=\"_ _d\"></span>(Tarragon<span class=\"_ _3\"></span>a). <span class=\"_ _d\"></span>La <span class=\"_ _2\"></span>instalaci\u00f3n <span class=\"_ _2\"></span>est\u00e1 <span class=\"_ _d\"></span>dise\u00f1ad<span class=\"_ _3\"></span>a para produ<span class=\"_ _3\"></span>cir hasta un m\u00e1ximo de 50 GWh d<span class=\"_ _3\"></span>e biometa<span class=\"_ _3\"></span>no al a\u00f1o.<span class=\"_ _3\"></span> El precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>adquisici\u00f3n <span class=\"_ _3\"></span>fue <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>17,6 millon<span class=\"_ _3\"></span>es d<span class=\"_ _3\"></span>e euros<span class=\"_ _3\"></span>. Adicion<span class=\"_ _3\"></span>almente, el <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>define<span class=\"_ _3\"></span> un <span class=\"_ _3\"></span>mecanismo <span class=\"_ _3\"></span>de precio <span class=\"_ _10\"> </span>contingent<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>(earn<span class=\"_ _3\"></span>-out) <span class=\"_ _10\"> </span>por <span class=\"_ _13\"> </span>importe <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>has<span class=\"_ _3\"></span>ta <span class=\"_ _10\"> </span>4,1 <span class=\"_ _13\"> </span>millones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>euros<span class=\"_ _3\"></span>, <span class=\"_ _10\"> </span>condicion<span class=\"_ _3\"></span>ado<span class=\"_ _3\"></span><span class=\"ffb fs9\"> <span class=\"_ _13\"> </span></span>al <span class=\"_ _10\"> </span>importe <span class=\"_ _13\"> </span>del EBITDA <span class=\"_ _3\"></span>normalizad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>tras <span class=\"_ _f\"></span>el inicio <span class=\"_ _f\"></span>de la <span class=\"_ _f\"></span>actividad <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>enta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>fertilizantes, <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>bien, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>EBIT<span class=\"_ _3\"></span>DA <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>a\u00f1o <span class=\"_ _f\"></span>2028 si<span class=\"_ _3\"></span> en <span class=\"_ _13\"> </span>dicho <span class=\"_ _13\"> </span>ejercicio <span class=\"_ _10\"> </span>no<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>ha  iniciado <span class=\"_ _13\"> </span>esta <span class=\"_ _10\"> </span>activ<span class=\"_ _3\"></span>idad. <span class=\"_ _13\"> </span>Se <span class=\"_ _10\"> </span>estima  que <span class=\"_ _10\"> </span>esta<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>condici\u00f3n <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>resolver\u00e1 <span class=\"_ _10\"> </span>en  2028 exigiendo el pago \u00edntegro. <span class=\"_ _3\"></span> El <span class=\"_ _3\"></span>detalle <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _3\"></span>netos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>adquiridos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>zonable en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _f\"></span>de ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fondo de comercio generado en<span class=\"_ _3\"></span> la operaci\u00f3n, es el siguient<span class=\"_ _3\"></span>e:<span class=\"_ _3\"></span> <table class=\"s w2d1 h17c\" id=\"_f3923d55-843d-4fab-b0cb-84049cfd87d5\"><tr><td></td><td></td><td class=\"c x25a y102e w2d2 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor</div></td><td class=\"c x25b y102f w2d3 h174\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor en libros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x25c y1030 w5b h63\"><div class=\"t_1 m0_1 xa0 h58 y38 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x25d y1030 w5c h63\"><div class=\"t_1 m0_1 xe h58 y38 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nota </div></td><td class=\"c x25e y1031 w2d4 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">razonable<span class=\"_ _65\"> </span></div></td><td class=\"c x25f y1032 w2d5 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">negocio<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x260 y1033 w2d6 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">adquirido(*)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x25c y1034 w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio </div></td><td class=\"c x25d y1034 w5c h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15<span class=\"ls0_1\"> </span></div></td><td class=\"c x261 y1034 w44 h24\"><div class=\"t_1 m0_1 x18 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.813    </span></div></td><td class=\"c x262 y1034 w5d h24\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x25c y1035 w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inmovilizado intangible </div></td><td class=\"c x25d y1035 w5c h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15<span class=\"ls0_1\"> </span></div></td><td class=\"c x261 y1035 w44 h24\"><div class=\"t_1 m0_1 x13 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.966    </span></div></td><td class=\"c x262 y1035 w5d h24\"><div class=\"t_1 m0_1 xe h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>    <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x25c y1036 w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Propiedad, planta y equipo </div></td><td class=\"c x25d y1036 w5c h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x261 y1036 w44 h24\"><div class=\"t_1 m0_1 x18 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.832    </span></div></td><td class=\"c x262 y1036 w5d h24\"><div class=\"t_1 m0_1 x44 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.832    </span></div></td></tr><tr><td class=\"c x25c y1037 w5b h5c\"><div class=\"t_1 m0_1 x10 h20 ybb ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inversiones financieras a largo plazo </div></td><td></td><td class=\"c x261 y1037 w44 h5c\"><div class=\"t_1 m0_1 x1a h20 y57e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x262 y1037 w5d h5c\"><div class=\"t_1 m0_1 x99 h20 y57e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x25c y1038 w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos por impuestos diferidos </div></td><td class=\"c x25d y1038 w5c h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">32<span class=\"ls0_1\"> </span></div></td><td class=\"c x261 y1038 w44 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">986   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x262 y1038 w5d h24\"><div class=\"t_1 m0_1 x1a h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">986   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x25c y1039 w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo y otros activos l\u00edquidos equivalentes </div></td><td></td><td class=\"c x261 y1039 w44 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">198   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x262 y1039 w5d h24\"><div class=\"t_1 m0_1 x1a h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">198   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x25c y103a w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos corrientes </div></td><td></td><td class=\"c x261 y103a w44 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">415   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x262 y103a w5d h24\"><div class=\"t_1 m0_1 x1a h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">415   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x25c y103b w5b h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Activos </div></td><td></td><td class=\"c x261 y103b w44 h24\"><div class=\"t_1 m0_1 x13 h58 y583 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">31.216   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x262 y103b w5d h24\"><div class=\"t_1 m0_1 x44 h58 y583 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">7.437   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x25c y103c w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por impuestos diferidos </div></td><td class=\"c x25d y103c w5c h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">32<span class=\"ls0_1\"> </span></div></td><td class=\"c x261 y103c w44 h24\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.742    </span></div></td><td class=\"c x262 y103c w5d h24\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x25c y103d w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pago aplazado compra </div></td><td></td><td class=\"c x261 y103d w44 h24\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.642    </span></div></td><td class=\"c x262 y103d w5d h24\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x25c y103e w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas con empresas del grupo a largo plazo </div></td><td></td><td class=\"c x261 y103e w44 h24\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.859    </span></div></td><td class=\"c x262 y103e w5d h24\"><div class=\"t_1 m0_1 x44 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.859    </span></div></td></tr><tr><td class=\"c x25c y103f w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera </div></td><td></td><td class=\"c x261 y103f w44 h24\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.716    </span></div></td><td class=\"c x262 y103f w5d h24\"><div class=\"t_1 m0_1 x44 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.716    </span></div></td></tr><tr><td class=\"c x25c y1040 w5b h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos corrientes </div></td><td></td><td class=\"c x261 y1040 w44 h24\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.282    </span></div></td><td class=\"c x262 y1040 w5d h24\"><div class=\"t_1 m0_1 x44 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.282    </span></div></td></tr><tr><td class=\"c x25c y1041 w5b h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Pasivos </div></td><td></td><td class=\"c x261 y1041 w44 h24\"><div class=\"t_1 m0_1 x13 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">13.241   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x262 y1041 w5d h24\"><div class=\"t_1 m0_1 x44 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">4.857   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x25c y1042 w5b h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ACTIVOS NETOS ADQUIRIDOS </div></td><td></td><td class=\"c x261 y1042 w44 h24\"><div class=\"t_1 m0_1 x13 h58 y77 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">17.975   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x262 y1042 w5d h24\"><div class=\"t_1 m0_1 x44 h58 y77 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">2.580   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x263 y1043 w3_1 h3d\"><div class=\"t_1 m0_1 xa3 h7_1 y58b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">(*) Datos correspond<span class=\"_ _3\"></span>ientes al 100% de los activo<span class=\"_ _3\"></span>s netos de la p<span class=\"_ _3\"></span>articipada <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x8 h7_1 y58c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo ENCE ha integrad<span class=\"_ _3\"></span>o los activos adquiridos y los pasivos a<span class=\"_ _3\"></span>sumidos por sus valores razonables estimad<span class=\"_ _3\"></span>os </div><div class=\"t_1 m0_1 x8 h7_1 y58d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adq<span class=\"_ _3\"></span>uisici\u00f3n <span class=\"_ _0\"></span>(utilizando <span class=\"_ _f\"></span>t\u00e9cnicas <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>valoraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Nivel <span class=\"_ _f\"></span>3 <span class=\"_ _f\"></span>seg\u00fan <span class=\"_ _0\"></span>NIIF <span class=\"_ _f\"></span>13)<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _0\"></span></span>El <span class=\"_ _f\"></span>activo <span class=\"_ _f\"></span>intangible </div><div class=\"t_1 m0_1 x8 h7_1 y58e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">identificado<span class=\"ff6\">, <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>importe <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>19 <span class=\"_ _f\"></span>millones <span class=\"_ _f\"></span>\u20ac,<span class=\"_ _3\"></span></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>correspon<span class=\"_ _3\"></span>den <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>licencias <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>ermisos <span class=\"_ _f\"></span>necesarios<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>la </div><div class=\"t_1 m0_1 x8 h7_1 y58f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">operaci\u00f3n de <span class=\"_ _d\"></span>la planta <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>biometano. <span class=\"_ _2\"></span>Dicho <span class=\"_ _2\"></span>activo, cumple <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>criterios e<span class=\"_ _2\"></span>stablecidos en <span class=\"_ _d\"></span>la normativa <span class=\"_ _2\"></span>contable </div><div class=\"t_1 m0_1 x8 h7_1 y590 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">para  su <span class=\"_ _10\"> </span>recono<span class=\"_ _3\"></span>cimiento, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>ha <span class=\"_ _13\"> </span>valorado  mediante <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>descuento <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>flujos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>caja <span class=\"_ _13\"> </span>previstos <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>esta </div><div class=\"t_1 m0_1 x8 h7_1 y50a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">instalaci\u00f3n, <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>aplicad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>sa <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>descuento <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>rango <span class=\"_ _3\"></span>7,4<span class=\"_ _3\"></span>%<span class=\"_ _3\"></span>-7,8%.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>icha <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>aloraci\u00f3n </div><div class=\"t_1 m0_1 x8 h7_1 y591 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">se <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tado <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>asesoramiento <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>expertos <span class=\"_ _f\"></span>independientes.<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Asimismo, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>reconocido <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>impuesto </div><div class=\"t_1 m0_1 x8 h7_1 y592 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">diferido <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>pasivo <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>importe <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>4,7 <span class=\"_ _2\"></span>millones <span class=\"_ _d\"></span>\u20ac <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _d\"></span>reflejar<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>diferencia <span class=\"_ _d\"></span>entr<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>los <span class=\"_ _d\"></span>valo<span class=\"_ _3\"></span>res <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tables <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>fiscales </div><div class=\"t_1 m0_1 x8 h7_1 y593 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de dicho activo.  </div><div class=\"t_1 m0_1 x8 h7_1 y594 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El fondo<span class=\"_ _3\"></span> de com<span class=\"_ _3\"></span>ercio res<span class=\"_ _3\"></span>ultante, p<span class=\"_ _3\"></span>or importe <span class=\"_ _3\"></span>de 4,8 <span class=\"_ _3\"></span>millone<span class=\"_ _3\"></span>s \u20ac <span class=\"_ _3\"></span>no es <span class=\"_ _3\"></span>fiscalmente <span class=\"_ _3\"></span>deducible. <span class=\"_ _3\"></span>Por su<span class=\"_ _3\"></span> parte, <span class=\"_ _3\"></span>el </div><div class=\"t_1 m0_1 x8 h7_1 y595 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">importe de la \u201cParticipaci\u00f3n<span class=\"_ _3\"></span> no dominante\u201d recon<span class=\"_ _3\"></span>ocido en la fecha de adq<span class=\"_ _3\"></span>uisici\u00f3n ha s<span class=\"_ _3\"></span>ido de 336 miles \u20ac.<span class=\"_ _f\"></span><span class=\"ff3\"> </span></div></td><td></td><td></td><td></td></tr></table>47<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 El <span class=\"_ _10\"> </span>ingreso <span class=\"_ _13\"> </span>ordinario <span class=\"_ _10\"></span>y <span class=\"_ _10\"> </span>resultado <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>adquirida <span class=\"_ _13\"> </span>desde <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>adquisici\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>incluidos <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"> </span>de Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>nu<span class=\"_ _3\"></span>lo. <span class=\"_ _f\"></span>En <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>sup<span class=\"_ _3\"></span>uesto <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _f\"></span>hub<span class=\"_ _3\"></span>iera <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ido <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>1/1/<span class=\"_ _3\"></span>2024 <span class=\"_ _f\"></span>el<span class=\"_ _3\"></span> ingreso <span class=\"_ _f\"></span>ordinario <span class=\"_ _3\"></span>desd<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3<span class=\"_ _3\"></span><span class=\"ff6\">n <span class=\"_ _f\"></span>hubiera <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>aproximadamente <span class=\"_ _f\"></span>2 <span class=\"_ _3\"></span>millon<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>resu<span class=\"_ _3\"></span>ltado </span>de la adquirida <span class=\"_ _3\"></span>una p\u00e9rdida de 0,6 millones \u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>La <span class=\"_ _3\"></span>contab<span class=\"_ _3\"></span>ilizaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>combinaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>negocios, <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>sufrido <span class=\"_ _3\"></span>modificaci\u00f3n <span class=\"_ _3\"></span>algun<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>realizado ning\u00fan ajuste ad<span class=\"_ _3\"></span>icional significativo du<span class=\"_ _3\"></span>rante 2025<span class=\"ls13\">. </span> Los <span class=\"_ _f\"></span>costes <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>ociados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>transacci\u00f3n <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>an <span class=\"_ _f\"></span>sido <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>0,1 <span class=\"_ _3\"></span>millones <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>euros<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>encuentran <span class=\"_ _f\"></span>recogidos <span class=\"_ _3\"></span>en <span class=\"_ _10\"></span>el Estado de Resu<span class=\"_ _3\"></span>ltado Consolidad<span class=\"_ _3\"></span>o del ejercicio 2024 adju<span class=\"_ _3\"></span>nt<span class=\"ls26\">o.</span> De <span class=\"_ _f\"></span>forma <span class=\"_ _0\"></span>complementaria <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>adq<span class=\"_ _3\"></span>uisici\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>articipada, <span class=\"_ _0\"></span>ENCE <span class=\"_ _10\"></span>firm\u00f3 <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>acuerd<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>relevante comercializadora de gas<span class=\"_ _3\"></span>, para la venta del b<span class=\"_ _3\"></span>iometano producido por la <span class=\"_ _3\"></span>planta en los pr\u00f3ximos 15 a\u00f1<span class=\"_ _3\"></span>os.<span class=\"_ _3\"></span> Asimismo, <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>urante <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>constitu<span class=\"_ _3\"></span>yeron <span class=\"_ _f\"></span>10 <span class=\"_ _3\"></span>Sociedades, <span class=\"_ _f\"></span>100% <span class=\"_ _3\"></span>participadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>Biofertilizantes CH4, S.L.U. <span class=\"_ _2\"></span>(anteriormente Ence Biog\u00e1s, S.L.U.), con <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>objeto de lle<span class=\"_ _2\"></span>var a <span class=\"_ _2\"></span>cabo la <span class=\"_ _2\"></span>promoci\u00f3n y construcci\u00f3n de plantas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biometano <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>adquirido <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>100% <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>capital <span class=\"_ _f\"></span>social <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Biofertilizantes <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Biometano <span class=\"_ _f\"></span>Sertogal Xunqueira, S.L.U. po<span class=\"_ _3\"></span>r 10 miles \u20ac.<span class=\"ff3\"> </span>Otros Ence Energ\u00eda <span class=\"_ _2\"></span>y Celulosa, <span class=\"_ _2\"></span>S.A. ha vendido <span class=\"_ _2\"></span>por su <span class=\"_ _2\"></span>valor nominal <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>su filial <span class=\"_ _2\"></span>Ence Biog\u00e1s, <span class=\"_ _2\"></span>S.L.U. la <span class=\"_ _2\"></span>totalidad de sus<span class=\"_ _2\"></span> participaciones <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>3 <span class=\"_ _13\"> </span>Sociedades <span class=\"_ _13\"> </span>vehiculares <span class=\"_ _10\"> </span>que <span class=\"_ _13\"> </span>han <span class=\"_ _13\"> </span>ca<span class=\"_ _2\"></span>mbiado <span class=\"_ _13\"> </span>su <span class=\"_ _10\"> </span>denominaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ocial <span class=\"_ _10\"> </span>por <span class=\"_ _13\"> </span>Biog\u00e1s <span class=\"_ _10\"> </span>San<span class=\"_ _3\"></span> Esteban, <span class=\"_ _15\"> </span>S.L.U., <span class=\"_ _15\"> </span>Biog\u00e1s <span class=\"_ _15\"> </span>Almacelles, <span class=\"_ _19\"> </span>S.L.U. <span class=\"_ _15\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>Biofertilizan<span class=\"_ _3\"></span>tes <span class=\"_ _19\"> </span>y <span class=\"_ _15\"> </span>Biometano <span class=\"_ _15\"> </span>Laguna <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>Negrillos, <span class=\"_ _15\"> </span>S.L.U., respectivamente.<span class=\"ff4 fs4\"> </span>7.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Cambio clim\u00e1tico y Acuerdo de Par\u00eds     </span></span>Como <span class=\"_ _f\"></span>Grupo <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>bas<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>modelo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>negoc<span class=\"_ _3\"></span>io <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>cap<span class=\"_ _3\"></span>ital <span class=\"_ _f\"></span>natural, <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>consciente <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>exposici\u00f3n <span class=\"_ _f\"></span>a riesgos<span class=\"ff3\"> <span class=\"_ _17\"> </span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _1a\"> </span>del <span class=\"_ _17\"> </span>camb<span class=\"_ _3\"></span>io <span class=\"_ _17\"> </span>clim\u00e1tico. <span class=\"_ _1a\"> </span>Al <span class=\"_ _1a\"> </span>mismo <span class=\"_ _1a\"> </span>tiempo, <span class=\"_ _1a\"> </span>ENCE <span class=\"_ _1a\"> </span>tambi\u00e9n <span class=\"_ _1a\"> </span>est\u00e1 <span class=\"_ _17\"> </span>con<span class=\"_ _3\"></span>vencida <span class=\"_ _1a\"> </span>de <span class=\"_ _17\"> </span>las </span>oportunidades<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>trae <span class=\"_ _f\"></span>consigo el <span class=\"_ _f\"></span>reto d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>descarbon<span class=\"_ _3\"></span>izaci\u00f3n <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>la trans<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _f\"></span>hacia <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>econom\u00eda <span class=\"_ _3\"></span>baj<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>en </span>carbono y la<span class=\"_ _3\"></span>s incorpora en su estrategia d<span class=\"_ _3\"></span>e crecimiento. <span class=\"_ _3\"></span> Por <span class=\"_ _d\"></span>ello, ENCE <span class=\"_ _d\"></span>realiza <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>manera <span class=\"_ _d\"></span>an<span class=\"_ _3\"></span>ual <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>an\u00e1lisis <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>riesgos <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span>portunidades <span class=\"_ _2\"></span>derivados <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>cambio <span class=\"_ _2\"></span>clim\u00e1tico que pueden afectar tanto<span class=\"_ _3\"></span> a la compa\u00f1\u00eda como <span class=\"_ _3\"></span>a su cadena de valor. <span class=\"_ _f\"></span> Gobernanza del an\u00e1lis<span class=\"_ _3\"></span>is de riesgos<span class=\"_ _3\"></span> y oportun<span class=\"_ _3\"></span>idades clim\u00e1tic<span class=\"ls27\">as<span class=\"_ _3\"></span></span> El <span class=\"ff2\">\u00f3r<span class=\"_ _3\"></span>gano de <span class=\"_ _3\"></span>gobierno<span class=\"_ _3\"></span></span> encargado <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>supervisi\u00f3n<span class=\"_ _3\"></span> de la <span class=\"_ _3\"></span>gesti\u00f3n <span class=\"_ _3\"></span>de riesgos <span class=\"_ _3\"></span>derivados<span class=\"_ _3\"></span> del cambio <span class=\"_ _3\"></span>clim\u00e1tico es el <span class=\"_ _d\"></span>Con<span class=\"_ _3\"></span>sejo de <span class=\"_ _2\"></span>Administraci\u00f3n de <span class=\"_ _2\"></span>ENCE quien, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>trav\u00e9s de <span class=\"_ _d\"></span>su Comisi\u00f3n de <span class=\"_ _2\"></span>Auditor\u00eda, sup<span class=\"_ _2\"></span>ervisa los <span class=\"_ _2\"></span>sistemas de identificaci\u00f3n <span class=\"_ _2\"></span>y ge<span class=\"_ _2\"></span>sti\u00f3n de <span class=\"_ _2\"></span>estos riesgos <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>sus e<span class=\"_ _2\"></span>strategias de mitigaci\u00f3n, <span class=\"_ _2\"></span>de forma <span class=\"_ _2\"></span>integrada en <span class=\"_ _2\"></span>el Sistem<span class=\"_ _2\"></span>a de <span class=\"_ _0\"></span>Gesti\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Riesgos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compa\u00f1<span class=\"_ _3\"></span>\u00eda. <span class=\"_ _0\"></span>Esto<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>\u00f3rganos <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>encargan <span class=\"_ _0\"></span>asimismo <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span>pervisar <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>an\u00e1lis<span class=\"_ _3\"></span>is <span class=\"_ _0\"></span>de escenarios <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>horizo<span class=\"_ _3\"></span>ntes <span class=\"_ _d\"></span>temporales <span class=\"_ _2\"></span>utilizados <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>evalu<span class=\"_ _3\"></span>aci\u00f3n, <span class=\"_ _d\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _d\"></span>como <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>infor<span class=\"_ _3\"></span>maci\u00f3n <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>ENCE <span class=\"_ _2\"></span>reporta al <span class=\"_ _0\"></span>mercado <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>esta <span class=\"_ _10\"></span>materia. <span class=\"_ _10\"></span>La <span class=\"_ _0\"></span>Comisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Sostenibilidad <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>encarga <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>establecer <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>as <span class=\"_ _0\"></span>metodolog\u00edas<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>y acordar las p<span class=\"_ _3\"></span>autas para el an\u00e1lisis. <span class=\"_ _3\"></span> A <span class=\"ff2 ls0_1\">nivel ejecutivo<span class=\"ff3\">, las \u00e1reas de negocio, coordinadas<span class=\"_ _3\"></span> por la Direcci\u00f3n General de Sostenibilidad<span class=\"_ _3\"></span> Corporativ<span class=\"_ _3\"></span>a<span class=\"ls19\">, </span></span></span>trabajan <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>identificaci\u00f3n <span class=\"_ _16\"> </span>de  riesgos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>y  op<span class=\"_ _3\"></span>ortunidades <span class=\"_ _16\"> </span>espec\u00edficos  y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>en  la <span class=\"_ _16\"> </span>definici\u00f3n <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>planes <span class=\"_ _16\"> </span>de mitigaci\u00f3n, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>evalu<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>impactos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>riesgos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>var<span class=\"_ _3\"></span>iables <span class=\"_ _3\"></span>operativas <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>base para el <span class=\"_ _3\"></span>c\u00e1lculo de<span class=\"_ _3\"></span>l impacto <span class=\"_ _3\"></span>fin<span class=\"_ _3\"></span>anciero de <span class=\"_ _3\"></span>esto<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>riesgos. E<span class=\"_ _3\"></span>n funci\u00f3n<span class=\"_ _3\"></span> del impact<span class=\"_ _3\"></span>o finan<span class=\"_ _3\"></span>ciero estimad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>tras<span class=\"_ _3\"></span> las medidas de mitigaci\u00f3n qu<span class=\"_ _3\"></span>e la compa\u00f1\u00eda ha d<span class=\"_ _3\"></span>efinido para cada riesgo<span class=\"_ _3\"></span> (riesgo neto), s<span class=\"_ _3\"></span>e determina el nivel d<span class=\"_ _3\"></span>e riesgo <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>l\u00ednea <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>niveles<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>estab<span class=\"_ _3\"></span>lecidos <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mapa <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>riesgos <span class=\"_ _f\"></span>corporativo. <span class=\"_ _0\"></span>Respecto <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>edidas <span class=\"_ _f\"></span>de mitigaci\u00f3n, <span class=\"_ _13\"> </span>para  la <span class=\"_ _13\"> </span>valoraci\u00f3n <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>riesgo <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>asumen  que <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>ejec<span class=\"_ _2\"></span>utan  todas <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>medidas <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mitigaci\u00f3n previstas <span class=\"_ _3\"></span>(tanto <span class=\"_ _3\"></span>aquellas q<span class=\"_ _3\"></span>ue ya cu<span class=\"_ _3\"></span>entan con <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>inversi\u00f3n <span class=\"_ _3\"></span>comprometida <span class=\"_ _3\"></span>como otra<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>medidas <span class=\"_ _3\"></span>previstas <span class=\"_ _3\"></span>a<span class=\"_ _65\"> </span>corto,  medio  y  largo  plazo). <span class=\"_ _13\"> </span>La  implementaci\u00f3n  de  estas  medidas  est\u00e1  sujeta <span class=\"_ _13\"> </span>a  la <span class=\"_ _13\"> </span>aprobaci\u00f3n  de  las correspondientes p<span class=\"_ _3\"></span>ropuestas de inversi\u00f3n<span class=\"_ _3\"></span> por parte del Cons<span class=\"_ _3\"></span>ejo de Administraci\u00f3n d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ENCE<span class=\"_ _3\"></span>.  Riesgos Clim\u00e1ticos ENCE <span class=\"_ _10\"></span>ha <span class=\"_ _0\"></span>identificado<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>total <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>17 <span class=\"_ _10\"></span>riesgos <span class=\"_ _0\"></span>cl<span class=\"_ _3\"></span>im\u00e1ticos <span class=\"_ _10\"></span>incluyendo <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>f\u00edsicos <span class=\"_ _0\"></span>(a<span class=\"_ _3\"></span>gudos<span class=\"_ _3\"></span>/cr\u00f3nico) <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>8 riesgos <span class=\"_ _f\"></span>transici\u00f3n <span class=\"_ _f\"></span>(regulaci\u00f3n <span class=\"_ _3\"></span>actual/ <span class=\"_ _f\"></span>mercado/ <span class=\"_ _3\"></span>nu<span class=\"_ _3\"></span>eva <span class=\"_ _3\"></span>regul<span class=\"_ _3\"></span>aci\u00f3n). <span class=\"_ _f\"></span><span class=\"ff2\">De <span class=\"_ _3\"></span>to<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>universo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>riesgos, <span class=\"_ _3\"></span>tras <span class=\"_ _f\"></span>la </span>implementaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>m<span class=\"_ _3\"></span>edidas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>mitigaci\u00f3n, <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>inguno <span class=\"_ _10\"></span>supera <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>umbral <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>criticidad<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _f\"></span>Pa<span class=\"_ _3\"></span>ra <span class=\"_ _f\"></span>analizar <span class=\"_ _0\"></span>el </span>impacto <span class=\"_ _15\"> </span>operativo <span class=\"_ _15\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>finan<span class=\"_ _3\"></span>ciero <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>cada <span class=\"_ _17\"> </span>riesgo, <span class=\"_ _15\"> </span>se <span class=\"_ _19\"> </span>h<span class=\"_ _3\"></span>an <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>efinido<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>diferentes <span class=\"_ _15\"> </span>escena<span class=\"_ _3\"></span>rios <span class=\"_ _15\"> </span>y <span class=\"_ _15\"> </span>horizo<span class=\"_ _3\"></span>ntes temporales. Para m\u00e1s d<span class=\"_ _3\"></span>etalle de cada riesgo, <span class=\"_ _3\"></span>los escenarios y horizontes temporales u<span class=\"_ _3\"></span>tilizados, cons<span class=\"_ _3\"></span>ultar la secci\u00f3n \u201c<span class=\"ff3\">Cambio Clim\u00e1tico<span class=\"_ _3\"></span></span>\u201d del <span class=\"ff3\">In<span class=\"_ _3\"></span>forme de Sostenibilidad<span class=\"_ _3\"></span>.  </span>A continuaci\u00f3n, s<span class=\"_ _3\"></span>e incluye un resumen de los<span class=\"_ _3\"></span> resultados. L<span class=\"_ _3\"></span>os riesgos<span class=\"_ _3\"></span> se agrupan<span class=\"_ _3\"></span> en tres categor\u00edas: 1.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Riesgos <span class=\"_ _f\"></span>cr\u00edticos<span class=\"_ _3\"></span><span class=\"ls29\">: <span class=\"_ _f\"></span></span><span class=\"ff6\">el <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>riesgo <span class=\"_ _f\"></span>neto <span class=\"_ _f\"></span>es <span class=\"_ _f\"></span>&gt;6M\u20ac. <span class=\"_ _10\"></span><span class=\"ff2\">De <span class=\"_ _f\"></span>todo <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>universo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>riesgos <span class=\"_ _f\"></span>an<span class=\"_ _3\"></span>alizados, <span class=\"_ _f\"></span>tras <span class=\"_ _f\"></span>la<span class=\"_ _3\"></span> </span></span></span></span>implementaci\u00f3n d<span class=\"_ _3\"></span>e las medidas de mitigaci\u00f3n, nin<span class=\"_ _3\"></span>guno de los riesgos est\u00e1 en r<span class=\"_ _3\"></span>iesgo cr\u00edtico<span class=\"_ _f\"></span><span class=\"ff3\">. </span>2.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Riesgos n<span class=\"_ _3\"></span>o cr\u00edticos<span class=\"ls29\">: </span>el valo<span class=\"_ _3\"></span>r del riesgo neto es <span class=\"_ _3\"></span>&lt;<span class=\"ff6\">6M\u20ac</span>. Esta categor\u00eda in<span class=\"_ _3\"></span>cluye dos tipos<span class=\"_ _3\"></span> de riesgos: </span></span>a.<span class=\"ff4 ls0_1\"> <span class=\"_ _b\"> </span><span class=\"ff3\">Riesgos <span class=\"_ _10\"> </span>cuyo <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span><span class=\"ff2\">r<span class=\"_ _3\"></span>iesgo <span class=\"_ _0\"></span>b<span class=\"_ _3\"></span>ruto <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>insignificante<span class=\"_ _3\"></span></span> <span class=\"_ _10\"></span>y, <span class=\"_ _0\"></span>por <span class=\"_ _10\"> </span>tanto, <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>se <span class=\"_ _10\"> </span>considera <span class=\"_ _10\"></span>necesario <span class=\"_ _10\"> </span>la </span></span>planificaci\u00f3n de medidas de mitigaci\u00f3n.<span class=\"ff4 fs4\"> </span>En esta categor\u00eda se incluyen los riesgos relacionad<span class=\"_ _3\"></span>os con: la disminuci\u00f3n de <span class=\"_ _d\"></span>la disponibilidad de <span class=\"_ _2\"></span>la madera <span class=\"_ _2\"></span>y variabilidad <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las plantaciones en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>patrimonio norte <span class=\"_ _3\"></span>(R1); <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>aumento <span class=\"_ _f\"></span>del p<span class=\"_ _3\"></span>recio <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>orujillo <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>consecuencia <span class=\"_ _3\"></span>indirecta <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>incremento <span class=\"_ _f\"></span>de los<span class=\"_ _3\"></span> precios de <span class=\"_ _2\"></span>los derechos de <span class=\"_ _2\"></span>emisi\u00f3n (R11.2); el incremento del <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>te de <span class=\"_ _2\"></span>materias primas vinculad<span class=\"_ _3\"></span>os al precio del CO<span class=\"_ _65\"> </span>2 (R12);  y los requisitos normativos de REDIII que supongan restricciones al uso de la biomasa en las<span class=\"_ _2\"></span> biof\u00e1bricas (R16.1). En todos los <span class=\"_ _2\"></span>casos, tras e<span class=\"_ _2\"></span>l an\u00e1lisis, el <span class=\"_ _2\"></span>valor bruto del rie<span class=\"_ _2\"></span>sgo es insignificante.<span class=\"_ _3\"></span> b.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Riesgos <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>yo <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span><span class=\"ff2\">riesgo <span class=\"_ _f\"></span>neto <span class=\"_ _f\"></span>es <span class=\"_ _f\"></span>inferior <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>umbral <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>criticidad<span class=\"_ _3\"></span></span> <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>vez <span class=\"_ _f\"></span>implementadas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>las<span class=\"_ _2\"></span> </span></span>medidas de mitigaci\u00f3n.<span class=\"_ _3\"></span> Los principales r<span class=\"_ _3\"></span>iesgos en esta categor\u00eda in<span class=\"_ _3\"></span>cluyen: -<span class=\"ff4\"> <span class=\"_ _20\"> </span></span>Impacto <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>patrimonio <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>reducci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>creci<span class=\"_ _3\"></span>miento <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span><span class=\"ff9\">E. <span class=\"_ _3\"></span>Globulus</span> <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span><span class=\"ls18\">(R2) </span>como consecuencia del cambio en los patrones de precipitaci\u00f3n y temperatura. Los programas I+D d<span class=\"_ _3\"></span>e n<span class=\"_ _3\"></span>uevos <span class=\"_ _3\"></span>materiales <span class=\"_ _3\"></span>gen\u00e9ticos <span class=\"_ _3\"></span>mejor <span class=\"_ _3\"></span>adaptado<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>cambio clim\u00e1tico <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>desarro<span class=\"_ _3\"></span>lla reducen el nivel de riesgo <span class=\"_ _3\"></span>por debajo del umbra<span class=\"_ _3\"></span>l de criticidad<span class=\"_ _3\"></span>. -<span class=\"ff4\"> <span class=\"_ _20\"> </span></span>Disminuci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>la <span class=\"_ _15\"> </span>disp<span class=\"_ _3\"></span>onibilidad <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>recurs<span class=\"_ _3\"></span>os <span class=\"_ _19\"> </span>h\u00eddricos<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>por <span class=\"_ _19\"> </span>au<span class=\"_ _3\"></span>mento <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>sequ\u00edas<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>(R8). <span class=\"_ _19\"> </span>La implementaci\u00f3n <span class=\"_ _21\"> </span>de <span class=\"_ _21\"> </span>medidas<span class=\"_ _3\"></span> <span class=\"_ _21\"> </span>de <span class=\"_ _21\"> </span>reducci\u00f3n <span class=\"_ _e\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _21\"> </span>consumo <span class=\"_ _21\"> </span>y <span class=\"_ _21\"> </span>recirculaci\u00f3n/reutili<span class=\"_ _3\"></span>zaci\u00f3n implementadas y previstas reducen el nivel de <span class=\"_ _2\"></span>riesgo por debajo del <span class=\"_ _2\"></span>umbral de criticidad. Cabe destacar <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2022 <span class=\"_ _3\"></span>este <span class=\"_ _f\"></span>riesgo <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>materializ\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>biof\u00e1brica <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Po<span class=\"_ _3\"></span>ntevedra <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>tuv<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>que parar su producci\u00f3n <span class=\"_ _2\"></span>durante la <span class=\"_ _2\"></span>\u00e9poca e<span class=\"_ _2\"></span>stival. Sin embargo, gracias <span class=\"_ _2\"></span>al desarrollo un <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>proyecto pionero <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>recircular <span class=\"_ _f\"></span>efluen<span class=\"_ _3\"></span>tes <span class=\"_ _f\"></span>propios <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>regenerar <span class=\"_ _3\"></span>agu<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>procedente <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>EDAR <span class=\"_ _f\"></span>municipal mediante <span class=\"_ _10\"> </span>tra<span class=\"_ _3\"></span>tamiento <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>\u00f3smosis <span class=\"_ _13\"> </span>inversa, <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>ha <span class=\"_ _13\"> </span>re<span class=\"_ _2\"></span>ducido <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>dependencia <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>r\u00edo <span class=\"_ _13\"> </span>L\u00e9re<span class=\"_ _2\"></span>z <span class=\"_ _13\"> </span>en periodos de s<span class=\"_ _3\"></span>equ\u00eda lo qu<span class=\"_ _3\"></span>e ha garantizado la con<span class=\"_ _3\"></span>tinuidad de la operaci\u00f3n.<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _20\"> </span></span>Aumento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>salinidad <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Navia <span class=\"_ _3\"></span>(R5) <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>secuencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>cau<span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>del r\u00edo <span class=\"_ _f\"></span>e incremento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>mar. <span class=\"_ _0\"></span>Las <span class=\"_ _0\"></span>medidas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>educci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>sumo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>agu<span class=\"_ _3\"></span>a, <span class=\"_ _0\"></span>aumento <span class=\"_ _0\"></span>de capacidad de a<span class=\"_ _3\"></span>lmacenamiento intern<span class=\"_ _3\"></span>o y mejoras en los s<span class=\"_ _3\"></span>istemas de <span class=\"_ _3\"></span>captaci\u00f3n <span class=\"_ _3\"></span>reducen el n<span class=\"_ _3\"></span>ivel de riesgo por debajo d<span class=\"_ _3\"></span>el umbral de criticidad.<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _20\"> </span></span>Riesgo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>tegridad <span class=\"_ _f\"></span>estructural <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>biof\u00e1bricas <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>inundaciones <span class=\"_ _f\"></span>(R7). <span class=\"_ _3\"></span>La<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>implementaci\u00f3n de medidas de protecci\u00f3n<span class=\"_ _3\"></span> f\u00edsica (muros d<span class=\"_ _3\"></span>e protecci\u00f3n o insta<span class=\"_ _3\"></span>laci\u00f3n de compuertas) <span class=\"_ _f\"></span>reducen el nivel de riesgo por debaj<span class=\"_ _3\"></span>o del umbral de criticidad<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>Aumento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>incendios<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>atrimonio <span class=\"_ _f\"></span>forestal <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _f\"></span>(R9). <span class=\"_ _f\"></span>La <span class=\"_ _f\"></span>adecuad<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>gesti\u00f3n <span class=\"_ _f\"></span>forestal, incluyendo <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>incremento<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de la <span class=\"_ _d\"></span>frecuencia <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>desbroce <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>refuerzo <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>medidas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>vigilancia contra incendios<span class=\"_ _3\"></span>, reducen el nivel d<span class=\"_ _3\"></span>e riesgo por debajo del u<span class=\"_ _3\"></span>mbral de criticidad<span class=\"_ _3\"></span>. -<span class=\"ff4\"> <span class=\"_ _20\"> </span></span>Incremento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>recios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>(R11.1) <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>ins<span class=\"_ _3\"></span>talaciones sujetas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>RCDE <span class=\"_ _10\"></span>(Navia, <span class=\"_ _f\"></span>Po<span class=\"_ _3\"></span>ntevedra <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Lucena)<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _0\"></span></span>En <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>identific\u00f3 <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>cr\u00edtico debido <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>previs<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>alz<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>derechos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>emisi\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>ip\u00f3tesis <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>reducci\u00f3n <span class=\"_ _3\"></span>de asignaci\u00f3n <span class=\"_ _f\"></span>gratu<span class=\"_ _3\"></span>ita. <span class=\"_ _f\"></span>Adem\u00e1s, <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>2024, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>volumen <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cr\u00e9ditos <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span><span class=\"ffc\">\u201cstock\u201d</span> <span class=\"_ _f\"></span>disponible <span class=\"_ _f\"></span>era <span class=\"_ _f\"></span>muy reducido <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>fue necesario <span class=\"_ _f\"></span>comprar <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>mayor <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cr\u00e9ditos; <span class=\"_ _3\"></span>situaci\u00f3n <span class=\"_ _3\"></span>diferente <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2025. Por <span class=\"_ _3\"></span>otro <span class=\"_ _f\"></span>lado, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>OE<span class=\"_ _3\"></span>CC <span class=\"_ _3\"></span>(Oficina <span class=\"_ _3\"></span>Es<span class=\"_ _3\"></span>pa\u00f1ola <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Cambio <span class=\"_ _3\"></span>Clim\u00e1tico) <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>realizado <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>aj<span class=\"_ _3\"></span>uste al alza sobre el volumen <span class=\"_ _2\"></span>de asignaci\u00f3n gratuita otorgada a Pontevedra respecto a la asignaci\u00f3n preliminar.  Esta<span class=\"_ _3\"></span>  nueva  s<span class=\"_ _3\"></span>ituaci\u00f3n,  junto  con<span class=\"_ _3\"></span>  las  actuaciones  del  Plan<span class=\"_ _3\"></span>  de  Descarbonizaci\u00f3n reducen el nivel de riesgo <span class=\"_ _3\"></span>por debajo del umbra<span class=\"_ _3\"></span>l de criticidad<span class=\"_ _3\"></span>. En esta categor\u00eda ta<span class=\"_ _3\"></span>mbi\u00e9n se i<span class=\"_ _3\"></span>ncluyen los riesgos<span class=\"_ _3\"></span> de compet<span class=\"_ _3\"></span>encia por el agua <span class=\"_ _3\"></span>en zonas de <span class=\"_ _3\"></span>escasez h\u00eddrica (R1<span class=\"_ _2\"></span>0); <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>potencial encarecimiento <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>costes de <span class=\"_ _d\"></span>fin<span class=\"_ _3\"></span>anciaci\u00f3n (R1<span class=\"_ _2\"></span>3); e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>riesgo <span class=\"_ _2\"></span>de aumento del precio <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>bio<span class=\"_ _3\"></span>masa com<span class=\"_ _3\"></span>o cons<span class=\"_ _3\"></span>ecuencia del <span class=\"_ _3\"></span>incremento <span class=\"_ _f\"></span>en la <span class=\"_ _3\"></span>competencia <span class=\"_ _3\"></span>por s<span class=\"_ _3\"></span>u su<span class=\"_ _3\"></span>ministro (R14); el encarecimiento d<span class=\"_ _3\"></span>e los costes log\u00edsticos p<span class=\"_ _3\"></span>or la inclusi\u00f3n del sector log\u00edstico mar\u00edtimo en el<span class=\"_ _3\"></span> r\u00e9gimen <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>comercio <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>e<span class=\"_ _3\"></span>misiones <span class=\"_ _1a\"> </span>(R15); <span class=\"_ _1a\"> </span>los <span class=\"_ _1a\"> </span>p<span class=\"_ _3\"></span>otenciales <span class=\"_ _1a\"> </span>cambios <span class=\"_ _1a\"> </span>regulatorios <span class=\"_ _18\"> </span>(c<span class=\"_ _2\"></span>omo <span class=\"_ _1a\"> </span>el endurecimiento <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>criterios<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>sosten<span class=\"_ _3\"></span>ibilidad <span class=\"_ _f\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>biomasa <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>REDIII) <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>pl<span class=\"_ _3\"></span>antas <span class=\"_ _0\"></span>de energ\u00eda (R16.2); <span class=\"_ _2\"></span>y el <span class=\"_ _d\"></span>au<span class=\"_ _3\"></span>mento del precio <span class=\"_ _2\"></span>del agua <span class=\"_ _2\"></span>derivado de <span class=\"_ _2\"></span>pol\u00edticas o <span class=\"_ _2\"></span>marcos normativos (R17). En <span class=\"_ _10\"></span>todos <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>casos, <span class=\"_ _0\"></span>tras <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>an\u00e1lisis <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>potenciales <span class=\"_ _0\"></span>impactos <span class=\"_ _10\"></span>y, <span class=\"_ _0\"></span>considerand<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>medida<span class=\"_ _f\"></span>s <span class=\"_ _10\"></span>de mitigaci\u00f3n en marcha o previstas, estos riesgos se encuentran por debajo del umbral de c<span class=\"_ _2\"></span>riticidad.<span class=\"_ _3\"></span> 3.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Riesgos <span class=\"_ _3\"></span>descart<span class=\"_ _3\"></span>ados<span class=\"ls29\">: <span class=\"_ _3\"></span></span>riesgos<span class=\"_ _3\"></span> analizad<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>durante <span class=\"_ _3\"></span>varios <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>manera recurrente <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>descartado </span></span>que <span class=\"_ _22\"> </span>exista <span class=\"_ _22\"> </span>un <span class=\"_ _22\"> </span>impacto <span class=\"_ _22\"> </span>del <span class=\"_ _22\"> </span>cambio <span class=\"_ _22\"> </span>clim\u00e1tico <span class=\"_ _22\"> </span>en <span class=\"_ _22\"> </span>las <span class=\"_ _22\"> </span>variab<span class=\"_ _3\"></span>les <span class=\"_ _22\"> </span>operativas<span class=\"_ _f\"></span><span class=\"ls1f\">. </span> En <span class=\"_ _f\"></span>esta <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>incluyen <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>riesgos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>disminuci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>disponibilidad<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>biomasa <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>cambios en <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>patrones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>precipitaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>(R3); <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>m<span class=\"_ _3\"></span>enor <span class=\"_ _10\"> </span>rendimie<span class=\"_ _3\"></span>nto <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>equipos <span class=\"_ _10\"> </span>por <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>aumento <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>la temperatura (R4); y el meno<span class=\"_ _3\"></span>r rendimiento del perso<span class=\"_ _3\"></span>nal por o<span class=\"_ _3\"></span>las d<span class=\"_ _3\"></span>e extremo (R6). Oportunidades<span class=\"_ _3\"></span> Clim\u00e1ticas La <span class=\"_ _2\"></span>adaptaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>al cambio <span class=\"_ _d\"></span>clim\u00e1tico y <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>transici\u00f3n <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _2\"></span>econom\u00eda <span class=\"_ _2\"></span>baja <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>carbono re<span class=\"_ _2\"></span>presenta <span class=\"_ _2\"></span>para ENCE m\u00e1s oportunidad<span class=\"_ _3\"></span>es <span class=\"_ _16\"> </span>que <span class=\"_ _19\"> </span>riesgos. <span class=\"_ _16\"> </span>La<span class=\"_ _3\"></span>s <span class=\"_ _16\"> </span>prin<span class=\"_ _3\"></span>cipales <span class=\"_ _16\"> </span>op<span class=\"_ _3\"></span>ortunidades <span class=\"_ _16\"> </span>en <span class=\"_ _19\"> </span>las <span class=\"_ _19\"> </span>que <span class=\"_ _15\"> </span>ENCE <span class=\"_ _19\"> </span>enfoca <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>estrategia <span class=\"_ _19\"> </span>de crecimiento son: 1.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Crecimiento <span class=\"_ _3\"></span>en en<span class=\"_ _3\"></span>erg\u00edas reno<span class=\"_ _3\"></span>vables: el <span class=\"_ _3\"></span>impulso <span class=\"_ _3\"></span>que la <span class=\"_ _3\"></span>Uni\u00f3n E<span class=\"_ _3\"></span>uropea est\u00e1<span class=\"_ _3\"></span> ofreciendo al <span class=\"_ _3\"></span>despliegue <span class=\"_ _3\"></span>de </span></span>las <span class=\"_ _f\"></span>energ\u00edas <span class=\"_ _f\"></span>limpias <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>traduce <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>objetivos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cada <span class=\"_ _f\"></span>vez <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _f\"></span>ambicios<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>generaci\u00f3n <span class=\"_ _f\"></span>renov<span class=\"_ _3\"></span>able supone una oportunidad<span class=\"_ _3\"></span> para<span class=\"_ _2\"></span> ENCE, por lo que la compa\u00f1\u00eda <span class=\"_ _2\"></span>ha incluido en<span class=\"_ _3\"></span> su estrategia de <span class=\"_ _2\"></span>crecimiento<span class=\"_ _3\"></span> la generaci\u00f3n de energ\u00eda reno<span class=\"_ _3\"></span>vable.<span class=\"_ _3\"></span> 2.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Descarboniza<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _16\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>sectores<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>poco <span class=\"_ _19\"> </span>electrificables: <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>des<span class=\"_ _3\"></span>carbonizaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>aquellas <span class=\"_ _16\"> </span>activ<span class=\"_ _3\"></span>idades <span class=\"_ _19\"> </span>o </span></span>sectores <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>actualmente <span class=\"_ _17\"> </span>utilizan <span class=\"_ _17\"> </span>combus<span class=\"_ _3\"></span>tibles <span class=\"_ _17\"> </span>f\u00f3siles <span class=\"_ _17\"> </span>como <span class=\"_ _15\"> </span>el <span class=\"_ _17\"> </span>gas<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>natural <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>son <span class=\"_ _17\"> </span>dif\u00edcilmente electrificables <span class=\"_ _10\"> </span>es <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>oportun<span class=\"_ _3\"></span>idad <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>quiere <span class=\"_ _10\"> </span>aprovechar <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>t<span class=\"_ _f\"></span>rav\u00e9s <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>l\u00ednea <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>egocio <span class=\"_ _10\"></span>de biometano <span class=\"_ _e\"> </span>y <span class=\"_ _e\"> </span>biofertilizan<span class=\"_ _3\"></span>tes <span class=\"_ _e\"> </span>dand<span class=\"_ _3\"></span>o <span class=\"_ _e\"> </span>una <span class=\"_ _e\"> </span>soluci\u00f3n <span class=\"_ _e\"> </span>integral <span class=\"_ _e\"> </span>para <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>valoriza<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _e\"> </span>de <span class=\"_ _e\"> </span>residuos agroganaderos. Po<span class=\"_ _3\"></span>r un lado, la trans<span class=\"_ _3\"></span>formaci\u00f3n de estos resid<span class=\"_ _3\"></span>uos en gas reno<span class=\"_ _3\"></span>vable (biometano) para s<span class=\"_ _3\"></span>u inyecci\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>red <span class=\"_ _3\"></span>contribuye <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>descarbonizaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>estos <span class=\"_ _f\"></span>sectores. <span class=\"_ _f\"></span>Por <span class=\"_ _3\"></span>otro, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>digestato <span class=\"_ _f\"></span>generado en <span class=\"_ _16\"> </span>el  pro<span class=\"_ _3\"></span>ceso <span class=\"_ _16\"> </span>se  s<span class=\"_ _3\"></span>omete  a <span class=\"_ _19\"> </span>un <span class=\"_ _16\"> </span>tratamiento <span class=\"_ _16\"> </span>permitiendo<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>su <span class=\"_ _16\"> </span>posterior <span class=\"_ _16\"> </span>venta <span class=\"_ _16\"> </span>como <span class=\"_ _16\"> </span>biofertilizante, generando <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>valor <span class=\"_ _10\"></span>a\u00f1adido <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>zonas <span class=\"_ _0\"></span>rurales<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>fomentan<span class=\"_ _3\"></span>do <span class=\"_ _10\"></span>pr\u00e1cticas <span class=\"_ _0\"></span>agr\u00edcolas <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>stenib<span class=\"_ _f\"></span>les <span class=\"_ _0\"></span>y reduciendo la dependencia d<span class=\"_ _3\"></span>e fertilizantes de origen f\u00f3s<span class=\"_ _3\"></span>il.<span class=\"_ _3\"></span> 3.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Demanda <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>t\u00e9rmica<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>renovable: <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>contexto<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>des<span class=\"_ _3\"></span>carbonizaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>aquellos <span class=\"_ _0\"></span>sectores </span></span>industriales <span class=\"_ _10\"></span>dif\u00edcilmente <span class=\"_ _10\"></span>ele<span class=\"_ _2\"></span>ctrificables, <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>se <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>osiciona <span class=\"_ _0\"></span>como <span class=\"_ _10\"> </span>un <span class=\"_ _10\"></span>actor <span class=\"_ _0\"></span>clav<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>pr<span class=\"_ _2\"></span>oducci\u00f3n <span class=\"_ _10\"> </span>de<span class=\"_ _65\"> </span>energ\u00eda t\u00e9rmica <span class=\"_ _2\"></span>renovable, ya <span class=\"_ _2\"></span>que su <span class=\"_ _2\"></span>experiencia e<span class=\"_ _2\"></span>n gesti\u00f3n de <span class=\"_ _d\"></span>ins<span class=\"_ _3\"></span>talaciones de <span class=\"_ _2\"></span>biomasa la <span class=\"_ _2\"></span>sit\u00faa en <span class=\"_ _2\"></span>una posici\u00f3n <span class=\"_ _f\"></span>privilegiada <span class=\"_ _0\"></span>para <span class=\"_ _f\"></span>convertirse <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>actor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>refe<span class=\"_ _3\"></span>rencia <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>\u00e1mbito. <span class=\"_ _0\"></span>A <span class=\"_ _f\"></span>trav\u00e9s <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Magno<span class=\"_ _3\"></span>n Servicios  Energ\u00e9ticos<span class=\"_ _3\"></span>,  EN<span class=\"_ _3\"></span>CE  ofrece  solucion<span class=\"_ _3\"></span>es  integrales <span class=\"_ _16\"> </span>para  la  descarb<span class=\"_ _3\"></span>onizaci\u00f3n  de  la <span class=\"_ _16\"> </span>industria, desarrollando <span class=\"_ _1a\"> </span>in<span class=\"_ _3\"></span>stalaciones <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>biomasa <span class=\"_ _1a\"> </span>par<span class=\"_ _3\"></span>a <span class=\"_ _1a\"> </span>la <span class=\"_ _1a\"> </span>sustituci\u00f3n <span class=\"_ _1a\"> </span>cald<span class=\"_ _3\"></span>eras <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>combus<span class=\"_ _3\"></span>tibles <span class=\"_ _1a\"> </span>f\u00f3siles <span class=\"_ _1a\"> </span>y permitiendo as\u00ed a<span class=\"_ _3\"></span> los clientes reducir las emisiones y<span class=\"_ _3\"></span> los costes vincu<span class=\"_ _3\"></span>lados a los derecho<span class=\"_ _f\"></span>s de emisi\u00f3n.  4.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Compensaci\u00f3n <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>emisiones<span class=\"_ _3\"></span>: <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>l\u00ednea <span class=\"_ _19\"> </span>con<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>hoja <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>r<span class=\"_ _3\"></span>uta <span class=\"_ _19\"> </span>marcada <span class=\"_ _15\"> </span>por <span class=\"_ _19\"> </span>Euro<span class=\"_ _3\"></span>pa, <span class=\"_ _19\"> </span>cada <span class=\"_ _19\"> </span>vez <span class=\"_ _19\"> </span>m\u00e1s<span class=\"_ _3\"></span> </span></span>organizaciones <span class=\"_ _e\"> </span>asumen <span class=\"_ _e\"> </span>compromisos <span class=\"_ _e\"> </span>de <span class=\"_ _e\"> </span>neutralidad <span class=\"_ _e\"> </span>en <span class=\"_ _23\"> </span>carbono <span class=\"_ _e\"> </span>que <span class=\"_ _23\"> </span>s\u00f3lo <span class=\"_ _23\"> </span>podr\u00e1n<span class=\"_ _3\"></span> <span class=\"_ _23\"> </span>alcanzar compensando aquellas emisiones que no han sido capaces de re<span class=\"_ _2\"></span>ducir. En este context<span class=\"_ _3\"></span>o, como principal gestor forestal <span class=\"_ _2\"></span>privado de <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>pa\u00f1a, <span class=\"_ _2\"></span>ENCE tiene <span class=\"_ _2\"></span>una m<span class=\"_ _2\"></span>agn\u00edfica oportunidad <span class=\"_ _2\"></span>para desarrollar <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>umideros de<span class=\"_ _2\"></span> carbono y comercializar esto<span class=\"_ _3\"></span>s cr\u00e9ditos de compens<span class=\"_ _3\"></span>aci\u00f3n. <span class=\"_ _3\"></span> 5.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span></span><span class=\"ls2b\">CO<span class=\"_ _65\"> </span></span>2 <span class=\"_ _f\"></span>biog\u00e9nico: <span class=\"_ _f\"></span>En <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>contexto <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>descarb<span class=\"_ _3\"></span>onizaci\u00f3n, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>CO<span class=\"_ _65\"> </span>2 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>origen <span class=\"_ _f\"></span>biog\u00e9nico <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>ha <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>vertido <span class=\"_ _f\"></span>en una materia prima de alto <span class=\"_ _2\"></span>inter\u00e9s para, en combinaci\u00f3n con H<span class=\"_ _65\"> </span>2 verde, producir biocombustibles y otros productos  que <span class=\"_ _10\"> </span>sustit<span class=\"_ _3\"></span>uyen <span class=\"_ _13\"> </span>materiales <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>origen <span class=\"_ _13\"> </span>f\u00f3sil. <span class=\"_ _10\"> </span>En  este <span class=\"_ _13\"> </span>sentido, <span class=\"_ _13\"> </span>ENCE <span class=\"_ _13\"> </span>tambi\u00e9n <span class=\"_ _13\"> </span>parte <span class=\"_ _10\"> </span>de  una posici\u00f3n <span class=\"_ _10\"> </span>privilegiada <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>ap<span class=\"_ _2\"></span>rovechar <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>oportunidad, <span class=\"_ _10\"></span>ya <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>tanto <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>biof\u00e1b<span class=\"_ _3\"></span>ricas <span class=\"_ _10\"></span>com<span class=\"_ _2\"></span>o <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>plantas independientes <span class=\"_ _3\"></span>de en<span class=\"_ _3\"></span>erg\u00eda de<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>compa\u00f1\u00eda p<span class=\"_ _3\"></span>roducen gran<span class=\"_ _3\"></span>des cantid<span class=\"_ _3\"></span>ades d<span class=\"_ _3\"></span>e este CO<span class=\"_ _65\"> </span>2 bio<span class=\"_ _3\"></span>g\u00e9nico al <span class=\"_ _3\"></span>a\u00f1o. As\u00ed, E<span class=\"_ _3\"></span>NCE ya e<span class=\"_ _3\"></span>st\u00e1 tra<span class=\"_ _3\"></span>bajando con <span class=\"_ _3\"></span>diversos s<span class=\"_ _3\"></span>ocios poten<span class=\"_ _3\"></span>ciales en el d<span class=\"_ _3\"></span>esarrollo de <span class=\"_ _3\"></span>proyectos <span class=\"_ _3\"></span>para u<span class=\"_ _3\"></span>tilizar el CO<span class=\"_ _65\"> </span>2 procedente de la bio<span class=\"_ _3\"></span>masa en d<span class=\"_ _3\"></span>istintas aplicaciones<span class=\"_ _3\"></span>.  6.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Producto<span class=\"_ _3\"></span>s <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>celulosa <span class=\"_ _2\"></span>bajos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>carbono: <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>\u00e1rea <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>negocio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>celulosa,<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ENCE <span class=\"_ _2\"></span>tambi\u00e9n <span class=\"_ _2\"></span>ha <span class=\"_ _d\"></span>identificado </span></span>interesantes <span class=\"_ _0\"></span>oportun<span class=\"_ _3\"></span>idades <span class=\"_ _0\"></span>relacionadas <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>descarbonizaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>papelero. <span class=\"_ _0\"></span>As\u00ed, <span class=\"_ _0\"></span>E<span class=\"_ _3\"></span>NCE trabaja en <span class=\"_ _2\"></span>el desarrollo <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>productos celul\u00f3sicos <span class=\"_ _2\"></span>bajo<span class=\"_ _3\"></span>s e<span class=\"_ _2\"></span> incluso neutro<span class=\"_ _2\"></span>s en <span class=\"_ _2\"></span>carbono que <span class=\"_ _d\"></span>pueden ayudar a sus clientes a<span class=\"_ _3\"></span> reducir la huella de carbono d<span class=\"_ _3\"></span>e sus productos finales. <span class=\"_ _3\"></span>La pasta no b<span class=\"_ _3\"></span>lanqueada de huella reducida <span class=\"_ _3\"></span>Natu<span class=\"_ _3\"></span>rcell <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>versi\u00f3n <span class=\"_ _3\"></span>neutra <span class=\"_ _f\"></span>en carb<span class=\"_ _3\"></span>ono <span class=\"_ _3\"></span>Naturcell <span class=\"_ _f\"></span>Zero s<span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>claro eje<span class=\"_ _3\"></span>mplo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>c\u00f3mo <span class=\"_ _f\"></span>ENCE ha aprov<span class=\"_ _3\"></span>echado esta oportunidad. <span class=\"_ _3\"></span> 7.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Producci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>soluciones  de <span class=\"_ _13\"> </span>envasado  sostenible <span class=\"_ _13\"> </span>basadas <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>celulosa<span class=\"_ _3\"></span>: <span class=\"_ _13\"> </span>otras  \u00e1reas <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>negocio <span class=\"_ _13\"> </span>de </span></span>celulosa <span class=\"_ _19\"> </span>tambi\u00e9n <span class=\"_ _19\"> </span>h<span class=\"_ _3\"></span>an <span class=\"_ _16\"> </span>id<span class=\"_ _3\"></span>entificado <span class=\"_ _19\"> </span>oportunid<span class=\"_ _3\"></span>ades <span class=\"_ _19\"> </span>para <span class=\"_ _19\"> </span>sustituir <span class=\"_ _19\"> </span>materiales <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>l\u00e1sticos <span class=\"_ _16\"> </span>por <span class=\"_ _15\"> </span>celulosa moldeada. <span class=\"_ _3\"></span>En <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>sentido, <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l\u00edneas <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>investigaci\u00f3n <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>desarrollando <span class=\"_ _3\"></span>contempla la <span class=\"_ _2\"></span>producci\u00f3n de <span class=\"_ _d\"></span>pro<span class=\"_ _3\"></span>ductos de <span class=\"_ _d\"></span>fibra moldeada <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>para la <span class=\"_ _d\"></span>fab<span class=\"_ _3\"></span>ricaci\u00f3n <span class=\"_ _2\"></span>de envases <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>bandejas <span class=\"_ _2\"></span>que sustituir\u00e1 productos p<span class=\"_ _3\"></span>l\u00e1sticos basados en combus<span class=\"_ _3\"></span>tibles f\u00f3siles.<span class=\"_ _3\"></span> 8.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Mejor <span class=\"_ _3\"></span>adapta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ff9\">E. <span class=\"_ _3\"></span>Globu<span class=\"_ _3\"></span>lus</span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>condiciones <span class=\"_ _3\"></span>clim\u00e1tica<span class=\"_ _3\"></span>s: <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>modelos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>clim<span class=\"_ _3\"></span>\u00e1tico <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>los </span></span>que <span class=\"_ _3\"></span>trabaja <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>determinado <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>las v<span class=\"_ _3\"></span>ariaciones <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>os <span class=\"_ _3\"></span>patrones <span class=\"_ _f\"></span>de temperatu<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>norte <span class=\"_ _3\"></span>de la Pen\u00edns<span class=\"_ _3\"></span>ula har\u00e1n<span class=\"_ _3\"></span> que <span class=\"_ _3\"></span>haya <span class=\"_ _3\"></span>zonas actu<span class=\"_ _3\"></span>almente no <span class=\"_ _3\"></span>viables p<span class=\"_ _3\"></span>ara el <span class=\"_ _3\"></span>cultivo del <span class=\"_ _3\"></span>eucalipto <span class=\"_ _f\"></span><span class=\"ff9\">E. <span class=\"_ _3\"></span>Globulus</span> <span class=\"_ _3\"></span>que pasar\u00e1n <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>viab<span class=\"_ _3\"></span>les <span class=\"_ _f\"></span>porq<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>temperaturas <span class=\"_ _0\"></span>ya <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>ser\u00e1n <span class=\"_ _0\"></span>demasiad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>ajas <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>desarrollo. <span class=\"_ _0\"></span>Esto supondr\u00eda <span class=\"_ _13\"> </span>una <span class=\"_ _13\"> </span>oportunidad <span class=\"_ _13\"> </span>para  ENCE, <span class=\"_ _13\"> </span>ya <span class=\"_ _10\"> </span>que <span class=\"_ _13\"> </span>conllevar\u00eda <span class=\"_ _13\"> </span>un <span class=\"_ _13\"> </span>aumento <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la  productividad <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la<span class=\"_ _2\"></span>s plantaciones <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>zonas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y, <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>ende, <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>aumento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>disponibilidad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>madera <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>esta <span class=\"_ _f\"></span>especie para las biof\u00e1b<span class=\"_ _3\"></span>ricas.  9.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Comercializaci\u00f3n <span class=\"_ _3\"></span>de biomas<span class=\"_ _3\"></span>a: A <span class=\"_ _3\"></span>trav\u00e9s de<span class=\"_ _3\"></span>l negocio <span class=\"_ _3\"></span>de trading <span class=\"_ _3\"></span><span class=\"ls14\">, </span>ENCE <span class=\"_ _3\"></span>pone a <span class=\"_ _3\"></span>disposici\u00f3n de <span class=\"_ _3\"></span>sus clientes </span></span>biomasa <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _3\"></span>abastecer <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>emanda <span class=\"_ _3\"></span>creciente <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>calor <span class=\"_ _3\"></span>renov<span class=\"_ _3\"></span>able, <span class=\"_ _3\"></span>biocombustib<span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>otros <span class=\"_ _3\"></span>usos. <span class=\"_ _3\"></span>Dado que <span class=\"_ _13\"> </span>ENCE <span class=\"_ _10\"> </span>es <span class=\"_ _13\"> </span>uno <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>mayores <span class=\"_ _10\"> </span>gestores <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>biomas<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>agro<span class=\"_ _3\"></span>forestal <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>Espa\u00f1a; <span class=\"_ _13\"> </span>su <span class=\"_ _13\"> </span>conocimiento <span class=\"_ _10\"> </span>y capilaridad <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>territorio <span class=\"_ _2\"></span>para <span class=\"_ _2\"></span>adquirir <span class=\"_ _2\"></span>biomasa <span class=\"_ _d\"></span>su<span class=\"_ _3\"></span>ponen <span class=\"_ _2\"></span>una <span class=\"_ _d\"></span>ventaja<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>competitiva para <span class=\"_ _d\"></span>aprovechar <span class=\"_ _2\"></span>esta oportunidad<span class=\"_ _3\"></span>.  10.<span class=\"ff4 ls0_1\">  <span class=\"ff3\">Producci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>materias<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>primas <span class=\"_ _13\"> </span>secundarias: <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>partir <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>sub<span class=\"_ _3\"></span>productos <span class=\"_ _13\"> </span>obtenidos <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>proceso  de </span></span>fabricaci\u00f3n de <span class=\"_ _d\"></span>pasta<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>papel, tales <span class=\"_ _2\"></span>como m<span class=\"_ _2\"></span>etanol y <span class=\"_ _d\"></span>\u00e1<span class=\"_ _3\"></span>cido <span class=\"_ _2\"></span>sulf\u00farico, se <span class=\"_ _d\"></span>pued<span class=\"_ _3\"></span>en <span class=\"_ _2\"></span>obtener materias <span class=\"_ _2\"></span>primas secundarias a<span class=\"_ _3\"></span>ptas para su <span class=\"_ _3\"></span>uso en las plantas o su <span class=\"_ _3\"></span>potencial comercializaci\u00f3n.<span class=\"_ _3\"></span> En <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>elaboraci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cuentas <span class=\"_ _f\"></span>an<span class=\"_ _3\"></span>uales <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>solidadas <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>han<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>consid<span class=\"_ _3\"></span>erado <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>oportunidades descritos anteriormente, principalmente, en las estimacion<span class=\"_ _3\"></span>es de la vida \u00fatil de <span class=\"_ _2\"></span>los activos (v\u00e9anse notas 3.2<span class=\"_ _65\"> </span>y 3.3), en el <span class=\"_ _2\"></span>grado de uso de los activos biol\u00f3gicos, en los compromisos de inversi\u00f3n (v\u00e9anse notas<span class=\"_ _3\"></span> 16 y <span class=\"_ _2\"></span>18), en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>evaluaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>potenciales <span class=\"_ _2\"></span>costes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cierre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>instalaciones <span class=\"_ _2\"></span>(v\u00e9ase <span class=\"_ _2\"></span>nota <span class=\"_ _2\"></span>31) <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>en el <span class=\"_ _d\"></span>an\u00e1lisis del <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>eterioro de los activos<span class=\"_ _3\"></span> no financieros (v\u00e9as<span class=\"_ _3\"></span>e nota 19), as\u00ed co<span class=\"_ _3\"></span>mo en los an\u00e1lisis de s<span class=\"_ _3\"></span>ensibilidad realizados<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>22.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Retribuci\u00f3n al accion<span class=\"_ _2\"></span>ista y propuesta de distribuci\u00f3n del resultado de<span class=\"_ _2\"></span> la Sociedad </span></span>Dominante  22.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Retri<span class=\"_ _3\"></span>bu<span class=\"_ _2\"></span>ci\u00f3n al accionista </span></span>El <span class=\"_ _2\"></span>28 <span class=\"_ _d\"></span>de f<span class=\"_ _2\"></span>ebrero <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>20<span class=\"_ _3\"></span>22, <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>Co<span class=\"_ _3\"></span>nsejo <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _2\"></span>aprob\u00f3 <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>nueva <span class=\"_ _2\"></span>Pol\u00edtica <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>Remuneraci\u00f3n<span class=\"_ _3\"></span> al Accionista aplicable a partir <span class=\"_ _2\"></span>de ese ejercicio con la <span class=\"_ _2\"></span>finalidad de establecer, dentro del m<span class=\"_ _2\"></span>arco de la Ley, los Estatutos <span class=\"_ _f\"></span>Sociales <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>recom<span class=\"_ _3\"></span>endacion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>buen <span class=\"_ _f\"></span>gobierno <span class=\"_ _3\"></span>corpo<span class=\"_ _3\"></span>rativo, <span class=\"_ _3\"></span>uno<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>criterios <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>retribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e permitan <span class=\"_ _3\"></span>ligar<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>resultado <span class=\"_ _f\"></span>econ\u00f3mico <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Sociedad <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>remunera<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>percibir <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>accion<span class=\"_ _3\"></span>istas <span class=\"_ _f\"></span>y que respondan<span class=\"_ _3\"></span> a principios de sostenibilid<span class=\"_ _3\"></span>ad, rentabilidad y prudencia finan<span class=\"_ _3\"></span>ciera.<span class=\"_ _3\"></span> A tal <span class=\"_ _2\"></span>fin, <span class=\"_ _2\"></span>se estima <span class=\"_ _2\"></span>que los <span class=\"_ _2\"></span>criterios <span class=\"_ _2\"></span>que deben <span class=\"_ _2\"></span>de m<span class=\"_ _2\"></span>arcar, como <span class=\"_ _2\"></span>directrices principales, la <span class=\"_ _2\"></span>Pol\u00edtica, <span class=\"_ _2\"></span>deben ser la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>caj<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ENC<span class=\"_ _3\"></span>E <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _0\"></span>sociedades <span class=\"_ _10\"></span>dependientes, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mantener <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>nivel <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>endeudamiento prudente <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de act<span class=\"_ _3\"></span>ividad <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>desar<span class=\"_ _3\"></span>rolla <span class=\"_ _f\"></span>el Grupo <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>el cumplimiento <span class=\"_ _f\"></span>de s<span class=\"_ _3\"></span>us <span class=\"_ _3\"></span>obligaciones <span class=\"_ _3\"></span>legales <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> contractuales. En <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>sentido, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>anual <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>accionis<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span>vendr\u00e1 d<span class=\"_ _3\"></span>eterminada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>caja <span class=\"_ _3\"></span>disponible <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>distrib<span class=\"_ _3\"></span>uir asegurando <span class=\"_ _f\"></span>un niv<span class=\"_ _3\"></span>el de <span class=\"_ _f\"></span>endeudamiento <span class=\"_ _3\"></span>financiero <span class=\"_ _3\"></span>adecuad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de, <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>ref<span class=\"_ _2\"></span>erencia, <span class=\"_ _3\"></span>2,5 <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>eces <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>negocio<span class=\"_ _3\"></span> de <span class=\"_ _10\"> </span>Ce<span class=\"_ _3\"></span>lulosa <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>5 <span class=\"_ _13\"> </span>veces <span class=\"_ _10\"> </span>en  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>negocio <span class=\"_ _10\"> </span>de<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>En<span class=\"_ _3\"></span>erg\u00eda, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>resu<span class=\"_ _3\"></span>ltado <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _13\"> </span>operaciones <span class=\"_ _13\"> </span>antes <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>financieros, amortizaciones <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>i<span class=\"_ _3\"></span>mpuestos <span class=\"_ _19\"> </span>(EBITDA), <span class=\"_ _19\"> </span>utilizand<span class=\"_ _3\"></span>o <span class=\"_ _16\"> </span>precios <span class=\"_ _19\"> </span>medios <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>ciclo, <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>teniend<span class=\"_ _3\"></span>o <span class=\"_ _16\"> </span>en <span class=\"_ _19\"> </span>cuenta <span class=\"_ _19\"> </span>los compromisos y p<span class=\"_ _3\"></span>lanes de inversi\u00f3n.<span class=\"_ _3\"></span> Con <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>objetivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ajustar <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>remuneraci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>efectiva <span class=\"_ _f\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>caja <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Sociedad, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>propuso <span class=\"_ _0\"></span>el siguiente <span class=\"_ _13\"> </span>calendario <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>abono <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>dividendos: <span class=\"_ _13\"> </span>(i) <span class=\"_ _10\"> </span>dos <span class=\"_ _13\"> </span>dividendos <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>cuenta <span class=\"_ _10\"> </span>acordados  al <span class=\"_ _10\"> </span>cierre <span class=\"_ _13\"> </span>del segundo <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>tercer <span class=\"_ _f\"></span>tri<span class=\"_ _3\"></span>mestre <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>cada <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>es <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>meses <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>octub<span class=\"_ _3\"></span>re; <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>(ii) <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dividend<span class=\"_ _3\"></span>o complementario <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>propondr\u00e1 <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _f\"></span>General <span class=\"_ _f\"></span>Ordinaria <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Accionis<span class=\"_ _3\"></span>tas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Sociedad <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha que se convoq<span class=\"_ _3\"></span>ue dentro del primer semestre de cada <span class=\"_ _3\"></span>ejercicio.<span class=\"_ _3\"></span> El <span class=\"_ _0\"></span>Consejo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Administraci\u00f3n <span class=\"_ _0\"></span>podr\u00e1 <span class=\"_ _0\"></span>prop<span class=\"_ _3\"></span>oner <span class=\"_ _f\"></span>aqu<span class=\"_ _3\"></span>ellas <span class=\"_ _f\"></span>mod<span class=\"_ _3\"></span>alidades <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>remuneraci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>accion<span class=\"_ _3\"></span>ista <span class=\"_ _0\"></span>que resulten <span class=\"_ _19\"> </span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>acord<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>en <span class=\"_ _19\"> </span>ca<span class=\"_ _3\"></span>da <span class=\"_ _19\"> </span>mom<span class=\"_ _3\"></span>ento, <span class=\"_ _19\"> </span>in<span class=\"_ _3\"></span>cluyendo <span class=\"_ _15\"> </span>programas <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>r<span class=\"_ _3\"></span>ecompra <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>a<span class=\"_ _3\"></span>cciones <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _19\"> </span>s<span class=\"_ _3\"></span>u amortizaci\u00f3n, sis<span class=\"_ _3\"></span>tema de retribuci\u00f3n flexible, as<span class=\"_ _3\"></span>\u00ed como distribuc<span class=\"_ _3\"></span>iones en<span class=\"_ _3\"></span> especie. 22.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Dividendos pagados </span></span>El Cons<span class=\"_ _3\"></span>ejo de <span class=\"_ _3\"></span>Administraci\u00f3n <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> Dominante <span class=\"_ _f\"></span>acord\u00f3 <span class=\"_ _3\"></span>durante <span class=\"_ _3\"></span>el a\u00f1o <span class=\"_ _3\"></span>2024<span class=\"_ _3\"></span> el p<span class=\"_ _3\"></span>ago en <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>de dos <span class=\"_ _13\"> </span>dividendos <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>cuenta <span class=\"_ _10\"> </span>del  re<span class=\"_ _2\"></span>sultado  del <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _13\"> </span>2024<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _13\"> </span>importe <span class=\"_ _10\"> </span>agregad<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span><span><span id=\"__10\">0,140</span></span> <span class=\"_ _13\"> </span><span class=\"ff6\">\u20ac/acci\u00f3n, </span>equivalente a 34,0 <span class=\"ff6\">millon<span class=\"_ _3\"></span>es \u20ac.<span class=\"_ _65\"> </span></span>22.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Propuesta de aplicaci\u00f3n de<span class=\"_ _2\"></span>l resultado de la So<span class=\"_ _2\"></span>ciedad Domina<span class=\"_ _2\"></span>nte </span></span>El <span class=\"_ _3\"></span>resultado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Ence <span class=\"_ _3\"></span>Energ\u00eda <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Celulosa, <span class=\"_ _3\"></span>S.A. <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>t\u00edtulo <span class=\"_ _3\"></span>indiv<span class=\"_ _3\"></span>idual <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el ej<span class=\"_ _3\"></span>ercicio <span class=\"_ _f\"></span><span class=\"ls10\">2025 <span class=\"_ _3\"></span><span class=\"ls15\">ha</span></span> s<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span><span class=\"ls15\">un</span>a <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or importe  de  <span class=\"ls10\">30</span>.<span class=\"ls10\">388.101</span>,<span class=\"ls3c\">22</span><span class=\"ff6\">\u20ac.  En <span class=\"_ _13\"> </span>este  sentido,  la <span class=\"_ _13\"> </span>propuesta  de  </span>aplicaci\u00f3n  de <span class=\"_ _13\"> </span>resultados  de  la <span class=\"_ _13\"> </span>Sociedad Dominante  efectuada  por  sus  Administra<span class=\"_ _3\"></span>dores  y  que  se  someter\u00e1 <span class=\"_ _13\"> </span>a  aprobaci\u00f3n  por  la  Junta  General Ordinaria de Accionista<span class=\"_ _3\"></span>s cons<span class=\"_ _3\"></span>iste en aplicar el resultado<span class=\"_ _3\"></span> <span class=\"ff6\">a \u201cResultados n<span class=\"_ _3\"></span>egativos de ejercicios anteriores<span class=\"_ _3\"></span>\u201d.<span class=\"_ _65\"> </span></span>35.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Medio Ambiente </span></span>El <span class=\"_ _13\"> </span>respeto <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>medio <span class=\"_ _10\"> </span>ambiente <span class=\"_ _13\"> </span>es <span class=\"_ _10\"> </span>inherente <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>prop\u00f3s<span class=\"_ _3\"></span>ito <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>Ence <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>forma <span class=\"_ _10\"> </span>parte <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>compromisos <span class=\"_ _13\"> </span>y principios de <span class=\"_ _d\"></span>actuaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>establecidos en <span class=\"_ _d\"></span>el C\u00f3digo <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>Conducta<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Pol\u00edtica <span class=\"_ _2\"></span>de Sostenibilidad <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>compa\u00f1\u00eda.<span class=\"_ _f\"></span> Este compromiso d<span class=\"_ _3\"></span>e Ence con la p<span class=\"_ _3\"></span>rotecci\u00f3n del medio ambi<span class=\"_ _3\"></span>ente se materializa en<span class=\"_ _3\"></span> primer lugar,<span class=\"_ _3\"></span> a trav\u00e9s de la propia activ<span class=\"_ _3\"></span>idad de la compa\u00f1\u00eda y s<span class=\"_ _3\"></span>u visi\u00f3n estrat\u00e9gica:<span class=\"_ _3\"></span> \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">La <span class=\"_ _13\"> </span>actividad <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>producci\u00f3n <span class=\"_ _10\"> </span>de  ce<span class=\"_ _2\"></span>lulosa <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>partir <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>madera <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>proximidad <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>gesti\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _13\"> </span>forestal<span class=\"_ _2\"></span> </span></span>sostenible <span class=\"_ _13\"> </span>certificada <span class=\"_ _10\"> </span>tiene <span class=\"_ _13\"> </span>efectos <span class=\"_ _13\"> </span>ambientales <span class=\"_ _10\"> </span>pos<span class=\"_ _3\"></span>itivos, <span class=\"_ _13\"> </span>ya <span class=\"_ _10\"> </span>que <span class=\"_ _13\"> </span>pone <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>mercado <span class=\"_ _13\"> </span>productos naturales, <span class=\"_ _2\"></span>renovables <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>reciclables <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>pu<span class=\"_ _3\"></span>eden <span class=\"_ _d\"></span>su<span class=\"_ _3\"></span>stituir <span class=\"_ _2\"></span>material<span class=\"_ _3\"></span>es <span class=\"_ _2\"></span>fabricados a <span class=\"_ _d\"></span>partir <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>c<span class=\"_ _3\"></span>ombustibles f\u00f3siles, como <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>pl\u00e1sticos. <span class=\"_ _3\"></span>Adem\u00e1s, la <span class=\"_ _3\"></span>actividad <span class=\"_ _3\"></span>forestal de En<span class=\"_ _3\"></span>ce no <span class=\"_ _3\"></span>s\u00f3lo con<span class=\"_ _3\"></span>tribuye a <span class=\"_ _3\"></span>retirar carbono de la atm\u00f3sfera, sino<span class=\"_ _3\"></span> que protege la biodiversidad<span class=\"_ _3\"></span> y otros servicios ecos<span class=\"_ _3\"></span>ist\u00e9micos. <span class=\"_ _3\"></span> \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>dise\u00f1o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>nuevos <span class=\"_ _10\"></span>productos, <span class=\"_ _10\"></span>Ence <span class=\"_ _10\"></span>persigue <span class=\"_ _10\"></span>mejorar <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>huella <span class=\"_ _10\"></span>ambiental <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _10\"></span>productos <span class=\"_ _10\"></span>y </span></span>contribuir <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>reducir <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>impacto <span class=\"_ _3\"></span>ambiental <span class=\"_ _f\"></span>de los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>procesos <span class=\"_ _3\"></span>produ<span class=\"_ _3\"></span>ctivos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>clientes. <span class=\"_ _3\"></span>Un <span class=\"_ _3\"></span>ejemplo <span class=\"_ _3\"></span>de esta <span class=\"_ _2\"></span>apuesta e<span class=\"_ _2\"></span>s e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>desarrollo d<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>pasta <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>celulosa no<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>bla<span class=\"_ _3\"></span>nqueada <span class=\"_ _2\"></span>Naturcell, que, <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>no re<span class=\"_ _2\"></span>querir <span class=\"_ _2\"></span>etapa de blanqueo en su prod<span class=\"_ _3\"></span>ucci\u00f3n, tiene un consumo espec\u00edfico de materiales, agua <span class=\"_ _3\"></span>y energ\u00eda menor que 116<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 la pas<span class=\"_ _3\"></span>ta est\u00e1ndar, o <span class=\"_ _3\"></span>la apuesta <span class=\"_ _3\"></span>por la producci\u00f3n<span class=\"_ _3\"></span> de pas<span class=\"_ _3\"></span>ta de celulosa <span class=\"_ _3\"></span>tipo fluff en <span class=\"_ _3\"></span>Espa\u00f1a, que ay<span class=\"_ _3\"></span>uda a reducir <span class=\"_ _2\"></span>la huella <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>carbono <span class=\"_ _2\"></span>asociada a <span class=\"_ _2\"></span>aspectos log\u00edsticos <span class=\"_ _2\"></span>que tiene <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>mayor\u00eda de <span class=\"_ _2\"></span>pasta <span class=\"_ _2\"></span>de este <span class=\"_ _2\"></span>tipo que en la actualid<span class=\"_ _3\"></span>ad se consume en Europa.<span class=\"_ _3\"></span> \u2713<span class=\"ff4\"> <span class=\"_ _17\"> </span><span class=\"ff3 fc0_1\">Ad<span class=\"_ _3\"></span>em\u00e1s <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roductos <span class=\"_ _f\"></span>espe<span class=\"_ _2\"></span>ciales, <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>continuado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>avanzan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>desarrollo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su </span></span>l\u00ednea  de  negocio  de  envases  sostenib<span class=\"_ _3\"></span>les  a  partir  de  celulosa,  que  sustituir\u00e1  productos  pl\u00e1sticos actualmente utilizados<span class=\"_ _3\"></span> en el sector de la alimentaci\u00f3n<span class=\"_ _3\"></span> y la di<span class=\"_ _3\"></span>stribuci\u00f3n.  \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">La compa\u00f1\u00eda tambi\u00e9n ha <span class=\"_ _2\"></span>continuad<span class=\"_ _3\"></span>o avanzando <span class=\"_ _2\"></span>en la <span class=\"_ _2\"></span>ingenier\u00eda y <span class=\"_ _2\"></span>en los tr\u00e1mites <span class=\"_ _2\"></span>administrativo<span class=\"_ _3\"></span>s para<span class=\"_ _2\"></span> </span></span>ejecutar <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>proyecto <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>planta <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>fibra <span class=\"_ _3\"></span>reciclada <span class=\"_ _f\"></span>blanqueada <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>biomateriales que <span class=\"_ _2\"></span>Ence <span class=\"_ _d\"></span>plan<span class=\"_ _3\"></span>ea <span class=\"_ _d\"></span>cons<span class=\"_ _3\"></span>truir <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>la localidad <span class=\"_ _d\"></span>gallega <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>As Pontes. <span class=\"_ _d\"></span>Este <span class=\"_ _2\"></span>proyecto <span class=\"_ _2\"></span>supone <span class=\"_ _2\"></span>una <span class=\"_ _d\"></span>clara<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ap<span class=\"_ _3\"></span>uesta por <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>econom\u00eda <span class=\"_ _0\"></span>circular <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>nsici\u00f3n <span class=\"_ _0\"></span>justa, <span class=\"_ _0\"></span>ya <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue, <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mad<span class=\"_ _3\"></span>era, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>plan<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>utilizar\u00e1 <span class=\"_ _0\"></span>como materia prima pap<span class=\"_ _3\"></span>el y cart\u00f3n <span class=\"_ _3\"></span>recuperados p<span class=\"_ _3\"></span>ara la producci<span class=\"_ _3\"></span>\u00f3n de pasta<span class=\"_ _3\"></span>, evitando el env\u00edo<span class=\"_ _3\"></span> a vertedero de estos resid<span class=\"_ _3\"></span>uos. En 2025, la Xunta de Galicia oto<span class=\"_ _3\"></span>rg\u00f3 la Autorizaci\u00f3n Amb<span class=\"_ _3\"></span>iental Integrada.<span class=\"_ _f\"></span> \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">Tambi\u00e9n dentro <span class=\"_ _2\"></span>del marco <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la energ\u00eda <span class=\"_ _2\"></span>renovable, se <span class=\"_ _2\"></span>han <span class=\"_ _2\"></span>iniciado las <span class=\"_ _2\"></span>tramitaciones ambie<span class=\"_ _2\"></span>ntales para </span></span>el desarrollo <span class=\"_ _3\"></span>de pro<span class=\"_ _3\"></span>yectos de metanol <span class=\"_ _3\"></span>en Esp<span class=\"_ _3\"></span>a\u00f1a, haciendo uso <span class=\"_ _3\"></span>del CO2 <span class=\"_ _3\"></span>biog\u00e9nico que <span class=\"_ _3\"></span>se produce <span class=\"_ _3\"></span>en las plantas de biomasa. Este combustible lograr\u00e1 avanzar <span class=\"_ _3\"></span>en la descarbonizaci\u00f3n de sectores donde la electrificaci\u00f3n es m\u00e1s<span class=\"_ _3\"></span> compleja, como so<span class=\"_ _3\"></span>n el sector mar\u00edtimo, la a<span class=\"_ _3\"></span>viaci\u00f3n y la industria q<span class=\"_ _3\"></span>u\u00edmica.<span class=\"_ _3\"></span> \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>estrategia <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>iversificaci\u00f3n, <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>busca <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>idades <span class=\"_ _0\"></span>alineadas <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>modelo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocio <span class=\"_ _0\"></span>de </span></span>bioeconom\u00eda <span class=\"_ _16\"> </span>circular <span class=\"_ _16\"> </span>y, <span class=\"_ _16\"> </span>por <span class=\"_ _16\"> </span>ello, <span class=\"_ _16\"> </span>en  2025 <span class=\"_ _16\"> </span>Ence <span class=\"_ _16\"> </span>ha <span class=\"_ _16\"> </span>seguido<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>impulsando <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>l\u00ednea  d<span class=\"_ _3\"></span>e  n<span class=\"_ _3\"></span>egocio <span class=\"_ _16\"> </span>de biofertilizantes y <span class=\"_ _d\"></span>biom<span class=\"_ _3\"></span>etano. Una <span class=\"_ _d\"></span>l\u00ednea de <span class=\"_ _d\"></span>a<span class=\"_ _3\"></span>ctividad basada <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la valorizaci\u00f3n de <span class=\"_ _d\"></span>resto<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>agroganaderos que <span class=\"_ _2\"></span>no <span class=\"_ _d\"></span>s\u00f3<span class=\"_ _3\"></span>lo <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tribuir\u00e1 <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>olucionar <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>proble<span class=\"_ _3\"></span>ma <span class=\"_ _d\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _d\"></span>gesti\u00f3<span class=\"_ _3\"></span>n, <span class=\"_ _2\"></span>sino <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>tran<span class=\"_ _3\"></span>sformar\u00e1 <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>roductos de <span class=\"_ _0\"></span>alto <span class=\"_ _0\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>a\u00f1<span class=\"_ _3\"></span>adido <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>fertilizantes <span class=\"_ _10\"></span>org\u00e1nicos <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>menor <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>uella <span class=\"_ _0\"></span>ambiental <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>los <span class=\"_ _f\"></span>qu\u00edmicos <span class=\"_ _0\"></span>y producci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>gas <span class=\"_ _13\"> </span>renovable <span class=\"_ _13\"> </span>para <span class=\"_ _10\"> </span>su <span class=\"_ _13\"> </span>inyecci\u00f3n <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>sistema <span class=\"_ _13\"> </span>gasista <span class=\"_ _13\"> </span>espa\u00f1ol <span class=\"_ _10\"> </span>contribuy<span class=\"_ _3\"></span>endo <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>la reducci\u00f3n de <span class=\"_ _3\"></span>la hu<span class=\"_ _3\"></span>ella de carbono<span class=\"_ _3\"></span> del mix <span class=\"_ _3\"></span>energ\u00e9tico nacio<span class=\"_ _3\"></span>nal. Desd<span class=\"_ _3\"></span>e diciembre de <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>Ence opera su <span class=\"_ _f\"></span>primera <span class=\"_ _3\"></span>planta <span class=\"_ _f\"></span>adquirida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>biometan<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>La <span class=\"_ _3\"></span>Galera <span class=\"_ _f\"></span>(Tarragona). <span class=\"_ _f\"></span>A <span class=\"_ _3\"></span>cierre <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Ence <span class=\"_ _3\"></span>cuenta <span class=\"_ _f\"></span>con una <span class=\"_ _13\"> </span>cartera <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>25  proyectos <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>icionales <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>tramitaci\u00f3n <span class=\"_ _10\"> </span>amb<span class=\"_ _3\"></span>iental, <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>uman <span class=\"_ _13\"> </span>otras <span class=\"_ _13\"> </span>24 iniciativas en d<span class=\"_ _3\"></span>esarrollo que ya cuentan co<span class=\"_ _3\"></span>n localizaci\u00f3n y estu<span class=\"_ _3\"></span>dio de viabilidad completad<span class=\"_ _3\"></span>o.<span class=\"_ _3\"></span> Adem\u00e1s de <span class=\"_ _3\"></span>contribuir <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>protecci\u00f3n del <span class=\"_ _3\"></span>medio ambiente <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s <span class=\"_ _3\"></span>de su <span class=\"_ _3\"></span>propia actividad<span class=\"_ _3\"></span>, Ence tiene <span class=\"_ _3\"></span>como principio <span class=\"_ _2\"></span>llevar <span class=\"_ _d\"></span>a cabo <span class=\"_ _d\"></span>sus procesos <span class=\"_ _d\"></span>indu<span class=\"_ _3\"></span>striales <span class=\"_ _2\"></span>con <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>m\u00e1ximo <span class=\"_ _2\"></span>respeto <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>entorno, <span class=\"_ _2\"></span>aplicand<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>mejores t\u00e9cnicas dispo<span class=\"_ _3\"></span>nibles y la mejora contin<span class=\"_ _3\"></span>ua <span class=\"_ _3\"></span>para reducir el impacto<span class=\"_ _3\"></span> ambiental de sus<span class=\"_ _3\"></span> actividades en t\u00e9rminos de consumo de recurs<span class=\"_ _3\"></span>os, generaci\u00f3n de residu<span class=\"_ _3\"></span>os, emisiones<span class=\"_ _3\"></span>, efluentes, ruidos u<span class=\"_ _3\"></span> olores entre otros.<span class=\"_ _f\"></span> Este <span class=\"_ _19\"> </span>compromiso <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>Ence <span class=\"_ _19\"> </span>se <span class=\"_ _19\"> </span>tra<span class=\"_ _3\"></span>duce <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>importa<span class=\"_ _3\"></span>ntes <span class=\"_ _19\"> </span>inversion<span class=\"_ _3\"></span>es <span class=\"_ _19\"> </span>para <span class=\"_ _19\"> </span>aplicar <span class=\"_ _15\"> </span>las <span class=\"_ _19\"> </span>mejores <span class=\"_ _19\"> </span>t\u00e9cnicas<span class=\"_ _3\"></span> disponibles <span class=\"_ _3\"></span>y mejorar <span class=\"_ _3\"></span>la eficiencia de <span class=\"_ _3\"></span>los procesos<span class=\"_ _3\"></span>. Se <span class=\"_ _3\"></span>detallan <span class=\"_ _3\"></span>a continuaci\u00f3n <span class=\"_ _3\"></span>el valor de <span class=\"_ _3\"></span>las inversiones <span class=\"_ _3\"></span>de car\u00e1cter medioambiental ej<span class=\"_ _3\"></span>ecutadas<span class=\"_ _3\"></span> en 2025: <table class=\"s w46e h212\" id=\"_97ec770d-5cad-41dc-a604-f20b4a09a4ab\"><tr><td></td><td class=\"c x6ba y15a6 w126 hd8\"><div class=\"t_1 m0_1 x56 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de </div></td></tr><tr><td></td><td class=\"c x6ba y15a7 w126 h124\"><div class=\"t_1 m0_1 x50 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Euros </div></td></tr><tr><td class=\"c x6bb y15a8 w20c hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa </div></td><td class=\"c x6ba y15a8 w126 hd8\"><div class=\"t_1 m0_1 x86 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.912 </div></td></tr><tr><td class=\"c x6bb y15a9 w20c hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio renovables </div></td><td class=\"c x6ba y15a9 w126 hd8\"><div class=\"t_1 m0_1 x2f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.252 </div></td></tr><tr><td></td><td class=\"c x6ba y15aa w126 hd8\"><div class=\"t_1 m0_1 x86 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">20.164<span class=\"ls0_1\"> </span></div></td></tr></table>As\u00ed, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>compa\u00f1\u00eda <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>compromete <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mejora con<span class=\"_ _3\"></span>tinua <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el d<span class=\"_ _3\"></span>esempe\u00f1o amb<span class=\"_ _3\"></span>iental imp<span class=\"_ _3\"></span>ulsada <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r la <span class=\"_ _3\"></span>alta direcci\u00f3n <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>compartida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>toda <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>organizaci\u00f3n<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>Pero E<span class=\"_ _3\"></span>nce es <span class=\"_ _3\"></span>consciente <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>huella <span class=\"_ _3\"></span>ambiental <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>su actividad <span class=\"_ _3\"></span>trasciende el alcan<span class=\"_ _3\"></span>ce operativo <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>compa\u00f1\u00eda,<span class=\"_ _3\"></span> por lo <span class=\"_ _3\"></span>que extiende s<span class=\"_ _3\"></span>u compromiso <span class=\"_ _3\"></span>con el <span class=\"_ _3\"></span>medio 117<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 ambiente a lo largo<span class=\"_ _3\"></span> de todas l<span class=\"_ _3\"></span>as fases d<span class=\"_ _3\"></span>e su cadena de v<span class=\"_ _3\"></span>alor, tanto en s<span class=\"_ _3\"></span>u actividad fores<span class=\"_ _3\"></span>tal y de producci\u00f3n de <span class=\"_ _16\"> </span>celulosa <span class=\"_ _16\"> </span>como <span class=\"_ _19\"> </span>en <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>g<span class=\"_ _3\"></span>eneraci\u00f3n <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>energ\u00eda,<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>haciendo <span class=\"_ _16\"> </span>esp<span class=\"_ _3\"></span>ecial <span class=\"_ _16\"> </span>foco <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>los <span class=\"_ _19\"> </span>potenciales <span class=\"_ _19\"> </span>impactos<span class=\"_ _3\"></span> ambientales <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>cadena <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>suministro <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>traslad<span class=\"_ _3\"></span>and<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>sus <span class=\"_ _0\"></span>prov<span class=\"_ _3\"></span>eedores <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>m\u00e1ximo <span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span>vel <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>exigencia ambiental en las op<span class=\"_ _3\"></span>eraciones. Cumplimiento no<span class=\"_ _3\"></span>rmativo y mejores t\u00e9cnicas d<span class=\"_ _3\"></span>isponibles<span class=\"_ _3\"></span> Aunque la ambici\u00f3n de la compa\u00f1\u00eda va m\u00e1s all\u00e1 de las obligaciones legales, el compromiso medioa<span class=\"_ _3\"></span>mbiental de <span class=\"_ _3\"></span>Ence <span class=\"_ _3\"></span>pasa <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>primer <span class=\"_ _3\"></span>lugar <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cumplimiento <span class=\"_ _3\"></span>riguroso <span class=\"_ _f\"></span>y exhaus<span class=\"_ _3\"></span>tivo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>normativa <span class=\"_ _3\"></span>vigente en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e se <span class=\"_ _0\"></span>esta<span class=\"_ _3\"></span>blecen <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>requisitos <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>deben <span class=\"_ _10\"></span>cumplir <span class=\"_ _10\"></span>todas <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>actividades<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>relacionadas<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>producci\u00f3n <span class=\"_ _10\"></span>de celulosa <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>generaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>erg\u00eda <span class=\"_ _f\"></span>renovable, <span class=\"_ _f\"></span>as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>adaptaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>Mejores <span class=\"_ _f\"></span>T\u00e9cnicas <span class=\"_ _f\"></span>Disponibles (MTD) <span class=\"_ _3\"></span>establecidas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>documentos <span class=\"_ _3\"></span>BREF <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la in<span class=\"_ _3\"></span>dustria <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>pasta <span class=\"_ _f\"></span>y p<span class=\"_ _3\"></span>apel <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span><span class=\"ff9\">Best <span class=\"_ _3\"></span>Availa<span class=\"_ _3\"></span>ble <span class=\"_ _3\"></span>Thec<span class=\"_ _3\"></span>niques <span class=\"_ _3\"></span>in </span>the Pu<span class=\"_ _3\"></span>lp and <span class=\"_ _3\"></span>Paper In<span class=\"_ _3\"></span>dustry 2014<span class=\"_ _3\"></span><span class=\"ff3\">) aprobad<span class=\"_ _3\"></span>o por <span class=\"_ _3\"></span>la Comisi\u00f3<span class=\"_ _3\"></span>n d<span class=\"_ _3\"></span>el Medio A<span class=\"_ _3\"></span>mbiente d<span class=\"_ _3\"></span>el Parlamento<span class=\"_ _3\"></span> Europ<span class=\"_ _3\"></span>eo </span>y las MTD conforme a la Directiv<span class=\"_ _3\"></span>a 2010/75/UE para <span class=\"_ _3\"></span>las grandes instalacion<span class=\"_ _3\"></span>es de combusti\u00f3n (GIC) en 2017<span class=\"_ _f\"></span><span class=\"ls13\">. </span> Todas las <span class=\"_ _d\"></span>plantas<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>industriales <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _2\"></span>cuentan con <span class=\"_ _d\"></span>su Autorizaci\u00f3n <span class=\"_ _d\"></span>Ambiental Integrada <span class=\"_ _2\"></span>(AAI) <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>Autorizaci\u00f3n Sectorial, <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>se establecen <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>condiciones para <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>operaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>instalaci\u00f3n desde <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>pu<span class=\"_ _3\"></span>nto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>vista ambiental. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>autorizaciones <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>fijan <span class=\"_ _f\"></span>tambi\u00e9n <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>valores <span class=\"_ _f\"></span>l\u00edmites <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>emisi\u00f3n, <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>planes <span class=\"_ _f\"></span>de vigilancia <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>todos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>pectos <span class=\"_ _3\"></span>ambientales <span class=\"_ _f\"></span>relevantes. <span class=\"_ _f\"></span>Ence <span class=\"_ _f\"></span>pone <span class=\"_ _3\"></span>todas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>medidas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>alcance <span class=\"_ _3\"></span>para cumplir <span class=\"_ _17\"> </span>e <span class=\"_ _15\"> </span>inclus<span class=\"_ _3\"></span>o <span class=\"_ _17\"> </span>mejorar <span class=\"_ _15\"> </span>esto<span class=\"_ _3\"></span>s <span class=\"_ _17\"> </span>valores <span class=\"_ _15\"> </span>l\u00edmite <span class=\"_ _17\"> </span>fijados <span class=\"_ _17\"> </span>por <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>AAI <span class=\"_ _17\"> </span>e <span class=\"_ _15\"> </span>informa <span class=\"_ _17\"> </span>peri<span class=\"_ _f\"></span>\u00f3dicamente <span class=\"_ _15\"> </span>a <span class=\"_ _17\"> </span>las administraciones  correspondientes  de  su  e<span class=\"_ _2\"></span>voluci\u00f3n.  Las  AAI <span class=\"_ _13\"> </span>de  las <span class=\"_ _13\"> </span>plantas  de  Ence <span class=\"_ _13\"> </span>est\u00e1n  disponibles p\u00fablicamente en los registro<span class=\"_ _3\"></span>s de las corresp<span class=\"_ _3\"></span>ondientes comunidad<span class=\"_ _3\"></span>es aut\u00f3nomas. <span class=\"_ _3\"></span> Modelo y sistema de gesti\u00f3n<span class=\"_ _3\"></span> ambiental<span class=\"_ _3\"></span> Los  principios  de <span class=\"_ _13\"> </span>gesti\u00f3n  ambiental  de <span class=\"_ _13\"> </span>Ence  est\u00e1n <span class=\"_ _13\"> </span>recogidos  en  la <span class=\"_ _13\"> </span>Pol\u00edtica  de <span class=\"_ _13\"> </span>medio  ambiente  de <span class=\"_ _13\"> </span>la compa\u00f1\u00eda, que tiene p<span class=\"_ _3\"></span>or objeto mejorar su d<span class=\"_ _3\"></span>esempe\u00f1o m\u00e1s all\u00e1 del cumplimiento de la n<span class=\"_ _3\"></span>ormativa vigente, aplicando <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>principio<span class=\"_ _3\"></span>s de <span class=\"_ _3\"></span>prevenci\u00f3n,<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>recauci\u00f3n <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ejora <span class=\"_ _3\"></span>continua. <span class=\"_ _3\"></span>En<span class=\"_ _3\"></span> es<span class=\"_ _3\"></span>te s<span class=\"_ _3\"></span>entido, desde <span class=\"_ _3\"></span>hace <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>de 15 a\u00f1os, <span class=\"_ _2\"></span>Ence aplica <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>modelo T<span class=\"_ _2\"></span>QM (Total <span class=\"_ _2\"></span>Quality Management) <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>est\u00e1ndar de transformaci\u00f3n <span class=\"_ _2\"></span>cultural y <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>gesti\u00f3n, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>abo<span class=\"_ _3\"></span>rda <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>forma <span class=\"_ _10\"></span>integrada <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>pectos <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>sos<span class=\"_ _3\"></span>tenibilidad, <span class=\"_ _10\"></span>calidad, <span class=\"_ _0\"></span>seguridad <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>salu<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span><span class=\"ls19\">, </span>respeto <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>medio <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>mbiente <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>prevenci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>contaminaci<span class=\"_ _3\"></span>\u00f3n. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Biof\u00e1b<span class=\"_ _3\"></span>rica <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Nav<span class=\"_ _3\"></span>ia <span class=\"_ _f\"></span>fue galardonada <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Premio \u201c<span class=\"_ _3\"></span>Quality <span class=\"_ _3\"></span>Innovation<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Award\u201d <span class=\"_ _3\"></span>en s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>fase <span class=\"_ _3\"></span>internacional, <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>aplicaci\u00f3n de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>erramientas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mejora <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tinua <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>mejora <span class=\"_ _f\"></span>ambiental <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>alcanzar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>licencia <span class=\"_ _f\"></span>social p<span class=\"_ _3\"></span>ara <span class=\"_ _3\"></span>operar, ya hab\u00eda sido ga<span class=\"_ _3\"></span>lardonada con este premio en la fas<span class=\"_ _3\"></span>e nacional <span class=\"_ _3\"></span>durante el a\u00f1o 2024.<span class=\"_ _f\"></span> En <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>marco <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>mod<span class=\"_ _3\"></span>elo, <span class=\"_ _0\"></span>anualmente <span class=\"_ _10\"></span>se <span class=\"_ _f\"></span>esta<span class=\"_ _3\"></span>blecen <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _0\"></span>serie <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Ob<span class=\"_ _3\"></span>jetivos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>M<span class=\"_ _3\"></span>ejora <span class=\"_ _0\"></span>Fund<span class=\"_ _3\"></span>amental (OMF) orientados<span class=\"_ _3\"></span> a mejorar los distin<span class=\"_ _3\"></span>tos vectores ambientales:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Re<span class=\"_ _2\"></span>ducci\u00f3n del impacto o<span class=\"_ _3\"></span>loroso<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Re<span class=\"_ _2\"></span>ducci\u00f3n del impacto a<span class=\"_ _3\"></span>c\u00fastico<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Re<span class=\"_ _2\"></span>ducci\u00f3n del impacto <span class=\"_ _3\"></span>en la calidad d<span class=\"_ _3\"></span>el aire </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Re<span class=\"_ _2\"></span>ducci\u00f3n del impacto d<span class=\"_ _3\"></span>e nuestros<span class=\"_ _3\"></span> vertidos </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Me<span class=\"_ _2\"></span>jora de la eficiencia <span class=\"_ _3\"></span>energ\u00e9tica<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Re<span class=\"_ _2\"></span>ducci\u00f3n del cons<span class=\"_ _3\"></span>umo de agua<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Re<span class=\"_ _2\"></span>ducci\u00f3n del cons<span class=\"_ _3\"></span>umo de materias p<span class=\"_ _3\"></span>rimas </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Re<span class=\"_ _2\"></span>ducci\u00f3n en la genera<span class=\"_ _3\"></span>ci\u00f3n de residuos<span class=\"_ _3\"></span> y aumento de los<span class=\"_ _3\"></span> ratios de valorizaci\u00f3n<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Me<span class=\"_ _2\"></span>jora de la gobern<span class=\"_ _3\"></span>anza de los Sis<span class=\"_ _3\"></span>temas de Gesti\u00f3n <span class=\"_ _3\"></span> </span></span>Dentro <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>es<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>modelo <span class=\"_ _10\"> </span>TQM<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>han <span class=\"_ _10\"> </span>desarrollad<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>est\u00e1ndares<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>operativos <span class=\"_ _10\"> </span>(p<span class=\"_ _3\"></span>rocedimientos, <span class=\"_ _13\"> </span>etc.) <span class=\"_ _10\"> </span>qu<span class=\"_ _3\"></span>e permiten el control y<span class=\"_ _3\"></span> la gesti\u00f3n de los p<span class=\"_ _3\"></span>otenciales impactos ambientales. <span class=\"_ _f\"></span> 118<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 Certificaciones ambientales<span class=\"_ _3\"></span> El <span class=\"_ _13\"> </span>Sistema <span class=\"_ _10\"> </span>Integrado <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>Gesti\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>Ence, <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>incluye <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>gesti\u00f3n <span class=\"_ _13\"> </span>medioambiental, <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>ha <span class=\"_ _10\"> </span>certificado <span class=\"_ _13\"> </span>de acuerdo con las<span class=\"_ _3\"></span> siguientes normas internacio<span class=\"_ _3\"></span>nales:<span class=\"_ _3\"></span> <table class=\"s w46f h213\" id=\"_ce082f3b-51db-4d22-8a36-36ce46ef9469\"><tr><td></td><td class=\"c x6bc y15ab w470 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">ISO 45001</div></td><td class=\"c x6bd y15ac w471 h214\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">ISO<span class=\"_ _65\"> </span></div></td><td class=\"c x6be y15ab w471 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">ISO</div></td><td class=\"c x6bf y15ab w470 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">ISO 50001<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6c0 y15ab w472 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">ISO  22001<span class=\"_ _65\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1c5 y15ad w19 hd6\"><div class=\"t_1 m0_1 x10 h10 y918 ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Centro </div></td><td class=\"c x6bc y15ae w473 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Seguridad</div></td><td class=\"c x6c1 y15af w474 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls4 ws0_1\">14001</div></td><td class=\"c x6c2 y15ae w475 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls4 ws0_1\">9001</div></td><td class=\"c x6c3 y15ae w476 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Eficiencia<span class=\"_ _65\"> </span></div></td><td class=\"c x6c4 y15ad w211 hd6\"><div class=\"t_1 m0_1 x10 h10 y918 ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">EMAS </div></td><td class=\"c x6c5 y15af w477 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Residuo</div></td><td class=\"c x6c6 y15af w478 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Nordic</div></td><td class=\"c x6c7 y15af w479 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls43 ws0_1\">EU</div></td><td class=\"c x6c0 y15ae w47a h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Seguridad</div></td><td class=\"c x6c8 y15af w47b h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Sure</div></td><td class=\"c x6c9 y15af w47c h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">ISCC<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x6ca y15b0 w47d h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">y Salud</div></td><td class=\"c x6c1 y15b1 w47e h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Medio</div></td><td class=\"c x6cb y15b0 w47f h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Calidad</div></td><td class=\"c x6cc y15b0 w480 h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">energ\u00e9tica<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x6ce y15b1 w481 h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Cero</div><div class=\"t_1 m0_1 x6cd h126 y15b2 ff2 fsc fcb sc0_1 ls0_1 ws0_1\">(1)</div></td><td class=\"c x6cf y15b1 w482 h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Swan</div></td><td class=\"c x6d0 y15b1 w483 h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">Ecolabel</div></td><td class=\"c x6d1 y15b0 w484 h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">alimentaria</div></td><td class=\"c x6d3 y15b1 w485 h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">System</div><div class=\"t_1 m0_1 x6d2 h126 y15b2 ff2 fsc fcb sc0_1 ls0_1 ws0_1\">(2)</div></td><td class=\"c x6d4 y15b1 w485 h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">System</div><div class=\"t_1 m0_1 x6d2 h126 y15b2 ff2 fsc fcb sc0_1 ls0_1 ws0_1\">(3)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y15b3 w486 h215\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Biof\u00e1brica<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x6d5 y15b4 w487 h150\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fcb sc0_1 ls0_1 ws0_1\">ambiente<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15b5 w488 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x6d6 y15b6 w20d ha8\"><div class=\"t_1 m0_1 x2f h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d7 y15b6 w20e ha8\"><div class=\"t_1 m0_1 x19 h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d8 y15b6 w20f ha8\"><div class=\"t_1 m0_1 x86 h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d9 y15b6 w210 ha8\"><div class=\"t_1 m0_1 xc h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6c4 y15b6 w211 ha8\"><div class=\"t_1 m0_1 x2a h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6da y15b6 w212 ha8\"><div class=\"t_1 m0_1 x1_1 h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6db y15b6 w213 ha8\"><div class=\"t_1 m0_1 xe h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6dc y15b6 w1a0 ha8\"><div class=\"t_1 m0_1 x2b h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6dd y15b6 w214 ha8\"><div class=\"t_1 m0_1 x2_1 h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713 </div></td><td class=\"c x6de y15b6 w215 ha8\"><div class=\"t_1 m0_1 x2b h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y15b7 w489 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pontevedr<span class=\"_ _2\"></span>a<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15b8 w486 h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Biof\u00e1brica<span class=\"_ _65\"> </span></div></td><td class=\"c x6d6 y15b9 w20d h2c\"><div class=\"t_1 m0_1 x2f h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d7 y15b9 w20e h2c\"><div class=\"t_1 m0_1 x19 h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d8 y15b9 w20f h2c\"><div class=\"t_1 m0_1 x86 h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d9 y15b9 w210 h2c\"><div class=\"t_1 m0_1 xc h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6c4 y15b9 w211 h2c\"><div class=\"t_1 m0_1 x2a h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6da y15b9 w212 h2c\"><div class=\"t_1 m0_1 x1_1 h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6db y15b9 w213 h2c\"><div class=\"t_1 m0_1 xe h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6dc y15b9 w1a0 h2c\"><div class=\"t_1 m0_1 x2b h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6dd y15b9 w214 h2c\"><div class=\"t_1 m0_1 x2_1 h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713 </div></td><td class=\"c x6de y15b9 w215 h2c\"><div class=\"t_1 m0_1 x2b h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y15ba w48a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">de Navia<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15bb w48b h215\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Complejo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15bc w48c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00e9tic<span class=\"_ _2\"></span>o<span class=\"_ _65\"> </span></div></td><td class=\"c x6d6 y15bd w20d ha8\"><div class=\"t_1 m0_1 x2f h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d7 y15bd w20e ha8\"><div class=\"t_1 m0_1 x19 h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d8 y15bd w20f ha8\"><div class=\"t_1 m0_1 x86 h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td><td></td><td class=\"c x6da y15bd w212 ha8\"><div class=\"t_1 m0_1 x1_1 h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6db y15bd w213 ha8\"><div class=\"t_1 m0_1 x31 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td class=\"c x6dc y15bd w1a0 ha8\"><div class=\"t_1 m0_1 xe hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td></td><td class=\"c x6de y15bd w215 ha8\"><div class=\"t_1 m0_1 x2b h127 y116 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y15be w48d h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">de Huelva<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15bf w48e h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Planta de<span class=\"_ _65\"> </span></div></td><td class=\"c x6d6 y15c0 w20d h2c\"><div class=\"t_1 m0_1 x2f h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d7 y15c0 w20e h2c\"><div class=\"t_1 m0_1 x19 h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6da y15c0 w212 h2c\"><div class=\"t_1 m0_1 x1_1 h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6db y15c0 w213 h2c\"><div class=\"t_1 m0_1 x31 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td class=\"c x6dc y15c0 w1a0 h2c\"><div class=\"t_1 m0_1 xe hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td></td><td class=\"c x6de y15c0 w215 h2c\"><div class=\"t_1 m0_1 x2b h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y15c1 w48f h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">M\u00e9rida<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15c2 w48e h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Planta de<span class=\"_ _65\"> </span></div></td><td class=\"c x6d6 y15c3 w20d h2c\"><div class=\"t_1 m0_1 x2f h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d7 y15c3 w20e h2c\"><div class=\"t_1 m0_1 x19 h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6da y15c3 w212 h2c\"><div class=\"t_1 m0_1 x1_1 h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6db y15c3 w213 h2c\"><div class=\"t_1 m0_1 x31 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td class=\"c x6dc y15c3 w1a0 h2c\"><div class=\"t_1 m0_1 xe hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td></td><td class=\"c x6de y15c3 w215 h2c\"><div class=\"t_1 m0_1 x2b h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y15c4 w490 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Lucena<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15c5 w48e h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Planta de<span class=\"_ _65\"> </span></div></td><td class=\"c x6d6 y15c6 w20d h2c\"><div class=\"t_1 m0_1 x2f h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d7 y15c6 w20e h2c\"><div class=\"t_1 m0_1 x19 h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6da y15c6 w212 h2c\"><div class=\"t_1 m0_1 x1_1 h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6db y15c6 w213 h2c\"><div class=\"t_1 m0_1 x31 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td class=\"c x6dc y15c6 w1a0 h2c\"><div class=\"t_1 m0_1 xe hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td></td><td class=\"c x6de y15c6 w215 h2c\"><div class=\"t_1 m0_1 x2b h127 y729 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y15c7 w491 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Enemansa<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15c8 w48e h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Planta de<span class=\"_ _65\"> </span></div></td><td class=\"c x6d6 y15c9 w20d h2c\"><div class=\"t_1 m0_1 x2f h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d7 y15c9 w20e h2c\"><div class=\"t_1 m0_1 x19 h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6da y15c9 w212 h2c\"><div class=\"t_1 m0_1 x1_1 h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6db y15c9 w213 h2c\"><div class=\"t_1 m0_1 x31 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td class=\"c x6dc y15c9 w1a0 h2c\"><div class=\"t_1 m0_1 xe hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td></td><td class=\"c x6de y15c9 w215 h2c\"><div class=\"t_1 m0_1 x2b h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y15ca w492 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">La Loma<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15cb w48e h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Planta de<span class=\"_ _65\"> </span></div></td><td class=\"c x6d6 y15cc w20d h2c\"><div class=\"t_1 m0_1 x2f h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6d7 y15cc w20e h2c\"><div class=\"t_1 m0_1 x19 h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6da y15cc w212 h2c\"><div class=\"t_1 m0_1 x1_1 h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td class=\"c x6db y15cc w213 h2c\"><div class=\"t_1 m0_1 x31 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td class=\"c x6dc y15cc w1a0 h2c\"><div class=\"t_1 m0_1 xe hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td></td><td class=\"c x6de y15cc w215 h2c\"><div class=\"t_1 m0_1 x2b h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713<span class=\"ff5 sc0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y15cd w493 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Biollan<span class=\"_ _2\"></span>o<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y15ce w494 h216\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Planta La<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x6db y15cf w213 h2c\"><div class=\"t_1 m0_1 x31 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td class=\"c x6dc y15cf w1a0 h2c\"><div class=\"t_1 m0_1 xe hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">N/A </div></td><td></td><td></td><td class=\"c x6df y15cf w87 h2c\"><div class=\"t_1 m0_1 x2b h127 y919 fff fs5 fcc sc1 ls0_1 ws0_1\">\u2713 </div></td></tr><tr><td class=\"c x1ca yfd5 w495 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Galera<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>(1) La cer<span class=\"_ _2\"></span>tificaci\u00f3n Residuo<span class=\"_ _2\"></span> Cero de Aenor ce<span class=\"_ _2\"></span>rtifica que al meno<span class=\"_ _2\"></span>s el 90% de los r<span class=\"_ _2\"></span>esiduos generado<span class=\"_ _2\"></span>s se reciclan o valor<span class=\"_ _2\"></span>izan. (2) <span class=\"_ _0\"></span>La <span class=\"_ _0\"> </span>certificaci\u00f3n <span class=\"_ _f\"></span>S<span class=\"_ _3\"></span>URE <span class=\"_ _0\"></span>de <span class=\"_ _0\"> </span>sostenibilida<span class=\"_ _2\"></span>d <span class=\"_ _0\"> </span>de <span class=\"_ _10\"> </span>l<span class=\"_ _2\"></span>a <span class=\"_ _0\"> </span>biomasa <span class=\"_ _0\"> </span>g<span class=\"_ _3\"></span>arantiza <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>cumplimient<span class=\"_ _2\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"> </span>los <span class=\"_ _0\"> </span>requisitos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>Dir<span class=\"_ _2\"></span>ectiva <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Ener<span class=\"_ _3\"></span>g\u00edas Renovabl<span class=\"_ _2\"></span>es (UE) 2018/2001. (3) <span class=\"_ _0\"></span>La <span class=\"_ _0\"> </span>certificaci\u00f3n <span class=\"_ _0\"> </span>ISCC <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>sostenibilidad <span class=\"_ _f\"></span>del <span class=\"_ _10\"> </span>biomet<span class=\"_ _2\"></span>ano <span class=\"_ _0\"></span>garantiza <span class=\"_ _10\"> </span>el<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>cu<span class=\"_ _3\"></span>mplimiento<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>de <span class=\"_ _10\"> </span>lo<span class=\"_ _2\"></span>s <span class=\"_ _10\"> </span>re<span class=\"_ _2\"></span>quisitos <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>la <span class=\"_ _0\"></span>Directiva <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Ener<span class=\"_ _3\"></span>g\u00edas Renovabl<span class=\"_ _2\"></span>es (UE) 2018/2001.<span class=\"ff4\"> </span>Este sistema est\u00e1<span class=\"_ _3\"></span> certificado por organismos<span class=\"_ _3\"></span> acreditados que llevan a<span class=\"_ _3\"></span> cabo anualmente au<span class=\"_ _3\"></span>ditor\u00edas. <span class=\"_ _3\"></span> Avanzando hacia la econ<span class=\"_ _3\"></span>om\u00eda circular<span class=\"_ _3\"></span> Ence contrib<span class=\"_ _3\"></span>uye a av<span class=\"_ _3\"></span>anzar hacia una <span class=\"_ _3\"></span>econom\u00eda circular <span class=\"_ _3\"></span>poniendo en <span class=\"_ _3\"></span>el mercado p<span class=\"_ _3\"></span>roductos pro<span class=\"_ _3\"></span>cedentes de fuentes <span class=\"_ _3\"></span>renovab<span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>asta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>celulosa,<span class=\"_ _3\"></span> q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>clientes <span class=\"_ _3\"></span>utilizan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>vez <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>fabricar <span class=\"_ _3\"></span>producto<span class=\"_ _3\"></span>s finales <span class=\"_ _3\"></span>reciclabl<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>biod<span class=\"_ _3\"></span>egradables, <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>potencialmente <span class=\"_ _f\"></span>alternativos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>pl\u00e1sticos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>uso. <span class=\"_ _f\"></span>Adem\u00e1s, <span class=\"_ _3\"></span>en t\u00e9rminos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>renov<span class=\"_ _3\"></span>able <span class=\"_ _3\"></span>(el\u00e9ctrica <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>t\u00e9rmica), <span class=\"_ _f\"></span>ofrece <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>soluci\u00f3n <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>gesti\u00f3n <span class=\"_ _3\"></span>de restos <span class=\"_ _d\"></span>agr\u00edcola<span class=\"_ _3\"></span>s <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>forestales, <span class=\"_ _d\"></span>valorizand<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>la <span class=\"_ _d\"></span>b<span class=\"_ _3\"></span>iomasa <span class=\"_ _d\"></span>para <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>generaci\u00f3n <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>energ\u00eda <span class=\"_ _2\"></span>renov<span class=\"_ _3\"></span>able <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>circularizand<span class=\"_ _3\"></span>o estos sectores t<span class=\"_ _3\"></span>an relevantes para el medio rural. <span class=\"_ _f\"></span> Adem\u00e1s, <span class=\"_ _2\"></span>el m<span class=\"_ _2\"></span>odelo de <span class=\"_ _d\"></span>n<span class=\"_ _3\"></span>egocio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>biofertilizantes y <span class=\"_ _d\"></span>biom<span class=\"_ _3\"></span>etano es <span class=\"_ _d\"></span>otro<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>ejemplo <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>econom\u00eda circular <span class=\"_ _d\"></span>bas<span class=\"_ _3\"></span>ado en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>eaprovechamiento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>restos <span class=\"_ _f\"></span>agroganad<span class=\"_ _3\"></span>eros. <span class=\"_ _f\"></span>Por <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>lado, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>trans<span class=\"_ _3\"></span>formaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>stos <span class=\"_ _f\"></span>restos <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>gas renovable <span class=\"_ _17\"> </span>(biom<span class=\"_ _3\"></span>etano) <span class=\"_ _17\"> </span>para <span class=\"_ _17\"> </span>s<span class=\"_ _3\"></span>u <span class=\"_ _17\"> </span>inyecci\u00f3n <span class=\"_ _17\"> </span>a <span class=\"_ _1a\"> </span>la <span class=\"_ _17\"> </span>red<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>contrib<span class=\"_ _3\"></span>uye <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>d<span class=\"_ _3\"></span>escarbonizaci\u00f3n<span class=\"_ _3\"></span>. <span class=\"_ _17\"> </span>Por <span class=\"_ _17\"> </span>otro,<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>el biofertilizante <span class=\"_ _f\"></span>generado <span class=\"_ _f\"></span>supone <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>soluci\u00f3n <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>problema <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>suelos <span class=\"_ _f\"></span>altamente <span class=\"_ _f\"></span>nitrificados <span class=\"_ _f\"></span>contaminad<span class=\"_ _3\"></span>os por el <span class=\"_ _2\"></span>uso intensivo <span class=\"_ _2\"></span>de f<span class=\"_ _2\"></span>ertilizantes qu\u00edmicos, generando un <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor a\u00f1adido e<span class=\"_ _2\"></span>n las <span class=\"_ _2\"></span>zonas rur<span class=\"_ _2\"></span>ales, fomentan<span class=\"_ _3\"></span>do<span class=\"_ _3\"></span> pr\u00e1cticas agr\u00edcolas m\u00e1s<span class=\"_ _3\"></span> sostenibles y redu<span class=\"_ _3\"></span>ciendo la dependencia de fertilizantes d<span class=\"_ _3\"></span>e origen f\u00f3sil.<span class=\"_ _f\"></span> Por <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>parte, <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>sigue <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>ostando <span class=\"_ _10\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _10\"></span>diversificaci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>desarro<span class=\"_ _3\"></span>llo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>nuevos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>modelos <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>egocio circulares. Un ejemplo destacado es el Proyecto de As <span class=\"_ _2\"></span>Pontes, centrado en la producci\u00f3n de pasta reciclada blanqueada <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>partir <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>apel <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>cart\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _10\"></span>recuperados<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>eliminando <span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>dependencia <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>madera <span class=\"_ _10\"> </span>como materia prima. Otro e<span class=\"_ _2\"></span>jemplo es el desarrollo de proyectos para la <span class=\"_ _2\"></span>generaci\u00f3n de combustibles renovables a 119<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 partir del CO2 biog\u00e9nico pro<span class=\"_ _3\"></span>cedente de la generaci\u00f3n de electricidad a<span class=\"_ _3\"></span> partir de biomas<span class=\"_ _3\"></span>a. El CO\u2082 biog\u00e9nico, lejos <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>ser <span class=\"_ _f\"></span>un <span class=\"_ _0\"></span>residuo, <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>ca<span class=\"_ _3\"></span>ptura <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>convierte <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>materia <span class=\"_ _f\"></span>prima <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>fabrica<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>biocombus<span class=\"_ _3\"></span>tibles, contribuyendo<span class=\"_ _3\"></span> as\u00ed a cerrar ciclos pro<span class=\"_ _3\"></span>ductiv<span class=\"_ _3\"></span>os y reducir la dependencia de combus<span class=\"_ _3\"></span>tibles f\u00f3siles<span class=\"_ _3\"></span> Ence <span class=\"_ _2\"></span>aplica <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>principios <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>econom\u00eda <span class=\"_ _d\"></span>circular e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>sus <span class=\"_ _d\"></span>pro<span class=\"_ _3\"></span>pios <span class=\"_ _d\"></span>proceso<span class=\"_ _3\"></span>s <span class=\"_ _d\"></span>productivos<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>buscand<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>alternat<span class=\"_ _3\"></span>ivas para <span class=\"_ _3\"></span>reducir <span class=\"_ _f\"></span>el cons<span class=\"_ _3\"></span>umo <span class=\"_ _3\"></span>esp<span class=\"_ _3\"></span>ec\u00edfico <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>materiales<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>especialmente <span class=\"_ _f\"></span>el agu<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>minimiz<span class=\"_ _3\"></span>ar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>generaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y recuperar la mayor <span class=\"_ _3\"></span>cantidad pos<span class=\"_ _3\"></span>ible de resid<span class=\"_ _3\"></span>uos. Por ello, s<span class=\"_ _3\"></span>e est\u00e1 trabajan<span class=\"_ _3\"></span>do en la valo<span class=\"_ _3\"></span>rizaci\u00f3n de residuos<span class=\"_ _3\"></span> como <span class=\"_ _3\"></span>lodos <span class=\"_ _3\"></span>calizos, <span class=\"_ _3\"></span>escorias<span class=\"_ _3\"></span> o <span class=\"_ _3\"></span>cenizas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>convirti\u00e9ndolos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>subprod<span class=\"_ _3\"></span>uctos <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>encontrando <span class=\"_ _3\"></span>nichos <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>dar <span class=\"_ _3\"></span>un nuevo <span class=\"_ _2\"></span>uso <span class=\"_ _d\"></span>a e<span class=\"_ _2\"></span>stas <span class=\"_ _2\"></span>materias <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>rimas <span class=\"_ _d\"></span>secundar<span class=\"_ _3\"></span>ias <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>participando <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>proyectos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>invest<span class=\"_ _3\"></span>igaci\u00f3n <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>des<span class=\"_ _3\"></span>arrollar nuevos <span class=\"_ _10\"> </span>produ<span class=\"_ _3\"></span>ctos <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>lograr <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>clasificaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>subprod<span class=\"_ _3\"></span>ucto <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>residuos <span class=\"_ _10\"> </span>generados <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>plantas <span class=\"_ _10\"> </span>de energ\u00eda. En cu<span class=\"_ _3\"></span>anto al <span class=\"_ _3\"></span>desempe\u00f1o <span class=\"_ _3\"></span>en e<span class=\"_ _3\"></span>conom\u00eda circular, <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> biof\u00e1bric<span class=\"_ _3\"></span>as y<span class=\"_ _3\"></span> las <span class=\"_ _3\"></span>plantas <span class=\"_ _3\"></span>de generaci\u00f3n<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>electricidad <span class=\"_ _3\"></span>a partir de biomasas cuentan con e<span class=\"_ _2\"></span>l certificado Residuo Cero <span class=\"_ _2\"></span>de AENOR, que certifica que <span class=\"_ _2\"></span>al menos el 90%<span class=\"_ _2\"></span> de los <span class=\"_ _3\"></span>residuo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>generados <span class=\"_ _f\"></span>se reciclan <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>valori<span class=\"_ _3\"></span><span class=\"ff6\">zan. <span class=\"_ _3\"></span>Adem\u00e1s, <span class=\"_ _f\"></span>Magnon <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>certificaci<span class=\"_ _3\"></span>\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>\u201c<span class=\"_ _3\"></span>Estrategia </span>de <span class=\"_ _13\"> </span>Econom\u00eda  Circular\u201d <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>A<span class=\"_ _2\"></span>ENOR  que <span class=\"_ _13\"> </span>demuestra <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>circularid<span class=\"_ _3\"></span>ad <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>modelo <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>negocio <span class=\"_ _13\"> </span>basado <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el aprovechamiento de resid<span class=\"_ _3\"></span>uos agr\u00edcolas y<span class=\"_ _3\"></span> forestales para la generaci\u00f3n de en<span class=\"_ _3\"></span>erg\u00eda (electricida<span class=\"_ _3\"></span>d o <span class=\"_ _3\"></span>calo<span class=\"_ _3\"></span>r). Para m\u00e1s informaci\u00f3n, co<span class=\"_ _3\"></span>nsultar la s<span class=\"_ _3\"></span>ecci\u00f3n \u201cEconom\u00eda Circular\u201d del In<span class=\"_ _3\"></span>forme de Sostenibili<span class=\"_ _3\"></span>dad.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Mitigaci\u00f3n del camb<span class=\"_ _3\"></span>io clim\u00e1tico y huella de c<span class=\"_ _3\"></span>arbono Ence contrib<span class=\"_ _3\"></span>uye a mitigar <span class=\"_ _3\"></span>el cambio <span class=\"_ _3\"></span>clim\u00e1tico a <span class=\"_ _3\"></span>trav\u00e9s de <span class=\"_ _3\"></span>su propio <span class=\"_ _3\"></span>modelo de <span class=\"_ _3\"></span>negocio ya q<span class=\"_ _3\"></span>ue, gracias a <span class=\"_ _3\"></span>su actividad de generaci\u00f3n de energ\u00eda <span class=\"_ _2\"></span>renovable (electricidad, biometano y energ\u00eda t\u00e9rmica renovable), apoya la <span class=\"_ _3\"></span>transici\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>modelo <span class=\"_ _3\"></span>energ\u00e9tico <span class=\"_ _3\"></span>espa\u00f1ol<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>aporta <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>generad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>biomasa que <span class=\"_ _13\"> </span>no <span class=\"_ _10\"> </span>solo <span class=\"_ _13\"> </span>es <span class=\"_ _10\"> </span>renovable, <span class=\"_ _13\"> </span>sino <span class=\"_ _10\"> </span>que <span class=\"_ _13\"> </span>adem\u00e1s <span class=\"_ _10\"> </span>es <span class=\"_ _13\"> </span>gestionable, <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>factor <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>otras <span class=\"_ _13\"> </span>tecnolog\u00edas <span class=\"_ _13\"> </span>de generaci\u00f3n <span class=\"_ _13\"> </span>renovable  no <span class=\"_ _13\"> </span>cuentan. <span class=\"_ _13\"> </span>Adicionalmente, <span class=\"_ _13\"> </span>este  aprovechamiento <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>biomasa  excedentari<span class=\"_ _3\"></span><span class=\"ls44\">a </span>representa <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>alternativa <span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>erg\u00e9tica <span class=\"_ _3\"></span>sostenible <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>grand<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>ventajas <span class=\"_ _3\"></span>medioambi<span class=\"_ _3\"></span>entales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>reducci\u00f3n <span class=\"_ _3\"></span>de emisiones <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>contrib<span class=\"_ _3\"></span>uci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>nsici\u00f3n <span class=\"_ _f\"></span>hacia <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>modelo <span class=\"_ _3\"></span>energ\u00e9tico <span class=\"_ _f\"></span>bajo <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>carbono, <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>l\u00ednea <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>las directrices de Naciones Unid<span class=\"_ _3\"></span>as, la Un<span class=\"_ _3\"></span>i\u00f3n Europ<span class=\"_ _3\"></span>ea y con la pol\u00edtica energ\u00e9tica esp<span class=\"_ _3\"></span>a\u00f1ola.<span class=\"_ _3\"></span> Por otra <span class=\"_ _2\"></span>parte, con <span class=\"_ _2\"></span>su negocio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>producci\u00f3n de ce<span class=\"_ _2\"></span>lulosa, Ence <span class=\"_ _2\"></span>contribuye a cambiar <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>modelo de <span class=\"_ _2\"></span>consumo de <span class=\"_ _3\"></span>la s<span class=\"_ _3\"></span>ociedad, <span class=\"_ _3\"></span>ofreciendo <span class=\"_ _3\"></span>alternativas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>renovables, <span class=\"_ _3\"></span>reciclables <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>menor <span class=\"_ _3\"></span>huella <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>carbono <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>ductos como los pl\u00e1stico<span class=\"_ _3\"></span>s. Adem\u00e1s <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>contribuci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>trav\u00e9s <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>propio <span class=\"_ _f\"></span>modelo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mpa\u00f1\u00eda, <span class=\"_ _f\"></span>Ence <span class=\"_ _f\"></span>tambi\u00e9n <span class=\"_ _f\"></span>trabaja para <span class=\"_ _f\"></span>reducir <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>emisiones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>gas<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>efecto <span class=\"_ _f\"></span>invernadero <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>sus <span class=\"_ _3\"></span>operaciones. <span class=\"_ _f\"></span>Para <span class=\"_ _3\"></span>ello, <span class=\"_ _f\"></span>Ence <span class=\"_ _3\"></span>cuenta <span class=\"_ _f\"></span>con un Plan de Descarb<span class=\"_ _3\"></span>onizaci\u00f3n <span class=\"_ _3\"></span>que incluye ambicios<span class=\"_ _3\"></span>os<span class=\"_ _3\"></span> objetivos<span class=\"_ _3\"></span> de reducci\u00f3n de emision<span class=\"_ _3\"></span>es. Los o<span class=\"_ _3\"></span>bjetivos de reducci\u00f3n <span class=\"_ _3\"></span>incluidos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>est\u00e1n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>onancia <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>el Acuerdo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Par\u00eds, <span class=\"_ _f\"></span>as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>compromisos <span class=\"_ _3\"></span>asumidos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a nivel  europeo  y  nacion<span class=\"_ _3\"></span>al,  alineados  con  el  escenario <span class=\"_ _16\"> </span>de  incremento  de  temperatura  de  1,5\u00baC.  E<span class=\"_ _3\"></span>n  la definici\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>senda <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>descarbonizaci\u00f3n, <span class=\"_ _f\"></span>Ence <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>corporado <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>principales <span class=\"_ _f\"></span>recome<span class=\"_ _2\"></span>ndaciones <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>SBTi (Science Based T<span class=\"_ _2\"></span>arget Initiative - <span class=\"_ _2\"></span>Industry near-term target). En concreto, <span class=\"_ _2\"></span>la compa\u00f1\u00eda, <span class=\"_ _2\"></span>tomando como <span class=\"_ _2\"></span>base<span class=\"_ _3\"></span> el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _f\"></span>2018, <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>fijado <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>objetivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>r<span class=\"_ _3\"></span>educir <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>55% <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>75% <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>emisiones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>alcance <span class=\"_ _f\"></span>1 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>2030 <span class=\"_ _f\"></span>y 2035, <span class=\"_ _10\"> </span>respectivamente. <span class=\"_ _13\"> </span>En <span class=\"_ _10\"> </span>cuan<span class=\"_ _3\"></span>to <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>emisiones <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>directas <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>alance <span class=\"_ _10\"></span>3, <span class=\"_ _10\"> </span>Ence <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>ha <span class=\"_ _10\"> </span>comprometido <span class=\"_ _10\"> </span>a reducirlas un 10%<span class=\"_ _2\"></span> y 15% <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>2030 y 2035, <span class=\"_ _2\"></span>respectivamente, respecto a los <span class=\"_ _2\"></span>valores de <span class=\"_ _2\"></span>2023. Adem\u00e1s de estos objetivos,  a <span class=\"_ _13\"> </span>trav\u00e9s <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la  Pol\u00edtica <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Cambio <span class=\"_ _13\"> </span>Clim\u00e1tico, <span class=\"_ _13\"> </span>Ence <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>compromete <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>alcanzar  la <span class=\"_ _10\"> </span>n<span class=\"_ _3\"></span>eutralidad clim\u00e1tica <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>2050 <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>tra<span class=\"_ _3\"></span>v\u00e9s <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>us<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>mecanismos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>mpensaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>emisiones <span class=\"_ _f\"></span>res<span class=\"_ _3\"></span>iduales <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>vez alcanzado el niv<span class=\"_ _3\"></span>el m\u00e1ximo de reducci\u00f3n.<span class=\"_ _3\"></span> En <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>marco <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>escarbonizaci\u00f3n, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>iof\u00e1brica <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Navia <span class=\"_ _f\"></span>ha <span class=\"_ _0\"></span>conseguido <span class=\"_ _f\"></span>sustituir <span class=\"_ _f\"></span>parte <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>su consumo de combus<span class=\"_ _3\"></span>tibles f\u00f3siles en los hornos de cal por biometanol, que es un biocombustible renovab<span class=\"_ _3\"></span>le obtenido a partir del tratamiento de los gases concentrados de la <span class=\"_ _2\"></span>digesti\u00f3n. Adem\u00e1s, en 2025, se <span class=\"_ _2\"></span>ha puesto 120<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 en marcha <span class=\"_ _3\"></span>la pri<span class=\"_ _3\"></span>mera fas<span class=\"_ _3\"></span>e de <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span>stituci\u00f3n <span class=\"_ _3\"></span>de combustib<span class=\"_ _3\"></span>les fosiles <span class=\"_ _3\"></span>por b<span class=\"_ _3\"></span>iomasa (serr\u00edn), <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>que h<span class=\"_ _3\"></span>a permitido<span class=\"_ _3\"></span> reducir <span class=\"_ _16\"> </span>a\u00fan <span class=\"_ _19\"> </span>m\u00e1s <span class=\"_ _16\"> </span>las <span class=\"_ _16\"> </span>emisiones <span class=\"_ _16\"> </span>directas <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>Navia. <span class=\"_ _16\"> </span>En <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>biof\u00e1brica <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>Pontevedra <span class=\"_ _16\"> </span>tambi\u00e9n <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>es<span class=\"_ _3\"></span>t\u00e1n desarrollando <span class=\"_ _f\"></span>proyectos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>misma l\u00edn<span class=\"_ _3\"></span>ea <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>obj<span class=\"_ _3\"></span>etivo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>reducir <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>us<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mbustibles <span class=\"_ _f\"></span>f\u00f3siles en <span class=\"_ _f\"></span>los hornos d<span class=\"_ _3\"></span>e cal.  Adem\u00e1s, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2025, <span class=\"_ _f\"></span>Ence <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>vuelto <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>certificar <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>Huella <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Carbono <span class=\"_ _f\"></span>y H<span class=\"_ _3\"></span>uella <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Produ<span class=\"_ _3\"></span>cto <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>conforme <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> las <span class=\"_ _f\"></span>no<span class=\"_ _3\"></span>rmas <span class=\"_ _f\"></span>ISO14064 <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>14067. <span class=\"_ _f\"></span>Destacar,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>asimismo, <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>2025, <span class=\"_ _0\"></span>Ence <span class=\"_ _f\"></span>ins<span class=\"_ _3\"></span>cribi\u00f3 <span class=\"_ _f\"></span>nuevamente <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>huella <span class=\"_ _f\"></span>de carbono de 2024 en <span class=\"_ _2\"></span>el registro voluntario del Minist<span class=\"_ _3\"></span>erio para la <span class=\"_ _2\"></span>Transici\u00f3n Ecol\u00f3gica y el Reto <span class=\"_ _2\"></span>Demogr\u00e1fico, obteniendo por cu<span class=\"_ _3\"></span>arto a\u00f1o consecutivo el s<span class=\"_ _3\"></span>ello \"Calculo y reduzco\".<span class=\"_ _f\"></span> Para m\u00e1s informaci\u00f3n, co<span class=\"_ _3\"></span>nsultar la s<span class=\"_ _3\"></span>ecci\u00f3n \u201cCambio Clim\u00e1tico\u201d d<span class=\"_ _3\"></span>el Informe de Sostenib<span class=\"_ _3\"></span>ilidad.<span class=\"_ _f\"></span><span class=\"ff3\"> </span>Biodiversidad En <span class=\"_ _10\"> </span>2024 <span class=\"_ _10\"> </span>Ence <span class=\"_ _10\"> </span>aprob\u00f3 <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>Pol\u00edtica <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Biodiversidad<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _10\"> </span>su <span class=\"_ _10\"> </span>primer <span class=\"_ _10\"></span>Plan <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Biodiversidad <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>objetivo <span class=\"_ _10\"> </span>de preservar y <span class=\"_ _d\"></span>promover la <span class=\"_ _d\"></span>b<span class=\"_ _3\"></span>iodiversidad<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>\u00e1reas f<span class=\"_ _2\"></span>orestales que <span class=\"_ _2\"></span>gestiona <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>compa\u00f1\u00eda. El <span class=\"_ _2\"></span>Plan <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>concentra en <span class=\"_ _0\"></span>cuatro <span class=\"_ _0\"></span>\u00e1r<span class=\"_ _3\"></span>eas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actuaci\u00f3n: <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>protecci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>biodiv<span class=\"_ _3\"></span>ersidad <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Red <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>\u00c1reas <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>Conservaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>del patrimonio, la mejora de la <span class=\"_ _3\"></span>conectividad<span class=\"_ _3\"></span> entre las superficies<span class=\"_ _3\"></span> a conservar, la<span class=\"_ _3\"></span> protecci\u00f3n de la biodiversid<span class=\"_ _3\"></span>ad existente en <span class=\"_ _2\"></span>las masas forestales <span class=\"_ _2\"></span>productivas<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>y el <span class=\"_ _2\"></span>an\u00e1lisis y <span class=\"_ _2\"></span>desarrollo de <span class=\"_ _2\"></span>nuevas metod<span class=\"_ _3\"></span>olog\u00edas de puesta <span class=\"_ _2\"></span>en valor del Capital Nat<span class=\"_ _3\"></span>ural. El Plan contempla tambi\u00e9n a<span class=\"_ _3\"></span>cciones de con<span class=\"_ _3\"></span>cienciaci\u00f3n y comun<span class=\"_ _3\"></span>icaci\u00f3n.<span class=\"_ _3\"></span> Fruto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Plan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Biodiversidad <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Compa\u00f1<span class=\"_ _3\"></span>\u00eda, <span class=\"_ _3\"></span>durante <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>trab<span class=\"_ _3\"></span>ajado <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>restauraci\u00f3n <span class=\"_ _f\"></span>de \u00e1reas <span class=\"_ _3\"></span>degradadas <span class=\"_ _3\"></span>(\u2248350 <span class=\"_ _3\"></span>ha) <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>creaci\u00f3n <span class=\"_ _3\"></span>de ecoton<span class=\"_ _3\"></span>os, <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>que ha <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ermitido mejorar <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>\u00edndice <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>conectividad<span class=\"_ _3\"></span> entre <span class=\"_ _2\"></span>\u00e1reas <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>protecci\u00f3n. Adem\u00e1s, <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>han iniciado <span class=\"_ _2\"></span>actuacio<span class=\"_ _3\"></span>nes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>lucha contra <span class=\"_ _d\"></span>esp<span class=\"_ _3\"></span>ecies <span class=\"_ _2\"></span>invasoras as\u00ed <span class=\"_ _2\"></span>como el <span class=\"_ _3\"></span>desarro<span class=\"_ _3\"></span>llo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>gramas <span class=\"_ _f\"></span>espec\u00edficos <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>protec<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>rapaces,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>poliniz<span class=\"_ _3\"></span>adores <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>quir\u00f3pteros<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>mar<span class=\"_ _3\"></span>co de la <span class=\"_ _3\"></span>Estrategia <span class=\"_ _3\"></span>2025-202<span class=\"_ _3\"></span>8. As<span class=\"_ _3\"></span>imismo, duran<span class=\"_ _3\"></span>te 2025 <span class=\"_ _3\"></span>se han<span class=\"_ _3\"></span> in<span class=\"_ _3\"></span>stalado <span class=\"_ _3\"></span>c\u00e1maras de <span class=\"_ _3\"></span>fototrampeo;<span class=\"_ _f\"></span> colocaci\u00f3n<span class=\"_ _3\"></span> de cajas nido para aves insect\u00edvoras, rapaces y colonias de abejas silvestres; e <span class=\"_ _2\"></span>instalaci\u00f3n de nidos de \u00e1guila pescadora so<span class=\"_ _3\"></span>bre estructuras de fibra de vidrio.<span class=\"_ _3\"></span> Para m\u00e1s informaci\u00f3n, co<span class=\"_ _3\"></span>nsultar la s<span class=\"_ _3\"></span>ecci\u00f3n \u201cBiodiversidad\u201d del Informe d<span class=\"_ _3\"></span>e Sostenibilidad.<span class=\"_ _f\"></span><span class=\"ff3\"> </span>Gesti\u00f3n agroforestal soste<span class=\"_ _3\"></span>nible Ence <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>primer <span class=\"_ _f\"></span>gestor <span class=\"_ _3\"></span>fore<span class=\"_ _3\"></span>stal <span class=\"_ _f\"></span>privado <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>actor <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>referencia <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>mercado <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>prod<span class=\"_ _3\"></span>uctos <span class=\"_ _f\"></span>basados <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>la madera en Espa\u00f1<span class=\"_ _3\"></span>a, con cerca de 70.000 he<span class=\"_ _3\"></span>ct\u00e1reas de superficie foresta<span class=\"_ _3\"></span>l gestionadas<span class=\"_ _3\"></span> por la compa\u00f1\u00eda. <span class=\"_ _3\"></span> En <span class=\"_ _10\"> </span>este <span class=\"_ _10\"> </span>sentido, <span class=\"_ _10\"> </span>Ence <span class=\"_ _10\"> </span>gestiona <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cad<span class=\"_ _3\"></span>ena <span class=\"_ _10\"> </span>completa <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>valor <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>\u00e1rea <span class=\"_ _10\"> </span>foresta<span class=\"_ _3\"></span>l <span class=\"_ _10\"></span>(desde <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>plantaci\u00f3n <span class=\"_ _10\"> </span>al<span class=\"_ _3\"></span> aprovechamiento <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>recursos <span class=\"_ _16\"> </span>forestales), <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>sus <span class=\"_ _16\"> </span>montes <span class=\"_ _16\"> </span>patrimoniales, <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>incluyen <span class=\"_ _16\"> </span>montes <span class=\"_ _16\"> </span>en propiedad <span class=\"_ _3\"></span>y superficies <span class=\"_ _3\"></span>consorciadas<span class=\"_ _3\"></span> y <span class=\"_ _3\"></span>arrendadas a <span class=\"_ _3\"></span>terc<span class=\"_ _3\"></span>eros. <span class=\"_ _3\"></span>La gesti\u00f3n <span class=\"_ _3\"></span>de las<span class=\"_ _3\"></span> superficies gestion<span class=\"_ _3\"></span>adas <span class=\"_ _3\"></span>por Ence <span class=\"_ _3\"></span>sup<span class=\"_ _3\"></span>one <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>a\u00f1<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>notables <span class=\"_ _3\"></span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el conju<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _3\"></span>destinad<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>trabajos <span class=\"_ _3\"></span>silv\u00edcolas<span class=\"_ _3\"></span>, de <span class=\"_ _0\"></span>repoblaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>mejora <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>infraestructuras <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>defensa <span class=\"_ _10\"></span>contra <span class=\"_ _0\"></span>incendios, <span class=\"_ _10\"></span>mejoras <span class=\"_ _0\"></span>ambientales, <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>pago<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>de rentas, lo qu<span class=\"_ _3\"></span>e supone una importante aporta<span class=\"_ _3\"></span>ci\u00f3n de valor de la compa\u00f1\u00eda <span class=\"_ _3\"></span>en el medio rural.<span class=\"_ _f\"></span> De <span class=\"_ _18\"> </span>forma <span class=\"_ _18\"> </span>compl<span class=\"_ _3\"></span>ementaria <span class=\"_ _18\"> </span>a <span class=\"_ _1b\"> </span>su <span class=\"_ _18\"> </span>actividad <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>atrimonial, <span class=\"_ _18\"> </span>Ence <span class=\"_ _18\"> </span>mantiene <span class=\"_ _1b\"> </span>y <span class=\"_ _18\"> </span>refuerza <span class=\"_ _18\"> </span>su <span class=\"_ _1b\"> </span>pol\u00edtica <span class=\"_ _18\"> </span>de aprovision<span class=\"_ _3\"></span>amiento d<span class=\"_ _3\"></span>e mader<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>compras <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>pie <span class=\"_ _3\"></span>(donde <span class=\"_ _3\"></span>Ence <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ponsable <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la co<span class=\"_ _3\"></span>mpra <span class=\"_ _3\"></span>al propietario, <span class=\"_ _0\"></span>su <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>formidad <span class=\"_ _f\"></span>administrativa <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>normativ<span class=\"_ _3\"></span>a, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>apr<span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>echamiento <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>eficiencia <span class=\"_ _f\"></span>y sostenibilidad<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>y el <span class=\"_ _d\"></span>transporte <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>madera <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>planta) <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de los <span class=\"_ _d\"></span>suministros<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>(en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _d\"></span>compra dire<span class=\"_ _2\"></span>ctamente la madera a rematantes q<span class=\"_ _3\"></span>ue intermedian con la<span class=\"_ _3\"></span> propiedad).<span class=\"_ _3\"></span> En ambos casos, <span class=\"_ _2\"></span>gesti\u00f3n <span class=\"_ _2\"></span>patrimonial y <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>actividad de aprov<span class=\"_ _2\"></span>echamiento de <span class=\"_ _2\"></span>cortas en las <span class=\"_ _2\"></span>compras <span class=\"_ _2\"></span>a terce<span class=\"_ _2\"></span>ros,<span class=\"_ _3\"></span> los ob<span class=\"_ _3\"></span>jetivos d<span class=\"_ _3\"></span>e gesti\u00f3n <span class=\"_ _3\"></span>y sostenibilidad <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>los mis<span class=\"_ _3\"></span>mos, siendo <span class=\"_ _3\"></span>una d<span class=\"_ _3\"></span>e las ap<span class=\"_ _3\"></span>ortaciones de <span class=\"_ _3\"></span>Ence trans<span class=\"_ _3\"></span>mitir los <span class=\"_ _0\"></span>est\u00e1ndares <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>gesti\u00f3n <span class=\"_ _0\"></span>ambiental <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>tiliza <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _f\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>conjun<span class=\"_ _3\"></span>to <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>sus<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>colaborad<span class=\"_ _3\"></span>ores, <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>se 121<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 desarrollan en el marco del <span class=\"_ _2\"></span>Sistema Integrado de Gesti\u00f3n Forestal (SIGF), que tiene como bases normativas en el cas<span class=\"_ _3\"></span>o de la <span class=\"_ _3\"></span>madera el <span class=\"_ _3\"></span>cumplimiento legal, <span class=\"_ _3\"></span>y los es<span class=\"_ _3\"></span>t\u00e1ndares de Gesti\u00f3n <span class=\"_ _3\"></span>Forestal <span class=\"_ _3\"></span>Sostenible y de <span class=\"_ _3\"></span>Cadena de <span class=\"_ _3\"></span>Custodia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>referentes <span class=\"_ _3\"></span>FSC\u00ae <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>PEF<span class=\"_ _3\"></span>C q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>en el <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>patrimonio <span class=\"_ _f\"></span>est\u00e1 certificad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>bajo <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> n<span class=\"_ _3\"></span>\u00fameros de <span class=\"_ _3\"></span> <span class=\"_ _f\"></span>licencia <span class=\"_ _f\"></span>FSC\u00ae-C099970 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>F<span class=\"_ _3\"></span>SC\u00ae-C081854 <span class=\"_ _f\"></span>(Forest <span class=\"_ _3\"></span>St<span class=\"_ _3\"></span>ewardsh<span class=\"_ _3\"></span>ip <span class=\"_ _3\"></span>Coun<span class=\"_ _3\"></span>cil\u00ae) <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>PEFC/14-<span class=\"ls10\">22<span class=\"_ _3\"></span></span>-00010 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>PEFC/14<span class=\"_ _3\"></span>-<span class=\"_ _65\"> </span>33<span class=\"ls0_1\">-00001 (Program<span class=\"_ _3\"></span>me for the Endors<span class=\"_ _3\"></span>ement of Forest Certification<span class=\"_ _3\"></span>). </span>En 2025 se ha o<span class=\"_ _3\"></span>btenido la certificaci\u00f3n PEFC <span class=\"_ _3\"></span>en el negocio de Tradin<span class=\"_ _3\"></span>g, y adem\u00e1s se h<span class=\"_ _3\"></span>a empezado a trabajar<span class=\"_ _3\"></span> para <span class=\"_ _f\"></span>algunos <span class=\"_ _f\"></span>clientes <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>figura <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>negociante, <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>permite <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>compra<span class=\"_ _f\"></span>-venta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ciertos <span class=\"_ _f\"></span>residuos <span class=\"_ _f\"></span>no peligrosos, qu<span class=\"_ _3\"></span>e tendr\u00e1n un nuevo uso en<span class=\"_ _3\"></span> su de<span class=\"_ _3\"></span>stino final. Para <span class=\"_ _3\"></span>garantizar<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>madera <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>biomasa <span class=\"_ _3\"></span>forestal <span class=\"_ _3\"></span>prov<span class=\"_ _3\"></span>ienen <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>fuent<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>respo<span class=\"_ _3\"></span>nsables <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cumplen <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>las normativas vigentes, Ence ha definido una serie <span class=\"_ _2\"></span>de principios que alinean sus <span class=\"_ _2\"></span>operaciones con la legislaci\u00f3n nacional <span class=\"_ _16\"> </span>(RD  1088/2015  so<span class=\"_ _3\"></span>bre  legalidad <span class=\"_ _16\"> </span>de  l<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>madera)  y  la  n<span class=\"_ _3\"></span>ormativa  euro<span class=\"_ _3\"></span>pea  vigente  (Reglamento<span class=\"_ _3\"></span> 995/2010 EUTR de dilig<span class=\"_ _3\"></span>encia debida). <span class=\"_ _3\"></span>Adem\u00e1s, en 2025, En<span class=\"_ _3\"></span>ce ha seguido trab<span class=\"_ _3\"></span>ajado en la adapta<span class=\"_ _3\"></span>ci\u00f3n de sus sistemas <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>procedimientos <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>dar <span class=\"_ _f\"></span>cumplimiento <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>uevo <span class=\"_ _f\"></span>Reglamento <span class=\"_ _f\"></span>(UE) <span class=\"_ _f\"></span>2023/1115 <span class=\"_ _f\"></span>sobre <span class=\"_ _f\"></span>Productos Libres <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Deforestaci\u00f3n, <span class=\"_ _3\"></span>conocido <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>EUDR, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>durante <span class=\"_ _3\"></span>2026, <span class=\"_ _3\"></span>seguir\u00eda <span class=\"_ _3\"></span>adap<span class=\"_ _3\"></span>t\u00e1ndose <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ersi\u00f3n <span class=\"_ _3\"></span>revisada de EUDR la cual incorp<span class=\"_ _3\"></span>ora modificaciones y<span class=\"_ _3\"></span> simplificaciones so<span class=\"_ _3\"></span>bre el texto inicial. <span class=\"_ _3\"></span> Los esfuerzos de <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nce e<span class=\"_ _2\"></span>n este \u00e1mbito <span class=\"_ _2\"></span>se traducen e<span class=\"_ _2\"></span>n un % <span class=\"_ _2\"></span>de madera ce<span class=\"_ _2\"></span>rtificada superior al 75% <span class=\"_ _d\"></span>a<span class=\"_ _3\"></span> cierre <span class=\"_ _2\"></span>de ejercicio. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>cuanto <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>actividad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>patrimonial, <span class=\"_ _f\"></span>alrededor <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>90% <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span>perficie <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ertificable <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>Ence gestiona est\u00e1 certificada p<span class=\"_ _3\"></span>or alguno de l<span class=\"_ _3\"></span>os esqu<span class=\"_ _3\"></span>emas. Adem\u00e1s de promover una gesti\u00f3n forestal sostenible certificad<span class=\"_ _3\"></span>a, Ence tambi\u00e9n trabaja en la investigaci\u00f3n y desarrollo <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>mejores <span class=\"_ _0\"></span>pr\u00e1<span class=\"_ _3\"></span>cticas <span class=\"_ _10\"></span>silv\u00edcolas, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>desarrollo <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>planta <span class=\"_ _10\"> </span>mejorada <span class=\"_ _0\"></span>cap<span class=\"_ _3\"></span>az <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>adaptarse <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>las nuevas condiciones clim\u00e1ticas, y m\u00e9todos inn<span class=\"_ _3\"></span>ovadores de lucha biol\u00f3gica contra las plagas y enfermedades que afectan al eucalipto.<span class=\"_ _3\"></span> El  conjunto  de <span class=\"_ _13\"> </span>actuaciones <span class=\"_ _13\"> </span>de  I+D+<span class=\"_ _2\"></span>i  que <span class=\"_ _13\"> </span>se  desarrollan <span class=\"_ _13\"> </span>en  el <span class=\"_ _13\"> </span>marco <span class=\"_ _13\"> </span>de  la <span class=\"_ _13\"> </span>actividad  directa <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Ence, constituyen <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importante <span class=\"_ _3\"></span>soporte <span class=\"_ _3\"></span>t\u00e9cnico <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>conocimiento<span class=\"_ _3\"></span> q<span class=\"_ _3\"></span>ue Ence <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>esfuerza <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>transmitir <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>sector a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>foros<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>charlas<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>As<span class=\"_ _3\"></span>pectos <span class=\"_ _0\"></span>tales <span class=\"_ _10\"></span>como <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>selvicultura, <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>selecci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>lantas, <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>lucha <span class=\"_ _0\"></span>contra plagas, <span class=\"_ _19\"> </span>el <span class=\"_ _16\"> </span>cumplimiento <span class=\"_ _19\"> </span>legal <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>certificaci\u00f3n <span class=\"_ _16\"> </span>foresta<span class=\"_ _3\"></span>l, <span class=\"_ _19\"> </span>son <span class=\"_ _16\"> </span>ob<span class=\"_ _3\"></span>jeto <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span>transmisi\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>know<span class=\"_ _f\"></span>-how <span class=\"_ _16\"> </span>a propietarios <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>suministrad<span class=\"_ _3\"></span>ores <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>sector <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>general, <span class=\"_ _0\"></span>alim<span class=\"_ _3\"></span>entando <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>continuo <span class=\"_ _10\"></span>debate <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>mejor<span class=\"_ _f\"></span><span class=\"ls44\">a </span>sectorial, incluyendo<span class=\"_ _3\"></span> aqu\u00ed a la Administraci\u00f3n<span class=\"_ _3\"></span> y la sociedad civil.<span class=\"_ _3\"></span> Gesti\u00f3n de la sosten<span class=\"_ _3\"></span>ibilidad de la biomasa<span class=\"_ _3\"></span> Durante 2025<span class=\"_ _2\"></span>, Ence <span class=\"_ _d\"></span>h<span class=\"_ _3\"></span>a m<span class=\"_ _2\"></span>antenid<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>su posici\u00f3n <span class=\"_ _d\"></span>como comprador de <span class=\"_ _d\"></span>referencia de <span class=\"_ _2\"></span>biomasa agr\u00edcola <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>forestal para  uso  energ\u00e9<span class=\"_ _2\"></span>tico  (electricidad  y <span class=\"_ _13\"> </span>energ\u00eda  t\u00e9rmica <span class=\"_ _13\"> </span>renovab<span class=\"_ _3\"></span>le). <span class=\"_ _13\"> </span>En  este <span class=\"_ _13\"> </span>sentido,  Ence <span class=\"_ _13\"> </span>asegura  que  e<span class=\"_ _2\"></span>l suministro de biomasa a sus instalacion<span class=\"_ _3\"></span>es cumple con los requisitos de sostenibilidad<span class=\"_ _3\"></span> que garantizan el uso sostenible <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>recurs<span class=\"_ _3\"></span>o. <span class=\"_ _f\"></span>As\u00ed, <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>Ence <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>renovado <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>certificaci\u00f3n <span class=\"_ _f\"></span>bajo <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>esquema <span class=\"_ _f\"></span>Sure <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>todas sus plantas de energ\u00eda y celulosa, as\u00ed como <span class=\"_ _2\"></span>el certificado para la actividad de generaci\u00f3n de energ\u00eda t\u00e9rmica renovable.  En <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>a<span class=\"_ _2\"></span>\u00f1o  2024<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>certific\u00f3, <span class=\"_ _13\"> </span>adem\u00e1s,  por <span class=\"_ _10\"> </span>primera <span class=\"_ _13\"> </span>vez,  la <span class=\"_ _13\"> </span>actividad <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>tr<span class=\"_ _2\"></span>ading  de <span class=\"_ _13\"> </span>biomasa, responsable d<span class=\"_ _3\"></span>el abastecimiento de b<span class=\"_ _3\"></span>iomasa a las p<span class=\"_ _3\"></span>lantas de energ\u00eda y de la v<span class=\"_ _3\"></span>enta de biomas<span class=\"_ _3\"></span>a a terceros. El esquema <span class=\"_ _f\"></span>Sure <span class=\"_ _0\"></span>da <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>formidad <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>lo<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>requis<span class=\"_ _3\"></span>itos <span class=\"_ _f\"></span>establecidos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>Directiva <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>Energ\u00edas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Renovables <span class=\"_ _0\"></span>(UE) 2018/2001. <span class=\"_ _10\"> </span>Esta <span class=\"_ _10\"> </span>normativa <span class=\"_ _10\"> </span>e<span class=\"_ _3\"></span>uropea <span class=\"_ _10\"> </span>establece <span class=\"_ _10\"> </span>diversos <span class=\"_ _10\"> </span>cri<span class=\"_ _3\"></span>terios <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>deben <span class=\"_ _10\"> </span>cumplir <span class=\"_ _10\"> </span>todas<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>biomasas empleadas <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>ctor <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>bioenerg\u00eda, <span class=\"_ _3\"></span>enfo<span class=\"_ _3\"></span>cados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>garantizar<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sostenibilid<span class=\"_ _3\"></span>ad, <span class=\"_ _3\"></span>un<span class=\"_ _f\"></span> <span class=\"_ _3\"></span>correcto <span class=\"_ _f\"></span>balance <span class=\"_ _3\"></span>de masas, la redu<span class=\"_ _3\"></span>cci\u00f3n de las emisiones d<span class=\"_ _3\"></span>e gases de efecto invernadero y<span class=\"_ _3\"></span> la eficiencia energ\u00e9tica. <span class=\"_ _f\"></span> El <span class=\"_ _f\"></span>proceso <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ertificaci\u00f3n <span class=\"_ _f\"></span>Sure <span class=\"_ _f\"></span>implica <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _f\"></span>transversal <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>todo <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>proceso <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>gesti\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>biomas<span class=\"_ _3\"></span>a, desde el <span class=\"_ _2\"></span>origen de <span class=\"_ _2\"></span>esta (parcela agr\u00edcola, monte <span class=\"_ _2\"></span>o industria), la <span class=\"_ _2\"></span>propia cadena de <span class=\"_ _2\"></span>suministros<span class=\"_ _3\"></span>, la <span class=\"_ _2\"></span>log\u00edstica e<span class=\"_ _2\"></span>n las <span class=\"_ _f\"></span>plantas <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>arques <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _f\"></span>renovable. <span class=\"_ _f\"></span>Todo <span class=\"_ _f\"></span>engran<span class=\"_ _3\"></span>ado <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>alcanzar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>m\u00e1ximo <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e eficiencia. 122<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 En <span class=\"_ _13\"> </span>2025, <span class=\"_ _13\"> </span>adem\u00e1s <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>renovar <span class=\"_ _13\"> </span>esta <span class=\"_ _13\"> </span>certificaci\u00f3n <span class=\"_ _10\"> </span>en  sus <span class=\"_ _13\"> </span>instalaciones <span class=\"_ _13\"> </span>Ence <span class=\"_ _13\"> </span>ha <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>eguido <span class=\"_ _13\"> </span>trabajando <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>la promoci\u00f3n de la certificaci\u00f3n a lo <span class=\"_ _2\"></span>largo de su cadena<span class=\"_ _2\"></span> de suministro, logrando con e<span class=\"_ _2\"></span>llo conseguir los hitos de<span class=\"_ _2\"></span> consumo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>biomasa <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ertificada <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>requiere <span class=\"_ _3\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>normativa. <span class=\"_ _3\"></span>Tambi<span class=\"_ _3\"></span>\u00e9n h<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>adaptado <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>istema d<span class=\"_ _3\"></span>e g<span class=\"_ _3\"></span>esti\u00f3n <span class=\"_ _3\"></span>a los nuevos<span class=\"_ _3\"></span> requisitos de Sure, adaptad<span class=\"_ _3\"></span>os a la actualizaci\u00f3n de la directiva <span class=\"_ _3\"></span>de renovables de 2023 (REDIII<span class=\"_ _3\"></span>).<span class=\"_ _f\"></span> Gesti\u00f3n de la sosten<span class=\"_ _3\"></span>ibilidad del biometano<span class=\"_ _3\"></span> Al <span class=\"_ _f\"></span>igual <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>biomas<span class=\"_ _3\"></span>a, <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>caso <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biometano, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>lanta <span class=\"_ _f\"></span>La <span class=\"_ _f\"></span>Galera <span class=\"_ _f\"></span>cu<span class=\"_ _3\"></span>enta <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>la certificaci\u00f3n <span class=\"_ _17\"> </span>ISCC <span class=\"_ _17\"> </span>(<span class=\"ff9\">Internatio<span class=\"_ _3\"></span>nal <span class=\"_ _17\"> </span>Sustainability <span class=\"_ _17\"> </span>and <span class=\"_ _17\"> </span>Carbon <span class=\"_ _17\"> </span>Certification<span class=\"_ _3\"></span></span>), <span class=\"_ _17\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>es<span class=\"_ _3\"></span>quema <span class=\"_ _17\"> </span>voluntario <span class=\"_ _17\"> </span>de sostenibilidad<span class=\"_ _3\"></span> que permite dar cumplimiento a los requis<span class=\"_ _3\"></span>itos de sostenibilidad establecidos p<span class=\"_ _3\"></span>or la Directiva de <span class=\"_ _3\"></span>En<span class=\"_ _3\"></span>erg\u00edas <span class=\"_ _3\"></span>Renov<span class=\"_ _3\"></span>ables <span class=\"_ _f\"></span>(UE) <span class=\"_ _3\"></span>2018/2<span class=\"_ _3\"></span>001. <span class=\"_ _3\"></span>En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>025, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>99% <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biometano <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>mpli\u00f3 <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>los requisitos de s<span class=\"_ _3\"></span>ostenibilidad. ENCE Celulosa Biof\u00e1brica de Navia<span class=\"_ _3\"></span><span class=\"ff3 fc0_1\"> </span>La  Biof\u00e1brica <span class=\"_ _16\"> </span>de  N<span class=\"_ _3\"></span>avia <span class=\"_ _16\"> </span>acometi\u00f3  en  2<span class=\"_ _3\"></span>019  un<span class=\"_ _3\"></span>  proy<span class=\"_ _3\"></span>ecto  de <span class=\"_ _16\"> </span>mejora  y <span class=\"_ _16\"> </span>optimizaci\u00f3n <span class=\"_ _16\"> </span>tecnol\u00f3gica  d<span class=\"_ _3\"></span>e  las instalaciones <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>cluy\u00f3 <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>implantaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>mejoras <span class=\"_ _3\"></span>t\u00e9cnicas <span class=\"_ _f\"></span>disponibles <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _3\"></span>importante <span class=\"_ _f\"></span>de los  procesos<span class=\"_ _3\"></span>  productivo<span class=\"_ _3\"></span>s  incrementando  en  80.00<span class=\"_ _3\"></span>0  tAD  s<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>  capacidad<span class=\"_ _3\"></span>  productiv<span class=\"_ _3\"></span>a  nominal,  as\u00ed  como, mejorando  el <span class=\"_ _13\"> </span>comportamiento<span class=\"_ _3\"></span>  ambiental <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>sus  instalaciones,  basada <span class=\"_ _13\"> </span>en  la <span class=\"_ _13\"> </span>optimizaci\u00f3n  tecnol\u00f3gica directa de <span class=\"_ _3\"></span>equipos<span class=\"_ _3\"></span> y <span class=\"_ _3\"></span>sistemas <span class=\"_ _3\"></span>a lo <span class=\"_ _3\"></span>largo de <span class=\"_ _3\"></span>todo <span class=\"_ _3\"></span>el proces<span class=\"_ _3\"></span>o, <span class=\"_ _3\"></span> de acu<span class=\"_ _3\"></span>erdo a <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>mejores <span class=\"_ _3\"></span>t\u00e9cnicas <span class=\"_ _3\"></span>disponibles de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>ocumentos <span class=\"_ _2\"></span>BREF <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>sector. <span class=\"_ _d\"></span> Desde <span class=\"_ _d\"></span>la e<span class=\"_ _2\"></span>jecuci\u00f3n del <span class=\"_ _d\"></span>pro<span class=\"_ _3\"></span>yecto, <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>han<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ido<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>cons<span class=\"_ _3\"></span>olidando <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>resultados de <span class=\"_ _3\"></span>mejora <span class=\"_ _f\"></span>ambiental <span class=\"_ _3\"></span>evidenci<span class=\"_ _3\"></span>\u00e1ndose <span class=\"_ _f\"></span>mejoras <span class=\"_ _3\"></span>ambientales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>calidad<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>efluente <span class=\"_ _3\"></span>l\u00edquido, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>tios <span class=\"_ _3\"></span>de consumo y en la<span class=\"_ _3\"></span> reducci\u00f3n de emisiones de p<span class=\"_ _3\"></span>ar\u00e1metros<span class=\"_ _3\"></span> significativos, co<span class=\"_ _3\"></span>mo el olor.  El <span class=\"_ _3\"></span>Plan <span class=\"_ _f\"></span>Director <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Sostenibili<span class=\"_ _3\"></span>dad <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Ence <span class=\"_ _3\"></span>2024<span class=\"_ _3\"></span>-2028 <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>templa <span class=\"_ _3\"></span>como<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>prioridad <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>gesti\u00f3n <span class=\"_ _f\"></span>y mejora <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la huella <span class=\"_ _10\"> </span>h\u00eddrica <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"> </span>compa\u00f1\u00eda, <span class=\"_ _13\"> </span>tanto <span class=\"_ _10\"></span>a <span class=\"_ _10\"> </span>nivel <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>sumo <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>recursos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>h\u00eddricos <span class=\"_ _10\"> </span>como <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>calidad <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>su<span class=\"_ _2\"></span>s efluentes. <span class=\"_ _10\"> </span>As\u00ed, <span class=\"_ _13\"> </span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"> </span>biof\u00e1bricas <span class=\"_ _13\"> </span>se <span class=\"_ _10\"></span>vienen <span class=\"_ _10\"> </span>estable<span class=\"_ _3\"></span>ciendo <span class=\"_ _10\"> </span>o<span class=\"_ _3\"></span>bjetivos <span class=\"_ _10\"> </span>an<span class=\"_ _3\"></span>uales <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>reducci\u00f3n <span class=\"_ _13\"> </span>del <span class=\"_ _10\"></span>consumo espec\u00edfico <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>agu<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>(m3/t <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>celulos<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>ducida) <span class=\"_ _f\"></span>desde <span class=\"_ _3\"></span>hace <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>arios <span class=\"_ _f\"></span>a\u00f1os. <span class=\"_ _3\"></span>En <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>biof\u00e1brica <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Navia,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>desd<span class=\"_ _3\"></span>e 2022 se ha puesto<span class=\"_ _3\"></span> en marcha <span class=\"_ _3\"></span>un ambicioso p<span class=\"_ _3\"></span>lan de mejora o<span class=\"_ _3\"></span>peracional para cons<span class=\"_ _3\"></span>eguir reducir el cons<span class=\"_ _3\"></span>umo<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>agua, <span class=\"_ _3\"></span>destacando <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>principales <span class=\"_ _3\"></span>iniciativ<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>el cierr<span class=\"_ _3\"></span>e de <span class=\"_ _3\"></span>circuitos<span class=\"_ _3\"></span>, la <span class=\"_ _3\"></span>reutiliza<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>condensad<span class=\"_ _3\"></span>os, la <span class=\"_ _3\"></span>recuperaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>aguas <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>contra <span class=\"_ _f\"></span>lavados <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>reutilizaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>agu<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>scrubbers, <span class=\"_ _f\"></span>entr<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>otra<span class=\"_ _3\"></span>s. <span class=\"_ _f\"></span>Gracias a estas iniciativas, a <span class=\"_ _2\"></span>cierre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 la <span class=\"_ _2\"></span>biof\u00e1brica de <span class=\"_ _2\"></span>Navia ha <span class=\"_ _2\"></span>conseguido, su <span class=\"_ _2\"></span>mejor <span class=\"_ _2\"></span>valor hist\u00f3<span class=\"_ _2\"></span>rico de <span class=\"_ _2\"></span>consumo (26,9 <span class=\"_ _0\"></span>m3/tad), <span class=\"_ _10\"></span>con <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _0\"></span>redu<span class=\"_ _3\"></span>cci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>consu<span class=\"_ _3\"></span>mo <span class=\"_ _0\"></span>espec\u00edfico <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>21% <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _f\"></span>\u00fa<span class=\"_ _3\"></span>ltimos <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>(vs <span class=\"_ _10\"></span>2021) <span class=\"_ _f\"></span> <span class=\"_ _0\"></span>, <span class=\"_ _10\"></span>y alcanzando a<span class=\"_ _3\"></span> final del a\u00f1o valores de con<span class=\"_ _3\"></span>sumo mensuales en el entorn<span class=\"_ _3\"></span>o de 24 m3/tAD<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> En <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>calidad <span class=\"_ _f\"></span>de v<span class=\"_ _3\"></span>ertido, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>implementado <span class=\"_ _f\"></span>mejoras <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>lanta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tratamiento <span class=\"_ _f\"></span>de efluentes para <span class=\"_ _10\"> </span>favorecer <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>depuraci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>aguas <span class=\"_ _10\"> </span>mediante: <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>optimizaci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>sistema <span class=\"_ _10\"> </span>biol\u00f3gico, <span class=\"_ _10\"> </span>adem\u00e1s <span class=\"_ _10\"> </span>de mejorar <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>sistemas de <span class=\"_ _d\"></span>aireac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>frigeraci\u00f3n. Asimismo, se <span class=\"_ _d\"></span>ha consolidado e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>funcionamiento <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>nuevo sistema <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>trata<span class=\"_ _3\"></span>miento <span class=\"_ _d\"></span>prima<span class=\"_ _3\"></span>rio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>efluentes <span class=\"_ _2\"></span>constituido<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>nueva <span class=\"_ _d\"></span>un<span class=\"_ _3\"></span>idad <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>flotaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>aire <span class=\"_ _2\"></span>disuelto (DAF) (<span class=\"_ _3\"></span>en s<span class=\"_ _3\"></span>ustituci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>antiguo <span class=\"_ _3\"></span>decantador <span class=\"_ _3\"></span>primario), <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>permite rea<span class=\"_ _3\"></span>lizar <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>separaci\u00f3n <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>eficiente de <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>part\u00edculas <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>suspensi\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>efluente <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>tratar <span class=\"_ _f\"></span>medi<span class=\"_ _3\"></span>ante <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>inyecci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>microburbujas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>aire, <span class=\"_ _0\"></span>de modo que los s\u00f3lidos se adhieren a las microburbujas en su recorrido ascendente flotando hacia el sistema separador <span class=\"_ _f\"></span>superior. <span class=\"_ _f\"></span>Esto <span class=\"_ _f\"></span>ha <span class=\"_ _3\"></span>sup<span class=\"_ _3\"></span>uesto <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>reducci\u00f3n <span class=\"_ _3\"></span>significativa <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>ratio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>s\u00f3lidos <span class=\"_ _f\"></span>totales <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>materia org\u00e1nica en efluente de v<span class=\"_ _3\"></span>ertido final de la b<span class=\"_ _3\"></span>iof\u00e1brica por tonelada de p<span class=\"_ _3\"></span>asta producida. <span class=\"_ _3\"></span> <span class=\"_ _3\"></span> En <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>proceso <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>celulosa <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>generan <span class=\"_ _f\"></span>compuestos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>reducido<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>azufre <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tan adecuadamente, pueden p<span class=\"_ _3\"></span>rovocar impactos o<span class=\"_ _3\"></span>lorosos en las inmediaciones d<span class=\"_ _3\"></span>e las plantas<span class=\"_ _3\"></span>. Consciente de la importancia <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>gestionar <span class=\"_ _10\"> </span>adecuadamente <span class=\"_ _10\"></span>este <span class=\"_ _0\"></span>aspect<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mbiental <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>manten<span class=\"_ _3\"></span>er <span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>licencia <span class=\"_ _10\"></span>social <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ara operar, Ence fij\u00f3 como prioridad reducir al m\u00e1ximo el impacto oloroso de sus biof\u00e1bricas y puso en marcha hace ya m\u00e1s de d<span class=\"_ _3\"></span>iez a\u00f1os el Plan Olor <span class=\"_ _3\"></span>Cero.  123<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 De <span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>modo <span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>biof\u00e1brica de <span class=\"_ _d\"></span>Nav<span class=\"_ _3\"></span>ia <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>ha <span class=\"_ _d\"></span>ejecutado<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>proyecto <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>control <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>focos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>olor <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>ifusos, con <span class=\"_ _f\"></span>medidas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>tales <span class=\"_ _0\"></span>como <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>ab<span class=\"_ _3\"></span>atimiento <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>olor <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>entorno <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>DAF <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>arq<span class=\"_ _3\"></span>ueta <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>neutralizaci\u00f3n<span class=\"_ _3\"></span> mediante el capotado de los tanques de estas<span class=\"_ _3\"></span> instalaciones y la captaci\u00f3n inducida de sus vahos a sistemas de tratamiento <span class=\"_ _2\"></span>dedicados<span class=\"_ _3\"></span>. G<span class=\"_ _2\"></span>racias a estas <span class=\"_ _2\"></span>iniciativas y a <span class=\"_ _2\"></span>la mejora en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>operaci\u00f3n y control de <span class=\"_ _2\"></span>procesos,<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>en el a\u00f1o 2025 se consigui\u00f3<span class=\"_ _3\"></span> un hito h<span class=\"_ _3\"></span>ist\u00f3rico al no haberse regi<span class=\"_ _3\"></span>strado ning\u00fa<span class=\"_ _3\"></span>n minuto d<span class=\"_ _3\"></span>e olor. En cuanto<span class=\"_ _3\"></span> a la gesti\u00f3n de residuos<span class=\"_ _3\"></span>, en 2025 el ratio de valorizaci\u00f3n<span class=\"_ _3\"></span> alcanz\u00f3 el 98,5%. <span class=\"_ _f\"></span> El seguimiento y la<span class=\"_ _2\"></span> mejora de <span class=\"_ _2\"></span>los par\u00e1metros de e<span class=\"_ _2\"></span>misi\u00f3n es otro de <span class=\"_ _2\"></span>los objetivos de <span class=\"_ _2\"></span>la gesti\u00f3n ambiental d<span class=\"_ _2\"></span>e la <span class=\"_ _3\"></span>compa\u00f1\u00eda <span class=\"_ _f\"></span>en todas <span class=\"_ _f\"></span>sus <span class=\"_ _3\"></span>instalaciones. <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>biof\u00e1b<span class=\"_ _3\"></span>rica <span class=\"_ _3\"></span>de N<span class=\"_ _3\"></span>avia <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>disponen <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>sistemas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>medici\u00f3n <span class=\"_ _3\"></span>en continuo <span class=\"_ _3\"></span>para mon<span class=\"_ _3\"></span>itorizar los <span class=\"_ _3\"></span>principales <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ar\u00e1metros <span class=\"_ _3\"></span>de e<span class=\"_ _3\"></span>misi\u00f3n y<span class=\"_ _3\"></span> asegurar <span class=\"_ _3\"></span>no s<span class=\"_ _3\"></span>\u00f3lo qu<span class=\"_ _3\"></span>e no <span class=\"_ _3\"></span>se sup<span class=\"_ _3\"></span>eran los l\u00edmites de <span class=\"_ _2\"></span>emisi\u00f3n establecidos de <span class=\"_ _2\"></span>la autorizaci\u00f3n ambiental, <span class=\"_ _2\"></span>sino que, <span class=\"_ _2\"></span>de acuerdo <span class=\"_ _2\"></span>con el <span class=\"_ _2\"></span>sistema integrado de gesti\u00f3n bas<span class=\"_ _3\"></span>ado en la mejora contin<span class=\"_ _3\"></span>ua, se puedan mejorar pau<span class=\"_ _3\"></span>latinamente.<span class=\"_ _3\"></span> Biof\u00e1brica de Ponte<span class=\"_ _3\"></span>vedra  La <span class=\"_ _3\"></span>Biof\u00e1b<span class=\"_ _3\"></span>rica <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Pon<span class=\"_ _3\"></span>tevedra <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ntegra <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sostenibilid<span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>amb<span class=\"_ _3\"></span>iental <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ilar <span class=\"_ _f\"></span>estrat\u00e9gico <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>actividad industrial, <span class=\"_ _f\"></span>orientando <span class=\"_ _3\"></span>todas <span class=\"_ _3\"></span>sus <span class=\"_ _f\"></span>operaciones <span class=\"_ _3\"></span>hacia <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>mejora con<span class=\"_ _3\"></span>tinua <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>compo<span class=\"_ _3\"></span>rtamiento <span class=\"_ _3\"></span>ambienta<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>la protecci\u00f3n d<span class=\"_ _3\"></span>el entorn<span class=\"_ _3\"></span>o. Este <span class=\"_ _3\"></span>compromiso <span class=\"_ _3\"></span>se tra<span class=\"_ _3\"></span>duce <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>acciones <span class=\"_ _3\"></span>concretas q<span class=\"_ _3\"></span>ue refuerzan <span class=\"_ _3\"></span>la con<span class=\"_ _3\"></span>vivencia y<span class=\"_ _3\"></span> el <span class=\"_ _f\"></span>respeto <span class=\"_ _0\"></span>hacia <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>comunid<span class=\"_ _3\"></span>ades <span class=\"_ _0\"></span>vecinas, <span class=\"_ _0\"></span>garantizando <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>licencia<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>social <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>operar <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>contribu<span class=\"_ _3\"></span>yendo <span class=\"_ _f\"></span>al desarrollo sos<span class=\"_ _3\"></span>tenible. Uno <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>los objetivos <span class=\"_ _d\"></span>priorit<span class=\"_ _3\"></span>arios <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>minimizar <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>molestias <span class=\"_ _2\"></span>ambientales, <span class=\"_ _2\"></span>especialmente <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>relacionadas <span class=\"_ _2\"></span>con la <span class=\"_ _16\"> </span>percepci\u00f3n <span class=\"_ _19\"> </span>olorosa. <span class=\"_ _19\"> </span>La <span class=\"_ _16\"> </span>con<span class=\"_ _3\"></span>vivencia <span class=\"_ _16\"> </span>y <span class=\"_ _19\"> </span>el <span class=\"_ _16\"> </span>respeto <span class=\"_ _16\"> </span>a<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>comunidades <span class=\"_ _19\"> </span>en <span class=\"_ _16\"> </span>las <span class=\"_ _16\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>e<span class=\"_ _3\"></span>mplazan <span class=\"_ _16\"> </span>sus instalaciones <span class=\"_ _3\"></span>son un<span class=\"_ _3\"></span>a prioridad estra<span class=\"_ _3\"></span>t\u00e9gica para <span class=\"_ _3\"></span>ga<span class=\"_ _3\"></span>rantizar la <span class=\"_ _3\"></span>licencia social <span class=\"_ _3\"></span>para o<span class=\"_ _3\"></span>perar. Por ello, <span class=\"_ _3\"></span>entre los objetivos ambientales prioritarios, <span class=\"_ _2\"></span>Ence enfoca <span class=\"_ _2\"></span>sus e<span class=\"_ _2\"></span>sfuerzos en <span class=\"_ _2\"></span>aquellos aspectos <span class=\"_ _2\"></span>que pue<span class=\"_ _2\"></span>den afectar <span class=\"_ _2\"></span>a las<span class=\"_ _2\"></span> comunidades  vecinas,  tales  como <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>impacto  ac\u00fastico,  la  calidad  del <span class=\"_ _13\"> </span>aire <span class=\"_ _13\"> </span>o  el <span class=\"_ _13\"> </span>impacto  o<span class=\"_ _3\"></span>loroso  de  l<span class=\"_ _2\"></span>a biof\u00e1brica.  De <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>manera, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>contin\u00faa <span class=\"_ _10\"></span>trabajando <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Plan<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Olor <span class=\"_ _0\"></span>Cero, <span class=\"_ _0\"></span>gracias<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cual <span class=\"_ _10\"></span>se <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>tin\u00faa <span class=\"_ _0\"></span>reduciendo <span class=\"_ _10\"></span>el impacto <span class=\"_ _3\"></span>oloroso<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>biof\u00e1brica <span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>consiguiendo <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>reducci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>emisiones <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>olor desde <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>inicio <span class=\"_ _f\"></span>del proyecto en el a\u00f1o 2010.<span class=\"_ _3\"></span> La  gesti\u00f3n  responsable  de  los  recursos  h\u00eddricos  es  otra  de  las  principales  prioridades  en  materia  de sostenibilidad<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>en consecuencia, <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>trabaja <span class=\"_ _2\"></span>tanto <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _2\"></span>mejorar <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>eficiencia <span class=\"_ _d\"></span>en el <span class=\"_ _d\"></span>cons<span class=\"_ _3\"></span>umo <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>calidad de <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>efluentes. <span class=\"_ _f\"></span>As<span class=\"_ _3\"></span>\u00ed, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>aplicaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _10\"></span>metodolog\u00eda <span class=\"_ _10\"></span>TQM <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ajus<span class=\"_ _3\"></span>tes <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>ceso <span class=\"_ _0\"></span>permiten <span class=\"_ _0\"></span>mejorar <span class=\"_ _10\"></span>la eficiencia y maximizar la reutil<span class=\"_ _3\"></span>izaci\u00f3n de agua.<span class=\"_ _3\"></span> En <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>contexto, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>mejorar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>resilienc<span class=\"_ _3\"></span>ia d<span class=\"_ _3\"></span>e la <span class=\"_ _f\"></span>Biof\u00e1brica <span class=\"_ _3\"></span>de Po<span class=\"_ _3\"></span>ntevedra <span class=\"_ _3\"></span>ante <span class=\"_ _3\"></span>episod<span class=\"_ _3\"></span>ios <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>bajada <span class=\"_ _3\"></span>de caudal <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>r\u00edo <span class=\"_ _0\"></span>L\u00e9rez <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>\u00e9pocas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>sequ<span class=\"_ _3\"></span>\u00eda, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>biof\u00e1b<span class=\"_ _3\"></span>rica <span class=\"_ _10\"></span>dispone <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>sistema <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> tratamiento <span class=\"_ _3\"></span>terciario<span class=\"_ _3\"></span> <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>permit<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>recircular <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>efluente <span class=\"_ _f\"></span>industrial <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>ser <span class=\"_ _3\"></span>empleado <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>proceso <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> fabricaci\u00f3n. Adem\u00e1s<span class=\"_ _3\"></span>, se ha puesto el \u00e9nfasis<span class=\"_ _3\"></span> en reforzar la i<span class=\"_ _3\"></span>nfraestructura d<span class=\"_ _3\"></span>e captaci\u00f3n de agua <span class=\"_ _3\"></span>para dotar al <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>istema <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>mayor <span class=\"_ _0\"></span>robustez <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>evitar <span class=\"_ _0\"></span>posibles <span class=\"_ _10\"></span>ineficiencias <span class=\"_ _0\"></span>Tod<span class=\"_ _3\"></span>as <span class=\"_ _0\"></span>estas <span class=\"_ _10\"></span>medidas <span class=\"_ _0\"></span>est\u00e1n <span class=\"_ _10\"></span>or<span class=\"_ _3\"></span>ientadas <span class=\"_ _10\"></span>para<span class=\"_ _2\"></span> garantizar la activ<span class=\"_ _3\"></span>idad de la biof\u00e1brica en situ<span class=\"_ _3\"></span>aciones de sequ\u00eda <span class=\"_ _3\"></span>y mitigar de esta forma es<span class=\"_ _3\"></span>te riesgo.<span class=\"_ _f\"></span> En <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>a\u00f1o <span class=\"_ _0\"></span>2025, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Autorizaci\u00f3n <span class=\"_ _10\"></span>Ambiental <span class=\"_ _0\"></span>Integrada <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>biof\u00e1b<span class=\"_ _3\"></span>rica, <span class=\"_ _0\"></span>fue <span class=\"_ _10\"></span>actualizada <span class=\"_ _0\"></span>para, <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>otros, incluir la actualizaci\u00f3n<span class=\"_ _3\"></span> del tratamiento de efluentes a<span class=\"_ _3\"></span>l incorporar <span class=\"_ _3\"></span>la recirculaci\u00f3n del efluente trata<span class=\"_ _3\"></span>do. <span class=\"_ _3\"></span> En <span class=\"_ _3\"></span>cuanto <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>vertido <span class=\"_ _3\"></span>l\u00edqu<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>biof\u00e1brica <span class=\"_ _3\"></span>Pontevedra<span class=\"_ _3\"></span>, en <span class=\"_ _3\"></span>2025, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>mantien<span class=\"_ _3\"></span>en los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>resultados <span class=\"_ _3\"></span>alcanza<span class=\"_ _3\"></span>dos a\u00f1os <span class=\"_ _3\"></span>an<span class=\"_ _3\"></span>teriores. <span class=\"_ _3\"></span>Todos <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>par\u00e1metros <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>efluente <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la p<span class=\"_ _3\"></span>lanta <span class=\"_ _f\"></span>se s<span class=\"_ _3\"></span>ituaron <span class=\"_ _3\"></span>muy <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>debajo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l\u00edmites fijados en <span class=\"_ _3\"></span>la AAI, <span class=\"_ _3\"></span>entre los<span class=\"_ _3\"></span> qu<span class=\"_ _3\"></span>e cabe d<span class=\"_ _3\"></span>estacar <span class=\"_ _3\"></span>la DQO <span class=\"_ _3\"></span>(De<span class=\"_ _3\"></span>manda <span class=\"_ _3\"></span>Qu\u00edmica de <span class=\"_ _3\"></span>Ox\u00edgeno), <span class=\"_ _3\"></span>principal medida <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>calidad <span class=\"_ _f\"></span>del efluente, <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>mejor\u00f3 <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>55% el <span class=\"_ _3\"></span>l\u00edmit<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>marcado <span class=\"_ _f\"></span>en la <span class=\"_ _f\"></span>autorizaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vertido, <span class=\"_ _f\"></span>situ\u00e1ndose <span class=\"_ _3\"></span>en 3.06 kg/tAD, frente <span class=\"_ _2\"></span>al m\u00e1ximo establecido en 7 kg/tAD. La e<span class=\"_ _2\"></span>voluci\u00f3n de este da<span class=\"_ _2\"></span>to confirma los<span class=\"_ _3\"></span> avances q<span class=\"_ _2\"></span>ue la <span class=\"_ _3\"></span>biof\u00e1brica <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>logrado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la calid<span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>efluente final <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>DQO <span class=\"_ _3\"></span>mejora <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>85% el <span class=\"_ _3\"></span>rango <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span>perior de <span class=\"_ _f\"></span>referencia <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>marcan <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>mejores <span class=\"_ _f\"></span>pr\u00e1cticas <span class=\"_ _f\"></span>ambiental<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>BREF <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>sector <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>celulosa <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>este par\u00e1metro, lo que la s<span class=\"_ _3\"></span>it\u00faa como una <span class=\"_ _3\"></span>planta de referencia.<span class=\"_ _3\"></span> 124<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 Otro de los objetivos <span class=\"_ _2\"></span>ambientales de Ence pasa <span class=\"_ _2\"></span>consiste en re<span class=\"_ _2\"></span>ducir las emisiones a la <span class=\"_ _2\"></span>atm\u00f3sfera. Por e<span class=\"_ _2\"></span>llo, el seguimiento <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>mejora <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>\u00e1metros <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>emisi\u00f3n <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>otro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>bjetivos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>gesti\u00f3n <span class=\"_ _f\"></span>ambiental <span class=\"_ _3\"></span>de la <span class=\"_ _f\"></span>biof\u00e1brica. <span class=\"_ _f\"></span>Para <span class=\"_ _f\"></span>ello <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>disponen <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>sistemas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>medici\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>continuo <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>monitorizan <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>principales par\u00e1metros <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>emisi\u00f3n, <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>egurando <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>s\u00f3lo <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>superan <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>l\u00edmites <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>emisi\u00f3n <span class=\"_ _3\"></span>establecidos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de la <span class=\"_ _f\"></span>Autorizaci\u00f3n <span class=\"_ _f\"></span>Ambi<span class=\"_ _3\"></span>ental <span class=\"_ _f\"></span>Integrada,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>sino <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>iguen <span class=\"_ _f\"></span>mejorar <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>forma <span class=\"_ _f\"></span>continua<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>En <span class=\"_ _10\"> </span>este <span class=\"_ _f\"></span>sentido, cabe <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>estacar <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>mejora <span class=\"_ _2\"></span>conseguid<span class=\"_ _3\"></span>a <span class=\"_ _d\"></span>en la <span class=\"_ _d\"></span>emisi\u00f3n <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>part\u00edcu<span class=\"_ _3\"></span>las <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la caldera <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>Biomasa <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _d\"></span>permiti\u00f3 <span class=\"_ _2\"></span>desd<span class=\"_ _3\"></span>e 2024 <span class=\"_ _0\"></span>adelanta<span class=\"_ _3\"></span>rse <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>nu<span class=\"_ _3\"></span>evas <span class=\"_ _0\"></span>exigencias <span class=\"_ _10\"></span>legales <span class=\"_ _0\"></span>aplicab<span class=\"_ _3\"></span>les <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>2025, <span class=\"_ _0\"></span>habi\u00e9ndos<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>mantenido<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>nivel <span class=\"_ _0\"></span>de cumplimiento desde ento<span class=\"_ _3\"></span>nces. Negocio Energ\u00eda Ren<span class=\"_ _3\"></span>ovable  En <span class=\"_ _10\"> </span>2025, <span class=\"_ _10\"> </span>cabe <span class=\"_ _10\"> </span>destacar <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>actualizaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>matrices <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>grupos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _10\"></span>c<span class=\"_ _2\"></span>omo <span class=\"_ _10\"></span>los <span class=\"_ _10\"> </span>diversos estudios <span class=\"_ _3\"></span>sociales <span class=\"_ _3\"></span>que se <span class=\"_ _3\"></span>est\u00e1n <span class=\"_ _3\"></span>realizando qu<span class=\"_ _3\"></span>e permitir\u00e1n <span class=\"_ _3\"></span>a l<span class=\"_ _3\"></span>a empresa <span class=\"_ _3\"></span>estar <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>cerca de<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>stakeholders e involucrar el vector s<span class=\"_ _3\"></span>ocial en todos<span class=\"_ _3\"></span> los proy<span class=\"_ _3\"></span>ectos desde el inicio. Adem\u00e1s, <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>ha seguido <span class=\"_ _d\"></span>tra<span class=\"_ _3\"></span>bajando en <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>acciones <span class=\"_ _2\"></span>establecidas en <span class=\"_ _d\"></span>2024 como <span class=\"_ _2\"></span>fruto <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>mapa de <span class=\"_ _d\"></span>agu<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>plan de descarbonizaci\u00f3n<span class=\"_ _3\"></span>. En <span class=\"_ _d\"></span>cuan<span class=\"_ _3\"></span>to <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>gesti\u00f3n <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>residuos, <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>sigue <span class=\"_ _2\"></span>avanzando <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>diversos <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>royectos <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>valorizaci\u00f3n, <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _d\"></span>permitir\u00e1n dar <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>segundo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>us<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>residuos <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>peligros<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>generan <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>tas. <span class=\"_ _f\"></span>En <span class=\"_ _3\"></span>este <span class=\"_ _f\"></span>\u00e1mbito <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>econom\u00eda circular, <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>plan<span class=\"_ _3\"></span>tas <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>energ\u00eda <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>ha <span class=\"_ _10\"> </span>trabaj<span class=\"_ _3\"></span>ado <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>varios <span class=\"_ _10\"> </span>proyectos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>investigaci\u00f3n <span class=\"_ _13\"> </span>para <span class=\"_ _10\"> </span>lograr <span class=\"_ _13\"> </span>la valorizaci\u00f3n <span class=\"_ _f\"></span>de escoria<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>cenizas <span class=\"_ _f\"></span>y dotarles <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>nuevo <span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>enmiendas <span class=\"_ _3\"></span>org\u00e1nicas <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>generaci\u00f3n <span class=\"_ _3\"></span>de \u00e1ridos artificiales, entre otro<span class=\"_ _3\"></span>s. Destacan las<span class=\"_ _3\"></span> siguientes iniciativ<span class=\"_ _3\"></span>as realizadas en 2025:<span class=\"_ _3\"></span> \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">Desde <span class=\"_ _19\"> </span>el <span class=\"_ _15\"> </span>tercer <span class=\"_ _19\"> </span>trimestre <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>2025, <span class=\"_ _15\"> </span>Las <span class=\"_ _19\"> </span>cenizas <span class=\"_ _15\"> </span>generad<span class=\"_ _3\"></span>as <span class=\"_ _19\"> </span>por <span class=\"_ _19\"> </span>u<span class=\"_ _3\"></span>na <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>las <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>lantas <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>Huelva, </span></span>consideradas<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>subproducto<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>destinan <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>una <span class=\"_ _10\"> </span>explotaci\u00f3n <span class=\"_ _13\"> </span>minera <span class=\"_ _10\"></span>subterr\u00e1nea <span class=\"_ _10\"> </span>para <span class=\"_ _13\"> </span>reemplazar <span class=\"_ _10\"> </span>la pasta de relleno utiliza<span class=\"_ _3\"></span>da habitualmente. <span class=\"_ _3\"></span> \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">Se ha logrado la<span class=\"_ _3\"></span> catalogaci\u00f3n como s<span class=\"_ _3\"></span>ubproducto d<span class=\"_ _3\"></span>e las cenizas de HU 46 en Huelva.<span class=\"_ _f\"></span> </span></span>\u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">Se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>continuado <span class=\"_ _0\"></span>cola<span class=\"_ _3\"></span>borando <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>difere<span class=\"_ _2\"></span>ntes <span class=\"_ _10\"></span>asociaciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>otros <span class=\"_ _0\"></span>sectores <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>fabricantes <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> </span></span>\u00e1ridos, <span class=\"_ _16\"> </span>asfaltos,  cementeras, <span class=\"_ _16\"> </span>miner\u00eda,  etc., <span class=\"_ _16\"> </span>para <span class=\"_ _16\"> </span>poner  en <span class=\"_ _16\"> </span>valor <span class=\"_ _16\"> </span>la  posible <span class=\"_ _16\"> </span>incorporaci\u00f3n  de <span class=\"_ _16\"> </span>los materiales <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>istintos <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>rocesos <span class=\"_ _0\"></span>prod<span class=\"_ _3\"></span>uctivos, <span class=\"_ _0\"></span>fomentan<span class=\"_ _3\"></span>do<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>simbiosis <span class=\"_ _10\"></span>industrial <span class=\"_ _0\"></span>entre sectores.  \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">Dentro de <span class=\"_ _d\"></span>las iniciativas asociadas a <span class=\"_ _d\"></span>la me<span class=\"_ _2\"></span>jora continua, <span class=\"_ _2\"></span>Ence <span class=\"_ _2\"></span>sigue <span class=\"_ _2\"></span>apostand<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>proyectos I+D+I <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> </span></span>alto <span class=\"_ _10\"></span>potencial <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>es <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>caso <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>planta <span class=\"_ _0\"></span>piloto <span class=\"_ _10\"> </span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>creaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>tecnosuelos <span class=\"_ _10\"> </span>destinado<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>a recuperar <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>entorno <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>instalaciones<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>mineras <span class=\"_ _f\"></span>gracias <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>capacidad <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>remediaci\u00f3n <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>apo<span class=\"_ _3\"></span>rtar\u00edan los <span class=\"_ _f\"></span>suelos <span class=\"_ _f\"></span>artificiales <span class=\"_ _3\"></span>creados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>mayorita<span class=\"_ _3\"></span>riamente <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>residuos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>plantas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Ence, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>la creaci\u00f3n de un mortero e<span class=\"_ _3\"></span>col\u00f3gico haciendo<span class=\"_ _3\"></span> uso de las ceniz<span class=\"_ _3\"></span>as de las cald<span class=\"_ _3\"></span>eras de biomasa. <span class=\"_ _3\"></span> \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">Contin\u00faa <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>iniciativa, <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>uesta <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>marcha <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2022, <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>devoluci\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>origen <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>finos <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>llegan </span></span>con <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>biomasa <span class=\"_ _0\"></span>para <span class=\"_ _f\"></span>evita<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>degradaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>suelo <span class=\"_ _0\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>explot<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _f\"></span>agr\u00edcola <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ilv\u00edcola. <span class=\"_ _f\"></span>Con <span class=\"_ _f\"></span>esta<span class=\"_ _3\"></span> iniciativa <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>devu<span class=\"_ _3\"></span>elve <span class=\"_ _19\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _15\"> </span>material <span class=\"_ _15\"> </span>natu<span class=\"_ _3\"></span>ral <span class=\"_ _15\"> </span>con <span class=\"_ _15\"> </span>valor<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>para <span class=\"_ _19\"> </span>la <span class=\"_ _15\"> </span>lu<span class=\"_ _3\"></span>cha <span class=\"_ _15\"> </span>contra <span class=\"_ _15\"> </span>la <span class=\"_ _17\"> </span>desertificaci\u00f3n <span class=\"_ _15\"> </span>y degradaci\u00f3n del su<span class=\"_ _3\"></span>elo.  \u2713<span class=\"ff4\"> <span class=\"_ _45\"> </span><span class=\"ff3 fc0_1\">Se <span class=\"_ _3\"></span>han <span class=\"_ _f\"></span>iniciado <span class=\"_ _3\"></span>pruebas <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>diferentes <span class=\"_ _f\"></span>empresas <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>valorizaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>enizas <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>escorias <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las </span></span>plantas d<span class=\"_ _3\"></span>e energ\u00eda a lo largo del a\u00f1o, tras la<span class=\"_ _3\"></span> firma de nuevos acuerdos d<span class=\"_ _3\"></span>e colaboraci\u00f3n.<span class=\"_ _f\"></span> Ence tambi\u00e9n mantiene la <span class=\"_ _2\"></span>realizaci\u00f3n de estudios y colaboraciones con entidades e<span class=\"_ _2\"></span>specializadas<span class=\"_ _3\"></span>, como por<span class=\"_ _2\"></span> ejemplo <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Consejo <span class=\"_ _f\"></span>Superior <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Investigaciones <span class=\"_ _f\"></span>Cient\u00edficas <span class=\"_ _3\"></span>(CSIC), <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>seguir <span class=\"_ _f\"></span>explorando <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>aptitudes <span class=\"_ _f\"></span>de los <span class=\"_ _2\"></span>residuos <span class=\"_ _2\"></span>producidos por <span class=\"_ _d\"></span>la <span class=\"_ _d\"></span>combus<span class=\"_ _3\"></span>ti\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>biomasa <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>M<span class=\"_ _3\"></span>agnon <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iferentes <span class=\"_ _2\"></span>aplicaciones, <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>pueden ser la <span class=\"_ _3\"></span>generaci\u00f3n de <span class=\"_ _3\"></span>suelos <span class=\"_ _3\"></span>artificiales y/o <span class=\"_ _3\"></span>tecnosuelos, <span class=\"_ _3\"></span>preparaci\u00f3n <span class=\"_ _3\"></span>de mortero, <span class=\"_ _3\"></span>mejoras <span class=\"_ _3\"></span>de material<span class=\"_ _3\"></span>es de construcci\u00f3n y<span class=\"_ _3\"></span> aditivos de resinas, entre otro<span class=\"_ _3\"></span>s. Centro de Oper<span class=\"_ _3\"></span>aciones de Huelva<span class=\"_ _3\"></span> 125<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 El centro de operaciones de <span class=\"_ _2\"></span>Huelva es un exponente en la producci\u00f3n de e<span class=\"_ _2\"></span>nerg\u00eda renovable con biomasa al albergar tres de los p<span class=\"_ _3\"></span>rincipales centros d<span class=\"_ _3\"></span>e generaci\u00f3n de energ\u00eda con<span class=\"_ _3\"></span> las plantas<span class=\"_ _3\"></span> de HU41, HU50 y HU46.<span class=\"_ _f\"></span> En <span class=\"_ _13\"> </span>materia <span class=\"_ _10\"> </span>ambiental, <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2025, <span class=\"_ _13\"> </span>todos <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>par\u00e1metros <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>emisiones <span class=\"_ _10\"> </span>atmosf\u00e9ricas <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>calid<span class=\"_ _3\"></span>ad <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>aire <span class=\"_ _10\"> </span>se mantienen por debajo<span class=\"_ _3\"></span> de los l\u00edmites establecidos<span class=\"_ _3\"></span> en la AAI.<span class=\"_ _3\"></span> Centro de Oper<span class=\"_ _3\"></span>aciones de M\u00e9rida<span class=\"_ _3\"></span> Durante el <span class=\"_ _3\"></span>2025 M\u00e9rida <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>niveles d<span class=\"_ _3\"></span>e cumplimien<span class=\"_ _3\"></span>to ambiental <span class=\"_ _3\"></span>en cuan<span class=\"_ _3\"></span>to a <span class=\"_ _3\"></span>niveles de la <span class=\"_ _3\"></span>AAI as<span class=\"_ _3\"></span>\u00ed como de los objetiv<span class=\"_ _3\"></span>os de compa\u00f1\u00eda esta<span class=\"_ _3\"></span>blecidos para 2025.<span class=\"_ _3\"></span> Centro de Oper<span class=\"_ _3\"></span>aciones de Enemansa <span class=\"_ _3\"></span> Durante <span class=\"_ _10\"> </span>2025 <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>instalaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ha <span class=\"_ _10\"> </span>retomado <span class=\"_ _10\"> </span>su <span class=\"_ _10\"> </span>actividad<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>asegurando <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>cumplimiento <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>par\u00e1metros<span class=\"_ _3\"></span> ambientales de aplicaci\u00f3n.<span class=\"_ _3\"></span> La  planta <span class=\"_ _13\"> </span>se  encuentra <span class=\"_ _13\"> </span>adaptada  a  la<span class=\"_ _2\"></span>s  Mejores <span class=\"_ _13\"> </span>T\u00e9cnicas  Disponibles  de <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>Grandes  Instalaciones <span class=\"_ _13\"> </span>de Combusti\u00f3n destacand<span class=\"_ _3\"></span>o su avanzado sistema de depuraci\u00f3n de emisiones de <span class=\"_ _2\"></span>NOx deno<span class=\"_ _3\"></span>minado Sistema de Reducci\u00f3n Catal\u00edtica.<span class=\"_ _3\"></span> Centro de Oper<span class=\"_ _3\"></span>aciones de La Loma<span class=\"_ _3\"></span> Durante 2025 se han<span class=\"_ _3\"></span> mantenido los<span class=\"_ _3\"></span> cumplimientos de los par\u00e1metros<span class=\"_ _3\"></span> ambientales establ<span class=\"_ _3\"></span>ecidos. <span class=\"_ _3\"></span> Con <span class=\"_ _3\"></span>relaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>emision<span class=\"_ _3\"></span>es, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sens<span class=\"_ _3\"></span>ibilizada <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ituaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>calidad <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>aire <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>municipio <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>r\u00f3ximo <span class=\"_ _3\"></span>de Villanueva  del  Arzob<span class=\"_ _3\"></span>ispo,  la  planta  mantiene  unos  resu<span class=\"_ _3\"></span>ltados  excelentes  en  la  emisi\u00f3n <span class=\"_ _16\"> </span>de  part\u00edculas provenientes  de <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>caldera <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>biomasa.  Destacan  la <span class=\"_ _13\"> </span>mejora <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>todos  los <span class=\"_ _13\"> </span>par\u00e1metros  ambie<span class=\"_ _2\"></span>ntales  de emisiones, vertidos y<span class=\"_ _3\"></span> gesti\u00f3n de residuos.<span class=\"_ _3\"></span> Centro de Ope<span class=\"_ _3\"></span>raciones de Lucena <span class=\"_ _3\"></span> En 2025 se ha <span class=\"_ _3\"></span>continuad<span class=\"_ _3\"></span>o con la modif<span class=\"_ _3\"></span>icaci\u00f3n de los<span class=\"_ _3\"></span> puntos d<span class=\"_ _3\"></span>e vertido y se ha <span class=\"_ _3\"></span>mantenido<span class=\"_ _3\"></span> el cumplimiento de los par\u00e1metros a<span class=\"_ _3\"></span>mbientales estab<span class=\"_ _3\"></span>lecidos en la AAI.<span class=\"_ _3\"></span> Centro de Oper<span class=\"_ _3\"></span>aciones de Biollano (Puertollano). <span class=\"_ _3\"></span><span class=\"ff8\"> </span>En <span class=\"_ _f\"></span>materia <span class=\"_ _f\"></span>ambiental, <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>trabajo <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>continuado <span class=\"_ _f\"></span>centrado <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>reducci\u00f3n <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>mantenimiento <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la<span class=\"_ _3\"></span> mejora en emisiones a la<span class=\"_ _3\"></span> atm\u00f3sfera. <span class=\"ff2 fc2\"> <span class=\"_ _3\"></span> </span>Anex<span class=\"_ _d\"></span>o II \u2013 Estados financieros por Negocios<span class=\"_ _65\"> </span>ENCE ENERG\u00cdA Y CE<span class=\"_ _3\"></span>LULOSA, S.A. Y SOCIEDADES DEPE<span class=\"_ _3\"></span>NDIENTES<span class=\"_ _3\"></span> ESTADOS DE SITUACI\u00d3N F<span class=\"_ _3\"></span>INANCIERA CONSOL<span class=\"_ _3\"></span>IDADOS POR NE<span class=\"_ _3\"></span>GOCIOS AL 31 DE<span class=\"_ _3\"></span> DICIEMBRE<span class=\"_ _3\"></span> DE 2025 Y 2024 202<span class=\"ls0_1\">5 </span>202<span class=\"ls0_1\">4 </span><table class=\"s w4c1 h21e\" id=\"_4fd62637-a228-4500-af66-e7374f27a886\"><tr><td></td><td class=\"c x71c y1648 w44 h68\"><div class=\"t_1 m0_1 x3a h58 yccd ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div></td><td class=\"t_1 m0_1 x71d h58 y1649 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </td><td class=\"c x71e y1648 w22f h68\"><div class=\"t_1 m0_1 x30 h58 yccd ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y </div></td><td class=\"t_1 m0_1 x71f h58 y164a ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL </td><td class=\"c x720 y1648 we7 h68\"><div class=\"t_1 m0_1 x86 h58 yccd ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div></td><td class=\"t_1 m0_1 x721 h58 y164a ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </td><td class=\"c x722 y1648 w231 h68\"><div class=\"t_1 m0_1 xc7 h58 yccd ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y </div></td><td class=\"c x723 y1648 w12 h68\"><div class=\"t_1 m0_1 x2e h58 yccd ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL </div></td></tr><tr><td class=\"c x724 y1648 w185 h68\"><div class=\"t_1 m0_1 x10 h20 y506 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x71c y1648 w44 h68\"><div class=\"t_1 m0_1 x1f h58 ycce ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa </div></td><td class=\"t_1 m0_1 x725 h58 y164b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables  </td><td class=\"c x71e y1648 w22f h68\"><div class=\"t_1 m0_1 x31 h58 ycce ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminaciones </div></td><td class=\"t_1 m0_1 x726 h58 y164c ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CONSOLIDAD<span class=\"_ _65\"> </span></td><td class=\"c x720 y1648 we7 h68\"><div class=\"t_1 m0_1 xe h58 ycce ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa </div></td><td class=\"t_1 m0_1 x727 h58 y164c ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovable<span class=\"_ _65\"> </span></td><td class=\"c x722 y1648 w231 h68\"><div class=\"t_1 m0_1 x82 h58 ycce ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminaciones </div></td><td class=\"c x723 y1648 w12 h68\"><div class=\"t_1 m0_1 x10 h58 ycce ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CONSOLIDADO </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_1 m0_1 x728 h58 y164d ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">O </td><td></td><td class=\"t_1 m0_1 x729 h58 y164d ff2 fs4 fc0_1 sc0_1 ls30 ws0_1\">s <span class=\"ls0_1\"> </span></td><td></td><td></td></tr><tr><td class=\"c x724 y164e w185 h72\"><div class=\"t_1 m0_1 x10 h58 y70 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ACTIVO NO CORRIENTE: </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x724 y164f w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio </div></td><td class=\"c x71c y164f w44 h1d\"><div class=\"t_1 m0_1 x45 h58 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td><td class=\"c x72a y164f w6_1 h1d\"><div class=\"t_1 m0_1 x20 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.820    </div></td><td class=\"c x71e y164f w22f h1d\"><div class=\"t_1 m0_1 x23 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y164f w230 h1d\"><div class=\"t_1 m0_1 x20 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.820    </div></td><td class=\"c x720 y164f we7 h1d\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x72c y164f wb7 h1d\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.813 </div></td><td class=\"c x722 y164f w231 h1d\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y164f w12 h1d\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.813 </div></td></tr><tr><td class=\"c x724 y1650 w185 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activo intangible </div></td><td class=\"c x71c y1650 w44 h72\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.865    </div></td><td class=\"c x72a y1650 w6_1 h72\"><div class=\"t_1 m0_1 x22 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">51.523    </div></td><td class=\"c x71e y1650 w22f h72\"><div class=\"t_1 m0_1 xb3 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(10.983)    </div></td><td class=\"c x72b y1650 w230 h72\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">61.405    </div></td><td class=\"c x720 y1650 we7 h72\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.167 </div></td><td class=\"c x72c y1650 wb7 h72\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52.431 </div></td><td class=\"c x722 y1650 w231 h72\"><div class=\"t_1 m0_1 xb3 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.559) </div></td><td class=\"c x723 y1650 w12 h72\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">60.039 </div></td></tr><tr><td class=\"c x724 y1651 w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Propiedad, planta y equipo </div></td><td class=\"c x71c y1651 w44 h1d\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">648.179    </div></td><td class=\"c x72a y1651 w6_1 h1d\"><div class=\"t_1 m0_1 x3a h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">370.998    </div></td><td class=\"c x71e y1651 w22f h1d\"><div class=\"t_1 m0_1 x20 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.141)    </div></td><td class=\"c x72b y1651 w230 h1d\"><div class=\"t_1 m0_1 x19 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.014.036    </div></td><td class=\"c x720 y1651 we7 h1d\"><div class=\"t_1 m0_1 x1_1 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">608.602 </div></td><td class=\"c x72c y1651 wb7 h1d\"><div class=\"t_1 m0_1 x19 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">372.438 </div></td><td class=\"c x722 y1651 w231 h1d\"><div class=\"t_1 m0_1 x14 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.420) </div></td><td class=\"c x723 y1651 w12 h1d\"><div class=\"t_1 m0_1 x1e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">974.620 </div></td></tr><tr><td class=\"c x724 y1652 w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos biol\u00f3gicos </div></td><td class=\"c x71c y1652 w44 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">65.201    </div></td><td class=\"c x72a y1652 w6_1 h1d\"><div class=\"t_1 m0_1 x58 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">174   <span class=\"ls0_1\"> </span></div></td><td class=\"c x71e y1652 w22f h1d\"><div class=\"t_1 m0_1 x23 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y1652 w230 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">65.375    </div></td><td class=\"c x720 y1652 we7 h1d\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">66.071 </div></td><td class=\"c x72c y1652 wb7 h1d\"><div class=\"t_1 m0_1 x11 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">251<span class=\"ls0_1\"> </span></div></td><td class=\"c x722 y1652 w231 h1d\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y1652 w12 h1d\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">66.322 </div></td></tr><tr><td class=\"t_1 m0_1 x72d h20 y1653 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inversiones contabilizadas por el m\u00e9todo de la </td><td class=\"c x71c y1654 w44 h72\"><div class=\"t_1 m0_1 x1a h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">66   <span class=\"ls0_1\"> </span></div></td><td class=\"c x72a y1654 w6_1 h72\"><div class=\"t_1 m0_1 x1a h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30   <span class=\"ls0_1\"> </span></div></td><td class=\"c x71e y1654 w22f h72\"><div class=\"t_1 m0_1 x23 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y1654 w230 h72\"><div class=\"t_1 m0_1 x1a h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">96   <span class=\"ls0_1\"> </span></div></td><td class=\"c x720 y1654 we7 h72\"><div class=\"t_1 m0_1 x1e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">53   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x72c y1654 wb7 h72\"><div class=\"t_1 m0_1 x20 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">24   <span class=\"ls0_1\"> </span></span></div></td><td></td><td class=\"c x723 y1654 w12 h72\"><div class=\"t_1 m0_1 x41 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">77   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x724 y1655 w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos financieros a largo plazo- </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_1 m0_1 x72e h20 y1656 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </td><td></td></tr><tr><td class=\"c x724 y1657 w185 h72\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cartera de valores </div></td><td class=\"c x71c y1657 w44 h72\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">113.966    </div></td><td class=\"c x72a y1657 w6_1 h72\"><div class=\"t_1 m0_1 x35 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3)    </div></td><td class=\"c x71e y1657 w22f h72\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(113.963)    </div></td><td class=\"c x72b y1657 w230 h72\"><div class=\"t_1 m0_1 x45 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"t_1 m0_1 x72f h20 y1658 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">113.9<span class=\"_ _65\"> </span></td><td class=\"c x72c y1657 wb7 h72\"><div class=\"t_1 m0_1 x35 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x722 y1657 w231 h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(113.963) </div></td><td class=\"c x723 y1657 w12 h72\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x724 y1659 w185 h1d\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cr\u00e9ditos a empresas del grupo y asociadas </div></td><td class=\"c x71c y1659 w44 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.390    </div></td><td class=\"c x72a y1659 w6_1 h1d\"><div class=\"t_1 m0_1 x4a h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x71e y1659 w22f h1d\"><div class=\"t_1 m0_1 xb3 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(59.390)    </div></td><td class=\"c x72b y1659 w230 h1d\"><div class=\"t_1 m0_1 x45 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"t_1 m0_1 x72f h20 y165a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">65.71<span class=\"_ _65\"> </span></td><td class=\"c x72c y1659 wb7 h1d\"><div class=\"t_1 m0_1 x35 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x722 y1659 w231 h1d\"><div class=\"t_1 m0_1 xb3 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(65.719) </div></td><td class=\"c x723 y1659 w12 h1d\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x724 y165b w185 h72\"><div class=\"t_1 m0_1 x1f h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura  </div></td><td class=\"c x71c y165b w44 h72\"><div class=\"t_1 m0_1 x45 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x72a y165b w6_1 h72\"><div class=\"t_1 m0_1 x58 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">228   <span class=\"ls0_1\"> </span></div></td><td class=\"c x71e y165b w22f h72\"><div class=\"t_1 m0_1 x23 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y165b w230 h72\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">228   <span class=\"ls0_1\"> </span></div></td><td class=\"c x731 y165d w31a h21f\"><div class=\"t_1 m0_1 x1c9 h20 y165c ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9</div><div class=\"t_1 m0_1 x730 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c x72c y165b wb7 h72\"><div class=\"t_1 m0_1 x35 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x722 y165b w231 h72\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y165b w12 h72\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x724 y165e w185 ha2\"><div class=\"t_1 m0_1 x1f h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras inversiones financieras </div></td><td class=\"c x71c y165e w44 ha2\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.274    </div></td><td class=\"c x72a y165e w6_1 ha2\"><div class=\"t_1 m0_1 x22 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.130    </div></td><td class=\"c x71e y165e w22f ha2\"><div class=\"t_1 m0_1 x23 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y165e w230 ha2\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.404    </div></td><td class=\"c x720 y165e we7 ha2\"><div class=\"t_1 m0_1 x1_1 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.507    </span></div></td><td class=\"c x72c y165e wb7 ha2\"><div class=\"t_1 m0_1 x19 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">30.902    </span></div></td><td></td><td class=\"c x723 y165e w12 ha2\"><div class=\"t_1 m0_1 xcb h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">50.409    </span></div></td></tr><tr><td class=\"c x724 y165f w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos por impuestos diferidos </div></td><td class=\"c x71c y165f w44 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">49.199    </div></td><td class=\"c x72a y165f w6_1 h1d\"><div class=\"t_1 m0_1 x22 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.219    </div></td><td class=\"c x71e y165f w22f h1d\"><div class=\"t_1 m0_1 x58 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.757    </div></td><td class=\"c x72b y165f w230 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">79.175    </div></td><td class=\"c x720 y165f we7 h1d\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35.209 </div></td><td class=\"c x72c y165f wb7 h1d\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.877 </div></td><td class=\"c x733 y1660 w4c2 h21f\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.901</div><div class=\"t_1 m0_1 x732 h20 y165c ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c x723 y165f w12 h1d\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">61.987 </div></td></tr><tr><td class=\"c x724 y1661 w185 h25\"><div class=\"t_1 m0_1 x10 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ACTIVO CORRIENTE: </div></td><td class=\"c x71c y1662 w44 h26\"><div class=\"t_1 m0_1 x3a h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">967.140   <span class=\"ls0_1\"> </span></div></td><td class=\"c x72a y1662 w6_1 h26\"><div class=\"t_1 m0_1 x3a h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">469.119   <span class=\"ls0_1\"> </span></div></td><td class=\"c x71e y1662 w22f h26\"><div class=\"t_1 m0_1 x13 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(186.720)    </div></td><td class=\"c x72b y1662 w230 h26\"><div class=\"t_1 m0_1 x19 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.249.539   <span class=\"ls0_1\"> </span></div></td><td class=\"c x720 y1662 we7 h26\"><div class=\"t_1 m0_1 x1_1 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">928.291<span class=\"ls0_1\"> </span></div></td><td class=\"c x72c y1662 wb7 h26\"><div class=\"t_1 m0_1 x2b h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">484.736<span class=\"ls0_1\"> </span></div></td><td class=\"c x722 y1662 w231 h26\"><div class=\"t_1 m0_1 x13 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(194.760) </div></td><td class=\"c x723 y1662 w12 h26\"><div class=\"t_1 m0_1 x13 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.218.267<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x724 y1663 w185 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Existencias </div></td><td class=\"c x71c y1663 w44 h72\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">75.877    </span></div></td><td class=\"c x72a y1663 w6_1 h72\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.269    </span></div></td><td class=\"c x71e y1663 w22f h72\"><div class=\"t_1 m0_1 x37 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y1663 w230 h72\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">92.146    </span></div></td><td class=\"c x720 y1663 we7 h72\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">82.074 </div></td><td class=\"c x72c y1663 wb7 h72\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.532 </div></td><td class=\"c x722 y1663 w231 h72\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y1663 w12 h72\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">94.606 </div></td></tr><tr><td class=\"c x724 y1664 w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores comerciales y otras cuentas a cobrar </div></td><td class=\"c x71c y1664 w44 h1d\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">13.548    </span></div></td><td class=\"c x72a y1664 w6_1 h1d\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">20.285    </span></div></td><td class=\"c x71e y1664 w22f h1d\"><div class=\"t_1 m0_1 x20 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.465)    </div></td><td class=\"c x72b y1664 w230 h1d\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">31.368    </span></div></td><td class=\"c x720 y1664 we7 h1d\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">25.194 </div></td><td class=\"c x72c y1664 wb7 h1d\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.730 </div></td><td class=\"c x722 y1664 w231 h1d\"><div class=\"t_1 m0_1 x14 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.040) </div></td><td class=\"c x723 y1664 w12 h1d\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">50.884 </div></td></tr><tr><td class=\"c x724 y1665 w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administraciones P\u00fablicas deudoras </div></td><td class=\"c x71c y1665 w44 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.474    </span></div></td><td class=\"c x72a y1665 w6_1 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.460    </span></div></td><td class=\"c x71e y1665 w22f h1d\"><div class=\"t_1 m0_1 x37 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y1665 w230 h1d\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">13.934    </span></div></td><td class=\"c x720 y1665 we7 h1d\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.280 </div></td><td class=\"c x72c y1665 wb7 h1d\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.275 </div></td><td class=\"c x722 y1665 w231 h1d\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y1665 w12 h1d\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.555 </div></td></tr><tr><td class=\"c x724 y1666 w185 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto sobre beneficios, deudor </div></td><td class=\"c x71c y1666 w44 h72\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.924    </span></div></td><td class=\"c x72a y1666 w6_1 h72\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">578   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x71e y1666 w22f h72\"><div class=\"t_1 m0_1 x37 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y1666 w230 h72\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.502    </span></div></td><td class=\"c x720 y1666 we7 h72\"><div class=\"t_1 m0_1 x3a h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.285 </div></td><td class=\"c x72c y1666 wb7 h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.284 </div></td><td class=\"c x722 y1666 w231 h72\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y1666 w12 h72\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.569 </div></td></tr><tr><td class=\"c x1ca y1667 w4c3 h1dd\"><div class=\"t_1 m0_1 x1c9 h20 y13c4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos financieros a corto plazo-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x734 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cr\u00e9ditos a empresas del grupo y asociadas</div></td><td class=\"c x71c y1668 w44 h72\"><div class=\"t_1 m0_1 x16 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x72a y1668 w6_1 h72\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">949   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x71e y1668 w22f h72\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(937)    </div></td><td class=\"c x72b y1668 w230 h72\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">12   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x720 y1668 we7 h72\"><div class=\"t_1 m0_1 x1e h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">168<span class=\"ls0_1\"> </span></div></td><td class=\"c x72c y1668 wb7 h72\"><div class=\"t_1 m0_1 x11 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">674<span class=\"ls0_1\"> </span></div></td><td class=\"c x722 y1668 w231 h72\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(830) </div></td><td class=\"c x723 y1668 w12 h72\"><div class=\"t_1 m0_1 x45 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">12<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x724 y1669 w185 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura </div></td><td class=\"c x71c y1669 w44 h1d\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">579   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x72a y1669 w6_1 h1d\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">988   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x71e y1669 w22f h1d\"><div class=\"t_1 m0_1 x37 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y1669 w230 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567    </span></div></td><td class=\"c x720 y1669 we7 h1d\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x72c y1669 wb7 h1d\"><div class=\"t_1 m0_1 x35 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x722 y1669 w231 h1d\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y1669 w12 h1d\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x724 y166a w185 h135\"><div class=\"t_1 m0_1 x1f h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras inversiones financieras </div></td><td class=\"c x71c y166a w44 h135\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.822    </span></div></td><td class=\"c x72a y166a w6_1 h135\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">110   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x71e y166a w22f h135\"><div class=\"t_1 m0_1 x37 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y166a w230 h135\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.932    </span></div></td><td class=\"c x720 y166a we7 h135\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">26.313 </div></td><td class=\"c x72c y166a wb7 h135\"><div class=\"t_1 m0_1 x11 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">213<span class=\"ls0_1\"> </span></div></td><td class=\"c x722 y166a w231 h135\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y166a w12 h135\"><div class=\"t_1 m0_1 x2e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">26.526 </div></td></tr><tr><td class=\"c x724 y166b w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo y otros activos l\u00edquidos equivalentes </div></td><td class=\"c x71c y166b w44 h1d\"><div class=\"t_1 m0_1 x2_1 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">180.574    </span></div></td><td class=\"c x72a y166b w6_1 h1d\"><div class=\"t_1 m0_1 x13 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">46.877    </span></div></td><td class=\"c x71e y166b w22f h1d\"><div class=\"t_1 m0_1 x37 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y166b w230 h1d\"><div class=\"t_1 m0_1 x2_1 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">227.451    </span></div></td><td class=\"c x720 y166b we7 h1d\"><div class=\"t_1 m0_1 x1_1 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">184.582 </div></td><td class=\"c x72c y166b wb7 h1d\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">79.360 </div></td><td class=\"c x722 y166b w231 h1d\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y166b w12 h1d\"><div class=\"t_1 m0_1 x1e h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">263.942 </div></td></tr><tr><td class=\"c x724 y166c w185 h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos corrientes </div></td><td class=\"c x71c y166c w44 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.388    </span></div></td><td class=\"c x72a y166c w6_1 h1d\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">31   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x71e y166c w22f h1d\"><div class=\"t_1 m0_1 x37 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x72b y166c w230 h1d\"><div class=\"t_1 m0_1 x18 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.419    </span></div></td><td class=\"c x720 y166c we7 h1d\"><div class=\"t_1 m0_1 x3a h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.769 </div></td><td class=\"c x72c y166c wb7 h1d\"><div class=\"t_1 m0_1 x11 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">317<span class=\"ls0_1\"> </span></div></td><td class=\"c x722 y166c w231 h1d\"><div class=\"t_1 m0_1 x1b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x723 y166c w12 h1d\"><div class=\"t_1 m0_1 x57 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.086 </div></td></tr><tr><td></td><td class=\"c x71c y166d w44 h26\"><div class=\"t_1 m0_1 x2_1 h58 y35 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">300.186   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x72a y166d w6_1 h26\"><div class=\"t_1 m0_1 x13 h58 y35 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">90.547   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x71e y166d w22f h26\"><div class=\"t_1 m0_1 x20 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.402)    </div></td><td class=\"c x72b y166d w230 h26\"><div class=\"t_1 m0_1 x2_1 h58 y35 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">387.331   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x720 y166d we7 h26\"><div class=\"t_1 m0_1 x1_1 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">340.665<span class=\"ls0_1\"> </span></div></td><td class=\"c x72c y166d wb7 h26\"><div class=\"t_1 m0_1 x2b h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">130.385<span class=\"ls0_1\"> </span></div></td><td class=\"c x722 y166d w231 h26\"><div class=\"t_1 m0_1 x14 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.870) </div></td><td class=\"c x723 y166d w12 h26\"><div class=\"t_1 m0_1 x1e h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">464.180<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x724 y166e w185 h26\"><div class=\"t_1 m0_1 xe4 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL ACTIVO </div></td><td class=\"c x71c y166e w44 h26\"><div class=\"t_1 m0_1 x19 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.267.326   <span class=\"ls0_1\"> </span></div></td><td class=\"c x72a y166e w6_1 h26\"><div class=\"t_1 m0_1 x3a h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">559.666   <span class=\"ls0_1\"> </span></div></td><td class=\"c x71e y166e w22f h26\"><div class=\"t_1 m0_1 x13 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(190.122)    </div></td><td class=\"c x72b y166e w230 h26\"><div class=\"t_1 m0_1 x19 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.636.870   <span class=\"ls0_1\"> </span></div></td><td class=\"t_1 m0_1 x735 h58 y166f ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.268.9<span class=\"_ _65\"> </span></td><td class=\"c x72c y166e wb7 h26\"><div class=\"t_1 m0_1 x2b h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">615.121<span class=\"ls0_1\"> </span></div></td><td class=\"c x722 y166e w231 h26\"><div class=\"t_1 m0_1 x13 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(201.630) </div></td><td class=\"c x723 y166e w12 h26\"><div class=\"t_1 m0_1 x13 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.682.447<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_1 m0_1 x736 h58 y1670 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></td><td></td><td></td><td></td></tr></table>participaci\u00f3n 63<span class=\"ls0_1\"> </span>ENCE ENERG\u00cdA Y CE<span class=\"_ _3\"></span>LULOSA, S.A. Y SOCIEDADES DEPE<span class=\"_ _3\"></span>NDIENTES<span class=\"_ _3\"></span> ESTADOS DE SITUACI\u00d3N F<span class=\"_ _3\"></span>INANCIERA CONSOL<span class=\"_ _3\"></span>IDADOS POR NE<span class=\"_ _3\"></span>GOCIOS AL 31 DE DICIEMB<span class=\"_ _3\"></span>RE DE 202<span class=\"_ _3\"></span>5 Y 2024 <table class=\"s w4c4 h220\" id=\"_90952092-25ef-4444-a67b-da0b83a7359f\"><tr><td></td><td></td><td class=\"c x738 y1671 w1a2 h57\"><div class=\"t_1 m0_1 x151 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x739 y1671 w235 h57\"><div class=\"t_1 m0_1 xae h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x73a y1672 w4c5 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x73b y1672 w4c5 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio</div></td><td class=\"c x73c y1673 w4c6 h221\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td class=\"c x73d y1673 w4c7 h221\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL<span class=\"_ _65\"> </span></div></td><td class=\"c x73e y1672 w4c5 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio</div></td><td class=\"c x73f y1672 w4c5 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio</div></td><td class=\"c x740 y1673 w4c8 h221\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td class=\"c x741 y1672 w4c7 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x742 y1674 w233 h65\"><div class=\"t_1 m0_1 x10 h20 y4d6 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x743 y1675 w4c9 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa</div></td><td class=\"c x744 y1675 w4ca h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables</div></td><td class=\"c x745 y1676 w3bc h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminacione</div></td><td class=\"c x746 y1676 w4cb h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CONSOLIDA</div></td><td class=\"c x747 y1675 w4cc h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa</div></td><td class=\"c x748 y1675 w4ca h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables</div></td><td class=\"c x749 y1676 w3bc h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminacione</div></td><td class=\"c x74a y1675 w4cd h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CONSOLIDADO<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x74b y1677 w4ce h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">s<span class=\"_ _65\"> </span></div></td><td class=\"c x74c y1677 w4cf h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls46 ws0_1\">DO<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x74d y1677 w4ce h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">s<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x742 y1678 w233 h19\"><div class=\"t_1 m0_1 x10 h58 y741 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">PATRIMONIO NETO: </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x742 y1679 w233 h138\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Capital social </div></td><td class=\"c x738 y1679 w112 h138\"><div class=\"t_1 m0_1 x30 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">221.645    </div></td><td class=\"c x74e y1679 w236 h138\"><div class=\"t_1 m0_1 x22 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.795    </div></td><td class=\"c x74f y1679 w6_1 h138\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22.795)    </div></td><td class=\"c x750 y1679 w237 h138\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">221.645    </div></td><td class=\"c x739 y1679 w238 h138\"><div class=\"t_1 m0_1 x2b h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">221.645 </div></td><td class=\"c x751 y1679 w239 h138\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.795 </div></td><td class=\"c x752 y1679 w154 h138\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22.795) </div></td><td class=\"c x753 y1679 w12 h138\"><div class=\"t_1 m0_1 x1e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">221.645 </div></td></tr><tr><td class=\"c x742 y167a w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Prima de emisi\u00f3n  </div></td><td class=\"c x738 y167a w112 h19\"><div class=\"t_1 m0_1 x30 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">170.776    </div></td><td class=\"c x74e y167a w236 h19\"><div class=\"t_1 m0_1 x22 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">91.168    </div></td><td class=\"c x74f y167a w6_1 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(91.168)    </div></td><td class=\"c x750 y167a w237 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">170.776    </div></td><td class=\"c x739 y167a w238 h19\"><div class=\"t_1 m0_1 x2b h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">170.776 </div></td><td class=\"c x751 y167a w239 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">91.168 </div></td><td class=\"c x752 y167a w154 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(91.168) </div></td><td class=\"c x753 y167a w12 h19\"><div class=\"t_1 m0_1 x1e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">170.776 </div></td></tr><tr><td class=\"c x742 y167b w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas  </div></td><td class=\"c x738 y167b w112 h19\"><div class=\"t_1 m0_1 x30 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">142.143    </div></td><td class=\"c x74e y167b w236 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(17.044)    </div></td><td class=\"c x74f y167b w6_1 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(15.080)    </div></td><td class=\"c x750 y167b w237 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">110.019    </div></td><td class=\"c x739 y167b w238 h19\"><div class=\"t_1 m0_1 x2b h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">132.742 </div></td><td class=\"c x751 y167b w239 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.282) </div></td><td class=\"c x752 y167b w154 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16.565) </div></td><td class=\"c x753 y167b w12 h19\"><div class=\"t_1 m0_1 x1e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">112.895 </div></td></tr><tr><td class=\"c x742 y167c w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendo a cuenta </div></td><td class=\"c x738 y167c w112 h19\"><div class=\"t_1 m0_1 x17 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x74e y167c w236 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x74f y167c w6_1 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y167c w237 h19\"><div class=\"t_1 m0_1 x45 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x739 y167c w238 h19\"><div class=\"t_1 m0_1 x1_1 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(33.972) </div></td><td class=\"c x751 y167c w239 h19\"><div class=\"t_1 m0_1 x41 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x752 y167c w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y167c w12 h19\"><div class=\"t_1 m0_1 xb3 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(33.972) </div></td></tr><tr><td class=\"c x742 y167d w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Diferencias de conversi\u00f3n </div></td><td class=\"c x738 y167d w112 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">7   <span class=\"ls0_1\"> </span></div></td><td class=\"c x74e y167d w236 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x74f y167d w6_1 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y167d w237 h19\"><div class=\"t_1 m0_1 x16 h20 y741 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">7   <span class=\"ls0_1\"> </span></div></td><td class=\"c x739 y167d w238 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x751 y167d w239 h19\"><div class=\"t_1 m0_1 x41 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x752 y167d w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y167d w12 h19\"><div class=\"t_1 m0_1 x45 h20 y741 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x742 y167e w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acciones propias - de la Sociedad Dominante </div></td><td class=\"c x738 y167e w112 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.933)    </div></td><td class=\"c x74e y167e w236 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x74f y167e w6_1 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y167e w237 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.933)    </div></td><td class=\"c x739 y167e w238 h19\"><div class=\"t_1 m0_1 x1_1 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.205) </div></td><td class=\"c x751 y167e w239 h19\"><div class=\"t_1 m0_1 x41 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x752 y167e w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y167e w12 h19\"><div class=\"t_1 m0_1 xb3 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.205) </div></td></tr><tr><td class=\"c x742 y167f w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes en patrimonio por valoraci\u00f3n </div></td><td class=\"c x738 y167f w112 h19\"><div class=\"t_1 m0_1 xb3 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.658    </div></td><td class=\"c x74e y167f w236 h19\"><div class=\"t_1 m0_1 x58 h20 y741 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">145   <span class=\"ls0_1\"> </span></div></td><td class=\"c x74f y167f w6_1 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y167f w237 h19\"><div class=\"t_1 m0_1 x18 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.803    </div></td><td class=\"c x739 y167f w238 h19\"><div class=\"t_1 m0_1 x2_1 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">33.761 </div></td><td class=\"c x751 y167f w239 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.340) </div></td><td class=\"c x752 y167f w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y167f w12 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">32.421 </div></td></tr><tr><td class=\"c x742 y1680 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros instrumentos de patrimonio neto  </div></td><td class=\"c x738 y1680 w112 h19\"><div class=\"t_1 m0_1 x14 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.385    </div></td><td class=\"c x74e y1680 w236 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x74f y1680 w6_1 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1680 w237 h19\"><div class=\"t_1 m0_1 x20 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.385    </div></td><td class=\"c x739 y1680 w238 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.438 </div></td><td class=\"c x751 y1680 w239 h19\"><div class=\"t_1 m0_1 x41 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x752 y1680 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1680 w12 h19\"><div class=\"t_1 m0_1 x58 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.438 </div></td></tr><tr><td class=\"c x742 y1681 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficio/ (P\u00e9rdida) consolidado del ejercicio </div></td><td class=\"c x738 y1681 w112 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(41.641)    </div></td><td class=\"c x74e y1681 w236 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.529)    </div></td><td class=\"c x74f y1681 w6_1 h19\"><div class=\"t_1 m0_1 x20 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.713    </div></td><td class=\"c x750 y1681 w237 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(54.457)    </div></td><td class=\"c x739 y1681 w238 h19\"><div class=\"t_1 m0_1 x2_1 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.831 </div></td><td class=\"c x751 y1681 w239 h19\"><div class=\"t_1 m0_1 xc h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(13.761) </div></td><td class=\"c x752 y1681 w154 h19\"><div class=\"t_1 m0_1 x11 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.481 </div></td><td class=\"c x753 y1681 w12 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.551 </div></td></tr><tr><td class=\"c x742 y1682 w233 h15\"><div class=\"t_1 m0_1 x10 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Patrimonio neto atribuible a l<span class=\"_ _2\"></span>a Sociedad Dominante<span class=\"_ _3\"></span> </div></td><td class=\"c x738 y1682 w112 h15\"><div class=\"t_1 m0_1 x30 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">522.040   <span class=\"ls0_1\"> </span></div></td><td class=\"c x74e y1682 w236 h15\"><div class=\"t_1 m0_1 x22 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">82.535   <span class=\"ls0_1\"> </span></div></td><td class=\"c x74f y1682 w6_1 h15\"><div class=\"t_1 m0_1 x2f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(127.330)    </div></td><td class=\"c x750 y1682 w237 h15\"><div class=\"t_1 m0_1 x13 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">477.245   <span class=\"ls0_1\"> </span></div></td><td class=\"c x739 y1682 w238 h15\"><div class=\"t_1 m0_1 x2b h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">559.036<span class=\"ls0_1\"> </span></div></td><td class=\"c x751 y1682 w239 h15\"><div class=\"t_1 m0_1 x13 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">95.580<span class=\"ls0_1\"> </span></div></td><td class=\"c x752 y1682 w154 h15\"><div class=\"t_1 m0_1 x2f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(129.047) </div></td><td class=\"c x753 y1682 w12 h15\"><div class=\"t_1 m0_1 x1e h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">525.569<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x742 y1683 w233 h19\"><div class=\"t_1 m0_1 x10 h58 y741 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Intereses minoritarios </div></td><td class=\"c x738 y1683 w112 h19\"><div class=\"t_1 m0_1 x17 h58 y741 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x74e y1683 w236 h19\"><div class=\"t_1 m0_1 x22 h58 y741 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.420   <span class=\"ls0_1\"> </span></div></td><td class=\"c x74f y1683 w6_1 h19\"><div class=\"t_1 m0_1 x4a h58 y741 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1683 w237 h19\"><div class=\"t_1 m0_1 x18 h58 y741 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.420   <span class=\"ls0_1\"> </span></div></td><td class=\"c x739 y1683 w238 h19\"><div class=\"t_1 m0_1 x1d h58 y741 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x751 y1683 w239 h19\"><div class=\"t_1 m0_1 x13 h58 y741 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">97.051<span class=\"ls0_1\"> </span></div></td><td class=\"c x752 y1683 w154 h19\"><div class=\"t_1 m0_1 x4a h58 y741 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1683 w12 h19\"><div class=\"t_1 m0_1 x2e h58 y741 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">97.051<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x742 y1684 w233 h15\"><div class=\"t_1 m0_1 x17 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL PATRIMONIO NETO </div></td><td class=\"c x738 y1684 w112 h15\"><div class=\"t_1 m0_1 x30 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">522.040   <span class=\"ls0_1\"> </span></div></td><td class=\"c x74e y1684 w236 h15\"><div class=\"t_1 m0_1 x3a h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">171.955   <span class=\"ls0_1\"> </span></div></td><td class=\"c x74f y1684 w6_1 h15\"><div class=\"t_1 m0_1 x2f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(127.330)    </div></td><td class=\"c x750 y1684 w237 h15\"><div class=\"t_1 m0_1 x13 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">566.665   <span class=\"ls0_1\"> </span></div></td><td class=\"c x739 y1684 w238 h15\"><div class=\"t_1 m0_1 x2b h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">559.036<span class=\"ls0_1\"> </span></div></td><td class=\"c x751 y1684 w239 h15\"><div class=\"t_1 m0_1 x2_1 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">192.631<span class=\"ls0_1\"> </span></div></td><td class=\"c x752 y1684 w154 h15\"><div class=\"t_1 m0_1 x2f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(129.047) </div></td><td class=\"c x753 y1684 w12 h15\"><div class=\"t_1 m0_1 x1e h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">622.620<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x742 y1685 w233 h139\"><div class=\"t_1 m0_1 x10 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">PASIVO NO CORRIENTE: </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x742 y1686 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera </div></td><td class=\"c x738 y1686 w112 h19\"><div class=\"t_1 m0_1 x1f h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">323.329    </span></div></td><td class=\"c x74e y1686 w236 h19\"><div class=\"t_1 m0_1 xc h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">157.239    </span></div></td><td class=\"c x74f y1686 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1686 w237 h19\"><div class=\"t_1 m0_1 x2_1 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">480.568    </span></div></td><td class=\"c x739 y1686 w238 h19\"><div class=\"t_1 m0_1 x2b h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">291.303 </div></td><td class=\"c x751 y1686 w239 h19\"><div class=\"t_1 m0_1 x2_1 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.138 </div></td><td class=\"c x752 y1686 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1686 w12 h19\"><div class=\"t_1 m0_1 x1e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">446.441 </div></td></tr><tr><td class=\"c x742 y1687 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos financieros derivados </div></td><td class=\"c x738 y1687 w112 h19\"><div class=\"t_1 m0_1 x44 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">978   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74e y1687 w236 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">246   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74f y1687 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1687 w237 h19\"><div class=\"t_1 m0_1 x18 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.224    </span></div></td><td class=\"c x739 y1687 w238 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.234 </div></td><td class=\"c x751 y1687 w239 h19\"><div class=\"t_1 m0_1 xb3 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.795 </div></td><td class=\"c x752 y1687 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1687 w12 h19\"><div class=\"t_1 m0_1 x58 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.029 </div></td></tr><tr><td class=\"c x742 y1688 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subvenciones </div></td><td class=\"c x738 y1688 w112 h19\"><div class=\"t_1 m0_1 x1e h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.080    </span></div></td><td class=\"c x74e y1688 w236 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">13.112    </span></div></td><td class=\"c x74f y1688 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1688 w237 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.192    </span></div></td><td class=\"c x739 y1688 w238 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.831 </div></td><td class=\"c x751 y1688 w239 h19\"><div class=\"t_1 m0_1 xb3 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.704 </div></td><td class=\"c x752 y1688 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1688 w12 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.535 </div></td></tr><tr><td class=\"c x742 y1689 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones a largo plazo </div></td><td class=\"c x738 y1689 w112 h19\"><div class=\"t_1 m0_1 x30 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">36.637    </span></div></td><td class=\"c x74e y1689 w236 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">698   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74f y1689 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1689 w237 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">37.335    </span></div></td><td class=\"c x739 y1689 w238 h19\"><div class=\"t_1 m0_1 x2_1 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.907 </div></td><td class=\"c x751 y1689 w239 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">598<span class=\"ls0_1\"> </span></div></td><td class=\"c x752 y1689 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1689 w12 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29.505 </div></td></tr><tr><td class=\"c x742 y168a w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Periodificaciones a largo plazo </div></td><td class=\"c x738 y168a w112 h19\"><div class=\"t_1 m0_1 x1d h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74e y168a w236 h19\"><div class=\"t_1 m0_1 x18 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.742    </span></div></td><td class=\"c x74f y168a w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y168a w237 h19\"><div class=\"t_1 m0_1 x18 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.753    </span></div></td><td class=\"c x739 y168a w238 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">11<span class=\"ls0_1\"> </span></div></td><td class=\"c x751 y168a w239 h19\"><div class=\"t_1 m0_1 xb3 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.076 </div></td><td class=\"c x752 y168a w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y168a w12 h19\"><div class=\"t_1 m0_1 x58 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.087 </div></td></tr><tr><td class=\"c x742 y168b w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos no corrientes </div></td><td class=\"c x738 y168b w112 h19\"><div class=\"t_1 m0_1 x30 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">20.678    </span></div></td><td class=\"c x74e y168b w236 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">44.407    </span></div></td><td class=\"c x74f y168b w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y168b w237 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">65.085    </span></div></td><td class=\"c x739 y168b w238 h19\"><div class=\"t_1 m0_1 x2_1 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.950 </div></td><td class=\"c x751 y168b w239 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">64.111 </div></td><td class=\"c x752 y168b w154 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y168b w12 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">92.061 </div></td></tr><tr><td class=\"c x742 y168c w233 h19\"><div class=\"t_1 m0_1 x10 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas con empresas del grupo y asociadas </div></td><td class=\"c x738 y168c w112 h19\"><div class=\"t_1 m0_1 x4a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x74e y168c w236 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">88.405    </span></div></td><td class=\"c x74f y168c w6_1 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(59.390)    </div></td><td class=\"c x750 y168c w237 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">29.015    </span></div></td><td class=\"c x739 y168c w238 h19\"><div class=\"t_1 m0_1 x1d h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x751 y168c w239 h19\"><div class=\"t_1 m0_1 x13 h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">94.734 </div></td><td class=\"c x752 y168c w154 h19\"><div class=\"t_1 m0_1 x3a h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(65.719) </div></td><td class=\"c x753 y168c w12 h19\"><div class=\"t_1 m0_1 x2e h20 y741 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29.015 </div></td></tr><tr><td></td><td class=\"c x738 y168d w112 h15\"><div class=\"t_1 m0_1 x1f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">387.713   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74e y168d w236 h15\"><div class=\"t_1 m0_1 xc h58 ya91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">306.849   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74f y168d w6_1 h15\"><div class=\"t_1 m0_1 x3a h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(59.390)    </div></td><td class=\"c x750 y168d w237 h15\"><div class=\"t_1 m0_1 x2_1 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">635.172   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x739 y168d w238 h15\"><div class=\"t_1 m0_1 x2b h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">356.236<span class=\"ls0_1\"> </span></div></td><td class=\"c x751 y168d w239 h15\"><div class=\"t_1 m0_1 x2_1 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">324.156<span class=\"ls0_1\"> </span></div></td><td class=\"c x752 y168d w154 h15\"><div class=\"t_1 m0_1 x1f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(65.719) </div></td><td class=\"c x753 y168d w12 h15\"><div class=\"t_1 m0_1 x1e h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">614.673<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x742 y168e w233 h19\"><div class=\"t_1 m0_1 x10 h58 y612 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">PASIVO CORRIENTE: </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x742 y168f w233 h19\"><div class=\"t_1 m0_1 x10 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera </div></td><td class=\"c x738 y168f w112 h19\"><div class=\"t_1 m0_1 x1f h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">125.925    </span></div></td><td class=\"c x74e y168f w236 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">12.978    </span></div></td><td class=\"c x74f y168f w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y168f w237 h19\"><div class=\"t_1 m0_1 x2_1 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">138.903    </span></div></td><td class=\"c x739 y168f w238 h19\"><div class=\"t_1 m0_1 x2b h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">149.183 </div></td><td class=\"c x751 y168f w239 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.025 </div></td><td class=\"c x752 y168f w154 h19\"><div class=\"t_1 m0_1 x4a h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y168f w12 h19\"><div class=\"t_1 m0_1 x1e h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">162.208 </div></td></tr><tr><td class=\"c x742 y1690 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos financieros derivados </div></td><td class=\"c x738 y1690 w112 h19\"><div class=\"t_1 m0_1 x1e h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.059    </span></div></td><td class=\"c x74e y1690 w236 h19\"><div class=\"t_1 m0_1 x2e h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">745   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74f y1690 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1690 w237 h19\"><div class=\"t_1 m0_1 x18 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.804    </span></div></td><td class=\"c x739 y1690 w238 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.874 </div></td><td class=\"c x751 y1690 w239 h19\"><div class=\"t_1 m0_1 xb3 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.100 </div></td><td class=\"c x752 y1690 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1690 w12 h19\"><div class=\"t_1 m0_1 x58 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.974 </div></td></tr><tr><td class=\"c x742 y1691 w233 h138\"><div class=\"t_1 m0_1 x10 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas con partes vinculadas a corto plazo </div></td><td class=\"c x738 y1691 w112 h138\"><div class=\"t_1 m0_1 x44 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">745   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74e y1691 w236 h138\"><div class=\"t_1 m0_1 x18 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.699    </span></div></td><td class=\"c x74f y1691 w6_1 h138\"><div class=\"t_1 m0_1 x14 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(937)    </div></td><td class=\"c x750 y1691 w237 h138\"><div class=\"t_1 m0_1 x18 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.507    </span></div></td><td class=\"c x739 y1691 w238 h138\"><div class=\"t_1 m0_1 xcb h20 y612 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">662<span class=\"ls0_1\"> </span></div></td><td class=\"c x751 y1691 w239 h138\"><div class=\"t_1 m0_1 xb3 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.044 </div></td><td class=\"c x752 y1691 w154 h138\"><div class=\"t_1 m0_1 x20 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(830) </div></td><td class=\"c x753 y1691 w12 h138\"><div class=\"t_1 m0_1 x41 h20 y612 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">876<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x742 y1692 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores comerciales y otras cuentas a pagar </div></td><td class=\"c x738 y1692 w112 h19\"><div class=\"t_1 m0_1 x1f h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">175.150    </span></div></td><td class=\"c x74e y1692 w236 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">50.236    </span></div></td><td class=\"c x74f y1692 w6_1 h19\"><div class=\"t_1 m0_1 xc7 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.465)    </div></td><td class=\"c x750 y1692 w237 h19\"><div class=\"t_1 m0_1 x2_1 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">222.921    </span></div></td><td class=\"c x739 y1692 w238 h19\"><div class=\"t_1 m0_1 x2b h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">158.148 </div></td><td class=\"c x751 y1692 w239 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">65.740 </div></td><td class=\"c x752 y1692 w154 h19\"><div class=\"t_1 m0_1 xc7 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.034) </div></td><td class=\"c x753 y1692 w12 h19\"><div class=\"t_1 m0_1 x1e h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">217.854 </div></td></tr><tr><td class=\"c x742 y1693 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto sobre beneficios, acreedor </div></td><td class=\"c x738 y1693 w112 h19\"><div class=\"t_1 m0_1 x1d h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">48   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74e y1693 w236 h19\"><div class=\"t_1 m0_1 x1a h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">5   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74f y1693 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1693 w237 h19\"><div class=\"t_1 m0_1 x57 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">53   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x739 y1693 w238 h19\"><div class=\"t_1 m0_1 x2e h20 y612 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x751 y1693 w239 h19\"><div class=\"t_1 m0_1 x1a h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x752 y1693 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1693 w12 h19\"><div class=\"t_1 m0_1 x45 h20 y612 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">26<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x742 y1694 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administraciones P\u00fablicas acreedoras </div></td><td class=\"c x738 y1694 w112 h19\"><div class=\"t_1 m0_1 x1e h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.713    </span></div></td><td class=\"c x74e y1694 w236 h19\"><div class=\"t_1 m0_1 x18 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.621    </span></div></td><td class=\"c x74f y1694 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1694 w237 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">12.334    </span></div></td><td class=\"c x739 y1694 w238 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.038 </div></td><td class=\"c x751 y1694 w239 h19\"><div class=\"t_1 m0_1 xb3 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.527 </div></td><td class=\"c x752 y1694 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1694 w12 h19\"><div class=\"t_1 m0_1 x2e h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.565 </div></td></tr><tr><td class=\"c x742 y1695 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos corrientes </div></td><td class=\"c x738 y1695 w112 h19\"><div class=\"t_1 m0_1 x1e h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.922    </span></div></td><td class=\"c x74e y1695 w236 h19\"><div class=\"t_1 m0_1 x18 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.539    </span></div></td><td class=\"c x74f y1695 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1695 w237 h19\"><div class=\"t_1 m0_1 x18 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.461    </span></div></td><td class=\"c x739 y1695 w238 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.226 </div></td><td class=\"c x751 y1695 w239 h19\"><div class=\"t_1 m0_1 xb3 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.940 </div></td><td class=\"c x752 y1695 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1695 w12 h19\"><div class=\"t_1 m0_1 x58 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.166 </div></td></tr><tr><td class=\"c x742 y1696 w233 h19\"><div class=\"t_1 m0_1 x10 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones a corto plazo </div></td><td class=\"c x738 y1696 w112 h19\"><div class=\"t_1 m0_1 x30 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">48.011    </span></div></td><td class=\"c x74e y1696 w236 h19\"><div class=\"t_1 m0_1 x18 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.039    </span></div></td><td class=\"c x74f y1696 w6_1 h19\"><div class=\"t_1 m0_1 x16 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x750 y1696 w237 h19\"><div class=\"t_1 m0_1 x13 h20 y612 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.050    </span></div></td><td class=\"c x739 y1696 w238 h19\"><div class=\"t_1 m0_1 x2_1 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">30.533 </div></td><td class=\"c x751 y1696 w239 h19\"><div class=\"t_1 m0_1 xb3 h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.952 </div></td><td class=\"c x752 y1696 w154 h19\"><div class=\"t_1 m0_1 x4a h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x753 y1696 w12 h19\"><div class=\"t_1 m0_1 x2e h20 y612 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">33.485 </div></td></tr><tr><td></td><td class=\"c x738 y1697 w112 h15\"><div class=\"t_1 m0_1 x1f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">357.573   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74e y1697 w236 h15\"><div class=\"t_1 m0_1 x13 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">80.862   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x74f y1697 w6_1 h15\"><div class=\"t_1 m0_1 xc7 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.402)    </div></td><td class=\"c x750 y1697 w237 h15\"><div class=\"t_1 m0_1 x2_1 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">435.033   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x739 y1697 w238 h15\"><div class=\"t_1 m0_1 x2b h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">353.684<span class=\"ls0_1\"> </span></div></td><td class=\"c x751 y1697 w239 h15\"><div class=\"t_1 m0_1 x13 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">98.334<span class=\"ls0_1\"> </span></div></td><td class=\"c x752 y1697 w154 h15\"><div class=\"t_1 m0_1 xc7 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.864) </div></td><td class=\"c x753 y1697 w12 h15\"><div class=\"t_1 m0_1 x1e h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">445.154<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x742 y1698 w233 h15\"><div class=\"t_1 m0_1 x20 h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL PATRIMONIO NETO Y PASIVO </div></td><td class=\"c x738 y1698 w112 h15\"><div class=\"t_1 m0_1 x2f h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.267.326<span class=\"ls0_1\"> </span></div></td><td class=\"c x74e y1698 w236 h15\"><div class=\"t_1 m0_1 x3a h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">599.666<span class=\"ls0_1\"> </span></div></td><td class=\"c x74f y1698 w6_1 h15\"><div class=\"t_1 m0_1 x2f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(190.122) </div></td><td class=\"c x750 y1698 w237 h15\"><div class=\"t_1 m0_1 x19 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.636.870<span class=\"ls0_1\"> </span></div></td><td class=\"c x739 y1698 w238 h15\"><div class=\"t_1 m0_1 x86 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.268.95<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x57 h58 yd0f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x751 y1698 w239 h15\"><div class=\"t_1 m0_1 x2_1 h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">615.121<span class=\"ls0_1\"> </span></div></td><td class=\"c x752 y1698 w154 h15\"><div class=\"t_1 m0_1 x2f h58 ya91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(201.630) </div></td><td class=\"c x753 y1698 w12 h15\"><div class=\"t_1 m0_1 x3a h58 ya91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.682.447<span class=\"ls0_1\"> </span></div></td></tr></table>ENCE ENERG\u00cdA Y CE<span class=\"_ _3\"></span>LULOSA, S.A. Y SOCIEDADES DEPE<span class=\"_ _3\"></span>NDIENTES<span class=\"_ _3\"></span> ESTADO DE RESULTADO CON<span class=\"_ _3\"></span>SOLIDAD<span class=\"_ _3\"></span>O POR NEGOCIO<span class=\"_ _3\"></span>S DE LOS EJ<span class=\"_ _3\"></span>ERCICIOS 2025 Y 202<span class=\"_ _3\"></span>4 202<span class=\"ls0_1\">5 </span>202<span class=\"ls0_1\">4 </span><table class=\"s w4d0 h222\" id=\"_5c864178-5e82-480a-a652-ac7cbca2d0f2\"><tr><td></td><td class=\"c x754 y1699 w4c5 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x755 y1699 w4c5 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x756 y1699 w4c8 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td class=\"c x757 y1699 w4c7 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL<span class=\"_ _65\"> </span></div></td><td class=\"c x758 y1699 w4c5 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x759 y1699 w4c5 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x75a y1699 w4c8 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td class=\"c x75b y1699 w4c7 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y169a w23b h86\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x75c y169b w4c9 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa</div></td><td class=\"c x75d y169b w4ca h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x75f y169b w4d1 h175\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminaciones<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x75e h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CONSOLIDADO<span class=\"_ _65\"> </span></div></td><td class=\"c x760 y169b w4cc h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa</div></td><td class=\"c x761 y169b w4ca h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables</div></td><td class=\"c x762 y169b w4d2 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminaciones</div></td><td class=\"c x763 y169b w4cd h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CONSOLIDADO<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y169c w23b h9d\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operaciones continuadas: </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x6e7 y169d w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos ordinarios </div></td><td class=\"c x764 y169d w71 h9d\"><div class=\"t_1 m0_1 x2b h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">543.607    </div></td><td class=\"c x765 y169d w136 h9d\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">206.004    </div></td><td class=\"c x766 y169d w43 h9d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.359)    </div></td><td class=\"c x767 y169d w12 h9d\"><div class=\"t_1 m0_1 x1e h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">747.252    </div></td><td class=\"c x768 y169d w1f4 h9d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">681.891 </div></td><td class=\"c x769 y169d w2a h9d\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">192.232 </div></td><td class=\"c x76a y169d w12 h9d\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.685) </div></td><td class=\"c x76b y169d w8_1 h9d\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">870.438 </div></td></tr><tr><td class=\"c x6e7 y169e w23b h135\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado por operaciones de cobertura </div></td><td class=\"c x764 y169e w71 h135\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.702    </div></td><td class=\"c x765 y169e w136 h135\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.626    </div></td><td class=\"c x766 y169e w43 h135\"><div class=\"t_1 m0_1 x37 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y169e w12 h135\"><div class=\"t_1 m0_1 x2e h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.328    </div></td><td class=\"c x768 y169e w1f4 h135\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(569) </div></td><td class=\"c x769 y169e w2a h135\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.838) </div></td><td class=\"c x76a y169e w12 h135\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y169e w8_1 h135\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.407) </div></td></tr><tr><td class=\"c x6e7 y169f w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n de existencias de productos terminad<span class=\"_ _2\"></span>os y en curso de fabricaci\u00f3n <span class=\"_ _3\"></span> </div></td><td class=\"c x764 y169f w71 h9d\"><div class=\"t_1 m0_1 x2b h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(10.127)    </div></td><td class=\"c x765 y169f w136 h9d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(99)    </div></td><td class=\"c x766 y169f w43 h9d\"><div class=\"t_1 m0_1 x37 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y169f w12 h9d\"><div class=\"t_1 m0_1 xb3 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(10.226)    </div></td><td class=\"c x768 y169f w1f4 h9d\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.359 </div></td><td class=\"c x769 y169f w2a h9d\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.281) </div></td><td class=\"c x76a y169f w12 h9d\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y169f w8_1 h9d\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.078 </div></td></tr><tr><td class=\"c x6e7 y16a0 w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Trabajos efectuados por el Grupo para su inmovilizado </div></td><td class=\"c x764 y16a0 w71 h9d\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.705    </div></td><td class=\"c x765 y16a0 w136 h9d\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.169    </div></td><td class=\"c x766 y16a0 w43 h9d\"><div class=\"t_1 m0_1 x37 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16a0 w12 h9d\"><div class=\"t_1 m0_1 x2e h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.874    </div></td><td class=\"c x768 y16a0 w1f4 h9d\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.822 </div></td><td class=\"c x769 y16a0 w2a h9d\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.957 </div></td><td class=\"c x76a y16a0 w12 h9d\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16a0 w8_1 h9d\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.779 </div></td></tr><tr><td class=\"c x6e7 y16a1 w23b h72\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos de explotaci\u00f3n </div></td><td class=\"c x764 y16a1 w71 h72\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">64.734    </div></td><td class=\"c x765 y16a1 w136 h72\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.526    </div></td><td class=\"c x766 y16a1 w43 h72\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.370)    </div></td><td class=\"c x767 y16a1 w12 h72\"><div class=\"t_1 m0_1 x2e h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">66.890    </div></td><td class=\"c x768 y16a1 w1f4 h72\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.944 </div></td><td class=\"c x769 y16a1 w2a h72\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.163 </div></td><td class=\"c x76a y16a1 w12 h72\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.278) </div></td><td class=\"c x76b y16a1 w8_1 h72\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.829 </div></td></tr><tr><td class=\"c x6e7 y16a2 w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subvenciones de capital transferidas a resultados </div></td><td class=\"c x764 y16a2 w71 h9d\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.524    </div></td><td class=\"c x765 y16a2 w136 h9d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.160    </div></td><td class=\"c x766 y16a2 w43 h9d\"><div class=\"t_1 m0_1 x37 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16a2 w12 h9d\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.684    </div></td><td class=\"c x768 y16a2 w1f4 h9d\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.814 </div></td><td class=\"c x769 y16a2 w2a h9d\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.174 </div></td><td class=\"c x76a y16a2 w12 h9d\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16a2 w8_1 h9d\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.988 </div></td></tr><tr><td class=\"c x6e7 y16a3 w23b h13b\"><div class=\"t_1 m0_1 x8 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subtotal Ingresos de Explotaci\u00f3n </div></td><td class=\"c x764 y16a3 w71 h13b\"><div class=\"t_1 m0_1 x2b h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">623.145    </div></td><td class=\"c x765 y16a3 w136 h13b\"><div class=\"t_1 m0_1 x18 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">216.386    </div></td><td class=\"c x766 y16a3 w43 h13b\"><div class=\"t_1 m0_1 x11 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.729)    </div></td><td class=\"c x767 y16a3 w12 h13b\"><div class=\"t_1 m0_1 x1e h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">835.802    </div></td><td class=\"c x768 y16a3 w1f4 h13b\"><div class=\"t_1 m0_1 xe h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">727.261 </div></td><td class=\"c x769 y16a3 w2a h13b\"><div class=\"t_1 m0_1 x13 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">193.407 </div></td><td class=\"c x76a y16a3 w12 h13b\"><div class=\"t_1 m0_1 x14 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.963) </div></td><td class=\"c x76b y16a3 w8_1 h13b\"><div class=\"t_1 m0_1 x1e h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">915.705 </div></td></tr><tr><td class=\"c x6e7 y16a4 w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aprovisionamientos </div></td><td class=\"c x764 y16a4 w71 h9d\"><div class=\"t_1 m0_1 x2a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(339.546)    </div></td><td class=\"c x765 y16a4 w136 h9d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(66.876)    </div></td><td class=\"c x766 y16a4 w43 h9d\"><div class=\"t_1 m0_1 x15 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.359    </div></td><td class=\"c x767 y16a4 w12 h9d\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(404.063)    </div></td><td class=\"c x768 y16a4 w1f4 h9d\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(360.530) </div></td><td class=\"c x769 y16a4 w2a h9d\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(68.358) </div></td><td class=\"c x76a y16a4 w12 h9d\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.685 </div></td><td class=\"c x76b y16a4 w8_1 h9d\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(425.203) </div></td></tr><tr><td class=\"c x6e7 y16a5 w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de personal </div></td><td class=\"c x764 y16a5 w71 h9d\"><div class=\"t_1 m0_1 x2a h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(110.960)    </div></td><td class=\"c x765 y16a5 w136 h9d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(25.636)    </div></td><td class=\"c x766 y16a5 w43 h9d\"><div class=\"t_1 m0_1 x37 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16a5 w12 h9d\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(136.596)    </div></td><td class=\"c x768 y16a5 w1f4 h9d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(89.619) </div></td><td class=\"c x769 y16a5 w2a h9d\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(23.479) </div></td><td class=\"c x76a y16a5 w12 h9d\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16a5 w8_1 h9d\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(113.098) </div></td></tr><tr><td class=\"c x6e7 y16a6 w23b h72\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaci\u00f3n a la amortizaci\u00f3n del inmovilizado </div></td><td class=\"c x764 y16a6 w71 h72\"><div class=\"t_1 m0_1 x2b h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(52.661)    </div></td><td class=\"c x765 y16a6 w136 h72\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.974)    </div></td><td class=\"c x766 y16a6 w43 h72\"><div class=\"t_1 m0_1 x15 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.858    </div></td><td class=\"c x767 y16a6 w12 h72\"><div class=\"t_1 m0_1 xb3 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(82.777)    </div></td><td class=\"c x768 y16a6 w1f4 h72\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(57.920) </div></td><td class=\"c x769 y16a6 w2a h72\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(34.498) </div></td><td class=\"c x76a y16a6 w12 h72\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.620 </div></td><td class=\"c x76b y16a6 w8_1 h72\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(90.798) </div></td></tr><tr><td class=\"c x6e7 y16a7 w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x764 y16a7 w71 h9d\"><div class=\"t_1 m0_1 x2_1 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7.216)    </div></td><td class=\"c x765 y16a7 w136 h9d\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(124)    </div></td><td class=\"c x766 y16a7 w43 h9d\"><div class=\"t_1 m0_1 x37 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16a7 w12 h9d\"><div class=\"t_1 m0_1 x14 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7.340)    </div></td><td class=\"c x768 y16a7 w1f4 h9d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.725) </div></td><td class=\"c x769 y16a7 w2a h9d\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76a y16a7 w12 h9d\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16a7 w8_1 h9d\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.725) </div></td></tr><tr><td class=\"c x6e7 y16a8 w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioros de valor y resultados por enajenaci\u00f3n del inmovilizado </div></td><td class=\"c x764 y16a8 w71 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(58)    </div></td><td class=\"c x765 y16a8 w136 h9d\"><div class=\"t_1 m0_1 x1a h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">834   <span class=\"ls0_1\"> </span></div></td><td class=\"c x766 y16a8 w43 h9d\"><div class=\"t_1 m0_1 x37 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16a8 w12 h9d\"><div class=\"t_1 m0_1 x41 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">776   <span class=\"ls0_1\"> </span></div></td><td class=\"c x768 y16a8 w1f4 h9d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.714) </div></td><td class=\"c x769 y16a8 w2a h9d\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.707 </div></td><td class=\"c x76a y16a8 w12 h9d\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16a8 w8_1 h9d\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7) </div></td></tr><tr><td class=\"c x6e7 y16a9 w23b h135\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor sobre activos financie<span class=\"_ _2\"></span>ros<span class=\"_ _3\"></span> </div></td><td class=\"c x764 y16a9 w71 h135\"><div class=\"t_1 m0_1 xc7 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(768)    </div></td><td class=\"c x765 y16a9 w136 h135\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(152)    </div></td><td class=\"c x766 y16a9 w43 h135\"><div class=\"t_1 m0_1 x37 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16a9 w12 h135\"><div class=\"t_1 m0_1 x57 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(920)    </div></td><td class=\"c x768 y16a9 w1f4 h135\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(934) </div></td><td class=\"c x769 y16a9 w2a h135\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(29) </div></td><td class=\"c x76a y16a9 w12 h135\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16a9 w8_1 h135\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(963) </div></td></tr><tr><td class=\"c x6e7 y16aa w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos de explotaci\u00f3n </div></td><td class=\"c x764 y16aa w71 h9d\"><div class=\"t_1 m0_1 x2a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(141.994)    </div></td><td class=\"c x765 y16aa w136 h9d\"><div class=\"t_1 m0_1 x3a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(101.183)    </div></td><td class=\"c x766 y16aa w43 h9d\"><div class=\"t_1 m0_1 x15 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.369    </div></td><td class=\"c x767 y16aa w12 h9d\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(241.808)    </div></td><td class=\"c x768 y16aa w1f4 h9d\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(134.184) </div></td><td class=\"c x769 y16aa w2a h9d\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(79.689) </div></td><td class=\"c x76a y16aa w12 h9d\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.283 </div></td><td class=\"c x76b y16aa w8_1 h9d\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(212.590) </div></td></tr><tr><td class=\"c x6e7 y16ab w23b h13b\"><div class=\"t_1 m0_1 x38 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subtotal Gastos de Explotaci\u00f3n </div></td><td class=\"c x764 y16ab w71 h13b\"><div class=\"t_1 m0_1 x2a h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(653.203)    </div></td><td class=\"c x765 y16ab w136 h13b\"><div class=\"t_1 m0_1 x3a h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(225.111)    </div></td><td class=\"c x766 y16ab w43 h13b\"><div class=\"t_1 m0_1 x15 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.586    </div></td><td class=\"c x767 y16ab w12 h13b\"><div class=\"t_1 m0_1 x30 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(872.728)    </div></td><td class=\"c x768 y16ab w1f4 h13b\"><div class=\"t_1 m0_1 xf h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(654.626) </div></td><td class=\"c x769 y16ab w2a h13b\"><div class=\"t_1 m0_1 x2f h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(204.346) </div></td><td class=\"c x76a y16ab w12 h13b\"><div class=\"t_1 m0_1 x58 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.588 </div></td><td class=\"c x76b y16ab w8_1 h13b\"><div class=\"t_1 m0_1 x30 h20 y58 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(852.384) </div></td></tr><tr><td class=\"c x6e7 y16ac w23b h26\"><div class=\"t_1 m0_1 xcd h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) DE EXPLOTACI\u00d3N </div></td><td class=\"c x764 y16ac w71 h26\"><div class=\"t_1 m0_1 x2b h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(30.058)    </div></td><td class=\"c x765 y16ac w136 h26\"><div class=\"t_1 m0_1 x11 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.725)    </div></td><td class=\"c x766 y16ac w43 h26\"><div class=\"t_1 m0_1 x44 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.857   <span class=\"ls0_1\"> </span></div></td><td class=\"c x767 y16ac w12 h26\"><div class=\"t_1 m0_1 xb3 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(36.926)    </div></td><td class=\"c x768 y16ac w1f4 h26\"><div class=\"t_1 m0_1 x19 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">72.635<span class=\"ls0_1\"> </span></div></td><td class=\"c x769 y16ac w2a h26\"><div class=\"t_1 m0_1 x3a h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(10.939) </div></td><td class=\"c x76a y16ac w12 h26\"><div class=\"t_1 m0_1 x58 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.625<span class=\"ls0_1\"> </span></div></td><td class=\"c x76b y16ac w8_1 h26\"><div class=\"t_1 m0_1 x2e h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">63.321<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x6e7 y16ad w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros </div></td><td class=\"c x764 y16ad w71 h9d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.627    </div></td><td class=\"c x765 y16ad w136 h9d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.419    </div></td><td class=\"c x766 y16ad w43 h9d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.503)    </div></td><td class=\"c x767 y16ad w12 h9d\"><div class=\"t_1 m0_1 x2e h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.543    </div></td><td class=\"c x768 y16ad w1f4 h9d\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.949 </div></td><td class=\"c x769 y16ad w2a h9d\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.498 </div></td><td class=\"c x76a y16ad w12 h9d\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.597) </div></td><td class=\"c x76b y16ad w8_1 h9d\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.850 </div></td></tr><tr><td class=\"c x6e7 y16ae w23b h72\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros </div></td><td class=\"c x764 y16ae w71 h72\"><div class=\"t_1 m0_1 x2b h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.412)    </div></td><td class=\"c x765 y16ae w136 h72\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(20.009)    </div></td><td class=\"c x766 y16ae w43 h72\"><div class=\"t_1 m0_1 x15 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.503    </div></td><td class=\"c x767 y16ae w12 h72\"><div class=\"t_1 m0_1 xb3 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(45.918)    </div></td><td class=\"c x768 y16ae w1f4 h72\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.541) </div></td><td class=\"c x769 y16ae w2a h72\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16.325) </div></td><td class=\"c x76a y16ae w12 h72\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.597 </div></td><td class=\"c x76b y16ae w8_1 h72\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(43.269) </div></td></tr><tr><td class=\"c x6e7 y16af w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n en el valor razonable de ins<span class=\"_ _2\"></span>trumentos financieros<span class=\"_ _3\"></span> </div></td><td class=\"c x764 y16af w71 h9d\"><div class=\"t_1 m0_1 x2_1 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.702)    </div></td><td class=\"c x765 y16af w136 h9d\"><div class=\"t_1 m0_1 xe8 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2   <span class=\"ls0_1\"> </span></div></td><td class=\"c x766 y16af w43 h9d\"><div class=\"t_1 m0_1 x37 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16af w12 h9d\"><div class=\"t_1 m0_1 x14 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.700)    </div></td><td class=\"c x768 y16af w1f4 h9d\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">87<span class=\"ls0_1\"> </span></div></td><td class=\"c x769 y16af w2a h9d\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">268<span class=\"ls0_1\"> </span></div></td><td class=\"c x76a y16af w12 h9d\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16af w8_1 h9d\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">355<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x6e7 y16b0 w23b h9d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Diferencias de cambio </div></td><td class=\"c x764 y16b0 w71 h9d\"><div class=\"t_1 m0_1 x2_1 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.945)    </div></td><td class=\"c x765 y16b0 w136 h9d\"><div class=\"t_1 m0_1 x1a h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">238   <span class=\"ls0_1\"> </span></div></td><td class=\"c x766 y16b0 w43 h9d\"><div class=\"t_1 m0_1 x37 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16b0 w12 h9d\"><div class=\"t_1 m0_1 x14 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.707)    </div></td><td class=\"c x768 y16b0 w1f4 h9d\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.244 </div></td><td class=\"c x769 y16b0 w2a h9d\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></td><td class=\"c x76a y16b0 w12 h9d\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16b0 w8_1 h9d\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.243 </div></td></tr><tr><td class=\"c x6e7 y16b1 w23b h72\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro y resultado por enajenaciones de instrumentos finan<span class=\"_ _2\"></span>cieros<span class=\"_ _3\"></span> </div></td><td class=\"c x764 y16b1 w71 h72\"><div class=\"t_1 m0_1 x2e h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3)    </div></td><td class=\"c x765 y16b1 w136 h72\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.211)    </div></td><td class=\"c x766 y16b1 w43 h72\"><div class=\"t_1 m0_1 x37 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16b1 w12 h72\"><div class=\"t_1 m0_1 x14 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.214)    </div></td><td class=\"c x768 y16b1 w1f4 h72\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(163) </div></td><td class=\"c x769 y16b1 w2a h72\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76a y16b1 w12 h72\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16b1 w8_1 h72\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(163) </div></td></tr><tr><td class=\"c x6e7 y16b2 w23b h13b\"><div class=\"t_1 m0_1 x17 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">RESULTADO FINANCIERO POSITIVO/ (NEGATIVO) </div></td><td class=\"c x764 y16b2 w71 h13b\"><div class=\"t_1 m0_1 x2b h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(27.435)    </div></td><td class=\"c x765 y16b2 w136 h13b\"><div class=\"t_1 m0_1 xc7 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(17.561)    </div></td><td class=\"c x766 y16b2 w43 h13b\"><div class=\"t_1 m0_1 x37 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16b2 w12 h13b\"><div class=\"t_1 m0_1 xb3 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(44.996)    </div></td><td class=\"c x768 y16b2 w1f4 h13b\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(17.424) </div></td><td class=\"c x769 y16b2 w2a h13b\"><div class=\"t_1 m0_1 x3a h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(13.560) </div></td><td class=\"c x76a y16b2 w12 h13b\"><div class=\"t_1 m0_1 x1b h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16b2 w8_1 h13b\"><div class=\"t_1 m0_1 xb3 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(30.984) </div></td></tr><tr><td class=\"c x6e7 y16b3 w23b h13b\"><div class=\"t_1 m0_1 x61 h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) ANTES DE IMPUESTOS </div></td><td class=\"c x764 y16b3 w71 h13b\"><div class=\"t_1 m0_1 x2b h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(57.489)    </div></td><td class=\"c x765 y16b3 w136 h13b\"><div class=\"t_1 m0_1 xc7 h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(26.286)    </div></td><td class=\"c x766 y16b3 w43 h13b\"><div class=\"t_1 m0_1 x44 h58 y58 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.857   <span class=\"ls0_1\"> </span></div></td><td class=\"c x767 y16b3 w12 h13b\"><div class=\"t_1 m0_1 xb3 h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(81.918)    </div></td><td class=\"c x768 y16b3 w1f4 h13b\"><div class=\"t_1 m0_1 x19 h58 y58 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.224<span class=\"ls0_1\"> </span></div></td><td class=\"c x769 y16b3 w2a h13b\"><div class=\"t_1 m0_1 x3a h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.499) </div></td><td class=\"c x76a y16b3 w12 h13b\"><div class=\"t_1 m0_1 x58 h58 y58 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.625<span class=\"ls0_1\"> </span></div></td><td class=\"c x76b y16b3 w8_1 h13b\"><div class=\"t_1 m0_1 x2e h58 y58 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">32.350<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x6e7 y16b4 w23b h72\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto sobre beneficios </div></td><td class=\"c x764 y16b4 w71 h72\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.848    </div></td><td class=\"c x765 y16b4 w136 h72\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.712    </div></td><td class=\"c x766 y16b4 w43 h72\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(144)    </div></td><td class=\"c x767 y16b4 w12 h72\"><div class=\"t_1 m0_1 x2e h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.416    </div></td><td class=\"c x768 y16b4 w1f4 h72\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.393) </div></td><td class=\"c x769 y16b4 w2a h72\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(693) </div></td><td class=\"c x76a y16b4 w12 h72\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(144) </div></td><td class=\"c x76b y16b4 w8_1 h72\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.230) </div></td></tr><tr><td class=\"c x6e7 y16b5 w23b h13b\"><div class=\"t_1 m0_1 x10 h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) DEL EJERCICIO PROCEDENTE DE OPERACIONES </div><div class=\"t_1 m0_1 x10 h58 yd2e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CONTINUADAS </div></td><td class=\"c x764 y16b5 w71 h13b\"><div class=\"t_1 m0_1 x2b h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(41.641)    </div></td><td class=\"c x765 y16b5 w136 h13b\"><div class=\"t_1 m0_1 xc7 h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22.574)    </div></td><td class=\"c x766 y16b5 w43 h13b\"><div class=\"t_1 m0_1 x44 h58 y58 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.713   <span class=\"ls0_1\"> </span></div></td><td class=\"c x767 y16b5 w12 h13b\"><div class=\"t_1 m0_1 xb3 h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(62.502)    </div></td><td class=\"c x768 y16b5 w1f4 h13b\"><div class=\"t_1 m0_1 x19 h58 y58 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">43.831<span class=\"ls0_1\"> </span></div></td><td class=\"c x769 y16b5 w2a h13b\"><div class=\"t_1 m0_1 x3a h58 y58 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(25.192) </div></td><td class=\"c x76a y16b5 w12 h13b\"><div class=\"t_1 m0_1 x58 h58 y58 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.481<span class=\"ls0_1\"> </span></div></td><td class=\"c x76b y16b5 w8_1 h13b\"><div class=\"t_1 m0_1 x2e h58 y58 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">20.120<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x6e7 y16b6 w23b h26\"><div class=\"t_1 m0_1 x10 h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado atribuido a intereses minoritarios procedente<span class=\"_ _2\"></span> de Operac<span class=\"_ _3\"></span>iones </div><div class=\"t_1 m0_1 x10 h20 ycea ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">continuadas </div></td><td class=\"c x764 y16b6 w71 h26\"><div class=\"t_1 m0_1 x35 h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x765 y16b6 w136 h26\"><div class=\"t_1 m0_1 x44 h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.045    </div></td><td class=\"c x766 y16b6 w43 h26\"><div class=\"t_1 m0_1 x37 h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x767 y16b6 w12 h26\"><div class=\"t_1 m0_1 x58 h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.045    </div></td><td class=\"c x768 y16b6 w1f4 h26\"><div class=\"t_1 m0_1 x58 h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x769 y16b6 w2a h26\"><div class=\"t_1 m0_1 x3a h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.431) </div></td><td class=\"c x76a y16b6 w12 h26\"><div class=\"t_1 m0_1 x1b h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x76b y16b6 w8_1 h26\"><div class=\"t_1 m0_1 xb3 h20 yd30 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.431) </div></td></tr><tr><td class=\"c x6e7 y16b7 w23b h13b\"><div class=\"t_1 m0_1 x1f h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> BENEFICIO/(P\u00c9RDIDA) DEL EJERCICIO ATRIBUIBLE A LA SOCIEDAD </div><div class=\"t_1 m0_1 xac h58 yd2e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">DOMINANTE (*) </div></td><td class=\"c x764 y16b7 w71 h13b\"><div class=\"t_1 m0_1 x2b h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(41.641)    </div></td><td class=\"c x765 y16b7 w136 h13b\"><div class=\"t_1 m0_1 xc7 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.529)    </div></td><td class=\"c x766 y16b7 w43 h13b\"><div class=\"t_1 m0_1 x44 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.713   <span class=\"ls0_1\"> </span></div></td><td class=\"c x767 y16b7 w12 h13b\"><div class=\"t_1 m0_1 xb3 h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(54.457)    </div></td><td class=\"c x768 y16b7 w1f4 h13b\"><div class=\"t_1 m0_1 x19 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">43.831<span class=\"ls0_1\"> </span></div></td><td class=\"c x769 y16b7 w2a h13b\"><div class=\"t_1 m0_1 x3a h58 y47 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(13.761) </div></td><td class=\"c x76a y16b7 w12 h13b\"><div class=\"t_1 m0_1 x58 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.481<span class=\"ls0_1\"> </span></div></td><td class=\"c x76b y16b7 w8_1 h13b\"><div class=\"t_1 m0_1 x2e h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.551<span class=\"ls0_1\"> </span></div></td></tr></table>Resultado de sociedades integradas por el m\u00e9todo de la participaci\u00f3n 4 - - 4 13<span class=\"ls0_1\"> </span>- - 13<span class=\"ls0_1\"> </span>(*) \u00cdntegramente procedente de operaciones conti<span class=\"_ _2\"></span>nuadas<span class=\"_ _65\"> </span>ENCE ENERG\u00cdA Y CE<span class=\"_ _3\"></span>LULOSA, S.A. Y SOCIEDADES DEPE<span class=\"_ _3\"></span>NDIENTES<span class=\"_ _3\"></span> ESTADO DE FLUJOS DE E<span class=\"_ _3\"></span>FECTIVO CONSOLI<span class=\"_ _3\"></span>DADO POR NEGOCIOS C<span class=\"_ _3\"></span>ORRESPONDIEN<span class=\"_ _3\"></span>TES <span class=\"_ _3\"></span>A LOS EJERCICIOS 2<span class=\"_ _3\"></span>025 Y 2024 2025<span class=\"ls0_1\"> </span><table class=\"s w4d3 h223\" id=\"_e535cf87-52f3-4c66-b333-81b26ee97b27\"><tr><td class=\"c x76d y16b8 w240 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x76e y16b8 w243 h86\"><div class=\"t_1 m0_1 x20 h58 y575 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa </div></td><td class=\"c x76f y16b9 w4c5 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x770 y16b9 w4c8 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td class=\"c x771 y16b9 w4c7 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x76d y16ba w240 h13\"><div class=\"t_1 m0_1 x10 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">FLUJOS DE EFECTIVO DE LAS ACTIVIDADES<span class=\"_ _2\"></span> DE </div><div class=\"t_1 m0_1 x10 h58 yd3c ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EXPLOTACI\u00d3N: </div></td><td></td><td class=\"c x772 y16bb w4ca h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables</div></td><td class=\"c x773 y16bb w4d2 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x774 y16bb w4cd h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CONSOLIDADO<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x76d y16bc w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficio consolidado antes de impuestos de actividades </div><div class=\"t_1 m0_1 x10 h20 yd3f ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ordinarias </div></td><td class=\"c x76e y16bc w243 h39\"><div class=\"t_1 m0_1 xb6 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(57.489) </div></td><td class=\"c x775 y16bc w244 h39\"><div class=\"t_1 m0_1 x35 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(26.286) </div></td><td class=\"c x776 y16bc w245 h39\"><div class=\"t_1 m0_1 x57 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.857    </span></div></td><td class=\"c x777 y16bc w246 h39\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(81.918)    </div></td></tr><tr><td class=\"c x778 y16bf w4d4 h224\"><div class=\"t_1 m0_1 x1c9 h20 y16bd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes del resultado del ejercicio-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5d9 h20 y16be ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n de activos materiales, intangibles<span class=\"_ _2\"></span> y<span class=\"_ _65\"> </span></div></td><td class=\"c x76e y16c0 w243 h36\"><div class=\"t_1 m0_1 x39 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.869  </div></td><td class=\"c x775 y16c0 w244 h36\"><div class=\"t_1 m0_1 x16 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">32.105  </div></td><td class=\"c x776 y16c0 w245 h36\"><div class=\"t_1 m0_1 x15 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.857) </div></td><td class=\"c x777 y16c0 w246 h36\"><div class=\"t_1 m0_1 x4a h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">90.117    </span></div></td></tr><tr><td class=\"c x76d y16c1 w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Variaci\u00f3n provisiones y otros gastos a distribuir (neto)  </span></div></td><td class=\"c x76e y16c1 w243 h39\"><div class=\"t_1 m0_1 x39 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35.652  </div></td><td class=\"c x775 y16c1 w244 h39\"><div class=\"t_1 m0_1 xe8 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.863  </div></td><td class=\"c x776 y16c1 w245 h39\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16c1 w246 h39\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">44.515    </span></div></td></tr><tr><td class=\"c x76d y16c2 w240 h36\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Deterioros de valor y resultados del<span class=\"_ _2\"></span> inmovilizado </span></div><div class=\"t_1 m0_1 x10 h20 yd43 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">material, inmaterial y financiero </div></td><td class=\"c x76e y16c2 w243 h36\"><div class=\"t_1 m0_1 x63 h20 yd3e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">574 <span class=\"ls0_1\"> </span></div></td><td class=\"c x775 y16c2 w244 h36\"><div class=\"t_1 m0_1 x12 h20 yd3e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">337 <span class=\"ls0_1\"> </span></div></td><td class=\"c x776 y16c2 w245 h36\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16c2 w246 h36\"><div class=\"t_1 m0_1 x12 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">911   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x76d y16c3 w240 h35\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Valor de ajuste por desviaciones y regulaci\u00f3n el\u00e9<span class=\"_ _2\"></span>ctrica<span class=\"_ _3\"></span> </span></div></td><td class=\"c x76e y16c3 w243 h35\"><div class=\"t_1 m0_1 x39 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.217) </div></td><td class=\"c x775 y16c3 w244 h35\"><div class=\"t_1 m0_1 x16 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.914) </div></td><td class=\"c x776 y16c3 w245 h35\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16c3 w246 h35\"><div class=\"t_1 m0_1 x17 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.131)    </div></td></tr><tr><td class=\"c x76d y16c4 w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Gastos e ingresos financieros (neto) </span></div></td><td class=\"c x76e y16c4 w243 h39\"><div class=\"t_1 m0_1 x39 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.786  </div></td><td class=\"c x775 y16c4 w244 h39\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16.380  </div></td><td class=\"c x776 y16c4 w245 h39\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24)    </div></td><td class=\"c x777 y16c4 w246 h39\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">35.142    </span></div></td></tr><tr><td class=\"c x76d y16c5 w240 h36\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Variaci\u00f3n de valor razonable en instrumen<span class=\"_ _2\"></span>tos </span></div><div class=\"t_1 m0_1 x10 h20 yd3f ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros </div></td><td class=\"c x76e y16c5 w243 h36\"><div class=\"t_1 m0_1 xe4 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.700  </div></td><td class=\"c x775 y16c5 w244 h36\"><div class=\"t_1 m0_1 x3b h20 yd3e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">0 <span class=\"ls0_1\"> </span></div></td><td class=\"c x776 y16c5 w245 h36\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16c5 w246 h36\"><div class=\"t_1 m0_1 x99 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.700    </span></div></td></tr><tr><td class=\"c x76d y16c6 w240 h36\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Subvenciones transferidas a resultados  </span></div></td><td class=\"c x76e y16c6 w243 h36\"><div class=\"t_1 m0_1 x136 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(852) </div></td><td class=\"c x775 y16c6 w244 h36\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(87) </div></td><td class=\"c x776 y16c6 w245 h36\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16c6 w246 h36\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(939) </div></td></tr><tr><td class=\"c x76d y16c7 w240 h36\"><div class=\"t_1 m0_1 x10 h58 yd3e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cambios en el capital circulante- </div></td><td class=\"c x76e y16c8 w243 h13\"><div class=\"t_1 m0_1 x25 h58 yd46 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">118.512 <span class=\"ls0_1\"> </span></div></td><td class=\"c x775 y16c8 w244 h13\"><div class=\"t_1 m0_1 x16 h58 yd46 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">50.684 <span class=\"ls0_1\"> </span></div></td><td class=\"c x776 y16c8 w245 h13\"><div class=\"t_1 m0_1 x15 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.881)    </div></td><td class=\"c x777 y16c8 w246 h13\"><div class=\"t_1 m0_1 x16 h58 yd46 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">167.315 <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x76d y16c9 w240 h36\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Existencias </div></td><td class=\"c x76e y16c9 w243 h36\"><div class=\"t_1 m0_1 x63 h20 y49 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">658 <span class=\"ls0_1\"> </span></div></td><td class=\"c x775 y16c9 w244 h36\"><div class=\"t_1 m0_1 x35 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.036) </div></td><td class=\"c x776 y16c9 w245 h36\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16c9 w246 h36\"><div class=\"t_1 m0_1 x16 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(10.378)    </div></td></tr><tr><td class=\"c x76d y16ca w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores comerciales y otras cuentas a cobrar </div></td><td class=\"c x76e y16ca w243 h39\"><div class=\"t_1 m0_1 x39 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.691  </div></td><td class=\"c x775 y16ca w244 h39\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16.604  </div></td><td class=\"c x776 y16ca w245 h39\"><div class=\"t_1 m0_1 x15 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.174)    </div></td><td class=\"c x777 y16ca w246 h39\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.121    </span></div></td></tr><tr><td class=\"c x76d y16cb w240 h36\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores comerciales, otras cuentas a pagar, y otras </div><div class=\"t_1 m0_1 x10 h20 yd3f ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deudas </div></td><td class=\"c x76e y16cb w243 h36\"><div class=\"t_1 m0_1 x39 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.543) </div></td><td class=\"c x775 y16cb w244 h36\"><div class=\"t_1 m0_1 x35 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(19.933) </div></td><td class=\"c x776 y16cb w245 h36\"><div class=\"t_1 m0_1 x57 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.180    </span></div></td><td class=\"c x777 y16cb w246 h36\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(20.296)    </div></td></tr><tr><td class=\"c x76d y16cc w240 h39\"><div class=\"t_1 m0_1 x10 h58 yd3e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros flujos de efectivo de las actividades de </div><div class=\"t_1 m0_1 x10 h58 yd3f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n- </div></td><td class=\"c x76e y16cd w243 h13\"><div class=\"t_1 m0_1 x27 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">10.806   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x775 y16cd w244 h13\"><div class=\"t_1 m0_1 x35 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.365)    </div></td><td class=\"c x776 y16cd w245 h13\"><div class=\"t_1 m0_1 x37 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x777 y16cd w246 h13\"><div class=\"t_1 m0_1 x17 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.553)    </div></td></tr><tr><td class=\"c x76d y16ce w240 h36\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Pagos de intereses netos </div></td><td class=\"c x76e y16ce w243 h36\"><div class=\"t_1 m0_1 xb6 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(19.552)    </div></td><td class=\"c x775 y16ce w244 h36\"><div class=\"t_1 m0_1 x35 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(15.653)    </div></td><td class=\"c x776 y16ce w245 h36\"><div class=\"t_1 m0_1 x45 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">27   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x777 y16ce w246 h36\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(35.178)    </div></td></tr><tr><td class=\"c x76d y16cf w240 h36\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros / (Pagos) por impuesto sobre bene<span class=\"_ _2\"></span>ficios<span class=\"_ _3\"></span> </div></td><td class=\"c x76e y16cf w243 h36\"><div class=\"t_1 m0_1 x39 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.030    </span></div></td><td class=\"c x775 y16cf w244 h36\"><div class=\"t_1 m0_1 x23 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">587   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x776 y16cf w245 h36\"><div class=\"t_1 m0_1 x99 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6)    </div></td><td class=\"c x777 y16cf w246 h36\"><div class=\"t_1 m0_1 x99 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.611    </span></div></td></tr><tr><td class=\"c x76d y16d0 w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan de retribuci\u00f3n a largo plazo y otros </div><div class=\"t_1 m0_1 x10 h20 yd4b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></td><td class=\"c x76e y16d0 w243 h39\"><div class=\"t_1 m0_1 x7b h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x775 y16d0 w244 h39\"><div class=\"t_1 m0_1 x3b h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x776 y16d0 w245 h39\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16d0 w246 h39\"><div class=\"t_1 m0_1 x4_1 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td></tr><tr><td></td><td class=\"c x76e y16d1 w243 h13\"><div class=\"t_1 m0_1 xb6 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16.522)    </div></td><td class=\"c x775 y16d1 w244 h13\"><div class=\"t_1 m0_1 x35 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(15.066)    </div></td><td class=\"c x776 y16d1 w245 h13\"><div class=\"t_1 m0_1 x45 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">21   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x777 y16d1 w246 h13\"><div class=\"t_1 m0_1 x16 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.567)    </div></td></tr><tr><td class=\"c x76d y16d2 w240 h13\"><div class=\"t_1 m0_1 x10 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Flujos netos de efectivo de actividades de explo<span class=\"_ _2\"></span>taci\u00f3n<span class=\"_ _3\"></span> </div></td><td class=\"c x76e y16d2 w243 h13\"><div class=\"t_1 m0_1 x27 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">55.307   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x775 y16d2 w244 h13\"><div class=\"t_1 m0_1 x16 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.033)    </div></td><td class=\"c x776 y16d2 w245 h13\"><div class=\"t_1 m0_1 x37 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">3   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x777 y16d2 w246 h13\"><div class=\"t_1 m0_1 x4a h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">50.277   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x76d y16d3 w240 h13\"><div class=\"t_1 m0_1 x10 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">FLUJOS DE EFECTIVO DE LAS ACTIVIDADES<span class=\"_ _2\"></span> DE </div><div class=\"t_1 m0_1 x10 h58 yd3c ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">INVERSI\u00d3N: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x76d y16d4 w240 h36\"><div class=\"t_1 m0_1 x10 h58 yd3e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pagos por inversiones: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x76d y16d5 w240 h36\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Empresas del Grupo y Asociadas </div></td><td class=\"c x76e y16d5 w243 h36\"><div class=\"t_1 m0_1 x39 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.495    </span></div></td><td class=\"c x775 y16d5 w244 h36\"><div class=\"t_1 m0_1 x37 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(273)    </div></td><td class=\"c x776 y16d5 w245 h36\"><div class=\"t_1 m0_1 x15 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.222)    </div></td><td class=\"c x777 y16d5 w246 h36\"><div class=\"t_1 m0_1 x4_1 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td></tr><tr><td class=\"c x76d y16d6 w240 h13f\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Propiedad, planta y equipo y activos biol\u00f3gicos </div></td><td class=\"c x76e y16d6 w243 h13f\"><div class=\"t_1 m0_1 xb6 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(67.466)    </div></td><td class=\"c x775 y16d6 w244 h13f\"><div class=\"t_1 m0_1 x35 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(25.116)    </div></td><td class=\"c x776 y16d6 w245 h13f\"><div class=\"t_1 m0_1 x99 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1)    </div></td><td class=\"c x777 y16d6 w246 h13f\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(92.583)    </div></td></tr><tr><td class=\"c x76d y16d7 w240 h36\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos intangibles </div></td><td class=\"c x76e y16d7 w243 h36\"><div class=\"t_1 m0_1 x3b h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.480)    </div></td><td class=\"c x775 y16d7 w244 h36\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.361)    </div></td><td class=\"c x776 y16d7 w245 h36\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16d7 w246 h36\"><div class=\"t_1 m0_1 x17 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.841)    </div></td></tr><tr><td class=\"c x76d y16d8 w240 h36\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Combinaci\u00f3n de negocios </div></td><td class=\"c x76e y16d8 w243 h36\"><div class=\"t_1 m0_1 x7b h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x775 y16d8 w244 h36\"><div class=\"t_1 m0_1 x26 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3)    </div></td><td class=\"c x776 y16d8 w245 h36\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16d8 w246 h36\"><div class=\"t_1 m0_1 xcd h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3)    </div></td></tr><tr><td class=\"c x76d y16d9 w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos financieros </div></td><td class=\"c x76e y16d9 w243 h39\"><div class=\"t_1 m0_1 x39 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.454    </span></div></td><td class=\"c x775 y16d9 w244 h39\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.806)    </div></td><td class=\"c x776 y16d9 w245 h39\"><div class=\"t_1 m0_1 x45 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">82   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x777 y16d9 w246 h39\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(270)    </div></td></tr><tr><td></td><td class=\"c x76e y16da w243 h8d\"><div class=\"t_1 m0_1 xb6 h58 y512 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(63.997) </div></td><td class=\"c x775 y16da w244 h8d\"><div class=\"t_1 m0_1 x35 h58 y512 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.559) </div></td><td class=\"c x776 y16da w245 h8d\"><div class=\"t_1 m0_1 x15 h58 y512 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.141)    </div></td><td class=\"c x777 y16da w246 h8d\"><div class=\"t_1 m0_1 x16 h58 y512 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(98.697) </div></td></tr><tr><td class=\"c x76d y16db w240 h36\"><div class=\"t_1 m0_1 x10 h58 yd3e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros por desinversiones: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x76d y16dc w240 h36\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Propiedad, planta y equipo </div></td><td class=\"c x76e y16dc w243 h36\"><div class=\"t_1 m0_1 x36 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">156   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x775 y16dc w244 h36\"><div class=\"t_1 m0_1 x3b h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x776 y16dc w245 h36\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16dc w246 h36\"><div class=\"t_1 m0_1 x12 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">156   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x76d y16dd w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos financieros </div></td><td class=\"c x76e y16dd w243 h39\"><div class=\"t_1 m0_1 x27 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.440    </span></div></td><td class=\"c x775 y16dd w244 h39\"><div class=\"t_1 m0_1 x23 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">293   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x776 y16dd w245 h39\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(84)    </div></td><td class=\"c x777 y16dd w246 h39\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.649    </span></div></td></tr><tr><td></td><td class=\"c x76e y16de w243 h13\"><div class=\"t_1 m0_1 x27 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11.596   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x775 y16de w244 h13\"><div class=\"t_1 m0_1 x23 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">293   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x776 y16de w245 h13\"><div class=\"t_1 m0_1 x4a h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(84)    </div></td><td class=\"c x777 y16de w246 h13\"><div class=\"t_1 m0_1 x4a h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11.805   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x76d y16df w240 h13\"><div class=\"t_1 m0_1 x10 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Flujos netos de efectivo de actividades de inversi\u00f3n </div></td><td class=\"c x76e y16df w243 h13\"><div class=\"t_1 m0_1 xb6 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(52.401)    </div></td><td class=\"c x775 y16df w244 h13\"><div class=\"t_1 m0_1 x35 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.266)    </div></td><td class=\"c x776 y16df w245 h13\"><div class=\"t_1 m0_1 x15 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.225)    </div></td><td class=\"c x777 y16df w246 h13\"><div class=\"t_1 m0_1 x16 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(86.892)    </div></td></tr><tr><td class=\"c x76d y16e0 w240 h13\"><div class=\"t_1 m0_1 x10 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">FLUJOS DE EFECTIVO DE LAS ACTIVIDADES<span class=\"_ _2\"></span> DE </div><div class=\"t_1 m0_1 x10 h58 yd3c ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">FINANCIACI\u00d3N: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x76d y16e1 w240 h36\"><div class=\"t_1 m0_1 x10 h58 yd3e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros (pagos) po<span class=\"_ _2\"></span>r instrumentos de patrimonio:<span class=\"_ _3\"></span> </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x76d y16e2 w240 h36\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Transacciones con participaciones no dominantes </span></div></td><td class=\"c x76e y16e2 w243 h36\"><div class=\"t_1 m0_1 x7b h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x775 y16e2 w244 h36\"><div class=\"t_1 m0_1 x3b h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x776 y16e2 w245 h36\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16e2 w246 h36\"><div class=\"t_1 m0_1 x4_1 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td></tr><tr><td class=\"c x76d y16e3 w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Adquisici\u00f3n de instrumentos de patrimonio propio </span></div></td><td class=\"c x76e y16e3 w243 h39\"><div class=\"t_1 m0_1 xb6 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(23.525)    </div></td><td class=\"c x775 y16e3 w244 h39\"><div class=\"t_1 m0_1 x3b h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x776 y16e3 w245 h39\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16e3 w246 h39\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(23.525)    </div></td></tr><tr><td class=\"c x76d y16e4 w240 h36\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Enajenaci\u00f3n de instrumentos de patrimonio propio </span></div></td><td class=\"c x76e y16e4 w243 h36\"><div class=\"t_1 m0_1 x27 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">22.342    </span></div></td><td class=\"c x775 y16e4 w244 h36\"><div class=\"t_1 m0_1 x3b h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x776 y16e4 w245 h36\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16e4 w246 h36\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">22.342    </span></div></td></tr><tr><td class=\"c x76d y16e5 w240 h39\"><div class=\"t_1 m0_1 x10 h58 yd3e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros (pagos) po<span class=\"_ _2\"></span>r instrumentos de pasivo financiero:<span class=\"_ _3\"></span> </div></td><td class=\"c x76e y16e6 w243 h13\"><div class=\"t_1 m0_1 x3b h58 yd3b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.183)   <span class=\"ff2\"> </span></div></td><td class=\"c x775 y16e6 w244 h13\"><div class=\"t_1 m0_1 x3b h58 yd3b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td><td class=\"c x776 y16e6 w245 h13\"><div class=\"t_1 m0_1 x61 h58 yd3b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td><td class=\"c x777 y16e6 w246 h13\"><div class=\"t_1 m0_1 x17 h58 yd3b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.183)<span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x76d y16e7 w240 h36\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Partes vinculadas </span></div></td><td class=\"c x76e y16e7 w243 h36\"><div class=\"t_1 m0_1 x189 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">84   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x775 y16e7 w244 h36\"><div class=\"t_1 m0_1 x16 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.306)    </div></td><td class=\"c x776 y16e7 w245 h36\"><div class=\"t_1 m0_1 x57 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.222    </span></div></td><td class=\"c x777 y16e7 w246 h36\"><div class=\"t_1 m0_1 x4_1 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td></tr><tr><td class=\"c x76d y16e8 w240 h35\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Obligaciones (neto de gastos de formalizaci\u00f3n) </span></div></td><td class=\"c x76e y16e8 w243 h35\"><div class=\"t_1 m0_1 x39 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.500    </span></div></td><td class=\"c x775 y16e8 w244 h35\"><div class=\"t_1 m0_1 x3b h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x776 y16e8 w245 h35\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16e8 w246 h35\"><div class=\"t_1 m0_1 x99 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.500    </span></div></td></tr><tr><td class=\"c x76d y16e9 w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Aumento (disminuci\u00f3n) deudas con entidades de </span></div><div class=\"t_1 m0_1 x10 h20 yd3f ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cr\u00e9dito, neto de gastos de formalizaci\u00f3n </div></td><td class=\"c x76e y16e9 w243 h39\"><div class=\"t_1 m0_1 x39 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.837    </span></div></td><td class=\"c x775 y16e9 w244 h39\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.796    </span></div></td><td class=\"c x776 y16e9 w245 h39\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16e9 w246 h39\"><div class=\"t_1 m0_1 x99 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.633    </span></div></td></tr><tr><td class=\"c x76d y16ea w240 h36\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Aumento (disminuci\u00f3n) de otras deudas  </span></div></td><td class=\"c x76e y16ea w243 h36\"><div class=\"t_1 m0_1 x3b h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.044)    </div></td><td class=\"c x775 y16ea w244 h36\"><div class=\"t_1 m0_1 x3b h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x776 y16ea w245 h36\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16ea w246 h36\"><div class=\"t_1 m0_1 x17 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.044)    </div></td></tr><tr><td class=\"c x76d y16eb w240 h36\"><div class=\"t_1 m0_1 x10 h20 y49 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Pagos por Derechos de uso sobre activos </span></div></td><td class=\"c x76e y16eb w243 h36\"><div class=\"t_1 m0_1 x3b h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.860)    </div></td><td class=\"c x775 y16eb w244 h36\"><div class=\"t_1 m0_1 x16 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.728)    </div></td><td class=\"c x776 y16eb w245 h36\"><div class=\"t_1 m0_1 x61 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16eb w246 h36\"><div class=\"t_1 m0_1 x16 h20 y49 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.588)    </div></td></tr><tr><td class=\"c x76d y16ec w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Subvenciones recibidas netas </span></div></td><td class=\"c x76e y16ec w243 h39\"><div class=\"t_1 m0_1 x36 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">752   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x775 y16ec w244 h39\"><div class=\"t_1 m0_1 x4a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.495    </span></div></td><td class=\"c x776 y16ec w245 h39\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16ec w246 h39\"><div class=\"t_1 m0_1 x99 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.247    </span></div></td></tr><tr><td class=\"c x76d y16ed w240 h36\"><div class=\"t_1 m0_1 x10 h58 y49 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pagos por dividendos y remuneracion<span class=\"_ _2\"></span>es de otros </div><div class=\"t_1 m0_1 x10 h58 yd3f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de patrimonio:<span class=\"ff3\"> </span></div></td><td class=\"c x76e y16ee w243 h13\"><div class=\"t_1 m0_1 x3b h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.731) </div></td><td class=\"c x775 y16ee w244 h13\"><div class=\"t_1 m0_1 xe8 h58 yd3b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.257 <span class=\"ls0_1\"> </span></div></td><td class=\"c x776 y16ee w245 h13\"><div class=\"t_1 m0_1 x58 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6.222   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x777 y16ee w246 h13\"><div class=\"t_1 m0_1 x1b h58 yd3b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.748 <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x76d y16ef w240 h39\"><div class=\"t_1 m0_1 xe h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos pagados por accionistas ENCE </div></td><td class=\"c x76e y16ef w243 h39\"><div class=\"t_1 m0_1 x7b h58 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td><td class=\"c x775 y16ef w244 h39\"><div class=\"t_1 m0_1 x3b h58 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td><td class=\"c x776 y16ef w245 h39\"><div class=\"t_1 m0_1 x61 h58 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td><td class=\"c x777 y16ef w246 h39\"><div class=\"t_1 m0_1 x4_1 h58 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x76d y16f0 w240 h36\"><div class=\"t_1 m0_1 xe h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos pagados a minoritarios </div></td><td class=\"c x76e y16f0 w243 h36\"><div class=\"t_1 m0_1 x7b h58 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td><td class=\"c x775 y16f0 w244 h36\"><div class=\"t_1 m0_1 x37 h58 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(441)   <span class=\"ff2\"> </span></div></td><td class=\"c x776 y16f0 w245 h36\"><div class=\"t_1 m0_1 x61 h58 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span><span class=\"ff2\"> </span></div></td><td class=\"c x777 y16f0 w246 h36\"><div class=\"t_1 m0_1 x61 h58 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(441)   <span class=\"ff2\"> </span></div></td></tr><tr><td></td><td class=\"c x76e y16f1 w243 h13\"><div class=\"t_1 m0_1 x7b h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x775 y16f1 w244 h13\"><div class=\"t_1 m0_1 x37 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(441)    </div></td><td class=\"c x776 y16f1 w245 h13\"><div class=\"t_1 m0_1 x61 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16f1 w246 h13\"><div class=\"t_1 m0_1 x61 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(441)    </div></td></tr><tr><td class=\"c x76d y16f2 w240 h13\"><div class=\"t_1 m0_1 x10 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Flujos netos de efectivo de actividades de financiac<span class=\"_ _2\"></span>i\u00f3n<span class=\"_ _3\"></span> </div></td><td class=\"c x76e y16f2 w243 h13\"><div class=\"t_1 m0_1 x3b h58 yd46 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.914)    </div></td><td class=\"c x775 y16f2 w244 h13\"><div class=\"t_1 m0_1 x23 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">816   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x776 y16f2 w245 h13\"><div class=\"t_1 m0_1 x58 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6.222   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x777 y16f2 w246 h13\"><div class=\"t_1 m0_1 x12 h58 yd46 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">124   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x76d y16f3 w240 h13\"><div class=\"t_1 m0_1 x10 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">AUMENTO/DISMINUCI\u00d3N NETA DEL EFECTIVO O </div><div class=\"t_1 m0_1 x10 h58 yd3c ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EQUIVALENTES </div></td><td class=\"c x76e y16f3 w243 h13\"><div class=\"t_1 m0_1 x3b h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.008)    </div></td><td class=\"c x775 y16f3 w244 h13\"><div class=\"t_1 m0_1 x35 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(32.483)    </div></td><td class=\"c x776 y16f3 w245 h13\"><div class=\"t_1 m0_1 x61 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16f3 w246 h13\"><div class=\"t_1 m0_1 x16 h58 yd3b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(36.491)    </div></td></tr><tr><td class=\"c x76d y16f4 w240 h13\"><div class=\"t_1 m0_1 x10 h20 yd3b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo y equivalentes al comienzo del peri<span class=\"_ _2\"></span>odo<span class=\"_ _3\"></span> </div></td><td class=\"c x76e y16f4 w243 h13\"><div class=\"t_1 m0_1 xd8 h20 yd3b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">184.582    </span></div></td><td class=\"c x775 y16f4 w244 h13\"><div class=\"t_1 m0_1 x16 h20 yd3b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">79.360  </div></td><td class=\"c x776 y16f4 w245 h13\"><div class=\"t_1 m0_1 x61 h20 yd3b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16f4 w246 h13\"><div class=\"t_1 m0_1 x1a h20 yd3b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">263.942    </span></div></td></tr><tr><td class=\"c x76d y16f5 w240 h39\"><div class=\"t_1 m0_1 x10 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo y equivalentes al final del peri<span class=\"_ _2\"></span>odo<span class=\"_ _3\"></span> </div></td><td class=\"c x76e y16f5 w243 h39\"><div class=\"t_1 m0_1 xd8 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">180.574    </span></div></td><td class=\"c x775 y16f5 w244 h39\"><div class=\"t_1 m0_1 x1a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">46.877    </span></div></td><td class=\"c x776 y16f5 w245 h39\"><div class=\"t_1 m0_1 x61 h20 yd3e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x777 y16f5 w246 h39\"><div class=\"t_1 m0_1 x1a h20 yd3e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">227.451</span><span class=\"ls0_1\">    </span></div></td></tr></table>ENCE ENERG\u00cdA Y CELULOSA, S.A. Y SOCIE<span class=\"_ _3\"></span>DADES DEPENDIE<span class=\"_ _3\"></span>NTES<span class=\"_ _3\"></span> ESTADO DE FLUJOS DE E<span class=\"_ _3\"></span>FECTIVO CONSOLI<span class=\"_ _3\"></span>DADO POR NEGOCIOS C<span class=\"_ _3\"></span>ORRESPONDIEN<span class=\"_ _3\"></span>TES A LOS EJERCICIOS 2<span class=\"_ _3\"></span>025 Y 2024 2024<span class=\"ls0_1\"> </span><table class=\"s w4d5 h225\" id=\"_bf7c2edc-9907-4b6e-9bb7-74f58c77bc93\"><tr><td class=\"c x77a y16f6 w249 h2c\"><div class=\"t_1 m0_1 x10 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _2\"></span> Euros </div></td><td class=\"c x77b y16f7 w4d6 h226\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x77c y16f7 w4d6 h226\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x77d y16f7 w4d7 h226\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td class=\"c x77e y16f7 w4d8 h226\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">TOTAL<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x77a y16f8 w249 h13\"><div class=\"t_1 m0_1 x10 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">FLUJOS DE EFECT<span class=\"_ _2\"></span>IVO DE LAS A<span class=\"_ _2\"></span>CTIVIDADES DE EXPLO<span class=\"_ _2\"></span>TACI\u00d3N: </div></td><td class=\"c x77f y16f9 w4d9 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x780 y16f9 w284 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables</div></td><td class=\"c x781 y16f9 w4da h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminaciones</div></td><td class=\"c x782 y16f9 w272 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">CONSOLIDADO<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x77a y16fa w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Benefi<span class=\"_ _2\"></span>cio consolidado a<span class=\"_ _2\"></span>ntes de impuestos de<span class=\"_ _2\"></span> actividades ordi<span class=\"_ _2\"></span>narias </div></td><td class=\"c x783 y16fa w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">55.224 </div></td><td class=\"c x784 y16fa w24c h36\"><div class=\"t_1 m0_1 x2e hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(24.499) </div></td><td class=\"c x785 y16fa w24d h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">1.625 </div></td><td class=\"c x786 y16fa w24e h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">32.350 </div></td></tr><tr><td class=\"c x1ca y16fc w4db h227\"><div class=\"t_1 m0_1 x1c9 hf y16fb ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes del<span class=\"_ _2\"></span> resultado del e<span class=\"_ _2\"></span>jercicio-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5d6 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n de<span class=\"_ _2\"></span> activos mater<span class=\"_ _2\"></span>iales, intangible<span class=\"_ _2\"></span>s y reserva fore<span class=\"_ _2\"></span>stal<span class=\"_ _65\"> </span></div></td><td class=\"c x783 y16fd w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">67.648 </div></td><td class=\"c x784 y16fd w24c h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">34.498 </div></td><td class=\"c x785 y16fd w24d h36\"><div class=\"t_1 m0_1 x2e hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(1.623) </div></td><td class=\"c x786 y16fd w24e h36\"><div class=\"t_1 m0_1 x44 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100.523 </div></td></tr><tr><td class=\"c x77a y16fe w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Variaci\u00f3n <span class=\"_ _2\"></span>provisiones y otro<span class=\"_ _2\"></span>s gastos a distri<span class=\"_ _2\"></span>buir (neto)  </span></div></td><td class=\"c x783 y16fe w24b h36\"><div class=\"t_1 m0_1 x30 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">8.610 </div></td><td class=\"c x784 y16fe w24c h36\"><div class=\"t_1 m0_1 x35 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">4.908 </div></td><td class=\"c x785 y16fe w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y16fe w24e h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">13.518 </div></td></tr><tr><td class=\"c x77a y16ff w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Deterioro<span class=\"_ _2\"></span>s de valor y resu<span class=\"_ _2\"></span>ltados del inmovil<span class=\"_ _2\"></span>izado material, i<span class=\"_ _2\"></span>nmaterial y financ<span class=\"_ _2\"></span>iero </span></div></td><td class=\"c x783 y16ff w24b h39\"><div class=\"t_1 m0_1 x30 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">1.885 </div></td><td class=\"c x784 y16ff w24c h39\"><div class=\"t_1 m0_1 x58 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(1.707) </div></td><td class=\"c x785 y16ff w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y16ff w24e h39\"><div class=\"t_1 m0_1 x45 hf y5a ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">178<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x77a y1700 w249 h35\"><div class=\"t_1 m0_1 x10 hf yd64 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Valor de a<span class=\"_ _2\"></span>juste por desviaci<span class=\"_ _2\"></span>ones y regulaci\u00f3n e<span class=\"_ _2\"></span>l\u00e9ctrica </span></div></td><td class=\"c x783 y1700 w24b h35\"><div class=\"t_1 m0_1 xc7 hf yd64 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(815) </div></td><td class=\"c x784 y1700 w24c h35\"><div class=\"t_1 m0_1 x1a hf yd64 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(865) </div></td><td class=\"c x785 y1700 w24d h35\"><div class=\"t_1 m0_1 x37 hf yd64 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1700 w24e h35\"><div class=\"t_1 m0_1 x57 hf yd64 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(1.680) </div></td></tr><tr><td class=\"c x77a y1701 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Gastos e ingre<span class=\"_ _2\"></span>sos financier<span class=\"_ _2\"></span>os (neto) </span></div></td><td class=\"c x783 y1701 w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">17.811 </div></td><td class=\"c x784 y1701 w24c h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">13.562 </div></td><td class=\"c x785 y1701 w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1701 w24e h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31.373 </div></td></tr><tr><td class=\"c x77a y1702 w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Subvencione<span class=\"_ _2\"></span>s transferidas a <span class=\"_ _2\"></span>resultados  </span></div></td><td class=\"c x783 y1702 w24b h39\"><div class=\"t_1 m0_1 xc7 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(932) </div></td><td class=\"c x784 y1702 w24c h39\"><div class=\"t_1 m0_1 x1a hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(141) </div></td><td class=\"c x785 y1702 w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1702 w24e h39\"><div class=\"t_1 m0_1 x57 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(1.073) </div></td></tr><tr><td class=\"c x77a y1703 w249 h36\"><div class=\"t_1 m0_1 x10 h10 y91 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cambios en el capi<span class=\"_ _2\"></span>tal circulante- </div></td><td class=\"c x783 y1704 w24b h13\"><div class=\"t_1 m0_1 x1f h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">94.207<span class=\"ls0_1\"> </span></div></td><td class=\"c x784 y1704 w24c h13\"><div class=\"t_1 m0_1 x58 h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">50.255<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y1704 w24d h13\"><div class=\"t_1 m0_1 x14 h10 y3a ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(1.623)<span class=\"ls0_1\"> </span></div></td><td class=\"c x786 y1704 w24e h13\"><div class=\"t_1 m0_1 x44 h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">142.839<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x77a y1705 w249 h142\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Existencias </div></td><td class=\"c x783 y1705 w24b h142\"><div class=\"t_1 m0_1 x19 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(29.511) </div></td><td class=\"c x784 y1705 w24c h142\"><div class=\"t_1 m0_1 x4a hf y5a ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">120<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y1705 w24d h142\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1705 w24e h142\"><div class=\"t_1 m0_1 x44 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(29.391) </div></td></tr><tr><td class=\"c x77a y1706 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores <span class=\"_ _2\"></span>comerciales y otr<span class=\"_ _2\"></span>as cuentas a cobrar </div></td><td class=\"c x783 y1706 w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(8.323) </div></td><td class=\"c x784 y1706 w24c h36\"><div class=\"t_1 m0_1 x2e hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(28.534) </div></td><td class=\"c x785 y1706 w24d h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">4.067 </div></td><td class=\"c x786 y1706 w24e h36\"><div class=\"t_1 m0_1 x44 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(32.790) </div></td></tr><tr><td class=\"c x77a y1707 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Inversione<span class=\"_ _2\"></span>s financieras y otr<span class=\"_ _2\"></span>os activos corr<span class=\"_ _2\"></span>ientes </div></td><td class=\"c x783 y1707 w24b h36\"><div class=\"t_1 m0_1 x1d hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x784 y1707 w24c h36\"><div class=\"t_1 m0_1 x12 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x785 y1707 w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1707 w24e h36\"><div class=\"t_1 m0_1 x43 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x77a y1708 w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedor<span class=\"_ _2\"></span>es comerciales, o<span class=\"_ _2\"></span>tras cuentas a pagar, y o<span class=\"_ _2\"></span>tras deudas </div></td><td class=\"c x783 y1708 w24b h39\"><div class=\"t_1 m0_1 x30 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">1.102 </div></td><td class=\"c x784 y1708 w24c h39\"><div class=\"t_1 m0_1 x1a hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(900) </div></td><td class=\"c x785 y1708 w24d h39\"><div class=\"t_1 m0_1 x2e hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(4.067) </div></td><td class=\"c x786 y1708 w24e h39\"><div class=\"t_1 m0_1 x57 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(3.865) </div></td></tr><tr><td class=\"c x77a y1709 w249 h36\"><div class=\"t_1 m0_1 x10 h10 y91 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Otros flujos de efecti<span class=\"_ _2\"></span>vo de las activid<span class=\"_ _2\"></span>ades de expl<span class=\"_ _2\"></span>otaci\u00f3n- </div></td><td class=\"c x783 y170a w24b h13\"><div class=\"t_1 m0_1 x2b h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(36.732) </div></td><td class=\"c x784 y170a w24c h13\"><div class=\"t_1 m0_1 x14 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(29.314) </div></td><td class=\"c x785 y170a w24d h13\"><div class=\"t_1 m0_1 x37 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y170a w24e h13\"><div class=\"t_1 m0_1 x2e h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(66.046) </div></td></tr><tr><td class=\"c x77a y170b w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> Pagos de inte<span class=\"_ _2\"></span>reses netos </div></td><td class=\"c x783 y170b w24b h39\"><div class=\"t_1 m0_1 x19 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(19.257) </div></td><td class=\"c x784 y170b w24c h39\"><div class=\"t_1 m0_1 x2e hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(14.192) </div></td><td class=\"c x785 y170b w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y170b w24e h39\"><div class=\"t_1 m0_1 x44 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(33.449) </div></td></tr><tr><td class=\"c x77a y170c w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros de d<span class=\"_ _2\"></span>ividendos </div></td><td class=\"c x783 y170c w24b h36\"><div class=\"t_1 m0_1 x2e hf y91 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">17<span class=\"ls0_1\"> </span></div></td><td class=\"c x784 y170c w24c h36\"><div class=\"t_1 m0_1 x12 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x785 y170c w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y170c w24e h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">17<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x77a y170d w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros / (Pagos) p<span class=\"_ _2\"></span>or impuesto<span class=\"_ _2\"></span> sobre benefi<span class=\"_ _2\"></span>cios </div></td><td class=\"c x783 y170d w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(6.487) </div></td><td class=\"c x784 y170d w24c h36\"><div class=\"t_1 m0_1 x35 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">9.611 </div></td><td class=\"c x785 y170d w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y170d w24e h36\"><div class=\"t_1 m0_1 x32 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">3.124 </div></td></tr><tr><td class=\"c x77a y170e w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Plan de ret<span class=\"_ _2\"></span>ribuci\u00f3n a l<span class=\"_ _2\"></span>argo plazo y otros </div><div class=\"t_1 m0_1 x10 hf yd6b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></td><td class=\"c x783 y170e w24b h39\"><div class=\"t_1 m0_1 xc7 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(236) </div></td><td class=\"c x784 y170e w24c h39\"><div class=\"t_1 m0_1 x12 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x785 y170e w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y170e w24e h39\"><div class=\"t_1 m0_1 x41 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(236) </div></td></tr><tr><td></td><td class=\"c x783 y170f w24b h13\"><div class=\"t_1 m0_1 x2b h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(25.963) </div></td><td class=\"c x784 y170f w24c h13\"><div class=\"t_1 m0_1 x58 h10 y3a ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(4.581)<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y170f w24d h13\"><div class=\"t_1 m0_1 x37 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y170f w24e h13\"><div class=\"t_1 m0_1 x2e h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(30.544) </div></td></tr><tr><td class=\"c x77a y1710 w249 h13\"><div class=\"t_1 m0_1 x10 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Flujos netos de efecti<span class=\"_ _2\"></span>vo de actividad<span class=\"_ _2\"></span>es de explotaci\u00f3n </div></td><td class=\"c x783 y1710 w24b h13\"><div class=\"t_1 m0_1 x1f h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">86.736<span class=\"ls0_1\"> </span></div></td><td class=\"c x784 y1710 w24c h13\"><div class=\"t_1 m0_1 x58 h10 y3a ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(8.139)<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y1710 w24d h13\"><div class=\"t_1 m0_1 x99 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x786 y1710 w24e h13\"><div class=\"t_1 m0_1 x57 h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">78.599<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x77a y1711 w249 h75\"><div class=\"t_1 m0_1 x10 h10 yb44 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">FLUJOS DE EFECT<span class=\"_ _2\"></span>IVO DE LAS A<span class=\"_ _2\"></span>CTIVIDADES DE IN<span class=\"_ _2\"></span>VERSI\u00d3N: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x77a y1712 w249 h36\"><div class=\"t_1 m0_1 x10 h10 y91 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pagos por inver<span class=\"_ _2\"></span>siones: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x77a y1713 w249 h35\"><div class=\"t_1 m0_1 x10 hf yd6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Empresas del G<span class=\"_ _2\"></span>rupo y Asoci<span class=\"_ _2\"></span>adas </div></td><td class=\"c x783 y1713 w24b h35\"><div class=\"t_1 m0_1 x19 hf yd6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(43.385) </div></td><td class=\"c x784 y1713 w24c h35\"><div class=\"t_1 m0_1 x1a hf yd6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(606) </div></td><td class=\"c x785 y1713 w24d h35\"><div class=\"t_1 m0_1 x2e hf yd6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">43.991 </div></td><td class=\"c x786 y1713 w24e h35\"><div class=\"t_1 m0_1 x43 hf yd6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x77a y1714 w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Propiedad, pl<span class=\"_ _2\"></span>anta y equi<span class=\"_ _2\"></span>po y activos biol\u00f3gic<span class=\"_ _2\"></span>os </div></td><td class=\"c x783 y1714 w24b h39\"><div class=\"t_1 m0_1 x19 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(52.014) </div></td><td class=\"c x784 y1714 w24c h39\"><div class=\"t_1 m0_1 x2e hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(18.873) </div></td><td class=\"c x785 y1714 w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1714 w24e h39\"><div class=\"t_1 m0_1 x44 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(70.887) </div></td></tr><tr><td class=\"c x77a y1715 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activos i<span class=\"_ _2\"></span>ntangibles </div></td><td class=\"c x783 y1715 w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(4.556) </div></td><td class=\"c x784 y1715 w24c h36\"><div class=\"t_1 m0_1 x58 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(1.415) </div></td><td class=\"c x785 y1715 w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1715 w24e h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(5.971) </div></td></tr><tr><td class=\"c x77a y1716 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Combinaci\u00f3n de<span class=\"_ _2\"></span> negocios </div></td><td class=\"c x783 y1716 w24b h36\"><div class=\"t_1 m0_1 x1d hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x784 y1716 w24c h36\"><div class=\"t_1 m0_1 x2e hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(17.<span class=\"ls4\">442</span>) </div></td><td class=\"c x785 y1716 w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1716 w24e h36\"><div class=\"t_1 m0_1 x44 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(17.<span class=\"ls4\">442</span>) </div></td></tr><tr><td class=\"c x77a y1717 w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activos f<span class=\"_ _2\"></span>inancieros </div></td><td class=\"c x783 y1717 w24b h39\"><div class=\"t_1 m0_1 x19 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(11.920) </div></td><td class=\"c x784 y1717 w24c h39\"><div class=\"t_1 m0_1 x1a hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls4\">830</span>) </div></td><td class=\"c x785 y1717 w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1717 w24e h39\"><div class=\"t_1 m0_1 x44 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(12.750) </div></td></tr><tr><td class=\"c x77a y1718 w249 h36\"><div class=\"t_1 m0_1 x10 h10 y91 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros por desi<span class=\"_ _2\"></span>nversiones: </div></td><td class=\"c x783 y1719 w24b h13\"><div class=\"t_1 m0_1 xe h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(111.875) </div></td><td class=\"c x784 y1719 w24c h13\"><div class=\"t_1 m0_1 x14 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls4\">39.166</span>) </div></td><td class=\"c x785 y1719 w24d h13\"><div class=\"t_1 m0_1 x2e h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">43.991<span class=\"ls0_1\"> </span></div></td><td class=\"c x786 y1719 w24e h13\"><div class=\"t_1 m0_1 x11 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(1<span class=\"ls4\">07.</span>050) </div></td></tr><tr><td class=\"c x77a y171a w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activos f<span class=\"_ _2\"></span>inancieros </div></td><td class=\"c x783 y171a w24b h39\"><div class=\"t_1 m0_1 x30 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">1.186 </div></td><td class=\"c x784 y171a w24c h39\"><div class=\"t_1 m0_1 x35 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">1.019 </div></td><td class=\"c x785 y171a w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y171a w24e h39\"><div class=\"t_1 m0_1 x32 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">2.205 </div></td></tr><tr><td></td><td class=\"c x783 y171b w24b h13\"><div class=\"t_1 m0_1 x30 h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">1.186<span class=\"ls0_1\"> </span></div></td><td class=\"c x784 y171b w24c h13\"><div class=\"t_1 m0_1 x35 h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">1.019<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y171b w24d h13\"><div class=\"t_1 m0_1 x37 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y171b w24e h13\"><div class=\"t_1 m0_1 x1a h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">2.205<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x77a y171c w249 h13\"><div class=\"t_1 m0_1 x10 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Flujos netos de efecti<span class=\"_ _2\"></span>vo de actividad<span class=\"_ _2\"></span>es de inversi\u00f3n </div></td><td class=\"c x783 y171c w24b h13\"><div class=\"t_1 m0_1 xe h10 y3a ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(1<span class=\"ls0_1\">10.689</span><span class=\"ls0_1\">) </span></div></td><td class=\"c x784 y171c w24c h13\"><div class=\"t_1 m0_1 x14 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls4\">38.147</span>) </div></td><td class=\"c x785 y171c w24d h13\"><div class=\"t_1 m0_1 x2e h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">43.991<span class=\"ls0_1\"> </span></div></td><td class=\"c x786 y171c w24e h13\"><div class=\"t_1 m0_1 x11 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(104.845) </div></td></tr><tr><td class=\"c x77a y171d w249 h75\"><div class=\"t_1 m0_1 x10 h10 yb44 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">FLUJOS DE EFECT<span class=\"_ _2\"></span>IVO DE LAS A<span class=\"_ _2\"></span>CTIVIDADES DE FINAN<span class=\"_ _2\"></span>CIACI\u00d3N: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x77a y171e w249 h36\"><div class=\"t_1 m0_1 x10 h10 y91 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros (pagos) por i<span class=\"_ _2\"></span>nstrumento<span class=\"_ _2\"></span>s de patrimonio<span class=\"_ _2\"></span>: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x77a y171f w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Transaccione<span class=\"_ _2\"></span>s con participac<span class=\"_ _2\"></span>iones no dominantes </span></div></td><td class=\"c x783 y171f w24b h36\"><div class=\"t_1 m0_1 xc7 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(245) </div></td><td class=\"c x784 y171f w24c h36\"><div class=\"t_1 m0_1 x12 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x785 y171f w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y171f w24e h36\"><div class=\"t_1 m0_1 x41 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(245) </div></td></tr><tr><td class=\"c x77a y1720 w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Adquisici<span class=\"_ _2\"></span>\u00f3n de instrumentos <span class=\"_ _2\"></span>de patrimonio pr<span class=\"_ _2\"></span>opio </span></div></td><td class=\"c x783 y1720 w24b h39\"><div class=\"t_1 m0_1 x19 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(27.736) </div></td><td class=\"c x784 y1720 w24c h39\"><div class=\"t_1 m0_1 x12 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x785 y1720 w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1720 w24e h39\"><div class=\"t_1 m0_1 x44 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(27.736) </div></td></tr><tr><td class=\"c x77a y1721 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Enajenaci\u00f3n de<span class=\"_ _2\"></span> instrumentos <span class=\"_ _2\"></span>de patrimonio propi<span class=\"_ _2\"></span>o </span></div></td><td class=\"c x783 y1721 w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">28.676 </div></td><td class=\"c x784 y1721 w24c h36\"><div class=\"t_1 m0_1 x12 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x785 y1721 w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1721 w24e h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">28.676 </div></td></tr><tr><td class=\"c x77a y1722 w249 h39\"><div class=\"t_1 m0_1 x10 h10 y5a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobros (pagos) por i<span class=\"_ _2\"></span>nstrumento<span class=\"_ _2\"></span>s de pasivo financier<span class=\"_ _2\"></span>o: </div></td><td class=\"c x783 y1723 w24b h13\"><div class=\"t_1 m0_1 xcb h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">695<span class=\"ls0_1\"> </span></div></td><td class=\"c x784 y1723 w24c h13\"><div class=\"t_1 m0_1 x12 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x785 y1723 w24d h13\"><div class=\"t_1 m0_1 x37 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1723 w24e h13\"><div class=\"t_1 m0_1 x45 h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">695<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x77a y1724 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">Partes vinc<span class=\"_ _2\"></span>uladas </span></div></td><td class=\"c x783 y1724 w24b h36\"><div class=\"t_1 m0_1 xcb hf y91 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">609<span class=\"ls0_1\"> </span></div></td><td class=\"c x784 y1724 w24c h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">67.531 </div></td><td class=\"c x785 y1724 w24d h36\"><div class=\"t_1 m0_1 xcb hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(43.993) </div></td><td class=\"c x786 y1724 w24e h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">24.147 </div></td></tr><tr><td class=\"c x77a y1725 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">Obligacione<span class=\"_ _2\"></span>s (neto de gast<span class=\"_ _2\"></span>os de formalizaci\u00f3n) </span></div></td><td class=\"c x783 y1725 w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">21.600 </div></td><td class=\"c x784 y1725 w24c h36\"><div class=\"t_1 m0_1 x2e hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(79.000) </div></td><td class=\"c x785 y1725 w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1725 w24e h36\"><div class=\"t_1 m0_1 x44 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(57.400) </div></td></tr><tr><td class=\"c x77a y1726 w249 h13f\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">Aumento (dismi<span class=\"_ _2\"></span>nuci\u00f3n) de<span class=\"_ _2\"></span>udas con entidades de<span class=\"_ _2\"></span> cr\u00e9dito, neto de gast<span class=\"_ _2\"></span>os de formalizaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span> </span></div></td><td class=\"c x783 y1726 w24b h13f\"><div class=\"t_1 m0_1 x19 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(82.316) </div></td><td class=\"c x784 y1726 w24c h13f\"><div class=\"t_1 m0_1 x2e hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">117.952 </div></td><td class=\"c x785 y1726 w24d h13f\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1726 w24e h13f\"><div class=\"t_1 m0_1 x57 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">35.636 </div></td></tr><tr><td class=\"c x77a y1727 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">Aumento (dismi<span class=\"_ _2\"></span>nuci\u00f3n) de<span class=\"_ _2\"></span> otras deudas  </span></div></td><td class=\"c x783 y1727 w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(2.176) </div></td><td class=\"c x784 y1727 w24c h36\"><div class=\"t_1 m0_1 x12 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x785 y1727 w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1727 w24e h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(2.176) </div></td></tr><tr><td class=\"c x77a y1728 w249 h36\"><div class=\"t_1 m0_1 x10 hf y91 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">Pagos por Dere<span class=\"_ _2\"></span>chos de uso<span class=\"_ _2\"></span> sobre activos </span></div></td><td class=\"c x783 y1728 w24b h36\"><div class=\"t_1 m0_1 x1f hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(7.171) </div></td><td class=\"c x784 y1728 w24c h36\"><div class=\"t_1 m0_1 x58 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(1.879) </div></td><td class=\"c x785 y1728 w24d h36\"><div class=\"t_1 m0_1 x37 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1728 w24e h36\"><div class=\"t_1 m0_1 x57 hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(9.050) </div></td></tr><tr><td class=\"c x77a y1729 w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">Subvencione<span class=\"_ _2\"></span>s recibidas net<span class=\"_ _2\"></span>as </span></div></td><td class=\"c x783 y1729 w24b h39\"><div class=\"t_1 m0_1 x2e hf y5a ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">39<span class=\"ls0_1\"> </span></div></td><td class=\"c x784 y1729 w24c h39\"><div class=\"t_1 m0_1 x35 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">4.362 </div></td><td class=\"c x785 y1729 w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1729 w24e h39\"><div class=\"t_1 m0_1 x32 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">4.401 </div></td></tr><tr><td class=\"c x77a y172a w249 h36\"><div class=\"t_1 m0_1 x10 h10 y91 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pagos por divid<span class=\"_ _2\"></span>endos y remuneraci<span class=\"_ _2\"></span>ones de otros i<span class=\"_ _2\"></span>nstrumentos d<span class=\"_ _2\"></span>e patrimonio:<span class=\"ff3\"> </span></div></td><td class=\"c x783 y172b w24b h13\"><div class=\"t_1 m0_1 x2b h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls4\">69.415</span>) </div></td><td class=\"c x784 y172b w24c h13\"><div class=\"t_1 m0_1 x2e h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">108.966<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y172b w24d h13\"><div class=\"t_1 m0_1 xcb h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(43.993) </div></td><td class=\"c x786 y172b w24e h13\"><div class=\"t_1 m0_1 x57 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls4\">4.442</span>) </div></td></tr><tr><td class=\"c x77a y172c w249 h39\"><div class=\"t_1 m0_1 xe hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Dividend<span class=\"_ _2\"></span>os pagados por acci<span class=\"_ _2\"></span>onistas ENCE </div></td><td class=\"c x783 y172c w24b h39\"><div class=\"t_1 m0_1 x19 h10 y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(33.972)<span class=\"ff2\"> </span></div></td><td class=\"c x784 y172c w24c h39\"><div class=\"t_1 m0_1 x12 h10 y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff2\"> </span></div></td><td class=\"c x785 y172c w24d h39\"><div class=\"t_1 m0_1 x37 h10 y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff2\"> </span></div></td><td class=\"c x786 y172c w24e h39\"><div class=\"t_1 m0_1 x44 h10 y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(33.972)<span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x77a y172d w249 h36\"><div class=\"t_1 m0_1 xe hf y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Dividend<span class=\"_ _2\"></span>os pagados a minor<span class=\"_ _2\"></span>itarios </div></td><td class=\"c x783 y172d w24b h36\"><div class=\"t_1 m0_1 x1d h10 y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff2\"> </span></div></td><td class=\"c x784 y172d w24c h36\"><div class=\"t_1 m0_1 x58 h10 y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(5.125)<span class=\"ff2\"> </span></div></td><td class=\"c x785 y172d w24d h36\"><div class=\"t_1 m0_1 x37 h10 y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff2\"> </span></div></td><td class=\"c x786 y172d w24e h36\"><div class=\"t_1 m0_1 x57 h10 y91 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(5.125)<span class=\"ff2\"> </span></div></td></tr><tr><td></td><td class=\"c x783 y172e w24b h13\"><div class=\"t_1 m0_1 x2b h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(33.972) </div></td><td class=\"c x784 y172e w24c h13\"><div class=\"t_1 m0_1 x58 h10 y3a ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(5.125)<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y172e w24d h13\"><div class=\"t_1 m0_1 x37 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y172e w24e h13\"><div class=\"t_1 m0_1 x2e h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(39.097) </div></td></tr><tr><td class=\"c x77a y172f w249 h75\"><div class=\"t_1 m0_1 x10 h10 yb44 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Flujos netos de efecti<span class=\"_ _2\"></span>vo de actividad<span class=\"_ _2\"></span>es de financiaci<span class=\"_ _2\"></span>\u00f3n </div></td><td class=\"c x783 y172f w24b h75\"><div class=\"t_1 m0_1 xe h10 yb44 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(102.692) </div></td><td class=\"c x784 y172f w24c h75\"><div class=\"t_1 m0_1 x2e h10 yb44 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">103.841<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y172f w24d h75\"><div class=\"t_1 m0_1 xcb h10 yb44 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(43.993) </div></td><td class=\"c x786 y172f w24e h75\"><div class=\"t_1 m0_1 x2e h10 yb44 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls4\">42.844</span>) </div></td></tr><tr><td class=\"c x77a y1730 w249 h13\"><div class=\"t_1 m0_1 x10 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">AUMENTO/DISMIN<span class=\"_ _2\"></span>UCI\u00d3N NETA DEL <span class=\"_ _2\"></span>EFECTIVO O EQ<span class=\"_ _2\"></span>UIVALENTES </div></td><td class=\"c x783 y1730 w24b h13\"><div class=\"t_1 m0_1 xe h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(126.645) </div></td><td class=\"c x784 y1730 w24c h13\"><div class=\"t_1 m0_1 x58 h10 y3a ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">57.555<span class=\"ls0_1\"> </span></div></td><td class=\"c x785 y1730 w24d h13\"><div class=\"t_1 m0_1 x37 h10 y3a ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1730 w24e h13\"><div class=\"t_1 m0_1 x2e h10 y3a ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(69.<span class=\"ls4\">090</span><span class=\"ls4\"><span class=\"ls0_1\">) </span></span></div></td></tr><tr><td class=\"c x77a y1731 w249 h13\"><div class=\"t_1 m0_1 x10 hf y3a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo<span class=\"_ _2\"></span> y equivalentes al co<span class=\"_ _2\"></span>mienzo del per<span class=\"_ _2\"></span>iodo </div></td><td class=\"c x783 y1731 w24b h13\"><div class=\"t_1 m0_1 x19 hf y3a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">311.227 </div></td><td class=\"c x784 y1731 w24c h13\"><div class=\"t_1 m0_1 x57 hf y3a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">21.805 </div></td><td class=\"c x785 y1731 w24d h13\"><div class=\"t_1 m0_1 x37 hf y3a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1731 w24e h13\"><div class=\"t_1 m0_1 x44 hf y3a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">333.032 </div></td></tr><tr><td class=\"c x77a y1732 w249 h39\"><div class=\"t_1 m0_1 x10 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo<span class=\"_ _2\"></span> y equivalentes al f<span class=\"_ _2\"></span>inal del periodo </div></td><td class=\"c x783 y1732 w24b h39\"><div class=\"t_1 m0_1 x19 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">184.582 </div></td><td class=\"c x784 y1732 w24c h39\"><div class=\"t_1 m0_1 x57 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">79.360 </div></td><td class=\"c x785 y1732 w24d h39\"><div class=\"t_1 m0_1 x37 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x786 y1732 w24e h39\"><div class=\"t_1 m0_1 x44 hf y5a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">263.942 </div></td></tr></table>Anex<span class=\"_ _d\"></span>o III - Marco regula<span class=\"_ _2\"></span>torio del sector energ<span class=\"_ _2\"></span>\u00e9tico<span class=\"ff3\"> </span>Este <span class=\"_ _13\"> </span>apartado <span class=\"_ _10\"> </span>recoge <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>as<span class=\"_ _3\"></span>pectos <span class=\"_ _13\"> </span>m\u00e1s <span class=\"_ _10\"> </span>rel<span class=\"_ _3\"></span>evantes <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>regulaci\u00f3n <span class=\"_ _13\"> </span>energ\u00e9tica <span class=\"_ _10\"> </span>vig<span class=\"_ _3\"></span>ente <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>Europa <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>Es<span class=\"_ _3\"></span>pa\u00f1a aplicable a la activid<span class=\"_ _3\"></span>ad del Grupo EN<span class=\"_ _3\"></span>CE. Uni\u00f3n Europea La <span class=\"_ _19\"> </span>pol\u00edtica <span class=\"_ _19\"> </span>energ\u00e9tica <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>la <span class=\"_ _15\"> </span>Uni\u00f3n <span class=\"_ _19\"> </span>Eu<span class=\"_ _3\"></span>ropea <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>b<span class=\"_ _3\"></span>asa <span class=\"_ _19\"> </span>en <span class=\"_ _16\"> </span>cu<span class=\"_ _3\"></span>atro <span class=\"_ _19\"> </span>pilares <span class=\"_ _19\"> </span>fundamentales: <span class=\"_ _17\"> </span><span class=\"ff2\">descarb<span class=\"_ _3\"></span>onizaci\u00f3n, </span>competitividad,  seguridad <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>suministro  y<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>sostenibilidad<span class=\"_ _f\"></span><span class=\"ff3\">. <span class=\"_ _13\"> </span>Su <span class=\"_ _13\"> </span>objetivo <span class=\"_ _13\"> </span>principal  es <span class=\"_ _13\"> </span>garantizar <span class=\"_ _13\"> </span>un <span class=\"_ _13\"> </span>mercado </span>energ\u00e9tico  eficiente <span class=\"_ _16\"> </span>y  s<span class=\"_ _3\"></span>eguro, <span class=\"_ _16\"> </span>promoviendo <span class=\"_ _16\"> </span>la  eficiencia, <span class=\"_ _16\"> </span>el  ahorro <span class=\"_ _16\"> </span>energ\u00e9tico  y <span class=\"_ _16\"> </span>el  desarro<span class=\"_ _3\"></span>llo  de <span class=\"_ _16\"> </span>fuentes renovables, ad<span class=\"_ _3\"></span>em\u00e1s de fomentar la intercon<span class=\"_ _3\"></span>exi\u00f3n de redes energ\u00e9t<span class=\"_ _3\"></span>icas.<span class=\"_ _3\"></span> El <span class=\"_ _19\"> </span>marco <span class=\"_ _19\"> </span>normativo<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>UE <span class=\"_ _19\"> </span>en <span class=\"_ _15\"> </span>materia <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>energ\u00eda <span class=\"_ _15\"> </span>tiene <span class=\"_ _19\"> </span>su <span class=\"_ _15\"> </span>base <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el <span class=\"_ _17\"> </span><span class=\"ff2\">art\u00edculo <span class=\"_ _19\"> </span>194 <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _19\"> </span>Tratado <span class=\"_ _19\"> </span>de<span class=\"_ _3\"></span> </span>Funcionamiento <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _10\"></span>Uni\u00f3n <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>uropea <span class=\"_ _13\"> </span>(TFUE)<span class=\"ff3\">, <span class=\"_ _13\"> </span>complementado <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>disposiciones <span class=\"_ _10\"> </span>clave <span class=\"_ _13\"> </span>sobre <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>eguridad <span class=\"_ _13\"> </span>del </span>suministro (art. 122), <span class=\"_ _3\"></span>redes energ\u00e9ticas (arts. 170<span class=\"_ _3\"></span>-172) y me<span class=\"_ _3\"></span>rcados energ\u00e9ticos internos<span class=\"_ _3\"></span> y exteriores.<span class=\"_ _3\"></span> Desde la creaci\u00f3n de la <span class=\"_ _3\"></span><span class=\"ff2\">Uni\u00f3n de la E<span class=\"_ _3\"></span>nerg\u00eda en 2015</span>, s<span class=\"_ _3\"></span>e han establecido cinco p<span class=\"_ _3\"></span>rioridades estrat\u00e9gicas:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Diversificaci\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _15\"> </span>fuente<span class=\"_ _3\"></span>s <span class=\"_ _15\"> </span>y <span class=\"_ _15\"> </span>seguridad <span class=\"_ _17\"> </span>del <span class=\"_ _15\"> </span>sum<span class=\"_ _3\"></span>inistro<span class=\"_ _3\"></span><span class=\"ff3\">, <span class=\"_ _15\"> </span>median<span class=\"_ _3\"></span>te <span class=\"_ _15\"> </span>la <span class=\"_ _17\"> </span>cooperaci\u00f3n <span class=\"_ _15\"> </span>entre <span class=\"_ _17\"> </span>Estados </span></span></span>miembros. \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Integraci\u00f3n del me<span class=\"_ _3\"></span>rcado energ\u00e9tico<span class=\"_ _3\"></span><span class=\"ff3\">, eliminando b<span class=\"_ _3\"></span>arreras t\u00e9cnicas y regulat<span class=\"_ _3\"></span>orias. </span></span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Eficiencia  ener<span class=\"_ _3\"></span>g\u00e9tica<span class=\"ff3\">, <span class=\"_ _16\"> </span>reduciend<span class=\"_ _3\"></span>o  la <span class=\"_ _16\"> </span>dependencia  d<span class=\"_ _3\"></span>e  i<span class=\"_ _3\"></span>mportacion<span class=\"_ _3\"></span>es  y <span class=\"_ _16\"> </span>fomentando <span class=\"_ _16\"> </span>el  crecimi<span class=\"_ _3\"></span>ento </span></span></span>econ\u00f3mico. \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Descarbonizaci\u00f3n de<span class=\"_ _3\"></span> la econom\u00eda<span class=\"ff3\">, en<span class=\"_ _3\"></span> l\u00ednea con el Acuerdo <span class=\"_ _3\"></span>de Par\u00eds. </span></span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Innovaci\u00f3n en en<span class=\"_ _3\"></span>erg\u00edas limpias<span class=\"ff3\">, imp<span class=\"_ _3\"></span>ulsando tecnolog\u00edas<span class=\"_ _3\"></span> bajas en carbon<span class=\"_ _3\"></span>o. </span></span></span>El <span class=\"_ _2\"></span>marco <span class=\"_ _d\"></span>normativo<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>actual <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>sustenta e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span><span class=\"ff2\">E<span class=\"_ _3\"></span>strategia <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>Uni\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>Energ\u00eda<span class=\"ff3\"> <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>paquete <span class=\"_ _d\"></span>regulatorio <span class=\"ff2\">Objetivo </span></span></span>55<span class=\"ff3 ls0_1\">, posteriormente reforzado con el <span class=\"_ _2\"></span>plan <span class=\"ff2\">REPowerE<span class=\"_ _3\"></span>U</span> para a<span class=\"_ _2\"></span>celerar la independencia de <span class=\"_ _2\"></span>los combustibles f\u00f3siles </span>rusos. Entre los<span class=\"_ _3\"></span> objetivos principales para <span class=\"_ _3\"></span>2030 destacan:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">42,5% de energ\u00edas ren<span class=\"_ _3\"></span>ovables en el co<span class=\"_ _3\"></span>nsumo energ\u00e9tico<span class=\"_ _3\"></span><span class=\"ff3\">, con u<span class=\"_ _3\"></span>na meta aspiracional <span class=\"_ _3\"></span>del 45%. </span></span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Reducci\u00f3n d<span class=\"_ _3\"></span>el consumo de energ\u00eda en un 11,7%<span class=\"_ _3\"></span><span class=\"ff3\"> resp<span class=\"_ _3\"></span>ecto a las previs<span class=\"_ _3\"></span>iones de 2020. </span></span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Interconexi\u00f3n e<span class=\"_ _3\"></span>l\u00e9ctrica m\u00ednima del 15%<span class=\"_ _3\"></span><span class=\"ff3\"> entre los Es<span class=\"_ _3\"></span>tados miembros. </span></span></span>El <span class=\"_ _2\"></span>marco <span class=\"_ _2\"></span>regulador abarca <span class=\"_ _2\"></span>aspectos clave <span class=\"_ _d\"></span>co<span class=\"_ _3\"></span>mo <span class=\"_ _2\"></span>energ\u00edas re<span class=\"_ _2\"></span>nov<span class=\"_ _3\"></span>ables <span class=\"_ _2\"></span>(<span class=\"_ _3\"></span><span class=\"ff2\">Directiva <span class=\"_ _2\"></span>2018/2001<span class=\"_ _3\"></span><span class=\"ff3\">), <span class=\"_ _2\"></span>eficiencia <span class=\"_ _2\"></span>energ\u00e9tica<span class=\"_ _3\"></span> </span></span>(<span class=\"ff2\">Directiva <span class=\"_ _1b\"> </span>2023/1791<span class=\"_ _3\"></span></span>), <span class=\"_ _1b\"> </span>gobernanza<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>del <span class=\"_ _1b\"> </span>mercado <span class=\"_ _1b\"> </span>energ\u00e9tico <span class=\"_ _1b\"> </span>(<span class=\"_ _3\"></span><span class=\"ff2\">Reglamento <span class=\"_ _1b\"> </span>2018/<span class=\"_ _3\"></span>1999</span>), <span class=\"_ _1b\"> </span>infra<span class=\"_ _3\"></span>estructuras estrat\u00e9gicas (<span class=\"ff2\">Reglame<span class=\"_ _3\"></span>nto 2022/869</span>) y medidas<span class=\"_ _3\"></span> espec\u00edficas par<span class=\"_ _3\"></span>a gas, hidr\u00f3geno,<span class=\"_ _3\"></span> electricidad y biocombus<span class=\"_ _3\"></span>tibles.<span class=\"_ _3\"></span> Un <span class=\"_ _10\"></span>mercado <span class=\"_ _0\"></span>energ\u00e9tico <span class=\"_ _10\"> </span>eficiente <span class=\"_ _10\"> </span>es <span class=\"_ _10\"></span>esencial <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span><span class=\"ff2\">garantizar <span class=\"_ _10\"></span>precios <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>ompetitivos</span>, <span class=\"_ _10\"></span>fomentar <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>en<span class=\"_ _2\"></span> energ\u00edas limpias y reforzar la <span class=\"_ _2\"></span>seguridad del suministro. La evoluci\u00f3n de <span class=\"_ _2\"></span>la regulaci\u00f3n ha permitido <span class=\"_ _2\"></span>avanzar desd<span class=\"_ _3\"></span>e la <span class=\"_ _0\"></span>liberalizaci\u00f3n <span class=\"_ _10\"></span>inicial <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>sector <span class=\"_ _10\"></span>hacia <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>modelo <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _0\"></span>resiliente, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>\u00e9nfasis <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>reducci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>a de<span class=\"ls0_1\">scarbonizaci\u00f3n. </span>137<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, S.A. y sociedades <span class=\"_ _3\"></span>dependientes<span class=\"_ _3\"></span> - Cuentas anuales consolida<span class=\"_ _3\"></span>das del ejercicio 2025<span class=\"_ _3\"></span> Eficiencia Energ\u00e9tica y En<span class=\"_ _3\"></span>erg\u00edas Renovables<span class=\"_ _3\"></span> La <span class=\"_ _f\"></span>eficiencia <span class=\"_ _f\"></span>energ\u00e9tica <span class=\"_ _f\"></span>es <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>prioridades <span class=\"_ _f\"></span>clave <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>UE,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>objetivo <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span><span class=\"ff2\">reducir <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>sumo <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>un </span>11,7% <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>2030<span class=\"ff3\">. <span class=\"_ _10\"> </span>La  normativa <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>igente <span class=\"_ _13\"> </span>prioriza <span class=\"_ _13\"> </span>la<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>integraci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>solu<span class=\"_ _3\"></span>ciones <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>eficiencia <span class=\"_ _13\"> </span>energ\u00e9tica <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>la </span>planificaci\u00f3n e inversi\u00f3n<span class=\"_ _3\"></span>. En <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>energ\u00edas <span class=\"_ _3\"></span>reno<span class=\"_ _3\"></span>vables, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>nueva <span class=\"_ _3\"></span>Directiva <span class=\"_ _3\"></span>Europea <span class=\"_ _3\"></span>estab<span class=\"_ _3\"></span>lece q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>menos <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span><span class=\"ff2\">42,5% <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>consum<span class=\"_ _3\"></span>o </span>energ\u00e9tico<span class=\"ff3\"> <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>2030 <span class=\"_ _16\"> </span>d<span class=\"_ _3\"></span>ebe <span class=\"_ _16\"> </span>provenir <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>fuentes<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>renovab<span class=\"_ _3\"></span>les. <span class=\"_ _16\"> </span>Para <span class=\"_ _19\"> </span>facilitar <span class=\"_ _19\"> </span>la <span class=\"_ _16\"> </span>tra<span class=\"_ _3\"></span>nsici\u00f3n <span class=\"_ _16\"> </span>energ\u00e9tica, <span class=\"_ _19\"> </span>se <span class=\"_ _19\"> </span>han </span>implementado incentivos<span class=\"_ _3\"></span> nacionales y mecanis<span class=\"_ _3\"></span>mos de financiaci\u00f3n comun<span class=\"_ _3\"></span>itaria.<span class=\"_ _3\"></span> Hacia un Modelo E<span class=\"_ _3\"></span>nerg\u00e9tico M\u00e1s Sostenible<span class=\"_ _3\"></span> La pol\u00edtica energ\u00e9tica d<span class=\"_ _3\"></span>e la UE avan<span class=\"_ _3\"></span>za hacia un mod<span class=\"_ _3\"></span>elo m\u00e1s seguro, s<span class=\"_ _3\"></span>ostenible y competiti<span class=\"_ _3\"></span>vo, adapt\u00e1ndos<span class=\"_ _3\"></span>e a los desaf\u00edos <span class=\"_ _13\"> </span>geopol\u00edticos <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>clim\u00e1ticos. <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>l <span class=\"_ _13\"> </span>marco <span class=\"_ _10\"> </span>regulatorio  a<span class=\"_ _2\"></span>ctual <span class=\"_ _13\"> </span>refuerza <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span><span class=\"ff2\">resiliencia <span class=\"_ _13\"> </span>energ\u00e9tica</span>,<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>impulsa <span class=\"_ _13\"> </span>l<span class=\"_ _2\"></span>a inversi\u00f3n en <span class=\"_ _d\"></span>renovab<span class=\"_ _3\"></span>les <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>promueve <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>independencia energ\u00e9tica <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _2\"></span>continente, con <span class=\"_ _d\"></span>el objetivo <span class=\"_ _2\"></span>final <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>alcanzar la <span class=\"ff2\">neutralidad c<span class=\"_ _3\"></span>lim\u00e1tica en 2050</span>.<span class=\"_ _3\"></span> Principales Publicaciones y C<span class=\"_ _3\"></span>omunicaciones d<span class=\"_ _3\"></span>e la Uni\u00f3n Europea en 202<span class=\"_ _f\"></span>5 Tal <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>anunci\u00f3 <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>legislatura <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Bruselas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>entr<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>primeros <span class=\"_ _3\"></span>pasos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Res<span class=\"_ _3\"></span>oluci\u00f3n de <span class=\"_ _13\"> </span>9 <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>enero <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>2025, <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la  Comisi\u00f3n <span class=\"_ _13\"> </span>nueva <span class=\"_ _13\"> </span>Comisi\u00f3n,  destacan, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Pa<span class=\"_ _3\"></span>cto <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>una <span class=\"_ _13\"> </span>Industria <span class=\"_ _13\"> </span>Limpia <span class=\"_ _13\"> </span>que finalmente s<span class=\"_ _3\"></span>e present\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>febrero de <span class=\"_ _3\"></span>2025 con<span class=\"_ _3\"></span>ju<span class=\"_ _3\"></span>ntamente <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el Plan <span class=\"_ _3\"></span>de Acci\u00f3n<span class=\"_ _3\"></span> sobre <span class=\"_ _3\"></span>precios <span class=\"_ _3\"></span>asequibles <span class=\"_ _3\"></span>de la energ\u00eda. <span class=\"_ _16\"> </span>Adem\u00e1s, <span class=\"_ _19\"> </span>recientemente <span class=\"_ _19\"> </span>se <span class=\"_ _16\"> </span>ha <span class=\"_ _19\"> </span>aprobado <span class=\"_ _19\"> </span>el <span class=\"_ _16\"> </span>Reglamento<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>E<span class=\"_ _3\"></span>jecuci\u00f3n <span class=\"_ _16\"> </span>2025<span class=\"_ _3\"></span>/1176, <span class=\"_ _16\"> </span>por <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _16\"> </span>se<span class=\"_ _3\"></span> especifican los criterios<span class=\"_ _3\"></span> de preclasificaci\u00f3n y<span class=\"_ _3\"></span> adjudicaci\u00f3n en la<span class=\"_ _3\"></span>s subastas p<span class=\"_ _3\"></span>ara la implantaci\u00f3<span class=\"_ _3\"></span>n d<span class=\"_ _3\"></span>e renovables. Pacto por una ind<span class=\"_ _3\"></span>ustria limpia: Describe <span class=\"_ _f\"></span>medidas<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>concretas <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>convertir <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>descarbonizaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>un <span class=\"_ _f\"></span>motor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>competitividad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>crecimiento para <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>industrias <span class=\"_ _10\"></span>europeas. <span class=\"_ _0\"></span>Las<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>medidas <span class=\"_ _10\"></span>incluyen <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>reducci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>precios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>energ\u00eda, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>impulso <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>la demanda <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>productos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>limpios<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>financiaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>transici\u00f3n <span class=\"_ _3\"></span>limpia, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>fomento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>circularidad <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>acces<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> materiales estrat\u00e9gicos, y<span class=\"_ _3\"></span> el fomento de la inn<span class=\"_ _3\"></span>ovaci\u00f3n y cualificaci\u00f3n de la man<span class=\"_ _3\"></span>o de obra<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> Acciones para abar<span class=\"_ _3\"></span>atar la energ\u00eda:<span class=\"_ _3\"></span> En cu<span class=\"_ _3\"></span>anto a <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>acciones p<span class=\"_ _3\"></span>ara abarat<span class=\"_ _3\"></span>ar la <span class=\"_ _3\"></span>energ\u00eda, la <span class=\"_ _3\"></span>Comisi\u00f3n<span class=\"_ _3\"></span> propon<span class=\"_ _3\"></span>dr\u00e1 medidas<span class=\"_ _3\"></span> para: <span class=\"_ _3\"></span>\u2219 acelerar <span class=\"_ _3\"></span>el d<span class=\"_ _3\"></span>espliegue de <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>energ\u00eda  limpia <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>trav\u00e9s <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>PPA,  p<span class=\"_ _3\"></span>romoviendo <span class=\"_ _16\"> </span>la  electrificaci\u00f3n <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>industria, <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>desarrollando <span class=\"_ _16\"> </span>las infraestructuras <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>red <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>facilitar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>conexi\u00f3n<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>generaci\u00f3n <span class=\"_ _3\"></span>limpia, <span class=\"_ _3\"></span>electrificaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>demanda <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>centros<span class=\"_ _3\"></span> de datos; <span class=\"_ _2\"></span>\u2219 completar <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>mercado interior <span class=\"_ _2\"></span>de la <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _2\"></span>con interconexiones f\u00edsicas; <span class=\"_ _2\"></span>\u2219 <span class=\"_ _2\"></span>utilizar la <span class=\"_ _2\"></span>energ\u00eda de <span class=\"_ _2\"></span>manera m\u00e1s eficiente y reducir la d<span class=\"_ _3\"></span>ependencia de los<span class=\"_ _3\"></span> combustibles f\u00f3s<span class=\"_ _3\"></span>iles impo<span class=\"_ _3\"></span>rtados.  Adem\u00e1s, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>encuentra <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>discusi\u00f3n <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _f\"></span>propuesta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>revisi\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>marco <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ayudas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>estado <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>facilitar <span class=\"_ _f\"></span>el apoyo a to<span class=\"_ _3\"></span>das estas acciones<span class=\"_ _3\"></span> Reglamento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Ejecuc<span class=\"_ _3\"></span>i\u00f3n 20<span class=\"_ _3\"></span>25/1176, <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>espec<span class=\"_ _3\"></span>ifican <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>criterios <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>preclas<span class=\"_ _3\"></span>ificaci\u00f3n <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>adjudicaci\u00f3n en las subastas para la imp<span class=\"_ _3\"></span>lantaci\u00f3n de r<span class=\"_ _3\"></span>enovables: Desarrolla <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>art.26 <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Reglamento <span class=\"_ _3\"></span>2024/1735, <span class=\"_ _f\"></span>concretando <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>exigencia <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>menos <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>30% <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>volumen subastado <span class=\"_ _0\"></span>anualmente <span class=\"_ _0\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>miembro, <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _f\"></span>m\u00ednimo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>6GW, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>judique <span class=\"_ _0\"></span>por <span class=\"_ _f\"></span>mecan<span class=\"_ _3\"></span>ismos <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e integren criterios <span class=\"_ _2\"></span>no relacionados con el <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>recio. Se plantean tanto <span class=\"_ _2\"></span>criterios obligatorios de <span class=\"_ _2\"></span>preclasificaci\u00f3n como posibles criterios d<span class=\"_ _3\"></span>e adjudicaci\u00f3n. 138<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, S.A. y sociedades <span class=\"_ _3\"></span>dependientes<span class=\"_ _3\"></span> - Cuentas anuales consolida<span class=\"_ _3\"></span>das del ejercicio 2025<span class=\"_ _3\"></span> Entre  los<span class=\"_ _3\"></span>  criterios <span class=\"_ _16\"> </span>obligatorios <span class=\"_ _16\"> </span>de  preclasificaci\u00f3n <span class=\"_ _16\"> </span>podemos  encontra<span class=\"_ _3\"></span>r;  Conducta<span class=\"_ _3\"></span>  empresarial  resp<span class=\"_ _3\"></span>onsable, ciberseguridad y s<span class=\"_ _3\"></span>eguridad de datos<span class=\"_ _3\"></span> o capacidad para <span class=\"_ _3\"></span>ejecutar el proyecto completament<span class=\"_ _3\"></span>e y en plazo<span class=\"_ _f\"></span>. Los <span class=\"_ _10\"></span>criterios <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>adju<span class=\"_ _3\"></span>dicaci\u00f3n <span class=\"_ _10\"></span>podr\u00e1n <span class=\"_ _10\"></span>estar <span class=\"_ _10\"></span>relacionados <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>contribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>resiliencia <span class=\"_ _10\"> </span>(requisitos <span class=\"_ _10\"> </span>seg\u00fan tecnolog\u00eda <span class=\"_ _0\"></span>concreta), <span class=\"_ _10\"></span>contribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>sos<span class=\"_ _3\"></span>tenibilidad: <span class=\"_ _0\"></span>huella <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>carb<span class=\"_ _3\"></span>ono, <span class=\"_ _0\"></span>econ\u00f3mica <span class=\"_ _10\"></span>circular <span class=\"_ _f\"></span>o <span class=\"_ _10\"></span>impacto <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>la biodiversidad<span class=\"_ _3\"></span>, innovaci\u00f3n o integra<span class=\"_ _3\"></span>ci\u00f3n del sistema el\u00e9ctric<span class=\"_ _3\"></span>o. Innovaci\u00f3n y financiaci\u00f3n par<span class=\"_ _3\"></span>a energ\u00edas limpias<span class=\"_ _3\"></span><span class=\"ff3\"> </span>La UE contin\u00faa <span class=\"_ _3\"></span>reforzando instrumentos d<span class=\"_ _3\"></span>e financiaci\u00f3n como el <span class=\"_ _3\"></span><span class=\"ff2\">Innovation Fu<span class=\"_ _3\"></span>nd</span>, con<span class=\"_ _3\"></span> nuevas subastas p<span class=\"_ _3\"></span>ara apoyar tecnolog\u00edas<span class=\"_ _3\"></span> de bajo carbono <span class=\"_ _3\"></span><span class=\"ff6\">\u2014</span>incluyendo<span class=\"_ _3\"></span> producci\u00f3n de hidr\u00f3geno y<span class=\"_ _3\"></span> procesos indus<span class=\"_ _3\"></span>triales eficientes<span class=\"_ _3\"></span><span class=\"ff6\">\u2014</span> y movilizar inversi\u00f3n<span class=\"_ _3\"></span> en sectores estrat\u00e9gicos. Climate Acti<span class=\"_ _3\"></span>on<span class=\"_ _3\"></span>. Modernizaci\u00f3n d<span class=\"_ _3\"></span>e infraestructuras ener<span class=\"_ _3\"></span>g\u00e9ticas<span class=\"ff3\"> </span>La Comisi\u00f3n ha p<span class=\"_ _3\"></span>ropuesto iniciativas p<span class=\"_ _3\"></span>ara <span class=\"ff2\">mod<span class=\"_ _3\"></span>ernizar y expandir las rede<span class=\"_ _3\"></span>s energ\u00e9ticas<span class=\"_ _3\"></span></span> de la UE con el fin d<span class=\"_ _3\"></span>e facilitar la integraci\u00f3n de r<span class=\"_ _3\"></span>enovables, mejorar la s<span class=\"_ _3\"></span>eguridad del suministro y<span class=\"_ _3\"></span> reducir costes de energ\u00eda a largo plazo. Espa\u00f1a Reforma estr<span class=\"_ _3\"></span>uctural del sistema el\u00e9ctrico (2013<span class=\"_ _3\"></span><span class=\"ff7\">\u2013</span>2014)<span class=\"_ _3\"></span><span class=\"ff3\"> </span>En fecha 12 de <span class=\"_ _2\"></span>julio de 2013<span class=\"_ _2\"></span>, se <span class=\"_ _2\"></span>public\u00f3 el <span class=\"ff2\">Real Decreto-ley 9/2013</span> <span class=\"_ _2\"></span>que supuso una reforma profunda del marco regulatorio <span class=\"_ _3\"></span>el\u00e9ctrico <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>objetivo d<span class=\"_ _3\"></span>e garan<span class=\"_ _3\"></span>tizar la <span class=\"_ _3\"></span>sostenibilidad <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>sistema. <span class=\"_ _3\"></span>Esta <span class=\"_ _3\"></span>norma derog\u00f3 <span class=\"_ _3\"></span>el r\u00e9gimen <span class=\"_ _19\"> </span>primado <span class=\"_ _19\"> </span>an<span class=\"_ _3\"></span>terior <span class=\"_ _19\"> </span>(RD <span class=\"_ _19\"> </span>661/2007 <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>RD <span class=\"_ _15\"> </span>1578/2008) <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>introdujo<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span><span class=\"ff2\">nuevo <span class=\"_ _16\"> </span>m<span class=\"_ _3\"></span>odelo <span class=\"_ _19\"> </span>basado <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>la </span>rentabilidad razon<span class=\"_ _3\"></span>able<span class=\"ff3\">, aplicable con efectos<span class=\"_ _3\"></span> retroactivos desde el 14 de julio <span class=\"_ _3\"></span>de 2013.<span class=\"_ _3\"></span> </span>Este <span class=\"_ _3\"></span>marco <span class=\"_ _3\"></span>normativo <span class=\"_ _3\"></span>estableci\u00f3 <span class=\"_ _3\"></span>que, <span class=\"_ _3\"></span>adem\u00e1s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la retribuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la venta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>energ\u00eda generada <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>recio de mercado, las insta<span class=\"_ _3\"></span>laciones pueden percibir una <span class=\"_ _3\"></span>retribuci\u00f3n espec\u00edfica compues<span class=\"_ _3\"></span>ta por dos conceptos<span class=\"_ _3\"></span>:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Retribuci\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>inversi\u00f3n<span class=\"_ _3\"></span><span class=\"ff3\">, calculada <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cubrir <span class=\"_ _3\"></span>los cos<span class=\"_ _3\"></span>tes de <span class=\"_ _3\"></span>inversi\u00f3n<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>instalaci\u00f3n tipo<span class=\"_ _3\"></span> q<span class=\"_ _3\"></span>ue n<span class=\"_ _3\"></span>o </span></span></span>puedan ser recuperad<span class=\"_ _3\"></span>os a trav\u00e9s de la v<span class=\"_ _3\"></span>enta de energ\u00eda.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2\">Retribuci\u00f3n a <span class=\"_ _d\"></span>la operaci\u00f3n<span class=\"ff3\">, destinada <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cubrir <span class=\"_ _2\"></span>los costes <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>explotaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>una e<span class=\"_ _2\"></span>mpresa eficiente <span class=\"_ _d\"></span>y bien </span></span></span>gestionada, <span class=\"_ _10\"> </span>calculada <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>diferencia <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>explotaci\u00f3n <span class=\"_ _10\"></span>reconocidos <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ingresos obtenidos p<span class=\"_ _3\"></span>or la participaci\u00f3n en el mercado.<span class=\"_ _3\"></span> Para <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>esta <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>espec\u00edfica,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>ideran, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>lo <span class=\"_ _f\"></span>largo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>vid<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>\u00fatil <span class=\"_ _3\"></span>regulatoria <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>una instalaci\u00f3n  tipo,  los  costes  est\u00e1ndar  de  e<span class=\"_ _2\"></span>xplotaci\u00f3n  y  el  valor  e<span class=\"_ _2\"></span>st\u00e1ndar  de  la  inversi\u00f3n  inicial <span class=\"_ _13\"> </span>(Valor  Neto Actualizado <span class=\"ff6\">\u2013</span> <span class=\"_ _d\"></span>VNA). Con <span class=\"_ _2\"></span>estos par\u00e1metros, <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>sistema <span class=\"_ _2\"></span>pretend<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>garantizar <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>las instalaciones <span class=\"_ _2\"></span>puedan competir en <span class=\"_ _2\"></span>igualdad de <span class=\"_ _d\"></span>condicion<span class=\"_ _3\"></span>es con <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>resto<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>tecnolog\u00edas presentes <span class=\"_ _2\"></span>en e<span class=\"_ _2\"></span>l mercado, <span class=\"_ _d\"></span>as<span class=\"_ _3\"></span>egurando una <span class=\"_ _2\"></span>rentabilidad razonable. La <span class=\"_ _13\"> </span>rentabilidad  razonable <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>instalaciones <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>define <span class=\"_ _13\"> </span>tomando <span class=\"_ _13\"> </span>como <span class=\"_ _13\"> </span>referencia, <span class=\"_ _13\"> </span>antes  de <span class=\"_ _10\"> </span>impu<span class=\"_ _3\"></span>estos,  el rendimiento <span class=\"_ _2\"></span>medio e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>mercado secundario <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>Obligaciones <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Estado a <span class=\"_ _d\"></span>diez a\u00f1os, <span class=\"_ _d\"></span>aplicand<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>diferencial adecuado. <span class=\"_ _13\"> </span>La <span class=\"_ _10\"></span>disposici\u00f3n <span class=\"_ _10\"> </span>adicional <span class=\"_ _13\"> </span>primera <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Real <span class=\"_ _13\"> </span>Decreto-ley <span class=\"_ _10\"> </span>9/<span class=\"_ _3\"></span>2013 <span class=\"_ _10\"> </span>estableci\u00f3 <span class=\"_ _13\"> </span>dicho <span class=\"_ _10\"> </span>diferencial <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>3<span class=\"_ _3\"></span>00 puntos b\u00e1sicos <span class=\"_ _2\"></span>para <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>instalaciones <span class=\"_ _2\"></span>acogidas al <span class=\"_ _d\"></span>r\u00e9gimen econ\u00f3mico <span class=\"_ _2\"></span>primado, con <span class=\"_ _d\"></span>la posibilidad de <span class=\"_ _d\"></span>revisi\u00f3n cada seis a\u00f1os. Posteriormente, <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>10 de <span class=\"_ _d\"></span>junio de <span class=\"_ _d\"></span>2014, <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>public\u00f3 <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span><span class=\"ff2\">Real <span class=\"_ _2\"></span>Decreto 413/2014<span class=\"ff3\">, <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>regula <span class=\"_ _d\"></span>la producci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>energ\u00eda </span></span>el\u00e9ctrica <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>partir <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>fuentes <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>enovables, <span class=\"_ _f\"></span>cogeneraci\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>residuos. <span class=\"_ _f\"></span>Este <span class=\"_ _f\"></span>Real <span class=\"_ _f\"></span>Decre<span class=\"_ _2\"></span>to <span class=\"_ _f\"></span>estableci\u00f3 <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>metodolog\u00eda 139<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, S.A. y sociedades <span class=\"_ _3\"></span>dependientes<span class=\"_ _3\"></span> - Cuentas anuales consolida<span class=\"_ _3\"></span>das del ejercicio 2025<span class=\"_ _3\"></span> del r\u00e9gimen retributivo espec\u00edfico aplicable a aquellas instalaciones que no <span class=\"_ _2\"></span>alcanzaran el nivel <span class=\"_ _2\"></span>m\u00ednimo necesario para <span class=\"_ _10\"></span>cubrir <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>les <span class=\"_ _10\"></span>permitieran <span class=\"_ _0\"></span>competir <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>igualdad <span class=\"_ _10\"></span>con <span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>tras <span class=\"_ _0\"></span>tecnolog\u00edas<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>esarrollo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>este marco, <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>20 <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>junio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>2014 <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>public\u00f3 <span class=\"_ _10\"> </span><span class=\"ff2\">la <span class=\"_ _10\"> </span>Ord<span class=\"_ _3\"></span>en <span class=\"_ _10\"> </span>IET/1045/2014</span>, <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>recoge <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>ar\u00e1metros <span class=\"_ _10\"> </span>retributiv<span class=\"_ _3\"></span>os definitivos aplicables<span class=\"_ _3\"></span> a todas las ins<span class=\"_ _3\"></span>talaciones renovables, tanto exis<span class=\"_ _3\"></span>tentes como futuras.<span class=\"_ _f\"></span> El <span class=\"_ _0\"></span>nuevo <span class=\"_ _0\"></span>sistema <span class=\"_ _0\"></span>retributivo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>es<span class=\"_ _3\"></span>tablec<span class=\"ls22\">i\u00f3</span> <span class=\"_ _0\"></span>per\u00edodos <span class=\"_ _0\"></span>regulatorios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>seis <span class=\"_ _0\"></span>a\u00f1os, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>subper\u00edodos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>tres <span class=\"_ _0\"></span>a\u00f1os<span class=\"_ _f\"></span> <span class=\"_ _f\"></span>con revisiones peri\u00f3dicas<span class=\"_ _3\"></span> de precios d<span class=\"_ _3\"></span>e mercado, par\u00e1metros operativo<span class=\"_ _3\"></span>s y ajustes p<span class=\"_ _3\"></span>or desviaciones.<span class=\"_ _3\"></span> El sistema retributiv<span class=\"_ _3\"></span>o se fundamenta en la<span class=\"_ _3\"></span> obtenci\u00f3n de un<span class=\"_ _3\"></span>a rentabilidad raz<span class=\"_ _3\"></span>onable sobre las invers<span class=\"_ _3\"></span>iones. Dicha rentabilidad <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>define <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>media <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>rendimie<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>Obligaciones <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Estado <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>diez <span class=\"_ _f\"></span>a\u00f1os <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el mercado <span class=\"_ _f\"></span>secundario, <span class=\"_ _f\"></span>calculada <span class=\"_ _f\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>24 <span class=\"_ _3\"></span>meses <span class=\"_ _f\"></span>anterior<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>mes <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>mayo <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>a\u00f1o <span class=\"_ _f\"></span>previo <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>icio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cada<span class=\"_ _3\"></span> per\u00edodo <span class=\"_ _10\"> </span>regulatorio, <span class=\"_ _10\"> </span>incremen<span class=\"_ _3\"></span>tada <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>diferencial. <span class=\"_ _10\"> </span>Para <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>primer <span class=\"_ _10\"></span>per\u00edodo <span class=\"_ _10\"> </span>regulatorio, <span class=\"_ _10\"> </span>finalizad<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de diciembre <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>2019, <span class=\"_ _10\"></span>este <span class=\"_ _0\"></span>diferencial <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>estableci\u00f3 <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>300 <span class=\"_ _0\"></span>puntos <span class=\"_ _10\"></span>b\u00e1sicos,<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>lo<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _0\"></span>supuso <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>rentabilidad <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el 7,398% antes de impu<span class=\"_ _3\"></span>estos. En <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>respecta <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>retribuci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>operaci\u00f3n <span class=\"_ _f\"></span>(Ro), <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>conformidad <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>estab<span class=\"_ _3\"></span>lecido <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Real <span class=\"_ _10\"> </span><span class=\"ff2\">Decreto<span class=\"_ _3\"></span> </span>413/2014<span class=\"ff3\">, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>determinaci\u00f3n <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>x <span class=\"_ _f\"></span>ante <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>retribuci\u00f3n <span class=\"_ _f\"></span>espec\u00edfica <span class=\"_ _f\"></span>aplicable <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cada <span class=\"_ _0\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>instalaci\u00f3n <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>cada </span>a\u00f1o <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>semiperiodo <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>period<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>regulatorio <span class=\"_ _3\"></span>requiere <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>realizaci\u00f3n<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e estimac<span class=\"_ _3\"></span>iones <span class=\"_ _3\"></span>futuras <span class=\"_ _3\"></span>sob<span class=\"_ _3\"></span>re los<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>recios <span class=\"_ _3\"></span>del mercado <span class=\"_ _3\"></span>el\u00e9ctrico (en <span class=\"_ _3\"></span>adelant<span class=\"_ _3\"></span>e, \"precio <span class=\"_ _3\"></span>Po<span class=\"_ _3\"></span>ol\"). Es<span class=\"_ _3\"></span>tas es<span class=\"_ _3\"></span>timaciones son<span class=\"_ _3\"></span> objeto <span class=\"_ _3\"></span>de revisi\u00f3n<span class=\"_ _3\"></span> una <span class=\"_ _3\"></span>vez <span class=\"_ _3\"></span>transcurridos tres <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>regulat<span class=\"_ _3\"></span>orio, <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>decir, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>finalizar<span class=\"_ _3\"></span> el <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>mipe<span class=\"_ _3\"></span>riodo <span class=\"_ _3\"></span>regulatorio, <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>fin <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cuantificar <span class=\"_ _3\"></span>la<span class=\"_ _3\"></span> Ro<span class=\"_ _3\"></span> que <span class=\"_ _2\"></span>habr\u00eda <span class=\"_ _2\"></span>correspondido <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cada a\u00f1o <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>semiperiodo <span class=\"_ _d\"></span>en caso <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>haberse <span class=\"_ _2\"></span>considerado <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>precios <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Pool <span class=\"_ _2\"></span>reales.<span class=\"_ _f\"></span> El <span class=\"_ _13\"> </span>art\u00edculo <span class=\"_ _10\"> </span>22 <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span><span class=\"ff2\">Real <span class=\"_ _13\"> </span>Decreto <span class=\"_ _13\"> </span>413/2014</span> <span class=\"_ _13\"> </span>establec<span class=\"ls22\">i\u00f3</span> <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>mecanismo <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>ajuste <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>aplicar <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>t\u00e9rmino <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>cad<span class=\"_ _3\"></span>a semiperiodo regulatorio. E<span class=\"_ _3\"></span>ste mecanismo define u<span class=\"_ _3\"></span>nos l\u00edmites<span class=\"_ _3\"></span> superiores e inferiores en la<span class=\"_ _3\"></span> estimaci\u00f3n del p<span class=\"_ _3\"></span>recio Pool <span class=\"_ _2\"></span>con <span class=\"_ _d\"></span>el objetivo <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>generar, e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>c\u00f3mputo <span class=\"_ _2\"></span>anual, <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>aldo <span class=\"_ _2\"></span>positivo <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>n<span class=\"_ _3\"></span>egativo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>enominado VAJDM. <span class=\"_ _2\"></span>Dicho <span class=\"_ _2\"></span>saldo<span class=\"_ _3\"></span> se compensa a lo <span class=\"_ _3\"></span>largo de la vida \u00fatil de la in<span class=\"_ _3\"></span>stalaci\u00f3n. El <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>ajus<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>VAJDM, <span class=\"_ _f\"></span>calculado <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>forme <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>dispuesto<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>art\u00edculo <span class=\"_ _f\"></span>22 <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span><span class=\"ff2\">Real <span class=\"_ _0\"></span>Decreto <span class=\"_ _f\"></span>413/2014<span class=\"_ _3\"></span></span>, <span class=\"_ _f\"></span>se liquida <span class=\"_ _f\"></span>mediante <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>modificaci\u00f3n <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>alza <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>baj<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>inversi\u00f3n <span class=\"_ _3\"></span>(Rinv<span class=\"_ _3\"></span>), <span class=\"_ _3\"></span>aplic\u00e1n<span class=\"_ _3\"></span>dose esta correcci\u00f3n duran<span class=\"_ _3\"></span>te el periodo de vid<span class=\"_ _3\"></span>a regulatoria restante de la ins<span class=\"_ _3\"></span>talaci\u00f3n.<span class=\"_ _3\"></span> Cuando <span class=\"_ _3\"></span>una instalaci\u00f3n<span class=\"_ _3\"></span> haya alcan<span class=\"_ _3\"></span>zado el <span class=\"_ _3\"></span>final de <span class=\"_ _3\"></span>su v<span class=\"_ _3\"></span>ida \u00fatil regulatoria, <span class=\"_ _3\"></span>dejar\u00e1 <span class=\"_ _3\"></span>de percibir <span class=\"_ _3\"></span>tanto <span class=\"_ _3\"></span>la retribuci\u00f3n a la inversi\u00f3n co<span class=\"_ _3\"></span>mo la retribuci\u00f3n a la o<span class=\"_ _3\"></span>peraci\u00f3n. <span class=\"_ _3\"></span> Transici\u00f3n energ\u00e9tica y n<span class=\"_ _3\"></span>uevos instrumento<span class=\"_ _3\"></span>s regulatorios (2018<span class=\"_ _3\"></span><span class=\"ff7\">\u2013</span><span class=\"ls10\">2020)<span class=\"_ _3\"></span></span><span class=\"ff3\"> </span>E<span class=\"ls22\">l </span><span class=\"ff2\">Real Decreto<span class=\"_ _3\"></span>-ley 15/2018</span>, d<span class=\"_ _3\"></span>e 5 de octubre, de medid<span class=\"_ _3\"></span>as urgentes para <span class=\"_ _3\"></span>la transici\u00f3n energ\u00e9tica y la pro<span class=\"_ _3\"></span>tecci\u00f3n de los consu<span class=\"_ _3\"></span>midores, incluy\u00f3 dos d<span class=\"_ _3\"></span>isposiciones con impacto en<span class=\"_ _3\"></span> ENCE:<span class=\"_ _3\"></span> 1.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff6\">La exoneraci\u00f3n<span class=\"_ _3\"></span> del \u201cImpuesto<span class=\"_ _3\"></span> sobre el Valor <span class=\"_ _3\"></span>de la Produ<span class=\"_ _3\"></span>cci\u00f3n de En<span class=\"_ _3\"></span>erg\u00eda El\u00e9ctrica\u201d duran<span class=\"_ _3\"></span>te un periodo </span></span>de seis meses (octubre d<span class=\"_ _3\"></span>e 2018 <span class=\"ff6\">\u2013</span> marzo d<span class=\"_ _3\"></span>e 2019). 2.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">La <span class=\"_ _f\"></span>modificaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Ley <span class=\"_ _f\"></span>38/1992, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>28 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Impuestos <span class=\"_ _f\"></span>Especiales, <span class=\"_ _f\"></span>mediante <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>cual <span class=\"_ _f\"></span>se </span></span>eximi\u00f3 <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Impu<span class=\"_ _3\"></span>esto <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>Hidrocarburos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>productos <span class=\"_ _0\"></span>energ\u00e9ticos <span class=\"_ _0\"></span>destinados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e electricidad. Posteriormente, <span class=\"_ _13\"> </span>distintas <span class=\"_ _13\"> </span>\u00f3rdenes <span class=\"_ _10\"> </span>ministerial<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>han<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>fijad<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>alores <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>retribuci\u00f3n <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>operaci\u00f3n <span class=\"_ _10\"> </span>para sucesivos p<span class=\"_ _3\"></span>eriodos: Finalmente, <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span><span class=\"ff2\">Real <span class=\"_ _3\"></span>Decreto<span class=\"_ _3\"></span>-ley <span class=\"_ _f\"></span>17/2019</span>, <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>22 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>noviembre, <span class=\"_ _3\"></span>establece <span class=\"_ _f\"></span>medidas <span class=\"_ _3\"></span>urgentes <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>adaptaci\u00f3n de <span class=\"_ _3\"></span>par\u00e1metros <span class=\"_ _3\"></span>retributiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el sis<span class=\"_ _3\"></span>tema <span class=\"_ _3\"></span>el\u00e9ctrico <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>ab<span class=\"_ _3\"></span>ordar <span class=\"_ _3\"></span>el p<span class=\"_ _3\"></span>roceso <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cierre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>central<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>t\u00e9rmicas <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> 140<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, S.A. y sociedades <span class=\"_ _3\"></span>dependientes<span class=\"_ _3\"></span> - Cuentas anuales consolida<span class=\"_ _3\"></span>das del ejercicio 2025<span class=\"_ _3\"></span> generaci\u00f3n. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>fija <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>7,09% <span class=\"_ _3\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>entabilidad <span class=\"_ _f\"></span>razonab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>ap<span class=\"_ _3\"></span>licable <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>c\u00e1l<span class=\"_ _3\"></span>culo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la retribuci\u00f3n e<span class=\"_ _2\"></span>spec\u00edfica para <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>regulatorio 2020-2025. No <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span>bstante, de <span class=\"_ _d\"></span>manera excepcional, <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>contempla<span class=\"_ _3\"></span> la <span class=\"_ _2\"></span>posibilidad de <span class=\"_ _d\"></span>man<span class=\"_ _3\"></span>tener <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor actual <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>7,398% <span class=\"_ _d\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>periodo comprendido <span class=\"_ _d\"></span>entre 2020 <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>2031 <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>aquellas instalaciones <span class=\"_ _3\"></span>que contab<span class=\"_ _3\"></span>an con retribuci\u00f3n <span class=\"_ _3\"></span>primada a <span class=\"_ _3\"></span>la entrada en v<span class=\"_ _3\"></span>igor del <span class=\"_ _3\"></span>Real Decreto<span class=\"_ _f\"></span>-ley 9/2013, de <span class=\"_ _3\"></span>12 de julio, <span class=\"_ _10\"> </span>siempre <span class=\"_ _13\"> </span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"> </span>cumplan <span class=\"_ _13\"> </span>ciertos <span class=\"_ _10\"> </span>requisitos. <span class=\"_ _13\"> </span>Todas <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>inst<span class=\"_ _3\"></span>ala<span class=\"_ _3\"></span>ciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _10\"> </span>sujetas <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>retribuci\u00f3n <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>la inversi\u00f3n se a<span class=\"_ _3\"></span>cogen a la rentabilidad del 7,398%.<span class=\"_ _3\"></span> Asimismo,  la <span class=\"_ _13\"> </span><span class=\"ff2\">Orden  TED/171/2020</span>  re<span class=\"_ _2\"></span>vis\u00f3  los  par\u00e1metros  retributivos <span class=\"_ _13\"> </span>para  la <span class=\"_ _13\"> </span>estimaci\u00f3n <span class=\"_ _13\"> </span>de  la <span class=\"_ _13\"> </span>retribuci\u00f3n regulada <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>energ\u00edas <span class=\"_ _3\"></span>reno<span class=\"_ _3\"></span>vables <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>cogeneraci\u00f3n <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _f\"></span>regulatorio <span class=\"_ _f\"></span>2020<span class=\"_ _3\"></span>-2022, <span class=\"_ _f\"></span>estableciendo <span class=\"_ _f\"></span>el Valor de Ajuste por Desviacion<span class=\"_ _3\"></span>es<span class=\"ff3\"> corresp<span class=\"_ _3\"></span>ondiente al periodo 2017-2019. E<span class=\"_ _3\"></span>ntre las modificaciones in<span class=\"_ _3\"></span>troducidas, </span>cabe destacar <span class=\"_ _2\"></span>el incremento <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>horas equivalentes <span class=\"_ _2\"></span>de f<span class=\"_ _2\"></span>uncionamiento para las <span class=\"_ _2\"></span>instalaciones de <span class=\"_ _2\"></span>biomasa, que pasaron d<span class=\"_ _3\"></span>e 6.500 a 7.500 horas.<span class=\"_ _3\"></span> En <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>\u00e1mb<span class=\"_ _3\"></span>ito <span class=\"_ _f\"></span>legislativo, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span><span class=\"ff2\">Real <span class=\"_ _3\"></span>Decre<span class=\"_ _3\"></span>to-ley <span class=\"_ _f\"></span>23/2020</span> <span class=\"_ _f\"></span>reconoci\u00f3 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>papel <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>electrificaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>necesidad <span class=\"_ _f\"></span>de garantizar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>equ<span class=\"_ _3\"></span>ilibrio <span class=\"_ _0\"></span>financiero <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ector, <span class=\"_ _0\"></span>estableciendo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>conju<span class=\"_ _3\"></span>nto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>medidas <span class=\"_ _10\"></span>or<span class=\"_ _2\"></span>ientadas <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>impulsar <span class=\"_ _0\"></span>la transici\u00f3n energ\u00e9tica.<span class=\"_ _3\"></span> En <span class=\"_ _2\"></span>noviembre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>2020, <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>aprob\u00f3 <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span><span class=\"ff2\">Real <span class=\"_ _d\"></span>Decr<span class=\"_ _3\"></span>eto <span class=\"_ _2\"></span>960/2020<span class=\"ff3\">, <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>regula <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>r\u00e9gimen <span class=\"_ _2\"></span>jur\u00eddico <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>econ\u00f3mico <span class=\"_ _d\"></span>aplicable </span></span>a <span class=\"_ _d\"></span>las <span class=\"_ _2\"></span>instalaciones <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>producci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>energ\u00eda <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span>\u00e9ctrica <span class=\"_ _d\"></span>a <span class=\"_ _d\"></span>partir<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>fuentes <span class=\"_ _d\"></span>renovab<span class=\"_ _3\"></span>les, <span class=\"_ _d\"></span>bas<span class=\"_ _3\"></span>ado <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>econocimiento<span class=\"_ _3\"></span> a largo plazo d<span class=\"_ _3\"></span>e un precio por la energ\u00eda generada.<span class=\"_ _3\"></span> En d<span class=\"_ _3\"></span>iciembre de 2020 s<span class=\"_ _3\"></span>e public\u00f3 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span><span class=\"ff2\">Orden <span class=\"_ _3\"></span>TED/1161/2020</span>, <span class=\"_ _3\"></span>de 4 <span class=\"_ _3\"></span>de diciembre, p<span class=\"_ _3\"></span>or la <span class=\"_ _3\"></span>que se esta<span class=\"_ _3\"></span>blece el primer<span class=\"_ _3\"></span> mecanismo de subasta para la concesi\u00f3n del r\u00e9gimen econ\u00f3mico de energ\u00edas renovables, as\u00ed como el calendario<span class=\"_ _3\"></span> indicativo para <span class=\"_ _3\"></span>el per\u00edodo 2020-2025, <span class=\"_ _3\"></span>fijando un objetiv<span class=\"_ _3\"></span>o m\u00ednimo de 3.000 MW par<span class=\"_ _3\"></span>a dicho a\u00f1o.<span class=\"_ _3\"></span> El <span class=\"_ _13\"> </span>Real <span class=\"_ _10\"> </span>Decr<span class=\"_ _3\"></span>eto <span class=\"_ _13\"> </span>1106/2020<span class=\"ff3\">, <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>15 <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>diciembre, <span class=\"_ _13\"> </span>regula <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>Estatuto <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>consumidores  ele<span class=\"_ _2\"></span>ctrointensivos<span class=\"_ _3\"></span>, </span>definiendo <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>requisitos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>procedimi<span class=\"_ _3\"></span>ento <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>ob<span class=\"_ _3\"></span>tenci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>certificado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>umidor <span class=\"_ _f\"></span>electrointensivo.<span class=\"_ _3\"></span> Este <span class=\"_ _f\"></span>certificado, <span class=\"_ _f\"></span>obtenido <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>dos <span class=\"_ _f\"></span>biof\u00e1bricas <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo, <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>mite <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>acces<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ayudas <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>mecanis<span class=\"_ _3\"></span>mo <span class=\"_ _f\"></span>de compensaci\u00f3n contemplad<span class=\"_ _3\"></span>as en el T\u00edtulo III de d<span class=\"_ _3\"></span>icho Real Decreto.<span class=\"_ _3\"></span>  Impacto de la c<span class=\"_ _3\"></span>risis energ\u00e9tica y revisi\u00f3n extraor<span class=\"_ _3\"></span>dinaria de par\u00e1m<span class=\"_ _3\"></span>etros (2021<span class=\"_ _3\"></span><span class=\"ff7\">\u2013</span><span class=\"ls10\">2023)<span class=\"_ _3\"></span></span> La <span class=\"_ _16\"> </span>escalada <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>precios <span class=\"_ _16\"> </span>ener<span class=\"_ _3\"></span>g\u00e9ticos <span class=\"_ _16\"> </span>derivada <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>crisis<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>post<span class=\"_ _3\"></span>-COVID <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>guerra <span class=\"_ _19\"> </span>en <span class=\"_ _16\"> </span>Ucrania <span class=\"_ _19\"> </span>motiv\u00f3 <span class=\"_ _16\"> </span>una<span class=\"_ _3\"></span> intervenci\u00f3n re<span class=\"_ _3\"></span>gulatoria extraordinaria<span class=\"_ _3\"></span><span class=\"ff3\">: </span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Suspensiones<span class=\"_ _3\"></span> y reducciones fiscales (IVPE<span class=\"_ _3\"></span>E, IEE, IVA).<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Medidas de apo<span class=\"_ _3\"></span>yo a consumidores electrointens<span class=\"_ _3\"></span>ivos. <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Introducci\u00f3n d<span class=\"_ _3\"></span>el <span class=\"ff2\">mecanismo ib\u00e9r<span class=\"_ _3\"></span>ico de ajuste del gas<span class=\"_ _3\"></span></span> (RDL 10/2022).<span class=\"_ _3\"></span> </span></span>Por otro <span class=\"_ _3\"></span>lado, el <span class=\"_ _3\"></span><span class=\"ff2\">Real Decr<span class=\"_ _3\"></span>eto-ley 6/2022</span>, <span class=\"_ _3\"></span>de 29 <span class=\"_ _3\"></span>de marzo, <span class=\"_ _3\"></span>mediante el <span class=\"_ _3\"></span>cual se <span class=\"_ _3\"></span>adoptan medidas<span class=\"_ _3\"></span> urgentes <span class=\"_ _3\"></span>en el contexto <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>N<span class=\"_ _3\"></span>acional <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>respuesta<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>consecuencias <span class=\"_ _f\"></span>econ\u00f3<span class=\"_ _3\"></span>micas <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>sociales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>derivadas <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>conflicto <span class=\"_ _0\"></span>en Ucrania marc\u00f3 un punto de <span class=\"_ _2\"></span>inflexi\u00f3n al ordenar la <span class=\"ff2\">revisi\u00f3n anticipada de <span class=\"_ _2\"></span>par\u00e1metros retributivos<span class=\"_ _3\"></span><span class=\"ff3\">, modificando: </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">La estimaci\u00f3n de precios d<span class=\"_ _3\"></span>e mercado mediante <span class=\"_ _3\"></span>futuros OMIP.<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Los precios regulad<span class=\"_ _3\"></span>os del pool para 2020<span class=\"_ _3\"></span><span class=\"ff6\">\u2013</span>2022. </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff6\">La actualizaci\u00f3n d<span class=\"_ _3\"></span>e costes de combustible y CO\u2082.<span class=\"_ _3\"></span><span class=\"ff3\"> </span></span></span>Asimismo, <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>modific\u00f3 <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span><span class=\"ff2\">art\u00edculo <span class=\"_ _f\"></span>22 <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>RD <span class=\"_ _f\"></span>413/2014<span class=\"_ _3\"></span></span>, <span class=\"_ _f\"></span>introd<span class=\"_ _3\"></span>uciendo <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span><span class=\"ff2\">cesta <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>precios</span> <span class=\"_ _0\"></span>(mercado <span class=\"_ _f\"></span>diario <span class=\"_ _0\"></span>+ futuros) para <span class=\"_ _3\"></span>incentivar la cobertura a plaz<span class=\"_ _3\"></span>o. 141<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, S.A. y sociedades <span class=\"_ _3\"></span>dependientes<span class=\"_ _3\"></span> - Cuentas anuales consolida<span class=\"_ _3\"></span>das del ejercicio 2025<span class=\"_ _3\"></span> Estas <span class=\"_ _10\"> </span>revisiones <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>materializ<span class=\"_ _3\"></span>aron <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>diversas <span class=\"_ _10\"> </span>\u00f3rdenes <span class=\"_ _10\"> </span>ministeriales <span class=\"_ _10\"> </span>(TED/1<span class=\"_ _3\"></span>232/2022, <span class=\"_ _10\"> </span>TED/1295/20<span class=\"_ _3\"></span>22, <span class=\"_ _10\"> </span>entre otras). Semiperiodo <span class=\"_ _3\"></span>regulatorio 2023<span class=\"ff7\">\u2013</span>2025 y tr<span class=\"_ _3\"></span>ansici\u00f3n hacia un nu<span class=\"_ _3\"></span>evo marco<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _f\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>2023 <span class=\"_ _f\"></span>entra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>igor <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span><span class=\"ff2\">Or<span class=\"_ _3\"></span>den</span> <span class=\"_ _f\"></span><span class=\"ff2\">TED/741/2023</span> <span class=\"_ _0\"></span>sobre <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>establecida <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span><span class=\"ff2\">Real <span class=\"_ _0\"></span>Decreto-ley </span>5/2023, de 28 de junio<span class=\"_ _3\"></span><span class=\"ff3\">. Las principales<span class=\"_ _3\"></span> medidas a <span class=\"_ _3\"></span>destacar son las<span class=\"_ _3\"></span> siguientes: </span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff6\">Los p<span class=\"_ _3\"></span>recios pool <span class=\"_ _3\"></span>regulatorios <span class=\"_ _3\"></span>quedan<span class=\"_ _3\"></span> fijados <span class=\"_ _3\"></span>en 109,31 <span class=\"_ _3\"></span>\u20ac/<span class=\"_ _3\"></span>MWh para <span class=\"_ _3\"></span>2023, <span class=\"_ _3\"></span>108,86 <span class=\"_ _3\"></span>\u20ac/MWh <span class=\"_ _3\"></span>para 2024 <span class=\"_ _3\"></span>y </span></span>89,37 \u20ac/MWh para 202<span class=\"_ _3\"></span>5.<span class=\"ff3\"> </span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">El precio de la biomas<span class=\"_ _3\"></span>a y los costes d<span class=\"_ _3\"></span>e explotaci\u00f3n se actualizan en u<span class=\"_ _3\"></span>n 1%.<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se <span class=\"_ _d\"></span>detalla e<span class=\"_ _2\"></span>l <span class=\"_ _d\"></span>Valo<span class=\"_ _3\"></span>r <span class=\"_ _d\"></span>Neto Actuali<span class=\"_ _2\"></span>zado <span class=\"_ _2\"></span>(VNA) <span class=\"_ _d\"></span>al 1<span class=\"_ _2\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>enero <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>2023, <span class=\"_ _d\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _d\"></span>como las<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>retribuciones <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>inversi\u00f3n </span></span>futuras para <span class=\"_ _3\"></span>cada instalaci\u00f3n. \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se <span class=\"_ _3\"></span>incorporan <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>retribuciones <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>operaci\u00f3n <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>prim<span class=\"_ _3\"></span>er <span class=\"_ _3\"></span>semestre <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2023, <span class=\"_ _3\"></span>siendo <span class=\"_ _f\"></span>estas <span class=\"_ _3\"></span>nulas <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n </span></span>todas las instalaciones del <span class=\"_ _2\"></span>Grupo, salvo <span class=\"_ _2\"></span>para la <span class=\"_ _2\"></span>planta de cogeneraci\u00f3n <span class=\"_ _2\"></span>con gas situada e<span class=\"_ _2\"></span>n C\u00f3rdoba, que recibe una retribuci\u00f3n d<span class=\"_ _3\"></span>e 286 \u20ac/MWh.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Nueva metod<span class=\"_ _3\"></span>olog\u00eda de retribuci\u00f3n a la oper<span class=\"_ _3\"></span>aci\u00f3n (2024)<span class=\"_ _3\"></span><span class=\"ff3\"> </span>La <span class=\"_ _d\"></span>Ord<span class=\"_ _3\"></span>en <span class=\"_ _2\"></span>TED/526/2024<span class=\"ff3\">, <span class=\"_ _d\"></span>de 31 <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>mayo, por <span class=\"_ _d\"></span>la <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>establece <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>metodolog\u00eda <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>actualizaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>retribuci\u00f3n </span>a la <span class=\"_ _2\"></span>operaci\u00f3n de <span class=\"_ _2\"></span>las instalaciones tipo <span class=\"_ _2\"></span>de ge<span class=\"_ _2\"></span>neraci\u00f3n de energ\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica cuyos <span class=\"_ _2\"></span>costes de e<span class=\"_ _2\"></span>xplotaci\u00f3n dependan esencialmente del <span class=\"_ _3\"></span>precio de<span class=\"_ _3\"></span>l combustib<span class=\"_ _3\"></span>le y <span class=\"_ _3\"></span>se actual<span class=\"_ _3\"></span>izan sus<span class=\"_ _3\"></span> valo<span class=\"_ _3\"></span>res de retribuci\u00f3n<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>la operaci\u00f3n d<span class=\"_ _3\"></span>e aplicaci\u00f3n<span class=\"_ _3\"></span> a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>1 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>enero <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>estab<span class=\"_ _3\"></span>lece <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>pectos <span class=\"_ _0\"></span>relacionados <span class=\"_ _10\"></span>con <span class=\"_ _f\"></span>la <span class=\"_ _10\"></span>me<span class=\"_ _2\"></span>todolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actu<span class=\"_ _3\"></span>alizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la Retribuci\u00f3n a la op<span class=\"_ _3\"></span>eraci\u00f3n. Los principales<span class=\"_ _3\"></span> aspectos que contempla la <span class=\"_ _3\"></span>nueva metodolog\u00eda:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se llevar\u00e1 a cabo un<span class=\"_ _3\"></span>a actualizaci\u00f3n de la Retribuci\u00f3n<span class=\"_ _3\"></span> a la Operaci\u00f3n (Ro) trim<span class=\"_ _3\"></span>estralmente.<span class=\"_ _f\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se <span class=\"_ _3\"></span>excluye <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>biomasa <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>ajuste <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>desviacion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>precio <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>mercado <span class=\"_ _3\"></span>cada <span class=\"_ _f\"></span>3 </span></span>a\u00f1os. En su<span class=\"_ _3\"></span> lugar, ser\u00e1 cada 3 meses.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Las variab<span class=\"_ _3\"></span>les a tener en cuenta de cara a la actu<span class=\"_ _3\"></span>alizaci\u00f3n de la retribuci\u00f3n<span class=\"_ _3\"></span> a la operaci\u00f3n ser\u00e1n:<span class=\"_ _f\"></span> </span></span>o<span class=\"ff4\"> <span class=\"_ _12\"> </span><span class=\"ff3\">Es<span class=\"_ _3\"></span>timaci\u00f3n del precio de merc<span class=\"_ _3\"></span>ado el\u00e9ctrico.<span class=\"_ _3\"></span> </span></span>o<span class=\"ff4\"> <span class=\"_ _12\"> </span><span class=\"ff3\">Es<span class=\"_ _3\"></span>timaci\u00f3n del precio de los d<span class=\"_ _3\"></span>erechos de emisi\u00f3n d<span class=\"_ _3\"></span>e CO2, para la cogeneraci\u00f3n.<span class=\"_ _f\"></span> </span></span>o<span class=\"ff4\"> <span class=\"_ _12\"> </span><span class=\"ff3\">Es<span class=\"_ _3\"></span>timaci\u00f3n del precio del combu<span class=\"_ _3\"></span>stible. </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">La estimaci\u00f3n <span class=\"_ _2\"></span>del precio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>mercado el\u00e9ctrico <span class=\"_ _2\"></span>para el <span class=\"_ _2\"></span>trimestre a <span class=\"_ _2\"></span>calcular tendr\u00e1 <span class=\"_ _2\"></span>en cuenta <span class=\"_ _2\"></span>la cotizaci\u00f3n </span></span>del mercado a futu<span class=\"_ _3\"></span>ros anual y trimestral pond<span class=\"_ _3\"></span>erados respectivamente.<span class=\"_ _f\"></span> Metodolog\u00eda de actualizaci\u00f3<span class=\"_ _3\"></span>n de la retribuci\u00f3n a la<span class=\"_ _3\"></span> operaci\u00f3n para las<span class=\"_ _3\"></span> instalaciones de b<span class=\"_ _3\"></span>iomasa:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">La <span class=\"_ _d\"></span>estimaci\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>precio <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>combu<span class=\"_ _3\"></span>stible <span class=\"_ _d\"></span>para <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>insta<span class=\"_ _3\"></span>laciones <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>biomasa <span class=\"_ _2\"></span>tendr\u00e1 <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>cuenta <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>evoluci\u00f3n </span></span>del IPRI, del precio del trans<span class=\"_ _3\"></span>porte y el Salario M\u00ednimo Inter<span class=\"_ _3\"></span>profesional.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">La metodolog\u00eda de actualiz<span class=\"_ _3\"></span>aci\u00f3n de la retribu<span class=\"_ _3\"></span>ci\u00f3n a la operaci\u00f3n d<span class=\"_ _3\"></span>e instalaciones d<span class=\"_ _3\"></span>e biomasa <span class=\"_ _3\"></span>tendr\u00e1 en </span></span>cuenta <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>mpuesto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>7 <span class=\"_ _f\"></span>%, <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>costes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>combus<span class=\"_ _3\"></span>tible, <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>op<span class=\"_ _3\"></span>eraci\u00f3n <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>mante<span class=\"_ _3\"></span>nimiento <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> ingresos por v<span class=\"_ _3\"></span>enta en el mercado.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Para el ajuste por <span class=\"_ _2\"></span>afecci\u00f3n a la<span class=\"_ _2\"></span> retribuci\u00f3n a la <span class=\"_ _2\"></span>inversi\u00f3n para las instalaciones de <span class=\"_ _2\"></span>biomasa, se tendr\u00e1 <span class=\"_ _2\"></span>en </span></span>cuenta lo siguiente:<span class=\"_ _3\"></span> o<span class=\"ff4\"> <span class=\"_ _12\"> </span><span class=\"ff3\">Los<span class=\"_ _3\"></span> valores publicados<span class=\"_ _3\"></span> de los flujos de caja estimad<span class=\"_ _3\"></span>os para el semiperiodo regulatorio.<span class=\"_ _f\"></span> </span></span>142<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, S.A. y sociedades <span class=\"_ _3\"></span>dependientes<span class=\"_ _3\"></span> - Cuentas anuales consolida<span class=\"_ _3\"></span>das del ejercicio 2025<span class=\"_ _3\"></span> o<span class=\"ff4\"> <span class=\"_ _12\"> </span><span class=\"ff3\">Se <span class=\"_ _16\"> </span>pu<span class=\"_ _3\"></span>blicar\u00e1n <span class=\"_ _16\"> </span>trimestralmen<span class=\"_ _3\"></span>te, <span class=\"_ _16\"> </span>junto <span class=\"_ _16\"> </span>con<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>valores <span class=\"_ _16\"> </span>actualiz<span class=\"_ _3\"></span>ados <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span>la <span class=\"_ _16\"> </span>retribuci\u00f3n <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>la </span></span>operaci\u00f3n, los v<span class=\"_ _3\"></span>alores de los flujos de caja<span class=\"_ _3\"></span> trimestrales asociado<span class=\"_ _3\"></span>s a cada instalaci\u00f3n<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> o<span class=\"ff4\"> <span class=\"_ _12\"> </span><span class=\"ff3\">El <span class=\"_ _10\"></span>ajuste <span class=\"_ _f\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>afecci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>er\u00e1 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>aplicaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>p<span class=\"_ _2\"></span>artir <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>egundo </span></span>semestre d<span class=\"_ _3\"></span>el a\u00f1o <span class=\"_ _3\"></span>2024. E<span class=\"_ _3\"></span>l ane<span class=\"_ _3\"></span>xo II <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>Orden r<span class=\"_ _3\"></span>ecoge los <span class=\"_ _3\"></span>flujos<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>caja del <span class=\"_ _3\"></span>segundo <span class=\"_ _3\"></span>semestre del a\u00f1o 2024 y de los<span class=\"_ _3\"></span> dos semestres del a\u00f1o 2025.<span class=\"_ _f\"></span> La <span class=\"_ _13\"> </span>Orden <span class=\"_ _10\"> </span>establece <span class=\"_ _13\"> </span>tambi\u00e9n <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>mecanismo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>a<span class=\"_ _3\"></span>jus<span class=\"_ _3\"></span>te <span class=\"_ _10\"> </span>tran<span class=\"_ _3\"></span>sitorio <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>posteriori <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>esviaci\u00f3n <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>precio <span class=\"_ _13\"> </span>del mercado <span class=\"_ _f\"></span>el<span class=\"_ _3\"></span>\u00e9ctrico <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>preci<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>combus<span class=\"_ _3\"></span>tible <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>primer <span class=\"_ _0\"></span>semestre <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>a\u00f1o <span class=\"_ _0\"></span>2024 <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _0\"></span>de biomasa. Asimismo, en 2024 se aprob<span class=\"_ _3\"></span>aron no<span class=\"_ _3\"></span>rmas clave en materia de:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Derechos de emisi\u00f3n (RD 20<span class=\"_ _3\"></span>3/2024).<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Eficiencia energ\u00e9tica (Orden <span class=\"_ _3\"></span>TED/268/2024). <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Redes el\u00e9ctricas y gas<span class=\"_ _3\"></span>es renovables (plan<span class=\"_ _3\"></span>ificaci\u00f3n 2021<span class=\"_ _3\"></span><span class=\"ff6\">\u2013</span>2026 y b<span class=\"_ _3\"></span>iometano). </span></span>Marco re<span class=\"_ _3\"></span>gulatorio 2025 La <span class=\"_ _f\"></span>regulaci\u00f3n <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>entra <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>vigor <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>partir <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>apoya <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>marco <span class=\"_ _f\"></span>normativo <span class=\"_ _f\"></span>actualizado <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>introduce cambios relevantes en lo<span class=\"_ _3\"></span>s \u00e1mbitos econ\u00f3mico, t<span class=\"_ _3\"></span>\u00e9cnico y operativo del s<span class=\"_ _3\"></span>istema energ\u00e9tico:<span class=\"_ _3\"></span> La <span class=\"ff2\">Resoluci\u00f3n <span class=\"_ _2\"></span>de 27 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>enero de <span class=\"_ _2\"></span>2025<span class=\"ff3\">, de <span class=\"_ _2\"></span>la <span class=\"ff2\">Secretar\u00eda <span class=\"_ _2\"></span>de E<span class=\"_ _2\"></span>stado de <span class=\"_ _2\"></span>Industria<span class=\"ff3\">, revisa el <span class=\"_ _2\"></span>cociente <span class=\"_ _2\"></span>entre <span class=\"_ _2\"></span>consumo<span class=\"_ _3\"></span> </span></span></span></span>y valor a\u00f1adido bruto para optar a la categor\u00eda de consumidor electrointensivo, al que se refiere el art\u00edculo 3 del Real <span class=\"_ _17\"> </span>Decreto <span class=\"_ _17\"> </span>1106/202<span class=\"_ _3\"></span>0, <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>15 <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>d<span class=\"_ _3\"></span>iciembre, <span class=\"_ _17\"> </span>por <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>qu<span class=\"_ _3\"></span>e <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>regula <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>Es<span class=\"_ _3\"></span>tatuto <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>consumidores electrointensivos<span class=\"_ _3\"></span> estableciendo: \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se actualiza el u<span class=\"_ _3\"></span>mbral del cociente ent<span class=\"_ _3\"></span>re consumo el\u00e9<span class=\"_ _3\"></span>ctrico anual <span class=\"_ _3\"></span>y valor a\u00f1ad<span class=\"_ _3\"></span>ido bruto para acceder a </span></span>la condici\u00f3n de con<span class=\"_ _3\"></span>sumidor electrointensivo.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff6\">El nuevo v<span class=\"_ _3\"></span>alor se fija en 0,67 kWh/\u20ac, aplicable a t<span class=\"_ _3\"></span>odo el ejercicio 2025.<span class=\"_ _f\"></span><span class=\"ff3\"> </span></span></span>La <span class=\"_ _10\"> </span><span class=\"ff2\">Orden <span class=\"_ _10\"> </span>TED/197/2025</span>, <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>26 <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>febrero, <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>qu<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establecen <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>obligaciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>ahorro energ\u00e9tico <span class=\"_ _13\"> </span>, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>cumplimi<span class=\"_ _3\"></span>ento <span class=\"_ _13\"> </span>mediante <span class=\"_ _13\"> </span>Certificados <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Ahorro <span class=\"_ _13\"> </span>Energ\u00e9tico <span class=\"_ _13\"> </span>(CAE) <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>la  aportaci\u00f3n m\u00ednima al Fondo Nacion<span class=\"_ _3\"></span>al de Eficiencia Energ\u00e9tica p<span class=\"_ _3\"></span>ara el a\u00f1o 2025.<span class=\"_ _f\"></span> Resoluci\u00f3n de 28 de febrero <span class=\"_ _2\"></span>de 2025<span class=\"ff3\">, de la </span>Comisi\u00f3n Nacional de los Mercados y l<span class=\"_ _2\"></span>a Competencia<span class=\"_ _3\"></span><span class=\"ff3\">, por la que se </span>publican <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>reglas d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>funcionamiento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>diario <span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>intradiario <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>electricidad <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>adaptaci\u00f3n <span class=\"_ _3\"></span>a la negociaci\u00f3n cuarto<span class=\"_ _3\"></span>-horaria y a<span class=\"_ _3\"></span> la nueva tipolog\u00eda de ofert<span class=\"_ _3\"></span>as del mercado diario<span class=\"_ _3\"></span>. R<span class=\"ff2\">esoluci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>8 <span class=\"_ _3\"></span>de ab<span class=\"_ _3\"></span>ril de <span class=\"_ _3\"></span>2025<span class=\"_ _3\"></span></span>, d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span><span class=\"ff2\">Secr<span class=\"_ _3\"></span>etar\u00eda <span class=\"_ _3\"></span>de E<span class=\"_ _3\"></span>stado de<span class=\"_ _3\"></span> Ener<span class=\"_ _3\"></span>g\u00eda</span>, <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la q<span class=\"_ _3\"></span>ue se <span class=\"_ _3\"></span>actualizan <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>de la <span class=\"_ _2\"></span>retribuci\u00f3n a <span class=\"_ _d\"></span>la operaci\u00f3n <span class=\"_ _2\"></span>correspondientes al <span class=\"_ _d\"></span>segund<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>trimestre <span class=\"_ _d\"></span>nat<span class=\"_ _3\"></span>ural <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>a\u00f1o <span class=\"_ _2\"></span>2025 de <span class=\"_ _d\"></span>las instalaciones tipo de <span class=\"_ _16\"> </span>generac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span>energ\u00eda <span class=\"_ _19\"> </span>el\u00e9ctrica <span class=\"_ _19\"> </span>cuyos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>costes<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span>explotaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _16\"> </span>depend<span class=\"_ _3\"></span>an <span class=\"_ _16\"> </span>es<span class=\"_ _3\"></span>encialmente <span class=\"_ _16\"> </span>del <span class=\"_ _19\"> </span>precio <span class=\"_ _19\"> </span>de<span class=\"_ _f\"></span><span class=\"ls47\">l </span>combustible \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se fijan <span class=\"_ _3\"></span>los valo<span class=\"_ _3\"></span>res de la <span class=\"_ _3\"></span><span class=\"ff2\">retribuc<span class=\"_ _3\"></span>i\u00f3n a <span class=\"_ _3\"></span>la operaci\u00f3n (Ro)<span class=\"_ _3\"></span></span> para <span class=\"_ _3\"></span>instalaciones d<span class=\"_ _3\"></span>e biomasa, <span class=\"_ _3\"></span>cogeneraci\u00f3n y </span></span>residuos. \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se establece una es<span class=\"_ _3\"></span>timaci\u00f3n del <span class=\"ff2\">pr<span class=\"_ _3\"></span>ecio del mercad<span class=\"_ _3\"></span>o el\u00e9ctrico</span> <span class=\"_ _3\"></span><span class=\"ff6\">de 52,538 \u20ac/MWh.</span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se fija el <span class=\"ff7\">precio del CO\u2082<span class=\"_ _3\"></span></span> <span class=\"ff6\">en 74,81 \u20ac/tCO\u2082.<span class=\"_ _3\"></span></span> </span></span>143<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, S.A. y sociedades <span class=\"_ _3\"></span>dependientes<span class=\"_ _3\"></span> - Cuentas anuales consolida<span class=\"_ _3\"></span>das del ejercicio 2025<span class=\"_ _3\"></span> Publicaci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span><span class=\"ff2\">Real <span class=\"_ _10\"> </span>Decreto-ley <span class=\"_ _10\"> </span>7/2025</span>, <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>24 <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>junio, <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>aprueban <span class=\"_ _10\"></span>medidas <span class=\"_ _10\"></span>urgentes <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>el refuerzo del sistema el\u00e9<span class=\"_ _3\"></span>ctrico, establece:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1f\"> </span><span class=\"ff3 fs3\">Se<span class=\"_ _2\"></span> declara de utilidad<span class=\"_ _3\"></span> p\u00fablica a las<span class=\"_ _3\"></span> instalaciones<span class=\"_ _3\"></span> de almacenamiento.<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1f\"> </span><span class=\"ff3 fs3\">Se<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>simplifica <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>tramitaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>proy<span class=\"_ _3\"></span>ectos <span class=\"_ _0\"></span>hibridados <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>exime <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>evalu<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _0\"></span>ambiental <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>determinado<span class=\"_ _3\"></span>s </span></span>almacenamientos. \u2022<span class=\"ff4\"> <span class=\"_ _1f\"> </span><span class=\"ff3 fs3\">Se<span class=\"_ _2\"></span> regulan los p<span class=\"_ _3\"></span>ermisos de acceso<span class=\"_ _3\"></span> flexibles para almacena<span class=\"_ _3\"></span>miento.<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1f\"> </span><span class=\"ff3 fs3\">Se<span class=\"_ _2\"></span> redefine la priorid<span class=\"_ _3\"></span>ad de evacu<span class=\"_ _3\"></span>aci\u00f3n en situacio<span class=\"_ _3\"></span>nes de redespacho.<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1f\"> </span><span class=\"ff3 fs3\">Se<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>reduce <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"></span><span class=\"ff2\">25 <span class=\"_ _0\"></span>%<span class=\"_ _3\"></span></span> <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>umbral <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>horas <span class=\"_ _10\"></span>m\u00ednimas <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>funcionamiento <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>instalaciones <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>RD <span class=\"_ _10\"> </span>413/2014 </span></span>durante 2025.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1f\"> </span><span class=\"ff3 fs3\">Se<span class=\"_ _2\"></span> <span class=\"_ _17\"> </span>introdu<span class=\"_ _3\"></span>cen <span class=\"_ _17\"> </span>medidas <span class=\"_ _17\"> </span>para <span class=\"_ _1a\"> </span>impulsar <span class=\"_ _17\"> </span>la <span class=\"_ _1a\"> </span>flexibilidad, <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>almacenamiento <span class=\"_ _1a\"> </span>y <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>figu<span class=\"_ _3\"></span>ra <span class=\"_ _17\"> </span>del <span class=\"_ _17\"> </span>agregador<span class=\"_ _3\"></span> </span></span>independiente.<span class=\"_ _3\"></span> Resoluci\u00f3n de 3 de julio <span class=\"_ _2\"></span>de 2025<span class=\"ff3\">, de la Secretar\u00eda de Estado de Energ\u00eda, por la <span class=\"_ _2\"></span>que se actualizan los valores de la </span>retribuci\u00f3n a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>operaci\u00f3n correspond<span class=\"_ _3\"></span>ientes al <span class=\"_ _3\"></span>tercer trimestre nat<span class=\"_ _3\"></span>ural del <span class=\"_ _3\"></span>a\u00f1o 2025 d<span class=\"_ _3\"></span>e las <span class=\"_ _3\"></span>instalaciones tip<span class=\"_ _3\"></span>o de generaci\u00f3n de <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica cuyos costes <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>explotaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>dependan esencialmente <span class=\"_ _2\"></span>del precio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _2\"></span>combustible<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff6\">Se <span class=\"_ _3\"></span>establece <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>esti<span class=\"_ _3\"></span>maci\u00f3n <span class=\"_ _3\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>biomasa <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>el tercer <span class=\"_ _3\"></span>trimestre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>a\u00f1o <span class=\"_ _3\"></span>2025<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>60,75 <span class=\"_ _3\"></span>\u20ac/t </span></span>para el grupo b.6 y<span class=\"_ _3\"></span> en 50,64 \u20ac/t para el grup<span class=\"_ _3\"></span>o b.8. <span class=\"ff3\"> </span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Adicionalmente, <span class=\"_ _3\"></span>el an<span class=\"_ _3\"></span>exo II <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>cluye los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>valores d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Ro <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>las dis<span class=\"_ _3\"></span>tintas <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>incluidas <span class=\"_ _3\"></span>dentro </span></span>de estos grupo<span class=\"_ _3\"></span>s.  Resoluci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>2 <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>octubre <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>2025<span class=\"_ _3\"></span><span class=\"ff3\">, <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>actualizan <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>valores <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>retribuci\u00f3n <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>operaci\u00f3n </span>correspondientes <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cuarto <span class=\"_ _0\"></span>trimestre <span class=\"_ _f\"></span>nat<span class=\"_ _3\"></span>ural <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>a\u00f1<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>2025 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>ins<span class=\"_ _3\"></span>talaciones <span class=\"_ _0\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>energ\u00ed<span class=\"_ _3\"></span>a el\u00e9ctrica cuyos cos<span class=\"_ _3\"></span>tes de explotaci\u00f3n d<span class=\"_ _3\"></span>ependan esencialmente d<span class=\"_ _3\"></span>el precio del<span class=\"_ _3\"></span> combustib<span class=\"_ _3\"></span>le. \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff6\">Se esta<span class=\"_ _3\"></span>blece <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>estimaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>biomasa <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cuarto <span class=\"_ _3\"></span>trimestre <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>a\u00f1o <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>62,32 <span class=\"_ _3\"></span>\u20ac/t </span></span>para el grupo b.6 y<span class=\"_ _3\"></span> en 51,95 \u20ac/t para el grup<span class=\"_ _3\"></span>o b.8. <span class=\"ff3\"> </span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Adicionalmente, <span class=\"_ _3\"></span>el an<span class=\"_ _3\"></span>exo II <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>cluye los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>valores d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Ro <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>las dis<span class=\"_ _3\"></span>tintas <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>incluidas <span class=\"_ _3\"></span>dentro </span></span>de estos grupo<span class=\"_ _3\"></span>s.  Real Decreto 917/2025<span class=\"ff3\">, de 15 de octubre, por el que se m<span class=\"_ _2\"></span>odifica el Real Decreto 413/201<span class=\"_ _3\"></span>4, de 6 <span class=\"_ _2\"></span>de junio, por el </span>que  se  regula  la <span class=\"_ _16\"> </span>actividad  de  producci\u00f3n  de <span class=\"_ _16\"> </span>energ\u00eda  el\u00e9ctrica  a  partir  d<span class=\"_ _3\"></span>e  fuentes  de  energ\u00eda  renovables, cogeneraci\u00f3n y residuos<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Actualizaci\u00f3n del c\u00e1lculo d<span class=\"_ _3\"></span>e las ho<span class=\"_ _3\"></span>ras equivalentes: <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se <span class=\"_ _1b\"> </span>permite <span class=\"_ _1b\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _1b\"> </span>las <span class=\"_ _1b\"> </span>in<span class=\"_ _3\"></span>stalaciones <span class=\"_ _1b\"> </span>del <span class=\"_ _23\"> </span>r\u00e9gimen <span class=\"_ _1b\"> </span>retributivo <span class=\"_ _23\"> </span>espec\u00edfico <span class=\"_ _1b\"> </span>incorporen <span class=\"_ _1b\"> </span>sis<span class=\"_ _3\"></span>temas <span class=\"_ _1b\"> </span>de </span></span>almacenamiento el\u00e9ctrico s<span class=\"_ _3\"></span>in perder su r\u00e9gimen econ\u00f3<span class=\"_ _3\"></span>mico. <span class=\"_ _3\"></span> Real <span class=\"_ _10\"></span>Decreto <span class=\"_ _10\"></span>997/2025<span class=\"ff3\">, <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>5 <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>noviembre, <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>rueban <span class=\"_ _10\"></span>medidas <span class=\"_ _10\"></span>urgentes <span class=\"_ _0\"></span>para <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>refuerzo <span class=\"_ _0\"></span>del<span class=\"_ _3\"></span> </span>sistema el\u00e9ctrico<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se simplifica el r\u00e9gimen d<span class=\"_ _3\"></span>e almacenamiento h<span class=\"_ _3\"></span>ibridado.<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se actualiza la definici\u00f3n de p<span class=\"_ _3\"></span>otencia insta<span class=\"_ _3\"></span>lada. </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se modifican las reglas<span class=\"_ _3\"></span> sobre garant\u00edas<span class=\"_ _3\"></span> econ\u00f3micas en caso d<span class=\"_ _3\"></span>e cambios en los p<span class=\"_ _3\"></span>royectos.<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se introducen medidas p<span class=\"_ _3\"></span>ara facilitar la <span class=\"_ _3\"></span><span class=\"ff2\">repotenciaci\u00f3n<span class=\"_ _3\"></span></span> de instalaciones exis<span class=\"_ _3\"></span>tentes. </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se refuerza la sup<span class=\"_ _3\"></span>ervisi\u00f3n del sistema el\u00e9ctrico por <span class=\"_ _3\"></span>parte de la CNMC y Red El\u00e9ctrica.<span class=\"_ _f\"></span> </span></span>144<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, S.A. y sociedades <span class=\"_ _3\"></span>dependientes<span class=\"_ _3\"></span> - Cuentas anuales consolida<span class=\"_ _3\"></span>das del ejercicio 2025<span class=\"_ _3\"></span> Orden <span class=\"_ _0\"></span>TED/1252/2025<span class=\"ff3\">, <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>2<span class=\"_ _3\"></span>7 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>octu<span class=\"_ _3\"></span>bre, <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>modifican <span class=\"_ _0\"></span>determinados <span class=\"_ _0\"></span>asp<span class=\"_ _3\"></span>ectos <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>idad <span class=\"_ _0\"></span>de </span>producci\u00f3n de energ\u00eda el<span class=\"_ _3\"></span>\u00e9ctrica a partir d<span class=\"_ _3\"></span>e fuentes de energ\u00eda renovab<span class=\"_ _3\"></span>les<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se elimina la obligaci\u00f3n d<span class=\"_ _3\"></span>e destinar los<span class=\"_ _3\"></span> ingresos de las garant\u00edas<span class=\"_ _3\"></span> de origen a usos con<span class=\"_ _3\"></span>cretos.<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se permite la exportaci\u00f3n d<span class=\"_ _3\"></span>e garant\u00edas<span class=\"_ _3\"></span> de origen de instalaciones con<span class=\"_ _3\"></span> r\u00e9gimen retributivo espec\u00edfico.<span class=\"_ _f\"></span>  </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Se <span class=\"_ _10\"> </span>introd<span class=\"_ _3\"></span>uce <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>nu<span class=\"_ _3\"></span>evo <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>cepto <span class=\"_ _10\"> </span>para <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>ajus<span class=\"_ _3\"></span>te <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>Ro <span class=\"_ _13\"> </span>basado <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>desviaciones <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>flujos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>caja </span></span>trimestrales. Se detallan a continu<span class=\"_ _3\"></span>aci\u00f3n el Valor N<span class=\"_ _3\"></span>eto Actualizado (VNA) <span class=\"_ _3\"></span>de cada insta<span class=\"_ _3\"></span>laci\u00f3n, as\u00ed como las<span class=\"_ _3\"></span> retribuciones a la inversi\u00f3n (Rinv<span class=\"_ _3\"></span>) y a la operaci\u00f3n (Ro) aplicab<span class=\"_ _3\"></span>les a las instalaciones<span class=\"_ _3\"></span> que gestiona EN<span class=\"_ _3\"></span>CE en 202<span class=\"_ _3\"></span>5: 202<span class=\"ls0_1\">5 </span>2024<span class=\"ls0_1\"> </span>Instalaci\u00f3n IT<span class=\"ls0_1\"> </span>Vida regulatoria Ro (\u20ac/MWh)<span class=\"ff2\"> </span>Rinv (Miles \u20ac)<span class=\"ff2\"> </span>VNA (Miles \u20ac)<span class=\"ff2\"> </span>Ro (\u20ac/MWh) 1S24 Ro (\u20ac/MWh) 3T24 Ro (\u20ac/MWh) 4T24 Rinv (Miles \u20ac)<span class=\"ff2 ls0_1\"> </span>VNA (Miles \u20ac)<span class=\"ff2\"> </span>Negocio Energ\u00eda- Huelva -  50 MW IT<span class=\"ls0_1\">-<span class=\"lsd\">00841</span> </span>2037<span class=\"ls0_1\"> </span>51,64 7.739 73.799 - 41,66 36,62 7.739 73.799 Huelva - 41 MW IT<span class=\"ls0_1\">-<span class=\"lsd\">00829 / </span></span>IT<span class=\"ls0_1\">-<span class=\"lsd\">00832</span> </span>2025<span class=\"ls0_1\"> </span>62,40 565<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=\"lsd\">00843</span> </span>2039<span class=\"ls0_1\"> </span>53,80 3.683 37.504 - 39,92 34,87 3.683 37.504 Ja\u00e9n - 16 MW IT<span class=\"ls0_1\">-<span class=\"lsd\">00831 / </span></span>IT<span class=\"ls0_1\">-<span class=\"lsd\">00855</span> </span>2027<span class=\"ls0_1\"> </span>38,50 918<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=\"lsd\">00831 / </span></span>IT<span class=\"ls0_1\">-<span class=\"lsd\">00855</span> </span>2027<span class=\"ls0_1\"> </span>38,00 918<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=\"lsd\">00859</span> </span>2031<span class=\"ls0_1\"> </span>46,70 1.251 8.921 - 30,91 25,83 1.251 8.921 C\u00f3rdoba - 13 MW - Gas IT<span class=\"ls0_1\">-<span class=\"lsd\">00430</span> </span>2030<span class=\"ls0_1\"> </span>115,31 - - 132,06 0,09 0,10 - - Puertollano biomasa- <span class=\"lsd\">50 </span>MW<span class=\"ls0_1\"> </span>IT<span class=\"ls0_1\">-<span class=\"lsd\">04005</span> </span>2044<span class=\"ls0_1\"> </span>52,60 - - - 38,07 33,02 - - Huelva 46 MW IT<span class=\"ls0_1\">-<span class=\"lsd\">04005</span> </span>2044<span class=\"ls0_1\"> </span>53,00 - - - 38,07 33,02 - - Negocio Celulosa- Navia - 37 MW IT<span class=\"ls0_1\">-<span class=\"lsd\">00838</span> </span>2034<span class=\"ls0_1\"> </span>55.22 3.931 33.711 - 43,88 38,56 3.955 33.711 Navia - 40 MW IT<span class=\"ls0_1\">-<span class=\"lsd\">01035</span> </span>2034<span class=\"ls0_1\"> </span>- - - - - - - - Pontevedra - 35 MW IT<span class=\"ls0_1\">-<span class=\"lsd\">00836</span>-<span class=\"lsd\">7 / </span></span>IT<span class=\"ls0_1\">-<span class=\"lsd\">01035</span> </span>2033<span class=\"ls0_1\"> </span>11,52 757<span class=\"ls0_1\"> </span>6.182 - 9,23 8,12 757<span class=\"ls0_1\"> </span>6.182 Las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"> </span>del <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>peran <span class=\"_ _10\"></span>libremente <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>mercado <span class=\"_ _10\"> </span>vendiendo <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>\u201cpool\u201d <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>v\u00e9s <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la sociedad <span class=\"_ _0\"></span>Magno<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Green <span class=\"_ _0\"></span>Energy<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>S.L., <span class=\"_ _0\"></span>sociedad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pertenecien<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>act\u00faa <span class=\"_ _10\"></span>\u00fanicamente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>efectos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de representaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
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  "fact-3": {
   "value": "ENCE Energ\u00eda y Celulosa, S.A. y Sociedades Dependientes ",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "ENCE Energ\u00eda y Celulosa, S.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "S.A.",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-2": {
   "value": "1.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Actividad del Grupo </span></span>Ence <span class=\"_ _0\"></span>Energ\u00eda <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Celulosa, <span class=\"_ _0\"></span>S.A. <span class=\"_ _f\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">(en <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>elante <span class=\"_ _f\"></span>\u201cla <span class=\"_ _f\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Dominante\u201d)</span><span class=\"ff6\"><span class=\"_ _3\"></span></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>constitu<span class=\"_ _3\"></span>y\u00f3 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>a\u00f1o <span class=\"_ _f\"></span>1968<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>tiene ubicado <span class=\"_ _10\"> </span>su <span class=\"_ _10\"></span>domicilio <span class=\"_ _10\"></span>social <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>calle <span class=\"_ _10\"></span>Est\u00e9banez <span class=\"_ _10\"></span>Calder\u00f3n, <span class=\"_ _10\"> </span>3-5 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Ma<span class=\"_ _3\"></span>drid <span class=\"_ _10\"></span>(Espa\u00f1a). <span class=\"_ _10\"></span>En <span class=\"_ _10\"></span>2024 <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>Sociedad  Dominante <span class=\"_ _3\"></span>cambi\u00f3 <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>domicilio <span class=\"_ _3\"></span>social <span class=\"_ _3\"></span>ubicad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>anteriormen<span class=\"_ _3\"></span>te en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Calle <span class=\"_ _3\"></span>Beatriz <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Bobadilla, 14 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Madrid (Espa\u00f1a)<span class=\"_ _65\"> </span>. <span class=\"_ _3\"></span>Anteriormente u<span class=\"_ _3\"></span>tiliz\u00f3 las <span class=\"_ _3\"></span>denominaciones <span class=\"_ _3\"></span>Empresa Nacion<span class=\"_ _3\"></span>al de <span class=\"_ _3\"></span>Celulosas, <span class=\"_ _3\"></span>S.A. hasta <span class=\"_ _3\"></span>el a\u00f1o <span class=\"_ _3\"></span>1999 y Grupo Empresarial E<span class=\"_ _3\"></span>NCE, S.A. hasta<span class=\"_ _3\"></span> el a\u00f1o 2012. <span class=\"_ _3\"></span><span class=\"fc3\"> </span>Su objeto social, <span class=\"_ _3\"></span>de acuerdo a lo establecido en s<span class=\"_ _3\"></span>us estatutos, cons<span class=\"_ _3\"></span>iste en:<span class=\"_ _3\"></span> a)  <span class=\"_ _11\"> </span>la <span class=\"_ _d\"></span>fab<span class=\"_ _3\"></span>ricaci\u00f3n <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>pas<span class=\"_ _3\"></span>tas <span class=\"_ _2\"></span>celul\u00f3sicas <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>estas, obt<span class=\"_ _2\"></span>enci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>prod<span class=\"_ _3\"></span>uctos <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>elementos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>n<span class=\"_ _3\"></span>ecesarios para aqu\u00e9llas y<span class=\"_ _3\"></span> aprovechamiento d<span class=\"_ _3\"></span>e los subproductos res<span class=\"_ _3\"></span>ultantes de ambas;<span class=\"_ _3\"></span> b)  <span class=\"_ _12\"> </span>la producci\u00f3n por <span class=\"_ _2\"></span>cualquier medio, <span class=\"_ _2\"></span>venta y <span class=\"_ _2\"></span>utilizaci\u00f3n de e<span class=\"_ _2\"></span>nerg\u00eda el\u00e9ctrica, as\u00ed como <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>otras<span class=\"_ _3\"></span> f<span class=\"_ _2\"></span>uentes de energ\u00eda, <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>materias <span class=\"_ _13\"> </span>o <span class=\"_ _10\"> </span>energ\u00edas <span class=\"_ _13\"> </span>primarias <span class=\"_ _10\"> </span>necesarias<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _10\"> </span>su <span class=\"_ _13\"> </span>generaci\u00f3n, <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>acuerdo <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>las posibilidades <span class=\"_ _3\"></span>prev<span class=\"_ _3\"></span>istas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>legislaci\u00f3n <span class=\"_ _3\"></span>vigente; <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>comercializaci\u00f3n,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>compraventa <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>suministro, <span class=\"_ _3\"></span>bajo cualquiera de las mod<span class=\"_ _3\"></span>alidades permitidas<span class=\"_ _3\"></span> por la ley<span class=\"_ _3\"></span>;  c) <span class=\"ls0_1\"> <span class=\"_ _14\"> </span>el <span class=\"_ _0\"></span>cultivo,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>explotaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>aprovechamiento <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>bosques <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>mas<span class=\"_ _3\"></span>as <span class=\"_ _10\"></span>forestales, <span class=\"_ _0\"></span>trabajos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>forestaci\u00f3n, <span class=\"_ _10\"></span>y<span class=\"_ _2\"></span> </span>realizaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>trabajos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>servicios <span class=\"_ _f\"></span>especializados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>tipo <span class=\"_ _f\"></span>forestal. <span class=\"_ _f\"></span>La <span class=\"_ _f\"></span>preparaci\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>transformaci\u00f3n <span class=\"_ _f\"></span>de productos  forestales.  El  aprovechamiento  y  explotaci\u00f3n  mercantil  y  comercializaci\u00f3n  en  todos  los \u00f3rdenes <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>productos <span class=\"_ _15\"> </span>forestales <span class=\"_ _15\"> </span>(incluyendo <span class=\"_ _15\"> </span>biomas<span class=\"_ _3\"></span>a <span class=\"_ _15\"> </span>y <span class=\"_ _15\"> </span>cultivos <span class=\"_ _15\"> </span>energ\u00e9ticos <span class=\"_ _15\"> </span>forestales), <span class=\"_ _15\"> </span>sus derivados y<span class=\"_ _3\"></span> subproductos. Estudios y<span class=\"_ _3\"></span> proyectos forestales;<span class=\"_ _3\"></span> d)  <span class=\"_ _12\"> </span>el <span class=\"_ _2\"></span>proyecto, <span class=\"_ _2\"></span>promoci\u00f3n, desarrollo, <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>strucci\u00f3n, <span class=\"_ _2\"></span>operaci\u00f3n <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>mantenimiento, <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>instalaciones <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>que se refiere los apartad<span class=\"_ _3\"></span>os a), b) y c) anteriores.<span class=\"_ _3\"></span> Ence  Energ\u00eda <span class=\"_ _13\"> </span>y  Celulosa, <span class=\"_ _13\"> </span>S.A.  y <span class=\"_ _13\"> </span>su <span class=\"_ _13\"> </span>Grupo  de <span class=\"_ _13\"> </span>empresas  (<span class=\"_ _2\"></span>en  adelante <span class=\"_ _13\"> </span>\u201cGrupo\u201d,  \u201cENCE\u201d <span class=\"_ _13\"> </span>o  \u201cGrupo <span class=\"_ _13\"> </span>Ence\u201d) desarrolla su a<span class=\"_ _3\"></span>ctividad en torno a dos<span class=\"_ _3\"></span> negocios: Negocio \u201cCelulosa\u201d<span class=\"ff2\">-<span class=\"_ _3\"></span> </span>Comprende la producci\u00f3n de celulosa a partir de m<span class=\"_ _2\"></span>adera de eucalipto, tipos BEKP (Bleached Eucalyptus Kraft Pulp) con calidad<span class=\"_ _3\"></span>es de blanqueo ECF (libre de cloro elemental) y TCF (totalmente libre de cloro), y UE<span class=\"_ _3\"></span>KP (Un<span class=\"_ _3\"></span>-<span class=\"_ _65\"> </span>bleached Eucalyptu<span class=\"_ _3\"></span>s Kraft Pulp). <span class=\"_ _3\"></span> Para <span class=\"_ _13\"> </span>llevar <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cabo  esta <span class=\"_ _10\"> </span>actividad<span class=\"_ _3\"></span>, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo  dispone <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>2 <span class=\"_ _13\"> </span>biof\u00e1bricas <span class=\"_ _13\"> </span>ubicadas <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>spa\u00f1a, <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>Asturias <span class=\"_ _10\"> </span>y Pontevedra, con u<span class=\"_ _3\"></span>na capacidad nominal <span class=\"_ _3\"></span>conjunta de, aproximadamente, <span class=\"_ _f\"></span>1,2 millones de t<span class=\"_ _3\"></span>oneladas an<span class=\"_ _3\"></span>uales. Ambas <span class=\"_ _f\"></span>plantas <span class=\"_ _f\"></span>tienen <span class=\"_ _f\"></span>implantado <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>proceso<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Kraft <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>celulosa. <span class=\"_ _f\"></span>Este <span class=\"_ _3\"></span>proceso<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>productivo incluye la cogeneraci\u00f3n de <span class=\"_ _3\"></span>energ\u00eda el\u00e9ctrica utilizando<span class=\"_ _3\"></span> la parte de la madera qu<span class=\"_ _3\"></span>e no puede trans<span class=\"_ _3\"></span>formarse en celulosa: <span class=\"_ _2\"></span>lignina/bio<span class=\"_ _3\"></span>masa. <span class=\"_ _2\"></span>La capacidad <span class=\"_ _2\"></span>nominal instalada <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>generaci\u00f3n de <span class=\"_ _d\"></span>energ\u00eda<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>el\u00e9ctrica integrada <span class=\"_ _d\"></span>en<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>las biof\u00e1bricas de celulos<span class=\"_ _3\"></span>a de Asturias y<span class=\"_ _3\"></span> Pontevedra es de 111 megavatios<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ff6\">(en adelante \u201cMW\u201d)<span class=\"_ _3\"></span></span>.<span class=\"_ _65\"> </span>Asimismo,  el <span class=\"_ _16\"> </span>Grupo  gestio<span class=\"_ _3\"></span>na  en <span class=\"_ _16\"> </span>la  Pen\u00ednsu<span class=\"_ _3\"></span>la  Ib\u00e9rica <span class=\"_ _16\"> </span>una  superficie  p<span class=\"_ _3\"></span>atrimonial <span class=\"_ _16\"> </span>b<span class=\"_ _3\"></span>ruta  total <span class=\"_ _16\"> </span>de  <span class=\"ls10\">65.665<span class=\"_ _3\"></span></span> hect\u00e1reas, <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>45.9<span class=\"ls10\">21</span> <span class=\"_ _10\"> </span>son <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>propiedad. <span class=\"_ _10\"> </span>De <span class=\"_ _10\"> </span>ellas, <span class=\"_ _10\"> </span><span class=\"ls10\">50.991</span> <span class=\"_ _10\"> </span>h<span class=\"_ _3\"></span>ect\u00e1reas <span class=\"_ _10\"></span>son <span class=\"_ _10\"> </span>productivas <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>las <span class=\"_ _10\"></span>14.674 hect\u00e1reas restantes es<span class=\"_ _3\"></span>t\u00e1n destinadas a<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>conservaci\u00f3n y diversidad d<span class=\"_ _3\"></span>el entorno forestal.<span class=\"_ _65\"> </span>Negocio \u201cRenovables\u201d<span class=\"_ _3\"></span><span class=\"ff2\">- </span>Comprende las siguient<span class=\"_ _3\"></span>es actividad<span class=\"_ _3\"></span>es que s<span class=\"_ _3\"></span>e agrupan y desarrollan baj<span class=\"_ _3\"></span>o la sociedad Ence Renov<span class=\"_ _3\"></span>ables, S.L.<span class=\"_ _3\"></span>: Biomasa ENCE <span class=\"_ _10\"></span>Renovables, <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>subgrupo <span class=\"_ _10\"> </span>del <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>cabe<span class=\"_ _2\"></span>cera <span class=\"_ _10\"></span>Magnon <span class=\"_ _10\"></span>Gre<span class=\"_ _2\"></span>en <span class=\"_ _10\"></span>Energy, <span class=\"_ _10\"></span>S.L. <span class=\"_ _0\"></span>(MAGNON), <span class=\"_ _10\"> </span>ha desarrollado  y <span class=\"_ _13\"> </span>adquirido  dive<span class=\"_ _2\"></span>rsos  proyectos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>generaci\u00f3n  de <span class=\"_ _13\"> </span>energ\u00eda <span class=\"_ _13\"> </span>el\u00e9ctrica  renovable <span class=\"_ _13\"> </span>con  biomasa procedente <span class=\"_ _15\"> </span>de <span class=\"_ _16\"> </span>sub<span class=\"_ _3\"></span>productos <span class=\"_ _15\"> </span>agroforestales <span class=\"_ _15\"> </span>como <span class=\"_ _16\"> </span>activ<span class=\"_ _3\"></span>idad <span class=\"_ _17\"> </span>independiente <span class=\"_ _15\"> </span>y <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>eparada <span class=\"_ _15\"> </span>de <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>u <span class=\"_ _15\"> </span>negocio<span class=\"_ _2\"></span> celul\u00f3sico. La <span class=\"_ _d\"></span>capacidad<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>generaci\u00f3n <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _d\"></span>el\u00e9ctrica renovable <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>operaci\u00f3n <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>266 <span class=\"_ _d\"></span>MW de <span class=\"_ _d\"></span>acu<span class=\"_ _3\"></span>erdo con el siguiente detalle:<span class=\"_ _3\"></span> <table class=\"s w298 h15a\" id=\"_f4f2085f-a845-401f-8acc-6969b5bd5f98\"><tr><td></td><td class=\"c x1fb yfc2 w299 h15b\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Potencia<span class=\"_ _65\"> </span></div></td><td class=\"c x1fc yfc2 w29a h15b\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Vida</div></td></tr><tr><td class=\"c x1fd yfc3 w29 h45\"><div class=\"t_1 m0_1 x45 h7_1 y1dc ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Ubicaci\u00f3n </div></td><td class=\"c x1fe yfc4 w29b h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls11 ws0_1\">MW<span class=\"_ _65\"> </span></div></td><td class=\"c x1ff yfc4 w29c h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Regulatoria<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1fd yfc5 w29 h47\"><div class=\"t_1 m0_1 x6c h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Huelva </div></td><td class=\"c x200 yfc5 w2a h47\"><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfc5 w6_1 h47\"><div class=\"t_1 m0_1 x2f h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2037<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1fd yfc6 w29 h47\"><div class=\"t_1 m0_1 x6c h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Huelva (*) </div></td><td class=\"c x200 yfc6 w2a h47\"><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfc6 w6_1 h47\"><div class=\"t_1 m0_1 x2f h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2025<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1fd yfc7 w29 h47\"><div class=\"t_1 m0_1 x6c h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Huelva  </div></td><td class=\"c x200 yfc7 w2a h47\"><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">46<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfc7 w6_1 h47\"><div class=\"t_1 m0_1 x2f h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2045<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1fd yfc8 w29 h46\"><div class=\"t_1 m0_1 x6c h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">M\u00e9rida </div></td><td class=\"c x200 yfc8 w2a h46\"><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfc8 w6_1 h46\"><div class=\"t_1 m0_1 x2f h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2039<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1fd yfc9 w29 h47\"><div class=\"t_1 m0_1 x6c h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Ja\u00e9n </div></td><td class=\"c x200 yfc9 w2a h47\"><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfc9 w6_1 h47\"><div class=\"t_1 m0_1 x2f h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2027<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1fd yfca w29 h47\"><div class=\"t_1 m0_1 x6c h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Ciudad Real </div></td><td class=\"c x200 yfca w2a h47\"><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfca w6_1 h47\"><div class=\"t_1 m0_1 x2f h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2027<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1fd yfcb w29 h46\"><div class=\"t_1 m0_1 x6c h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">C\u00f3rdoba </div></td><td class=\"c x200 yfcb w2a h46\"><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">14<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfcb w6_1 h46\"><div class=\"t_1 m0_1 x2f h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2031<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1fd yfcc w29 h48\"><div class=\"t_1 m0_1 x6c h7_1 y11b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">C\u00f3rdoba </div></td><td class=\"c x200 yfcc w2a h48\"><div class=\"t_1 m0_1 x3a h7_1 y11b ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">13<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfcc w6_1 h48\"><div class=\"t_1 m0_1 x2f h7_1 y11b ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2030<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1fd yfcd w29 h47\"><div class=\"t_1 m0_1 x6c h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Ciudad Real </div></td><td class=\"c x200 yfcd w2a h47\"><div class=\"t_1 m0_1 x3a h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x201 yfcd w6_1 h47\"><div class=\"t_1 m0_1 x2f h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2045<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _0\"></span>En <span class=\"_ _10\"></span>2025 <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>planta <span class=\"_ _0\"></span>ubicada <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>Huelva <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>potencia <span class=\"_ _10\"></span>instalada <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>41 <span class=\"_ _13\"> </span><span class=\"ls11\">MW</span> <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>dejado <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>operar <span class=\"_ _0\"></span>tras finalizar su v<span class=\"_ _3\"></span>ida \u00fatil regulatoria. Adicionalmente, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>completand<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>tramitaci\u00f3n <span class=\"_ _f\"></span>administrativa <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2 <span class=\"_ _f\"></span>proyectos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de energ\u00eda <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>enovable <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>bioma<span class=\"_ _3\"></span>sa, <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>potencia <span class=\"_ _f\"></span>agregada <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>100 <span class=\"_ _3\"></span>MW <span class=\"_ _f\"></span>renovables<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>ubicados <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>Cas<span class=\"_ _3\"></span>tilla <span class=\"_ _3\"></span>la Mancha y And<span class=\"_ _3\"></span>aluc\u00eda. Bi<span class=\"ls0_1\">ometano </span>ENCE est\u00e1 desarrollando plantas de <span class=\"_ _2\"></span>producci\u00f3n de biometano y fertilizantes org\u00e1nicos, a<span class=\"_ _2\"></span> partir de <span class=\"_ _2\"></span>un modelo<span class=\"_ _2\"></span> basado <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>gesti\u00f3n <span class=\"_ _0\"></span>sostenible <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>circular <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biomas<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>agr\u00edcola <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>ganadera<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>objetivo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>alcanza<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>una producci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>1 <span class=\"_ _f\"></span>TWh de <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>iometano <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>a\u00f1<span class=\"_ _3\"></span>o en <span class=\"_ _f\"></span>2030<span class=\"ls13\">. <span class=\"_ _3\"></span></span>Al <span class=\"_ _3\"></span>cierre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ejercicio<span class=\"ls14\">, <span class=\"_ _3\"></span></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>cuenta <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>una cartera <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span><span class=\"ls10\">25</span> <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>yectos <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>fase <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ingenier\u00eda <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>tramitaci\u00f3n <span class=\"_ _10\"></span>administrativa, <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>planta <span class=\"_ _10\"></span>ya <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>operaci\u00f3n comercial, <span class=\"_ _f\"></span>adquirida <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>diciembre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>(v\u00e9ase <span class=\"_ _f\"></span>Nota <span class=\"_ _f\"></span>6), <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>capacidad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>50 <span class=\"_ _3\"></span>GWh <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biometano <span class=\"_ _f\"></span>al<span class=\"_ _2\"></span> a\u00f1o, localizad<span class=\"_ _3\"></span>a en el municipio de La Galera (Tarra<span class=\"_ _3\"></span>gona)<span class=\"_ _3\"></span>. Servicios energ\u00e9ticos<span class=\"_ _3\"></span> El <span class=\"_ _0\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>frece <span class=\"_ _0\"></span>soluciones <span class=\"_ _10\"></span>integrales <span class=\"_ _0\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>t\u00e9r<span class=\"_ _3\"></span>mica <span class=\"_ _0\"></span>renovab<span class=\"_ _3\"></span>le <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>biomasa <span class=\"_ _10\"></span>para<span class=\"_ _2\"></span> clientes <span class=\"_ _18\"> </span>industriales <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>Es<span class=\"_ _3\"></span>pa\u00f1a<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _18\"> </span></span>Esto <span class=\"_ _18\"> </span>les <span class=\"_ _18\"> </span>permitir\u00e1 <span class=\"_ _18\"> </span>des<span class=\"_ _3\"></span>carbonizar <span class=\"_ _18\"> </span>procesos<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>industriales <span class=\"_ _18\"> </span>dif\u00edcilmente electrificables, como la gener<span class=\"_ _3\"></span>aci\u00f3n de calor ind<span class=\"_ _3\"></span>ustrial, utilizando u<span class=\"_ _3\"></span>na alternativa renovab<span class=\"_ _3\"></span>le.<span class=\"_ _65\"> </span>El <span class=\"_ _10\"></span>objetivo <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"> </span>es <span class=\"_ _10\"></span>alcanzar <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>producci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>2 <span class=\"_ _0\"></span>TWh <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _10\"></span>renovable <span class=\"_ _0\"></span>en<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>2030. <span class=\"_ _13\"> </span>Al <span class=\"_ _0\"></span>cier<span class=\"_ _3\"></span>re <span class=\"_ _10\"></span>del ejercicio, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>mantiene <span class=\"_ _0\"></span><span class=\"ls15\">un</span> <span class=\"_ _f\"></span>proyecto <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>operaci\u00f3n, <span class=\"_ _f\"></span>otro <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>fase <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>pu<span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>marcha,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>3 <span class=\"_ _f\"></span>proyecto<span class=\"ls16\">s <span class=\"_ _0\"></span></span>en proceso de construcci\u00f3n que se espera entren en <span class=\"_ _2\"></span>operaci\u00f3n en el segundo trimestre de 2026 <span class=\"ls17\">y </span>2 proyecto en fase de negociaci\u00f3n <span class=\"_ _3\"></span>muy avanzada<span class=\"_ _3\"></span>.  Otros MAGNON <span class=\"_ _f\"></span>est\u00e1 <span class=\"_ _f\"></span>desarrollan<span class=\"_ _3\"></span>do <span class=\"_ _0\"></span>1 <span class=\"_ _f\"></span>proyecto <span class=\"_ _f\"></span>fotovolta<span class=\"_ _3\"></span>ico <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>potencia <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span><span class=\"ls10\">90 <span class=\"_ _f\"></span></span>MW <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>bicado <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>Sevilla <span class=\"_ _f\"></span>cu<span class=\"_ _3\"></span>yo destino, un<span class=\"_ _3\"></span>a vez iniciada su constru<span class=\"_ _3\"></span>cci\u00f3n, es su venta a terceros.<span class=\"_ _3\"></span> Por otro <span class=\"_ _3\"></span>lado, <span class=\"_ _3\"></span>aprov<span class=\"_ _3\"></span>echando s<span class=\"_ _3\"></span>u pos<span class=\"_ _3\"></span>ici\u00f3n de <span class=\"_ _3\"></span>liderazgo en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cadena <span class=\"_ _3\"></span>de v<span class=\"_ _3\"></span>alor de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>biomasa <span class=\"_ _3\"></span>agr\u00edcola y<span class=\"_ _f\"></span> for<span class=\"_ _3\"></span>estal en  Espa\u00f1a,  Magnon  tambi\u00e9n  vende  biomasa  de  proximidad  a<span class=\"_ _2\"></span>  clientes  que<span class=\"_ _3\"></span>  necesiten  este  combustible renovable para d<span class=\"_ _3\"></span>escarbonizar sus operaciones.<span class=\"_ _3\"></span> Asimismo, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>biomasa <span class=\"_ _3\"></span>agr\u00edcol<span class=\"_ _3\"></span>a, <span class=\"_ _3\"></span>forestal<span class=\"_ _3\"></span> y<span class=\"_ _3\"></span> gan<span class=\"_ _3\"></span>adera <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>\u00fanica <span class=\"_ _3\"></span>fuente<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>CO2 <span class=\"_ _3\"></span>biog\u00e9nico, <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue es <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>materia prima necesaria <span class=\"_ _2\"></span>para la <span class=\"_ _d\"></span>pro<span class=\"_ _3\"></span>ducci\u00f3n de <span class=\"_ _d\"></span>combu<span class=\"_ _3\"></span>stibles verdes. <span class=\"_ _2\"></span>El grupo <span class=\"_ _d\"></span>ENCE <span class=\"_ _3\"></span>genera anualmente <span class=\"_ _2\"></span>cerca <span class=\"ls15\">de<span class=\"_ _2\"></span><span class=\"ls0_1\"> 4 Mn<span class=\"_ _2\"></span> </span></span>de <span class=\"_ _0\"></span>toneladas <span class=\"_ _0\"></span>CO2 <span class=\"_ _10\"></span>biog\u00e9nico <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>analizand<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>iabilidad <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>uso <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>prod<span class=\"_ _3\"></span>ucci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>combus<span class=\"_ _3\"></span>tible<span class=\"_ _2\"></span>s verdes en el futuro<span class=\"_ _3\"></span>. Otros- En el Anexo I se relacionan<span class=\"_ _3\"></span> las participad<span class=\"_ _3\"></span>as por Ence En<span class=\"_ _3\"></span>erg\u00eda y Celulosa, S.A. al cierre del <span class=\"_ _3\"></span>ejercicio.<span class=\"_ _3\"></span> La totalidad d<span class=\"_ _3\"></span>e las acciones de la Sociedad<span class=\"_ _3\"></span> Dominante est\u00e1<span class=\"_ _3\"></span>n representadas<span class=\"_ _3\"></span> mediante anotaciones en cu<span class=\"_ _3\"></span>enta y <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>t\u00e1n <span class=\"_ _3\"></span>ad<span class=\"_ _3\"></span>mitidas <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>negociaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>oficial <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Bols<span class=\"_ _3\"></span>as <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Valores <span class=\"_ _f\"></span>Espa\u00f1olas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Sistema <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Interconexi\u00f3n Burs\u00e1til Esp<span class=\"_ _3\"></span>a\u00f1ol (Mercado Continu<span class=\"_ _3\"></span>o). En la <span class=\"_ _2\"></span>p\u00e1gina web <span class=\"_ _2\"></span>www.ence.es pueden consultarse <span class=\"_ _2\"></span>los estatutos sociales <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>otra informaci\u00f3n <span class=\"_ _2\"></span>p\u00fablica de <span class=\"_ _2\"></span>ENCE.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-453": {
   "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": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "calle Est\u00e9banez Calder\u00f3n,  3-5 de Madrid (Espa\u00f1a). En 2024 la  Sociedad  Dominante cambi\u00f3 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": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "(Espa\u00f1a)",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "(Espa\u00f1a)",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "(Espa\u00f1a)",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-452": {
   "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  65.665 hect\u00e1reas,  de  las  que  45.921  son  en  propiedad.  De  ellas,  50.991  hect\u00e1reas son  productivas  y  las 14.674 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 en operaci\u00f3n es de 266 MW de acuerdo con el siguiente detalle: Potencia Vida Ubicaci\u00f3n MW 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 (*) En 2025 la planta ubicada en Huelva con una potencia instalada de 41  MW ha dejado de operar tras finalizar su vida \u00fatil regulatoria. 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. 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  25 proyectos en fase de ingenier\u00eda y tramitaci\u00f3n administrativa, y una planta ya en operaci\u00f3n comercial, adquirida en diciembre de 2024 (v\u00e9ase Nota 6), con una capacidad de 50 GWh de biometano al a\u00f1o, localizada en el municipio de La Galera (Tarragona). Servicios energ\u00e9ticos El Grupo 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, otro en fase de puesta en marcha, 3 proyectos en proceso de construcci\u00f3n que se espera entren en operaci\u00f3n en el segundo trimestre de 2026 y 2 proyecto en fase de negociaci\u00f3n muy avanzada.  Otros MAGNON est\u00e1 desarrollando 1 proyecto fotovoltaico con una potencia de 90 MW ubicado en Sevilla cuyo destino, una vez iniciada su construcci\u00f3n, es su venta a terceros. Por otro lado, aprovechando su posici\u00f3n de liderazgo en la cadena de valor de la biomasa agr\u00edcola y forestal en  Espa\u00f1a,  Magnon  tambi\u00e9n  vende  biomasa  de  proximidad  a  clientes  que  necesiten  este  combustible renovable para descarbonizar sus operaciones. Asimismo, la biomasa agr\u00edcola, forestal y ganadera es la \u00fanica fuente de CO2 biog\u00e9nico, que es una materia prima necesaria para la producci\u00f3n de combustibles verdes. El grupo ENCE genera 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": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "2.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Bases de presentaci\u00f3n y principios de consolidaci<span class=\"_ _2\"></span>\u00f3n </span></span>2.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Bases de presentaci\u00f3n<span class=\"_ _2\"></span>  </span>Las cuentas anuales <span class=\"_ _2\"></span>consolidadas<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _2\"></span>Energ\u00eda y <span class=\"_ _2\"></span>Celulosa, S.A. del <span class=\"_ _2\"></span>ejercicio 2025 se han elaborado <span class=\"_ _2\"></span>a partir de los <span class=\"_ _3\"></span>registros <span class=\"_ _3\"></span>contables <span class=\"_ _3\"></span>y d<span class=\"_ _3\"></span>e las <span class=\"_ _3\"></span>cuentas <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>de dich<span class=\"_ _3\"></span>a so<span class=\"_ _3\"></span>ciedad, y <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>de las <span class=\"_ _3\"></span>sociedad<span class=\"_ _3\"></span>es integrantes <span class=\"_ _3\"></span>del Grupo <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>han <span class=\"_ _13\"> </span>sido <span class=\"_ _13\"> </span>preparadas <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>acuerdo <span class=\"_ _10\"> </span>al  m<span class=\"_ _2\"></span>arco <span class=\"_ _13\"> </span>normativo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>informaci\u00f3n <span class=\"_ _13\"> </span>financiera <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>resulta <span class=\"_ _13\"> </span>de aplicaci\u00f3n <span class=\"_ _3\"></span>y, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>particu<span class=\"_ _3\"></span>lar, de <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>No<span class=\"_ _3\"></span>rmas <span class=\"_ _3\"></span>Internacionales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Informaci\u00f3n <span class=\"_ _3\"></span>Financiera <span class=\"_ _3\"></span>adoptadas por la Uni\u00f3n E<span class=\"_ _3\"></span>uropea (NIIF<span class=\"_ _3\"></span>-UE) conforme a lo disp<span class=\"_ _3\"></span>uesto en el Reglamento (CE) n<span class=\"_ _3\"></span>\u00ba 1606/2002 del Parlam<span class=\"_ _3\"></span>ento y del <span class=\"_ _3\"></span>Consejo E<span class=\"_ _3\"></span>uropeo y<span class=\"_ _3\"></span> dem<span class=\"_ _3\"></span>\u00e1s d<span class=\"_ _3\"></span>isposiciones <span class=\"_ _3\"></span>del marco <span class=\"_ _3\"></span>normativo<span class=\"_ _f\"></span> de infor<span class=\"_ _3\"></span>maci\u00f3n <span class=\"_ _3\"></span>financiera qu<span class=\"_ _3\"></span>e resulta<span class=\"_ _3\"></span> de aplicaci\u00f3n, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>mue<span class=\"_ _3\"></span>stran <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>imagen <span class=\"_ _3\"></span>fiel <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>patrimon<span class=\"_ _3\"></span>io y<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 de <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> lo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>resultados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de s<span class=\"_ _3\"></span>us <span class=\"_ _3\"></span>operaciones, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>patri<span class=\"_ _3\"></span>monio <span class=\"_ _3\"></span>neto <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidados <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>generado <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>du<span class=\"_ _3\"></span>rante <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _0\"></span>anu<span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>terminado <span class=\"_ _0\"></span>en dicha <span class=\"_ _15\"> </span>fecha. <span class=\"_ _15\"> </span>Asimismo, <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>su <span class=\"_ _15\"> </span>preparaci\u00f3n <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>han <span class=\"_ _15\"> </span>considerado <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>requisitos <span class=\"_ _15\"> </span>de <span class=\"_ _16\"> </span>formato <span class=\"_ _15\"> </span>electr\u00f3nico establecidos en el Regla<span class=\"_ _3\"></span>mento Delegado UE 2018/81<span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e la UE.<span class=\"_ _65\"> </span>Las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales <span class=\"_ _10\"></span>consolidadas <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"></span>ejercicio <span class=\"_ _10\"></span>2025 <span class=\"_ _10\"> </span>formuladas<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>Adminis<span class=\"_ _3\"></span>tradores <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> Sociedad <span class=\"_ _2\"></span>Dominante se <span class=\"_ _d\"></span>someter\u00e1n a <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>aprob<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>su Junta <span class=\"_ _d\"></span>General Ordinaria <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>Accionistas,<span class=\"_ _65\"> </span>estim\u00e1ndose que ser\u00e1n<span class=\"_ _3\"></span> aprobad<span class=\"_ _3\"></span>as sin n<span class=\"_ _3\"></span>inguna modificaci\u00f3n. <span class=\"_ _3\"></span>Por su<span class=\"_ _3\"></span> parte, las<span class=\"_ _3\"></span> cuentas <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>consolidadas <span class=\"_ _3\"></span>del Grupo <span class=\"_ _3\"></span>del ejercicio <span class=\"_ _3\"></span>2024 <span class=\"_ _f\"></span>fueron <span class=\"_ _3\"></span>aproba<span class=\"_ _3\"></span>das <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>ccionistas <span class=\"_ _f\"></span>de la <span class=\"_ _f\"></span>Sociedad <span class=\"_ _3\"></span>Dominante <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>3 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>abril de 2025.<span class=\"_ _65\"> </span>Durante <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>incurrido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>explotaci\u00f3n <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>36.926 <span class=\"_ _f\"></span>miles <span class=\"_ _3\"></span>de euros <span class=\"_ _f\"></span>(resultado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>explotaci\u00f3n <span class=\"_ _f\"></span>positivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>63.321 <span class=\"_ _3\"></span>miles <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2024) <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>resultado <span class=\"_ _f\"></span>consolidado <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> ejercicio <span class=\"_ _10\"></span>negativo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>54.457 <span class=\"_ _10\"> </span>miles <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _3\"></span>s <span class=\"_ _10\"></span>(positivo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>31.551 <span class=\"_ _10\"> </span>miles <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>euros <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _10\"> </span>2024). <span class=\"_ _10\"> </span>Ha generado <span class=\"_ _3\"></span>flujos <span class=\"_ _f\"></span>de efectivo <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>explotaci\u00f3n <span class=\"_ _f\"></span>positivos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>50.277 <span class=\"_ _3\"></span>miles <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>euros <span class=\"_ _f\"></span>(positivos d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>78.599 <span class=\"_ _f\"></span>miles <span class=\"_ _3\"></span>de euros en <span class=\"_ _3\"></span>2024), si <span class=\"_ _3\"></span>bien es<span class=\"_ _3\"></span>tos no han <span class=\"_ _3\"></span>sido su<span class=\"_ _3\"></span>ficientes para hacer frente <span class=\"_ _3\"></span>a los<span class=\"_ _3\"></span> pasiv<span class=\"_ _3\"></span>os f<span class=\"_ _3\"></span>inancieros <span class=\"_ _3\"></span>a corto<span class=\"_ _3\"></span> plazo por <span class=\"_ _f\"></span>lo <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>dicie<span class=\"_ _3\"></span>mbre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>20<span class=\"_ _3\"></span>25 <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _f\"></span>presenta<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>fondo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>maniob<span class=\"_ _3\"></span>ra <span class=\"_ _f\"></span>negat<span class=\"_ _3\"></span>ivo <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>de 47.702 <span class=\"_ _13\"> </span>miles <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>euros.  Los <span class=\"_ _13\"> </span>Administradores  han <span class=\"_ _13\"> </span>formulado <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>presentes <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>anuales <span class=\"_ _13\"> </span>consolidadas atendiendo al principio de empresa en funcionamiento teniendo en consideraci\u00f3n que el Grupo gener\u00f3 en e<span class=\"_ _2\"></span>l ejercicio <span class=\"_ _10\"> </span>2025 <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>flujo <span class=\"_ _10\"> </span>de<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>caja <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>explotaci\u00f3n <span class=\"_ _10\"></span>positivo <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>importe <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>50,3 <span class=\"_ _10\"></span>millones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>euros <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"> </span>las previsiones de caja en 2026 se estiman igualmente flujos de caja positivos y <span class=\"_ _3\"></span>superiores al fondo de maniobra negativo. As<span class=\"_ _3\"></span>imismo, en <span class=\"_ _3\"></span>la ev<span class=\"_ _3\"></span>aluaci\u00f3n <span class=\"_ _3\"></span>de esta <span class=\"_ _3\"></span>situaci\u00f3n<span class=\"_ _3\"></span> debe con<span class=\"_ _3\"></span>siderarse q<span class=\"_ _3\"></span>ue el <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>dispone <span class=\"_ _3\"></span>de<span class=\"_ _f\"></span> l\u00edneas <span class=\"_ _3\"></span>de cr\u00e9dito por importe de <span class=\"_ _2\"></span>150 millones de euros<span class=\"ls14\">, </span>con vencimientos<span class=\"_ _3\"></span> establecidos para los ejerci<span class=\"_ _2\"></span>cios 2030 y 2031, y que se encontraban totalmente disponibles al 31 <span class=\"_ _2\"></span>de diciembre <span class=\"_ _2\"></span>de 2025 <span class=\"ls18\">(v</span>\u00e9ase Nota 28.1). Por otro lado<span class=\"ls19\">, e<span class=\"ls1a\">n </span></span>enero <span class=\"_ _2\"></span>de 2026 <span class=\"_ _d\"></span>el Grupo <span class=\"_ _2\"></span>ha incorporado un <span class=\"_ _d\"></span>programa de <span class=\"_ _2\"></span>bonos<span class=\"_ _3\"></span> por <span class=\"_ _d\"></span>importe m\u00e1ximo de <span class=\"_ _d\"></span>20<span class=\"_ _3\"></span>0 <span class=\"_ _2\"></span>millones de <span class=\"_ _2\"></span>euros con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>suscrito <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>fech<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>for<span class=\"_ _3\"></span>mulaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>an<span class=\"_ _3\"></span>uales <span class=\"_ _10\"> </span>consolidad<span class=\"_ _3\"></span>as <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>85 <span class=\"_ _f\"></span>millon<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e euros (v\u00e9ase N<span class=\"_ _3\"></span>ota 36). En <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>nota <span class=\"_ _10\"> </span>3 <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>resumen <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>ol\u00edticas <span class=\"_ _10\"> </span>contables <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>criterios<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valoraci\u00f3n <span class=\"_ _10\"> </span>m\u00e1s <span class=\"_ _10\"> </span>significativ<span class=\"_ _3\"></span>os <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>han <span class=\"_ _10\"> </span>sido aplicados en la<span class=\"_ _3\"></span> elaboraci\u00f3n de estas<span class=\"_ _3\"></span> cuentas anuales con<span class=\"_ _3\"></span>solidadas.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>Euro <span class=\"_ _d\"></span>es<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la m<span class=\"_ _2\"></span>oneda <span class=\"_ _2\"></span>funcional <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>presentaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de la <span class=\"_ _d\"></span>Sociedad <span class=\"_ _2\"></span>Dominante. <span class=\"_ _2\"></span>Las <span class=\"_ _2\"></span>cuentas <span class=\"_ _2\"></span>anuales <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>solidadas se expresan por <span class=\"_ _3\"></span>tanto en euros.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> 2.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Principios de consolida<span class=\"_ _2\"></span>ci\u00f3n<span class=\"_ _65\"> </span></span><span class=\"fc2\"> </span>En el Anexo I<span class=\"_ _2\"></span> se <span class=\"_ _2\"></span>incluye un detalle<span class=\"_ _2\"></span> de las <span class=\"_ _2\"></span>sociedades dependientes, negocios conjuntos y asociadas de <span class=\"_ _2\"></span>ENCE, as\u00ed como el m\u00e9todo d<span class=\"_ _3\"></span>e consolidaci\u00f3n o<span class=\"_ _3\"></span> valoraci\u00f3n ap<span class=\"_ _3\"></span>licado y otra informaci\u00f3n referente <span class=\"_ _3\"></span>a las mismas.<span class=\"_ _f\"></span> Sociedades dependien<span class=\"_ _3\"></span>tes Se <span class=\"_ _13\"> </span>consideran  sociedades <span class=\"_ _13\"> </span>dependientes <span class=\"_ _13\"> </span>aquellas  sobre <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>ENCE, <span class=\"_ _13\"> </span>directa <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>indirectamente, <span class=\"_ _13\"> </span>ejerce control. <span class=\"_ _2\"></span>Dicho <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>trol <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>mani<span class=\"_ _3\"></span>fiesta, <span class=\"_ _d\"></span>en ge<span class=\"_ _2\"></span>neral <span class=\"_ _2\"></span>aunque <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>\u00fanicamente, <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>la propiedad, <span class=\"_ _2\"></span>directa <span class=\"_ _d\"></span>o indirecta, de al <span class=\"_ _3\"></span>menos <span class=\"_ _3\"></span>el 50<span class=\"_ _3\"></span>% o <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> derechos <span class=\"_ _3\"></span>pol\u00edt<span class=\"_ _3\"></span>icos <span class=\"_ _3\"></span>de las <span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>tidades <span class=\"_ _3\"></span>participadas. <span class=\"_ _f\"></span>El Grupo E<span class=\"_ _3\"></span>NCE cons<span class=\"_ _3\"></span>idera que <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>el contro<span class=\"_ _3\"></span>l en <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>sociedad <span class=\"_ _3\"></span>cuando <span class=\"_ _3\"></span>posee <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>sustantivos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>le pro<span class=\"_ _3\"></span>porcionan la capacid<span class=\"_ _3\"></span>ad de <span class=\"_ _3\"></span>dirigir las <span class=\"_ _3\"></span>actividades <span class=\"_ _3\"></span>relevantes y <span class=\"_ _3\"></span>est\u00e1 expuesto<span class=\"_ _3\"></span>, o <span class=\"_ _3\"></span>tiene derecho, <span class=\"_ _3\"></span>a rendim<span class=\"_ _f\"></span>ientos variab<span class=\"_ _3\"></span>les procedentes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>implicaci\u00f3n <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>capacidad <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>influir <span class=\"_ _f\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>rendimientos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>v\u00e9s de su pod<span class=\"_ _3\"></span>er sobre esta<span class=\"ff6\">. Es<span class=\"_ _3\"></span>tas sociedades se han con<span class=\"_ _3\"></span>solidado por el m\u00e9todo de \u201cIntegraci<span class=\"_ _3\"></span>\u00f3n Global\u201d.<span class=\"_ _3\"></span></span> Los <span class=\"_ _f\"></span>ingresos, <span class=\"_ _f\"></span>gastos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>flujos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>dependientes <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>incluyen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>cuentas <span class=\"_ _f\"></span>anuales consolidadas <span class=\"_ _0\"></span>desd<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>aquella, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>obtiene <span class=\"_ _0\"></span>efectivamente <span class=\"_ _0\"></span>el control de las mis<span class=\"_ _3\"></span>mas. Las entidad<span class=\"_ _3\"></span>es dependie<span class=\"_ _3\"></span>ntes se excluy<span class=\"_ _3\"></span>en de la consolidaci\u00f3n<span class=\"_ _3\"></span> desde la fecha <span class=\"_ _3\"></span>en la que se pierde el control so<span class=\"_ _3\"></span>bre ellas.<span class=\"_ _3\"></span> Las <span class=\"_ _0\"></span>particip<span class=\"_ _3\"></span>aciones <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>ominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>equivalente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roporcional <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>netos <span class=\"_ _3\"></span>identificables <span class=\"_ _f\"></span>reconocidos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>fecha d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>toma <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>control. Las <span class=\"_ _10\"></span>participaciones <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>dominan<span class=\"_ _3\"></span>tes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>sociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _3\"></span>e presentan b<span class=\"_ _3\"></span>ajo la denominaci\u00f3n d<span class=\"_ _3\"></span>e \u201cIntereses min<span class=\"_ _3\"></span>oritarios\u201d, dentro<span class=\"_ _3\"></span> del cap\u00edtulo \u201cPatrimonio <span class=\"_ _10\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Fina<span class=\"_ _3\"></span>nciera <span class=\"_ _0\"></span>consolidad<span class=\"_ _3\"></span>o, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _f\"></span><span class=\"ff3\">Resultado <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uido <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _3\"></span>el Estado d<span class=\"_ _3\"></span>e Resultado conso<span class=\"_ _3\"></span>lidado.<span class=\"_ _65\"> </span>Los cambio<span class=\"_ _3\"></span>s en <span class=\"_ _3\"></span>la particip<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>sociedad <span class=\"_ _3\"></span>dependiente <span class=\"_ _3\"></span>que no <span class=\"_ _3\"></span>dan <span class=\"_ _3\"></span>lugar a <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>de contro<span class=\"_ _3\"></span>l se contabilizan <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>transacciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>patrimonio, <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>decir, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>cualquier <span class=\"_ _10\"></span>resultado <span class=\"_ _10\"></span>obtenido <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>reconoce directamente en el patrimoni<span class=\"_ _3\"></span>o.  Cuando <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>produce <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>contro<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>baja <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y pasivos, <span class=\"_ _10\"> </span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>otros <span class=\"_ _10\"> </span>compon<span class=\"_ _3\"></span>entes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>cualqu<span class=\"_ _3\"></span>ier <span class=\"_ _10\"></span>participaci\u00f3n <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>dominante <span class=\"_ _10\"></span>que pudiera existir. <span class=\"_ _2\"></span>Las plusval\u00edas <span class=\"_ _d\"></span>o minusval\u00edas resultantes se r<span class=\"_ _2\"></span>econocen e<span class=\"_ _2\"></span>n el <span class=\"_ _2\"></span>Estado de <span class=\"_ _2\"></span>Resultado con<span class=\"_ _2\"></span>solidado. Las <span class=\"_ _f\"></span>participaciones <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>mantengan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>filiales <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>hubiera <span class=\"_ _3\"></span>perdido <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>control <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>valoran por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>valor razo<span class=\"_ _3\"></span>nable en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>circunstancia <span class=\"_ _3\"></span>hubiera <span class=\"_ _3\"></span>tenido <span class=\"_ _3\"></span>lugar, s<span class=\"_ _3\"></span>iendo<span class=\"_ _f\"></span> \u00e9ste <span class=\"_ _3\"></span>el valor <span class=\"_ _3\"></span>de coste a efectos de su<span class=\"_ _3\"></span> valoraci\u00f3n pos<span class=\"_ _3\"></span>terior.<span class=\"_ _65\"> </span>Operaciones conjuntas<span class=\"_ _3\"></span> En aquellos casos en lo<span class=\"_ _2\"></span>s que se<span class=\"_ _2\"></span> gestiona con terceros una o<span class=\"_ _2\"></span>peraci\u00f3n conjunta, y se conclu<span class=\"_ _2\"></span>ye que el part\u00edcipe<span class=\"_ _2\"></span> tiene <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>erechos <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>bligaciones <span class=\"_ _0\"></span>directas <span class=\"_ _0\"></span>por <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>parte <span class=\"_ _0\"></span>prop<span class=\"_ _3\"></span>orcional <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>acuerdo, <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e<span class=\"_ _65\"> </span>reconoce <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales <span class=\"_ _10\"></span>consolida<span class=\"_ _3\"></span>das <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>activos, <span class=\"_ _10\"></span>pasivos, <span class=\"_ _10\"></span>ingresos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>gastos <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>acuerdo <span class=\"_ _10\"> </span>con <span class=\"_ _10\"></span>su participaci\u00f3n <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>operaci\u00f3n <span class=\"_ _3\"></span>conjunta<span class=\"_ _3\"></span>. Las <span class=\"_ _3\"></span>sociedades <span class=\"_ _3\"></span>integradas <span class=\"_ _3\"></span>por es<span class=\"_ _3\"></span>te m\u00e9todo s<span class=\"_ _3\"></span>e in<span class=\"_ _3\"></span>cluyen en <span class=\"_ _3\"></span>el Anexo<span class=\"_ _3\"></span> I.<span class=\"ls0_1\"> </span>Inversiones registradas po<span class=\"_ _3\"></span>r el m\u00e9todo de <span class=\"_ _3\"></span>la participaci\u00f3n <span class=\"_ _3\"></span> Las <span class=\"_ _2\"></span>inversiones <span class=\"_ _2\"></span>registradas <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el m\u00e9todo <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>participaci\u00f3n incluyen <span class=\"_ _d\"></span>las <span class=\"_ _2\"></span>inversiones <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>empresas <span class=\"_ _2\"></span>asociadas, as\u00ed como en negocios co<span class=\"_ _3\"></span>njuntos (acu<span class=\"_ _3\"></span>erdos conjuntos q<span class=\"_ _3\"></span>ue dan derecho a los a<span class=\"_ _3\"></span>ctivos netos del acuerdo).<span class=\"_ _f\"></span> Se <span class=\"_ _2\"></span>consideran asociadas<span class=\"_ _3\"></span> aquellas <span class=\"_ _2\"></span>sociedades sobre las <span class=\"_ _2\"></span>que ENCE, <span class=\"_ _2\"></span>directa o <span class=\"_ _2\"></span>indirectamente, ejerce influencia significativa. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>influencia <span class=\"_ _3\"></span>significativa <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>poder <span class=\"_ _3\"></span>de in<span class=\"_ _3\"></span>tervenir en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>decisiones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pol\u00edtica <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de explotaci\u00f3n d<span class=\"_ _3\"></span>e una <span class=\"_ _3\"></span>entidad, s<span class=\"_ _3\"></span>in q<span class=\"_ _3\"></span>ue s<span class=\"_ _3\"></span>uponga la <span class=\"_ _3\"></span>existencia de con<span class=\"_ _3\"></span>trol o <span class=\"_ _3\"></span>de contro<span class=\"_ _3\"></span>l conjun<span class=\"_ _3\"></span>to sobre <span class=\"_ _3\"></span>la misma. Generalmente v<span class=\"_ _3\"></span>iene acompa\u00f1<span class=\"_ _3\"></span>ado p<span class=\"_ _3\"></span>or una participaci\u00f3<span class=\"_ _3\"></span>n de entre <span class=\"_ _3\"></span>un 20% <span class=\"_ _3\"></span>y un <span class=\"_ _3\"></span>50% de los <span class=\"_ _3\"></span>derechos d<span class=\"_ _3\"></span>e voto<span class=\"_ _3\"></span> de la entidad. Las <span class=\"_ _f\"></span>inversiones <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>entidades <span class=\"_ _3\"></span>asociadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>inversiones <span class=\"_ _f\"></span>en n<span class=\"_ _3\"></span>egocios <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>juntos <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo de la <span class=\"_ _3\"></span>participaci\u00f3n <span class=\"_ _3\"></span>desde la fecha <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>que se <span class=\"_ _3\"></span>ejerce influencia <span class=\"_ _3\"></span>significativa, <span class=\"_ _3\"></span>o bien, el <span class=\"_ _3\"></span>control <span class=\"_ _3\"></span>conjunto. En este sentido, esta<span class=\"_ _3\"></span>s inversiones se re<span class=\"_ _3\"></span>conocen inicialmente p<span class=\"_ _3\"></span>or su coste d<span class=\"_ _3\"></span>e adquisici\u00f3n. El <span class=\"_ _3\"></span>exceso <span class=\"_ _3\"></span>entre <span class=\"_ _f\"></span>el coste <span class=\"_ _f\"></span>de la <span class=\"_ _f\"></span>inversi\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>porcentaje <span class=\"_ _3\"></span>correspon<span class=\"_ _3\"></span>diente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>razo<span class=\"_ _3\"></span>nables de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _3\"></span>netos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>identificables <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>fond<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>comercio, <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluy<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el valor <span class=\"_ _f\"></span>contable de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>invers<span class=\"_ _3\"></span>i\u00f3n. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>defecto, <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>eva<span class=\"_ _3\"></span>lu<span class=\"_ _3\"></span>ados <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>importes<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>identificaci\u00f3n <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> valoraci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>activ<span class=\"_ _3\"></span>os <span class=\"_ _13\"> </span>net<span class=\"_ _2\"></span>os <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>asociad<span class=\"_ _3\"></span>a, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>registr<span class=\"_ _2\"></span>a <span class=\"_ _13\"> </span>como <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>greso <span class=\"_ _10\"> </span>en  la <span class=\"_ _10\"> </span>determinaci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la participaci\u00f3n del inv<span class=\"_ _3\"></span>ersor en los resulta<span class=\"_ _3\"></span>dos de la asociada del ejercicio en que s<span class=\"_ _3\"></span>e ha<span class=\"_ _3\"></span> adqu<span class=\"_ _3\"></span>irido. La particip<span class=\"_ _3\"></span>aci\u00f3n del <span class=\"_ _3\"></span>Grupo en los <span class=\"_ _3\"></span>beneficios o <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de las entidad<span class=\"_ _3\"></span>es asociadas <span class=\"_ _3\"></span>obtenidas <span class=\"_ _3\"></span>desde la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"_ _2\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"_ _f\"></span>\"Resultado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _f\"></span>integradas <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n\" <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Resultado consolidado<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>Las <span class=\"_ _3\"></span>dis<span class=\"_ _3\"></span>tribuciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dividendos <span class=\"_ _f\"></span>se registra<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>minoraciones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>inversiones. Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos c<span class=\"_ _3\"></span>ambios en el patrimonio<span class=\"_ _3\"></span> neto de estas s<span class=\"_ _3\"></span>ociedades que no se han<span class=\"_ _3\"></span> reconocido en sus resultad<span class=\"_ _3\"></span>os.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Conversi\u00f3n de esta<span class=\"_ _3\"></span>dos financieros<span class=\"_ _3\"></span> Los res<span class=\"_ _3\"></span>ultados y la <span class=\"_ _3\"></span>posici\u00f3n <span class=\"_ _3\"></span>financiera de <span class=\"_ _3\"></span>todas <span class=\"_ _3\"></span>las entidades <span class=\"_ _3\"></span>del Grupo <span class=\"_ _3\"></span>cuya <span class=\"_ _3\"></span>moneda funcional <span class=\"_ _3\"></span>sea dis<span class=\"_ _3\"></span>tinta de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>moneda <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>presentaci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>convierten <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>euro <span class=\"_ _f\"></span>del <span class=\"_ _10\"></span>siguiente <span class=\"_ _0\"></span>modo; <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasiv<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de cambio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cierre en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>Situaci\u00f3n <span class=\"_ _3\"></span>Financiera, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de cambio<span class=\"_ _3\"></span> h<span class=\"_ _3\"></span>ist\u00f3rico, <span class=\"_ _3\"></span>y<span class=\"_ _65\"> </span>los ingresos y gastos <span class=\"_ _2\"></span>al tipo de<span class=\"_ _2\"></span> cambio medio del <span class=\"_ _2\"></span>periodo de devengo. Las dife<span class=\"_ _2\"></span>rencias de cambio <span class=\"_ _2\"></span>resultantes se <span class=\"_ _3\"></span>reconocen <span class=\"_ _3\"></span>en \u201c<span class=\"_ _3\"></span>Otro <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>Global\u201d, y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>imputar\u00e1n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cuenta d<span class=\"_ _3\"></span>e resulta<span class=\"_ _3\"></span>dos en <span class=\"_ _3\"></span>el periodo<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>que se lleve a cabo la enaj<span class=\"_ _3\"></span>enaci\u00f3n de la inver<span class=\"_ _3\"></span>si\u00f3n.  Las sociedad<span class=\"_ _3\"></span>es del Grupo no se ubican<span class=\"_ _3\"></span> en pa\u00edses de econo<span class=\"_ _3\"></span>m\u00eda h<span class=\"_ _3\"></span>iperinflacionaria.<span class=\"_ _65\"> </span> Homogeneizaci\u00f3n y otros<span class=\"_ _3\"></span> La consolidaci\u00f3n de las entidades que conforman el <span class=\"_ _2\"></span>per\u00edmetro de consolidaci\u00f3n<span class=\"_ _3\"></span> ha sido re<span class=\"_ _2\"></span>alizada a partir de sus cuentas <span class=\"_ _2\"></span>anuales indivi<span class=\"_ _2\"></span>duales <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>son preparadas <span class=\"_ _2\"></span>conforme <span class=\"_ _2\"></span>al Plan <span class=\"_ _d\"></span>G<span class=\"_ _3\"></span>eneral <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>Contabi<span class=\"_ _3\"></span>lidad <span class=\"_ _2\"></span>Espa\u00f1o<span class=\"_ _3\"></span>l <span class=\"_ _2\"></span>para aquellas <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _16\"> </span>residentes <span class=\"_ _15\"> </span>e<span class=\"_ _2\"></span>n <span class=\"_ _16\"> </span>Es<span class=\"_ _3\"></span>pa\u00f1a <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>con<span class=\"_ _3\"></span>forme <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>su <span class=\"_ _16\"> </span>p<span class=\"_ _3\"></span>ropia <span class=\"_ _16\"> </span>normativ<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>local <span class=\"_ _16\"> </span>para <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>resto<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de participadas.  Las p<span class=\"_ _3\"></span>ol\u00edticas con<span class=\"_ _3\"></span>tables de las<span class=\"_ _3\"></span> sociedades <span class=\"_ _3\"></span>dependientes <span class=\"_ _3\"></span>se han <span class=\"_ _3\"></span>adaptado a <span class=\"_ _3\"></span>las po<span class=\"_ _3\"></span>l\u00edticas contables <span class=\"_ _3\"></span>del Grupo. As\u00ed <span class=\"_ _2\"></span>mismo, <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>cuentas <span class=\"_ _2\"></span>anuales <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>esta<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>sociedades<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>dependientes <span class=\"_ _2\"></span>utilizados en <span class=\"_ _d\"></span>el proceso<span class=\"_ _2\"></span> de <span class=\"_ _3\"></span>consolidaci\u00f3n <span class=\"_ _3\"></span>est\u00e1n<span class=\"_ _3\"></span> ref<span class=\"_ _3\"></span>eridos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>isma <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pres<span class=\"_ _3\"></span>entaci\u00f3n, <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>mismo <span class=\"_ _3\"></span>period<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>que los de la Sociedad d<span class=\"_ _3\"></span>ominante. En el <span class=\"_ _3\"></span>proceso <span class=\"_ _3\"></span>de consolida<span class=\"_ _3\"></span>ci\u00f3n, <span class=\"_ _3\"></span>las tra<span class=\"_ _3\"></span>nsacciones <span class=\"_ _3\"></span>y saldos<span class=\"_ _3\"></span> mantenidos <span class=\"_ _3\"></span>entre sociedad<span class=\"_ _3\"></span>es d<span class=\"_ _3\"></span>ependientes y <span class=\"_ _3\"></span>los beneficios o p\u00e9rdidas<span class=\"_ _3\"></span> no realizados h<span class=\"_ _3\"></span>an sido eliminados.<span class=\"_ _3\"></span> Los tra<span class=\"_ _3\"></span>bajos <span class=\"_ _3\"></span>efectuados po<span class=\"_ _3\"></span>r el Grup<span class=\"_ _3\"></span>o para <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>propio <span class=\"_ _3\"></span>inmovilizado se <span class=\"_ _3\"></span>reconocen por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>coste de <span class=\"_ _3\"></span>producci\u00f3n elimin\u00e1ndose los resu<span class=\"_ _3\"></span>ltados intragrupo.<span class=\"_ _3\"></span> En la <span class=\"_ _2\"></span>Nota 6 <span class=\"_ _2\"></span>se presentan <span class=\"_ _2\"></span>los cambios habidos en <span class=\"_ _2\"></span>los ejercicios 2025 y <span class=\"_ _2\"></span>2024 en <span class=\"_ _2\"></span>el conjunto de <span class=\"_ _2\"></span>las sociedades consolidadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _f\"></span>integraci\u00f3n <span class=\"_ _f\"></span>global <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>correspondientes <span class=\"_ _f\"></span>notas <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> esta Memoria consolidada, bajo el t\u00edtulo \u201cVariaciones del <span class=\"_ _2\"></span>per\u00edmetro\u201d, se muestran los efectos relevantes de las incorpora<span class=\"_ _3\"></span>ciones y salidas de sociedad<span class=\"_ _3\"></span>es en el per\u00edmetro <span class=\"_ _3\"></span>de consolidaci\u00f3n.<span class=\"_ _65\"> </span> <span class=\"_ _3\"></span> 2.3<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Comparaci\u00f3n de la infor<span class=\"_ _2\"></span>maci\u00f3n y estac<span class=\"_ _2\"></span>ionalidad de l<span class=\"_ _2\"></span>as </span>transacciones La <span class=\"_ _10\"> </span>informaci\u00f3n <span class=\"_ _10\"> </span>contenida <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>esta <span class=\"_ _10\"> </span>memoria <span class=\"_ _10\"></span>referida <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>ejercicio <span class=\"_ _0\"></span>202<span class=\"_ _f\"></span>4 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>presenta <span class=\"_ _10\"></span>\u00fanicamente <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>efecto<span class=\"_ _3\"></span>s comparativos. <span class=\"_ _13\"> </span>Asimismo, <span class=\"_ _10\"> </span>dicha <span class=\"_ _13\"> </span>informaci\u00f3n <span class=\"_ _10\"> </span>comparativ<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _13\"> </span>2024 <span class=\"_ _13\"> </span>coincide <span class=\"_ _10\"> </span>con <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>informaci\u00f3n recogida en las cuentas<span class=\"_ _3\"></span> anuales con<span class=\"_ _3\"></span>solidadas<span class=\"_ _3\"></span> del ejercicio 2024. A <span class=\"_ _16\"> </span>efectos <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>comparabilidad <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>deben <span class=\"_ _16\"> </span>tener <span class=\"_ _16\"> </span>en  con<span class=\"_ _3\"></span>sideraci\u00f3n, <span class=\"_ _16\"> </span>principalmente, <span class=\"_ _16\"> </span>las <span class=\"_ _19\"> </span>variaciones <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>el per\u00edmetro de conso<span class=\"_ _3\"></span>lidaci\u00f3n detalladas<span class=\"_ _3\"></span> en la Nota 6.<span class=\"_ _3\"></span> Dadas las actividades a <span class=\"_ _2\"></span>las que<span class=\"_ _2\"></span> se <span class=\"_ _2\"></span>dedican las <span class=\"_ _2\"></span>sociedades del Grupo, <span class=\"_ _2\"></span>las transacciones del mismo <span class=\"_ _d\"></span>n<span class=\"_ _3\"></span>o cuentan con <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>car\u00e1<span class=\"_ _3\"></span>cter <span class=\"_ _0\"></span>estacional. <span class=\"_ _10\"> </span>No <span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>bstante, <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>actividades <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>producci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>celul\u00f3sica <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>generaci\u00f3n energ\u00eda <span class=\"_ _3\"></span>renovab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>requieren <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>aradas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>eriodos <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>oscilan <span class=\"_ _3\"></span>entre <span class=\"_ _f\"></span>10 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>15 <span class=\"_ _f\"></span>d\u00edas <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>efectuar <span class=\"_ _3\"></span>labores de mantenimiento. <span class=\"_ _3\"></span> 2.4<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Principales decisiones <span class=\"_ _2\"></span>relativas a las<span class=\"_ _2\"></span> NIIF </span>En <span class=\"ls0_1\">relaci\u00f3n con<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>presentaci\u00f3n <span class=\"_ _3\"></span>de las <span class=\"_ _3\"></span>cuentas <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>consolidadas y<span class=\"_ _3\"></span> resto de <span class=\"_ _3\"></span>informaci\u00f3n <span class=\"_ _3\"></span>contenida <span class=\"_ _3\"></span>en la </span>memoria  consolidada,  el <span class=\"_ _13\"> </span>Grupo  adopt\u00f3  las <span class=\"_ _13\"> </span>siguientes  decisiones;  1) <span class=\"_ _13\"> </span>el  Estado  de <span class=\"_ _13\"> </span>Situaci\u00f3n  Financiera consolidado <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>presenta <span class=\"_ _3\"></span>distinguiend<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>partid<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>corrientes <span class=\"_ _3\"></span>(corto <span class=\"_ _f\"></span>plazo) <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>corrientes <span class=\"_ _3\"></span>(largo <span class=\"_ _f\"></span>plazo), 2) <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>Esta<span class=\"_ _3\"></span>do <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Resu<span class=\"_ _3\"></span>ltado <span class=\"_ _10\"> </span>consolidado <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>presenta <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>naturaleza, <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>3) <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Flujos <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>Efectivo consolidado s<span class=\"_ _3\"></span>e presenta siguiendo el m\u00e9todo in<span class=\"_ _3\"></span>directo.<span class=\"_ _65\"> </span>2.5<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Cambios en estimacion<span class=\"_ _2\"></span>es y pol\u00edticas <span class=\"_ _2\"></span>contables y <span class=\"_ _2\"></span>correcci\u00f3n de </span>errores fundamenta<span class=\"_ _2\"></span>les El <span class=\"_ _10\"></span>efecto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cualquier <span class=\"_ _10\"></span>cambio <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>estimaciones <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>tables <span class=\"_ _0\"></span>se <span class=\"_ _10\"> </span>registra <span class=\"_ _10\"></span>prospectivamente, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>mismo apartado <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>solidado <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>encuentra <span class=\"_ _10\"> </span>registrado <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>gas<span class=\"_ _3\"></span>to <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>ingreso <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> estimaci\u00f3n anterior. <span class=\"_ _3\"></span> Por <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>parte, <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>cambios <span class=\"_ _10\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>pol\u00edticas <span class=\"_ _10\"></span>contables <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>correcci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>errores <span class=\"_ _0\"></span>fun<span class=\"_ _3\"></span>damentales <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>registran <span class=\"_ _10\"></span>del siguiente modo <span class=\"_ _2\"></span>siempre que <span class=\"_ _2\"></span>su impacto <span class=\"_ _2\"></span>sea significativo; e<span class=\"_ _2\"></span>l efecto <span class=\"_ _2\"></span>acumulado al inicio <span class=\"_ _2\"></span>del ejercicio <span class=\"_ _2\"></span>se ajusta en <span class=\"_ _3\"></span>el ep\u00edgrafe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>reservas <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>efecto de<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>propio <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>consolidado del ejercicio. En estos casos se re-expresan los datos financieros del ejercicio comparativo<span class=\"_ _3\"></span> presentado junto al ejercicio en curso.<span class=\"_ _3\"></span> Al <span class=\"_ _d\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _d\"></span>y 2024 <span class=\"_ _d\"></span>no <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>h<span class=\"_ _3\"></span>an <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _2\"></span>cambios <span class=\"_ _2\"></span>significativos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ol\u00edticas <span class=\"_ _2\"></span>contables, <span class=\"_ _2\"></span>excepto por los efectos de lo <span class=\"_ _2\"></span>indicado en la nota 2.6 <span class=\"_ _2\"></span>siguiente, ni ha <span class=\"_ _2\"></span>sido necesario efectuar correcciones de e<span class=\"_ _2\"></span>rrores<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>2.6<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Normas e interpretacion<span class=\"_ _2\"></span>es efectivas en el presente p<span class=\"_ _2\"></span>er\u00edodo  </span>Las pol\u00edticas co<span class=\"_ _3\"></span>ntables utilizad<span class=\"_ _3\"></span>as en la preparaci\u00f3n<span class=\"_ _3\"></span> de estas<span class=\"_ _3\"></span> Cuentas a<span class=\"_ _3\"></span>nuales conso<span class=\"_ _3\"></span>lidadas coinciden con <span class=\"_ _3\"></span>las utilizadas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _10\"> </span>an<span class=\"_ _3\"></span>ual <span class=\"_ _10\"> </span>terminad<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>el <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=\"_ _f\"></span>4, <span class=\"_ _10\"></span>excepto <span class=\"_ _10\"></span>por <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>aplicaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>las siguientes normas <span class=\"_ _2\"></span>emitidas <span class=\"_ _2\"></span>por e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>IASB (International <span class=\"_ _2\"></span>Accountin<span class=\"_ _3\"></span>g <span class=\"_ _2\"></span>Standards Board) <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>adoptadas por <span class=\"_ _d\"></span>la Uni\u00f3n Europea para <span class=\"_ _3\"></span>su aplicaci\u00f3n en Euro<span class=\"_ _3\"></span>pa a partir del 1 de enero de 202<span class=\"_ _3\"></span>5:<span class=\"_ _3\"></span> <table class=\"s w29d h15d\" id=\"_eb22176d-7ebe-48a8-9feb-4a2ed753c83a\"><tr><td class=\"c x203 yfce w2c h46\"><div class=\"t_1 m0_1 x8 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Norma </div></td><td class=\"c x204 yfce w2d h46\"><div class=\"t_1 m0_1 x72 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Contenido </div></td></tr><tr><td class=\"c x1ca yfd0 w29e h15e\"><div class=\"t_1 m0_1 x1c9 h8_1 yfcf ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones y/o interp<span class=\"_ _3\"></span>retaciones<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca yfd3 w29f h15f\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd1 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">aplicables a partir del 1 de<span class=\"_ _3\"></span> enero de 202<span class=\"_ _3\"></span>5-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 21. Au<span class=\"_ _3\"></span>sencia de<span class=\"_ _65\"> </span></div></td><td class=\"c x205 yfd3 w2a0 h160\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta modificaci\u00f3n esta<span class=\"_ _3\"></span>blece un<span class=\"_ _3\"></span> enfoque que esp<span class=\"_ _3\"></span>ecifica cuand<span class=\"_ _3\"></span>o una moneda<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfd4 w2a1 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">convertibilidad<span class=\"_ _65\"> </span></div></td><td class=\"c x205 yfd4 w2a2 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">puede <span class=\"_ _f\"></span>ser <span class=\"_ _f\"></span>intercambiada <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>otra, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>caso <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>serlo, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>determinaci\u00f3n<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x205 yfd5 w2a3 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">del tipo de cambio a u<span class=\"_ _3\"></span>tilizar.<span class=\"_ _65\"> </span></div></td></tr></table>Ninguna de <span class=\"_ _d\"></span>estas<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>normas, <span class=\"_ _2\"></span>interpretaciones y <span class=\"_ _d\"></span>modificacion<span class=\"_ _3\"></span>es <span class=\"_ _2\"></span>ha sido <span class=\"_ _d\"></span>ap<span class=\"_ _3\"></span>licada <span class=\"_ _2\"></span>anticipadamente. <span class=\"_ _2\"></span>La aplicaci\u00f3n de <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>normas, <span class=\"_ _f\"></span>interpretacion<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>modificaciones <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>tenido <span class=\"_ _f\"></span>impactos <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ignificativos <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>esta<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>Cuentas Anuales Consolida<span class=\"_ _3\"></span>das. 2.7<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Normas e interpretacion<span class=\"_ _2\"></span>es emitidas no vigente<span class=\"_ _2\"></span>s  </span>A  la  fecha  de <span class=\"_ _13\"> </span>formulaci\u00f3n  de  estas  cuentas  anuales  con<span class=\"_ _2\"></span>solidadas<span class=\"_ _3\"></span>,  las <span class=\"_ _13\"> </span>normas  e  interpretaciones  m\u00e1s significativas <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>hab<span class=\"_ _3\"></span>\u00edan <span class=\"_ _3\"></span>sido p<span class=\"_ _3\"></span>ublicadas <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>IASB, <span class=\"_ _3\"></span>pero <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>hab\u00edan <span class=\"_ _3\"></span>entrad<span class=\"_ _3\"></span>o a\u00fa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigor, bien <span class=\"_ _3\"></span>porq<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>no han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porqu<span class=\"_ _3\"></span>e su fecha de efectividad es posterior a la fecha de formulaci\u00f3n, son<span class=\"_ _3\"></span>:<table class=\"s w2a4 h162\" id=\"_b354968b-3837-4751-bf6b-a4ae7a5860e2\"><tr><td class=\"c x203 yfd6 w2e h47\"><div class=\"t_1 m0_1 x76 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Norma </div></td><td class=\"c x206 yfd6 w2f h47\"><div class=\"t_1 m0_1 x77 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Contenido </div></td></tr><tr><td class=\"c x1ca yfd8 w29e h163\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones y/o interp<span class=\"_ _3\"></span>retaciones<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca yfda w2a5 h164\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd9 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">aplicables a partir del 1 de<span class=\"_ _3\"></span> enero de 202<span class=\"_ _3\"></span>6-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIIF <span class=\"_ _3\"></span>7 y NIIF 9. Clasificaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfda w2a6 h165\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _10\"> </span>modificaci\u00f3n <span class=\"_ _10\"></span>aclara <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>criterios <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>ciertos <span class=\"_ _10\"></span>activos<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfdb w2a7 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">y Valoraci\u00f3n de in<span class=\"_ _3\"></span>strumentos financieros.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfdb w2a8 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financieros, <span class=\"_ _1a\"> </span>as\u00ed <span class=\"_ _1a\"> </span>como, <span class=\"_ _17\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>criterios <span class=\"_ _1a\"> </span>para <span class=\"_ _1a\"> </span>la <span class=\"_ _1a\"> </span>baja <span class=\"_ _1a\"> </span>de <span class=\"_ _17\"> </span>pasivos<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>financieros<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfdc w2a9 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">liquidados <span class=\"_ _1b\"> </span>a <span class=\"_ _18\"> </span>trav\u00e9s <span class=\"_ _1b\"> </span>de <span class=\"_ _18\"> </span>sistemas <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ago <span class=\"_ _18\"> </span>electr\u00f3nico.<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>Adicionalmente,<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfdd w2aa h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">introduce requerimientos<span class=\"_ _3\"></span> de desglo<span class=\"_ _3\"></span>se adicionales.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfde w2ab h166\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIIF <span class=\"_ _3\"></span>9 y NIIF 7. Contrato<span class=\"_ _3\"></span>s<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfde w2ac h166\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _1b\"> </span>modificaci\u00f3n <span class=\"_ _18\"> </span>aclara <span class=\"_ _18\"> </span>como <span class=\"_ _1b\"> </span>tratar <span class=\"_ _18\"> </span>contab<span class=\"_ _3\"></span>lemente <span class=\"_ _18\"> </span>los <span class=\"_ _1b\"> </span>contratos <span class=\"_ _18\"> </span>de<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfdf w2ad h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">que hacen referencia a la <span class=\"_ _3\"></span>electricidad<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfdf w2ae h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">electricidad, <span class=\"_ _0\"></span>diferenciando <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>compra/venta <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>aquellos <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe0 w2af h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">dependiente de la natu<span class=\"_ _3\"></span>raleza<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe0 w2b0 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">deben registrarse como ins<span class=\"_ _3\"></span>trumentos financieros.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe1 w2b1 h167\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Nuevas Normas<span class=\"_ _3\"></span> aplicables a par<span class=\"_ _3\"></span>tir del 1 de<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca yfe3 w2b2 h168\"><div class=\"t_1 m0_1 x1c9 h8_1 yfe2 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">enero de 2027-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">NIIF 18 Presentaci\u00f3n y<span class=\"_ _3\"></span> desgloses de esta<span class=\"_ _3\"></span>dos<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe3 w2b3 h169\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _3\"></span>objetivo <span class=\"_ _3\"></span>de esta <span class=\"_ _3\"></span>norma <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>establecer <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> requ<span class=\"_ _3\"></span>erimientos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>presentaci\u00f3n y<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe4 w2b4 h15c\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financieros.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe5 w2b5 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">desglose <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>estados <span class=\"_ _17\"> </span>financieros<span class=\"_ _3\"></span>, <span class=\"_ _17\"> </span>reemplazando <span class=\"_ _17\"> </span>con<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>ello <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>N<span class=\"_ _3\"></span>IC1,<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfe6 w2b6 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">actualmente en vigor.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfd4 w2b7 h16a\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">NIIF 19 Desgloses de s<span class=\"_ _3\"></span>ubsidiarias sin<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfd4 w2b8 h16a\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _3\"></span>objetivo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>nueva <span class=\"_ _3\"></span>norma <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>detallar <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>desgloses <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e un<span class=\"_ _3\"></span>a s<span class=\"_ _3\"></span>ubsidiaria<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfd5 w2b9 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">contabilidad p<span class=\"_ _3\"></span>\u00fablica.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfd5 w2ba h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">puede aplicar, opcion<span class=\"_ _3\"></span>almente, en la emisi\u00f3n d<span class=\"_ _3\"></span>e sus estados financieros.<span class=\"_ _f\"></span> </div></td></tr></table>Adicionalmente a las<span class=\"_ _3\"></span> modificaciones qu<span class=\"_ _3\"></span>e figuran en esta N<span class=\"_ _3\"></span>ota, el IASB emiti\u00f3 <span class=\"_ _3\"></span>las Modificacion<span class=\"_ _3\"></span>es a NIIF 10 y<span class=\"_ _3\"></span> NIC <span class=\"_ _0\"></span>28 <span class=\"_ _f\"></span>\"Venta <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>aporta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>entre <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>inversor <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>asociada <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>negocio <span class=\"_ _0\"></span>conjunto\" <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de primera aplicaci\u00f3n o<span class=\"_ _3\"></span>bligatoria, a la<span class=\"_ _3\"></span> espera d<span class=\"_ _3\"></span>e finalizar su<span class=\"_ _3\"></span> Proyecto d<span class=\"_ _3\"></span>e \"M\u00e9todo de la<span class=\"_ _3\"></span> participaci\u00f3n\" y to<span class=\"_ _3\"></span>mar una decisi\u00f3n res<span class=\"_ _3\"></span>pecto a las mismas<span class=\"_ _3\"></span> No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>esp<span class=\"_ _3\"></span>eran <span class=\"_ _0\"></span>impactos <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ignificativos <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>introducci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>estas <span class=\"_ _0\"></span>modificaciones <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>aplicaciones <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> car\u00e1cter <span class=\"_ _10\"></span>prospectivo, <span class=\"_ _10\"></span>modificaciones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>resentaci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>desglose <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>/o <span class=\"_ _10\"></span>tratar <span class=\"_ _10\"></span>aspectos <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>aplicables <span class=\"_ _10\"> </span>o <span class=\"_ _10\"></span>no significativos <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>operaciones <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Grupo.<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Si <span class=\"_ _0\"></span>bien <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>est\u00e1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>revisand<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>impactos <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>aplicaci\u00f3n<span class=\"_ _3\"></span> tendr\u00eda sobre la in<span class=\"_ _3\"></span>formaci\u00f3n financiera, b\u00e1sicamente po<span class=\"_ _3\"></span>r las modificaciones estab<span class=\"_ _3\"></span>lecidas en la NIIF 18 en la clasificaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>partidas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>estado <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>resultados <span class=\"_ _f\"></span>consolidado <span class=\"_ _f\"></span>distinguiendo <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>actividades <span class=\"_ _3\"></span>operativas<span class=\"_ _3\"></span>, de inversi\u00f3n y<span class=\"_ _3\"></span> de financiaci\u00f3n<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>3.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Pol\u00edticas contables </span></span>Las <span class=\"_ _0\"></span>principa<span class=\"_ _3\"></span>les <span class=\"_ _0\"></span>pol\u00edticas <span class=\"_ _0\"></span>contables <span class=\"_ _0\"></span>utilizad<span class=\"_ _3\"></span>as <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>esta<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales<span class=\"_ _f\"></span> <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>solidadas, <span class=\"_ _0\"></span>de conformidad con lo establecido en <span class=\"_ _2\"></span>las Normas Internacionales de <span class=\"_ _2\"></span>Informaci\u00f3n Financiera e <span class=\"_ _2\"></span>interpretaciones<span class=\"_ _3\"></span> adoptadas p<span class=\"_ _3\"></span>or la Uni\u00f3n Europea (NIIF<span class=\"_ _3\"></span>-UE), se detallan<span class=\"_ _3\"></span> a continuaci\u00f3n:<span class=\"_ _3\"></span> 3.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Combinaciones de negoc<span class=\"_ _2\"></span>io<span class=\"_ _65\"> </span></span><span class=\"fc2\"> </span>Las combinaciones de <span class=\"_ _2\"></span>negocios en <span class=\"_ _2\"></span>las que <span class=\"_ _2\"></span>el G<span class=\"_ _2\"></span>rupo adquiere e<span class=\"_ _2\"></span>l control <span class=\"_ _2\"></span>de uno <span class=\"_ _2\"></span>o varios negocios <span class=\"_ _2\"></span>se re<span class=\"_ _2\"></span>gistran por <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>m\u00e9todo de <span class=\"_ _d\"></span>adqu<span class=\"_ _3\"></span>isici\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>acuerdo a <span class=\"_ _d\"></span>lo dispuesto <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la NIIF <span class=\"_ _d\"></span>3 Combinaciones de <span class=\"_ _d\"></span>Negocio.<span class=\"_ _3\"></span> Se considera \u201cnegocio\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>conjunto <span class=\"_ _3\"></span>integrado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>actividades <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>activos, <span class=\"_ _3\"></span>susceptibles <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>ser dirigidos <span class=\"_ _f\"></span>y gestionados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el prop\u00f3sito <span class=\"_ _f\"></span>de; 1) <span class=\"_ _f\"></span>proporcionar <span class=\"_ _3\"></span>bienes <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>servicios <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>clientes, <span class=\"_ _3\"></span>y/o <span class=\"_ _f\"></span>2) gen<span class=\"_ _3\"></span>erar <span class=\"_ _3\"></span>ingresos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>inversion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>otro<span class=\"_ _3\"></span>s ingresos de activid<span class=\"_ _3\"></span>ades ord<span class=\"_ _3\"></span>inarias. El <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _f\"></span>implica, <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>car\u00e1cter <span class=\"_ _f\"></span>general, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>registro<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>obtiene <span class=\"_ _f\"></span>el control <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>ne<span class=\"_ _3\"></span>gocio <span class=\"_ _16\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>los <span class=\"_ _19\"> </span>activos <span class=\"_ _19\"> </span>adquirid<span class=\"_ _3\"></span>os, <span class=\"_ _16\"> </span>los <span class=\"_ _19\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _19\"> </span>asumidos, <span class=\"_ _19\"> </span>los <span class=\"_ _16\"> </span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _19\"> </span>de<span class=\"_ _65\"> </span>patrimonio <span class=\"_ _f\"></span>neto <span class=\"_ _3\"></span>emitidos, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>cualquier <span class=\"_ _f\"></span>contraprestaci\u00f3n <span class=\"_ _f\"></span>contingente <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>dependa <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>hechos <span class=\"_ _f\"></span>futuros <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del cumplimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ciertas <span class=\"_ _10\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _10\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>valor pueda <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>medido <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>for<span class=\"_ _3\"></span>ma <span class=\"_ _f\"></span>f<span class=\"_ _3\"></span>iable. <span class=\"_ _f\"></span>Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>relac<span class=\"_ _3\"></span>ionados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>adq<span class=\"_ _3\"></span>uisici\u00f3n <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>gastos cuando se in<span class=\"_ _3\"></span>curre en ellos.<span class=\"_ _65\"> </span>La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>sitiva <span class=\"_ _f\"></span>existente <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traprestaci\u00f3n <span class=\"_ _f\"></span>tran<span class=\"_ _3\"></span>sferida <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _f\"></span>adquirida<span class=\"_ _f\"></span> <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>el valor <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>ignado <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _f\"></span>dominan<span class=\"_ _3\"></span>tes<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>neto <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>adquiridos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>pasivos asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _3\"></span> con el<span class=\"_ _2\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _10\"> </span>previamente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>negocio <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>registra <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cFondo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>comercio\u201d<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _13\"> </span>Si <span class=\"_ _10\"> </span>dicha </span>diferencia fuera negativa, s<span class=\"_ _3\"></span>e reconocer\u00eda directamente com<span class=\"_ _3\"></span>o un mayor res<span class=\"_ _3\"></span>ultado del eje<span class=\"_ _3\"></span>rcicio.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Si <span class=\"_ _d\"></span>la combinaci\u00f3n <span class=\"_ _d\"></span>de negocios <span class=\"_ _2\"></span>s\u00f3lo <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>puede <span class=\"_ _2\"></span>determinar <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>forma <span class=\"_ _2\"></span>provisional, los <span class=\"_ _d\"></span>activos n<span class=\"_ _2\"></span>etos <span class=\"_ _2\"></span>identificables se <span class=\"_ _10\"> </span>registra<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>icialmente <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _13\"> </span>sus <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>alores <span class=\"_ _13\"> </span>pro<span class=\"_ _2\"></span>visionales,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>reconociendo <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>aju<span class=\"_ _3\"></span>stes <span class=\"_ _13\"> </span>ef<span class=\"_ _2\"></span>ectuado<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>urante <span class=\"_ _10\"> </span>el periodo de <span class=\"_ _2\"></span>valoraci\u00f3n definitiva, que como m\u00e1ximo es <span class=\"_ _2\"></span>de 1 a\u00f1o <span class=\"_ _2\"></span>desde la <span class=\"_ _2\"></span>fecha de <span class=\"_ _2\"></span>adquisici\u00f3n<span class=\"_ _3\"></span>, como <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>i \u00e9stos se <span class=\"_ _10\"></span>hubieran <span class=\"_ _10\"></span>conocido <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>adquisici\u00f3n, <span class=\"_ _10\"></span>re-expr<span class=\"_ _3\"></span>esando, <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _10\"> </span>caso, <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>cifras <span class=\"_ _10\"> </span>comparativas <span class=\"_ _10\"></span>del ejercicio <span class=\"_ _15\"> </span>anterior.<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>En <span class=\"_ _15\"> </span>cualquier <span class=\"_ _15\"> </span>cas<span class=\"_ _3\"></span>o, <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>aju<span class=\"_ _3\"></span>stes <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>los <span class=\"_ _17\"> </span>valores <span class=\"_ _15\"> </span>provis<span class=\"_ _3\"></span>ionales <span class=\"_ _15\"> </span>\u00fanicamen<span class=\"_ _f\"></span>te <span class=\"_ _19\"> </span>in<span class=\"_ _3\"></span>corporan informaci\u00f3n <span class=\"_ _f\"></span>relativa <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>hechos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>circunstancias <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>exist\u00edan <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>que, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>haber sido <span class=\"_ _f\"></span>conocidos, <span class=\"_ _f\"></span>hubieran <span class=\"_ _3\"></span>afectado <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>importes <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>cidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>dicha <span class=\"_ _f\"></span>fecha. <span class=\"_ _3\"></span>Transcurrido <span class=\"_ _f\"></span>dicho <span class=\"_ _f\"></span>periodo, s\u00f3lo se realizan a<span class=\"_ _3\"></span>justes a la <span class=\"_ _3\"></span>valoraci\u00f3n inicial como la corre<span class=\"_ _3\"></span>cci\u00f3n de un error<span class=\"_ _3\"></span>. El fondo de come<span class=\"_ _3\"></span>rcio resultante d<span class=\"_ _3\"></span>e una combinaci\u00f3n d<span class=\"_ _3\"></span>e negocios<span class=\"_ _3\"></span> se asigna a<span class=\"_ _3\"></span> cada una d<span class=\"_ _3\"></span>e las UGE o Grupos de UGE que se espera s<span class=\"_ _3\"></span>e vayan a b<span class=\"_ _3\"></span>eneficiar de las s<span class=\"_ _3\"></span>inergias de la combinaci\u00f3n<span class=\"_ _3\"></span>.  Los <span class=\"_ _3\"></span>fondo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _f\"></span>cuando <span class=\"_ _3\"></span>han <span class=\"_ _f\"></span>sido <span class=\"_ _3\"></span>adquiridos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>t\u00edtulo <span class=\"_ _3\"></span>oneroso <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>amortizan<span class=\"_ _3\"></span>. En <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>lugar, <span class=\"_ _f\"></span>son <span class=\"_ _0\"></span>revisados <span class=\"_ _f\"></span>anualmente <span class=\"_ _0\"></span>mediante <span class=\"_ _f\"></span>es<span class=\"_ _3\"></span>tudios <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>exis<span class=\"_ _3\"></span>ta <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r asignado <span class=\"_ _3\"></span>inicialmente, <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>ci\u00e9ndose <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _f\"></span>por el <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>recuperable <span class=\"_ _3\"></span>es in<span class=\"_ _3\"></span>ferior al <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>asignado <span class=\"_ _3\"></span>inicialmente. <span class=\"_ _3\"></span>Una <span class=\"_ _3\"></span>vez <span class=\"_ _f\"></span>reconocida <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r d<span class=\"_ _3\"></span>eterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>fondo de <span class=\"_ _3\"></span>comercio, <span class=\"_ _3\"></span>\u00e9sta<span class=\"_ _3\"></span> no revierte en <span class=\"_ _2\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _2\"></span>ealizadas de forma interna y se ofre<span class=\"_ _2\"></span>cen detalles sobre la metodolog\u00eda d<span class=\"_ _3\"></span>e c\u00e1lculo aplicada <span class=\"_ _3\"></span>en la Nota 3.5.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>fondo de <span class=\"_ _d\"></span>comercio no <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>amortiza y <span class=\"_ _d\"></span>se revisa <span class=\"_ _2\"></span>anualmente para <span class=\"_ _d\"></span>an<span class=\"_ _3\"></span>alizar <span class=\"_ _2\"></span>las posibles <span class=\"_ _2\"></span>p\u00e9rdidas <span class=\"_ _2\"></span>por deterioro de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor, <span class=\"_ _f\"></span>registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidado <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _f\"></span>las p\u00e9rdidas po<span class=\"_ _3\"></span>r deterioro acumulada.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> El <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>eval\u00faa <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>cada <span class=\"_ _10\"></span>transacci\u00f3n <span class=\"_ _10\"></span>si <span class=\"_ _0\"></span>ha <span class=\"_ _10\"> </span>adquirido <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>gru<span class=\"_ _3\"></span>po <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>act<span class=\"_ _3\"></span>ivos, <span class=\"_ _10\"></span>analizando <span class=\"_ _0\"></span>si <span class=\"_ _10\"> </span>el conjunto d<span class=\"_ _3\"></span>e activos adquiridos cumple con la<span class=\"_ _3\"></span> definici\u00f3n de negocio <span class=\"_ _3\"></span>recogida en NIIF<span class=\"_ _f\"></span>-<span class=\"ls10\">3.</span> El <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>participaciones <span class=\"_ _3\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dominantes <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>entidad <span class=\"_ _3\"></span>adq<span class=\"_ _3\"></span>uirida <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>participaci\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los activos netos<span class=\"_ _3\"></span> identificables de la entidad<span class=\"_ _3\"></span>, v<span class=\"_ _3\"></span>alorados a valor razonable<span class=\"_ _3\"></span><span class=\"ls13\">.<span class=\"_ _65\"> </span></span><span class=\"ls13\"> </span> 3.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Otros activos intangib<span class=\"_ _2\"></span>les </span>Los <span class=\"_ _10\"> </span>derechos <span class=\"_ _10\"> </span>incluidos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>este <span class=\"_ _0\"></span>ep\u00edgraf<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Situaci\u00f3n <span class=\"_ _10\"> </span>Financiera, <span class=\"_ _10\"> </span>prin<span class=\"_ _3\"></span>cipalmente <span class=\"_ _10\"> </span>aplicaciones<span class=\"_ _3\"></span> inform\u00e1ticas, gastos <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>desarrollo, <span class=\"_ _2\"></span>y permisos <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>licencias <span class=\"_ _2\"></span>para la <span class=\"_ _d\"></span>generaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica, se <span class=\"_ _d\"></span>registran inicialmente <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducci\u00f3n. <span class=\"_ _f\"></span>Tras <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>reconocimiento <span class=\"_ _f\"></span>inicial, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>valoran <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>de adquisici\u00f3n, <span class=\"_ _f\"></span>deducida<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>amortizaci\u00f3n <span class=\"_ _f\"></span>acumulada <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cualquier <span class=\"_ _f\"></span>p\u00e9rdida <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>(v\u00e9as<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>Not<span class=\"_ _3\"></span><span class=\"ls1c\">a </span>3.5).  Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _2\"></span>definida y se amortizan siguiendo <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>lineal <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida <span class=\"_ _f\"></span>\u00fatil <span class=\"_ _f\"></span>estimada, <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>iderando <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>periodo <span class=\"_ _f\"></span>durante <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>cual <span class=\"_ _f\"></span>se prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _3\"></span>s.<span class=\"_ _65\"> </span>Gastos de I+D - Los gastos d<span class=\"_ _3\"></span>e investigaci\u00f3n se reconocen como gasto<span class=\"_ _3\"></span> en el ejercicio en el qu<span class=\"_ _3\"></span>e incurre en ellos. <span class=\"_ _f\"></span> Por <span class=\"_ _13\"> </span>su <span class=\"_ _13\"> </span>parte, <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>desarrollo, <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>cluyen <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>desarrollo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>nuevo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>proyectos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>negocio, <span class=\"_ _13\"> </span>se reconocen como <span class=\"_ _3\"></span>activo cu<span class=\"_ _3\"></span>ando s<span class=\"_ _3\"></span>u coste <span class=\"_ _3\"></span>es identificable <span class=\"_ _3\"></span>por proyecto, <span class=\"_ _3\"></span>y es p<span class=\"_ _3\"></span>robable que el <span class=\"_ _3\"></span>proyecto vay<span class=\"_ _3\"></span>a a tener <span class=\"_ _f\"></span>\u00e9xito <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>t\u00e9cnico <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>gastos <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _f\"></span>requis<span class=\"_ _3\"></span>itos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _f\"></span>un gasto en el ejercicio en q<span class=\"_ _3\"></span>ue se incurren.<span class=\"_ _3\"></span> Estos <span class=\"_ _10\"></span>costes <span class=\"_ _f\"></span>capita<span class=\"_ _3\"></span>lizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>linealmente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _10\"></span>a\u00f1os, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _3\"></span>i este plazo es su<span class=\"_ _3\"></span>perior, con el l\u00edmite de 10 a\u00f1os.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Aplicaciones inform\u00e1tic<span class=\"_ _3\"></span>as- El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>de adqu<span class=\"_ _3\"></span>isici\u00f3n de <span class=\"_ _3\"></span>programas<span class=\"_ _3\"></span> in<span class=\"_ _3\"></span>form\u00e1ticos, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>el cos<span class=\"_ _3\"></span>te d<span class=\"_ _3\"></span>e licencias con <span class=\"_ _3\"></span>vigencia p<span class=\"_ _3\"></span>lurianual. <span class=\"_ _3\"></span>Asimismo, se <span class=\"_ _3\"></span>reconocen c<span class=\"_ _3\"></span>omo activos<span class=\"_ _3\"></span> intangibles<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>costes directament<span class=\"_ _3\"></span>e relacionados <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>progra<span class=\"_ _3\"></span>mas <span class=\"_ _0\"></span>inform\u00e1ticos<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>sea <span class=\"_ _0\"></span>clara<span class=\"_ _3\"></span>mente identificable <span class=\"_ _d\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _d\"></span>proyecto, <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>sea <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>robable <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>vayan <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>generar <span class=\"_ _2\"></span>beneficios <span class=\"_ _d\"></span>econ\u00f3m<span class=\"_ _3\"></span>icos <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>futuro <span class=\"_ _d\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Grupo. El resto de los costes internos y <span class=\"_ _2\"></span>externos asociados<span class=\"_ _3\"></span> al mantenimie<span class=\"_ _2\"></span>nto y desarrollo de s<span class=\"_ _3\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _3\"></span>ue se incurren.<span class=\"_ _3\"></span> La amortizaci\u00f3n <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>aplicaci<span class=\"_ _3\"></span>ones inform\u00e1ticas <span class=\"_ _2\"></span>se realiza aplicando el <span class=\"_ _d\"></span>m<span class=\"_ _3\"></span>\u00e9todo lineal <span class=\"_ _2\"></span>durante un per\u00edodo de 5 a\u00f1os, a co<span class=\"_ _3\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"_ _3\"></span> de cada programa.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Derechos de ge<span class=\"_ _3\"></span>neraci\u00f3n de energ\u00eda el\u00e9ctrica<span class=\"_ _3\"></span>- Los <span class=\"_ _10\"></span>permisos <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>lice<span class=\"_ _2\"></span>ncias <span class=\"_ _10\"> </span>que <span class=\"_ _0\"></span>permiten <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>instalaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ge<span class=\"_ _2\"></span>neraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _10\"></span>operar <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"_ _2\"></span>Real Decreto 413/2014, de 6 de <span class=\"_ _2\"></span>junio, por el que <span class=\"_ _2\"></span>se regula la actividad de<span class=\"_ _2\"></span> producci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>energ\u00eda <span class=\"_ _10\"> </span>el<span class=\"_ _3\"></span>\u00e9ctrica <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>partir <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>fuentes <span class=\"_ _10\"> </span>de  energ\u00eda <span class=\"_ _10\"> </span>renov<span class=\"_ _f\"></span>able, <span class=\"_ _13\"> </span>cogeneraci\u00f3n <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>residuos, <span class=\"_ _13\"> </span>se<span class=\"_ _2\"></span> registran <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n, <span class=\"_ _f\"></span>o b<span class=\"_ _3\"></span>ien, <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>incurrid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obtenci\u00f3n, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>amortizan <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los a\u00f1os de vida \u00fatil regulatoria de las instalaciones de generaci\u00f3n de energ\u00eda renovable en<span class=\"_ _3\"></span> las que se utilizan si dicha <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>limitada <span class=\"_ _0\"></span>regulatoriamente, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>prev\u00e9 <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>instalaci\u00f3n titular genere beneficios par<span class=\"_ _3\"></span>a el Grupo.<span class=\"_ _3\"></span><span class=\"ff4 fs4\"> </span>3.3<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Propiedad, planta y equip<span class=\"_ _2\"></span>o </span>Estos <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>valoran <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>precio de <span class=\"_ _3\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducci\u00f3n, <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>educidas <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>amortizaciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>los deterioros de valor, si los<span class=\"_ _2\"></span> hubiera (v\u00e9ase Nota 3.5). <span class=\"_ _2\"></span>El coste <span class=\"_ _2\"></span>de adquisici\u00f3n incluye, en su <span class=\"_ _2\"></span>caso, los siguientes conceptos:<span class=\"_ _65\"> </span>Los intereses d<span class=\"_ _3\"></span>evengados duran<span class=\"_ _3\"></span>te el periodo de con<span class=\"_ _3\"></span>strucci\u00f3n,<span class=\"_ _3\"></span> siempre que este per\u00edod<span class=\"_ _3\"></span>o sea s<span class=\"_ _3\"></span>uperior a 1 <span class=\"_ _10\"></span>a\u00f1o, <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>relativos <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>atribuible <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>activo <span class=\"_ _10\"></span>productivo. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>tasa <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>utilizad<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>la correspondiente <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>existir, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>tasa <span class=\"_ _0\"></span>media <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>financiaci<span class=\"_ _3\"></span>\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _65\"> </span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Los <span class=\"_ _10\"></span>trabajos <span class=\"_ _0\"></span>realizados <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>propio <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _10\"></span>material<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>coste </span></span>acumulado <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resulta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>a\u00f1adir <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>externos <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _0\"></span>internos, <span class=\"_ _f\"></span>principa<span class=\"_ _3\"></span>lmente <span class=\"_ _f\"></span>costes<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de personal, materiales de a<span class=\"_ _3\"></span>lmac\u00e9n y otros<span class=\"_ _3\"></span> costes operativos.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _f\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>est\u00e9 <span class=\"_ _3\"></span>obligado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>desmantelar <span class=\"_ _f\"></span>sus <span class=\"_ _3\"></span>ins<span class=\"_ _3\"></span>talaciones <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>rehabilitar <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>lu<span class=\"_ _3\"></span>gar <span class=\"_ _3\"></span>do<span class=\"_ _3\"></span>nde <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e </span></span>asientan, <span class=\"_ _13\"> </span>el <span class=\"_ _0\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _10\"> </span>estimado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>dichos <span class=\"_ _13\"> </span>costes <span class=\"_ _10\"></span>se <span class=\"_ _10\"> </span>incorpora <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>valor <span class=\"_ _13\"> </span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>libros <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>activo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _10\"> </span>valor presente, <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>abono <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _13\"> </span>\u201cProvisiones\u201d  del <span class=\"_ _10\"> </span>Est<span class=\"_ _3\"></span><span class=\"ff3\">ado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Situaci\u00f3n <span class=\"_ _13\"> </span>Financiera <span class=\"_ _10\"> </span>cons<span class=\"_ _3\"></span>olidado. <span class=\"_ _13\"> </span>Los </span>17<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 cambios <span class=\"_ _3\"></span>pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>evaluaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>obligaciones <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>desmantelamiento <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>a\u00f1aden <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>deducen del valor neto conta<span class=\"_ _3\"></span>ble del activo correspon<span class=\"_ _3\"></span>diente en el periodo en<span class=\"_ _3\"></span> el que se produ<span class=\"_ _3\"></span>cen. <span class=\"_ _3\"></span> A este respecto, \u00fanicamente se <span class=\"_ _2\"></span>estima que se incurrir\u00e1 en <span class=\"_ _2\"></span>este tipo de costes en re<span class=\"_ _2\"></span>laci\u00f3n a la biof\u00e1brica de <span class=\"_ _16\"> </span>Pontevedra <span class=\"_ _16\"> </span>asentad<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>en  terreno<span class=\"_ _3\"></span>s <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>dominio <span class=\"_ _16\"> </span>p\u00fablico <span class=\"_ _16\"> </span>dispo<span class=\"_ _3\"></span>nibles <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>trav\u00e9s <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>una <span class=\"_ _16\"> </span>concesi\u00f3n administrativa,<span class=\"_ _3\"></span>  ya  que,  seg\u00fan  los  t\u00e9rminos<span class=\"_ _3\"></span>  de  otorgamiento  de  la  concesi\u00f3n  ad<span class=\"_ _3\"></span>ministrativa,  a  su vencimiento, las instalaciones construid<span class=\"_ _3\"></span>as sobre el <span class=\"_ _2\"></span>terreno revertir\u00e1n al Estad<span class=\"_ _3\"></span>o o bien \u00e9<span class=\"_ _2\"></span>ste requerir\u00e1 su desmantelamiento.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Con anterioridad a<span class=\"_ _3\"></span> la fecha de tran<span class=\"_ _3\"></span>sici\u00f3n a la normativ<span class=\"_ _3\"></span>a contable internacional (1 d<span class=\"_ _3\"></span>e enero de 2004), el </span></span>Grupo <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>actualiz\u00f3<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _3\"></span>terrenos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>registrad<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cProp<span class=\"_ _3\"></span>iedad, <span class=\"_ _f\"></span>planta <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>equipo\u201d del Estado de <span class=\"_ _d\"></span>Situ<span class=\"_ _3\"></span>aci\u00f3n Financiera <span class=\"_ _2\"></span>consolidado a su valor <span class=\"_ _2\"></span>de me<span class=\"_ _2\"></span>rcado en ese <span class=\"_ _2\"></span>momento (v\u00e9ase Nota 16),<span class=\"_ _2\"></span> habi\u00e9ndose  considerado <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>importe <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>dicha<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>actualizaci\u00f3n <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>arte <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>coste  de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> acuerdo con lo esta<span class=\"_ _3\"></span>blecido por la NIIF 1.<span class=\"_ _3\"></span> Los <span class=\"_ _13\"> </span>costes <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>ampliaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _10\"> </span>moderniza<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>me<span class=\"_ _2\"></span>joras <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>representan<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>aumento  de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>productividad, capacidad, <span class=\"_ _3\"></span>eficiencia o <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>alargamiento <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>vida <span class=\"_ _3\"></span>\u00fatil d<span class=\"_ _3\"></span>e los <span class=\"_ _3\"></span>bienes <span class=\"_ _3\"></span>se capitalizan<span class=\"_ _3\"></span> como <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ayor cos<span class=\"_ _3\"></span>te de los<span class=\"_ _3\"></span> correspondientes activos. <span class=\"_ _2\"></span>Forman <span class=\"_ _d\"></span>igualm<span class=\"_ _3\"></span>ente <span class=\"_ _d\"></span>par<span class=\"_ _3\"></span>te <span class=\"_ _d\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _d\"></span>inm<span class=\"_ _3\"></span>ovilizado <span class=\"_ _2\"></span>material <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _2\"></span>efectuadas <span class=\"_ _2\"></span>con el <span class=\"_ _f\"></span>fin <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>minimizar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>impacto <span class=\"_ _f\"></span>ambienta<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>mejorar <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rotecci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>medio <span class=\"_ _f\"></span>ambiente. ENCE <span class=\"_ _10\"></span>sigue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>trasp<span class=\"_ _3\"></span>asar <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>obra <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>curso <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>inm<span class=\"_ _2\"></span>ovilizado <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _10\"></span>fi<span class=\"_ _3\"></span>nalizado<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el correspondiente periodo<span class=\"_ _3\"></span> de prueba.<span class=\"_ _3\"></span> Por su parte, los gastos de <span class=\"_ _2\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"_ _2\"></span>se cargan al Estado de Resultado cons<span class=\"_ _3\"></span>olidado.  Las s<span class=\"_ _3\"></span>ustituciones <span class=\"_ _3\"></span>de elemento<span class=\"_ _3\"></span>s del <span class=\"_ _3\"></span>inmovilizado <span class=\"_ _3\"></span>material su<span class=\"_ _3\"></span>sceptibles <span class=\"_ _3\"></span>de capitalizaci\u00f3n<span class=\"_ _3\"></span> supo<span class=\"_ _3\"></span>nen la <span class=\"_ _3\"></span>baja d<span class=\"_ _3\"></span>el valor  contable  de  los  elementos<span class=\"_ _3\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos sustituid<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>haya <span class=\"_ _0\"></span>sido <span class=\"_ _10\"></span>amortizado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _0\"></span>ind<span class=\"_ _3\"></span>ependie<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>fuese <span class=\"_ _10\"></span>practicable <span class=\"_ _0\"></span>determin<span class=\"_ _3\"></span>ar <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>valor contable de los mismos, s<span class=\"_ _3\"></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=\"_ _0\"></span>su <span class=\"_ _0\"></span>adquisici\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>trucci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>beneficio <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>oduce <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la enajenaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span>ementos <span class=\"_ _2\"></span>sustituidos <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>determina <span class=\"_ _d\"></span>por dife<span class=\"_ _2\"></span>rencia <span class=\"_ _2\"></span>entre <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>impo<span class=\"_ _3\"></span>rte <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ercibido <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>venta<span class=\"_ _3\"></span> y el valor en libros<span class=\"_ _3\"></span> del activo enajenado.<span class=\"_ _3\"></span> Amortizaciones y de<span class=\"_ _3\"></span>terioros Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>20<span class=\"_ _3\"></span><span class=\"ls10\">25</span> <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _0\"></span>material <span class=\"_ _0\"></span>siguiend<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>lineal, distribuyend<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>coste <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>entre <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>a\u00f1os <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>vida <span class=\"_ _2\"></span>\u00fatil <span class=\"_ _d\"></span>estimad<span class=\"_ _3\"></span>a, <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>acuerdo con <span class=\"_ _d\"></span>el siguiente <span class=\"_ _d\"></span>detalle:<table class=\"s w2bb h16b\" id=\"_0f670338-3a6e-4d91-a405-efb61a439ccc\"><tr><td></td><td></td><td class=\"c x209 yfe7 w31 h57\"><div class=\"t_1 m0_1 x1a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td></tr><tr><td></td><td class=\"c x209 yfe8 w32 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Porcentaje </div></td><td class=\"c x20a yfe8 w33 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1os de Vida </div></td></tr><tr><td></td><td class=\"c x209 yfe9 w32 h5a\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n </div></td><td class=\"c x20a yfe9 w33 h5a\"><div class=\"t_1 m0_1 x56 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u00datil Estimada </div></td></tr><tr><td class=\"c x20b yfea w30 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x209 yfea w32 h5c\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfea w33 h5c\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yfeb w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas </div></td><td></td><td></td></tr><tr><td class=\"c x20b yfec w30 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plantas de generaci\u00f3n con biomasa </div></td><td class=\"c x209 yfec w32 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">4%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfec w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yfed w30 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras instalaciones </div></td><td class=\"c x209 yfed w32 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5%<span class=\"ls0_1\">-8,3%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfed w33 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x20b yfee w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Maquinaria </div></td><td class=\"c x209 yfee w32 h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5%<span class=\"ls0_1\">-12,5%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfee w33 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x20b yfef w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Utillaje y mobiliario </div></td><td class=\"c x209 yfef w32 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8,3%-12,5% </div></td><td class=\"c x20a yfef w33 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">12</span> </div></td></tr><tr><td class=\"c x20b yff0 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Equipos procesos de informaci\u00f3n </div></td><td class=\"c x209 yff0 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff0 w33 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5 </div></td></tr><tr><td class=\"c x20b yff1 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Elementos transporte </div></td><td class=\"c x209 yff1 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff1 w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yff2 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado material </div></td><td class=\"c x209 yff2 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff2 w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\"> </span></div></td></tr></table>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>revisa <span class=\"_ _3\"></span>peri\u00f3dicamente <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>residual, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>vida <span class=\"_ _3\"></span>\u00fatil <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _f\"></span>del in<span class=\"_ _3\"></span>movilizado material. <span class=\"_ _f\"></span>La<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>modificaciones<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _10\"></span>establecidos <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>reconoc<span class=\"_ _3\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> estimaci\u00f3n. Los <span class=\"_ _16\"> </span>terrenos <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>registran <span class=\"_ _16\"> </span>de  forma <span class=\"_ _16\"> </span>independiente <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>edificios <span class=\"_ _16\"> </span>o <span class=\"_ _16\"> </span>instalaciones <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>puedan <span class=\"_ _16\"> </span>estar asentadas sob<span class=\"_ _3\"></span>re los mismos y se entiende que tienen una vida \u00fa<span class=\"_ _3\"></span>til indefinida y, por tanto, no son objeto de amortizaci\u00f3n.<span class=\"_ _3\"></span> Con <span class=\"_ _15\"> </span>car\u00e1cter <span class=\"_ _17\"> </span>general, <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>edificaciones <span class=\"_ _17\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>terrenos <span class=\"_ _17\"> </span>cedidos<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen concesional <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>\u201cConstrucciones\u201d<span class=\"_ _3\"></span>. Dicho<span class=\"_ _3\"></span> cos<span class=\"_ _3\"></span>te, <span class=\"_ _3\"></span>junto <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el del <span class=\"_ _3\"></span>resto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>instalaciones fijas <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>bicadas <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>terrenos <span class=\"_ _3\"></span>concesionados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>mortiza <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>\u00fatil, <span class=\"_ _3\"></span>estableci\u00e9ndose <span class=\"_ _f\"></span>como l\u00edmite el periodo restante d<span class=\"_ _3\"></span>e vigencia de la concesi\u00f3n. <span class=\"_ _f\"></span> En <span class=\"_ _3\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _3\"></span>Renovables, <span class=\"_ _f\"></span>la regulaci\u00f3n <span class=\"_ _f\"></span>establece u<span class=\"_ _3\"></span>na <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>regulatoria <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>operativos <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>depende de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>tecnolog\u00eda, <span class=\"_ _f\"></span>siendo <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>actualmente <span class=\"_ _f\"></span>establecida <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>25 <span class=\"_ _f\"></span>a\u00f1os<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biomasa. <span class=\"_ _f\"></span>La<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>vida regulatoria <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>dura<span class=\"_ _3\"></span>nte <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cual <span class=\"_ _2\"></span>la instalaci\u00f3n <span class=\"_ _2\"></span>va a <span class=\"_ _d\"></span>tener <span class=\"_ _2\"></span>derecho a <span class=\"_ _d\"></span>pertenecer al <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>\u00e9gimen <span class=\"_ _2\"></span>retributivo establecido <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>normativa <span class=\"_ _10\"> </span>energ\u00e9tica <span class=\"_ _10\"> </span>y, <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>tanto, <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>obtener <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>beneficios <span class=\"_ _10\"></span>econ\u00f3micos <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>apliquen (retribuciones <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>inversi\u00f3n <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>operaci\u00f3n m<span class=\"_ _3\"></span>ediante el <span class=\"_ _3\"></span>mecanismo <span class=\"_ _3\"></span>de r<span class=\"_ _3\"></span>etribuci\u00f3n m\u00edn<span class=\"_ _f\"></span>ima esta<span class=\"_ _3\"></span>blecida <span class=\"_ _3\"></span>en el <span class=\"_ _f\"></span>mismo). <span class=\"_ _3\"></span>En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>vinculados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>estas <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>amortizan <span class=\"_ _f\"></span>considerando <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida<span class=\"_ _2\"></span> \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos<span class=\"_ _3\"></span> m\u00e1s all\u00e1 de su vida <span class=\"_ _3\"></span>regulatoria.<span class=\"_ _65\"> </span> Las s<span class=\"_ _3\"></span>ociedades del Gru<span class=\"_ _3\"></span>po eval\u00faan <span class=\"_ _3\"></span>peri\u00f3dicamente, y<span class=\"_ _3\"></span> al <span class=\"_ _3\"></span>menos al <span class=\"_ _3\"></span>cierre de cada <span class=\"_ _3\"></span>ejercicio, s<span class=\"_ _3\"></span>i existen <span class=\"_ _3\"></span>indicios de <span class=\"_ _3\"></span>deterioro d<span class=\"_ _3\"></span>e alg\u00fa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>activo <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>conjunto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>inmovilizado <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>objeto<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e pro<span class=\"_ _3\"></span>ceder en <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cas<span class=\"_ _3\"></span>o, <span class=\"_ _3\"></span>tal como <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>indica <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>apartado <span class=\"_ _f\"></span>3.5 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>presente <span class=\"_ _3\"></span>nota<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>deterioro <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>reversi\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>mismo <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>ajustar <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u valor <span class=\"_ _10\"></span>neto <span class=\"_ _10\"></span>contable <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>su <span class=\"_ _10\"> </span>valor <span class=\"_ _10\"></span>recuperable, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>in <span class=\"_ _10\"></span>superar <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ning\u00fan <span class=\"_ _10\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>los <span class=\"_ _10\"></span>deterioros previos <span class=\"_ _13\"> </span>realizados. <span class=\"_ _10\"> </span>Lo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>deterioros <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>valor <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>reconocen, <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>cargo <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>ep\u00edgra<span class=\"_ _3\"></span>fe <span class=\"_ _13\"> </span><span class=\"ff6\">\u201cDeter</span>ioro<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valor <span class=\"_ _13\"> </span>y re<span class=\"ff6 ls0_1\">sultados p<span class=\"_ _3\"></span>or enajenaci\u00f3n de inmovilizado\u201d.<span class=\"_ _65\"> </span></span><span class=\"ff6 ls0_1\"><span class=\"_ _3\"></span><span class=\"ff3\"> </span></span>3.4<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Activos biol\u00f3gicos </span>El <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>cultiva <span class=\"_ _f\"></span>diversas <span class=\"_ _f\"></span>especies <span class=\"_ _f\"></span>forestales, <span class=\"_ _f\"></span>principalmente <span class=\"_ _f\"></span>eucaliptos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>especies <span class=\"_ _f\"></span>Globulus <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Nitens, utilizadas como <span class=\"_ _d\"></span>materia prima <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>procesos productivos <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>ENCE, <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>bien, <span class=\"_ _2\"></span>para su <span class=\"_ _d\"></span>venta a <span class=\"_ _d\"></span>terceros. En <span class=\"_ _2\"></span>este sentido, <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>consideran <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>biol\u00f3<span class=\"_ _3\"></span>gicos <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>vuelos <span class=\"_ _3\"></span>for<span class=\"_ _3\"></span>estales. <span class=\"_ _f\"></span>Los <span class=\"_ _f\"></span>suelos <span class=\"_ _3\"></span>forestales <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>valoran <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>acuerdo con <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>NIC <span class=\"_ _2\"></span>16 <span class=\"_ _2\"></span>\u201cPropiedad, <span class=\"_ _2\"></span>planta <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>equipo\u201d <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>registran e<span class=\"_ _2\"></span>n dicho <span class=\"_ _d\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Si<span class=\"_ _3\"></span>tuaci\u00f3n <span class=\"_ _2\"></span>Financiera consolidado <span class=\"_ _3\"></span>(v\u00e9ase Nota 3.3).<span class=\"_ _3\"></span> El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>valora <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></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=\"_ _0\"></span>adqu<span class=\"_ _3\"></span>isici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>producci\u00f3n, <span class=\"_ _0\"></span>deducidos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>agotami<span class=\"_ _3\"></span>ento forestal as\u00ed como, en s<span class=\"_ _3\"></span>u caso, las p\u00e9rdid<span class=\"_ _3\"></span>as por deterioro de valor. <span class=\"_ _f\"></span> La <span class=\"_ _f\"></span>inversi\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>patrimonio<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>forestal <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alora <span class=\"_ _f\"></span>imputando <span class=\"_ _f\"></span>todos <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>costes <span class=\"_ _f\"></span>directamente <span class=\"_ _f\"></span>incurridos <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la adquisici\u00f3n y <span class=\"_ _2\"></span>desarrollo de <span class=\"_ _2\"></span>\u00e9ste; <span class=\"_ _d\"></span>alq<span class=\"_ _3\"></span>uileres, limpie<span class=\"_ _2\"></span>za y <span class=\"_ _2\"></span>preparaci\u00f3n de terre<span class=\"_ _2\"></span>nos, plantaciones, fertilizaciones, cuidado <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>conservaci\u00f3n, <span class=\"_ _10\"></span>etc. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>trata<span class=\"_ _3\"></span>rse <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>necesitan <span class=\"_ _f\"></span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>esta<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>en condiciones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>uso, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>incorporan <span class=\"_ _f\"></span>como may<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ctivo <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>gastos <span class=\"_ _3\"></span>financieros <span class=\"_ _f\"></span>devengados <span class=\"_ _3\"></span>hasta<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el momento <span class=\"_ _16\"> </span>de  la <span class=\"_ _16\"> </span>corta,  po<span class=\"_ _3\"></span>r  la <span class=\"_ _16\"> </span>parte <span class=\"_ _16\"> </span>de  la <span class=\"_ _16\"> </span>inversi\u00f3n <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>se  cons<span class=\"_ _3\"></span>idera  financia<span class=\"_ _f\"></span>da  co<span class=\"_ _3\"></span>n  recu<span class=\"_ _3\"></span>rsos <span class=\"_ _16\"> </span>ajenos (actualmente <span class=\"_ _f\"></span>poco <span class=\"_ _f\"></span>representativa). <span class=\"_ _f\"></span>La <span class=\"_ _f\"></span>tasa <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>inter\u00e9s <span class=\"_ _f\"></span>utilizada <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>tasa <span class=\"_ _f\"></span>media <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>fina<span class=\"_ _2\"></span>nciaci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo (v\u00e9ase Nota 28).  Los sumideros <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>carbono <span class=\"_ _2\"></span>acreditados <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>consecuencia de <span class=\"_ _d\"></span>la ge<span class=\"_ _2\"></span>sti\u00f3n forestal <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>ostenible <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>conservaci\u00f3n de <span class=\"_ _f\"></span>ecosistemas <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>considerados <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>producto <span class=\"_ _f\"></span>complementario <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>gesti\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>patrimo<span class=\"_ _3\"></span>nio <span class=\"_ _f\"></span>forestal, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>se valoran, <span class=\"_ _2\"></span>cuando <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>acreditan, <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>valor <span class=\"_ _d\"></span>ra<span class=\"_ _3\"></span>zon<span class=\"_ _3\"></span>able, <span class=\"_ _d\"></span>con <span class=\"ff6\">car<span class=\"_ _2\"></span>go <span class=\"_ _d\"></span>a \u201cExistencias\u201d <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>con <span class=\"_ _d\"></span>abon<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _d\"></span>\u201cOtros<span class=\"_ _65\"> </span></span>pasivos <span class=\"_ _3\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>corrientes <span class=\"_ _f\"></span><span class=\"ff6\">\u2013</span> <span class=\"ff6\">in<span class=\"_ _3\"></span>gresos <span class=\"_ _f\"></span>a d<span class=\"_ _3\"></span>istribuir <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>varios <span class=\"_ _3\"></span>ejercicios\u201d<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>mismo i<span class=\"_ _3\"></span>mporte. <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>momento <span class=\"_ _3\"></span>de su venta, se cancela el p<span class=\"_ _3\"></span>asivo previamente reconocido<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>tiempo <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>trans<span class=\"_ _3\"></span>curre <span class=\"_ _f\"></span>desde <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>plantaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>eucaliptal <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>pen\u00edns<span class=\"_ _3\"></span>ula <span class=\"_ _f\"></span>ib\u00e9rica hasta <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>econ\u00f3micamente <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>reco<span class=\"_ _3\"></span>mendable <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>destoconado <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>posterior <span class=\"_ _2\"></span>replantaci\u00f3n <span class=\"_ _d\"></span>es <span class=\"_ _2\"></span>variable <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>funci\u00f3n de <span class=\"_ _3\"></span>la es<span class=\"_ _3\"></span>pecie. <span class=\"_ _3\"></span>As\u00ed, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>especie <span class=\"_ _3\"></span>Globulus,<span class=\"_ _3\"></span> es<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>per\u00edod<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de ap<span class=\"_ _3\"></span>roximadamente <span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>-40 <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>ya <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue el <span class=\"_ _3\"></span>\u00e1rbol<span class=\"_ _3\"></span> rebrota <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>corta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>eficiente <span class=\"_ _10\"></span>al <span class=\"_ _f\"></span>menos <span class=\"_ _10\"></span>2 <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>eces <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>aprov<span class=\"_ _3\"></span>echamiento. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>sentido, <span class=\"_ _f\"></span>los costes <span class=\"_ _0\"></span>incurridos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>biol\u00f3gicos <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>agrupan <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>dos <span class=\"_ _0\"></span>categor\u00edas; <span class=\"_ _0\"></span>c<span class=\"_ _f\"></span>ostes <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>ciclo, categor\u00eda  que  incluy<span class=\"_ _3\"></span>e  los  cos<span class=\"_ _3\"></span>tes  incurridos<span class=\"_ _3\"></span>,  principalmente  asociados<span class=\"_ _3\"></span>  al  proceso  d<span class=\"_ _3\"></span>e  plantaci\u00f3n  y  qu<span class=\"_ _3\"></span>e contribuir\u00e1n al <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>esarrollo <span class=\"_ _2\"></span>del activo <span class=\"_ _2\"></span>biol\u00f3gico <span class=\"_ _2\"></span>durante <span class=\"_ _2\"></span>el cic<span class=\"_ _2\"></span>lo completo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>35<span class=\"_ _3\"></span>-40 <span class=\"_ _2\"></span>a\u00f1os, y <span class=\"_ _d\"></span>c<span class=\"_ _3\"></span>ostes de <span class=\"_ _d\"></span>turn<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>que son <span class=\"_ _3\"></span>aquellos que <span class=\"_ _3\"></span>contribuyen<span class=\"_ _3\"></span> al desarro<span class=\"_ _3\"></span>llo de los <span class=\"_ _3\"></span>activos b<span class=\"_ _3\"></span>iol\u00f3gicos en el <span class=\"_ _3\"></span>turno <span class=\"_ _3\"></span>en que s<span class=\"_ _3\"></span>e encuentran h<span class=\"_ _3\"></span>asta el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>rovechamiento<span class=\"_ _3\"></span>-corta. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>arte, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>especie <span class=\"_ _0\"></span>Nitens<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>periodos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>turno <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>ciclo coinciden <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ra<span class=\"_ _3\"></span>ngo <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>11<span class=\"_ _3\"></span>-15 <span class=\"_ _10\"></span>a\u00f1os, <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>roducirse <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>rebrote <span class=\"_ _0\"></span>efici<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>e, <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>todos <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes considerados en<span class=\"_ _3\"></span> su desarrollo son con<span class=\"_ _3\"></span>siderados costes de turno. <span class=\"_ _3\"></span> En e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>momento <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>recolecci\u00f3n del <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>uelo <span class=\"_ _2\"></span>forestal <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>reduce <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>activo <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>trav\u00e9s de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cuenta \u201cActivos biol\u00f3gicos <span class=\"_ _f\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ff6\">agotamiento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>erva <span class=\"_ _3\"></span>forestal\u201d <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconoce <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>gasto <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cAgotamiento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la </span>reserva forestal\u201d del Estado <span class=\"_ _2\"></span>de Result<span class=\"ff3\">ado consolidado por el coste incurrido en<span class=\"_ _2\"></span> su producci\u00f3n. La cuant\u00eda <span class=\"_ _2\"></span>de </span>dicha <span class=\"_ _2\"></span>reducci\u00f3n <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>corresp<span class=\"_ _3\"></span>onde <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>100% <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>turn<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>incu<span class=\"_ _3\"></span>rridos, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>parte <span class=\"_ _d\"></span>prop<span class=\"_ _3\"></span>orcional de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes <span class=\"_ _f\"></span>de ciclo, <span class=\"_ _3\"></span>estimad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>turnos <span class=\"_ _f\"></span>previstos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ciclo. As<span class=\"_ _3\"></span>imismo, <span class=\"_ _3\"></span>cuando el <span class=\"_ _0\"></span>vuelo <span class=\"_ _10\"></span>forestal <span class=\"_ _0\"></span>llega <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>final <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>ciclo <span class=\"_ _0\"></span>productiv<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>baj<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>\u00edntegramente <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _10\"> </span>del <span class=\"_ _0\"></span>activo <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>su agotamiento forestal acumula<span class=\"_ _3\"></span>do.<span class=\"_ _3\"></span> No existe un mercado a<span class=\"_ _3\"></span>ctivo del Eucalipto en Espa\u00f1<span class=\"_ _3\"></span>a, y las caracter\u00edsticas de las tran<span class=\"_ _3\"></span>sacciones que se llevan a  cabo  no <span class=\"_ _13\"> </span>han  permitido  hasta  la <span class=\"_ _13\"> </span>fecha  identificar  referencias  de  precio <span class=\"_ _13\"> </span>de  mercado  v\u00e1lidas  para <span class=\"_ _13\"> </span>su extrapolaci\u00f3n <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>fores<span class=\"_ _3\"></span>tal d<span class=\"_ _3\"></span>e E<span class=\"_ _3\"></span>NCE. <span class=\"_ _f\"></span>Por otra <span class=\"_ _3\"></span>parte, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>aplicaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>m\u00e9todos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>alternativos <span class=\"_ _3\"></span>que plantea <span class=\"_ _13\"> </span>NIIF <span class=\"_ _13\"> </span>13 <span class=\"_ _10\"> </span>par<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>determinar <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>razonable, <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>ha <span class=\"_ _10\"> </span>permitido <span class=\"_ _13\"> </span>cuantificar <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>fiabilidad <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>valor razonable <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _0\"></span>biol\u00f3gicos, <span class=\"_ _10\"></span>debido <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>otros <span class=\"_ _10\"></span>factores, <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>asunciones <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>estim<span class=\"_ _f\"></span>aciones <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se deben llevar a <span class=\"_ _3\"></span>cabo y al impac<span class=\"_ _3\"></span>to que las mis<span class=\"_ _3\"></span>mas tienen en l<span class=\"_ _3\"></span>os resultad<span class=\"_ _3\"></span>os de la cuantificac<span class=\"_ _3\"></span>i\u00f3n. Por todo ello,<span class=\"_ _3\"></span> el Grupo no valo<span class=\"_ _3\"></span>ra sus activos biol\u00f3gicos<span class=\"_ _3\"></span> a valor razon<span class=\"_ _3\"></span>able. ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"_ _2\"></span>descuento de los flujos futuros <span class=\"_ _f\"></span>previstos, <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>consid<span class=\"_ _3\"></span>erado <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>suficientemente <span class=\"_ _f\"></span>fiable <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>ser <span class=\"_ _f\"></span>utilizado <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>valoraci\u00f3n <span class=\"_ _f\"></span>a valor razonable <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>biol\u00f3gicos, si <span class=\"_ _2\"></span>bien, su <span class=\"_ _2\"></span>utilizaci\u00f3n consistente <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el tiem<span class=\"_ _2\"></span>po s\u00ed <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ermite <span class=\"_ _2\"></span>identificar rangos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>tendencias <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se tienen<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>ideraci\u00f3n <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>evaluar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>existencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>posibles <span class=\"_ _f\"></span>indicios <span class=\"_ _3\"></span>de deterioro de valor en los<span class=\"_ _3\"></span> activos biol\u00f3<span class=\"_ _3\"></span>gicos.<span class=\"_ _65\"> </span>  El <span class=\"_ _15\"> </span>valor <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>libros <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>los <span class=\"_ _15\"> </span>activos<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>biol\u00f3gicos <span class=\"_ _15\"> </span>recogido <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>cuentas <span class=\"_ _15\"> </span>anuales <span class=\"_ _15\"> </span>consolidad<span class=\"_ _3\"></span>as <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>E<span class=\"_ _3\"></span>NCE correspondientes <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>ejercicio <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>no <span class=\"_ _0\"></span>difiere <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _0\"></span>significativa <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>razonab<span class=\"_ _3\"></span>le <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></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 N<span class=\"_ _3\"></span>ota 3.5, <span class=\"_ _3\"></span>y cons<span class=\"_ _3\"></span>iderando p<span class=\"_ _3\"></span>recios de venta d<span class=\"_ _3\"></span>e la madera al<span class=\"_ _3\"></span>ineados con lo<span class=\"_ _3\"></span>s precios actuales<span class=\"_ _3\"></span> de venta en <span class=\"_ _3\"></span>el caso <span class=\"_ _3\"></span>de mad<span class=\"_ _3\"></span>era qu<span class=\"_ _3\"></span>e tiene co<span class=\"_ _3\"></span>mo destin<span class=\"_ _3\"></span>o su <span class=\"_ _3\"></span>venta <span class=\"_ _3\"></span>a terceros, <span class=\"_ _3\"></span>y con<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>precio<span class=\"_ _f\"></span>s de compra <span class=\"_ _3\"></span>de las<span class=\"_ _3\"></span> plantas d<span class=\"_ _3\"></span>e producci\u00f3n de celulosa en el cas<span class=\"_ _3\"></span>o de madera del patrimonio foresta<span class=\"_ _3\"></span>l con ese destino.<span class=\"_ _f\"></span> 3.5<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Deterioro de valor de a<span class=\"_ _2\"></span>ctivos no finan<span class=\"_ _2\"></span>cieros </span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>revisa, al <span class=\"_ _3\"></span>menos<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cierre de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>ejercicio, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>financieros, entre los <span class=\"_ _3\"></span>que s<span class=\"_ _3\"></span>e incluyen <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activos materiales,<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>activos po<span class=\"_ _3\"></span>r derecho d<span class=\"_ _3\"></span>e uso, <span class=\"_ _3\"></span>el fondo <span class=\"_ _3\"></span>de comer<span class=\"_ _3\"></span>cio junto<span class=\"_ _3\"></span> a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>otros <span class=\"_ _3\"></span>activos <span class=\"_ _f\"></span>intangibles, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span><span class=\"ff6\">activos <span class=\"_ _f\"></span>biol\u00f3gicos, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>\u201cInversiones <span class=\"_ _f\"></span>contabilizadas <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la </span>participaci\u00f3n\u201d <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminar <span class=\"_ _3\"></span>si <span class=\"_ _f\"></span>existe <span class=\"_ _3\"></span>alg\u00fan <span class=\"_ _f\"></span>indicio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>hayan <span class=\"_ _3\"></span>sufrido <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _f\"></span>por deterioro, y <span class=\"_ _2\"></span>por tanto <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e e<span class=\"_ _2\"></span>spera recuperar <span class=\"_ _2\"></span>de su <span class=\"_ _2\"></span>uso o<span class=\"_ _2\"></span> disposici\u00f3n<span class=\"_ _3\"></span> e<span class=\"_ _2\"></span>s infe<span class=\"_ _2\"></span>rior a <span class=\"_ _2\"></span>su valor <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>libros.<span class=\"_ _65\"> </span>ENCE <span class=\"_ _16\"> </span>utiliza<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>tanto <span class=\"_ _16\"> </span>fuentes<span class=\"_ _3\"></span>  d<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>informaci\u00f3n <span class=\"_ _16\"> </span>internas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>como <span class=\"_ _16\"> </span>externas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>para <span class=\"_ _19\"> </span>evaluar <span class=\"_ _16\"> </span>pos<span class=\"_ _3\"></span>ibles <span class=\"_ _16\"> </span>indicios <span class=\"_ _19\"> </span>de deterioro. <span class=\"_ _13\"> </span>Entre  las <span class=\"_ _13\"> </span>fuentes <span class=\"_ _10\"> </span>externas<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>consideran  disminuciones <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mercado <span class=\"_ _13\"> </span>considerando transacciones comparables, <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>evoluci\u00f3n <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>precios <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>futuro <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>celulosa <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _d\"></span>ren<span class=\"_ _3\"></span>ovable, <span class=\"_ _2\"></span>posibles cambios <span class=\"_ _3\"></span>futuro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>advers<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ento<span class=\"_ _3\"></span>rno <span class=\"_ _3\"></span>legal, <span class=\"_ _f\"></span>econ\u00f3mico <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>tecnol\u00f3gico <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>udieran <span class=\"_ _3\"></span>poner <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>manifiesto una <span class=\"_ _10\"></span>p\u00e9rdida <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _10\"> </span>recuperable <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _10\"></span>activos, <span class=\"_ _10\"></span>merm<span class=\"_ _2\"></span>as <span class=\"_ _10\"> </span>sobrevenidas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>prod<span class=\"_ _3\"></span>ucci\u00f3n <span class=\"_ _0\"></span>esp<span class=\"_ _3\"></span>erada <span class=\"_ _10\"></span>qu<span class=\"_ _f\"></span><span class=\"ls1e\">e </span>persistan en el tiem<span class=\"_ _2\"></span>po, o la evoluci\u00f3n de <span class=\"_ _2\"></span>variables macroecon\u00f3micas somo la inflaci\u00f3n <span class=\"_ _2\"></span>y los tipos de <span class=\"_ _2\"></span>inter\u00e9s. Por su parte, internamente s<span class=\"_ _3\"></span>e eval\u00faa si se ha producido<span class=\"_ _3\"></span> un deterioro f\u00edsico u obsolescencia d<span class=\"_ _3\"></span>e los activos, o si el rendimiento del activo es<span class=\"_ _3\"></span> pe<span class=\"_ _3\"></span>or de lo esperado.<span class=\"_ _3\"></span> En <span class=\"_ _13\"> </span>caso <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>existir <span class=\"_ _10\"> </span>indicios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>deterioro, <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>lleva <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cab<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>una <span class=\"_ _10\"> </span>estimaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>importe <span class=\"_ _13\"> </span>recuperable, <span class=\"_ _10\"> </span>para<span class=\"_ _3\"></span> determinar, en <span class=\"_ _d\"></span>su caso, <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>deterioro. El <span class=\"_ _d\"></span>i<span class=\"_ _3\"></span>mporte recuperable <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>mayor <span class=\"_ _2\"></span>entre el <span class=\"_ _d\"></span>valor razonable minorado p<span class=\"_ _3\"></span>or el cos<span class=\"_ _3\"></span>te de su <span class=\"_ _3\"></span>venta y <span class=\"_ _3\"></span>el valo<span class=\"_ _3\"></span><span class=\"ff6\">r \u201cen us<span class=\"_ _3\"></span>o\u201d. En el caso<span class=\"_ _3\"></span> de los <span class=\"_ _3\"></span>fondos d<span class=\"_ _3\"></span>e comercio ENCE <span class=\"_ _3\"></span>realiza de </span>forma sistem\u00e1tica el an<span class=\"_ _3\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _3\"></span>enos anualmente.<span class=\"_ _3\"></span> Los <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>\u201cen <span class=\"_ _3\"></span>uso\u201d <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>determinan <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>Unidad <span class=\"_ _3\"></span>Generadora <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Efectivo <span class=\"_ _3\"></span>(UGE). <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio adquirido en una <span class=\"_ _3\"></span>combinaci\u00f3n de negocios se distribuye entre cada <span class=\"_ _3\"></span>una de las UGE que se benefician de las sinergias <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>combinaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>negoc<span class=\"_ _3\"></span>ios. <span class=\"_ _f\"></span>Con <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>r\u00e1cter <span class=\"_ _f\"></span>general, <span class=\"_ _3\"></span>cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>el<span class=\"_ _3\"></span> Grupo desarrolla s<span class=\"_ _3\"></span>u actividad es una UGE.<span class=\"_ _3\"></span> Para determinar el valor en u<span class=\"_ _3\"></span>so de los activ<span class=\"_ _3\"></span>os sometidos a test de deterioro, s<span class=\"_ _3\"></span>e estima el valor act<span class=\"_ _3\"></span>ual de los flujos <span class=\"_ _3\"></span>netos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>caja <span class=\"_ _f\"></span>originados <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>UGE <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se a<span class=\"_ _3\"></span>socian <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>mismos, <span class=\"_ _3\"></span>exceptuan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>aq<span class=\"_ _3\"></span>uellos <span class=\"_ _3\"></span>flujos relacionados <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>pago<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>cobros <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>operacio<span class=\"_ _3\"></span>nes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>pagos <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>impuesto <span class=\"_ _10\"> </span>sobre <span class=\"_ _10\"> </span>los beneficios, as\u00ed como aqu<span class=\"_ _3\"></span>\u00e9llos que se deriven d<span class=\"_ _3\"></span>e mejoras o reformas futuras p<span class=\"_ _3\"></span>revistas para los<span class=\"_ _3\"></span> activos de las citadas un<span class=\"_ _3\"></span>idades generadoras de efectivo<span class=\"_ _3\"></span>. Los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>caja <span class=\"_ _3\"></span>estimados <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e obtienen<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>proyecciones <span class=\"_ _3\"></span>realizadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Direcci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> UGE, que en ge<span class=\"_ _2\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio aconsejan periodos <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>uperiores. <span class=\"_ _3\"></span>Las <span class=\"_ _3\"></span>tasas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>crecim<span class=\"_ _3\"></span>iento <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>precios y <span class=\"_ _f\"></span>costes d<span class=\"_ _3\"></span>irectos <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>basan <span class=\"_ _f\"></span>en los compromisos contractuales <span class=\"_ _2\"></span>firmes, <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>informaci\u00f3n <span class=\"_ _2\"></span>p\u00fablica <span class=\"_ _2\"></span>disponib<span class=\"_ _3\"></span>le, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como en <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>previsiones <span class=\"_ _2\"></span>sectoriales y <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>experiencia <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE. <span class=\"_ _d\"></span>Ad<span class=\"_ _3\"></span>icionalmente, <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>realizan an\u00e1lisis <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>sensibilidad<span class=\"_ _f\"></span> <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>relaci\u00f3n <span class=\"_ _d\"></span>con los <span class=\"_ _d\"></span>crecimientos de <span class=\"_ _10\"></span>ingresos, <span class=\"_ _10\"></span>m\u00e1rgenes <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>explot<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>sas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>descuento<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>fin <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>prever <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>futuros cambios en estas<span class=\"_ _3\"></span> variables <span class=\"_ _3\"></span>(v\u00e9ase Nota 19).  En <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>plantas d<span class=\"_ _3\"></span>e generaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>renovab<span class=\"_ _3\"></span>le encuad<span class=\"_ _3\"></span>radas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>Renovables, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que se <span class=\"_ _d\"></span>puede <span class=\"_ _2\"></span>prever <span class=\"_ _d\"></span>con <span class=\"_ _2\"></span>cierto <span class=\"_ _d\"></span>gra<span class=\"_ _3\"></span>do <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>fiabilidad<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>sus<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>flujos <span class=\"_ _2\"></span>tanto <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>fase <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>construcci\u00f3n <span class=\"_ _2\"></span>como <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>explotaci\u00f3n (activos <span class=\"_ _16\"> </span>con  producci\u00f3n <span class=\"_ _16\"> </span>estable,  amplias<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>series <span class=\"_ _16\"> </span>hist\u00f3ricas  en <span class=\"_ _16\"> </span>la  informaci\u00f3n <span class=\"_ _16\"> </span>de  mercado <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>costes  de explotaci\u00f3n con<span class=\"_ _3\"></span> poca <span class=\"_ _3\"></span>volatilidad), <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>realiza una <span class=\"_ _3\"></span>proyecci\u00f3n<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>los flujos<span class=\"_ _3\"></span> de caj<span class=\"_ _3\"></span>a esperado<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>hasta <span class=\"_ _3\"></span>el final d<span class=\"_ _3\"></span>e la vida <span class=\"_ _2\"></span>\u00fatil regulatoria <span class=\"_ _2\"></span>de cada planta, y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor residual <span class=\"_ _2\"></span>no es significativo. <span class=\"_ _2\"></span>Por su<span class=\"_ _3\"></span> parte, <span class=\"_ _2\"></span>las proyecciones <span class=\"_ _2\"></span>de flujos de caja esperados en ac<span class=\"_ _2\"></span>tivos biol\u00f3gicos abarcan un ciclo <span class=\"_ _2\"></span>productiv<span class=\"_ _3\"></span>o que <span class=\"_ _2\"></span>puede alcanzar hasta 40 a\u00f1os e igualmente no s<span class=\"_ _3\"></span>e considera valor resid<span class=\"_ _3\"></span>ual. Para <span class=\"_ _3\"></span>actualizar <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>utiliza <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>tasa <span class=\"_ _f\"></span>de descuento <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>evaluaciones <span class=\"_ _3\"></span>actuales del mercado sob<span class=\"_ _3\"></span>re el valor temporal del dinero y<span class=\"_ _3\"></span> los riesgos espec\u00edficos d<span class=\"_ _3\"></span>e cada UGE.<span class=\"_ _65\"> </span>Si se <span class=\"_ _3\"></span>estima que <span class=\"_ _3\"></span>el importe recup<span class=\"_ _3\"></span>erable de u<span class=\"_ _3\"></span>n activo <span class=\"_ _3\"></span>es inferior a <span class=\"_ _3\"></span>su valor <span class=\"_ _3\"></span>en libros, \u00e9ste \u00faltimo <span class=\"_ _3\"></span>se reduce <span class=\"_ _3\"></span>a su <span class=\"_ _19\"> </span>importe <span class=\"_ _19\"> </span>recuperabl<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>recon<span class=\"_ _3\"></span>ociendo <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>minoraci\u00f3n <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>valo<span class=\"_ _3\"></span>r <span class=\"_ _19\"> </span>correspondiente <span class=\"_ _19\"> </span>a <span class=\"_ _15\"> </span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>ep\u00edgrafe \u201cDeterioros <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>enaj<span class=\"_ _3\"></span>enaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>inmovilizado\u201d <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Resultado <span class=\"_ _0\"></span><span class=\"ff3\">con<span class=\"_ _3\"></span>solidado<span class=\"ls1f\">. </span></span>Las p\u00e9rdidas<span class=\"_ _3\"></span> por deterioro son reversib<span class=\"_ _3\"></span>les, excepto las correspon<span class=\"_ _3\"></span>dientes a los fon<span class=\"_ _3\"></span>dos de comercio.<span class=\"_ _3\"></span> Cuando <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _f\"></span>revierte <span class=\"_ _0\"></span>posteriormente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>libros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>UGE <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>crementa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la<span class=\"_ _2\"></span> estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"_ _2\"></span>el importe en libros incrementado no<span class=\"_ _65\"> </span>supere <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>habr\u00eda <span class=\"_ _10\"></span>determinado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>haberse <span class=\"_ _10\"></span>reconocido <span class=\"_ _10\"></span>ninguna <span class=\"_ _10\"> </span>p\u00e9rdida <span class=\"_ _10\"></span>por deterioro de valor par<span class=\"_ _3\"></span>a la UGE en ejercicios an<span class=\"_ _3\"></span>teriores.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> 3.6<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Arrendamientos </span>ENCE <span class=\"_ _f\"></span>act\u00faa <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>arrendatario <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>concesionario <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>determinados <span class=\"_ _f\"></span>activos, <span class=\"_ _3\"></span>principa<span class=\"_ _3\"></span>lmente <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>uelo <span class=\"_ _3\"></span>ind<span class=\"_ _3\"></span>ustrial <span class=\"_ _3\"></span>y forestal, <span class=\"_ _f\"></span>equipamiento <span class=\"_ _f\"></span>indu<span class=\"_ _3\"></span>strial <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>veh\u00edculos. <span class=\"_ _f\"></span>Un <span class=\"_ _f\"></span>contrato <span class=\"_ _f\"></span>contiene <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>arrendamiento,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cuando <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>tiene <span class=\"_ _f\"></span>el derecho a dirigir el uso d<span class=\"_ _3\"></span>e un activo po<span class=\"_ _3\"></span>r un period<span class=\"_ _3\"></span>o de tiempo a cambio <span class=\"_ _3\"></span>de una contra<span class=\"_ _3\"></span>prestaci\u00f3n.<span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>arrendamientos <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>inicio<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>arrendamien<span class=\"_ _3\"></span>to, <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>activo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>derecho <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>uso <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el correspondiente pas<span class=\"_ _3\"></span>ivo por el valor presente d<span class=\"_ _3\"></span>e las cuotas de arrendamiento p<span class=\"_ _3\"></span>endientes d<span class=\"_ _3\"></span>e pago. <span class=\"_ _f\"></span> En <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>determinaci\u00f3n <span class=\"_ _17\"> </span>del <span class=\"_ _15\"> </span>p<span class=\"_ _3\"></span>lazo <span class=\"_ _17\"> </span>de <span class=\"_ _15\"> </span>ar<span class=\"_ _3\"></span>rendamiento, <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>considera <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>duraci\u00f3n <span class=\"_ _17\"> </span>inicial <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>trato <span class=\"_ _17\"> </span>de arrendamiento, as\u00ed como <span class=\"_ _2\"></span>las pr\u00f3rrogas que <span class=\"_ _2\"></span>se e<span class=\"_ _2\"></span>spera razonablemente que <span class=\"_ _2\"></span>se van <span class=\"_ _2\"></span>a producir y <span class=\"_ _2\"></span>cuyo ejercicio es discrecional para <span class=\"_ _3\"></span>ENCE.  En <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>determinaci\u00f3n <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>pasivo <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>derecho <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>uso <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>sidera <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>valor <span class=\"_ _13\"> </span>presente<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _13\"> </span>cuotas <span class=\"_ _10\"> </span>de arrendamiento <span class=\"_ _2\"></span>pendientes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>pago, <span class=\"_ _d\"></span>menos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>cualq<span class=\"_ _3\"></span>uier <span class=\"_ _d\"></span>incenti<span class=\"_ _3\"></span>vo <span class=\"_ _2\"></span>recibido <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>arrendamien<span class=\"_ _3\"></span>to, <span class=\"_ _d\"></span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>agos variables que dependen <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>un \u00edndice o <span class=\"_ _2\"></span>tasa, los importes que se <span class=\"_ _2\"></span>espera pagar <span class=\"_ _2\"></span>por garant\u00eda de <span class=\"_ _2\"></span>valor residual, el  precio  de  la <span class=\"_ _13\"> </span>opci\u00f3n  de  compra  si  se  prev\u00e9  que  se <span class=\"_ _13\"> </span>ejercitar\u00e1  y  los  pagos  por  ind<span class=\"_ _2\"></span>emnizaciones  por cancelaci\u00f3n  de <span class=\"_ _16\"> </span>contrato,  sie<span class=\"_ _3\"></span>mpre  que  el  plaz<span class=\"_ _3\"></span>o  de  arr<span class=\"_ _3\"></span>endamiento  reflej<span class=\"_ _3\"></span>e  el  ejercicio<span class=\"_ _3\"></span>  de  la  op<span class=\"_ _3\"></span>ci\u00f3n  d<span class=\"_ _f\"></span><span class=\"ls20\">e </span>cancelaci\u00f3n. <span class=\"_ _3\"></span>Los <span class=\"_ _3\"></span>pagos<span class=\"_ _3\"></span> v<span class=\"_ _3\"></span>ariables <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>incluido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _3\"></span>inicial <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>pasivo<span class=\"_ _3\"></span>, se <span class=\"_ _3\"></span>reconoc<span class=\"_ _3\"></span>en en<span class=\"_ _3\"></span> resultados <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>devengo. <span class=\"_ _10\"> </span>La<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>cuotas <span class=\"_ _10\"> </span>son <span class=\"_ _10\"></span>actualizadas <span class=\"_ _10\"> </span>considerand<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>tasa <span class=\"_ _10\"></span>increme<span class=\"_ _2\"></span>ntal <span class=\"_ _10\"> </span>de endeudamiento <span class=\"_ _3\"></span>estimada,<span class=\"_ _3\"></span> q<span class=\"_ _3\"></span>ue es<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e tend<span class=\"_ _3\"></span>r\u00eda q<span class=\"_ _3\"></span>ue p<span class=\"_ _3\"></span>agar <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>arrendatar<span class=\"_ _3\"></span>io al <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>icio del <span class=\"_ _3\"></span>arrendamiento <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r un pr\u00e9stamo s<span class=\"_ _3\"></span>imilar en cuanto a importe, <span class=\"_ _3\"></span>plazo y garant\u00edas<span class=\"_ _3\"></span>.  Tras <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>reconocimiento <span class=\"_ _f\"></span>inicial<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>valora <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>pasivo <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>arrendamiento <span class=\"_ _f\"></span>increment\u00e1n<span class=\"_ _3\"></span>dolo <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>gasto financiero <span class=\"_ _10\"> </span>devengado, <span class=\"_ _10\"> </span>disminuy<span class=\"_ _3\"></span>\u00e9ndolo <span class=\"_ _10\"> </span>por <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>pagos <span class=\"_ _10\"></span>realizados <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>reestimando <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>table <span class=\"_ _10\"> </span>por <span class=\"_ _10\"></span>las modificaciones del arrend<span class=\"_ _3\"></span>amiento o para <span class=\"_ _3\"></span>reflejar las a<span class=\"_ _3\"></span>ctualizaciones de los<span class=\"_ _3\"></span> pagos fijos.<span class=\"_ _3\"></span> Por su<span class=\"_ _3\"></span> parte, <span class=\"_ _3\"></span>el activo <span class=\"_ _3\"></span>por el <span class=\"_ _3\"></span>derecho de u<span class=\"_ _3\"></span>so se <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>inicialmente al v<span class=\"_ _3\"></span>alor resulta<span class=\"_ _3\"></span>nte de <span class=\"_ _3\"></span>a\u00f1adir <span class=\"_ _3\"></span>al v<span class=\"_ _3\"></span>alor del pasivo <span class=\"_ _3\"></span>por arrendamiento, <span class=\"_ _3\"></span>los pagos<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>incentivos <span class=\"_ _3\"></span>liquidados antes<span class=\"_ _3\"></span> del in<span class=\"_ _3\"></span>icio del arrend<span class=\"_ _3\"></span>amiento, los <span class=\"_ _3\"></span>costes directos <span class=\"_ _19\"> </span>incurridos <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el <span class=\"_ _16\"> </span>arrendamie<span class=\"_ _3\"></span>nto, <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>caso, <span class=\"_ _16\"> </span>la <span class=\"_ _19\"> </span>estimaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>los <span class=\"_ _19\"> </span>costes <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>incurrir <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el desmantelamiento <span class=\"_ _18\"> </span>del <span class=\"_ _1a\"> </span>activo<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>(cos<span class=\"_ _3\"></span>te <span class=\"_ _1a\"> </span>inicial)<span class=\"_ _3\"></span>. <span class=\"_ _18\"> </span>Posteriormente, <span class=\"_ _1a\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _1a\"> </span>registra <span class=\"_ _18\"> </span>al <span class=\"_ _1a\"> </span>valor <span class=\"_ _18\"> </span>inicial, <span class=\"_ _1a\"> </span>menos <span class=\"_ _18\"> </span>la amortizaci\u00f3n <span class=\"_ _10\"> </span>acumulada <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>cualq<span class=\"_ _3\"></span>uier <span class=\"_ _10\"> </span>p\u00e9rdida <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>deterioro <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>valo<span class=\"_ _3\"></span>r <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>NIC<span class=\"_ _3\"></span>-<span class=\"ls10\">16<span class=\"_ _3\"></span></span>- <span class=\"_ _10\"></span><span class=\"ls21\">Pro</span>piedad, planta y <span class=\"_ _3\"></span>equipo (v\u00e9anse Notas 3.<span class=\"_ _3\"></span>3 y 3.5).  En la determinaci\u00f3n del gasto por amortizaci\u00f3n, los activos por <span class=\"_ _2\"></span>derechos de uso se amortizar\u00e1n linealmente en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida <span class=\"_ _3\"></span>\u00fatil <span class=\"_ _f\"></span>estimada, <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>bien, <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>arrendamiento, <span class=\"_ _f\"></span>si <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>\u00fa<span class=\"_ _3\"></span>ltimo <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>menor. <span class=\"_ _f\"></span>Si <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>transfiere <span class=\"_ _3\"></span>la propiedad <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>arrendatario <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>pr\u00e1cticam<span class=\"_ _3\"></span>ente <span class=\"_ _3\"></span>cierto <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>arrendatario <span class=\"_ _f\"></span>ejercitar\u00e1 la <span class=\"_ _f\"></span>opci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>compra, <span class=\"_ _3\"></span>se amortizar\u00e1 duran<span class=\"_ _3\"></span>te la vida \u00fatil del activo.<span class=\"_ _3\"></span> Los <span class=\"_ _3\"></span>pagos <span class=\"_ _3\"></span>asociados <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>arrendamientos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>corto p<span class=\"_ _3\"></span>lazo (inferiores <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>12 <span class=\"_ _3\"></span>meses) <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>arrendamientos <span class=\"_ _3\"></span>de activ<span class=\"_ _3\"></span>os de  escaso  v<span class=\"_ _3\"></span>alor  se  reconocen  directamente <span class=\"_ _16\"> </span>como  un  ga<span class=\"_ _3\"></span>sto  en  resu<span class=\"_ _3\"></span>ltados  de  acuerdo  a <span class=\"_ _16\"> </span>su  devengo. Asimismo, las rentas<span class=\"_ _3\"></span> contingentes s<span class=\"_ _3\"></span>ujetas a la o<span class=\"_ _3\"></span>currenci<span class=\"_ _3\"></span>a de un evento es<span class=\"_ _3\"></span>pec\u00edfico y las c<span class=\"_ _3\"></span>uotas v<span class=\"_ _3\"></span>ariables que dependen de los ingresos o de<span class=\"_ _2\"></span>l uso del activo subyacente, residuales en<span class=\"_ _65\"> </span>los contratos suscritos por <span class=\"_ _2\"></span>ENCE, se registran <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>incurren, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cServicios<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>exterior<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span><span class=\"ff3\">-Arr<span class=\"_ _3\"></span>endamie</span>ntos\u201d <span class=\"_ _0\"></span>del Estado de Resultad<span class=\"_ _3\"></span>o consolidado en lugar <span class=\"_ _3\"></span>de formar parte del pasiv<span class=\"_ _3\"></span>o del arrendamiento.<span class=\"_ _f\"></span> ENCE <span class=\"_ _10\"></span>subarrienda <span class=\"_ _0\"></span>maq<span class=\"_ _3\"></span>uinaria <span class=\"_ _0\"></span>forestal <span class=\"_ _10\"></span>previamente <span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>endada. <span class=\"_ _10\"></span>En <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ituaciones, <span class=\"_ _10\"></span>se <span class=\"_ _f\"></span>an<span class=\"_ _3\"></span>aliza <span class=\"_ _10\"></span>si <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>an transferido <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>subarrendat<span class=\"_ _3\"></span>ario <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>beneficios <span class=\"_ _0\"></span>asociad<span class=\"_ _3\"></span>os <span class=\"_ _0\"></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<span class=\"_ _65\"> </span>situaci\u00f3n,  se  da <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>baja  en <span class=\"_ _13\"> </span>cuentas  el <span class=\"_ _13\"> </span>activo  por <span class=\"_ _13\"> </span>derecho  de <span class=\"_ _13\"> </span>uso <span class=\"_ _13\"> </span>y  se <span class=\"_ _13\"> </span>reconoce  un <span class=\"_ _13\"> </span>activo  financiero correspondiente a la in<span class=\"_ _3\"></span>versi\u00f3n neta en el s<span class=\"_ _3\"></span>ubarrendamiento.<span class=\"_ _3\"></span> ENCE clasifica los activos por <span class=\"_ _2\"></span>derecho de uso atendiendo <span class=\"_ _2\"></span>a la naturaleza <span class=\"_ _2\"></span>del activo arrendado, en el <span class=\"_ _2\"></span>ep\u00edgrafe \u201cPropiedad,  planta  y <span class=\"_ _13\"> </span>equipo\u201d <span class=\"_ _13\"> </span>del  E<span class=\"_ _2\"></span>stado  de <span class=\"_ _13\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _13\"> </span>consolidado,  y <span class=\"_ _13\"> </span>clasifica <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>pasivo  por arrendamiento en el ep\u00edgrafe \u201cDeuda financi<span class=\"ff3\">era </span>\u2013<span class=\"ff3\"> </span>Otros pasivos financieros\u201d del pasivo a l<span class=\"_ _2\"></span>argo y corto plazo del Estado d<span class=\"_ _3\"></span>e Situaci\u00f3n Financiera consolida<span class=\"_ _3\"></span>do.<span class=\"_ _3\"></span> Con <span class=\"_ _f\"></span>relaci\u00f3n <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>estad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>flujos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo, <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>registra <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>pagos <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>principal <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>contratos <span class=\"_ _0\"></span>de arrendamiento dentro <span class=\"_ _d\"></span>de los <span class=\"_ _2\"></span>\u201cFlujos <span class=\"_ _2\"></span>neto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>efectivo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>actividades <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>financiaci\u00f3n\u201d, as\u00ed <span class=\"_ _d\"></span>como el <span class=\"_ _d\"></span>registro<span class=\"_ _3\"></span> de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>intereses <span class=\"_ _10\"></span>relacionados <span class=\"_ _10\"> </span>con <span class=\"_ _13\"> </span>dic<span class=\"ff6\">hos <span class=\"_ _10\"> </span>contratos <span class=\"_ _10\"> </span>dentro<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cFlujo<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>netos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>efectivo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>las </span>actividades d<span class=\"_ _3\"></span>e explotaci\u00f3n\u201d.<span class=\"ff3\"> </span>3.7<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Activos y pasivos fina<span class=\"_ _2\"></span>ncieros </span>ENCE valora <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>clasifica <span class=\"_ _2\"></span>sus instrume<span class=\"_ _2\"></span>ntos financieros <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>acuerdo con <span class=\"_ _2\"></span>NIIF<span class=\"_ _3\"></span>-9 <span class=\"_ _2\"></span>Instrumentos Financieros. <span class=\"_ _2\"></span>En este<span class=\"_ _2\"></span> sentido: Activos financieros En <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>econocimiento <span class=\"_ _3\"></span>inicial, <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>activo <span class=\"_ _f\"></span>financiero a <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable, <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue incluye <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>trans<span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _15\"> </span>que <span class=\"_ _15\"> </span>sean <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>irectamente <span class=\"_ _19\"> </span>atrib<span class=\"_ _3\"></span>uibles <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>activo. Excepcionalmente, <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>costes  de  trans<span class=\"_ _3\"></span>acci\u00f3n  corres<span class=\"_ _3\"></span>pondientes <span class=\"_ _16\"> </span>a  activos <span class=\"_ _16\"> </span>financieros  valo<span class=\"_ _3\"></span>rados  a  v<span class=\"_ _3\"></span>alor razonable con cambios<span class=\"_ _3\"></span> en resultados<span class=\"_ _3\"></span> se imputan directamente a resu<span class=\"_ _3\"></span>ltados.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Con  posterioridad<span class=\"_ _3\"></span>  a  su  reconocimiento  in<span class=\"_ _3\"></span>icial,  ENCE  clas<span class=\"_ _3\"></span>ifica  sus  activo<span class=\"_ _3\"></span>s  financieros  en  las <span class=\"_ _16\"> </span>siguientes categor\u00edas; <span class=\"_ _f\"></span>1) <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>coste <span class=\"_ _f\"></span>amortizad<span class=\"_ _3\"></span>o, <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>bien, <span class=\"_ _f\"></span>2) <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>cambios<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>resultados. <span class=\"_ _f\"></span>La <span class=\"_ _f\"></span>clasificaci\u00f3n depende del modelo de negocio de E<span class=\"_ _3\"></span>NCE para gestionar los activos financieros y<span class=\"_ _3\"></span> los t\u00e9rminos contractuales de los flujos d<span class=\"_ _3\"></span>e efectivo:  i.<span class=\"ff4 ls0_1\"> <span class=\"_ _1d\"> </span><span class=\"ff3\">Activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>amortizado: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasifican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>mantienen<span class=\"_ _3\"></span> </span></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cobro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efe<span class=\"_ _3\"></span>ctivo <span class=\"_ _3\"></span>previstos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>contrato, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>esos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>representa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>s\u00f3lo cobros de prin<span class=\"_ _3\"></span>cipal e intereses.  Una <span class=\"_ _2\"></span>ganancia <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>p\u00e9rdida en <span class=\"_ _d\"></span>una inversi\u00f3n <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>amortizado <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>no sea <span class=\"_ _d\"></span>parte <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>relaci\u00f3n de cobertura se reconoce en el resu<span class=\"_ _3\"></span>ltado del ejercicio cuando el a<span class=\"_ _3\"></span>ctivo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _3\"></span> se reconocen <span class=\"_ _2\"></span>como ingresos financieros<span class=\"_ _3\"></span> en el <span class=\"_ _2\"></span>Estado de Resultado cons<span class=\"_ _3\"></span>olidado de acuerdo a s<span class=\"_ _3\"></span>u devengo, ap<span class=\"_ _3\"></span>licando el m\u00e9todo del tipo de inter<span class=\"_ _3\"></span>\u00e9s efectivo.<span class=\"_ _f\"></span> En <span class=\"_ _13\"> </span>esta <span class=\"_ _10\"> </span>categor\u00eda <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _10\"> </span>\u201cDeudores <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>otras <span class=\"_ _10\"> </span>cuentas <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cobrar\u201d, <span class=\"_ _13\"> </span>\u201cOtras <span class=\"_ _10\"> </span>invers<span class=\"_ _3\"></span>iones financieras\u201d, <span class=\"_ _3\"></span>\u201cy<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>otros <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>l\u00edquidos <span class=\"_ _3\"></span>equivalentes\u201d, <span class=\"_ _f\"></span>principalmente. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _f\"></span>y otros <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"> </span>l\u00edquidos <span class=\"_ _10\"> </span>equ<span class=\"_ _3\"></span>ivalentes\u201d <span class=\"_ _10\"> </span>recoge <span class=\"_ _10\"> </span>saldo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span><span class=\"ff3\">en <span class=\"_ _10\"> </span>tesorer\u00eda <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>inversiones<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>corto <span class=\"_ _13\"> </span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _3\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _3\"></span> sujetos a un riesgo de cambio <span class=\"_ _3\"></span>de valor poco s<span class=\"_ _3\"></span>ignificativo.<span class=\"_ _3\"></span> Las cuentas por <span class=\"_ _2\"></span>cobrar <span class=\"_ _2\"></span>a deudores <span class=\"_ _2\"></span>comerciales propias del <span class=\"_ _d\"></span>tr\u00e1<span class=\"_ _3\"></span>fico habitual <span class=\"_ _2\"></span>del Grupo <span class=\"_ _2\"></span>se registran <span class=\"_ _2\"></span>por su valor nominal, dado que su vencimiento es en ge<span class=\"_ _2\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas. En <span class=\"_ _2\"></span>este <span class=\"_ _2\"></span>cap\u00edtulo <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>ha seguido <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>modelo simplificado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>p\u00e9rdida <span class=\"_ _2\"></span>esperada basado en la experiencia his<span class=\"_ _3\"></span>t\u00f3rica de p\u00e9rdidas crediticias<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>ii.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Valor <span class=\"_ _3\"></span>razonab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados: <span class=\"_ _3\"></span>dentro<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluyen <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>deriv<span class=\"_ _3\"></span>ados <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>no </span></span>cumplen <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>condiciones<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>considerarse <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobertura <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>NIIF <span class=\"_ _f\"></span>9 <span class=\"_ _10\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span>In<span class=\"_ _3\"></span>strumentos<span class=\"_ _65\"> </span>Financieros, los activos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>que otras <span class=\"_ _2\"></span>normas establezcan <span class=\"_ _2\"></span>que deben <span class=\"_ _2\"></span>valorarse a <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _2\"></span>razonable con <span class=\"_ _3\"></span>cargo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resultados, <span class=\"_ _3\"></span>tales <span class=\"_ _3\"></span>como las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>contraprestaciones<span class=\"_ _3\"></span> contingentes <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>combinacion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de n<span class=\"_ _3\"></span>egocios y aquellos activ<span class=\"_ _3\"></span>os financieros que de v<span class=\"_ _3\"></span>alorarse de o<span class=\"_ _3\"></span>tra forma generar\u00edan u<span class=\"_ _3\"></span>na asimetr\u00eda contable. <span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>duzcan <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>imputan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>producen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _15\"> </span>financieros\u201d, <span class=\"_ _15\"> </span>\u201cIngresos <span class=\"_ _15\"> </span>financieros\u201d <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>\u201cVariaci\u00f3n <span class=\"_ _19\"> </span>en <span class=\"_ _15\"> </span>el <span class=\"_ _15\"> </span>valor <span class=\"_ _15\"> </span>razonable <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>instru<span class=\"_ _3\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _3\"></span> corresponda, d<span class=\"_ _3\"></span>el Estado de Resultado<span class=\"_ _3\"></span> conso<span class=\"_ _3\"></span><span class=\"ff3\">lidado. </span>En el <span class=\"_ _3\"></span>caso d<span class=\"_ _3\"></span>e participaciones<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>sociedades n<span class=\"_ _3\"></span>o cotizadas<span class=\"_ _3\"></span>, poco <span class=\"_ _3\"></span>relevantes, d<span class=\"_ _3\"></span>ado qu<span class=\"_ _3\"></span>e el valo<span class=\"_ _3\"></span>r razonab<span class=\"_ _3\"></span>le no <span class=\"_ _f\"></span>siempre <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>osible <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminarlo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>fiabl<span class=\"_ _3\"></span>e, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>valoran<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _f\"></span>corregido por las evidencias<span class=\"_ _3\"></span> de deterioro que pud<span class=\"_ _3\"></span>ieran existi<span class=\"_ _3\"></span><span class=\"ls1d\">r.</span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>directamente <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>em<span class=\"_ _2\"></span>isi\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _3\"></span> gasto en el Estado d<span class=\"_ _3\"></span>e Resultado consolidad<span class=\"_ _3\"></span>o a medida que s<span class=\"_ _3\"></span>e incurre en ellos.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Durante <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2024 <span class=\"_ _f\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>han<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _0\"></span>reclasificaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>fin<span class=\"_ _3\"></span>ancieros <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>las categor\u00edas definidas en lo<span class=\"_ _3\"></span>s p\u00e1rrafos previos<span class=\"_ _3\"></span>. Las compras y<span class=\"_ _3\"></span> ventas de activos financieros<span class=\"_ _3\"></span> se contabilizan utilizan<span class=\"_ _3\"></span>do la fecha de negocia<span class=\"_ _3\"></span>ci\u00f3n. <span class=\"_ _3\"></span> Deterioros de valor-<span class=\"_ _3\"></span> ENCE ev<span class=\"_ _3\"></span>al\u00faa so<span class=\"_ _3\"></span>bre una <span class=\"_ _3\"></span>base pros<span class=\"_ _3\"></span>pectiva las<span class=\"_ _3\"></span> p\u00e9rdidas<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>cr\u00e9dito esperadas<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos valorados<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>coste amortizado. En es<span class=\"_ _3\"></span>te sentido, ENCE ap<span class=\"_ _3\"></span>lica el enfoque general d<span class=\"_ _3\"></span>e c\u00e1lculo de la p\u00e9rdida <span class=\"_ _3\"></span>esperada a sus<span class=\"_ _3\"></span> activos financieros a <span class=\"_ _2\"></span>largo plazo, excepto <span class=\"_ _2\"></span>los saldos<span class=\"_ _3\"></span> come<span class=\"_ _2\"></span>rciales y <span class=\"_ _2\"></span>otras cuentas a <span class=\"_ _2\"></span>cobrar sin componente <span class=\"_ _2\"></span>financiero significativo para <span class=\"_ _3\"></span>los que aplica un enfoqu<span class=\"_ _3\"></span>e simplificado.<span class=\"_ _3\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _3\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _3\"></span>aya incrementado d<span class=\"_ _3\"></span>e forma significativa <span class=\"_ _3\"></span>desde su reconocimi<span class=\"_ _3\"></span>ento inicial.<span class=\"_ _3\"></span> Bajo <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>enfoque <span class=\"_ _2\"></span>simplificado, <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>consideran las <span class=\"_ _d\"></span>p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas <span class=\"_ _2\"></span>durante <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>vida <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>act<span class=\"_ _3\"></span>ivo. <span class=\"_ _2\"></span> <span class=\"_ _d\"></span>Este modelo <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ll<span class=\"_ _3\"></span>eva <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>teniendo <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>ideraci\u00f3n <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _3\"></span>e, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>cobertu<span class=\"_ _3\"></span>ra <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>seguro <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>cr\u00e9dito disponible, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>experiencia <span class=\"_ _2\"></span>hist\u00f3rica <span class=\"_ _2\"></span>referente <span class=\"_ _d\"></span>al <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go <span class=\"_ _d\"></span>crediticio<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>\u00faltimos <span class=\"_ _2\"></span>cinco <span class=\"_ _d\"></span>a\u00f1os<span class=\"_ _3\"></span>. <span class=\"_ _d\"></span>El <span class=\"_ _2\"></span>modelo<span class=\"_ _65\"> </span>incorpora <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>umbral <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>180 <span class=\"_ _f\"></span>d\u00edas <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>mora <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>consideraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>prod<span class=\"_ _3\"></span>ucido <span class=\"_ _f\"></span>un impago <span class=\"_ _2\"></span>definitivo. Estos <span class=\"_ _d\"></span>criterios son <span class=\"_ _2\"></span>aplicados <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>ausencia <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>otras<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>evidencias objetivas de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>incumplimiento, como <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>uedan <span class=\"_ _2\"></span>ser <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>situ<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>concursales, <span class=\"_ _2\"></span>etc. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>ejercicios <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>4 <span class=\"_ _d\"></span>no se <span class=\"_ _d\"></span>han <span class=\"_ _2\"></span>registrado <span class=\"_ _2\"></span>importes significativos po<span class=\"_ _3\"></span>r este concepto en el Esta<span class=\"_ _3\"></span>do de Resultado cons<span class=\"_ _3\"></span>olidado.<span class=\"_ _3\"></span> Las <span class=\"_ _3\"></span>dotaciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>reversion<span class=\"_ _3\"></span>es de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>correcciones <span class=\"_ _3\"></span>valorativ<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>comerciales<span class=\"_ _3\"></span> a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>registran <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>activos <span class=\"_ _0\"></span>financieros\u201d<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado consolidado.<span class=\"_ _65\"> </span>Registro de bajas <span class=\"_ _3\"></span>- El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>reconoce <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>baja <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>financieros <span class=\"_ _3\"></span>cuand<span class=\"_ _3\"></span>o expiran <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>cedido <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>erechos s<span class=\"_ _3\"></span>obre <span class=\"_ _3\"></span>los flujos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>correspondiente <span class=\"_ _f\"></span>activo <span class=\"_ _f\"></span>financiero <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>han <span class=\"_ _f\"></span>transferido <span class=\"_ _f\"></span>sustancialmente <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>riesgos <span class=\"_ _f\"></span>y beneficios inherentes a su propiedad. La baja de un activo fi<span class=\"_ _2\"></span>nanciero implica el reconocimiento en el Estado de Resultado consolidado de l<span class=\"_ _2\"></span>a diferencia existente <span class=\"_ _2\"></span>entre su valor contable y<span class=\"_ _2\"></span> la suma de<span class=\"_ _2\"></span> la <span class=\"_ _2\"></span>contraprestaci\u00f3n recibida, <span class=\"_ _2\"></span>neta de <span class=\"_ _d\"></span>gastos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>transacci\u00f3n, incluy\u00e9ndose <span class=\"_ _2\"></span>los a<span class=\"_ _2\"></span>ctivos obtenidos o <span class=\"_ _2\"></span>pasivos <span class=\"_ _2\"></span>asumidos <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>cualquier p\u00e9rdida o ganan<span class=\"_ _3\"></span>cia diferida en otro resulta<span class=\"_ _3\"></span>do global.<span class=\"_ _65\"> </span>En <span class=\"_ _13\"> </span>este <span class=\"_ _10\"> </span>sentido, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>funci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>necesidad<span class=\"_ _3\"></span>es <span class=\"_ _13\"> </span>coyunturales <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>tesorer\u00eda <span class=\"_ _13\"> </span>realiza <span class=\"_ _10\"> </span>cesiones <span class=\"_ _13\"> </span>de cr\u00e9ditos <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>clientes <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>entidades <span class=\"_ _2\"></span>financieras <span class=\"_ _2\"></span>(factoring) <span class=\"_ _d\"></span>y podr\u00e1 <span class=\"_ _d\"></span>llevar <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>tit<span class=\"_ _3\"></span>ulizaciones <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>activos. En <span class=\"_ _d\"></span>estas cesiones <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>derechos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cob<span class=\"_ _3\"></span>ro <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>tra<span class=\"_ _3\"></span>nsmiten <span class=\"_ _13\"> </span>sustancialmente <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>riesgos <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>beneficios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>inherentes <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>las cuentas <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cobrar, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>control <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>\u00e9stas, <span class=\"_ _10\"></span>sin <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>existan <span class=\"_ _0\"></span>pactos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>recompra <span class=\"_ _10\"></span>suscritos <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>las entidades <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _f\"></span>(cesione<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>sin <span class=\"_ _f\"></span>recurso). <span class=\"_ _f\"></span>Consecuentem<span class=\"_ _3\"></span>ente, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>criteri<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>establecidos por <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>NIIF, <span class=\"_ _3\"></span>se d<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>baja del <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o d<span class=\"_ _3\"></span>e Situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>Financiera cons<span class=\"_ _3\"></span>olidado <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cobrar d<span class=\"_ _3\"></span>e deud<span class=\"_ _3\"></span>ores vendidos en la<span class=\"_ _3\"></span>s condiciones indicadas.<span class=\"_ _3\"></span> Por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>contrario, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>no <span class=\"_ _10\"> </span>da <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>baja <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>financieros, <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>reconoce <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>pasiv<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>financiero <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>un importe <span class=\"_ _f\"></span>igua<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contra<span class=\"_ _3\"></span>prestaci\u00f3n <span class=\"_ _0\"></span>recibida, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>cesiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>retenga sustancialmente los<span class=\"_ _3\"></span> riesgos y beneficios inh<span class=\"_ _3\"></span>erentes a s<span class=\"_ _3\"></span>u propiedad.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Pasivos financieros <span class=\"_ _3\"></span> Son <span class=\"_ _3\"></span>pasivos <span class=\"_ _3\"></span>financieros <span class=\"_ _3\"></span>aquellos <span class=\"_ _3\"></span>d\u00e9bitos <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>partidas <span class=\"_ _3\"></span>a p<span class=\"_ _3\"></span>agar que <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>el Grupo<span class=\"_ _3\"></span> y <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han o<span class=\"_ _3\"></span>riginado en <span class=\"_ _3\"></span>la compra de <span class=\"_ _2\"></span>bienes y <span class=\"_ _2\"></span>servicios por operaciones de <span class=\"_ _2\"></span>tr\u00e1fico de la <span class=\"_ _2\"></span>empresa, o <span class=\"_ _2\"></span>tambi\u00e9n aquellos que, sin tene<span class=\"_ _2\"></span>r un origen <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>mercial, <span class=\"_ _f\"></span>no <span class=\"_ _0\"></span>pueden <span class=\"_ _0\"></span>ser <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>sider<span class=\"_ _3\"></span>ados <span class=\"_ _f\"></span>como <span class=\"_ _0\"></span>instrumentos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>financieros <span class=\"_ _0\"></span>derivad<span class=\"_ _3\"></span>os, <span class=\"_ _f\"></span>prin<span class=\"_ _3\"></span>cipalmente, deudas con en<span class=\"_ _3\"></span>tidades de cr\u00e9dito, bonos<span class=\"_ _3\"></span> emitidos, etc. ENCE <span class=\"_ _f\"></span>clas<span class=\"_ _3\"></span>ifica <span class=\"_ _f\"></span>sus <span class=\"_ _0\"></span>pasivos <span class=\"_ _f\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>categor\u00edas, <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>posterioridad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>reconocimiento inicial; 1) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>amortiza<span class=\"_ _3\"></span>do, y <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en resu<span class=\"_ _3\"></span>ltados. <span class=\"_ _3\"></span>En esta<span class=\"_ _3\"></span> \u00faltima <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>se recogen b<span class=\"_ _3\"></span>\u00e1sicamente <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>contrap<span class=\"_ _3\"></span>restaciones<span class=\"_ _3\"></span> con<span class=\"_ _3\"></span>tingentes qu<span class=\"_ _3\"></span>e s<span class=\"_ _3\"></span>e pu<span class=\"_ _3\"></span>edan <span class=\"_ _3\"></span>originar <span class=\"_ _3\"></span>en las <span class=\"_ _3\"></span>combinaciones <span class=\"_ _3\"></span>de negocios.<span class=\"_ _65\"> </span>  ENCE da <span class=\"_ _d\"></span>de baja <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>pasivo f<span class=\"_ _2\"></span>inanciero <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>una parte <span class=\"_ _d\"></span>del mismo <span class=\"_ _d\"></span>cu<span class=\"_ _3\"></span>ando ha <span class=\"_ _d\"></span>cumplido<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>obligaci\u00f3n <span class=\"_ _2\"></span>contenida en el pasivo o b<span class=\"_ _3\"></span>ien est\u00e9 legalmente dispensado<span class=\"_ _3\"></span> de la responsab<span class=\"_ _3\"></span>ilidad principal co<span class=\"_ _3\"></span>ntenida en el pasivo.<span class=\"_ _f\"></span> Obligaciones, bo<span class=\"_ _3\"></span>nos y deudas con e<span class=\"_ _3\"></span>ntidades de cr\u00e9dito<span class=\"_ _65\"> </span><span class=\"_ _3\"></span>- Los p<span class=\"_ _3\"></span>r\u00e9stamos, o<span class=\"_ _3\"></span>bligaciones y <span class=\"_ _3\"></span>similares <span class=\"_ _3\"></span>se registra<span class=\"_ _3\"></span>n inicialmente <span class=\"_ _3\"></span>a v<span class=\"_ _3\"></span>alor razon<span class=\"_ _3\"></span>able, valor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>normalmente coincide con el efectiv<span class=\"_ _3\"></span>o recibido, neto d<span class=\"_ _3\"></span>e los costes in<span class=\"_ _3\"></span>curridos en la trans<span class=\"_ _3\"></span>acci\u00f3n. En periodos p<span class=\"_ _3\"></span>osteriores, la totalidad de estas d<span class=\"_ _3\"></span>eudas se valora a su co<span class=\"_ _3\"></span>ste amortizado, utilizando el m\u00e9todo d<span class=\"_ _3\"></span>el tipo de inter\u00e9s efectivo.<span class=\"_ _65\"> </span>Los gastos finan<span class=\"_ _3\"></span>cieros as\u00ed como los costes de estru<span class=\"_ _3\"></span>cturaci\u00f3n, se registran seg\u00fan el criterio del devengo <span class=\"_ _3\"></span>en el Estado de Resultad<span class=\"_ _3\"></span>o consolidado utiliza<span class=\"_ _3\"></span>ndo el m\u00e9todo del inter\u00e9s efectivo<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span>  Las <span class=\"_ _10\"></span>operaciones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>refin<span class=\"_ _3\"></span>anciaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>deuda <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciera <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>contabilizan <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>cancelaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"> </span>pasivo<span class=\"_ _3\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ustancialmente <span class=\"_ _10\"></span>diferentes. <span class=\"_ _0\"></span>Esto <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>produce <span class=\"_ _0\"></span>cuand<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>act<span class=\"_ _3\"></span>ual <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"> </span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>fectivo descontados<span class=\"_ _3\"></span> bajo <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>nuevas condiciones, incluyendo cualquier <span class=\"_ _d\"></span>com<span class=\"_ _3\"></span>isi\u00f3n pagada neta <span class=\"_ _2\"></span>de cualquier <span class=\"_ _2\"></span>comisi\u00f3n recibida, y utilizando para hacer el <span class=\"_ _2\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al <span class=\"_ _3\"></span>menos en un 10% del valor actual descontado de los flujos de <span class=\"_ _2\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por su<span class=\"_ _2\"></span> parte, <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>costes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>estru<span class=\"_ _3\"></span>cturaci\u00f3n <span class=\"_ _10\"> </span>pendientes <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>imputar <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>resu<span class=\"_ _3\"></span>ltados <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>financiaci\u00f3n <span class=\"_ _10\"> </span>can<span class=\"_ _3\"></span>celada <span class=\"_ _10\"> </span>se imputan <span class=\"_ _f\"></span>\u00edntegramente <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>resultados <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>momento <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>cancelaci\u00f3n. <span class=\"_ _f\"></span>Si <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>operaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>refinanciaci\u00f3n <span class=\"_ _f\"></span>no cumple los criterios descritos para registrarse como una can<span class=\"_ _3\"></span>celaci\u00f3n del pasivo financiero original, los flujos modificados <span class=\"_ _16\"> </span>se  descuentan<span class=\"_ _3\"></span>  al <span class=\"_ _16\"> </span>tipo  d<span class=\"_ _3\"></span>e  inter\u00e9s <span class=\"_ _16\"> </span>efectivo <span class=\"_ _16\"> </span>original<span class=\"_ _3\"></span>, <span class=\"_ _16\"> </span>reconociendo  en <span class=\"_ _16\"> </span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _16\"> </span>cualquier diferencia <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _10\"></span>contable <span class=\"_ _0\"></span>previo. <span class=\"_ _10\"></span>Los <span class=\"_ _0\"></span>gastos <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>cieros, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>estructuraci\u00f3n, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e registran <span class=\"_ _10\"></span>seg\u00fan <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _10\"> </span>de<span class=\"_ _3\"></span>l <span class=\"_ _10\"></span>devengo <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _10\"> </span>consolidado <span class=\"_ _10\"> </span>utilizando <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>del inter\u00e9s efectivo.<span class=\"_ _3\"></span> La recompras de instrumentos de deuda im<span class=\"_ _2\"></span>plica que la deuda queda extinguida, <span class=\"_ _2\"></span>incluso en el <span class=\"_ _2\"></span>caso de que e<span class=\"_ _2\"></span>l emisor intente revenderlo en <span class=\"_ _3\"></span>un futuro<span class=\"_ _3\"></span> inmediato.<span class=\"_ _65\"> </span>Acreedores comerciale<span class=\"_ _3\"></span>s y otras cuentas a p<span class=\"_ _3\"></span>agar<span class=\"_ _3\"></span>- Los <span class=\"_ _13\"> </span>acreedores <span class=\"_ _10\"> </span>comerciales <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>otras <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>pagar <span class=\"_ _10\"> </span>derivados <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>operaciones <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>son<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>pasivo<span class=\"_ _3\"></span>s financieros <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>mayor <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _d\"></span>presentan <span class=\"_ _2\"></span>vencimiento <span class=\"_ _d\"></span>a corto <span class=\"_ _d\"></span>plazo <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>no <span class=\"_ _d\"></span>devengan <span class=\"_ _2\"></span>intereses. <span class=\"_ _d\"></span>Estos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>saldos se registran inicialment<span class=\"_ _3\"></span>e a su valor razonab<span class=\"_ _3\"></span>le y <span class=\"_ _3\"></span>posteriormente a su cos<span class=\"_ _3\"></span>te amortizado.<span class=\"_ _65\"> </span> El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"_ _2\"></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=\"_ _2\"></span>en la <span class=\"_ _2\"></span>partida de <span class=\"ff6\">\u201cAcreedores comerciales y <span class=\"_ _2\"></span>otras cuentas a <span class=\"_ _2\"></span>pagar\u201d, y <span class=\"_ _2\"></span>se clasifican <span class=\"_ _2\"></span>en </span>el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"_ _2\"></span>xplotaci\u00f3n, en la medida en que ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"_ _2\"></span> las e<span class=\"_ _2\"></span>ntidades financieras, manteni\u00e9ndose como obliga<span class=\"_ _3\"></span>do primario al pago de las<span class=\"_ _2\"></span> deudas frente <span class=\"_ _2\"></span>a lo<span class=\"_ _2\"></span>s acreedores <span class=\"_ _2\"></span>comerciales (c<span class=\"_ _2\"></span>onfirming sin r<span class=\"_ _2\"></span>ecurso). En <span class=\"_ _2\"></span>caso de<span class=\"_ _2\"></span> que <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>obligado primario <span class=\"_ _2\"></span>sea una entidad fin<span class=\"_ _3\"></span>anciera, estas cesiones se tra<span class=\"_ _3\"></span>tan como deudas<span class=\"_ _3\"></span> con entidades d<span class=\"_ _3\"></span>e cr\u00e9dito.<span class=\"_ _3\"></span> Instrumento<span class=\"_ _3\"></span>s de Patrimonio Un  instrumento  de <span class=\"_ _13\"> </span>patrimonio  representa  una <span class=\"_ _13\"> </span>participaci\u00f3n  residual  en <span class=\"_ _13\"> </span>el  patrimonio  de <span class=\"_ _13\"> </span>la  Sociedad Dominante, una v<span class=\"_ _3\"></span>ez deducidos to<span class=\"_ _3\"></span>dos sus pasivos.<span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>instrumentos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>capital <span class=\"_ _3\"></span>emitidos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>patrimonio <span class=\"_ _f\"></span>neto <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>recibido, neto de los gas<span class=\"_ _3\"></span>tos de emisi\u00f3n.<span class=\"_ _65\"> </span>Las acciones p<span class=\"_ _3\"></span>ropias que adquiere ENCE se registran a su coste de adquisici\u00f3n<span class=\"_ _3\"></span>, y se presentan minorando el patrimonio neto. Los resu<span class=\"_ _3\"></span>ltados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los instru<span class=\"_ _3\"></span>mentos del patrimonio prop<span class=\"_ _3\"></span>io se reconocen directam<span class=\"_ _3\"></span>ente en patri<span class=\"_ _3\"></span>monio neto<span class=\"_ _3\"></span>. La <span class=\"_ _f\"></span>amortizaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>accion<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>ENCE, <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>lugar <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>reducci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>capita<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>impor<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>ominal <span class=\"_ _f\"></span>de dichas acciones y la diferencia positiva o negativa entre el <span class=\"_ _2\"></span>precio de adquisici\u00f3n y el nominal de las acciones se carga o abon<span class=\"_ _3\"></span>a a cuentas de reservas<span class=\"_ _3\"></span>. Los <span class=\"_ _3\"></span>div<span class=\"_ _3\"></span>idendos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>resultado <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>ejercicio, <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>div<span class=\"_ _3\"></span>idendos <span class=\"_ _3\"></span>complementarios <span class=\"_ _f\"></span>pagados p<span class=\"_ _3\"></span>or ENCE minoran el Patrimon<span class=\"_ _3\"></span>io Neto en el momento d<span class=\"_ _3\"></span>e su aprobaci\u00f3<span class=\"_ _3\"></span>n.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> 3.8<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Instrumentos financieros<span class=\"_ _2\"></span> derivados y opera<span class=\"_ _2\"></span>ciones de cob<span class=\"_ _2\"></span>ertura </span>Las actividades del Grupo lo <span class=\"_ _2\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _2\"></span>de mercado de<span class=\"_ _2\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _2\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _2\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>pasta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>papel <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>me<span class=\"_ _3\"></span>rcado <span class=\"_ _3\"></span>intern<span class=\"_ _3\"></span>acional <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>\u00f3lares, <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>pias <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>tipo de cambio <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>ventas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>divisa, 3) <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>celulosa, <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>biometano, <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>fuel-oil, <span class=\"_ _3\"></span>el gas <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _3\"></span>el\u00e9ctrica, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4) <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>evoluci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>tipos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ter\u00e9s. <span class=\"_ _3\"></span>Pa<span class=\"_ _f\"></span>ra <span class=\"_ _3\"></span>cubrir <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>exposiciones <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo puede <span class=\"_ _2\"></span>utilizar <span class=\"_ _d\"></span>ins<span class=\"_ _3\"></span>trumentos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>derivados. <span class=\"_ _2\"></span>No <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>pol\u00edtica <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tratar <span class=\"_ _2\"></span>instrumentos <span class=\"_ _2\"></span>financieros derivados con<span class=\"_ _3\"></span> fines especulativos.<span class=\"_ _3\"></span> Estos <span class=\"_ _16\"> </span>instrumentos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>financieros <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>valoran <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>todo <span class=\"_ _16\"> </span>momento <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>su<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>alor <span class=\"_ _16\"> </span>razonable,<span class=\"_ _3\"></span>  registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _16\"> </span>las variaciones <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>\u201cInstrumentos f<span class=\"_ _2\"></span>inancieros <span class=\"_ _2\"></span>derivados\u201d<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>pasivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>Situaci\u00f3n Financiera consolidado s<span class=\"_ _3\"></span>i son negativas, y como \u201cActivos<span class=\"_ _3\"></span> fi<span class=\"ff3\">nan<span class=\"_ _3\"></span>cieros </span>\u2013<span class=\"ff3\"> </span>Derivados d<span class=\"_ _3\"></span>e cobertura\u201d si s<span class=\"_ _3\"></span>on positivas.<span class=\"_ _65\"> </span> <span class=\"ff3\"> </span>Los <span class=\"_ _3\"></span>beneficios <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dichas <span class=\"_ _3\"></span>fluctuaciones <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>Resultado<span class=\"_ _f\"></span> con<span class=\"_ _3\"></span>solidado <span class=\"_ _3\"></span>como un re<span class=\"_ _2\"></span>sultado financiero, <span class=\"_ _2\"></span>salvo <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>derivad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>una parte <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>haya sido <span class=\"_ _2\"></span>designado <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>instrumento de cobertura y \u00e9sta<span class=\"_ _3\"></span> sea altamente efectiva, en cu<span class=\"_ _3\"></span>yo caso s<span class=\"_ _3\"></span>u registro es el siguiente:<span class=\"_ _65\"> </span>1.<span class=\"ls0_1\"> <span class=\"_ _1f\"> </span>Coberturas <span class=\"_ _3\"></span>de valor <span class=\"_ _3\"></span>razonable: el <span class=\"_ _3\"></span>elemento <span class=\"_ _3\"></span>cubierto se <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>su valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>al igual q<span class=\"_ _3\"></span>ue el </span>instrumento <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura, <span class=\"_ _2\"></span>registr\u00e1ndose <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>variacion<span class=\"_ _3\"></span>es <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>valor <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>ambos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Estado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Resultado<span class=\"_ _3\"></span> consolidado<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>  2.<span class=\"ls0_1\"> <span class=\"_ _1f\"> </span>Coberturas de <span class=\"_ _2\"></span>flujos de <span class=\"_ _2\"></span>efectivo: <span class=\"_ _2\"></span>la parte <span class=\"_ _2\"></span>eficaz <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>cambios en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>razonable de <span class=\"_ _2\"></span>los derivados </span>que se <span class=\"_ _2\"></span>designan y <span class=\"_ _2\"></span>califican <span class=\"_ _2\"></span>como coberturas de <span class=\"_ _d\"></span>flujo<span class=\"_ _3\"></span>s de <span class=\"_ _2\"></span>efectivo <span class=\"_ _2\"></span>se reconoce <span class=\"_ _d\"></span>en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201cAjustes en <span class=\"_ _13\"> </span>patrimonio  por<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>valoraci\u00f3n\u201d  del <span class=\"_ _13\"> </span>\u201cEstado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Resultado <span class=\"_ _13\"> </span>Global <span class=\"_ _13\"> </span>consolidado\u201d.  La<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>ganancia <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>la p\u00e9rdida <span class=\"_ _f\"></span>relacion<span class=\"_ _3\"></span>ada <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>eficaz <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>reconoce <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>mediatamente<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>Esta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado consolidado,<span class=\"_ _3\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _3\"></span> en valor razonab<span class=\"_ _3\"></span>le de instrumentos fin<span class=\"_ _3\"></span>ancieros\u201d<span class=\"_ _3\"></span></span><span class=\"ls13\">.<span class=\"_ _65\"> </span></span>Cuando <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>contratos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>opci\u00f3n <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>usan <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>cubrir <span class=\"_ _10\"> </span>trans<span class=\"_ _3\"></span>acciones <span class=\"_ _13\"> </span>previstas, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>grupo <span class=\"_ _10\"> </span>eval\u00faa  si <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>ichas transacciones  son <span class=\"_ _13\"> </span>altamente <span class=\"_ _13\"> </span>probables, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>ese <span class=\"_ _13\"> </span>caso <span class=\"_ _13\"> </span>designa <span class=\"_ _13\"> </span>tanto  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>intr\u00ednseco <span class=\"_ _13\"> </span>como <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>valor temporal del contrato d<span class=\"_ _3\"></span>e opci\u00f3n como in<span class=\"_ _3\"></span>strumento de c<span class=\"_ _3\"></span>obertura. <span class=\"_ _3\"></span> Al <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>cobertura, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>esigna <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>documenta <span class=\"_ _3\"></span>formalmente <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>relaciones <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cobertu<span class=\"_ _3\"></span>ra, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _f\"></span>como el<span class=\"_ _3\"></span> objetivo y <span class=\"_ _2\"></span>la estrategia <span class=\"_ _2\"></span>que asume <span class=\"_ _2\"></span>con re<span class=\"_ _2\"></span>specto a <span class=\"_ _2\"></span>las mismas. La <span class=\"_ _2\"></span>documentaci\u00f3n incluye la <span class=\"_ _2\"></span>identificaci\u00f3n del instrumento de cob<span class=\"_ _3\"></span>ertura, la partida cubie<span class=\"_ _3\"></span>rta, la naturaleza del riesgo cu<span class=\"_ _3\"></span>bierto y la forma en la q<span class=\"_ _3\"></span>ue se mide la <span class=\"_ _10\"> </span>eficacia <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cobertura. <span class=\"_ _10\"> </span>Igualmente, <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>inicio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cobertura <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _10\"></span>continua <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>eval\u00faa <span class=\"_ _10\"> </span>si <span class=\"_ _10\"> </span>la cobertura <span class=\"_ _10\"> </span>es <span class=\"_ _13\"> </span>eficaz. <span class=\"_ _10\"></span>Dicha <span class=\"_ _10\"> </span>eficacia <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>verifica <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>trav\u00e9s <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>\u201ctest <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>eficacia\u201d  <span class=\"ff3\">donde <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>chequea <span class=\"_ _10\"> </span>si <span class=\"_ _13\"> </span>es<span class=\"_ _2\"></span> </span>esperable <span class=\"_ _3\"></span>prosp<span class=\"_ _3\"></span>ectivamente <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el valo<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>o en <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>efe<span class=\"_ _2\"></span>ctivo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la p<span class=\"_ _3\"></span>artida cubierta <span class=\"_ _15\"> </span>(atribuibles <span class=\"_ _17\"> </span>al <span class=\"_ _19\"> </span>ri<span class=\"_ _3\"></span>esgo <span class=\"_ _15\"> </span>cub<span class=\"_ _3\"></span>ierto) <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>comp<span class=\"_ _3\"></span>ensen <span class=\"_ _15\"> </span>razonab<span class=\"_ _3\"></span>lemente <span class=\"_ _15\"> </span>con <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>cor<span class=\"_ _3\"></span>respondientes <span class=\"_ _17\"> </span>al instrumento de <span class=\"_ _2\"></span>cobertura. El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>derivados<span class=\"_ _3\"></span> incluye <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ajuste de <span class=\"_ _d\"></span>riesgo de <span class=\"_ _2\"></span>cr\u00e9dito de <span class=\"_ _2\"></span>forma que sus variacion<span class=\"_ _3\"></span>es son consideradas en la<span class=\"_ _3\"></span> medici\u00f3n de la eficacia.<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>evaluaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cualitativa <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>eficacia, <span class=\"_ _f\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>cond<span class=\"_ _3\"></span>iciones <span class=\"_ _f\"></span>fundamentales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del instrumento <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>partida <span class=\"_ _3\"></span>cubierta <span class=\"_ _f\"></span>coincidan. <span class=\"_ _3\"></span>Cuando <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>diciones <span class=\"_ _3\"></span>fundamentales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>plenamente coincidentes, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>utiliza <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>erivado <span class=\"_ _13\"> </span>hipo<span class=\"_ _3\"></span>t\u00e9tico <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>condiciones <span class=\"_ _13\"> </span>fundamentales <span class=\"_ _13\"> </span>equivalentes <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>la partida cubierta p<span class=\"_ _3\"></span>ara evaluar y medir la ineficacia.<span class=\"_ _f\"></span> ENCE <span class=\"_ _3\"></span>interrumpe <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>pros<span class=\"_ _3\"></span>pectiva <span class=\"_ _3\"></span>s\u00f3lo <span class=\"_ _3\"></span>cuando<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>parte de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>de cobertura <span class=\"_ _3\"></span>deja <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cumplir <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>requisitos <span class=\"_ _3\"></span>cualificados. <span class=\"_ _3\"></span>Esto <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>instrumento<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura <span class=\"_ _d\"></span>exp<span class=\"_ _3\"></span>ira, <span class=\"_ _d\"></span>es vendido, <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>ejercido, e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>objetivo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>g<span class=\"_ _3\"></span>esti\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go <span class=\"_ _d\"></span>ha cambiado, <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>efecto <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>riesgo de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>dom<span class=\"_ _3\"></span>ina <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>valor, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>instrumento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _f\"></span>llega a <span class=\"_ _f\"></span>vencimiento <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>liquidado<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>o deja <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>existir <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ubyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _0\"></span>efectos, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>sustitu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>reno<span class=\"_ _3\"></span>vaci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>instru<span class=\"_ _3\"></span>mento <span class=\"_ _f\"></span>de cobertura <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>expiraci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>finalizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _10\"> </span>que <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>operaci\u00f3n <span class=\"_ _10\"> </span>sea <span class=\"_ _10\"></span>consistente <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _3\"></span> de riesgo del Grupo.<span class=\"_ _3\"></span> En <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>coberturas <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"> </span>flujos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>efectivo, <span class=\"_ _10\"> </span>tras <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>interrupci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>relaci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>cobertura, <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>importe acumulado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Otro <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>Global <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e reconoce <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _3\"></span>hasta <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>transacci\u00f3n<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>revista <span class=\"_ _3\"></span>tenga lugar. As\u00ed <span class=\"_ _3\"></span>mismo, los<span class=\"_ _3\"></span> importes <span class=\"_ _3\"></span>acumulados <span class=\"_ _3\"></span>en O<span class=\"_ _3\"></span>tro <span class=\"_ _3\"></span>Resultado Glob<span class=\"_ _3\"></span>al se <span class=\"_ _3\"></span>reclasifican como <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>o gas<span class=\"_ _3\"></span>tos financieros cuand<span class=\"_ _3\"></span>o el Grupo no espera q<span class=\"_ _3\"></span>ue la transacci\u00f3n p<span class=\"_ _3\"></span>revista vaya a produ<span class=\"_ _3\"></span>cirse.<span class=\"_ _3\"></span> Los <span class=\"_ _10\"></span>derivados <span class=\"_ _10\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>otros <span class=\"_ _10\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>contabilizados <span class=\"_ _10\"></span>separadamente <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _10\"></span>el Grupo <span class=\"_ _2\"></span>considera que <span class=\"_ _d\"></span>sus carac<span class=\"_ _2\"></span>ter\u00edsticas y <span class=\"_ _d\"></span>riesgos no <span class=\"_ _d\"></span>est\u00e1n es<span class=\"_ _2\"></span>trechamente relacionados <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>instrumentos financieros <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>encuentran <span class=\"_ _f\"></span>impl\u00edcitos<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>instrumento <span class=\"_ _f\"></span>f<span class=\"_ _3\"></span>inanciero <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>cues<span class=\"_ _3\"></span>ti\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>su conjunto no <span class=\"_ _2\"></span>est\u00e9 <span class=\"_ _2\"></span>siendo <span class=\"_ _2\"></span>contabilizado a <span class=\"_ _d\"></span>valor razonable <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cambios e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>resultados<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>tiene <span class=\"_ _2\"></span>derivados impl\u00edcitos que sean o<span class=\"_ _3\"></span>bjeto de contabilidad<span class=\"_ _3\"></span> separada.<span class=\"_ _3\"></span> Valor razonable de los<span class=\"_ _3\"></span> instrumento<span class=\"_ _3\"></span>s financieros derivados<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _f\"></span>financieros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>etermina <span class=\"_ _f\"></span>utilizando<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>siguiente <span class=\"_ _0\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _3\"></span> 27<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel 1: por observ<span class=\"_ _3\"></span>aci\u00f3n directa de la cotizaci\u00f3n<span class=\"_ _3\"></span> en mercados a<span class=\"_ _3\"></span>ctivos, de activos y p<span class=\"_ _3\"></span>asivos id\u00e9nticos. <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _3\"></span>2: empleando <span class=\"_ _3\"></span>inp<span class=\"_ _3\"></span>uts <span class=\"_ _3\"></span>disponibles <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>activos, <span class=\"_ _3\"></span>diferentes <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>precios de <span class=\"_ _3\"></span>cotizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>que </span></span>son aplicables<span class=\"_ _3\"></span> a los activos y pasivos<span class=\"_ _3\"></span>, tanto directa como indirectamente.<span class=\"_ _f\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _0\"></span>3: <span class=\"_ _f\"></span>utiliza<span class=\"_ _3\"></span>ndo <span class=\"_ _0\"></span>t\u00e9cnicas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>valoraci\u00f3n <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>mercados </span></span>activos.<span class=\"_ _65\"> </span>La <span class=\"_ _f\"></span>determinaci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>razonable <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>principales <span class=\"_ _f\"></span>instrumentos <span class=\"_ _f\"></span>financieros <span class=\"_ _f\"></span>derivados se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _3\"></span> este tipo de instrumentos financieros<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>a partir de datos facilitados por agencias<span class=\"_ _3\"></span> de informaci\u00f3n o dat<span class=\"_ _3\"></span>os de organismos oficiales<span class=\"_ _3\"></span>, d<span class=\"_ _3\"></span>el siguiente mod<span class=\"_ _3\"></span>o: \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>permutas de <span class=\"_ _d\"></span>tipo de <span class=\"_ _d\"></span>inter\u00e9s se determina <span class=\"_ _d\"></span>actualizan<span class=\"_ _3\"></span>do las <span class=\"_ _d\"></span>liquid<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _2\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _2\"></span>de tipos swap a largo plazo<span class=\"_ _3\"></span>. Se utiliza la volatilidad impl\u00edcita p<span class=\"_ _3\"></span>ara el c\u00e1lculo d<span class=\"_ _3\"></span>e los valores razon<span class=\"_ _3\"></span>ables.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>cas<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>contratos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>tipo  de <span class=\"_ _10\"> </span>cambio  a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>futuro, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>u <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>determina  utilizando <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> </span></span>cotizaciones <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _10\"> </span>contado <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cambio <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>las <span class=\"_ _10\"></span>curvas <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>inter\u00e9s <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _3\"></span>mo el empleo de la v<span class=\"_ _3\"></span>olatilidad impl\u00edcita<span class=\"_ _3\"></span> hasta<span class=\"_ _3\"></span> el vencimiento en el caso <span class=\"_ _3\"></span>de opciones. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>razonable <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>contratos  de <span class=\"_ _10\"> </span>compraventa  de <span class=\"_ _10\"> </span>ele<span class=\"_ _3\"></span>mentos <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>financieros <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _3\"></span>NIIF <span class=\"_ _3\"></span>9 (precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la celulos<span class=\"_ _3\"></span>a y <span class=\"_ _3\"></span>precio de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>energ\u00eda prin<span class=\"_ _3\"></span>cipalmente) se <span class=\"_ _3\"></span>calcula <span class=\"_ _3\"></span>a par<span class=\"_ _3\"></span>tir de <span class=\"_ _3\"></span>la mejor <span class=\"_ _3\"></span>estima<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>curvas <span class=\"_ _3\"></span>futuras<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>recios <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>elementos <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>cieros, <span class=\"_ _3\"></span>existen<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _3\"></span> a plazo.  Los valores <span class=\"_ _2\"></span>razonables se <span class=\"_ _d\"></span>aj<span class=\"_ _3\"></span>ustan por <span class=\"_ _d\"></span>el impacto e<span class=\"_ _2\"></span>sperado del <span class=\"_ _d\"></span>riesgo de cr\u00e9dito <span class=\"_ _2\"></span>observable de <span class=\"_ _d\"></span>la contraparte en <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>escenarios <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valoraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>positivos, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>impacto <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>riesgo <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>cr\u00e9dito <span class=\"_ _13\"> </span>propio <span class=\"_ _13\"> </span>observable <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>los escenarios de valo<span class=\"_ _3\"></span>raci\u00f3n negativos.<span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>valores <span class=\"_ _f\"></span>obtenidos <span class=\"_ _f\"></span>utilizando <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tas <span class=\"_ _f\"></span>t\u00e9cnicas <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>on <span class=\"_ _f\"></span>contrastados <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>financieras <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que ENCE tiene contrata<span class=\"_ _3\"></span>dos estos instrumentos fin<span class=\"_ _3\"></span>ancieros.<span class=\"_ _3\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _3\"></span>encuadradas <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>nivel 2 de <span class=\"_ _3\"></span>la jerarq<span class=\"_ _3\"></span>u\u00eda de <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>razonables <span class=\"_ _3\"></span>establecida p<span class=\"_ _3\"></span>or la NIIF <span class=\"_ _3\"></span>13, po<span class=\"_ _3\"></span>r estar los inputs basad<span class=\"_ _3\"></span>os en precios cotizados par<span class=\"_ _3\"></span>a instru<span class=\"_ _3\"></span>mentos similares en mercados activos<span class=\"_ _3\"></span> (no incluidos en el nivel <span class=\"_ _d\"></span>1), precios <span class=\"_ _d\"></span>cotizados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>para <span class=\"_ _2\"></span>instrumentos id\u00e9nticos <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>similares <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>mercados <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>so<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>t\u00e9cnicas basadas <span class=\"_ _13\"> </span>en <span class=\"_ _10\"></span>modelos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>valora<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"> </span>para <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>cuales <span class=\"_ _10\"> </span>todos <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>inputs <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ignificativos  son <span class=\"_ _10\"></span>observables <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el mercado o <span class=\"_ _3\"></span>pueden s<span class=\"_ _3\"></span>er corrob<span class=\"_ _3\"></span>orados <span class=\"_ _3\"></span>por datos <span class=\"_ _3\"></span>observables d<span class=\"_ _3\"></span>e mercado. E<span class=\"_ _3\"></span>n dicha <span class=\"_ _3\"></span>clasificaci\u00f3n <span class=\"_ _3\"></span>se h<span class=\"_ _3\"></span>a tenido en <span class=\"_ _3\"></span>consideraci\u00f3n <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>riesgo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>utilizan <span class=\"_ _3\"></span>inputs <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nivel <span class=\"_ _3\"></span>3, como <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>estimaciones de <span class=\"_ _10\"> </span>cr\u00e9dito <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>funci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ra<span class=\"_ _3\"></span>ting <span class=\"_ _10\"> </span>crediticio <span class=\"_ _13\"> </span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>empresa<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>comparables <span class=\"_ _13\"> </span>para <span class=\"_ _10\"> </span>evaluar <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>robabilidad <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> quiebra <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>contraparte, <span class=\"_ _f\"></span>si <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>ien, <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>ajustes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>significativos. <span class=\"_ _f\"></span>Por <span class=\"_ _3\"></span>otra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>parte, <span class=\"_ _3\"></span>las contraprestacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tingentes <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>valores <span class=\"_ _17\"> </span>razonables <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>los <span class=\"_ _1a\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _15\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _15\"> </span>incorp<span class=\"_ _3\"></span>orados <span class=\"_ _17\"> </span>en combinaciones de negocios<span class=\"_ _3\"></span> quedan encuad<span class=\"_ _3\"></span>radas en el niv<span class=\"_ _3\"></span>el 3 de la jerarqu\u00eda (v\u00e9a<span class=\"_ _3\"></span>nse Nota<span class=\"_ _3\"></span>s 4 y 6<span class=\"ls18\">).<span class=\"_ _65\"> </span></span><span class=\"ls18\"><span class=\"_ _3\"></span></span> 3.9<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Clasificaci\u00f3n entre corrient<span class=\"_ _2\"></span>e y no corriente </span>En <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>stado <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>Situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _13\"> </span>Financiera <span class=\"_ _13\"> </span>consolidado, <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>asivos <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>clasifican  en <span class=\"_ _10\"> </span>funci\u00f3n  de <span class=\"_ _10\"> </span>su<span class=\"_ _3\"></span>s vencimientos, <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>decir, como <span class=\"_ _3\"></span>corrientes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>aquellos <span class=\"_ _f\"></span>con vencimiento <span class=\"_ _f\"></span>igual o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>inferior <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>oce meses <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>no corrientes los de v<span class=\"_ _3\"></span>encimiento superior a <span class=\"_ _3\"></span>dicho <span class=\"_ _3\"></span>per\u00edodo.  El efe<span class=\"_ _2\"></span>ctivo y otros <span class=\"_ _2\"></span>medios l\u00edquidos equivalentes se <span class=\"_ _2\"></span>clasifica <span class=\"_ _2\"></span>como corriente, excepto <span class=\"_ _2\"></span>en aquellos casos <span class=\"_ _2\"></span>en los que no <span class=\"_ _2\"></span>puedan ser <span class=\"_ _2\"></span>intercambiad<span class=\"_ _3\"></span>os o <span class=\"_ _2\"></span>utilizados para <span class=\"_ _2\"></span>cancelar un <span class=\"_ _2\"></span>pasivo, al <span class=\"_ _2\"></span>menos dentro <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>doces meses siguientes a la fecha d<span class=\"_ _3\"></span>e cierre. 28<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 En <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>clasificaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>pasivos <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _3\"></span>plazo, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _f\"></span>si <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>der<span class=\"_ _3\"></span>echo <span class=\"_ _3\"></span>incondici<span class=\"_ _3\"></span>onal <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>de cierre para aplazar la liq<span class=\"_ _3\"></span>uidaci\u00f3n de los p<span class=\"_ _3\"></span>asivos durante los doce meses s<span class=\"_ _3\"></span>iguientes a la fec<span class=\"_ _3\"></span>ha de cierre.<span class=\"_ _65\"> </span>3.10<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Existencias </span></span>Las existen<span class=\"_ _3\"></span>cias de materias <span class=\"_ _3\"></span>primas se <span class=\"_ _3\"></span>valoran al <span class=\"_ _3\"></span>coste de adquis<span class=\"_ _3\"></span>ici\u00f3n, que in<span class=\"_ _3\"></span>cluye el importe con<span class=\"_ _3\"></span>signado <span class=\"_ _3\"></span>en factura <span class=\"_ _0\"></span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>tod<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>costes <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>incurre <span class=\"_ _0\"></span>hasta <span class=\"_ _10\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>ENCE. <span class=\"_ _10\"></span>Las existencias <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>roductos <span class=\"_ _0\"></span>terminados <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>curso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>fabricaci\u00f3n <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>valoran <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>producci\u00f3n <span class=\"_ _10\"></span>que <span class=\"_ _f\"></span>se determina  incorp<span class=\"_ _3\"></span>orando <span class=\"_ _16\"> </span>el  coste <span class=\"_ _16\"> </span>de  los <span class=\"_ _16\"> </span>materiales,  ma<span class=\"_ _3\"></span>no  d<span class=\"_ _3\"></span>e  obra, <span class=\"_ _16\"> </span>y  gastos <span class=\"_ _16\"> </span>directos <span class=\"_ _16\"> </span>y  generales <span class=\"_ _16\"> </span>de fabricaci\u00f3n.  En la asigna<span class=\"_ _3\"></span>ci\u00f3n de valor a sus inventarios<span class=\"_ _3\"></span> el Grupo utiliza el m\u00e9todo d<span class=\"_ _3\"></span>el coste medio pon<span class=\"_ _3\"></span>derado. <span class=\"_ _3\"></span> El Grupo realiza deterioros de sus existencias, con cargo a <span class=\"_ _2\"></span>resultados de explotaci\u00f3n, para <span class=\"_ _2\"></span>ajustar su valor al valor <span class=\"_ _10\"> </span>estimado<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>real<span class=\"_ _3\"></span>izaci\u00f3n, <span class=\"_ _13\"> </span>cuando <span class=\"_ _10\"> </span>\u00e9ste <span class=\"_ _10\"> </span>es <span class=\"_ _13\"> </span>inferior <span class=\"_ _10\"></span>al <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>alor <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cos<span class=\"_ _3\"></span>te. <span class=\"_ _10\"> </span>Cuando <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>circunsta<span class=\"_ _3\"></span>ncias <span class=\"_ _10\"> </span>que previamente causaron la<span class=\"_ _3\"></span> correcci\u00f3n de va<span class=\"_ _3\"></span>lor dejan de existir s<span class=\"_ _3\"></span>e procede a revertir dichos d<span class=\"_ _3\"></span>eterioros.<span class=\"_ _3\"></span> Derechos de em<span class=\"_ _3\"></span>isi\u00f3n de gases de efecto in<span class=\"_ _3\"></span>vernadero para uso propio<span class=\"_ _3\"></span>- Los <span class=\"_ _0\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>emisi\u00f3n <span class=\"_ _10\"></span>adquiridos, <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>cuyo <span class=\"_ _f\"></span>des<span class=\"_ _3\"></span>tino <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fundamentalmente <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>utilizaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>procesos productivos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>existen<span class=\"_ _3\"></span>cias <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>valoran<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquis<span class=\"_ _3\"></span>ici\u00f3n, <span class=\"_ _f\"></span>calculado mediante <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _3\"></span>del p<span class=\"_ _3\"></span>recio <span class=\"_ _3\"></span>medio p<span class=\"_ _3\"></span>onderado, <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>bien, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>su v<span class=\"_ _3\"></span>alor <span class=\"_ _3\"></span>estimado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>realizaci\u00f3n, <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>\u00faltimo es inferior.  Los <span class=\"_ _10\"> </span>derechos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>emisi\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>recibidos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>t\u00edt<span class=\"_ _3\"></span>ulo <span class=\"_ _10\"> </span>gratuito,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>conforme <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>r\u00e9gimen <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>co<span class=\"_ _3\"></span>mercio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"> </span>de emisi\u00f3n, <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cen <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>venal,<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>registr\u00e1ndose <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>contrapartida <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>mismo <span class=\"_ _10\"></span>importe, <span class=\"_ _0\"></span>una subvenci\u00f3n de capital. Dicha subvenci\u00f3n se imputa a res<span class=\"_ _3\"></span>ultados a medida que se consumen los derechos de emisi\u00f3n recibidos.<span class=\"_ _3\"></span> Por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>umo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>derechos <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>ealizado <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>registra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>gasto <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>l\u00ed<span class=\"_ _2\"></span>nea <span class=\"_ _3\"></span>\u201cOtros<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Gastos de <span class=\"_ _3\"></span>explotaci\u00f3n\u201d <span class=\"_ _f\"></span>del E<span class=\"_ _3\"></span>stado <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>solidado, <span class=\"_ _f\"></span>reco<span class=\"_ _2\"></span>nociendo <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>provis<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>cuyo <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>calcula<span class=\"_ _3\"></span> en <span class=\"_ _f\"></span>funci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>derechos <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>onsumidos<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>valorados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>coste <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>el valor <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>libros <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>aq<span class=\"_ _3\"></span>uellos <span class=\"_ _d\"></span>derechos <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>pos<span class=\"_ _3\"></span>ean <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>cierre <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>periodo, <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>valor <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>compra <span class=\"_ _2\"></span>establecido en los contratos de compra a plazo d<span class=\"_ _3\"></span>isponibles, y con el valor de mercado al cierre d<span class=\"_ _3\"></span>el periodo p<span class=\"_ _3\"></span>ara el resto de derechos. Cuando <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>derechos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>emisi\u00f3n <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>sumidos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>entregan <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>autoridades, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>dan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>baja <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"_ _2\"></span>derechos como la provi<span class=\"_ _2\"></span>si\u00f3n constituida asociada al consumo de dicho<span class=\"_ _3\"></span>s derechos<span class=\"_ _3\"></span>. Certificados de <span class=\"_ _3\"></span>garant\u00eda de origen <span class=\"_ _3\"></span>renovable- Los <span class=\"_ _16\"> </span>certificados  de <span class=\"_ _16\"> </span>garant\u00eda<span class=\"_ _3\"></span>  de <span class=\"_ _16\"> </span>origen <span class=\"_ _16\"> </span>renovable  g<span class=\"_ _3\"></span>enerados <span class=\"_ _16\"> </span>en  la <span class=\"_ _16\"> </span>producci\u00f3n <span class=\"_ _16\"> </span>de  energ\u00eda <span class=\"_ _16\"> </span>a  p<span class=\"_ _3\"></span>artir  de instalaciones p<span class=\"_ _3\"></span>ropias que hacen uso de recursos <span class=\"_ _3\"></span>renovables s<span class=\"_ _3\"></span>e <span class=\"ff6\">registran el cap\u00edtulo \u201cExistencias\u201d del Es<span class=\"_ _3\"></span>tado </span>de <span class=\"_ _3\"></span>Situaci\u00f3n <span class=\"_ _f\"></span>Financiera <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>valoran <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>certificaci\u00f3n<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>Posteriormente,<span class=\"_ _3\"></span> se valoran al menor <span class=\"_ _3\"></span>entre su coste y s<span class=\"_ _3\"></span>u valor neto de realizaci\u00f3n.<span class=\"_ _f\"></span>  3.11<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Subvenciones </span></span>Las subvencion<span class=\"_ _3\"></span>es de capital no reintegrables, asociadas a inversiones en activ<span class=\"_ _3\"></span>os productivos, se valoran por el <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>concedido, <span class=\"_ _3\"></span>neto <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>incurridos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>obtenci\u00f3n, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconocen cuando se <span class=\"_ _d\"></span>han<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cumplido <span class=\"_ _2\"></span>los requisitos <span class=\"_ _2\"></span>asociados<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>concesi\u00f3n. <span class=\"_ _2\"></span>Estas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>su<span class=\"_ _3\"></span>bvenciones <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>imputan a <span class=\"_ _2\"></span>resultados<span class=\"_ _65\"> </span>en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201c<span class=\"ff3\">Otros ingresos de explotaci\u00f3n<span class=\"_ _3\"></span></span>\u201d en proporci\u00f3n a la dotaci\u00f3n a <span class=\"_ _2\"></span>la amortizaci\u00f3n efectuada en el per\u00edodo para los<span class=\"_ _3\"></span> elementos sub<span class=\"_ _3\"></span>vencionados o<span class=\"_ _3\"></span>, en su cas<span class=\"_ _3\"></span>o, cuando se prod<span class=\"_ _3\"></span>uzca su enajenaci\u00f3<span class=\"_ _3\"></span>n o correcci\u00f3n valorativa p<span class=\"_ _3\"></span>or deterioro.<span class=\"_ _65\"> </span> Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>subv<span class=\"_ _3\"></span>enciones <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>mputan <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cOtros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ingreso<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>de explotaci\u00f3n\u201d <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>en q<span class=\"_ _3\"></span>ue se <span class=\"_ _3\"></span>conceden, <span class=\"_ _3\"></span>excepto <span class=\"_ _3\"></span>si s<span class=\"_ _3\"></span>e conceden <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>financiar <span class=\"_ _3\"></span>gastos <span class=\"_ _3\"></span>espec\u00edficos, en cuyo caso la<span class=\"_ _3\"></span> imputaci\u00f3n se realizar\u00e1 a medid<span class=\"_ _3\"></span>a que s<span class=\"_ _3\"></span>e devenguen los gasto<span class=\"_ _3\"></span>s subvencionados.<span class=\"_ _3\"></span> Los <span class=\"_ _16\"> </span>pr\u00e9stamos <span class=\"_ _16\"> </span>subvencion<span class=\"_ _3\"></span>ados <span class=\"_ _16\"> </span>sin <span class=\"_ _16\"> </span>inter\u00e9s <span class=\"_ _16\"> </span>o <span class=\"_ _16\"> </span>a  un <span class=\"_ _16\"> </span>tipo <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>inter\u00e9s <span class=\"_ _16\"> </span>inferior  al <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>me<span class=\"_ _3\"></span>rcado, <span class=\"_ _16\"> </span>otorgados principalmente <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>financiar <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>royectos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>I+D+i <span class=\"_ _f\"></span>e <span class=\"_ _f\"></span>inversiones <span class=\"_ _f\"></span>pro<span class=\"_ _3\"></span>ductivas, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>inicialmente <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su valor razonable en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe \u201cOtros <span class=\"_ _2\"></span>pasivos financieros\u201d<span class=\"_ _3\"></span> de<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>Estado<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>Situaci\u00f3n Financiera consolidado. La diferencia <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>importe<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>recibido <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>pr\u00e9sta<span class=\"_ _3\"></span>mo <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>gistra <span class=\"_ _10\"></span>inicialmente <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el ep\u00edgrafe <span class=\"_ _f\"></span>\u201cSub<span class=\"_ _3\"></span>venciones\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Esta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3n <span class=\"_ _0\"></span>Finan<span class=\"_ _3\"></span>ciera <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidado, <span class=\"_ _0\"></span>imput\u00e1ndose <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>result<span class=\"_ _f\"></span><span class=\"ff3\">ados <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el </span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201c<span class=\"_ _3\"></span>Subvenciones <span class=\"_ _10\"></span>transferidas <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>resultado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>ejerci<span class=\"_ _3\"></span>cio\u201d <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>medida <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciados <span class=\"_ _10\"></span>con dicho pr\u00e9stamo s<span class=\"_ _3\"></span>e amortizan. <span class=\"_ _3\"></span> Certificados de ah<span class=\"_ _3\"></span>orro energ\u00e9tico El <span class=\"_ _3\"></span>Negocio <span class=\"_ _3\"></span>Celulos<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>gener<span class=\"_ _3\"></span>ado <span class=\"_ _3\"></span>importan<span class=\"_ _3\"></span>tes <span class=\"_ _f\"></span>ahorros <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>haber <span class=\"_ _3\"></span>llevado <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cab<span class=\"_ _3\"></span>o actuaciones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>eficiencia <span class=\"_ _3\"></span>ene<span class=\"_ _3\"></span>rg\u00e9tica <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>cedido <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>derechos <span class=\"_ _f\"></span>a u<span class=\"_ _3\"></span>na <span class=\"_ _3\"></span>comercializadora<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>espa\u00f1ola <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la obtenci\u00f3n de Certificados de Ahorro Energ\u00e9tico (CAE)<span class=\"_ _3\"></span>, en bas<span class=\"_ _3\"></span>e a lo <span class=\"_ _2\"></span>establecido en el Real Decreto 36/2023, de <span class=\"_ _13\"> </span>24 <span class=\"_ _13\"> </span>de  e<span class=\"_ _2\"></span>nero,  por <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece  el <span class=\"_ _13\"> </span>sistema  de <span class=\"_ _13\"> </span>Certificados  de <span class=\"_ _13\"> </span>Ahorro <span class=\"_ _13\"> </span>Energ\u00e9tico <span class=\"_ _13\"> </span>y  la <span class=\"_ _13\"> </span>Orden TED/815/2023, de 18 d<span class=\"_ _3\"></span>e julio, qu<span class=\"_ _3\"></span>e lo desarrolla.  Siguiendo <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>nor<span class=\"_ _3\"></span>ma <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>egistro <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>su<span class=\"_ _3\"></span>bvenciones, <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>Grupo<span class=\"_ _3\"></span> reconoce <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>ichas <span class=\"_ _2\"></span>transmision<span class=\"_ _3\"></span>es una <span class=\"_ _f\"></span>subvenci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>capital <span class=\"_ _f\"></span><span class=\"ff6\">en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201csubvenciones\u201d <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span></span>pasivo <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>corriente <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Situaci\u00f3<span class=\"_ _3\"></span>n Financiera <span class=\"_ _2\"></span>Consolidado por <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>importe <span class=\"_ _2\"></span>recibido <span class=\"_ _d\"></span>equ<span class=\"_ _3\"></span>ivalente <span class=\"_ _d\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>invers<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _d\"></span>realizad<span class=\"_ _3\"></span>a <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>activos <span class=\"_ _d\"></span>productiv<span class=\"_ _3\"></span>os y <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>ingreso<span class=\"_ _3\"></span> <span class=\"_ _0\"></span><span class=\"ff6\">en <span class=\"_ _10\"> </span>el <span class=\"_ _0\"></span>ep\u00edgra<span class=\"_ _3\"></span>fe <span class=\"_ _0\"></span>\u201c<span class=\"_ _3\"></span>Otros <span class=\"_ _10\"></span>ingresos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>explotaci\u00f3n\u201d <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Estado<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>solidado<span class=\"_ _f\"></span></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>el exceso del importe recibido s<span class=\"_ _3\"></span>obre el coste d<span class=\"_ _3\"></span>e las actuaciones realizad<span class=\"_ _3\"></span>as.<span class=\"_ _3\"></span> 3.12<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Instalaciones cedidas a te<span class=\"_ _2\"></span>rceros </span></span>Las <span class=\"_ _f\"></span>compensaciones <span class=\"_ _f\"></span>recibidas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>terceros <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>efectivo <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>cesi\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>derecho <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>uso <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>de acceso a la red <span class=\"_ _2\"></span>el\u00e9ctrica se contabilizan con abono al ep\u00edgrafe <span class=\"_ _2\"></span>\u201cPeriodificaciones a Largo Plazo\u201d del Estado de Situaci\u00f3n <span class=\"_ _f\"></span>Financiera <span class=\"_ _f\"></span>consolidado, <span class=\"_ _f\"></span>impu<span class=\"_ _3\"></span><span class=\"ff6\">t\u00e1ndose <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>resultados <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cOtros <span class=\"_ _f\"></span>ingresos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>explotaci\u00f3n\u201d </span>del Estado d<span class=\"_ _3\"></span>e resultado consolidado linealmente <span class=\"_ _3\"></span>en el periodo d<span class=\"_ _3\"></span>e vigencia del derecho.<span class=\"_ _f\"></span> El Grupo mantiene ingresos anticipados por e<span class=\"_ _2\"></span>ste concepto al 31 <span class=\"_ _2\"></span>de diciembre de <span class=\"_ _2\"></span>2025 y 2024 por importe de 2.734<span class=\"ls0_1\"> <span class=\"ff6\">miles \u20ac y</span> <span class=\"_ _3\"></span></span>2.930<span class=\"ls0_1\"> <span class=\"ff6\">miles \u20ac, <span class=\"_ _3\"></span>respectivamente.</span> </span>3.13<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Provisiones y contingen<span class=\"_ _2\"></span>cias<span class=\"_ _65\"> </span></span></span><span class=\"ff5\"><span class=\"ff2 fc2\"> </span></span>ENCE recoge provisiones para hacer <span class=\"_ _2\"></span>frente a obligaciones presentes, ya <span class=\"_ _2\"></span>sean legales o impl\u00edcitas, que tienen<span class=\"_ _2\"></span> su orige<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>sucesos ya <span class=\"_ _2\"></span>acaecidos<span class=\"_ _3\"></span>, <span class=\"_ _2\"></span>siempre <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>sea <span class=\"_ _2\"></span>probabl<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>vaya a <span class=\"_ _d\"></span>ser necesaria <span class=\"_ _2\"></span>una salida <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>recursos para liquidarlas<span class=\"_ _3\"></span>, y que su importe se p<span class=\"_ _3\"></span>ueda estimar ra<span class=\"_ _3\"></span>zonablemente. <span class=\"_ _3\"></span> Su <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>otaci\u00f3n <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>efect\u00faa <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>nacimie<span class=\"_ _2\"></span>nto <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la re<span class=\"_ _2\"></span>spons<span class=\"_ _3\"></span>abilidad <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la obligaci\u00f3n, <span class=\"_ _d\"></span>con <span class=\"_ _2\"></span>cargo <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Estado de <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>olidado <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>corr<span class=\"_ _3\"></span>esponda <span class=\"_ _3\"></span>seg\u00fan <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>nat<span class=\"_ _3\"></span>uraleza <span class=\"_ _3\"></span>de la<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obligaci\u00f3n, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>pres<span class=\"_ _3\"></span>ente d<span class=\"_ _3\"></span>e la <span class=\"_ _17\"> </span>misma <span class=\"_ _15\"> </span>cu<span class=\"_ _3\"></span>ando <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>efecto <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>esta<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>act<span class=\"_ _3\"></span>ualizaci\u00f3n <span class=\"_ _17\"> </span>resulte <span class=\"_ _17\"> </span>s<span class=\"_ _3\"></span>ignificativo. <span class=\"_ _17\"> </span>La <span class=\"_ _17\"> </span>variaci\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>provisi\u00f3n correspondiente a la <span class=\"_ _d\"></span>act<span class=\"_ _3\"></span>ualizaci\u00f3n financiera <span class=\"_ _2\"></span>de cada <span class=\"_ _2\"></span>ejercicio se <span class=\"_ _2\"></span>registra en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe \u201cGastos financieros\u201d del Estado d<span class=\"_ _3\"></span>e Resultado consolidado<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>Las <span class=\"_ _10\"></span>provisiones, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>cuantifican <span class=\"_ _0\"></span>teniend<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>consideraci\u00f3n <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>mejor <span class=\"_ _0\"></span>informa<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"></span>disponible <span class=\"_ _0\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _0\"></span>las consecuencias <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>suceso <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>traen <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>causa, <span class=\"_ _0\"></span>son <span class=\"_ _f\"></span>reestimadas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>ocasi\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _f\"></span>cierre <span class=\"_ _0\"></span>contable (v\u00e9ase Nota 4). Se u<span class=\"_ _3\"></span>tiliza una tas<span class=\"_ _3\"></span>a libre de riesgo para actu<span class=\"_ _3\"></span>alizar las provisiones finan<span class=\"_ _3\"></span>cieramente.<span class=\"_ _3\"></span> Los pa<span class=\"_ _2\"></span>sivos contingentes <span class=\"_ _2\"></span>constituyen <span class=\"_ _2\"></span>obligaciones po<span class=\"_ _2\"></span>sibles c<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>terceras <span class=\"_ _2\"></span>partes y<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>obligaciones existentes <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue no son recono<span class=\"_ _3\"></span>cidas bien porq<span class=\"_ _3\"></span>ue no es probab<span class=\"_ _3\"></span>le que se p<span class=\"_ _3\"></span>roduzca u<span class=\"_ _3\"></span>na salida <span class=\"_ _3\"></span>de flujos econ\u00f3<span class=\"_ _3\"></span>micos requerida para <span class=\"_ _f\"></span>can<span class=\"_ _3\"></span>celar <span class=\"_ _f\"></span>dicha <span class=\"_ _0\"></span>obligaci\u00f3n, <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>bien <span class=\"_ _0\"></span>porq<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>salida <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>flujos <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>puede <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>estimado <span class=\"_ _0\"></span>de forma fiable. Los <span class=\"_ _f\"></span>pasivos <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tingentes <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>nuales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>consolidadas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>sob<span class=\"_ _3\"></span>re los mismos en la memoria, <span class=\"_ _3\"></span>en la medida en qu<span class=\"_ _3\"></span>e no sean cons<span class=\"_ _3\"></span>iderados como remotos.<span class=\"_ _65\"> </span><span class=\"_ _f\"></span> Indemnizac<span class=\"_ _3\"></span>iones por cese<span class=\"_ _65\"> </span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _f\"></span>reglament<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _0\"></span>laboral <span class=\"_ _10\"></span>vigente, <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>obligad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>al <span class=\"_ _10\"></span>pago <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>indemnizaciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los empleados con los q<span class=\"_ _3\"></span>ue, bajo determinadas con<span class=\"_ _3\"></span>diciones, rescinda <span class=\"_ _3\"></span>sus relaciones laborales. <span class=\"_ _f\"></span> Las <span class=\"_ _f\"></span>indemnizaciones <span class=\"_ _f\"></span>relac<span class=\"_ _3\"></span>ionadas <span class=\"_ _0\"></span>con <span class=\"_ _f\"></span>procesos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>reestru<span class=\"_ _3\"></span>cturaci\u00f3n <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconoc<span class=\"_ _3\"></span>en <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>que<span class=\"_ _3\"></span> existe un plan formal detallado en relaci\u00f3n con <span class=\"_ _2\"></span>los mencionado<span class=\"_ _3\"></span>s procesos en el que <span class=\"_ _2\"></span>se identifican, al menos las <span class=\"_ _f\"></span>activ<span class=\"_ _3\"></span>idades <span class=\"_ _f\"></span>empresariales,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>mismas, <span class=\"_ _f\"></span>im<span class=\"_ _3\"></span>plicadas, <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>prin<span class=\"_ _3\"></span>cipales <span class=\"_ _f\"></span>ubicaciones <span class=\"_ _0\"></span>afectadas, funci\u00f3n y <span class=\"_ _2\"></span>n\u00famero aproximado de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> em<span class=\"_ _2\"></span>plead<span class=\"_ _3\"></span>os que <span class=\"_ _2\"></span>ser\u00e1n indemnizados tras <span class=\"_ _2\"></span>prescindir de <span class=\"_ _2\"></span>sus servicios, los desembolsos que se <span class=\"_ _2\"></span>llevar\u00e1n a <span class=\"_ _2\"></span>cabo, y las <span class=\"_ _2\"></span>fechas e<span class=\"_ _2\"></span>n las <span class=\"_ _2\"></span>que el <span class=\"_ _2\"></span>plan ser\u00e1 implementado y <span class=\"_ _2\"></span>se<span class=\"_ _3\"></span> ha <span class=\"_ _2\"></span>generado una expectativa <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>\u00e1lida <span class=\"_ _f\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>personal <span class=\"_ _f\"></span>afectado<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>reestructuraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>va <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>llevar <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cabo,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ya <span class=\"_ _f\"></span>sea <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or haber comenzado a ejecuta<span class=\"_ _3\"></span>r el plan o p<span class=\"_ _3\"></span>or haber anunciado su<span class=\"_ _3\"></span>s principales caracter\u00edsticas<span class=\"_ _f\"></span>. En <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>sentido, <span class=\"_ _f\"></span>durante <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>ha <span class=\"_ _3\"></span>iniciado <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>proceso<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>reestructuraci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>plantilla con <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>objetivo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adecuar <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>tructura <span class=\"_ _10\"></span>organizativa <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>evoluci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>m<span class=\"_ _2\"></span>ejorar <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>eficiencia operativa. <span class=\"_ _f\"></span>El <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>total <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>timados <span class=\"_ _f\"></span>reconocid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2025 <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>ciende <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>2<span class=\"ff6\">3.998 <span class=\"_ _f\"></span>miles <span class=\"_ _3\"></span>\u20ac</span> <span class=\"_ _f\"></span>(v\u00e9anse notas 11 y 31)<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Procedimientos ju<span class=\"_ _3\"></span>diciales y/o reclamacione<span class=\"_ _3\"></span>s en curso Al  cie<span class=\"_ _2\"></span>rre  de  los <span class=\"_ _13\"> </span>ejercicios  2025  y  2024 <span class=\"_ _13\"> </span>se  encontraban  en  curso <span class=\"_ _13\"> </span>distintos<span class=\"_ _3\"></span>  procedimie<span class=\"_ _2\"></span>ntos  judiciales  y reclamaciones <span class=\"_ _19\"> </span>entab<span class=\"_ _3\"></span>lados <span class=\"_ _19\"> </span>contra <span class=\"_ _19\"> </span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _19\"> </span>con <span class=\"_ _19\"> </span>origen <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el <span class=\"_ _19\"> </span>desarro<span class=\"_ _3\"></span>llo <span class=\"_ _19\"> </span>habitual <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>sus <span class=\"_ _16\"> </span>act<span class=\"_ _3\"></span>ividades. <span class=\"_ _19\"> </span>Los Administradores,  considerando  la <span class=\"_ _13\"> </span>opini\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>asesores<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>legales, <span class=\"_ _13\"> </span>estiman  que <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>conclusi\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _16\"> </span>estos procedimientos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>reclamaciones <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>producir\u00e1 <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>efecto <span class=\"_ _f\"></span>significativo <span class=\"_ _f\"></span>adicional <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ya <span class=\"_ _f\"></span>recogidos <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>estos estados finan<span class=\"_ _3\"></span>cieros. 3.14<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Prestaciones Post empleo <span class=\"_ _2\"></span>y otros beneficios so<span class=\"_ _2\"></span>ciales </span></span>Las sociedades del <span class=\"_ _2\"></span>Grupo, en <span class=\"_ _2\"></span>su mayor parte, tienen <span class=\"_ _2\"></span>establecido un compromiso de <span class=\"_ _2\"></span>aporta<span class=\"_ _3\"></span>ci\u00f3n definida <span class=\"_ _2\"></span>con el <span class=\"_ _0\"></span>personal <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>ermanece <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>consistente <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _f\"></span>aporta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> Sociedad y del trab<span class=\"_ _3\"></span>ajador de u<span class=\"_ _3\"></span>n porcentaje preestab<span class=\"_ _3\"></span>lecido del sueldo p<span class=\"_ _3\"></span>ensionable al \u201cPla<span class=\"_ _3\"></span>n de pens<span class=\"_ _3\"></span>iones de Promoci\u00f3n <span class=\"_ _f\"></span>Conjun<span class=\"ff6\">ta\u201d <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>promov<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>amparo <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>art\u00edculo <span class=\"_ _f\"></span>40 <span class=\"_ _3\"></span>d) <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Reglamento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Planes <span class=\"_ _f\"></span>y </span>Fondos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Pension<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>(ap<span class=\"_ _3\"></span>ortaci\u00f3n <span class=\"_ _3\"></span>definida). <span class=\"_ _f\"></span>Este <span class=\"_ _f\"></span>plan <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>pensiones <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>encuentra <span class=\"_ _f\"></span>integrado <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>fondo <span class=\"_ _f\"></span>de Pensiones <span class=\"_ _0\"></span>SE<span class=\"_ _3\"></span>RVIRENTA <span class=\"_ _0\"></span>II <span class=\"_ _0\"></span>F.P.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>da <span class=\"_ _10\"></span>cobertura <span class=\"_ _0\"></span>tanto <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _f\"></span>prestaciones <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>ju<span class=\"_ _3\"></span>bilaci\u00f3n <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or invalidez y <span class=\"_ _2\"></span>fallecimiento de <span class=\"_ _2\"></span>los part\u00edcipes. <span class=\"_ _2\"></span>El Grupo <span class=\"_ _2\"></span>no tiene <span class=\"_ _d\"></span>compromisos de prestaci\u00f3n d<span class=\"_ _2\"></span>efinida rele<span class=\"_ _2\"></span>vantes.<span class=\"_ _f\"></span> Con car\u00e1cter <span class=\"_ _3\"></span>general, <span class=\"_ _3\"></span>y en <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>al componente <span class=\"_ _3\"></span>de aho<span class=\"_ _3\"></span>rro, el b<span class=\"_ _3\"></span>eneficiario apo<span class=\"_ _3\"></span>rta el 1%<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>su retribu<span class=\"_ _3\"></span>ci\u00f3n fija y <span class=\"_ _3\"></span>ENCE aporta<span class=\"_ _3\"></span> en torno<span class=\"_ _3\"></span> al 5% de <span class=\"_ _3\"></span>\u00e9sta. Por <span class=\"_ _3\"></span>su parte, <span class=\"_ _3\"></span>el componente <span class=\"_ _3\"></span>de riesgo, <span class=\"_ _3\"></span>que se materializa <span class=\"_ _3\"></span>en u<span class=\"_ _3\"></span>na p\u00f3liza <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>seguro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>vida <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>accidentes, <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>financia <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>50% <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>partes. <span class=\"_ _f\"></span>Las <span class=\"_ _f\"></span>contingencias <span class=\"_ _f\"></span>cubiertas <span class=\"_ _f\"></span>por dicha <span class=\"_ _3\"></span>p\u00f3liza <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>siguientes: <span class=\"_ _3\"></span>ju<span class=\"_ _3\"></span>bilaci\u00f3n, <span class=\"_ _3\"></span>invalidez <span class=\"_ _f\"></span>permanente to<span class=\"_ _3\"></span>tal, <span class=\"_ _3\"></span>incapacidad <span class=\"_ _f\"></span>permanente <span class=\"_ _3\"></span>absoluta, <span class=\"_ _3\"></span>y<span class=\"_ _65\"> </span>el <span class=\"_ _3\"></span>fallecimiento. <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>capital <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>egurado <span class=\"_ _3\"></span>equivale <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>35 <span class=\"_ _3\"></span>mensualidades <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _f\"></span>fija, o <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>oble <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>caso de que las contin<span class=\"_ _3\"></span>gencias sean derivadas<span class=\"_ _3\"></span> de accidente.<span class=\"_ _3\"></span> Para determinados directivos del <span class=\"_ _d\"></span>Grup<span class=\"_ _3\"></span>o, entre <span class=\"_ _2\"></span>los que <span class=\"_ _2\"></span>se incluye al <span class=\"_ _2\"></span>Presidente y <span class=\"_ _2\"></span>a la <span class=\"_ _2\"></span>alta direcci\u00f3n, <span class=\"_ _2\"></span>existe un sistema <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>previsi\u00f3n <span class=\"_ _0\"></span>social, <span class=\"_ _0\"></span>complementario <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>plan<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>pens<span class=\"_ _3\"></span>iones <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>empleo, <span class=\"_ _f\"></span>ins<span class=\"_ _3\"></span>trumentado <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>tra<span class=\"_ _3\"></span>v\u00e9s <span class=\"_ _f\"></span>de seguros colectivos<span class=\"_ _3\"></span>, destinado a cubrir tan<span class=\"_ _3\"></span>to la jubilaci\u00f3n como los riesgos<span class=\"_ _3\"></span> de invalidez y fallecimiento de los asegurados.  Las <span class=\"_ _f\"></span>contribuciones <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>planes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>prestaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>post <span class=\"_ _f\"></span>empleo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>aportaci\u00f3n <span class=\"_ _f\"></span>definida <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>gasto en el ep\u00edgrafe \u201cGastos<span class=\"_ _3\"></span> de personal\u201d d<span class=\"_ _3\"></span>el Estado de Resultado cons<span class=\"_ _3\"></span>olidado de acuerdo a<span class=\"_ _3\"></span> su devengo. <span class=\"_ _3\"></span><span class=\"ff3\"> </span>Por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>arte, <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>colectiv<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>tiguos <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>bajadores <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>filial <span class=\"_ _0\"></span>Celulos<span class=\"_ _3\"></span>as <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Astu<span class=\"_ _3\"></span>rias, <span class=\"_ _0\"></span>S.A. <span class=\"_ _10\"></span>mantiene <span class=\"_ _0\"></span>un beneficio consis<span class=\"_ _3\"></span>tente en u<span class=\"_ _3\"></span>n seguro <span class=\"_ _3\"></span>de vida <span class=\"_ _3\"></span>e incap<span class=\"_ _3\"></span>acidad. Este compro<span class=\"_ _3\"></span>miso se <span class=\"_ _3\"></span>externaliz\u00f3 en <span class=\"_ _3\"></span>2014 a <span class=\"_ _3\"></span>trav\u00e9s de una compa\u00f1\u00eda <span class=\"_ _3\"></span>de seguros. Planes de ince<span class=\"_ _3\"></span>ntivos a largo plazo<span class=\"_ _3\"></span> El <span class=\"_ _10\"> </span>Grupo <span class=\"_ _13\"> </span>valora <span class=\"_ _10\"> </span>estos <span class=\"_ _10\"> </span>compromisos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>empleados<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>cad<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>fecha <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>valoraci\u00f3n <span class=\"_ _10\"> </span>considerando <span class=\"_ _13\"> </span>al <span class=\"_ _10\"></span>valor estimado <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>mpromiso <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>su <span class=\"_ _10\"></span>vencimiento <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>tiempo <span class=\"_ _10\"></span>transcurrido <span class=\"_ _0\"></span>respe<span class=\"_ _3\"></span>cto <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>periodo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de devengo. Estos <span class=\"_ _f\"></span>compromisos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cGastos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>personal\u201d <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Resulta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>consolidado linealmente <span class=\"_ _10\"> </span>dura<span class=\"_ _3\"></span>nte <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>per\u00edod<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>dev<span class=\"_ _3\"></span>engo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Plan <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>Incentivos, <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>su<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>contrapartida <span class=\"_ _10\"> </span>ser\u00e1 <span class=\"_ _13\"> </span>distinta <span class=\"_ _10\"> </span>en<span class=\"_ _65\"> </span>funci\u00f3n d<span class=\"_ _3\"></span>el modo d<span class=\"_ _3\"></span>e liquidaci<span class=\"_ _3\"></span>\u00f3n. E<span class=\"_ _3\"></span>n el cas<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>comp<span class=\"_ _3\"></span>romisos <span class=\"_ _3\"></span>que se <span class=\"_ _3\"></span>liquidan <span class=\"_ _3\"></span>en accion<span class=\"_ _3\"></span>es de ENCE<span class=\"_ _3\"></span>, el gas<span class=\"_ _3\"></span>to devengado <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconocer\u00e1 <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cPatrimonio <span class=\"_ _f\"></span>neto <span class=\"_ _10\"></span>\u2013<span class=\"ff3\"> <span class=\"_ _f\"></span></span>Otros <span class=\"_ _f\"></span>instrumentos <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>patrimonio <span class=\"_ _f\"></span>neto\u201d <span class=\"_ _f\"></span>del Estado <span class=\"_ _1a\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _17\"> </span>Situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _1a\"> </span>Financiera <span class=\"_ _1a\"> </span>consolida<span class=\"_ _3\"></span>do, <span class=\"_ _1a\"> </span>teniendo <span class=\"_ _18\"> </span>e<span class=\"_ _2\"></span>n <span class=\"_ _1a\"> </span>consideraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>el <span class=\"_ _1a\"> </span>valor <span class=\"_ _1a\"> </span>r<span class=\"_ _3\"></span>azonable <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>los instrumentos <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>cesi\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _10\"></span>su <span class=\"_ _f\"></span>parte, <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>pas<span class=\"_ _3\"></span>ivo <span class=\"_ _0\"></span>devengado <span class=\"_ _0\"></span>asociad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>a <span class=\"_ _10\"></span>los compromisos <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>liquidan <span class=\"_ _3\"></span>en efectivo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocer\u00e1 <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> ab<span class=\"_ _3\"></span>ono al <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cProvis<span class=\"_ _3\"></span>iones\u201d d<span class=\"_ _3\"></span>el pas<span class=\"_ _3\"></span>ivo d<span class=\"_ _3\"></span>el Estado de Situaci\u00f3n Fin<span class=\"_ _3\"></span>anciera cons<span class=\"_ _3\"></span>olidado. Las <span class=\"_ _10\"></span>estimaciones <span class=\"_ _0\"></span>realizadas <span class=\"_ _10\"> </span>para <span class=\"_ _0\"></span>valora<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>compromiso <span class=\"_ _0\"></span>asumido <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>personal <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>re<span class=\"_ _2\"></span>visadas<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>cada cierre <span class=\"_ _0\"></span>contable, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>impacto<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variaciones <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>registra<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>prospectiva,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>urante <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>de devengo restante.<span class=\"_ _3\"></span> 3.15<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Reconocimiento de ingreso<span class=\"_ _2\"></span>s y gastos<span class=\"_ _65\"> </span></span></span><span class=\"ff5\"><span class=\"ff2 fc2\"> </span></span>Los \u201cIngresos<span class=\"_ _3\"></span> ordinarios\u201d <span class=\"_ _3\"></span><span class=\"ff3\">derivados de contratos co<span class=\"_ _3\"></span>n clientes se reconocen en funci\u00f3n<span class=\"_ _3\"></span> del cumplimiento de<span class=\"_ _3\"></span> </span>las  o<span class=\"_ _3\"></span>bligaciones  d<span class=\"_ _3\"></span>e  desempe\u00f1o<span class=\"_ _3\"></span>  con <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>clientes,  y <span class=\"_ _19\"> </span>representan <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>importes  a <span class=\"_ _16\"> </span>cobrar <span class=\"_ _16\"> </span>por  los<span class=\"_ _3\"></span>  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _3\"></span> netos de devoluciones y descuentos, y <span class=\"_ _3\"></span>cantidad<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>recibidas <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>terceros, <span class=\"_ _3\"></span>tales <span class=\"_ _f\"></span>como el <span class=\"_ _3\"></span>impuesto <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>a\u00f1adido. <span class=\"_ _f\"></span>Los i<span class=\"_ _f\"></span>ngresos se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _f\"></span>icios econ\u00f3micos asociado<span class=\"_ _3\"></span>s a la transacci\u00f3n, y<span class=\"_ _3\"></span> se valoran por el valor razonab<span class=\"_ _3\"></span>le de la contraprestaci\u00f3n<span class=\"_ _3\"></span> recibida o a recibir.<span class=\"_ _65\"> </span>En este sentido, los ingresos procedentes de la venta de bienes se reconocen cuando se trans<span class=\"_ _3\"></span>fiere al clie<span class=\"_ _2\"></span>nte el <span class=\"_ _10\"> </span>contro<span class=\"_ _3\"></span>l <span class=\"_ _10\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>mismos,<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>momento <span class=\"_ _10\"> </span>que <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>venta <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>celulosa <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>dete<span class=\"_ _3\"></span>rmina <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>base <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>incoterm<span class=\"_ _3\"></span> (t\u00e9rminos <span class=\"_ _13\"> </span>internacionales <span class=\"_ _10\"> </span>de<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>comercio<span class=\"_ _3\"></span>) <span class=\"_ _10\"> </span>aplicad<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>a<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>cada <span class=\"_ _10\"> </span>tra<span class=\"_ _3\"></span>nsacci\u00f3n, <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>venta <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>madera <span class=\"_ _13\"> </span>coincide normalmente <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>entrega <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>cliente. <span class=\"_ _f\"></span>Las <span class=\"_ _f\"></span>ob<span class=\"_ _3\"></span>ligaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>sus <span class=\"_ _f\"></span>clientes <span class=\"_ _f\"></span>se completan <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>el  momento<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de  la <span class=\"_ _16\"> </span>entrega <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>bien, <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>las  dev<span class=\"_ _3\"></span>oluciones  p<span class=\"_ _3\"></span>or <span class=\"_ _16\"> </span>parte  de <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>clientes <span class=\"_ _16\"> </span>son excepcionales.<span class=\"_ _65\"> </span>Por <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>arte, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ingresos <span class=\"_ _f\"></span>asociados <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>electricid<span class=\"_ _3\"></span>ad <span class=\"_ _f\"></span>incluyen <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>rifa <span class=\"_ _f\"></span>percibida <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>mercado, <span class=\"_ _f\"></span>as\u00ed como <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>primas <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>fuentes <span class=\"_ _0\"></span>renovables<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>legalmente <span class=\"_ _0\"></span>reconocida<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>sus mecanismos de ajus<span class=\"_ _3\"></span>te o comp<span class=\"_ _3\"></span>ensaci\u00f3n (Vajdm), y s<span class=\"_ _3\"></span>e recono<span class=\"_ _3\"></span>cen en el momento d<span class=\"_ _3\"></span>e su gen<span class=\"_ _3\"></span>eraci\u00f3n y entrega al cliente, en funci\u00f3n<span class=\"_ _3\"></span> de las cantidad<span class=\"_ _3\"></span>es suministrad<span class=\"_ _3\"></span>as, y p<span class=\"_ _3\"></span>or el importe bruto de venta, en <span class=\"_ _3\"></span>la medida en qu<span class=\"_ _3\"></span>e se act\u00faa como prin<span class=\"_ _3\"></span>cipal. El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>uscrito <span class=\"_ _0\"></span>acuerdos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>venta <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>biom<span class=\"_ _3\"></span>etano<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _10\"></span>(Biomethane <span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>d <span class=\"_ _10\"></span>Power <span class=\"_ _f\"></span>Purchas<span class=\"_ _3\"></span>e Agreement). Estos co<span class=\"_ _3\"></span>ntratos que sup<span class=\"_ _3\"></span>onen la entrega f\u00edsica de energ\u00eda, co<span class=\"_ _3\"></span>mo norma gene<span class=\"_ _3\"></span>ral, son calificados<span class=\"_ _3\"></span> como <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>destinad<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>necesidades <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>compra, <span class=\"_ _0\"></span>venta <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>utilizaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>Gru<span class=\"_ _3\"></span>po, <span class=\"_ _0\"></span>quedando fuera <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>alcance <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>NIIF <span class=\"_ _f\"></span>9 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>tablemente <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>medida <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>recibe <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>transmite <span class=\"_ _f\"></span>los derechos y obligacion<span class=\"_ _3\"></span>es originados p<span class=\"_ _3\"></span>or los mismos. <span class=\"_ _3\"></span> Los <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>asociados<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>prestaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>servicios <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _3\"></span>considerand<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>el grado<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>realizaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la prestaci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cierre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>estados <span class=\"_ _f\"></span>financieros, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>iempre <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>cuando <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>resultado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>trans<span class=\"_ _3\"></span>acci\u00f3n pueda ser estimado co<span class=\"_ _3\"></span>n fiabilidad.  Los in<span class=\"_ _3\"></span>gresos por <span class=\"_ _3\"></span>intereses se reconocen <span class=\"_ _3\"></span>siguiendo <span class=\"_ _3\"></span>un criterio <span class=\"_ _3\"></span>financiero, en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>del principal p<span class=\"_ _3\"></span>endiente de pago, el plazo h<span class=\"_ _3\"></span>asta el vencimiento, y el t<span class=\"_ _3\"></span>ipo de inter\u00e9s efectivo a<span class=\"_ _3\"></span>plicable.<span class=\"_ _65\"> </span> <span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>ingresos <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>dividendos <span class=\"_ _3\"></span>procedentes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>invers<span class=\"_ _3\"></span>iones <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>registran <span class=\"_ _f\"></span>cuando <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>derecho <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>su percepci\u00f3n. Los <span class=\"_ _0\"></span>gasto<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e reconoce un gasto d<span class=\"_ _3\"></span>e forma inmediata cuan<span class=\"_ _3\"></span>do no se p<span class=\"_ _3\"></span>rev\u00e9 que genere beneficios econ\u00f3micos futu<span class=\"_ _3\"></span>ros.<span class=\"_ _3\"></span> Ingresos por ventas de<span class=\"_ _3\"></span> electricida<span class=\"_ _3\"></span>d- De acu<span class=\"_ _3\"></span>erdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>establecid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>RD <span class=\"_ _3\"></span>413<span class=\"_ _3\"></span>/2014, <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>instalaciones<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e gen<span class=\"_ _3\"></span>eraci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>renovable <span class=\"_ _3\"></span>en Espa\u00f1a reciben determinados <span class=\"_ _2\"></span>incentivos, estableciendo que, adicionalmente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>la retribuci\u00f3n por la <span class=\"_ _2\"></span>venta de<span class=\"_ _2\"></span> energ\u00eda generada valorada a precio de mercado, las instalaciones podr\u00e1n<span class=\"_ _3\"></span> percibir una retribuci\u00f3n espec\u00edfica compuesta por un <span class=\"_ _2\"></span>t\u00e9rmino <span class=\"_ _2\"></span>por unidad <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>potencia (retribuci\u00f3n a <span class=\"_ _2\"></span>la in<span class=\"_ _2\"></span>versi\u00f3n) que <span class=\"_ _2\"></span>cubra cuando <span class=\"_ _2\"></span>proceda los costes de invers<span class=\"_ _3\"></span>i\u00f3n de una instalaci\u00f3n<span class=\"_ _3\"></span> tipo (IT) que no p<span class=\"_ _3\"></span>ueden ser recuperad<span class=\"_ _3\"></span>os por la <span class=\"_ _f\"></span>venta de energ\u00eda y<span class=\"_ _3\"></span> un t\u00e9rmino <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n <span class=\"_ _10\"> </span>(retribuci\u00f3n <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>operaci\u00f3n) <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>cubra <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>caso, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>diferencia <span class=\"_ _10\"> </span>entre <span class=\"_ _10\"> </span>costes<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> explotaci\u00f3n y <span class=\"_ _2\"></span>los ingresos <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>la participaci\u00f3n <span class=\"_ _2\"></span>en el <span class=\"_ _d\"></span>mercado de dicha <span class=\"_ _2\"></span>instalaci\u00f3n. El <span class=\"_ _2\"></span>RD <span class=\"_ _2\"></span>establece, <span class=\"_ _2\"></span>asimismo, que mediante orden ministeri<span class=\"_ _3\"></span>al se actualizar\u00e1n determinados par\u00e1metros retributivos<span class=\"_ _3\"></span> en cada semiper\u00edodo regulatorio de tres a\u00f1os<span class=\"_ _3\"></span> de duraci\u00f3n (v\u00e9ase Anexo I<span class=\"_ _3\"></span>II <span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span>Marco Regulatorio del Se<span class=\"_ _3\"></span>ctor Energ\u00e9tico). <span class=\"_ _3\"></span> Entre <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>aspectos <span class=\"_ _f\"></span>desarrollad<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mencionado <span class=\"_ _f\"></span>Real <span class=\"_ _f\"></span>Decreto, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>estab<span class=\"_ _3\"></span>lece <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>diferencias <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se producen <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>cada <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ingresos <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>venta <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>estimado, <span class=\"_ _0\"></span>estimaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>que determina <span class=\"_ _3\"></span>el regulador <span class=\"_ _3\"></span>al in<span class=\"_ _3\"></span>icio <span class=\"_ _3\"></span>de cada <span class=\"_ _3\"></span>semiper<span class=\"_ _3\"></span>\u00edodo <span class=\"_ _3\"></span>regula<span class=\"_ _3\"></span>torio trian<span class=\"_ _3\"></span>ual, y <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ingresos p<span class=\"_ _3\"></span>or venta <span class=\"_ _3\"></span>al p<span class=\"_ _3\"></span>recio medio real <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mercado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>dic<span class=\"_ _3\"></span>ho <span class=\"_ _3\"></span>ejercicio, s<span class=\"_ _3\"></span>e regularizan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>obtener <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ejercicios futuro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>a trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>ajuste <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>\u201c<span class=\"_ _3\"></span>Retribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n\u201d. <span class=\"_ _0\"></span>Dicha <span class=\"_ _0\"></span>diferencia <span class=\"_ _f\"></span>deno<span class=\"_ _3\"></span>minada <span class=\"_ _0\"></span>\u201c<span class=\"_ _f\"></span><span class=\"ff3\">Valor <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>ajus<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or </span>desviaciones <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>precio <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>mercado<span class=\"_ _3\"></span>- <span class=\"_ _d\"></span><span class=\"ff6\">Vajdm\u201d <span class=\"_ _2\"></span>viene <span class=\"_ _d\"></span>regu<span class=\"_ _3\"></span>lada <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>art\u00edculo <span class=\"_ _2\"></span>22 <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>dicho <span class=\"_ _d\"></span>Real <span class=\"_ _2\"></span>Decreto <span class=\"_ _d\"></span>(v<span class=\"_ _3\"></span>\u00e9anse </span>Nota <span class=\"ls10\">9 </span>y An<span class=\"_ _3\"></span>exo III). El  tratamiento  contable  aplicado  por  ENCE<span class=\"_ _3\"></span>  al  Vajdm  qued\u00f3  recogido  en  el <span class=\"_ _13\"> </span>docume<span class=\"_ _3\"></span>nto  \u201cCriterio  para contabilizar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Valor <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ajustes <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>desviaciones <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>precio <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>mercado\u201d <span class=\"_ _f\"></span>(Vajdm), <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>acuerd<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>el art\u00edculo 22 del real decreto 41<span class=\"_ _3\"></span>3/2014\u201d publicado p<span class=\"_ _3\"></span>or<span class=\"ff3\"> <span class=\"_ _3\"></span>la CNMV el 22 de octubre d<span class=\"_ _3\"></span>e 2021:  </span>Se <span class=\"_ _10\"></span>reconoce <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Situaci\u00f3n <span class=\"_ _10\"> </span>Financiera <span class=\"_ _10\"> </span>cada <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"> </span>desviaciones <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>mercado, <span class=\"_ _10\"> </span>positiv<span class=\"_ _3\"></span>as <span class=\"_ _10\"></span>y negativas <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>surgen <span class=\"_ _d\"></span>al amparo <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>RD <span class=\"_ _d\"></span>413/20<span class=\"_ _3\"></span>14 <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>trapartida en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>importe <span class=\"_ _2\"></span>neto de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>cifra <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>negocios.<span class=\"_ _65\"> </span>En <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>sentido, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>desviaciones <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>pool <span class=\"_ _f\"></span>positivos <span class=\"_ _3\"></span>netos <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ayan <span class=\"_ _3\"></span>generand<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _f\"></span>de un mismo semiperiodo regulatorio <span class=\"_ _3\"></span>y que representar\u00e1n un incremento en las r<span class=\"_ _3\"></span>etribuciones futuras recibidas de CNMC <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e registran <span class=\"_ _2\"></span>como un activo <span class=\"_ _2\"></span>en el <span class=\"_ _2\"></span><span class=\"ff6\">ep\u00edgrafe \u201cOtras inversiones financieras\u201d <span class=\"_ _2\"></span>y como un <span class=\"_ _2\"></span>mayor ingreso </span>asociado <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>la <span class=\"_ _d\"></span>venta<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>electrici<span class=\"_ _3\"></span>dad. <span class=\"_ _d\"></span>Dicho <span class=\"_ _2\"></span>activo <span class=\"_ _d\"></span>neto, <span class=\"_ _2\"></span>una <span class=\"_ _d\"></span>vez <span class=\"_ _2\"></span>finalizado <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>emiperiodo <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>egulatorio <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>revierte reduciendo <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>ingreso <span class=\"_ _10\"> </span>asocia<span class=\"_ _3\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>venta <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>electricidad <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>lo <span class=\"_ _10\"> </span>largo <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>vi<span class=\"_ _f\"></span>da <span class=\"_ _0\"></span>regulato<span class=\"_ _3\"></span>ria <span class=\"_ _10\"></span>restante <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la instalaci\u00f3n. Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte, <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>desviaciones<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el poo<span class=\"_ _3\"></span>l negativ<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>netos <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>vayan <span class=\"_ _3\"></span>generando <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un mismo semiperiod<span class=\"_ _3\"></span>o regulator<span class=\"_ _3\"></span>io y <span class=\"_ _3\"></span>que representa<span class=\"_ _3\"></span>r\u00e1n un<span class=\"_ _3\"></span>a reducci\u00f3n <span class=\"_ _3\"></span>en las <span class=\"_ _3\"></span>retribuciones <span class=\"_ _3\"></span>futuras <span class=\"_ _3\"></span>recibidas <span class=\"_ _3\"></span>de CNMC  se  registran  en <span class=\"_ _16\"> </span>funci\u00f3n  de  su  vencimi<span class=\"_ _3\"></span><span class=\"ff6\">ento  como<span class=\"_ _3\"></span>  un  pasivo  en  los  ep\u00edgrafes <span class=\"_ _16\"> </span>\u201cOtros  pasivos  no </span>corrientes\u201d y<span class=\"_ _3\"></span> \u201cOtros <span class=\"_ _3\"></span>pasiv<span class=\"_ _3\"></span>os corrientes\u201d <span class=\"_ _3\"></span>y como <span class=\"_ _3\"></span>un m<span class=\"_ _3\"></span>enor i<span class=\"_ _3\"></span>ngreso as<span class=\"_ _3\"></span>ociado a <span class=\"_ _3\"></span>la v<span class=\"_ _3\"></span>enta de <span class=\"_ _3\"></span>electricidad. <span class=\"_ _3\"></span>Dicho pasivo neto, una vez finalizado el semiperiodo regulatorio se revierte incrementando el ingre<span class=\"_ _3\"></span>so asociado a la venta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>electricidad <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>regulatoria <span class=\"_ _3\"></span>restante <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>instalaci\u00f3n.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>pasivos <span class=\"_ _f\"></span>se<span class=\"_ _2\"></span> ver\u00e1 limitado al Valor Neto d<span class=\"_ _3\"></span>el Activo (VNA) d<span class=\"_ _3\"></span>e la instalaci\u00f3n.<span class=\"_ _3\"></span> Al <span class=\"_ _f\"></span>finalizar <span class=\"_ _3\"></span>cad<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>semiperiodo <span class=\"_ _3\"></span>regulatorio <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>importes <span class=\"_ _f\"></span>reco<span class=\"_ _3\"></span>nocidos <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>activo <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>pasivo, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el<span class=\"_ _2\"></span> importe neto <span class=\"_ _3\"></span>en el Activ<span class=\"_ _3\"></span>o o Pasivo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estado d<span class=\"_ _3\"></span>e Situaci\u00f3n Finan<span class=\"_ _3\"></span>ciera consolida<span class=\"_ _3\"></span>do. En <span class=\"_ _3\"></span>este sentido<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>el Grupo tiene <span class=\"_ _0\"></span>regis<span class=\"_ _3\"></span>trado <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ivo <span class=\"_ _10\"></span>ne<span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>61.443 <span class=\"_ _10\"> </span>miles <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el ep\u00edgrafe <span class=\"_ _3\"></span>\u201c<span class=\"_ _3\"></span>Otros <span class=\"_ _f\"></span>pasivos <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>co<span class=\"_ _2\"></span>rrientes\u201d <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>4.461 <span class=\"_ _f\"></span>mile<span class=\"_ _2\"></span>s <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cotros <span class=\"_ _f\"></span>pasivos corrientes\u201d<span class=\"ff3\"> del Es<span class=\"_ _3\"></span>tado de Situaci\u00f3n Fin<span class=\"_ _3\"></span>anciera consolidad<span class=\"_ _3\"></span>o. </span>El  4 <span class=\"_ _13\"> </span>de  junio <span class=\"_ _13\"> </span>de  2024 <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>public<span class=\"_ _3\"></span>\u00f3  la <span class=\"_ _13\"> </span>Orden  T<span class=\"_ _2\"></span>ED/526/20<span class=\"_ _3\"></span>24,  de <span class=\"_ _13\"> </span>31 <span class=\"_ _13\"> </span>de  mayo, <span class=\"_ _13\"> </span>por  la <span class=\"_ _13\"> </span>que  se <span class=\"_ _13\"> </span>establece  la metodolog\u00eda <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>actu<span class=\"_ _3\"></span>alizaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>retribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>operaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"> </span>instalacion<span class=\"_ _3\"></span>es <span class=\"_ _10\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de energ\u00eda <span class=\"_ _13\"> </span>el\u00e9ctrica <span class=\"_ _13\"> </span>cuyos  costes <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>explotaci\u00f3n <span class=\"_ _13\"> </span>dependan <span class=\"_ _10\"> </span>esencialm<span class=\"_ _3\"></span>ente <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>precio <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>c<span class=\"_ _3\"></span>ombustible  y<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>se actualizan sus valores <span class=\"_ _2\"></span>de retribuci\u00f3n <span class=\"_ _2\"></span>a la <span class=\"_ _2\"></span>operaci\u00f3n de <span class=\"_ _2\"></span>aplicaci\u00f3n a <span class=\"_ _2\"></span>partir del <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>de enero <span class=\"_ _2\"></span>de 2024. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>sta norma, entre o<span class=\"_ _3\"></span>tros, <span class=\"_ _3\"></span>establece <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>instalacion<span class=\"_ _3\"></span>es in<span class=\"_ _3\"></span>cluidas <span class=\"_ _3\"></span>en esta <span class=\"_ _3\"></span>Orden, <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluyen <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>tas <span class=\"_ _3\"></span>de generaci\u00f3n de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>a parti<span class=\"_ _3\"></span>r de <span class=\"_ _3\"></span>biomasa <span class=\"_ _3\"></span>que op<span class=\"_ _3\"></span>era ENCE, <span class=\"_ _3\"></span>quedan <span class=\"_ _3\"></span>excluidas <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>aplicaci\u00f3n d<span class=\"_ _3\"></span>el ajuste <span class=\"_ _3\"></span>por desviaciones en el p<span class=\"_ _3\"></span>recio de mercado, r<span class=\"_ _3\"></span>egulado en el<span class=\"_ _3\"></span> art\u00edculo 22 d<span class=\"_ _3\"></span>el RD 413/2014, <span class=\"_ _3\"></span>a partir del 1 de en<span class=\"_ _3\"></span>ero de 2024.<span class=\"ls0_1\"> No obs<span class=\"_ _3\"></span>tante, el valor de ajuste registrado correspon<span class=\"_ _3\"></span>diente a periodos anteriores a 2023, este incluido, </span>mantienen el r\u00e9gimen esta<span class=\"_ _3\"></span>blecido en la no<span class=\"_ _3\"></span>rmativa.<span class=\"_ _3\"></span> 3.16<span class=\"ff5\"> <span class=\"_ _16\"> </span></span><span class=\"fc2\">Impuesto sobre bene<span class=\"_ _2\"></span>ficios </span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>tributa <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Impuesto <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>Sociedades <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav<span class=\"_ _3\"></span>\u00e9s d<span class=\"_ _3\"></span>e do<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Grupos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>consolidaci\u00f3n <span class=\"_ _3\"></span>fiscal <span class=\"_ _3\"></span>regulados en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtu<span class=\"_ _3\"></span>lo <span class=\"_ _0\"></span>VI <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>T\u00edtulo <span class=\"_ _10\"></span>VII <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Texto <span class=\"_ _10\"></span>Refundido <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Ley <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Impues<span class=\"_ _3\"></span>to <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>Soci<span class=\"_ _3\"></span>edades,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>siendo <span class=\"_ _0\"></span>las cabeceras de <span class=\"_ _2\"></span>dichos Grupos Ence Energ\u00eda <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>Celu<span class=\"_ _3\"></span>losa, S.A. <span class=\"_ _2\"></span>y Magnon Green <span class=\"_ _2\"></span>Energy, S.L. <span class=\"_ _2\"></span>Se integran en <span class=\"_ _2\"></span>dichos Grupos <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>est\u00e1<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>domiciliadas <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>Espa\u00f1a <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cabecera <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _3\"></span>en su capital s<span class=\"_ _3\"></span>ocial igual o superior al 75%. <span class=\"_ _3\"></span> El <span class=\"_ _13\"> </span>gasto <span class=\"_ _13\"> </span>o <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>greso <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Impu<span class=\"_ _3\"></span>esto <span class=\"_ _13\"> </span>sobre <span class=\"_ _13\"> </span>Sociedades <span class=\"_ _13\"> </span>comprende <span class=\"_ _10\"> </span>tanto<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>impu<span class=\"_ _3\"></span>esto <span class=\"_ _13\"> </span>corriente <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>e<span class=\"_ _3\"></span>l impuesto  diferido.  El <span class=\"_ _16\"> </span>impuesto  sobre  las  ganancias  corriente  o  d<span class=\"_ _3\"></span>iferido  se  reconoce  en  el  Estado  de Resultado <span class=\"_ _3\"></span>consolidado, salv<span class=\"_ _3\"></span>o que surja <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>transacci\u00f3n <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>suceso econ<span class=\"_ _3\"></span>\u00f3mico que se <span class=\"_ _3\"></span>ha reconocido, <span class=\"_ _3\"></span>en el mismo ejercicio o en otro d<span class=\"_ _3\"></span>iferente, contra<span class=\"_ _3\"></span> patrimonio neto o d<span class=\"_ _3\"></span>e una combinaci\u00f3n d<span class=\"_ _3\"></span>e negocios.<span class=\"_ _3\"></span> Los <span class=\"_ _2\"></span>activos <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>asivos <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>impuesto<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>obre <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>gan<span class=\"_ _3\"></span>ancias <span class=\"_ _2\"></span>corrientes <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>aloran <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>can<span class=\"_ _3\"></span>tidades <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>espera pagar <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>recuperar <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>autoridades <span class=\"_ _3\"></span>fiscales, <span class=\"_ _f\"></span>utilizando <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>normativa <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tipos <span class=\"_ _f\"></span>impositivos <span class=\"_ _3\"></span>aprob<span class=\"_ _3\"></span>ados <span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>los pa\u00edses que op<span class=\"_ _3\"></span>eran las sociedades del Grup<span class=\"_ _3\"></span>o. La <span class=\"_ _3\"></span>contabilizaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los act<span class=\"_ _3\"></span>ivos y <span class=\"_ _3\"></span>pasivos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>impuesto <span class=\"_ _3\"></span>diferido s<span class=\"_ _3\"></span>e determina <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>diferencias entre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>libros <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>pasivos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>base <span class=\"_ _f\"></span>fiscal, <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>tilizando <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>tasas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>fiscales <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>espera objetivamente  que <span class=\"_ _13\"> </span>est\u00e9n  en <span class=\"_ _13\"> </span>vigor  cuando  los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>pasivos  se  realice<span class=\"_ _2\"></span>n,  valor <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>coincide  con <span class=\"_ _13\"> </span>el gravamen  vigente <span class=\"_ _13\"> </span>en  cada  momento.  Estos  activos  y <span class=\"_ _13\"> </span>p<span class=\"_ _2\"></span>asivos<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se  re<span class=\"_ _2\"></span>conocen  en <span class=\"_ _13\"> </span>el  Estado  de  Situaci\u00f3n<span class=\"_ _65\"> </span>Financiera consolidado como \u201cno <span class=\"_ _2\"></span>corrientes\u201d, independientemente de <span class=\"_ _2\"></span>la fecha de <span class=\"_ _2\"></span>esperada de <span class=\"_ _2\"></span>realizaci\u00f3n o liquidaci\u00f3n. El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>reconoce con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>car\u00e1cter <span class=\"_ _3\"></span>general <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pasivos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>impuesto <span class=\"_ _3\"></span>diferido <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tod<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>casos. <span class=\"_ _0\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte, los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>impuesto <span class=\"_ _13\"> </span>diferido <span class=\"_ _13\"> </span>s\u00f3lo <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>recon<span class=\"_ _3\"></span>ocen <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>caso <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>cons<span class=\"_ _3\"></span>idere  probable <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _13\"> </span>las entidades cons<span class=\"_ _3\"></span>olidadas van a<span class=\"_ _3\"></span> tener en el futuro suficientes <span class=\"_ _3\"></span>ganancias fis<span class=\"_ _3\"></span>cales contra las que po<span class=\"_ _3\"></span>der hacerlos efectivos. <span class=\"_ _3\"></span>Con <span class=\"_ _f\"></span>ocasi\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>ci<span class=\"_ _3\"></span>erre <span class=\"_ _3\"></span>contable, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>reestima <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>capacid<span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>recuperaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>impuestos diferidos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>activ<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>reconocidos, <span class=\"_ _3\"></span>efectu\u00e1nd<span class=\"_ _3\"></span>ose <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>oportunas <span class=\"_ _f\"></span>correcciones <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>mismos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>cuerdo <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>lo<span class=\"_ _2\"></span>s resultados d<span class=\"_ _3\"></span>e los an\u00e1lisis realizados.<span class=\"_ _65\"> </span>No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cen <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pasivos <span class=\"_ _10\"></span>p<span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>impuestos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _0\"></span>surgen <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cimiento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>del<span class=\"_ _3\"></span> fondo de comercio o<span class=\"_ _3\"></span> de un ac<span class=\"_ _3\"></span>tivo o pas<span class=\"_ _3\"></span>ivo en una <span class=\"_ _3\"></span>transacci\u00f3n que no es<span class=\"_ _3\"></span> una combinaci\u00f3<span class=\"_ _3\"></span>n de negocios y<span class=\"_ _3\"></span> en la <span class=\"_ _f\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>transacci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>afecta <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>result<span class=\"_ _3\"></span>ado <span class=\"_ _0\"></span>contable <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>imponible <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>ien, <span class=\"_ _f\"></span>cuando correspondan <span class=\"_ _18\"> </span>a <span class=\"_ _17\"> </span>diferencias<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>temporarias<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>relacionadas<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>con <span class=\"_ _1a\"> </span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _1a\"> </span>en <span class=\"_ _1a\"> </span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _1a\"> </span>depend<span class=\"_ _3\"></span>ientes, asociadas <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>negocios <span class=\"_ _f\"></span>conjuntos <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>tenga <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>capacidad <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trolar <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>momento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _f\"></span><span class=\"ls1a\">u </span>reversi\u00f3n y no fu<span class=\"_ _3\"></span>ese probable que s<span class=\"_ _3\"></span>e produzca su reversi\u00f3n<span class=\"_ _3\"></span> en un futuro previs<span class=\"_ _3\"></span>ible. Si <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>bable <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>autoridad<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>fiscal <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>aya <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>acept<span class=\"_ _3\"></span>ar <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>tamiento <span class=\"_ _10\"></span>fiscal incierto <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>grupo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tamientos <span class=\"_ _3\"></span>fiscales <span class=\"_ _f\"></span>inciertos, <span class=\"_ _f\"></span>considera <span class=\"_ _3\"></span>dicha <span class=\"_ _f\"></span>incertidumbre <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>determinaci\u00f3n de <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>imponible, <span class=\"_ _19\"> </span>b<span class=\"_ _3\"></span>ases <span class=\"_ _16\"> </span>fiscales, <span class=\"_ _15\"> </span>cr\u00e9ditos <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _19\"> </span>bases <span class=\"_ _19\"> </span>imponibles <span class=\"_ _19\"> </span>negativ<span class=\"_ _3\"></span>as, <span class=\"_ _19\"> </span>deducciones <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>tipos impositivos.<span class=\"_ _3\"></span>  3.17<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ac<span class=\"_ _3\"></span>tivos no<span class=\"_ _2\"></span> corrientes man<span class=\"_ _2\"></span>tenidos para<span class=\"_ _2\"></span> la venta y Ope<span class=\"_ _2\"></span>raciones </span></span>discontinua<span class=\"_ _2\"></span>das Un <span class=\"_ _2\"></span>activo no <span class=\"_ _d\"></span>corriente<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>grupo enajenable <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>elementos se <span class=\"_ _d\"></span>clasifica como <span class=\"_ _2\"></span>activo m<span class=\"_ _2\"></span>anten<span class=\"_ _3\"></span>ido <span class=\"_ _2\"></span>para la <span class=\"_ _d\"></span>venta cuando su <span class=\"_ _2\"></span>valor se <span class=\"_ _2\"></span>prev\u00e9 recuperar <span class=\"_ _2\"></span>principalmente a <span class=\"_ _2\"></span>trav\u00e9s de <span class=\"_ _2\"></span>su venta, <span class=\"_ _2\"></span>y siem<span class=\"_ _2\"></span>pre que <span class=\"_ _2\"></span>la venta <span class=\"_ _2\"></span>se considere<span class=\"_ _2\"></span> altamente probable, y el a<span class=\"_ _3\"></span>ctivo est\u00e9 disp<span class=\"_ _3\"></span>onible para <span class=\"_ _3\"></span>su venta inmediata en su esta<span class=\"_ _3\"></span>do actual.<span class=\"_ _3\"></span> Estos <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>o gru<span class=\"_ _3\"></span>pos d<span class=\"_ _3\"></span>e enajenaci\u00f3n <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>valoran <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el menor <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>libros <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>el valor <span class=\"_ _3\"></span>estimado <span class=\"_ _3\"></span>de venta deducidos los costes nece<span class=\"_ _2\"></span>sarios para llevarla a cabo y<span class=\"_ _2\"></span> dejan de <span class=\"_ _2\"></span>amortizarse desde el <span class=\"_ _2\"></span>momento en que<span class=\"_ _2\"></span> son <span class=\"_ _f\"></span>clasificados <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>corrient<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>mantenidos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>venta. <span class=\"_ _f\"></span>Anualmente <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>analiza <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>valor contable <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>exceda <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>zonable <span class=\"_ _3\"></span>menos <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e v<span class=\"_ _3\"></span>enta. <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>producirse <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>se realizan las<span class=\"_ _3\"></span> correspond<span class=\"_ _3\"></span>ientes <span class=\"_ _3\"></span>correcciones <span class=\"_ _3\"></span>valorativas <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se incluyen en<span class=\"_ _3\"></span> el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cD<span class=\"_ _f\"></span><span class=\"ff3\">eterioros de <span class=\"_ _3\"></span>valor y<span class=\"_ _3\"></span> </span>resultados p<span class=\"_ _3\"></span>or enajenaci\u00f3n de inmovilizado\u201d d<span class=\"_ _3\"></span>el Estado d<span class=\"_ _3\"></span>e Resultado consolidado<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>corrientes <span class=\"_ _10\"> </span>mantenid<span class=\"_ _3\"></span>os <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>venta  se <span class=\"_ _10\"> </span>presentan <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Sit<span class=\"_ _2\"></span>uaci\u00f3n <span class=\"_ _13\"> </span>Financiera consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"_ _2\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes mantenidos para <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>venta\u201d<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y los <span class=\"_ _d\"></span>pasivo<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>tambi\u00e9n <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>na \u00fanica <span class=\"_ _d\"></span>l\u00ednea denominada <span class=\"_ _2\"></span>\u201cPasivos <span class=\"_ _2\"></span>asociados a<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>activos no corrientes mantenido<span class=\"_ _3\"></span>s para la v<span class=\"_ _3\"></span>enta\u201d.<span class=\"ff3\"> </span>Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _13\"> </span>considera <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>terrumpidas <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>componentes <span class=\"_ _13\"> </span>(unidades <span class=\"_ _10\"> </span>o <span class=\"_ _13\"> </span>grupos <span class=\"_ _10\"> </span>de unidades <span class=\"_ _f\"></span>generadora<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo) <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>representan <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>l\u00ednea <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>\u00e1rea <span class=\"_ _f\"></span>geogr\u00e1fica <span class=\"_ _f\"></span>significativa <span class=\"_ _f\"></span>y que <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ueda <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>siderarse <span class=\"_ _10\"></span>separada <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>resto, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _f\"></span>yan <span class=\"_ _0\"></span>vend<span class=\"_ _3\"></span>ido <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>dispuesto <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _10\"></span>v\u00eda, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>que re\u00fanen las cond<span class=\"_ _3\"></span>iciones descritas par<span class=\"_ _3\"></span>a ser clasificadas como mantenidas<span class=\"_ _3\"></span> para la v<span class=\"_ _3\"></span>enta.<span class=\"_ _3\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"_ _2\"></span>operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>Resultado <span class=\"_ _1a\"> </span>consolidado <span class=\"_ _1a\"> </span>denominada <span class=\"_ _1a\"> </span>\u201cResultado<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>del <span class=\"_ _1a\"> </span>ejercicio <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rocedente <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>operaciones interrumpidas neto d<span class=\"_ _3\"></span>e impuestos<span class=\"_ _3\"></span>\u201d.<span class=\"_ _65\"> </span>3.18<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Beneficio por acci\u00f3n </span></span>El <span class=\"_ _0\"></span>beneficio <span class=\"_ _f\"></span>b\u00e1s<span class=\"_ _3\"></span>ico <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>acci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>calcula <span class=\"_ _0\"></span>como <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>cociente <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>\u201cBeneficio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>atribuible <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la Sociedad <span class=\"_ _f\"></span>Dominan<span class=\"_ _3\"></span>te\u201d <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>n\u00famero <span class=\"_ _f\"></span>m<span class=\"_ _3\"></span>edio <span class=\"_ _f\"></span>pon<span class=\"_ _3\"></span>derado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>acciones <span class=\"_ _f\"></span>ord<span class=\"_ _3\"></span>inarias <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>circulaci\u00f3n <span class=\"_ _0\"></span>durante <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>icho per\u00edodo, <span class=\"_ _13\"> </span>sin <span class=\"_ _13\"> </span>incluir <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>n\u00famero <span class=\"_ _13\"> </span>medio <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>acciones <span class=\"_ _13\"> </span>propias <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>Sociedad <span class=\"_ _13\"> </span>Dominante <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>cartera <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> sociedades del Grupo<span class=\"_ _3\"></span>. Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>beneficio <span class=\"_ _0\"></span>diluid<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>acci\u00f3n <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>calcula <span class=\"_ _10\"></span>co<span class=\"_ _2\"></span>mo <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>cociente <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span><span class=\"ff6\">\u201c<span class=\"_ _3\"></span>Beneficio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio </span>atribuible <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Do<span class=\"_ _3\"></span>minante\u201d <span class=\"_ _0\"></span><span class=\"ff3\">y <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>n\u00famero <span class=\"_ _0\"></span>medio <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>onderado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>acciones<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ordinarias<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>circulaci\u00f3n<span class=\"_ _3\"></span> </span>durante el periodo, ajustado por <span class=\"_ _2\"></span>el promedio ponderado de <span class=\"_ _2\"></span>las acciones ordinarias que <span class=\"_ _2\"></span>ser\u00edan emitidas si <span class=\"_ _2\"></span>se convirtieran <span class=\"_ _13\"> </span>todas <span class=\"_ _13\"> </span>la<span class=\"_ _2\"></span>s <span class=\"_ _13\"> </span>accione<span class=\"_ _2\"></span>s <span class=\"_ _13\"> </span>potenciales <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>acciones <span class=\"_ _10\"> </span>ord<span class=\"_ _3\"></span>inarias. <span class=\"_ _13\"> </span>A <span class=\"_ _10\"> </span>estos <span class=\"_ _13\"> </span>efe<span class=\"_ _2\"></span>cto<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>cons<span class=\"_ _3\"></span>idera <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"> </span>la<span class=\"_ _65\"> </span>conversi\u00f3n tiene lugar al comienzo del <span class=\"_ _2\"></span>periodo o en el <span class=\"_ _2\"></span>momento de la e<span class=\"_ _2\"></span>misi\u00f3n de las acciones potenciales s<span class=\"_ _2\"></span>i estas se hu<span class=\"_ _3\"></span>biesen puesto en circulaci\u00f3n d<span class=\"_ _3\"></span>urante el propio periodo.<span class=\"_ _3\"></span> 3.19<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Tr<span class=\"_ _3\"></span>ansacc<span class=\"_ _2\"></span>iones con partes vin<span class=\"_ _2\"></span>culadas </span></span>El Grupo realiza tod<span class=\"_ _3\"></span>as sus operaciones con p<span class=\"_ _3\"></span>artes vinculad<span class=\"_ _3\"></span>as a valores de mercado. <span class=\"_ _f\"></span> 3.20<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\"> S<span class=\"_ _3\"></span>aldos y t<span class=\"_ _2\"></span>ransacciones en <span class=\"_ _2\"></span>moneda diferen<span class=\"_ _2\"></span>te al euro<span class=\"_ _65\"> </span> </span></span>Las <span class=\"_ _3\"></span>cuentas <span class=\"_ _3\"></span>anu<span class=\"_ _3\"></span>ales <span class=\"_ _3\"></span>consolidadas <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>presentan <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>euros<span class=\"_ _3\"></span>, q<span class=\"_ _3\"></span>ue es<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>mon<span class=\"_ _3\"></span>eda <span class=\"_ _3\"></span>funcional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e presenta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>de la Sociedad Dominante.<span class=\"_ _3\"></span> La <span class=\"_ _2\"></span>conversi\u00f3n <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>euros<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>los cr\u00e9ditos <span class=\"_ _d\"></span>y d\u00e9bitos <span class=\"_ _d\"></span>expresados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>en m<span class=\"_ _2\"></span>oneda <span class=\"_ _2\"></span>diferente <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>euro <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>realiza<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ap<span class=\"_ _3\"></span>licando el <span class=\"_ _2\"></span>tipo de <span class=\"_ _2\"></span>cambio vigente e<span class=\"_ _2\"></span>n el momento <span class=\"_ _2\"></span>de efectuar <span class=\"_ _2\"></span>la correspondiente operaci\u00f3n, <span class=\"_ _2\"></span>ajust\u00e1ndos<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>dicho valor en  cada <span class=\"_ _13\"> </span>cierre  y <span class=\"_ _13\"> </span>hasta  su  cancelaci\u00f3n  en  funci\u00f3n  de <span class=\"_ _13\"> </span>la  evoluci\u00f3n  del <span class=\"_ _13\"> </span>tipo  de  cambio. <span class=\"_ _13\"> </span>Los  activos  no monetarios <span class=\"_ _2\"></span>denominados <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>moneda <span class=\"_ _2\"></span>extranjera, <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>oco <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>ignificativos e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>ENCE, <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>conv<span class=\"_ _3\"></span>ierten <span class=\"_ _2\"></span>aplicando <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>tipo de cambio aplicable en la f<span class=\"_ _3\"></span>echa en la q<span class=\"_ _3\"></span>ue el activo se incorpo<span class=\"_ _3\"></span>r\u00f3 al Grupo.<span class=\"_ _3\"></span> Las diferencias <span class=\"_ _2\"></span>de cambio que resultan <span class=\"_ _2\"></span>del cobro <span class=\"_ _2\"></span>o pago de <span class=\"_ _2\"></span>cr\u00e9ditos o <span class=\"_ _2\"></span>deudas en m<span class=\"_ _2\"></span>oneda diferente del euro y <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>resultan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>valorar <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>entas <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cobrar <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>pagar <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>moneda <span class=\"_ _f\"></span>diferente <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>euro <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>cada <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>de cierre, d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>vige<span class=\"_ _3\"></span>nte <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ese <span class=\"_ _3\"></span>momento, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>imputan <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>gasto financiero en el period<span class=\"_ _3\"></span>o en que se prod<span class=\"_ _3\"></span>ucen. 3.21<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Estado de flujos de efectiv<span class=\"_ _2\"></span>o  </span></span>En los estados de flujos de ef<span class=\"_ _2\"></span>ectivo consolidados, preparados de acuerdo al m\u00e9todo indirecto, se utilizan las siguientes expresiones<span class=\"_ _3\"></span> en los siguientes s<span class=\"_ _3\"></span>entidos: 1.<span class=\"ls0_1\"> <span class=\"_ _1e\"> </span>Flujos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>efectivo: <span class=\"_ _10\"> </span>entradas <span class=\"_ _13\"> </span>y <span class=\"_ _10\"></span>salidas <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _10\"></span>y <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>su<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>equivalent<span class=\"_ _3\"></span>es, <span class=\"_ _10\"> </span>entendiendo <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>\u00e9stos <span class=\"_ _10\"> </span>las </span>inversiones a co<span class=\"_ _3\"></span>rto plazo (inferior a 3 meses) d<span class=\"_ _3\"></span>e gran liquidez y baj<span class=\"_ _3\"></span>o riesgo de alteraciones en s<span class=\"_ _3\"></span>u valor. <span class=\"_ _f\"></span> 2.<span class=\"ls0_1\"> <span class=\"_ _1e\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>explotaci\u00f3n<span class=\"_ _3\"></span>: <span class=\"_ _f\"></span>actividades <span class=\"_ _0\"></span>t\u00edpicas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>entidades <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>forman <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>tras </span>actividades q<span class=\"_ _3\"></span>ue no pueden ser calificadas co<span class=\"_ _3\"></span>mo de inversi\u00f3n<span class=\"_ _3\"></span> o de financiaci\u00f3n.<span class=\"_ _3\"></span> 3.<span class=\"ls0_1\"> <span class=\"_ _1e\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>invers<span class=\"_ _3\"></span>i\u00f3n: <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>enajenaci\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>disposici\u00f3n <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _f\"></span>otros <span class=\"_ _0\"></span>medios <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _f\"></span>a </span>largo plazo y o<span class=\"_ _3\"></span>tras inversiones no incluid<span class=\"_ _3\"></span>as en el efectivo y sus<span class=\"_ _3\"></span> equivalentes.<span class=\"_ _3\"></span> 4.<span class=\"ls0_1\"> <span class=\"_ _1e\"> </span>Actividades <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>financiaci\u00f3n: <span class=\"_ _16\"> </span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>prod<span class=\"_ _3\"></span>ucen <span class=\"_ _16\"> </span>cambios <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>ta<span class=\"_ _3\"></span>ma\u00f1o <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>composici\u00f3n <span class=\"_ _19\"> </span>del </span>patrimonio neto y d<span class=\"_ _3\"></span>e los pasivos que n<span class=\"_ _3\"></span>o forman parte de las activid<span class=\"_ _3\"></span>ades de explotaci\u00f3n.<span class=\"_ _65\"> </span>3.22<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ac<span class=\"_ _3\"></span>tividad<span class=\"_ _2\"></span>es con impacto en<span class=\"_ _2\"></span> el Medio Ambiente </span></span>Se <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>ideran <span class=\"_ _3\"></span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _f\"></span>medioambientales <span class=\"_ _f\"></span>aquellas <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>peraciones <span class=\"_ _f\"></span>desarrolladas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>yo <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rop\u00f3sito principal <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>proteger, <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>educir <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>eparar <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>da\u00f1o, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>mo <span class=\"_ _0\"></span>resultado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _10\"></span>se <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>ueda producir sob<span class=\"_ _3\"></span>re el medio ambiente.<span class=\"_ _3\"></span> Los gastos <span class=\"_ _d\"></span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las act<span class=\"_ _2\"></span>ividades me<span class=\"_ _2\"></span>dioambientales se <span class=\"_ _2\"></span>reconocen <span class=\"_ _2\"></span>como \u201cOtros <span class=\"_ _d\"></span>gas<span class=\"_ _3\"></span>tos de <span class=\"_ _d\"></span>explotaci\u00f3n\u201d en el ejercicio en el qu<span class=\"_ _3\"></span>e se incurren. Los elementos d<span class=\"_ _3\"></span>el inmovilizado material ad<span class=\"_ _3\"></span>quiridos con<span class=\"_ _3\"></span> el objeto de s<span class=\"_ _3\"></span>er utilizados de for<span class=\"_ _3\"></span>ma duradera en s<span class=\"_ _3\"></span>u actividad y cu<span class=\"_ _3\"></span>ya finalidad principal es la minimizac<span class=\"_ _3\"></span>i\u00f3n del impacto medioa<span class=\"_ _3\"></span>mbiental y la p<span class=\"_ _3\"></span>rotecci\u00f3n y mejora<span class=\"_ _3\"></span> del <span class=\"_ _3\"></span>medio <span class=\"_ _f\"></span>ambiente, <span class=\"_ _f\"></span>incluyendo <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>reducci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>eliminaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>conta<span class=\"_ _3\"></span>minaci\u00f3n <span class=\"_ _3\"></span>futu<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>operaciones del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>reconocen <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>activos <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>aplicaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>criterios<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>valoraci\u00f3n, <span class=\"_ _10\"> </span>presentaci\u00f3n <span class=\"_ _10\"></span>y desglose consis<span class=\"_ _3\"></span>tentes con los que s<span class=\"_ _3\"></span>e mencionan <span class=\"_ _3\"></span>en los apartado<span class=\"_ _3\"></span>s 3.2 y 3.3 de esta mis<span class=\"_ _3\"></span>ma No<span class=\"_ _3\"></span><span class=\"ls23\">ta</span>. Las <span class=\"_ _10\"> </span>pro<span class=\"_ _3\"></span>visiones <span class=\"_ _10\"> </span>relativas <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>responsabilidades <span class=\"_ _10\"> </span>pro<span class=\"_ _3\"></span>bables <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>ciertas, <span class=\"_ _10\"> </span>litigios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>curs<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>indemnizacion<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span> obligaciones <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>endientes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>c<span class=\"_ _3\"></span>uant\u00eda <span class=\"_ _13\"> </span>indeterminada <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>naturaleza <span class=\"_ _13\"> </span>medioambiental, <span class=\"_ _10\"> </span>no <span class=\"_ _13\"> </span>cubiertas <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>las p\u00f3lizas <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>seguros <span class=\"_ _0\"></span>suscritas, <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>constitu<span class=\"_ _3\"></span>yen <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>moment<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>acimiento <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>respo<span class=\"_ _3\"></span>nsabilid<span class=\"_ _3\"></span>ad <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la obligaci\u00f3n <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>determina <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>indemnizaci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>pago. <span class=\"_ _10\"> </span>No <span class=\"_ _10\"></span>hay <span class=\"_ _0\"></span>provisiones <span class=\"_ _10\"></span>relevantes <span class=\"_ _0\"></span>constituidas <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>este concepto al cierre de 202<span class=\"_ _3\"></span><span class=\"ls10\">5 </span>y 2024.<span class=\"_ _65\"> </span>15.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Fondo de comercio </span></span>El fond<span class=\"_ _3\"></span>o de comercio <span class=\"_ _3\"></span>neto al <span class=\"_ _3\"></span>31 de <span class=\"_ _3\"></span>diciembre de 2025 <span class=\"_ _3\"></span>y 2024 <span class=\"_ _3\"></span>desglosad<span class=\"_ _3\"></span>o por <span class=\"_ _3\"></span>las unidades generadoras<span class=\"_ _3\"></span> de efectivo a las q<span class=\"_ _3\"></span>ue se ha asignado, es el siguient<span class=\"_ _3\"></span>e: <table class=\"s w36c h1a4\" id=\"_075d85a9-3dbd-488b-833f-d0e9ab532762\"><tr><td class=\"c x28c y11cf w10a h6c\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2025 </div></td><td></td><td></td><td class=\"c x406 y11cf w10c h6c\"><div class=\"t_1 m0_1 x4a h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x407 y11d0 w36d h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d0 w36e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro<span class=\"_ _65\"> </span></div></td><td class=\"c x409 y11d0 w36f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor Neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y11d1 w10a hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">UGE asignada </div></td><td class=\"c x40a y11d1 w10b hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tecnolog\u00eda </div></td><td class=\"c x40b y11d2 w370 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comercio<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d2 w32e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 15)<span class=\"_ _65\"> </span></div></td><td class=\"c x40c y11d2 w371 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contable<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y11d4 w372 h1a5\"><div class=\"t_1 m0_1 x1c9 h20 y11d3 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Jaen 16 MW - Ciudad Real 16 MW (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x40a y11d5 w10b h6e\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biomasa </div></td><td class=\"c x406 y11d5 w18 h6e\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">2.737  </span></div></td><td class=\"c x40d y11d5 w51 h6e\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11d5 wb4 h6e\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y11d6 w10a h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometa<span class=\"ls2f\">no</span> La Galera (**) </div></td><td class=\"c x40a y11d6 w10b h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometano </div></td><td class=\"c x406 y11d6 w18 h1d\"><div class=\"t_1 m0_1 x82 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">4.8<span class=\"lsd\">20</span>  </span></div></td><td class=\"c x40d y11d6 w51 h1d\"><div class=\"t_1 m0_1 x19 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y11d6 wb4 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.8<span class=\"lsd\">20</span>  </span></div></td></tr><tr><td></td><td></td><td class=\"c x406 y11d7 w18 h1d\"><div class=\"t_1 m0_1 x82 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">7.557 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x40d y11d7 w51 h1d\"><div class=\"t_1 m0_1 xf h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11d7 wb4 h1d\"><div class=\"t_1 m0_1 x50 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">4.820</span><span class=\"lsd\"> <span class=\"ls0_1\"> </span></span></div></td></tr></table><table class=\"s w36c h1a6\" id=\"_fe907818-d438-447c-bf0d-747ec2b74f56\"><tr><td class=\"c x28c y11d8 w10a h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2024 </div></td><td></td><td></td><td class=\"c x406 y11d8 w10c h6c\"><div class=\"t_1 m0_1 x4a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x407 y11d9 w36d h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d9 w36e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro<span class=\"_ _65\"> </span></div></td><td class=\"c x409 y11d9 w36f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor Neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y11da w10a hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">UGE asignada </div></td><td class=\"c x40a y11da w10b hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tecnolog\u00eda </div></td><td class=\"c x40b y11db w370 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comercio<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11db w32e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 15)<span class=\"_ _65\"> </span></div></td><td class=\"c x40c y11db w371 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contable<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y11d4 w372 h1a7\"><div class=\"t_1 m0_1 x1c9 h20 y11dc ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Jaen 16 MW - Ciudad Real 16 MW (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x40a y11dd w10b h6c\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biomasa </div></td><td class=\"c x406 y11dd w18 h6c\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">2.737  </span></div></td><td class=\"c x40d y11dd w51 h6c\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11dd wb4 h6c\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y11de w10a h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometa<span class=\"ls2f\">no</span> La Galera (**) </div></td><td class=\"c x40a y11de w10b h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometano </div></td><td class=\"c x406 y11de w18 h1d\"><div class=\"t_1 m0_1 x82 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">4.8<span class=\"lsd\">13</span>  </span></div></td><td class=\"c x40d y11de w51 h1d\"><div class=\"t_1 m0_1 x19 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y11de wb4 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.8<span class=\"lsd\">13</span>  </span></div></td></tr><tr><td></td><td></td><td class=\"c x406 y11df w18 h1d\"><div class=\"t_1 m0_1 x82 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">7.55<span class=\"ls0_1\">0</span><span class=\"ls0_1\">  </span></span></div></td><td class=\"c x40d y11df w51 h1d\"><div class=\"t_1 m0_1 xf h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11df wb4 h1d\"><div class=\"t_1 m0_1 x50 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">4.813<span class=\"ls0_1\">  </span></span></div></td></tr></table>(*) <span class=\"_ _f\"></span>Tiene <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>origen <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>ENCE <span class=\"_ _0\"></span>ostenta <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>Loma, <span class=\"_ _0\"></span>S.A. <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> Energ\u00edas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Manch<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>ENEMAN, <span class=\"_ _f\"></span>S.A., <span class=\"_ _f\"></span>sociedades<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>titulares <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>ins<span class=\"_ _3\"></span>talaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>energ\u00eda con biomasa ubicadas en Ja\u00e9n y Ciudad Real y con potencia in<span class=\"_ _3\"></span>stalada de 16 MW cada una de ellas. Al 31 de diciembre de 2025 y 2024<span class=\"_ _3\"></span> se encuentra<span class=\"_ _3\"></span> \u00edntegramente deteriora<span class=\"_ _3\"></span>do (v\u00e9ase Nota 1<span class=\"_ _3\"></span>9<span class=\"ls18\">).</span> (**) <span class=\"_ _10\"></span>Tiene <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _10\"></span>origen <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>adquisici\u00f3n, <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>2024, <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>particip<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>ENCE <span class=\"_ _10\"> </span>ostenta <span class=\"_ _10\"> </span>en Biometag\u00e1s La Galera, S.L<span class=\"_ _3\"></span>., sociedad tenedora d<span class=\"_ _3\"></span>e una instalaci\u00f3n d<span class=\"_ _3\"></span>e generaci\u00f3n de biometano<span class=\"_ _f\"></span> (v\u00e9ase Nota 6)<span class=\"ls0_1\">. El Grupo<span class=\"_ _3\"></span> ha realizado u<span class=\"_ _3\"></span>n test de <span class=\"_ _3\"></span>deterioro evalu<span class=\"_ _3\"></span>ando la <span class=\"_ _3\"></span>recuperabilidad del <span class=\"_ _3\"></span>fondo de <span class=\"_ _3\"></span>comercio a trav\u00e9s </span>de flujos <span class=\"_ _3\"></span>de efectivo<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>insta<span class=\"_ _3\"></span>laci\u00f3n, <span class=\"_ _3\"></span>actualmente en <span class=\"_ _3\"></span>funcionamiento<span class=\"_ _3\"></span><span class=\"ls14\">, </span>m\u00e1s <span class=\"_ _3\"></span>el valo<span class=\"_ _3\"></span>r d<span class=\"_ _3\"></span>e los <span class=\"_ _3\"></span>proyectos <span class=\"_ _3\"></span>en desarrollo de Biometano considerando comparables de mercado<span class=\"_ _3\"></span>. El valor contable de los activos de la <span class=\"_ _2\"></span>UGE asciende a <span class=\"_ _3\"></span>30,8 <span class=\"_ _3\"></span>millones d<span class=\"_ _3\"></span>e e<span class=\"_ _3\"></span>uros. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>valor recuperab<span class=\"_ _3\"></span>le de l<span class=\"_ _3\"></span>a UGE <span class=\"_ _3\"></span>es sup<span class=\"_ _3\"></span>erior a <span class=\"_ _3\"></span>su v<span class=\"_ _3\"></span>alor neto <span class=\"_ _3\"></span>contable. <span class=\"_ _3\"></span>Las principales hip\u00f3tesis utilizadas son, <span class=\"_ _2\"></span>una WACC <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>espu\u00e9s de <span class=\"_ _2\"></span>impuestos del 6%<span class=\"_ _2\"></span>, los <span class=\"_ _2\"></span>precios fijados en los <span class=\"_ _2\"></span>BPAs firmados y los co<span class=\"_ _3\"></span>stes estimados <span class=\"_ _3\"></span>de operaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "2.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Bases de presentaci\u00f3n<span class=\"_ _2\"></span>  </span>Las cuentas anuales <span class=\"_ _2\"></span>consolidadas<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _2\"></span>Energ\u00eda y <span class=\"_ _2\"></span>Celulosa, S.A. del <span class=\"_ _2\"></span>ejercicio 2025 se han elaborado <span class=\"_ _2\"></span>a partir de los <span class=\"_ _3\"></span>registros <span class=\"_ _3\"></span>contables <span class=\"_ _3\"></span>y d<span class=\"_ _3\"></span>e las <span class=\"_ _3\"></span>cuentas <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>de dich<span class=\"_ _3\"></span>a so<span class=\"_ _3\"></span>ciedad, y <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>de las <span class=\"_ _3\"></span>sociedad<span class=\"_ _3\"></span>es integrantes <span class=\"_ _3\"></span>del Grupo <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>han <span class=\"_ _13\"> </span>sido <span class=\"_ _13\"> </span>preparadas <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>acuerdo <span class=\"_ _10\"> </span>al  m<span class=\"_ _2\"></span>arco <span class=\"_ _13\"> </span>normativo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>informaci\u00f3n <span class=\"_ _13\"> </span>financiera <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>resulta <span class=\"_ _13\"> </span>de aplicaci\u00f3n <span class=\"_ _3\"></span>y, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>particu<span class=\"_ _3\"></span>lar, de <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>No<span class=\"_ _3\"></span>rmas <span class=\"_ _3\"></span>Internacionales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Informaci\u00f3n <span class=\"_ _3\"></span>Financiera <span class=\"_ _3\"></span>adoptadas por la Uni\u00f3n E<span class=\"_ _3\"></span>uropea (NIIF<span class=\"_ _3\"></span>-UE) conforme a lo disp<span class=\"_ _3\"></span>uesto en el Reglamento (CE) n<span class=\"_ _3\"></span>\u00ba 1606/2002 del Parlam<span class=\"_ _3\"></span>ento y del <span class=\"_ _3\"></span>Consejo E<span class=\"_ _3\"></span>uropeo y<span class=\"_ _3\"></span> dem<span class=\"_ _3\"></span>\u00e1s d<span class=\"_ _3\"></span>isposiciones <span class=\"_ _3\"></span>del marco <span class=\"_ _3\"></span>normativo<span class=\"_ _f\"></span> de infor<span class=\"_ _3\"></span>maci\u00f3n <span class=\"_ _3\"></span>financiera qu<span class=\"_ _3\"></span>e resulta<span class=\"_ _3\"></span> de aplicaci\u00f3n, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>mue<span class=\"_ _3\"></span>stran <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>imagen <span class=\"_ _3\"></span>fiel <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>patrimon<span class=\"_ _3\"></span>io y<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 de <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> lo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>resultados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de s<span class=\"_ _3\"></span>us <span class=\"_ _3\"></span>operaciones, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>patri<span class=\"_ _3\"></span>monio <span class=\"_ _3\"></span>neto <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidados <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>generado <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>du<span class=\"_ _3\"></span>rante <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _0\"></span>anu<span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>terminado <span class=\"_ _0\"></span>en dicha <span class=\"_ _15\"> </span>fecha. <span class=\"_ _15\"> </span>Asimismo, <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>su <span class=\"_ _15\"> </span>preparaci\u00f3n <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>han <span class=\"_ _15\"> </span>considerado <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>requisitos <span class=\"_ _15\"> </span>de <span class=\"_ _16\"> </span>formato <span class=\"_ _15\"> </span>electr\u00f3nico establecidos en el Regla<span class=\"_ _3\"></span>mento Delegado UE 2018/81<span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e la UE.<span class=\"_ _65\"> </span>Las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales <span class=\"_ _10\"></span>consolidadas <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"></span>ejercicio <span class=\"_ _10\"></span>2025 <span class=\"_ _10\"> </span>formuladas<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>Adminis<span class=\"_ _3\"></span>tradores <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> Sociedad <span class=\"_ _2\"></span>Dominante se <span class=\"_ _d\"></span>someter\u00e1n a <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>aprob<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>su Junta <span class=\"_ _d\"></span>General Ordinaria <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>Accionistas,<span class=\"_ _65\"> </span>estim\u00e1ndose que ser\u00e1n<span class=\"_ _3\"></span> aprobad<span class=\"_ _3\"></span>as sin n<span class=\"_ _3\"></span>inguna modificaci\u00f3n. <span class=\"_ _3\"></span>Por su<span class=\"_ _3\"></span> parte, las<span class=\"_ _3\"></span> cuentas <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>consolidadas <span class=\"_ _3\"></span>del Grupo <span class=\"_ _3\"></span>del ejercicio <span class=\"_ _3\"></span>2024 <span class=\"_ _f\"></span>fueron <span class=\"_ _3\"></span>aproba<span class=\"_ _3\"></span>das <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>ccionistas <span class=\"_ _f\"></span>de la <span class=\"_ _f\"></span>Sociedad <span class=\"_ _3\"></span>Dominante <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>3 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>abril de 2025.<span class=\"_ _65\"> </span>Durante <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>incurrido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>explotaci\u00f3n <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>36.926 <span class=\"_ _f\"></span>miles <span class=\"_ _3\"></span>de euros <span class=\"_ _f\"></span>(resultado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>explotaci\u00f3n <span class=\"_ _f\"></span>positivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>63.321 <span class=\"_ _3\"></span>miles <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2024) <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>resultado <span class=\"_ _f\"></span>consolidado <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> ejercicio <span class=\"_ _10\"></span>negativo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>54.457 <span class=\"_ _10\"> </span>miles <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _3\"></span>s <span class=\"_ _10\"></span>(positivo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>31.551 <span class=\"_ _10\"> </span>miles <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>euros <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _10\"> </span>2024). <span class=\"_ _10\"> </span>Ha generado <span class=\"_ _3\"></span>flujos <span class=\"_ _f\"></span>de efectivo <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>explotaci\u00f3n <span class=\"_ _f\"></span>positivos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>50.277 <span class=\"_ _3\"></span>miles <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>euros <span class=\"_ _f\"></span>(positivos d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>78.599 <span class=\"_ _f\"></span>miles <span class=\"_ _3\"></span>de euros en <span class=\"_ _3\"></span>2024), si <span class=\"_ _3\"></span>bien es<span class=\"_ _3\"></span>tos no han <span class=\"_ _3\"></span>sido su<span class=\"_ _3\"></span>ficientes para hacer frente <span class=\"_ _3\"></span>a los<span class=\"_ _3\"></span> pasiv<span class=\"_ _3\"></span>os f<span class=\"_ _3\"></span>inancieros <span class=\"_ _3\"></span>a corto<span class=\"_ _3\"></span> plazo por <span class=\"_ _f\"></span>lo <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>dicie<span class=\"_ _3\"></span>mbre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>20<span class=\"_ _3\"></span>25 <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _f\"></span>presenta<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>fondo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>maniob<span class=\"_ _3\"></span>ra <span class=\"_ _f\"></span>negat<span class=\"_ _3\"></span>ivo <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>de 47.702 <span class=\"_ _13\"> </span>miles <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>euros.  Los <span class=\"_ _13\"> </span>Administradores  han <span class=\"_ _13\"> </span>formulado <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>presentes <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>anuales <span class=\"_ _13\"> </span>consolidadas atendiendo al principio de empresa en funcionamiento teniendo en consideraci\u00f3n que el Grupo gener\u00f3 en e<span class=\"_ _2\"></span>l ejercicio <span class=\"_ _10\"> </span>2025 <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>flujo <span class=\"_ _10\"> </span>de<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>caja <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>explotaci\u00f3n <span class=\"_ _10\"></span>positivo <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>importe <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>50,3 <span class=\"_ _10\"></span>millones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>euros <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"> </span>las previsiones de caja en 2026 se estiman igualmente flujos de caja positivos y <span class=\"_ _3\"></span>superiores al fondo de maniobra negativo. As<span class=\"_ _3\"></span>imismo, en <span class=\"_ _3\"></span>la ev<span class=\"_ _3\"></span>aluaci\u00f3n <span class=\"_ _3\"></span>de esta <span class=\"_ _3\"></span>situaci\u00f3n<span class=\"_ _3\"></span> debe con<span class=\"_ _3\"></span>siderarse q<span class=\"_ _3\"></span>ue el <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>dispone <span class=\"_ _3\"></span>de<span class=\"_ _f\"></span> l\u00edneas <span class=\"_ _3\"></span>de cr\u00e9dito por importe de <span class=\"_ _2\"></span>150 millones de euros<span class=\"ls14\">, </span>con vencimientos<span class=\"_ _3\"></span> establecidos para los ejerci<span class=\"_ _2\"></span>cios 2030 y 2031, y que se encontraban totalmente disponibles al 31 <span class=\"_ _2\"></span>de diciembre <span class=\"_ _2\"></span>de 2025 <span class=\"ls18\">(v</span>\u00e9ase Nota 28.1). Por otro lado<span class=\"ls19\">, e<span class=\"ls1a\">n </span></span>enero <span class=\"_ _2\"></span>de 2026 <span class=\"_ _d\"></span>el Grupo <span class=\"_ _2\"></span>ha incorporado un <span class=\"_ _d\"></span>programa de <span class=\"_ _2\"></span>bonos<span class=\"_ _3\"></span> por <span class=\"_ _d\"></span>importe m\u00e1ximo de <span class=\"_ _d\"></span>20<span class=\"_ _3\"></span>0 <span class=\"_ _2\"></span>millones de <span class=\"_ _2\"></span>euros con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>suscrito <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>fech<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>for<span class=\"_ _3\"></span>mulaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>an<span class=\"_ _3\"></span>uales <span class=\"_ _10\"> </span>consolidad<span class=\"_ _3\"></span>as <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>85 <span class=\"_ _f\"></span>millon<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e euros (v\u00e9ase N<span class=\"_ _3\"></span>ota 36). En <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>nota <span class=\"_ _10\"> </span>3 <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>resumen <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>ol\u00edticas <span class=\"_ _10\"> </span>contables <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>criterios<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valoraci\u00f3n <span class=\"_ _10\"> </span>m\u00e1s <span class=\"_ _10\"> </span>significativ<span class=\"_ _3\"></span>os <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>han <span class=\"_ _10\"> </span>sido aplicados en la<span class=\"_ _3\"></span> elaboraci\u00f3n de estas<span class=\"_ _3\"></span> cuentas anuales con<span class=\"_ _3\"></span>solidadas.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>Euro <span class=\"_ _d\"></span>es<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la m<span class=\"_ _2\"></span>oneda <span class=\"_ _2\"></span>funcional <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>presentaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de la <span class=\"_ _d\"></span>Sociedad <span class=\"_ _2\"></span>Dominante. <span class=\"_ _2\"></span>Las <span class=\"_ _2\"></span>cuentas <span class=\"_ _2\"></span>anuales <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>solidadas se expresan por <span class=\"_ _3\"></span>tanto en euros.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Las cuentas anuales <span class=\"_ _2\"></span>consolidadas<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _2\"></span>Energ\u00eda y <span class=\"_ _2\"></span>Celulosa, S.A. del <span class=\"_ _2\"></span>ejercicio 2025 se han elaborado <span class=\"_ _2\"></span>a partir de los <span class=\"_ _3\"></span>registros <span class=\"_ _3\"></span>contables <span class=\"_ _3\"></span>y d<span class=\"_ _3\"></span>e las <span class=\"_ _3\"></span>cuentas <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>de dich<span class=\"_ _3\"></span>a so<span class=\"_ _3\"></span>ciedad, y <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>de las <span class=\"_ _3\"></span>sociedad<span class=\"_ _3\"></span>es integrantes <span class=\"_ _3\"></span>del Grupo <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>han <span class=\"_ _13\"> </span>sido <span class=\"_ _13\"> </span>preparadas <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>acuerdo <span class=\"_ _10\"> </span>al  m<span class=\"_ _2\"></span>arco <span class=\"_ _13\"> </span>normativo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>informaci\u00f3n <span class=\"_ _13\"> </span>financiera <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>resulta <span class=\"_ _13\"> </span>de aplicaci\u00f3n <span class=\"_ _3\"></span>y, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>particu<span class=\"_ _3\"></span>lar, de <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>No<span class=\"_ _3\"></span>rmas <span class=\"_ _3\"></span>Internacionales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Informaci\u00f3n <span class=\"_ _3\"></span>Financiera <span class=\"_ _3\"></span>adoptadas por la Uni\u00f3n E<span class=\"_ _3\"></span>uropea (NIIF<span class=\"_ _3\"></span>-UE) conforme a lo disp<span class=\"_ _3\"></span>uesto en el Reglamento (CE) n<span class=\"_ _3\"></span>\u00ba 1606/2002 del Parlam<span class=\"_ _3\"></span>ento y del <span class=\"_ _3\"></span>Consejo E<span class=\"_ _3\"></span>uropeo y<span class=\"_ _3\"></span> dem<span class=\"_ _3\"></span>\u00e1s d<span class=\"_ _3\"></span>isposiciones <span class=\"_ _3\"></span>del marco <span class=\"_ _3\"></span>normativo<span class=\"_ _f\"></span> de infor<span class=\"_ _3\"></span>maci\u00f3n <span class=\"_ _3\"></span>financiera qu<span class=\"_ _3\"></span>e resulta<span class=\"_ _3\"></span> de aplicaci\u00f3n, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>mue<span class=\"_ _3\"></span>stran <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>imagen <span class=\"_ _3\"></span>fiel <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>patrimon<span class=\"_ _3\"></span>io y<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 de <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> lo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>resultados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de s<span class=\"_ _3\"></span>us <span class=\"_ _3\"></span>operaciones, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>patri<span class=\"_ _3\"></span>monio <span class=\"_ _3\"></span>neto <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidados <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>generado <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>du<span class=\"_ _3\"></span>rante <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _0\"></span>anu<span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>terminado <span class=\"_ _0\"></span>en dicha <span class=\"_ _15\"> </span>fecha. <span class=\"_ _15\"> </span>Asimismo, <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>su <span class=\"_ _15\"> </span>preparaci\u00f3n <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>han <span class=\"_ _15\"> </span>considerado <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>requisitos <span class=\"_ _15\"> </span>de <span class=\"_ _16\"> </span>formato <span class=\"_ _15\"> </span>electr\u00f3nico establecidos en el Regla<span class=\"_ _3\"></span>mento Delegado UE 2018/81<span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e la UE.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "Las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales <span class=\"_ _10\"></span>consolidadas <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"></span>ejercicio <span class=\"_ _10\"></span>2025 <span class=\"_ _10\"> </span>formuladas<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>Adminis<span class=\"_ _3\"></span>tradores <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> Sociedad <span class=\"_ _2\"></span>Dominante se <span class=\"_ _d\"></span>someter\u00e1n a <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>aprob<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>su Junta <span class=\"_ _d\"></span>General Ordinaria <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>Accionistas,<span class=\"_ _65\"> </span>estim\u00e1ndose que ser\u00e1n<span class=\"_ _3\"></span> aprobad<span class=\"_ _3\"></span>as sin n<span class=\"_ _3\"></span>inguna modificaci\u00f3n. <span class=\"_ _3\"></span>Por su<span class=\"_ _3\"></span> parte, las<span class=\"_ _3\"></span> cuentas <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>consolidadas <span class=\"_ _3\"></span>del Grupo <span class=\"_ _3\"></span>del ejercicio <span class=\"_ _3\"></span>2024 <span class=\"_ _f\"></span>fueron <span class=\"_ _3\"></span>aproba<span class=\"_ _3\"></span>das <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>ccionistas <span class=\"_ _f\"></span>de la <span class=\"_ _f\"></span>Sociedad <span class=\"_ _3\"></span>Dominante <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>3 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>abril de 2025.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "El <span class=\"_ _2\"></span>Euro <span class=\"_ _d\"></span>es<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la m<span class=\"_ _2\"></span>oneda <span class=\"_ _2\"></span>funcional <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>presentaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de la <span class=\"_ _d\"></span>Sociedad <span class=\"_ _2\"></span>Dominante. <span class=\"_ _2\"></span>Las <span class=\"_ _2\"></span>cuentas <span class=\"_ _2\"></span>anuales <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>solidadas se expresan por <span class=\"_ _3\"></span>tanto en euros.<span class=\"_ _65\"> </span>Conversi\u00f3n de esta<span class=\"_ _3\"></span>dos financieros<span class=\"_ _3\"></span> Los res<span class=\"_ _3\"></span>ultados y la <span class=\"_ _3\"></span>posici\u00f3n <span class=\"_ _3\"></span>financiera de <span class=\"_ _3\"></span>todas <span class=\"_ _3\"></span>las entidades <span class=\"_ _3\"></span>del Grupo <span class=\"_ _3\"></span>cuya <span class=\"_ _3\"></span>moneda funcional <span class=\"_ _3\"></span>sea dis<span class=\"_ _3\"></span>tinta de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>moneda <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>presentaci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>convierten <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>euro <span class=\"_ _f\"></span>del <span class=\"_ _10\"></span>siguiente <span class=\"_ _0\"></span>modo; <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasiv<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de cambio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cierre en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>Situaci\u00f3n <span class=\"_ _3\"></span>Financiera, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de cambio<span class=\"_ _3\"></span> h<span class=\"_ _3\"></span>ist\u00f3rico, <span class=\"_ _3\"></span>y<span class=\"_ _65\"> </span>los ingresos y gastos <span class=\"_ _2\"></span>al tipo de<span class=\"_ _2\"></span> cambio medio del <span class=\"_ _2\"></span>periodo de devengo. Las dife<span class=\"_ _2\"></span>rencias de cambio <span class=\"_ _2\"></span>resultantes se <span class=\"_ _3\"></span>reconocen <span class=\"_ _3\"></span>en \u201c<span class=\"_ _3\"></span>Otro <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>Global\u201d, y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>imputar\u00e1n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cuenta d<span class=\"_ _3\"></span>e resulta<span class=\"_ _3\"></span>dos en <span class=\"_ _3\"></span>el periodo<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>que se lleve a cabo la enaj<span class=\"_ _3\"></span>enaci\u00f3n de la inver<span class=\"_ _3\"></span>si\u00f3n.  Las sociedad<span class=\"_ _3\"></span>es del Grupo no se ubican<span class=\"_ _3\"></span> en pa\u00edses de econo<span class=\"_ _3\"></span>m\u00eda h<span class=\"_ _3\"></span>iperinflacionaria.<span class=\"_ _65\"> </span>S<span class=\"_ _3\"></span>aldos y t<span class=\"_ _2\"></span>ransacciones en <span class=\"_ _2\"></span>moneda diferen<span class=\"_ _2\"></span>te al euro<span class=\"_ _65\"> </span>Las <span class=\"_ _3\"></span>cuentas <span class=\"_ _3\"></span>anu<span class=\"_ _3\"></span>ales <span class=\"_ _3\"></span>consolidadas <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>presentan <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>euros<span class=\"_ _3\"></span>, q<span class=\"_ _3\"></span>ue es<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>mon<span class=\"_ _3\"></span>eda <span class=\"_ _3\"></span>funcional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e presenta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>de la Sociedad Dominante.<span class=\"_ _3\"></span> La <span class=\"_ _2\"></span>conversi\u00f3n <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>euros<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>los cr\u00e9ditos <span class=\"_ _d\"></span>y d\u00e9bitos <span class=\"_ _d\"></span>expresados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>en m<span class=\"_ _2\"></span>oneda <span class=\"_ _2\"></span>diferente <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>euro <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>realiza<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ap<span class=\"_ _3\"></span>licando el <span class=\"_ _2\"></span>tipo de <span class=\"_ _2\"></span>cambio vigente e<span class=\"_ _2\"></span>n el momento <span class=\"_ _2\"></span>de efectuar <span class=\"_ _2\"></span>la correspondiente operaci\u00f3n, <span class=\"_ _2\"></span>ajust\u00e1ndos<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>dicho valor en  cada <span class=\"_ _13\"> </span>cierre  y <span class=\"_ _13\"> </span>hasta  su  cancelaci\u00f3n  en  funci\u00f3n  de <span class=\"_ _13\"> </span>la  evoluci\u00f3n  del <span class=\"_ _13\"> </span>tipo  de  cambio. <span class=\"_ _13\"> </span>Los  activos  no monetarios <span class=\"_ _2\"></span>denominados <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>moneda <span class=\"_ _2\"></span>extranjera, <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>oco <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>ignificativos e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>ENCE, <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>conv<span class=\"_ _3\"></span>ierten <span class=\"_ _2\"></span>aplicando <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>tipo de cambio aplicable en la f<span class=\"_ _3\"></span>echa en la q<span class=\"_ _3\"></span>ue el activo se incorpo<span class=\"_ _3\"></span>r\u00f3 al Grupo.<span class=\"_ _3\"></span> Las diferencias <span class=\"_ _2\"></span>de cambio que resultan <span class=\"_ _2\"></span>del cobro <span class=\"_ _2\"></span>o pago de <span class=\"_ _2\"></span>cr\u00e9ditos o <span class=\"_ _2\"></span>deudas en m<span class=\"_ _2\"></span>oneda diferente del euro y <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>resultan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>valorar <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>entas <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cobrar <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>pagar <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>moneda <span class=\"_ _f\"></span>diferente <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>euro <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>cada <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>de cierre, d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>vige<span class=\"_ _3\"></span>nte <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ese <span class=\"_ _3\"></span>momento, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>imputan <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>gasto financiero en el period<span class=\"_ _3\"></span>o en que se prod<span class=\"_ _3\"></span>ucen.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "2.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Principios de consolida<span class=\"_ _2\"></span>ci\u00f3n<span class=\"_ _65\"> </span></span><span class=\"fc2\"> </span>En el Anexo I<span class=\"_ _2\"></span> se <span class=\"_ _2\"></span>incluye un detalle<span class=\"_ _2\"></span> de las <span class=\"_ _2\"></span>sociedades dependientes, negocios conjuntos y asociadas de <span class=\"_ _2\"></span>ENCE, as\u00ed como el m\u00e9todo d<span class=\"_ _3\"></span>e consolidaci\u00f3n o<span class=\"_ _3\"></span> valoraci\u00f3n ap<span class=\"_ _3\"></span>licado y otra informaci\u00f3n referente <span class=\"_ _3\"></span>a las mismas.<span class=\"_ _f\"></span> Sociedades dependien<span class=\"_ _3\"></span>tes Se <span class=\"_ _13\"> </span>consideran  sociedades <span class=\"_ _13\"> </span>dependientes <span class=\"_ _13\"> </span>aquellas  sobre <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>ENCE, <span class=\"_ _13\"> </span>directa <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>indirectamente, <span class=\"_ _13\"> </span>ejerce control. <span class=\"_ _2\"></span>Dicho <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>trol <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>mani<span class=\"_ _3\"></span>fiesta, <span class=\"_ _d\"></span>en ge<span class=\"_ _2\"></span>neral <span class=\"_ _2\"></span>aunque <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>\u00fanicamente, <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>la propiedad, <span class=\"_ _2\"></span>directa <span class=\"_ _d\"></span>o indirecta, de al <span class=\"_ _3\"></span>menos <span class=\"_ _3\"></span>el 50<span class=\"_ _3\"></span>% o <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> derechos <span class=\"_ _3\"></span>pol\u00edt<span class=\"_ _3\"></span>icos <span class=\"_ _3\"></span>de las <span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>tidades <span class=\"_ _3\"></span>participadas. <span class=\"_ _f\"></span>El Grupo E<span class=\"_ _3\"></span>NCE cons<span class=\"_ _3\"></span>idera que <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>el contro<span class=\"_ _3\"></span>l en <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>sociedad <span class=\"_ _3\"></span>cuando <span class=\"_ _3\"></span>posee <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>sustantivos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>le pro<span class=\"_ _3\"></span>porcionan la capacid<span class=\"_ _3\"></span>ad de <span class=\"_ _3\"></span>dirigir las <span class=\"_ _3\"></span>actividades <span class=\"_ _3\"></span>relevantes y <span class=\"_ _3\"></span>est\u00e1 expuesto<span class=\"_ _3\"></span>, o <span class=\"_ _3\"></span>tiene derecho, <span class=\"_ _3\"></span>a rendim<span class=\"_ _f\"></span>ientos variab<span class=\"_ _3\"></span>les procedentes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>implicaci\u00f3n <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>capacidad <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>influir <span class=\"_ _f\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>rendimientos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>v\u00e9s de su pod<span class=\"_ _3\"></span>er sobre esta<span class=\"ff6\">. Es<span class=\"_ _3\"></span>tas sociedades se han con<span class=\"_ _3\"></span>solidado por el m\u00e9todo de \u201cIntegraci<span class=\"_ _3\"></span>\u00f3n Global\u201d.<span class=\"_ _3\"></span></span> Los <span class=\"_ _f\"></span>ingresos, <span class=\"_ _f\"></span>gastos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>flujos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>dependientes <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>incluyen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>cuentas <span class=\"_ _f\"></span>anuales consolidadas <span class=\"_ _0\"></span>desd<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>aquella, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>obtiene <span class=\"_ _0\"></span>efectivamente <span class=\"_ _0\"></span>el control de las mis<span class=\"_ _3\"></span>mas. Las entidad<span class=\"_ _3\"></span>es dependie<span class=\"_ _3\"></span>ntes se excluy<span class=\"_ _3\"></span>en de la consolidaci\u00f3n<span class=\"_ _3\"></span> desde la fecha <span class=\"_ _3\"></span>en la que se pierde el control so<span class=\"_ _3\"></span>bre ellas.<span class=\"_ _3\"></span> Las <span class=\"_ _0\"></span>particip<span class=\"_ _3\"></span>aciones <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>ominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>equivalente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roporcional <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>netos <span class=\"_ _3\"></span>identificables <span class=\"_ _f\"></span>reconocidos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>fecha d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>toma <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>control. Las <span class=\"_ _10\"></span>participaciones <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>dominan<span class=\"_ _3\"></span>tes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>sociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _3\"></span>e presentan b<span class=\"_ _3\"></span>ajo la denominaci\u00f3n d<span class=\"_ _3\"></span>e \u201cIntereses min<span class=\"_ _3\"></span>oritarios\u201d, dentro<span class=\"_ _3\"></span> del cap\u00edtulo \u201cPatrimonio <span class=\"_ _10\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Fina<span class=\"_ _3\"></span>nciera <span class=\"_ _0\"></span>consolidad<span class=\"_ _3\"></span>o, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _f\"></span><span class=\"ff3\">Resultado <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uido <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _3\"></span>el Estado d<span class=\"_ _3\"></span>e Resultado conso<span class=\"_ _3\"></span>lidado.<span class=\"_ _65\"> </span>Los cambio<span class=\"_ _3\"></span>s en <span class=\"_ _3\"></span>la particip<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>sociedad <span class=\"_ _3\"></span>dependiente <span class=\"_ _3\"></span>que no <span class=\"_ _3\"></span>dan <span class=\"_ _3\"></span>lugar a <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>de contro<span class=\"_ _3\"></span>l se contabilizan <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>transacciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>patrimonio, <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>decir, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>cualquier <span class=\"_ _10\"></span>resultado <span class=\"_ _10\"></span>obtenido <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>reconoce directamente en el patrimoni<span class=\"_ _3\"></span>o.  Cuando <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>produce <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>contro<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>baja <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y pasivos, <span class=\"_ _10\"> </span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>otros <span class=\"_ _10\"> </span>compon<span class=\"_ _3\"></span>entes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>cualqu<span class=\"_ _3\"></span>ier <span class=\"_ _10\"></span>participaci\u00f3n <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>dominante <span class=\"_ _10\"></span>que pudiera existir. <span class=\"_ _2\"></span>Las plusval\u00edas <span class=\"_ _d\"></span>o minusval\u00edas resultantes se r<span class=\"_ _2\"></span>econocen e<span class=\"_ _2\"></span>n el <span class=\"_ _2\"></span>Estado de <span class=\"_ _2\"></span>Resultado con<span class=\"_ _2\"></span>solidado. Las <span class=\"_ _f\"></span>participaciones <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>mantengan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>filiales <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>hubiera <span class=\"_ _3\"></span>perdido <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>control <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>valoran por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>valor razo<span class=\"_ _3\"></span>nable en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>circunstancia <span class=\"_ _3\"></span>hubiera <span class=\"_ _3\"></span>tenido <span class=\"_ _3\"></span>lugar, s<span class=\"_ _3\"></span>iendo<span class=\"_ _f\"></span> \u00e9ste <span class=\"_ _3\"></span>el valor <span class=\"_ _3\"></span>de coste a efectos de su<span class=\"_ _3\"></span> valoraci\u00f3n pos<span class=\"_ _3\"></span>terior.<span class=\"_ _65\"> </span>Operaciones conjuntas<span class=\"_ _3\"></span> En aquellos casos en lo<span class=\"_ _2\"></span>s que se<span class=\"_ _2\"></span> gestiona con terceros una o<span class=\"_ _2\"></span>peraci\u00f3n conjunta, y se conclu<span class=\"_ _2\"></span>ye que el part\u00edcipe<span class=\"_ _2\"></span> tiene <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>erechos <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>bligaciones <span class=\"_ _0\"></span>directas <span class=\"_ _0\"></span>por <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>parte <span class=\"_ _0\"></span>prop<span class=\"_ _3\"></span>orcional <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>acuerdo, <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e<span class=\"_ _65\"> </span>reconoce <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales <span class=\"_ _10\"></span>consolida<span class=\"_ _3\"></span>das <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>activos, <span class=\"_ _10\"></span>pasivos, <span class=\"_ _10\"></span>ingresos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>gastos <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>acuerdo <span class=\"_ _10\"> </span>con <span class=\"_ _10\"></span>su participaci\u00f3n <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>operaci\u00f3n <span class=\"_ _3\"></span>conjunta<span class=\"_ _3\"></span>. Las <span class=\"_ _3\"></span>sociedades <span class=\"_ _3\"></span>integradas <span class=\"_ _3\"></span>por es<span class=\"_ _3\"></span>te m\u00e9todo s<span class=\"_ _3\"></span>e in<span class=\"_ _3\"></span>cluyen en <span class=\"_ _3\"></span>el Anexo<span class=\"_ _3\"></span> I.<span class=\"ls0_1\"> </span>Inversiones registradas po<span class=\"_ _3\"></span>r el m\u00e9todo de <span class=\"_ _3\"></span>la participaci\u00f3n <span class=\"_ _3\"></span> Las <span class=\"_ _2\"></span>inversiones <span class=\"_ _2\"></span>registradas <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el m\u00e9todo <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>participaci\u00f3n incluyen <span class=\"_ _d\"></span>las <span class=\"_ _2\"></span>inversiones <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>empresas <span class=\"_ _2\"></span>asociadas, as\u00ed como en negocios co<span class=\"_ _3\"></span>njuntos (acu<span class=\"_ _3\"></span>erdos conjuntos q<span class=\"_ _3\"></span>ue dan derecho a los a<span class=\"_ _3\"></span>ctivos netos del acuerdo).<span class=\"_ _f\"></span> Se <span class=\"_ _2\"></span>consideran asociadas<span class=\"_ _3\"></span> aquellas <span class=\"_ _2\"></span>sociedades sobre las <span class=\"_ _2\"></span>que ENCE, <span class=\"_ _2\"></span>directa o <span class=\"_ _2\"></span>indirectamente, ejerce influencia significativa. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>influencia <span class=\"_ _3\"></span>significativa <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>poder <span class=\"_ _3\"></span>de in<span class=\"_ _3\"></span>tervenir en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>decisiones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pol\u00edtica <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de explotaci\u00f3n d<span class=\"_ _3\"></span>e una <span class=\"_ _3\"></span>entidad, s<span class=\"_ _3\"></span>in q<span class=\"_ _3\"></span>ue s<span class=\"_ _3\"></span>uponga la <span class=\"_ _3\"></span>existencia de con<span class=\"_ _3\"></span>trol o <span class=\"_ _3\"></span>de contro<span class=\"_ _3\"></span>l conjun<span class=\"_ _3\"></span>to sobre <span class=\"_ _3\"></span>la misma. Generalmente v<span class=\"_ _3\"></span>iene acompa\u00f1<span class=\"_ _3\"></span>ado p<span class=\"_ _3\"></span>or una participaci\u00f3<span class=\"_ _3\"></span>n de entre <span class=\"_ _3\"></span>un 20% <span class=\"_ _3\"></span>y un <span class=\"_ _3\"></span>50% de los <span class=\"_ _3\"></span>derechos d<span class=\"_ _3\"></span>e voto<span class=\"_ _3\"></span> de la entidad. Las <span class=\"_ _f\"></span>inversiones <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>entidades <span class=\"_ _3\"></span>asociadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>inversiones <span class=\"_ _f\"></span>en n<span class=\"_ _3\"></span>egocios <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>juntos <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo de la <span class=\"_ _3\"></span>participaci\u00f3n <span class=\"_ _3\"></span>desde la fecha <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>que se <span class=\"_ _3\"></span>ejerce influencia <span class=\"_ _3\"></span>significativa, <span class=\"_ _3\"></span>o bien, el <span class=\"_ _3\"></span>control <span class=\"_ _3\"></span>conjunto. En este sentido, esta<span class=\"_ _3\"></span>s inversiones se re<span class=\"_ _3\"></span>conocen inicialmente p<span class=\"_ _3\"></span>or su coste d<span class=\"_ _3\"></span>e adquisici\u00f3n. El <span class=\"_ _3\"></span>exceso <span class=\"_ _3\"></span>entre <span class=\"_ _f\"></span>el coste <span class=\"_ _f\"></span>de la <span class=\"_ _f\"></span>inversi\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>porcentaje <span class=\"_ _3\"></span>correspon<span class=\"_ _3\"></span>diente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>razo<span class=\"_ _3\"></span>nables de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _3\"></span>netos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>identificables <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>fond<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>comercio, <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluy<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el valor <span class=\"_ _f\"></span>contable de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>invers<span class=\"_ _3\"></span>i\u00f3n. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>defecto, <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>eva<span class=\"_ _3\"></span>lu<span class=\"_ _3\"></span>ados <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>importes<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>identificaci\u00f3n <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> valoraci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>activ<span class=\"_ _3\"></span>os <span class=\"_ _13\"> </span>net<span class=\"_ _2\"></span>os <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>asociad<span class=\"_ _3\"></span>a, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>registr<span class=\"_ _2\"></span>a <span class=\"_ _13\"> </span>como <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>greso <span class=\"_ _10\"> </span>en  la <span class=\"_ _10\"> </span>determinaci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la participaci\u00f3n del inv<span class=\"_ _3\"></span>ersor en los resulta<span class=\"_ _3\"></span>dos de la asociada del ejercicio en que s<span class=\"_ _3\"></span>e ha<span class=\"_ _3\"></span> adqu<span class=\"_ _3\"></span>irido. La particip<span class=\"_ _3\"></span>aci\u00f3n del <span class=\"_ _3\"></span>Grupo en los <span class=\"_ _3\"></span>beneficios o <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de las entidad<span class=\"_ _3\"></span>es asociadas <span class=\"_ _3\"></span>obtenidas <span class=\"_ _3\"></span>desde la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"_ _2\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"_ _f\"></span>\"Resultado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _f\"></span>integradas <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n\" <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Resultado consolidado<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>Las <span class=\"_ _3\"></span>dis<span class=\"_ _3\"></span>tribuciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dividendos <span class=\"_ _f\"></span>se registra<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>minoraciones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>inversiones. Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos c<span class=\"_ _3\"></span>ambios en el patrimonio<span class=\"_ _3\"></span> neto de estas s<span class=\"_ _3\"></span>ociedades que no se han<span class=\"_ _3\"></span> reconocido en sus resultad<span class=\"_ _3\"></span>os.<span class=\"_ _65\"> </span>Conversi\u00f3n de esta<span class=\"_ _3\"></span>dos financieros<span class=\"_ _3\"></span> Los res<span class=\"_ _3\"></span>ultados y la <span class=\"_ _3\"></span>posici\u00f3n <span class=\"_ _3\"></span>financiera de <span class=\"_ _3\"></span>todas <span class=\"_ _3\"></span>las entidades <span class=\"_ _3\"></span>del Grupo <span class=\"_ _3\"></span>cuya <span class=\"_ _3\"></span>moneda funcional <span class=\"_ _3\"></span>sea dis<span class=\"_ _3\"></span>tinta de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>moneda <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>presentaci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>convierten <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>euro <span class=\"_ _f\"></span>del <span class=\"_ _10\"></span>siguiente <span class=\"_ _0\"></span>modo; <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasiv<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de cambio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cierre en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>Situaci\u00f3n <span class=\"_ _3\"></span>Financiera, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de cambio<span class=\"_ _3\"></span> h<span class=\"_ _3\"></span>ist\u00f3rico, <span class=\"_ _3\"></span>y<span class=\"_ _65\"> </span>los ingresos y gastos <span class=\"_ _2\"></span>al tipo de<span class=\"_ _2\"></span> cambio medio del <span class=\"_ _2\"></span>periodo de devengo. Las dife<span class=\"_ _2\"></span>rencias de cambio <span class=\"_ _2\"></span>resultantes se <span class=\"_ _3\"></span>reconocen <span class=\"_ _3\"></span>en \u201c<span class=\"_ _3\"></span>Otro <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>Global\u201d, y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>imputar\u00e1n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cuenta d<span class=\"_ _3\"></span>e resulta<span class=\"_ _3\"></span>dos en <span class=\"_ _3\"></span>el periodo<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>que se lleve a cabo la enaj<span class=\"_ _3\"></span>enaci\u00f3n de la inver<span class=\"_ _3\"></span>si\u00f3n.  Las sociedad<span class=\"_ _3\"></span>es del Grupo no se ubican<span class=\"_ _3\"></span> en pa\u00edses de econo<span class=\"_ _3\"></span>m\u00eda h<span class=\"_ _3\"></span>iperinflacionaria.<span class=\"_ _65\"> </span> Homogeneizaci\u00f3n y otros<span class=\"_ _3\"></span> La consolidaci\u00f3n de las entidades que conforman el <span class=\"_ _2\"></span>per\u00edmetro de consolidaci\u00f3n<span class=\"_ _3\"></span> ha sido re<span class=\"_ _2\"></span>alizada a partir de sus cuentas <span class=\"_ _2\"></span>anuales indivi<span class=\"_ _2\"></span>duales <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>son preparadas <span class=\"_ _2\"></span>conforme <span class=\"_ _2\"></span>al Plan <span class=\"_ _d\"></span>G<span class=\"_ _3\"></span>eneral <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>Contabi<span class=\"_ _3\"></span>lidad <span class=\"_ _2\"></span>Espa\u00f1o<span class=\"_ _3\"></span>l <span class=\"_ _2\"></span>para aquellas <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _16\"> </span>residentes <span class=\"_ _15\"> </span>e<span class=\"_ _2\"></span>n <span class=\"_ _16\"> </span>Es<span class=\"_ _3\"></span>pa\u00f1a <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>con<span class=\"_ _3\"></span>forme <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>su <span class=\"_ _16\"> </span>p<span class=\"_ _3\"></span>ropia <span class=\"_ _16\"> </span>normativ<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>local <span class=\"_ _16\"> </span>para <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>resto<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de participadas.  Las p<span class=\"_ _3\"></span>ol\u00edticas con<span class=\"_ _3\"></span>tables de las<span class=\"_ _3\"></span> sociedades <span class=\"_ _3\"></span>dependientes <span class=\"_ _3\"></span>se han <span class=\"_ _3\"></span>adaptado a <span class=\"_ _3\"></span>las po<span class=\"_ _3\"></span>l\u00edticas contables <span class=\"_ _3\"></span>del Grupo. As\u00ed <span class=\"_ _2\"></span>mismo, <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>cuentas <span class=\"_ _2\"></span>anuales <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>esta<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>sociedades<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>dependientes <span class=\"_ _2\"></span>utilizados en <span class=\"_ _d\"></span>el proceso<span class=\"_ _2\"></span> de <span class=\"_ _3\"></span>consolidaci\u00f3n <span class=\"_ _3\"></span>est\u00e1n<span class=\"_ _3\"></span> ref<span class=\"_ _3\"></span>eridos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>isma <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pres<span class=\"_ _3\"></span>entaci\u00f3n, <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>mismo <span class=\"_ _3\"></span>period<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>que los de la Sociedad d<span class=\"_ _3\"></span>ominante. En el <span class=\"_ _3\"></span>proceso <span class=\"_ _3\"></span>de consolida<span class=\"_ _3\"></span>ci\u00f3n, <span class=\"_ _3\"></span>las tra<span class=\"_ _3\"></span>nsacciones <span class=\"_ _3\"></span>y saldos<span class=\"_ _3\"></span> mantenidos <span class=\"_ _3\"></span>entre sociedad<span class=\"_ _3\"></span>es d<span class=\"_ _3\"></span>ependientes y <span class=\"_ _3\"></span>los beneficios o p\u00e9rdidas<span class=\"_ _3\"></span> no realizados h<span class=\"_ _3\"></span>an sido eliminados.<span class=\"_ _3\"></span> Los tra<span class=\"_ _3\"></span>bajos <span class=\"_ _3\"></span>efectuados po<span class=\"_ _3\"></span>r el Grup<span class=\"_ _3\"></span>o para <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>propio <span class=\"_ _3\"></span>inmovilizado se <span class=\"_ _3\"></span>reconocen por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>coste de <span class=\"_ _3\"></span>producci\u00f3n elimin\u00e1ndose los resu<span class=\"_ _3\"></span>ltados intragrupo.<span class=\"_ _3\"></span> En la <span class=\"_ _2\"></span>Nota 6 <span class=\"_ _2\"></span>se presentan <span class=\"_ _2\"></span>los cambios habidos en <span class=\"_ _2\"></span>los ejercicios 2025 y <span class=\"_ _2\"></span>2024 en <span class=\"_ _2\"></span>el conjunto de <span class=\"_ _2\"></span>las sociedades consolidadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _f\"></span>integraci\u00f3n <span class=\"_ _f\"></span>global <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>correspondientes <span class=\"_ _f\"></span>notas <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> esta Memoria consolidada, bajo el t\u00edtulo \u201cVariaciones del <span class=\"_ _2\"></span>per\u00edmetro\u201d, se muestran los efectos relevantes de las incorpora<span class=\"_ _3\"></span>ciones y salidas de sociedad<span class=\"_ _3\"></span>es en el per\u00edmetro <span class=\"_ _3\"></span>de consolidaci\u00f3n.<span class=\"_ _65\"> </span>A <span class=\"_ _16\"> </span>efectos <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>comparabilidad <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>deben <span class=\"_ _16\"> </span>tener <span class=\"_ _16\"> </span>en  con<span class=\"_ _3\"></span>sideraci\u00f3n, <span class=\"_ _16\"> </span>principalmente, <span class=\"_ _16\"> </span>las <span class=\"_ _19\"> </span>variaciones <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>el per\u00edmetro de conso<span class=\"_ _3\"></span>lidaci\u00f3n detalladas<span class=\"_ _3\"></span> en la Nota 6.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "2.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Principios de consolida<span class=\"_ _2\"></span>ci\u00f3n<span class=\"_ _65\"> </span></span>Las <span class=\"_ _0\"></span>particip<span class=\"_ _3\"></span>aciones <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>ominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>equivalente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roporcional <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>netos <span class=\"_ _3\"></span>identificables <span class=\"_ _f\"></span>reconocidos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>fecha d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>toma <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>control. Las <span class=\"_ _10\"></span>participaciones <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>dominan<span class=\"_ _3\"></span>tes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>sociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _3\"></span>e presentan b<span class=\"_ _3\"></span>ajo la denominaci\u00f3n d<span class=\"_ _3\"></span>e \u201cIntereses min<span class=\"_ _3\"></span>oritarios\u201d, dentro<span class=\"_ _3\"></span> del cap\u00edtulo \u201cPatrimonio <span class=\"_ _10\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Fina<span class=\"_ _3\"></span>nciera <span class=\"_ _0\"></span>consolidad<span class=\"_ _3\"></span>o, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _f\"></span><span class=\"ff3\">Resultado <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uido <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _3\"></span>el Estado d<span class=\"_ _3\"></span>e Resultado conso<span class=\"_ _3\"></span>lidado.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "En el Anexo I<span class=\"_ _2\"></span> se <span class=\"_ _2\"></span>incluye un detalle<span class=\"_ _2\"></span> de las <span class=\"_ _2\"></span>sociedades dependientes, negocios conjuntos y asociadas de <span class=\"_ _2\"></span>ENCE, as\u00ed como el m\u00e9todo d<span class=\"_ _3\"></span>e consolidaci\u00f3n o<span class=\"_ _3\"></span> valoraci\u00f3n ap<span class=\"_ _3\"></span>licado y otra informaci\u00f3n referente <span class=\"_ _3\"></span>a las mismas.<span class=\"_ _f\"></span> Sociedades dependien<span class=\"_ _3\"></span>tes Se <span class=\"_ _13\"> </span>consideran  sociedades <span class=\"_ _13\"> </span>dependientes <span class=\"_ _13\"> </span>aquellas  sobre <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>ENCE, <span class=\"_ _13\"> </span>directa <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>indirectamente, <span class=\"_ _13\"> </span>ejerce control. <span class=\"_ _2\"></span>Dicho <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>trol <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>mani<span class=\"_ _3\"></span>fiesta, <span class=\"_ _d\"></span>en ge<span class=\"_ _2\"></span>neral <span class=\"_ _2\"></span>aunque <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>\u00fanicamente, <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>la propiedad, <span class=\"_ _2\"></span>directa <span class=\"_ _d\"></span>o indirecta, de al <span class=\"_ _3\"></span>menos <span class=\"_ _3\"></span>el 50<span class=\"_ _3\"></span>% o <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> derechos <span class=\"_ _3\"></span>pol\u00edt<span class=\"_ _3\"></span>icos <span class=\"_ _3\"></span>de las <span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>tidades <span class=\"_ _3\"></span>participadas. <span class=\"_ _f\"></span>El Grupo E<span class=\"_ _3\"></span>NCE cons<span class=\"_ _3\"></span>idera que <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>el contro<span class=\"_ _3\"></span>l en <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>sociedad <span class=\"_ _3\"></span>cuando <span class=\"_ _3\"></span>posee <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>sustantivos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>le pro<span class=\"_ _3\"></span>porcionan la capacid<span class=\"_ _3\"></span>ad de <span class=\"_ _3\"></span>dirigir las <span class=\"_ _3\"></span>actividades <span class=\"_ _3\"></span>relevantes y <span class=\"_ _3\"></span>est\u00e1 expuesto<span class=\"_ _3\"></span>, o <span class=\"_ _3\"></span>tiene derecho, <span class=\"_ _3\"></span>a rendim<span class=\"_ _f\"></span>ientos variab<span class=\"_ _3\"></span>les procedentes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>implicaci\u00f3n <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>capacidad <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>influir <span class=\"_ _f\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>rendimientos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>v\u00e9s de su pod<span class=\"_ _3\"></span>er sobre esta<span class=\"ff6\">. Es<span class=\"_ _3\"></span>tas sociedades se han con<span class=\"_ _3\"></span>solidado por el m\u00e9todo de \u201cIntegraci<span class=\"_ _3\"></span>\u00f3n Global\u201d.<span class=\"_ _3\"></span></span> Los <span class=\"_ _f\"></span>ingresos, <span class=\"_ _f\"></span>gastos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>flujos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>dependientes <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>incluyen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>cuentas <span class=\"_ _f\"></span>anuales consolidadas <span class=\"_ _0\"></span>desd<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>aquella, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>obtiene <span class=\"_ _0\"></span>efectivamente <span class=\"_ _0\"></span>el control de las mis<span class=\"_ _3\"></span>mas. Las entidad<span class=\"_ _3\"></span>es dependie<span class=\"_ _3\"></span>ntes se excluy<span class=\"_ _3\"></span>en de la consolidaci\u00f3n<span class=\"_ _3\"></span> desde la fecha <span class=\"_ _3\"></span>en la que se pierde el control so<span class=\"_ _3\"></span>bre ellas.<span class=\"_ _3\"></span> Las <span class=\"_ _0\"></span>particip<span class=\"_ _3\"></span>aciones <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>ominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>equivalente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roporcional <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>netos <span class=\"_ _3\"></span>identificables <span class=\"_ _f\"></span>reconocidos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>fecha d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>toma <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>control. Las <span class=\"_ _10\"></span>participaciones <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>dominan<span class=\"_ _3\"></span>tes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>sociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _3\"></span>e presentan b<span class=\"_ _3\"></span>ajo la denominaci\u00f3n d<span class=\"_ _3\"></span>e \u201cIntereses min<span class=\"_ _3\"></span>oritarios\u201d, dentro<span class=\"_ _3\"></span> del cap\u00edtulo \u201cPatrimonio <span class=\"_ _10\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Fina<span class=\"_ _3\"></span>nciera <span class=\"_ _0\"></span>consolidad<span class=\"_ _3\"></span>o, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _f\"></span><span class=\"ff3\">Resultado <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uido <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _3\"></span>el Estado d<span class=\"_ _3\"></span>e Resultado conso<span class=\"_ _3\"></span>lidado.<span class=\"_ _65\"> </span>Los cambio<span class=\"_ _3\"></span>s en <span class=\"_ _3\"></span>la particip<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>sociedad <span class=\"_ _3\"></span>dependiente <span class=\"_ _3\"></span>que no <span class=\"_ _3\"></span>dan <span class=\"_ _3\"></span>lugar a <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>de contro<span class=\"_ _3\"></span>l se contabilizan <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>transacciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>patrimonio, <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>decir, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>cualquier <span class=\"_ _10\"></span>resultado <span class=\"_ _10\"></span>obtenido <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>reconoce directamente en el patrimoni<span class=\"_ _3\"></span>o.  Cuando <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>produce <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>contro<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>baja <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y pasivos, <span class=\"_ _10\"> </span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>otros <span class=\"_ _10\"> </span>compon<span class=\"_ _3\"></span>entes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>cualqu<span class=\"_ _3\"></span>ier <span class=\"_ _10\"></span>participaci\u00f3n <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>dominante <span class=\"_ _10\"></span>que pudiera existir. <span class=\"_ _2\"></span>Las plusval\u00edas <span class=\"_ _d\"></span>o minusval\u00edas resultantes se r<span class=\"_ _2\"></span>econocen e<span class=\"_ _2\"></span>n el <span class=\"_ _2\"></span>Estado de <span class=\"_ _2\"></span>Resultado con<span class=\"_ _2\"></span>solidado. Las <span class=\"_ _f\"></span>participaciones <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>mantengan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>filiales <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>hubiera <span class=\"_ _3\"></span>perdido <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>control <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>valoran por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>valor razo<span class=\"_ _3\"></span>nable en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>circunstancia <span class=\"_ _3\"></span>hubiera <span class=\"_ _3\"></span>tenido <span class=\"_ _3\"></span>lugar, s<span class=\"_ _3\"></span>iendo<span class=\"_ _f\"></span> \u00e9ste <span class=\"_ _3\"></span>el valor <span class=\"_ _3\"></span>de coste a efectos de su<span class=\"_ _3\"></span> valoraci\u00f3n pos<span class=\"_ _3\"></span>terior.<span class=\"_ _65\"> </span>3.19<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Tr<span class=\"_ _3\"></span>ansacc<span class=\"_ _2\"></span>iones con partes vin<span class=\"_ _2\"></span>culadas </span></span>El Grupo realiza tod<span class=\"_ _3\"></span>as sus operaciones con p<span class=\"_ _3\"></span>artes vinculad<span class=\"_ _3\"></span>as a valores de mercado.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "Sociedades dependien<span class=\"_ _3\"></span>tes Se <span class=\"_ _13\"> </span>consideran  sociedades <span class=\"_ _13\"> </span>dependientes <span class=\"_ _13\"> </span>aquellas  sobre <span class=\"_ _13\"> </span>las <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>ENCE, <span class=\"_ _13\"> </span>directa <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>indirectamente, <span class=\"_ _13\"> </span>ejerce control. <span class=\"_ _2\"></span>Dicho <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>trol <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>mani<span class=\"_ _3\"></span>fiesta, <span class=\"_ _d\"></span>en ge<span class=\"_ _2\"></span>neral <span class=\"_ _2\"></span>aunque <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>\u00fanicamente, <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>la propiedad, <span class=\"_ _2\"></span>directa <span class=\"_ _d\"></span>o indirecta, de al <span class=\"_ _3\"></span>menos <span class=\"_ _3\"></span>el 50<span class=\"_ _3\"></span>% o <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> derechos <span class=\"_ _3\"></span>pol\u00edt<span class=\"_ _3\"></span>icos <span class=\"_ _3\"></span>de las <span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>tidades <span class=\"_ _3\"></span>participadas. <span class=\"_ _f\"></span>El Grupo E<span class=\"_ _3\"></span>NCE cons<span class=\"_ _3\"></span>idera que <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>el contro<span class=\"_ _3\"></span>l en <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>sociedad <span class=\"_ _3\"></span>cuando <span class=\"_ _3\"></span>posee <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>sustantivos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>le pro<span class=\"_ _3\"></span>porcionan la capacid<span class=\"_ _3\"></span>ad de <span class=\"_ _3\"></span>dirigir las <span class=\"_ _3\"></span>actividades <span class=\"_ _3\"></span>relevantes y <span class=\"_ _3\"></span>est\u00e1 expuesto<span class=\"_ _3\"></span>, o <span class=\"_ _3\"></span>tiene derecho, <span class=\"_ _3\"></span>a rendim<span class=\"_ _f\"></span>ientos variab<span class=\"_ _3\"></span>les procedentes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>implicaci\u00f3n <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>capacidad <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>influir <span class=\"_ _f\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>rendimientos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>v\u00e9s de su pod<span class=\"_ _3\"></span>er sobre esta<span class=\"ff6\">. Es<span class=\"_ _3\"></span>tas sociedades se han con<span class=\"_ _3\"></span>solidado por el m\u00e9todo de \u201cIntegraci<span class=\"_ _3\"></span>\u00f3n Global\u201d.<span class=\"_ _3\"></span></span> Los <span class=\"_ _f\"></span>ingresos, <span class=\"_ _f\"></span>gastos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>flujos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>dependientes <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>incluyen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>cuentas <span class=\"_ _f\"></span>anuales consolidadas <span class=\"_ _0\"></span>desd<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>aquella, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>obtiene <span class=\"_ _0\"></span>efectivamente <span class=\"_ _0\"></span>el control de las mis<span class=\"_ _3\"></span>mas. Las entidad<span class=\"_ _3\"></span>es dependie<span class=\"_ _3\"></span>ntes se excluy<span class=\"_ _3\"></span>en de la consolidaci\u00f3n<span class=\"_ _3\"></span> desde la fecha <span class=\"_ _3\"></span>en la que se pierde el control so<span class=\"_ _3\"></span>bre ellas.<span class=\"_ _3\"></span> Las <span class=\"_ _0\"></span>particip<span class=\"_ _3\"></span>aciones <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>ominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>equivalente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roporcional <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>netos <span class=\"_ _3\"></span>identificables <span class=\"_ _f\"></span>reconocidos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>fecha d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>toma <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>control. Las <span class=\"_ _10\"></span>participaciones <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>dominan<span class=\"_ _3\"></span>tes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>sociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _3\"></span>e presentan b<span class=\"_ _3\"></span>ajo la denominaci\u00f3n d<span class=\"_ _3\"></span>e \u201cIntereses min<span class=\"_ _3\"></span>oritarios\u201d, dentro<span class=\"_ _3\"></span> del cap\u00edtulo \u201cPatrimonio <span class=\"_ _10\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Fina<span class=\"_ _3\"></span>nciera <span class=\"_ _0\"></span>consolidad<span class=\"_ _3\"></span>o, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _f\"></span><span class=\"ff3\">Resultado <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uido <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _3\"></span>el Estado d<span class=\"_ _3\"></span>e Resultado conso<span class=\"_ _3\"></span>lidado.<span class=\"_ _65\"> </span>Los cambio<span class=\"_ _3\"></span>s en <span class=\"_ _3\"></span>la particip<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>sociedad <span class=\"_ _3\"></span>dependiente <span class=\"_ _3\"></span>que no <span class=\"_ _3\"></span>dan <span class=\"_ _3\"></span>lugar a <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>de contro<span class=\"_ _3\"></span>l se contabilizan <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>transacciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>patrimonio, <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>decir, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>cualquier <span class=\"_ _10\"></span>resultado <span class=\"_ _10\"></span>obtenido <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>reconoce directamente en el patrimoni<span class=\"_ _3\"></span>o.  Cuando <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>produce <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>contro<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>baja <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y pasivos, <span class=\"_ _10\"> </span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>otros <span class=\"_ _10\"> </span>compon<span class=\"_ _3\"></span>entes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>cualqu<span class=\"_ _3\"></span>ier <span class=\"_ _10\"></span>participaci\u00f3n <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>dominante <span class=\"_ _10\"></span>que pudiera existir. <span class=\"_ _2\"></span>Las plusval\u00edas <span class=\"_ _d\"></span>o minusval\u00edas resultantes se r<span class=\"_ _2\"></span>econocen e<span class=\"_ _2\"></span>n el <span class=\"_ _2\"></span>Estado de <span class=\"_ _2\"></span>Resultado con<span class=\"_ _2\"></span>solidado. Las <span class=\"_ _f\"></span>participaciones <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>mantengan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>filiales <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>hubiera <span class=\"_ _3\"></span>perdido <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>control <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>valoran por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>valor razo<span class=\"_ _3\"></span>nable en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>circunstancia <span class=\"_ _3\"></span>hubiera <span class=\"_ _3\"></span>tenido <span class=\"_ _3\"></span>lugar, s<span class=\"_ _3\"></span>iendo<span class=\"_ _f\"></span> \u00e9ste <span class=\"_ _3\"></span>el valor <span class=\"_ _3\"></span>de coste a efectos de su<span class=\"_ _3\"></span> valoraci\u00f3n pos<span class=\"_ _3\"></span>terior.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "Operaciones conjuntas<span class=\"_ _3\"></span> En aquellos casos en lo<span class=\"_ _2\"></span>s que se<span class=\"_ _2\"></span> gestiona con terceros una o<span class=\"_ _2\"></span>peraci\u00f3n conjunta, y se conclu<span class=\"_ _2\"></span>ye que el part\u00edcipe<span class=\"_ _2\"></span> tiene <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>erechos <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>bligaciones <span class=\"_ _0\"></span>directas <span class=\"_ _0\"></span>por <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>parte <span class=\"_ _0\"></span>prop<span class=\"_ _3\"></span>orcional <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>acuerdo, <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e<span class=\"_ _65\"> </span>reconoce <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales <span class=\"_ _10\"></span>consolida<span class=\"_ _3\"></span>das <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>activos, <span class=\"_ _10\"></span>pasivos, <span class=\"_ _10\"></span>ingresos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>gastos <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>acuerdo <span class=\"_ _10\"> </span>con <span class=\"_ _10\"></span>su participaci\u00f3n <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>operaci\u00f3n <span class=\"_ _3\"></span>conjunta<span class=\"_ _3\"></span>. Las <span class=\"_ _3\"></span>sociedades <span class=\"_ _3\"></span>integradas <span class=\"_ _3\"></span>por es<span class=\"_ _3\"></span>te m\u00e9todo s<span class=\"_ _3\"></span>e in<span class=\"_ _3\"></span>cluyen en <span class=\"_ _3\"></span>el Anexo<span class=\"_ _3\"></span> I.<span class=\"ls0_1\"> </span>Inversiones registradas po<span class=\"_ _3\"></span>r el m\u00e9todo de <span class=\"_ _3\"></span>la participaci\u00f3n <span class=\"_ _3\"></span> Las <span class=\"_ _2\"></span>inversiones <span class=\"_ _2\"></span>registradas <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el m\u00e9todo <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>participaci\u00f3n incluyen <span class=\"_ _d\"></span>las <span class=\"_ _2\"></span>inversiones <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>empresas <span class=\"_ _2\"></span>asociadas, as\u00ed como en negocios co<span class=\"_ _3\"></span>njuntos (acu<span class=\"_ _3\"></span>erdos conjuntos q<span class=\"_ _3\"></span>ue dan derecho a los a<span class=\"_ _3\"></span>ctivos netos del acuerdo).<span class=\"_ _f\"></span> Se <span class=\"_ _2\"></span>consideran asociadas<span class=\"_ _3\"></span> aquellas <span class=\"_ _2\"></span>sociedades sobre las <span class=\"_ _2\"></span>que ENCE, <span class=\"_ _2\"></span>directa o <span class=\"_ _2\"></span>indirectamente, ejerce influencia significativa. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>influencia <span class=\"_ _3\"></span>significativa <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>poder <span class=\"_ _3\"></span>de in<span class=\"_ _3\"></span>tervenir en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>decisiones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pol\u00edtica <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de explotaci\u00f3n d<span class=\"_ _3\"></span>e una <span class=\"_ _3\"></span>entidad, s<span class=\"_ _3\"></span>in q<span class=\"_ _3\"></span>ue s<span class=\"_ _3\"></span>uponga la <span class=\"_ _3\"></span>existencia de con<span class=\"_ _3\"></span>trol o <span class=\"_ _3\"></span>de contro<span class=\"_ _3\"></span>l conjun<span class=\"_ _3\"></span>to sobre <span class=\"_ _3\"></span>la misma. Generalmente v<span class=\"_ _3\"></span>iene acompa\u00f1<span class=\"_ _3\"></span>ado p<span class=\"_ _3\"></span>or una participaci\u00f3<span class=\"_ _3\"></span>n de entre <span class=\"_ _3\"></span>un 20% <span class=\"_ _3\"></span>y un <span class=\"_ _3\"></span>50% de los <span class=\"_ _3\"></span>derechos d<span class=\"_ _3\"></span>e voto<span class=\"_ _3\"></span> de la entidad. Las <span class=\"_ _f\"></span>inversiones <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>entidades <span class=\"_ _3\"></span>asociadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>inversiones <span class=\"_ _f\"></span>en n<span class=\"_ _3\"></span>egocios <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>juntos <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo de la <span class=\"_ _3\"></span>participaci\u00f3n <span class=\"_ _3\"></span>desde la fecha <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>que se <span class=\"_ _3\"></span>ejerce influencia <span class=\"_ _3\"></span>significativa, <span class=\"_ _3\"></span>o bien, el <span class=\"_ _3\"></span>control <span class=\"_ _3\"></span>conjunto. En este sentido, esta<span class=\"_ _3\"></span>s inversiones se re<span class=\"_ _3\"></span>conocen inicialmente p<span class=\"_ _3\"></span>or su coste d<span class=\"_ _3\"></span>e adquisici\u00f3n. El <span class=\"_ _3\"></span>exceso <span class=\"_ _3\"></span>entre <span class=\"_ _f\"></span>el coste <span class=\"_ _f\"></span>de la <span class=\"_ _f\"></span>inversi\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>porcentaje <span class=\"_ _3\"></span>correspon<span class=\"_ _3\"></span>diente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>razo<span class=\"_ _3\"></span>nables de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _3\"></span>netos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>identificables <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>fond<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>comercio, <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluy<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el valor <span class=\"_ _f\"></span>contable de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>invers<span class=\"_ _3\"></span>i\u00f3n. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>defecto, <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>eva<span class=\"_ _3\"></span>lu<span class=\"_ _3\"></span>ados <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>importes<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>identificaci\u00f3n <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> valoraci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>activ<span class=\"_ _3\"></span>os <span class=\"_ _13\"> </span>net<span class=\"_ _2\"></span>os <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>asociad<span class=\"_ _3\"></span>a, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>registr<span class=\"_ _2\"></span>a <span class=\"_ _13\"> </span>como <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>greso <span class=\"_ _10\"> </span>en  la <span class=\"_ _10\"> </span>determinaci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la participaci\u00f3n del inv<span class=\"_ _3\"></span>ersor en los resulta<span class=\"_ _3\"></span>dos de la asociada del ejercicio en que s<span class=\"_ _3\"></span>e ha<span class=\"_ _3\"></span> adqu<span class=\"_ _3\"></span>irido. La particip<span class=\"_ _3\"></span>aci\u00f3n del <span class=\"_ _3\"></span>Grupo en los <span class=\"_ _3\"></span>beneficios o <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de las entidad<span class=\"_ _3\"></span>es asociadas <span class=\"_ _3\"></span>obtenidas <span class=\"_ _3\"></span>desde la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"_ _2\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"_ _f\"></span>\"Resultado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _f\"></span>integradas <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n\" <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Resultado consolidado<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>Las <span class=\"_ _3\"></span>dis<span class=\"_ _3\"></span>tribuciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dividendos <span class=\"_ _f\"></span>se registra<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>minoraciones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>inversiones. Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos c<span class=\"_ _3\"></span>ambios en el patrimonio<span class=\"_ _3\"></span> neto de estas s<span class=\"_ _3\"></span>ociedades que no se han<span class=\"_ _3\"></span> reconocido en sus resultad<span class=\"_ _3\"></span>os.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "2.5<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Cambios en estimacion<span class=\"_ _2\"></span>es y pol\u00edticas <span class=\"_ _2\"></span>contables y <span class=\"_ _2\"></span>correcci\u00f3n de </span>errores fundamenta<span class=\"_ _2\"></span>les El <span class=\"_ _10\"></span>efecto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cualquier <span class=\"_ _10\"></span>cambio <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>estimaciones <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>tables <span class=\"_ _0\"></span>se <span class=\"_ _10\"> </span>registra <span class=\"_ _10\"></span>prospectivamente, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>mismo apartado <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>solidado <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>encuentra <span class=\"_ _10\"> </span>registrado <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>gas<span class=\"_ _3\"></span>to <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>ingreso <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> estimaci\u00f3n anterior. <span class=\"_ _3\"></span> Por <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>parte, <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>cambios <span class=\"_ _10\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>pol\u00edticas <span class=\"_ _10\"></span>contables <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>correcci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>errores <span class=\"_ _0\"></span>fun<span class=\"_ _3\"></span>damentales <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>registran <span class=\"_ _10\"></span>del siguiente modo <span class=\"_ _2\"></span>siempre que <span class=\"_ _2\"></span>su impacto <span class=\"_ _2\"></span>sea significativo; e<span class=\"_ _2\"></span>l efecto <span class=\"_ _2\"></span>acumulado al inicio <span class=\"_ _2\"></span>del ejercicio <span class=\"_ _2\"></span>se ajusta en <span class=\"_ _3\"></span>el ep\u00edgrafe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>reservas <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>efecto de<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>propio <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>consolidado del ejercicio. En estos casos se re-expresan los datos financieros del ejercicio comparativo<span class=\"_ _3\"></span> presentado junto al ejercicio en curso.<span class=\"_ _3\"></span> Al <span class=\"_ _d\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _d\"></span>y 2024 <span class=\"_ _d\"></span>no <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>h<span class=\"_ _3\"></span>an <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _2\"></span>cambios <span class=\"_ _2\"></span>significativos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ol\u00edticas <span class=\"_ _2\"></span>contables, <span class=\"_ _2\"></span>excepto por los efectos de lo <span class=\"_ _2\"></span>indicado en la nota 2.6 <span class=\"_ _2\"></span>siguiente, ni ha <span class=\"_ _2\"></span>sido necesario efectuar correcciones de e<span class=\"_ _2\"></span>rrores<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>2.6<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Normas e interpretacion<span class=\"_ _2\"></span>es efectivas en el presente p<span class=\"_ _2\"></span>er\u00edodo  </span>Las pol\u00edticas co<span class=\"_ _3\"></span>ntables utilizad<span class=\"_ _3\"></span>as en la preparaci\u00f3n<span class=\"_ _3\"></span> de estas<span class=\"_ _3\"></span> Cuentas a<span class=\"_ _3\"></span>nuales conso<span class=\"_ _3\"></span>lidadas coinciden con <span class=\"_ _3\"></span>las utilizadas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _10\"> </span>an<span class=\"_ _3\"></span>ual <span class=\"_ _10\"> </span>terminad<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>el <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=\"_ _f\"></span>4, <span class=\"_ _10\"></span>excepto <span class=\"_ _10\"></span>por <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>aplicaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>las siguientes normas <span class=\"_ _2\"></span>emitidas <span class=\"_ _2\"></span>por e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>IASB (International <span class=\"_ _2\"></span>Accountin<span class=\"_ _3\"></span>g <span class=\"_ _2\"></span>Standards Board) <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>adoptadas por <span class=\"_ _d\"></span>la Uni\u00f3n Europea para <span class=\"_ _3\"></span>su aplicaci\u00f3n en Euro<span class=\"_ _3\"></span>pa a partir del 1 de enero de 202<span class=\"_ _3\"></span>5:<span class=\"_ _3\"></span> <table class=\"s w29d h15d\" id=\"_eb22176d-7ebe-48a8-9feb-4a2ed753c83a\"><tr><td class=\"c x203 yfce w2c h46\"><div class=\"t_1 m0_1 x8 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Norma </div></td><td class=\"c x204 yfce w2d h46\"><div class=\"t_1 m0_1 x72 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Contenido </div></td></tr><tr><td class=\"c x1ca yfd0 w29e h15e\"><div class=\"t_1 m0_1 x1c9 h8_1 yfcf ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones y/o interp<span class=\"_ _3\"></span>retaciones<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca yfd3 w29f h15f\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd1 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">aplicables a partir del 1 de<span class=\"_ _3\"></span> enero de 202<span class=\"_ _3\"></span>5-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 21. Au<span class=\"_ _3\"></span>sencia de<span class=\"_ _65\"> </span></div></td><td class=\"c x205 yfd3 w2a0 h160\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta modificaci\u00f3n esta<span class=\"_ _3\"></span>blece un<span class=\"_ _3\"></span> enfoque que esp<span class=\"_ _3\"></span>ecifica cuand<span class=\"_ _3\"></span>o una moneda<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfd4 w2a1 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">convertibilidad<span class=\"_ _65\"> </span></div></td><td class=\"c x205 yfd4 w2a2 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">puede <span class=\"_ _f\"></span>ser <span class=\"_ _f\"></span>intercambiada <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>otra, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>caso <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>serlo, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>determinaci\u00f3n<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x205 yfd5 w2a3 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">del tipo de cambio a u<span class=\"_ _3\"></span>tilizar.<span class=\"_ _65\"> </span></div></td></tr></table>Ninguna de <span class=\"_ _d\"></span>estas<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>normas, <span class=\"_ _2\"></span>interpretaciones y <span class=\"_ _d\"></span>modificacion<span class=\"_ _3\"></span>es <span class=\"_ _2\"></span>ha sido <span class=\"_ _d\"></span>ap<span class=\"_ _3\"></span>licada <span class=\"_ _2\"></span>anticipadamente. <span class=\"_ _2\"></span>La aplicaci\u00f3n de <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>normas, <span class=\"_ _f\"></span>interpretacion<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>modificaciones <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>tenido <span class=\"_ _f\"></span>impactos <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ignificativos <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>esta<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>Cuentas Anuales Consolida<span class=\"_ _3\"></span>das. 2.7<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Normas e interpretacion<span class=\"_ _2\"></span>es emitidas no vigente<span class=\"_ _2\"></span>s  </span>A  la  fecha  de <span class=\"_ _13\"> </span>formulaci\u00f3n  de  estas  cuentas  anuales  con<span class=\"_ _2\"></span>solidadas<span class=\"_ _3\"></span>,  las <span class=\"_ _13\"> </span>normas  e  interpretaciones  m\u00e1s significativas <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>hab<span class=\"_ _3\"></span>\u00edan <span class=\"_ _3\"></span>sido p<span class=\"_ _3\"></span>ublicadas <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>IASB, <span class=\"_ _3\"></span>pero <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>hab\u00edan <span class=\"_ _3\"></span>entrad<span class=\"_ _3\"></span>o a\u00fa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigor, bien <span class=\"_ _3\"></span>porq<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>no han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porqu<span class=\"_ _3\"></span>e su fecha de efectividad es posterior a la fecha de formulaci\u00f3n, son<span class=\"_ _3\"></span>:<table class=\"s w2a4 h162\" id=\"_b354968b-3837-4751-bf6b-a4ae7a5860e2\"><tr><td class=\"c x203 yfd6 w2e h47\"><div class=\"t_1 m0_1 x76 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Norma </div></td><td class=\"c x206 yfd6 w2f h47\"><div class=\"t_1 m0_1 x77 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Contenido </div></td></tr><tr><td class=\"c x1ca yfd8 w29e h163\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones y/o interp<span class=\"_ _3\"></span>retaciones<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca yfda w2a5 h164\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd9 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">aplicables a partir del 1 de<span class=\"_ _3\"></span> enero de 202<span class=\"_ _3\"></span>6-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIIF <span class=\"_ _3\"></span>7 y NIIF 9. Clasificaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfda w2a6 h165\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _10\"> </span>modificaci\u00f3n <span class=\"_ _10\"></span>aclara <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>criterios <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>ciertos <span class=\"_ _10\"></span>activos<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfdb w2a7 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">y Valoraci\u00f3n de in<span class=\"_ _3\"></span>strumentos financieros.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfdb w2a8 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financieros, <span class=\"_ _1a\"> </span>as\u00ed <span class=\"_ _1a\"> </span>como, <span class=\"_ _17\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>criterios <span class=\"_ _1a\"> </span>para <span class=\"_ _1a\"> </span>la <span class=\"_ _1a\"> </span>baja <span class=\"_ _1a\"> </span>de <span class=\"_ _17\"> </span>pasivos<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>financieros<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfdc w2a9 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">liquidados <span class=\"_ _1b\"> </span>a <span class=\"_ _18\"> </span>trav\u00e9s <span class=\"_ _1b\"> </span>de <span class=\"_ _18\"> </span>sistemas <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ago <span class=\"_ _18\"> </span>electr\u00f3nico.<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>Adicionalmente,<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfdd w2aa h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">introduce requerimientos<span class=\"_ _3\"></span> de desglo<span class=\"_ _3\"></span>se adicionales.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfde w2ab h166\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIIF <span class=\"_ _3\"></span>9 y NIIF 7. Contrato<span class=\"_ _3\"></span>s<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfde w2ac h166\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _1b\"> </span>modificaci\u00f3n <span class=\"_ _18\"> </span>aclara <span class=\"_ _18\"> </span>como <span class=\"_ _1b\"> </span>tratar <span class=\"_ _18\"> </span>contab<span class=\"_ _3\"></span>lemente <span class=\"_ _18\"> </span>los <span class=\"_ _1b\"> </span>contratos <span class=\"_ _18\"> </span>de<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfdf w2ad h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">que hacen referencia a la <span class=\"_ _3\"></span>electricidad<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfdf w2ae h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">electricidad, <span class=\"_ _0\"></span>diferenciando <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>compra/venta <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>aquellos <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe0 w2af h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">dependiente de la natu<span class=\"_ _3\"></span>raleza<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe0 w2b0 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">deben registrarse como ins<span class=\"_ _3\"></span>trumentos financieros.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe1 w2b1 h167\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Nuevas Normas<span class=\"_ _3\"></span> aplicables a par<span class=\"_ _3\"></span>tir del 1 de<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca yfe3 w2b2 h168\"><div class=\"t_1 m0_1 x1c9 h8_1 yfe2 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">enero de 2027-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">NIIF 18 Presentaci\u00f3n y<span class=\"_ _3\"></span> desgloses de esta<span class=\"_ _3\"></span>dos<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe3 w2b3 h169\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _3\"></span>objetivo <span class=\"_ _3\"></span>de esta <span class=\"_ _3\"></span>norma <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>establecer <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> requ<span class=\"_ _3\"></span>erimientos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>presentaci\u00f3n y<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe4 w2b4 h15c\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financieros.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe5 w2b5 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">desglose <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>estados <span class=\"_ _17\"> </span>financieros<span class=\"_ _3\"></span>, <span class=\"_ _17\"> </span>reemplazando <span class=\"_ _17\"> </span>con<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>ello <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>N<span class=\"_ _3\"></span>IC1,<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfe6 w2b6 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">actualmente en vigor.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfd4 w2b7 h16a\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">NIIF 19 Desgloses de s<span class=\"_ _3\"></span>ubsidiarias sin<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfd4 w2b8 h16a\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _3\"></span>objetivo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>nueva <span class=\"_ _3\"></span>norma <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>detallar <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>desgloses <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e un<span class=\"_ _3\"></span>a s<span class=\"_ _3\"></span>ubsidiaria<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfd5 w2b9 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">contabilidad p<span class=\"_ _3\"></span>\u00fablica.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfd5 w2ba h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">puede aplicar, opcion<span class=\"_ _3\"></span>almente, en la emisi\u00f3n d<span class=\"_ _3\"></span>e sus estados financieros.<span class=\"_ _f\"></span> </div></td></tr></table>Adicionalmente a las<span class=\"_ _3\"></span> modificaciones qu<span class=\"_ _3\"></span>e figuran en esta N<span class=\"_ _3\"></span>ota, el IASB emiti\u00f3 <span class=\"_ _3\"></span>las Modificacion<span class=\"_ _3\"></span>es a NIIF 10 y<span class=\"_ _3\"></span> NIC <span class=\"_ _0\"></span>28 <span class=\"_ _f\"></span>\"Venta <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>aporta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>entre <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>inversor <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>asociada <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>negocio <span class=\"_ _0\"></span>conjunto\" <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de primera aplicaci\u00f3n o<span class=\"_ _3\"></span>bligatoria, a la<span class=\"_ _3\"></span> espera d<span class=\"_ _3\"></span>e finalizar su<span class=\"_ _3\"></span> Proyecto d<span class=\"_ _3\"></span>e \"M\u00e9todo de la<span class=\"_ _3\"></span> participaci\u00f3n\" y to<span class=\"_ _3\"></span>mar una decisi\u00f3n res<span class=\"_ _3\"></span>pecto a las mismas<span class=\"_ _3\"></span> No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>esp<span class=\"_ _3\"></span>eran <span class=\"_ _0\"></span>impactos <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ignificativos <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>introducci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>estas <span class=\"_ _0\"></span>modificaciones <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>aplicaciones <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> car\u00e1cter <span class=\"_ _10\"></span>prospectivo, <span class=\"_ _10\"></span>modificaciones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>resentaci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>desglose <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>/o <span class=\"_ _10\"></span>tratar <span class=\"_ _10\"></span>aspectos <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>aplicables <span class=\"_ _10\"> </span>o <span class=\"_ _10\"></span>no significativos <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>operaciones <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Grupo.<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Si <span class=\"_ _0\"></span>bien <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>est\u00e1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>revisand<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>impactos <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>aplicaci\u00f3n<span class=\"_ _3\"></span> tendr\u00eda sobre la in<span class=\"_ _3\"></span>formaci\u00f3n financiera, b\u00e1sicamente po<span class=\"_ _3\"></span>r las modificaciones estab<span class=\"_ _3\"></span>lecidas en la NIIF 18 en la clasificaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>partidas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>estado <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>resultados <span class=\"_ _f\"></span>consolidado <span class=\"_ _f\"></span>distinguiendo <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>actividades <span class=\"_ _3\"></span>operativas<span class=\"_ _3\"></span>, de inversi\u00f3n y<span class=\"_ _3\"></span> de financiaci\u00f3n<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "Al <span class=\"_ _d\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _d\"></span>y 2024 <span class=\"_ _d\"></span>no <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>h<span class=\"_ _3\"></span>an <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _2\"></span>cambios <span class=\"_ _2\"></span>significativos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ol\u00edticas <span class=\"_ _2\"></span>contables, <span class=\"_ _2\"></span>excepto por los efectos de lo <span class=\"_ _2\"></span>indicado en la nota 2.6 <span class=\"_ _2\"></span>siguiente, ni ha <span class=\"_ _2\"></span>sido necesario efectuar correcciones de e<span class=\"_ _2\"></span>rrores<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "2.7<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Normas e interpretacion<span class=\"_ _2\"></span>es emitidas no vigente<span class=\"_ _2\"></span>s  </span>A  la  fecha  de <span class=\"_ _13\"> </span>formulaci\u00f3n  de  estas  cuentas  anuales  con<span class=\"_ _2\"></span>solidadas<span class=\"_ _3\"></span>,  las <span class=\"_ _13\"> </span>normas  e  interpretaciones  m\u00e1s significativas <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>hab<span class=\"_ _3\"></span>\u00edan <span class=\"_ _3\"></span>sido p<span class=\"_ _3\"></span>ublicadas <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>IASB, <span class=\"_ _3\"></span>pero <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>hab\u00edan <span class=\"_ _3\"></span>entrad<span class=\"_ _3\"></span>o a\u00fa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigor, bien <span class=\"_ _3\"></span>porq<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>no han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porqu<span class=\"_ _3\"></span>e su fecha de efectividad es posterior a la fecha de formulaci\u00f3n, son<span class=\"_ _3\"></span>:<table class=\"s w2a4 h162\" id=\"_b354968b-3837-4751-bf6b-a4ae7a5860e2\"><tr><td class=\"c x203 yfd6 w2e h47\"><div class=\"t_1 m0_1 x76 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Norma </div></td><td class=\"c x206 yfd6 w2f h47\"><div class=\"t_1 m0_1 x77 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Contenido </div></td></tr><tr><td class=\"c x1ca yfd8 w29e h163\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones y/o interp<span class=\"_ _3\"></span>retaciones<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca yfda w2a5 h164\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd9 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">aplicables a partir del 1 de<span class=\"_ _3\"></span> enero de 202<span class=\"_ _3\"></span>6-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIIF <span class=\"_ _3\"></span>7 y NIIF 9. Clasificaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfda w2a6 h165\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _10\"> </span>modificaci\u00f3n <span class=\"_ _10\"></span>aclara <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>criterios <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>ciertos <span class=\"_ _10\"></span>activos<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfdb w2a7 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">y Valoraci\u00f3n de in<span class=\"_ _3\"></span>strumentos financieros.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfdb w2a8 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financieros, <span class=\"_ _1a\"> </span>as\u00ed <span class=\"_ _1a\"> </span>como, <span class=\"_ _17\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>criterios <span class=\"_ _1a\"> </span>para <span class=\"_ _1a\"> </span>la <span class=\"_ _1a\"> </span>baja <span class=\"_ _1a\"> </span>de <span class=\"_ _17\"> </span>pasivos<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>financieros<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfdc w2a9 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">liquidados <span class=\"_ _1b\"> </span>a <span class=\"_ _18\"> </span>trav\u00e9s <span class=\"_ _1b\"> </span>de <span class=\"_ _18\"> </span>sistemas <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ago <span class=\"_ _18\"> </span>electr\u00f3nico.<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>Adicionalmente,<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfdd w2aa h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">introduce requerimientos<span class=\"_ _3\"></span> de desglo<span class=\"_ _3\"></span>se adicionales.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfde w2ab h166\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIIF <span class=\"_ _3\"></span>9 y NIIF 7. Contrato<span class=\"_ _3\"></span>s<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfde w2ac h166\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _1b\"> </span>modificaci\u00f3n <span class=\"_ _18\"> </span>aclara <span class=\"_ _18\"> </span>como <span class=\"_ _1b\"> </span>tratar <span class=\"_ _18\"> </span>contab<span class=\"_ _3\"></span>lemente <span class=\"_ _18\"> </span>los <span class=\"_ _1b\"> </span>contratos <span class=\"_ _18\"> </span>de<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfdf w2ad h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">que hacen referencia a la <span class=\"_ _3\"></span>electricidad<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfdf w2ae h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">electricidad, <span class=\"_ _0\"></span>diferenciando <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>compra/venta <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>aquellos <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe0 w2af h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">dependiente de la natu<span class=\"_ _3\"></span>raleza<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe0 w2b0 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">deben registrarse como ins<span class=\"_ _3\"></span>trumentos financieros.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe1 w2b1 h167\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Nuevas Normas<span class=\"_ _3\"></span> aplicables a par<span class=\"_ _3\"></span>tir del 1 de<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca yfe3 w2b2 h168\"><div class=\"t_1 m0_1 x1c9 h8_1 yfe2 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">enero de 2027-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">NIIF 18 Presentaci\u00f3n y<span class=\"_ _3\"></span> desgloses de esta<span class=\"_ _3\"></span>dos<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe3 w2b3 h169\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _3\"></span>objetivo <span class=\"_ _3\"></span>de esta <span class=\"_ _3\"></span>norma <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>establecer <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> requ<span class=\"_ _3\"></span>erimientos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>presentaci\u00f3n y<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfe4 w2b4 h15c\"><div class=\"t_1 m0_1 x1c9 h8_1 yfd7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financieros.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfe5 w2b5 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">desglose <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>estados <span class=\"_ _17\"> </span>financieros<span class=\"_ _3\"></span>, <span class=\"_ _17\"> </span>reemplazando <span class=\"_ _17\"> </span>con<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>ello <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>N<span class=\"_ _3\"></span>IC1,<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x207 yfe6 w2b6 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">actualmente en vigor.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfd4 w2b7 h16a\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">NIIF 19 Desgloses de s<span class=\"_ _3\"></span>ubsidiarias sin<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfd4 w2b8 h16a\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _3\"></span>objetivo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>nueva <span class=\"_ _3\"></span>norma <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>detallar <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>desgloses <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e un<span class=\"_ _3\"></span>a s<span class=\"_ _3\"></span>ubsidiaria<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca yfd5 w2b9 h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">contabilidad p<span class=\"_ _3\"></span>\u00fablica.<span class=\"_ _65\"> </span></div></td><td class=\"c x207 yfd5 w2ba h161\"><div class=\"t_1 m0_1 x1c9 h7_1 yfd2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">puede aplicar, opcion<span class=\"_ _3\"></span>almente, en la emisi\u00f3n d<span class=\"_ _3\"></span>e sus estados financieros.<span class=\"_ _f\"></span> </div></td></tr></table>Adicionalmente a las<span class=\"_ _3\"></span> modificaciones qu<span class=\"_ _3\"></span>e figuran en esta N<span class=\"_ _3\"></span>ota, el IASB emiti\u00f3 <span class=\"_ _3\"></span>las Modificacion<span class=\"_ _3\"></span>es a NIIF 10 y<span class=\"_ _3\"></span> NIC <span class=\"_ _0\"></span>28 <span class=\"_ _f\"></span>\"Venta <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>aporta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>entre <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>inversor <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>asociada <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>negocio <span class=\"_ _0\"></span>conjunto\" <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de primera aplicaci\u00f3n o<span class=\"_ _3\"></span>bligatoria, a la<span class=\"_ _3\"></span> espera d<span class=\"_ _3\"></span>e finalizar su<span class=\"_ _3\"></span> Proyecto d<span class=\"_ _3\"></span>e \"M\u00e9todo de la<span class=\"_ _3\"></span> participaci\u00f3n\" y to<span class=\"_ _3\"></span>mar una decisi\u00f3n res<span class=\"_ _3\"></span>pecto a las mismas<span class=\"_ _3\"></span> No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>esp<span class=\"_ _3\"></span>eran <span class=\"_ _0\"></span>impactos <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ignificativos <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>introducci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>estas <span class=\"_ _0\"></span>modificaciones <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>aplicaciones <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> car\u00e1cter <span class=\"_ _10\"></span>prospectivo, <span class=\"_ _10\"></span>modificaciones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>resentaci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>desglose <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>/o <span class=\"_ _10\"></span>tratar <span class=\"_ _10\"></span>aspectos <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>aplicables <span class=\"_ _10\"> </span>o <span class=\"_ _10\"></span>no significativos <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>operaciones <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Grupo.<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Si <span class=\"_ _0\"></span>bien <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>est\u00e1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>revisand<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>impactos <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>aplicaci\u00f3n<span class=\"_ _3\"></span> tendr\u00eda sobre la in<span class=\"_ _3\"></span>formaci\u00f3n financiera, b\u00e1sicamente po<span class=\"_ _3\"></span>r las modificaciones estab<span class=\"_ _3\"></span>lecidas en la NIIF 18 en la clasificaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>partidas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>estado <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>resultados <span class=\"_ _f\"></span>consolidado <span class=\"_ _f\"></span>distinguiendo <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>actividades <span class=\"_ _3\"></span>operativas<span class=\"_ _3\"></span>, de inversi\u00f3n y<span class=\"_ _3\"></span> de financiaci\u00f3n<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "3.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Combinaciones de negoc<span class=\"_ _2\"></span>io<span class=\"_ _65\"> </span></span><span class=\"fc2\"> </span>Las combinaciones de <span class=\"_ _2\"></span>negocios en <span class=\"_ _2\"></span>las que <span class=\"_ _2\"></span>el G<span class=\"_ _2\"></span>rupo adquiere e<span class=\"_ _2\"></span>l control <span class=\"_ _2\"></span>de uno <span class=\"_ _2\"></span>o varios negocios <span class=\"_ _2\"></span>se re<span class=\"_ _2\"></span>gistran por <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>m\u00e9todo de <span class=\"_ _d\"></span>adqu<span class=\"_ _3\"></span>isici\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>acuerdo a <span class=\"_ _d\"></span>lo dispuesto <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la NIIF <span class=\"_ _d\"></span>3 Combinaciones de <span class=\"_ _d\"></span>Negocio.<span class=\"_ _3\"></span> Se considera \u201cnegocio\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>conjunto <span class=\"_ _3\"></span>integrado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>actividades <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>activos, <span class=\"_ _3\"></span>susceptibles <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>ser dirigidos <span class=\"_ _f\"></span>y gestionados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el prop\u00f3sito <span class=\"_ _f\"></span>de; 1) <span class=\"_ _f\"></span>proporcionar <span class=\"_ _3\"></span>bienes <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>servicios <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>clientes, <span class=\"_ _3\"></span>y/o <span class=\"_ _f\"></span>2) gen<span class=\"_ _3\"></span>erar <span class=\"_ _3\"></span>ingresos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>inversion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>otro<span class=\"_ _3\"></span>s ingresos de activid<span class=\"_ _3\"></span>ades ord<span class=\"_ _3\"></span>inarias. El <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _f\"></span>implica, <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>car\u00e1cter <span class=\"_ _f\"></span>general, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>registro<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>obtiene <span class=\"_ _f\"></span>el control <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>ne<span class=\"_ _3\"></span>gocio <span class=\"_ _16\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>los <span class=\"_ _19\"> </span>activos <span class=\"_ _19\"> </span>adquirid<span class=\"_ _3\"></span>os, <span class=\"_ _16\"> </span>los <span class=\"_ _19\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _19\"> </span>asumidos, <span class=\"_ _19\"> </span>los <span class=\"_ _16\"> </span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _19\"> </span>de<span class=\"_ _65\"> </span>patrimonio <span class=\"_ _f\"></span>neto <span class=\"_ _3\"></span>emitidos, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>cualquier <span class=\"_ _f\"></span>contraprestaci\u00f3n <span class=\"_ _f\"></span>contingente <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>dependa <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>hechos <span class=\"_ _f\"></span>futuros <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del cumplimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ciertas <span class=\"_ _10\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _10\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>valor pueda <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>medido <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>for<span class=\"_ _3\"></span>ma <span class=\"_ _f\"></span>f<span class=\"_ _3\"></span>iable. <span class=\"_ _f\"></span>Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>relac<span class=\"_ _3\"></span>ionados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>adq<span class=\"_ _3\"></span>uisici\u00f3n <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>gastos cuando se in<span class=\"_ _3\"></span>curre en ellos.<span class=\"_ _65\"> </span>La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>sitiva <span class=\"_ _f\"></span>existente <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traprestaci\u00f3n <span class=\"_ _f\"></span>tran<span class=\"_ _3\"></span>sferida <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _f\"></span>adquirida<span class=\"_ _f\"></span> <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>el valor <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>ignado <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _f\"></span>dominan<span class=\"_ _3\"></span>tes<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>neto <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>adquiridos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>pasivos asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _3\"></span> con el<span class=\"_ _2\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _10\"> </span>previamente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>negocio <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>registra <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cFondo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>comercio\u201d<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _13\"> </span>Si <span class=\"_ _10\"> </span>dicha </span>diferencia fuera negativa, s<span class=\"_ _3\"></span>e reconocer\u00eda directamente com<span class=\"_ _3\"></span>o un mayor res<span class=\"_ _3\"></span>ultado del eje<span class=\"_ _3\"></span>rcicio.<span class=\"_ _65\"> </span>Si <span class=\"_ _d\"></span>la combinaci\u00f3n <span class=\"_ _d\"></span>de negocios <span class=\"_ _2\"></span>s\u00f3lo <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>puede <span class=\"_ _2\"></span>determinar <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>forma <span class=\"_ _2\"></span>provisional, los <span class=\"_ _d\"></span>activos n<span class=\"_ _2\"></span>etos <span class=\"_ _2\"></span>identificables se <span class=\"_ _10\"> </span>registra<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>icialmente <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _13\"> </span>sus <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>alores <span class=\"_ _13\"> </span>pro<span class=\"_ _2\"></span>visionales,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>reconociendo <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>aju<span class=\"_ _3\"></span>stes <span class=\"_ _13\"> </span>ef<span class=\"_ _2\"></span>ectuado<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>urante <span class=\"_ _10\"> </span>el periodo de <span class=\"_ _2\"></span>valoraci\u00f3n definitiva, que como m\u00e1ximo es <span class=\"_ _2\"></span>de 1 a\u00f1o <span class=\"_ _2\"></span>desde la <span class=\"_ _2\"></span>fecha de <span class=\"_ _2\"></span>adquisici\u00f3n<span class=\"_ _3\"></span>, como <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>i \u00e9stos se <span class=\"_ _10\"></span>hubieran <span class=\"_ _10\"></span>conocido <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>adquisici\u00f3n, <span class=\"_ _10\"></span>re-expr<span class=\"_ _3\"></span>esando, <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _10\"> </span>caso, <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>cifras <span class=\"_ _10\"> </span>comparativas <span class=\"_ _10\"></span>del ejercicio <span class=\"_ _15\"> </span>anterior.<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>En <span class=\"_ _15\"> </span>cualquier <span class=\"_ _15\"> </span>cas<span class=\"_ _3\"></span>o, <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>aju<span class=\"_ _3\"></span>stes <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>los <span class=\"_ _17\"> </span>valores <span class=\"_ _15\"> </span>provis<span class=\"_ _3\"></span>ionales <span class=\"_ _15\"> </span>\u00fanicamen<span class=\"_ _f\"></span>te <span class=\"_ _19\"> </span>in<span class=\"_ _3\"></span>corporan informaci\u00f3n <span class=\"_ _f\"></span>relativa <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>hechos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>circunstancias <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>exist\u00edan <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>que, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>haber sido <span class=\"_ _f\"></span>conocidos, <span class=\"_ _f\"></span>hubieran <span class=\"_ _3\"></span>afectado <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>importes <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>cidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>dicha <span class=\"_ _f\"></span>fecha. <span class=\"_ _3\"></span>Transcurrido <span class=\"_ _f\"></span>dicho <span class=\"_ _f\"></span>periodo, s\u00f3lo se realizan a<span class=\"_ _3\"></span>justes a la <span class=\"_ _3\"></span>valoraci\u00f3n inicial como la corre<span class=\"_ _3\"></span>cci\u00f3n de un error<span class=\"_ _3\"></span>. El fondo de come<span class=\"_ _3\"></span>rcio resultante d<span class=\"_ _3\"></span>e una combinaci\u00f3n d<span class=\"_ _3\"></span>e negocios<span class=\"_ _3\"></span> se asigna a<span class=\"_ _3\"></span> cada una d<span class=\"_ _3\"></span>e las UGE o Grupos de UGE que se espera s<span class=\"_ _3\"></span>e vayan a b<span class=\"_ _3\"></span>eneficiar de las s<span class=\"_ _3\"></span>inergias de la combinaci\u00f3n<span class=\"_ _3\"></span>.  Los <span class=\"_ _3\"></span>fondo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _f\"></span>cuando <span class=\"_ _3\"></span>han <span class=\"_ _f\"></span>sido <span class=\"_ _3\"></span>adquiridos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>t\u00edtulo <span class=\"_ _3\"></span>oneroso <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>amortizan<span class=\"_ _3\"></span>. En <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>lugar, <span class=\"_ _f\"></span>son <span class=\"_ _0\"></span>revisados <span class=\"_ _f\"></span>anualmente <span class=\"_ _0\"></span>mediante <span class=\"_ _f\"></span>es<span class=\"_ _3\"></span>tudios <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>exis<span class=\"_ _3\"></span>ta <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r asignado <span class=\"_ _3\"></span>inicialmente, <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>ci\u00e9ndose <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _f\"></span>por el <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>recuperable <span class=\"_ _3\"></span>es in<span class=\"_ _3\"></span>ferior al <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>asignado <span class=\"_ _3\"></span>inicialmente. <span class=\"_ _3\"></span>Una <span class=\"_ _3\"></span>vez <span class=\"_ _f\"></span>reconocida <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r d<span class=\"_ _3\"></span>eterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>fondo de <span class=\"_ _3\"></span>comercio, <span class=\"_ _3\"></span>\u00e9sta<span class=\"_ _3\"></span> no revierte en <span class=\"_ _2\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _2\"></span>ealizadas de forma interna y se ofre<span class=\"_ _2\"></span>cen detalles sobre la metodolog\u00eda d<span class=\"_ _3\"></span>e c\u00e1lculo aplicada <span class=\"_ _3\"></span>en la Nota 3.5.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>fondo de <span class=\"_ _d\"></span>comercio no <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>amortiza y <span class=\"_ _d\"></span>se revisa <span class=\"_ _2\"></span>anualmente para <span class=\"_ _d\"></span>an<span class=\"_ _3\"></span>alizar <span class=\"_ _2\"></span>las posibles <span class=\"_ _2\"></span>p\u00e9rdidas <span class=\"_ _2\"></span>por deterioro de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor, <span class=\"_ _f\"></span>registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidado <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _f\"></span>las p\u00e9rdidas po<span class=\"_ _3\"></span>r deterioro acumulada.<span class=\"_ _65\"> </span>El <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>eval\u00faa <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>cada <span class=\"_ _10\"></span>transacci\u00f3n <span class=\"_ _10\"></span>si <span class=\"_ _0\"></span>ha <span class=\"_ _10\"> </span>adquirido <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>gru<span class=\"_ _3\"></span>po <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>act<span class=\"_ _3\"></span>ivos, <span class=\"_ _10\"></span>analizando <span class=\"_ _0\"></span>si <span class=\"_ _10\"> </span>el conjunto d<span class=\"_ _3\"></span>e activos adquiridos cumple con la<span class=\"_ _3\"></span> definici\u00f3n de negocio <span class=\"_ _3\"></span>recogida en NIIF<span class=\"_ _f\"></span>-<span class=\"ls10\">3.</span> El <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>participaciones <span class=\"_ _3\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dominantes <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>entidad <span class=\"_ _3\"></span>adq<span class=\"_ _3\"></span>uirida <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>participaci\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los activos netos<span class=\"_ _3\"></span> identificables de la entidad<span class=\"_ _3\"></span>, v<span class=\"_ _3\"></span>alorados a valor razonable<span class=\"_ _3\"></span><span class=\"ls13\">.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "3.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Combinaciones de negoc<span class=\"_ _2\"></span>io<span class=\"_ _65\"> </span></span><span class=\"fc2\"> </span>Las combinaciones de <span class=\"_ _2\"></span>negocios en <span class=\"_ _2\"></span>las que <span class=\"_ _2\"></span>el G<span class=\"_ _2\"></span>rupo adquiere e<span class=\"_ _2\"></span>l control <span class=\"_ _2\"></span>de uno <span class=\"_ _2\"></span>o varios negocios <span class=\"_ _2\"></span>se re<span class=\"_ _2\"></span>gistran por <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>m\u00e9todo de <span class=\"_ _d\"></span>adqu<span class=\"_ _3\"></span>isici\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>acuerdo a <span class=\"_ _d\"></span>lo dispuesto <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la NIIF <span class=\"_ _d\"></span>3 Combinaciones de <span class=\"_ _d\"></span>Negocio.<span class=\"_ _3\"></span> Se considera \u201cnegocio\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>conjunto <span class=\"_ _3\"></span>integrado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>actividades <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>activos, <span class=\"_ _3\"></span>susceptibles <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>ser dirigidos <span class=\"_ _f\"></span>y gestionados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el prop\u00f3sito <span class=\"_ _f\"></span>de; 1) <span class=\"_ _f\"></span>proporcionar <span class=\"_ _3\"></span>bienes <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>servicios <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>clientes, <span class=\"_ _3\"></span>y/o <span class=\"_ _f\"></span>2) gen<span class=\"_ _3\"></span>erar <span class=\"_ _3\"></span>ingresos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>inversion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>otro<span class=\"_ _3\"></span>s ingresos de activid<span class=\"_ _3\"></span>ades ord<span class=\"_ _3\"></span>inarias. El <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _f\"></span>implica, <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>car\u00e1cter <span class=\"_ _f\"></span>general, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>registro<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>obtiene <span class=\"_ _f\"></span>el control <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>ne<span class=\"_ _3\"></span>gocio <span class=\"_ _16\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>los <span class=\"_ _19\"> </span>activos <span class=\"_ _19\"> </span>adquirid<span class=\"_ _3\"></span>os, <span class=\"_ _16\"> </span>los <span class=\"_ _19\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _19\"> </span>asumidos, <span class=\"_ _19\"> </span>los <span class=\"_ _16\"> </span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _19\"> </span>de<span class=\"_ _65\"> </span>patrimonio <span class=\"_ _f\"></span>neto <span class=\"_ _3\"></span>emitidos, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>cualquier <span class=\"_ _f\"></span>contraprestaci\u00f3n <span class=\"_ _f\"></span>contingente <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>dependa <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>hechos <span class=\"_ _f\"></span>futuros <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del cumplimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ciertas <span class=\"_ _10\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _10\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>valor pueda <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>medido <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>for<span class=\"_ _3\"></span>ma <span class=\"_ _f\"></span>f<span class=\"_ _3\"></span>iable. <span class=\"_ _f\"></span>Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>relac<span class=\"_ _3\"></span>ionados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>adq<span class=\"_ _3\"></span>uisici\u00f3n <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>gastos cuando se in<span class=\"_ _3\"></span>curre en ellos.<span class=\"_ _65\"> </span>La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>sitiva <span class=\"_ _f\"></span>existente <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traprestaci\u00f3n <span class=\"_ _f\"></span>tran<span class=\"_ _3\"></span>sferida <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _f\"></span>adquirida<span class=\"_ _f\"></span> <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>el valor <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>ignado <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _f\"></span>dominan<span class=\"_ _3\"></span>tes<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>neto <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>adquiridos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>pasivos asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _3\"></span> con el<span class=\"_ _2\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _10\"> </span>previamente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>negocio <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>registra <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cFondo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>comercio\u201d<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _13\"> </span>Si <span class=\"_ _10\"> </span>dicha </span>diferencia fuera negativa, s<span class=\"_ _3\"></span>e reconocer\u00eda directamente com<span class=\"_ _3\"></span>o un mayor res<span class=\"_ _3\"></span>ultado del eje<span class=\"_ _3\"></span>rcicio.<span class=\"_ _65\"> </span>Si <span class=\"_ _d\"></span>la combinaci\u00f3n <span class=\"_ _d\"></span>de negocios <span class=\"_ _2\"></span>s\u00f3lo <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>puede <span class=\"_ _2\"></span>determinar <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>forma <span class=\"_ _2\"></span>provisional, los <span class=\"_ _d\"></span>activos n<span class=\"_ _2\"></span>etos <span class=\"_ _2\"></span>identificables se <span class=\"_ _10\"> </span>registra<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>icialmente <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _13\"> </span>sus <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>alores <span class=\"_ _13\"> </span>pro<span class=\"_ _2\"></span>visionales,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>reconociendo <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>aju<span class=\"_ _3\"></span>stes <span class=\"_ _13\"> </span>ef<span class=\"_ _2\"></span>ectuado<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>urante <span class=\"_ _10\"> </span>el periodo de <span class=\"_ _2\"></span>valoraci\u00f3n definitiva, que como m\u00e1ximo es <span class=\"_ _2\"></span>de 1 a\u00f1o <span class=\"_ _2\"></span>desde la <span class=\"_ _2\"></span>fecha de <span class=\"_ _2\"></span>adquisici\u00f3n<span class=\"_ _3\"></span>, como <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>i \u00e9stos se <span class=\"_ _10\"></span>hubieran <span class=\"_ _10\"></span>conocido <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>adquisici\u00f3n, <span class=\"_ _10\"></span>re-expr<span class=\"_ _3\"></span>esando, <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _10\"> </span>caso, <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>cifras <span class=\"_ _10\"> </span>comparativas <span class=\"_ _10\"></span>del ejercicio <span class=\"_ _15\"> </span>anterior.<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>En <span class=\"_ _15\"> </span>cualquier <span class=\"_ _15\"> </span>cas<span class=\"_ _3\"></span>o, <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>aju<span class=\"_ _3\"></span>stes <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>los <span class=\"_ _17\"> </span>valores <span class=\"_ _15\"> </span>provis<span class=\"_ _3\"></span>ionales <span class=\"_ _15\"> </span>\u00fanicamen<span class=\"_ _f\"></span>te <span class=\"_ _19\"> </span>in<span class=\"_ _3\"></span>corporan informaci\u00f3n <span class=\"_ _f\"></span>relativa <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>hechos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>circunstancias <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>exist\u00edan <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>que, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>haber sido <span class=\"_ _f\"></span>conocidos, <span class=\"_ _f\"></span>hubieran <span class=\"_ _3\"></span>afectado <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>importes <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>cidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>dicha <span class=\"_ _f\"></span>fecha. <span class=\"_ _3\"></span>Transcurrido <span class=\"_ _f\"></span>dicho <span class=\"_ _f\"></span>periodo, s\u00f3lo se realizan a<span class=\"_ _3\"></span>justes a la <span class=\"_ _3\"></span>valoraci\u00f3n inicial como la corre<span class=\"_ _3\"></span>cci\u00f3n de un error<span class=\"_ _3\"></span>. El fondo de come<span class=\"_ _3\"></span>rcio resultante d<span class=\"_ _3\"></span>e una combinaci\u00f3n d<span class=\"_ _3\"></span>e negocios<span class=\"_ _3\"></span> se asigna a<span class=\"_ _3\"></span> cada una d<span class=\"_ _3\"></span>e las UGE o Grupos de UGE que se espera s<span class=\"_ _3\"></span>e vayan a b<span class=\"_ _3\"></span>eneficiar de las s<span class=\"_ _3\"></span>inergias de la combinaci\u00f3n<span class=\"_ _3\"></span>.  Los <span class=\"_ _3\"></span>fondo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _f\"></span>cuando <span class=\"_ _3\"></span>han <span class=\"_ _f\"></span>sido <span class=\"_ _3\"></span>adquiridos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>t\u00edtulo <span class=\"_ _3\"></span>oneroso <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>amortizan<span class=\"_ _3\"></span>. En <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>lugar, <span class=\"_ _f\"></span>son <span class=\"_ _0\"></span>revisados <span class=\"_ _f\"></span>anualmente <span class=\"_ _0\"></span>mediante <span class=\"_ _f\"></span>es<span class=\"_ _3\"></span>tudios <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>exis<span class=\"_ _3\"></span>ta <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r asignado <span class=\"_ _3\"></span>inicialmente, <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>ci\u00e9ndose <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _f\"></span>por el <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>recuperable <span class=\"_ _3\"></span>es in<span class=\"_ _3\"></span>ferior al <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>asignado <span class=\"_ _3\"></span>inicialmente. <span class=\"_ _3\"></span>Una <span class=\"_ _3\"></span>vez <span class=\"_ _f\"></span>reconocida <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r d<span class=\"_ _3\"></span>eterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>fondo de <span class=\"_ _3\"></span>comercio, <span class=\"_ _3\"></span>\u00e9sta<span class=\"_ _3\"></span> no revierte en <span class=\"_ _2\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _2\"></span>ealizadas de forma interna y se ofre<span class=\"_ _2\"></span>cen detalles sobre la metodolog\u00eda d<span class=\"_ _3\"></span>e c\u00e1lculo aplicada <span class=\"_ _3\"></span>en la Nota 3.5.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>fondo de <span class=\"_ _d\"></span>comercio no <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>amortiza y <span class=\"_ _d\"></span>se revisa <span class=\"_ _2\"></span>anualmente para <span class=\"_ _d\"></span>an<span class=\"_ _3\"></span>alizar <span class=\"_ _2\"></span>las posibles <span class=\"_ _2\"></span>p\u00e9rdidas <span class=\"_ _2\"></span>por deterioro de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor, <span class=\"_ _f\"></span>registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidado <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _f\"></span>las p\u00e9rdidas po<span class=\"_ _3\"></span>r deterioro acumulada.<span class=\"_ _65\"> </span>El <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>eval\u00faa <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>cada <span class=\"_ _10\"></span>transacci\u00f3n <span class=\"_ _10\"></span>si <span class=\"_ _0\"></span>ha <span class=\"_ _10\"> </span>adquirido <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>gru<span class=\"_ _3\"></span>po <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>act<span class=\"_ _3\"></span>ivos, <span class=\"_ _10\"></span>analizando <span class=\"_ _0\"></span>si <span class=\"_ _10\"> </span>el conjunto d<span class=\"_ _3\"></span>e activos adquiridos cumple con la<span class=\"_ _3\"></span> definici\u00f3n de negocio <span class=\"_ _3\"></span>recogida en NIIF<span class=\"_ _f\"></span>-<span class=\"ls10\">3.</span> El <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>participaciones <span class=\"_ _3\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dominantes <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>entidad <span class=\"_ _3\"></span>adq<span class=\"_ _3\"></span>uirida <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>participaci\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los activos netos<span class=\"_ _3\"></span> identificables de la entidad<span class=\"_ _3\"></span>, v<span class=\"_ _3\"></span>alorados a valor razonable<span class=\"_ _3\"></span><span class=\"ls13\">.<span class=\"_ _65\"> </span></span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>revisa, al <span class=\"_ _3\"></span>menos<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cierre de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>ejercicio, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>financieros, entre los <span class=\"_ _3\"></span>que s<span class=\"_ _3\"></span>e incluyen <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activos materiales,<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>activos po<span class=\"_ _3\"></span>r derecho d<span class=\"_ _3\"></span>e uso, <span class=\"_ _3\"></span>el fondo <span class=\"_ _3\"></span>de comer<span class=\"_ _3\"></span>cio junto<span class=\"_ _3\"></span> a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>otros <span class=\"_ _3\"></span>activos <span class=\"_ _f\"></span>intangibles, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span><span class=\"ff6\">activos <span class=\"_ _f\"></span>biol\u00f3gicos, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>\u201cInversiones <span class=\"_ _f\"></span>contabilizadas <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la </span>participaci\u00f3n\u201d <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminar <span class=\"_ _3\"></span>si <span class=\"_ _f\"></span>existe <span class=\"_ _3\"></span>alg\u00fan <span class=\"_ _f\"></span>indicio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>hayan <span class=\"_ _3\"></span>sufrido <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _f\"></span>por deterioro, y <span class=\"_ _2\"></span>por tanto <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e e<span class=\"_ _2\"></span>spera recuperar <span class=\"_ _2\"></span>de su <span class=\"_ _2\"></span>uso o<span class=\"_ _2\"></span> disposici\u00f3n<span class=\"_ _3\"></span> e<span class=\"_ _2\"></span>s infe<span class=\"_ _2\"></span>rior a <span class=\"_ _2\"></span>su valor <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>libros.<span class=\"_ _65\"> </span>En <span class=\"_ _13\"> </span>caso <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>existir <span class=\"_ _10\"> </span>indicios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>deterioro, <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>lleva <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cab<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>una <span class=\"_ _10\"> </span>estimaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>importe <span class=\"_ _13\"> </span>recuperable, <span class=\"_ _10\"> </span>para<span class=\"_ _3\"></span> determinar, en <span class=\"_ _d\"></span>su caso, <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>deterioro. El <span class=\"_ _d\"></span>i<span class=\"_ _3\"></span>mporte recuperable <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>mayor <span class=\"_ _2\"></span>entre el <span class=\"_ _d\"></span>valor razonable minorado p<span class=\"_ _3\"></span>or el cos<span class=\"_ _3\"></span>te de su <span class=\"_ _3\"></span>venta y <span class=\"_ _3\"></span>el valo<span class=\"_ _3\"></span><span class=\"ff6\">r \u201cen us<span class=\"_ _3\"></span>o\u201d. En el caso<span class=\"_ _3\"></span> de los <span class=\"_ _3\"></span>fondos d<span class=\"_ _3\"></span>e comercio ENCE <span class=\"_ _3\"></span>realiza de </span>forma sistem\u00e1tica el an<span class=\"_ _3\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _3\"></span>enos anualmente.<span class=\"_ _3\"></span> Los <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>\u201cen <span class=\"_ _3\"></span>uso\u201d <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>determinan <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>Unidad <span class=\"_ _3\"></span>Generadora <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Efectivo <span class=\"_ _3\"></span>(UGE). <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio adquirido en una <span class=\"_ _3\"></span>combinaci\u00f3n de negocios se distribuye entre cada <span class=\"_ _3\"></span>una de las UGE que se benefician de las sinergias <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>combinaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>negoc<span class=\"_ _3\"></span>ios. <span class=\"_ _f\"></span>Con <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>r\u00e1cter <span class=\"_ _f\"></span>general, <span class=\"_ _3\"></span>cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>el<span class=\"_ _3\"></span> Grupo desarrolla s<span class=\"_ _3\"></span>u actividad es una UGE.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "3.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Combinaciones de negoc<span class=\"_ _2\"></span>io<span class=\"_ _65\"> </span></span>La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>sitiva <span class=\"_ _f\"></span>existente <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traprestaci\u00f3n <span class=\"_ _f\"></span>tran<span class=\"_ _3\"></span>sferida <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _f\"></span>adquirida<span class=\"_ _f\"></span> <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>el valor <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>ignado <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _f\"></span>dominan<span class=\"_ _3\"></span>tes<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>neto <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>adquiridos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>pasivos asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _3\"></span> con el<span class=\"_ _2\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _10\"> </span>previamente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>negocio <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>registra <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cFondo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>comercio\u201d<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _13\"> </span>Si <span class=\"_ _10\"> </span>dicha </span>diferencia fuera negativa, s<span class=\"_ _3\"></span>e reconocer\u00eda directamente com<span class=\"_ _3\"></span>o un mayor res<span class=\"_ _3\"></span>ultado del eje<span class=\"_ _3\"></span>rcicio.<span class=\"_ _65\"> </span>El fondo de come<span class=\"_ _3\"></span>rcio resultante d<span class=\"_ _3\"></span>e una combinaci\u00f3n d<span class=\"_ _3\"></span>e negocios<span class=\"_ _3\"></span> se asigna a<span class=\"_ _3\"></span> cada una d<span class=\"_ _3\"></span>e las UGE o Grupos de UGE que se espera s<span class=\"_ _3\"></span>e vayan a b<span class=\"_ _3\"></span>eneficiar de las s<span class=\"_ _3\"></span>inergias de la combinaci\u00f3n<span class=\"_ _3\"></span>.  Los <span class=\"_ _3\"></span>fondo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _f\"></span>cuando <span class=\"_ _3\"></span>han <span class=\"_ _f\"></span>sido <span class=\"_ _3\"></span>adquiridos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>t\u00edtulo <span class=\"_ _3\"></span>oneroso <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>amortizan<span class=\"_ _3\"></span>. En <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>lugar, <span class=\"_ _f\"></span>son <span class=\"_ _0\"></span>revisados <span class=\"_ _f\"></span>anualmente <span class=\"_ _0\"></span>mediante <span class=\"_ _f\"></span>es<span class=\"_ _3\"></span>tudios <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>exis<span class=\"_ _3\"></span>ta <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r asignado <span class=\"_ _3\"></span>inicialmente, <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>ci\u00e9ndose <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _f\"></span>por el <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>recuperable <span class=\"_ _3\"></span>es in<span class=\"_ _3\"></span>ferior al <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>asignado <span class=\"_ _3\"></span>inicialmente. <span class=\"_ _3\"></span>Una <span class=\"_ _3\"></span>vez <span class=\"_ _f\"></span>reconocida <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r d<span class=\"_ _3\"></span>eterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>fondo de <span class=\"_ _3\"></span>comercio, <span class=\"_ _3\"></span>\u00e9sta<span class=\"_ _3\"></span> no revierte en <span class=\"_ _2\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _2\"></span>ealizadas de forma interna y se ofre<span class=\"_ _2\"></span>cen detalles sobre la metodolog\u00eda d<span class=\"_ _3\"></span>e c\u00e1lculo aplicada <span class=\"_ _3\"></span>en la Nota 3.5.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>fondo de <span class=\"_ _d\"></span>comercio no <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>amortiza y <span class=\"_ _d\"></span>se revisa <span class=\"_ _2\"></span>anualmente para <span class=\"_ _d\"></span>an<span class=\"_ _3\"></span>alizar <span class=\"_ _2\"></span>las posibles <span class=\"_ _2\"></span>p\u00e9rdidas <span class=\"_ _2\"></span>por deterioro de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor, <span class=\"_ _f\"></span>registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidado <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _f\"></span>las p\u00e9rdidas po<span class=\"_ _3\"></span>r deterioro acumulada.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "El <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _f\"></span>implica, <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>car\u00e1cter <span class=\"_ _f\"></span>general, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>registro<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>obtiene <span class=\"_ _f\"></span>el control <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>ne<span class=\"_ _3\"></span>gocio <span class=\"_ _16\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>los <span class=\"_ _19\"> </span>activos <span class=\"_ _19\"> </span>adquirid<span class=\"_ _3\"></span>os, <span class=\"_ _16\"> </span>los <span class=\"_ _19\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _19\"> </span>asumidos, <span class=\"_ _19\"> </span>los <span class=\"_ _16\"> </span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _19\"> </span>de<span class=\"_ _65\"> </span>patrimonio <span class=\"_ _f\"></span>neto <span class=\"_ _3\"></span>emitidos, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>cualquier <span class=\"_ _f\"></span>contraprestaci\u00f3n <span class=\"_ _f\"></span>contingente <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>dependa <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>hechos <span class=\"_ _f\"></span>futuros <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del cumplimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ciertas <span class=\"_ _10\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _10\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>valor pueda <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>medido <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>for<span class=\"_ _3\"></span>ma <span class=\"_ _f\"></span>f<span class=\"_ _3\"></span>iable. <span class=\"_ _f\"></span>Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>relac<span class=\"_ _3\"></span>ionados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>adq<span class=\"_ _3\"></span>uisici\u00f3n <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>gastos cuando se in<span class=\"_ _3\"></span>curre en ellos.<span class=\"_ _65\"> </span>No existe un mercado a<span class=\"_ _3\"></span>ctivo del Eucalipto en Espa\u00f1<span class=\"_ _3\"></span>a, y las caracter\u00edsticas de las tran<span class=\"_ _3\"></span>sacciones que se llevan a  cabo  no <span class=\"_ _13\"> </span>han  permitido  hasta  la <span class=\"_ _13\"> </span>fecha  identificar  referencias  de  precio <span class=\"_ _13\"> </span>de  mercado  v\u00e1lidas  para <span class=\"_ _13\"> </span>su extrapolaci\u00f3n <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>fores<span class=\"_ _3\"></span>tal d<span class=\"_ _3\"></span>e E<span class=\"_ _3\"></span>NCE. <span class=\"_ _f\"></span>Por otra <span class=\"_ _3\"></span>parte, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>aplicaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>m\u00e9todos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>alternativos <span class=\"_ _3\"></span>que plantea <span class=\"_ _13\"> </span>NIIF <span class=\"_ _13\"> </span>13 <span class=\"_ _10\"> </span>par<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>determinar <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>razonable, <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>ha <span class=\"_ _10\"> </span>permitido <span class=\"_ _13\"> </span>cuantificar <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>fiabilidad <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>valor razonable <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _0\"></span>biol\u00f3gicos, <span class=\"_ _10\"></span>debido <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>otros <span class=\"_ _10\"></span>factores, <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>asunciones <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>estim<span class=\"_ _f\"></span>aciones <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se deben llevar a <span class=\"_ _3\"></span>cabo y al impac<span class=\"_ _3\"></span>to que las mis<span class=\"_ _3\"></span>mas tienen en l<span class=\"_ _3\"></span>os resultad<span class=\"_ _3\"></span>os de la cuantificac<span class=\"_ _3\"></span>i\u00f3n. Por todo ello,<span class=\"_ _3\"></span> el Grupo no valo<span class=\"_ _3\"></span>ra sus activos biol\u00f3gicos<span class=\"_ _3\"></span> a valor razon<span class=\"_ _3\"></span>able. ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"_ _2\"></span>descuento de los flujos futuros <span class=\"_ _f\"></span>previstos, <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>consid<span class=\"_ _3\"></span>erado <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>suficientemente <span class=\"_ _f\"></span>fiable <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>ser <span class=\"_ _f\"></span>utilizado <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>valoraci\u00f3n <span class=\"_ _f\"></span>a valor razonable <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>biol\u00f3gicos, si <span class=\"_ _2\"></span>bien, su <span class=\"_ _2\"></span>utilizaci\u00f3n consistente <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el tiem<span class=\"_ _2\"></span>po s\u00ed <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ermite <span class=\"_ _2\"></span>identificar rangos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>tendencias <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se tienen<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>ideraci\u00f3n <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>evaluar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>existencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>posibles <span class=\"_ _f\"></span>indicios <span class=\"_ _3\"></span>de deterioro de valor en los<span class=\"_ _3\"></span> activos biol\u00f3<span class=\"_ _3\"></span>gicos.<span class=\"_ _65\"> </span>En <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>econocimiento <span class=\"_ _3\"></span>inicial, <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>activo <span class=\"_ _f\"></span>financiero a <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable, <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue incluye <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>trans<span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _15\"> </span>que <span class=\"_ _15\"> </span>sean <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>irectamente <span class=\"_ _19\"> </span>atrib<span class=\"_ _3\"></span>uibles <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>activo. Excepcionalmente, <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>costes  de  trans<span class=\"_ _3\"></span>acci\u00f3n  corres<span class=\"_ _3\"></span>pondientes <span class=\"_ _16\"> </span>a  activos <span class=\"_ _16\"> </span>financieros  valo<span class=\"_ _3\"></span>rados  a  v<span class=\"_ _3\"></span>alor razonable con cambios<span class=\"_ _3\"></span> en resultados<span class=\"_ _3\"></span> se imputan directamente a resu<span class=\"_ _3\"></span>ltados.<span class=\"_ _65\"> </span>ii.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Valor <span class=\"_ _3\"></span>razonab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados: <span class=\"_ _3\"></span>dentro<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluyen <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>deriv<span class=\"_ _3\"></span>ados <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>no </span></span>cumplen <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>condiciones<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>considerarse <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobertura <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>NIIF <span class=\"_ _f\"></span>9 <span class=\"_ _10\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span>In<span class=\"_ _3\"></span>strumentos<span class=\"_ _65\"> </span>Financieros, los activos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>que otras <span class=\"_ _2\"></span>normas establezcan <span class=\"_ _2\"></span>que deben <span class=\"_ _2\"></span>valorarse a <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _2\"></span>razonable con <span class=\"_ _3\"></span>cargo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resultados, <span class=\"_ _3\"></span>tales <span class=\"_ _3\"></span>como las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>contraprestaciones<span class=\"_ _3\"></span> contingentes <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>combinacion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de n<span class=\"_ _3\"></span>egocios y aquellos activ<span class=\"_ _3\"></span>os financieros que de v<span class=\"_ _3\"></span>alorarse de o<span class=\"_ _3\"></span>tra forma generar\u00edan u<span class=\"_ _3\"></span>na asimetr\u00eda contable. <span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>duzcan <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>imputan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>producen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _15\"> </span>financieros\u201d, <span class=\"_ _15\"> </span>\u201cIngresos <span class=\"_ _15\"> </span>financieros\u201d <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>\u201cVariaci\u00f3n <span class=\"_ _19\"> </span>en <span class=\"_ _15\"> </span>el <span class=\"_ _15\"> </span>valor <span class=\"_ _15\"> </span>razonable <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>instru<span class=\"_ _3\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _3\"></span> corresponda, d<span class=\"_ _3\"></span>el Estado de Resultado<span class=\"_ _3\"></span> conso<span class=\"_ _3\"></span><span class=\"ff3\">lidado. </span>En el <span class=\"_ _3\"></span>caso d<span class=\"_ _3\"></span>e participaciones<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>sociedades n<span class=\"_ _3\"></span>o cotizadas<span class=\"_ _3\"></span>, poco <span class=\"_ _3\"></span>relevantes, d<span class=\"_ _3\"></span>ado qu<span class=\"_ _3\"></span>e el valo<span class=\"_ _3\"></span>r razonab<span class=\"_ _3\"></span>le no <span class=\"_ _f\"></span>siempre <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>osible <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminarlo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>fiabl<span class=\"_ _3\"></span>e, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>valoran<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _f\"></span>corregido por las evidencias<span class=\"_ _3\"></span> de deterioro que pud<span class=\"_ _3\"></span>ieran existi<span class=\"_ _3\"></span><span class=\"ls1d\">r.</span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>directamente <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>em<span class=\"_ _2\"></span>isi\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _3\"></span> gasto en el Estado d<span class=\"_ _3\"></span>e Resultado consolidad<span class=\"_ _3\"></span>o a medida que s<span class=\"_ _3\"></span>e incurre en ellos.<span class=\"_ _65\"> </span>ENCE <span class=\"_ _f\"></span>clas<span class=\"_ _3\"></span>ifica <span class=\"_ _f\"></span>sus <span class=\"_ _0\"></span>pasivos <span class=\"_ _f\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>categor\u00edas, <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>posterioridad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>reconocimiento inicial; 1) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>amortiza<span class=\"_ _3\"></span>do, y <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en resu<span class=\"_ _3\"></span>ltados. <span class=\"_ _3\"></span>En esta<span class=\"_ _3\"></span> \u00faltima <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>se recogen b<span class=\"_ _3\"></span>\u00e1sicamente <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>contrap<span class=\"_ _3\"></span>restaciones<span class=\"_ _3\"></span> con<span class=\"_ _3\"></span>tingentes qu<span class=\"_ _3\"></span>e s<span class=\"_ _3\"></span>e pu<span class=\"_ _3\"></span>edan <span class=\"_ _3\"></span>originar <span class=\"_ _3\"></span>en las <span class=\"_ _3\"></span>combinaciones <span class=\"_ _3\"></span>de negocios.<span class=\"_ _65\"> </span>Los p<span class=\"_ _3\"></span>r\u00e9stamos, o<span class=\"_ _3\"></span>bligaciones y <span class=\"_ _3\"></span>similares <span class=\"_ _3\"></span>se registra<span class=\"_ _3\"></span>n inicialmente <span class=\"_ _3\"></span>a v<span class=\"_ _3\"></span>alor razon<span class=\"_ _3\"></span>able, valor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>normalmente coincide con el efectiv<span class=\"_ _3\"></span>o recibido, neto d<span class=\"_ _3\"></span>e los costes in<span class=\"_ _3\"></span>curridos en la trans<span class=\"_ _3\"></span>acci\u00f3n. En periodos p<span class=\"_ _3\"></span>osteriores, la totalidad de estas d<span class=\"_ _3\"></span>eudas se valora a su co<span class=\"_ _3\"></span>ste amortizado, utilizando el m\u00e9todo d<span class=\"_ _3\"></span>el tipo de inter\u00e9s efectivo.<span class=\"_ _65\"> </span>Los gastos finan<span class=\"_ _3\"></span>cieros as\u00ed como los costes de estru<span class=\"_ _3\"></span>cturaci\u00f3n, se registran seg\u00fan el criterio del devengo <span class=\"_ _3\"></span>en el Estado de Resultad<span class=\"_ _3\"></span>o consolidado utiliza<span class=\"_ _3\"></span>ndo el m\u00e9todo del inter\u00e9s efectivo<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>Los <span class=\"_ _13\"> </span>acreedores <span class=\"_ _10\"> </span>comerciales <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>otras <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>pagar <span class=\"_ _10\"> </span>derivados <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>operaciones <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>son<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>pasivo<span class=\"_ _3\"></span>s financieros <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>mayor <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _d\"></span>presentan <span class=\"_ _2\"></span>vencimiento <span class=\"_ _d\"></span>a corto <span class=\"_ _d\"></span>plazo <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>no <span class=\"_ _d\"></span>devengan <span class=\"_ _2\"></span>intereses. <span class=\"_ _d\"></span>Estos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>saldos se registran inicialment<span class=\"_ _3\"></span>e a su valor razonab<span class=\"_ _3\"></span>le y <span class=\"_ _3\"></span>posteriormente a su cos<span class=\"_ _3\"></span>te amortizado.<span class=\"_ _65\"> </span>Estos <span class=\"_ _16\"> </span>instrumentos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>financieros <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>valoran <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>todo <span class=\"_ _16\"> </span>momento <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>su<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>alor <span class=\"_ _16\"> </span>razonable,<span class=\"_ _3\"></span>  registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _16\"> </span>las variaciones <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>\u201cInstrumentos f<span class=\"_ _2\"></span>inancieros <span class=\"_ _2\"></span>derivados\u201d<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>pasivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>Situaci\u00f3n Financiera consolidado s<span class=\"_ _3\"></span>i son negativas, y como \u201cActivos<span class=\"_ _3\"></span> fi<span class=\"ff3\">nan<span class=\"_ _3\"></span>cieros </span>\u2013<span class=\"ff3\"> </span>Derivados d<span class=\"_ _3\"></span>e cobertura\u201d si s<span class=\"_ _3\"></span>on positivas.<span class=\"_ _65\"> </span>Coberturas <span class=\"_ _3\"></span>de valor <span class=\"_ _3\"></span>razonable: el <span class=\"_ _3\"></span>elemento <span class=\"_ _3\"></span>cubierto se <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>su valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>al igual q<span class=\"_ _3\"></span>ue el instrumento <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura, <span class=\"_ _2\"></span>registr\u00e1ndose <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>variacion<span class=\"_ _3\"></span>es <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>valor <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>ambos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Estado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Resultado<span class=\"_ _3\"></span> consolidado<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>Valor razonable de los<span class=\"_ _3\"></span> instrumento<span class=\"_ _3\"></span>s financieros derivados<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _f\"></span>financieros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>etermina <span class=\"_ _f\"></span>utilizando<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>siguiente <span class=\"_ _0\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _3\"></span> 27<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel 1: por observ<span class=\"_ _3\"></span>aci\u00f3n directa de la cotizaci\u00f3n<span class=\"_ _3\"></span> en mercados a<span class=\"_ _3\"></span>ctivos, de activos y p<span class=\"_ _3\"></span>asivos id\u00e9nticos. <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _3\"></span>2: empleando <span class=\"_ _3\"></span>inp<span class=\"_ _3\"></span>uts <span class=\"_ _3\"></span>disponibles <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>activos, <span class=\"_ _3\"></span>diferentes <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>precios de <span class=\"_ _3\"></span>cotizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>que </span></span>son aplicables<span class=\"_ _3\"></span> a los activos y pasivos<span class=\"_ _3\"></span>, tanto directa como indirectamente.<span class=\"_ _f\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _0\"></span>3: <span class=\"_ _f\"></span>utiliza<span class=\"_ _3\"></span>ndo <span class=\"_ _0\"></span>t\u00e9cnicas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>valoraci\u00f3n <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>mercados </span></span>activos.<span class=\"_ _65\"> </span>derivados se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _3\"></span> este tipo de instrumentos financieros<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>a partir de datos facilitados por agencias<span class=\"_ _3\"></span> de informaci\u00f3n o dat<span class=\"_ _3\"></span>os de organismos oficiales<span class=\"_ _3\"></span>, d<span class=\"_ _3\"></span>el siguiente mod<span class=\"_ _3\"></span>o: \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>permutas de <span class=\"_ _d\"></span>tipo de <span class=\"_ _d\"></span>inter\u00e9s se determina <span class=\"_ _d\"></span>actualizan<span class=\"_ _3\"></span>do las <span class=\"_ _d\"></span>liquid<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _2\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _2\"></span>de tipos swap a largo plazo<span class=\"_ _3\"></span>. Se utiliza la volatilidad impl\u00edcita p<span class=\"_ _3\"></span>ara el c\u00e1lculo d<span class=\"_ _3\"></span>e los valores razon<span class=\"_ _3\"></span>ables.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>cas<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>contratos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>tipo  de <span class=\"_ _10\"> </span>cambio  a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>futuro, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>u <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>determina  utilizando <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> </span></span>cotizaciones <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _10\"> </span>contado <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cambio <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>las <span class=\"_ _10\"></span>curvas <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>inter\u00e9s <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _3\"></span>mo el empleo de la v<span class=\"_ _3\"></span>olatilidad impl\u00edcita<span class=\"_ _3\"></span> hasta<span class=\"_ _3\"></span> el vencimiento en el caso <span class=\"_ _3\"></span>de opciones. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>razonable <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>contratos  de <span class=\"_ _10\"> </span>compraventa  de <span class=\"_ _10\"> </span>ele<span class=\"_ _3\"></span>mentos <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>financieros <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _3\"></span>NIIF <span class=\"_ _3\"></span>9 (precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la celulos<span class=\"_ _3\"></span>a y <span class=\"_ _3\"></span>precio de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>energ\u00eda prin<span class=\"_ _3\"></span>cipalmente) se <span class=\"_ _3\"></span>calcula <span class=\"_ _3\"></span>a par<span class=\"_ _3\"></span>tir de <span class=\"_ _3\"></span>la mejor <span class=\"_ _3\"></span>estima<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>curvas <span class=\"_ _3\"></span>futuras<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>recios <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>elementos <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>cieros, <span class=\"_ _3\"></span>existen<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _3\"></span> a plazo.  Los valores <span class=\"_ _2\"></span>razonables se <span class=\"_ _d\"></span>aj<span class=\"_ _3\"></span>ustan por <span class=\"_ _d\"></span>el impacto e<span class=\"_ _2\"></span>sperado del <span class=\"_ _d\"></span>riesgo de cr\u00e9dito <span class=\"_ _2\"></span>observable de <span class=\"_ _d\"></span>la contraparte en <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>escenarios <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valoraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>positivos, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>impacto <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>riesgo <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>cr\u00e9dito <span class=\"_ _13\"> </span>propio <span class=\"_ _13\"> </span>observable <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>los escenarios de valo<span class=\"_ _3\"></span>raci\u00f3n negativos.<span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>valores <span class=\"_ _f\"></span>obtenidos <span class=\"_ _f\"></span>utilizando <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tas <span class=\"_ _f\"></span>t\u00e9cnicas <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>on <span class=\"_ _f\"></span>contrastados <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>financieras <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que ENCE tiene contrata<span class=\"_ _3\"></span>dos estos instrumentos fin<span class=\"_ _3\"></span>ancieros.<span class=\"_ _3\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _3\"></span>encuadradas <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>nivel 2 de <span class=\"_ _3\"></span>la jerarq<span class=\"_ _3\"></span>u\u00eda de <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>razonables <span class=\"_ _3\"></span>establecida p<span class=\"_ _3\"></span>or la NIIF <span class=\"_ _3\"></span>13, po<span class=\"_ _3\"></span>r estar los inputs basad<span class=\"_ _3\"></span>os en precios cotizados par<span class=\"_ _3\"></span>a instru<span class=\"_ _3\"></span>mentos similares en mercados activos<span class=\"_ _3\"></span> (no incluidos en el nivel <span class=\"_ _d\"></span>1), precios <span class=\"_ _d\"></span>cotizados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>para <span class=\"_ _2\"></span>instrumentos id\u00e9nticos <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>similares <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>mercados <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>so<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>t\u00e9cnicas basadas <span class=\"_ _13\"> </span>en <span class=\"_ _10\"></span>modelos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>valora<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"> </span>para <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>cuales <span class=\"_ _10\"> </span>todos <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>inputs <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ignificativos  son <span class=\"_ _10\"></span>observables <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el mercado o <span class=\"_ _3\"></span>pueden s<span class=\"_ _3\"></span>er corrob<span class=\"_ _3\"></span>orados <span class=\"_ _3\"></span>por datos <span class=\"_ _3\"></span>observables d<span class=\"_ _3\"></span>e mercado. E<span class=\"_ _3\"></span>n dicha <span class=\"_ _3\"></span>clasificaci\u00f3n <span class=\"_ _3\"></span>se h<span class=\"_ _3\"></span>a tenido en <span class=\"_ _3\"></span>consideraci\u00f3n <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>riesgo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>utilizan <span class=\"_ _3\"></span>inputs <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nivel <span class=\"_ _3\"></span>3, como <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>estimaciones de <span class=\"_ _10\"> </span>cr\u00e9dito <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>funci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ra<span class=\"_ _3\"></span>ting <span class=\"_ _10\"> </span>crediticio <span class=\"_ _13\"> </span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>empresa<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>comparables <span class=\"_ _13\"> </span>para <span class=\"_ _10\"> </span>evaluar <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>robabilidad <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> quiebra <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>contraparte, <span class=\"_ _f\"></span>si <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>ien, <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>ajustes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>significativos. <span class=\"_ _f\"></span>Por <span class=\"_ _3\"></span>otra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>parte, <span class=\"_ _3\"></span>las contraprestacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tingentes <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>valores <span class=\"_ _17\"> </span>razonables <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>los <span class=\"_ _1a\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _15\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _15\"> </span>incorp<span class=\"_ _3\"></span>orados <span class=\"_ _17\"> </span>en combinaciones de negocios<span class=\"_ _3\"></span> quedan encuad<span class=\"_ _3\"></span>radas en el niv<span class=\"_ _3\"></span>el 3 de la jerarqu\u00eda (v\u00e9a<span class=\"_ _3\"></span>nse Nota<span class=\"_ _3\"></span>s 4 y 6<span class=\"ls18\">).<span class=\"_ _65\"> </span></span>Las subvencion<span class=\"_ _3\"></span>es de capital no reintegrables, asociadas a inversiones en activ<span class=\"_ _3\"></span>os productivos, se valoran por el <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>concedido, <span class=\"_ _3\"></span>neto <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>incurridos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>obtenci\u00f3n, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconocen cuando se <span class=\"_ _d\"></span>han<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cumplido <span class=\"_ _2\"></span>los requisitos <span class=\"_ _2\"></span>asociados<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>concesi\u00f3n. <span class=\"_ _2\"></span>Estas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>su<span class=\"_ _3\"></span>bvenciones <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>imputan a <span class=\"_ _2\"></span>resultados<span class=\"_ _65\"> </span>en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201c<span class=\"ff3\">Otros ingresos de explotaci\u00f3n<span class=\"_ _3\"></span></span>\u201d en proporci\u00f3n a la dotaci\u00f3n a <span class=\"_ _2\"></span>la amortizaci\u00f3n efectuada en el per\u00edodo para los<span class=\"_ _3\"></span> elementos sub<span class=\"_ _3\"></span>vencionados o<span class=\"_ _3\"></span>, en su cas<span class=\"_ _3\"></span>o, cuando se prod<span class=\"_ _3\"></span>uzca su enajenaci\u00f3<span class=\"_ _3\"></span>n o correcci\u00f3n valorativa p<span class=\"_ _3\"></span>or deterioro.<span class=\"_ _65\"> </span>Los \u201cIngresos<span class=\"_ _3\"></span> ordinarios\u201d <span class=\"_ _3\"></span><span class=\"ff3\">derivados de contratos co<span class=\"_ _3\"></span>n clientes se reconocen en funci\u00f3n<span class=\"_ _3\"></span> del cumplimiento de<span class=\"_ _3\"></span> </span>las  o<span class=\"_ _3\"></span>bligaciones  d<span class=\"_ _3\"></span>e  desempe\u00f1o<span class=\"_ _3\"></span>  con <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>clientes,  y <span class=\"_ _19\"> </span>representan <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>importes  a <span class=\"_ _16\"> </span>cobrar <span class=\"_ _16\"> </span>por  los<span class=\"_ _3\"></span>  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _3\"></span> netos de devoluciones y descuentos, y <span class=\"_ _3\"></span>cantidad<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>recibidas <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>terceros, <span class=\"_ _3\"></span>tales <span class=\"_ _f\"></span>como el <span class=\"_ _3\"></span>impuesto <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>a\u00f1adido. <span class=\"_ _f\"></span>Los i<span class=\"_ _f\"></span>ngresos se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _f\"></span>icios econ\u00f3micos asociado<span class=\"_ _3\"></span>s a la transacci\u00f3n, y<span class=\"_ _3\"></span> se valoran por el valor razonab<span class=\"_ _3\"></span>le de la contraprestaci\u00f3n<span class=\"_ _3\"></span> recibida o a recibir.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>sitiva <span class=\"_ _f\"></span>existente <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traprestaci\u00f3n <span class=\"_ _f\"></span>tran<span class=\"_ _3\"></span>sferida <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _f\"></span>adquirida<span class=\"_ _f\"></span> <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>el valor <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>ignado <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _f\"></span>dominan<span class=\"_ _3\"></span>tes<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>neto <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>adquiridos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>pasivos asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _3\"></span> con el<span class=\"_ _2\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _10\"> </span>previamente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>negocio <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>quirido, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>registra <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cFondo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>comercio\u201d<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _13\"> </span>Si <span class=\"_ _10\"> </span>dicha </span>diferencia fuera negativa, s<span class=\"_ _3\"></span>e reconocer\u00eda directamente com<span class=\"_ _3\"></span>o un mayor res<span class=\"_ _3\"></span>ultado del eje<span class=\"_ _3\"></span>rcicio.<span class=\"_ _65\"> </span>El fondo de come<span class=\"_ _3\"></span>rcio resultante d<span class=\"_ _3\"></span>e una combinaci\u00f3n d<span class=\"_ _3\"></span>e negocios<span class=\"_ _3\"></span> se asigna a<span class=\"_ _3\"></span> cada una d<span class=\"_ _3\"></span>e las UGE o Grupos de UGE que se espera s<span class=\"_ _3\"></span>e vayan a b<span class=\"_ _3\"></span>eneficiar de las s<span class=\"_ _3\"></span>inergias de la combinaci\u00f3n<span class=\"_ _3\"></span>.  Los <span class=\"_ _3\"></span>fondo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _f\"></span>cuando <span class=\"_ _3\"></span>han <span class=\"_ _f\"></span>sido <span class=\"_ _3\"></span>adquiridos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>t\u00edtulo <span class=\"_ _3\"></span>oneroso <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>amortizan<span class=\"_ _3\"></span>. En <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>lugar, <span class=\"_ _f\"></span>son <span class=\"_ _0\"></span>revisados <span class=\"_ _f\"></span>anualmente <span class=\"_ _0\"></span>mediante <span class=\"_ _f\"></span>es<span class=\"_ _3\"></span>tudios <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>exis<span class=\"_ _3\"></span>ta <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r asignado <span class=\"_ _3\"></span>inicialmente, <span class=\"_ _3\"></span>recono<span class=\"_ _3\"></span>ci\u00e9ndose <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _f\"></span>por el <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>recuperable <span class=\"_ _3\"></span>es in<span class=\"_ _3\"></span>ferior al <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>asignado <span class=\"_ _3\"></span>inicialmente. <span class=\"_ _3\"></span>Una <span class=\"_ _3\"></span>vez <span class=\"_ _f\"></span>reconocida <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r d<span class=\"_ _3\"></span>eterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>fondo de <span class=\"_ _3\"></span>comercio, <span class=\"_ _3\"></span>\u00e9sta<span class=\"_ _3\"></span> no revierte en <span class=\"_ _2\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _2\"></span>ealizadas de forma interna y se ofre<span class=\"_ _2\"></span>cen detalles sobre la metodolog\u00eda d<span class=\"_ _3\"></span>e c\u00e1lculo aplicada <span class=\"_ _3\"></span>en la Nota 3.5.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>fondo de <span class=\"_ _d\"></span>comercio no <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>amortiza y <span class=\"_ _d\"></span>se revisa <span class=\"_ _2\"></span>anualmente para <span class=\"_ _d\"></span>an<span class=\"_ _3\"></span>alizar <span class=\"_ _2\"></span>las posibles <span class=\"_ _2\"></span>p\u00e9rdidas <span class=\"_ _2\"></span>por deterioro de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor, <span class=\"_ _f\"></span>registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidado <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _f\"></span>las p\u00e9rdidas po<span class=\"_ _3\"></span>r deterioro acumulada.<span class=\"_ _65\"> </span>3.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Otros activos intangib<span class=\"_ _2\"></span>les </span>Los <span class=\"_ _10\"> </span>derechos <span class=\"_ _10\"> </span>incluidos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>este <span class=\"_ _0\"></span>ep\u00edgraf<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Situaci\u00f3n <span class=\"_ _10\"> </span>Financiera, <span class=\"_ _10\"> </span>prin<span class=\"_ _3\"></span>cipalmente <span class=\"_ _10\"> </span>aplicaciones<span class=\"_ _3\"></span> inform\u00e1ticas, gastos <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>desarrollo, <span class=\"_ _2\"></span>y permisos <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>licencias <span class=\"_ _2\"></span>para la <span class=\"_ _d\"></span>generaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica, se <span class=\"_ _d\"></span>registran inicialmente <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducci\u00f3n. <span class=\"_ _f\"></span>Tras <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>reconocimiento <span class=\"_ _f\"></span>inicial, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>valoran <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>de adquisici\u00f3n, <span class=\"_ _f\"></span>deducida<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>amortizaci\u00f3n <span class=\"_ _f\"></span>acumulada <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cualquier <span class=\"_ _f\"></span>p\u00e9rdida <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>(v\u00e9as<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>Not<span class=\"_ _3\"></span><span class=\"ls1c\">a </span>3.5).  Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _2\"></span>definida y se amortizan siguiendo <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>lineal <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida <span class=\"_ _f\"></span>\u00fatil <span class=\"_ _f\"></span>estimada, <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>iderando <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>periodo <span class=\"_ _f\"></span>durante <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>cual <span class=\"_ _f\"></span>se prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _3\"></span>s.<span class=\"_ _65\"> </span>Gastos de I+D - Los gastos d<span class=\"_ _3\"></span>e investigaci\u00f3n se reconocen como gasto<span class=\"_ _3\"></span> en el ejercicio en el qu<span class=\"_ _3\"></span>e incurre en ellos. <span class=\"_ _f\"></span> Por <span class=\"_ _13\"> </span>su <span class=\"_ _13\"> </span>parte, <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>desarrollo, <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>cluyen <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>desarrollo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>nuevo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>proyectos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>negocio, <span class=\"_ _13\"> </span>se reconocen como <span class=\"_ _3\"></span>activo cu<span class=\"_ _3\"></span>ando s<span class=\"_ _3\"></span>u coste <span class=\"_ _3\"></span>es identificable <span class=\"_ _3\"></span>por proyecto, <span class=\"_ _3\"></span>y es p<span class=\"_ _3\"></span>robable que el <span class=\"_ _3\"></span>proyecto vay<span class=\"_ _3\"></span>a a tener <span class=\"_ _f\"></span>\u00e9xito <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>t\u00e9cnico <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>gastos <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _f\"></span>requis<span class=\"_ _3\"></span>itos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _f\"></span>un gasto en el ejercicio en q<span class=\"_ _3\"></span>ue se incurren.<span class=\"_ _3\"></span> Estos <span class=\"_ _10\"></span>costes <span class=\"_ _f\"></span>capita<span class=\"_ _3\"></span>lizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>linealmente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _10\"></span>a\u00f1os, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _3\"></span>i este plazo es su<span class=\"_ _3\"></span>perior, con el l\u00edmite de 10 a\u00f1os.<span class=\"_ _65\"> </span>Aplicaciones inform\u00e1tic<span class=\"_ _3\"></span>as- El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>de adqu<span class=\"_ _3\"></span>isici\u00f3n de <span class=\"_ _3\"></span>programas<span class=\"_ _3\"></span> in<span class=\"_ _3\"></span>form\u00e1ticos, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>el cos<span class=\"_ _3\"></span>te d<span class=\"_ _3\"></span>e licencias con <span class=\"_ _3\"></span>vigencia p<span class=\"_ _3\"></span>lurianual. <span class=\"_ _3\"></span>Asimismo, se <span class=\"_ _3\"></span>reconocen c<span class=\"_ _3\"></span>omo activos<span class=\"_ _3\"></span> intangibles<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>costes directament<span class=\"_ _3\"></span>e relacionados <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>progra<span class=\"_ _3\"></span>mas <span class=\"_ _0\"></span>inform\u00e1ticos<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>sea <span class=\"_ _0\"></span>clara<span class=\"_ _3\"></span>mente identificable <span class=\"_ _d\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _d\"></span>proyecto, <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>sea <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>robable <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>vayan <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>generar <span class=\"_ _2\"></span>beneficios <span class=\"_ _d\"></span>econ\u00f3m<span class=\"_ _3\"></span>icos <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>futuro <span class=\"_ _d\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Grupo. El resto de los costes internos y <span class=\"_ _2\"></span>externos asociados<span class=\"_ _3\"></span> al mantenimie<span class=\"_ _2\"></span>nto y desarrollo de s<span class=\"_ _3\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _3\"></span>ue se incurren.<span class=\"_ _3\"></span> La amortizaci\u00f3n <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>aplicaci<span class=\"_ _3\"></span>ones inform\u00e1ticas <span class=\"_ _2\"></span>se realiza aplicando el <span class=\"_ _d\"></span>m<span class=\"_ _3\"></span>\u00e9todo lineal <span class=\"_ _2\"></span>durante un per\u00edodo de 5 a\u00f1os, a co<span class=\"_ _3\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"_ _3\"></span> de cada programa.<span class=\"_ _65\"> </span>Derechos de ge<span class=\"_ _3\"></span>neraci\u00f3n de energ\u00eda el\u00e9ctrica<span class=\"_ _3\"></span>- Los <span class=\"_ _10\"></span>permisos <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>lice<span class=\"_ _2\"></span>ncias <span class=\"_ _10\"> </span>que <span class=\"_ _0\"></span>permiten <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>instalaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ge<span class=\"_ _2\"></span>neraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _10\"></span>operar <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"_ _2\"></span>Real Decreto 413/2014, de 6 de <span class=\"_ _2\"></span>junio, por el que <span class=\"_ _2\"></span>se regula la actividad de<span class=\"_ _2\"></span> producci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>energ\u00eda <span class=\"_ _10\"> </span>el<span class=\"_ _3\"></span>\u00e9ctrica <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>partir <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>fuentes <span class=\"_ _10\"> </span>de  energ\u00eda <span class=\"_ _10\"> </span>renov<span class=\"_ _f\"></span>able, <span class=\"_ _13\"> </span>cogeneraci\u00f3n <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>residuos, <span class=\"_ _13\"> </span>se<span class=\"_ _2\"></span> registran <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n, <span class=\"_ _f\"></span>o b<span class=\"_ _3\"></span>ien, <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>incurrid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obtenci\u00f3n, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>amortizan <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los a\u00f1os de vida \u00fatil regulatoria de las instalaciones de generaci\u00f3n de energ\u00eda renovable en<span class=\"_ _3\"></span> las que se utilizan si dicha <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>limitada <span class=\"_ _0\"></span>regulatoriamente, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>prev\u00e9 <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>instalaci\u00f3n titular genere beneficios par<span class=\"_ _3\"></span>a el Grupo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "3.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Otros activos intangib<span class=\"_ _2\"></span>les </span>Los <span class=\"_ _10\"> </span>derechos <span class=\"_ _10\"> </span>incluidos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>este <span class=\"_ _0\"></span>ep\u00edgraf<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Situaci\u00f3n <span class=\"_ _10\"> </span>Financiera, <span class=\"_ _10\"> </span>prin<span class=\"_ _3\"></span>cipalmente <span class=\"_ _10\"> </span>aplicaciones<span class=\"_ _3\"></span> inform\u00e1ticas, gastos <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>desarrollo, <span class=\"_ _2\"></span>y permisos <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>licencias <span class=\"_ _2\"></span>para la <span class=\"_ _d\"></span>generaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica, se <span class=\"_ _d\"></span>registran inicialmente <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducci\u00f3n. <span class=\"_ _f\"></span>Tras <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>reconocimiento <span class=\"_ _f\"></span>inicial, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>valoran <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>de adquisici\u00f3n, <span class=\"_ _f\"></span>deducida<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>amortizaci\u00f3n <span class=\"_ _f\"></span>acumulada <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cualquier <span class=\"_ _f\"></span>p\u00e9rdida <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>(v\u00e9as<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>Not<span class=\"_ _3\"></span><span class=\"ls1c\">a </span>3.5).  Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _2\"></span>definida y se amortizan siguiendo <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>lineal <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida <span class=\"_ _f\"></span>\u00fatil <span class=\"_ _f\"></span>estimada, <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>iderando <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>periodo <span class=\"_ _f\"></span>durante <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>cual <span class=\"_ _f\"></span>se prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _3\"></span>s.<span class=\"_ _65\"> </span>Gastos de I+D - Los gastos d<span class=\"_ _3\"></span>e investigaci\u00f3n se reconocen como gasto<span class=\"_ _3\"></span> en el ejercicio en el qu<span class=\"_ _3\"></span>e incurre en ellos. <span class=\"_ _f\"></span> Por <span class=\"_ _13\"> </span>su <span class=\"_ _13\"> </span>parte, <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>desarrollo, <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>cluyen <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>desarrollo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>nuevo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>proyectos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>negocio, <span class=\"_ _13\"> </span>se reconocen como <span class=\"_ _3\"></span>activo cu<span class=\"_ _3\"></span>ando s<span class=\"_ _3\"></span>u coste <span class=\"_ _3\"></span>es identificable <span class=\"_ _3\"></span>por proyecto, <span class=\"_ _3\"></span>y es p<span class=\"_ _3\"></span>robable que el <span class=\"_ _3\"></span>proyecto vay<span class=\"_ _3\"></span>a a tener <span class=\"_ _f\"></span>\u00e9xito <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>t\u00e9cnico <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>gastos <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _f\"></span>requis<span class=\"_ _3\"></span>itos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _f\"></span>un gasto en el ejercicio en q<span class=\"_ _3\"></span>ue se incurren.<span class=\"_ _3\"></span> Estos <span class=\"_ _10\"></span>costes <span class=\"_ _f\"></span>capita<span class=\"_ _3\"></span>lizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>linealmente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _10\"></span>a\u00f1os, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _3\"></span>i este plazo es su<span class=\"_ _3\"></span>perior, con el l\u00edmite de 10 a\u00f1os.<span class=\"_ _65\"> </span>Aplicaciones inform\u00e1tic<span class=\"_ _3\"></span>as- El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>de adqu<span class=\"_ _3\"></span>isici\u00f3n de <span class=\"_ _3\"></span>programas<span class=\"_ _3\"></span> in<span class=\"_ _3\"></span>form\u00e1ticos, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>el cos<span class=\"_ _3\"></span>te d<span class=\"_ _3\"></span>e licencias con <span class=\"_ _3\"></span>vigencia p<span class=\"_ _3\"></span>lurianual. <span class=\"_ _3\"></span>Asimismo, se <span class=\"_ _3\"></span>reconocen c<span class=\"_ _3\"></span>omo activos<span class=\"_ _3\"></span> intangibles<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>costes directament<span class=\"_ _3\"></span>e relacionados <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>progra<span class=\"_ _3\"></span>mas <span class=\"_ _0\"></span>inform\u00e1ticos<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>sea <span class=\"_ _0\"></span>clara<span class=\"_ _3\"></span>mente identificable <span class=\"_ _d\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _d\"></span>proyecto, <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>sea <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>robable <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>vayan <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>generar <span class=\"_ _2\"></span>beneficios <span class=\"_ _d\"></span>econ\u00f3m<span class=\"_ _3\"></span>icos <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>futuro <span class=\"_ _d\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Grupo. El resto de los costes internos y <span class=\"_ _2\"></span>externos asociados<span class=\"_ _3\"></span> al mantenimie<span class=\"_ _2\"></span>nto y desarrollo de s<span class=\"_ _3\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _3\"></span>ue se incurren.<span class=\"_ _3\"></span> La amortizaci\u00f3n <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>aplicaci<span class=\"_ _3\"></span>ones inform\u00e1ticas <span class=\"_ _2\"></span>se realiza aplicando el <span class=\"_ _d\"></span>m<span class=\"_ _3\"></span>\u00e9todo lineal <span class=\"_ _2\"></span>durante un per\u00edodo de 5 a\u00f1os, a co<span class=\"_ _3\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"_ _3\"></span> de cada programa.<span class=\"_ _65\"> </span>Derechos de ge<span class=\"_ _3\"></span>neraci\u00f3n de energ\u00eda el\u00e9ctrica<span class=\"_ _3\"></span>- Los <span class=\"_ _10\"></span>permisos <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>lice<span class=\"_ _2\"></span>ncias <span class=\"_ _10\"> </span>que <span class=\"_ _0\"></span>permiten <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>instalaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ge<span class=\"_ _2\"></span>neraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _10\"></span>operar <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"_ _2\"></span>Real Decreto 413/2014, de 6 de <span class=\"_ _2\"></span>junio, por el que <span class=\"_ _2\"></span>se regula la actividad de<span class=\"_ _2\"></span> producci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>energ\u00eda <span class=\"_ _10\"> </span>el<span class=\"_ _3\"></span>\u00e9ctrica <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>partir <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>fuentes <span class=\"_ _10\"> </span>de  energ\u00eda <span class=\"_ _10\"> </span>renov<span class=\"_ _f\"></span>able, <span class=\"_ _13\"> </span>cogeneraci\u00f3n <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>residuos, <span class=\"_ _13\"> </span>se<span class=\"_ _2\"></span> registran <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n, <span class=\"_ _f\"></span>o b<span class=\"_ _3\"></span>ien, <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>incurrid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obtenci\u00f3n, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>amortizan <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los a\u00f1os de vida \u00fatil regulatoria de las instalaciones de generaci\u00f3n de energ\u00eda renovable en<span class=\"_ _3\"></span> las que se utilizan si dicha <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>limitada <span class=\"_ _0\"></span>regulatoriamente, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>prev\u00e9 <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>instalaci\u00f3n titular genere beneficios par<span class=\"_ _3\"></span>a el Grupo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _2\"></span>definida y se amortizan siguiendo <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _f\"></span>lineal <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida <span class=\"_ _f\"></span>\u00fatil <span class=\"_ _f\"></span>estimada, <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>iderando <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>periodo <span class=\"_ _f\"></span>durante <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>cual <span class=\"_ _f\"></span>se prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _3\"></span>s.<span class=\"_ _65\"> </span>Amortizaciones y de<span class=\"_ _3\"></span>terioros Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>20<span class=\"_ _3\"></span><span class=\"ls10\">25</span> <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _0\"></span>material <span class=\"_ _0\"></span>siguiend<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>lineal, distribuyend<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>coste <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>entre <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>a\u00f1os <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>vida <span class=\"_ _2\"></span>\u00fatil <span class=\"_ _d\"></span>estimad<span class=\"_ _3\"></span>a, <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>acuerdo con <span class=\"_ _d\"></span>el siguiente <span class=\"_ _d\"></span>detalle:<table class=\"s w2bb h16b\" id=\"_0f670338-3a6e-4d91-a405-efb61a439ccc\"><tr><td></td><td></td><td class=\"c x209 yfe7 w31 h57\"><div class=\"t_1 m0_1 x1a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td></tr><tr><td></td><td class=\"c x209 yfe8 w32 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Porcentaje </div></td><td class=\"c x20a yfe8 w33 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1os de Vida </div></td></tr><tr><td></td><td class=\"c x209 yfe9 w32 h5a\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n </div></td><td class=\"c x20a yfe9 w33 h5a\"><div class=\"t_1 m0_1 x56 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u00datil Estimada </div></td></tr><tr><td class=\"c x20b yfea w30 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x209 yfea w32 h5c\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfea w33 h5c\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yfeb w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas </div></td><td></td><td></td></tr><tr><td class=\"c x20b yfec w30 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plantas de generaci\u00f3n con biomasa </div></td><td class=\"c x209 yfec w32 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">4%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfec w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yfed w30 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras instalaciones </div></td><td class=\"c x209 yfed w32 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5%<span class=\"ls0_1\">-8,3%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfed w33 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x20b yfee w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Maquinaria </div></td><td class=\"c x209 yfee w32 h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5%<span class=\"ls0_1\">-12,5%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfee w33 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x20b yfef w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Utillaje y mobiliario </div></td><td class=\"c x209 yfef w32 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8,3%-12,5% </div></td><td class=\"c x20a yfef w33 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">12</span> </div></td></tr><tr><td class=\"c x20b yff0 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Equipos procesos de informaci\u00f3n </div></td><td class=\"c x209 yff0 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff0 w33 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5 </div></td></tr><tr><td class=\"c x20b yff1 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Elementos transporte </div></td><td class=\"c x209 yff1 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff1 w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yff2 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado material </div></td><td class=\"c x209 yff2 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff2 w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\"> </span></div></td></tr></table>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>revisa <span class=\"_ _3\"></span>peri\u00f3dicamente <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>residual, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>vida <span class=\"_ _3\"></span>\u00fatil <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _f\"></span>del in<span class=\"_ _3\"></span>movilizado material. <span class=\"_ _f\"></span>La<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>modificaciones<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _10\"></span>establecidos <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>reconoc<span class=\"_ _3\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> estimaci\u00f3n. Los <span class=\"_ _16\"> </span>terrenos <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>registran <span class=\"_ _16\"> </span>de  forma <span class=\"_ _16\"> </span>independiente <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>edificios <span class=\"_ _16\"> </span>o <span class=\"_ _16\"> </span>instalaciones <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>puedan <span class=\"_ _16\"> </span>estar asentadas sob<span class=\"_ _3\"></span>re los mismos y se entiende que tienen una vida \u00fa<span class=\"_ _3\"></span>til indefinida y, por tanto, no son objeto de amortizaci\u00f3n.<span class=\"_ _3\"></span> Con <span class=\"_ _15\"> </span>car\u00e1cter <span class=\"_ _17\"> </span>general, <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>edificaciones <span class=\"_ _17\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>terrenos <span class=\"_ _17\"> </span>cedidos<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen concesional <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>\u201cConstrucciones\u201d<span class=\"_ _3\"></span>. Dicho<span class=\"_ _3\"></span> cos<span class=\"_ _3\"></span>te, <span class=\"_ _3\"></span>junto <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el del <span class=\"_ _3\"></span>resto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>instalaciones fijas <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>bicadas <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>terrenos <span class=\"_ _3\"></span>concesionados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>mortiza <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>\u00fatil, <span class=\"_ _3\"></span>estableci\u00e9ndose <span class=\"_ _f\"></span>como l\u00edmite el periodo restante d<span class=\"_ _3\"></span>e vigencia de la concesi\u00f3n. <span class=\"_ _f\"></span> En <span class=\"_ _3\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _3\"></span>Renovables, <span class=\"_ _f\"></span>la regulaci\u00f3n <span class=\"_ _f\"></span>establece u<span class=\"_ _3\"></span>na <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>regulatoria <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>operativos <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>depende de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>tecnolog\u00eda, <span class=\"_ _f\"></span>siendo <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>actualmente <span class=\"_ _f\"></span>establecida <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>25 <span class=\"_ _f\"></span>a\u00f1os<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biomasa. <span class=\"_ _f\"></span>La<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>vida regulatoria <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>dura<span class=\"_ _3\"></span>nte <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cual <span class=\"_ _2\"></span>la instalaci\u00f3n <span class=\"_ _2\"></span>va a <span class=\"_ _d\"></span>tener <span class=\"_ _2\"></span>derecho a <span class=\"_ _d\"></span>pertenecer al <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>\u00e9gimen <span class=\"_ _2\"></span>retributivo establecido <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>normativa <span class=\"_ _10\"> </span>energ\u00e9tica <span class=\"_ _10\"> </span>y, <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>tanto, <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>obtener <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>beneficios <span class=\"_ _10\"></span>econ\u00f3micos <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>apliquen (retribuciones <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>inversi\u00f3n <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>operaci\u00f3n m<span class=\"_ _3\"></span>ediante el <span class=\"_ _3\"></span>mecanismo <span class=\"_ _3\"></span>de r<span class=\"_ _3\"></span>etribuci\u00f3n m\u00edn<span class=\"_ _f\"></span>ima esta<span class=\"_ _3\"></span>blecida <span class=\"_ _3\"></span>en el <span class=\"_ _f\"></span>mismo). <span class=\"_ _3\"></span>En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>vinculados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>estas <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>amortizan <span class=\"_ _f\"></span>considerando <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida<span class=\"_ _2\"></span> \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos<span class=\"_ _3\"></span> m\u00e1s all\u00e1 de su vida <span class=\"_ _3\"></span>regulatoria.<span class=\"_ _65\"> </span>Las s<span class=\"_ _3\"></span>ociedades del Gru<span class=\"_ _3\"></span>po eval\u00faan <span class=\"_ _3\"></span>peri\u00f3dicamente, y<span class=\"_ _3\"></span> al <span class=\"_ _3\"></span>menos al <span class=\"_ _3\"></span>cierre de cada <span class=\"_ _3\"></span>ejercicio, s<span class=\"_ _3\"></span>i existen <span class=\"_ _3\"></span>indicios de <span class=\"_ _3\"></span>deterioro d<span class=\"_ _3\"></span>e alg\u00fa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>activo <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>conjunto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>inmovilizado <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>objeto<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e pro<span class=\"_ _3\"></span>ceder en <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cas<span class=\"_ _3\"></span>o, <span class=\"_ _3\"></span>tal como <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>indica <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>apartado <span class=\"_ _f\"></span>3.5 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>presente <span class=\"_ _3\"></span>nota<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>deterioro <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>reversi\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>mismo <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>ajustar <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u valor <span class=\"_ _10\"></span>neto <span class=\"_ _10\"></span>contable <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>su <span class=\"_ _10\"> </span>valor <span class=\"_ _10\"></span>recuperable, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>in <span class=\"_ _10\"></span>superar <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ning\u00fan <span class=\"_ _10\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>los <span class=\"_ _10\"></span>deterioros previos <span class=\"_ _13\"> </span>realizados. <span class=\"_ _10\"> </span>Lo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>deterioros <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>valor <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>reconocen, <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>cargo <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>ep\u00edgra<span class=\"_ _3\"></span>fe <span class=\"_ _13\"> </span><span class=\"ff6\">\u201cDeter</span>ioro<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valor <span class=\"_ _13\"> </span>y re<span class=\"ff6 ls0_1\">sultados p<span class=\"_ _3\"></span>or enajenaci\u00f3n de inmovilizado\u201d.<span class=\"_ _65\"> </span></span>En e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>momento <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>recolecci\u00f3n del <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>uelo <span class=\"_ _2\"></span>forestal <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>reduce <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>activo <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>trav\u00e9s de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cuenta \u201cActivos biol\u00f3gicos <span class=\"_ _f\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ff6\">agotamiento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>erva <span class=\"_ _3\"></span>forestal\u201d <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconoce <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>gasto <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cAgotamiento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la </span>reserva forestal\u201d del Estado <span class=\"_ _2\"></span>de Result<span class=\"ff3\">ado consolidado por el coste incurrido en<span class=\"_ _2\"></span> su producci\u00f3n. La cuant\u00eda <span class=\"_ _2\"></span>de </span>dicha <span class=\"_ _2\"></span>reducci\u00f3n <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>corresp<span class=\"_ _3\"></span>onde <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>100% <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>turn<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>incu<span class=\"_ _3\"></span>rridos, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>parte <span class=\"_ _d\"></span>prop<span class=\"_ _3\"></span>orcional de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes <span class=\"_ _f\"></span>de ciclo, <span class=\"_ _3\"></span>estimad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>turnos <span class=\"_ _f\"></span>previstos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ciclo. As<span class=\"_ _3\"></span>imismo, <span class=\"_ _3\"></span>cuando el <span class=\"_ _0\"></span>vuelo <span class=\"_ _10\"></span>forestal <span class=\"_ _0\"></span>llega <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>final <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>ciclo <span class=\"_ _0\"></span>productiv<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>baj<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>\u00edntegramente <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _10\"> </span>del <span class=\"_ _0\"></span>activo <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>su agotamiento forestal acumula<span class=\"_ _3\"></span>do.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "Gastos de I+D - Los gastos d<span class=\"_ _3\"></span>e investigaci\u00f3n se reconocen como gasto<span class=\"_ _3\"></span> en el ejercicio en el qu<span class=\"_ _3\"></span>e incurre en ellos. <span class=\"_ _f\"></span> Por <span class=\"_ _13\"> </span>su <span class=\"_ _13\"> </span>parte, <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>desarrollo, <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>cluyen <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>desarrollo <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>nuevo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>proyectos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>negocio, <span class=\"_ _13\"> </span>se reconocen como <span class=\"_ _3\"></span>activo cu<span class=\"_ _3\"></span>ando s<span class=\"_ _3\"></span>u coste <span class=\"_ _3\"></span>es identificable <span class=\"_ _3\"></span>por proyecto, <span class=\"_ _3\"></span>y es p<span class=\"_ _3\"></span>robable que el <span class=\"_ _3\"></span>proyecto vay<span class=\"_ _3\"></span>a a tener <span class=\"_ _f\"></span>\u00e9xito <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>t\u00e9cnico <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>gastos <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _f\"></span>requis<span class=\"_ _3\"></span>itos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _f\"></span>un gasto en el ejercicio en q<span class=\"_ _3\"></span>ue se incurren.<span class=\"_ _3\"></span> Estos <span class=\"_ _10\"></span>costes <span class=\"_ _f\"></span>capita<span class=\"_ _3\"></span>lizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>linealmente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _10\"></span>a\u00f1os, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _3\"></span>i este plazo es su<span class=\"_ _3\"></span>perior, con el l\u00edmite de 10 a\u00f1os.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "Aplicaciones inform\u00e1tic<span class=\"_ _3\"></span>as- El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>registra <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>de adqu<span class=\"_ _3\"></span>isici\u00f3n de <span class=\"_ _3\"></span>programas<span class=\"_ _3\"></span> in<span class=\"_ _3\"></span>form\u00e1ticos, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>el cos<span class=\"_ _3\"></span>te d<span class=\"_ _3\"></span>e licencias con <span class=\"_ _3\"></span>vigencia p<span class=\"_ _3\"></span>lurianual. <span class=\"_ _3\"></span>Asimismo, se <span class=\"_ _3\"></span>reconocen c<span class=\"_ _3\"></span>omo activos<span class=\"_ _3\"></span> intangibles<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>costes directament<span class=\"_ _3\"></span>e relacionados <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>progra<span class=\"_ _3\"></span>mas <span class=\"_ _0\"></span>inform\u00e1ticos<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _0\"></span>sea <span class=\"_ _0\"></span>clara<span class=\"_ _3\"></span>mente identificable <span class=\"_ _d\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _d\"></span>proyecto, <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>sea <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>robable <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>vayan <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>generar <span class=\"_ _2\"></span>beneficios <span class=\"_ _d\"></span>econ\u00f3m<span class=\"_ _3\"></span>icos <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>futuro <span class=\"_ _d\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Grupo. El resto de los costes internos y <span class=\"_ _2\"></span>externos asociados<span class=\"_ _3\"></span> al mantenimie<span class=\"_ _2\"></span>nto y desarrollo de s<span class=\"_ _3\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _3\"></span>ue se incurren.<span class=\"_ _3\"></span> La amortizaci\u00f3n <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>aplicaci<span class=\"_ _3\"></span>ones inform\u00e1ticas <span class=\"_ _2\"></span>se realiza aplicando el <span class=\"_ _d\"></span>m<span class=\"_ _3\"></span>\u00e9todo lineal <span class=\"_ _2\"></span>durante un per\u00edodo de 5 a\u00f1os, a co<span class=\"_ _3\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"_ _3\"></span> de cada programa.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProgrammingAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "3.3<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Propiedad, planta y equip<span class=\"_ _2\"></span>o </span>Estos <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>valoran <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>precio de <span class=\"_ _3\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducci\u00f3n, <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>educidas <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>amortizaciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>los deterioros de valor, si los<span class=\"_ _2\"></span> hubiera (v\u00e9ase Nota 3.5). <span class=\"_ _2\"></span>El coste <span class=\"_ _2\"></span>de adquisici\u00f3n incluye, en su <span class=\"_ _2\"></span>caso, los siguientes conceptos:<span class=\"_ _65\"> </span> s<span class=\"_ _3\"></span>uperior a 1 <span class=\"_ _10\"></span>a\u00f1o, <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>relativos <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>atribuible <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>activo <span class=\"_ _10\"></span>productivo. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>tasa <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>utilizad<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>la correspondiente <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>existir, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>tasa <span class=\"_ _0\"></span>media <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>financiaci<span class=\"_ _3\"></span>\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _65\"> </span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Los <span class=\"_ _10\"></span>trabajos <span class=\"_ _0\"></span>realizados <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>propio <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _10\"></span>material<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>coste </span></span>acumulado <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resulta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>a\u00f1adir <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>externos <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _0\"></span>internos, <span class=\"_ _f\"></span>principa<span class=\"_ _3\"></span>lmente <span class=\"_ _f\"></span>costes<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de personal, materiales de a<span class=\"_ _3\"></span>lmac\u00e9n y otros<span class=\"_ _3\"></span> costes operativos.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _f\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>est\u00e9 <span class=\"_ _3\"></span>obligado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>desmantelar <span class=\"_ _f\"></span>sus <span class=\"_ _3\"></span>ins<span class=\"_ _3\"></span>talaciones <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>rehabilitar <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>lu<span class=\"_ _3\"></span>gar <span class=\"_ _3\"></span>do<span class=\"_ _3\"></span>nde <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e </span></span>asientan, <span class=\"_ _13\"> </span>el <span class=\"_ _0\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _10\"> </span>estimado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>dichos <span class=\"_ _13\"> </span>costes <span class=\"_ _10\"></span>se <span class=\"_ _10\"> </span>incorpora <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>valor <span class=\"_ _13\"> </span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>libros <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>activo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _10\"> </span>valor presente, <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>abono <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _13\"> </span>\u201cProvisiones\u201d  del <span class=\"_ _10\"> </span>Est<span class=\"_ _3\"></span><span class=\"ff3\">ado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Situaci\u00f3n <span class=\"_ _13\"> </span>Financiera <span class=\"_ _10\"> </span>cons<span class=\"_ _3\"></span>olidado. <span class=\"_ _13\"> </span>Los </span><div class=\"c w3_1 h3d gs2e\"><div class=\"t_1 m0_1 x64 h2_1 y181 ff1_1 fs0_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6e hb y182 ff5 fs4 fc0_1 sc0_1 ls1 ws0_1\">17<span class=\"ls0_1\"> </span></div><div class=\"t_1 m0_1 x39 h8_1 y183 ff5 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">www.ence.es<span class=\"ff2 fs3 fc4\"> </span></div><div class=\"t_1 m0_1 x66 hb y184 ff5 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c w28 h3f gs2f\"><div class=\"t_1 m0_1 xf h40 y186 ff2 fs6 fc2 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 </div></div><div class=\"c w3_1 h3d gs2e\"><div class=\"t_1 m0_1 x68 h7_1 y1d2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">cambios <span class=\"_ _3\"></span>pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>evaluaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>obligaciones <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>desmantelamiento <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>a\u00f1aden <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>deducen </div><div class=\"t_1 m0_1 x68 h7_1 y2f5 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">del valor neto conta<span class=\"_ _3\"></span>ble del activo correspon<span class=\"_ _3\"></span>diente en el periodo en<span class=\"_ _3\"></span> el que se produ<span class=\"_ _3\"></span>cen. <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x68 h7_1 y2f6 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">A este respecto, \u00fanicamente se <span class=\"_ _2\"></span>estima que se incurrir\u00e1 en <span class=\"_ _2\"></span>este tipo de costes en re<span class=\"_ _2\"></span>laci\u00f3n a la biof\u00e1brica </div><div class=\"t_1 m0_1 x68 h7_1 y2f7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _16\"> </span>Pontevedra <span class=\"_ _16\"> </span>asentad<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>en  terreno<span class=\"_ _3\"></span>s <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>dominio <span class=\"_ _16\"> </span>p\u00fablico <span class=\"_ _16\"> </span>dispo<span class=\"_ _3\"></span>nibles <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>trav\u00e9s <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>una <span class=\"_ _16\"> </span>concesi\u00f3n </div><div class=\"t_1 m0_1 x68 h7_1 y2f8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">administrativa,<span class=\"_ _3\"></span>  ya  que,  seg\u00fan  los  t\u00e9rminos<span class=\"_ _3\"></span>  de  otorgamiento  de  la  concesi\u00f3n  ad<span class=\"_ _3\"></span>ministrativa,  a  su </div><div class=\"t_1 m0_1 x68 h7_1 y2f9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">vencimiento, las instalaciones construid<span class=\"_ _3\"></span>as sobre el <span class=\"_ _2\"></span>terreno revertir\u00e1n al Estad<span class=\"_ _3\"></span>o o bien \u00e9<span class=\"_ _2\"></span>ste requerir\u00e1 su </div><div class=\"t_1 m0_1 x68 h7_1 y2fa ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">desmantelamiento.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y2fb ffa fs3 fc7 sc0_1 ls0_1 ws0_1\">\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Con anterioridad a<span class=\"_ _3\"></span> la fecha de tran<span class=\"_ _3\"></span>sici\u00f3n a la normativ<span class=\"_ _3\"></span>a contable internacional (1 d<span class=\"_ _3\"></span>e enero de 2004), el </span></span></div><div class=\"t_1 m0_1 x68 h7_1 y2fc ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>actualiz\u00f3<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _3\"></span>terrenos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>registrad<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cProp<span class=\"_ _3\"></span>iedad, <span class=\"_ _f\"></span>planta <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>equipo\u201d </div><div class=\"t_1 m0_1 x68 h7_1 y2fd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">del Estado de <span class=\"_ _d\"></span>Situ<span class=\"_ _3\"></span>aci\u00f3n Financiera <span class=\"_ _2\"></span>consolidado a su valor <span class=\"_ _2\"></span>de me<span class=\"_ _2\"></span>rcado en ese <span class=\"_ _2\"></span>momento (v\u00e9ase Nota 16),<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x68 h7_1 y2fe ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">habi\u00e9ndose  considerado <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>importe <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>dicha<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>actualizaci\u00f3n <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>arte <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>coste  de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x68 h7_1 y2ff ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">acuerdo con lo esta<span class=\"_ _3\"></span>blecido por la NIIF 1.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y300 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _13\"> </span>costes <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>ampliaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _10\"> </span>moderniza<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>me<span class=\"_ _2\"></span>joras <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>representan<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>aumento  de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>productividad, </div><div class=\"t_1 m0_1 x6d h7_1 y301 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">capacidad, <span class=\"_ _3\"></span>eficiencia o <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>alargamiento <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>vida <span class=\"_ _3\"></span>\u00fatil d<span class=\"_ _3\"></span>e los <span class=\"_ _3\"></span>bienes <span class=\"_ _3\"></span>se capitalizan<span class=\"_ _3\"></span> como <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ayor cos<span class=\"_ _3\"></span>te de los<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y302 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">correspondientes activos. <span class=\"_ _2\"></span>Forman <span class=\"_ _d\"></span>igualm<span class=\"_ _3\"></span>ente <span class=\"_ _d\"></span>par<span class=\"_ _3\"></span>te <span class=\"_ _d\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _d\"></span>inm<span class=\"_ _3\"></span>ovilizado <span class=\"_ _2\"></span>material <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _2\"></span>efectuadas <span class=\"_ _2\"></span>con </div><div class=\"t_1 m0_1 x6d h7_1 y303 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"_ _f\"></span>fin <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>minimizar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>impacto <span class=\"_ _f\"></span>ambienta<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>mejorar <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rotecci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>medio <span class=\"_ _f\"></span>ambiente. </div><div class=\"t_1 m0_1 x6d h7_1 y197 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _10\"></span>sigue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>trasp<span class=\"_ _3\"></span>asar <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>obra <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>curso <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>inm<span class=\"_ _2\"></span>ovilizado <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _10\"></span>fi<span class=\"_ _3\"></span>nalizado<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el </div><div class=\"t_1 m0_1 x6d h7_1 y304 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">correspondiente periodo<span class=\"_ _3\"></span> de prueba.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y305 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Por su parte, los gastos de <span class=\"_ _2\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"_ _2\"></span>se cargan al Estado </div><div class=\"t_1 m0_1 x6d h7_1 y306 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de Resultado cons<span class=\"_ _3\"></span>olidado.  </div><div class=\"t_1 m0_1 x6d h7_1 y307 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Las s<span class=\"_ _3\"></span>ustituciones <span class=\"_ _3\"></span>de elemento<span class=\"_ _3\"></span>s del <span class=\"_ _3\"></span>inmovilizado <span class=\"_ _3\"></span>material su<span class=\"_ _3\"></span>sceptibles <span class=\"_ _3\"></span>de capitalizaci\u00f3n<span class=\"_ _3\"></span> supo<span class=\"_ _3\"></span>nen la <span class=\"_ _3\"></span>baja d<span class=\"_ _3\"></span>el </div><div class=\"t_1 m0_1 x6d h7_1 y308 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">valor  contable  de  los  elementos<span class=\"_ _3\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos </div><div class=\"t_1 m0_1 x6d h7_1 y2ca ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">sustituid<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>haya <span class=\"_ _0\"></span>sido <span class=\"_ _10\"></span>amortizado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _0\"></span>ind<span class=\"_ _3\"></span>ependie<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>fuese <span class=\"_ _10\"></span>practicable <span class=\"_ _0\"></span>determin<span class=\"_ _3\"></span>ar <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>valor </div><div class=\"t_1 m0_1 x6d h7_1 y6d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">contable de los mismos, s<span class=\"_ _3\"></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 x6d h7_1 y309 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">momento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>adquisici\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>trucci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>beneficio <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>oduce <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la </div><div class=\"t_1 m0_1 x6d h7_1 y30a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">enajenaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span>ementos <span class=\"_ _2\"></span>sustituidos <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>determina <span class=\"_ _d\"></span>por dife<span class=\"_ _2\"></span>rencia <span class=\"_ _2\"></span>entre <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>impo<span class=\"_ _3\"></span>rte <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ercibido <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>venta<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y30b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">y el valor en libros<span class=\"_ _3\"></span> del activo enajenado.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h56 y30c ff9 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaciones y de<span class=\"_ _3\"></span>terioros </div><div class=\"t_1 m0_1 x6d h7_1 y30d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>20<span class=\"_ _3\"></span><span class=\"ls10\">25</span> <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _0\"></span>material <span class=\"_ _0\"></span>siguiend<span class=\"_ _3\"></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 x6d h7_1 y30e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">distribuyend<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>coste <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>entre <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>a\u00f1os <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>vida <span class=\"_ _2\"></span>\u00fatil <span class=\"_ _d\"></span>estimad<span class=\"_ _3\"></span>a, <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>acuerdo con <span class=\"_ _d\"></span>el siguiente <span class=\"_ _d\"></span>detalle:<span class=\"_ _f\"></span> </div></div><div class=\"gs31\"><table class=\"s w2bb h16b\" id=\"_0f670338-3a6e-4d91-a405-efb61a439ccc\"><tr><td></td><td></td><td class=\"c x209 yfe7 w31 h57\"><div class=\"t_1 m0_1 x1a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td></tr><tr><td></td><td class=\"c x209 yfe8 w32 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Porcentaje </div></td><td class=\"c x20a yfe8 w33 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1os de Vida </div></td></tr><tr><td></td><td class=\"c x209 yfe9 w32 h5a\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n </div></td><td class=\"c x20a yfe9 w33 h5a\"><div class=\"t_1 m0_1 x56 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u00datil Estimada </div></td></tr><tr><td class=\"c x20b yfea w30 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x209 yfea w32 h5c\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfea w33 h5c\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yfeb w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas </div></td><td></td><td></td></tr><tr><td class=\"c x20b yfec w30 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plantas de generaci\u00f3n con biomasa </div></td><td class=\"c x209 yfec w32 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">4%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfec w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yfed w30 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras instalaciones </div></td><td class=\"c x209 yfed w32 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5%<span class=\"ls0_1\">-8,3%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfed w33 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x20b yfee w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Maquinaria </div></td><td class=\"c x209 yfee w32 h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5%<span class=\"ls0_1\">-12,5%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfee w33 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x20b yfef w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Utillaje y mobiliario </div></td><td class=\"c x209 yfef w32 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8,3%-12,5% </div></td><td class=\"c x20a yfef w33 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">12</span> </div></td></tr><tr><td class=\"c x20b yff0 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Equipos procesos de informaci\u00f3n </div></td><td class=\"c x209 yff0 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff0 w33 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5 </div></td></tr><tr><td class=\"c x20b yff1 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Elementos transporte </div></td><td class=\"c x209 yff1 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff1 w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yff2 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado material </div></td><td class=\"c x209 yff2 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff2 w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\"> </span></div></td></tr></table></div>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>revisa <span class=\"_ _3\"></span>peri\u00f3dicamente <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>residual, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>vida <span class=\"_ _3\"></span>\u00fatil <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _f\"></span>del in<span class=\"_ _3\"></span>movilizado material. <span class=\"_ _f\"></span>La<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>modificaciones<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _10\"></span>establecidos <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>reconoc<span class=\"_ _3\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> estimaci\u00f3n. Los <span class=\"_ _16\"> </span>terrenos <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>registran <span class=\"_ _16\"> </span>de  forma <span class=\"_ _16\"> </span>independiente <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>edificios <span class=\"_ _16\"> </span>o <span class=\"_ _16\"> </span>instalaciones <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>puedan <span class=\"_ _16\"> </span>estar asentadas sob<span class=\"_ _3\"></span>re los mismos y se entiende que tienen una vida \u00fa<span class=\"_ _3\"></span>til indefinida y, por tanto, no son objeto de amortizaci\u00f3n.<span class=\"_ _3\"></span> Con <span class=\"_ _15\"> </span>car\u00e1cter <span class=\"_ _17\"> </span>general, <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>edificaciones <span class=\"_ _17\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>terrenos <span class=\"_ _17\"> </span>cedidos<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen concesional <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>\u201cConstrucciones\u201d<span class=\"_ _3\"></span>. Dicho<span class=\"_ _3\"></span> cos<span class=\"_ _3\"></span>te, <span class=\"_ _3\"></span>junto <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el del <span class=\"_ _3\"></span>resto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>instalaciones fijas <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>bicadas <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>terrenos <span class=\"_ _3\"></span>concesionados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>mortiza <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>\u00fatil, <span class=\"_ _3\"></span>estableci\u00e9ndose <span class=\"_ _f\"></span>como l\u00edmite el periodo restante d<span class=\"_ _3\"></span>e vigencia de la concesi\u00f3n. <span class=\"_ _f\"></span> En <span class=\"_ _3\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _3\"></span>Renovables, <span class=\"_ _f\"></span>la regulaci\u00f3n <span class=\"_ _f\"></span>establece u<span class=\"_ _3\"></span>na <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>regulatoria <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>operativos <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>depende de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>tecnolog\u00eda, <span class=\"_ _f\"></span>siendo <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>actualmente <span class=\"_ _f\"></span>establecida <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>25 <span class=\"_ _f\"></span>a\u00f1os<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biomasa. <span class=\"_ _f\"></span>La<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>vida regulatoria <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>dura<span class=\"_ _3\"></span>nte <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cual <span class=\"_ _2\"></span>la instalaci\u00f3n <span class=\"_ _2\"></span>va a <span class=\"_ _d\"></span>tener <span class=\"_ _2\"></span>derecho a <span class=\"_ _d\"></span>pertenecer al <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>\u00e9gimen <span class=\"_ _2\"></span>retributivo establecido <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>normativa <span class=\"_ _10\"> </span>energ\u00e9tica <span class=\"_ _10\"> </span>y, <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>tanto, <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>obtener <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>beneficios <span class=\"_ _10\"></span>econ\u00f3micos <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>apliquen (retribuciones <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>inversi\u00f3n <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>operaci\u00f3n m<span class=\"_ _3\"></span>ediante el <span class=\"_ _3\"></span>mecanismo <span class=\"_ _3\"></span>de r<span class=\"_ _3\"></span>etribuci\u00f3n m\u00edn<span class=\"_ _f\"></span>ima esta<span class=\"_ _3\"></span>blecida <span class=\"_ _3\"></span>en el <span class=\"_ _f\"></span>mismo). <span class=\"_ _3\"></span>En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>vinculados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>estas <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>amortizan <span class=\"_ _f\"></span>considerando <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida<span class=\"_ _2\"></span> \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos<span class=\"_ _3\"></span> m\u00e1s all\u00e1 de su vida <span class=\"_ _3\"></span>regulatoria.<span class=\"_ _65\"> </span> Las s<span class=\"_ _3\"></span>ociedades del Gru<span class=\"_ _3\"></span>po eval\u00faan <span class=\"_ _3\"></span>peri\u00f3dicamente, y<span class=\"_ _3\"></span> al <span class=\"_ _3\"></span>menos al <span class=\"_ _3\"></span>cierre de cada <span class=\"_ _3\"></span>ejercicio, s<span class=\"_ _3\"></span>i existen <span class=\"_ _3\"></span>indicios de <span class=\"_ _3\"></span>deterioro d<span class=\"_ _3\"></span>e alg\u00fa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>activo <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>conjunto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>inmovilizado <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>objeto<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e pro<span class=\"_ _3\"></span>ceder en <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cas<span class=\"_ _3\"></span>o, <span class=\"_ _3\"></span>tal como <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>indica <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>apartado <span class=\"_ _f\"></span>3.5 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>presente <span class=\"_ _3\"></span>nota<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>deterioro <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>reversi\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>mismo <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>ajustar <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u valor <span class=\"_ _10\"></span>neto <span class=\"_ _10\"></span>contable <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>su <span class=\"_ _10\"> </span>valor <span class=\"_ _10\"></span>recuperable, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>in <span class=\"_ _10\"></span>superar <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ning\u00fan <span class=\"_ _10\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>los <span class=\"_ _10\"></span>deterioros previos <span class=\"_ _13\"> </span>realizados. <span class=\"_ _10\"> </span>Lo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>deterioros <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>valor <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>reconocen, <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>cargo <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>ep\u00edgra<span class=\"_ _3\"></span>fe <span class=\"_ _13\"> </span><span class=\"ff6\">\u201cDeter</span>ioro<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valor <span class=\"_ _13\"> </span>y re<span class=\"ff6 ls0_1\">sultados p<span class=\"_ _3\"></span>or enajenaci\u00f3n de inmovilizado\u201d.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "Los intereses d<span class=\"_ _3\"></span>evengados duran<span class=\"_ _3\"></span>te el periodo de con<span class=\"_ _3\"></span>strucci\u00f3n,<span class=\"_ _3\"></span> siempre que este per\u00edod<span class=\"_ _3\"></span>o sea s<span class=\"_ _3\"></span>uperior a 1 <span class=\"_ _10\"></span>a\u00f1o, <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>relativos <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>atribuible <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>activo <span class=\"_ _10\"></span>productivo. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>tasa <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>utilizad<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>la correspondiente <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>existir, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>tasa <span class=\"_ _0\"></span>media <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>financiaci<span class=\"_ _3\"></span>\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _65\"> </span>Los in<span class=\"_ _3\"></span>gresos por <span class=\"_ _3\"></span>intereses se reconocen <span class=\"_ _3\"></span>siguiendo <span class=\"_ _3\"></span>un criterio <span class=\"_ _3\"></span>financiero, en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>del principal p<span class=\"_ _3\"></span>endiente de pago, el plazo h<span class=\"_ _3\"></span>asta el vencimiento, y el t<span class=\"_ _3\"></span>ipo de inter\u00e9s efectivo a<span class=\"_ _3\"></span>plicable.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-558": {
   "value": " s<span class=\"_ _3\"></span>uperior a 1 <span class=\"_ _10\"></span>a\u00f1o, <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>relativos <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>atribuible <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>activo <span class=\"_ _10\"></span>productivo. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>tasa <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>utilizad<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>la correspondiente <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>existir, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>tasa <span class=\"_ _0\"></span>media <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>financiaci<span class=\"_ _3\"></span>\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _65\"> </span>3.8<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Instrumentos financieros<span class=\"_ _2\"></span> derivados y opera<span class=\"_ _2\"></span>ciones de cob<span class=\"_ _2\"></span>ertura </span>Las actividades del Grupo lo <span class=\"_ _2\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _2\"></span>de mercado de<span class=\"_ _2\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _2\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _2\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>pasta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>papel <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>me<span class=\"_ _3\"></span>rcado <span class=\"_ _3\"></span>intern<span class=\"_ _3\"></span>acional <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>\u00f3lares, <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>pias <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>tipo de cambio <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>ventas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>divisa, 3) <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>celulosa, <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>biometano, <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>fuel-oil, <span class=\"_ _3\"></span>el gas <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _3\"></span>el\u00e9ctrica, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4) <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>evoluci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>tipos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ter\u00e9s. <span class=\"_ _3\"></span>Pa<span class=\"_ _f\"></span>ra <span class=\"_ _3\"></span>cubrir <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>exposiciones <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo puede <span class=\"_ _2\"></span>utilizar <span class=\"_ _d\"></span>ins<span class=\"_ _3\"></span>trumentos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>derivados. <span class=\"_ _2\"></span>No <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>pol\u00edtica <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tratar <span class=\"_ _2\"></span>instrumentos <span class=\"_ _2\"></span>financieros derivados con<span class=\"_ _3\"></span> fines especulativos.<span class=\"_ _3\"></span> Estos <span class=\"_ _16\"> </span>instrumentos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>financieros <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>valoran <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>todo <span class=\"_ _16\"> </span>momento <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>su<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>alor <span class=\"_ _16\"> </span>razonable,<span class=\"_ _3\"></span>  registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _16\"> </span>las variaciones <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>\u201cInstrumentos f<span class=\"_ _2\"></span>inancieros <span class=\"_ _2\"></span>derivados\u201d<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>pasivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>Situaci\u00f3n Financiera consolidado s<span class=\"_ _3\"></span>i son negativas, y como \u201cActivos<span class=\"_ _3\"></span> fi<span class=\"ff3\">nan<span class=\"_ _3\"></span>cieros </span>\u2013<span class=\"ff3\"> </span>Derivados d<span class=\"_ _3\"></span>e cobertura\u201d si s<span class=\"_ _3\"></span>on positivas.<span class=\"_ _65\"> </span> <span class=\"ff3\"> </span>Los <span class=\"_ _3\"></span>beneficios <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dichas <span class=\"_ _3\"></span>fluctuaciones <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>Resultado<span class=\"_ _f\"></span> con<span class=\"_ _3\"></span>solidado <span class=\"_ _3\"></span>como un re<span class=\"_ _2\"></span>sultado financiero, <span class=\"_ _2\"></span>salvo <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>derivad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>una parte <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>haya sido <span class=\"_ _2\"></span>designado <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>instrumento de cobertura y \u00e9sta<span class=\"_ _3\"></span> sea altamente efectiva, en cu<span class=\"_ _3\"></span>yo caso s<span class=\"_ _3\"></span>u registro es el siguiente:<span class=\"_ _65\"> </span>1.<span class=\"ls0_1\"> <span class=\"_ _1f\"> </span>Coberturas <span class=\"_ _3\"></span>de valor <span class=\"_ _3\"></span>razonable: el <span class=\"_ _3\"></span>elemento <span class=\"_ _3\"></span>cubierto se <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>su valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>al igual q<span class=\"_ _3\"></span>ue el </span>instrumento <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura, <span class=\"_ _2\"></span>registr\u00e1ndose <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>variacion<span class=\"_ _3\"></span>es <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>valor <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>ambos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Estado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Resultado<span class=\"_ _3\"></span> consolidado<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>  2.<span class=\"ls0_1\"> <span class=\"_ _1f\"> </span>Coberturas de <span class=\"_ _2\"></span>flujos de <span class=\"_ _2\"></span>efectivo: <span class=\"_ _2\"></span>la parte <span class=\"_ _2\"></span>eficaz <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>cambios en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>razonable de <span class=\"_ _2\"></span>los derivados </span>que se <span class=\"_ _2\"></span>designan y <span class=\"_ _2\"></span>califican <span class=\"_ _2\"></span>como coberturas de <span class=\"_ _d\"></span>flujo<span class=\"_ _3\"></span>s de <span class=\"_ _2\"></span>efectivo <span class=\"_ _2\"></span>se reconoce <span class=\"_ _d\"></span>en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201cAjustes en <span class=\"_ _13\"> </span>patrimonio  por<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>valoraci\u00f3n\u201d  del <span class=\"_ _13\"> </span>\u201cEstado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Resultado <span class=\"_ _13\"> </span>Global <span class=\"_ _13\"> </span>consolidado\u201d.  La<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>ganancia <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>la p\u00e9rdida <span class=\"_ _f\"></span>relacion<span class=\"_ _3\"></span>ada <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>eficaz <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>reconoce <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>mediatamente<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>Esta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado consolidado,<span class=\"_ _3\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _3\"></span> en valor razonab<span class=\"_ _3\"></span>le de instrumentos fin<span class=\"_ _3\"></span>ancieros\u201d<span class=\"_ _3\"></span></span><span class=\"ls13\">.<span class=\"_ _65\"> </span></span>a <span class=\"_ _13\"> </span>cubrir <span class=\"_ _10\"> </span>trans<span class=\"_ _3\"></span>acciones <span class=\"_ _13\"> </span>previstas, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>grupo <span class=\"_ _10\"> </span>eval\u00faa  si <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>ichas transacciones  son <span class=\"_ _13\"> </span>altamente <span class=\"_ _13\"> </span>probables, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>ese <span class=\"_ _13\"> </span>caso <span class=\"_ _13\"> </span>designa <span class=\"_ _13\"> </span>tanto  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>intr\u00ednseco <span class=\"_ _13\"> </span>como <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>valor temporal del contrato d<span class=\"_ _3\"></span>e opci\u00f3n como in<span class=\"_ _3\"></span>strumento de c<span class=\"_ _3\"></span>obertura. <span class=\"_ _3\"></span> Al <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>cobertura, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>esigna <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>documenta <span class=\"_ _3\"></span>formalmente <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>relaciones <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cobertu<span class=\"_ _3\"></span>ra, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _f\"></span>como el<span class=\"_ _3\"></span> objetivo y <span class=\"_ _2\"></span>la estrategia <span class=\"_ _2\"></span>que asume <span class=\"_ _2\"></span>con re<span class=\"_ _2\"></span>specto a <span class=\"_ _2\"></span>las mismas. La <span class=\"_ _2\"></span>documentaci\u00f3n incluye la <span class=\"_ _2\"></span>identificaci\u00f3n del instrumento de cob<span class=\"_ _3\"></span>ertura, la partida cubie<span class=\"_ _3\"></span>rta, la naturaleza del riesgo cu<span class=\"_ _3\"></span>bierto y la forma en la q<span class=\"_ _3\"></span>ue se mide la <span class=\"_ _10\"> </span>eficacia <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cobertura. <span class=\"_ _10\"> </span>Igualmente, <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>inicio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cobertura <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _10\"></span>continua <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>eval\u00faa <span class=\"_ _10\"> </span>si <span class=\"_ _10\"> </span>la cobertura <span class=\"_ _10\"> </span>es <span class=\"_ _13\"> </span>eficaz. <span class=\"_ _10\"></span>Dicha <span class=\"_ _10\"> </span>eficacia <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>verifica <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>trav\u00e9s <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>\u201ctest <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>eficacia\u201d  <span class=\"ff3\">donde <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>chequea <span class=\"_ _10\"> </span>si <span class=\"_ _13\"> </span>es<span class=\"_ _2\"></span> </span>esperable <span class=\"_ _3\"></span>prosp<span class=\"_ _3\"></span>ectivamente <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el valo<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>o en <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>efe<span class=\"_ _2\"></span>ctivo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la p<span class=\"_ _3\"></span>artida cubierta <span class=\"_ _15\"> </span>(atribuibles <span class=\"_ _17\"> </span>al <span class=\"_ _19\"> </span>ri<span class=\"_ _3\"></span>esgo <span class=\"_ _15\"> </span>cub<span class=\"_ _3\"></span>ierto) <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>comp<span class=\"_ _3\"></span>ensen <span class=\"_ _15\"> </span>razonab<span class=\"_ _3\"></span>lemente <span class=\"_ _15\"> </span>con <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>cor<span class=\"_ _3\"></span>respondientes <span class=\"_ _17\"> </span>al instrumento de <span class=\"_ _2\"></span>cobertura. El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>derivados<span class=\"_ _3\"></span> incluye <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ajuste de <span class=\"_ _d\"></span>riesgo de <span class=\"_ _2\"></span>cr\u00e9dito de <span class=\"_ _2\"></span>forma que sus variacion<span class=\"_ _3\"></span>es son consideradas en la<span class=\"_ _3\"></span> medici\u00f3n de la eficacia.<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>evaluaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cualitativa <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>eficacia, <span class=\"_ _f\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>cond<span class=\"_ _3\"></span>iciones <span class=\"_ _f\"></span>fundamentales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del instrumento <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>partida <span class=\"_ _3\"></span>cubierta <span class=\"_ _f\"></span>coincidan. <span class=\"_ _3\"></span>Cuando <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>diciones <span class=\"_ _3\"></span>fundamentales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>plenamente coincidentes, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>utiliza <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>erivado <span class=\"_ _13\"> </span>hipo<span class=\"_ _3\"></span>t\u00e9tico <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>condiciones <span class=\"_ _13\"> </span>fundamentales <span class=\"_ _13\"> </span>equivalentes <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>la partida cubierta p<span class=\"_ _3\"></span>ara evaluar y medir la ineficacia.<span class=\"_ _f\"></span> ENCE <span class=\"_ _3\"></span>interrumpe <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>pros<span class=\"_ _3\"></span>pectiva <span class=\"_ _3\"></span>s\u00f3lo <span class=\"_ _3\"></span>cuando<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>parte de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>de cobertura <span class=\"_ _3\"></span>deja <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cumplir <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>requisitos <span class=\"_ _3\"></span>cualificados. <span class=\"_ _3\"></span>Esto <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>instrumento<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura <span class=\"_ _d\"></span>exp<span class=\"_ _3\"></span>ira, <span class=\"_ _d\"></span>es vendido, <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>ejercido, e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>objetivo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>g<span class=\"_ _3\"></span>esti\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go <span class=\"_ _d\"></span>ha cambiado, <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>efecto <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>riesgo de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>dom<span class=\"_ _3\"></span>ina <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>valor, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>instrumento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _f\"></span>llega a <span class=\"_ _f\"></span>vencimiento <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>liquidado<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>o deja <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>existir <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ubyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _0\"></span>efectos, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>sustitu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>reno<span class=\"_ _3\"></span>vaci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>instru<span class=\"_ _3\"></span>mento <span class=\"_ _f\"></span>de cobertura <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>expiraci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>finalizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _10\"> </span>que <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>operaci\u00f3n <span class=\"_ _10\"> </span>sea <span class=\"_ _10\"></span>consistente <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _3\"></span> de riesgo del Grupo.<span class=\"_ _3\"></span> En <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>coberturas <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"> </span>flujos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>efectivo, <span class=\"_ _10\"> </span>tras <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>interrupci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>relaci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>cobertura, <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>importe acumulado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Otro <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>Global <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e reconoce <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _3\"></span>hasta <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>transacci\u00f3n<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>revista <span class=\"_ _3\"></span>tenga lugar. As\u00ed <span class=\"_ _3\"></span>mismo, los<span class=\"_ _3\"></span> importes <span class=\"_ _3\"></span>acumulados <span class=\"_ _3\"></span>en O<span class=\"_ _3\"></span>tro <span class=\"_ _3\"></span>Resultado Glob<span class=\"_ _3\"></span>al se <span class=\"_ _3\"></span>reclasifican como <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>o gas<span class=\"_ _3\"></span>tos financieros cuand<span class=\"_ _3\"></span>o el Grupo no espera q<span class=\"_ _3\"></span>ue la transacci\u00f3n p<span class=\"_ _3\"></span>revista vaya a produ<span class=\"_ _3\"></span>cirse.<span class=\"_ _3\"></span> Los <span class=\"_ _10\"></span>derivados <span class=\"_ _10\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>otros <span class=\"_ _10\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>contabilizados <span class=\"_ _10\"></span>separadamente <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _10\"></span>el Grupo <span class=\"_ _2\"></span>considera que <span class=\"_ _d\"></span>sus carac<span class=\"_ _2\"></span>ter\u00edsticas y <span class=\"_ _d\"></span>riesgos no <span class=\"_ _d\"></span>est\u00e1n es<span class=\"_ _2\"></span>trechamente relacionados <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>instrumentos financieros <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>encuentran <span class=\"_ _f\"></span>impl\u00edcitos<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>instrumento <span class=\"_ _f\"></span>f<span class=\"_ _3\"></span>inanciero <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>cues<span class=\"_ _3\"></span>ti\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>su conjunto no <span class=\"_ _2\"></span>est\u00e9 <span class=\"_ _2\"></span>siendo <span class=\"_ _2\"></span>contabilizado a <span class=\"_ _d\"></span>valor razonable <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cambios e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>resultados<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>tiene <span class=\"_ _2\"></span>derivados impl\u00edcitos que sean o<span class=\"_ _3\"></span>bjeto de contabilidad<span class=\"_ _3\"></span> separada.<span class=\"_ _3\"></span> Valor razonable de los<span class=\"_ _3\"></span> instrumento<span class=\"_ _3\"></span>s financieros derivados<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _f\"></span>financieros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>etermina <span class=\"_ _f\"></span>utilizando<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>siguiente <span class=\"_ _0\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _3\"></span> 27<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel 1: por observ<span class=\"_ _3\"></span>aci\u00f3n directa de la cotizaci\u00f3n<span class=\"_ _3\"></span> en mercados a<span class=\"_ _3\"></span>ctivos, de activos y p<span class=\"_ _3\"></span>asivos id\u00e9nticos. <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _3\"></span>2: empleando <span class=\"_ _3\"></span>inp<span class=\"_ _3\"></span>uts <span class=\"_ _3\"></span>disponibles <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>activos, <span class=\"_ _3\"></span>diferentes <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>precios de <span class=\"_ _3\"></span>cotizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>que </span></span>son aplicables<span class=\"_ _3\"></span> a los activos y pasivos<span class=\"_ _3\"></span>, tanto directa como indirectamente.<span class=\"_ _f\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _0\"></span>3: <span class=\"_ _f\"></span>utiliza<span class=\"_ _3\"></span>ndo <span class=\"_ _0\"></span>t\u00e9cnicas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>valoraci\u00f3n <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>mercados </span></span>activos.<span class=\"_ _65\"> </span>derivados se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _3\"></span> este tipo de instrumentos financieros<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>a partir de datos facilitados por agencias<span class=\"_ _3\"></span> de informaci\u00f3n o dat<span class=\"_ _3\"></span>os de organismos oficiales<span class=\"_ _3\"></span>, d<span class=\"_ _3\"></span>el siguiente mod<span class=\"_ _3\"></span>o: \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>permutas de <span class=\"_ _d\"></span>tipo de <span class=\"_ _d\"></span>inter\u00e9s se determina <span class=\"_ _d\"></span>actualizan<span class=\"_ _3\"></span>do las <span class=\"_ _d\"></span>liquid<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _2\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _2\"></span>de tipos swap a largo plazo<span class=\"_ _3\"></span>. Se utiliza la volatilidad impl\u00edcita p<span class=\"_ _3\"></span>ara el c\u00e1lculo d<span class=\"_ _3\"></span>e los valores razon<span class=\"_ _3\"></span>ables.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>cas<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>contratos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>tipo  de <span class=\"_ _10\"> </span>cambio  a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>futuro, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>u <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>determina  utilizando <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> </span></span>cotizaciones <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _10\"> </span>contado <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cambio <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>las <span class=\"_ _10\"></span>curvas <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>inter\u00e9s <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _3\"></span>mo el empleo de la v<span class=\"_ _3\"></span>olatilidad impl\u00edcita<span class=\"_ _3\"></span> hasta<span class=\"_ _3\"></span> el vencimiento en el caso <span class=\"_ _3\"></span>de opciones. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>razonable <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>contratos  de <span class=\"_ _10\"> </span>compraventa  de <span class=\"_ _10\"> </span>ele<span class=\"_ _3\"></span>mentos <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>financieros <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _3\"></span>NIIF <span class=\"_ _3\"></span>9 (precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la celulos<span class=\"_ _3\"></span>a y <span class=\"_ _3\"></span>precio de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>energ\u00eda prin<span class=\"_ _3\"></span>cipalmente) se <span class=\"_ _3\"></span>calcula <span class=\"_ _3\"></span>a par<span class=\"_ _3\"></span>tir de <span class=\"_ _3\"></span>la mejor <span class=\"_ _3\"></span>estima<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>curvas <span class=\"_ _3\"></span>futuras<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>recios <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>elementos <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>cieros, <span class=\"_ _3\"></span>existen<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _3\"></span> a plazo.  Los valores <span class=\"_ _2\"></span>razonables se <span class=\"_ _d\"></span>aj<span class=\"_ _3\"></span>ustan por <span class=\"_ _d\"></span>el impacto e<span class=\"_ _2\"></span>sperado del <span class=\"_ _d\"></span>riesgo de cr\u00e9dito <span class=\"_ _2\"></span>observable de <span class=\"_ _d\"></span>la contraparte en <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>escenarios <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valoraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>positivos, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>impacto <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>riesgo <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>cr\u00e9dito <span class=\"_ _13\"> </span>propio <span class=\"_ _13\"> </span>observable <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>los escenarios de valo<span class=\"_ _3\"></span>raci\u00f3n negativos.<span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>valores <span class=\"_ _f\"></span>obtenidos <span class=\"_ _f\"></span>utilizando <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tas <span class=\"_ _f\"></span>t\u00e9cnicas <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>on <span class=\"_ _f\"></span>contrastados <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>financieras <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que ENCE tiene contrata<span class=\"_ _3\"></span>dos estos instrumentos fin<span class=\"_ _3\"></span>ancieros.<span class=\"_ _3\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _3\"></span>encuadradas <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>nivel 2 de <span class=\"_ _3\"></span>la jerarq<span class=\"_ _3\"></span>u\u00eda de <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>razonables <span class=\"_ _3\"></span>establecida p<span class=\"_ _3\"></span>or la NIIF <span class=\"_ _3\"></span>13, po<span class=\"_ _3\"></span>r estar los inputs basad<span class=\"_ _3\"></span>os en precios cotizados par<span class=\"_ _3\"></span>a instru<span class=\"_ _3\"></span>mentos similares en mercados activos<span class=\"_ _3\"></span> (no incluidos en el nivel <span class=\"_ _d\"></span>1), precios <span class=\"_ _d\"></span>cotizados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>para <span class=\"_ _2\"></span>instrumentos id\u00e9nticos <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>similares <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>mercados <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>so<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>t\u00e9cnicas basadas <span class=\"_ _13\"> </span>en <span class=\"_ _10\"></span>modelos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>valora<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"> </span>para <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>cuales <span class=\"_ _10\"> </span>todos <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>inputs <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ignificativos  son <span class=\"_ _10\"></span>observables <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el mercado o <span class=\"_ _3\"></span>pueden s<span class=\"_ _3\"></span>er corrob<span class=\"_ _3\"></span>orados <span class=\"_ _3\"></span>por datos <span class=\"_ _3\"></span>observables d<span class=\"_ _3\"></span>e mercado. E<span class=\"_ _3\"></span>n dicha <span class=\"_ _3\"></span>clasificaci\u00f3n <span class=\"_ _3\"></span>se h<span class=\"_ _3\"></span>a tenido en <span class=\"_ _3\"></span>consideraci\u00f3n <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>riesgo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>utilizan <span class=\"_ _3\"></span>inputs <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nivel <span class=\"_ _3\"></span>3, como <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>estimaciones de <span class=\"_ _10\"> </span>cr\u00e9dito <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>funci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ra<span class=\"_ _3\"></span>ting <span class=\"_ _10\"> </span>crediticio <span class=\"_ _13\"> </span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>empresa<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>comparables <span class=\"_ _13\"> </span>para <span class=\"_ _10\"> </span>evaluar <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>robabilidad <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> quiebra <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>contraparte, <span class=\"_ _f\"></span>si <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>ien, <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>ajustes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>significativos. <span class=\"_ _f\"></span>Por <span class=\"_ _3\"></span>otra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>parte, <span class=\"_ _3\"></span>las contraprestacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tingentes <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>valores <span class=\"_ _17\"> </span>razonables <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>los <span class=\"_ _1a\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _15\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _15\"> </span>incorp<span class=\"_ _3\"></span>orados <span class=\"_ _17\"> </span>en combinaciones de negocios<span class=\"_ _3\"></span> quedan encuad<span class=\"_ _3\"></span>radas en el niv<span class=\"_ _3\"></span>el 3 de la jerarqu\u00eda (v\u00e9a<span class=\"_ _3\"></span>nse Nota<span class=\"_ _3\"></span>s 4 y 6<span class=\"ls18\">).<span class=\"_ _65\"> </span></span><span class=\"ls18\"><span class=\"_ _3\"></span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": " s<span class=\"_ _3\"></span>uperior a 1 <span class=\"_ _10\"></span>a\u00f1o, <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>relativos <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>atribuible <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>activo <span class=\"_ _10\"></span>productivo. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>tasa <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>utilizad<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>la correspondiente <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>existir, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>tasa <span class=\"_ _0\"></span>media <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>financiaci<span class=\"_ _3\"></span>\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _65\"> </span>Obligaciones, bo<span class=\"_ _3\"></span>nos y deudas con e<span class=\"_ _3\"></span>ntidades de cr\u00e9dito<span class=\"_ _65\"> </span>Los p<span class=\"_ _3\"></span>r\u00e9stamos, o<span class=\"_ _3\"></span>bligaciones y <span class=\"_ _3\"></span>similares <span class=\"_ _3\"></span>se registra<span class=\"_ _3\"></span>n inicialmente <span class=\"_ _3\"></span>a v<span class=\"_ _3\"></span>alor razon<span class=\"_ _3\"></span>able, valor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>normalmente coincide con el efectiv<span class=\"_ _3\"></span>o recibido, neto d<span class=\"_ _3\"></span>e los costes in<span class=\"_ _3\"></span>curridos en la trans<span class=\"_ _3\"></span>acci\u00f3n. En periodos p<span class=\"_ _3\"></span>osteriores, la totalidad de estas d<span class=\"_ _3\"></span>eudas se valora a su co<span class=\"_ _3\"></span>ste amortizado, utilizando el m\u00e9todo d<span class=\"_ _3\"></span>el tipo de inter\u00e9s efectivo.<span class=\"_ _65\"> </span>Los gastos finan<span class=\"_ _3\"></span>cieros as\u00ed como los costes de estru<span class=\"_ _3\"></span>cturaci\u00f3n, se registran seg\u00fan el criterio del devengo <span class=\"_ _3\"></span>en el Estado de Resultad<span class=\"_ _3\"></span>o consolidado utiliza<span class=\"_ _3\"></span>ndo el m\u00e9todo del inter\u00e9s efectivo<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>3.15<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Reconocimiento de ingreso<span class=\"_ _2\"></span>s y gastos<span class=\"_ _65\"> </span></span></span>Los <span class=\"_ _0\"></span>gasto<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e reconoce un gasto d<span class=\"_ _3\"></span>e forma inmediata cuan<span class=\"_ _3\"></span>do no se p<span class=\"_ _3\"></span>rev\u00e9 que genere beneficios econ\u00f3micos futu<span class=\"_ _3\"></span>ros.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _f\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>est\u00e9 <span class=\"_ _3\"></span>obligado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>desmantelar <span class=\"_ _f\"></span>sus <span class=\"_ _3\"></span>ins<span class=\"_ _3\"></span>talaciones <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>rehabilitar <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>lu<span class=\"_ _3\"></span>gar <span class=\"_ _3\"></span>do<span class=\"_ _3\"></span>nde <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e </span></span>asientan, <span class=\"_ _13\"> </span>el <span class=\"_ _0\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _10\"> </span>estimado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>dichos <span class=\"_ _13\"> </span>costes <span class=\"_ _10\"></span>se <span class=\"_ _10\"> </span>incorpora <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>valor <span class=\"_ _13\"> </span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>libros <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>activo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _10\"> </span>valor presente, <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>abono <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _13\"> </span>\u201cProvisiones\u201d  del <span class=\"_ _10\"> </span>Est<span class=\"_ _3\"></span><span class=\"ff3\">ado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Situaci\u00f3n <span class=\"_ _13\"> </span>Financiera <span class=\"_ _10\"> </span>cons<span class=\"_ _3\"></span>olidado. <span class=\"_ _13\"> </span>Los </span>17<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 cambios <span class=\"_ _3\"></span>pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>evaluaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>obligaciones <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>desmantelamiento <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>a\u00f1aden <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>deducen del valor neto conta<span class=\"_ _3\"></span>ble del activo correspon<span class=\"_ _3\"></span>diente en el periodo en<span class=\"_ _3\"></span> el que se produ<span class=\"_ _3\"></span>cen. <span class=\"_ _3\"></span> Los <span class=\"_ _13\"> </span>costes <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>ampliaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _10\"> </span>moderniza<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>me<span class=\"_ _2\"></span>joras <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>representan<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>aumento  de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>productividad, capacidad, <span class=\"_ _3\"></span>eficiencia o <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>alargamiento <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>vida <span class=\"_ _3\"></span>\u00fatil d<span class=\"_ _3\"></span>e los <span class=\"_ _3\"></span>bienes <span class=\"_ _3\"></span>se capitalizan<span class=\"_ _3\"></span> como <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ayor cos<span class=\"_ _3\"></span>te de los<span class=\"_ _3\"></span> correspondientes activos. <span class=\"_ _2\"></span>Forman <span class=\"_ _d\"></span>igualm<span class=\"_ _3\"></span>ente <span class=\"_ _d\"></span>par<span class=\"_ _3\"></span>te <span class=\"_ _d\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _d\"></span>inm<span class=\"_ _3\"></span>ovilizado <span class=\"_ _2\"></span>material <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _2\"></span>efectuadas <span class=\"_ _2\"></span>con el <span class=\"_ _f\"></span>fin <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>minimizar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>impacto <span class=\"_ _f\"></span>ambienta<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>mejorar <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rotecci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>medio <span class=\"_ _f\"></span>ambiente. ENCE <span class=\"_ _10\"></span>sigue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>trasp<span class=\"_ _3\"></span>asar <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>obra <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>curso <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>inm<span class=\"_ _2\"></span>ovilizado <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _10\"></span>fi<span class=\"_ _3\"></span>nalizado<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el correspondiente periodo<span class=\"_ _3\"></span> de prueba.<span class=\"_ _3\"></span> Por su parte, los gastos de <span class=\"_ _2\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"_ _2\"></span>se cargan al Estado de Resultado cons<span class=\"_ _3\"></span>olidado.  Las s<span class=\"_ _3\"></span>ustituciones <span class=\"_ _3\"></span>de elemento<span class=\"_ _3\"></span>s del <span class=\"_ _3\"></span>inmovilizado <span class=\"_ _3\"></span>material su<span class=\"_ _3\"></span>sceptibles <span class=\"_ _3\"></span>de capitalizaci\u00f3n<span class=\"_ _3\"></span> supo<span class=\"_ _3\"></span>nen la <span class=\"_ _3\"></span>baja d<span class=\"_ _3\"></span>el valor  contable  de  los  elementos<span class=\"_ _3\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos sustituid<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>haya <span class=\"_ _0\"></span>sido <span class=\"_ _10\"></span>amortizado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _0\"></span>ind<span class=\"_ _3\"></span>ependie<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>fuese <span class=\"_ _10\"></span>practicable <span class=\"_ _0\"></span>determin<span class=\"_ _3\"></span>ar <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>valor contable de los mismos, s<span class=\"_ _3\"></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=\"_ _0\"></span>su <span class=\"_ _0\"></span>adquisici\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>trucci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>beneficio <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>oduce <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la enajenaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span>ementos <span class=\"_ _2\"></span>sustituidos <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>determina <span class=\"_ _d\"></span>por dife<span class=\"_ _2\"></span>rencia <span class=\"_ _2\"></span>entre <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>impo<span class=\"_ _3\"></span>rte <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ercibido <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>venta<span class=\"_ _3\"></span> y el valor en libros<span class=\"_ _3\"></span> del activo enajenado.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "Amortizaciones y de<span class=\"_ _3\"></span>terioros Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>20<span class=\"_ _3\"></span><span class=\"ls10\">25</span> <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _0\"></span>material <span class=\"_ _0\"></span>siguiend<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>lineal, distribuyend<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>coste <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>entre <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>a\u00f1os <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>vida <span class=\"_ _2\"></span>\u00fatil <span class=\"_ _d\"></span>estimad<span class=\"_ _3\"></span>a, <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>acuerdo con <span class=\"_ _d\"></span>el siguiente <span class=\"_ _d\"></span>detalle:<table class=\"s w2bb h16b\" id=\"_0f670338-3a6e-4d91-a405-efb61a439ccc\"><tr><td></td><td></td><td class=\"c x209 yfe7 w31 h57\"><div class=\"t_1 m0_1 x1a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td></tr><tr><td></td><td class=\"c x209 yfe8 w32 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Porcentaje </div></td><td class=\"c x20a yfe8 w33 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1os de Vida </div></td></tr><tr><td></td><td class=\"c x209 yfe9 w32 h5a\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n </div></td><td class=\"c x20a yfe9 w33 h5a\"><div class=\"t_1 m0_1 x56 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u00datil Estimada </div></td></tr><tr><td class=\"c x20b yfea w30 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x209 yfea w32 h5c\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfea w33 h5c\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yfeb w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas </div></td><td></td><td></td></tr><tr><td class=\"c x20b yfec w30 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plantas de generaci\u00f3n con biomasa </div></td><td class=\"c x209 yfec w32 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">4%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfec w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yfed w30 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras instalaciones </div></td><td class=\"c x209 yfed w32 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5%<span class=\"ls0_1\">-8,3%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfed w33 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x20b yfee w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Maquinaria </div></td><td class=\"c x209 yfee w32 h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5%<span class=\"ls0_1\">-12,5%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yfee w33 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x20b yfef w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Utillaje y mobiliario </div></td><td class=\"c x209 yfef w32 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8,3%-12,5% </div></td><td class=\"c x20a yfef w33 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"lsd\">12</span> </div></td></tr><tr><td class=\"c x20b yff0 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Equipos procesos de informaci\u00f3n </div></td><td class=\"c x209 yff0 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff0 w33 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5 </div></td></tr><tr><td class=\"c x20b yff1 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Elementos transporte </div></td><td class=\"c x209 yff1 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff1 w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x20b yff2 w30 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado material </div></td><td class=\"c x209 yff2 w32 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10%<span class=\"ls0_1\"> </span></div></td><td class=\"c x20a yff2 w33 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\"> </span></div></td></tr></table>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>revisa <span class=\"_ _3\"></span>peri\u00f3dicamente <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>residual, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>vida <span class=\"_ _3\"></span>\u00fatil <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _f\"></span>del in<span class=\"_ _3\"></span>movilizado material. <span class=\"_ _f\"></span>La<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>modificaciones<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _10\"></span>establecidos <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>reconoc<span class=\"_ _3\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> estimaci\u00f3n. Los <span class=\"_ _16\"> </span>terrenos <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>registran <span class=\"_ _16\"> </span>de  forma <span class=\"_ _16\"> </span>independiente <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>edificios <span class=\"_ _16\"> </span>o <span class=\"_ _16\"> </span>instalaciones <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>puedan <span class=\"_ _16\"> </span>estar asentadas sob<span class=\"_ _3\"></span>re los mismos y se entiende que tienen una vida \u00fa<span class=\"_ _3\"></span>til indefinida y, por tanto, no son objeto de amortizaci\u00f3n.<span class=\"_ _3\"></span> Con <span class=\"_ _15\"> </span>car\u00e1cter <span class=\"_ _17\"> </span>general, <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>edificaciones <span class=\"_ _17\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>terrenos <span class=\"_ _17\"> </span>cedidos<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen concesional <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>\u201cConstrucciones\u201d<span class=\"_ _3\"></span>. Dicho<span class=\"_ _3\"></span> cos<span class=\"_ _3\"></span>te, <span class=\"_ _3\"></span>junto <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el del <span class=\"_ _3\"></span>resto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>instalaciones fijas <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>bicadas <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>terrenos <span class=\"_ _3\"></span>concesionados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>mortiza <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>\u00fatil, <span class=\"_ _3\"></span>estableci\u00e9ndose <span class=\"_ _f\"></span>como l\u00edmite el periodo restante d<span class=\"_ _3\"></span>e vigencia de la concesi\u00f3n. <span class=\"_ _f\"></span> En <span class=\"_ _3\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _3\"></span>Renovables, <span class=\"_ _f\"></span>la regulaci\u00f3n <span class=\"_ _f\"></span>establece u<span class=\"_ _3\"></span>na <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>regulatoria <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>operativos <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>depende de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>tecnolog\u00eda, <span class=\"_ _f\"></span>siendo <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>actualmente <span class=\"_ _f\"></span>establecida <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>25 <span class=\"_ _f\"></span>a\u00f1os<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>biomasa. <span class=\"_ _f\"></span>La<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>vida regulatoria <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>dura<span class=\"_ _3\"></span>nte <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cual <span class=\"_ _2\"></span>la instalaci\u00f3n <span class=\"_ _2\"></span>va a <span class=\"_ _d\"></span>tener <span class=\"_ _2\"></span>derecho a <span class=\"_ _d\"></span>pertenecer al <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>\u00e9gimen <span class=\"_ _2\"></span>retributivo establecido <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>normativa <span class=\"_ _10\"> </span>energ\u00e9tica <span class=\"_ _10\"> </span>y, <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>tanto, <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>obtener <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>beneficios <span class=\"_ _10\"></span>econ\u00f3micos <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>apliquen (retribuciones <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>inversi\u00f3n <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>operaci\u00f3n m<span class=\"_ _3\"></span>ediante el <span class=\"_ _3\"></span>mecanismo <span class=\"_ _3\"></span>de r<span class=\"_ _3\"></span>etribuci\u00f3n m\u00edn<span class=\"_ _f\"></span>ima esta<span class=\"_ _3\"></span>blecida <span class=\"_ _3\"></span>en el <span class=\"_ _f\"></span>mismo). <span class=\"_ _3\"></span>En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>vinculados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>estas <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>amortizan <span class=\"_ _f\"></span>considerando <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida<span class=\"_ _2\"></span> \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos<span class=\"_ _3\"></span> m\u00e1s all\u00e1 de su vida <span class=\"_ _3\"></span>regulatoria.<span class=\"_ _65\"> </span> Las s<span class=\"_ _3\"></span>ociedades del Gru<span class=\"_ _3\"></span>po eval\u00faan <span class=\"_ _3\"></span>peri\u00f3dicamente, y<span class=\"_ _3\"></span> al <span class=\"_ _3\"></span>menos al <span class=\"_ _3\"></span>cierre de cada <span class=\"_ _3\"></span>ejercicio, s<span class=\"_ _3\"></span>i existen <span class=\"_ _3\"></span>indicios de <span class=\"_ _3\"></span>deterioro d<span class=\"_ _3\"></span>e alg\u00fa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>activo <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>conjunto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>inmovilizado <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>objeto<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e pro<span class=\"_ _3\"></span>ceder en <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cas<span class=\"_ _3\"></span>o, <span class=\"_ _3\"></span>tal como <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>indica <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>apartado <span class=\"_ _f\"></span>3.5 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>presente <span class=\"_ _3\"></span>nota<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>deterioro <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>reversi\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>mismo <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>ajustar <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u valor <span class=\"_ _10\"></span>neto <span class=\"_ _10\"></span>contable <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>su <span class=\"_ _10\"> </span>valor <span class=\"_ _10\"></span>recuperable, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>in <span class=\"_ _10\"></span>superar <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ning\u00fan <span class=\"_ _10\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>los <span class=\"_ _10\"></span>deterioros previos <span class=\"_ _13\"> </span>realizados. <span class=\"_ _10\"> </span>Lo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>deterioros <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>valor <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>reconocen, <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>cargo <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>ep\u00edgra<span class=\"_ _3\"></span>fe <span class=\"_ _13\"> </span><span class=\"ff6\">\u201cDeter</span>ioro<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valor <span class=\"_ _13\"> </span>y re<span class=\"ff6 ls0_1\">sultados p<span class=\"_ _3\"></span>or enajenaci\u00f3n de inmovilizado\u201d.<span class=\"_ _65\"> </span></span>3.5<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Deterioro de valor de a<span class=\"_ _2\"></span>ctivos no finan<span class=\"_ _2\"></span>cieros </span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>revisa, al <span class=\"_ _3\"></span>menos<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cierre de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>ejercicio, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>financieros, entre los <span class=\"_ _3\"></span>que s<span class=\"_ _3\"></span>e incluyen <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activos materiales,<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>activos po<span class=\"_ _3\"></span>r derecho d<span class=\"_ _3\"></span>e uso, <span class=\"_ _3\"></span>el fondo <span class=\"_ _3\"></span>de comer<span class=\"_ _3\"></span>cio junto<span class=\"_ _3\"></span> a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>otros <span class=\"_ _3\"></span>activos <span class=\"_ _f\"></span>intangibles, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span><span class=\"ff6\">activos <span class=\"_ _f\"></span>biol\u00f3gicos, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>\u201cInversiones <span class=\"_ _f\"></span>contabilizadas <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la </span>participaci\u00f3n\u201d <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminar <span class=\"_ _3\"></span>si <span class=\"_ _f\"></span>existe <span class=\"_ _3\"></span>alg\u00fan <span class=\"_ _f\"></span>indicio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>hayan <span class=\"_ _3\"></span>sufrido <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _f\"></span>por deterioro, y <span class=\"_ _2\"></span>por tanto <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e e<span class=\"_ _2\"></span>spera recuperar <span class=\"_ _2\"></span>de su <span class=\"_ _2\"></span>uso o<span class=\"_ _2\"></span> disposici\u00f3n<span class=\"_ _3\"></span> e<span class=\"_ _2\"></span>s infe<span class=\"_ _2\"></span>rior a <span class=\"_ _2\"></span>su valor <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>libros.<span class=\"_ _65\"> </span>ENCE <span class=\"_ _16\"> </span>utiliza<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>tanto <span class=\"_ _16\"> </span>fuentes<span class=\"_ _3\"></span>  d<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>informaci\u00f3n <span class=\"_ _16\"> </span>internas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>como <span class=\"_ _16\"> </span>externas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>para <span class=\"_ _19\"> </span>evaluar <span class=\"_ _16\"> </span>pos<span class=\"_ _3\"></span>ibles <span class=\"_ _16\"> </span>indicios <span class=\"_ _19\"> </span>de deterioro. <span class=\"_ _13\"> </span>Entre  las <span class=\"_ _13\"> </span>fuentes <span class=\"_ _10\"> </span>externas<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>consideran  disminuciones <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mercado <span class=\"_ _13\"> </span>considerando transacciones comparables, <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>evoluci\u00f3n <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>precios <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>futuro <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>celulosa <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _d\"></span>ren<span class=\"_ _3\"></span>ovable, <span class=\"_ _2\"></span>posibles cambios <span class=\"_ _3\"></span>futuro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>advers<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ento<span class=\"_ _3\"></span>rno <span class=\"_ _3\"></span>legal, <span class=\"_ _f\"></span>econ\u00f3mico <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>tecnol\u00f3gico <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>udieran <span class=\"_ _3\"></span>poner <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>manifiesto una <span class=\"_ _10\"></span>p\u00e9rdida <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _10\"> </span>recuperable <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _10\"></span>activos, <span class=\"_ _10\"></span>merm<span class=\"_ _2\"></span>as <span class=\"_ _10\"> </span>sobrevenidas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>prod<span class=\"_ _3\"></span>ucci\u00f3n <span class=\"_ _0\"></span>esp<span class=\"_ _3\"></span>erada <span class=\"_ _10\"></span>qu<span class=\"_ _f\"></span><span class=\"ls1e\">e </span>persistan en el tiem<span class=\"_ _2\"></span>po, o la evoluci\u00f3n de <span class=\"_ _2\"></span>variables macroecon\u00f3micas somo la inflaci\u00f3n <span class=\"_ _2\"></span>y los tipos de <span class=\"_ _2\"></span>inter\u00e9s. Por su parte, internamente s<span class=\"_ _3\"></span>e eval\u00faa si se ha producido<span class=\"_ _3\"></span> un deterioro f\u00edsico u obsolescencia d<span class=\"_ _3\"></span>e los activos, o si el rendimiento del activo es<span class=\"_ _3\"></span> pe<span class=\"_ _3\"></span>or de lo esperado.<span class=\"_ _3\"></span> En <span class=\"_ _13\"> </span>caso <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>existir <span class=\"_ _10\"> </span>indicios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>deterioro, <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>lleva <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cab<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>una <span class=\"_ _10\"> </span>estimaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>importe <span class=\"_ _13\"> </span>recuperable, <span class=\"_ _10\"> </span>para<span class=\"_ _3\"></span> determinar, en <span class=\"_ _d\"></span>su caso, <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>deterioro. El <span class=\"_ _d\"></span>i<span class=\"_ _3\"></span>mporte recuperable <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>mayor <span class=\"_ _2\"></span>entre el <span class=\"_ _d\"></span>valor razonable minorado p<span class=\"_ _3\"></span>or el cos<span class=\"_ _3\"></span>te de su <span class=\"_ _3\"></span>venta y <span class=\"_ _3\"></span>el valo<span class=\"_ _3\"></span><span class=\"ff6\">r \u201cen us<span class=\"_ _3\"></span>o\u201d. En el caso<span class=\"_ _3\"></span> de los <span class=\"_ _3\"></span>fondos d<span class=\"_ _3\"></span>e comercio ENCE <span class=\"_ _3\"></span>realiza de </span>forma sistem\u00e1tica el an<span class=\"_ _3\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _3\"></span>enos anualmente.<span class=\"_ _3\"></span> Los <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>\u201cen <span class=\"_ _3\"></span>uso\u201d <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>determinan <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>Unidad <span class=\"_ _3\"></span>Generadora <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Efectivo <span class=\"_ _3\"></span>(UGE). <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio adquirido en una <span class=\"_ _3\"></span>combinaci\u00f3n de negocios se distribuye entre cada <span class=\"_ _3\"></span>una de las UGE que se benefician de las sinergias <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>combinaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>negoc<span class=\"_ _3\"></span>ios. <span class=\"_ _f\"></span>Con <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>r\u00e1cter <span class=\"_ _f\"></span>general, <span class=\"_ _3\"></span>cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>el<span class=\"_ _3\"></span> Grupo desarrolla s<span class=\"_ _3\"></span>u actividad es una UGE.<span class=\"_ _3\"></span> Para determinar el valor en u<span class=\"_ _3\"></span>so de los activ<span class=\"_ _3\"></span>os sometidos a test de deterioro, s<span class=\"_ _3\"></span>e estima el valor act<span class=\"_ _3\"></span>ual de los flujos <span class=\"_ _3\"></span>netos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>caja <span class=\"_ _f\"></span>originados <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>UGE <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se a<span class=\"_ _3\"></span>socian <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>mismos, <span class=\"_ _3\"></span>exceptuan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>aq<span class=\"_ _3\"></span>uellos <span class=\"_ _3\"></span>flujos relacionados <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>pago<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>cobros <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>operacio<span class=\"_ _3\"></span>nes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>pagos <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>impuesto <span class=\"_ _10\"> </span>sobre <span class=\"_ _10\"> </span>los beneficios, as\u00ed como aqu<span class=\"_ _3\"></span>\u00e9llos que se deriven d<span class=\"_ _3\"></span>e mejoras o reformas futuras p<span class=\"_ _3\"></span>revistas para los<span class=\"_ _3\"></span> activos de las citadas un<span class=\"_ _3\"></span>idades generadoras de efectivo<span class=\"_ _3\"></span>. Los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>caja <span class=\"_ _3\"></span>estimados <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e obtienen<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>proyecciones <span class=\"_ _3\"></span>realizadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Direcci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> UGE, que en ge<span class=\"_ _2\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio aconsejan periodos <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>uperiores. <span class=\"_ _3\"></span>Las <span class=\"_ _3\"></span>tasas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>crecim<span class=\"_ _3\"></span>iento <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>precios y <span class=\"_ _f\"></span>costes d<span class=\"_ _3\"></span>irectos <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>basan <span class=\"_ _f\"></span>en los compromisos contractuales <span class=\"_ _2\"></span>firmes, <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>informaci\u00f3n <span class=\"_ _2\"></span>p\u00fablica <span class=\"_ _2\"></span>disponib<span class=\"_ _3\"></span>le, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como en <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>previsiones <span class=\"_ _2\"></span>sectoriales y <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>experiencia <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE. <span class=\"_ _d\"></span>Ad<span class=\"_ _3\"></span>icionalmente, <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>realizan an\u00e1lisis <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>sensibilidad<span class=\"_ _f\"></span> <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>relaci\u00f3n <span class=\"_ _d\"></span>con los <span class=\"_ _d\"></span>crecimientos de <span class=\"_ _10\"></span>ingresos, <span class=\"_ _10\"></span>m\u00e1rgenes <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>explot<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>sas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>descuento<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>fin <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>prever <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>futuros cambios en estas<span class=\"_ _3\"></span> variables <span class=\"_ _3\"></span>(v\u00e9ase Nota 19).  En <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>plantas d<span class=\"_ _3\"></span>e generaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>renovab<span class=\"_ _3\"></span>le encuad<span class=\"_ _3\"></span>radas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>Renovables, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que se <span class=\"_ _d\"></span>puede <span class=\"_ _2\"></span>prever <span class=\"_ _d\"></span>con <span class=\"_ _2\"></span>cierto <span class=\"_ _d\"></span>gra<span class=\"_ _3\"></span>do <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>fiabilidad<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>sus<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>flujos <span class=\"_ _2\"></span>tanto <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>fase <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>construcci\u00f3n <span class=\"_ _2\"></span>como <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>explotaci\u00f3n (activos <span class=\"_ _16\"> </span>con  producci\u00f3n <span class=\"_ _16\"> </span>estable,  amplias<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>series <span class=\"_ _16\"> </span>hist\u00f3ricas  en <span class=\"_ _16\"> </span>la  informaci\u00f3n <span class=\"_ _16\"> </span>de  mercado <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>costes  de explotaci\u00f3n con<span class=\"_ _3\"></span> poca <span class=\"_ _3\"></span>volatilidad), <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>realiza una <span class=\"_ _3\"></span>proyecci\u00f3n<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>los flujos<span class=\"_ _3\"></span> de caj<span class=\"_ _3\"></span>a esperado<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>hasta <span class=\"_ _3\"></span>el final d<span class=\"_ _3\"></span>e la vida <span class=\"_ _2\"></span>\u00fatil regulatoria <span class=\"_ _2\"></span>de cada planta, y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor residual <span class=\"_ _2\"></span>no es significativo. <span class=\"_ _2\"></span>Por su<span class=\"_ _3\"></span> parte, <span class=\"_ _2\"></span>las proyecciones <span class=\"_ _2\"></span>de flujos de caja esperados en ac<span class=\"_ _2\"></span>tivos biol\u00f3gicos abarcan un ciclo <span class=\"_ _2\"></span>productiv<span class=\"_ _3\"></span>o que <span class=\"_ _2\"></span>puede alcanzar hasta 40 a\u00f1os e igualmente no s<span class=\"_ _3\"></span>e considera valor resid<span class=\"_ _3\"></span>ual. Para <span class=\"_ _3\"></span>actualizar <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>utiliza <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>tasa <span class=\"_ _f\"></span>de descuento <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>evaluaciones <span class=\"_ _3\"></span>actuales del mercado sob<span class=\"_ _3\"></span>re el valor temporal del dinero y<span class=\"_ _3\"></span> los riesgos espec\u00edficos d<span class=\"_ _3\"></span>e cada UGE.<span class=\"_ _65\"> </span>Si se <span class=\"_ _3\"></span>estima que <span class=\"_ _3\"></span>el importe recup<span class=\"_ _3\"></span>erable de u<span class=\"_ _3\"></span>n activo <span class=\"_ _3\"></span>es inferior a <span class=\"_ _3\"></span>su valor <span class=\"_ _3\"></span>en libros, \u00e9ste \u00faltimo <span class=\"_ _3\"></span>se reduce <span class=\"_ _3\"></span>a su <span class=\"_ _19\"> </span>importe <span class=\"_ _19\"> </span>recuperabl<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>recon<span class=\"_ _3\"></span>ociendo <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>minoraci\u00f3n <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>valo<span class=\"_ _3\"></span>r <span class=\"_ _19\"> </span>correspondiente <span class=\"_ _19\"> </span>a <span class=\"_ _15\"> </span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>ep\u00edgrafe \u201cDeterioros <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>enaj<span class=\"_ _3\"></span>enaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>inmovilizado\u201d <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Resultado <span class=\"_ _0\"></span><span class=\"ff3\">con<span class=\"_ _3\"></span>solidado<span class=\"ls1f\">. </span></span>Las p\u00e9rdidas<span class=\"_ _3\"></span> por deterioro son reversib<span class=\"_ _3\"></span>les, excepto las correspon<span class=\"_ _3\"></span>dientes a los fon<span class=\"_ _3\"></span>dos de comercio.<span class=\"_ _3\"></span> Cuando <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _f\"></span>revierte <span class=\"_ _0\"></span>posteriormente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>libros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>UGE <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>crementa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la<span class=\"_ _2\"></span> estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"_ _2\"></span>el importe en libros incrementado no<span class=\"_ _65\"> </span>supere <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>habr\u00eda <span class=\"_ _10\"></span>determinado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>haberse <span class=\"_ _10\"></span>reconocido <span class=\"_ _10\"></span>ninguna <span class=\"_ _10\"> </span>p\u00e9rdida <span class=\"_ _10\"></span>por deterioro de valor par<span class=\"_ _3\"></span>a la UGE en ejercicios an<span class=\"_ _3\"></span>teriores.<span class=\"_ _65\"> </span>Deterioros de valor-<span class=\"_ _3\"></span> ENCE ev<span class=\"_ _3\"></span>al\u00faa so<span class=\"_ _3\"></span>bre una <span class=\"_ _3\"></span>base pros<span class=\"_ _3\"></span>pectiva las<span class=\"_ _3\"></span> p\u00e9rdidas<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>cr\u00e9dito esperadas<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos valorados<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>coste amortizado. En es<span class=\"_ _3\"></span>te sentido, ENCE ap<span class=\"_ _3\"></span>lica el enfoque general d<span class=\"_ _3\"></span>e c\u00e1lculo de la p\u00e9rdida <span class=\"_ _3\"></span>esperada a sus<span class=\"_ _3\"></span> activos financieros a <span class=\"_ _2\"></span>largo plazo, excepto <span class=\"_ _2\"></span>los saldos<span class=\"_ _3\"></span> come<span class=\"_ _2\"></span>rciales y <span class=\"_ _2\"></span>otras cuentas a <span class=\"_ _2\"></span>cobrar sin componente <span class=\"_ _2\"></span>financiero significativo para <span class=\"_ _3\"></span>los que aplica un enfoqu<span class=\"_ _3\"></span>e simplificado.<span class=\"_ _3\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _3\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _3\"></span>aya incrementado d<span class=\"_ _3\"></span>e forma significativa <span class=\"_ _3\"></span>desde su reconocimi<span class=\"_ _3\"></span>ento inicial.<span class=\"_ _3\"></span> Bajo <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>enfoque <span class=\"_ _2\"></span>simplificado, <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>consideran las <span class=\"_ _d\"></span>p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas <span class=\"_ _2\"></span>durante <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>vida <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>act<span class=\"_ _3\"></span>ivo. <span class=\"_ _2\"></span> <span class=\"_ _d\"></span>Este modelo <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ll<span class=\"_ _3\"></span>eva <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>teniendo <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>ideraci\u00f3n <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _3\"></span>e, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>cobertu<span class=\"_ _3\"></span>ra <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>seguro <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>cr\u00e9dito disponible, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>experiencia <span class=\"_ _2\"></span>hist\u00f3rica <span class=\"_ _2\"></span>referente <span class=\"_ _d\"></span>al <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go <span class=\"_ _d\"></span>crediticio<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>\u00faltimos <span class=\"_ _2\"></span>cinco <span class=\"_ _d\"></span>a\u00f1os<span class=\"_ _3\"></span>. <span class=\"_ _d\"></span>El <span class=\"_ _2\"></span>modelo<span class=\"_ _65\"> </span>incorpora <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>umbral <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>180 <span class=\"_ _f\"></span>d\u00edas <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>mora <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>consideraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>prod<span class=\"_ _3\"></span>ucido <span class=\"_ _f\"></span>un impago <span class=\"_ _2\"></span>definitivo. Estos <span class=\"_ _d\"></span>criterios son <span class=\"_ _2\"></span>aplicados <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>ausencia <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>otras<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>evidencias objetivas de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>incumplimiento, como <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>uedan <span class=\"_ _2\"></span>ser <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>situ<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>concursales, <span class=\"_ _2\"></span>etc. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>ejercicios <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>4 <span class=\"_ _d\"></span>no se <span class=\"_ _d\"></span>han <span class=\"_ _2\"></span>registrado <span class=\"_ _2\"></span>importes significativos po<span class=\"_ _3\"></span>r este concepto en el Esta<span class=\"_ _3\"></span>do de Resultado cons<span class=\"_ _3\"></span>olidado.<span class=\"_ _3\"></span> Las <span class=\"_ _3\"></span>dotaciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>reversion<span class=\"_ _3\"></span>es de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>correcciones <span class=\"_ _3\"></span>valorativ<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>comerciales<span class=\"_ _3\"></span> a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>registran <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>activos <span class=\"_ _0\"></span>financieros\u201d<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado consolidado.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "3.4<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Activos biol\u00f3gicos </span>El <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>cultiva <span class=\"_ _f\"></span>diversas <span class=\"_ _f\"></span>especies <span class=\"_ _f\"></span>forestales, <span class=\"_ _f\"></span>principalmente <span class=\"_ _f\"></span>eucaliptos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>especies <span class=\"_ _f\"></span>Globulus <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Nitens, utilizadas como <span class=\"_ _d\"></span>materia prima <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>procesos productivos <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>ENCE, <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>bien, <span class=\"_ _2\"></span>para su <span class=\"_ _d\"></span>venta a <span class=\"_ _d\"></span>terceros. En <span class=\"_ _2\"></span>este sentido, <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>consideran <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>biol\u00f3<span class=\"_ _3\"></span>gicos <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>vuelos <span class=\"_ _3\"></span>for<span class=\"_ _3\"></span>estales. <span class=\"_ _f\"></span>Los <span class=\"_ _f\"></span>suelos <span class=\"_ _3\"></span>forestales <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>valoran <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>acuerdo con <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>NIC <span class=\"_ _2\"></span>16 <span class=\"_ _2\"></span>\u201cPropiedad, <span class=\"_ _2\"></span>planta <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>equipo\u201d <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>registran e<span class=\"_ _2\"></span>n dicho <span class=\"_ _d\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Si<span class=\"_ _3\"></span>tuaci\u00f3n <span class=\"_ _2\"></span>Financiera consolidado <span class=\"_ _3\"></span>(v\u00e9ase Nota 3.3).<span class=\"_ _3\"></span> El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>valora <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></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=\"_ _0\"></span>adqu<span class=\"_ _3\"></span>isici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>producci\u00f3n, <span class=\"_ _0\"></span>deducidos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>agotami<span class=\"_ _3\"></span>ento forestal as\u00ed como, en s<span class=\"_ _3\"></span>u caso, las p\u00e9rdid<span class=\"_ _3\"></span>as por deterioro de valor. <span class=\"_ _f\"></span> La <span class=\"_ _f\"></span>inversi\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>patrimonio<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>forestal <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alora <span class=\"_ _f\"></span>imputando <span class=\"_ _f\"></span>todos <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>costes <span class=\"_ _f\"></span>directamente <span class=\"_ _f\"></span>incurridos <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la adquisici\u00f3n y <span class=\"_ _2\"></span>desarrollo de <span class=\"_ _2\"></span>\u00e9ste; <span class=\"_ _d\"></span>alq<span class=\"_ _3\"></span>uileres, limpie<span class=\"_ _2\"></span>za y <span class=\"_ _2\"></span>preparaci\u00f3n de terre<span class=\"_ _2\"></span>nos, plantaciones, fertilizaciones, cuidado <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>conservaci\u00f3n, <span class=\"_ _10\"></span>etc. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>trata<span class=\"_ _3\"></span>rse <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>necesitan <span class=\"_ _f\"></span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>esta<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>en condiciones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>uso, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>incorporan <span class=\"_ _f\"></span>como may<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ctivo <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>gastos <span class=\"_ _3\"></span>financieros <span class=\"_ _f\"></span>devengados <span class=\"_ _3\"></span>hasta<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el momento <span class=\"_ _16\"> </span>de  la <span class=\"_ _16\"> </span>corta,  po<span class=\"_ _3\"></span>r  la <span class=\"_ _16\"> </span>parte <span class=\"_ _16\"> </span>de  la <span class=\"_ _16\"> </span>inversi\u00f3n <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>se  cons<span class=\"_ _3\"></span>idera  financia<span class=\"_ _f\"></span>da  co<span class=\"_ _3\"></span>n  recu<span class=\"_ _3\"></span>rsos <span class=\"_ _16\"> </span>ajenos (actualmente <span class=\"_ _f\"></span>poco <span class=\"_ _f\"></span>representativa). <span class=\"_ _f\"></span>La <span class=\"_ _f\"></span>tasa <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>inter\u00e9s <span class=\"_ _f\"></span>utilizada <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>tasa <span class=\"_ _f\"></span>media <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>fina<span class=\"_ _2\"></span>nciaci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo (v\u00e9ase Nota 28).  Los sumideros <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>carbono <span class=\"_ _2\"></span>acreditados <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>consecuencia de <span class=\"_ _d\"></span>la ge<span class=\"_ _2\"></span>sti\u00f3n forestal <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>ostenible <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>conservaci\u00f3n de <span class=\"_ _f\"></span>ecosistemas <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>considerados <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>producto <span class=\"_ _f\"></span>complementario <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>gesti\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>patrimo<span class=\"_ _3\"></span>nio <span class=\"_ _f\"></span>forestal, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>se valoran, <span class=\"_ _2\"></span>cuando <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>acreditan, <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>valor <span class=\"_ _d\"></span>ra<span class=\"_ _3\"></span>zon<span class=\"_ _3\"></span>able, <span class=\"_ _d\"></span>con <span class=\"ff6\">car<span class=\"_ _2\"></span>go <span class=\"_ _d\"></span>a \u201cExistencias\u201d <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>con <span class=\"_ _d\"></span>abon<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _d\"></span>\u201cOtros<span class=\"_ _65\"> </span></span>pasivos <span class=\"_ _3\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>corrientes <span class=\"_ _f\"></span><span class=\"ff6\">\u2013</span> <span class=\"ff6\">in<span class=\"_ _3\"></span>gresos <span class=\"_ _f\"></span>a d<span class=\"_ _3\"></span>istribuir <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>varios <span class=\"_ _3\"></span>ejercicios\u201d<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>mismo i<span class=\"_ _3\"></span>mporte. <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>momento <span class=\"_ _3\"></span>de su venta, se cancela el p<span class=\"_ _3\"></span>asivo previamente reconocido<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>tiempo <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>trans<span class=\"_ _3\"></span>curre <span class=\"_ _f\"></span>desde <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>plantaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>eucaliptal <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>pen\u00edns<span class=\"_ _3\"></span>ula <span class=\"_ _f\"></span>ib\u00e9rica hasta <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>econ\u00f3micamente <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>reco<span class=\"_ _3\"></span>mendable <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>destoconado <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>posterior <span class=\"_ _2\"></span>replantaci\u00f3n <span class=\"_ _d\"></span>es <span class=\"_ _2\"></span>variable <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>funci\u00f3n de <span class=\"_ _3\"></span>la es<span class=\"_ _3\"></span>pecie. <span class=\"_ _3\"></span>As\u00ed, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>especie <span class=\"_ _3\"></span>Globulus,<span class=\"_ _3\"></span> es<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>per\u00edod<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de ap<span class=\"_ _3\"></span>roximadamente <span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>-40 <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>ya <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue el <span class=\"_ _3\"></span>\u00e1rbol<span class=\"_ _3\"></span> rebrota <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>corta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>eficiente <span class=\"_ _10\"></span>al <span class=\"_ _f\"></span>menos <span class=\"_ _10\"></span>2 <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>eces <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>aprov<span class=\"_ _3\"></span>echamiento. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>sentido, <span class=\"_ _f\"></span>los costes <span class=\"_ _0\"></span>incurridos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>biol\u00f3gicos <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>agrupan <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>dos <span class=\"_ _0\"></span>categor\u00edas; <span class=\"_ _0\"></span>c<span class=\"_ _f\"></span>ostes <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>ciclo, categor\u00eda  que  incluy<span class=\"_ _3\"></span>e  los  cos<span class=\"_ _3\"></span>tes  incurridos<span class=\"_ _3\"></span>,  principalmente  asociados<span class=\"_ _3\"></span>  al  proceso  d<span class=\"_ _3\"></span>e  plantaci\u00f3n  y  qu<span class=\"_ _3\"></span>e contribuir\u00e1n al <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>esarrollo <span class=\"_ _2\"></span>del activo <span class=\"_ _2\"></span>biol\u00f3gico <span class=\"_ _2\"></span>durante <span class=\"_ _2\"></span>el cic<span class=\"_ _2\"></span>lo completo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>35<span class=\"_ _3\"></span>-40 <span class=\"_ _2\"></span>a\u00f1os, y <span class=\"_ _d\"></span>c<span class=\"_ _3\"></span>ostes de <span class=\"_ _d\"></span>turn<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>que son <span class=\"_ _3\"></span>aquellos que <span class=\"_ _3\"></span>contribuyen<span class=\"_ _3\"></span> al desarro<span class=\"_ _3\"></span>llo de los <span class=\"_ _3\"></span>activos b<span class=\"_ _3\"></span>iol\u00f3gicos en el <span class=\"_ _3\"></span>turno <span class=\"_ _3\"></span>en que s<span class=\"_ _3\"></span>e encuentran h<span class=\"_ _3\"></span>asta el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>rovechamiento<span class=\"_ _3\"></span>-corta. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>arte, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>especie <span class=\"_ _0\"></span>Nitens<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>periodos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>turno <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>ciclo coinciden <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ra<span class=\"_ _3\"></span>ngo <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>11<span class=\"_ _3\"></span>-15 <span class=\"_ _10\"></span>a\u00f1os, <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>roducirse <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>rebrote <span class=\"_ _0\"></span>efici<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>e, <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>todos <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes considerados en<span class=\"_ _3\"></span> su desarrollo son con<span class=\"_ _3\"></span>siderados costes de turno. <span class=\"_ _3\"></span> En e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>momento <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>recolecci\u00f3n del <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>uelo <span class=\"_ _2\"></span>forestal <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>reduce <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>activo <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>trav\u00e9s de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cuenta \u201cActivos biol\u00f3gicos <span class=\"_ _f\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ff6\">agotamiento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>erva <span class=\"_ _3\"></span>forestal\u201d <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconoce <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>gasto <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cAgotamiento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la </span>reserva forestal\u201d del Estado <span class=\"_ _2\"></span>de Result<span class=\"ff3\">ado consolidado por el coste incurrido en<span class=\"_ _2\"></span> su producci\u00f3n. La cuant\u00eda <span class=\"_ _2\"></span>de </span>dicha <span class=\"_ _2\"></span>reducci\u00f3n <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>corresp<span class=\"_ _3\"></span>onde <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>100% <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>turn<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>incu<span class=\"_ _3\"></span>rridos, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>parte <span class=\"_ _d\"></span>prop<span class=\"_ _3\"></span>orcional de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes <span class=\"_ _f\"></span>de ciclo, <span class=\"_ _3\"></span>estimad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>turnos <span class=\"_ _f\"></span>previstos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ciclo. As<span class=\"_ _3\"></span>imismo, <span class=\"_ _3\"></span>cuando el <span class=\"_ _0\"></span>vuelo <span class=\"_ _10\"></span>forestal <span class=\"_ _0\"></span>llega <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>final <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>ciclo <span class=\"_ _0\"></span>productiv<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>baj<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>\u00edntegramente <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _10\"> </span>del <span class=\"_ _0\"></span>activo <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>su agotamiento forestal acumula<span class=\"_ _3\"></span>do.<span class=\"_ _3\"></span> No existe un mercado a<span class=\"_ _3\"></span>ctivo del Eucalipto en Espa\u00f1<span class=\"_ _3\"></span>a, y las caracter\u00edsticas de las tran<span class=\"_ _3\"></span>sacciones que se llevan a  cabo  no <span class=\"_ _13\"> </span>han  permitido  hasta  la <span class=\"_ _13\"> </span>fecha  identificar  referencias  de  precio <span class=\"_ _13\"> </span>de  mercado  v\u00e1lidas  para <span class=\"_ _13\"> </span>su extrapolaci\u00f3n <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>fores<span class=\"_ _3\"></span>tal d<span class=\"_ _3\"></span>e E<span class=\"_ _3\"></span>NCE. <span class=\"_ _f\"></span>Por otra <span class=\"_ _3\"></span>parte, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>aplicaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>m\u00e9todos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>alternativos <span class=\"_ _3\"></span>que plantea <span class=\"_ _13\"> </span>NIIF <span class=\"_ _13\"> </span>13 <span class=\"_ _10\"> </span>par<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>determinar <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>razonable, <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>ha <span class=\"_ _10\"> </span>permitido <span class=\"_ _13\"> </span>cuantificar <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>fiabilidad <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>valor razonable <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _0\"></span>biol\u00f3gicos, <span class=\"_ _10\"></span>debido <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>otros <span class=\"_ _10\"></span>factores, <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>asunciones <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>estim<span class=\"_ _f\"></span>aciones <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se deben llevar a <span class=\"_ _3\"></span>cabo y al impac<span class=\"_ _3\"></span>to que las mis<span class=\"_ _3\"></span>mas tienen en l<span class=\"_ _3\"></span>os resultad<span class=\"_ _3\"></span>os de la cuantificac<span class=\"_ _3\"></span>i\u00f3n. Por todo ello,<span class=\"_ _3\"></span> el Grupo no valo<span class=\"_ _3\"></span>ra sus activos biol\u00f3gicos<span class=\"_ _3\"></span> a valor razon<span class=\"_ _3\"></span>able. ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"_ _2\"></span>descuento de los flujos futuros <span class=\"_ _f\"></span>previstos, <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>consid<span class=\"_ _3\"></span>erado <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>suficientemente <span class=\"_ _f\"></span>fiable <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>ser <span class=\"_ _f\"></span>utilizado <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>valoraci\u00f3n <span class=\"_ _f\"></span>a valor razonable <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>biol\u00f3gicos, si <span class=\"_ _2\"></span>bien, su <span class=\"_ _2\"></span>utilizaci\u00f3n consistente <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el tiem<span class=\"_ _2\"></span>po s\u00ed <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ermite <span class=\"_ _2\"></span>identificar rangos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>tendencias <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se tienen<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>ideraci\u00f3n <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>evaluar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>existencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>posibles <span class=\"_ _f\"></span>indicios <span class=\"_ _3\"></span>de deterioro de valor en los<span class=\"_ _3\"></span> activos biol\u00f3<span class=\"_ _3\"></span>gicos.<span class=\"_ _65\"> </span>  El <span class=\"_ _15\"> </span>valor <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>libros <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>los <span class=\"_ _15\"> </span>activos<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>biol\u00f3gicos <span class=\"_ _15\"> </span>recogido <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>cuentas <span class=\"_ _15\"> </span>anuales <span class=\"_ _15\"> </span>consolidad<span class=\"_ _3\"></span>as <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>E<span class=\"_ _3\"></span>NCE correspondientes <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>ejercicio <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>no <span class=\"_ _0\"></span>difiere <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _0\"></span>significativa <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>razonab<span class=\"_ _3\"></span>le <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></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 N<span class=\"_ _3\"></span>ota 3.5, <span class=\"_ _3\"></span>y cons<span class=\"_ _3\"></span>iderando p<span class=\"_ _3\"></span>recios de venta d<span class=\"_ _3\"></span>e la madera al<span class=\"_ _3\"></span>ineados con lo<span class=\"_ _3\"></span>s precios actuales<span class=\"_ _3\"></span> de venta en <span class=\"_ _3\"></span>el caso <span class=\"_ _3\"></span>de mad<span class=\"_ _3\"></span>era qu<span class=\"_ _3\"></span>e tiene co<span class=\"_ _3\"></span>mo destin<span class=\"_ _3\"></span>o su <span class=\"_ _3\"></span>venta <span class=\"_ _3\"></span>a terceros, <span class=\"_ _3\"></span>y con<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>precio<span class=\"_ _f\"></span>s de compra <span class=\"_ _3\"></span>de las<span class=\"_ _3\"></span> plantas d<span class=\"_ _3\"></span>e producci\u00f3n de celulosa en el cas<span class=\"_ _3\"></span>o de madera del patrimonio foresta<span class=\"_ _3\"></span>l con ese destino.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "3.5<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Deterioro de valor de a<span class=\"_ _2\"></span>ctivos no finan<span class=\"_ _2\"></span>cieros </span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>revisa, al <span class=\"_ _3\"></span>menos<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cierre de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>ejercicio, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>financieros, entre los <span class=\"_ _3\"></span>que s<span class=\"_ _3\"></span>e incluyen <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>activos materiales,<span class=\"_ _3\"></span> los <span class=\"_ _3\"></span>activos po<span class=\"_ _3\"></span>r derecho d<span class=\"_ _3\"></span>e uso, <span class=\"_ _3\"></span>el fondo <span class=\"_ _3\"></span>de comer<span class=\"_ _3\"></span>cio junto<span class=\"_ _3\"></span> a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>otros <span class=\"_ _3\"></span>activos <span class=\"_ _f\"></span>intangibles, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span><span class=\"ff6\">activos <span class=\"_ _f\"></span>biol\u00f3gicos, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>\u201cInversiones <span class=\"_ _f\"></span>contabilizadas <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la </span>participaci\u00f3n\u201d <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminar <span class=\"_ _3\"></span>si <span class=\"_ _f\"></span>existe <span class=\"_ _3\"></span>alg\u00fan <span class=\"_ _f\"></span>indicio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>hayan <span class=\"_ _3\"></span>sufrido <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _f\"></span>por deterioro, y <span class=\"_ _2\"></span>por tanto <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e e<span class=\"_ _2\"></span>spera recuperar <span class=\"_ _2\"></span>de su <span class=\"_ _2\"></span>uso o<span class=\"_ _2\"></span> disposici\u00f3n<span class=\"_ _3\"></span> e<span class=\"_ _2\"></span>s infe<span class=\"_ _2\"></span>rior a <span class=\"_ _2\"></span>su valor <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>libros.<span class=\"_ _65\"> </span>ENCE <span class=\"_ _16\"> </span>utiliza<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>tanto <span class=\"_ _16\"> </span>fuentes<span class=\"_ _3\"></span>  d<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>informaci\u00f3n <span class=\"_ _16\"> </span>internas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>como <span class=\"_ _16\"> </span>externas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>para <span class=\"_ _19\"> </span>evaluar <span class=\"_ _16\"> </span>pos<span class=\"_ _3\"></span>ibles <span class=\"_ _16\"> </span>indicios <span class=\"_ _19\"> </span>de deterioro. <span class=\"_ _13\"> </span>Entre  las <span class=\"_ _13\"> </span>fuentes <span class=\"_ _10\"> </span>externas<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>consideran  disminuciones <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mercado <span class=\"_ _13\"> </span>considerando transacciones comparables, <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>evoluci\u00f3n <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>precios <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>futuro <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>celulosa <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>energ\u00eda <span class=\"_ _d\"></span>ren<span class=\"_ _3\"></span>ovable, <span class=\"_ _2\"></span>posibles cambios <span class=\"_ _3\"></span>futuro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>advers<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ento<span class=\"_ _3\"></span>rno <span class=\"_ _3\"></span>legal, <span class=\"_ _f\"></span>econ\u00f3mico <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>tecnol\u00f3gico <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>udieran <span class=\"_ _3\"></span>poner <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>manifiesto una <span class=\"_ _10\"></span>p\u00e9rdida <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _10\"> </span>recuperable <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _10\"></span>activos, <span class=\"_ _10\"></span>merm<span class=\"_ _2\"></span>as <span class=\"_ _10\"> </span>sobrevenidas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>prod<span class=\"_ _3\"></span>ucci\u00f3n <span class=\"_ _0\"></span>esp<span class=\"_ _3\"></span>erada <span class=\"_ _10\"></span>qu<span class=\"_ _f\"></span><span class=\"ls1e\">e </span>persistan en el tiem<span class=\"_ _2\"></span>po, o la evoluci\u00f3n de <span class=\"_ _2\"></span>variables macroecon\u00f3micas somo la inflaci\u00f3n <span class=\"_ _2\"></span>y los tipos de <span class=\"_ _2\"></span>inter\u00e9s. Por su parte, internamente s<span class=\"_ _3\"></span>e eval\u00faa si se ha producido<span class=\"_ _3\"></span> un deterioro f\u00edsico u obsolescencia d<span class=\"_ _3\"></span>e los activos, o si el rendimiento del activo es<span class=\"_ _3\"></span> pe<span class=\"_ _3\"></span>or de lo esperado.<span class=\"_ _3\"></span> En <span class=\"_ _13\"> </span>caso <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>existir <span class=\"_ _10\"> </span>indicios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>deterioro, <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>lleva <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cab<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>una <span class=\"_ _10\"> </span>estimaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>importe <span class=\"_ _13\"> </span>recuperable, <span class=\"_ _10\"> </span>para<span class=\"_ _3\"></span> determinar, en <span class=\"_ _d\"></span>su caso, <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>deterioro. El <span class=\"_ _d\"></span>i<span class=\"_ _3\"></span>mporte recuperable <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>mayor <span class=\"_ _2\"></span>entre el <span class=\"_ _d\"></span>valor razonable minorado p<span class=\"_ _3\"></span>or el cos<span class=\"_ _3\"></span>te de su <span class=\"_ _3\"></span>venta y <span class=\"_ _3\"></span>el valo<span class=\"_ _3\"></span><span class=\"ff6\">r \u201cen us<span class=\"_ _3\"></span>o\u201d. En el caso<span class=\"_ _3\"></span> de los <span class=\"_ _3\"></span>fondos d<span class=\"_ _3\"></span>e comercio ENCE <span class=\"_ _3\"></span>realiza de </span>forma sistem\u00e1tica el an<span class=\"_ _3\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _3\"></span>enos anualmente.<span class=\"_ _3\"></span> Los <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>\u201cen <span class=\"_ _3\"></span>uso\u201d <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>determinan <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>Unidad <span class=\"_ _3\"></span>Generadora <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Efectivo <span class=\"_ _3\"></span>(UGE). <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>comercio adquirido en una <span class=\"_ _3\"></span>combinaci\u00f3n de negocios se distribuye entre cada <span class=\"_ _3\"></span>una de las UGE que se benefician de las sinergias <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>combinaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>negoc<span class=\"_ _3\"></span>ios. <span class=\"_ _f\"></span>Con <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>r\u00e1cter <span class=\"_ _f\"></span>general, <span class=\"_ _3\"></span>cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>el<span class=\"_ _3\"></span> Grupo desarrolla s<span class=\"_ _3\"></span>u actividad es una UGE.<span class=\"_ _3\"></span> Para determinar el valor en u<span class=\"_ _3\"></span>so de los activ<span class=\"_ _3\"></span>os sometidos a test de deterioro, s<span class=\"_ _3\"></span>e estima el valor act<span class=\"_ _3\"></span>ual de los flujos <span class=\"_ _3\"></span>netos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>caja <span class=\"_ _f\"></span>originados <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>UGE <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se a<span class=\"_ _3\"></span>socian <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>mismos, <span class=\"_ _3\"></span>exceptuan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>aq<span class=\"_ _3\"></span>uellos <span class=\"_ _3\"></span>flujos relacionados <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>pago<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>cobros <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>operacio<span class=\"_ _3\"></span>nes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>pagos <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>impuesto <span class=\"_ _10\"> </span>sobre <span class=\"_ _10\"> </span>los beneficios, as\u00ed como aqu<span class=\"_ _3\"></span>\u00e9llos que se deriven d<span class=\"_ _3\"></span>e mejoras o reformas futuras p<span class=\"_ _3\"></span>revistas para los<span class=\"_ _3\"></span> activos de las citadas un<span class=\"_ _3\"></span>idades generadoras de efectivo<span class=\"_ _3\"></span>. Los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>caja <span class=\"_ _3\"></span>estimados <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e obtienen<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>proyecciones <span class=\"_ _3\"></span>realizadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Direcci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> UGE, que en ge<span class=\"_ _2\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio aconsejan periodos <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>uperiores. <span class=\"_ _3\"></span>Las <span class=\"_ _3\"></span>tasas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>crecim<span class=\"_ _3\"></span>iento <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>precios y <span class=\"_ _f\"></span>costes d<span class=\"_ _3\"></span>irectos <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>basan <span class=\"_ _f\"></span>en los compromisos contractuales <span class=\"_ _2\"></span>firmes, <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>informaci\u00f3n <span class=\"_ _2\"></span>p\u00fablica <span class=\"_ _2\"></span>disponib<span class=\"_ _3\"></span>le, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como en <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>previsiones <span class=\"_ _2\"></span>sectoriales y <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>experiencia <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE. <span class=\"_ _d\"></span>Ad<span class=\"_ _3\"></span>icionalmente, <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>realizan an\u00e1lisis <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>sensibilidad<span class=\"_ _f\"></span> <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>relaci\u00f3n <span class=\"_ _d\"></span>con los <span class=\"_ _d\"></span>crecimientos de <span class=\"_ _10\"></span>ingresos, <span class=\"_ _10\"></span>m\u00e1rgenes <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>explot<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>sas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>descuento<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>fin <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>prever <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>futuros cambios en estas<span class=\"_ _3\"></span> variables <span class=\"_ _3\"></span>(v\u00e9ase Nota 19).  En <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>plantas d<span class=\"_ _3\"></span>e generaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>renovab<span class=\"_ _3\"></span>le encuad<span class=\"_ _3\"></span>radas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>Renovables, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que se <span class=\"_ _d\"></span>puede <span class=\"_ _2\"></span>prever <span class=\"_ _d\"></span>con <span class=\"_ _2\"></span>cierto <span class=\"_ _d\"></span>gra<span class=\"_ _3\"></span>do <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>fiabilidad<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>sus<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>flujos <span class=\"_ _2\"></span>tanto <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>fase <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>construcci\u00f3n <span class=\"_ _2\"></span>como <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>explotaci\u00f3n (activos <span class=\"_ _16\"> </span>con  producci\u00f3n <span class=\"_ _16\"> </span>estable,  amplias<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>series <span class=\"_ _16\"> </span>hist\u00f3ricas  en <span class=\"_ _16\"> </span>la  informaci\u00f3n <span class=\"_ _16\"> </span>de  mercado <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>costes  de explotaci\u00f3n con<span class=\"_ _3\"></span> poca <span class=\"_ _3\"></span>volatilidad), <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>realiza una <span class=\"_ _3\"></span>proyecci\u00f3n<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>los flujos<span class=\"_ _3\"></span> de caj<span class=\"_ _3\"></span>a esperado<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>hasta <span class=\"_ _3\"></span>el final d<span class=\"_ _3\"></span>e la vida <span class=\"_ _2\"></span>\u00fatil regulatoria <span class=\"_ _2\"></span>de cada planta, y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor residual <span class=\"_ _2\"></span>no es significativo. <span class=\"_ _2\"></span>Por su<span class=\"_ _3\"></span> parte, <span class=\"_ _2\"></span>las proyecciones <span class=\"_ _2\"></span>de flujos de caja esperados en ac<span class=\"_ _2\"></span>tivos biol\u00f3gicos abarcan un ciclo <span class=\"_ _2\"></span>productiv<span class=\"_ _3\"></span>o que <span class=\"_ _2\"></span>puede alcanzar hasta 40 a\u00f1os e igualmente no s<span class=\"_ _3\"></span>e considera valor resid<span class=\"_ _3\"></span>ual. Para <span class=\"_ _3\"></span>actualizar <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>utiliza <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>tasa <span class=\"_ _f\"></span>de descuento <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>evaluaciones <span class=\"_ _3\"></span>actuales del mercado sob<span class=\"_ _3\"></span>re el valor temporal del dinero y<span class=\"_ _3\"></span> los riesgos espec\u00edficos d<span class=\"_ _3\"></span>e cada UGE.<span class=\"_ _65\"> </span>Si se <span class=\"_ _3\"></span>estima que <span class=\"_ _3\"></span>el importe recup<span class=\"_ _3\"></span>erable de u<span class=\"_ _3\"></span>n activo <span class=\"_ _3\"></span>es inferior a <span class=\"_ _3\"></span>su valor <span class=\"_ _3\"></span>en libros, \u00e9ste \u00faltimo <span class=\"_ _3\"></span>se reduce <span class=\"_ _3\"></span>a su <span class=\"_ _19\"> </span>importe <span class=\"_ _19\"> </span>recuperabl<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>recon<span class=\"_ _3\"></span>ociendo <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>minoraci\u00f3n <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>valo<span class=\"_ _3\"></span>r <span class=\"_ _19\"> </span>correspondiente <span class=\"_ _19\"> </span>a <span class=\"_ _15\"> </span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>ep\u00edgrafe \u201cDeterioros <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>enaj<span class=\"_ _3\"></span>enaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>inmovilizado\u201d <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Resultado <span class=\"_ _0\"></span><span class=\"ff3\">con<span class=\"_ _3\"></span>solidado<span class=\"ls1f\">. </span></span>Las p\u00e9rdidas<span class=\"_ _3\"></span> por deterioro son reversib<span class=\"_ _3\"></span>les, excepto las correspon<span class=\"_ _3\"></span>dientes a los fon<span class=\"_ _3\"></span>dos de comercio.<span class=\"_ _3\"></span> Cuando <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _f\"></span>revierte <span class=\"_ _0\"></span>posteriormente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>libros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>UGE <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>crementa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la<span class=\"_ _2\"></span> estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"_ _2\"></span>el importe en libros incrementado no<span class=\"_ _65\"> </span>supere <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>habr\u00eda <span class=\"_ _10\"></span>determinado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>haberse <span class=\"_ _10\"></span>reconocido <span class=\"_ _10\"></span>ninguna <span class=\"_ _10\"> </span>p\u00e9rdida <span class=\"_ _10\"></span>por deterioro de valor par<span class=\"_ _3\"></span>a la UGE en ejercicios an<span class=\"_ _3\"></span>teriores.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "3.6<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Arrendamientos </span>ENCE <span class=\"_ _f\"></span>act\u00faa <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>arrendatario <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>concesionario <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>determinados <span class=\"_ _f\"></span>activos, <span class=\"_ _3\"></span>principa<span class=\"_ _3\"></span>lmente <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>uelo <span class=\"_ _3\"></span>ind<span class=\"_ _3\"></span>ustrial <span class=\"_ _3\"></span>y forestal, <span class=\"_ _f\"></span>equipamiento <span class=\"_ _f\"></span>indu<span class=\"_ _3\"></span>strial <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>veh\u00edculos. <span class=\"_ _f\"></span>Un <span class=\"_ _f\"></span>contrato <span class=\"_ _f\"></span>contiene <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>arrendamiento,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cuando <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>tiene <span class=\"_ _f\"></span>el derecho a dirigir el uso d<span class=\"_ _3\"></span>e un activo po<span class=\"_ _3\"></span>r un period<span class=\"_ _3\"></span>o de tiempo a cambio <span class=\"_ _3\"></span>de una contra<span class=\"_ _3\"></span>prestaci\u00f3n.<span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>arrendamientos <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>inicio<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>arrendamien<span class=\"_ _3\"></span>to, <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>activo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>derecho <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>uso <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el correspondiente pas<span class=\"_ _3\"></span>ivo por el valor presente d<span class=\"_ _3\"></span>e las cuotas de arrendamiento p<span class=\"_ _3\"></span>endientes d<span class=\"_ _3\"></span>e pago. <span class=\"_ _f\"></span> En <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>determinaci\u00f3n <span class=\"_ _17\"> </span>del <span class=\"_ _15\"> </span>p<span class=\"_ _3\"></span>lazo <span class=\"_ _17\"> </span>de <span class=\"_ _15\"> </span>ar<span class=\"_ _3\"></span>rendamiento, <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>considera <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>duraci\u00f3n <span class=\"_ _17\"> </span>inicial <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>trato <span class=\"_ _17\"> </span>de arrendamiento, as\u00ed como <span class=\"_ _2\"></span>las pr\u00f3rrogas que <span class=\"_ _2\"></span>se e<span class=\"_ _2\"></span>spera razonablemente que <span class=\"_ _2\"></span>se van <span class=\"_ _2\"></span>a producir y <span class=\"_ _2\"></span>cuyo ejercicio es discrecional para <span class=\"_ _3\"></span>ENCE.  En <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>determinaci\u00f3n <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>pasivo <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>derecho <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>uso <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>sidera <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>valor <span class=\"_ _13\"> </span>presente<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _13\"> </span>cuotas <span class=\"_ _10\"> </span>de arrendamiento <span class=\"_ _2\"></span>pendientes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>pago, <span class=\"_ _d\"></span>menos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>cualq<span class=\"_ _3\"></span>uier <span class=\"_ _d\"></span>incenti<span class=\"_ _3\"></span>vo <span class=\"_ _2\"></span>recibido <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>arrendamien<span class=\"_ _3\"></span>to, <span class=\"_ _d\"></span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>agos variables que dependen <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>un \u00edndice o <span class=\"_ _2\"></span>tasa, los importes que se <span class=\"_ _2\"></span>espera pagar <span class=\"_ _2\"></span>por garant\u00eda de <span class=\"_ _2\"></span>valor residual, el  precio  de  la <span class=\"_ _13\"> </span>opci\u00f3n  de  compra  si  se  prev\u00e9  que  se <span class=\"_ _13\"> </span>ejercitar\u00e1  y  los  pagos  por  ind<span class=\"_ _2\"></span>emnizaciones  por cancelaci\u00f3n  de <span class=\"_ _16\"> </span>contrato,  sie<span class=\"_ _3\"></span>mpre  que  el  plaz<span class=\"_ _3\"></span>o  de  arr<span class=\"_ _3\"></span>endamiento  reflej<span class=\"_ _3\"></span>e  el  ejercicio<span class=\"_ _3\"></span>  de  la  op<span class=\"_ _3\"></span>ci\u00f3n  d<span class=\"_ _f\"></span><span class=\"ls20\">e </span>cancelaci\u00f3n. <span class=\"_ _3\"></span>Los <span class=\"_ _3\"></span>pagos<span class=\"_ _3\"></span> v<span class=\"_ _3\"></span>ariables <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>incluido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _3\"></span>inicial <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>pasivo<span class=\"_ _3\"></span>, se <span class=\"_ _3\"></span>reconoc<span class=\"_ _3\"></span>en en<span class=\"_ _3\"></span> resultados <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>devengo. <span class=\"_ _10\"> </span>La<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>cuotas <span class=\"_ _10\"> </span>son <span class=\"_ _10\"></span>actualizadas <span class=\"_ _10\"> </span>considerand<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>tasa <span class=\"_ _10\"></span>increme<span class=\"_ _2\"></span>ntal <span class=\"_ _10\"> </span>de endeudamiento <span class=\"_ _3\"></span>estimada,<span class=\"_ _3\"></span> q<span class=\"_ _3\"></span>ue es<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e tend<span class=\"_ _3\"></span>r\u00eda q<span class=\"_ _3\"></span>ue p<span class=\"_ _3\"></span>agar <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>arrendatar<span class=\"_ _3\"></span>io al <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>icio del <span class=\"_ _3\"></span>arrendamiento <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r un pr\u00e9stamo s<span class=\"_ _3\"></span>imilar en cuanto a importe, <span class=\"_ _3\"></span>plazo y garant\u00edas<span class=\"_ _3\"></span>.  Tras <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>reconocimiento <span class=\"_ _f\"></span>inicial<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>valora <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>pasivo <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>arrendamiento <span class=\"_ _f\"></span>increment\u00e1n<span class=\"_ _3\"></span>dolo <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>gasto financiero <span class=\"_ _10\"> </span>devengado, <span class=\"_ _10\"> </span>disminuy<span class=\"_ _3\"></span>\u00e9ndolo <span class=\"_ _10\"> </span>por <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>pagos <span class=\"_ _10\"></span>realizados <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>reestimando <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>table <span class=\"_ _10\"> </span>por <span class=\"_ _10\"></span>las modificaciones del arrend<span class=\"_ _3\"></span>amiento o para <span class=\"_ _3\"></span>reflejar las a<span class=\"_ _3\"></span>ctualizaciones de los<span class=\"_ _3\"></span> pagos fijos.<span class=\"_ _3\"></span> Por su<span class=\"_ _3\"></span> parte, <span class=\"_ _3\"></span>el activo <span class=\"_ _3\"></span>por el <span class=\"_ _3\"></span>derecho de u<span class=\"_ _3\"></span>so se <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>inicialmente al v<span class=\"_ _3\"></span>alor resulta<span class=\"_ _3\"></span>nte de <span class=\"_ _3\"></span>a\u00f1adir <span class=\"_ _3\"></span>al v<span class=\"_ _3\"></span>alor del pasivo <span class=\"_ _3\"></span>por arrendamiento, <span class=\"_ _3\"></span>los pagos<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>incentivos <span class=\"_ _3\"></span>liquidados antes<span class=\"_ _3\"></span> del in<span class=\"_ _3\"></span>icio del arrend<span class=\"_ _3\"></span>amiento, los <span class=\"_ _3\"></span>costes directos <span class=\"_ _19\"> </span>incurridos <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el <span class=\"_ _16\"> </span>arrendamie<span class=\"_ _3\"></span>nto, <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>caso, <span class=\"_ _16\"> </span>la <span class=\"_ _19\"> </span>estimaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>los <span class=\"_ _19\"> </span>costes <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>incurrir <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el desmantelamiento <span class=\"_ _18\"> </span>del <span class=\"_ _1a\"> </span>activo<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>(cos<span class=\"_ _3\"></span>te <span class=\"_ _1a\"> </span>inicial)<span class=\"_ _3\"></span>. <span class=\"_ _18\"> </span>Posteriormente, <span class=\"_ _1a\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _1a\"> </span>registra <span class=\"_ _18\"> </span>al <span class=\"_ _1a\"> </span>valor <span class=\"_ _18\"> </span>inicial, <span class=\"_ _1a\"> </span>menos <span class=\"_ _18\"> </span>la amortizaci\u00f3n <span class=\"_ _10\"> </span>acumulada <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>cualq<span class=\"_ _3\"></span>uier <span class=\"_ _10\"> </span>p\u00e9rdida <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>deterioro <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>valo<span class=\"_ _3\"></span>r <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>NIC<span class=\"_ _3\"></span>-<span class=\"ls10\">16<span class=\"_ _3\"></span></span>- <span class=\"_ _10\"></span><span class=\"ls21\">Pro</span>piedad, planta y <span class=\"_ _3\"></span>equipo (v\u00e9anse Notas 3.<span class=\"_ _3\"></span>3 y 3.5).  En la determinaci\u00f3n del gasto por amortizaci\u00f3n, los activos por <span class=\"_ _2\"></span>derechos de uso se amortizar\u00e1n linealmente en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>vida <span class=\"_ _3\"></span>\u00fatil <span class=\"_ _f\"></span>estimada, <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>bien, <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>arrendamiento, <span class=\"_ _f\"></span>si <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>\u00fa<span class=\"_ _3\"></span>ltimo <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>menor. <span class=\"_ _f\"></span>Si <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>transfiere <span class=\"_ _3\"></span>la propiedad <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>arrendatario <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>pr\u00e1cticam<span class=\"_ _3\"></span>ente <span class=\"_ _3\"></span>cierto <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>arrendatario <span class=\"_ _f\"></span>ejercitar\u00e1 la <span class=\"_ _f\"></span>opci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>compra, <span class=\"_ _3\"></span>se amortizar\u00e1 duran<span class=\"_ _3\"></span>te la vida \u00fatil del activo.<span class=\"_ _3\"></span> Los <span class=\"_ _3\"></span>pagos <span class=\"_ _3\"></span>asociados <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>arrendamientos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>corto p<span class=\"_ _3\"></span>lazo (inferiores <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>12 <span class=\"_ _3\"></span>meses) <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>arrendamientos <span class=\"_ _3\"></span>de activ<span class=\"_ _3\"></span>os de  escaso  v<span class=\"_ _3\"></span>alor  se  reconocen  directamente <span class=\"_ _16\"> </span>como  un  ga<span class=\"_ _3\"></span>sto  en  resu<span class=\"_ _3\"></span>ltados  de  acuerdo  a <span class=\"_ _16\"> </span>su  devengo. Asimismo, las rentas<span class=\"_ _3\"></span> contingentes s<span class=\"_ _3\"></span>ujetas a la o<span class=\"_ _3\"></span>currenci<span class=\"_ _3\"></span>a de un evento es<span class=\"_ _3\"></span>pec\u00edfico y las c<span class=\"_ _3\"></span>uotas v<span class=\"_ _3\"></span>ariables que dependen de los ingresos o de<span class=\"_ _2\"></span>l uso del activo subyacente, residuales en<span class=\"_ _65\"> </span>los contratos suscritos por <span class=\"_ _2\"></span>ENCE, se registran <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>incurren, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cServicios<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>exterior<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span><span class=\"ff3\">-Arr<span class=\"_ _3\"></span>endamie</span>ntos\u201d <span class=\"_ _0\"></span>del Estado de Resultad<span class=\"_ _3\"></span>o consolidado en lugar <span class=\"_ _3\"></span>de formar parte del pasiv<span class=\"_ _3\"></span>o del arrendamiento.<span class=\"_ _f\"></span> ENCE <span class=\"_ _10\"></span>subarrienda <span class=\"_ _0\"></span>maq<span class=\"_ _3\"></span>uinaria <span class=\"_ _0\"></span>forestal <span class=\"_ _10\"></span>previamente <span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>endada. <span class=\"_ _10\"></span>En <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ituaciones, <span class=\"_ _10\"></span>se <span class=\"_ _f\"></span>an<span class=\"_ _3\"></span>aliza <span class=\"_ _10\"></span>si <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>an transferido <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>subarrendat<span class=\"_ _3\"></span>ario <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>beneficios <span class=\"_ _0\"></span>asociad<span class=\"_ _3\"></span>os <span class=\"_ _0\"></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<span class=\"_ _65\"> </span>situaci\u00f3n,  se  da <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>baja  en <span class=\"_ _13\"> </span>cuentas  el <span class=\"_ _13\"> </span>activo  por <span class=\"_ _13\"> </span>derecho  de <span class=\"_ _13\"> </span>uso <span class=\"_ _13\"> </span>y  se <span class=\"_ _13\"> </span>reconoce  un <span class=\"_ _13\"> </span>activo  financiero correspondiente a la in<span class=\"_ _3\"></span>versi\u00f3n neta en el s<span class=\"_ _3\"></span>ubarrendamiento.<span class=\"_ _3\"></span> ENCE clasifica los activos por <span class=\"_ _2\"></span>derecho de uso atendiendo <span class=\"_ _2\"></span>a la naturaleza <span class=\"_ _2\"></span>del activo arrendado, en el <span class=\"_ _2\"></span>ep\u00edgrafe \u201cPropiedad,  planta  y <span class=\"_ _13\"> </span>equipo\u201d <span class=\"_ _13\"> </span>del  E<span class=\"_ _2\"></span>stado  de <span class=\"_ _13\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _13\"> </span>consolidado,  y <span class=\"_ _13\"> </span>clasifica <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>pasivo  por arrendamiento en el ep\u00edgrafe \u201cDeuda financi<span class=\"ff3\">era </span>\u2013<span class=\"ff3\"> </span>Otros pasivos financieros\u201d del pasivo a l<span class=\"_ _2\"></span>argo y corto plazo del Estado d<span class=\"_ _3\"></span>e Situaci\u00f3n Financiera consolida<span class=\"_ _3\"></span>do.<span class=\"_ _3\"></span> Con <span class=\"_ _f\"></span>relaci\u00f3n <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>estad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>flujos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo, <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>registra <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>pagos <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>principal <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>contratos <span class=\"_ _0\"></span>de arrendamiento dentro <span class=\"_ _d\"></span>de los <span class=\"_ _2\"></span>\u201cFlujos <span class=\"_ _2\"></span>neto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>efectivo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>actividades <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>financiaci\u00f3n\u201d, as\u00ed <span class=\"_ _d\"></span>como el <span class=\"_ _d\"></span>registro<span class=\"_ _3\"></span> de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>intereses <span class=\"_ _10\"></span>relacionados <span class=\"_ _10\"> </span>con <span class=\"_ _13\"> </span>dic<span class=\"ff6\">hos <span class=\"_ _10\"> </span>contratos <span class=\"_ _10\"> </span>dentro<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cFlujo<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>netos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>efectivo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>las </span>actividades d<span class=\"_ _3\"></span>e explotaci\u00f3n\u201d.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "Activos financieros En <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>econocimiento <span class=\"_ _3\"></span>inicial, <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>activo <span class=\"_ _f\"></span>financiero a <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable, <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue incluye <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>trans<span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _15\"> </span>que <span class=\"_ _15\"> </span>sean <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>irectamente <span class=\"_ _19\"> </span>atrib<span class=\"_ _3\"></span>uibles <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>activo. Excepcionalmente, <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>costes  de  trans<span class=\"_ _3\"></span>acci\u00f3n  corres<span class=\"_ _3\"></span>pondientes <span class=\"_ _16\"> </span>a  activos <span class=\"_ _16\"> </span>financieros  valo<span class=\"_ _3\"></span>rados  a  v<span class=\"_ _3\"></span>alor razonable con cambios<span class=\"_ _3\"></span> en resultados<span class=\"_ _3\"></span> se imputan directamente a resu<span class=\"_ _3\"></span>ltados.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Con  posterioridad<span class=\"_ _3\"></span>  a  su  reconocimiento  in<span class=\"_ _3\"></span>icial,  ENCE  clas<span class=\"_ _3\"></span>ifica  sus  activo<span class=\"_ _3\"></span>s  financieros  en  las <span class=\"_ _16\"> </span>siguientes categor\u00edas; <span class=\"_ _f\"></span>1) <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>coste <span class=\"_ _f\"></span>amortizad<span class=\"_ _3\"></span>o, <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>bien, <span class=\"_ _f\"></span>2) <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>cambios<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>resultados. <span class=\"_ _f\"></span>La <span class=\"_ _f\"></span>clasificaci\u00f3n depende del modelo de negocio de E<span class=\"_ _3\"></span>NCE para gestionar los activos financieros y<span class=\"_ _3\"></span> los t\u00e9rminos contractuales de los flujos d<span class=\"_ _3\"></span>e efectivo:  i.<span class=\"ff4 ls0_1\"> <span class=\"_ _1d\"> </span><span class=\"ff3\">Activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>amortizado: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasifican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>mantienen<span class=\"_ _3\"></span> </span></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cobro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efe<span class=\"_ _3\"></span>ctivo <span class=\"_ _3\"></span>previstos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>contrato, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>esos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>representa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>s\u00f3lo cobros de prin<span class=\"_ _3\"></span>cipal e intereses.  Una <span class=\"_ _2\"></span>ganancia <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>p\u00e9rdida en <span class=\"_ _d\"></span>una inversi\u00f3n <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>amortizado <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>no sea <span class=\"_ _d\"></span>parte <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>relaci\u00f3n de cobertura se reconoce en el resu<span class=\"_ _3\"></span>ltado del ejercicio cuando el a<span class=\"_ _3\"></span>ctivo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _3\"></span> se reconocen <span class=\"_ _2\"></span>como ingresos financieros<span class=\"_ _3\"></span> en el <span class=\"_ _2\"></span>Estado de Resultado cons<span class=\"_ _3\"></span>olidado de acuerdo a s<span class=\"_ _3\"></span>u devengo, ap<span class=\"_ _3\"></span>licando el m\u00e9todo del tipo de inter<span class=\"_ _3\"></span>\u00e9s efectivo.<span class=\"_ _f\"></span> En <span class=\"_ _13\"> </span>esta <span class=\"_ _10\"> </span>categor\u00eda <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _10\"> </span>\u201cDeudores <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>otras <span class=\"_ _10\"> </span>cuentas <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cobrar\u201d, <span class=\"_ _13\"> </span>\u201cOtras <span class=\"_ _10\"> </span>invers<span class=\"_ _3\"></span>iones financieras\u201d, <span class=\"_ _3\"></span>\u201cy<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>otros <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>l\u00edquidos <span class=\"_ _3\"></span>equivalentes\u201d, <span class=\"_ _f\"></span>principalmente. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _f\"></span>y otros <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"> </span>l\u00edquidos <span class=\"_ _10\"> </span>equ<span class=\"_ _3\"></span>ivalentes\u201d <span class=\"_ _10\"> </span>recoge <span class=\"_ _10\"> </span>saldo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span><span class=\"ff3\">en <span class=\"_ _10\"> </span>tesorer\u00eda <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>inversiones<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>corto <span class=\"_ _13\"> </span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _3\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _3\"></span> sujetos a un riesgo de cambio <span class=\"_ _3\"></span>de valor poco s<span class=\"_ _3\"></span>ignificativo.<span class=\"_ _3\"></span> Las cuentas por <span class=\"_ _2\"></span>cobrar <span class=\"_ _2\"></span>a deudores <span class=\"_ _2\"></span>comerciales propias del <span class=\"_ _d\"></span>tr\u00e1<span class=\"_ _3\"></span>fico habitual <span class=\"_ _2\"></span>del Grupo <span class=\"_ _2\"></span>se registran <span class=\"_ _2\"></span>por su valor nominal, dado que su vencimiento es en ge<span class=\"_ _2\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas. En <span class=\"_ _2\"></span>este <span class=\"_ _2\"></span>cap\u00edtulo <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>ha seguido <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>modelo simplificado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>p\u00e9rdida <span class=\"_ _2\"></span>esperada basado en la experiencia his<span class=\"_ _3\"></span>t\u00f3rica de p\u00e9rdidas crediticias<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>ii.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Valor <span class=\"_ _3\"></span>razonab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados: <span class=\"_ _3\"></span>dentro<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluyen <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>deriv<span class=\"_ _3\"></span>ados <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>no </span></span>cumplen <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>condiciones<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>considerarse <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobertura <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>NIIF <span class=\"_ _f\"></span>9 <span class=\"_ _10\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span>In<span class=\"_ _3\"></span>strumentos<span class=\"_ _65\"> </span>Financieros, los activos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>que otras <span class=\"_ _2\"></span>normas establezcan <span class=\"_ _2\"></span>que deben <span class=\"_ _2\"></span>valorarse a <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _2\"></span>razonable con <span class=\"_ _3\"></span>cargo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resultados, <span class=\"_ _3\"></span>tales <span class=\"_ _3\"></span>como las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>contraprestaciones<span class=\"_ _3\"></span> contingentes <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>combinacion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de n<span class=\"_ _3\"></span>egocios y aquellos activ<span class=\"_ _3\"></span>os financieros que de v<span class=\"_ _3\"></span>alorarse de o<span class=\"_ _3\"></span>tra forma generar\u00edan u<span class=\"_ _3\"></span>na asimetr\u00eda contable. <span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>duzcan <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>imputan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>producen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _15\"> </span>financieros\u201d, <span class=\"_ _15\"> </span>\u201cIngresos <span class=\"_ _15\"> </span>financieros\u201d <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>\u201cVariaci\u00f3n <span class=\"_ _19\"> </span>en <span class=\"_ _15\"> </span>el <span class=\"_ _15\"> </span>valor <span class=\"_ _15\"> </span>razonable <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>instru<span class=\"_ _3\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _3\"></span> corresponda, d<span class=\"_ _3\"></span>el Estado de Resultado<span class=\"_ _3\"></span> conso<span class=\"_ _3\"></span><span class=\"ff3\">lidado. </span>En el <span class=\"_ _3\"></span>caso d<span class=\"_ _3\"></span>e participaciones<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>sociedades n<span class=\"_ _3\"></span>o cotizadas<span class=\"_ _3\"></span>, poco <span class=\"_ _3\"></span>relevantes, d<span class=\"_ _3\"></span>ado qu<span class=\"_ _3\"></span>e el valo<span class=\"_ _3\"></span>r razonab<span class=\"_ _3\"></span>le no <span class=\"_ _f\"></span>siempre <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>osible <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminarlo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>fiabl<span class=\"_ _3\"></span>e, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>valoran<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _f\"></span>corregido por las evidencias<span class=\"_ _3\"></span> de deterioro que pud<span class=\"_ _3\"></span>ieran existi<span class=\"_ _3\"></span><span class=\"ls1d\">r.</span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>directamente <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>em<span class=\"_ _2\"></span>isi\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _3\"></span> gasto en el Estado d<span class=\"_ _3\"></span>e Resultado consolidad<span class=\"_ _3\"></span>o a medida que s<span class=\"_ _3\"></span>e incurre en ellos.<span class=\"_ _65\"> </span>Durante <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2024 <span class=\"_ _f\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>han<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _0\"></span>reclasificaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>fin<span class=\"_ _3\"></span>ancieros <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>las categor\u00edas definidas en lo<span class=\"_ _3\"></span>s p\u00e1rrafos previos<span class=\"_ _3\"></span>. Las compras y<span class=\"_ _3\"></span> ventas de activos financieros<span class=\"_ _3\"></span> se contabilizan utilizan<span class=\"_ _3\"></span>do la fecha de negocia<span class=\"_ _3\"></span>ci\u00f3n. <span class=\"_ _3\"></span> Deterioros de valor-<span class=\"_ _3\"></span> ENCE ev<span class=\"_ _3\"></span>al\u00faa so<span class=\"_ _3\"></span>bre una <span class=\"_ _3\"></span>base pros<span class=\"_ _3\"></span>pectiva las<span class=\"_ _3\"></span> p\u00e9rdidas<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>cr\u00e9dito esperadas<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos valorados<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>coste amortizado. En es<span class=\"_ _3\"></span>te sentido, ENCE ap<span class=\"_ _3\"></span>lica el enfoque general d<span class=\"_ _3\"></span>e c\u00e1lculo de la p\u00e9rdida <span class=\"_ _3\"></span>esperada a sus<span class=\"_ _3\"></span> activos financieros a <span class=\"_ _2\"></span>largo plazo, excepto <span class=\"_ _2\"></span>los saldos<span class=\"_ _3\"></span> come<span class=\"_ _2\"></span>rciales y <span class=\"_ _2\"></span>otras cuentas a <span class=\"_ _2\"></span>cobrar sin componente <span class=\"_ _2\"></span>financiero significativo para <span class=\"_ _3\"></span>los que aplica un enfoqu<span class=\"_ _3\"></span>e simplificado.<span class=\"_ _3\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _3\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _3\"></span>aya incrementado d<span class=\"_ _3\"></span>e forma significativa <span class=\"_ _3\"></span>desde su reconocimi<span class=\"_ _3\"></span>ento inicial.<span class=\"_ _3\"></span> Bajo <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>enfoque <span class=\"_ _2\"></span>simplificado, <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>consideran las <span class=\"_ _d\"></span>p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas <span class=\"_ _2\"></span>durante <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>vida <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>act<span class=\"_ _3\"></span>ivo. <span class=\"_ _2\"></span> <span class=\"_ _d\"></span>Este modelo <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ll<span class=\"_ _3\"></span>eva <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>teniendo <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>ideraci\u00f3n <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _3\"></span>e, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>cobertu<span class=\"_ _3\"></span>ra <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>seguro <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>cr\u00e9dito disponible, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>experiencia <span class=\"_ _2\"></span>hist\u00f3rica <span class=\"_ _2\"></span>referente <span class=\"_ _d\"></span>al <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go <span class=\"_ _d\"></span>crediticio<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>\u00faltimos <span class=\"_ _2\"></span>cinco <span class=\"_ _d\"></span>a\u00f1os<span class=\"_ _3\"></span>. <span class=\"_ _d\"></span>El <span class=\"_ _2\"></span>modelo<span class=\"_ _65\"> </span>incorpora <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>umbral <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>180 <span class=\"_ _f\"></span>d\u00edas <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>mora <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>consideraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>prod<span class=\"_ _3\"></span>ucido <span class=\"_ _f\"></span>un impago <span class=\"_ _2\"></span>definitivo. Estos <span class=\"_ _d\"></span>criterios son <span class=\"_ _2\"></span>aplicados <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>ausencia <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>otras<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>evidencias objetivas de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>incumplimiento, como <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>uedan <span class=\"_ _2\"></span>ser <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>situ<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>concursales, <span class=\"_ _2\"></span>etc. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>ejercicios <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>4 <span class=\"_ _d\"></span>no se <span class=\"_ _d\"></span>han <span class=\"_ _2\"></span>registrado <span class=\"_ _2\"></span>importes significativos po<span class=\"_ _3\"></span>r este concepto en el Esta<span class=\"_ _3\"></span>do de Resultado cons<span class=\"_ _3\"></span>olidado.<span class=\"_ _3\"></span> Las <span class=\"_ _3\"></span>dotaciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>reversion<span class=\"_ _3\"></span>es de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>correcciones <span class=\"_ _3\"></span>valorativ<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>comerciales<span class=\"_ _3\"></span> a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>registran <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>activos <span class=\"_ _0\"></span>financieros\u201d<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado consolidado.<span class=\"_ _65\"> </span>Registro de bajas <span class=\"_ _3\"></span>- El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>reconoce <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>baja <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>financieros <span class=\"_ _3\"></span>cuand<span class=\"_ _3\"></span>o expiran <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>cedido <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>erechos s<span class=\"_ _3\"></span>obre <span class=\"_ _3\"></span>los flujos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>correspondiente <span class=\"_ _f\"></span>activo <span class=\"_ _f\"></span>financiero <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>han <span class=\"_ _f\"></span>transferido <span class=\"_ _f\"></span>sustancialmente <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>riesgos <span class=\"_ _f\"></span>y beneficios inherentes a su propiedad. La baja de un activo fi<span class=\"_ _2\"></span>nanciero implica el reconocimiento en el Estado de Resultado consolidado de l<span class=\"_ _2\"></span>a diferencia existente <span class=\"_ _2\"></span>entre su valor contable y<span class=\"_ _2\"></span> la suma de<span class=\"_ _2\"></span> la <span class=\"_ _2\"></span>contraprestaci\u00f3n recibida, <span class=\"_ _2\"></span>neta de <span class=\"_ _d\"></span>gastos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>transacci\u00f3n, incluy\u00e9ndose <span class=\"_ _2\"></span>los a<span class=\"_ _2\"></span>ctivos obtenidos o <span class=\"_ _2\"></span>pasivos <span class=\"_ _2\"></span>asumidos <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>cualquier p\u00e9rdida o ganan<span class=\"_ _3\"></span>cia diferida en otro resulta<span class=\"_ _3\"></span>do global.<span class=\"_ _65\"> </span>En <span class=\"_ _13\"> </span>este <span class=\"_ _10\"> </span>sentido, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>funci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>necesidad<span class=\"_ _3\"></span>es <span class=\"_ _13\"> </span>coyunturales <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>tesorer\u00eda <span class=\"_ _13\"> </span>realiza <span class=\"_ _10\"> </span>cesiones <span class=\"_ _13\"> </span>de cr\u00e9ditos <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>clientes <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>entidades <span class=\"_ _2\"></span>financieras <span class=\"_ _2\"></span>(factoring) <span class=\"_ _d\"></span>y podr\u00e1 <span class=\"_ _d\"></span>llevar <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>tit<span class=\"_ _3\"></span>ulizaciones <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>activos. En <span class=\"_ _d\"></span>estas cesiones <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>derechos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cob<span class=\"_ _3\"></span>ro <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>tra<span class=\"_ _3\"></span>nsmiten <span class=\"_ _13\"> </span>sustancialmente <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>riesgos <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>beneficios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>inherentes <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>las cuentas <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cobrar, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>control <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>\u00e9stas, <span class=\"_ _10\"></span>sin <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>existan <span class=\"_ _0\"></span>pactos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>recompra <span class=\"_ _10\"></span>suscritos <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>las entidades <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _f\"></span>(cesione<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>sin <span class=\"_ _f\"></span>recurso). <span class=\"_ _f\"></span>Consecuentem<span class=\"_ _3\"></span>ente, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>criteri<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>establecidos por <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>NIIF, <span class=\"_ _3\"></span>se d<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>baja del <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o d<span class=\"_ _3\"></span>e Situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>Financiera cons<span class=\"_ _3\"></span>olidado <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cobrar d<span class=\"_ _3\"></span>e deud<span class=\"_ _3\"></span>ores vendidos en la<span class=\"_ _3\"></span>s condiciones indicadas.<span class=\"_ _3\"></span> Por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>contrario, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>no <span class=\"_ _10\"> </span>da <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>baja <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>financieros, <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>reconoce <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>pasiv<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>financiero <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>un importe <span class=\"_ _f\"></span>igua<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contra<span class=\"_ _3\"></span>prestaci\u00f3n <span class=\"_ _0\"></span>recibida, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>cesiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>retenga sustancialmente los<span class=\"_ _3\"></span> riesgos y beneficios inh<span class=\"_ _3\"></span>erentes a s<span class=\"_ _3\"></span>u propiedad.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "i.<span class=\"ff4 ls0_1\"> <span class=\"_ _1d\"> </span><span class=\"ff3\">Activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>amortizado: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasifican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>mantienen<span class=\"_ _3\"></span> </span></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cobro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efe<span class=\"_ _3\"></span>ctivo <span class=\"_ _3\"></span>previstos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>contrato, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>esos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>representa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>s\u00f3lo cobros de prin<span class=\"_ _3\"></span>cipal e intereses.  Una <span class=\"_ _2\"></span>ganancia <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>p\u00e9rdida en <span class=\"_ _d\"></span>una inversi\u00f3n <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>amortizado <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>no sea <span class=\"_ _d\"></span>parte <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>relaci\u00f3n de cobertura se reconoce en el resu<span class=\"_ _3\"></span>ltado del ejercicio cuando el a<span class=\"_ _3\"></span>ctivo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _3\"></span> se reconocen <span class=\"_ _2\"></span>como ingresos financieros<span class=\"_ _3\"></span> en el <span class=\"_ _2\"></span>Estado de Resultado cons<span class=\"_ _3\"></span>olidado de acuerdo a s<span class=\"_ _3\"></span>u devengo, ap<span class=\"_ _3\"></span>licando el m\u00e9todo del tipo de inter<span class=\"_ _3\"></span>\u00e9s efectivo.<span class=\"_ _f\"></span> En <span class=\"_ _13\"> </span>esta <span class=\"_ _10\"> </span>categor\u00eda <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _10\"> </span>\u201cDeudores <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>otras <span class=\"_ _10\"> </span>cuentas <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cobrar\u201d, <span class=\"_ _13\"> </span>\u201cOtras <span class=\"_ _10\"> </span>invers<span class=\"_ _3\"></span>iones financieras\u201d, <span class=\"_ _3\"></span>\u201cy<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>otros <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>l\u00edquidos <span class=\"_ _3\"></span>equivalentes\u201d, <span class=\"_ _f\"></span>principalmente. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _f\"></span>y otros <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"> </span>l\u00edquidos <span class=\"_ _10\"> </span>equ<span class=\"_ _3\"></span>ivalentes\u201d <span class=\"_ _10\"> </span>recoge <span class=\"_ _10\"> </span>saldo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span><span class=\"ff3\">en <span class=\"_ _10\"> </span>tesorer\u00eda <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>inversiones<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>corto <span class=\"_ _13\"> </span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _3\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _3\"></span> sujetos a un riesgo de cambio <span class=\"_ _3\"></span>de valor poco s<span class=\"_ _3\"></span>ignificativo.<span class=\"_ _3\"></span> Las cuentas por <span class=\"_ _2\"></span>cobrar <span class=\"_ _2\"></span>a deudores <span class=\"_ _2\"></span>comerciales propias del <span class=\"_ _d\"></span>tr\u00e1<span class=\"_ _3\"></span>fico habitual <span class=\"_ _2\"></span>del Grupo <span class=\"_ _2\"></span>se registran <span class=\"_ _2\"></span>por su valor nominal, dado que su vencimiento es en ge<span class=\"_ _2\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas. En <span class=\"_ _2\"></span>este <span class=\"_ _2\"></span>cap\u00edtulo <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>ha seguido <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>modelo simplificado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>p\u00e9rdida <span class=\"_ _2\"></span>esperada basado en la experiencia his<span class=\"_ _3\"></span>t\u00f3rica de p\u00e9rdidas crediticias<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "i.<span class=\"ff4 ls0_1\"> <span class=\"_ _1d\"> </span><span class=\"ff3\">Activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>amortizado: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasifican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>mantienen<span class=\"_ _3\"></span> </span></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cobro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efe<span class=\"_ _3\"></span>ctivo <span class=\"_ _3\"></span>previstos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>contrato, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>esos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>representa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>s\u00f3lo cobros de prin<span class=\"_ _3\"></span>cipal e intereses.  Una <span class=\"_ _2\"></span>ganancia <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>p\u00e9rdida en <span class=\"_ _d\"></span>una inversi\u00f3n <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>amortizado <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>no sea <span class=\"_ _d\"></span>parte <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>relaci\u00f3n de cobertura se reconoce en el resu<span class=\"_ _3\"></span>ltado del ejercicio cuando el a<span class=\"_ _3\"></span>ctivo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _3\"></span> se reconocen <span class=\"_ _2\"></span>como ingresos financieros<span class=\"_ _3\"></span> en el <span class=\"_ _2\"></span>Estado de Resultado cons<span class=\"_ _3\"></span>olidado de acuerdo a s<span class=\"_ _3\"></span>u devengo, ap<span class=\"_ _3\"></span>licando el m\u00e9todo del tipo de inter<span class=\"_ _3\"></span>\u00e9s efectivo.<span class=\"_ _f\"></span> En <span class=\"_ _13\"> </span>esta <span class=\"_ _10\"> </span>categor\u00eda <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _10\"> </span>\u201cDeudores <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>otras <span class=\"_ _10\"> </span>cuentas <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cobrar\u201d, <span class=\"_ _13\"> </span>\u201cOtras <span class=\"_ _10\"> </span>invers<span class=\"_ _3\"></span>iones financieras\u201d, <span class=\"_ _3\"></span>\u201cy<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>otros <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>l\u00edquidos <span class=\"_ _3\"></span>equivalentes\u201d, <span class=\"_ _f\"></span>principalmente. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _f\"></span>y otros <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"> </span>l\u00edquidos <span class=\"_ _10\"> </span>equ<span class=\"_ _3\"></span>ivalentes\u201d <span class=\"_ _10\"> </span>recoge <span class=\"_ _10\"> </span>saldo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span><span class=\"ff3\">en <span class=\"_ _10\"> </span>tesorer\u00eda <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>inversiones<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>corto <span class=\"_ _13\"> </span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _3\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _3\"></span> sujetos a un riesgo de cambio <span class=\"_ _3\"></span>de valor poco s<span class=\"_ _3\"></span>ignificativo.<span class=\"_ _3\"></span> Las cuentas por <span class=\"_ _2\"></span>cobrar <span class=\"_ _2\"></span>a deudores <span class=\"_ _2\"></span>comerciales propias del <span class=\"_ _d\"></span>tr\u00e1<span class=\"_ _3\"></span>fico habitual <span class=\"_ _2\"></span>del Grupo <span class=\"_ _2\"></span>se registran <span class=\"_ _2\"></span>por su valor nominal, dado que su vencimiento es en ge<span class=\"_ _2\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas. En <span class=\"_ _2\"></span>este <span class=\"_ _2\"></span>cap\u00edtulo <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>ha seguido <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>modelo simplificado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>p\u00e9rdida <span class=\"_ _2\"></span>esperada basado en la experiencia his<span class=\"_ _3\"></span>t\u00f3rica de p\u00e9rdidas crediticias<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>ii.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Valor <span class=\"_ _3\"></span>razonab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados: <span class=\"_ _3\"></span>dentro<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluyen <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>deriv<span class=\"_ _3\"></span>ados <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>no </span></span>cumplen <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>condiciones<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>considerarse <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobertura <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>NIIF <span class=\"_ _f\"></span>9 <span class=\"_ _10\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span>In<span class=\"_ _3\"></span>strumentos<span class=\"_ _65\"> </span>Financieros, los activos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>que otras <span class=\"_ _2\"></span>normas establezcan <span class=\"_ _2\"></span>que deben <span class=\"_ _2\"></span>valorarse a <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _2\"></span>razonable con <span class=\"_ _3\"></span>cargo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resultados, <span class=\"_ _3\"></span>tales <span class=\"_ _3\"></span>como las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>contraprestaciones<span class=\"_ _3\"></span> contingentes <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>combinacion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de n<span class=\"_ _3\"></span>egocios y aquellos activ<span class=\"_ _3\"></span>os financieros que de v<span class=\"_ _3\"></span>alorarse de o<span class=\"_ _3\"></span>tra forma generar\u00edan u<span class=\"_ _3\"></span>na asimetr\u00eda contable. <span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>duzcan <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>imputan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>producen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _15\"> </span>financieros\u201d, <span class=\"_ _15\"> </span>\u201cIngresos <span class=\"_ _15\"> </span>financieros\u201d <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>\u201cVariaci\u00f3n <span class=\"_ _19\"> </span>en <span class=\"_ _15\"> </span>el <span class=\"_ _15\"> </span>valor <span class=\"_ _15\"> </span>razonable <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>instru<span class=\"_ _3\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _3\"></span> corresponda, d<span class=\"_ _3\"></span>el Estado de Resultado<span class=\"_ _3\"></span> conso<span class=\"_ _3\"></span><span class=\"ff3\">lidado. </span>En el <span class=\"_ _3\"></span>caso d<span class=\"_ _3\"></span>e participaciones<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>sociedades n<span class=\"_ _3\"></span>o cotizadas<span class=\"_ _3\"></span>, poco <span class=\"_ _3\"></span>relevantes, d<span class=\"_ _3\"></span>ado qu<span class=\"_ _3\"></span>e el valo<span class=\"_ _3\"></span>r razonab<span class=\"_ _3\"></span>le no <span class=\"_ _f\"></span>siempre <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>osible <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminarlo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>fiabl<span class=\"_ _3\"></span>e, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>valoran<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _f\"></span>corregido por las evidencias<span class=\"_ _3\"></span> de deterioro que pud<span class=\"_ _3\"></span>ieran existi<span class=\"_ _3\"></span><span class=\"ls1d\">r.</span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>directamente <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>em<span class=\"_ _2\"></span>isi\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _3\"></span> gasto en el Estado d<span class=\"_ _3\"></span>e Resultado consolidad<span class=\"_ _3\"></span>o a medida que s<span class=\"_ _3\"></span>e incurre en ellos.<span class=\"_ _65\"> </span>Los in<span class=\"_ _3\"></span>gresos por <span class=\"_ _3\"></span>intereses se reconocen <span class=\"_ _3\"></span>siguiendo <span class=\"_ _3\"></span>un criterio <span class=\"_ _3\"></span>financiero, en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>del principal p<span class=\"_ _3\"></span>endiente de pago, el plazo h<span class=\"_ _3\"></span>asta el vencimiento, y el t<span class=\"_ _3\"></span>ipo de inter\u00e9s efectivo a<span class=\"_ _3\"></span>plicable.<span class=\"_ _65\"> </span>Los <span class=\"_ _0\"></span>gasto<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e reconoce un gasto d<span class=\"_ _3\"></span>e forma inmediata cuan<span class=\"_ _3\"></span>do no se p<span class=\"_ _3\"></span>rev\u00e9 que genere beneficios econ\u00f3micos futu<span class=\"_ _3\"></span>ros.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "i.<span class=\"ff4 ls0_1\"> <span class=\"_ _1d\"> </span><span class=\"ff3\">Activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>amortizado: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasifican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>mantienen<span class=\"_ _3\"></span> </span></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cobro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efe<span class=\"_ _3\"></span>ctivo <span class=\"_ _3\"></span>previstos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>contrato, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>esos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>representa<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>s\u00f3lo cobros de prin<span class=\"_ _3\"></span>cipal e intereses.  Una <span class=\"_ _2\"></span>ganancia <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>p\u00e9rdida en <span class=\"_ _d\"></span>una inversi\u00f3n <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cos<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>amortizado <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>no sea <span class=\"_ _d\"></span>parte <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>relaci\u00f3n de cobertura se reconoce en el resu<span class=\"_ _3\"></span>ltado del ejercicio cuando el a<span class=\"_ _3\"></span>ctivo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _3\"></span> se reconocen <span class=\"_ _2\"></span>como ingresos financieros<span class=\"_ _3\"></span> en el <span class=\"_ _2\"></span>Estado de Resultado cons<span class=\"_ _3\"></span>olidado de acuerdo a s<span class=\"_ _3\"></span>u devengo, ap<span class=\"_ _3\"></span>licando el m\u00e9todo del tipo de inter<span class=\"_ _3\"></span>\u00e9s efectivo.<span class=\"_ _f\"></span> En <span class=\"_ _13\"> </span>esta <span class=\"_ _10\"> </span>categor\u00eda <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _10\"> </span>\u201cDeudores <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>otras <span class=\"_ _10\"> </span>cuentas <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>cobrar\u201d, <span class=\"_ _13\"> </span>\u201cOtras <span class=\"_ _10\"> </span>invers<span class=\"_ _3\"></span>iones financieras\u201d, <span class=\"_ _3\"></span>\u201cy<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>otros <span class=\"_ _f\"></span>activos <span class=\"_ _3\"></span>l\u00edquidos <span class=\"_ _3\"></span>equivalentes\u201d, <span class=\"_ _f\"></span>principalmente. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cEfectivo <span class=\"_ _f\"></span>y otros <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"> </span>l\u00edquidos <span class=\"_ _10\"> </span>equ<span class=\"_ _3\"></span>ivalentes\u201d <span class=\"_ _10\"> </span>recoge <span class=\"_ _10\"> </span>saldo<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span><span class=\"ff3\">en <span class=\"_ _10\"> </span>tesorer\u00eda <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>inversiones<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>corto <span class=\"_ _13\"> </span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _3\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _3\"></span> sujetos a un riesgo de cambio <span class=\"_ _3\"></span>de valor poco s<span class=\"_ _3\"></span>ignificativo.<span class=\"_ _3\"></span> Las cuentas por <span class=\"_ _2\"></span>cobrar <span class=\"_ _2\"></span>a deudores <span class=\"_ _2\"></span>comerciales propias del <span class=\"_ _d\"></span>tr\u00e1<span class=\"_ _3\"></span>fico habitual <span class=\"_ _2\"></span>del Grupo <span class=\"_ _2\"></span>se registran <span class=\"_ _2\"></span>por su valor nominal, dado que su vencimiento es en ge<span class=\"_ _2\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas. En <span class=\"_ _2\"></span>este <span class=\"_ _2\"></span>cap\u00edtulo <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>ha seguido <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>modelo simplificado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>p\u00e9rdida <span class=\"_ _2\"></span>esperada basado en la experiencia his<span class=\"_ _3\"></span>t\u00f3rica de p\u00e9rdidas crediticias<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "Las cuentas por <span class=\"_ _2\"></span>cobrar <span class=\"_ _2\"></span>a deudores <span class=\"_ _2\"></span>comerciales propias del <span class=\"_ _d\"></span>tr\u00e1<span class=\"_ _3\"></span>fico habitual <span class=\"_ _2\"></span>del Grupo <span class=\"_ _2\"></span>se registran <span class=\"_ _2\"></span>por su valor nominal, dado que su vencimiento es en ge<span class=\"_ _2\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas. En <span class=\"_ _2\"></span>este <span class=\"_ _2\"></span>cap\u00edtulo <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>ha seguido <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>modelo simplificado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>p\u00e9rdida <span class=\"_ _2\"></span>esperada basado en la experiencia his<span class=\"_ _3\"></span>t\u00f3rica de p\u00e9rdidas crediticias<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "ii.<span class=\"ff4 ls0_1\"> <span class=\"_ _1e\"> </span><span class=\"ff3\">Valor <span class=\"_ _3\"></span>razonab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados: <span class=\"_ _3\"></span>dentro<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>categor\u00eda <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluyen <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>deriv<span class=\"_ _3\"></span>ados <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>no </span></span>cumplen <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>condiciones<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>considerarse <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobertura <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>NIIF <span class=\"_ _f\"></span>9 <span class=\"_ _10\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span>In<span class=\"_ _3\"></span>strumentos<span class=\"_ _65\"> </span>Financieros, los activos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>que otras <span class=\"_ _2\"></span>normas establezcan <span class=\"_ _2\"></span>que deben <span class=\"_ _2\"></span>valorarse a <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _2\"></span>razonable con <span class=\"_ _3\"></span>cargo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resultados, <span class=\"_ _3\"></span>tales <span class=\"_ _3\"></span>como las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>contraprestaciones<span class=\"_ _3\"></span> contingentes <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>combinacion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de n<span class=\"_ _3\"></span>egocios y aquellos activ<span class=\"_ _3\"></span>os financieros que de v<span class=\"_ _3\"></span>alorarse de o<span class=\"_ _3\"></span>tra forma generar\u00edan u<span class=\"_ _3\"></span>na asimetr\u00eda contable. <span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>duzcan <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>imputan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>producen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _15\"> </span>financieros\u201d, <span class=\"_ _15\"> </span>\u201cIngresos <span class=\"_ _15\"> </span>financieros\u201d <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>\u201cVariaci\u00f3n <span class=\"_ _19\"> </span>en <span class=\"_ _15\"> </span>el <span class=\"_ _15\"> </span>valor <span class=\"_ _15\"> </span>razonable <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>instru<span class=\"_ _3\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _3\"></span> corresponda, d<span class=\"_ _3\"></span>el Estado de Resultado<span class=\"_ _3\"></span> conso<span class=\"_ _3\"></span><span class=\"ff3\">lidado. </span>En el <span class=\"_ _3\"></span>caso d<span class=\"_ _3\"></span>e participaciones<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>sociedades n<span class=\"_ _3\"></span>o cotizadas<span class=\"_ _3\"></span>, poco <span class=\"_ _3\"></span>relevantes, d<span class=\"_ _3\"></span>ado qu<span class=\"_ _3\"></span>e el valo<span class=\"_ _3\"></span>r razonab<span class=\"_ _3\"></span>le no <span class=\"_ _f\"></span>siempre <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>osible <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterminarlo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>fiabl<span class=\"_ _3\"></span>e, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>valoran<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _f\"></span>corregido por las evidencias<span class=\"_ _3\"></span> de deterioro que pud<span class=\"_ _3\"></span>ieran existi<span class=\"_ _3\"></span><span class=\"ls1d\">r.</span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>directamente <span class=\"_ _0\"></span>atrib<span class=\"_ _3\"></span>uibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>em<span class=\"_ _2\"></span>isi\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _3\"></span> gasto en el Estado d<span class=\"_ _3\"></span>e Resultado consolidad<span class=\"_ _3\"></span>o a medida que s<span class=\"_ _3\"></span>e incurre en ellos.<span class=\"_ _65\"> </span>ENCE <span class=\"_ _f\"></span>clas<span class=\"_ _3\"></span>ifica <span class=\"_ _f\"></span>sus <span class=\"_ _0\"></span>pasivos <span class=\"_ _f\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>categor\u00edas, <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>posterioridad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>reconocimiento inicial; 1) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>amortiza<span class=\"_ _3\"></span>do, y <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en resu<span class=\"_ _3\"></span>ltados. <span class=\"_ _3\"></span>En esta<span class=\"_ _3\"></span> \u00faltima <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>se recogen b<span class=\"_ _3\"></span>\u00e1sicamente <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>contrap<span class=\"_ _3\"></span>restaciones<span class=\"_ _3\"></span> con<span class=\"_ _3\"></span>tingentes qu<span class=\"_ _3\"></span>e s<span class=\"_ _3\"></span>e pu<span class=\"_ _3\"></span>edan <span class=\"_ _3\"></span>originar <span class=\"_ _3\"></span>en las <span class=\"_ _3\"></span>combinaciones <span class=\"_ _3\"></span>de negocios.<span class=\"_ _65\"> </span>Los p<span class=\"_ _3\"></span>r\u00e9stamos, o<span class=\"_ _3\"></span>bligaciones y <span class=\"_ _3\"></span>similares <span class=\"_ _3\"></span>se registra<span class=\"_ _3\"></span>n inicialmente <span class=\"_ _3\"></span>a v<span class=\"_ _3\"></span>alor razon<span class=\"_ _3\"></span>able, valor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>normalmente coincide con el efectiv<span class=\"_ _3\"></span>o recibido, neto d<span class=\"_ _3\"></span>e los costes in<span class=\"_ _3\"></span>curridos en la trans<span class=\"_ _3\"></span>acci\u00f3n. En periodos p<span class=\"_ _3\"></span>osteriores, la totalidad de estas d<span class=\"_ _3\"></span>eudas se valora a su co<span class=\"_ _3\"></span>ste amortizado, utilizando el m\u00e9todo d<span class=\"_ _3\"></span>el tipo de inter\u00e9s efectivo.<span class=\"_ _65\"> </span>Los gastos finan<span class=\"_ _3\"></span>cieros as\u00ed como los costes de estru<span class=\"_ _3\"></span>cturaci\u00f3n, se registran seg\u00fan el criterio del devengo <span class=\"_ _3\"></span>en el Estado de Resultad<span class=\"_ _3\"></span>o consolidado utiliza<span class=\"_ _3\"></span>ndo el m\u00e9todo del inter\u00e9s efectivo<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>Los <span class=\"_ _13\"> </span>acreedores <span class=\"_ _10\"> </span>comerciales <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>otras <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>pagar <span class=\"_ _10\"> </span>derivados <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>operaciones <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>son<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>pasivo<span class=\"_ _3\"></span>s financieros <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>mayor <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _d\"></span>presentan <span class=\"_ _2\"></span>vencimiento <span class=\"_ _d\"></span>a corto <span class=\"_ _d\"></span>plazo <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>no <span class=\"_ _d\"></span>devengan <span class=\"_ _2\"></span>intereses. <span class=\"_ _d\"></span>Estos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>saldos se registran inicialment<span class=\"_ _3\"></span>e a su valor razonab<span class=\"_ _3\"></span>le y <span class=\"_ _3\"></span>posteriormente a su cos<span class=\"_ _3\"></span>te amortizado.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "Deterioros de valor-<span class=\"_ _3\"></span> ENCE ev<span class=\"_ _3\"></span>al\u00faa so<span class=\"_ _3\"></span>bre una <span class=\"_ _3\"></span>base pros<span class=\"_ _3\"></span>pectiva las<span class=\"_ _3\"></span> p\u00e9rdidas<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>cr\u00e9dito esperadas<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos valorados<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>coste amortizado. En es<span class=\"_ _3\"></span>te sentido, ENCE ap<span class=\"_ _3\"></span>lica el enfoque general d<span class=\"_ _3\"></span>e c\u00e1lculo de la p\u00e9rdida <span class=\"_ _3\"></span>esperada a sus<span class=\"_ _3\"></span> activos financieros a <span class=\"_ _2\"></span>largo plazo, excepto <span class=\"_ _2\"></span>los saldos<span class=\"_ _3\"></span> come<span class=\"_ _2\"></span>rciales y <span class=\"_ _2\"></span>otras cuentas a <span class=\"_ _2\"></span>cobrar sin componente <span class=\"_ _2\"></span>financiero significativo para <span class=\"_ _3\"></span>los que aplica un enfoqu<span class=\"_ _3\"></span>e simplificado.<span class=\"_ _3\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _3\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _3\"></span>aya incrementado d<span class=\"_ _3\"></span>e forma significativa <span class=\"_ _3\"></span>desde su reconocimi<span class=\"_ _3\"></span>ento inicial.<span class=\"_ _3\"></span> Bajo <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>enfoque <span class=\"_ _2\"></span>simplificado, <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>consideran las <span class=\"_ _d\"></span>p\u00e9rdidas crediticias <span class=\"_ _2\"></span>esperadas <span class=\"_ _2\"></span>durante <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>vida <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>act<span class=\"_ _3\"></span>ivo. <span class=\"_ _2\"></span> <span class=\"_ _d\"></span>Este modelo <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ll<span class=\"_ _3\"></span>eva <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>teniendo <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>ideraci\u00f3n <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _3\"></span>e, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>cobertu<span class=\"_ _3\"></span>ra <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>seguro <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>cr\u00e9dito disponible, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>experiencia <span class=\"_ _2\"></span>hist\u00f3rica <span class=\"_ _2\"></span>referente <span class=\"_ _d\"></span>al <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go <span class=\"_ _d\"></span>crediticio<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>\u00faltimos <span class=\"_ _2\"></span>cinco <span class=\"_ _d\"></span>a\u00f1os<span class=\"_ _3\"></span>. <span class=\"_ _d\"></span>El <span class=\"_ _2\"></span>modelo<span class=\"_ _65\"> </span>incorpora <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>umbral <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>m\u00e1s <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>180 <span class=\"_ _f\"></span>d\u00edas <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>mora <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>consideraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>prod<span class=\"_ _3\"></span>ucido <span class=\"_ _f\"></span>un impago <span class=\"_ _2\"></span>definitivo. Estos <span class=\"_ _d\"></span>criterios son <span class=\"_ _2\"></span>aplicados <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>ausencia <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>otras<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>evidencias objetivas de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>incumplimiento, como <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>uedan <span class=\"_ _2\"></span>ser <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>situ<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>concursales, <span class=\"_ _2\"></span>etc. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>ejercicios <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>4 <span class=\"_ _d\"></span>no se <span class=\"_ _d\"></span>han <span class=\"_ _2\"></span>registrado <span class=\"_ _2\"></span>importes significativos po<span class=\"_ _3\"></span>r este concepto en el Esta<span class=\"_ _3\"></span>do de Resultado cons<span class=\"_ _3\"></span>olidado.<span class=\"_ _3\"></span> Las <span class=\"_ _3\"></span>dotaciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>reversion<span class=\"_ _3\"></span>es de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>correcciones <span class=\"_ _3\"></span>valorativ<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>comerciales<span class=\"_ _3\"></span> a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>registran <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>activos <span class=\"_ _0\"></span>financieros\u201d<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado consolidado.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "Registro de bajas <span class=\"_ _3\"></span>- El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>reconoce <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>baja <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>financieros <span class=\"_ _3\"></span>cuand<span class=\"_ _3\"></span>o expiran <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>cedido <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>erechos s<span class=\"_ _3\"></span>obre <span class=\"_ _3\"></span>los flujos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>correspondiente <span class=\"_ _f\"></span>activo <span class=\"_ _f\"></span>financiero <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>han <span class=\"_ _f\"></span>transferido <span class=\"_ _f\"></span>sustancialmente <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>riesgos <span class=\"_ _f\"></span>y beneficios inherentes a su propiedad. La baja de un activo fi<span class=\"_ _2\"></span>nanciero implica el reconocimiento en el Estado de Resultado consolidado de l<span class=\"_ _2\"></span>a diferencia existente <span class=\"_ _2\"></span>entre su valor contable y<span class=\"_ _2\"></span> la suma de<span class=\"_ _2\"></span> la <span class=\"_ _2\"></span>contraprestaci\u00f3n recibida, <span class=\"_ _2\"></span>neta de <span class=\"_ _d\"></span>gastos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>transacci\u00f3n, incluy\u00e9ndose <span class=\"_ _2\"></span>los a<span class=\"_ _2\"></span>ctivos obtenidos o <span class=\"_ _2\"></span>pasivos <span class=\"_ _2\"></span>asumidos <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>cualquier p\u00e9rdida o ganan<span class=\"_ _3\"></span>cia diferida en otro resulta<span class=\"_ _3\"></span>do global.<span class=\"_ _65\"> </span>En <span class=\"_ _13\"> </span>este <span class=\"_ _10\"> </span>sentido, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>funci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>necesidad<span class=\"_ _3\"></span>es <span class=\"_ _13\"> </span>coyunturales <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>tesorer\u00eda <span class=\"_ _13\"> </span>realiza <span class=\"_ _10\"> </span>cesiones <span class=\"_ _13\"> </span>de cr\u00e9ditos <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>clientes <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>entidades <span class=\"_ _2\"></span>financieras <span class=\"_ _2\"></span>(factoring) <span class=\"_ _d\"></span>y podr\u00e1 <span class=\"_ _d\"></span>llevar <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>cab<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>tit<span class=\"_ _3\"></span>ulizaciones <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>activos. En <span class=\"_ _d\"></span>estas cesiones <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>derechos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cob<span class=\"_ _3\"></span>ro <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>tra<span class=\"_ _3\"></span>nsmiten <span class=\"_ _13\"> </span>sustancialmente <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>riesgos <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>beneficios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>inherentes <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>las cuentas <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cobrar, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>control <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>\u00e9stas, <span class=\"_ _10\"></span>sin <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>existan <span class=\"_ _0\"></span>pactos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>recompra <span class=\"_ _10\"></span>suscritos <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>las entidades <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _f\"></span>(cesione<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>sin <span class=\"_ _f\"></span>recurso). <span class=\"_ _f\"></span>Consecuentem<span class=\"_ _3\"></span>ente, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>criteri<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>establecidos por <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>NIIF, <span class=\"_ _3\"></span>se d<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>baja del <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o d<span class=\"_ _3\"></span>e Situaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>Financiera cons<span class=\"_ _3\"></span>olidado <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cobrar d<span class=\"_ _3\"></span>e deud<span class=\"_ _3\"></span>ores vendidos en la<span class=\"_ _3\"></span>s condiciones indicadas.<span class=\"_ _3\"></span> Por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>contrario, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>no <span class=\"_ _10\"> </span>da <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>baja <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>financieros, <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>reconoce <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>pasiv<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>financiero <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>un importe <span class=\"_ _f\"></span>igua<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contra<span class=\"_ _3\"></span>prestaci\u00f3n <span class=\"_ _0\"></span>recibida, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>cesiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>retenga sustancialmente los<span class=\"_ _3\"></span> riesgos y beneficios inh<span class=\"_ _3\"></span>erentes a s<span class=\"_ _3\"></span>u propiedad.<span class=\"_ _65\"> </span>ENCE da <span class=\"_ _d\"></span>de baja <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>pasivo f<span class=\"_ _2\"></span>inanciero <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>una parte <span class=\"_ _d\"></span>del mismo <span class=\"_ _d\"></span>cu<span class=\"_ _3\"></span>ando ha <span class=\"_ _d\"></span>cumplido<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>obligaci\u00f3n <span class=\"_ _2\"></span>contenida en el pasivo o b<span class=\"_ _3\"></span>ien est\u00e9 legalmente dispensado<span class=\"_ _3\"></span> de la responsab<span class=\"_ _3\"></span>ilidad principal co<span class=\"_ _3\"></span>ntenida en el pasivo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "Pasivos financieros <span class=\"_ _3\"></span> Son <span class=\"_ _3\"></span>pasivos <span class=\"_ _3\"></span>financieros <span class=\"_ _3\"></span>aquellos <span class=\"_ _3\"></span>d\u00e9bitos <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>partidas <span class=\"_ _3\"></span>a p<span class=\"_ _3\"></span>agar que <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>el Grupo<span class=\"_ _3\"></span> y <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han o<span class=\"_ _3\"></span>riginado en <span class=\"_ _3\"></span>la compra de <span class=\"_ _2\"></span>bienes y <span class=\"_ _2\"></span>servicios por operaciones de <span class=\"_ _2\"></span>tr\u00e1fico de la <span class=\"_ _2\"></span>empresa, o <span class=\"_ _2\"></span>tambi\u00e9n aquellos que, sin tene<span class=\"_ _2\"></span>r un origen <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>mercial, <span class=\"_ _f\"></span>no <span class=\"_ _0\"></span>pueden <span class=\"_ _0\"></span>ser <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>sider<span class=\"_ _3\"></span>ados <span class=\"_ _f\"></span>como <span class=\"_ _0\"></span>instrumentos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>financieros <span class=\"_ _0\"></span>derivad<span class=\"_ _3\"></span>os, <span class=\"_ _f\"></span>prin<span class=\"_ _3\"></span>cipalmente, deudas con en<span class=\"_ _3\"></span>tidades de cr\u00e9dito, bonos<span class=\"_ _3\"></span> emitidos, etc. ENCE <span class=\"_ _f\"></span>clas<span class=\"_ _3\"></span>ifica <span class=\"_ _f\"></span>sus <span class=\"_ _0\"></span>pasivos <span class=\"_ _f\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>categor\u00edas, <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>posterioridad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>reconocimiento inicial; 1) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>coste <span class=\"_ _3\"></span>amortiza<span class=\"_ _3\"></span>do, y <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en resu<span class=\"_ _3\"></span>ltados. <span class=\"_ _3\"></span>En esta<span class=\"_ _3\"></span> \u00faltima <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>se recogen b<span class=\"_ _3\"></span>\u00e1sicamente <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>contrap<span class=\"_ _3\"></span>restaciones<span class=\"_ _3\"></span> con<span class=\"_ _3\"></span>tingentes qu<span class=\"_ _3\"></span>e s<span class=\"_ _3\"></span>e pu<span class=\"_ _3\"></span>edan <span class=\"_ _3\"></span>originar <span class=\"_ _3\"></span>en las <span class=\"_ _3\"></span>combinaciones <span class=\"_ _3\"></span>de negocios.<span class=\"_ _65\"> </span>  ENCE da <span class=\"_ _d\"></span>de baja <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>pasivo f<span class=\"_ _2\"></span>inanciero <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>una parte <span class=\"_ _d\"></span>del mismo <span class=\"_ _d\"></span>cu<span class=\"_ _3\"></span>ando ha <span class=\"_ _d\"></span>cumplido<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>obligaci\u00f3n <span class=\"_ _2\"></span>contenida en el pasivo o b<span class=\"_ _3\"></span>ien est\u00e9 legalmente dispensado<span class=\"_ _3\"></span> de la responsab<span class=\"_ _3\"></span>ilidad principal co<span class=\"_ _3\"></span>ntenida en el pasivo.<span class=\"_ _f\"></span> Obligaciones, bo<span class=\"_ _3\"></span>nos y deudas con e<span class=\"_ _3\"></span>ntidades de cr\u00e9dito<span class=\"_ _65\"> </span><span class=\"_ _3\"></span>- Los p<span class=\"_ _3\"></span>r\u00e9stamos, o<span class=\"_ _3\"></span>bligaciones y <span class=\"_ _3\"></span>similares <span class=\"_ _3\"></span>se registra<span class=\"_ _3\"></span>n inicialmente <span class=\"_ _3\"></span>a v<span class=\"_ _3\"></span>alor razon<span class=\"_ _3\"></span>able, valor <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>normalmente coincide con el efectiv<span class=\"_ _3\"></span>o recibido, neto d<span class=\"_ _3\"></span>e los costes in<span class=\"_ _3\"></span>curridos en la trans<span class=\"_ _3\"></span>acci\u00f3n. En periodos p<span class=\"_ _3\"></span>osteriores, la totalidad de estas d<span class=\"_ _3\"></span>eudas se valora a su co<span class=\"_ _3\"></span>ste amortizado, utilizando el m\u00e9todo d<span class=\"_ _3\"></span>el tipo de inter\u00e9s efectivo.<span class=\"_ _65\"> </span>Los gastos finan<span class=\"_ _3\"></span>cieros as\u00ed como los costes de estru<span class=\"_ _3\"></span>cturaci\u00f3n, se registran seg\u00fan el criterio del devengo <span class=\"_ _3\"></span>en el Estado de Resultad<span class=\"_ _3\"></span>o consolidado utiliza<span class=\"_ _3\"></span>ndo el m\u00e9todo del inter\u00e9s efectivo<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>Las <span class=\"_ _10\"></span>operaciones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>refin<span class=\"_ _3\"></span>anciaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>deuda <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciera <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>contabilizan <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>cancelaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"> </span>pasivo<span class=\"_ _3\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ustancialmente <span class=\"_ _10\"></span>diferentes. <span class=\"_ _0\"></span>Esto <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>produce <span class=\"_ _0\"></span>cuand<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>act<span class=\"_ _3\"></span>ual <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"> </span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>fectivo descontados<span class=\"_ _3\"></span> bajo <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>nuevas condiciones, incluyendo cualquier <span class=\"_ _d\"></span>com<span class=\"_ _3\"></span>isi\u00f3n pagada neta <span class=\"_ _2\"></span>de cualquier <span class=\"_ _2\"></span>comisi\u00f3n recibida, y utilizando para hacer el <span class=\"_ _2\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al <span class=\"_ _3\"></span>menos en un 10% del valor actual descontado de los flujos de <span class=\"_ _2\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por su<span class=\"_ _2\"></span> parte, <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>costes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>estru<span class=\"_ _3\"></span>cturaci\u00f3n <span class=\"_ _10\"> </span>pendientes <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>imputar <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>resu<span class=\"_ _3\"></span>ltados <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>financiaci\u00f3n <span class=\"_ _10\"> </span>can<span class=\"_ _3\"></span>celada <span class=\"_ _10\"> </span>se imputan <span class=\"_ _f\"></span>\u00edntegramente <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>resultados <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>momento <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>cancelaci\u00f3n. <span class=\"_ _f\"></span>Si <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>operaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>refinanciaci\u00f3n <span class=\"_ _f\"></span>no cumple los criterios descritos para registrarse como una can<span class=\"_ _3\"></span>celaci\u00f3n del pasivo financiero original, los flujos modificados <span class=\"_ _16\"> </span>se  descuentan<span class=\"_ _3\"></span>  al <span class=\"_ _16\"> </span>tipo  d<span class=\"_ _3\"></span>e  inter\u00e9s <span class=\"_ _16\"> </span>efectivo <span class=\"_ _16\"> </span>original<span class=\"_ _3\"></span>, <span class=\"_ _16\"> </span>reconociendo  en <span class=\"_ _16\"> </span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _16\"> </span>cualquier diferencia <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _10\"></span>contable <span class=\"_ _0\"></span>previo. <span class=\"_ _10\"></span>Los <span class=\"_ _0\"></span>gastos <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>cieros, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>estructuraci\u00f3n, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e registran <span class=\"_ _10\"></span>seg\u00fan <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _10\"> </span>de<span class=\"_ _3\"></span>l <span class=\"_ _10\"></span>devengo <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _10\"> </span>consolidado <span class=\"_ _10\"> </span>utilizando <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>del inter\u00e9s efectivo.<span class=\"_ _3\"></span> La recompras de instrumentos de deuda im<span class=\"_ _2\"></span>plica que la deuda queda extinguida, <span class=\"_ _2\"></span>incluso en el <span class=\"_ _2\"></span>caso de que e<span class=\"_ _2\"></span>l emisor intente revenderlo en <span class=\"_ _3\"></span>un futuro<span class=\"_ _3\"></span> inmediato.<span class=\"_ _65\"> </span>Acreedores comerciale<span class=\"_ _3\"></span>s y otras cuentas a p<span class=\"_ _3\"></span>agar<span class=\"_ _3\"></span>- Los <span class=\"_ _13\"> </span>acreedores <span class=\"_ _10\"> </span>comerciales <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>otras <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>pagar <span class=\"_ _10\"> </span>derivados <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>operaciones <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>son<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>pasivo<span class=\"_ _3\"></span>s financieros <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>mayor <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _d\"></span>presentan <span class=\"_ _2\"></span>vencimiento <span class=\"_ _d\"></span>a corto <span class=\"_ _d\"></span>plazo <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>no <span class=\"_ _d\"></span>devengan <span class=\"_ _2\"></span>intereses. <span class=\"_ _d\"></span>Estos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>saldos se registran inicialment<span class=\"_ _3\"></span>e a su valor razonab<span class=\"_ _3\"></span>le y <span class=\"_ _3\"></span>posteriormente a su cos<span class=\"_ _3\"></span>te amortizado.<span class=\"_ _65\"> </span> El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"_ _2\"></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=\"_ _2\"></span>en la <span class=\"_ _2\"></span>partida de <span class=\"ff6\">\u201cAcreedores comerciales y <span class=\"_ _2\"></span>otras cuentas a <span class=\"_ _2\"></span>pagar\u201d, y <span class=\"_ _2\"></span>se clasifican <span class=\"_ _2\"></span>en </span>el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"_ _2\"></span>xplotaci\u00f3n, en la medida en que ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"_ _2\"></span> las e<span class=\"_ _2\"></span>ntidades financieras, manteni\u00e9ndose como obliga<span class=\"_ _3\"></span>do primario al pago de las<span class=\"_ _2\"></span> deudas frente <span class=\"_ _2\"></span>a lo<span class=\"_ _2\"></span>s acreedores <span class=\"_ _2\"></span>comerciales (c<span class=\"_ _2\"></span>onfirming sin r<span class=\"_ _2\"></span>ecurso). En <span class=\"_ _2\"></span>caso de<span class=\"_ _2\"></span> que <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>obligado primario <span class=\"_ _2\"></span>sea una entidad fin<span class=\"_ _3\"></span>anciera, estas cesiones se tra<span class=\"_ _3\"></span>tan como deudas<span class=\"_ _3\"></span> con entidades d<span class=\"_ _3\"></span>e cr\u00e9dito.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "Los gastos finan<span class=\"_ _3\"></span>cieros as\u00ed como los costes de estru<span class=\"_ _3\"></span>cturaci\u00f3n, se registran seg\u00fan el criterio del devengo <span class=\"_ _3\"></span>en el Estado de Resultad<span class=\"_ _3\"></span>o consolidado utiliza<span class=\"_ _3\"></span>ndo el m\u00e9todo del inter\u00e9s efectivo<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "Acreedores comerciale<span class=\"_ _3\"></span>s y otras cuentas a p<span class=\"_ _3\"></span>agar<span class=\"_ _3\"></span>- Los <span class=\"_ _13\"> </span>acreedores <span class=\"_ _10\"> </span>comerciales <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>otras <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>pagar <span class=\"_ _10\"> </span>derivados <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>operaciones <span class=\"_ _13\"> </span>comerciales <span class=\"_ _10\"> </span>son<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>pasivo<span class=\"_ _3\"></span>s financieros <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>su <span class=\"_ _2\"></span>mayor <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _d\"></span>presentan <span class=\"_ _2\"></span>vencimiento <span class=\"_ _d\"></span>a corto <span class=\"_ _d\"></span>plazo <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>no <span class=\"_ _d\"></span>devengan <span class=\"_ _2\"></span>intereses. <span class=\"_ _d\"></span>Estos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>saldos se registran inicialment<span class=\"_ _3\"></span>e a su valor razonab<span class=\"_ _3\"></span>le y <span class=\"_ _3\"></span>posteriormente a su cos<span class=\"_ _3\"></span>te amortizado.<span class=\"_ _65\"> </span> El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"_ _2\"></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=\"_ _2\"></span>en la <span class=\"_ _2\"></span>partida de <span class=\"ff6\">\u201cAcreedores comerciales y <span class=\"_ _2\"></span>otras cuentas a <span class=\"_ _2\"></span>pagar\u201d, y <span class=\"_ _2\"></span>se clasifican <span class=\"_ _2\"></span>en </span>el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"_ _2\"></span>xplotaci\u00f3n, en la medida en que ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"_ _2\"></span> las e<span class=\"_ _2\"></span>ntidades financieras, manteni\u00e9ndose como obliga<span class=\"_ _3\"></span>do primario al pago de las<span class=\"_ _2\"></span> deudas frente <span class=\"_ _2\"></span>a lo<span class=\"_ _2\"></span>s acreedores <span class=\"_ _2\"></span>comerciales (c<span class=\"_ _2\"></span>onfirming sin r<span class=\"_ _2\"></span>ecurso). En <span class=\"_ _2\"></span>caso de<span class=\"_ _2\"></span> que <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>obligado primario <span class=\"_ _2\"></span>sea una entidad fin<span class=\"_ _3\"></span>anciera, estas cesiones se tra<span class=\"_ _3\"></span>tan como deudas<span class=\"_ _3\"></span> con entidades d<span class=\"_ _3\"></span>e cr\u00e9dito.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "Las acciones p<span class=\"_ _3\"></span>ropias que adquiere ENCE se registran a su coste de adquisici\u00f3n<span class=\"_ _3\"></span>, y se presentan minorando el patrimonio neto. Los resu<span class=\"_ _3\"></span>ltados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los instru<span class=\"_ _3\"></span>mentos del patrimonio prop<span class=\"_ _3\"></span>io se reconocen directam<span class=\"_ _3\"></span>ente en patri<span class=\"_ _3\"></span>monio neto<span class=\"_ _3\"></span>. La <span class=\"_ _f\"></span>amortizaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>accion<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>ENCE, <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>lugar <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>reducci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>capita<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>impor<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>ominal <span class=\"_ _f\"></span>de dichas acciones y la diferencia positiva o negativa entre el <span class=\"_ _2\"></span>precio de adquisici\u00f3n y el nominal de las acciones se carga o abon<span class=\"_ _3\"></span>a a cuentas de reservas<span class=\"_ _3\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "Los <span class=\"_ _3\"></span>div<span class=\"_ _3\"></span>idendos <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>resultado <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>ejercicio, <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>div<span class=\"_ _3\"></span>idendos <span class=\"_ _3\"></span>complementarios <span class=\"_ _f\"></span>pagados p<span class=\"_ _3\"></span>or ENCE minoran el Patrimon<span class=\"_ _3\"></span>io Neto en el momento d<span class=\"_ _3\"></span>e su aprobaci\u00f3<span class=\"_ _3\"></span>n.<span class=\"_ _65\"> </span>Los <span class=\"_ _f\"></span>ingresos <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>dividendos <span class=\"_ _3\"></span>procedentes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>invers<span class=\"_ _3\"></span>iones <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>registran <span class=\"_ _f\"></span>cuando <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>derecho <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>su percepci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "3.8<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Instrumentos financieros<span class=\"_ _2\"></span> derivados y opera<span class=\"_ _2\"></span>ciones de cob<span class=\"_ _2\"></span>ertura </span>Las actividades del Grupo lo <span class=\"_ _2\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _2\"></span>de mercado de<span class=\"_ _2\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _2\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _2\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>pasta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>papel <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>me<span class=\"_ _3\"></span>rcado <span class=\"_ _3\"></span>intern<span class=\"_ _3\"></span>acional <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>\u00f3lares, <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>pias <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>tipo de cambio <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>ventas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>divisa, 3) <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>celulosa, <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>biometano, <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>fuel-oil, <span class=\"_ _3\"></span>el gas <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _3\"></span>el\u00e9ctrica, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4) <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>evoluci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>tipos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ter\u00e9s. <span class=\"_ _3\"></span>Pa<span class=\"_ _f\"></span>ra <span class=\"_ _3\"></span>cubrir <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>exposiciones <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo puede <span class=\"_ _2\"></span>utilizar <span class=\"_ _d\"></span>ins<span class=\"_ _3\"></span>trumentos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>derivados. <span class=\"_ _2\"></span>No <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>pol\u00edtica <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tratar <span class=\"_ _2\"></span>instrumentos <span class=\"_ _2\"></span>financieros derivados con<span class=\"_ _3\"></span> fines especulativos.<span class=\"_ _3\"></span> Estos <span class=\"_ _16\"> </span>instrumentos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>financieros <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>valoran <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>todo <span class=\"_ _16\"> </span>momento <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>su<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>alor <span class=\"_ _16\"> </span>razonable,<span class=\"_ _3\"></span>  registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _16\"> </span>las variaciones <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>\u201cInstrumentos f<span class=\"_ _2\"></span>inancieros <span class=\"_ _2\"></span>derivados\u201d<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>pasivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>Situaci\u00f3n Financiera consolidado s<span class=\"_ _3\"></span>i son negativas, y como \u201cActivos<span class=\"_ _3\"></span> fi<span class=\"ff3\">nan<span class=\"_ _3\"></span>cieros </span>\u2013<span class=\"ff3\"> </span>Derivados d<span class=\"_ _3\"></span>e cobertura\u201d si s<span class=\"_ _3\"></span>on positivas.<span class=\"_ _65\"> </span> <span class=\"ff3\"> </span>Los <span class=\"_ _3\"></span>beneficios <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dichas <span class=\"_ _3\"></span>fluctuaciones <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>Resultado<span class=\"_ _f\"></span> con<span class=\"_ _3\"></span>solidado <span class=\"_ _3\"></span>como un re<span class=\"_ _2\"></span>sultado financiero, <span class=\"_ _2\"></span>salvo <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>derivad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>una parte <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>haya sido <span class=\"_ _2\"></span>designado <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>instrumento de cobertura y \u00e9sta<span class=\"_ _3\"></span> sea altamente efectiva, en cu<span class=\"_ _3\"></span>yo caso s<span class=\"_ _3\"></span>u registro es el siguiente:<span class=\"_ _65\"> </span>1.<span class=\"ls0_1\"> <span class=\"_ _1f\"> </span>Coberturas <span class=\"_ _3\"></span>de valor <span class=\"_ _3\"></span>razonable: el <span class=\"_ _3\"></span>elemento <span class=\"_ _3\"></span>cubierto se <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>su valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>al igual q<span class=\"_ _3\"></span>ue el </span>instrumento <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura, <span class=\"_ _2\"></span>registr\u00e1ndose <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>variacion<span class=\"_ _3\"></span>es <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>valor <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>ambos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Estado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Resultado<span class=\"_ _3\"></span> consolidado<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>  2.<span class=\"ls0_1\"> <span class=\"_ _1f\"> </span>Coberturas de <span class=\"_ _2\"></span>flujos de <span class=\"_ _2\"></span>efectivo: <span class=\"_ _2\"></span>la parte <span class=\"_ _2\"></span>eficaz <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>cambios en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>razonable de <span class=\"_ _2\"></span>los derivados </span>que se <span class=\"_ _2\"></span>designan y <span class=\"_ _2\"></span>califican <span class=\"_ _2\"></span>como coberturas de <span class=\"_ _d\"></span>flujo<span class=\"_ _3\"></span>s de <span class=\"_ _2\"></span>efectivo <span class=\"_ _2\"></span>se reconoce <span class=\"_ _d\"></span>en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201cAjustes en <span class=\"_ _13\"> </span>patrimonio  por<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>valoraci\u00f3n\u201d  del <span class=\"_ _13\"> </span>\u201cEstado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Resultado <span class=\"_ _13\"> </span>Global <span class=\"_ _13\"> </span>consolidado\u201d.  La<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>ganancia <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>la p\u00e9rdida <span class=\"_ _f\"></span>relacion<span class=\"_ _3\"></span>ada <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>eficaz <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>reconoce <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>mediatamente<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>Esta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado consolidado,<span class=\"_ _3\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _3\"></span> en valor razonab<span class=\"_ _3\"></span>le de instrumentos fin<span class=\"_ _3\"></span>ancieros\u201d<span class=\"_ _3\"></span></span><span class=\"ls13\">.<span class=\"_ _65\"> </span></span>a <span class=\"_ _13\"> </span>cubrir <span class=\"_ _10\"> </span>trans<span class=\"_ _3\"></span>acciones <span class=\"_ _13\"> </span>previstas, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>grupo <span class=\"_ _10\"> </span>eval\u00faa  si <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>ichas transacciones  son <span class=\"_ _13\"> </span>altamente <span class=\"_ _13\"> </span>probables, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>ese <span class=\"_ _13\"> </span>caso <span class=\"_ _13\"> </span>designa <span class=\"_ _13\"> </span>tanto  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>intr\u00ednseco <span class=\"_ _13\"> </span>como <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>valor temporal del contrato d<span class=\"_ _3\"></span>e opci\u00f3n como in<span class=\"_ _3\"></span>strumento de c<span class=\"_ _3\"></span>obertura. <span class=\"_ _3\"></span> Al <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>cobertura, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>esigna <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>documenta <span class=\"_ _3\"></span>formalmente <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>relaciones <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cobertu<span class=\"_ _3\"></span>ra, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _f\"></span>como el<span class=\"_ _3\"></span> objetivo y <span class=\"_ _2\"></span>la estrategia <span class=\"_ _2\"></span>que asume <span class=\"_ _2\"></span>con re<span class=\"_ _2\"></span>specto a <span class=\"_ _2\"></span>las mismas. La <span class=\"_ _2\"></span>documentaci\u00f3n incluye la <span class=\"_ _2\"></span>identificaci\u00f3n del instrumento de cob<span class=\"_ _3\"></span>ertura, la partida cubie<span class=\"_ _3\"></span>rta, la naturaleza del riesgo cu<span class=\"_ _3\"></span>bierto y la forma en la q<span class=\"_ _3\"></span>ue se mide la <span class=\"_ _10\"> </span>eficacia <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cobertura. <span class=\"_ _10\"> </span>Igualmente, <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>inicio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cobertura <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _10\"></span>continua <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>eval\u00faa <span class=\"_ _10\"> </span>si <span class=\"_ _10\"> </span>la cobertura <span class=\"_ _10\"> </span>es <span class=\"_ _13\"> </span>eficaz. <span class=\"_ _10\"></span>Dicha <span class=\"_ _10\"> </span>eficacia <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>verifica <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>trav\u00e9s <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>\u201ctest <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>eficacia\u201d  <span class=\"ff3\">donde <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>chequea <span class=\"_ _10\"> </span>si <span class=\"_ _13\"> </span>es<span class=\"_ _2\"></span> </span>esperable <span class=\"_ _3\"></span>prosp<span class=\"_ _3\"></span>ectivamente <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el valo<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>o en <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>efe<span class=\"_ _2\"></span>ctivo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la p<span class=\"_ _3\"></span>artida cubierta <span class=\"_ _15\"> </span>(atribuibles <span class=\"_ _17\"> </span>al <span class=\"_ _19\"> </span>ri<span class=\"_ _3\"></span>esgo <span class=\"_ _15\"> </span>cub<span class=\"_ _3\"></span>ierto) <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>comp<span class=\"_ _3\"></span>ensen <span class=\"_ _15\"> </span>razonab<span class=\"_ _3\"></span>lemente <span class=\"_ _15\"> </span>con <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>cor<span class=\"_ _3\"></span>respondientes <span class=\"_ _17\"> </span>al instrumento de <span class=\"_ _2\"></span>cobertura. El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>derivados<span class=\"_ _3\"></span> incluye <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ajuste de <span class=\"_ _d\"></span>riesgo de <span class=\"_ _2\"></span>cr\u00e9dito de <span class=\"_ _2\"></span>forma que sus variacion<span class=\"_ _3\"></span>es son consideradas en la<span class=\"_ _3\"></span> medici\u00f3n de la eficacia.<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>evaluaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cualitativa <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>eficacia, <span class=\"_ _f\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>cond<span class=\"_ _3\"></span>iciones <span class=\"_ _f\"></span>fundamentales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del instrumento <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>partida <span class=\"_ _3\"></span>cubierta <span class=\"_ _f\"></span>coincidan. <span class=\"_ _3\"></span>Cuando <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>diciones <span class=\"_ _3\"></span>fundamentales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>plenamente coincidentes, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>utiliza <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>erivado <span class=\"_ _13\"> </span>hipo<span class=\"_ _3\"></span>t\u00e9tico <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>condiciones <span class=\"_ _13\"> </span>fundamentales <span class=\"_ _13\"> </span>equivalentes <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>la partida cubierta p<span class=\"_ _3\"></span>ara evaluar y medir la ineficacia.<span class=\"_ _f\"></span> ENCE <span class=\"_ _3\"></span>interrumpe <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>pros<span class=\"_ _3\"></span>pectiva <span class=\"_ _3\"></span>s\u00f3lo <span class=\"_ _3\"></span>cuando<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>parte de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>de cobertura <span class=\"_ _3\"></span>deja <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cumplir <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>requisitos <span class=\"_ _3\"></span>cualificados. <span class=\"_ _3\"></span>Esto <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>instrumento<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura <span class=\"_ _d\"></span>exp<span class=\"_ _3\"></span>ira, <span class=\"_ _d\"></span>es vendido, <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>ejercido, e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>objetivo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>g<span class=\"_ _3\"></span>esti\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go <span class=\"_ _d\"></span>ha cambiado, <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>efecto <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>riesgo de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>dom<span class=\"_ _3\"></span>ina <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>valor, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>instrumento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _f\"></span>llega a <span class=\"_ _f\"></span>vencimiento <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>liquidado<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>o deja <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>existir <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ubyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _0\"></span>efectos, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>sustitu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>reno<span class=\"_ _3\"></span>vaci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>instru<span class=\"_ _3\"></span>mento <span class=\"_ _f\"></span>de cobertura <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>expiraci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>finalizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _10\"> </span>que <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>operaci\u00f3n <span class=\"_ _10\"> </span>sea <span class=\"_ _10\"></span>consistente <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _3\"></span> de riesgo del Grupo.<span class=\"_ _3\"></span> En <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>coberturas <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"> </span>flujos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>efectivo, <span class=\"_ _10\"> </span>tras <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>interrupci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>relaci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>cobertura, <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>importe acumulado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Otro <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>Global <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e reconoce <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _3\"></span>hasta <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>transacci\u00f3n<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>revista <span class=\"_ _3\"></span>tenga lugar. As\u00ed <span class=\"_ _3\"></span>mismo, los<span class=\"_ _3\"></span> importes <span class=\"_ _3\"></span>acumulados <span class=\"_ _3\"></span>en O<span class=\"_ _3\"></span>tro <span class=\"_ _3\"></span>Resultado Glob<span class=\"_ _3\"></span>al se <span class=\"_ _3\"></span>reclasifican como <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>o gas<span class=\"_ _3\"></span>tos financieros cuand<span class=\"_ _3\"></span>o el Grupo no espera q<span class=\"_ _3\"></span>ue la transacci\u00f3n p<span class=\"_ _3\"></span>revista vaya a produ<span class=\"_ _3\"></span>cirse.<span class=\"_ _3\"></span> Los <span class=\"_ _10\"></span>derivados <span class=\"_ _10\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>otros <span class=\"_ _10\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>contabilizados <span class=\"_ _10\"></span>separadamente <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _10\"></span>el Grupo <span class=\"_ _2\"></span>considera que <span class=\"_ _d\"></span>sus carac<span class=\"_ _2\"></span>ter\u00edsticas y <span class=\"_ _d\"></span>riesgos no <span class=\"_ _d\"></span>est\u00e1n es<span class=\"_ _2\"></span>trechamente relacionados <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>instrumentos financieros <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>encuentran <span class=\"_ _f\"></span>impl\u00edcitos<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>instrumento <span class=\"_ _f\"></span>f<span class=\"_ _3\"></span>inanciero <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>cues<span class=\"_ _3\"></span>ti\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>su conjunto no <span class=\"_ _2\"></span>est\u00e9 <span class=\"_ _2\"></span>siendo <span class=\"_ _2\"></span>contabilizado a <span class=\"_ _d\"></span>valor razonable <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cambios e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>resultados<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>tiene <span class=\"_ _2\"></span>derivados impl\u00edcitos que sean o<span class=\"_ _3\"></span>bjeto de contabilidad<span class=\"_ _3\"></span> separada.<span class=\"_ _3\"></span> Valor razonable de los<span class=\"_ _3\"></span> instrumento<span class=\"_ _3\"></span>s financieros derivados<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _f\"></span>financieros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>etermina <span class=\"_ _f\"></span>utilizando<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>siguiente <span class=\"_ _0\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _3\"></span> 27<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel 1: por observ<span class=\"_ _3\"></span>aci\u00f3n directa de la cotizaci\u00f3n<span class=\"_ _3\"></span> en mercados a<span class=\"_ _3\"></span>ctivos, de activos y p<span class=\"_ _3\"></span>asivos id\u00e9nticos. <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _3\"></span>2: empleando <span class=\"_ _3\"></span>inp<span class=\"_ _3\"></span>uts <span class=\"_ _3\"></span>disponibles <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>activos, <span class=\"_ _3\"></span>diferentes <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>precios de <span class=\"_ _3\"></span>cotizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>que </span></span>son aplicables<span class=\"_ _3\"></span> a los activos y pasivos<span class=\"_ _3\"></span>, tanto directa como indirectamente.<span class=\"_ _f\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _0\"></span>3: <span class=\"_ _f\"></span>utiliza<span class=\"_ _3\"></span>ndo <span class=\"_ _0\"></span>t\u00e9cnicas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>valoraci\u00f3n <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>mercados </span></span>activos.<span class=\"_ _65\"> </span>derivados se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _3\"></span> este tipo de instrumentos financieros<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>a partir de datos facilitados por agencias<span class=\"_ _3\"></span> de informaci\u00f3n o dat<span class=\"_ _3\"></span>os de organismos oficiales<span class=\"_ _3\"></span>, d<span class=\"_ _3\"></span>el siguiente mod<span class=\"_ _3\"></span>o: \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>permutas de <span class=\"_ _d\"></span>tipo de <span class=\"_ _d\"></span>inter\u00e9s se determina <span class=\"_ _d\"></span>actualizan<span class=\"_ _3\"></span>do las <span class=\"_ _d\"></span>liquid<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _2\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _2\"></span>de tipos swap a largo plazo<span class=\"_ _3\"></span>. Se utiliza la volatilidad impl\u00edcita p<span class=\"_ _3\"></span>ara el c\u00e1lculo d<span class=\"_ _3\"></span>e los valores razon<span class=\"_ _3\"></span>ables.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>cas<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>contratos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>tipo  de <span class=\"_ _10\"> </span>cambio  a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>futuro, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>u <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>determina  utilizando <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> </span></span>cotizaciones <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _10\"> </span>contado <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cambio <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>las <span class=\"_ _10\"></span>curvas <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>inter\u00e9s <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _3\"></span>mo el empleo de la v<span class=\"_ _3\"></span>olatilidad impl\u00edcita<span class=\"_ _3\"></span> hasta<span class=\"_ _3\"></span> el vencimiento en el caso <span class=\"_ _3\"></span>de opciones. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>razonable <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>contratos  de <span class=\"_ _10\"> </span>compraventa  de <span class=\"_ _10\"> </span>ele<span class=\"_ _3\"></span>mentos <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>financieros <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _3\"></span>NIIF <span class=\"_ _3\"></span>9 (precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la celulos<span class=\"_ _3\"></span>a y <span class=\"_ _3\"></span>precio de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>energ\u00eda prin<span class=\"_ _3\"></span>cipalmente) se <span class=\"_ _3\"></span>calcula <span class=\"_ _3\"></span>a par<span class=\"_ _3\"></span>tir de <span class=\"_ _3\"></span>la mejor <span class=\"_ _3\"></span>estima<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>curvas <span class=\"_ _3\"></span>futuras<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>recios <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>elementos <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>cieros, <span class=\"_ _3\"></span>existen<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _3\"></span> a plazo.  Los valores <span class=\"_ _2\"></span>razonables se <span class=\"_ _d\"></span>aj<span class=\"_ _3\"></span>ustan por <span class=\"_ _d\"></span>el impacto e<span class=\"_ _2\"></span>sperado del <span class=\"_ _d\"></span>riesgo de cr\u00e9dito <span class=\"_ _2\"></span>observable de <span class=\"_ _d\"></span>la contraparte en <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>escenarios <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valoraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>positivos, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>impacto <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>riesgo <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>cr\u00e9dito <span class=\"_ _13\"> </span>propio <span class=\"_ _13\"> </span>observable <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>los escenarios de valo<span class=\"_ _3\"></span>raci\u00f3n negativos.<span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>valores <span class=\"_ _f\"></span>obtenidos <span class=\"_ _f\"></span>utilizando <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tas <span class=\"_ _f\"></span>t\u00e9cnicas <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>on <span class=\"_ _f\"></span>contrastados <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>financieras <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que ENCE tiene contrata<span class=\"_ _3\"></span>dos estos instrumentos fin<span class=\"_ _3\"></span>ancieros.<span class=\"_ _3\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _3\"></span>encuadradas <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>nivel 2 de <span class=\"_ _3\"></span>la jerarq<span class=\"_ _3\"></span>u\u00eda de <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>razonables <span class=\"_ _3\"></span>establecida p<span class=\"_ _3\"></span>or la NIIF <span class=\"_ _3\"></span>13, po<span class=\"_ _3\"></span>r estar los inputs basad<span class=\"_ _3\"></span>os en precios cotizados par<span class=\"_ _3\"></span>a instru<span class=\"_ _3\"></span>mentos similares en mercados activos<span class=\"_ _3\"></span> (no incluidos en el nivel <span class=\"_ _d\"></span>1), precios <span class=\"_ _d\"></span>cotizados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>para <span class=\"_ _2\"></span>instrumentos id\u00e9nticos <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>similares <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>mercados <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>so<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>t\u00e9cnicas basadas <span class=\"_ _13\"> </span>en <span class=\"_ _10\"></span>modelos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>valora<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"> </span>para <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>cuales <span class=\"_ _10\"> </span>todos <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>inputs <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ignificativos  son <span class=\"_ _10\"></span>observables <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el mercado o <span class=\"_ _3\"></span>pueden s<span class=\"_ _3\"></span>er corrob<span class=\"_ _3\"></span>orados <span class=\"_ _3\"></span>por datos <span class=\"_ _3\"></span>observables d<span class=\"_ _3\"></span>e mercado. E<span class=\"_ _3\"></span>n dicha <span class=\"_ _3\"></span>clasificaci\u00f3n <span class=\"_ _3\"></span>se h<span class=\"_ _3\"></span>a tenido en <span class=\"_ _3\"></span>consideraci\u00f3n <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>riesgo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>utilizan <span class=\"_ _3\"></span>inputs <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nivel <span class=\"_ _3\"></span>3, como <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>estimaciones de <span class=\"_ _10\"> </span>cr\u00e9dito <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>funci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ra<span class=\"_ _3\"></span>ting <span class=\"_ _10\"> </span>crediticio <span class=\"_ _13\"> </span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>empresa<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>comparables <span class=\"_ _13\"> </span>para <span class=\"_ _10\"> </span>evaluar <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>robabilidad <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> quiebra <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>contraparte, <span class=\"_ _f\"></span>si <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>ien, <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>ajustes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>significativos. <span class=\"_ _f\"></span>Por <span class=\"_ _3\"></span>otra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>parte, <span class=\"_ _3\"></span>las contraprestacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tingentes <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>valores <span class=\"_ _17\"> </span>razonables <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>los <span class=\"_ _1a\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _15\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _15\"> </span>incorp<span class=\"_ _3\"></span>orados <span class=\"_ _17\"> </span>en combinaciones de negocios<span class=\"_ _3\"></span> quedan encuad<span class=\"_ _3\"></span>radas en el niv<span class=\"_ _3\"></span>el 3 de la jerarqu\u00eda (v\u00e9a<span class=\"_ _3\"></span>nse Nota<span class=\"_ _3\"></span>s 4 y 6<span class=\"ls18\">).<span class=\"_ _65\"> </span></span><span class=\"ls18\"><span class=\"_ _3\"></span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "3.8<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Instrumentos financieros<span class=\"_ _2\"></span> derivados y opera<span class=\"_ _2\"></span>ciones de cob<span class=\"_ _2\"></span>ertura </span>Las actividades del Grupo lo <span class=\"_ _2\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _2\"></span>de mercado de<span class=\"_ _2\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _2\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _2\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>pasta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>papel <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>me<span class=\"_ _3\"></span>rcado <span class=\"_ _3\"></span>intern<span class=\"_ _3\"></span>acional <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>\u00f3lares, <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>pias <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>tipo de cambio <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>ventas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>divisa, 3) <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>variaciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>celulosa, <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>biometano, <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>fuel-oil, <span class=\"_ _3\"></span>el gas <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _3\"></span>el\u00e9ctrica, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4) <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>evoluci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>tipos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ter\u00e9s. <span class=\"_ _3\"></span>Pa<span class=\"_ _f\"></span>ra <span class=\"_ _3\"></span>cubrir <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>exposiciones <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo puede <span class=\"_ _2\"></span>utilizar <span class=\"_ _d\"></span>ins<span class=\"_ _3\"></span>trumentos <span class=\"_ _2\"></span>financieros <span class=\"_ _2\"></span>derivados. <span class=\"_ _2\"></span>No <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>pol\u00edtica <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tratar <span class=\"_ _2\"></span>instrumentos <span class=\"_ _2\"></span>financieros derivados con<span class=\"_ _3\"></span> fines especulativos.<span class=\"_ _3\"></span> Estos <span class=\"_ _16\"> </span>instrumentos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>financieros <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>valoran <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>todo <span class=\"_ _16\"> </span>momento <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>su<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>alor <span class=\"_ _16\"> </span>razonable,<span class=\"_ _3\"></span>  registr\u00e1<span class=\"_ _3\"></span>ndose <span class=\"_ _16\"> </span>las variaciones <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>\u201cInstrumentos f<span class=\"_ _2\"></span>inancieros <span class=\"_ _2\"></span>derivados\u201d<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>pasivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>Situaci\u00f3n Financiera consolidado s<span class=\"_ _3\"></span>i son negativas, y como \u201cActivos<span class=\"_ _3\"></span> fi<span class=\"ff3\">nan<span class=\"_ _3\"></span>cieros </span>\u2013<span class=\"ff3\"> </span>Derivados d<span class=\"_ _3\"></span>e cobertura\u201d si s<span class=\"_ _3\"></span>on positivas.<span class=\"_ _65\"> </span> <span class=\"ff3\"> </span>Los <span class=\"_ _3\"></span>beneficios <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>p\u00e9rdidas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dichas <span class=\"_ _3\"></span>fluctuaciones <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Estad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>Resultado<span class=\"_ _f\"></span> con<span class=\"_ _3\"></span>solidado <span class=\"_ _3\"></span>como un re<span class=\"_ _2\"></span>sultado financiero, <span class=\"_ _2\"></span>salvo <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>derivad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>una parte <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>haya sido <span class=\"_ _2\"></span>designado <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>instrumento de cobertura y \u00e9sta<span class=\"_ _3\"></span> sea altamente efectiva, en cu<span class=\"_ _3\"></span>yo caso s<span class=\"_ _3\"></span>u registro es el siguiente:<span class=\"_ _65\"> </span>1.<span class=\"ls0_1\"> <span class=\"_ _1f\"> </span>Coberturas <span class=\"_ _3\"></span>de valor <span class=\"_ _3\"></span>razonable: el <span class=\"_ _3\"></span>elemento <span class=\"_ _3\"></span>cubierto se <span class=\"_ _3\"></span>valora <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>su valor <span class=\"_ _3\"></span>razonable <span class=\"_ _3\"></span>al igual q<span class=\"_ _3\"></span>ue el </span>instrumento <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura, <span class=\"_ _2\"></span>registr\u00e1ndose <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>variacion<span class=\"_ _3\"></span>es <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>valor <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>ambos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>Estado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Resultado<span class=\"_ _3\"></span> consolidado<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>  2.<span class=\"ls0_1\"> <span class=\"_ _1f\"> </span>Coberturas de <span class=\"_ _2\"></span>flujos de <span class=\"_ _2\"></span>efectivo: <span class=\"_ _2\"></span>la parte <span class=\"_ _2\"></span>eficaz <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>cambios en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>razonable de <span class=\"_ _2\"></span>los derivados </span>que se <span class=\"_ _2\"></span>designan y <span class=\"_ _2\"></span>califican <span class=\"_ _2\"></span>como coberturas de <span class=\"_ _d\"></span>flujo<span class=\"_ _3\"></span>s de <span class=\"_ _2\"></span>efectivo <span class=\"_ _2\"></span>se reconoce <span class=\"_ _d\"></span>en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201cAjustes en <span class=\"_ _13\"> </span>patrimonio  por<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>valoraci\u00f3n\u201d  del <span class=\"_ _13\"> </span>\u201cEstado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Resultado <span class=\"_ _13\"> </span>Global <span class=\"_ _13\"> </span>consolidado\u201d.  La<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>ganancia <span class=\"_ _13\"> </span>o <span class=\"_ _13\"> </span>la p\u00e9rdida <span class=\"_ _f\"></span>relacion<span class=\"_ _3\"></span>ada <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>eficaz <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>reconoce <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>mediatamente<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>Esta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado consolidado,<span class=\"_ _3\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _3\"></span> en valor razonab<span class=\"_ _3\"></span>le de instrumentos fin<span class=\"_ _3\"></span>ancieros\u201d<span class=\"_ _3\"></span></span><span class=\"ls13\">.<span class=\"_ _65\"> </span></span>a <span class=\"_ _13\"> </span>cubrir <span class=\"_ _10\"> </span>trans<span class=\"_ _3\"></span>acciones <span class=\"_ _13\"> </span>previstas, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>grupo <span class=\"_ _10\"> </span>eval\u00faa  si <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>ichas transacciones  son <span class=\"_ _13\"> </span>altamente <span class=\"_ _13\"> </span>probables, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>ese <span class=\"_ _13\"> </span>caso <span class=\"_ _13\"> </span>designa <span class=\"_ _13\"> </span>tanto  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>intr\u00ednseco <span class=\"_ _13\"> </span>como <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>valor temporal del contrato d<span class=\"_ _3\"></span>e opci\u00f3n como in<span class=\"_ _3\"></span>strumento de c<span class=\"_ _3\"></span>obertura. <span class=\"_ _3\"></span> Al <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>cobertura, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>esigna <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>documenta <span class=\"_ _3\"></span>formalmente <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>relaciones <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cobertu<span class=\"_ _3\"></span>ra, <span class=\"_ _3\"></span>as\u00ed <span class=\"_ _f\"></span>como el<span class=\"_ _3\"></span> objetivo y <span class=\"_ _2\"></span>la estrategia <span class=\"_ _2\"></span>que asume <span class=\"_ _2\"></span>con re<span class=\"_ _2\"></span>specto a <span class=\"_ _2\"></span>las mismas. La <span class=\"_ _2\"></span>documentaci\u00f3n incluye la <span class=\"_ _2\"></span>identificaci\u00f3n del instrumento de cob<span class=\"_ _3\"></span>ertura, la partida cubie<span class=\"_ _3\"></span>rta, la naturaleza del riesgo cu<span class=\"_ _3\"></span>bierto y la forma en la q<span class=\"_ _3\"></span>ue se mide la <span class=\"_ _10\"> </span>eficacia <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cobertura. <span class=\"_ _10\"> </span>Igualmente, <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>inicio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>cobertura <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _10\"></span>continua <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>eval\u00faa <span class=\"_ _10\"> </span>si <span class=\"_ _10\"> </span>la cobertura <span class=\"_ _10\"> </span>es <span class=\"_ _13\"> </span>eficaz. <span class=\"_ _10\"></span>Dicha <span class=\"_ _10\"> </span>eficacia <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>verifica <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>trav\u00e9s <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>\u201ctest <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>eficacia\u201d  <span class=\"ff3\">donde <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>chequea <span class=\"_ _10\"> </span>si <span class=\"_ _13\"> </span>es<span class=\"_ _2\"></span> </span>esperable <span class=\"_ _3\"></span>prosp<span class=\"_ _3\"></span>ectivamente <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>cambios <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el valo<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>o en <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>flujos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>efe<span class=\"_ _2\"></span>ctivo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la p<span class=\"_ _3\"></span>artida cubierta <span class=\"_ _15\"> </span>(atribuibles <span class=\"_ _17\"> </span>al <span class=\"_ _19\"> </span>ri<span class=\"_ _3\"></span>esgo <span class=\"_ _15\"> </span>cub<span class=\"_ _3\"></span>ierto) <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>comp<span class=\"_ _3\"></span>ensen <span class=\"_ _15\"> </span>razonab<span class=\"_ _3\"></span>lemente <span class=\"_ _15\"> </span>con <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>cor<span class=\"_ _3\"></span>respondientes <span class=\"_ _17\"> </span>al instrumento de <span class=\"_ _2\"></span>cobertura. El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>derivados<span class=\"_ _3\"></span> incluye <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ajuste de <span class=\"_ _d\"></span>riesgo de <span class=\"_ _2\"></span>cr\u00e9dito de <span class=\"_ _2\"></span>forma que sus variacion<span class=\"_ _3\"></span>es son consideradas en la<span class=\"_ _3\"></span> medici\u00f3n de la eficacia.<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>evaluaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>cualitativa <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>eficacia, <span class=\"_ _f\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>cond<span class=\"_ _3\"></span>iciones <span class=\"_ _f\"></span>fundamentales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del instrumento <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>partida <span class=\"_ _3\"></span>cubierta <span class=\"_ _f\"></span>coincidan. <span class=\"_ _3\"></span>Cuando <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>diciones <span class=\"_ _3\"></span>fundamentales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>plenamente coincidentes, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>utiliza <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>erivado <span class=\"_ _13\"> </span>hipo<span class=\"_ _3\"></span>t\u00e9tico <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>condiciones <span class=\"_ _13\"> </span>fundamentales <span class=\"_ _13\"> </span>equivalentes <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>la partida cubierta p<span class=\"_ _3\"></span>ara evaluar y medir la ineficacia.<span class=\"_ _f\"></span> ENCE <span class=\"_ _3\"></span>interrumpe <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>pros<span class=\"_ _3\"></span>pectiva <span class=\"_ _3\"></span>s\u00f3lo <span class=\"_ _3\"></span>cuando<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>parte de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>de cobertura <span class=\"_ _3\"></span>deja <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cumplir <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>requisitos <span class=\"_ _3\"></span>cualificados. <span class=\"_ _3\"></span>Esto <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>instrumento<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>cob<span class=\"_ _3\"></span>ertura <span class=\"_ _d\"></span>exp<span class=\"_ _3\"></span>ira, <span class=\"_ _d\"></span>es vendido, <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>ejercido, e<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>objetivo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>g<span class=\"_ _3\"></span>esti\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go <span class=\"_ _d\"></span>ha cambiado, <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>efecto <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>riesgo de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>dom<span class=\"_ _3\"></span>ina <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>cambios <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>valor, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>instrumento <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _f\"></span>llega a <span class=\"_ _f\"></span>vencimiento <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>liquidado<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>o deja <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>existir <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ubyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _0\"></span>efectos, <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>sustitu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>reno<span class=\"_ _3\"></span>vaci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>instru<span class=\"_ _3\"></span>mento <span class=\"_ _f\"></span>de cobertura <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>expiraci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>finalizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _10\"> </span>que <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>operaci\u00f3n <span class=\"_ _10\"> </span>sea <span class=\"_ _10\"></span>consistente <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _3\"></span> de riesgo del Grupo.<span class=\"_ _3\"></span> En <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>coberturas <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"> </span>flujos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>efectivo, <span class=\"_ _10\"> </span>tras <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>interrupci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>relaci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>cobertura, <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>importe acumulado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Otro <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>Global <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e reconoce <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultados <span class=\"_ _3\"></span>hasta <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>transacci\u00f3n<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>revista <span class=\"_ _3\"></span>tenga lugar. As\u00ed <span class=\"_ _3\"></span>mismo, los<span class=\"_ _3\"></span> importes <span class=\"_ _3\"></span>acumulados <span class=\"_ _3\"></span>en O<span class=\"_ _3\"></span>tro <span class=\"_ _3\"></span>Resultado Glob<span class=\"_ _3\"></span>al se <span class=\"_ _3\"></span>reclasifican como <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>o gas<span class=\"_ _3\"></span>tos financieros cuand<span class=\"_ _3\"></span>o el Grupo no espera q<span class=\"_ _3\"></span>ue la transacci\u00f3n p<span class=\"_ _3\"></span>revista vaya a produ<span class=\"_ _3\"></span>cirse.<span class=\"_ _3\"></span> Los <span class=\"_ _10\"></span>derivados <span class=\"_ _10\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>otros <span class=\"_ _10\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>contabilizados <span class=\"_ _10\"></span>separadamente <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _10\"></span>el Grupo <span class=\"_ _2\"></span>considera que <span class=\"_ _d\"></span>sus carac<span class=\"_ _2\"></span>ter\u00edsticas y <span class=\"_ _d\"></span>riesgos no <span class=\"_ _d\"></span>est\u00e1n es<span class=\"_ _2\"></span>trechamente relacionados <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>instrumentos financieros <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>encuentran <span class=\"_ _f\"></span>impl\u00edcitos<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>siempre <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>instrumento <span class=\"_ _f\"></span>f<span class=\"_ _3\"></span>inanciero <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>cues<span class=\"_ _3\"></span>ti\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>su conjunto no <span class=\"_ _2\"></span>est\u00e9 <span class=\"_ _2\"></span>siendo <span class=\"_ _2\"></span>contabilizado a <span class=\"_ _d\"></span>valor razonable <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cambios e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>resultados<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>tiene <span class=\"_ _2\"></span>derivados impl\u00edcitos que sean o<span class=\"_ _3\"></span>bjeto de contabilidad<span class=\"_ _3\"></span> separada.<span class=\"_ _3\"></span> Valor razonable de los<span class=\"_ _3\"></span> instrumento<span class=\"_ _3\"></span>s financieros derivados<span class=\"_ _3\"></span> El <span class=\"_ _f\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _f\"></span>financieros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>etermina <span class=\"_ _f\"></span>utilizando<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>siguiente <span class=\"_ _0\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _3\"></span> 27<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel 1: por observ<span class=\"_ _3\"></span>aci\u00f3n directa de la cotizaci\u00f3n<span class=\"_ _3\"></span> en mercados a<span class=\"_ _3\"></span>ctivos, de activos y p<span class=\"_ _3\"></span>asivos id\u00e9nticos. <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _3\"></span>2: empleando <span class=\"_ _3\"></span>inp<span class=\"_ _3\"></span>uts <span class=\"_ _3\"></span>disponibles <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>activos, <span class=\"_ _3\"></span>diferentes <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>precios de <span class=\"_ _3\"></span>cotizaci\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>que </span></span>son aplicables<span class=\"_ _3\"></span> a los activos y pasivos<span class=\"_ _3\"></span>, tanto directa como indirectamente.<span class=\"_ _f\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">Nivel <span class=\"_ _0\"></span>3: <span class=\"_ _f\"></span>utiliza<span class=\"_ _3\"></span>ndo <span class=\"_ _0\"></span>t\u00e9cnicas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>valoraci\u00f3n <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>incluy<span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>mercados </span></span>activos.<span class=\"_ _65\"> </span>derivados se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _3\"></span> este tipo de instrumentos financieros<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>a partir de datos facilitados por agencias<span class=\"_ _3\"></span> de informaci\u00f3n o dat<span class=\"_ _3\"></span>os de organismos oficiales<span class=\"_ _3\"></span>, d<span class=\"_ _3\"></span>el siguiente mod<span class=\"_ _3\"></span>o: \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>permutas de <span class=\"_ _d\"></span>tipo de <span class=\"_ _d\"></span>inter\u00e9s se determina <span class=\"_ _d\"></span>actualizan<span class=\"_ _3\"></span>do las <span class=\"_ _d\"></span>liquid<span class=\"_ _3\"></span>aciones <span class=\"_ _2\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _2\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _2\"></span>de tipos swap a largo plazo<span class=\"_ _3\"></span>. Se utiliza la volatilidad impl\u00edcita p<span class=\"_ _3\"></span>ara el c\u00e1lculo d<span class=\"_ _3\"></span>e los valores razon<span class=\"_ _3\"></span>ables.<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">En <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>cas<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>contratos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>tipo  de <span class=\"_ _10\"> </span>cambio  a<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>futuro, <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>u <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>determina  utilizando <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> </span></span>cotizaciones <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _10\"> </span>contado <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cambio <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>las <span class=\"_ _10\"></span>curvas <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>inter\u00e9s <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _3\"></span>mo el empleo de la v<span class=\"_ _3\"></span>olatilidad impl\u00edcita<span class=\"_ _3\"></span> hasta<span class=\"_ _3\"></span> el vencimiento en el caso <span class=\"_ _3\"></span>de opciones. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fc0_1\">El <span class=\"_ _13\"> </span>valor <span class=\"_ _13\"> </span>razonable <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>contratos  de <span class=\"_ _10\"> </span>compraventa  de <span class=\"_ _10\"> </span>ele<span class=\"_ _3\"></span>mentos <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>financieros <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _3\"></span>NIIF <span class=\"_ _3\"></span>9 (precio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la celulos<span class=\"_ _3\"></span>a y <span class=\"_ _3\"></span>precio de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>energ\u00eda prin<span class=\"_ _3\"></span>cipalmente) se <span class=\"_ _3\"></span>calcula <span class=\"_ _3\"></span>a par<span class=\"_ _3\"></span>tir de <span class=\"_ _3\"></span>la mejor <span class=\"_ _3\"></span>estima<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>curvas <span class=\"_ _3\"></span>futuras<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>recios <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>elementos <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>cieros, <span class=\"_ _3\"></span>existen<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _3\"></span> a plazo.  Los valores <span class=\"_ _2\"></span>razonables se <span class=\"_ _d\"></span>aj<span class=\"_ _3\"></span>ustan por <span class=\"_ _d\"></span>el impacto e<span class=\"_ _2\"></span>sperado del <span class=\"_ _d\"></span>riesgo de cr\u00e9dito <span class=\"_ _2\"></span>observable de <span class=\"_ _d\"></span>la contraparte en <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>escenarios <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>valoraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>positivos, <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>impacto <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>riesgo <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>cr\u00e9dito <span class=\"_ _13\"> </span>propio <span class=\"_ _13\"> </span>observable <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>los escenarios de valo<span class=\"_ _3\"></span>raci\u00f3n negativos.<span class=\"_ _3\"></span> Los <span class=\"_ _f\"></span>valores <span class=\"_ _f\"></span>obtenidos <span class=\"_ _f\"></span>utilizando <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tas <span class=\"_ _f\"></span>t\u00e9cnicas <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>on <span class=\"_ _f\"></span>contrastados <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>financieras <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que ENCE tiene contrata<span class=\"_ _3\"></span>dos estos instrumentos fin<span class=\"_ _3\"></span>ancieros.<span class=\"_ _3\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _3\"></span>encuadradas <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>nivel 2 de <span class=\"_ _3\"></span>la jerarq<span class=\"_ _3\"></span>u\u00eda de <span class=\"_ _3\"></span>valores <span class=\"_ _3\"></span>razonables <span class=\"_ _3\"></span>establecida p<span class=\"_ _3\"></span>or la NIIF <span class=\"_ _3\"></span>13, po<span class=\"_ _3\"></span>r estar los inputs basad<span class=\"_ _3\"></span>os en precios cotizados par<span class=\"_ _3\"></span>a instru<span class=\"_ _3\"></span>mentos similares en mercados activos<span class=\"_ _3\"></span> (no incluidos en el nivel <span class=\"_ _d\"></span>1), precios <span class=\"_ _d\"></span>cotizados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>para <span class=\"_ _2\"></span>instrumentos id\u00e9nticos <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>similares <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>mercados <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>so<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>activos<span class=\"_ _3\"></span>, <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>t\u00e9cnicas basadas <span class=\"_ _13\"> </span>en <span class=\"_ _10\"></span>modelos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>valora<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"> </span>para <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>cuales <span class=\"_ _10\"> </span>todos <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>inputs <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ignificativos  son <span class=\"_ _10\"></span>observables <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>el mercado o <span class=\"_ _3\"></span>pueden s<span class=\"_ _3\"></span>er corrob<span class=\"_ _3\"></span>orados <span class=\"_ _3\"></span>por datos <span class=\"_ _3\"></span>observables d<span class=\"_ _3\"></span>e mercado. E<span class=\"_ _3\"></span>n dicha <span class=\"_ _3\"></span>clasificaci\u00f3n <span class=\"_ _3\"></span>se h<span class=\"_ _3\"></span>a tenido en <span class=\"_ _3\"></span>consideraci\u00f3n <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>riesgo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>utilizan <span class=\"_ _3\"></span>inputs <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nivel <span class=\"_ _3\"></span>3, como <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>estimaciones de <span class=\"_ _10\"> </span>cr\u00e9dito <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>funci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ra<span class=\"_ _3\"></span>ting <span class=\"_ _10\"> </span>crediticio <span class=\"_ _13\"> </span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>empresa<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>comparables <span class=\"_ _13\"> </span>para <span class=\"_ _10\"> </span>evaluar <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>robabilidad <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> quiebra <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>sociedad <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>contraparte, <span class=\"_ _f\"></span>si <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>ien, <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>ajustes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>significativos. <span class=\"_ _f\"></span>Por <span class=\"_ _3\"></span>otra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>parte, <span class=\"_ _3\"></span>las contraprestacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tingentes <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>valores <span class=\"_ _17\"> </span>razonables <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>los <span class=\"_ _1a\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _15\"> </span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _15\"> </span>incorp<span class=\"_ _3\"></span>orados <span class=\"_ _17\"> </span>en combinaciones de negocios<span class=\"_ _3\"></span> quedan encuad<span class=\"_ _3\"></span>radas en el niv<span class=\"_ _3\"></span>el 3 de la jerarqu\u00eda (v\u00e9a<span class=\"_ _3\"></span>nse Nota<span class=\"_ _3\"></span>s 4 y 6<span class=\"ls18\">).<span class=\"_ _65\"> </span></span><span class=\"ls18\"><span class=\"_ _3\"></span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "3.10<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Existencias </span></span>Las existen<span class=\"_ _3\"></span>cias de materias <span class=\"_ _3\"></span>primas se <span class=\"_ _3\"></span>valoran al <span class=\"_ _3\"></span>coste de adquis<span class=\"_ _3\"></span>ici\u00f3n, que in<span class=\"_ _3\"></span>cluye el importe con<span class=\"_ _3\"></span>signado <span class=\"_ _3\"></span>en factura <span class=\"_ _0\"></span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>tod<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>costes <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>incurre <span class=\"_ _0\"></span>hasta <span class=\"_ _10\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>ENCE. <span class=\"_ _10\"></span>Las existencias <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>roductos <span class=\"_ _0\"></span>terminados <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>curso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>fabricaci\u00f3n <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>valoran <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>producci\u00f3n <span class=\"_ _10\"></span>que <span class=\"_ _f\"></span>se determina  incorp<span class=\"_ _3\"></span>orando <span class=\"_ _16\"> </span>el  coste <span class=\"_ _16\"> </span>de  los <span class=\"_ _16\"> </span>materiales,  ma<span class=\"_ _3\"></span>no  d<span class=\"_ _3\"></span>e  obra, <span class=\"_ _16\"> </span>y  gastos <span class=\"_ _16\"> </span>directos <span class=\"_ _16\"> </span>y  generales <span class=\"_ _16\"> </span>de fabricaci\u00f3n.  En la asigna<span class=\"_ _3\"></span>ci\u00f3n de valor a sus inventarios<span class=\"_ _3\"></span> el Grupo utiliza el m\u00e9todo d<span class=\"_ _3\"></span>el coste medio pon<span class=\"_ _3\"></span>derado. <span class=\"_ _3\"></span> El Grupo realiza deterioros de sus existencias, con cargo a <span class=\"_ _2\"></span>resultados de explotaci\u00f3n, para <span class=\"_ _2\"></span>ajustar su valor al valor <span class=\"_ _10\"> </span>estimado<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>real<span class=\"_ _3\"></span>izaci\u00f3n, <span class=\"_ _13\"> </span>cuando <span class=\"_ _10\"> </span>\u00e9ste <span class=\"_ _10\"> </span>es <span class=\"_ _13\"> </span>inferior <span class=\"_ _10\"></span>al <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>alor <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>cos<span class=\"_ _3\"></span>te. <span class=\"_ _10\"> </span>Cuando <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>circunsta<span class=\"_ _3\"></span>ncias <span class=\"_ _10\"> </span>que previamente causaron la<span class=\"_ _3\"></span> correcci\u00f3n de va<span class=\"_ _3\"></span>lor dejan de existir s<span class=\"_ _3\"></span>e procede a revertir dichos d<span class=\"_ _3\"></span>eterioros.<span class=\"_ _3\"></span> Derechos de em<span class=\"_ _3\"></span>isi\u00f3n de gases de efecto in<span class=\"_ _3\"></span>vernadero para uso propio<span class=\"_ _3\"></span>- Los <span class=\"_ _0\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>emisi\u00f3n <span class=\"_ _10\"></span>adquiridos, <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>cuyo <span class=\"_ _f\"></span>des<span class=\"_ _3\"></span>tino <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fundamentalmente <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>utilizaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>procesos productivos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>existen<span class=\"_ _3\"></span>cias <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>valoran<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquis<span class=\"_ _3\"></span>ici\u00f3n, <span class=\"_ _f\"></span>calculado mediante <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _3\"></span>del p<span class=\"_ _3\"></span>recio <span class=\"_ _3\"></span>medio p<span class=\"_ _3\"></span>onderado, <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>bien, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>su v<span class=\"_ _3\"></span>alor <span class=\"_ _3\"></span>estimado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>realizaci\u00f3n, <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>\u00faltimo es inferior.  Los <span class=\"_ _10\"> </span>derechos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>emisi\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>recibidos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>t\u00edt<span class=\"_ _3\"></span>ulo <span class=\"_ _10\"> </span>gratuito,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>conforme <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>r\u00e9gimen <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>co<span class=\"_ _3\"></span>mercio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"> </span>de emisi\u00f3n, <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cen <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>venal,<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>registr\u00e1ndose <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>contrapartida <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>mismo <span class=\"_ _10\"></span>importe, <span class=\"_ _0\"></span>una subvenci\u00f3n de capital. Dicha subvenci\u00f3n se imputa a res<span class=\"_ _3\"></span>ultados a medida que se consumen los derechos de emisi\u00f3n recibidos.<span class=\"_ _3\"></span> Por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>umo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>derechos <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>ealizado <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>registra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>gasto <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>l\u00ed<span class=\"_ _2\"></span>nea <span class=\"_ _3\"></span>\u201cOtros<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Gastos de <span class=\"_ _3\"></span>explotaci\u00f3n\u201d <span class=\"_ _f\"></span>del E<span class=\"_ _3\"></span>stado <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>solidado, <span class=\"_ _f\"></span>reco<span class=\"_ _2\"></span>nociendo <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>provis<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>cuyo <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>calcula<span class=\"_ _3\"></span> en <span class=\"_ _f\"></span>funci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>derechos <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>onsumidos<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>valorados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>coste <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>el valor <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>libros <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>aq<span class=\"_ _3\"></span>uellos <span class=\"_ _d\"></span>derechos <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>pos<span class=\"_ _3\"></span>ean <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>cierre <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>periodo, <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>valor <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>compra <span class=\"_ _2\"></span>establecido en los contratos de compra a plazo d<span class=\"_ _3\"></span>isponibles, y con el valor de mercado al cierre d<span class=\"_ _3\"></span>el periodo p<span class=\"_ _3\"></span>ara el resto de derechos. Cuando <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>derechos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>emisi\u00f3n <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>sumidos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>entregan <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>autoridades, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>dan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>baja <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"_ _2\"></span>derechos como la provi<span class=\"_ _2\"></span>si\u00f3n constituida asociada al consumo de dicho<span class=\"_ _3\"></span>s derechos<span class=\"_ _3\"></span>. Certificados de <span class=\"_ _3\"></span>garant\u00eda de origen <span class=\"_ _3\"></span>renovable- Los <span class=\"_ _16\"> </span>certificados  de <span class=\"_ _16\"> </span>garant\u00eda<span class=\"_ _3\"></span>  de <span class=\"_ _16\"> </span>origen <span class=\"_ _16\"> </span>renovable  g<span class=\"_ _3\"></span>enerados <span class=\"_ _16\"> </span>en  la <span class=\"_ _16\"> </span>producci\u00f3n <span class=\"_ _16\"> </span>de  energ\u00eda <span class=\"_ _16\"> </span>a  p<span class=\"_ _3\"></span>artir  de instalaciones p<span class=\"_ _3\"></span>ropias que hacen uso de recursos <span class=\"_ _3\"></span>renovables s<span class=\"_ _3\"></span>e <span class=\"ff6\">registran el cap\u00edtulo \u201cExistencias\u201d del Es<span class=\"_ _3\"></span>tado </span>de <span class=\"_ _3\"></span>Situaci\u00f3n <span class=\"_ _f\"></span>Financiera <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>valoran <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>certificaci\u00f3n<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>Posteriormente,<span class=\"_ _3\"></span> se valoran al menor <span class=\"_ _3\"></span>entre su coste y s<span class=\"_ _3\"></span>u valor neto de realizaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "Derechos de em<span class=\"_ _3\"></span>isi\u00f3n de gases de efecto in<span class=\"_ _3\"></span>vernadero para uso propio<span class=\"_ _3\"></span>- Los <span class=\"_ _0\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>emisi\u00f3n <span class=\"_ _10\"></span>adquiridos, <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>cuyo <span class=\"_ _f\"></span>des<span class=\"_ _3\"></span>tino <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fundamentalmente <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>utilizaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>procesos productivos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>existen<span class=\"_ _3\"></span>cias <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>valoran<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquis<span class=\"_ _3\"></span>ici\u00f3n, <span class=\"_ _f\"></span>calculado mediante <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>m\u00e9todo <span class=\"_ _3\"></span>del p<span class=\"_ _3\"></span>recio <span class=\"_ _3\"></span>medio p<span class=\"_ _3\"></span>onderado, <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>bien, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>su v<span class=\"_ _3\"></span>alor <span class=\"_ _3\"></span>estimado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>realizaci\u00f3n, <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>\u00faltimo es inferior.  Los <span class=\"_ _10\"> </span>derechos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>emisi\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>recibidos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>t\u00edt<span class=\"_ _3\"></span>ulo <span class=\"_ _10\"> </span>gratuito,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>conforme <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>r\u00e9gimen <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>co<span class=\"_ _3\"></span>mercio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"> </span>de emisi\u00f3n, <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cen <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>venal,<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>registr\u00e1ndose <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>contrapartida <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span>mismo <span class=\"_ _10\"></span>importe, <span class=\"_ _0\"></span>una subvenci\u00f3n de capital. Dicha subvenci\u00f3n se imputa a res<span class=\"_ _3\"></span>ultados a medida que se consumen los derechos de emisi\u00f3n recibidos.<span class=\"_ _3\"></span> Por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>umo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>derechos <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>ealizado <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>registra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>gasto <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>l\u00ed<span class=\"_ _2\"></span>nea <span class=\"_ _3\"></span>\u201cOtros<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Gastos de <span class=\"_ _3\"></span>explotaci\u00f3n\u201d <span class=\"_ _f\"></span>del E<span class=\"_ _3\"></span>stado <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>solidado, <span class=\"_ _f\"></span>reco<span class=\"_ _2\"></span>nociendo <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>provis<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>cuyo <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>calcula<span class=\"_ _3\"></span> en <span class=\"_ _f\"></span>funci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>derechos <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>onsumidos<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>valorados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>coste <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>adquisici\u00f3n <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>el valor <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>libros <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>aq<span class=\"_ _3\"></span>uellos <span class=\"_ _d\"></span>derechos <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>pos<span class=\"_ _3\"></span>ean <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>cierre <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>periodo, <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>valor <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>compra <span class=\"_ _2\"></span>establecido en los contratos de compra a plazo d<span class=\"_ _3\"></span>isponibles, y con el valor de mercado al cierre d<span class=\"_ _3\"></span>el periodo p<span class=\"_ _3\"></span>ara el resto de derechos. Cuando <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>derechos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>emisi\u00f3n <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>sumidos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>entregan <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>autoridades, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>dan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>baja <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"_ _2\"></span>derechos como la provi<span class=\"_ _2\"></span>si\u00f3n constituida asociada al consumo de dicho<span class=\"_ _3\"></span>s derechos<span class=\"_ _3\"></span>. Certificados de <span class=\"_ _3\"></span>garant\u00eda de origen <span class=\"_ _3\"></span>renovable- Los <span class=\"_ _16\"> </span>certificados  de <span class=\"_ _16\"> </span>garant\u00eda<span class=\"_ _3\"></span>  de <span class=\"_ _16\"> </span>origen <span class=\"_ _16\"> </span>renovable  g<span class=\"_ _3\"></span>enerados <span class=\"_ _16\"> </span>en  la <span class=\"_ _16\"> </span>producci\u00f3n <span class=\"_ _16\"> </span>de  energ\u00eda <span class=\"_ _16\"> </span>a  p<span class=\"_ _3\"></span>artir  de instalaciones p<span class=\"_ _3\"></span>ropias que hacen uso de recursos <span class=\"_ _3\"></span>renovables s<span class=\"_ _3\"></span>e <span class=\"ff6\">registran el cap\u00edtulo \u201cExistencias\u201d del Es<span class=\"_ _3\"></span>tado </span>de <span class=\"_ _3\"></span>Situaci\u00f3n <span class=\"_ _f\"></span>Financiera <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>valoran <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>certificaci\u00f3n<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>Posteriormente,<span class=\"_ _3\"></span> se valoran al menor <span class=\"_ _3\"></span>entre su coste y s<span class=\"_ _3\"></span>u valor neto de realizaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "3.11<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Subvenciones </span></span>Las subvencion<span class=\"_ _3\"></span>es de capital no reintegrables, asociadas a inversiones en activ<span class=\"_ _3\"></span>os productivos, se valoran por el <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>concedido, <span class=\"_ _3\"></span>neto <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>incurridos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>obtenci\u00f3n, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconocen cuando se <span class=\"_ _d\"></span>han<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cumplido <span class=\"_ _2\"></span>los requisitos <span class=\"_ _2\"></span>asociados<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>concesi\u00f3n. <span class=\"_ _2\"></span>Estas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>su<span class=\"_ _3\"></span>bvenciones <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>imputan a <span class=\"_ _2\"></span>resultados<span class=\"_ _65\"> </span>en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201c<span class=\"ff3\">Otros ingresos de explotaci\u00f3n<span class=\"_ _3\"></span></span>\u201d en proporci\u00f3n a la dotaci\u00f3n a <span class=\"_ _2\"></span>la amortizaci\u00f3n efectuada en el per\u00edodo para los<span class=\"_ _3\"></span> elementos sub<span class=\"_ _3\"></span>vencionados o<span class=\"_ _3\"></span>, en su cas<span class=\"_ _3\"></span>o, cuando se prod<span class=\"_ _3\"></span>uzca su enajenaci\u00f3<span class=\"_ _3\"></span>n o correcci\u00f3n valorativa p<span class=\"_ _3\"></span>or deterioro.<span class=\"_ _65\"> </span> Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>subv<span class=\"_ _3\"></span>enciones <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>mputan <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cOtros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ingreso<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>de explotaci\u00f3n\u201d <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>en q<span class=\"_ _3\"></span>ue se <span class=\"_ _3\"></span>conceden, <span class=\"_ _3\"></span>excepto <span class=\"_ _3\"></span>si s<span class=\"_ _3\"></span>e conceden <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>financiar <span class=\"_ _3\"></span>gastos <span class=\"_ _3\"></span>espec\u00edficos, en cuyo caso la<span class=\"_ _3\"></span> imputaci\u00f3n se realizar\u00e1 a medid<span class=\"_ _3\"></span>a que s<span class=\"_ _3\"></span>e devenguen los gasto<span class=\"_ _3\"></span>s subvencionados.<span class=\"_ _3\"></span> Los <span class=\"_ _16\"> </span>pr\u00e9stamos <span class=\"_ _16\"> </span>subvencion<span class=\"_ _3\"></span>ados <span class=\"_ _16\"> </span>sin <span class=\"_ _16\"> </span>inter\u00e9s <span class=\"_ _16\"> </span>o <span class=\"_ _16\"> </span>a  un <span class=\"_ _16\"> </span>tipo <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>inter\u00e9s <span class=\"_ _16\"> </span>inferior  al <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>me<span class=\"_ _3\"></span>rcado, <span class=\"_ _16\"> </span>otorgados principalmente <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>financiar <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>royectos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>I+D+i <span class=\"_ _f\"></span>e <span class=\"_ _f\"></span>inversiones <span class=\"_ _f\"></span>pro<span class=\"_ _3\"></span>ductivas, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>inicialmente <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>su valor razonable en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe \u201cOtros <span class=\"_ _2\"></span>pasivos financieros\u201d<span class=\"_ _3\"></span> de<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>Estado<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>Situaci\u00f3n Financiera consolidado. La diferencia <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>importe<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>recibido <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>pr\u00e9sta<span class=\"_ _3\"></span>mo <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>gistra <span class=\"_ _10\"></span>inicialmente <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el ep\u00edgrafe <span class=\"_ _f\"></span>\u201cSub<span class=\"_ _3\"></span>venciones\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Esta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3n <span class=\"_ _0\"></span>Finan<span class=\"_ _3\"></span>ciera <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>olidado, <span class=\"_ _0\"></span>imput\u00e1ndose <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>result<span class=\"_ _f\"></span><span class=\"ff3\">ados <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el </span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201c<span class=\"_ _3\"></span>Subvenciones <span class=\"_ _10\"></span>transferidas <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>resultado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>ejerci<span class=\"_ _3\"></span>cio\u201d <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>medida <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciados <span class=\"_ _10\"></span>con dicho pr\u00e9stamo s<span class=\"_ _3\"></span>e amortizan. <span class=\"_ _3\"></span> Certificados de ah<span class=\"_ _3\"></span>orro energ\u00e9tico El <span class=\"_ _3\"></span>Negocio <span class=\"_ _3\"></span>Celulos<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>gener<span class=\"_ _3\"></span>ado <span class=\"_ _3\"></span>importan<span class=\"_ _3\"></span>tes <span class=\"_ _f\"></span>ahorros <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ultado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>haber <span class=\"_ _3\"></span>llevado <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cab<span class=\"_ _3\"></span>o actuaciones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>eficiencia <span class=\"_ _3\"></span>ene<span class=\"_ _3\"></span>rg\u00e9tica <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>cedido <span class=\"_ _f\"></span>dichos <span class=\"_ _3\"></span>derechos <span class=\"_ _f\"></span>a u<span class=\"_ _3\"></span>na <span class=\"_ _3\"></span>comercializadora<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>espa\u00f1ola <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la obtenci\u00f3n de Certificados de Ahorro Energ\u00e9tico (CAE)<span class=\"_ _3\"></span>, en bas<span class=\"_ _3\"></span>e a lo <span class=\"_ _2\"></span>establecido en el Real Decreto 36/2023, de <span class=\"_ _13\"> </span>24 <span class=\"_ _13\"> </span>de  e<span class=\"_ _2\"></span>nero,  por <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece  el <span class=\"_ _13\"> </span>sistema  de <span class=\"_ _13\"> </span>Certificados  de <span class=\"_ _13\"> </span>Ahorro <span class=\"_ _13\"> </span>Energ\u00e9tico <span class=\"_ _13\"> </span>y  la <span class=\"_ _13\"> </span>Orden TED/815/2023, de 18 d<span class=\"_ _3\"></span>e julio, qu<span class=\"_ _3\"></span>e lo desarrolla.  Siguiendo <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>nor<span class=\"_ _3\"></span>ma <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>egistro <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>su<span class=\"_ _3\"></span>bvenciones, <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>Grupo<span class=\"_ _3\"></span> reconoce <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>ichas <span class=\"_ _2\"></span>transmision<span class=\"_ _3\"></span>es una <span class=\"_ _f\"></span>subvenci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>capital <span class=\"_ _f\"></span><span class=\"ff6\">en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201csubvenciones\u201d <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span></span>pasivo <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>corriente <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Situaci\u00f3<span class=\"_ _3\"></span>n Financiera <span class=\"_ _2\"></span>Consolidado por <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>importe <span class=\"_ _2\"></span>recibido <span class=\"_ _d\"></span>equ<span class=\"_ _3\"></span>ivalente <span class=\"_ _d\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>invers<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _d\"></span>realizad<span class=\"_ _3\"></span>a <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>activos <span class=\"_ _d\"></span>productiv<span class=\"_ _3\"></span>os y <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>ingreso<span class=\"_ _3\"></span> <span class=\"_ _0\"></span><span class=\"ff6\">en <span class=\"_ _10\"> </span>el <span class=\"_ _0\"></span>ep\u00edgra<span class=\"_ _3\"></span>fe <span class=\"_ _0\"></span>\u201c<span class=\"_ _3\"></span>Otros <span class=\"_ _10\"></span>ingresos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>explotaci\u00f3n\u201d <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Estado<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>solidado<span class=\"_ _f\"></span></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>el exceso del importe recibido s<span class=\"_ _3\"></span>obre el coste d<span class=\"_ _3\"></span>e las actuaciones realizad<span class=\"_ _3\"></span>as.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "3.13<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Provisiones y contingen<span class=\"_ _2\"></span>cias<span class=\"_ _65\"> </span></span></span><span class=\"ff5\"><span class=\"ff2 fc2\"> </span></span>ENCE recoge provisiones para hacer <span class=\"_ _2\"></span>frente a obligaciones presentes, ya <span class=\"_ _2\"></span>sean legales o impl\u00edcitas, que tienen<span class=\"_ _2\"></span> su orige<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>sucesos ya <span class=\"_ _2\"></span>acaecidos<span class=\"_ _3\"></span>, <span class=\"_ _2\"></span>siempre <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>sea <span class=\"_ _2\"></span>probabl<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>vaya a <span class=\"_ _d\"></span>ser necesaria <span class=\"_ _2\"></span>una salida <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>recursos para liquidarlas<span class=\"_ _3\"></span>, y que su importe se p<span class=\"_ _3\"></span>ueda estimar ra<span class=\"_ _3\"></span>zonablemente. <span class=\"_ _3\"></span> Su <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>otaci\u00f3n <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>efect\u00faa <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>nacimie<span class=\"_ _2\"></span>nto <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la re<span class=\"_ _2\"></span>spons<span class=\"_ _3\"></span>abilidad <span class=\"_ _d\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la obligaci\u00f3n, <span class=\"_ _d\"></span>con <span class=\"_ _2\"></span>cargo <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Estado de <span class=\"_ _3\"></span>Resultado <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>olidado <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>corr<span class=\"_ _3\"></span>esponda <span class=\"_ _3\"></span>seg\u00fan <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>nat<span class=\"_ _3\"></span>uraleza <span class=\"_ _3\"></span>de la<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obligaci\u00f3n, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>pres<span class=\"_ _3\"></span>ente d<span class=\"_ _3\"></span>e la <span class=\"_ _17\"> </span>misma <span class=\"_ _15\"> </span>cu<span class=\"_ _3\"></span>ando <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>efecto <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>esta<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>act<span class=\"_ _3\"></span>ualizaci\u00f3n <span class=\"_ _17\"> </span>resulte <span class=\"_ _17\"> </span>s<span class=\"_ _3\"></span>ignificativo. <span class=\"_ _17\"> </span>La <span class=\"_ _17\"> </span>variaci\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>provisi\u00f3n correspondiente a la <span class=\"_ _d\"></span>act<span class=\"_ _3\"></span>ualizaci\u00f3n financiera <span class=\"_ _2\"></span>de cada <span class=\"_ _2\"></span>ejercicio se <span class=\"_ _2\"></span>registra en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe \u201cGastos financieros\u201d del Estado d<span class=\"_ _3\"></span>e Resultado consolidado<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>Las <span class=\"_ _10\"></span>provisiones, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>cuantifican <span class=\"_ _0\"></span>teniend<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>consideraci\u00f3n <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>mejor <span class=\"_ _0\"></span>informa<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"></span>disponible <span class=\"_ _0\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _0\"></span>las consecuencias <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>suceso <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>traen <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>causa, <span class=\"_ _0\"></span>son <span class=\"_ _f\"></span>reestimadas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>ocasi\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _f\"></span>cierre <span class=\"_ _0\"></span>contable (v\u00e9ase Nota 4). Se u<span class=\"_ _3\"></span>tiliza una tas<span class=\"_ _3\"></span>a libre de riesgo para actu<span class=\"_ _3\"></span>alizar las provisiones finan<span class=\"_ _3\"></span>cieramente.<span class=\"_ _3\"></span> Los pa<span class=\"_ _2\"></span>sivos contingentes <span class=\"_ _2\"></span>constituyen <span class=\"_ _2\"></span>obligaciones po<span class=\"_ _2\"></span>sibles c<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>terceras <span class=\"_ _2\"></span>partes y<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>obligaciones existentes <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue no son recono<span class=\"_ _3\"></span>cidas bien porq<span class=\"_ _3\"></span>ue no es probab<span class=\"_ _3\"></span>le que se p<span class=\"_ _3\"></span>roduzca u<span class=\"_ _3\"></span>na salida <span class=\"_ _3\"></span>de flujos econ\u00f3<span class=\"_ _3\"></span>micos requerida para <span class=\"_ _f\"></span>can<span class=\"_ _3\"></span>celar <span class=\"_ _f\"></span>dicha <span class=\"_ _0\"></span>obligaci\u00f3n, <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>bien <span class=\"_ _0\"></span>porq<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>salida <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>flujos <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>puede <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>estimado <span class=\"_ _0\"></span>de forma fiable. Los <span class=\"_ _f\"></span>pasivos <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tingentes <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>nuales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>consolidadas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>sob<span class=\"_ _3\"></span>re los mismos en la memoria, <span class=\"_ _3\"></span>en la medida en qu<span class=\"_ _3\"></span>e no sean cons<span class=\"_ _3\"></span>iderados como remotos.<span class=\"_ _65\"> </span>Indemnizac<span class=\"_ _3\"></span>iones por cese<span class=\"_ _65\"> </span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _f\"></span>reglament<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _0\"></span>laboral <span class=\"_ _10\"></span>vigente, <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>obligad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>al <span class=\"_ _10\"></span>pago <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>indemnizaciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los empleados con los q<span class=\"_ _3\"></span>ue, bajo determinadas con<span class=\"_ _3\"></span>diciones, rescinda <span class=\"_ _3\"></span>sus relaciones laborales. <span class=\"_ _f\"></span> Las <span class=\"_ _f\"></span>indemnizaciones <span class=\"_ _f\"></span>relac<span class=\"_ _3\"></span>ionadas <span class=\"_ _0\"></span>con <span class=\"_ _f\"></span>procesos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>reestru<span class=\"_ _3\"></span>cturaci\u00f3n <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconoc<span class=\"_ _3\"></span>en <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>que<span class=\"_ _3\"></span> existe un plan formal detallado en relaci\u00f3n con <span class=\"_ _2\"></span>los mencionado<span class=\"_ _3\"></span>s procesos en el que <span class=\"_ _2\"></span>se identifican, al menos las <span class=\"_ _f\"></span>activ<span class=\"_ _3\"></span>idades <span class=\"_ _f\"></span>empresariales,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>mismas, <span class=\"_ _f\"></span>im<span class=\"_ _3\"></span>plicadas, <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>prin<span class=\"_ _3\"></span>cipales <span class=\"_ _f\"></span>ubicaciones <span class=\"_ _0\"></span>afectadas, funci\u00f3n y <span class=\"_ _2\"></span>n\u00famero aproximado de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> em<span class=\"_ _2\"></span>plead<span class=\"_ _3\"></span>os que <span class=\"_ _2\"></span>ser\u00e1n indemnizados tras <span class=\"_ _2\"></span>prescindir de <span class=\"_ _2\"></span>sus servicios, los desembolsos que se <span class=\"_ _2\"></span>llevar\u00e1n a <span class=\"_ _2\"></span>cabo, y las <span class=\"_ _2\"></span>fechas e<span class=\"_ _2\"></span>n las <span class=\"_ _2\"></span>que el <span class=\"_ _2\"></span>plan ser\u00e1 implementado y <span class=\"_ _2\"></span>se<span class=\"_ _3\"></span> ha <span class=\"_ _2\"></span>generado una expectativa <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>\u00e1lida <span class=\"_ _f\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>personal <span class=\"_ _f\"></span>afectado<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>reestructuraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>va <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>llevar <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cabo,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ya <span class=\"_ _f\"></span>sea <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or haber comenzado a ejecuta<span class=\"_ _3\"></span>r el plan o p<span class=\"_ _3\"></span>or haber anunciado su<span class=\"_ _3\"></span>s principales caracter\u00edsticas<span class=\"_ _f\"></span>. En <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>sentido, <span class=\"_ _f\"></span>durante <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>ha <span class=\"_ _3\"></span>iniciado <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>proceso<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>reestructuraci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>plantilla con <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>objetivo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adecuar <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>tructura <span class=\"_ _10\"></span>organizativa <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>evoluci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>m<span class=\"_ _2\"></span>ejorar <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>eficiencia operativa. <span class=\"_ _f\"></span>El <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>total <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>timados <span class=\"_ _f\"></span>reconocid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2025 <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>ciende <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>2<span class=\"ff6\">3.998 <span class=\"_ _f\"></span>miles <span class=\"_ _3\"></span>\u20ac</span> <span class=\"_ _f\"></span>(v\u00e9anse notas 11 y 31)<span class=\"_ _65\"> </span>Procedimientos ju<span class=\"_ _3\"></span>diciales y/o reclamacione<span class=\"_ _3\"></span>s en curso Al  cie<span class=\"_ _2\"></span>rre  de  los <span class=\"_ _13\"> </span>ejercicios  2025  y  2024 <span class=\"_ _13\"> </span>se  encontraban  en  curso <span class=\"_ _13\"> </span>distintos<span class=\"_ _3\"></span>  procedimie<span class=\"_ _2\"></span>ntos  judiciales  y reclamaciones <span class=\"_ _19\"> </span>entab<span class=\"_ _3\"></span>lados <span class=\"_ _19\"> </span>contra <span class=\"_ _19\"> </span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _19\"> </span>con <span class=\"_ _19\"> </span>origen <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el <span class=\"_ _19\"> </span>desarro<span class=\"_ _3\"></span>llo <span class=\"_ _19\"> </span>habitual <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>sus <span class=\"_ _16\"> </span>act<span class=\"_ _3\"></span>ividades. <span class=\"_ _19\"> </span>Los Administradores,  considerando  la <span class=\"_ _13\"> </span>opini\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>asesores<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>legales, <span class=\"_ _13\"> </span>estiman  que <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>conclusi\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _16\"> </span>estos procedimientos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>reclamaciones <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>producir\u00e1 <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>efecto <span class=\"_ _f\"></span>significativo <span class=\"_ _f\"></span>adicional <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ya <span class=\"_ _f\"></span>recogidos <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>estos estados finan<span class=\"_ _3\"></span>cieros.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "3.13<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Provisiones y contingen<span class=\"_ _2\"></span>cias<span class=\"_ _65\"> </span></span></span>Los pa<span class=\"_ _2\"></span>sivos contingentes <span class=\"_ _2\"></span>constituyen <span class=\"_ _2\"></span>obligaciones po<span class=\"_ _2\"></span>sibles c<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>terceras <span class=\"_ _2\"></span>partes y<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>obligaciones existentes <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue no son recono<span class=\"_ _3\"></span>cidas bien porq<span class=\"_ _3\"></span>ue no es probab<span class=\"_ _3\"></span>le que se p<span class=\"_ _3\"></span>roduzca u<span class=\"_ _3\"></span>na salida <span class=\"_ _3\"></span>de flujos econ\u00f3<span class=\"_ _3\"></span>micos requerida para <span class=\"_ _f\"></span>can<span class=\"_ _3\"></span>celar <span class=\"_ _f\"></span>dicha <span class=\"_ _0\"></span>obligaci\u00f3n, <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>bien <span class=\"_ _0\"></span>porq<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>salida <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>flujos <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>puede <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>estimado <span class=\"_ _0\"></span>de forma fiable. Los <span class=\"_ _f\"></span>pasivos <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tingentes <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>reconocen <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>nuales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>consolidadas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>sob<span class=\"_ _3\"></span>re los mismos en la memoria, <span class=\"_ _3\"></span>en la medida en qu<span class=\"_ _3\"></span>e no sean cons<span class=\"_ _3\"></span>iderados como remotos.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "Indemnizac<span class=\"_ _3\"></span>iones por cese<span class=\"_ _65\"> </span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _f\"></span>reglament<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _0\"></span>laboral <span class=\"_ _10\"></span>vigente, <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>obligad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>al <span class=\"_ _10\"></span>pago <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>indemnizaciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los empleados con los q<span class=\"_ _3\"></span>ue, bajo determinadas con<span class=\"_ _3\"></span>diciones, rescinda <span class=\"_ _3\"></span>sus relaciones laborales. <span class=\"_ _f\"></span> Las <span class=\"_ _f\"></span>indemnizaciones <span class=\"_ _f\"></span>relac<span class=\"_ _3\"></span>ionadas <span class=\"_ _0\"></span>con <span class=\"_ _f\"></span>procesos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>reestru<span class=\"_ _3\"></span>cturaci\u00f3n <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconoc<span class=\"_ _3\"></span>en <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>que<span class=\"_ _3\"></span> existe un plan formal detallado en relaci\u00f3n con <span class=\"_ _2\"></span>los mencionado<span class=\"_ _3\"></span>s procesos en el que <span class=\"_ _2\"></span>se identifican, al menos las <span class=\"_ _f\"></span>activ<span class=\"_ _3\"></span>idades <span class=\"_ _f\"></span>empresariales,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>mismas, <span class=\"_ _f\"></span>im<span class=\"_ _3\"></span>plicadas, <span class=\"_ _0\"></span>las <span class=\"_ _f\"></span>prin<span class=\"_ _3\"></span>cipales <span class=\"_ _f\"></span>ubicaciones <span class=\"_ _0\"></span>afectadas, funci\u00f3n y <span class=\"_ _2\"></span>n\u00famero aproximado de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> em<span class=\"_ _2\"></span>plead<span class=\"_ _3\"></span>os que <span class=\"_ _2\"></span>ser\u00e1n indemnizados tras <span class=\"_ _2\"></span>prescindir de <span class=\"_ _2\"></span>sus servicios, los desembolsos que se <span class=\"_ _2\"></span>llevar\u00e1n a <span class=\"_ _2\"></span>cabo, y las <span class=\"_ _2\"></span>fechas e<span class=\"_ _2\"></span>n las <span class=\"_ _2\"></span>que el <span class=\"_ _2\"></span>plan ser\u00e1 implementado y <span class=\"_ _2\"></span>se<span class=\"_ _3\"></span> ha <span class=\"_ _2\"></span>generado una expectativa <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>\u00e1lida <span class=\"_ _f\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>personal <span class=\"_ _f\"></span>afectado<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>reestructuraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>va <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>llevar <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cabo,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ya <span class=\"_ _f\"></span>sea <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or haber comenzado a ejecuta<span class=\"_ _3\"></span>r el plan o p<span class=\"_ _3\"></span>or haber anunciado su<span class=\"_ _3\"></span>s principales caracter\u00edsticas<span class=\"_ _f\"></span>. En <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>sentido, <span class=\"_ _f\"></span>durante <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>ha <span class=\"_ _3\"></span>iniciado <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>proceso<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>reestructuraci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>plantilla con <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>objetivo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adecuar <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>tructura <span class=\"_ _10\"></span>organizativa <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>evoluci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>m<span class=\"_ _2\"></span>ejorar <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>eficiencia operativa. <span class=\"_ _f\"></span>El <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>total <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>timados <span class=\"_ _f\"></span>reconocid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2025 <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>ciende <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>2<span class=\"ff6\">3.998 <span class=\"_ _f\"></span>miles <span class=\"_ _3\"></span>\u20ac</span> <span class=\"_ _f\"></span>(v\u00e9anse notas 11 y 31)<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "3.14<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Prestaciones Post empleo <span class=\"_ _2\"></span>y otros beneficios so<span class=\"_ _2\"></span>ciales </span></span>Las sociedades del <span class=\"_ _2\"></span>Grupo, en <span class=\"_ _2\"></span>su mayor parte, tienen <span class=\"_ _2\"></span>establecido un compromiso de <span class=\"_ _2\"></span>aporta<span class=\"_ _3\"></span>ci\u00f3n definida <span class=\"_ _2\"></span>con el <span class=\"_ _0\"></span>personal <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>ermanece <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>consistente <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _f\"></span>aporta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> Sociedad y del trab<span class=\"_ _3\"></span>ajador de u<span class=\"_ _3\"></span>n porcentaje preestab<span class=\"_ _3\"></span>lecido del sueldo p<span class=\"_ _3\"></span>ensionable al \u201cPla<span class=\"_ _3\"></span>n de pens<span class=\"_ _3\"></span>iones de Promoci\u00f3n <span class=\"_ _f\"></span>Conjun<span class=\"ff6\">ta\u201d <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>promov<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>amparo <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>art\u00edculo <span class=\"_ _f\"></span>40 <span class=\"_ _3\"></span>d) <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Reglamento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Planes <span class=\"_ _f\"></span>y </span>Fondos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Pension<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>(ap<span class=\"_ _3\"></span>ortaci\u00f3n <span class=\"_ _3\"></span>definida). <span class=\"_ _f\"></span>Este <span class=\"_ _f\"></span>plan <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>pensiones <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>encuentra <span class=\"_ _f\"></span>integrado <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>fondo <span class=\"_ _f\"></span>de Pensiones <span class=\"_ _0\"></span>SE<span class=\"_ _3\"></span>RVIRENTA <span class=\"_ _0\"></span>II <span class=\"_ _0\"></span>F.P.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>da <span class=\"_ _10\"></span>cobertura <span class=\"_ _0\"></span>tanto <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _f\"></span>prestaciones <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>ju<span class=\"_ _3\"></span>bilaci\u00f3n <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or invalidez y <span class=\"_ _2\"></span>fallecimiento de <span class=\"_ _2\"></span>los part\u00edcipes. <span class=\"_ _2\"></span>El Grupo <span class=\"_ _2\"></span>no tiene <span class=\"_ _d\"></span>compromisos de prestaci\u00f3n d<span class=\"_ _2\"></span>efinida rele<span class=\"_ _2\"></span>vantes.<span class=\"_ _f\"></span> Con car\u00e1cter <span class=\"_ _3\"></span>general, <span class=\"_ _3\"></span>y en <span class=\"_ _3\"></span>relaci\u00f3n <span class=\"_ _3\"></span>al componente <span class=\"_ _3\"></span>de aho<span class=\"_ _3\"></span>rro, el b<span class=\"_ _3\"></span>eneficiario apo<span class=\"_ _3\"></span>rta el 1%<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>su retribu<span class=\"_ _3\"></span>ci\u00f3n fija y <span class=\"_ _3\"></span>ENCE aporta<span class=\"_ _3\"></span> en torno<span class=\"_ _3\"></span> al 5% de <span class=\"_ _3\"></span>\u00e9sta. Por <span class=\"_ _3\"></span>su parte, <span class=\"_ _3\"></span>el componente <span class=\"_ _3\"></span>de riesgo, <span class=\"_ _3\"></span>que se materializa <span class=\"_ _3\"></span>en u<span class=\"_ _3\"></span>na p\u00f3liza <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>seguro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>vida <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>accidentes, <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>financia <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>50% <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>partes. <span class=\"_ _f\"></span>Las <span class=\"_ _f\"></span>contingencias <span class=\"_ _f\"></span>cubiertas <span class=\"_ _f\"></span>por dicha <span class=\"_ _3\"></span>p\u00f3liza <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>siguientes: <span class=\"_ _3\"></span>ju<span class=\"_ _3\"></span>bilaci\u00f3n, <span class=\"_ _3\"></span>invalidez <span class=\"_ _f\"></span>permanente to<span class=\"_ _3\"></span>tal, <span class=\"_ _3\"></span>incapacidad <span class=\"_ _f\"></span>permanente <span class=\"_ _3\"></span>absoluta, <span class=\"_ _3\"></span>y<span class=\"_ _65\"> </span>el <span class=\"_ _3\"></span>fallecimiento. <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>capital <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>egurado <span class=\"_ _3\"></span>equivale <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>35 <span class=\"_ _3\"></span>mensualidades <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _f\"></span>fija, o <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>oble <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>caso de que las contin<span class=\"_ _3\"></span>gencias sean derivadas<span class=\"_ _3\"></span> de accidente.<span class=\"_ _3\"></span> Para determinados directivos del <span class=\"_ _d\"></span>Grup<span class=\"_ _3\"></span>o, entre <span class=\"_ _2\"></span>los que <span class=\"_ _2\"></span>se incluye al <span class=\"_ _2\"></span>Presidente y <span class=\"_ _2\"></span>a la <span class=\"_ _2\"></span>alta direcci\u00f3n, <span class=\"_ _2\"></span>existe un sistema <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>previsi\u00f3n <span class=\"_ _0\"></span>social, <span class=\"_ _0\"></span>complementario <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>plan<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>pens<span class=\"_ _3\"></span>iones <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>empleo, <span class=\"_ _f\"></span>ins<span class=\"_ _3\"></span>trumentado <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>tra<span class=\"_ _3\"></span>v\u00e9s <span class=\"_ _f\"></span>de seguros colectivos<span class=\"_ _3\"></span>, destinado a cubrir tan<span class=\"_ _3\"></span>to la jubilaci\u00f3n como los riesgos<span class=\"_ _3\"></span> de invalidez y fallecimiento de los asegurados.  Las <span class=\"_ _f\"></span>contribuciones <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>planes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>prestaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>post <span class=\"_ _f\"></span>empleo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>aportaci\u00f3n <span class=\"_ _f\"></span>definida <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>registran<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>gasto en el ep\u00edgrafe \u201cGastos<span class=\"_ _3\"></span> de personal\u201d d<span class=\"_ _3\"></span>el Estado de Resultado cons<span class=\"_ _3\"></span>olidado de acuerdo a<span class=\"_ _3\"></span> su devengo. <span class=\"_ _3\"></span><span class=\"ff3\"> </span>Por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>arte, <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>colectiv<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>tiguos <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>bajadores <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>filial <span class=\"_ _0\"></span>Celulos<span class=\"_ _3\"></span>as <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Astu<span class=\"_ _3\"></span>rias, <span class=\"_ _0\"></span>S.A. <span class=\"_ _10\"></span>mantiene <span class=\"_ _0\"></span>un beneficio consis<span class=\"_ _3\"></span>tente en u<span class=\"_ _3\"></span>n seguro <span class=\"_ _3\"></span>de vida <span class=\"_ _3\"></span>e incap<span class=\"_ _3\"></span>acidad. Este compro<span class=\"_ _3\"></span>miso se <span class=\"_ _3\"></span>externaliz\u00f3 en <span class=\"_ _3\"></span>2014 a <span class=\"_ _3\"></span>trav\u00e9s de una compa\u00f1\u00eda <span class=\"_ _3\"></span>de seguros. Planes de ince<span class=\"_ _3\"></span>ntivos a largo plazo<span class=\"_ _3\"></span> El <span class=\"_ _10\"> </span>Grupo <span class=\"_ _13\"> </span>valora <span class=\"_ _10\"> </span>estos <span class=\"_ _10\"> </span>compromisos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>empleados<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>cad<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>fecha <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>valoraci\u00f3n <span class=\"_ _10\"> </span>considerando <span class=\"_ _13\"> </span>al <span class=\"_ _10\"></span>valor estimado <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>mpromiso <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>su <span class=\"_ _10\"></span>vencimiento <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>tiempo <span class=\"_ _10\"></span>transcurrido <span class=\"_ _0\"></span>respe<span class=\"_ _3\"></span>cto <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>periodo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de devengo. Estos <span class=\"_ _f\"></span>compromisos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cGastos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>personal\u201d <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Resulta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>consolidado linealmente <span class=\"_ _10\"> </span>dura<span class=\"_ _3\"></span>nte <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>per\u00edod<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>dev<span class=\"_ _3\"></span>engo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Plan <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>Incentivos, <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>su<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>contrapartida <span class=\"_ _10\"> </span>ser\u00e1 <span class=\"_ _13\"> </span>distinta <span class=\"_ _10\"> </span>en<span class=\"_ _65\"> </span>funci\u00f3n d<span class=\"_ _3\"></span>el modo d<span class=\"_ _3\"></span>e liquidaci<span class=\"_ _3\"></span>\u00f3n. E<span class=\"_ _3\"></span>n el cas<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>comp<span class=\"_ _3\"></span>romisos <span class=\"_ _3\"></span>que se <span class=\"_ _3\"></span>liquidan <span class=\"_ _3\"></span>en accion<span class=\"_ _3\"></span>es de ENCE<span class=\"_ _3\"></span>, el gas<span class=\"_ _3\"></span>to devengado <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconocer\u00e1 <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cPatrimonio <span class=\"_ _f\"></span>neto <span class=\"_ _10\"></span>\u2013<span class=\"ff3\"> <span class=\"_ _f\"></span></span>Otros <span class=\"_ _f\"></span>instrumentos <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>patrimonio <span class=\"_ _f\"></span>neto\u201d <span class=\"_ _f\"></span>del Estado <span class=\"_ _1a\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _17\"> </span>Situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _1a\"> </span>Financiera <span class=\"_ _1a\"> </span>consolida<span class=\"_ _3\"></span>do, <span class=\"_ _1a\"> </span>teniendo <span class=\"_ _18\"> </span>e<span class=\"_ _2\"></span>n <span class=\"_ _1a\"> </span>consideraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>el <span class=\"_ _1a\"> </span>valor <span class=\"_ _1a\"> </span>r<span class=\"_ _3\"></span>azonable <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>los instrumentos <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>cesi\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _10\"></span>su <span class=\"_ _f\"></span>parte, <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>pas<span class=\"_ _3\"></span>ivo <span class=\"_ _0\"></span>devengado <span class=\"_ _0\"></span>asociad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>a <span class=\"_ _10\"></span>los compromisos <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>liquidan <span class=\"_ _3\"></span>en efectivo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocer\u00e1 <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> ab<span class=\"_ _3\"></span>ono al <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cProvis<span class=\"_ _3\"></span>iones\u201d d<span class=\"_ _3\"></span>el pas<span class=\"_ _3\"></span>ivo d<span class=\"_ _3\"></span>el Estado de Situaci\u00f3n Fin<span class=\"_ _3\"></span>anciera cons<span class=\"_ _3\"></span>olidado. Las <span class=\"_ _10\"></span>estimaciones <span class=\"_ _0\"></span>realizadas <span class=\"_ _10\"> </span>para <span class=\"_ _0\"></span>valora<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>compromiso <span class=\"_ _0\"></span>asumido <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>personal <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>re<span class=\"_ _2\"></span>visadas<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>cada cierre <span class=\"_ _0\"></span>contable, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>impacto<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variaciones <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>registra<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>prospectiva,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>urante <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>de devengo restante.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "Planes de ince<span class=\"_ _3\"></span>ntivos a largo plazo<span class=\"_ _3\"></span> El <span class=\"_ _10\"> </span>Grupo <span class=\"_ _13\"> </span>valora <span class=\"_ _10\"> </span>estos <span class=\"_ _10\"> </span>compromisos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>empleados<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>cad<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>fecha <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>valoraci\u00f3n <span class=\"_ _10\"> </span>considerando <span class=\"_ _13\"> </span>al <span class=\"_ _10\"></span>valor estimado <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>mpromiso <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>su <span class=\"_ _10\"></span>vencimiento <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>tiempo <span class=\"_ _10\"></span>transcurrido <span class=\"_ _0\"></span>respe<span class=\"_ _3\"></span>cto <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>periodo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de devengo. Estos <span class=\"_ _f\"></span>compromisos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cGastos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>personal\u201d <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Resulta<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>consolidado linealmente <span class=\"_ _10\"> </span>dura<span class=\"_ _3\"></span>nte <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>per\u00edod<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>dev<span class=\"_ _3\"></span>engo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Plan <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>Incentivos, <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>su<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>contrapartida <span class=\"_ _10\"> </span>ser\u00e1 <span class=\"_ _13\"> </span>distinta <span class=\"_ _10\"> </span>en<span class=\"_ _65\"> </span>funci\u00f3n d<span class=\"_ _3\"></span>el modo d<span class=\"_ _3\"></span>e liquidaci<span class=\"_ _3\"></span>\u00f3n. E<span class=\"_ _3\"></span>n el cas<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>comp<span class=\"_ _3\"></span>romisos <span class=\"_ _3\"></span>que se <span class=\"_ _3\"></span>liquidan <span class=\"_ _3\"></span>en accion<span class=\"_ _3\"></span>es de ENCE<span class=\"_ _3\"></span>, el gas<span class=\"_ _3\"></span>to devengado <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>reconocer\u00e1 <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cPatrimonio <span class=\"_ _f\"></span>neto <span class=\"_ _10\"></span>\u2013<span class=\"ff3\"> <span class=\"_ _f\"></span></span>Otros <span class=\"_ _f\"></span>instrumentos <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>patrimonio <span class=\"_ _f\"></span>neto\u201d <span class=\"_ _f\"></span>del Estado <span class=\"_ _1a\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _17\"> </span>Situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _1a\"> </span>Financiera <span class=\"_ _1a\"> </span>consolida<span class=\"_ _3\"></span>do, <span class=\"_ _1a\"> </span>teniendo <span class=\"_ _18\"> </span>e<span class=\"_ _2\"></span>n <span class=\"_ _1a\"> </span>consideraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>el <span class=\"_ _1a\"> </span>valor <span class=\"_ _1a\"> </span>r<span class=\"_ _3\"></span>azonable <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>los instrumentos <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>cesi\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _10\"></span>su <span class=\"_ _f\"></span>parte, <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>pas<span class=\"_ _3\"></span>ivo <span class=\"_ _0\"></span>devengado <span class=\"_ _0\"></span>asociad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>a <span class=\"_ _10\"></span>los compromisos <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>liquidan <span class=\"_ _3\"></span>en efectivo <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocer\u00e1 <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> ab<span class=\"_ _3\"></span>ono al <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cProvis<span class=\"_ _3\"></span>iones\u201d d<span class=\"_ _3\"></span>el pas<span class=\"_ _3\"></span>ivo d<span class=\"_ _3\"></span>el Estado de Situaci\u00f3n Fin<span class=\"_ _3\"></span>anciera cons<span class=\"_ _3\"></span>olidado. Las <span class=\"_ _10\"></span>estimaciones <span class=\"_ _0\"></span>realizadas <span class=\"_ _10\"> </span>para <span class=\"_ _0\"></span>valora<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>compromiso <span class=\"_ _0\"></span>asumido <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>personal <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>re<span class=\"_ _2\"></span>visadas<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>cada cierre <span class=\"_ _0\"></span>contable, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>impacto<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variaciones <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>registra<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>prospectiva,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>urante <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>de devengo restante.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "3.15<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Reconocimiento de ingreso<span class=\"_ _2\"></span>s y gastos<span class=\"_ _65\"> </span></span></span><span class=\"ff5\"><span class=\"ff2 fc2\"> </span></span>Los \u201cIngresos<span class=\"_ _3\"></span> ordinarios\u201d <span class=\"_ _3\"></span><span class=\"ff3\">derivados de contratos co<span class=\"_ _3\"></span>n clientes se reconocen en funci\u00f3n<span class=\"_ _3\"></span> del cumplimiento de<span class=\"_ _3\"></span> </span>las  o<span class=\"_ _3\"></span>bligaciones  d<span class=\"_ _3\"></span>e  desempe\u00f1o<span class=\"_ _3\"></span>  con <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>clientes,  y <span class=\"_ _19\"> </span>representan <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>importes  a <span class=\"_ _16\"> </span>cobrar <span class=\"_ _16\"> </span>por  los<span class=\"_ _3\"></span>  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _3\"></span> netos de devoluciones y descuentos, y <span class=\"_ _3\"></span>cantidad<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>recibidas <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>terceros, <span class=\"_ _3\"></span>tales <span class=\"_ _f\"></span>como el <span class=\"_ _3\"></span>impuesto <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>a\u00f1adido. <span class=\"_ _f\"></span>Los i<span class=\"_ _f\"></span>ngresos se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _f\"></span>icios econ\u00f3micos asociado<span class=\"_ _3\"></span>s a la transacci\u00f3n, y<span class=\"_ _3\"></span> se valoran por el valor razonab<span class=\"_ _3\"></span>le de la contraprestaci\u00f3n<span class=\"_ _3\"></span> recibida o a recibir.<span class=\"_ _65\"> </span>En este sentido, los ingresos procedentes de la venta de bienes se reconocen cuando se trans<span class=\"_ _3\"></span>fiere al clie<span class=\"_ _2\"></span>nte el <span class=\"_ _10\"> </span>contro<span class=\"_ _3\"></span>l <span class=\"_ _10\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>mismos,<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>momento <span class=\"_ _10\"> </span>que <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>venta <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>celulosa <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>dete<span class=\"_ _3\"></span>rmina <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>base <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>incoterm<span class=\"_ _3\"></span> (t\u00e9rminos <span class=\"_ _13\"> </span>internacionales <span class=\"_ _10\"> </span>de<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>comercio<span class=\"_ _3\"></span>) <span class=\"_ _10\"> </span>aplicad<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>a<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>cada <span class=\"_ _10\"> </span>tra<span class=\"_ _3\"></span>nsacci\u00f3n, <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>venta <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>madera <span class=\"_ _13\"> </span>coincide normalmente <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>entrega <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>cliente. <span class=\"_ _f\"></span>Las <span class=\"_ _f\"></span>ob<span class=\"_ _3\"></span>ligaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>sus <span class=\"_ _f\"></span>clientes <span class=\"_ _f\"></span>se completan <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>el  momento<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de  la <span class=\"_ _16\"> </span>entrega <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>bien, <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>las  dev<span class=\"_ _3\"></span>oluciones  p<span class=\"_ _3\"></span>or <span class=\"_ _16\"> </span>parte  de <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>clientes <span class=\"_ _16\"> </span>son excepcionales.<span class=\"_ _65\"> </span><div class=\"c w3_1 h3d gs33\"><div class=\"t_1 m0_1 x6d h7_1 y1d2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>arte, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ingresos <span class=\"_ _f\"></span>asociados <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>electricid<span class=\"_ _3\"></span>ad <span class=\"_ _f\"></span>incluyen <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>rifa <span class=\"_ _f\"></span>percibida <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>mercado, <span class=\"_ _f\"></span>as\u00ed </div><div class=\"t_1 m0_1 x6d h7_1 y1d3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">como <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>primas <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>fuentes <span class=\"_ _0\"></span>renovables<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>legalmente <span class=\"_ _0\"></span>reconocida<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>sus </div><div class=\"t_1 m0_1 x6d h7_1 y1d4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">mecanismos de ajus<span class=\"_ _3\"></span>te o comp<span class=\"_ _3\"></span>ensaci\u00f3n (Vajdm), y s<span class=\"_ _3\"></span>e recono<span class=\"_ _3\"></span>cen en el momento d<span class=\"_ _3\"></span>e su gen<span class=\"_ _3\"></span>eraci\u00f3n y entrega </div><div class=\"t_1 m0_1 x6d h7_1 y1f8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">al cliente, en funci\u00f3n<span class=\"_ _3\"></span> de las cantidad<span class=\"_ _3\"></span>es suministrad<span class=\"_ _3\"></span>as, y p<span class=\"_ _3\"></span>or el importe bruto de venta, en <span class=\"_ _3\"></span>la medida en qu<span class=\"_ _3\"></span>e </div><div class=\"t_1 m0_1 x6d h7_1 y219 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">se act\u00faa como prin<span class=\"_ _3\"></span>cipal. </div><div class=\"t_1 m0_1 x6d h7_1 y23e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>E<span class=\"_ _3\"></span>nce <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>uscrito <span class=\"_ _0\"></span>acuerdos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>venta <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>biom<span class=\"_ _3\"></span>etano<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _10\"></span>(Biomethane <span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>d <span class=\"_ _10\"></span>Power <span class=\"_ _f\"></span>Purchas<span class=\"_ _3\"></span>e </div><div class=\"t_1 m0_1 x6d h7_1 y23f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Agreement). Estos co<span class=\"_ _3\"></span>ntratos que sup<span class=\"_ _3\"></span>onen la entrega f\u00edsica de energ\u00eda, co<span class=\"_ _3\"></span>mo norma gene<span class=\"_ _3\"></span>ral, son calificados<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y240 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">como <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>destinad<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>necesidades <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>compra, <span class=\"_ _0\"></span>venta <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>utilizaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>Gru<span class=\"_ _3\"></span>po, <span class=\"_ _0\"></span>quedando </div><div class=\"t_1 m0_1 x6d h7_1 y333 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">fuera <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>alcance <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>NIIF <span class=\"_ _f\"></span>9 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>tablemente <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>medida <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>recibe <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>transmite <span class=\"_ _f\"></span>los </div><div class=\"t_1 m0_1 x6d h7_1 y334 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">derechos y obligacion<span class=\"_ _3\"></span>es originados p<span class=\"_ _3\"></span>or los mismos. <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y2bd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>asociados<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>prestaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>servicios <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _3\"></span>considerand<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>el grado<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>realizaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la </div><div class=\"t_1 m0_1 x6d h7_1 y2be ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">prestaci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cierre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>estados <span class=\"_ _f\"></span>financieros, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>iempre <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>cuando <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>resultado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>trans<span class=\"_ _3\"></span>acci\u00f3n </div><div class=\"t_1 m0_1 x6d h7_1 y426 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">pueda ser estimado co<span class=\"_ _3\"></span>n fiabilidad.  </div><div class=\"t_1 m0_1 x6d h7_1 y246 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los in<span class=\"_ _3\"></span>gresos por <span class=\"_ _3\"></span>intereses se reconocen <span class=\"_ _3\"></span>siguiendo <span class=\"_ _3\"></span>un criterio <span class=\"_ _3\"></span>financiero, en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>del principal p<span class=\"_ _3\"></span>endiente </div><div class=\"t_1 m0_1 x6d h7_1 y247 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de pago, el plazo h<span class=\"_ _3\"></span>asta el vencimiento, y el t<span class=\"_ _3\"></span>ipo de inter\u00e9s efectivo a<span class=\"_ _3\"></span>plicable.<span class=\"_ _65\"> </span> <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y248 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _f\"></span>ingresos <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>dividendos <span class=\"_ _3\"></span>procedentes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>invers<span class=\"_ _3\"></span>iones <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>registran <span class=\"_ _f\"></span>cuando <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>reconocen <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>derecho <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>su </div><div class=\"t_1 m0_1 x6d h7_1 y427 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">percepci\u00f3n. </div><div class=\"t_1 m0_1 x6d h7_1 y24a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _0\"></span>gasto<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e </div><div class=\"t_1 m0_1 x6d h7_1 y413 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">reconoce un gasto d<span class=\"_ _3\"></span>e forma inmediata cuan<span class=\"_ _3\"></span>do no se p<span class=\"_ _3\"></span>rev\u00e9 que genere beneficios econ\u00f3micos futu<span class=\"_ _3\"></span>ros.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h56 y428 ff9 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos por ventas de<span class=\"_ _3\"></span> electricida<span class=\"_ _3\"></span>d- </div><div class=\"t_1 m0_1 x6d h7_1 y26a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">De acu<span class=\"_ _3\"></span>erdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>establecid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>RD <span class=\"_ _3\"></span>413<span class=\"_ _3\"></span>/2014, <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>instalaciones<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e gen<span class=\"_ _3\"></span>eraci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>renovable <span class=\"_ _3\"></span>en </div><div class=\"t_1 m0_1 x6d h7_1 y3b7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Espa\u00f1a reciben determinados <span class=\"_ _2\"></span>incentivos, estableciendo que, adicionalmente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>la retribuci\u00f3n por la <span class=\"_ _2\"></span>venta de<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y3a7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda generada valorada a precio de mercado, las instalaciones podr\u00e1n<span class=\"_ _3\"></span> percibir una retribuci\u00f3n espec\u00edfica </div><div class=\"t_1 m0_1 x6d h7_1 y250 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">compuesta por un <span class=\"_ _2\"></span>t\u00e9rmino <span class=\"_ _2\"></span>por unidad <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>potencia (retribuci\u00f3n a <span class=\"_ _2\"></span>la in<span class=\"_ _2\"></span>versi\u00f3n) que <span class=\"_ _2\"></span>cubra cuando <span class=\"_ _2\"></span>proceda los </div><div class=\"t_1 m0_1 x6d h7_1 y251 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">costes de invers<span class=\"_ _3\"></span>i\u00f3n de una instalaci\u00f3n<span class=\"_ _3\"></span> tipo (IT) que no p<span class=\"_ _3\"></span>ueden ser recuperad<span class=\"_ _3\"></span>os por la <span class=\"_ _f\"></span>venta de energ\u00eda y<span class=\"_ _3\"></span> un </div><div class=\"t_1 m0_1 x6d h7_1 y252 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">t\u00e9rmino <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n <span class=\"_ _10\"> </span>(retribuci\u00f3n <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>operaci\u00f3n) <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>cubra <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>caso, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>diferencia <span class=\"_ _10\"> </span>entre <span class=\"_ _10\"> </span>costes<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y429 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n y <span class=\"_ _2\"></span>los ingresos <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>la participaci\u00f3n <span class=\"_ _2\"></span>en el <span class=\"_ _d\"></span>mercado de dicha <span class=\"_ _2\"></span>instalaci\u00f3n. El <span class=\"_ _2\"></span>RD <span class=\"_ _2\"></span>establece, <span class=\"_ _2\"></span>asimismo, </div><div class=\"t_1 m0_1 x6d h7_1 y42a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">que mediante orden ministeri<span class=\"_ _3\"></span>al se actualizar\u00e1n determinados par\u00e1metros retributivos<span class=\"_ _3\"></span> en cada semiper\u00edodo </div><div class=\"t_1 m0_1 x6d h7_1 y42b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">regulatorio de tres a\u00f1os<span class=\"_ _3\"></span> de duraci\u00f3n (v\u00e9ase Anexo I<span class=\"_ _3\"></span>II <span class=\"ff6\">\u2013</span> <span class=\"_ _3\"></span>Marco Regulatorio del Se<span class=\"_ _3\"></span>ctor Energ\u00e9tico). <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y256 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Entre <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>aspectos <span class=\"_ _f\"></span>desarrollad<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mencionado <span class=\"_ _f\"></span>Real <span class=\"_ _f\"></span>Decreto, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>estab<span class=\"_ _3\"></span>lece <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>diferencias <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se </div><div class=\"t_1 m0_1 x6d h7_1 y3a9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">producen <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>cada <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ingresos <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>venta <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>estimado, <span class=\"_ _0\"></span>estimaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>que </div><div class=\"t_1 m0_1 x6d h7_1 y272 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">determina <span class=\"_ _3\"></span>el regulador <span class=\"_ _3\"></span>al in<span class=\"_ _3\"></span>icio <span class=\"_ _3\"></span>de cada <span class=\"_ _3\"></span>semiper<span class=\"_ _3\"></span>\u00edodo <span class=\"_ _3\"></span>regula<span class=\"_ _3\"></span>torio trian<span class=\"_ _3\"></span>ual, y <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ingresos p<span class=\"_ _3\"></span>or venta <span class=\"_ _3\"></span>al p<span class=\"_ _3\"></span>recio </div><div class=\"t_1 m0_1 x6d h7_1 y3aa ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">medio real <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mercado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>dic<span class=\"_ _3\"></span>ho <span class=\"_ _3\"></span>ejercicio, s<span class=\"_ _3\"></span>e regularizan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>obtener <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ejercicios futuro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>a </div><div class=\"t_1 m0_1 x6d h7_1 y3ab ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>ajuste <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>\u201c<span class=\"_ _3\"></span>Retribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n\u201d. <span class=\"_ _0\"></span>Dicha <span class=\"_ _0\"></span>diferencia <span class=\"_ _f\"></span>deno<span class=\"_ _3\"></span>minada <span class=\"_ _0\"></span>\u201c<span class=\"_ _f\"></span><span class=\"ff3\">Valor <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>ajus<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or </span></div><div class=\"t_1 m0_1 x6d h7_1 y3ac ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">desviaciones <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>precio <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>mercado<span class=\"_ _3\"></span>- <span class=\"_ _d\"></span><span class=\"ff6\">Vajdm\u201d <span class=\"_ _2\"></span>viene <span class=\"_ _d\"></span>regu<span class=\"_ _3\"></span>lada <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>art\u00edculo <span class=\"_ _2\"></span>22 <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>dicho <span class=\"_ _d\"></span>Real <span class=\"_ _2\"></span>Decreto <span class=\"_ _d\"></span>(v<span class=\"_ _3\"></span>\u00e9anse </span></div><div class=\"t_1 m0_1 x6d h7_1 y3ad ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Nota <span class=\"ls10\">9 </span>y An<span class=\"_ _3\"></span>exo III). </div><div class=\"t_1 m0_1 x6d h7_1 y25d ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El  tratamiento  contable  aplicado  por  ENCE<span class=\"_ _3\"></span>  al  Vajdm  qued\u00f3  recogido  en  el <span class=\"_ _13\"> </span>docume<span class=\"_ _3\"></span>nto  \u201cCriterio  para </div><div class=\"t_1 m0_1 x6d h7_1 y42c ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">contabilizar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Valor <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ajustes <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>desviaciones <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>precio <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>mercado\u201d <span class=\"_ _f\"></span>(Vajdm), <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>acuerd<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>el </div><div class=\"t_1 m0_1 x6d h7_1 y42d ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">art\u00edculo 22 del real decreto 41<span class=\"_ _3\"></span>3/2014\u201d publicado p<span class=\"_ _3\"></span>or<span class=\"ff3\"> <span class=\"_ _3\"></span>la CNMV el 22 de octubre d<span class=\"_ _3\"></span>e 2021:  </span></div><div class=\"t_1 m0_1 x8 h7_1 y42e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"_ _10\"></span>reconoce <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Situaci\u00f3n <span class=\"_ _10\"> </span>Financiera <span class=\"_ _10\"> </span>cada <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"> </span>desviaciones <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>mercado, <span class=\"_ _10\"> </span>positiv<span class=\"_ _3\"></span>as <span class=\"_ _10\"></span>y </div><div class=\"t_1 m0_1 x8 h7_1 y42f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">negativas <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>surgen <span class=\"_ _d\"></span>al amparo <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>RD <span class=\"_ _d\"></span>413/20<span class=\"_ _3\"></span>14 <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>trapartida en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>importe <span class=\"_ _2\"></span>neto de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>cifra <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>negocios.<span class=\"_ _65\"> </span> <span class=\"_ _f\"></span> </div></div>En <span class=\"_ _f\"></span>este <span class=\"_ _3\"></span>sentido, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>desviaciones <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>pool <span class=\"_ _f\"></span>positivos <span class=\"_ _3\"></span>netos <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ayan <span class=\"_ _3\"></span>generand<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _f\"></span>de un mismo semiperiodo regulatorio <span class=\"_ _3\"></span>y que representar\u00e1n un incremento en las r<span class=\"_ _3\"></span>etribuciones futuras recibidas de CNMC <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e registran <span class=\"_ _2\"></span>como un activo <span class=\"_ _2\"></span>en el <span class=\"_ _2\"></span><span class=\"ff6\">ep\u00edgrafe \u201cOtras inversiones financieras\u201d <span class=\"_ _2\"></span>y como un <span class=\"_ _2\"></span>mayor ingreso </span>asociado <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>la <span class=\"_ _d\"></span>venta<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>electrici<span class=\"_ _3\"></span>dad. <span class=\"_ _d\"></span>Dicho <span class=\"_ _2\"></span>activo <span class=\"_ _d\"></span>neto, <span class=\"_ _2\"></span>una <span class=\"_ _d\"></span>vez <span class=\"_ _2\"></span>finalizado <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>emiperiodo <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>egulatorio <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>revierte reduciendo <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>ingreso <span class=\"_ _10\"> </span>asocia<span class=\"_ _3\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>venta <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>electricidad <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>lo <span class=\"_ _10\"> </span>largo <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>vi<span class=\"_ _f\"></span>da <span class=\"_ _0\"></span>regulato<span class=\"_ _3\"></span>ria <span class=\"_ _10\"></span>restante <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la instalaci\u00f3n. Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte, <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ajustes <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>desviaciones<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el poo<span class=\"_ _3\"></span>l negativ<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>netos <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>vayan <span class=\"_ _3\"></span>generando <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un mismo semiperiod<span class=\"_ _3\"></span>o regulator<span class=\"_ _3\"></span>io y <span class=\"_ _3\"></span>que representa<span class=\"_ _3\"></span>r\u00e1n un<span class=\"_ _3\"></span>a reducci\u00f3n <span class=\"_ _3\"></span>en las <span class=\"_ _3\"></span>retribuciones <span class=\"_ _3\"></span>futuras <span class=\"_ _3\"></span>recibidas <span class=\"_ _3\"></span>de CNMC  se  registran  en <span class=\"_ _16\"> </span>funci\u00f3n  de  su  vencimi<span class=\"_ _3\"></span><span class=\"ff6\">ento  como<span class=\"_ _3\"></span>  un  pasivo  en  los  ep\u00edgrafes <span class=\"_ _16\"> </span>\u201cOtros  pasivos  no </span>corrientes\u201d y<span class=\"_ _3\"></span> \u201cOtros <span class=\"_ _3\"></span>pasiv<span class=\"_ _3\"></span>os corrientes\u201d <span class=\"_ _3\"></span>y como <span class=\"_ _3\"></span>un m<span class=\"_ _3\"></span>enor i<span class=\"_ _3\"></span>ngreso as<span class=\"_ _3\"></span>ociado a <span class=\"_ _3\"></span>la v<span class=\"_ _3\"></span>enta de <span class=\"_ _3\"></span>electricidad. <span class=\"_ _3\"></span>Dicho pasivo neto, una vez finalizado el semiperiodo regulatorio se revierte incrementando el ingre<span class=\"_ _3\"></span>so asociado a la venta <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>electricidad <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>vida <span class=\"_ _f\"></span>regulatoria <span class=\"_ _3\"></span>restante <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>instalaci\u00f3n.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>pasivos <span class=\"_ _f\"></span>se<span class=\"_ _2\"></span> ver\u00e1 limitado al Valor Neto d<span class=\"_ _3\"></span>el Activo (VNA) d<span class=\"_ _3\"></span>e la instalaci\u00f3n.<span class=\"_ _3\"></span> Al <span class=\"_ _f\"></span>finalizar <span class=\"_ _3\"></span>cad<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>semiperiodo <span class=\"_ _3\"></span>regulatorio <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>importes <span class=\"_ _f\"></span>reco<span class=\"_ _3\"></span>nocidos <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>activo <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>pasivo, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>registran <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el<span class=\"_ _2\"></span> importe neto <span class=\"_ _3\"></span>en el Activ<span class=\"_ _3\"></span>o o Pasivo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estado d<span class=\"_ _3\"></span>e Situaci\u00f3n Finan<span class=\"_ _3\"></span>ciera consolida<span class=\"_ _3\"></span>do. En <span class=\"_ _3\"></span>este sentido<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>el Grupo tiene <span class=\"_ _0\"></span>regis<span class=\"_ _3\"></span>trado <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ivo <span class=\"_ _10\"></span>ne<span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>61.443 <span class=\"_ _10\"> </span>miles <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el ep\u00edgrafe <span class=\"_ _3\"></span>\u201c<span class=\"_ _3\"></span>Otros <span class=\"_ _f\"></span>pasivos <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>co<span class=\"_ _2\"></span>rrientes\u201d <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>4.461 <span class=\"_ _f\"></span>mile<span class=\"_ _2\"></span>s <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cotros <span class=\"_ _f\"></span>pasivos corrientes\u201d<span class=\"ff3\"> del Es<span class=\"_ _3\"></span>tado de Situaci\u00f3n Fin<span class=\"_ _3\"></span>anciera consolidad<span class=\"_ _3\"></span>o. </span>El  4 <span class=\"_ _13\"> </span>de  junio <span class=\"_ _13\"> </span>de  2024 <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>public<span class=\"_ _3\"></span>\u00f3  la <span class=\"_ _13\"> </span>Orden  T<span class=\"_ _2\"></span>ED/526/20<span class=\"_ _3\"></span>24,  de <span class=\"_ _13\"> </span>31 <span class=\"_ _13\"> </span>de  mayo, <span class=\"_ _13\"> </span>por  la <span class=\"_ _13\"> </span>que  se <span class=\"_ _13\"> </span>establece  la metodolog\u00eda <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>actu<span class=\"_ _3\"></span>alizaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>retribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>operaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"> </span>instalacion<span class=\"_ _3\"></span>es <span class=\"_ _10\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de energ\u00eda <span class=\"_ _13\"> </span>el\u00e9ctrica <span class=\"_ _13\"> </span>cuyos  costes <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>explotaci\u00f3n <span class=\"_ _13\"> </span>dependan <span class=\"_ _10\"> </span>esencialm<span class=\"_ _3\"></span>ente <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>precio <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>c<span class=\"_ _3\"></span>ombustible  y<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>se actualizan sus valores <span class=\"_ _2\"></span>de retribuci\u00f3n <span class=\"_ _2\"></span>a la <span class=\"_ _2\"></span>operaci\u00f3n de <span class=\"_ _2\"></span>aplicaci\u00f3n a <span class=\"_ _2\"></span>partir del <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>de enero <span class=\"_ _2\"></span>de 2024. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>sta norma, entre o<span class=\"_ _3\"></span>tros, <span class=\"_ _3\"></span>establece <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>instalacion<span class=\"_ _3\"></span>es in<span class=\"_ _3\"></span>cluidas <span class=\"_ _3\"></span>en esta <span class=\"_ _3\"></span>Orden, <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluyen <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>tas <span class=\"_ _3\"></span>de generaci\u00f3n de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>a parti<span class=\"_ _3\"></span>r de <span class=\"_ _3\"></span>biomasa <span class=\"_ _3\"></span>que op<span class=\"_ _3\"></span>era ENCE, <span class=\"_ _3\"></span>quedan <span class=\"_ _3\"></span>excluidas <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>aplicaci\u00f3n d<span class=\"_ _3\"></span>el ajuste <span class=\"_ _3\"></span>por desviaciones en el p<span class=\"_ _3\"></span>recio de mercado, r<span class=\"_ _3\"></span>egulado en el<span class=\"_ _3\"></span> art\u00edculo 22 d<span class=\"_ _3\"></span>el RD 413/2014, <span class=\"_ _3\"></span>a partir del 1 de en<span class=\"_ _3\"></span>ero de 2024.<span class=\"ls0_1\"> No obs<span class=\"_ _3\"></span>tante, el valor de ajuste registrado correspon<span class=\"_ _3\"></span>diente a periodos anteriores a 2023, este incluido, </span>mantienen el r\u00e9gimen esta<span class=\"_ _3\"></span>blecido en la no<span class=\"_ _3\"></span>rmativa.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "Los \u201cIngresos<span class=\"_ _3\"></span> ordinarios\u201d <span class=\"_ _3\"></span><span class=\"ff3\">derivados de contratos co<span class=\"_ _3\"></span>n clientes se reconocen en funci\u00f3n<span class=\"_ _3\"></span> del cumplimiento de<span class=\"_ _3\"></span> </span>las  o<span class=\"_ _3\"></span>bligaciones  d<span class=\"_ _3\"></span>e  desempe\u00f1o<span class=\"_ _3\"></span>  con <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>clientes,  y <span class=\"_ _19\"> </span>representan <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>importes  a <span class=\"_ _16\"> </span>cobrar <span class=\"_ _16\"> </span>por  los<span class=\"_ _3\"></span>  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _3\"></span> netos de devoluciones y descuentos, y <span class=\"_ _3\"></span>cantidad<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>recibidas <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>terceros, <span class=\"_ _3\"></span>tales <span class=\"_ _f\"></span>como el <span class=\"_ _3\"></span>impuesto <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>a\u00f1adido. <span class=\"_ _f\"></span>Los i<span class=\"_ _f\"></span>ngresos se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _f\"></span>icios econ\u00f3micos asociado<span class=\"_ _3\"></span>s a la transacci\u00f3n, y<span class=\"_ _3\"></span> se valoran por el valor razonab<span class=\"_ _3\"></span>le de la contraprestaci\u00f3n<span class=\"_ _3\"></span> recibida o a recibir.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "Los <span class=\"_ _0\"></span>gasto<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e reconoce un gasto d<span class=\"_ _3\"></span>e forma inmediata cuan<span class=\"_ _3\"></span>do no se p<span class=\"_ _3\"></span>rev\u00e9 que genere beneficios econ\u00f3micos futu<span class=\"_ _3\"></span>ros.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "3.16<span class=\"ff5\"> <span class=\"_ _16\"> </span></span><span class=\"fc2\">Impuesto sobre bene<span class=\"_ _2\"></span>ficios </span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>tributa <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Impuesto <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>Sociedades <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav<span class=\"_ _3\"></span>\u00e9s d<span class=\"_ _3\"></span>e do<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Grupos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>consolidaci\u00f3n <span class=\"_ _3\"></span>fiscal <span class=\"_ _3\"></span>regulados en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtu<span class=\"_ _3\"></span>lo <span class=\"_ _0\"></span>VI <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>T\u00edtulo <span class=\"_ _10\"></span>VII <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Texto <span class=\"_ _10\"></span>Refundido <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Ley <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Impues<span class=\"_ _3\"></span>to <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>Soci<span class=\"_ _3\"></span>edades,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>siendo <span class=\"_ _0\"></span>las cabeceras de <span class=\"_ _2\"></span>dichos Grupos Ence Energ\u00eda <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>Celu<span class=\"_ _3\"></span>losa, S.A. <span class=\"_ _2\"></span>y Magnon Green <span class=\"_ _2\"></span>Energy, S.L. <span class=\"_ _2\"></span>Se integran en <span class=\"_ _2\"></span>dichos Grupos <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>est\u00e1<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>domiciliadas <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>Espa\u00f1a <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cabecera <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _3\"></span>en su capital s<span class=\"_ _3\"></span>ocial igual o superior al 75%. <span class=\"_ _3\"></span> El <span class=\"_ _13\"> </span>gasto <span class=\"_ _13\"> </span>o <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>greso <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Impu<span class=\"_ _3\"></span>esto <span class=\"_ _13\"> </span>sobre <span class=\"_ _13\"> </span>Sociedades <span class=\"_ _13\"> </span>comprende <span class=\"_ _10\"> </span>tanto<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>impu<span class=\"_ _3\"></span>esto <span class=\"_ _13\"> </span>corriente <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>e<span class=\"_ _3\"></span>l impuesto  diferido.  El <span class=\"_ _16\"> </span>impuesto  sobre  las  ganancias  corriente  o  d<span class=\"_ _3\"></span>iferido  se  reconoce  en  el  Estado  de Resultado <span class=\"_ _3\"></span>consolidado, salv<span class=\"_ _3\"></span>o que surja <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>transacci\u00f3n <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>suceso econ<span class=\"_ _3\"></span>\u00f3mico que se <span class=\"_ _3\"></span>ha reconocido, <span class=\"_ _3\"></span>en el mismo ejercicio o en otro d<span class=\"_ _3\"></span>iferente, contra<span class=\"_ _3\"></span> patrimonio neto o d<span class=\"_ _3\"></span>e una combinaci\u00f3n d<span class=\"_ _3\"></span>e negocios.<span class=\"_ _3\"></span> Los <span class=\"_ _2\"></span>activos <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>asivos <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>impuesto<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>obre <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>gan<span class=\"_ _3\"></span>ancias <span class=\"_ _2\"></span>corrientes <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>aloran <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>can<span class=\"_ _3\"></span>tidades <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>espera pagar <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>recuperar <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>autoridades <span class=\"_ _3\"></span>fiscales, <span class=\"_ _f\"></span>utilizando <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>normativa <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tipos <span class=\"_ _f\"></span>impositivos <span class=\"_ _3\"></span>aprob<span class=\"_ _3\"></span>ados <span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>los pa\u00edses que op<span class=\"_ _3\"></span>eran las sociedades del Grup<span class=\"_ _3\"></span>o. La <span class=\"_ _3\"></span>contabilizaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los act<span class=\"_ _3\"></span>ivos y <span class=\"_ _3\"></span>pasivos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>impuesto <span class=\"_ _3\"></span>diferido s<span class=\"_ _3\"></span>e determina <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>diferencias entre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>libros <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>pasivos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>base <span class=\"_ _f\"></span>fiscal, <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>tilizando <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>tasas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>fiscales <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>espera objetivamente  que <span class=\"_ _13\"> </span>est\u00e9n  en <span class=\"_ _13\"> </span>vigor  cuando  los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>pasivos  se  realice<span class=\"_ _2\"></span>n,  valor <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>coincide  con <span class=\"_ _13\"> </span>el gravamen  vigente <span class=\"_ _13\"> </span>en  cada  momento.  Estos  activos  y <span class=\"_ _13\"> </span>p<span class=\"_ _2\"></span>asivos<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se  re<span class=\"_ _2\"></span>conocen  en <span class=\"_ _13\"> </span>el  Estado  de  Situaci\u00f3n<span class=\"_ _65\"> </span>Financiera consolidado como \u201cno <span class=\"_ _2\"></span>corrientes\u201d, independientemente de <span class=\"_ _2\"></span>la fecha de <span class=\"_ _2\"></span>esperada de <span class=\"_ _2\"></span>realizaci\u00f3n o liquidaci\u00f3n. El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>reconoce con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>car\u00e1cter <span class=\"_ _3\"></span>general <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pasivos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>impuesto <span class=\"_ _3\"></span>diferido <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tod<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>casos. <span class=\"_ _0\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte, los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>impuesto <span class=\"_ _13\"> </span>diferido <span class=\"_ _13\"> </span>s\u00f3lo <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>recon<span class=\"_ _3\"></span>ocen <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>caso <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>cons<span class=\"_ _3\"></span>idere  probable <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _13\"> </span>las entidades cons<span class=\"_ _3\"></span>olidadas van a<span class=\"_ _3\"></span> tener en el futuro suficientes <span class=\"_ _3\"></span>ganancias fis<span class=\"_ _3\"></span>cales contra las que po<span class=\"_ _3\"></span>der hacerlos efectivos. <span class=\"_ _3\"></span>Con <span class=\"_ _f\"></span>ocasi\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>ci<span class=\"_ _3\"></span>erre <span class=\"_ _3\"></span>contable, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>reestima <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>capacid<span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>recuperaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>impuestos diferidos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>activ<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>reconocidos, <span class=\"_ _3\"></span>efectu\u00e1nd<span class=\"_ _3\"></span>ose <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>oportunas <span class=\"_ _f\"></span>correcciones <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>mismos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>cuerdo <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>lo<span class=\"_ _2\"></span>s resultados d<span class=\"_ _3\"></span>e los an\u00e1lisis realizados.<span class=\"_ _65\"> </span>No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cen <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pasivos <span class=\"_ _10\"></span>p<span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>impuestos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _0\"></span>surgen <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cimiento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>del<span class=\"_ _3\"></span> fondo de comercio o<span class=\"_ _3\"></span> de un ac<span class=\"_ _3\"></span>tivo o pas<span class=\"_ _3\"></span>ivo en una <span class=\"_ _3\"></span>transacci\u00f3n que no es<span class=\"_ _3\"></span> una combinaci\u00f3<span class=\"_ _3\"></span>n de negocios y<span class=\"_ _3\"></span> en la <span class=\"_ _f\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>transacci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>afecta <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>result<span class=\"_ _3\"></span>ado <span class=\"_ _0\"></span>contable <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>imponible <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>ien, <span class=\"_ _f\"></span>cuando correspondan <span class=\"_ _18\"> </span>a <span class=\"_ _17\"> </span>diferencias<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>temporarias<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>relacionadas<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>con <span class=\"_ _1a\"> </span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _1a\"> </span>en <span class=\"_ _1a\"> </span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _1a\"> </span>depend<span class=\"_ _3\"></span>ientes, asociadas <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>negocios <span class=\"_ _f\"></span>conjuntos <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>tenga <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>capacidad <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trolar <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>momento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _f\"></span><span class=\"ls1a\">u </span>reversi\u00f3n y no fu<span class=\"_ _3\"></span>ese probable que s<span class=\"_ _3\"></span>e produzca su reversi\u00f3n<span class=\"_ _3\"></span> en un futuro previs<span class=\"_ _3\"></span>ible. Si <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>bable <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>autoridad<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>fiscal <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>aya <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>acept<span class=\"_ _3\"></span>ar <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>tamiento <span class=\"_ _10\"></span>fiscal incierto <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>grupo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tamientos <span class=\"_ _3\"></span>fiscales <span class=\"_ _f\"></span>inciertos, <span class=\"_ _f\"></span>considera <span class=\"_ _3\"></span>dicha <span class=\"_ _f\"></span>incertidumbre <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>determinaci\u00f3n de <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>imponible, <span class=\"_ _19\"> </span>b<span class=\"_ _3\"></span>ases <span class=\"_ _16\"> </span>fiscales, <span class=\"_ _15\"> </span>cr\u00e9ditos <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _19\"> </span>bases <span class=\"_ _19\"> </span>imponibles <span class=\"_ _19\"> </span>negativ<span class=\"_ _3\"></span>as, <span class=\"_ _19\"> </span>deducciones <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>tipos impositivos.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "Los <span class=\"_ _2\"></span>activos <span class=\"_ _2\"></span>o <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>asivos <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>impuesto<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>obre <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>gan<span class=\"_ _3\"></span>ancias <span class=\"_ _2\"></span>corrientes <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>aloran <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>can<span class=\"_ _3\"></span>tidades <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>espera pagar <span class=\"_ _f\"></span>o <span class=\"_ _3\"></span>recuperar <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>autoridades <span class=\"_ _3\"></span>fiscales, <span class=\"_ _f\"></span>utilizando <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>normativa <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tipos <span class=\"_ _f\"></span>impositivos <span class=\"_ _3\"></span>aprob<span class=\"_ _3\"></span>ados <span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>los pa\u00edses que op<span class=\"_ _3\"></span>eran las sociedades del Grup<span class=\"_ _3\"></span>o. La <span class=\"_ _3\"></span>contabilizaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los act<span class=\"_ _3\"></span>ivos y <span class=\"_ _3\"></span>pasivos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>impuesto <span class=\"_ _3\"></span>diferido s<span class=\"_ _3\"></span>e determina <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>diferencias entre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>libros <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>pasivos <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>base <span class=\"_ _f\"></span>fiscal, <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>tilizando <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>tasas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>fiscales <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>espera objetivamente  que <span class=\"_ _13\"> </span>est\u00e9n  en <span class=\"_ _13\"> </span>vigor  cuando  los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>pasivos  se  realice<span class=\"_ _2\"></span>n,  valor <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>coincide  con <span class=\"_ _13\"> </span>el gravamen  vigente <span class=\"_ _13\"> </span>en  cada  momento.  Estos  activos  y <span class=\"_ _13\"> </span>p<span class=\"_ _2\"></span>asivos<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se  re<span class=\"_ _2\"></span>conocen  en <span class=\"_ _13\"> </span>el  Estado  de  Situaci\u00f3n<span class=\"_ _65\"> </span>Financiera consolidado como \u201cno <span class=\"_ _2\"></span>corrientes\u201d, independientemente de <span class=\"_ _2\"></span>la fecha de <span class=\"_ _2\"></span>esperada de <span class=\"_ _2\"></span>realizaci\u00f3n o liquidaci\u00f3n. El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>reconoce con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>car\u00e1cter <span class=\"_ _3\"></span>general <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pasivos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>impuesto <span class=\"_ _3\"></span>diferido <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tod<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>casos. <span class=\"_ _0\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte, los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>impuesto <span class=\"_ _13\"> </span>diferido <span class=\"_ _13\"> </span>s\u00f3lo <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>recon<span class=\"_ _3\"></span>ocen <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>caso <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>cons<span class=\"_ _3\"></span>idere  probable <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _13\"> </span>las entidades cons<span class=\"_ _3\"></span>olidadas van a<span class=\"_ _3\"></span> tener en el futuro suficientes <span class=\"_ _3\"></span>ganancias fis<span class=\"_ _3\"></span>cales contra las que po<span class=\"_ _3\"></span>der hacerlos efectivos. <span class=\"_ _3\"></span>Con <span class=\"_ _f\"></span>ocasi\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>ci<span class=\"_ _3\"></span>erre <span class=\"_ _3\"></span>contable, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>reestima <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>capacid<span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>recuperaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>impuestos diferidos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>activ<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>reconocidos, <span class=\"_ _3\"></span>efectu\u00e1nd<span class=\"_ _3\"></span>ose <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>oportunas <span class=\"_ _f\"></span>correcciones <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>mismos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>cuerdo <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>lo<span class=\"_ _2\"></span>s resultados d<span class=\"_ _3\"></span>e los an\u00e1lisis realizados.<span class=\"_ _65\"> </span>No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cen <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pasivos <span class=\"_ _10\"></span>p<span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>impuestos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _0\"></span>surgen <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>recono<span class=\"_ _3\"></span>cimiento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>del<span class=\"_ _3\"></span> fondo de comercio o<span class=\"_ _3\"></span> de un ac<span class=\"_ _3\"></span>tivo o pas<span class=\"_ _3\"></span>ivo en una <span class=\"_ _3\"></span>transacci\u00f3n que no es<span class=\"_ _3\"></span> una combinaci\u00f3<span class=\"_ _3\"></span>n de negocios y<span class=\"_ _3\"></span> en la <span class=\"_ _f\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>transacci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>afecta <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>result<span class=\"_ _3\"></span>ado <span class=\"_ _0\"></span>contable <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>imponible <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>ien, <span class=\"_ _f\"></span>cuando correspondan <span class=\"_ _18\"> </span>a <span class=\"_ _17\"> </span>diferencias<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>temporarias<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>relacionadas<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>con <span class=\"_ _1a\"> </span>inv<span class=\"_ _3\"></span>ersiones <span class=\"_ _1a\"> </span>en <span class=\"_ _1a\"> </span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _1a\"> </span>depend<span class=\"_ _3\"></span>ientes, asociadas <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>negocios <span class=\"_ _f\"></span>conjuntos <span class=\"_ _f\"></span>sobre <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>tenga <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>capacidad <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trolar <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>momento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _f\"></span><span class=\"ls1a\">u </span>reversi\u00f3n y no fu<span class=\"_ _3\"></span>ese probable que s<span class=\"_ _3\"></span>e produzca su reversi\u00f3n<span class=\"_ _3\"></span> en un futuro previs<span class=\"_ _3\"></span>ible. Si <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>bable <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _10\"> </span>autoridad<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>fiscal <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>aya <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>acept<span class=\"_ _3\"></span>ar <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>tamiento <span class=\"_ _10\"></span>fiscal incierto <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>grupo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tamientos <span class=\"_ _3\"></span>fiscales <span class=\"_ _f\"></span>inciertos, <span class=\"_ _f\"></span>considera <span class=\"_ _3\"></span>dicha <span class=\"_ _f\"></span>incertidumbre <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>determinaci\u00f3n de <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>imponible, <span class=\"_ _19\"> </span>b<span class=\"_ _3\"></span>ases <span class=\"_ _16\"> </span>fiscales, <span class=\"_ _15\"> </span>cr\u00e9ditos <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _19\"> </span>bases <span class=\"_ _19\"> </span>imponibles <span class=\"_ _19\"> </span>negativ<span class=\"_ _3\"></span>as, <span class=\"_ _19\"> </span>deducciones <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>tipos impositivos.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "3.17<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ac<span class=\"_ _3\"></span>tivos no<span class=\"_ _2\"></span> corrientes man<span class=\"_ _2\"></span>tenidos para<span class=\"_ _2\"></span> la venta y Ope<span class=\"_ _2\"></span>raciones </span></span>discontinua<span class=\"_ _2\"></span>das Un <span class=\"_ _2\"></span>activo no <span class=\"_ _d\"></span>corriente<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>grupo enajenable <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>elementos se <span class=\"_ _d\"></span>clasifica como <span class=\"_ _2\"></span>activo m<span class=\"_ _2\"></span>anten<span class=\"_ _3\"></span>ido <span class=\"_ _2\"></span>para la <span class=\"_ _d\"></span>venta cuando su <span class=\"_ _2\"></span>valor se <span class=\"_ _2\"></span>prev\u00e9 recuperar <span class=\"_ _2\"></span>principalmente a <span class=\"_ _2\"></span>trav\u00e9s de <span class=\"_ _2\"></span>su venta, <span class=\"_ _2\"></span>y siem<span class=\"_ _2\"></span>pre que <span class=\"_ _2\"></span>la venta <span class=\"_ _2\"></span>se considere<span class=\"_ _2\"></span> altamente probable, y el a<span class=\"_ _3\"></span>ctivo est\u00e9 disp<span class=\"_ _3\"></span>onible para <span class=\"_ _3\"></span>su venta inmediata en su esta<span class=\"_ _3\"></span>do actual.<span class=\"_ _3\"></span> Estos <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>o gru<span class=\"_ _3\"></span>pos d<span class=\"_ _3\"></span>e enajenaci\u00f3n <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>valoran <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el menor <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>libros <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>el valor <span class=\"_ _3\"></span>estimado <span class=\"_ _3\"></span>de venta deducidos los costes nece<span class=\"_ _2\"></span>sarios para llevarla a cabo y<span class=\"_ _2\"></span> dejan de <span class=\"_ _2\"></span>amortizarse desde el <span class=\"_ _2\"></span>momento en que<span class=\"_ _2\"></span> son <span class=\"_ _f\"></span>clasificados <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>corrient<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>mantenidos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>venta. <span class=\"_ _f\"></span>Anualmente <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>analiza <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>valor contable <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>exceda <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>zonable <span class=\"_ _3\"></span>menos <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e v<span class=\"_ _3\"></span>enta. <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>producirse <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>se realizan las<span class=\"_ _3\"></span> correspond<span class=\"_ _3\"></span>ientes <span class=\"_ _3\"></span>correcciones <span class=\"_ _3\"></span>valorativas <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se incluyen en<span class=\"_ _3\"></span> el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cD<span class=\"_ _f\"></span><span class=\"ff3\">eterioros de <span class=\"_ _3\"></span>valor y<span class=\"_ _3\"></span> </span>resultados p<span class=\"_ _3\"></span>or enajenaci\u00f3n de inmovilizado\u201d d<span class=\"_ _3\"></span>el Estado d<span class=\"_ _3\"></span>e Resultado consolidado<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>corrientes <span class=\"_ _10\"> </span>mantenid<span class=\"_ _3\"></span>os <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>venta  se <span class=\"_ _10\"> </span>presentan <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Sit<span class=\"_ _2\"></span>uaci\u00f3n <span class=\"_ _13\"> </span>Financiera consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"_ _2\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes mantenidos para <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>venta\u201d<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y los <span class=\"_ _d\"></span>pasivo<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>tambi\u00e9n <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>na \u00fanica <span class=\"_ _d\"></span>l\u00ednea denominada <span class=\"_ _2\"></span>\u201cPasivos <span class=\"_ _2\"></span>asociados a<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>activos no corrientes mantenido<span class=\"_ _3\"></span>s para la v<span class=\"_ _3\"></span>enta\u201d.<span class=\"ff3\"> </span>Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _13\"> </span>considera <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>terrumpidas <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>componentes <span class=\"_ _13\"> </span>(unidades <span class=\"_ _10\"> </span>o <span class=\"_ _13\"> </span>grupos <span class=\"_ _10\"> </span>de unidades <span class=\"_ _f\"></span>generadora<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo) <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>representan <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>l\u00ednea <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>\u00e1rea <span class=\"_ _f\"></span>geogr\u00e1fica <span class=\"_ _f\"></span>significativa <span class=\"_ _f\"></span>y que <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ueda <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>siderarse <span class=\"_ _10\"></span>separada <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>resto, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _f\"></span>yan <span class=\"_ _0\"></span>vend<span class=\"_ _3\"></span>ido <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>dispuesto <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _10\"></span>v\u00eda, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>que re\u00fanen las cond<span class=\"_ _3\"></span>iciones descritas par<span class=\"_ _3\"></span>a ser clasificadas como mantenidas<span class=\"_ _3\"></span> para la v<span class=\"_ _3\"></span>enta.<span class=\"_ _3\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"_ _2\"></span>operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>Resultado <span class=\"_ _1a\"> </span>consolidado <span class=\"_ _1a\"> </span>denominada <span class=\"_ _1a\"> </span>\u201cResultado<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>del <span class=\"_ _1a\"> </span>ejercicio <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rocedente <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>operaciones interrumpidas neto d<span class=\"_ _3\"></span>e impuestos<span class=\"_ _3\"></span>\u201d.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "3.17<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ac<span class=\"_ _3\"></span>tivos no<span class=\"_ _2\"></span> corrientes man<span class=\"_ _2\"></span>tenidos para<span class=\"_ _2\"></span> la venta y Ope<span class=\"_ _2\"></span>raciones </span></span>discontinua<span class=\"_ _2\"></span>das Un <span class=\"_ _2\"></span>activo no <span class=\"_ _d\"></span>corriente<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>grupo enajenable <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>elementos se <span class=\"_ _d\"></span>clasifica como <span class=\"_ _2\"></span>activo m<span class=\"_ _2\"></span>anten<span class=\"_ _3\"></span>ido <span class=\"_ _2\"></span>para la <span class=\"_ _d\"></span>venta cuando su <span class=\"_ _2\"></span>valor se <span class=\"_ _2\"></span>prev\u00e9 recuperar <span class=\"_ _2\"></span>principalmente a <span class=\"_ _2\"></span>trav\u00e9s de <span class=\"_ _2\"></span>su venta, <span class=\"_ _2\"></span>y siem<span class=\"_ _2\"></span>pre que <span class=\"_ _2\"></span>la venta <span class=\"_ _2\"></span>se considere<span class=\"_ _2\"></span> altamente probable, y el a<span class=\"_ _3\"></span>ctivo est\u00e9 disp<span class=\"_ _3\"></span>onible para <span class=\"_ _3\"></span>su venta inmediata en su esta<span class=\"_ _3\"></span>do actual.<span class=\"_ _3\"></span> Estos <span class=\"_ _3\"></span>activos <span class=\"_ _3\"></span>o gru<span class=\"_ _3\"></span>pos d<span class=\"_ _3\"></span>e enajenaci\u00f3n <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>valoran <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el menor <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>libros <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>el valor <span class=\"_ _3\"></span>estimado <span class=\"_ _3\"></span>de venta deducidos los costes nece<span class=\"_ _2\"></span>sarios para llevarla a cabo y<span class=\"_ _2\"></span> dejan de <span class=\"_ _2\"></span>amortizarse desde el <span class=\"_ _2\"></span>momento en que<span class=\"_ _2\"></span> son <span class=\"_ _f\"></span>clasificados <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>no <span class=\"_ _3\"></span>corrient<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>mantenidos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>venta. <span class=\"_ _f\"></span>Anualmente <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>analiza <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>valor contable <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>exceda <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>zonable <span class=\"_ _3\"></span>menos <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e v<span class=\"_ _3\"></span>enta. <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>producirse <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _3\"></span>se realizan las<span class=\"_ _3\"></span> correspond<span class=\"_ _3\"></span>ientes <span class=\"_ _3\"></span>correcciones <span class=\"_ _3\"></span>valorativas <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se incluyen en<span class=\"_ _3\"></span> el <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _3\"></span>\u201cD<span class=\"_ _f\"></span><span class=\"ff3\">eterioros de <span class=\"_ _3\"></span>valor y<span class=\"_ _3\"></span> </span>resultados p<span class=\"_ _3\"></span>or enajenaci\u00f3n de inmovilizado\u201d d<span class=\"_ _3\"></span>el Estado d<span class=\"_ _3\"></span>e Resultado consolidado<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>corrientes <span class=\"_ _10\"> </span>mantenid<span class=\"_ _3\"></span>os <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>venta  se <span class=\"_ _10\"> </span>presentan <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Sit<span class=\"_ _2\"></span>uaci\u00f3n <span class=\"_ _13\"> </span>Financiera consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"_ _2\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes mantenidos para <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>venta\u201d<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y los <span class=\"_ _d\"></span>pasivo<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>tambi\u00e9n <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>na \u00fanica <span class=\"_ _d\"></span>l\u00ednea denominada <span class=\"_ _2\"></span>\u201cPasivos <span class=\"_ _2\"></span>asociados a<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>activos no corrientes mantenido<span class=\"_ _3\"></span>s para la v<span class=\"_ _3\"></span>enta\u201d.<span class=\"ff3\"> </span>Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _13\"> </span>considera <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>terrumpidas <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>componentes <span class=\"_ _13\"> </span>(unidades <span class=\"_ _10\"> </span>o <span class=\"_ _13\"> </span>grupos <span class=\"_ _10\"> </span>de unidades <span class=\"_ _f\"></span>generadora<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo) <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>representan <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>l\u00ednea <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>\u00e1rea <span class=\"_ _f\"></span>geogr\u00e1fica <span class=\"_ _f\"></span>significativa <span class=\"_ _f\"></span>y que <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ueda <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>siderarse <span class=\"_ _10\"></span>separada <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>resto, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _f\"></span>yan <span class=\"_ _0\"></span>vend<span class=\"_ _3\"></span>ido <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>dispuesto <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _10\"></span>v\u00eda, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>que re\u00fanen las cond<span class=\"_ _3\"></span>iciones descritas par<span class=\"_ _3\"></span>a ser clasificadas como mantenidas<span class=\"_ _3\"></span> para la v<span class=\"_ _3\"></span>enta.<span class=\"_ _3\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"_ _2\"></span>operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>Resultado <span class=\"_ _1a\"> </span>consolidado <span class=\"_ _1a\"> </span>denominada <span class=\"_ _1a\"> </span>\u201cResultado<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>del <span class=\"_ _1a\"> </span>ejercicio <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rocedente <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>operaciones interrumpidas neto d<span class=\"_ _3\"></span>e impuestos<span class=\"_ _3\"></span>\u201d.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _13\"> </span>considera <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span>terrumpidas <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>componentes <span class=\"_ _13\"> </span>(unidades <span class=\"_ _10\"> </span>o <span class=\"_ _13\"> </span>grupos <span class=\"_ _10\"> </span>de unidades <span class=\"_ _f\"></span>generadora<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>efectivo) <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>representan <span class=\"_ _f\"></span>una <span class=\"_ _0\"></span>l\u00ednea <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>\u00e1rea <span class=\"_ _f\"></span>geogr\u00e1fica <span class=\"_ _f\"></span>significativa <span class=\"_ _f\"></span>y que <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ueda <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>siderarse <span class=\"_ _10\"></span>separada <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>resto, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _f\"></span>yan <span class=\"_ _0\"></span>vend<span class=\"_ _3\"></span>ido <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>dispuesto <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _10\"></span>v\u00eda, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>que re\u00fanen las cond<span class=\"_ _3\"></span>iciones descritas par<span class=\"_ _3\"></span>a ser clasificadas como mantenidas<span class=\"_ _3\"></span> para la v<span class=\"_ _3\"></span>enta.<span class=\"_ _3\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"_ _2\"></span>operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>Resultado <span class=\"_ _1a\"> </span>consolidado <span class=\"_ _1a\"> </span>denominada <span class=\"_ _1a\"> </span>\u201cResultado<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>del <span class=\"_ _1a\"> </span>ejercicio <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rocedente <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>operaciones interrumpidas neto d<span class=\"_ _3\"></span>e impuestos<span class=\"_ _3\"></span>\u201d.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "3.18<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Beneficio por acci\u00f3n </span></span>El <span class=\"_ _0\"></span>beneficio <span class=\"_ _f\"></span>b\u00e1s<span class=\"_ _3\"></span>ico <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>acci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>calcula <span class=\"_ _0\"></span>como <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>cociente <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>\u201cBeneficio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>atribuible <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la Sociedad <span class=\"_ _f\"></span>Dominan<span class=\"_ _3\"></span>te\u201d <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>n\u00famero <span class=\"_ _f\"></span>m<span class=\"_ _3\"></span>edio <span class=\"_ _f\"></span>pon<span class=\"_ _3\"></span>derado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>acciones <span class=\"_ _f\"></span>ord<span class=\"_ _3\"></span>inarias <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>circulaci\u00f3n <span class=\"_ _0\"></span>durante <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>icho per\u00edodo, <span class=\"_ _13\"> </span>sin <span class=\"_ _13\"> </span>incluir <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>n\u00famero <span class=\"_ _13\"> </span>medio <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>acciones <span class=\"_ _13\"> </span>propias <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>Sociedad <span class=\"_ _13\"> </span>Dominante <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>cartera <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> sociedades del Grupo<span class=\"_ _3\"></span>. Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>beneficio <span class=\"_ _0\"></span>diluid<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>acci\u00f3n <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>calcula <span class=\"_ _10\"></span>co<span class=\"_ _2\"></span>mo <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>cociente <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _10\"> </span><span class=\"ff6\">\u201c<span class=\"_ _3\"></span>Beneficio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio </span>atribuible <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Do<span class=\"_ _3\"></span>minante\u201d <span class=\"_ _0\"></span><span class=\"ff3\">y <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>n\u00famero <span class=\"_ _0\"></span>medio <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>onderado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>acciones<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ordinarias<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>circulaci\u00f3n<span class=\"_ _3\"></span> </span>durante el periodo, ajustado por <span class=\"_ _2\"></span>el promedio ponderado de <span class=\"_ _2\"></span>las acciones ordinarias que <span class=\"_ _2\"></span>ser\u00edan emitidas si <span class=\"_ _2\"></span>se convirtieran <span class=\"_ _13\"> </span>todas <span class=\"_ _13\"> </span>la<span class=\"_ _2\"></span>s <span class=\"_ _13\"> </span>accione<span class=\"_ _2\"></span>s <span class=\"_ _13\"> </span>potenciales <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>acciones <span class=\"_ _10\"> </span>ord<span class=\"_ _3\"></span>inarias. <span class=\"_ _13\"> </span>A <span class=\"_ _10\"> </span>estos <span class=\"_ _13\"> </span>efe<span class=\"_ _2\"></span>cto<span class=\"_ _3\"></span>s <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>cons<span class=\"_ _3\"></span>idera <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"> </span>la<span class=\"_ _65\"> </span>conversi\u00f3n tiene lugar al comienzo del <span class=\"_ _2\"></span>periodo o en el <span class=\"_ _2\"></span>momento de la e<span class=\"_ _2\"></span>misi\u00f3n de las acciones potenciales s<span class=\"_ _2\"></span>i estas se hu<span class=\"_ _3\"></span>biesen puesto en circulaci\u00f3n d<span class=\"_ _3\"></span>urante el propio periodo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "3.19<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Tr<span class=\"_ _3\"></span>ansacc<span class=\"_ _2\"></span>iones con partes vin<span class=\"_ _2\"></span>culadas </span></span>El Grupo realiza tod<span class=\"_ _3\"></span>as sus operaciones con p<span class=\"_ _3\"></span>artes vinculad<span class=\"_ _3\"></span>as a valores de mercado.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "S<span class=\"_ _3\"></span>aldos y t<span class=\"_ _2\"></span>ransacciones en <span class=\"_ _2\"></span>moneda diferen<span class=\"_ _2\"></span>te al euro<span class=\"_ _65\"> </span>Las <span class=\"_ _3\"></span>cuentas <span class=\"_ _3\"></span>anu<span class=\"_ _3\"></span>ales <span class=\"_ _3\"></span>consolidadas <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>presentan <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>euros<span class=\"_ _3\"></span>, q<span class=\"_ _3\"></span>ue es<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>mon<span class=\"_ _3\"></span>eda <span class=\"_ _3\"></span>funcional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e presenta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>de la Sociedad Dominante.<span class=\"_ _3\"></span> La <span class=\"_ _2\"></span>conversi\u00f3n <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>euros<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>los cr\u00e9ditos <span class=\"_ _d\"></span>y d\u00e9bitos <span class=\"_ _d\"></span>expresados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>en m<span class=\"_ _2\"></span>oneda <span class=\"_ _2\"></span>diferente <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>euro <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>realiza<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ap<span class=\"_ _3\"></span>licando el <span class=\"_ _2\"></span>tipo de <span class=\"_ _2\"></span>cambio vigente e<span class=\"_ _2\"></span>n el momento <span class=\"_ _2\"></span>de efectuar <span class=\"_ _2\"></span>la correspondiente operaci\u00f3n, <span class=\"_ _2\"></span>ajust\u00e1ndos<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>dicho valor en  cada <span class=\"_ _13\"> </span>cierre  y <span class=\"_ _13\"> </span>hasta  su  cancelaci\u00f3n  en  funci\u00f3n  de <span class=\"_ _13\"> </span>la  evoluci\u00f3n  del <span class=\"_ _13\"> </span>tipo  de  cambio. <span class=\"_ _13\"> </span>Los  activos  no monetarios <span class=\"_ _2\"></span>denominados <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>moneda <span class=\"_ _2\"></span>extranjera, <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>oco <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>ignificativos e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>ENCE, <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>conv<span class=\"_ _3\"></span>ierten <span class=\"_ _2\"></span>aplicando <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>tipo de cambio aplicable en la f<span class=\"_ _3\"></span>echa en la q<span class=\"_ _3\"></span>ue el activo se incorpo<span class=\"_ _3\"></span>r\u00f3 al Grupo.<span class=\"_ _3\"></span> Las diferencias <span class=\"_ _2\"></span>de cambio que resultan <span class=\"_ _2\"></span>del cobro <span class=\"_ _2\"></span>o pago de <span class=\"_ _2\"></span>cr\u00e9ditos o <span class=\"_ _2\"></span>deudas en m<span class=\"_ _2\"></span>oneda diferente del euro y <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>resultan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>valorar <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>entas <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cobrar <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>pagar <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>moneda <span class=\"_ _f\"></span>diferente <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>euro <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>cada <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>de cierre, d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>vige<span class=\"_ _3\"></span>nte <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ese <span class=\"_ _3\"></span>momento, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>imputan <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>gasto financiero en el period<span class=\"_ _3\"></span>o en que se prod<span class=\"_ _3\"></span>ucen.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "3.21<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Estado de flujos de efectiv<span class=\"_ _2\"></span>o  </span></span>En los estados de flujos de ef<span class=\"_ _2\"></span>ectivo consolidados, preparados de acuerdo al m\u00e9todo indirecto, se utilizan las siguientes expresiones<span class=\"_ _3\"></span> en los siguientes s<span class=\"_ _3\"></span>entidos: 1.<span class=\"ls0_1\"> <span class=\"_ _1e\"> </span>Flujos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>efectivo: <span class=\"_ _10\"> </span>entradas <span class=\"_ _13\"> </span>y <span class=\"_ _10\"></span>salidas <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _10\"></span>y <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>su<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>equivalent<span class=\"_ _3\"></span>es, <span class=\"_ _10\"> </span>entendiendo <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>\u00e9stos <span class=\"_ _10\"> </span>las </span>inversiones a co<span class=\"_ _3\"></span>rto plazo (inferior a 3 meses) d<span class=\"_ _3\"></span>e gran liquidez y baj<span class=\"_ _3\"></span>o riesgo de alteraciones en s<span class=\"_ _3\"></span>u valor. <span class=\"_ _f\"></span> 2.<span class=\"ls0_1\"> <span class=\"_ _1e\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>explotaci\u00f3n<span class=\"_ _3\"></span>: <span class=\"_ _f\"></span>actividades <span class=\"_ _0\"></span>t\u00edpicas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>entidades <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>forman <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>tras </span>actividades q<span class=\"_ _3\"></span>ue no pueden ser calificadas co<span class=\"_ _3\"></span>mo de inversi\u00f3n<span class=\"_ _3\"></span> o de financiaci\u00f3n.<span class=\"_ _3\"></span> 3.<span class=\"ls0_1\"> <span class=\"_ _1e\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>invers<span class=\"_ _3\"></span>i\u00f3n: <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>enajenaci\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>disposici\u00f3n <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _f\"></span>otros <span class=\"_ _0\"></span>medios <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _f\"></span>a </span>largo plazo y o<span class=\"_ _3\"></span>tras inversiones no incluid<span class=\"_ _3\"></span>as en el efectivo y sus<span class=\"_ _3\"></span> equivalentes.<span class=\"_ _3\"></span> 4.<span class=\"ls0_1\"> <span class=\"_ _1e\"> </span>Actividades <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>financiaci\u00f3n: <span class=\"_ _16\"> </span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>prod<span class=\"_ _3\"></span>ucen <span class=\"_ _16\"> </span>cambios <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>ta<span class=\"_ _3\"></span>ma\u00f1o <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>composici\u00f3n <span class=\"_ _19\"> </span>del </span>patrimonio neto y d<span class=\"_ _3\"></span>e los pasivos que n<span class=\"_ _3\"></span>o forman parte de las activid<span class=\"_ _3\"></span>ades de explotaci\u00f3n.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "3.22<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ac<span class=\"_ _3\"></span>tividad<span class=\"_ _2\"></span>es con impacto en<span class=\"_ _2\"></span> el Medio Ambiente </span></span>Se <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>ideran <span class=\"_ _3\"></span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _f\"></span>medioambientales <span class=\"_ _f\"></span>aquellas <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>peraciones <span class=\"_ _f\"></span>desarrolladas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>yo <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rop\u00f3sito principal <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>proteger, <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>educir <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>eparar <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>da\u00f1o, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>mo <span class=\"_ _0\"></span>resultado <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>act<span class=\"_ _3\"></span>ividades <span class=\"_ _10\"></span>se <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>ueda producir sob<span class=\"_ _3\"></span>re el medio ambiente.<span class=\"_ _3\"></span> Los gastos <span class=\"_ _d\"></span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las act<span class=\"_ _2\"></span>ividades me<span class=\"_ _2\"></span>dioambientales se <span class=\"_ _2\"></span>reconocen <span class=\"_ _2\"></span>como \u201cOtros <span class=\"_ _d\"></span>gas<span class=\"_ _3\"></span>tos de <span class=\"_ _d\"></span>explotaci\u00f3n\u201d en el ejercicio en el qu<span class=\"_ _3\"></span>e se incurren. Los elementos d<span class=\"_ _3\"></span>el inmovilizado material ad<span class=\"_ _3\"></span>quiridos con<span class=\"_ _3\"></span> el objeto de s<span class=\"_ _3\"></span>er utilizados de for<span class=\"_ _3\"></span>ma duradera en s<span class=\"_ _3\"></span>u actividad y cu<span class=\"_ _3\"></span>ya finalidad principal es la minimizac<span class=\"_ _3\"></span>i\u00f3n del impacto medioa<span class=\"_ _3\"></span>mbiental y la p<span class=\"_ _3\"></span>rotecci\u00f3n y mejora<span class=\"_ _3\"></span> del <span class=\"_ _3\"></span>medio <span class=\"_ _f\"></span>ambiente, <span class=\"_ _f\"></span>incluyendo <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>reducci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>eliminaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>conta<span class=\"_ _3\"></span>minaci\u00f3n <span class=\"_ _3\"></span>futu<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>operaciones del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>reconocen <span class=\"_ _10\"> </span>como <span class=\"_ _10\"></span>activos <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>aplicaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>criterios<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>valoraci\u00f3n, <span class=\"_ _10\"> </span>presentaci\u00f3n <span class=\"_ _10\"></span>y desglose consis<span class=\"_ _3\"></span>tentes con los que s<span class=\"_ _3\"></span>e mencionan <span class=\"_ _3\"></span>en los apartado<span class=\"_ _3\"></span>s 3.2 y 3.3 de esta mis<span class=\"_ _3\"></span>ma No<span class=\"_ _3\"></span><span class=\"ls23\">ta</span>. Las <span class=\"_ _10\"> </span>pro<span class=\"_ _3\"></span>visiones <span class=\"_ _10\"> </span>relativas <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>responsabilidades <span class=\"_ _10\"> </span>pro<span class=\"_ _3\"></span>bables <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>ciertas, <span class=\"_ _10\"> </span>litigios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>curs<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>indemnizacion<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span> obligaciones <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>endientes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>c<span class=\"_ _3\"></span>uant\u00eda <span class=\"_ _13\"> </span>indeterminada <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>naturaleza <span class=\"_ _13\"> </span>medioambiental, <span class=\"_ _10\"> </span>no <span class=\"_ _13\"> </span>cubiertas <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>las p\u00f3lizas <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>seguros <span class=\"_ _0\"></span>suscritas, <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>constitu<span class=\"_ _3\"></span>yen <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>moment<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>acimiento <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>respo<span class=\"_ _3\"></span>nsabilid<span class=\"_ _3\"></span>ad <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>la obligaci\u00f3n <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>determina <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>indemnizaci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>pago. <span class=\"_ _10\"> </span>No <span class=\"_ _10\"></span>hay <span class=\"_ _0\"></span>provisiones <span class=\"_ _10\"></span>relevantes <span class=\"_ _0\"></span>constituidas <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>este concepto al cierre de 202<span class=\"_ _3\"></span><span class=\"ls10\">5 </span>y 2024.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "4.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Estimaciones y juicios contables </span></span>La <span class=\"_ _f\"></span>preparaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>estas <span class=\"_ _f\"></span>cuentas <span class=\"_ _f\"></span>anuales<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>consolidadas <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _f\"></span>principio<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>contables <span class=\"_ _f\"></span>generalmente aceptados <span class=\"_ _10\"></span>requiere <span class=\"_ _0\"></span>llevar <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cabo <span class=\"_ _10\"></span>asunciones <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>estimaciones <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>afectan <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>aloraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _10\"></span>y<span class=\"_ _2\"></span> pasivos <span class=\"_ _0\"></span>registrados, <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>presentaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>pasivos <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>tingentes, <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _f\"></span>como <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>gasto<span class=\"_ _3\"></span>s reconocidos <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>lo <span class=\"_ _19\"> </span>largo <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>ejercicio. <span class=\"_ _15\"> </span>Los <span class=\"_ _15\"> </span>resultado<span class=\"_ _3\"></span>s <span class=\"_ _19\"> </span>actu<span class=\"_ _3\"></span>ales <span class=\"_ _19\"> </span>pod<span class=\"_ _3\"></span>r\u00edan <span class=\"_ _19\"> </span>diferir <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>manera <span class=\"_ _15\"> </span>significativa dependiendo de las<span class=\"_ _3\"></span> estimaciones realizadas<span class=\"_ _3\"></span>.  Las pol\u00edticas <span class=\"_ _2\"></span>contables y <span class=\"_ _2\"></span>operaciones que <span class=\"_ _2\"></span>incorporan asunciones <span class=\"_ _2\"></span>y es<span class=\"_ _2\"></span>timaciones con <span class=\"_ _2\"></span>un impacto <span class=\"_ _2\"></span>significativo en estas cuentas<span class=\"_ _3\"></span> anuales consolidadas<span class=\"_ _3\"></span> son las siguientes:<span class=\"_ _3\"></span> Control sobr<span class=\"_ _3\"></span>e MAGNON Con fecha <span class=\"_ _3\"></span>20 de <span class=\"_ _3\"></span>diciembre de <span class=\"_ _3\"></span>2020, E<span class=\"_ _3\"></span>nce Energ\u00eda <span class=\"_ _3\"></span>y Celulosa,<span class=\"_ _3\"></span> S.A. llev\u00f3<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>cabo la <span class=\"_ _3\"></span>venta de un<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>participaci\u00f3n minoritaria del 49% de la filial<span class=\"_ _3\"></span> Magnon Green Energy, S.L<span class=\"_ _3\"></span>., holding del Negocio E<span class=\"_ _3\"></span>nerg\u00eda de ENCE<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> ENCE, a <span class=\"_ _2\"></span>trav\u00e9s <span class=\"_ _2\"></span>de ENCE <span class=\"_ _2\"></span>Renovables, e<span class=\"_ _2\"></span>jerce control <span class=\"_ _2\"></span>sobre Magnon <span class=\"_ _2\"></span>Green <span class=\"_ _2\"></span>Energy, S.L. <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>sus f<span class=\"_ _2\"></span>iliales de <span class=\"_ _2\"></span>acuerdo a <span class=\"_ _f\"></span>lo <span class=\"_ _0\"></span>establecido <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>\u201cNIIF <span class=\"_ _f\"></span>10 <span class=\"_ _f\"></span>Estado<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>Financieros <span class=\"_ _0\"></span>Consolidados\u201d <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>tener <span class=\"_ _f\"></span>pod<span class=\"_ _3\"></span>er <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>dirigir <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _f\"></span>actividades relevantes, e<span class=\"_ _2\"></span>star expuesto <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>rendimie<span class=\"_ _2\"></span>ntos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>variables como <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>secuencia <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>participaci\u00f3n en <span class=\"_ _d\"></span>la participada y tener la capacidad<span class=\"_ _3\"></span> de ejercer dicho pod<span class=\"_ _3\"></span>er para influir en sus p<span class=\"_ _3\"></span>ropios rendimientos.<span class=\"_ _3\"></span> En la evaluaci\u00f3<span class=\"_ _3\"></span>n de la existencia de control, s<span class=\"_ _3\"></span>e han considerado los<span class=\"_ _3\"></span> siguientes factores: <span class=\"_ _f\"></span> Mayor\u00eda accion<span class=\"_ _3\"></span>arial, qu<span class=\"_ _3\"></span>e otorga, con <span class=\"_ _3\"></span>car\u00e1cter general, <span class=\"_ _3\"></span>mayor\u00eda <span class=\"_ _3\"></span>en las <span class=\"_ _3\"></span>decisiones su<span class=\"_ _3\"></span>stantivas del <span class=\"_ _3\"></span>Consejo de Administraci\u00f3n  y<span class=\"_ _3\"></span>  la  Junta  General  de  Accionistas<span class=\"_ _3\"></span>,  entre  ellas,  el  nombra<span class=\"_ _3\"></span>miento  de  la  mayor\u00eda  d<span class=\"_ _3\"></span>e  los miembros del Cons<span class=\"_ _3\"></span>ejo de Administraci\u00f3n.<span class=\"_ _65\"> </span>Se ha suscrito un <span class=\"_ _2\"></span>pacto de accionistas entre <span class=\"_ _2\"></span>ENCE y el <span class=\"_ _2\"></span>minoritario que tiene por objeto <span class=\"_ _2\"></span>otorgar a este \u00faltimo una s<span class=\"_ _3\"></span>erie de der<span class=\"_ _3\"></span>echos p<span class=\"_ _3\"></span>rotectivos, <span class=\"_ _3\"></span>m\u00ednimos y<span class=\"_ _3\"></span> habitu<span class=\"_ _3\"></span>ales en <span class=\"_ _3\"></span>este tipo <span class=\"_ _3\"></span>de tran<span class=\"_ _3\"></span>sacciones, <span class=\"_ _3\"></span>dirigidos <span class=\"_ _3\"></span>a pro<span class=\"_ _3\"></span>teger su <span class=\"_ _10\"></span>participaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>49%<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>(el <span class=\"_ _10\"></span>minoritario <span class=\"_ _10\"> </span>no <span class=\"_ _10\"></span>mantiene <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"></span>sustantivos). <span class=\"_ _10\"> </span>En <span class=\"_ _10\"> </span>este <span class=\"_ _10\"></span>sentido, <span class=\"_ _0\"></span>1) <span class=\"_ _13\"> </span>Plan <span class=\"_ _10\"></span>de negocio  y <span class=\"_ _13\"> </span>presupuesto  anual:  el <span class=\"_ _13\"> </span>minoritario  ha  aceptado <span class=\"_ _13\"> </span>el  plan <span class=\"_ _13\"> </span>de  negocio <span class=\"_ _13\"> </span>de  ENCE  que <span class=\"_ _13\"> </span>contempla presupuestos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>anuales <span class=\"_ _f\"></span>hasta <span class=\"_ _f\"></span>2080, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>tendr\u00e1 <span class=\"_ _f\"></span>derecho <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>veto <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>i <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>plantean <span class=\"_ _f\"></span>modificaciones <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>esupuesto<span class=\"_ _65\"> </span>anual en al menos un 15% <span class=\"_ _2\"></span>en los eleme<span class=\"_ _2\"></span>ntos considerado<span class=\"_ _3\"></span>s esenciales del presupuesto, 2)<span class=\"_ _3\"></span> Nombramiento del equipo <span class=\"_ _0\"></span>directivo: <span class=\"_ _10\"></span>ENCE <span class=\"_ _0\"></span>nombra <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>primer <span class=\"_ _0\"></span>ejecutivo, <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>mino<span class=\"_ _3\"></span>ritario <span class=\"_ _0\"></span>nombra <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>director <span class=\"_ _f\"></span>financiero, <span class=\"_ _10\"></span>cuyas responsabilid<span class=\"_ _3\"></span>ades <span class=\"_ _f\"></span>est\u00e1n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>vinculadas <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>esarrollo <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Negocio <span class=\"_ _f\"></span>ind<span class=\"_ _3\"></span>icado <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>artado <span class=\"_ _0\"></span>anterior, <span class=\"_ _0\"></span>3) Contratos <span class=\"_ _2\"></span>relevantes <span class=\"_ _2\"></span>(vinculad<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>inversi\u00f3n, <span class=\"_ _2\"></span>suministro <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>operaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las <span class=\"_ _2\"></span>plantas): <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>minoritario <span class=\"_ _2\"></span>podr\u00e1 oponerse <span class=\"_ _13\"> </span>s\u00f3lo <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>determinadas <span class=\"_ _13\"> </span>situaciones <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>que <span class=\"_ _13\"> </span>dicha <span class=\"_ _10\"> </span>contrataci\u00f3n <span class=\"_ _13\"> </span>pueda <span class=\"_ _10\"> </span>prov<span class=\"_ _3\"></span>oca<span class=\"_ _3\"></span>r <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>erjuicio material <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>tereses <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>negocio <span class=\"_ _0\"></span>(derecho <span class=\"_ _0\"></span>protectivo), <span class=\"_ _0\"></span>4) <span class=\"_ _f\"></span>Decision<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>no contempladas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Plan <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ENCE <span class=\"_ _10\"> </span>aceptado <span class=\"_ _10\"> </span>por <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>minoritario: <span class=\"_ _10\"> </span>requieren <span class=\"_ _10\"> </span>mayor\u00eda <span class=\"_ _10\"></span>reforzada decisiones por encima de <span class=\"_ _3\"></span>20 millon<span class=\"_ _3\"></span><span class=\"ff6\">es \u20ac, 5) En to<span class=\"_ _3\"></span>do aquello n<span class=\"_ _3\"></span>o recogido en el pacto, s<span class=\"_ _3\"></span>e seguir\u00e1n la<span class=\"_ _3\"></span>s pol\u00edticas </span>de ENCE, y 6) <span class=\"_ _2\"></span>la gesti\u00f3n del <span class=\"_ _2\"></span>Negocio Energ\u00eda es dependiente de <span class=\"_ _2\"></span>ENCE por su experie<span class=\"_ _2\"></span>ncia t\u00e9cnica y de gesti\u00f3n del negocio (ya que el m<span class=\"_ _3\"></span>inoritario no tiene dicha<span class=\"_ _3\"></span> experiencia).<span class=\"_ _3\"></span> Contrapre<span class=\"_ _3\"></span>staciones contingentes<span class=\"_ _3\"></span> Las  contraprestacion<span class=\"_ _3\"></span>es  contingentes  consideradas<span class=\"_ _3\"></span>  entre  las  partes  derivadas  de <span class=\"_ _16\"> </span>compras<span class=\"_ _3\"></span>  y  ventas  de participaciones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>sociedades <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>ependientes <span class=\"_ _3\"></span>sin <span class=\"_ _3\"></span>p\u00e9rdida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>control <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>valoran<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>tod<span class=\"_ _3\"></span>o momento <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span> v<span class=\"_ _3\"></span>alor razonable.  El <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>mantiene <span class=\"_ _f\"></span>sald<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cobrar<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>concepto <span class=\"_ _0\"></span>asociados <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>venta <span class=\"_ _f\"></span>en 2020 d<span class=\"_ _3\"></span>el 49% <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capital <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Magnon <span class=\"_ _3\"></span>Green <span class=\"_ _3\"></span>Energy, <span class=\"_ _3\"></span>S.L. <span class=\"_ _3\"></span>y de <span class=\"_ _f\"></span>Ence <span class=\"_ _3\"></span>Energ\u00eda <span class=\"_ _3\"></span>Solar, <span class=\"_ _3\"></span>S.L. <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>13.463 miles <span class=\"_ _d\"></span>\u20ac <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span><span class=\"ff3 ls10\">1.453 <span class=\"_ _d\"></span><span class=\"ff6 ls0_1\">miles<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>\u20ac, <span class=\"_ _2\"></span>respectivamente, y <span class=\"_ _d\"></span>saldos <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>agar <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>importe <span class=\"_ _d\"></span>de<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"_ _2\"></span>3.642 <span class=\"_ _d\"></span><span class=\"ff6\">miles <span class=\"_ _2\"></span>\u20ac <span class=\"_ _2\"></span>asociados <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>compra </span></span></span></span>del 98% del capital Biom<span class=\"_ _3\"></span>etag\u00e1s la Galera, S.L<span class=\"_ _3\"></span>. (v\u00e9ans<span class=\"_ _3\"></span>e Notas 6, 27 y 29<span class=\"ls18\">).<span class=\"_ _3\"></span></span> El <span class=\"_ _3\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>estimad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cada <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traprestaci\u00f3n <span class=\"_ _f\"></span>contingente, <span class=\"_ _f\"></span>considerando <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>flujos <span class=\"_ _f\"></span>de caja previs<span class=\"_ _3\"></span>tos en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>distintos escenarios<span class=\"_ _3\"></span>, que <span class=\"_ _3\"></span>ha p<span class=\"_ _3\"></span>onderado por <span class=\"_ _3\"></span>las p<span class=\"_ _3\"></span>robabilidades d<span class=\"_ _3\"></span>e ocurrencia <span class=\"_ _3\"></span>estimada de cada uno. Dichos flujos de <span class=\"_ _2\"></span>caja se estiman considerando como principales asunciones; la probabilidad de lograr cada objetivo de la contraprestaci\u00f3n contingente, <span class=\"ls17\">y </span>los plazos de consecuci\u00f3n estimados<span class=\"ls13\">. </span>Cambios en las asun<span class=\"_ _3\"></span>ciones podr\u00e1n t<span class=\"_ _3\"></span>ener un impacto en la<span class=\"_ _3\"></span>s contrapresta<span class=\"_ _3\"></span>ciones contingentes r<span class=\"_ _3\"></span>econoci<span class=\"_ _f\"></span>das en los esta<span class=\"_ _3\"></span>dos financieros. <span class=\"_ _2\"></span>En <span class=\"_ _2\"></span>este <span class=\"_ _d\"></span>sentido, la<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>recuperabilidad <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>contraprestaci\u00f3n <span class=\"_ _2\"></span>vinculada <span class=\"_ _d\"></span>a la<span class=\"_ _2\"></span> <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>enta <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>49% <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>capital de <span class=\"_ _3\"></span>Magno<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>Green <span class=\"_ _f\"></span>Energy, <span class=\"_ _f\"></span>S.L. <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span>peditada <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>haya <span class=\"_ _3\"></span>subas<span class=\"_ _3\"></span>tas <span class=\"_ _3\"></span>regulatorias<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>medio <span class=\"_ _f\"></span>plazo, <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>el Grupo sea adjudicatario en dos proyectos y que como <span class=\"_ _2\"></span>resultado de la subasta ambos proyectos alcancen un determinado <span class=\"_ _f\"></span>nivel <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>rentab<span class=\"_ _3\"></span>ilidad<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _f\"></span></span>El <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>reevaluado <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>cumplimiento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _f\"></span>objetivos <span class=\"_ _f\"></span>estimando poco <span class=\"_ _f\"></span>pro<span class=\"_ _3\"></span>bable <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>ellos <span class=\"_ _f\"></span>vincu<span class=\"_ _3\"></span>lado <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>plazos <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>constru<span class=\"_ _3\"></span>cci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>plantas. <span class=\"_ _0\"></span>Esta reevaluaci\u00f3n <span class=\"_ _10\"></span>ha <span class=\"_ _0\"></span>supuesto <span class=\"_ _10\"></span>la <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>isminuci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>activo <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>6.700 <span class=\"_ _10\"></span>mile<span class=\"_ _2\"></span>s <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>ros, <span class=\"_ _0\"></span>cuya contrapartida se <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>registrado <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el e<span class=\"_ _2\"></span>p\u00edgrafe \u201cVariaci\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>valor razonable <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>instrumento<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>financieros\u201d del Estado de Resultad<span class=\"_ _3\"></span>o consolidado del ejercicio 2025.<span class=\"_ _f\"></span> Los <span class=\"_ _10\"></span>cambios <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>asun<span class=\"_ _3\"></span>ciones <span class=\"_ _0\"></span>consid<span class=\"_ _3\"></span>eradas <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>eterminaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>contrapres<span class=\"_ _3\"></span>taci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>reconocer\u00e1n<span class=\"_ _3\"></span> como <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ingreso<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>gasto <span class=\"_ _3\"></span>financiero, <span class=\"_ _f\"></span>seg\u00fan <span class=\"_ _3\"></span>correspon<span class=\"_ _3\"></span>da, <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _f\"></span>(v\u00e9ase <span class=\"_ _f\"></span>Nota 13).<span class=\"ls0_1\"> </span>Vidas \u00fatiles de activos m<span class=\"_ _3\"></span>ateriales e intangibles y costes d<span class=\"_ _3\"></span>e desmantelamiento<span class=\"_ _f\"></span> Los  activos  tangibles  e  intangibles  propiedad  de  ENCE,  por  lo  general,  operan  durante  periodos  muy prolongados<span class=\"_ _3\"></span> de tiempo. El Grupo estima, a trav\u00e9s de pro<span class=\"_ _3\"></span>fesionales internos, su v<span class=\"_ _3\"></span>ida \u00fatil te<span class=\"_ _2\"></span>niendo en cuenta<span class=\"_ _3\"></span> las <span class=\"_ _2\"></span>caracter\u00edsticas <span class=\"_ _2\"></span>t\u00e9cnicas <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>cada activo <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>periodo<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>esp<span class=\"_ _3\"></span>era <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>genere <span class=\"_ _2\"></span>beneficios, y <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>legislaci\u00f3n aplicable (v\u00e9anse No<span class=\"_ _3\"></span>tas 3.2 y 3.3).<span class=\"_ _3\"></span> Adicionalmente <span class=\"_ _18\"> </span>ENCE <span class=\"_ _18\"> </span>revisa<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>peri\u00f3dicamente <span class=\"_ _18\"> </span>si <span class=\"_ _18\"> </span>tendr\u00e1 <span class=\"_ _18\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _18\"> </span>llevar <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>cabo <span class=\"_ _18\"> </span>el <span class=\"_ _18\"> </span>desmantelamiento <span class=\"_ _18\"> </span>y rehabilitaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>instalacion<span class=\"_ _3\"></span>es <span class=\"_ _d\"></span>en las <span class=\"_ _d\"></span>que <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>esarrolla <span class=\"_ _d\"></span>su ac<span class=\"_ _2\"></span>tividad<span class=\"_ _3\"></span>, <span class=\"_ _2\"></span>as\u00ed <span class=\"_ _d\"></span>como, e<span class=\"_ _2\"></span>n <span class=\"_ _d\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>cas<span class=\"_ _3\"></span>o, <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>costes <span class=\"_ _d\"></span>previsto<span class=\"_ _3\"></span>s en los que s<span class=\"_ _3\"></span>e tendr\u00e1 que incurrir. <span class=\"_ _3\"></span> Derechos de u<span class=\"_ _3\"></span>so sobre activos<span class=\"_ _65\"> </span>En <span class=\"_ _19\"> </span>la <span class=\"_ _16\"> </span>determinaci\u00f3n <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>plazo <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>arrend<span class=\"_ _3\"></span>amiento, <span class=\"_ _16\"> </span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _16\"> </span>considera <span class=\"_ _19\"> </span>todos <span class=\"_ _19\"> </span>los <span class=\"_ _19\"> </span>hechos <span class=\"_ _16\"> </span>y <span class=\"_ _19\"> </span>circunstan<span class=\"_ _3\"></span>cias relevantes <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>crean<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>incentiv<span class=\"_ _3\"></span>o <span class=\"_ _16\"> </span>econ\u00f3mico <span class=\"_ _16\"> </span>signifi<span class=\"_ _3\"></span>cativo <span class=\"_ _19\"> </span>al <span class=\"_ _16\"> </span>arrendatario <span class=\"_ _19\"> </span>para <span class=\"_ _16\"> </span>ejercer <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>o<span class=\"_ _3\"></span>pci\u00f3n <span class=\"_ _16\"> </span>de renovaci\u00f3n o <span class=\"_ _2\"></span>no ejerce<span class=\"_ _2\"></span>r la <span class=\"_ _2\"></span>opci\u00f3n de <span class=\"_ _2\"></span>cancelaci\u00f3n. Las <span class=\"_ _2\"></span>opciones de re<span class=\"_ _2\"></span>novaci\u00f3n o <span class=\"_ _2\"></span>terminaci\u00f3n solo se <span class=\"_ _d\"></span>in<span class=\"_ _3\"></span>cluyen en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>determinaci\u00f3n del <span class=\"_ _d\"></span>plazo de <span class=\"_ _2\"></span>arrendamiento si <span class=\"_ _d\"></span>es razonablemente <span class=\"_ _2\"></span>cierto <span class=\"_ _2\"></span>que el <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>to <span class=\"_ _2\"></span>va a <span class=\"_ _d\"></span>extenderse o <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>va a <span class=\"_ _3\"></span>can<span class=\"_ _3\"></span>celarse. As<span class=\"_ _3\"></span>imismo, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>estima <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>tasa <span class=\"_ _3\"></span>incremental <span class=\"_ _3\"></span>utilizada <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valoraci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cont<span class=\"_ _3\"></span>ratos <span class=\"_ _3\"></span>de arrendamiento (v\u00e9ase N<span class=\"_ _3\"></span>ota 3.6).<span class=\"_ _3\"></span> Valor recuper<span class=\"_ _3\"></span>able de activos no financieros<span class=\"_ _3\"></span> ENCE <span class=\"_ _16\"> </span>realiza  anualmente <span class=\"_ _16\"> </span>tes<span class=\"_ _3\"></span>t  de <span class=\"_ _16\"> </span>deterioro  de <span class=\"_ _16\"> </span>aquellas<span class=\"_ _3\"></span>  unidad<span class=\"_ _3\"></span>es  generadora<span class=\"_ _3\"></span>s  de <span class=\"_ _16\"> </span>efectivo <span class=\"_ _16\"> </span>que  as\u00ed <span class=\"_ _16\"> </span>lo requieren. <span class=\"_ _3\"></span>D<span class=\"ls20\">e <span class=\"_ _f\"></span></span>acuerdo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _3\"></span>descrito <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Nota <span class=\"_ _3\"></span>3.5. <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>cons<span class=\"_ _3\"></span>idera <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>sus <span class=\"_ _f\"></span>estimaciones <span class=\"_ _f\"></span>son <span class=\"_ _3\"></span>adecuadas <span class=\"_ _3\"></span>y coherentes <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>actual <span class=\"_ _3\"></span>coyuntura <span class=\"_ _3\"></span>econ\u00f3mica <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>que reflejan<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>us <span class=\"_ _3\"></span>planes<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e inversi\u00f3n <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>la mejor <span class=\"_ _3\"></span>estimaci\u00f3n disponible de s<span class=\"_ _3\"></span>us gastos e ingresos<span class=\"_ _3\"></span> futuros, y<span class=\"_ _3\"></span> que las tasas de des<span class=\"_ _3\"></span>cuento aplicadas<span class=\"_ _3\"></span> reflejan adecuadamente los riesgos corres<span class=\"_ _3\"></span>pondientes a cada un<span class=\"_ _3\"></span>idad generadora de efectivo <span class=\"_ _3\"></span>(v\u00e9as<span class=\"_ _3\"></span>e Nota 19). Ingresos energ\u00eda. Liquidaci\u00f3n<span class=\"_ _3\"></span> de actividades reguladas<span class=\"_ _f\"></span> Al <span class=\"_ _16\"> </span>cierre <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>cad<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>ej<span class=\"_ _3\"></span>ercicio, <span class=\"_ _16\"> </span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _16\"> </span>realiza <span class=\"_ _19\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>estimaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>liquidaci\u00f3n <span class=\"_ _19\"> </span>definitiva <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>ingresos devengados corres<span class=\"_ _3\"></span>pondientes a la a<span class=\"_ _3\"></span>ctividad de generaci\u00f3n <span class=\"_ _3\"></span>de energ\u00eda, de acu<span class=\"_ _3\"></span>erdo con el marco <span class=\"_ _3\"></span>regulatorio vigente. <span class=\"_ _3\"></span>Asimismo, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>estima <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Valor <span class=\"_ _f\"></span>Neto <span class=\"_ _3\"></span>Actualizado <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>retribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>inversi\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>obten<span class=\"_ _3\"></span>er <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cada una <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>(IT) <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _0\"></span>opera <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"> </span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>rec\u00e1lculo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ar\u00e1metros<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>siguiente semiperiodo <span class=\"_ _f\"></span>re<span class=\"_ _3\"></span>gulatorio. <span class=\"_ _f\"></span>En<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>estimaciones <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>consideran <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>liquidacion<span class=\"_ _f\"></span>es <span class=\"_ _f\"></span>provisionales <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>ublicadas, <span class=\"_ _0\"></span>as\u00ed como toda la informaci\u00f3n s<span class=\"_ _3\"></span>ectorial dis<span class=\"_ _3\"></span>ponible <span class=\"_ _3\"></span>(v\u00e9anse Nota 9 y Anexo III).<span class=\"_ _3\"></span> Provisiones para riesgos <span class=\"_ _3\"></span>y gastos <span class=\"_ _3\"></span> ENCE <span class=\"_ _10\"> </span>registra <span class=\"_ _10\"></span>provisiones <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>hacer <span class=\"_ _10\"> </span>frente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _10\"> </span>obligaciones <span class=\"_ _10\"> </span>presentes <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>urgen <span class=\"_ _0\"></span>como <span class=\"_ _10\"> </span>resultado<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _2\"></span>e sucesos <span class=\"_ _13\"> </span>pasados, <span class=\"_ _10\"> </span>principalmente, <span class=\"_ _13\"> </span>litigios <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>reclamaciones <span class=\"_ _13\"> </span>as\u00ed <span class=\"_ _10\"> </span>como <span class=\"_ _10\"> </span>por <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>compro<span class=\"_ _3\"></span>misos <span class=\"_ _13\"> </span>asumidos <span class=\"_ _10\"> </span>que cumplen <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>definic<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>pasi<span class=\"_ _3\"></span>vo,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>e <span class=\"_ _f\"></span>incluye <span class=\"_ _f\"></span>desgloses <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>ociados <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _f\"></span>compro<span class=\"_ _3\"></span>misos <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>us caracter\u00edsticas no cu<span class=\"_ _3\"></span>mplen los requisitos<span class=\"_ _3\"></span> para ser provisionados<span class=\"_ _3\"></span><span class=\"ls13\">. </span> Para <span class=\"_ _f\"></span>ello, <span class=\"_ _f\"></span>tiene <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>evaluar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>resultado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>ciertos <span class=\"_ _f\"></span>procedimientos <span class=\"_ _f\"></span>legal<span class=\"_ _3\"></span>es, <span class=\"_ _f\"></span>fiscales <span class=\"_ _f\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>otro <span class=\"_ _f\"></span>tipo <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>no est\u00e1n <span class=\"_ _f\"></span>cerrados <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>formulaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>cuentas <span class=\"_ _f\"></span>anuales <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>solidadas, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>probabilidad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>atender determinados <span class=\"_ _10\"> </span>compromisos <span class=\"_ _10\"></span>contractuales <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>impacto,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span>todo <span class=\"_ _10\"> </span>ello, <span class=\"_ _10\"></span>considerando <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>mejor <span class=\"_ _10\"></span>informaci\u00f3n disponible al cierre de cada ejercicio. Para llevar a cabo dicha evaluaci\u00f3n, ENCE se basa en el ases<span class=\"_ _3\"></span>oramiento legal interno y de expertos<span class=\"_ _3\"></span> independientes<span class=\"_ _3\"></span> En este <span class=\"_ _3\"></span>sentido, <span class=\"_ _3\"></span>EN<span class=\"_ _3\"></span>CE ha <span class=\"_ _3\"></span>iniciado <span class=\"_ _3\"></span>un proces<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>reestructuraci\u00f3n <span class=\"_ _3\"></span>de plantilla <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el objetiv<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>adecuar s<span class=\"_ _3\"></span>u estructura <span class=\"_ _f\"></span>organizativa <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>evoluci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>negocio <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>mejorar <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>eficiencia <span class=\"_ _3\"></span>op<span class=\"_ _3\"></span>erativa. <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>total <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los costes estimados<span class=\"_ _3\"></span> reconocido en 2025 <span class=\"_ _3\"></span>asciende <span class=\"ff6\">a 23.998 <span class=\"_ _3\"></span>miles \u20ac</span> (v<span class=\"_ _3\"></span>\u00e9anse Notas 3.13<span class=\"_ _3\"></span>, 11 y 31). Determinaci\u00f3n de<span class=\"_ _3\"></span>l valor razonable<span class=\"_ _3\"></span> El <span class=\"_ _3\"></span>valor razo<span class=\"_ _3\"></span>nable de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>instrumentos <span class=\"_ _3\"></span>financieros <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e se <span class=\"_ _3\"></span>comercializan <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>activos se <span class=\"_ _3\"></span>basa <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los precios de mercado a la f<span class=\"_ _3\"></span>echa del Balance. <span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>valor ra<span class=\"_ _2\"></span>zonable de <span class=\"_ _d\"></span>los ins<span class=\"_ _2\"></span>trumentos f<span class=\"_ _2\"></span>inancieros que <span class=\"_ _d\"></span>no<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cotizan <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>mercado activo <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>determina usando t\u00e9cnicas  de <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>aloraci\u00f3n.  ENCE <span class=\"_ _13\"> </span>utiliza  una <span class=\"_ _13\"> </span>variedad <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>m\u00e9todos<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>realiza <span class=\"_ _13\"> </span>hip\u00f3tesis  que <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>basan  en <span class=\"_ _13\"> </span>las condiciones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>mercado <span class=\"_ _3\"></span>existentes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cada <span class=\"_ _f\"></span>una d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>fechas <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Balan<span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>consolidado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(v<span class=\"_ _3\"></span>\u00e9ase<span class=\"_ _2\"></span> Nota 3.8).<span class=\"_ _65\"> </span>A efectos de <span class=\"_ _2\"></span>informaci\u00f3n a revelar, se a<span class=\"_ _2\"></span>sume que el <span class=\"_ _2\"></span>importe en <span class=\"_ _2\"></span>libros de los <span class=\"_ _2\"></span>acreedores comerciales y de la<span class=\"_ _2\"></span>s cuentas <span class=\"_ _3\"></span>a cobra<span class=\"_ _3\"></span>r menos la correcci\u00f3n <span class=\"_ _3\"></span>valorativa <span class=\"_ _3\"></span>por deterioro <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>p\u00e9rdida esperada d<span class=\"_ _3\"></span>e valor de <span class=\"_ _3\"></span>las mismas se <span class=\"_ _3\"></span>ap<span class=\"_ _3\"></span>roximan <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>razonab<span class=\"_ _3\"></span>le. <span class=\"_ _3\"></span>Asimismo, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>razonable <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>resto <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>pasivos <span class=\"_ _f\"></span>financieros <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>efectos de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>presentaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>informaci\u00f3n <span class=\"_ _10\"> </span>finan<span class=\"_ _3\"></span>ciera <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>estima <span class=\"_ _10\"></span>descontando <span class=\"_ _10\"> </span>los <span class=\"_ _10\"> </span>flujos <span class=\"_ _10\"> </span>contractuales <span class=\"_ _10\"> </span>futuros<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de efectivo al tipo d<span class=\"_ _3\"></span>e inter\u00e9s libre de riesgo.<span class=\"_ _3\"></span> C\u00e1lculo del impuesto so<span class=\"_ _3\"></span>bre beneficios y recono<span class=\"_ _3\"></span>cimiento de activos por imp<span class=\"_ _3\"></span>uesto diferido<span class=\"_ _f\"></span> La <span class=\"_ _0\"></span>correcta <span class=\"_ _10\"> </span>valoraci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>ga<span class=\"_ _3\"></span>sto <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>concepto <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>impuesto <span class=\"_ _10\"></span>sobre <span class=\"_ _0\"></span>b<span class=\"_ _3\"></span>eneficios <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>epende <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>varios <span class=\"_ _10\"></span>factores, incluyendo  estimaciones  sobre <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>ritmo  y <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>realizaci\u00f3n <span class=\"_ _13\"> </span>de  los <span class=\"_ _13\"> </span>cr\u00e9ditos  fiscales <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>resto  de <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>por impuestos <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>iferidos, <span class=\"_ _3\"></span>tasa <span class=\"_ _f\"></span>impositiva <span class=\"_ _3\"></span>futura, <span class=\"_ _3\"></span>etc. <span class=\"_ _f\"></span>Los <span class=\"_ _f\"></span>cobros y <span class=\"_ _f\"></span>pagos <span class=\"_ _3\"></span>pueden <span class=\"_ _3\"></span>diferir <span class=\"_ _3\"></span>mat<span class=\"_ _3\"></span>erialmente <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>estas estimaciones <span class=\"_ _f\"></span>como <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>esultado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cambios<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>evoluci\u00f3n <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>revista <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>negocios, <span class=\"_ _f\"></span>cambios <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>normas impositivas o<span class=\"_ _3\"></span> en su interpretaci\u00f3n, <span class=\"_ _3\"></span>as\u00ed como cons<span class=\"_ _3\"></span>ecuencia de transacciones fu<span class=\"_ _3\"></span>turas imprevistas<span class=\"_ _3\"></span>. ENCE <span class=\"_ _18\"> </span>s\u00f3lo <span class=\"_ _1a\"> </span>recono<span class=\"_ _3\"></span>ce <span class=\"_ _1a\"> </span>activos <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>im<span class=\"_ _2\"></span>puesto <span class=\"_ _18\"> </span>dife<span class=\"_ _2\"></span>rido <span class=\"_ _18\"> </span>cuando <span class=\"_ _18\"> </span>considera <span class=\"_ _1a\"> </span>probable <span class=\"_ _18\"> </span>que <span class=\"_ _1a\"> </span>las <span class=\"_ _18\"> </span>entidades (individualmente  o  de  forma  consolidada)  que  los  han <span class=\"_ _13\"> </span>generado  van  a  tener  e<span class=\"_ _2\"></span>n  el  futuro  suficientes ganancias fiscales<span class=\"_ _3\"></span> con las que hacerlos efectiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>(v\u00e9anse Notas 3.16 y 32).<span class=\"_ _3\"></span> Cambio clim\u00e1tico<span class=\"_ _3\"></span> La estrategia <span class=\"_ _3\"></span>de E<span class=\"_ _3\"></span>NCE tiene <span class=\"_ _3\"></span>en consideraci\u00f3n <span class=\"_ _3\"></span>los objetivo<span class=\"_ _3\"></span>s del Acuerdo <span class=\"_ _3\"></span>de Par\u00eds <span class=\"_ _3\"></span>de limitar <span class=\"_ _3\"></span>el incremento de<span class=\"_ _3\"></span> 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=\"_ _3\"></span>ci\u00f3n de estas cu<span class=\"_ _3\"></span>entas a<span class=\"_ _3\"></span>nuales consolidadas<span class=\"_ _3\"></span>. En este <span class=\"_ _2\"></span>sentido, las e<span class=\"_ _2\"></span>stimaciones de la <span class=\"_ _2\"></span>vida \u00fatil de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> activos, <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>costes de <span class=\"_ _2\"></span>cierre <span class=\"_ _2\"></span>y desmantelamiento de instalaciones  y <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>test <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>deterioro <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>activos <span class=\"_ _13\"> </span>no  f<span class=\"_ _2\"></span>inancieros  incorporan <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>efectos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>dicha estrategia (v\u00e9anse N<span class=\"_ _3\"></span>otas 7, 16, 19 <span class=\"_ _3\"></span>y 31).  Las <span class=\"_ _3\"></span>asunciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>estimaciones <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>adoptado <span class=\"_ _3\"></span>considerando <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>experiencia <span class=\"_ _3\"></span>hist\u00f3rica, <span class=\"_ _3\"></span>el as<span class=\"_ _3\"></span>esoramiento <span class=\"_ _3\"></span>de expertos <span class=\"_ _3\"></span>independientes, <span class=\"_ _3\"></span>pre<span class=\"_ _3\"></span>visiones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>otras <span class=\"_ _3\"></span>circunstan<span class=\"_ _3\"></span>cias y <span class=\"_ _3\"></span>expectativas <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>cierre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ejercicios<span class=\"_ _3\"></span> 2024 <span class=\"_ _3\"></span>y 2023 sobre los hechos analizados. No obstante, es posible q<span class=\"_ _2\"></span>ue acontecimientos que puedan tener lugar con posterioridad <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>formula<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>informaci\u00f3n <span class=\"_ _f\"></span>financiera <span class=\"_ _3\"></span>obliguen <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>modificarla <span class=\"_ _3\"></span>(a<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>alza <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>baja), <span class=\"_ _3\"></span>lo que se har\u00eda, en s<span class=\"_ _3\"></span>u caso, de forma prospectiva.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "5.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Pol\u00edtica de gesti\u00f3n de riesgos financieros </span></span>Las <span class=\"_ _2\"></span>distintas activid<span class=\"_ _2\"></span>ades <span class=\"_ _2\"></span>desarrolladas <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>conllevan <span class=\"_ _d\"></span>su exposici\u00f3n <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>determinados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>finan<span class=\"_ _3\"></span>cieros; (i) <span class=\"_ _f\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>mercado, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>(iii) <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>liquidez. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>apartado <span class=\"_ _0\"></span>3\u00ba <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>forme <span class=\"_ _f\"></span>de gesti\u00f3n consolida<span class=\"_ _3\"></span>do se detalla informaci\u00f3<span class=\"_ _3\"></span>n adicional sob<span class=\"_ _3\"></span>re los riesgos del Grup<span class=\"_ _3\"></span>o. ENCE <span class=\"_ _10\"> </span>dis<span class=\"_ _3\"></span>pone <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>o<span class=\"_ _3\"></span>rganizaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>unos <span class=\"_ _10\"> </span>sistemas <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>gesti\u00f3n <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>permiten <span class=\"_ _10\"> </span>identificar, <span class=\"_ _13\"> </span>m<span class=\"_ _2\"></span>edir <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> controlar <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>riesgos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>expuesto <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Grupo<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>desarrollado<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>ajo <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>siguientes <span class=\"_ _3\"></span>principios <span class=\"_ _f\"></span>b\u00e1sicos de <span class=\"_ _f\"></span>act<span class=\"_ _3\"></span>uaci\u00f3n; <span class=\"_ _0\"></span>1) <span class=\"_ _f\"></span>Garan<span class=\"_ _3\"></span>tizar <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>relevantes <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ean <span class=\"_ _0\"></span>correctamente <span class=\"_ _f\"></span>identi<span class=\"_ _3\"></span>ficados,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>evalu<span class=\"_ _3\"></span>ados, gestionados, y supervisados, 2) <span class=\"_ _2\"></span>Segregar <span class=\"_ _2\"></span>a nivel <span class=\"_ _2\"></span>operativo las funciones de <span class=\"_ _2\"></span>gesti\u00f3n del <span class=\"_ _d\"></span>ri<span class=\"_ _3\"></span>esgo <span class=\"ls17\">y </span>3<span class=\"ls18\">) <span class=\"_ _2\"></span><span class=\"ls0_1\">Establecer<span class=\"_ _3\"></span> </span></span>unos <span class=\"_ _13\"> </span>sistemas <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>tratamie<span class=\"_ _2\"></span>nto <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>control <span class=\"_ _10\"> </span>interno<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>permitan <span class=\"_ _13\"> </span>mantener <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>robabilidad  e<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>i<span class=\"_ _3\"></span>mpacto <span class=\"_ _13\"> </span>de ocurrencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dichos <span class=\"_ _3\"></span>eventos d<span class=\"_ _3\"></span>entro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los niv<span class=\"_ _3\"></span>eles de <span class=\"_ _3\"></span>tolerancia <span class=\"_ _3\"></span>establecidos.<span class=\"_ _f\"></span> Todo <span class=\"_ _3\"></span>ello <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el objetiv<span class=\"_ _3\"></span>o de asegurar que <span class=\"_ _2\"></span>el nivel <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>exposici\u00f3n a <span class=\"_ _2\"></span>riesgo asumido <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>ENCE es <span class=\"_ _2\"></span>congruente con <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>perfil de <span class=\"_ _d\"></span>riesgo objetivo y con la cons<span class=\"_ _3\"></span>ecuci\u00f3n de los objetivos<span class=\"_ _3\"></span> anuales y estrat\u00e9gicos.<span class=\"_ _65\"> </span>5.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgos de mercado </span>El <span class=\"_ _f\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>mercado <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>otencial <span class=\"_ _f\"></span>ante <span class=\"_ _0\"></span>movimientos <span class=\"_ _0\"></span>adversos <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>variables <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>mercado. <span class=\"_ _f\"></span>El<span class=\"_ _3\"></span> Grupo est\u00e1<span class=\"_ _3\"></span> expuesto <span class=\"_ _3\"></span>a d<span class=\"_ _3\"></span>iversos <span class=\"_ _3\"></span>tipos <span class=\"_ _3\"></span>de riesgos<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>mercado: <span class=\"_ _3\"></span>de pre<span class=\"_ _3\"></span>cio de <span class=\"_ _3\"></span>venta <span class=\"_ _3\"></span>de la<span class=\"_ _3\"></span> cel<span class=\"_ _3\"></span>ulosa y<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>energ\u00eda renovable, de <span class=\"_ _2\"></span>tipo de <span class=\"_ _2\"></span>cambio, <span class=\"_ _2\"></span>de tipo <span class=\"_ _2\"></span>de inter\u00e9s, de <span class=\"_ _2\"></span>regulaci\u00f3n, y<span class=\"_ _2\"></span> de <span class=\"_ _2\"></span>precio <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>materias <span class=\"_ _2\"></span>primas utilizadas en los procesos<span class=\"_ _3\"></span> productivos. ENCE <span class=\"_ _0\"></span>realiza <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>seguimiento <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>exposici\u00f3n <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>t\u00e9rminos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sen<span class=\"_ _3\"></span>sibilidades. <span class=\"_ _13\"> </span>Estos an\u00e1lisis <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>complementan <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>otra<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>medidas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>gesti\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>riesgo <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>aq<span class=\"_ _3\"></span>uellas <span class=\"_ _10\"> </span>ocasiones <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>la naturaleza de las<span class=\"_ _3\"></span> posiciones de riesgo <span class=\"_ _3\"></span>as\u00ed lo requ<span class=\"_ _3\"></span>iere, entre ellas, el esta<span class=\"_ _3\"></span>blecimiento de l\u00ed<span class=\"_ _3\"></span>mites m\u00e1ximos d<span class=\"_ _3\"></span>e riesgo, que son<span class=\"_ _3\"></span> definidos por el Comit\u00e9 de Dir<span class=\"_ _3\"></span>ecci\u00f3n.<span class=\"_ _3\"></span> Precio de la celulosa <span class=\"_ _3\"></span> El <span class=\"_ _13\"> </span>precio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>celulosa  BEKP <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>un <span class=\"_ _13\"> </span>mercado <span class=\"_ _13\"> </span>activo  y <span class=\"_ _10\"> </span>su  evoluci\u00f3n <span class=\"_ _13\"> </span>determina <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>forma significativa <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>volumen <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>ingresos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>rentabilidad <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>G<span class=\"_ _3\"></span>rupo. <span class=\"_ _f\"></span>Las <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>ariaciones <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>pas<span class=\"_ _3\"></span>ta <span class=\"_ _f\"></span>de celulosa modifican los flujo<span class=\"_ _3\"></span>s de efectivo ob<span class=\"_ _3\"></span>tenido<span class=\"_ _3\"></span>s por su venta. <span class=\"_ _3\"></span> Adicionalmente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _10\"></span>celulosa <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>marcad<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _0\"></span>c\u00edclico <span class=\"_ _0\"></span>habiendo <span class=\"_ _10\"></span>experime<span class=\"_ _2\"></span>ntado <span class=\"_ _10\"></span>una considerable volatilid<span class=\"_ _3\"></span>ad en los \u00faltimos a\u00f1os. E<span class=\"_ _3\"></span>ste comportamiento del precio est\u00e1<span class=\"_ _3\"></span> asociado p<span class=\"_ _3\"></span>rincipalmente a cambios<span class=\"_ _3\"></span> en los<span class=\"_ _3\"></span> vol\u00fa<span class=\"_ _3\"></span>menes o <span class=\"_ _3\"></span>condiciones en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>que se estab<span class=\"_ _3\"></span>lecen la of<span class=\"_ _3\"></span>erta y <span class=\"_ _3\"></span>la demand<span class=\"_ _3\"></span>a, <span class=\"_ _3\"></span>y a <span class=\"_ _3\"></span>la situ<span class=\"_ _3\"></span>aci\u00f3n financiera y la competitivid<span class=\"_ _3\"></span>ad en costes <span class=\"_ _3\"></span>de los dis<span class=\"_ _3\"></span>tintos operadores del mercado.<span class=\"_ _3\"></span> Para <span class=\"_ _f\"></span>mitigar <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>riesgo <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>acometido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>\u00faltimos <span class=\"_ _f\"></span>a\u00f1os <span class=\"_ _f\"></span>importantes <span class=\"_ _f\"></span>inversiones <span class=\"_ _f\"></span>orientadas <span class=\"_ _f\"></span>a reducir <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _f\"></span>costes <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>producci\u00f3n, <span class=\"_ _3\"></span>incrementar <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>productivi<span class=\"_ _3\"></span>dad <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>calidad<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>producto <span class=\"_ _f\"></span>com<span class=\"_ _2\"></span>ercializado, <span class=\"_ _f\"></span>as\u00ed como <span class=\"_ _3\"></span>diversificar <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>productos <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>caracter\u00edsticas <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>peciales <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>alto <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>a\u00f1adido. <span class=\"_ _3\"></span>As<span class=\"_ _3\"></span>imismo, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _f\"></span>de forma continua <span class=\"_ _2\"></span>la posibilidad <span class=\"_ _2\"></span>de utilizaci\u00f3n <span class=\"_ _2\"></span>de coberturas <span class=\"_ _2\"></span>sobre <span class=\"_ _2\"></span>el precio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la pasta <span class=\"_ _2\"></span>pa<span class=\"_ _3\"></span>ra las <span class=\"_ _d\"></span>venta<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>futuras, si bien, la oferta d<span class=\"_ _3\"></span>e estos instrumentos d<span class=\"_ _3\"></span>e cobertura es limitada.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span> La sensibilidad<span class=\"_ _3\"></span> en el resultado de explotaci\u00f3n y<span class=\"_ _3\"></span> el patrimonio n<span class=\"_ _3\"></span>eto (antes de impuesto<span class=\"_ _3\"></span>s) a variaciones<span class=\"_ _3\"></span> en el precio de venta de la celulos<span class=\"_ _3\"></span>a se detalla a con<span class=\"_ _3\"></span>tinuaci\u00f3n:<span class=\"_ _3\"></span> <table class=\"s w2bc h16c\" id=\"_3e89e762-e5c9-407e-9b47-510a486e1b29\"><tr><td></td><td></td><td class=\"c x20d yff4 w2bd h16d\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x20e yff4 w2be h16d\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x20f yff5 w2bf h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x210 yff5 w2c0 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x211 yff5 w2c1 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x212 yff6 w35 h63\"><div class=\"t_1 m0_1 x57 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x213 yff7 w2c2 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x214 yff7 w2c3 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x215 yff7 w2c3 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x212 yff8 w35 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x216 yff8 w36 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x217 yff8 w37 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.315 </div></td><td class=\"c x218 yff8 w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.315 </div></td></tr><tr><td></td><td class=\"c x216 yff9 w36 h25\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x217 yff9 w37 h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.315) </div></td><td class=\"c x218 yff9 w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.315) </div></td></tr><tr><td class=\"c x212 yffa w35 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x216 yffa w36 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x217 yffa w37 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.311 </div></td><td class=\"c x218 yffa w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.311 </div></td></tr><tr><td></td><td class=\"c x216 yffb w36 h57\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x217 yffb w37 h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.311) </div></td><td class=\"c x218 yffb w38 h57\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.311) </div></td></tr></table>Precio de la energ\u00eda renovab<span class=\"_ _3\"></span>le y regulaci\u00f3n<span class=\"_ _3\"></span> En lo <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se refiere al <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e la energ\u00eda <span class=\"_ _3\"></span>renovable <span class=\"_ _3\"></span>vendida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>ENCE en <span class=\"_ _3\"></span>el mercado <span class=\"_ _3\"></span>el\u00e9ctrico espa\u00f1ol, <span class=\"_ _3\"></span>el Real <span class=\"_ _10\"></span>Decreto <span class=\"_ _0\"></span>413/<span class=\"_ _3\"></span>2014 <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>regula <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>actividad <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>producci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>partir <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> fuentes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>erg\u00eda <span class=\"_ _10\"></span>renovable, <span class=\"_ _10\"></span>cogeneraci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _10\"> </span>residuos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>asegura <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>instalaciones <span class=\"_ _10\"> </span>acogidas <span class=\"_ _10\"> </span>al <span class=\"_ _10\"></span>R\u00e9gimen Retributivo Es<span class=\"_ _3\"></span>pecial que tienen retribuci\u00f3n<span class=\"_ _3\"></span> a la inversi\u00f3n<span class=\"_ _3\"></span>, una rentabilidad m\u00ednima d<span class=\"_ _3\"></span>el 7,398% a lo lar<span class=\"_ _3\"></span>go de su vida regulatoria y<span class=\"_ _3\"></span> hasta 2031, eliminando as\u00ed gran p<span class=\"_ _3\"></span>arte de las incertidumbres aso<span class=\"_ _3\"></span>ciada<span class=\"_ _3\"></span>s a la revisi\u00f3n d<span class=\"_ _3\"></span>el resto <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>par\u00e1metros<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>retributivos, <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>garantizar <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>retorno <span class=\"_ _0\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _10\"></span>sujetas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>dicho <span class=\"_ _10\"></span>r\u00e9gime<span class=\"_ _2\"></span>n retributivo (v\u00e9as<span class=\"_ _3\"></span>e Anexo III).  ENCE h<span class=\"_ _3\"></span>ace un <span class=\"_ _3\"></span>seguimiento po<span class=\"_ _3\"></span>rmenorizado de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cambios regulatorios<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>fin de <span class=\"_ _3\"></span>recoger adecuad<span class=\"_ _3\"></span>amente su impacto en los estad<span class=\"_ _3\"></span>os financieros, as\u00ed como en la<span class=\"_ _3\"></span> ev<span class=\"_ _3\"></span>a<span class=\"ls22\">lu</span>aci\u00f3n de po<span class=\"_ _3\"></span>tenciales inversiones.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>comercializa <span class=\"_ _3\"></span>toda <span class=\"_ _3\"></span>la energ\u00eda <span class=\"_ _3\"></span>generada <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>destino <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>terceros <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s d<span class=\"_ _3\"></span>el OMEL. <span class=\"_ _3\"></span>Adicionalmente,<span class=\"_ _3\"></span> toda <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>capacidad <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>producci\u00f3n <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>mercado <span class=\"_ _2\"></span>el\u00e9ctrico <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>encuentra<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>sujeta <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>retribuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>regulad<span class=\"_ _3\"></span>a.  Suministro de madera<span class=\"_ _3\"></span> La madera <span class=\"_ _3\"></span>de eucalipto <span class=\"_ _3\"></span>es el principal <span class=\"_ _3\"></span>insumo <span class=\"_ _3\"></span>en la producci\u00f3n <span class=\"_ _3\"></span>de pasta d<span class=\"_ _3\"></span>e celulosa <span class=\"_ _3\"></span>y su precio es<span class=\"_ _3\"></span>t\u00e1 sujeto a <span class=\"_ _f\"></span>fluctuaciones <span class=\"_ _f\"></span>derivadas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cambios <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>equilibrio <span class=\"_ _f\"></span>entr<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>of<span class=\"_ _3\"></span>erta <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>demanda <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>zonas <span class=\"_ _f\"></span>donde <span class=\"_ _f\"></span>se ubican las b<span class=\"_ _3\"></span>iof\u00e1bricas de producci\u00f3n de cel<span class=\"_ _3\"></span>ulosa. El <span class=\"_ _3\"></span>riesgo <span class=\"_ _3\"></span>derivado <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>oferta <span class=\"_ _3\"></span>insu<span class=\"_ _3\"></span>ficiente es <span class=\"_ _3\"></span>mitigado <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la gesti\u00f3n<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el stock, <span class=\"_ _3\"></span>la diversificaci\u00f3n de fuentes de suministro, incluyend<span class=\"_ _3\"></span>o, en determinadas circun<span class=\"_ _3\"></span>stancias, el acceso a mercados internacionales alternativos<span class=\"_ _3\"></span>, que <span class=\"_ _2\"></span>incorporan un mayor coste log\u00edstico.<span class=\"_ _3\"></span> Por su parte, en la me<span class=\"_ _2\"></span>dida en que no hay <span class=\"_ _f\"></span>pr\u00e1ctica <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>uscripci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>contratos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>compra <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>largo <span class=\"_ _f\"></span>plazo, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>riesgo <span class=\"_ _f\"></span>sobre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>compra <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e gestiona referenci\u00e1ndolo <span class=\"_ _3\"></span>cuando es po<span class=\"_ _3\"></span>sible al precio de la celulosa.<span class=\"_ _3\"></span> La sensibilidad<span class=\"_ _3\"></span> en el resultado de explotaci\u00f3n y<span class=\"_ _3\"></span> el patrimonio n<span class=\"_ _3\"></span>eto (antes de impuesto<span class=\"_ _3\"></span>s) a variaciones<span class=\"_ _3\"></span> en el precio de la madera de <span class=\"_ _3\"></span>eucalipto con d<span class=\"_ _3\"></span>estino celulosa se detalla a <span class=\"_ _3\"></span>continuaci\u00f3n:<span class=\"_ _3\"></span> <table class=\"s w2c4 h16f\" id=\"_8373e044-066a-4f04-a88c-df482facf9a2\"><tr><td></td><td></td><td class=\"c x21a yff4 w2bd h170\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x21b yff4 w2be h170\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x21c yffd w2bf h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x21d yffd w2c0 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x21e yffd w2c1 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x21f yffe w39 h65\"><div class=\"t_1 m0_1 x58 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x220 yff7 w2c5 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio Madera<span class=\"_ _65\"> </span></div></td><td class=\"c x221 yff7 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x222 yff7 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x21f yfff w39 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x223 yfff w3a h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x224 yfff w3b h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.982) </div></td><td class=\"c x225 yfff w3c h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.982) </div></td></tr><tr><td></td><td class=\"c x223 y1000 w3a h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x224 y1000 w3b h57\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.982 </div></td><td class=\"c x225 y1000 w3c h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.982 </div></td></tr><tr><td class=\"c x21f y1001 w39 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x223 y1001 w3a h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x224 y1001 w3b h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.729) </div></td><td class=\"c x225 y1001 w3c h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.729) </div></td></tr><tr><td></td><td class=\"c x223 y1002 w3a h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x224 y1002 w3b h57\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.729 </div></td><td class=\"c x225 y1002 w3c h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.729 </div></td></tr></table>Tipo de cambio Las <span class=\"_ _f\"></span>ventas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>realizan <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mercad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>europeo, <span class=\"_ _f\"></span>si <span class=\"_ _f\"></span>bien, <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ingresos provenientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>actividad <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>ven <span class=\"_ _0\"></span>afectados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>USD/EUR <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ar <span class=\"_ _0\"></span>denominado <span class=\"_ _0\"></span>el precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mercado <span class=\"_ _f\"></span>internacio<span class=\"_ _3\"></span>nal <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>USD. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>medida <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>la moneada  funcional,  la  estructu<span class=\"_ _3\"></span>ra  de  costes,  y  la  estructura  financiera  del  Grupo  est\u00e1n  denominad<span class=\"_ _3\"></span>as principalmente <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>euros, <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>fluctu<span class=\"_ _3\"></span>aciones <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cambio <span class=\"_ _3\"></span>entre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>d\u00f3lar <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>euro <span class=\"_ _f\"></span>afectan <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>for<span class=\"_ _f\"></span>ma significativa a los<span class=\"_ _3\"></span> resultados del Grupo.<span class=\"_ _3\"></span> Para  gestionar  y  minimizar  este  riesgo,  ENCE  realiza  un<span class=\"_ _2\"></span>  seguimiento  permanente  de  su  exposici\u00f3n  a fluctuaciones <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>camb<span class=\"_ _3\"></span>io <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>previsiones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>evoluci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cambio <span class=\"_ _3\"></span>USD/E<span class=\"_ _3\"></span>UR, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> en ocasiones, u<span class=\"_ _3\"></span>tiliza estrategias de cob<span class=\"_ _3\"></span>ertura.<span class=\"_ _65\"> </span>Los <span class=\"_ _10\"> </span>activos <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>pasiv<span class=\"_ _3\"></span>os <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>grupo <span class=\"_ _10\"></span>expresados <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>moneda <span class=\"_ _10\"> </span>extranjera <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>31 <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>diciembr<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>202<span class=\"_ _f\"></span>5 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2024<span class=\"ls14\">, </span>mayoritariamente en USD, s<span class=\"_ _3\"></span>on los<span class=\"_ _3\"></span> siguientes:  <table class=\"s w2c6 h172\" id=\"_a86c41b9-08b4-474d-bb9b-d0f348396c4e\"><tr><td class=\"c x227 y1003 w3d h66\"><div class=\"t_1 m0_1 x2e h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x228 y1003 w7_1 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x229 y1003 w8_1 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y1004 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x228 y1004 w7_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.458 </div></td><td class=\"c x229 y1004 w8_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.174 </div></td></tr><tr><td class=\"c x227 y1005 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas por cobrar </div></td><td class=\"c x228 y1005 w7_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.999 </div></td><td class=\"c x229 y1005 w8_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.794 </div></td></tr><tr><td class=\"c x227 y1006 w3d h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas por pagar </div></td><td class=\"c x228 y1006 w7_1 h66\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.611) </div></td><td class=\"c x229 y1006 w8_1 h66\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(558) </div></td></tr><tr><td></td><td class=\"c x228 y1007 w7_1 h66\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.846<span class=\"ls0_1\"> </span></div></td><td class=\"c x229 y1007 w8_1 h66\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">37.410<span class=\"ls0_1\"> </span></div></td></tr></table>La sensibilidad del resultado de explotaci\u00f3n y del patrimonio neto (antes de impuestos), a las apreciaciones o depreciaciones del d\u00f3lar <span class=\"_ _3\"></span>frente al euro se detalla <span class=\"_ _3\"></span>a continuaci\u00f3n:<table class=\"s w2c7 h173\" id=\"_7274853b-8e09-4f57-b309-bb320d3a2cec\"><tr><td></td><td></td><td class=\"c x22b y1008 w2bd h174\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x22c y1008 w2be h174\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x22d yffd w2bf h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x22e yffd w2c0 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x22f yffd w2c1 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x230 y1009 w39 h63\"><div class=\"t_1 m0_1 x58 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x231 y100a w2c8 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Cambio US$/\u20ac<span class=\"_ _65\"> </span></div></td><td class=\"c x232 y100a w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x233 y100a w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x230 y100b w39 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x234 y100b w3e h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x235 y100b w3f h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.181 </div></td><td class=\"c x236 y100b w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.181 </div></td></tr><tr><td></td><td class=\"c x234 y100c w3e h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x235 y100c w3f h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.257) </div></td><td class=\"c x236 y100c w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.257) </div></td></tr><tr><td class=\"c x230 y100d w39 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x234 y100d w3e h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x235 y100d w3f h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.494 </div></td><td class=\"c x236 y100d w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.494 </div></td></tr><tr><td></td><td class=\"c x234 y100e w3e h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x235 y100e w3f h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.347) </div></td><td class=\"c x236 y100e w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.347) </div></td></tr></table>Tipo de inter\u00e9s<span class=\"_ _3\"></span> Las variaciones <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>tipos de <span class=\"_ _d\"></span>inter\u00e9s<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>pueden <span class=\"_ _2\"></span>afectar al <span class=\"_ _d\"></span>in<span class=\"_ _3\"></span>greso o <span class=\"_ _d\"></span>gasto por <span class=\"_ _2\"></span>intereses <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>activos y <span class=\"_ _d\"></span>pas<span class=\"_ _3\"></span>ivos financieros referenciados <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>tipo de <span class=\"_ _d\"></span>inter<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _2\"></span>variable, <span class=\"_ _2\"></span>pudien<span class=\"_ _3\"></span>do <span class=\"_ _2\"></span>modificar <span class=\"_ _2\"></span>tambi\u00e9n el <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor razonable <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> activos <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>tratados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _f\"></span>fijo. <span class=\"_ _0\"></span>Adicionalmente, <span class=\"_ _f\"></span>esta<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>variaciones <span class=\"_ _0\"></span>pueden afectar <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>valor <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>libros <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>pasivos <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>tasas <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>descuento <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>flujos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>caja aplicables, a la renta<span class=\"_ _3\"></span>bilidad de las invers<span class=\"_ _3\"></span>iones y al coste futuro d<span class=\"_ _3\"></span>e captac<span class=\"_ _3\"></span>i\u00f3n de recurso<span class=\"_ _3\"></span>s financieros.<span class=\"_ _3\"></span> El objetiv<span class=\"_ _3\"></span>o de la <span class=\"_ _3\"></span>gesti\u00f3n de <span class=\"_ _3\"></span>este riesgo <span class=\"_ _3\"></span>es mantener <span class=\"_ _3\"></span>un equ<span class=\"_ _3\"></span>ilibrio entre la <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>a tipo de in<span class=\"_ _3\"></span>ter\u00e9s variab<span class=\"_ _3\"></span>le y tipo <span class=\"_ _3\"></span>fijo <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>permita <span class=\"_ _3\"></span>manten<span class=\"_ _3\"></span>er <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>deuda <span class=\"_ _3\"></span>dentro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>par\u00e1metros <span class=\"_ _3\"></span>establecidos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ol\u00edtica de gesti\u00f3n de riesgos.<span class=\"_ _3\"></span> El  endeudamiento  d<span class=\"_ _3\"></span>e  ENCE  proviene  de  aquellos  instrumentos<span class=\"_ _3\"></span>  financieros  m\u00e1s <span class=\"_ _16\"> </span>competitivos  en  cada momento, tanto<span class=\"_ _3\"></span> de mercados d<span class=\"_ _3\"></span>e capitales como bancarios<span class=\"_ _3\"></span>, y d<span class=\"_ _3\"></span>e acuerdo a las con<span class=\"_ _3\"></span>diciones de mercado que sean <span class=\"_ _10\"> </span>\u00f3ptimas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>cada <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>ellos. <span class=\"_ _10\"> </span>As\u00ed <span class=\"_ _10\"> </span>mis<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>mitiga  e<span class=\"_ _2\"></span>ste <span class=\"_ _10\"> </span>riesgo <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>contrata<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"> </span>de derivados d<span class=\"_ _3\"></span>e tipo de inter\u00e9s que intercambian flujo<span class=\"_ _3\"></span>s variables p<span class=\"_ _3\"></span>or fijos.<span class=\"_ _3\"></span> La <span class=\"_ _3\"></span>estructu<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _3\"></span>financie<span class=\"ls1d\">ra</span> <span class=\"_ _f\"></span>(excluyendo <span class=\"_ _3\"></span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>derecho <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>uso <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>financiaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>organismos p\u00fablicos) a <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>2024, <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>vez <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>sideradas la<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>coberturas <span class=\"_ _2\"></span>contratadas, es<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _3\"></span> <table class=\"s w2c9 h176\" id=\"_d3fe834e-4a0f-4c64-bbfa-0390ba7b45e2\"><tr><td></td><td class=\"c x238 y100f w40 h66\"><div class=\"t_1 m0_1 x11 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa </div></td><td></td><td class=\"c x239 y100f w42 h66\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables </div></td><td></td></tr><tr><td class=\"c x23a y1010 w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td class=\"c x238 y1010 w7_1 h66\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b y1010 w8_1 h66\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x239 y1010 w43 h66\"><div class=\"t_1 m0_1 x57 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x23c y1010 w44 h66\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x23a y1011 w16 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo inter\u00e9s fijo </div></td><td class=\"c x238 y1011 w7_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.715 </div></td><td class=\"c x23b y1011 w8_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">175.534 </div></td><td class=\"c x239 y1011 w43 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">129.029 </div></td><td class=\"c x23c y1011 w44 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">126.286 </div></td></tr><tr><td class=\"c x23a y1012 w16 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo inter\u00e9s Variable </div></td><td class=\"c x238 y1012 w7_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">194.657 </div></td><td class=\"c x23b y1012 w8_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">176.209 </div></td><td class=\"c x239 y1012 w43 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.816 </div></td><td class=\"c x23c y1012 w44 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41.266 </div></td></tr><tr><td class=\"c x23a y1013 w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones e intereses </div></td><td class=\"c x238 y1013 w7_1 h66\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">242<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b y1013 w8_1 h66\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.533 </div></td><td class=\"c x239 y1013 w43 h66\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.769) </div></td><td class=\"c x23c y1013 w44 h66\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.133) </div></td></tr><tr><td class=\"c x23a yffb w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total (Nota 28<span class=\"lsc\">.1</span>) </div></td><td class=\"c x238 yffb w7_1 h66\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">362.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b yffb w8_1 h66\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">353.276<span class=\"ls0_1\"> </span></div></td><td class=\"c x239 yffb w43 h66\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">165.076<span class=\"ls0_1\"> </span></div></td><td class=\"c x23c yffb w44 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.419<span class=\"ls0_1\"> </span></div></td></tr></table>La tasa d<span class=\"_ _3\"></span>e inter\u00e9s variable est\u00e1 sujeta a<span class=\"_ _3\"></span> las oscilaciones del Eu<span class=\"_ _3\"></span>ribo<span class=\"_ _3\"></span><span class=\"ls1d\">r.</span> La sens<span class=\"_ _3\"></span>ibilidad d<span class=\"_ _3\"></span>el resultado <span class=\"_ _3\"></span>de explotaci\u00f3n <span class=\"_ _3\"></span>y d<span class=\"_ _3\"></span>el patrimon<span class=\"_ _3\"></span>io n<span class=\"_ _3\"></span>eto (antes <span class=\"_ _3\"></span>de impuesto<span class=\"_ _3\"></span>s), <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>variaci\u00f3n en 50 puntos b<span class=\"_ _3\"></span>\u00e1sicos en el tipo de inter\u00e9s<span class=\"_ _3\"></span>, se detalla a con<span class=\"_ _3\"></span>tinuaci\u00f3n: Efecto en<span class=\"_ _65\"> </span>Efecto en<span class=\"_ _65\"> </span>Variaci\u00f3n<span class=\"_ _65\"> </span>resultado antes<span class=\"_ _65\"> </span>patrimonio neto<span class=\"_ _65\"> </span>Miles \u20ac<span class=\"ff2\"> </span>Tipo Inter\u00e9s<span class=\"_ _65\"> </span>impuestos (-)/+<span class=\"_ _65\"> </span>(-)/+<span class=\"_ _65\"> </span>2025<span class=\"ls0_1\"> </span>Incremento 50 pb (1.203) 983<span class=\"ls0_1\"> </span>Descenso 50 pb 1.203 (1.202) 2024<span class=\"ls0_1\"> </span>Incremento 50 pb (1.172) 1.537 Descenso 50 pb 1.172 (1.958)<span class=\"_ _65\"> </span>5.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgo de Cr\u00e9dito </span>El <span class=\"_ _2\"></span>riesgo <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>defin<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>posibilidad de <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>tercero <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>cumpla con <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>us obligaciones <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>pago, originando <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>ello <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>\u00e9rdidas <span class=\"_ _f\"></span>crediticias<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>Este <span class=\"_ _f\"></span>riesgo, <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>mayor <span class=\"_ _f\"></span>parte, <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>eval\u00faa <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>trola <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _65\"> </span>forma <span class=\"_ _d\"></span>ind<span class=\"_ _3\"></span>ividualizada <span class=\"_ _2\"></span>para <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>cliente <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>medida <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>este <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go, <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>inculado <span class=\"_ _d\"></span>principalmente <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>n<span class=\"_ _3\"></span>egocio celulosa, se concentra<span class=\"_ _3\"></span> en un n\u00famero reducido de cli<span class=\"_ _3\"></span>entes<span class=\"_ _3\"></span>. El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _3\"></span>de forma <span class=\"_ _3\"></span>peri\u00f3dica <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>existencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>evidencias<span class=\"_ _3\"></span> ob<span class=\"_ _3\"></span>jetivas d<span class=\"_ _3\"></span>e deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>despu\u00e9s <span class=\"_ _3\"></span>del reconocimiento <span class=\"_ _d\"></span>inicial<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>a<span class=\"_ _3\"></span>ctivo <span class=\"_ _d\"></span>financiero. <span class=\"_ _2\"></span>Entre <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>factores <span class=\"_ _2\"></span>considerados <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>dicha <span class=\"_ _d\"></span>evalu<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _d\"></span>desta<span class=\"_ _3\"></span>can; la <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>t\u00eda <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _f\"></span>pendiente <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cob<span class=\"_ _3\"></span>ro <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>cliente, <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>coberturas <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>seguro <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cr<span class=\"_ _3\"></span>\u00e9dito <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponibles, <span class=\"_ _f\"></span>la antig\u00fcedad <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>deuda, <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>existencia <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ituaciones <span class=\"_ _13\"> </span>concursales, <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>clusiones <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>an\u00e1lisis <span class=\"_ _13\"> </span>de solvencia realizados<span class=\"_ _3\"></span> sobre los clientes.<span class=\"_ _3\"></span> Deudores comerciales y <span class=\"_ _3\"></span>otras cuenta<span class=\"_ _3\"></span>s a cobrar Los s<span class=\"_ _3\"></span>aldos comerciales <span class=\"_ _3\"></span>se reflejan <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de Situaci\u00f3n <span class=\"_ _3\"></span>Financiera cons<span class=\"_ _3\"></span>olidado <span class=\"_ _3\"></span>netos de d<span class=\"_ _3\"></span>eterioro. Los deterioros <span class=\"_ _f\"></span>acumulados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>registrados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>ascienden <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>5.909 <span class=\"_ _0\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4.</span>990 miles <span class=\"_ _10\"> </span>\u20ac, <span class=\"_ _13\"> </span>respectivamente. <span class=\"_ _13\"> </span>En <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>siguiente <span class=\"_ _10\"> </span>cuadro<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>antig\u00fc<span class=\"_ _3\"></span>edad <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>euda <span class=\"_ _10\"> </span>comercial <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> deterioros registrados<span class=\"_ _3\"></span> (incluye p\u00e9rdida esp<span class=\"_ _3\"></span>erada):<span class=\"_ _3\"></span> <table class=\"s w2ce h179\" id=\"_19a0e5e0-8d38-46ef-8929-8b3f4d6206db\"><tr><td></td><td></td><td class=\"c x24a y101c w4e h6b\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td class=\"c x24b y101c w4f h6b\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x24c y101d w49 h6b\"><div class=\"t_1 m0_1 x10 h58 y510 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x24a y101d w50 h6b\"><div class=\"t_1 m0_1 xf h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo a cobrar </div></td><td class=\"c x24d y101d w51 h6b\"><div class=\"t_1 m0_1 xf h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro </div></td><td class=\"c x24b y101d w52 h6b\"><div class=\"t_1 m0_1 xe h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo a cobrar </div></td><td class=\"c x24e y101d w7_1 h6b\"><div class=\"t_1 m0_1 x86 h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro </div></td></tr><tr><td class=\"c x24c y101e w49 h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">No vencido </div></td><td class=\"c x24a y101e w50 h6c\"><div class=\"t_1 m0_1 x15 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.375 </div></td><td class=\"c x24d y101e w51 h6c\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y101e w52 h6c\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41.605 </div></td><td class=\"c x24e y101e w7_1 h6c\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x24c y101f w49 h6d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido 0- 30 d\u00edas </div></td><td class=\"c x24a y101f w50 h6d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.278 </div></td><td class=\"c x24d y101f w51 h6d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x24b y101f w52 h6d\"><div class=\"t_1 m0_1 x99 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.983 </div></td><td class=\"c x24e y101f w7_1 h6d\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">611<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x24c y1020 w49 h6d\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido 30-180 d\u00edas </div></td><td class=\"c x24a y1020 w50 h6d\"><div class=\"t_1 m0_1 x1d h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.078 </div></td><td class=\"c x24d y1020 w51 h6d\"><div class=\"t_1 m0_1 x11 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">272<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y1020 w52 h6d\"><div class=\"t_1 m0_1 x99 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.960 </div></td><td class=\"c x24e y1020 w7_1 h6d\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x24c y1021 w49 h6e\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido &gt; 180 d\u00edas </div></td><td class=\"c x24a y1021 w50 h6e\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.547 </div></td><td class=\"c x24d y1021 w51 h6e\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.548 </div></td><td class=\"c x24b y1021 w52 h6e\"><div class=\"t_1 m0_1 x99 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.326 </div></td><td class=\"c x24e y1021 w7_1 h6e\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.326 </div></td></tr><tr><td></td><td class=\"c x24a y1022 w50 h47\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">37.278<span class=\"ls0_1\"> </span></div></td><td class=\"c x24d y1022 w51 h47\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.<span class=\"ls0_1\">9</span>10<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y1022 w52 h47\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.874<span class=\"ls0_1\"> </span></div></td><td class=\"c x24e y1022 w7_1 h47\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.990<span class=\"ls0_1\"> </span></div></td></tr></table>ENCE <span class=\"_ _0\"></span>cuenta <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>sistemas <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>pios <span class=\"_ _0\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>evaluaci\u00f3n <span class=\"_ _0\"></span>crediticia <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ermanente <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>todos <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>deudores <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la determinaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l\u00edmites <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>riesgo <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traparte, <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>basan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>informaci\u00f3n <span class=\"_ _f\"></span>de s<span class=\"_ _3\"></span>olvencia <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponible, en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>profundo <span class=\"_ _3\"></span>conocimiento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los clientes <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>negocio <span class=\"_ _3\"></span>celulosa, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los an\u00e1lisis <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>evaluaci\u00f3n <span class=\"_ _3\"></span>crediticia realizados por entid<span class=\"_ _3\"></span>ades de seguro de cr\u00e9dito de re<span class=\"_ _3\"></span>conocido prestigio.<span class=\"_ _f\"></span> Actividad Venta <span class=\"_ _3\"></span>Celulosa Este <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>concentra <span class=\"_ _f\"></span>saldos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>rar <span class=\"_ _f\"></span>recogidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cDeudores <span class=\"_ _f\"></span>comerciales <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>otras <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a cobrar\u201d por importe d<span class=\"_ _3\"></span>e <span class=\"ff3\">19.110 </span>miles \u20ac, d<span class=\"_ _3\"></span>eteriorados d<span class=\"_ _3\"></span>e forma acumulada en <span class=\"_ _3\"></span><span class=\"ff3\">5.562 </span>miles \u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>c<span class=\"_ _3\"></span>r\u00e9dito <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribu<span class=\"_ _3\"></span>ye <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>1<span class=\"ls10\">00</span>-200 <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otr<span class=\"_ _3\"></span>as <span class=\"_ _0\"></span>contrapartes. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>concentra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _0\"></span>m\u00e1xima <span class=\"_ _0\"></span>de riesgo con un t<span class=\"_ _3\"></span>ercero en 2025<span class=\"_ _3\"></span> y 2<span class=\"ls10\">02</span>4 es del 10% y el 1<span class=\"_ _3\"></span>2% de las v<span class=\"_ _3\"></span>entas de celulosa<span class=\"_ _3\"></span>, respectivamente. Para <span class=\"_ _0\"></span>mitigar <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>riesgo, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>pera <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>clientes <span class=\"_ _10\"></span>con <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>historial <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _10\"></span>sin <span class=\"_ _0\"></span>insolvencias <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>alt<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>calidad crediticia, <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>sigue<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la pol\u00edtica <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>vender <span class=\"_ _2\"></span>mayoritariamente a <span class=\"_ _d\"></span>clientes cubiertos por <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>programas <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>eguro de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _f\"></span>contratados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>ENCE, <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>cuales <span class=\"_ _3\"></span>proporcion<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>cobertura <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>aproximadamente <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>90% <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el importe <span class=\"_ _17\"> </span>facturad<span class=\"_ _3\"></span>o. <span class=\"_ _17\"> </span>Estas<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>medidas <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>complementan<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _1a\"> </span>ejecuci\u00f3n, <span class=\"_ _17\"> </span>peri\u00f3dica<span class=\"_ _3\"></span>mente, <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>an<span class=\"_ _3\"></span>\u00e1lisis espec\u00edficos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>solv<span class=\"_ _3\"></span>encia <span class=\"_ _0\"></span>financi<span class=\"_ _3\"></span>era <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>principales <span class=\"_ _0\"></span>clie<span class=\"_ _3\"></span>ntes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la<span class=\"_ _65\"> </span>inclusi\u00f3n, <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>det<span class=\"_ _3\"></span>erminadas situaciones, d<span class=\"_ _3\"></span>e cl\u00e1usulas espec\u00edficas en los contrato<span class=\"_ _3\"></span>s de venta dirigidas a<span class=\"_ _3\"></span> garantizar el cobro.<span class=\"_ _f\"></span> La <span class=\"_ _3\"></span>calificaci\u00f3n <span class=\"_ _3\"></span>crediticia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nuestro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>clientes <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>pendientes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobro <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e 202<span class=\"_ _f\"></span>5 <span class=\"_ _3\"></span><span class=\"ls24\">y </span>202<span class=\"ls0_1\">4, considerando<span class=\"_ _3\"></span> la evaluaci\u00f3n realizada <span class=\"_ _3\"></span>por nuestras as<span class=\"_ _3\"></span>eguradoras es la siguiente:</span><table class=\"s w2cf h17a\" id=\"_4a0aaa78-01a2-4fdf-b2eb-1c80989764ea\"><tr><td></td><td class=\"c x250 y1023 w7_1 h71\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1023 w54 h71\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1024 w53 h71\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nivel de Riesgo- </div></td><td></td><td></td></tr><tr><td class=\"c x252 y1025 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bajo </div></td><td class=\"c x250 y1025 w7_1 h1d\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">43%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1025 w54 h1d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">52%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1026 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Medio </div></td><td class=\"c x250 y1026 w7_1 h1d\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">43%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1026 w54 h1d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1027 w53 h72\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Medio-alto </div></td><td class=\"c x250 y1027 w7_1 h72\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">11%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1027 w54 h72\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1028 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Alto </div></td><td class=\"c x250 y1028 w7_1 h1d\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">3%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1028 w54 h1d\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">3%<span class=\"ls0_1\"> </span></div></td></tr></table>Actividad Venta E<span class=\"_ _3\"></span>nerg\u00eda Este <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>concentra <span class=\"_ _f\"></span>saldos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>rar <span class=\"_ _f\"></span>recogidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cDeudores <span class=\"_ _f\"></span>comerciales <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>otras <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a cobrar\u201d por importe d<span class=\"_ _3\"></span>e <span class=\"ff3\">20.633 </span>miles \u20ac, d<span class=\"_ _3\"></span>eteriorados d<span class=\"_ _3\"></span>e forma acumulada en <span class=\"_ _3\"></span><span class=\"ff3 ls10\">347<span class=\"ls0_1\"> </span></span>miles \u20ac<span class=\"_ _3\"></span>.<span class=\"ff3\">  </span>Durante <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>la energ\u00eda <span class=\"_ _3\"></span>generada, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> el <span class=\"_ _3\"></span>marco <span class=\"_ _3\"></span>regulatorio <span class=\"_ _3\"></span>el\u00e9ctrico <span class=\"_ _3\"></span>en v<span class=\"_ _3\"></span>igor, se ha vendid<span class=\"_ _3\"></span>o a trav\u00e9s del Mercado I<span class=\"_ _3\"></span>b\u00e9rico de Electricidad (MIBE<span class=\"_ _3\"></span>L), cobrando lo<span class=\"_ _3\"></span>s ingresos del operador d<span class=\"_ _3\"></span>el mercado OMIE que cuenta con un <span class=\"_ _2\"></span>sistema de garant\u00eda de <span class=\"_ _2\"></span>pagos, y de <span class=\"_ _2\"></span>la Comisi\u00f3n<span class=\"_ _3\"></span> Nacional de <span class=\"_ _2\"></span>los Mercados y  la <span class=\"_ _16\"> </span>Competencia <span class=\"_ _16\"> </span>(CNMC), <span class=\"_ _16\"> </span>ente  regu<span class=\"_ _3\"></span>lador  d<span class=\"_ _3\"></span>e  los <span class=\"_ _16\"> </span>mercados<span class=\"_ _3\"></span>  energ\u00e9ticos <span class=\"_ _16\"> </span>de  Es<span class=\"_ _3\"></span>pa\u00f1a, <span class=\"_ _16\"> </span>dependiente  de<span class=\"_ _3\"></span>l Ministerio <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>Industria<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>En <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>mayor <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>sald<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cobrar <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>esta<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>actividad <span class=\"_ _0\"></span>lo <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>tos organismos. Al tratarse de saldos <span class=\"_ _2\"></span>soportados en \u00faltima instancia por el <span class=\"_ _2\"></span>estado espa\u00f1ol, la <span class=\"_ _2\"></span>p\u00e9rdida esperada considerada es <span class=\"_ _3\"></span>insignificante. Tesorer\u00eda En <span class=\"_ _2\"></span>relaci\u00f3n <span class=\"_ _d\"></span>al e<span class=\"_ _2\"></span>p\u00edgrafe <span class=\"_ _d\"></span>\u201c<span class=\"_ _3\"></span>Efectivo <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span><span class=\"ff3\">t</span>ros <span class=\"_ _2\"></span>medios <span class=\"_ _2\"></span>equivalente\u201d <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Estado de <span class=\"_ _d\"></span>Situaci\u00f3n <span class=\"_ _2\"></span>Financiera <span class=\"_ _d\"></span>conso<span class=\"_ _3\"></span>lidado, el rating promedio de las<span class=\"_ _3\"></span> contrapartes es en<span class=\"_ _3\"></span> un 100 %<span class=\"_ _3\"></span> investment grade (9<span class=\"_ _3\"></span>9% en 2024).<span class=\"_ _65\"> </span>5.3<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgos de liquidez y cap<span class=\"_ _2\"></span>ital </span>La <span class=\"_ _3\"></span>exposici\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>situacion<span class=\"_ _3\"></span>es advers<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>capitales <span class=\"_ _3\"></span>puede <span class=\"_ _3\"></span>dificultar <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>impedir <span class=\"_ _3\"></span>la cobertura de <span class=\"_ _2\"></span>las necesidades f<span class=\"_ _2\"></span>inancieras que <span class=\"_ _2\"></span>se requieren <span class=\"_ _d\"></span>para el desarrollo <span class=\"_ _2\"></span>adecuado de <span class=\"_ _2\"></span>las actividades <span class=\"_ _2\"></span>del Grupo y su<span class=\"_ _3\"></span> Plan de Negocio futuro. <span class=\"_ _3\"></span> La <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ol\u00edtica <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>liquidez <span class=\"_ _f\"></span>seguida <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>est\u00e1<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>orientad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>garantizar <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>disponibilidad <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>fondos <span class=\"_ _3\"></span>necesarios para <span class=\"_ _10\"> </span>as<span class=\"_ _3\"></span>egurar <span class=\"_ _10\"></span>el <span class=\"_ _10\"> </span>cumplimiento <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>obligaciones <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>quiridas <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>des<span class=\"_ _3\"></span>arrollo <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>sus <span class=\"_ _10\"> </span>planes <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>negocio, manteniendo en <span class=\"_ _3\"></span>todo <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>el nivel \u00f3p<span class=\"_ _3\"></span>timo d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>recursos l\u00edqu<span class=\"_ _3\"></span>idos y <span class=\"_ _3\"></span>procurando <span class=\"_ _3\"></span>la mayor eficiencia <span class=\"_ _3\"></span>en la gesti\u00f3n de los recurs<span class=\"_ _3\"></span>os financieros.<span class=\"_ _65\"> </span>Cada uno de los dos negocios de <span class=\"_ _2\"></span>ENCE se financia y gestiona de manera <span class=\"_ _2\"></span>individualiz<span class=\"_ _3\"></span>ada, teniendo en cuenta sus caracter\u00edsticas<span class=\"_ _3\"></span>, sin existir recursos o garan<span class=\"_ _3\"></span>t\u00edas significativas entre ambo<span class=\"_ _3\"></span>s. Este <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>uno de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>riesgos <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>siguen <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>mayor <span class=\"_ _f\"></span>atenci\u00f3n <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>parte <span class=\"_ _f\"></span>de E<span class=\"_ _3\"></span>NCE, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>lleva a <span class=\"_ _f\"></span>cabo un <span class=\"_ _10\"></span>control <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span>seguimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ecesidades <span class=\"_ _10\"></span>financieras <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>esde <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>elaboraci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>previsiones <span class=\"_ _10\"></span>de tesorer\u00eda <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la planificaci\u00f3n <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>ciera qu<span class=\"_ _3\"></span>e acom<span class=\"_ _3\"></span>pa\u00f1a <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>presupuestos <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>y al <span class=\"_ _3\"></span>plan <span class=\"_ _3\"></span>estrat\u00e9gico. <span class=\"_ _3\"></span>ENCE mantiene fuentes d<span class=\"_ _3\"></span>e financiaci\u00f3n d<span class=\"_ _3\"></span>iversificadas y esta<span class=\"_ _3\"></span>bles. En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>sistema <span class=\"_ _f\"></span>global <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>control <span class=\"_ _f\"></span>econ\u00f3mico <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>presupuestario <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>cada negocio, <span class=\"_ _2\"></span>adaptad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cada <span class=\"_ _2\"></span>actividad, que <span class=\"_ _2\"></span>proporciona la <span class=\"_ _d\"></span>informaci\u00f3n necesaria <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los responsables <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>negocio y les permite controlar los<span class=\"_ _3\"></span> riesgos p<span class=\"_ _3\"></span>otenciales y<span class=\"_ _3\"></span> adoptar las decisiones de gesti\u00f3<span class=\"_ _3\"></span>n m\u00e1s adecuadas.<span class=\"_ _65\"> </span>En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"_ _2\"></span>ENCE mantiene al 31 de <span class=\"_ _2\"></span>diciembre de 202<span class=\"_ _3\"></span>5 recursos en <span class=\"_ _d\"></span>efectiv<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>y otros <span class=\"_ _d\"></span>instru<span class=\"_ _3\"></span>mentos <span class=\"_ _2\"></span>financieros <span class=\"_ _d\"></span>l\u00edqu<span class=\"_ _3\"></span>idos <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>l\u00edneas <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _d\"></span>no dispuestas <span class=\"_ _2\"></span>suficientes <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _d\"></span>cu<span class=\"_ _3\"></span>brir<span class=\"_ _3\"></span><span class=\"ls19\">, </span>en una parte relevan<span class=\"_ _3\"></span>te, sus<span class=\"_ _3\"></span> obligaciones a corto plaz<span class=\"_ _3\"></span>o (v\u00e9anse Notas<span class=\"_ _3\"></span> 27 y 28). Asimismo, <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>ha <span class=\"_ _13\"> </span>establecido <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>n<span class=\"_ _3\"></span>ivel <span class=\"_ _10\"> </span>de  e<span class=\"_ _2\"></span>ndeudamiento<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>n<span class=\"_ _3\"></span>eto <span class=\"_ _10\"> </span>ob<span class=\"_ _3\"></span>jetivo <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>aptado <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>perfil <span class=\"_ _10\"></span>de <span class=\"_ _13\"> </span>potencial volatilidad <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ingresos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>distin<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>negocios <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o. <span class=\"_ _3\"></span>En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>este <span class=\"_ _f\"></span>sentido <span class=\"_ _3\"></span>dicho<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nivel <span class=\"_ _f\"></span>objetivo <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>el Negocio <span class=\"_ _10\"> </span>Celulosa <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>ha <span class=\"_ _10\"> </span>estab<span class=\"_ _3\"></span>lecido <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>2,5 <span class=\"_ _10\"></span>veces<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>resultado <span class=\"_ _10\"> </span>bruto <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>explotaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>(EBITDA) <span class=\"_ _10\"></span>recurrente considerando un precio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la celulosa <span class=\"_ _2\"></span>y del <span class=\"_ _2\"></span>d\u00f3lar medios <span class=\"_ _2\"></span>del cic<span class=\"_ _2\"></span>lo, y <span class=\"_ _2\"></span>de 5 <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>eces e<span class=\"_ _2\"></span>n el <span class=\"_ _2\"></span>Negocio de <span class=\"_ _2\"></span>Renovables. <span class=\"_ _3\"></span> La  deuda  finan<span class=\"_ _3\"></span>ciera  neta  y <span class=\"_ _16\"> </span>el  EBITDA  son <span class=\"_ _16\"> </span>magnitudes  n<span class=\"_ _3\"></span>o  desglosad<span class=\"_ _3\"></span>as  en  los <span class=\"_ _16\"> </span>estados  financieros.  Su cuantificaci\u00f3n <span class=\"_ _3\"></span>as\u00ed como <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>reconciliaci\u00f3n con <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>estados financieros <span class=\"_ _3\"></span>se detallan<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>el Anexo I <span class=\"_ _3\"></span>al In<span class=\"_ _3\"></span>forme de Gesti\u00f3n <span class=\"_ _3\"></span>sobre <span class=\"_ _f\"></span>Actividad <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5. <span class=\"_ _f\"></span>El <span class=\"_ _3\"></span>endeudamiento<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>neto <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _f\"></span>al 3<span class=\"_ _3\"></span>1 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dici<span class=\"_ _3\"></span>embre <span class=\"_ _3\"></span>de 202<span class=\"ls0_1\">5 y 2024 <span class=\"ff6\">calculad<span class=\"_ _3\"></span>o como \u201cd<span class=\"_ _3\"></span>euda financiera neta / EBITD<span class=\"_ _3\"></span>A\u201d es el siguiente<span class=\"_ _3\"></span></span>: </span><table class=\"s w2d0 h17b\" id=\"_b8363099-d519-4d8a-83ab-c765b44c9702\"><tr><td class=\"c x254 y1029 w55 h74\"><div class=\"t_1 m0_1 x10 h58 y54f ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Millones \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x255 y1029 w56 h74\"><div class=\"t_1 m0_1 x2f h58 y54f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa </div></td><td></td><td></td><td class=\"c x256 y1029 w57 h74\"><div class=\"t_1 m0_1 xe h58 y54f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables </div></td></tr><tr><td></td><td class=\"c x255 y102a w58 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x257 y102a w59 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x256 y102a w5a h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x258 y102a w59 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x254 y102b w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera neta </div></td><td class=\"c x255 y102b w58 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">268,7 </div></td><td class=\"c x257 y102b w59 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">255,9 </div></td><td class=\"c x256 y102b w5a h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">111,9 </div></td><td class=\"c x258 y102b w59 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78,8 </div></td></tr><tr><td class=\"c x254 y102c w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EBITDA (*) </div></td><td class=\"c x255 y102c w58 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">55,9 </div></td><td class=\"c x257 y102c w59 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">138,2 </div></td><td class=\"c x256 y102c w5a h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27,4 </div></td><td class=\"c x258 y102c w59 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">26,3 </div></td></tr><tr><td class=\"c x254 y102d w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ratio Deuda neta /EBITDA  </div></td><td class=\"c x255 y102d w58 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,8 </div></td><td class=\"c x257 y102d w59 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,9 </div></td><td class=\"c x256 y102d w5a h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,1 </div></td><td class=\"c x258 y102d w59 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3,0 </div></td></tr></table> (*) Magnitud no <span class=\"_ _2\"></span>desglosada en el <span class=\"_ _2\"></span>Estado de Resultado <span class=\"_ _2\"></span>Consolidado y no d<span class=\"_ _2\"></span>efinida en las NIIF. <span class=\"_ _2\"></span>V\u00e9ase definici\u00f3n de d<span class=\"_ _2\"></span>icha magnitud as\u00ed como reconciliaci\u00f3n con el estado de<span class=\"_ _2\"></span> resultado consolidado en el Anexo \u201cInforme de Resultados 2025\" al<span class=\"_ _2\"></span> Informe de Gesti\u00f3n Consolidado del ejercicio 2025.<span class=\"fs3\"> </span>La informaci\u00f3n <span class=\"_ _2\"></span>relativa al <span class=\"_ _2\"></span>an\u00e1lisis de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>encimientos de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>pasivos financieros a<span class=\"_ _2\"></span> que <span class=\"_ _2\"></span>hace <span class=\"_ _2\"></span>referencia la <span class=\"_ _2\"></span>NIIF 7 <span class=\"_ _3\"></span><span class=\"ls0_1\">as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>cumplimiento de <span class=\"_ _3\"></span>obligaciones <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>umidas <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>suscrita <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>encuentra </span>recogida en la Nota 28 d<span class=\"_ _3\"></span>e esta memoria.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "5.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Pol\u00edtica de gesti\u00f3n de riesgos financieros </span></span>Las <span class=\"_ _2\"></span>distintas activid<span class=\"_ _2\"></span>ades <span class=\"_ _2\"></span>desarrolladas <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>conllevan <span class=\"_ _d\"></span>su exposici\u00f3n <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>determinados<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>finan<span class=\"_ _3\"></span>cieros; (i) <span class=\"_ _f\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>mercado, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>(iii) <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>liquidez. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>apartado <span class=\"_ _0\"></span>3\u00ba <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>forme <span class=\"_ _f\"></span>de gesti\u00f3n consolida<span class=\"_ _3\"></span>do se detalla informaci\u00f3<span class=\"_ _3\"></span>n adicional sob<span class=\"_ _3\"></span>re los riesgos del Grup<span class=\"_ _3\"></span>o. ENCE <span class=\"_ _10\"> </span>dis<span class=\"_ _3\"></span>pone <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>o<span class=\"_ _3\"></span>rganizaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>unos <span class=\"_ _10\"> </span>sistemas <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>gesti\u00f3n <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>permiten <span class=\"_ _10\"> </span>identificar, <span class=\"_ _13\"> </span>m<span class=\"_ _2\"></span>edir <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> controlar <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>riesgos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>expuesto <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Grupo<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>desarrollado<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>ajo <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>siguientes <span class=\"_ _3\"></span>principios <span class=\"_ _f\"></span>b\u00e1sicos de <span class=\"_ _f\"></span>act<span class=\"_ _3\"></span>uaci\u00f3n; <span class=\"_ _0\"></span>1) <span class=\"_ _f\"></span>Garan<span class=\"_ _3\"></span>tizar <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>relevantes <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>ean <span class=\"_ _0\"></span>correctamente <span class=\"_ _f\"></span>identi<span class=\"_ _3\"></span>ficados,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>evalu<span class=\"_ _3\"></span>ados, gestionados, y supervisados, 2) <span class=\"_ _2\"></span>Segregar <span class=\"_ _2\"></span>a nivel <span class=\"_ _2\"></span>operativo las funciones de <span class=\"_ _2\"></span>gesti\u00f3n del <span class=\"_ _d\"></span>ri<span class=\"_ _3\"></span>esgo <span class=\"ls17\">y </span>3<span class=\"ls18\">) <span class=\"_ _2\"></span><span class=\"ls0_1\">Establecer<span class=\"_ _3\"></span> </span></span>unos <span class=\"_ _13\"> </span>sistemas <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>tratamie<span class=\"_ _2\"></span>nto <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>control <span class=\"_ _10\"> </span>interno<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>permitan <span class=\"_ _13\"> </span>mantener <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>robabilidad  e<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>i<span class=\"_ _3\"></span>mpacto <span class=\"_ _13\"> </span>de ocurrencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dichos <span class=\"_ _3\"></span>eventos d<span class=\"_ _3\"></span>entro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los niv<span class=\"_ _3\"></span>eles de <span class=\"_ _3\"></span>tolerancia <span class=\"_ _3\"></span>establecidos.<span class=\"_ _f\"></span> Todo <span class=\"_ _3\"></span>ello <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el objetiv<span class=\"_ _3\"></span>o de asegurar que <span class=\"_ _2\"></span>el nivel <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>exposici\u00f3n a <span class=\"_ _2\"></span>riesgo asumido <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>ENCE es <span class=\"_ _2\"></span>congruente con <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>perfil de <span class=\"_ _d\"></span>riesgo objetivo y con la cons<span class=\"_ _3\"></span>ecuci\u00f3n de los objetivos<span class=\"_ _3\"></span> anuales y estrat\u00e9gicos.<span class=\"_ _65\"> </span><div class=\"c w3_1 h3d gs35\"><div class=\"t_1 m0_1 x6d hd y27d ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">5.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgos de mercado </span></div><div class=\"t_1 m0_1 x21 h7_1 y450 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _f\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>mercado <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>otencial <span class=\"_ _f\"></span>ante <span class=\"_ _0\"></span>movimientos <span class=\"_ _0\"></span>adversos <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>variables <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>mercado. <span class=\"_ _f\"></span>El<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y451 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo est\u00e1<span class=\"_ _3\"></span> expuesto <span class=\"_ _3\"></span>a d<span class=\"_ _3\"></span>iversos <span class=\"_ _3\"></span>tipos <span class=\"_ _3\"></span>de riesgos<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>mercado: <span class=\"_ _3\"></span>de pre<span class=\"_ _3\"></span>cio de <span class=\"_ _3\"></span>venta <span class=\"_ _3\"></span>de la<span class=\"_ _3\"></span> cel<span class=\"_ _3\"></span>ulosa y<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>energ\u00eda </div><div class=\"t_1 m0_1 x21 h7_1 y452 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">renovable, de <span class=\"_ _2\"></span>tipo de <span class=\"_ _2\"></span>cambio, <span class=\"_ _2\"></span>de tipo <span class=\"_ _2\"></span>de inter\u00e9s, de <span class=\"_ _2\"></span>regulaci\u00f3n, y<span class=\"_ _2\"></span> de <span class=\"_ _2\"></span>precio <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>materias <span class=\"_ _2\"></span>primas utilizadas </div><div class=\"t_1 m0_1 x21 h7_1 y453 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">en los procesos<span class=\"_ _3\"></span> productivos. </div><div class=\"t_1 m0_1 x21 h7_1 y358 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _0\"></span>realiza <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>seguimiento <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>exposici\u00f3n <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>t\u00e9rminos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sen<span class=\"_ _3\"></span>sibilidades. <span class=\"_ _13\"> </span>Estos </div><div class=\"t_1 m0_1 x21 h7_1 y3f2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">an\u00e1lisis <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>complementan <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>otra<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>medidas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>gesti\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>riesgo <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>aq<span class=\"_ _3\"></span>uellas <span class=\"_ _10\"> </span>ocasiones <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>la </div><div class=\"t_1 m0_1 x21 h7_1 y454 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">naturaleza de las<span class=\"_ _3\"></span> posiciones de riesgo <span class=\"_ _3\"></span>as\u00ed lo requ<span class=\"_ _3\"></span>iere, entre ellas, el esta<span class=\"_ _3\"></span>blecimiento de l\u00ed<span class=\"_ _3\"></span>mites m\u00e1ximos d<span class=\"_ _3\"></span>e </div><div class=\"t_1 m0_1 x21 h7_1 y455 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">riesgo, que son<span class=\"_ _3\"></span> definidos por el Comit\u00e9 de Dir<span class=\"_ _3\"></span>ecci\u00f3n.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h4a y470 ff8 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Precio de la celulosa <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y35d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _13\"> </span>precio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>celulosa  BEKP <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>un <span class=\"_ _13\"> </span>mercado <span class=\"_ _13\"> </span>activo  y <span class=\"_ _10\"> </span>su  evoluci\u00f3n <span class=\"_ _13\"> </span>determina <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>forma </div><div class=\"t_1 m0_1 x21 h7_1 y375 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">significativa <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>volumen <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>ingresos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>rentabilidad <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>G<span class=\"_ _3\"></span>rupo. <span class=\"_ _f\"></span>Las <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>ariaciones <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>pas<span class=\"_ _3\"></span>ta <span class=\"_ _f\"></span>de </div><div class=\"t_1 m0_1 x21 h7_1 y376 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">celulosa modifican los flujo<span class=\"_ _3\"></span>s de efectivo ob<span class=\"_ _3\"></span>tenido<span class=\"_ _3\"></span>s por su venta. <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y360 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Adicionalmente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _10\"></span>celulosa <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>marcad<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _0\"></span>c\u00edclico <span class=\"_ _0\"></span>habiendo <span class=\"_ _10\"></span>experime<span class=\"_ _2\"></span>ntado <span class=\"_ _10\"></span>una </div><div class=\"t_1 m0_1 x21 h7_1 y361 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">considerable volatilid<span class=\"_ _3\"></span>ad en los \u00faltimos a\u00f1os. E<span class=\"_ _3\"></span>ste comportamiento del precio est\u00e1<span class=\"_ _3\"></span> asociado p<span class=\"_ _3\"></span>rincipalmente </div><div class=\"t_1 m0_1 x21 h7_1 y362 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">a cambios<span class=\"_ _3\"></span> en los<span class=\"_ _3\"></span> vol\u00fa<span class=\"_ _3\"></span>menes o <span class=\"_ _3\"></span>condiciones en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>que se estab<span class=\"_ _3\"></span>lecen la of<span class=\"_ _3\"></span>erta y <span class=\"_ _3\"></span>la demand<span class=\"_ _3\"></span>a, <span class=\"_ _3\"></span>y a <span class=\"_ _3\"></span>la situ<span class=\"_ _3\"></span>aci\u00f3n </div><div class=\"t_1 m0_1 x21 h7_1 y363 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financiera y la competitivid<span class=\"_ _3\"></span>ad en costes <span class=\"_ _3\"></span>de los dis<span class=\"_ _3\"></span>tintos operadores del mercado.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y37a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Para <span class=\"_ _f\"></span>mitigar <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>riesgo <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>acometido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>\u00faltimos <span class=\"_ _f\"></span>a\u00f1os <span class=\"_ _f\"></span>importantes <span class=\"_ _f\"></span>inversiones <span class=\"_ _f\"></span>orientadas <span class=\"_ _f\"></span>a </div><div class=\"t_1 m0_1 x21 h7_1 y4c3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">reducir <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _f\"></span>costes <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>producci\u00f3n, <span class=\"_ _3\"></span>incrementar <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>productivi<span class=\"_ _3\"></span>dad <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>calidad<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>producto <span class=\"_ _f\"></span>com<span class=\"_ _2\"></span>ercializado, <span class=\"_ _f\"></span>as\u00ed </div><div class=\"t_1 m0_1 x21 h7_1 y4c4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">como <span class=\"_ _3\"></span>diversificar <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>productos <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>caracter\u00edsticas <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>peciales <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>alto <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>a\u00f1adido. <span class=\"_ _3\"></span>As<span class=\"_ _3\"></span>imismo, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _f\"></span>de </div><div class=\"t_1 m0_1 x21 h7_1 y367 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">forma continua <span class=\"_ _2\"></span>la posibilidad <span class=\"_ _2\"></span>de utilizaci\u00f3n <span class=\"_ _2\"></span>de coberturas <span class=\"_ _2\"></span>sobre <span class=\"_ _2\"></span>el precio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la pasta <span class=\"_ _2\"></span>pa<span class=\"_ _3\"></span>ra las <span class=\"_ _d\"></span>venta<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>futuras, </div><div class=\"t_1 m0_1 x21 h7_1 y368 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">si bien, la oferta d<span class=\"_ _3\"></span>e estos instrumentos d<span class=\"_ _3\"></span>e cobertura es limitada.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y4c5 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La sensibilidad<span class=\"_ _3\"></span> en el resultado de explotaci\u00f3n y<span class=\"_ _3\"></span> el patrimonio n<span class=\"_ _3\"></span>eto (antes de impuesto<span class=\"_ _3\"></span>s) a variaciones<span class=\"_ _3\"></span> en el </div><div class=\"t_1 m0_1 x21 h7_1 y369 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">precio de venta de la celulos<span class=\"_ _3\"></span>a se detalla a con<span class=\"_ _3\"></span>tinuaci\u00f3n:<span class=\"_ _3\"></span> </div></div><div class=\"gs36\"><table class=\"s w2bc h16c\" id=\"_3e89e762-e5c9-407e-9b47-510a486e1b29\"><tr><td></td><td></td><td class=\"c x20d yff4 w2bd h16d\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x20e yff4 w2be h16d\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x20f yff5 w2bf h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x210 yff5 w2c0 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x211 yff5 w2c1 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x212 yff6 w35 h63\"><div class=\"t_1 m0_1 x57 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x213 yff7 w2c2 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x214 yff7 w2c3 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x215 yff7 w2c3 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x212 yff8 w35 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x216 yff8 w36 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x217 yff8 w37 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.315 </div></td><td class=\"c x218 yff8 w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.315 </div></td></tr><tr><td></td><td class=\"c x216 yff9 w36 h25\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x217 yff9 w37 h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.315) </div></td><td class=\"c x218 yff9 w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.315) </div></td></tr><tr><td class=\"c x212 yffa w35 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x216 yffa w36 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x217 yffa w37 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.311 </div></td><td class=\"c x218 yffa w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.311 </div></td></tr><tr><td></td><td class=\"c x216 yffb w36 h57\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x217 yffb w37 h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.311) </div></td><td class=\"c x218 yffb w38 h57\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.311) </div></td></tr></table></div><div class=\"c w3_1 h3d gs38\"><div class=\"t_1 m0_1 x83 h7_1 y4cb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d h4a y4cc ff8 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Precio de la energ\u00eda renovab<span class=\"_ _3\"></span>le y regulaci\u00f3n<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y46a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">En lo <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se refiere al <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e la energ\u00eda <span class=\"_ _3\"></span>renovable <span class=\"_ _3\"></span>vendida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>ENCE en <span class=\"_ _3\"></span>el mercado <span class=\"_ _3\"></span>el\u00e9ctrico espa\u00f1ol, <span class=\"_ _3\"></span>el </div><div class=\"t_1 m0_1 x21 h7_1 y4cd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Real <span class=\"_ _10\"></span>Decreto <span class=\"_ _0\"></span>413/<span class=\"_ _3\"></span>2014 <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>regula <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>actividad <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>producci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>partir <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y4ce ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">fuentes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>erg\u00eda <span class=\"_ _10\"></span>renovable, <span class=\"_ _10\"></span>cogeneraci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _10\"> </span>residuos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>asegura <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>instalaciones <span class=\"_ _10\"> </span>acogidas <span class=\"_ _10\"> </span>al <span class=\"_ _10\"></span>R\u00e9gimen </div><div class=\"t_1 m0_1 x21 h7_1 y4cf ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Retributivo Es<span class=\"_ _3\"></span>pecial que tienen retribuci\u00f3n<span class=\"_ _3\"></span> a la inversi\u00f3n<span class=\"_ _3\"></span>, una rentabilidad m\u00ednima d<span class=\"_ _3\"></span>el 7,398% a lo lar<span class=\"_ _3\"></span>go de </div><div class=\"t_1 m0_1 x21 h7_1 y4d0 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">su vida regulatoria y<span class=\"_ _3\"></span> hasta 2031, eliminando as\u00ed gran p<span class=\"_ _3\"></span>arte de las incertidumbres aso<span class=\"_ _3\"></span>ciada<span class=\"_ _3\"></span>s a la revisi\u00f3n d<span class=\"_ _3\"></span>el </div><div class=\"t_1 m0_1 x21 h7_1 y4d1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">resto <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>par\u00e1metros<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>retributivos, <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>garantizar <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>retorno <span class=\"_ _0\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _10\"></span>sujetas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>dicho <span class=\"_ _10\"></span>r\u00e9gime<span class=\"_ _2\"></span>n </div><div class=\"t_1 m0_1 x21 h7_1 y4d2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">retributivo (v\u00e9as<span class=\"_ _3\"></span>e Anexo III).  </div><div class=\"t_1 m0_1 x21 h7_1 y4d3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE h<span class=\"_ _3\"></span>ace un <span class=\"_ _3\"></span>seguimiento po<span class=\"_ _3\"></span>rmenorizado de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cambios regulatorios<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>fin de <span class=\"_ _3\"></span>recoger adecuad<span class=\"_ _3\"></span>amente su </div><div class=\"t_1 m0_1 x21 h7_1 y4d4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">impacto en los estad<span class=\"_ _3\"></span>os financieros, as\u00ed como en la<span class=\"_ _3\"></span> ev<span class=\"_ _3\"></span>a<span class=\"ls22\">lu</span>aci\u00f3n de po<span class=\"_ _3\"></span>tenciales inversiones.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> </div></div>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>comercializa <span class=\"_ _3\"></span>toda <span class=\"_ _3\"></span>la energ\u00eda <span class=\"_ _3\"></span>generada <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>destino <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>terceros <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s d<span class=\"_ _3\"></span>el OMEL. <span class=\"_ _3\"></span>Adicionalmente,<span class=\"_ _3\"></span> toda <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>capacidad <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>producci\u00f3n <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>mercado <span class=\"_ _2\"></span>el\u00e9ctrico <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>encuentra<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>sujeta <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>retribuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>regulad<span class=\"_ _3\"></span>a.  Suministro de madera<span class=\"_ _3\"></span> La madera <span class=\"_ _3\"></span>de eucalipto <span class=\"_ _3\"></span>es el principal <span class=\"_ _3\"></span>insumo <span class=\"_ _3\"></span>en la producci\u00f3n <span class=\"_ _3\"></span>de pasta d<span class=\"_ _3\"></span>e celulosa <span class=\"_ _3\"></span>y su precio es<span class=\"_ _3\"></span>t\u00e1 sujeto a <span class=\"_ _f\"></span>fluctuaciones <span class=\"_ _f\"></span>derivadas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cambios <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>equilibrio <span class=\"_ _f\"></span>entr<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>of<span class=\"_ _3\"></span>erta <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>demanda <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>zonas <span class=\"_ _f\"></span>donde <span class=\"_ _f\"></span>se ubican las b<span class=\"_ _3\"></span>iof\u00e1bricas de producci\u00f3n de cel<span class=\"_ _3\"></span>ulosa. El <span class=\"_ _3\"></span>riesgo <span class=\"_ _3\"></span>derivado <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>oferta <span class=\"_ _3\"></span>insu<span class=\"_ _3\"></span>ficiente es <span class=\"_ _3\"></span>mitigado <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la gesti\u00f3n<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el stock, <span class=\"_ _3\"></span>la diversificaci\u00f3n de fuentes de suministro, incluyend<span class=\"_ _3\"></span>o, en determinadas circun<span class=\"_ _3\"></span>stancias, el acceso a mercados internacionales alternativos<span class=\"_ _3\"></span>, que <span class=\"_ _2\"></span>incorporan un mayor coste log\u00edstico.<span class=\"_ _3\"></span> Por su parte, en la me<span class=\"_ _2\"></span>dida en que no hay <span class=\"_ _f\"></span>pr\u00e1ctica <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>uscripci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>contratos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>compra <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>largo <span class=\"_ _f\"></span>plazo, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>riesgo <span class=\"_ _f\"></span>sobre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>compra <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e gestiona referenci\u00e1ndolo <span class=\"_ _3\"></span>cuando es po<span class=\"_ _3\"></span>sible al precio de la celulosa.<span class=\"_ _3\"></span> La sensibilidad<span class=\"_ _3\"></span> en el resultado de explotaci\u00f3n y<span class=\"_ _3\"></span> el patrimonio n<span class=\"_ _3\"></span>eto (antes de impuesto<span class=\"_ _3\"></span>s) a variaciones<span class=\"_ _3\"></span> en el precio de la madera de <span class=\"_ _3\"></span>eucalipto con d<span class=\"_ _3\"></span>estino celulosa se detalla a <span class=\"_ _3\"></span>continuaci\u00f3n:<span class=\"_ _3\"></span> <table class=\"s w2c4 h16f\" id=\"_8373e044-066a-4f04-a88c-df482facf9a2\"><tr><td></td><td></td><td class=\"c x21a yff4 w2bd h170\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x21b yff4 w2be h170\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x21c yffd w2bf h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x21d yffd w2c0 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x21e yffd w2c1 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x21f yffe w39 h65\"><div class=\"t_1 m0_1 x58 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x220 yff7 w2c5 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio Madera<span class=\"_ _65\"> </span></div></td><td class=\"c x221 yff7 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x222 yff7 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x21f yfff w39 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x223 yfff w3a h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x224 yfff w3b h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.982) </div></td><td class=\"c x225 yfff w3c h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.982) </div></td></tr><tr><td></td><td class=\"c x223 y1000 w3a h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x224 y1000 w3b h57\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.982 </div></td><td class=\"c x225 y1000 w3c h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.982 </div></td></tr><tr><td class=\"c x21f y1001 w39 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x223 y1001 w3a h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x224 y1001 w3b h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.729) </div></td><td class=\"c x225 y1001 w3c h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.729) </div></td></tr><tr><td></td><td class=\"c x223 y1002 w3a h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x224 y1002 w3b h57\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.729 </div></td><td class=\"c x225 y1002 w3c h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.729 </div></td></tr></table>Tipo de cambio Las <span class=\"_ _f\"></span>ventas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>realizan <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mercad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>europeo, <span class=\"_ _f\"></span>si <span class=\"_ _f\"></span>bien, <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ingresos provenientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>actividad <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>ven <span class=\"_ _0\"></span>afectados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>USD/EUR <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ar <span class=\"_ _0\"></span>denominado <span class=\"_ _0\"></span>el precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mercado <span class=\"_ _f\"></span>internacio<span class=\"_ _3\"></span>nal <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>USD. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>medida <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>la moneada  funcional,  la  estructu<span class=\"_ _3\"></span>ra  de  costes,  y  la  estructura  financiera  del  Grupo  est\u00e1n  denominad<span class=\"_ _3\"></span>as principalmente <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>euros, <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>fluctu<span class=\"_ _3\"></span>aciones <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cambio <span class=\"_ _3\"></span>entre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>d\u00f3lar <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>euro <span class=\"_ _f\"></span>afectan <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>for<span class=\"_ _f\"></span>ma significativa a los<span class=\"_ _3\"></span> resultados del Grupo.<span class=\"_ _3\"></span> Para  gestionar  y  minimizar  este  riesgo,  ENCE  realiza  un<span class=\"_ _2\"></span>  seguimiento  permanente  de  su  exposici\u00f3n  a fluctuaciones <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>camb<span class=\"_ _3\"></span>io <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>previsiones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>evoluci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cambio <span class=\"_ _3\"></span>USD/E<span class=\"_ _3\"></span>UR, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> en ocasiones, u<span class=\"_ _3\"></span>tiliza estrategias de cob<span class=\"_ _3\"></span>ertura.<span class=\"_ _65\"> </span>Los <span class=\"_ _10\"> </span>activos <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>pasiv<span class=\"_ _3\"></span>os <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>grupo <span class=\"_ _10\"></span>expresados <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>moneda <span class=\"_ _10\"> </span>extranjera <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>31 <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>diciembr<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>202<span class=\"_ _f\"></span>5 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2024<span class=\"ls14\">, </span>mayoritariamente en USD, s<span class=\"_ _3\"></span>on los<span class=\"_ _3\"></span> siguientes:  <table class=\"s w2c6 h172\" id=\"_a86c41b9-08b4-474d-bb9b-d0f348396c4e\"><tr><td class=\"c x227 y1003 w3d h66\"><div class=\"t_1 m0_1 x2e h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x228 y1003 w7_1 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x229 y1003 w8_1 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y1004 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x228 y1004 w7_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.458 </div></td><td class=\"c x229 y1004 w8_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.174 </div></td></tr><tr><td class=\"c x227 y1005 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas por cobrar </div></td><td class=\"c x228 y1005 w7_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.999 </div></td><td class=\"c x229 y1005 w8_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.794 </div></td></tr><tr><td class=\"c x227 y1006 w3d h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas por pagar </div></td><td class=\"c x228 y1006 w7_1 h66\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.611) </div></td><td class=\"c x229 y1006 w8_1 h66\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(558) </div></td></tr><tr><td></td><td class=\"c x228 y1007 w7_1 h66\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.846<span class=\"ls0_1\"> </span></div></td><td class=\"c x229 y1007 w8_1 h66\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">37.410<span class=\"ls0_1\"> </span></div></td></tr></table>La sensibilidad del resultado de explotaci\u00f3n y del patrimonio neto (antes de impuestos), a las apreciaciones o depreciaciones del d\u00f3lar <span class=\"_ _3\"></span>frente al euro se detalla <span class=\"_ _3\"></span>a continuaci\u00f3n:<table class=\"s w2c7 h173\" id=\"_7274853b-8e09-4f57-b309-bb320d3a2cec\"><tr><td></td><td></td><td class=\"c x22b y1008 w2bd h174\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x22c y1008 w2be h174\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x22d yffd w2bf h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x22e yffd w2c0 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x22f yffd w2c1 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x230 y1009 w39 h63\"><div class=\"t_1 m0_1 x58 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x231 y100a w2c8 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Cambio US$/\u20ac<span class=\"_ _65\"> </span></div></td><td class=\"c x232 y100a w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x233 y100a w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x230 y100b w39 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x234 y100b w3e h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x235 y100b w3f h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.181 </div></td><td class=\"c x236 y100b w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.181 </div></td></tr><tr><td></td><td class=\"c x234 y100c w3e h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x235 y100c w3f h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.257) </div></td><td class=\"c x236 y100c w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.257) </div></td></tr><tr><td class=\"c x230 y100d w39 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x234 y100d w3e h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x235 y100d w3f h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.494 </div></td><td class=\"c x236 y100d w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.494 </div></td></tr><tr><td></td><td class=\"c x234 y100e w3e h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x235 y100e w3f h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.347) </div></td><td class=\"c x236 y100e w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.347) </div></td></tr></table>Tipo de inter\u00e9s<span class=\"_ _3\"></span> Las variaciones <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>tipos de <span class=\"_ _d\"></span>inter\u00e9s<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>pueden <span class=\"_ _2\"></span>afectar al <span class=\"_ _d\"></span>in<span class=\"_ _3\"></span>greso o <span class=\"_ _d\"></span>gasto por <span class=\"_ _2\"></span>intereses <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>activos y <span class=\"_ _d\"></span>pas<span class=\"_ _3\"></span>ivos financieros referenciados <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>tipo de <span class=\"_ _d\"></span>inter<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _2\"></span>variable, <span class=\"_ _2\"></span>pudien<span class=\"_ _3\"></span>do <span class=\"_ _2\"></span>modificar <span class=\"_ _2\"></span>tambi\u00e9n el <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor razonable <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> activos <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>tratados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _f\"></span>fijo. <span class=\"_ _0\"></span>Adicionalmente, <span class=\"_ _f\"></span>esta<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>variaciones <span class=\"_ _0\"></span>pueden afectar <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>valor <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>libros <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>pasivos <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>tasas <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>descuento <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>flujos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>caja aplicables, a la renta<span class=\"_ _3\"></span>bilidad de las invers<span class=\"_ _3\"></span>iones y al coste futuro d<span class=\"_ _3\"></span>e captac<span class=\"_ _3\"></span>i\u00f3n de recurso<span class=\"_ _3\"></span>s financieros.<span class=\"_ _3\"></span> El objetiv<span class=\"_ _3\"></span>o de la <span class=\"_ _3\"></span>gesti\u00f3n de <span class=\"_ _3\"></span>este riesgo <span class=\"_ _3\"></span>es mantener <span class=\"_ _3\"></span>un equ<span class=\"_ _3\"></span>ilibrio entre la <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>a tipo de in<span class=\"_ _3\"></span>ter\u00e9s variab<span class=\"_ _3\"></span>le y tipo <span class=\"_ _3\"></span>fijo <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>permita <span class=\"_ _3\"></span>manten<span class=\"_ _3\"></span>er <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>deuda <span class=\"_ _3\"></span>dentro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>par\u00e1metros <span class=\"_ _3\"></span>establecidos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ol\u00edtica de gesti\u00f3n de riesgos.<span class=\"_ _3\"></span> El  endeudamiento  d<span class=\"_ _3\"></span>e  ENCE  proviene  de  aquellos  instrumentos<span class=\"_ _3\"></span>  financieros  m\u00e1s <span class=\"_ _16\"> </span>competitivos  en  cada momento, tanto<span class=\"_ _3\"></span> de mercados d<span class=\"_ _3\"></span>e capitales como bancarios<span class=\"_ _3\"></span>, y d<span class=\"_ _3\"></span>e acuerdo a las con<span class=\"_ _3\"></span>diciones de mercado que sean <span class=\"_ _10\"> </span>\u00f3ptimas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>cada <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>ellos. <span class=\"_ _10\"> </span>As\u00ed <span class=\"_ _10\"> </span>mis<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>mitiga  e<span class=\"_ _2\"></span>ste <span class=\"_ _10\"> </span>riesgo <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>contrata<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"> </span>de derivados d<span class=\"_ _3\"></span>e tipo de inter\u00e9s que intercambian flujo<span class=\"_ _3\"></span>s variables p<span class=\"_ _3\"></span>or fijos.<span class=\"_ _3\"></span> La <span class=\"_ _3\"></span>estructu<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _3\"></span>financie<span class=\"ls1d\">ra</span> <span class=\"_ _f\"></span>(excluyendo <span class=\"_ _3\"></span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>derecho <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>uso <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>financiaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>organismos p\u00fablicos) a <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>2024, <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>vez <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>sideradas la<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>coberturas <span class=\"_ _2\"></span>contratadas, es<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _3\"></span> <table class=\"s w2c9 h176\" id=\"_d3fe834e-4a0f-4c64-bbfa-0390ba7b45e2\"><tr><td></td><td class=\"c x238 y100f w40 h66\"><div class=\"t_1 m0_1 x11 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa </div></td><td></td><td class=\"c x239 y100f w42 h66\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables </div></td><td></td></tr><tr><td class=\"c x23a y1010 w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td class=\"c x238 y1010 w7_1 h66\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b y1010 w8_1 h66\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x239 y1010 w43 h66\"><div class=\"t_1 m0_1 x57 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x23c y1010 w44 h66\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x23a y1011 w16 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo inter\u00e9s fijo </div></td><td class=\"c x238 y1011 w7_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.715 </div></td><td class=\"c x23b y1011 w8_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">175.534 </div></td><td class=\"c x239 y1011 w43 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">129.029 </div></td><td class=\"c x23c y1011 w44 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">126.286 </div></td></tr><tr><td class=\"c x23a y1012 w16 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo inter\u00e9s Variable </div></td><td class=\"c x238 y1012 w7_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">194.657 </div></td><td class=\"c x23b y1012 w8_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">176.209 </div></td><td class=\"c x239 y1012 w43 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.816 </div></td><td class=\"c x23c y1012 w44 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41.266 </div></td></tr><tr><td class=\"c x23a y1013 w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones e intereses </div></td><td class=\"c x238 y1013 w7_1 h66\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">242<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b y1013 w8_1 h66\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.533 </div></td><td class=\"c x239 y1013 w43 h66\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.769) </div></td><td class=\"c x23c y1013 w44 h66\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.133) </div></td></tr><tr><td class=\"c x23a yffb w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total (Nota 28<span class=\"lsc\">.1</span>) </div></td><td class=\"c x238 yffb w7_1 h66\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">362.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b yffb w8_1 h66\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">353.276<span class=\"ls0_1\"> </span></div></td><td class=\"c x239 yffb w43 h66\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">165.076<span class=\"ls0_1\"> </span></div></td><td class=\"c x23c yffb w44 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.419<span class=\"ls0_1\"> </span></div></td></tr></table>La tasa d<span class=\"_ _3\"></span>e inter\u00e9s variable est\u00e1 sujeta a<span class=\"_ _3\"></span> las oscilaciones del Eu<span class=\"_ _3\"></span>ribo<span class=\"_ _3\"></span><span class=\"ls1d\">r.</span> La sens<span class=\"_ _3\"></span>ibilidad d<span class=\"_ _3\"></span>el resultado <span class=\"_ _3\"></span>de explotaci\u00f3n <span class=\"_ _3\"></span>y d<span class=\"_ _3\"></span>el patrimon<span class=\"_ _3\"></span>io n<span class=\"_ _3\"></span>eto (antes <span class=\"_ _3\"></span>de impuesto<span class=\"_ _3\"></span>s), <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>variaci\u00f3n en 50 puntos b<span class=\"_ _3\"></span>\u00e1sicos en el tipo de inter\u00e9s<span class=\"_ _3\"></span>, se detalla a con<span class=\"_ _3\"></span>tinuaci\u00f3n: Efecto en<span class=\"_ _65\"> </span>Efecto en<span class=\"_ _65\"> </span>Variaci\u00f3n<span class=\"_ _65\"> </span>resultado antes<span class=\"_ _65\"> </span>patrimonio neto<span class=\"_ _65\"> </span>Miles \u20ac<span class=\"ff2\"> </span>Tipo Inter\u00e9s<span class=\"_ _65\"> </span>impuestos (-)/+<span class=\"_ _65\"> </span>(-)/+<span class=\"_ _65\"> </span>2025<span class=\"ls0_1\"> </span>Incremento 50 pb (1.203) 983<span class=\"ls0_1\"> </span>Descenso 50 pb 1.203 (1.202) 2024<span class=\"ls0_1\"> </span>Incremento 50 pb (1.172) 1.537 Descenso 50 pb 1.172 (1.958)<span class=\"_ _65\"> </span>5.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgo de Cr\u00e9dito </span>El <span class=\"_ _2\"></span>riesgo <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>defin<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>posibilidad de <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>tercero <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>cumpla con <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>us obligaciones <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>pago, originando <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>ello <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>\u00e9rdidas <span class=\"_ _f\"></span>crediticias<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>Este <span class=\"_ _f\"></span>riesgo, <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>mayor <span class=\"_ _f\"></span>parte, <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>eval\u00faa <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>trola <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _65\"> </span>forma <span class=\"_ _d\"></span>ind<span class=\"_ _3\"></span>ividualizada <span class=\"_ _2\"></span>para <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>cliente <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>medida <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>este <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go, <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>inculado <span class=\"_ _d\"></span>principalmente <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>n<span class=\"_ _3\"></span>egocio celulosa, se concentra<span class=\"_ _3\"></span> en un n\u00famero reducido de cli<span class=\"_ _3\"></span>entes<span class=\"_ _3\"></span>. El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _3\"></span>de forma <span class=\"_ _3\"></span>peri\u00f3dica <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>existencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>evidencias<span class=\"_ _3\"></span> ob<span class=\"_ _3\"></span>jetivas d<span class=\"_ _3\"></span>e deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>despu\u00e9s <span class=\"_ _3\"></span>del reconocimiento <span class=\"_ _d\"></span>inicial<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>a<span class=\"_ _3\"></span>ctivo <span class=\"_ _d\"></span>financiero. <span class=\"_ _2\"></span>Entre <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>factores <span class=\"_ _2\"></span>considerados <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>dicha <span class=\"_ _d\"></span>evalu<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _d\"></span>desta<span class=\"_ _3\"></span>can; la <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>t\u00eda <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _f\"></span>pendiente <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cob<span class=\"_ _3\"></span>ro <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>cliente, <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>coberturas <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>seguro <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cr<span class=\"_ _3\"></span>\u00e9dito <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponibles, <span class=\"_ _f\"></span>la antig\u00fcedad <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>deuda, <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>existencia <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ituaciones <span class=\"_ _13\"> </span>concursales, <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>clusiones <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>an\u00e1lisis <span class=\"_ _13\"> </span>de solvencia realizados<span class=\"_ _3\"></span> sobre los clientes.<span class=\"_ _3\"></span> Deudores comerciales y <span class=\"_ _3\"></span>otras cuenta<span class=\"_ _3\"></span>s a cobrar Los s<span class=\"_ _3\"></span>aldos comerciales <span class=\"_ _3\"></span>se reflejan <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de Situaci\u00f3n <span class=\"_ _3\"></span>Financiera cons<span class=\"_ _3\"></span>olidado <span class=\"_ _3\"></span>netos de d<span class=\"_ _3\"></span>eterioro. Los deterioros <span class=\"_ _f\"></span>acumulados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>registrados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>ascienden <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>5.909 <span class=\"_ _0\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4.</span>990 miles <span class=\"_ _10\"> </span>\u20ac, <span class=\"_ _13\"> </span>respectivamente. <span class=\"_ _13\"> </span>En <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>siguiente <span class=\"_ _10\"> </span>cuadro<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>antig\u00fc<span class=\"_ _3\"></span>edad <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>euda <span class=\"_ _10\"> </span>comercial <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> deterioros registrados<span class=\"_ _3\"></span> (incluye p\u00e9rdida esp<span class=\"_ _3\"></span>erada):<span class=\"_ _3\"></span> <table class=\"s w2ce h179\" id=\"_19a0e5e0-8d38-46ef-8929-8b3f4d6206db\"><tr><td></td><td></td><td class=\"c x24a y101c w4e h6b\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td class=\"c x24b y101c w4f h6b\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x24c y101d w49 h6b\"><div class=\"t_1 m0_1 x10 h58 y510 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x24a y101d w50 h6b\"><div class=\"t_1 m0_1 xf h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo a cobrar </div></td><td class=\"c x24d y101d w51 h6b\"><div class=\"t_1 m0_1 xf h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro </div></td><td class=\"c x24b y101d w52 h6b\"><div class=\"t_1 m0_1 xe h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo a cobrar </div></td><td class=\"c x24e y101d w7_1 h6b\"><div class=\"t_1 m0_1 x86 h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro </div></td></tr><tr><td class=\"c x24c y101e w49 h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">No vencido </div></td><td class=\"c x24a y101e w50 h6c\"><div class=\"t_1 m0_1 x15 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.375 </div></td><td class=\"c x24d y101e w51 h6c\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y101e w52 h6c\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41.605 </div></td><td class=\"c x24e y101e w7_1 h6c\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x24c y101f w49 h6d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido 0- 30 d\u00edas </div></td><td class=\"c x24a y101f w50 h6d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.278 </div></td><td class=\"c x24d y101f w51 h6d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x24b y101f w52 h6d\"><div class=\"t_1 m0_1 x99 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.983 </div></td><td class=\"c x24e y101f w7_1 h6d\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">611<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x24c y1020 w49 h6d\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido 30-180 d\u00edas </div></td><td class=\"c x24a y1020 w50 h6d\"><div class=\"t_1 m0_1 x1d h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.078 </div></td><td class=\"c x24d y1020 w51 h6d\"><div class=\"t_1 m0_1 x11 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">272<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y1020 w52 h6d\"><div class=\"t_1 m0_1 x99 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.960 </div></td><td class=\"c x24e y1020 w7_1 h6d\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x24c y1021 w49 h6e\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido &gt; 180 d\u00edas </div></td><td class=\"c x24a y1021 w50 h6e\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.547 </div></td><td class=\"c x24d y1021 w51 h6e\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.548 </div></td><td class=\"c x24b y1021 w52 h6e\"><div class=\"t_1 m0_1 x99 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.326 </div></td><td class=\"c x24e y1021 w7_1 h6e\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.326 </div></td></tr><tr><td></td><td class=\"c x24a y1022 w50 h47\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">37.278<span class=\"ls0_1\"> </span></div></td><td class=\"c x24d y1022 w51 h47\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.<span class=\"ls0_1\">9</span>10<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y1022 w52 h47\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.874<span class=\"ls0_1\"> </span></div></td><td class=\"c x24e y1022 w7_1 h47\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.990<span class=\"ls0_1\"> </span></div></td></tr></table>ENCE <span class=\"_ _0\"></span>cuenta <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>sistemas <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>pios <span class=\"_ _0\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>evaluaci\u00f3n <span class=\"_ _0\"></span>crediticia <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ermanente <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>todos <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>deudores <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la determinaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l\u00edmites <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>riesgo <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traparte, <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>basan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>informaci\u00f3n <span class=\"_ _f\"></span>de s<span class=\"_ _3\"></span>olvencia <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponible, en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>profundo <span class=\"_ _3\"></span>conocimiento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los clientes <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>negocio <span class=\"_ _3\"></span>celulosa, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los an\u00e1lisis <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>evaluaci\u00f3n <span class=\"_ _3\"></span>crediticia realizados por entid<span class=\"_ _3\"></span>ades de seguro de cr\u00e9dito de re<span class=\"_ _3\"></span>conocido prestigio.<span class=\"_ _f\"></span> Actividad Venta <span class=\"_ _3\"></span>Celulosa Este <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>concentra <span class=\"_ _f\"></span>saldos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>rar <span class=\"_ _f\"></span>recogidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cDeudores <span class=\"_ _f\"></span>comerciales <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>otras <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a cobrar\u201d por importe d<span class=\"_ _3\"></span>e <span class=\"ff3\">19.110 </span>miles \u20ac, d<span class=\"_ _3\"></span>eteriorados d<span class=\"_ _3\"></span>e forma acumulada en <span class=\"_ _3\"></span><span class=\"ff3\">5.562 </span>miles \u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>c<span class=\"_ _3\"></span>r\u00e9dito <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribu<span class=\"_ _3\"></span>ye <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>1<span class=\"ls10\">00</span>-200 <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otr<span class=\"_ _3\"></span>as <span class=\"_ _0\"></span>contrapartes. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>concentra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _0\"></span>m\u00e1xima <span class=\"_ _0\"></span>de riesgo con un t<span class=\"_ _3\"></span>ercero en 2025<span class=\"_ _3\"></span> y 2<span class=\"ls10\">02</span>4 es del 10% y el 1<span class=\"_ _3\"></span>2% de las v<span class=\"_ _3\"></span>entas de celulosa<span class=\"_ _3\"></span>, respectivamente. Para <span class=\"_ _0\"></span>mitigar <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>riesgo, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>pera <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>clientes <span class=\"_ _10\"></span>con <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>historial <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _10\"></span>sin <span class=\"_ _0\"></span>insolvencias <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>alt<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>calidad crediticia, <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>sigue<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la pol\u00edtica <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>vender <span class=\"_ _2\"></span>mayoritariamente a <span class=\"_ _d\"></span>clientes cubiertos por <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>programas <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>eguro de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _f\"></span>contratados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>ENCE, <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>cuales <span class=\"_ _3\"></span>proporcion<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>cobertura <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>aproximadamente <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>90% <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el importe <span class=\"_ _17\"> </span>facturad<span class=\"_ _3\"></span>o. <span class=\"_ _17\"> </span>Estas<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>medidas <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>complementan<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _1a\"> </span>ejecuci\u00f3n, <span class=\"_ _17\"> </span>peri\u00f3dica<span class=\"_ _3\"></span>mente, <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>an<span class=\"_ _3\"></span>\u00e1lisis espec\u00edficos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>solv<span class=\"_ _3\"></span>encia <span class=\"_ _0\"></span>financi<span class=\"_ _3\"></span>era <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>principales <span class=\"_ _0\"></span>clie<span class=\"_ _3\"></span>ntes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la<span class=\"_ _65\"> </span>inclusi\u00f3n, <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>det<span class=\"_ _3\"></span>erminadas situaciones, d<span class=\"_ _3\"></span>e cl\u00e1usulas espec\u00edficas en los contrato<span class=\"_ _3\"></span>s de venta dirigidas a<span class=\"_ _3\"></span> garantizar el cobro.<span class=\"_ _f\"></span> La <span class=\"_ _3\"></span>calificaci\u00f3n <span class=\"_ _3\"></span>crediticia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nuestro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>clientes <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>pendientes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobro <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e 202<span class=\"_ _f\"></span>5 <span class=\"_ _3\"></span><span class=\"ls24\">y </span>202<span class=\"ls0_1\">4, considerando<span class=\"_ _3\"></span> la evaluaci\u00f3n realizada <span class=\"_ _3\"></span>por nuestras as<span class=\"_ _3\"></span>eguradoras es la siguiente:</span><table class=\"s w2cf h17a\" id=\"_4a0aaa78-01a2-4fdf-b2eb-1c80989764ea\"><tr><td></td><td class=\"c x250 y1023 w7_1 h71\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1023 w54 h71\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1024 w53 h71\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nivel de Riesgo- </div></td><td></td><td></td></tr><tr><td class=\"c x252 y1025 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bajo </div></td><td class=\"c x250 y1025 w7_1 h1d\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">43%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1025 w54 h1d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">52%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1026 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Medio </div></td><td class=\"c x250 y1026 w7_1 h1d\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">43%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1026 w54 h1d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1027 w53 h72\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Medio-alto </div></td><td class=\"c x250 y1027 w7_1 h72\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">11%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1027 w54 h72\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1028 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Alto </div></td><td class=\"c x250 y1028 w7_1 h1d\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">3%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1028 w54 h1d\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">3%<span class=\"ls0_1\"> </span></div></td></tr></table>Actividad Venta E<span class=\"_ _3\"></span>nerg\u00eda Este <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>concentra <span class=\"_ _f\"></span>saldos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>rar <span class=\"_ _f\"></span>recogidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cDeudores <span class=\"_ _f\"></span>comerciales <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>otras <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a cobrar\u201d por importe d<span class=\"_ _3\"></span>e <span class=\"ff3\">20.633 </span>miles \u20ac, d<span class=\"_ _3\"></span>eteriorados d<span class=\"_ _3\"></span>e forma acumulada en <span class=\"_ _3\"></span><span class=\"ff3 ls10\">347<span class=\"ls0_1\"> </span></span>miles \u20ac<span class=\"_ _3\"></span>.<span class=\"ff3\">  </span>Durante <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>la energ\u00eda <span class=\"_ _3\"></span>generada, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> el <span class=\"_ _3\"></span>marco <span class=\"_ _3\"></span>regulatorio <span class=\"_ _3\"></span>el\u00e9ctrico <span class=\"_ _3\"></span>en v<span class=\"_ _3\"></span>igor, se ha vendid<span class=\"_ _3\"></span>o a trav\u00e9s del Mercado I<span class=\"_ _3\"></span>b\u00e9rico de Electricidad (MIBE<span class=\"_ _3\"></span>L), cobrando lo<span class=\"_ _3\"></span>s ingresos del operador d<span class=\"_ _3\"></span>el mercado OMIE que cuenta con un <span class=\"_ _2\"></span>sistema de garant\u00eda de <span class=\"_ _2\"></span>pagos, y de <span class=\"_ _2\"></span>la Comisi\u00f3n<span class=\"_ _3\"></span> Nacional de <span class=\"_ _2\"></span>los Mercados y  la <span class=\"_ _16\"> </span>Competencia <span class=\"_ _16\"> </span>(CNMC), <span class=\"_ _16\"> </span>ente  regu<span class=\"_ _3\"></span>lador  d<span class=\"_ _3\"></span>e  los <span class=\"_ _16\"> </span>mercados<span class=\"_ _3\"></span>  energ\u00e9ticos <span class=\"_ _16\"> </span>de  Es<span class=\"_ _3\"></span>pa\u00f1a, <span class=\"_ _16\"> </span>dependiente  de<span class=\"_ _3\"></span>l Ministerio <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>Industria<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>En <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>mayor <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>sald<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cobrar <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>esta<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>actividad <span class=\"_ _0\"></span>lo <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>tos organismos. Al tratarse de saldos <span class=\"_ _2\"></span>soportados en \u00faltima instancia por el <span class=\"_ _2\"></span>estado espa\u00f1ol, la <span class=\"_ _2\"></span>p\u00e9rdida esperada considerada es <span class=\"_ _3\"></span>insignificante. Tesorer\u00eda En <span class=\"_ _2\"></span>relaci\u00f3n <span class=\"_ _d\"></span>al e<span class=\"_ _2\"></span>p\u00edgrafe <span class=\"_ _d\"></span>\u201c<span class=\"_ _3\"></span>Efectivo <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span><span class=\"ff3\">t</span>ros <span class=\"_ _2\"></span>medios <span class=\"_ _2\"></span>equivalente\u201d <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Estado de <span class=\"_ _d\"></span>Situaci\u00f3n <span class=\"_ _2\"></span>Financiera <span class=\"_ _d\"></span>conso<span class=\"_ _3\"></span>lidado, el rating promedio de las<span class=\"_ _3\"></span> contrapartes es en<span class=\"_ _3\"></span> un 100 %<span class=\"_ _3\"></span> investment grade (9<span class=\"_ _3\"></span>9% en 2024).<span class=\"_ _65\"> </span>5.3<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgos de liquidez y cap<span class=\"_ _2\"></span>ital </span>La <span class=\"_ _3\"></span>exposici\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>situacion<span class=\"_ _3\"></span>es advers<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>capitales <span class=\"_ _3\"></span>puede <span class=\"_ _3\"></span>dificultar <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>impedir <span class=\"_ _3\"></span>la cobertura de <span class=\"_ _2\"></span>las necesidades f<span class=\"_ _2\"></span>inancieras que <span class=\"_ _2\"></span>se requieren <span class=\"_ _d\"></span>para el desarrollo <span class=\"_ _2\"></span>adecuado de <span class=\"_ _2\"></span>las actividades <span class=\"_ _2\"></span>del Grupo y su<span class=\"_ _3\"></span> Plan de Negocio futuro. <span class=\"_ _3\"></span> La <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ol\u00edtica <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>liquidez <span class=\"_ _f\"></span>seguida <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>est\u00e1<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>orientad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>garantizar <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>disponibilidad <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>fondos <span class=\"_ _3\"></span>necesarios para <span class=\"_ _10\"> </span>as<span class=\"_ _3\"></span>egurar <span class=\"_ _10\"></span>el <span class=\"_ _10\"> </span>cumplimiento <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>obligaciones <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>quiridas <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>des<span class=\"_ _3\"></span>arrollo <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>sus <span class=\"_ _10\"> </span>planes <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>negocio, manteniendo en <span class=\"_ _3\"></span>todo <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>el nivel \u00f3p<span class=\"_ _3\"></span>timo d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>recursos l\u00edqu<span class=\"_ _3\"></span>idos y <span class=\"_ _3\"></span>procurando <span class=\"_ _3\"></span>la mayor eficiencia <span class=\"_ _3\"></span>en la gesti\u00f3n de los recurs<span class=\"_ _3\"></span>os financieros.<span class=\"_ _65\"> </span>Cada uno de los dos negocios de <span class=\"_ _2\"></span>ENCE se financia y gestiona de manera <span class=\"_ _2\"></span>individualiz<span class=\"_ _3\"></span>ada, teniendo en cuenta sus caracter\u00edsticas<span class=\"_ _3\"></span>, sin existir recursos o garan<span class=\"_ _3\"></span>t\u00edas significativas entre ambo<span class=\"_ _3\"></span>s. Este <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>uno de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>riesgos <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>siguen <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>mayor <span class=\"_ _f\"></span>atenci\u00f3n <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>parte <span class=\"_ _f\"></span>de E<span class=\"_ _3\"></span>NCE, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>lleva a <span class=\"_ _f\"></span>cabo un <span class=\"_ _10\"></span>control <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span>seguimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ecesidades <span class=\"_ _10\"></span>financieras <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>esde <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>elaboraci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>previsiones <span class=\"_ _10\"></span>de tesorer\u00eda <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la planificaci\u00f3n <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>ciera qu<span class=\"_ _3\"></span>e acom<span class=\"_ _3\"></span>pa\u00f1a <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>presupuestos <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>y al <span class=\"_ _3\"></span>plan <span class=\"_ _3\"></span>estrat\u00e9gico. <span class=\"_ _3\"></span>ENCE mantiene fuentes d<span class=\"_ _3\"></span>e financiaci\u00f3n d<span class=\"_ _3\"></span>iversificadas y esta<span class=\"_ _3\"></span>bles. En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>sistema <span class=\"_ _f\"></span>global <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>control <span class=\"_ _f\"></span>econ\u00f3mico <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>presupuestario <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>cada negocio, <span class=\"_ _2\"></span>adaptad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cada <span class=\"_ _2\"></span>actividad, que <span class=\"_ _2\"></span>proporciona la <span class=\"_ _d\"></span>informaci\u00f3n necesaria <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los responsables <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>negocio y les permite controlar los<span class=\"_ _3\"></span> riesgos p<span class=\"_ _3\"></span>otenciales y<span class=\"_ _3\"></span> adoptar las decisiones de gesti\u00f3<span class=\"_ _3\"></span>n m\u00e1s adecuadas.<span class=\"_ _65\"> </span>En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"_ _2\"></span>ENCE mantiene al 31 de <span class=\"_ _2\"></span>diciembre de 202<span class=\"_ _3\"></span>5 recursos en <span class=\"_ _d\"></span>efectiv<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>y otros <span class=\"_ _d\"></span>instru<span class=\"_ _3\"></span>mentos <span class=\"_ _2\"></span>financieros <span class=\"_ _d\"></span>l\u00edqu<span class=\"_ _3\"></span>idos <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>l\u00edneas <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _d\"></span>no dispuestas <span class=\"_ _2\"></span>suficientes <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _d\"></span>cu<span class=\"_ _3\"></span>brir<span class=\"_ _3\"></span><span class=\"ls19\">, </span>en una parte relevan<span class=\"_ _3\"></span>te, sus<span class=\"_ _3\"></span> obligaciones a corto plaz<span class=\"_ _3\"></span>o (v\u00e9anse Notas<span class=\"_ _3\"></span> 27 y 28). Asimismo, <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>ha <span class=\"_ _13\"> </span>establecido <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>n<span class=\"_ _3\"></span>ivel <span class=\"_ _10\"> </span>de  e<span class=\"_ _2\"></span>ndeudamiento<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>n<span class=\"_ _3\"></span>eto <span class=\"_ _10\"> </span>ob<span class=\"_ _3\"></span>jetivo <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>aptado <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>perfil <span class=\"_ _10\"></span>de <span class=\"_ _13\"> </span>potencial volatilidad <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ingresos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>distin<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>negocios <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o. <span class=\"_ _3\"></span>En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>este <span class=\"_ _f\"></span>sentido <span class=\"_ _3\"></span>dicho<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nivel <span class=\"_ _f\"></span>objetivo <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>el Negocio <span class=\"_ _10\"> </span>Celulosa <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>ha <span class=\"_ _10\"> </span>estab<span class=\"_ _3\"></span>lecido <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>2,5 <span class=\"_ _10\"></span>veces<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>resultado <span class=\"_ _10\"> </span>bruto <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>explotaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>(EBITDA) <span class=\"_ _10\"></span>recurrente considerando un precio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la celulosa <span class=\"_ _2\"></span>y del <span class=\"_ _2\"></span>d\u00f3lar medios <span class=\"_ _2\"></span>del cic<span class=\"_ _2\"></span>lo, y <span class=\"_ _2\"></span>de 5 <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>eces e<span class=\"_ _2\"></span>n el <span class=\"_ _2\"></span>Negocio de <span class=\"_ _2\"></span>Renovables. <span class=\"_ _3\"></span> La  deuda  finan<span class=\"_ _3\"></span>ciera  neta  y <span class=\"_ _16\"> </span>el  EBITDA  son <span class=\"_ _16\"> </span>magnitudes  n<span class=\"_ _3\"></span>o  desglosad<span class=\"_ _3\"></span>as  en  los <span class=\"_ _16\"> </span>estados  financieros.  Su cuantificaci\u00f3n <span class=\"_ _3\"></span>as\u00ed como <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>reconciliaci\u00f3n con <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>estados financieros <span class=\"_ _3\"></span>se detallan<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>el Anexo I <span class=\"_ _3\"></span>al In<span class=\"_ _3\"></span>forme de Gesti\u00f3n <span class=\"_ _3\"></span>sobre <span class=\"_ _f\"></span>Actividad <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5. <span class=\"_ _f\"></span>El <span class=\"_ _3\"></span>endeudamiento<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>neto <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _f\"></span>al 3<span class=\"_ _3\"></span>1 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dici<span class=\"_ _3\"></span>embre <span class=\"_ _3\"></span>de 202<span class=\"ls0_1\">5 y 2024 <span class=\"ff6\">calculad<span class=\"_ _3\"></span>o como \u201cd<span class=\"_ _3\"></span>euda financiera neta / EBITD<span class=\"_ _3\"></span>A\u201d es el siguiente<span class=\"_ _3\"></span></span>: </span><table class=\"s w2d0 h17b\" id=\"_b8363099-d519-4d8a-83ab-c765b44c9702\"><tr><td class=\"c x254 y1029 w55 h74\"><div class=\"t_1 m0_1 x10 h58 y54f ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Millones \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x255 y1029 w56 h74\"><div class=\"t_1 m0_1 x2f h58 y54f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa </div></td><td></td><td></td><td class=\"c x256 y1029 w57 h74\"><div class=\"t_1 m0_1 xe h58 y54f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables </div></td></tr><tr><td></td><td class=\"c x255 y102a w58 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x257 y102a w59 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x256 y102a w5a h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x258 y102a w59 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x254 y102b w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera neta </div></td><td class=\"c x255 y102b w58 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">268,7 </div></td><td class=\"c x257 y102b w59 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">255,9 </div></td><td class=\"c x256 y102b w5a h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">111,9 </div></td><td class=\"c x258 y102b w59 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78,8 </div></td></tr><tr><td class=\"c x254 y102c w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EBITDA (*) </div></td><td class=\"c x255 y102c w58 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">55,9 </div></td><td class=\"c x257 y102c w59 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">138,2 </div></td><td class=\"c x256 y102c w5a h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27,4 </div></td><td class=\"c x258 y102c w59 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">26,3 </div></td></tr><tr><td class=\"c x254 y102d w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ratio Deuda neta /EBITDA  </div></td><td class=\"c x255 y102d w58 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,8 </div></td><td class=\"c x257 y102d w59 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,9 </div></td><td class=\"c x256 y102d w5a h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,1 </div></td><td class=\"c x258 y102d w59 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3,0 </div></td></tr></table> (*) Magnitud no <span class=\"_ _2\"></span>desglosada en el <span class=\"_ _2\"></span>Estado de Resultado <span class=\"_ _2\"></span>Consolidado y no d<span class=\"_ _2\"></span>efinida en las NIIF. <span class=\"_ _2\"></span>V\u00e9ase definici\u00f3n de d<span class=\"_ _2\"></span>icha magnitud as\u00ed como reconciliaci\u00f3n con el estado de<span class=\"_ _2\"></span> resultado consolidado en el Anexo \u201cInforme de Resultados 2025\" al<span class=\"_ _2\"></span> Informe de Gesti\u00f3n Consolidado del ejercicio 2025.<span class=\"fs3\"> </span>La informaci\u00f3n <span class=\"_ _2\"></span>relativa al <span class=\"_ _2\"></span>an\u00e1lisis de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>encimientos de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>pasivos financieros a<span class=\"_ _2\"></span> que <span class=\"_ _2\"></span>hace <span class=\"_ _2\"></span>referencia la <span class=\"_ _2\"></span>NIIF 7 <span class=\"_ _3\"></span><span class=\"ls0_1\">as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>cumplimiento de <span class=\"_ _3\"></span>obligaciones <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>umidas <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>suscrita <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>encuentra </span>recogida en la Nota 28 d<span class=\"_ _3\"></span>e esta memoria.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "5.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgos de mercado </span>El <span class=\"_ _f\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>mercado <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>otencial <span class=\"_ _f\"></span>ante <span class=\"_ _0\"></span>movimientos <span class=\"_ _0\"></span>adversos <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>variables <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>mercado. <span class=\"_ _f\"></span>El<span class=\"_ _3\"></span> Grupo est\u00e1<span class=\"_ _3\"></span> expuesto <span class=\"_ _3\"></span>a d<span class=\"_ _3\"></span>iversos <span class=\"_ _3\"></span>tipos <span class=\"_ _3\"></span>de riesgos<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>mercado: <span class=\"_ _3\"></span>de pre<span class=\"_ _3\"></span>cio de <span class=\"_ _3\"></span>venta <span class=\"_ _3\"></span>de la<span class=\"_ _3\"></span> cel<span class=\"_ _3\"></span>ulosa y<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>energ\u00eda renovable, de <span class=\"_ _2\"></span>tipo de <span class=\"_ _2\"></span>cambio, <span class=\"_ _2\"></span>de tipo <span class=\"_ _2\"></span>de inter\u00e9s, de <span class=\"_ _2\"></span>regulaci\u00f3n, y<span class=\"_ _2\"></span> de <span class=\"_ _2\"></span>precio <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>materias <span class=\"_ _2\"></span>primas utilizadas en los procesos<span class=\"_ _3\"></span> productivos. ENCE <span class=\"_ _0\"></span>realiza <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>seguimiento <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>exposici\u00f3n <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>t\u00e9rminos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sen<span class=\"_ _3\"></span>sibilidades. <span class=\"_ _13\"> </span>Estos an\u00e1lisis <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>complementan <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>otra<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>medidas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>gesti\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>riesgo <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>aq<span class=\"_ _3\"></span>uellas <span class=\"_ _10\"> </span>ocasiones <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>la naturaleza de las<span class=\"_ _3\"></span> posiciones de riesgo <span class=\"_ _3\"></span>as\u00ed lo requ<span class=\"_ _3\"></span>iere, entre ellas, el esta<span class=\"_ _3\"></span>blecimiento de l\u00ed<span class=\"_ _3\"></span>mites m\u00e1ximos d<span class=\"_ _3\"></span>e riesgo, que son<span class=\"_ _3\"></span> definidos por el Comit\u00e9 de Dir<span class=\"_ _3\"></span>ecci\u00f3n.<span class=\"_ _3\"></span> Precio de la celulosa <span class=\"_ _3\"></span> El <span class=\"_ _13\"> </span>precio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>celulosa  BEKP <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>un <span class=\"_ _13\"> </span>mercado <span class=\"_ _13\"> </span>activo  y <span class=\"_ _10\"> </span>su  evoluci\u00f3n <span class=\"_ _13\"> </span>determina <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>forma significativa <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>volumen <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>ingresos <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>rentabilidad <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>G<span class=\"_ _3\"></span>rupo. <span class=\"_ _f\"></span>Las <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>ariaciones <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>pas<span class=\"_ _3\"></span>ta <span class=\"_ _f\"></span>de celulosa modifican los flujo<span class=\"_ _3\"></span>s de efectivo ob<span class=\"_ _3\"></span>tenido<span class=\"_ _3\"></span>s por su venta. <span class=\"_ _3\"></span> Adicionalmente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _10\"></span>celulosa <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>marcad<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _0\"></span>c\u00edclico <span class=\"_ _0\"></span>habiendo <span class=\"_ _10\"></span>experime<span class=\"_ _2\"></span>ntado <span class=\"_ _10\"></span>una considerable volatilid<span class=\"_ _3\"></span>ad en los \u00faltimos a\u00f1os. E<span class=\"_ _3\"></span>ste comportamiento del precio est\u00e1<span class=\"_ _3\"></span> asociado p<span class=\"_ _3\"></span>rincipalmente a cambios<span class=\"_ _3\"></span> en los<span class=\"_ _3\"></span> vol\u00fa<span class=\"_ _3\"></span>menes o <span class=\"_ _3\"></span>condiciones en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>que se estab<span class=\"_ _3\"></span>lecen la of<span class=\"_ _3\"></span>erta y <span class=\"_ _3\"></span>la demand<span class=\"_ _3\"></span>a, <span class=\"_ _3\"></span>y a <span class=\"_ _3\"></span>la situ<span class=\"_ _3\"></span>aci\u00f3n financiera y la competitivid<span class=\"_ _3\"></span>ad en costes <span class=\"_ _3\"></span>de los dis<span class=\"_ _3\"></span>tintos operadores del mercado.<span class=\"_ _3\"></span> Para <span class=\"_ _f\"></span>mitigar <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>riesgo <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>acometido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>\u00faltimos <span class=\"_ _f\"></span>a\u00f1os <span class=\"_ _f\"></span>importantes <span class=\"_ _f\"></span>inversiones <span class=\"_ _f\"></span>orientadas <span class=\"_ _f\"></span>a reducir <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _f\"></span>costes <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>producci\u00f3n, <span class=\"_ _3\"></span>incrementar <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>productivi<span class=\"_ _3\"></span>dad <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>calidad<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>producto <span class=\"_ _f\"></span>com<span class=\"_ _2\"></span>ercializado, <span class=\"_ _f\"></span>as\u00ed como <span class=\"_ _3\"></span>diversificar <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>productos <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>caracter\u00edsticas <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>peciales <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>alto <span class=\"_ _f\"></span>valor <span class=\"_ _3\"></span>a\u00f1adido. <span class=\"_ _3\"></span>As<span class=\"_ _3\"></span>imismo, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _f\"></span>de forma continua <span class=\"_ _2\"></span>la posibilidad <span class=\"_ _2\"></span>de utilizaci\u00f3n <span class=\"_ _2\"></span>de coberturas <span class=\"_ _2\"></span>sobre <span class=\"_ _2\"></span>el precio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la pasta <span class=\"_ _2\"></span>pa<span class=\"_ _3\"></span>ra las <span class=\"_ _d\"></span>venta<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>futuras, si bien, la oferta d<span class=\"_ _3\"></span>e estos instrumentos d<span class=\"_ _3\"></span>e cobertura es limitada.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span> La sensibilidad<span class=\"_ _3\"></span> en el resultado de explotaci\u00f3n y<span class=\"_ _3\"></span> el patrimonio n<span class=\"_ _3\"></span>eto (antes de impuesto<span class=\"_ _3\"></span>s) a variaciones<span class=\"_ _3\"></span> en el precio de venta de la celulos<span class=\"_ _3\"></span>a se detalla a con<span class=\"_ _3\"></span>tinuaci\u00f3n:<span class=\"_ _3\"></span> <table class=\"s w2bc h16c\" id=\"_3e89e762-e5c9-407e-9b47-510a486e1b29\"><tr><td></td><td></td><td class=\"c x20d yff4 w2bd h16d\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x20e yff4 w2be h16d\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x20f yff5 w2bf h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x210 yff5 w2c0 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x211 yff5 w2c1 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x212 yff6 w35 h63\"><div class=\"t_1 m0_1 x57 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x213 yff7 w2c2 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x214 yff7 w2c3 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x215 yff7 w2c3 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x212 yff8 w35 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x216 yff8 w36 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x217 yff8 w37 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.315 </div></td><td class=\"c x218 yff8 w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.315 </div></td></tr><tr><td></td><td class=\"c x216 yff9 w36 h25\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x217 yff9 w37 h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.315) </div></td><td class=\"c x218 yff9 w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.315) </div></td></tr><tr><td class=\"c x212 yffa w35 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x216 yffa w36 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x217 yffa w37 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.311 </div></td><td class=\"c x218 yffa w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.311 </div></td></tr><tr><td></td><td class=\"c x216 yffb w36 h57\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x217 yffb w37 h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.311) </div></td><td class=\"c x218 yffb w38 h57\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.311) </div></td></tr></table>Precio de la energ\u00eda renovab<span class=\"_ _3\"></span>le y regulaci\u00f3n<span class=\"_ _3\"></span> En lo <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se refiere al <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e la energ\u00eda <span class=\"_ _3\"></span>renovable <span class=\"_ _3\"></span>vendida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>ENCE en <span class=\"_ _3\"></span>el mercado <span class=\"_ _3\"></span>el\u00e9ctrico espa\u00f1ol, <span class=\"_ _3\"></span>el Real <span class=\"_ _10\"></span>Decreto <span class=\"_ _0\"></span>413/<span class=\"_ _3\"></span>2014 <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>regula <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>actividad <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>producci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>partir <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> fuentes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>erg\u00eda <span class=\"_ _10\"></span>renovable, <span class=\"_ _10\"></span>cogeneraci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _10\"> </span>residuos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>asegura <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>instalaciones <span class=\"_ _10\"> </span>acogidas <span class=\"_ _10\"> </span>al <span class=\"_ _10\"></span>R\u00e9gimen Retributivo Es<span class=\"_ _3\"></span>pecial que tienen retribuci\u00f3n<span class=\"_ _3\"></span> a la inversi\u00f3n<span class=\"_ _3\"></span>, una rentabilidad m\u00ednima d<span class=\"_ _3\"></span>el 7,398% a lo lar<span class=\"_ _3\"></span>go de su vida regulatoria y<span class=\"_ _3\"></span> hasta 2031, eliminando as\u00ed gran p<span class=\"_ _3\"></span>arte de las incertidumbres aso<span class=\"_ _3\"></span>ciada<span class=\"_ _3\"></span>s a la revisi\u00f3n d<span class=\"_ _3\"></span>el resto <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>par\u00e1metros<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>retributivos, <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>garantizar <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>retorno <span class=\"_ _0\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _10\"></span>sujetas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>dicho <span class=\"_ _10\"></span>r\u00e9gime<span class=\"_ _2\"></span>n retributivo (v\u00e9as<span class=\"_ _3\"></span>e Anexo III).  ENCE h<span class=\"_ _3\"></span>ace un <span class=\"_ _3\"></span>seguimiento po<span class=\"_ _3\"></span>rmenorizado de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cambios regulatorios<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>fin de <span class=\"_ _3\"></span>recoger adecuad<span class=\"_ _3\"></span>amente su impacto en los estad<span class=\"_ _3\"></span>os financieros, as\u00ed como en la<span class=\"_ _3\"></span> ev<span class=\"_ _3\"></span>a<span class=\"ls22\">lu</span>aci\u00f3n de po<span class=\"_ _3\"></span>tenciales inversiones.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>comercializa <span class=\"_ _3\"></span>toda <span class=\"_ _3\"></span>la energ\u00eda <span class=\"_ _3\"></span>generada <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>destino <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>terceros <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s d<span class=\"_ _3\"></span>el OMEL. <span class=\"_ _3\"></span>Adicionalmente,<span class=\"_ _3\"></span> toda <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>capacidad <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>producci\u00f3n <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>ENCE <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>mercado <span class=\"_ _2\"></span>el\u00e9ctrico <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>encuentra<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>sujeta <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>retribuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>regulad<span class=\"_ _3\"></span>a.  Suministro de madera<span class=\"_ _3\"></span> La madera <span class=\"_ _3\"></span>de eucalipto <span class=\"_ _3\"></span>es el principal <span class=\"_ _3\"></span>insumo <span class=\"_ _3\"></span>en la producci\u00f3n <span class=\"_ _3\"></span>de pasta d<span class=\"_ _3\"></span>e celulosa <span class=\"_ _3\"></span>y su precio es<span class=\"_ _3\"></span>t\u00e1 sujeto a <span class=\"_ _f\"></span>fluctuaciones <span class=\"_ _f\"></span>derivadas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cambios <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>equilibrio <span class=\"_ _f\"></span>entr<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>of<span class=\"_ _3\"></span>erta <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>demanda <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>zonas <span class=\"_ _f\"></span>donde <span class=\"_ _f\"></span>se ubican las b<span class=\"_ _3\"></span>iof\u00e1bricas de producci\u00f3n de cel<span class=\"_ _3\"></span>ulosa. El <span class=\"_ _3\"></span>riesgo <span class=\"_ _3\"></span>derivado <span class=\"_ _3\"></span>de una <span class=\"_ _3\"></span>oferta <span class=\"_ _3\"></span>insu<span class=\"_ _3\"></span>ficiente es <span class=\"_ _3\"></span>mitigado <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la gesti\u00f3n<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el stock, <span class=\"_ _3\"></span>la diversificaci\u00f3n de fuentes de suministro, incluyend<span class=\"_ _3\"></span>o, en determinadas circun<span class=\"_ _3\"></span>stancias, el acceso a mercados internacionales alternativos<span class=\"_ _3\"></span>, que <span class=\"_ _2\"></span>incorporan un mayor coste log\u00edstico.<span class=\"_ _3\"></span> Por su parte, en la me<span class=\"_ _2\"></span>dida en que no hay <span class=\"_ _f\"></span>pr\u00e1ctica <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>uscripci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>contratos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>compra <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>largo <span class=\"_ _f\"></span>plazo, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>riesgo <span class=\"_ _f\"></span>sobre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>compra <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e gestiona referenci\u00e1ndolo <span class=\"_ _3\"></span>cuando es po<span class=\"_ _3\"></span>sible al precio de la celulosa.<span class=\"_ _3\"></span> La sensibilidad<span class=\"_ _3\"></span> en el resultado de explotaci\u00f3n y<span class=\"_ _3\"></span> el patrimonio n<span class=\"_ _3\"></span>eto (antes de impuesto<span class=\"_ _3\"></span>s) a variaciones<span class=\"_ _3\"></span> en el precio de la madera de <span class=\"_ _3\"></span>eucalipto con d<span class=\"_ _3\"></span>estino celulosa se detalla a <span class=\"_ _3\"></span>continuaci\u00f3n:<span class=\"_ _3\"></span> <table class=\"s w2c4 h16f\" id=\"_8373e044-066a-4f04-a88c-df482facf9a2\"><tr><td></td><td></td><td class=\"c x21a yff4 w2bd h170\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x21b yff4 w2be h170\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x21c yffd w2bf h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x21d yffd w2c0 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x21e yffd w2c1 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x21f yffe w39 h65\"><div class=\"t_1 m0_1 x58 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x220 yff7 w2c5 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio Madera<span class=\"_ _65\"> </span></div></td><td class=\"c x221 yff7 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x222 yff7 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x21f yfff w39 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x223 yfff w3a h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x224 yfff w3b h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.982) </div></td><td class=\"c x225 yfff w3c h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.982) </div></td></tr><tr><td></td><td class=\"c x223 y1000 w3a h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x224 y1000 w3b h57\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.982 </div></td><td class=\"c x225 y1000 w3c h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.982 </div></td></tr><tr><td class=\"c x21f y1001 w39 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x223 y1001 w3a h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></td><td class=\"c x224 y1001 w3b h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.729) </div></td><td class=\"c x225 y1001 w3c h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.729) </div></td></tr><tr><td></td><td class=\"c x223 y1002 w3a h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></td><td class=\"c x224 y1002 w3b h57\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.729 </div></td><td class=\"c x225 y1002 w3c h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.729 </div></td></tr></table>Tipo de cambio Las <span class=\"_ _f\"></span>ventas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>realizan <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mercad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>europeo, <span class=\"_ _f\"></span>si <span class=\"_ _f\"></span>bien, <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>ingresos provenientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>actividad <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>ven <span class=\"_ _0\"></span>afectados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>USD/EUR <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ar <span class=\"_ _0\"></span>denominado <span class=\"_ _0\"></span>el precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>mercado <span class=\"_ _f\"></span>internacio<span class=\"_ _3\"></span>nal <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>USD. <span class=\"_ _f\"></span>En <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>medida <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>la moneada  funcional,  la  estructu<span class=\"_ _3\"></span>ra  de  costes,  y  la  estructura  financiera  del  Grupo  est\u00e1n  denominad<span class=\"_ _3\"></span>as principalmente <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>euros, <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>fluctu<span class=\"_ _3\"></span>aciones <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cambio <span class=\"_ _3\"></span>entre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>d\u00f3lar <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>euro <span class=\"_ _f\"></span>afectan <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>for<span class=\"_ _f\"></span>ma significativa a los<span class=\"_ _3\"></span> resultados del Grupo.<span class=\"_ _3\"></span> Para  gestionar  y  minimizar  este  riesgo,  ENCE  realiza  un<span class=\"_ _2\"></span>  seguimiento  permanente  de  su  exposici\u00f3n  a fluctuaciones <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>camb<span class=\"_ _3\"></span>io <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>previsiones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>evoluci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cambio <span class=\"_ _3\"></span>USD/E<span class=\"_ _3\"></span>UR, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> en ocasiones, u<span class=\"_ _3\"></span>tiliza estrategias de cob<span class=\"_ _3\"></span>ertura.<span class=\"_ _65\"> </span>Los <span class=\"_ _10\"> </span>activos <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>pasiv<span class=\"_ _3\"></span>os <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>grupo <span class=\"_ _10\"></span>expresados <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>moneda <span class=\"_ _10\"> </span>extranjera <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>31 <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>diciembr<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>202<span class=\"_ _f\"></span>5 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2024<span class=\"ls14\">, </span>mayoritariamente en USD, s<span class=\"_ _3\"></span>on los<span class=\"_ _3\"></span> siguientes:  <table class=\"s w2c6 h172\" id=\"_a86c41b9-08b4-474d-bb9b-d0f348396c4e\"><tr><td class=\"c x227 y1003 w3d h66\"><div class=\"t_1 m0_1 x2e h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x228 y1003 w7_1 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x229 y1003 w8_1 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y1004 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x228 y1004 w7_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.458 </div></td><td class=\"c x229 y1004 w8_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.174 </div></td></tr><tr><td class=\"c x227 y1005 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas por cobrar </div></td><td class=\"c x228 y1005 w7_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.999 </div></td><td class=\"c x229 y1005 w8_1 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.794 </div></td></tr><tr><td class=\"c x227 y1006 w3d h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas por pagar </div></td><td class=\"c x228 y1006 w7_1 h66\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.611) </div></td><td class=\"c x229 y1006 w8_1 h66\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(558) </div></td></tr><tr><td></td><td class=\"c x228 y1007 w7_1 h66\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.846<span class=\"ls0_1\"> </span></div></td><td class=\"c x229 y1007 w8_1 h66\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">37.410<span class=\"ls0_1\"> </span></div></td></tr></table>La sensibilidad del resultado de explotaci\u00f3n y del patrimonio neto (antes de impuestos), a las apreciaciones o depreciaciones del d\u00f3lar <span class=\"_ _3\"></span>frente al euro se detalla <span class=\"_ _3\"></span>a continuaci\u00f3n:<table class=\"s w2c7 h173\" id=\"_7274853b-8e09-4f57-b309-bb320d3a2cec\"><tr><td></td><td></td><td class=\"c x22b y1008 w2bd h174\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado<span class=\"_ _65\"> </span></div></td><td class=\"c x22c y1008 w2be h174\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x22d yffd w2bf h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x22e yffd w2c0 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x22f yffd w2c1 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x230 y1009 w39 h63\"><div class=\"t_1 m0_1 x58 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x231 y100a w2c8 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Cambio US$/\u20ac<span class=\"_ _65\"> </span></div></td><td class=\"c x232 y100a w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x233 y100a w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x230 y100b w39 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x234 y100b w3e h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x235 y100b w3f h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.181 </div></td><td class=\"c x236 y100b w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.181 </div></td></tr><tr><td></td><td class=\"c x234 y100c w3e h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x235 y100c w3f h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.257) </div></td><td class=\"c x236 y100c w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.257) </div></td></tr><tr><td class=\"c x230 y100d w39 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x234 y100d w3e h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x235 y100d w3f h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.494 </div></td><td class=\"c x236 y100d w38 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.494 </div></td></tr><tr><td></td><td class=\"c x234 y100e w3e h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x235 y100e w3f h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.347) </div></td><td class=\"c x236 y100e w38 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21.347) </div></td></tr></table>Tipo de inter\u00e9s<span class=\"_ _3\"></span> Las variaciones <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>tipos de <span class=\"_ _d\"></span>inter\u00e9s<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>pueden <span class=\"_ _2\"></span>afectar al <span class=\"_ _d\"></span>in<span class=\"_ _3\"></span>greso o <span class=\"_ _d\"></span>gasto por <span class=\"_ _2\"></span>intereses <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>activos y <span class=\"_ _d\"></span>pas<span class=\"_ _3\"></span>ivos financieros referenciados <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>tipo de <span class=\"_ _d\"></span>inter<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _2\"></span>variable, <span class=\"_ _2\"></span>pudien<span class=\"_ _3\"></span>do <span class=\"_ _2\"></span>modificar <span class=\"_ _2\"></span>tambi\u00e9n el <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>alor razonable <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> activos <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>tratados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _f\"></span>fijo. <span class=\"_ _0\"></span>Adicionalmente, <span class=\"_ _f\"></span>esta<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>variaciones <span class=\"_ _0\"></span>pueden afectar <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>valor <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>libros <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>pasivos <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>tasas <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>descuento <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>flujos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>caja aplicables, a la renta<span class=\"_ _3\"></span>bilidad de las invers<span class=\"_ _3\"></span>iones y al coste futuro d<span class=\"_ _3\"></span>e captac<span class=\"_ _3\"></span>i\u00f3n de recurso<span class=\"_ _3\"></span>s financieros.<span class=\"_ _3\"></span> El objetiv<span class=\"_ _3\"></span>o de la <span class=\"_ _3\"></span>gesti\u00f3n de <span class=\"_ _3\"></span>este riesgo <span class=\"_ _3\"></span>es mantener <span class=\"_ _3\"></span>un equ<span class=\"_ _3\"></span>ilibrio entre la <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>a tipo de in<span class=\"_ _3\"></span>ter\u00e9s variab<span class=\"_ _3\"></span>le y tipo <span class=\"_ _3\"></span>fijo <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>permita <span class=\"_ _3\"></span>manten<span class=\"_ _3\"></span>er <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>cos<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>deuda <span class=\"_ _3\"></span>dentro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>par\u00e1metros <span class=\"_ _3\"></span>establecidos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ol\u00edtica de gesti\u00f3n de riesgos.<span class=\"_ _3\"></span> El  endeudamiento  d<span class=\"_ _3\"></span>e  ENCE  proviene  de  aquellos  instrumentos<span class=\"_ _3\"></span>  financieros  m\u00e1s <span class=\"_ _16\"> </span>competitivos  en  cada momento, tanto<span class=\"_ _3\"></span> de mercados d<span class=\"_ _3\"></span>e capitales como bancarios<span class=\"_ _3\"></span>, y d<span class=\"_ _3\"></span>e acuerdo a las con<span class=\"_ _3\"></span>diciones de mercado que sean <span class=\"_ _10\"> </span>\u00f3ptimas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>cada <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>ellos. <span class=\"_ _10\"> </span>As\u00ed <span class=\"_ _10\"> </span>mis<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"> </span>mitiga  e<span class=\"_ _2\"></span>ste <span class=\"_ _10\"> </span>riesgo <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>contrata<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"> </span>de derivados d<span class=\"_ _3\"></span>e tipo de inter\u00e9s que intercambian flujo<span class=\"_ _3\"></span>s variables p<span class=\"_ _3\"></span>or fijos.<span class=\"_ _3\"></span> La <span class=\"_ _3\"></span>estructu<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _3\"></span>financie<span class=\"ls1d\">ra</span> <span class=\"_ _f\"></span>(excluyendo <span class=\"_ _3\"></span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>derecho <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>uso <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>financiaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>organismos p\u00fablicos) a <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>2024, <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>vez <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>sideradas la<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>coberturas <span class=\"_ _2\"></span>contratadas, es<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _3\"></span> <table class=\"s w2c9 h176\" id=\"_d3fe834e-4a0f-4c64-bbfa-0390ba7b45e2\"><tr><td></td><td class=\"c x238 y100f w40 h66\"><div class=\"t_1 m0_1 x11 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa </div></td><td></td><td class=\"c x239 y100f w42 h66\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables </div></td><td></td></tr><tr><td class=\"c x23a y1010 w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td class=\"c x238 y1010 w7_1 h66\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b y1010 w8_1 h66\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x239 y1010 w43 h66\"><div class=\"t_1 m0_1 x57 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x23c y1010 w44 h66\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x23a y1011 w16 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo inter\u00e9s fijo </div></td><td class=\"c x238 y1011 w7_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.715 </div></td><td class=\"c x23b y1011 w8_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">175.534 </div></td><td class=\"c x239 y1011 w43 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">129.029 </div></td><td class=\"c x23c y1011 w44 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">126.286 </div></td></tr><tr><td class=\"c x23a y1012 w16 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo inter\u00e9s Variable </div></td><td class=\"c x238 y1012 w7_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">194.657 </div></td><td class=\"c x23b y1012 w8_1 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">176.209 </div></td><td class=\"c x239 y1012 w43 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.816 </div></td><td class=\"c x23c y1012 w44 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41.266 </div></td></tr><tr><td class=\"c x23a y1013 w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones e intereses </div></td><td class=\"c x238 y1013 w7_1 h66\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">242<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b y1013 w8_1 h66\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.533 </div></td><td class=\"c x239 y1013 w43 h66\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.769) </div></td><td class=\"c x23c y1013 w44 h66\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.133) </div></td></tr><tr><td class=\"c x23a yffb w16 h66\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total (Nota 28<span class=\"lsc\">.1</span>) </div></td><td class=\"c x238 yffb w7_1 h66\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">362.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x23b yffb w8_1 h66\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">353.276<span class=\"ls0_1\"> </span></div></td><td class=\"c x239 yffb w43 h66\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">165.076<span class=\"ls0_1\"> </span></div></td><td class=\"c x23c yffb w44 h66\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.419<span class=\"ls0_1\"> </span></div></td></tr></table>La tasa d<span class=\"_ _3\"></span>e inter\u00e9s variable est\u00e1 sujeta a<span class=\"_ _3\"></span> las oscilaciones del Eu<span class=\"_ _3\"></span>ribo<span class=\"_ _3\"></span><span class=\"ls1d\">r.</span> La sens<span class=\"_ _3\"></span>ibilidad d<span class=\"_ _3\"></span>el resultado <span class=\"_ _3\"></span>de explotaci\u00f3n <span class=\"_ _3\"></span>y d<span class=\"_ _3\"></span>el patrimon<span class=\"_ _3\"></span>io n<span class=\"_ _3\"></span>eto (antes <span class=\"_ _3\"></span>de impuesto<span class=\"_ _3\"></span>s), <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>variaci\u00f3n en 50 puntos b<span class=\"_ _3\"></span>\u00e1sicos en el tipo de inter\u00e9s<span class=\"_ _3\"></span>, se detalla a con<span class=\"_ _3\"></span>tinuaci\u00f3n: Efecto en<span class=\"_ _65\"> </span>Efecto en<span class=\"_ _65\"> </span>Variaci\u00f3n<span class=\"_ _65\"> </span>resultado antes<span class=\"_ _65\"> </span>patrimonio neto<span class=\"_ _65\"> </span>Miles \u20ac<span class=\"ff2\"> </span>Tipo Inter\u00e9s<span class=\"_ _65\"> </span>impuestos (-)/+<span class=\"_ _65\"> </span>(-)/+<span class=\"_ _65\"> </span>2025<span class=\"ls0_1\"> </span>Incremento 50 pb (1.203) 983<span class=\"ls0_1\"> </span>Descenso 50 pb 1.203 (1.202) 2024<span class=\"ls0_1\"> </span>Incremento 50 pb (1.172) 1.537 Descenso 50 pb 1.172 (1.958)<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "<div class=\"c w3_1 h3d gs3a\"><div class=\"t_1 m0_1 x91 h7_1 y50a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d hd y1e ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">5.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgo de Cr\u00e9dito </span></div><div class=\"t_1 m0_1 x21 h7_1 y50b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _2\"></span>riesgo <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>defin<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>como <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>posibilidad de <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>tercero <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>cumpla con <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>us obligaciones <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>pago, </div><div class=\"t_1 m0_1 x21 h7_1 y50c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">originando <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>ello <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>\u00e9rdidas <span class=\"_ _f\"></span>crediticias<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>Este <span class=\"_ _f\"></span>riesgo, <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>mayor <span class=\"_ _f\"></span>parte, <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>eval\u00faa <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>trola <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _65\"> </span> </div></div>forma <span class=\"_ _d\"></span>ind<span class=\"_ _3\"></span>ividualizada <span class=\"_ _2\"></span>para <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>cliente <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>medida <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>que <span class=\"_ _2\"></span>este <span class=\"_ _d\"></span>ries<span class=\"_ _3\"></span>go, <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>inculado <span class=\"_ _d\"></span>principalmente <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>n<span class=\"_ _3\"></span>egocio celulosa, se concentra<span class=\"_ _3\"></span> en un n\u00famero reducido de cli<span class=\"_ _3\"></span>entes<span class=\"_ _3\"></span>. El <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _3\"></span>de forma <span class=\"_ _3\"></span>peri\u00f3dica <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>existencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>evidencias<span class=\"_ _3\"></span> ob<span class=\"_ _3\"></span>jetivas d<span class=\"_ _3\"></span>e deterioro <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>despu\u00e9s <span class=\"_ _3\"></span>del reconocimiento <span class=\"_ _d\"></span>inicial<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>a<span class=\"_ _3\"></span>ctivo <span class=\"_ _d\"></span>financiero. <span class=\"_ _2\"></span>Entre <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>factores <span class=\"_ _2\"></span>considerados <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>dicha <span class=\"_ _d\"></span>evalu<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _d\"></span>desta<span class=\"_ _3\"></span>can; la <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>t\u00eda <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _f\"></span>pendiente <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>cob<span class=\"_ _3\"></span>ro <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>cliente, <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>coberturas <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>seguro <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>cr<span class=\"_ _3\"></span>\u00e9dito <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponibles, <span class=\"_ _f\"></span>la antig\u00fcedad <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>deuda, <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>existencia <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>ituaciones <span class=\"_ _13\"> </span>concursales, <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>clusiones <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>an\u00e1lisis <span class=\"_ _13\"> </span>de solvencia realizados<span class=\"_ _3\"></span> sobre los clientes.<span class=\"_ _3\"></span> Deudores comerciales y <span class=\"_ _3\"></span>otras cuenta<span class=\"_ _3\"></span>s a cobrar Los s<span class=\"_ _3\"></span>aldos comerciales <span class=\"_ _3\"></span>se reflejan <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de Situaci\u00f3n <span class=\"_ _3\"></span>Financiera cons<span class=\"_ _3\"></span>olidado <span class=\"_ _3\"></span>netos de d<span class=\"_ _3\"></span>eterioro. Los deterioros <span class=\"_ _f\"></span>acumulados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>registrados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>ascienden <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>5.909 <span class=\"_ _0\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4.</span>990 miles <span class=\"_ _10\"> </span>\u20ac, <span class=\"_ _13\"> </span>respectivamente. <span class=\"_ _13\"> </span>En <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>siguiente <span class=\"_ _10\"> </span>cuadro<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>antig\u00fc<span class=\"_ _3\"></span>edad <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>euda <span class=\"_ _10\"> </span>comercial <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> deterioros registrados<span class=\"_ _3\"></span> (incluye p\u00e9rdida esp<span class=\"_ _3\"></span>erada):<span class=\"_ _3\"></span> <table class=\"s w2ce h179\" id=\"_19a0e5e0-8d38-46ef-8929-8b3f4d6206db\"><tr><td></td><td></td><td class=\"c x24a y101c w4e h6b\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td class=\"c x24b y101c w4f h6b\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x24c y101d w49 h6b\"><div class=\"t_1 m0_1 x10 h58 y510 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x24a y101d w50 h6b\"><div class=\"t_1 m0_1 xf h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo a cobrar </div></td><td class=\"c x24d y101d w51 h6b\"><div class=\"t_1 m0_1 xf h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro </div></td><td class=\"c x24b y101d w52 h6b\"><div class=\"t_1 m0_1 xe h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo a cobrar </div></td><td class=\"c x24e y101d w7_1 h6b\"><div class=\"t_1 m0_1 x86 h58 y510 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro </div></td></tr><tr><td class=\"c x24c y101e w49 h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">No vencido </div></td><td class=\"c x24a y101e w50 h6c\"><div class=\"t_1 m0_1 x15 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.375 </div></td><td class=\"c x24d y101e w51 h6c\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y101e w52 h6c\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41.605 </div></td><td class=\"c x24e y101e w7_1 h6c\"><div class=\"t_1 m0_1 x1b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x24c y101f w49 h6d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido 0- 30 d\u00edas </div></td><td class=\"c x24a y101f w50 h6d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.278 </div></td><td class=\"c x24d y101f w51 h6d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x24b y101f w52 h6d\"><div class=\"t_1 m0_1 x99 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.983 </div></td><td class=\"c x24e y101f w7_1 h6d\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">611<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x24c y1020 w49 h6d\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido 30-180 d\u00edas </div></td><td class=\"c x24a y1020 w50 h6d\"><div class=\"t_1 m0_1 x1d h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.078 </div></td><td class=\"c x24d y1020 w51 h6d\"><div class=\"t_1 m0_1 x11 h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">272<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y1020 w52 h6d\"><div class=\"t_1 m0_1 x99 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.960 </div></td><td class=\"c x24e y1020 w7_1 h6d\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x24c y1021 w49 h6e\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencido &gt; 180 d\u00edas </div></td><td class=\"c x24a y1021 w50 h6e\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.547 </div></td><td class=\"c x24d y1021 w51 h6e\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.548 </div></td><td class=\"c x24b y1021 w52 h6e\"><div class=\"t_1 m0_1 x99 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.326 </div></td><td class=\"c x24e y1021 w7_1 h6e\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.326 </div></td></tr><tr><td></td><td class=\"c x24a y1022 w50 h47\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">37.278<span class=\"ls0_1\"> </span></div></td><td class=\"c x24d y1022 w51 h47\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.<span class=\"ls0_1\">9</span>10<span class=\"ls0_1\"> </span></div></td><td class=\"c x24b y1022 w52 h47\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.874<span class=\"ls0_1\"> </span></div></td><td class=\"c x24e y1022 w7_1 h47\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.990<span class=\"ls0_1\"> </span></div></td></tr></table>ENCE <span class=\"_ _0\"></span>cuenta <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>sistemas <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>pios <span class=\"_ _0\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>evaluaci\u00f3n <span class=\"_ _0\"></span>crediticia <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ermanente <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>todos <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>deudores <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la determinaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l\u00edmites <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>riesgo <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traparte, <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>basan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>informaci\u00f3n <span class=\"_ _f\"></span>de s<span class=\"_ _3\"></span>olvencia <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponible, en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>profundo <span class=\"_ _3\"></span>conocimiento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los clientes <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>negocio <span class=\"_ _3\"></span>celulosa, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los an\u00e1lisis <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>evaluaci\u00f3n <span class=\"_ _3\"></span>crediticia realizados por entid<span class=\"_ _3\"></span>ades de seguro de cr\u00e9dito de re<span class=\"_ _3\"></span>conocido prestigio.<span class=\"_ _f\"></span> Actividad Venta <span class=\"_ _3\"></span>Celulosa Este <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>concentra <span class=\"_ _f\"></span>saldos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>rar <span class=\"_ _f\"></span>recogidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cDeudores <span class=\"_ _f\"></span>comerciales <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>otras <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a cobrar\u201d por importe d<span class=\"_ _3\"></span>e <span class=\"ff3\">19.110 </span>miles \u20ac, d<span class=\"_ _3\"></span>eteriorados d<span class=\"_ _3\"></span>e forma acumulada en <span class=\"_ _3\"></span><span class=\"ff3\">5.562 </span>miles \u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>c<span class=\"_ _3\"></span>r\u00e9dito <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribu<span class=\"_ _3\"></span>ye <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>1<span class=\"ls10\">00</span>-200 <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otr<span class=\"_ _3\"></span>as <span class=\"_ _0\"></span>contrapartes. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>concentra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _0\"></span>m\u00e1xima <span class=\"_ _0\"></span>de riesgo con un t<span class=\"_ _3\"></span>ercero en 2025<span class=\"_ _3\"></span> y 2<span class=\"ls10\">02</span>4 es del 10% y el 1<span class=\"_ _3\"></span>2% de las v<span class=\"_ _3\"></span>entas de celulosa<span class=\"_ _3\"></span>, respectivamente. Para <span class=\"_ _0\"></span>mitigar <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>riesgo, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>pera <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>clientes <span class=\"_ _10\"></span>con <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>historial <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _10\"></span>sin <span class=\"_ _0\"></span>insolvencias <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>alt<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>calidad crediticia, <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>sigue<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>la pol\u00edtica <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>vender <span class=\"_ _2\"></span>mayoritariamente a <span class=\"_ _d\"></span>clientes cubiertos por <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>programas <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>eguro de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _f\"></span>contratados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>ENCE, <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>cuales <span class=\"_ _3\"></span>proporcion<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>cobertura <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>aproximadamente <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>90% <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el importe <span class=\"_ _17\"> </span>facturad<span class=\"_ _3\"></span>o. <span class=\"_ _17\"> </span>Estas<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>medidas <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>complementan<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _1a\"> </span>ejecuci\u00f3n, <span class=\"_ _17\"> </span>peri\u00f3dica<span class=\"_ _3\"></span>mente, <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>an<span class=\"_ _3\"></span>\u00e1lisis espec\u00edficos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>solv<span class=\"_ _3\"></span>encia <span class=\"_ _0\"></span>financi<span class=\"_ _3\"></span>era <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>principales <span class=\"_ _0\"></span>clie<span class=\"_ _3\"></span>ntes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la<span class=\"_ _65\"> </span>inclusi\u00f3n, <span class=\"_ _f\"></span>en <span class=\"_ _10\"></span>det<span class=\"_ _3\"></span>erminadas situaciones, d<span class=\"_ _3\"></span>e cl\u00e1usulas espec\u00edficas en los contrato<span class=\"_ _3\"></span>s de venta dirigidas a<span class=\"_ _3\"></span> garantizar el cobro.<span class=\"_ _f\"></span> La <span class=\"_ _3\"></span>calificaci\u00f3n <span class=\"_ _3\"></span>crediticia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nuestro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>clientes <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>pendientes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobro <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e 202<span class=\"_ _f\"></span>5 <span class=\"_ _3\"></span><span class=\"ls24\">y </span>202<span class=\"ls0_1\">4, considerando<span class=\"_ _3\"></span> la evaluaci\u00f3n realizada <span class=\"_ _3\"></span>por nuestras as<span class=\"_ _3\"></span>eguradoras es la siguiente:</span><table class=\"s w2cf h17a\" id=\"_4a0aaa78-01a2-4fdf-b2eb-1c80989764ea\"><tr><td></td><td class=\"c x250 y1023 w7_1 h71\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1023 w54 h71\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1024 w53 h71\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nivel de Riesgo- </div></td><td></td><td></td></tr><tr><td class=\"c x252 y1025 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bajo </div></td><td class=\"c x250 y1025 w7_1 h1d\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">43%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1025 w54 h1d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">52%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1026 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Medio </div></td><td class=\"c x250 y1026 w7_1 h1d\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">43%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1026 w54 h1d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1027 w53 h72\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Medio-alto </div></td><td class=\"c x250 y1027 w7_1 h72\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">11%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1027 w54 h72\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x252 y1028 w53 h1d\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Alto </div></td><td class=\"c x250 y1028 w7_1 h1d\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">3%<span class=\"ls0_1\"> </span></div></td><td class=\"c x251 y1028 w54 h1d\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">3%<span class=\"ls0_1\"> </span></div></td></tr></table>Actividad Venta E<span class=\"_ _3\"></span>nerg\u00eda Este <span class=\"_ _f\"></span>negocio <span class=\"_ _f\"></span>concentra <span class=\"_ _f\"></span>saldos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>rar <span class=\"_ _f\"></span>recogidos <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cDeudores <span class=\"_ _f\"></span>comerciales <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>otras <span class=\"_ _f\"></span>cuentas <span class=\"_ _3\"></span>a cobrar\u201d por importe d<span class=\"_ _3\"></span>e <span class=\"ff3\">20.633 </span>miles \u20ac, d<span class=\"_ _3\"></span>eteriorados d<span class=\"_ _3\"></span>e forma acumulada en <span class=\"_ _3\"></span><span class=\"ff3 ls10\">347<span class=\"ls0_1\"> </span></span>miles \u20ac<span class=\"_ _3\"></span>.<span class=\"ff3\">  </span>Durante <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>la energ\u00eda <span class=\"_ _3\"></span>generada, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> el <span class=\"_ _3\"></span>marco <span class=\"_ _3\"></span>regulatorio <span class=\"_ _3\"></span>el\u00e9ctrico <span class=\"_ _3\"></span>en v<span class=\"_ _3\"></span>igor, se ha vendid<span class=\"_ _3\"></span>o a trav\u00e9s del Mercado I<span class=\"_ _3\"></span>b\u00e9rico de Electricidad (MIBE<span class=\"_ _3\"></span>L), cobrando lo<span class=\"_ _3\"></span>s ingresos del operador d<span class=\"_ _3\"></span>el mercado OMIE que cuenta con un <span class=\"_ _2\"></span>sistema de garant\u00eda de <span class=\"_ _2\"></span>pagos, y de <span class=\"_ _2\"></span>la Comisi\u00f3n<span class=\"_ _3\"></span> Nacional de <span class=\"_ _2\"></span>los Mercados y  la <span class=\"_ _16\"> </span>Competencia <span class=\"_ _16\"> </span>(CNMC), <span class=\"_ _16\"> </span>ente  regu<span class=\"_ _3\"></span>lador  d<span class=\"_ _3\"></span>e  los <span class=\"_ _16\"> </span>mercados<span class=\"_ _3\"></span>  energ\u00e9ticos <span class=\"_ _16\"> </span>de  Es<span class=\"_ _3\"></span>pa\u00f1a, <span class=\"_ _16\"> </span>dependiente  de<span class=\"_ _3\"></span>l Ministerio <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>Industria<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>En <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>mayor <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>sald<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cobrar <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>esta<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>actividad <span class=\"_ _0\"></span>lo <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>tos organismos. Al tratarse de saldos <span class=\"_ _2\"></span>soportados en \u00faltima instancia por el <span class=\"_ _2\"></span>estado espa\u00f1ol, la <span class=\"_ _2\"></span>p\u00e9rdida esperada considerada es <span class=\"_ _3\"></span>insignificante. Tesorer\u00eda En <span class=\"_ _2\"></span>relaci\u00f3n <span class=\"_ _d\"></span>al e<span class=\"_ _2\"></span>p\u00edgrafe <span class=\"_ _d\"></span>\u201c<span class=\"_ _3\"></span>Efectivo <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span><span class=\"ff3\">t</span>ros <span class=\"_ _2\"></span>medios <span class=\"_ _2\"></span>equivalente\u201d <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Estado de <span class=\"_ _d\"></span>Situaci\u00f3n <span class=\"_ _2\"></span>Financiera <span class=\"_ _d\"></span>conso<span class=\"_ _3\"></span>lidado, el rating promedio de las<span class=\"_ _3\"></span> contrapartes es en<span class=\"_ _3\"></span> un 100 %<span class=\"_ _3\"></span> investment grade (9<span class=\"_ _3\"></span>9% en 2024).<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "5.3<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Riesgos de liquidez y cap<span class=\"_ _2\"></span>ital </span>La <span class=\"_ _3\"></span>exposici\u00f3n <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>situacion<span class=\"_ _3\"></span>es advers<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>mercados <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>capitales <span class=\"_ _3\"></span>puede <span class=\"_ _3\"></span>dificultar <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>impedir <span class=\"_ _3\"></span>la cobertura de <span class=\"_ _2\"></span>las necesidades f<span class=\"_ _2\"></span>inancieras que <span class=\"_ _2\"></span>se requieren <span class=\"_ _d\"></span>para el desarrollo <span class=\"_ _2\"></span>adecuado de <span class=\"_ _2\"></span>las actividades <span class=\"_ _2\"></span>del Grupo y su<span class=\"_ _3\"></span> Plan de Negocio futuro. <span class=\"_ _3\"></span> La <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ol\u00edtica <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>liquidez <span class=\"_ _f\"></span>seguida <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>ENCE <span class=\"_ _3\"></span>est\u00e1<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>orientad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>garantizar <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>disponibilidad <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>fondos <span class=\"_ _3\"></span>necesarios para <span class=\"_ _10\"> </span>as<span class=\"_ _3\"></span>egurar <span class=\"_ _10\"></span>el <span class=\"_ _10\"> </span>cumplimiento <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>obligaciones <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>quiridas <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>des<span class=\"_ _3\"></span>arrollo <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>sus <span class=\"_ _10\"> </span>planes <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>negocio, manteniendo en <span class=\"_ _3\"></span>todo <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>el nivel \u00f3p<span class=\"_ _3\"></span>timo d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>recursos l\u00edqu<span class=\"_ _3\"></span>idos y <span class=\"_ _3\"></span>procurando <span class=\"_ _3\"></span>la mayor eficiencia <span class=\"_ _3\"></span>en la gesti\u00f3n de los recurs<span class=\"_ _3\"></span>os financieros.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> Cada uno de los dos negocios de <span class=\"_ _2\"></span>ENCE se financia y gestiona de manera <span class=\"_ _2\"></span>individualiz<span class=\"_ _3\"></span>ada, teniendo en cuenta sus caracter\u00edsticas<span class=\"_ _3\"></span>, sin existir recursos o garan<span class=\"_ _3\"></span>t\u00edas significativas entre ambo<span class=\"_ _3\"></span>s. Este <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>uno de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>riesgos <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>siguen <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>mayor <span class=\"_ _f\"></span>atenci\u00f3n <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>parte <span class=\"_ _f\"></span>de E<span class=\"_ _3\"></span>NCE, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>lleva a <span class=\"_ _f\"></span>cabo un <span class=\"_ _10\"></span>control <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span>seguimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ecesidades <span class=\"_ _10\"></span>financieras <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>esde <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>elaboraci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>previsiones <span class=\"_ _10\"></span>de tesorer\u00eda <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la planificaci\u00f3n <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>ciera qu<span class=\"_ _3\"></span>e acom<span class=\"_ _3\"></span>pa\u00f1a <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>presupuestos <span class=\"_ _3\"></span>anuales <span class=\"_ _3\"></span>y al <span class=\"_ _3\"></span>plan <span class=\"_ _3\"></span>estrat\u00e9gico. <span class=\"_ _3\"></span>ENCE mantiene fuentes d<span class=\"_ _3\"></span>e financiaci\u00f3n d<span class=\"_ _3\"></span>iversificadas y esta<span class=\"_ _3\"></span>bles. En <span class=\"_ _f\"></span>este <span class=\"_ _f\"></span>sentido, <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>sistema <span class=\"_ _f\"></span>global <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>control <span class=\"_ _f\"></span>econ\u00f3mico <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>presupuestario <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>cada negocio, <span class=\"_ _2\"></span>adaptad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cada <span class=\"_ _2\"></span>actividad, que <span class=\"_ _2\"></span>proporciona la <span class=\"_ _d\"></span>informaci\u00f3n necesaria <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los responsables <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>negocio y les permite controlar los<span class=\"_ _3\"></span> riesgos p<span class=\"_ _3\"></span>otenciales y<span class=\"_ _3\"></span> adoptar las decisiones de gesti\u00f3<span class=\"_ _3\"></span>n m\u00e1s adecuadas.<span class=\"_ _65\"> </span>En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"_ _2\"></span>ENCE mantiene al 31 de <span class=\"_ _2\"></span>diciembre de 202<span class=\"_ _3\"></span>5 recursos en <span class=\"_ _d\"></span>efectiv<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>y otros <span class=\"_ _d\"></span>instru<span class=\"_ _3\"></span>mentos <span class=\"_ _2\"></span>financieros <span class=\"_ _d\"></span>l\u00edqu<span class=\"_ _3\"></span>idos <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>l\u00edneas <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _d\"></span>no dispuestas <span class=\"_ _2\"></span>suficientes <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _d\"></span>cu<span class=\"_ _3\"></span>brir<span class=\"_ _3\"></span><span class=\"ls19\">, </span>en una parte relevan<span class=\"_ _3\"></span>te, sus<span class=\"_ _3\"></span> obligaciones a corto plaz<span class=\"_ _3\"></span>o (v\u00e9anse Notas<span class=\"_ _3\"></span> 27 y 28). Asimismo, <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>ha <span class=\"_ _13\"> </span>establecido <span class=\"_ _13\"> </span>un <span class=\"_ _10\"> </span>n<span class=\"_ _3\"></span>ivel <span class=\"_ _10\"> </span>de  e<span class=\"_ _2\"></span>ndeudamiento<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>n<span class=\"_ _3\"></span>eto <span class=\"_ _10\"> </span>ob<span class=\"_ _3\"></span>jetivo <span class=\"_ _10\"> </span>ad<span class=\"_ _3\"></span>aptado <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>perfil <span class=\"_ _10\"></span>de <span class=\"_ _13\"> </span>potencial volatilidad <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ingresos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>distin<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>negocios <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o. <span class=\"_ _3\"></span>En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>este <span class=\"_ _f\"></span>sentido <span class=\"_ _3\"></span>dicho<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nivel <span class=\"_ _f\"></span>objetivo <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>el Negocio <span class=\"_ _10\"> </span>Celulosa <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>ha <span class=\"_ _10\"> </span>estab<span class=\"_ _3\"></span>lecido <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>2,5 <span class=\"_ _10\"></span>veces<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>resultado <span class=\"_ _10\"> </span>bruto <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>explotaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>(EBITDA) <span class=\"_ _10\"></span>recurrente considerando un precio <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la celulosa <span class=\"_ _2\"></span>y del <span class=\"_ _2\"></span>d\u00f3lar medios <span class=\"_ _2\"></span>del cic<span class=\"_ _2\"></span>lo, y <span class=\"_ _2\"></span>de 5 <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>eces e<span class=\"_ _2\"></span>n el <span class=\"_ _2\"></span>Negocio de <span class=\"_ _2\"></span>Renovables. <span class=\"_ _3\"></span> La  deuda  finan<span class=\"_ _3\"></span>ciera  neta  y <span class=\"_ _16\"> </span>el  EBITDA  son <span class=\"_ _16\"> </span>magnitudes  n<span class=\"_ _3\"></span>o  desglosad<span class=\"_ _3\"></span>as  en  los <span class=\"_ _16\"> </span>estados  financieros.  Su cuantificaci\u00f3n <span class=\"_ _3\"></span>as\u00ed como <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>reconciliaci\u00f3n con <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>estados financieros <span class=\"_ _3\"></span>se detallan<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>el Anexo I <span class=\"_ _3\"></span>al In<span class=\"_ _3\"></span>forme de Gesti\u00f3n <span class=\"_ _3\"></span>sobre <span class=\"_ _f\"></span>Actividad <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5. <span class=\"_ _f\"></span>El <span class=\"_ _3\"></span>endeudamiento<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>neto <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _f\"></span>al 3<span class=\"_ _3\"></span>1 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dici<span class=\"_ _3\"></span>embre <span class=\"_ _3\"></span>de 202<span class=\"ls0_1\">5 y 2024 <span class=\"ff6\">calculad<span class=\"_ _3\"></span>o como \u201cd<span class=\"_ _3\"></span>euda financiera neta / EBITD<span class=\"_ _3\"></span>A\u201d es el siguiente<span class=\"_ _3\"></span></span>: </span><table class=\"s w2d0 h17b\" id=\"_b8363099-d519-4d8a-83ab-c765b44c9702\"><tr><td class=\"c x254 y1029 w55 h74\"><div class=\"t_1 m0_1 x10 h58 y54f ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Millones \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x255 y1029 w56 h74\"><div class=\"t_1 m0_1 x2f h58 y54f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa </div></td><td></td><td></td><td class=\"c x256 y1029 w57 h74\"><div class=\"t_1 m0_1 xe h58 y54f ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables </div></td></tr><tr><td></td><td class=\"c x255 y102a w58 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x257 y102a w59 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x256 y102a w5a h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x258 y102a w59 h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x254 y102b w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera neta </div></td><td class=\"c x255 y102b w58 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">268,7 </div></td><td class=\"c x257 y102b w59 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">255,9 </div></td><td class=\"c x256 y102b w5a h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">111,9 </div></td><td class=\"c x258 y102b w59 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78,8 </div></td></tr><tr><td class=\"c x254 y102c w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EBITDA (*) </div></td><td class=\"c x255 y102c w58 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">55,9 </div></td><td class=\"c x257 y102c w59 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">138,2 </div></td><td class=\"c x256 y102c w5a h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27,4 </div></td><td class=\"c x258 y102c w59 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">26,3 </div></td></tr><tr><td class=\"c x254 y102d w55 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ratio Deuda neta /EBITDA  </div></td><td class=\"c x255 y102d w58 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,8 </div></td><td class=\"c x257 y102d w59 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,9 </div></td><td class=\"c x256 y102d w5a h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,1 </div></td><td class=\"c x258 y102d w59 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3,0 </div></td></tr></table> (*) Magnitud no <span class=\"_ _2\"></span>desglosada en el <span class=\"_ _2\"></span>Estado de Resultado <span class=\"_ _2\"></span>Consolidado y no d<span class=\"_ _2\"></span>efinida en las NIIF. <span class=\"_ _2\"></span>V\u00e9ase definici\u00f3n de d<span class=\"_ _2\"></span>icha magnitud as\u00ed como reconciliaci\u00f3n con el estado de<span class=\"_ _2\"></span> resultado consolidado en el Anexo \u201cInforme de Resultados 2025\" al<span class=\"_ _2\"></span> Informe de Gesti\u00f3n Consolidado del ejercicio 2025.<span class=\"fs3\"> </span>La informaci\u00f3n <span class=\"_ _2\"></span>relativa al <span class=\"_ _2\"></span>an\u00e1lisis de <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>encimientos de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>pasivos financieros a<span class=\"_ _2\"></span> que <span class=\"_ _2\"></span>hace <span class=\"_ _2\"></span>referencia la <span class=\"_ _2\"></span>NIIF 7 <span class=\"_ _3\"></span><span class=\"ls0_1\">as\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>cumplimiento de <span class=\"_ _3\"></span>obligaciones <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>umidas <span class=\"_ _3\"></span>en la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>suscrita <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>encuentra </span>recogida en la Nota 28 d<span class=\"_ _3\"></span>e esta memoria.<span class=\"_ _65\"> </span>28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Otros pasivos financieros </span></span>El <span class=\"_ _2\"></span>detalle <span class=\"_ _d\"></span>de e<span class=\"_ _2\"></span>ste <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Estado<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>Situaci\u00f3n <span class=\"_ _2\"></span>Financiera <span class=\"_ _2\"></span>Consolidad<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>al 31 <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _d\"></span>y 2024 es el siguiente: <table class=\"s w3ed h1da\" id=\"_ce8d0e96-d229-4504-92a0-9a755a2d7091\"><tr><td></td><td></td><td></td><td></td><td class=\"c x58f y13b8 w1ac haa\"><div class=\"t_1 m0_1 x24 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x484 y13b9 w3ee h1db\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x590 y13ba w1af h86\"><div class=\"t_1 m0_1 x4_1 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13bb w2ea h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td><td class=\"c x591 y13bb w3b1 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x592 y13bc w3ef h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x58f y13bd w1ad h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13bd w1b0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13bd w1b2 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">9</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x594 y13bd wf3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2030<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13bd w1b3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td class=\"c x1ca y13be w3f0 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13be w3e9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13c0 w3f1 h1dc\"><div class=\"t_1 m0_1 x1c9 h20 y13bf ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13c1 w18 h72\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">25.319 </div></td><td class=\"c x58f y13c1 w1ad h72\"><div class=\"t_1 m0_1 x50 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.902 </div></td><td class=\"c x590 y13c1 w1b0 h72\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.836  </div></td><td class=\"c x597 y13c1 w1b1 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.852  </div></td><td class=\"c x593 y13c1 w1b2 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.776  </div></td><td class=\"c x594 y13c1 wf3 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">768 </span> </div></td><td class=\"c x595 y13c1 w1b3 h72\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.185  </div></td></tr><tr><td class=\"c x598 y13c2 we3 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></td><td class=\"c x596 y13c2 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">61.315 </div></td><td class=\"c x58f y13c2 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.893 </div></td><td class=\"c x590 y13c2 w1b0 h1d\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 6.366  </div></td><td class=\"c x597 y13c2 w1b1 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.211  </div></td><td class=\"c x593 y13c2 w1b2 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 4.578  </div></td><td class=\"c x594 y13c2 wf3 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.437  </div></td><td class=\"c x595 y13c2 w1b3 h1d\"><div class=\"t_1 m0_1 x19 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 34.830  </div></td></tr><tr><td></td><td class=\"c x596 y13c3 w18 h25\"><div class=\"t_1 m0_1 x1f h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">86.634<span class=\"ff2\"> </span></div></td><td class=\"c x58f y13c3 w1ad h25\"><div class=\"t_1 m0_1 xf h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.795<span class=\"ff2\"> </span></div></td><td class=\"c x590 y13c3 w1b0 h25\"><div class=\"t_1 m0_1 x31 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.202<span class=\"ff2\"> </span></div></td><td class=\"c x597 y13c3 w1b1 h25\"><div class=\"t_1 m0_1 xf h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.063<span class=\"ff2\"> </span></div></td><td class=\"c x593 y13c3 w1b2 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.354<span class=\"ff2\"> </span></div></td><td class=\"c x594 y13c3 wf3 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.205<span class=\"ff2\"> </span></div></td><td class=\"c x595 y13c3 w1b3 h25\"><div class=\"t_1 m0_1 xc h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">36.015<span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x1ca y13c5 w3f2 h1dd\"><div class=\"t_1 m0_1 x1c9 h20 y13c4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17)<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13c6 w18 h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.145 </div></td><td class=\"c x58f y13c6 w1ad h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.713  </div></td><td class=\"c x590 y13c6 w1b0 h72\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.491  </div></td><td class=\"c x597 y13c6 w1b1 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.120  </div></td><td class=\"c x593 y13c6 w1b2 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">647 </span> </div></td><td class=\"c x594 y13c6 wf3 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">174 </span> </div></td><td class=\"c x595 y13c6 w1b3 h72\"><div class=\"t_1 m0_1 x57 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x596 y13c7 w18 h25\"><div class=\"t_1 m0_1 x30 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5<span class=\"lsd\">.145</span> </div></td><td class=\"c x58f y13c7 w1ad h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.713<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13c7 w1b0 h25\"><div class=\"t_1 m0_1 xe h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.491<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13c7 w1b1 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.120<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13c7 w1b2 h25\"><div class=\"t_1 m0_1 x2f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">647<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13c7 wf3 h25\"><div class=\"t_1 m0_1 x2f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">174<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13c7 w1b3 h25\"><div class=\"t_1 m0_1 x57 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x596 y13c8 w18 h25\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">91.779<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13c8 w1ad h25\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">16.508<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13c8 w1b0 h25\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">13.693<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13c8 w1b1 h25\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.183<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13c8 w1b2 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.001<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13c8 wf3 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.379<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13c8 w1b3 h25\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">36.015<span class=\"ls0_1\"> </span></div></td></tr></table>202<span class=\"ls0_1\">8 </span><table class=\"s w3f3 h1de\" id=\"_f75f33a3-de98-4aeb-b8fd-e506e81ebf75\"><tr><td></td><td></td><td></td><td></td><td class=\"c x58f y13c9 w1ac haa\"><div class=\"t_1 m0_1 x24 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x484 y13ca w3ee h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x590 y13cb w1af h86\"><div class=\"t_1 m0_1 x4_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13cc w3d9 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13cc w3b1 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x592 y13cd w3ef h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x58f y13ce w1ad h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13ce w1b0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13ce w1b2 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x594 y13ce wf3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13ce w1b3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td class=\"c x1ca y13cf w3f0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13cf w3e9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13d1 w3f1 h1df\"><div class=\"t_1 m0_1 x1c9 h20 y13d0 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13d2 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></td><td class=\"c x58f y13d2 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.459 </div></td><td class=\"c x590 y13d2 w1b0 h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.019 </div></td><td class=\"c x597 y13d2 w1b1 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.279 </div></td><td class=\"c x593 y13d2 w1b2 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.371 </div></td><td class=\"c x594 y13d2 wf3 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.891 </div></td><td class=\"c x595 y13d2 w1b3 h1d\"><div class=\"t_1 m0_1 x3a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.388 </div></td></tr><tr><td class=\"c x598 y13d3 we3 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></td><td class=\"c x596 y13d3 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52.803 </div></td><td class=\"c x58f y13d3 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.251 </div></td><td class=\"c x590 y13d3 w1b0 h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.780 </div></td><td class=\"c x597 y13d3 w1b1 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.657 </div></td><td class=\"c x593 y13d3 w1b2 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.509 </div></td><td class=\"c x594 y13d3 wf3 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.932 </div></td><td class=\"c x595 y13d3 w1b3 h1d\"><div class=\"t_1 m0_1 xc h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.674 </div></td></tr><tr><td></td><td class=\"c x596 y13d4 w18 h26\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">87.210<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d4 w1ad h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">13.710<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d4 w1b0 h26\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.799<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d4 w1b1 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.936<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d4 w1b2 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.880<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d4 wf3 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">6.823<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d4 w1b3 h26\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.062<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y13d6 w3f2 h1e0\"><div class=\"t_1 m0_1 x1c9 h20 y13d5 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17)<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13d7 w18 ha2\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></td><td class=\"c x58f y13d7 w1ad ha2\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.768 </div></td><td class=\"c x590 y13d7 w1b0 ha2\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></td><td class=\"c x597 y13d7 w1b1 ha2\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.107 </div></td><td class=\"c x593 y13d7 w1b2 ha2\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">786<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d7 wf3 ha2\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">410<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d7 w1b3 ha2\"><div class=\"t_1 m0_1 x14 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x596 y13d8 w18 h26\"><div class=\"t_1 m0_1 x30 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.744<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d8 w1ad h26\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.768<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d8 w1b0 h26\"><div class=\"t_1 m0_1 xe h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.628<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d8 w1b1 h26\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.107<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d8 w1b2 h26\"><div class=\"t_1 m0_1 x2f h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">786<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d8 wf3 h26\"><div class=\"t_1 m0_1 x2f h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">410<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d8 w1b3 h26\"><div class=\"t_1 m0_1 x14 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x596 y13d9 w18 h26\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">92.954<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d9 w1ad h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.478<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d9 w1b0 h26\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.427<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d9 w1b1 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.043<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d9 w1b2 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.666<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d9 wf3 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.233<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d9 w1b3 h26\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.107<span class=\"ls0_1\"> </span></div></td></tr></table>2027<span class=\"ls0_1\"> </span>La <span class=\"_ _10\"> </span>cuenta <span class=\"_ _13\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _10\"> </span>orga<span class=\"_ _3\"></span>nismos <span class=\"_ _10\"> </span>p\u00fa<span class=\"_ _3\"></span>blicos\u201d <span class=\"_ _10\"> </span>corresp<span class=\"_ _3\"></span>onde <span class=\"_ _10\"> </span>fundamentalmente <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>pr\u00e9stamos <span class=\"_ _13\"> </span>obtenidos, normalmente <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>inter\u00e9s <span class=\"_ _10\"> </span>favorables, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>financian <span class=\"_ _10\"> </span>proyectos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _3\"></span>liaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>mejora <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> capacidad productiv<span class=\"_ _3\"></span>a de <span class=\"_ _2\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _2\"></span>actividades de I+D+i en <span class=\"_ _3\"></span>ENCE. <span class=\"_ _3\"></span>Su <span class=\"_ _3\"></span>plaz<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10 a\u00f1<span class=\"_ _3\"></span>os, con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>periodo de <span class=\"_ _3\"></span>carencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>3 a\u00f1<span class=\"_ _3\"></span>os, <span class=\"_ _3\"></span>y devengan un tipo de in<span class=\"_ _3\"></span>ter\u00e9s fijo que se sit\u00faa en el rango <span class=\"_ _3\"></span>0%-3,76<span class=\"ls3e\">%.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "8.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Segmentos de operaci\u00f3n </span></span>La <span class=\"_ _13\"> </span>informac<span class=\"_ _65\"> </span>i\u00f3n <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>egmentos <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>refiere <span class=\"_ _13\"> </span>esta <span class=\"_ _10\"> </span>N<span class=\"_ _3\"></span>ota <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>presenta <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>acuerdo<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> requisitos de d<span class=\"_ _3\"></span>esglose establecidos p<span class=\"_ _3\"></span>or la NIIF 8 <span class=\"_ _3\"></span><span class=\"ff6\">\u2013</span> Segmentos de op<span class=\"_ _3\"></span>eraci\u00f3n. Grupo <span class=\"_ _19\"> </span>Ence <span class=\"_ _15\"> </span>ha <span class=\"_ _19\"> </span>definido <span class=\"_ _19\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>siguientes <span class=\"_ _19\"> </span>s<span class=\"_ _3\"></span>egmentos <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>reporte,<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>basados<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>las <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>iferente <span class=\"_ _16\"> </span>activid<span class=\"_ _3\"></span>ades desarrolladas <span class=\"_ _10\"> </span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>importa<span class=\"_ _3\"></span>ncia <span class=\"_ _0\"></span>relativa <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>informaci\u00f3n <span class=\"_ _10\"></span>financiera completa <span class=\"_ _10\"></span>e <span class=\"_ _0\"></span>independiente <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>revisada <span class=\"_ _10\"></span>peri\u00f3dicamente<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>alta <span class=\"_ _10\"></span>Direcci\u00f3n, <span class=\"_ _10\"></span>junto <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>la <span class=\"_ _0\"></span>informaci\u00f3<span class=\"_ _3\"></span>n operativa, <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>proceso <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>toma <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>decision<span class=\"_ _3\"></span>es <span class=\"_ _13\"> </span>sobre <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>as<span class=\"_ _3\"></span>ignaci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>recursos <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>evaluaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>su rendimiento, y que s<span class=\"_ _3\"></span>e agrupan entorno<span class=\"_ _3\"></span> a dos l\u00edneas de negocio <span class=\"_ _f\"></span>de acuerdo con el siguien<span class=\"_ _3\"></span>te detalle: ENCE Celulosa <span class=\"_ _3\"></span>- Esta l\u00ednea de n<span class=\"_ _3\"></span>egocio agrupa los s<span class=\"_ _3\"></span>iguientes segmentos de reporte:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Celulosa. <span class=\"_ _13\"> </span>Segmento <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _13\"> </span>incluye <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ividad <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>fabricaci\u00f3n <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>venta<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>celulosa  producida <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>las </span></span>biof\u00e1bricas de Pon<span class=\"_ _3\"></span>tevedra y Navia (Principado d<span class=\"_ _3\"></span>e Asturias) junto con la cogeneraci\u00f3n y generaci\u00f3n<span class=\"_ _3\"></span> de electricidad integrada <span class=\"_ _3\"></span>en el proceso de p<span class=\"_ _3\"></span>roducci\u00f3n de celulo<span class=\"_ _3\"></span>sa, utili<span class=\"_ _3\"></span>zand<span class=\"_ _3\"></span>o como insumo la parte de la madera que no pu<span class=\"_ _3\"></span>ede transformarse en celulosa, p<span class=\"_ _3\"></span>rincipalmente lignina <span class=\"_ _3\"></span>y biomasa. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Patrimonio Fores<span class=\"_ _3\"></span>tal y <span class=\"_ _3\"></span>otros. <span class=\"_ _3\"></span>Segmento <span class=\"_ _3\"></span>que incorp<span class=\"_ _3\"></span>ora princi<span class=\"_ _3\"></span>palmente los <span class=\"_ _3\"></span>cultivos <span class=\"_ _3\"></span>de mas<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>forestales </span></span>que <span class=\"_ _16\"> </span>p<span class=\"_ _3\"></span>osteriormente <span class=\"_ _16\"> </span>se <span class=\"_ _19\"> </span>utiliz<span class=\"_ _3\"></span>an <span class=\"_ _19\"> </span>como <span class=\"_ _16\"> </span>materia <span class=\"_ _19\"> </span>pri<span class=\"_ _3\"></span>ma <span class=\"_ _16\"> </span>en<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>la <span class=\"_ _19\"> </span>producci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span>celulosa <span class=\"_ _19\"> </span>(patrimonio disponible <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>no<span class=\"_ _3\"></span>rte <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>spa\u00f1a), <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>bien <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>venden <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>terc<span class=\"_ _3\"></span>eros <span class=\"_ _f\"></span>(p<span class=\"_ _f\"></span>atrimonio <span class=\"_ _f\"></span>disp<span class=\"_ _3\"></span>onible <span class=\"_ _f\"></span>en<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>de Espa\u00f1a) as\u00ed como o<span class=\"_ _3\"></span>tras actividades foresta<span class=\"_ _3\"></span>les residuales.<span class=\"_ _3\"></span> ENCE Renovab<span class=\"_ _3\"></span>les - Esta l\u00ednea de n<span class=\"_ _3\"></span>egocio agrupa los s<span class=\"_ _3\"></span>iguientes segmentos de reporte:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Generaci\u00f3n d<span class=\"_ _3\"></span>e energ\u00eda <span class=\"_ _3\"></span>renovable con<span class=\"_ _3\"></span> biomas<span class=\"_ _3\"></span>a (<span class=\"_ _3\"></span>Biomasa). <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>a las <span class=\"_ _3\"></span>plantas <span class=\"_ _3\"></span>de generaci\u00f3n <span class=\"_ _3\"></span>y venta </span></span>de <span class=\"_ _f\"></span>ener<span class=\"_ _3\"></span>g\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica <span class=\"_ _0\"></span>renovabl<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>tir <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>biomasa <span class=\"_ _0\"></span>agr\u00edcol<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>forestal, <span class=\"_ _0\"></span>desarrolladas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _10\"></span>operadas <span class=\"_ _0\"></span>de<span class=\"_ _2\"></span> forma independiente. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>gas <span class=\"_ _f\"></span>renovable <span class=\"_ _3\"></span>(<span class=\"ls2c\">Bio<span class=\"_ _3\"></span></span>metano). <span class=\"_ _f\"></span>Actividad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>gas <span class=\"_ _f\"></span>renovable <span class=\"_ _f\"></span>(Biometano) <span class=\"_ _f\"></span>a </span></span>partir de sub<span class=\"_ _3\"></span>productos <span class=\"_ _3\"></span>agr\u00edcolas y ganad<span class=\"_ _3\"></span>eros para su inyecci\u00f3n a la r<span class=\"_ _3\"></span>ed de gas natural. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Producci\u00f3n de calor industrial re<span class=\"_ _2\"></span>novable (Calor indu<span class=\"_ _3\"></span>strial)<span class=\"ls13\">. </span>Actividad de suministro de ener<span class=\"_ _2\"></span>g\u00eda t\u00e9rmica </span></span>renovable con biomas<span class=\"_ _3\"></span>a para descarboniza<span class=\"_ _3\"></span>r procesos industriales.<span class=\"_ _3\"></span>  Las actividades de Biometano y Calor <span class=\"_ _2\"></span>industrial renovable est\u00e1n actualmente en su <span class=\"_ _2\"></span>fase inicial de <span class=\"_ _2\"></span>desarrollo siendo <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>magnitudes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>escasa <span class=\"_ _3\"></span>significatividad<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>NIIF<span class=\"_ _f\"></span>-8, por <span class=\"_ _3\"></span>lo q<span class=\"_ _3\"></span>ue a <span class=\"_ _3\"></span>efectos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>reporte <span class=\"_ _3\"></span>se informan conjunta<span class=\"_ _3\"></span>mente con el segmento d<span class=\"_ _3\"></span>e biomasa.<span class=\"_ _3\"></span> Al o<span class=\"_ _3\"></span>bjeto <span class=\"_ _3\"></span>de a<span class=\"_ _3\"></span>mpliar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>infor<span class=\"_ _3\"></span>maci\u00f3n <span class=\"_ _3\"></span>contenida <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>ap<span class=\"_ _3\"></span>artado, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>adjunta<span class=\"_ _3\"></span> como <span class=\"_ _3\"></span>Anex<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>II <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>estas <span class=\"_ _3\"></span>cuentas anuales <span class=\"_ _f\"></span>consolidadas <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Financiera <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>solidado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como el E<span class=\"_ _3\"></span>stado <span class=\"_ _3\"></span>de Resultado<span class=\"_ _3\"></span> conso<span class=\"_ _3\"></span>lidado y <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de Flujos <span class=\"_ _3\"></span>de Efectivo <span class=\"_ _3\"></span>consolidad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>los ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _f\"></span>5 y 2024 <span class=\"ff6\">de los negocios<span class=\"_ _3\"></span> \u201cCelulosa\u201d y<span class=\"_ _3\"></span> \u201cRenovables\u201d.<span class=\"_ _65\"> </span></span>8.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Informaci\u00f3n por segmento<span class=\"_ _2\"></span> de opera<span class=\"_ _2\"></span>ci\u00f3n </span>A continuaci\u00f3n, se <span class=\"_ _2\"></span>detalla la <span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>formaci\u00f3n por <span class=\"_ _2\"></span>segmentos de <span class=\"_ _2\"></span>actividad para lo<span class=\"_ _2\"></span>s ejercicios <span class=\"_ _2\"></span>2025 y 2024, <span class=\"_ _2\"></span>basada en la informaci\u00f3n de g<span class=\"_ _3\"></span>esti\u00f3n dispon<span class=\"_ _3\"></span>ible utilizada peri\u00f3dicamente:<table class=\"s w2d7 h17d\" id=\"_e46f9e92-7c17-486c-8779-4217e905d692\"><tr><td></td><td></td><td></td><td></td><td class=\"c x265 y1044 w60 h57\"><div class=\"t_1 m0_1 xad h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x265 y1045 w61 h25\"><div class=\"t_1 m0_1 x99 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio CELULOSA </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x266 y1047 w2d8 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Patrimoni</div></td><td class=\"c x267 y1048 w2d9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y</div></td><td class=\"c x268 y1047 w2da h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total</div></td><td class=\"c x269 y1047 w2db h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio</div></td><td class=\"c x26a y1048 w2d9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x26b y1049 w5f h7d\"><div class=\"t_1 m0_1 x39 h58 y574 ff2 fs4 fc2 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2025<span class=\"fc8\"> </span></div></td><td class=\"c x265 y1049 w65 h7d\"><div class=\"t_1 m0_1 x56 h20 y574 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Celulosa  </div></td><td class=\"c x266 y104a w2dc h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">o Forestal</div></td><td class=\"c x26c y104b w2dd h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">eliminacion</div></td><td class=\"c x26d y104a w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa</div></td><td class=\"c x26e y104a w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables</div></td><td class=\"c x26f y104b w2e0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">eliminaci</div></td><td class=\"c x270 y1049 w6b h7d\"><div class=\"t_1 m0_1 x2f h20 y574 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total  </div></td></tr><tr><td></td><td></td><td></td><td class=\"c x271 y104c w2e1 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">es<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x272 y104c w2e2 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ones<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x273 y104d w2e3 h17e\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros</div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x26b y104e w5f h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Ingresos ordinarios:  </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x26b y104f w5f h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> De terceros  </div></td><td class=\"c x265 y104f w65 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">523.051 </div></td><td class=\"c x274 y104f w66 h25\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.069 </div></td><td class=\"c x275 y104f w67 h25\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">105<span class=\"ls0_1\"> </span></div></td><td class=\"c x276 y104f w68 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">541.225 </div></td><td class=\"c x277 y104f w69 h25\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">206.028 </div></td><td class=\"c x278 y104f w6a h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x270 y104f w6b h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">747.253 </div></td></tr><tr><td class=\"c x26b y1050 w5f h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> De otros segmentos  </div></td><td class=\"c x265 y1050 w65 h57\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">544<span class=\"ls0_1\"> </span></div></td><td class=\"c x274 y1050 w66 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">276.038 </div></td><td class=\"c x275 y1050 w67 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(274.202) </div></td><td class=\"c x276 y1050 w68 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.380 </div></td><td class=\"c x277 y1050 w69 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22) </div></td><td class=\"c x278 y1050 w6a h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.359) </div></td><td class=\"c x270 y1050 w6b h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></td></tr><tr><td class=\"c x26b y1051 w5f h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total ingresos:  </div></td><td class=\"c x265 y1051 w65 h57\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">523.595<span class=\"ls0_1\"> </span></div></td><td class=\"c x274 y1051 w66 h57\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">294.107<span class=\"ls0_1\"> </span></div></td><td class=\"c x275 y1051 w67 h57\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(274.097) </div></td><td class=\"c x276 y1051 w68 h57\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">543.605<span class=\"ls0_1\"> </span></div></td><td class=\"c x277 y1051 w69 h57\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">206.006<span class=\"ls0_1\"> </span></div></td><td class=\"c x278 y1051 w6a h57\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.359) </div></td><td class=\"c x270 y1051 w6b h57\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">747.252<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y1052 w5f h25\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Resultados:  </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x26b y1053 w5f h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> EBITDA (*)  </div></td><td class=\"c x265 y1053 w65 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">46.875 </div></td><td class=\"c x274 y1053 w66 h57\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.159 </div></td><td class=\"c x275 y1053 w67 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3 </div></td><td class=\"c x276 y1053 w68 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">56.037 </div></td><td class=\"c x277 y1053 w69 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.432 </div></td><td class=\"c x278 y1053 w6a h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></td><td class=\"c x270 y1053 w6b h57\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">83.469 </div></td></tr><tr><td class=\"c x26b y1054 w5f h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioro y resultado por enajenaciones de inmovilizado <span class=\"ff2\"> </span></div></td><td class=\"c x265 y1054 w65 h57\"><div class=\"t_1 m0_1 x14 h58 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">61<span class=\"ff2 ls0_1\"> </span></div></td><td class=\"c x274 y1054 w66 h57\"><div class=\"t_1 m0_1 x3a h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(123)<span class=\"ff2\"> </span></div></td><td class=\"c x275 y1054 w67 h57\"><div class=\"t_1 m0_1 x57 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5<span class=\"ff2\"> </span></div></td><td class=\"c x276 y1054 w68 h57\"><div class=\"t_1 m0_1 x18 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">57</span>)<span class=\"ff2\"> </span></div></td><td class=\"c x277 y1054 w69 h57\"><div class=\"t_1 m0_1 x1e h58 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">833<span class=\"ff2 ls0_1\"> </span></div></td><td class=\"c x278 y1054 w6a h57\"><div class=\"t_1 m0_1 x20 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff2\"> </span></div></td><td class=\"c x270 y1054 w6b h57\"><div class=\"t_1 m0_1 x1d h58 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">776<span class=\"ff2 ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y1055 w5f h25\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficio/ (p\u00e9rdida) de explotaci\u00f3n </div></td><td class=\"c x265 y1055 w65 h25\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.467) </div></td><td class=\"c x274 y1055 w66 h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.593) </div></td><td class=\"c x275 y1055 w67 h25\"><div class=\"t_1 m0_1 x57 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x276 y1055 w6c h25\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(30.059) </div></td><td class=\"c x279 y1055 w54 h25\"><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.724) </div></td><td class=\"c x27a y1055 w6d h25\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.857<span class=\"ls0_1\"> </span></div></td><td class=\"c x270 y1055 w6b h25\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(36.926) </div></td></tr><tr><td class=\"c x26b y1056 w5f h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Ingresos financieros  </div></td><td class=\"c x265 y1056 w65 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.966 </div></td><td class=\"c x274 y1056 w66 h57\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.294 </div></td><td class=\"c x275 y1056 w67 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.633) </div></td><td class=\"c x276 y1056 w68 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.627 </div></td><td class=\"c x277 y1056 w69 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.419 </div></td><td class=\"c x278 y1056 w6a h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.503) </div></td><td class=\"c x270 y1056 w6b h57\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.543 </div></td></tr><tr><td class=\"c x26b y1057 w5f h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Gastos financieros  </div></td><td class=\"c x265 y1057 w65 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(29.051) </div></td><td class=\"c x274 y1057 w66 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(980) </div></td><td class=\"c x275 y1057 w67 h57\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.619 </div></td><td class=\"c x276 y1057 w68 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.412) </div></td><td class=\"c x277 y1057 w69 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(20.009) </div></td><td class=\"c x278 y1057 w6a h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.503 </div></td><td class=\"c x270 y1057 w6b h57\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(45.918) </div></td></tr><tr><td class=\"c x26b y1058 w5f h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Variaci\u00f3n en el valor razonable de ins<span class=\"_ _2\"></span>trumentos financieros<span class=\"_ _3\"></span> </div></td><td class=\"c x265 y1058 w65 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.702) </div></td><td class=\"c x274 y1058 w66 h25\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x275 y1058 w67 h25\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x276 y1058 w68 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.702) </div></td><td class=\"c x277 y1058 w69 h25\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x278 y1058 w6a h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x270 y1058 w6b h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.700) </div></td></tr><tr><td class=\"c x26b y1059 w5f h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Diferencias de cambio  </div></td><td class=\"c x265 y1059 w65 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.059) </div></td><td class=\"c x274 y1059 w66 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">114<span class=\"ls0_1\"> </span></div></td><td class=\"c x275 y1059 w67 h57\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x276 y1059 w68 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.945) </div></td><td class=\"c x277 y1059 w69 h57\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">238<span class=\"ls0_1\"> </span></div></td><td class=\"c x278 y1059 w6a h57\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x270 y1059 w6b h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.707) </div></td></tr><tr><td class=\"c x26b y105a w5f h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioro de instrumentos financieros  </div></td><td class=\"c x265 y105a w65 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.445) </div></td><td class=\"c x274 y105a w66 h25\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(33) </div></td><td class=\"c x275 y105a w67 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.476 </div></td><td class=\"c x276 y105a w68 h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2) </div></td><td class=\"c x277 y105a w69 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.212) </div></td><td class=\"c x278 y105a w6a h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x270 y105a w6b h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.214) </div></td></tr><tr><td class=\"c x26b y105b w5f h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Resultado m\u00e9todo de la participaci\u00f3n  </div></td><td class=\"c x265 y105b w65 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x274 y105b w66 h57\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x275 y105b w67 h57\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x276 y105b w68 h57\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x277 y105b w69 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x278 y105b w6a h57\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x270 y105b w6b h57\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td></tr><tr><td class=\"c x26b y105c w5f h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Impuesto sobre beneficios   </div></td><td class=\"c x265 y105c w65 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.532 </div></td><td class=\"c x274 y105c w66 h25\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">313<span class=\"ls0_1\"> </span></div></td><td class=\"c x275 y105c w67 h25\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3 </div></td><td class=\"c x276 y105c w68 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.848 </div></td><td class=\"c x277 y105c w69 h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.712 </div></td><td class=\"c x278 y105c w6a h25\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(144) </div></td><td class=\"c x270 y105c w6b h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.416 </div></td></tr><tr><td class=\"c x26b y105d w5f h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Beneficio/ (p\u00e9rdida) del ejercicio  </div></td><td class=\"c x265 y105d w65 h57\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\"></span><span class=\"lsd\">43.22</span>6) </div></td><td class=\"c x274 y105d w66 h57\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">881</span>) </div></td><td class=\"c x275 y105d w67 h57\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.467<span class=\"ls0_1\"> </span></div></td><td class=\"c x276 y105d w68 h57\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(41.<span class=\"lsd\">64</span>0) </div></td><td class=\"c x277 y105d w69 h57\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls2e ws0_1\">(2<span class=\"lsd\">2.574</span><span class=\"lsd\"><span class=\"ls0_1\">) </span></span></div></td><td class=\"c x278 y105d w6a h57\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.713<span class=\"ls0_1\"> </span></div></td><td class=\"c x270 y105d w6b h57\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls2e ws0_1\">(6<span class=\"lsd\">2.502</span><span class=\"lsd\"><span class=\"ls0_1\">) </span></span></div></td></tr><tr><td class=\"c x26b y105e w5f h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Resultado atribuido a intereses minoritarios </div></td><td class=\"c x265 y105e w65 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x274 y105e w66 h57\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x275 y105e w67 h57\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x276 y105e w68 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x277 y105e w69 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.045) </div></td><td class=\"c x278 y105e w6a h57\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x270 y105e w6b h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.045) </div></td></tr><tr><td class=\"c x26b y105f w5f h7f\"><div class=\"t_1 m0_1 xb0 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Beneficio/ (p\u00e9rdida) atribuible a la soci<span class=\"_ _2\"></span>edad dominante<span class=\"_ _3\"></span> </div></td><td class=\"c x265 y105f w65 h7f\"><div class=\"t_1 m0_1 xe h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(43.226) </div></td><td class=\"c x274 y105f w66 h7f\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(881) </div></td><td class=\"c x275 y105f w67 h7f\"><div class=\"t_1 m0_1 x13 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.467<span class=\"ls0_1\"> </span></div></td><td class=\"c x276 y105f w68 h7f\"><div class=\"t_1 m0_1 xe h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(41.640) </div></td><td class=\"c x277 y105f w69 h7f\"><div class=\"t_1 m0_1 x86 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">14.529</span>) </div></td><td class=\"c x278 y105f w6a h7f\"><div class=\"t_1 m0_1 x2b h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.713<span class=\"ls0_1\"> </span></div></td><td class=\"c x270 y105f w6b h7f\"><div class=\"t_1 m0_1 x13 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">54.457</span>) </div></td></tr><tr><td class=\"c x26b y1060 w5f h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Inversi\u00f3n (**)  </div></td><td class=\"c x265 y1060 w65 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">82.117 </div></td><td class=\"c x274 y1060 w66 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.377 </div></td><td class=\"c x275 y1060 w67 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.318 </div></td><td class=\"c x276 y1060 w68 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">91.807 </div></td><td class=\"c x277 y1060 w69 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.474 </div></td><td class=\"c x278 y1060 w6a h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x270 y1060 w6b h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">119.281 </div></td></tr><tr><td class=\"c x26b y1061 w5f h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Amortizaci\u00f3n acumulada y agotamiento forestal (**<span class=\"_ _2\"></span>) <span class=\"_ _3\"></span> </div></td><td class=\"c x265 y1061 w65 h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.029.549) </div></td><td class=\"c x274 y1061 w66 h57\" colspan=\"2\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(82.602) </div></td><td class=\"c x27c y1063 w2e4 h17f\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-</div><div class=\"t_1 m0_1 x27b h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.112.151)<span class=\"_ _65\"> </span></div></td><td class=\"c x277 y1061 w69 h57\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(410.204) </div></td><td class=\"c x278 y1061 w6a h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.997) </div></td><td class=\"c x270 y1061 w6b h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.532.352) </div></td></tr><tr><td class=\"c x26b y1064 w5f h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioro (**)  </div></td><td class=\"c x265 y1064 w65 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.983) </div></td><td class=\"c x274 y1064 w66 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.360) </div></td><td class=\"c x275 y1064 w67 h25\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x276 y1064 w68 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.343) </div></td><td class=\"c x277 y1064 w69 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(26.440) </div></td><td class=\"c x278 y1064 w6a h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(84) </div></td><td class=\"c x270 y1064 w6b h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(34.867) </div></td></tr></table>(*) Magnitud no desglosada en el Estado de Resultado Consolidado y no definida en las NIIF. V\u00e9ase definici\u00f3n de dicha magnitu<span class=\"ls2f\">d </span>as\u00ed como reconciliaci\u00f3n con el estado de re<span class=\"_ _2\"></span>sultado consolidado en el Anexo \u201cInforme de Resultados 202<span class=\"_ _3\"></span><span class=\"ff3\">5\" al Informe de Gesti\u00f3n </span>Consolidado del ejercicio 2025. (**) Adquisiciones en el ejercicio, amortizaci\u00f3n acumulada y agotamien<span class=\"_ _2\"></span>to forestal, y deterioro de valor de activos incluidos <span class=\"_ _3\"></span>en los ep\u00edgrafes \"Propiedad, planta y equipo\", \"Activos in<span class=\"_ _2\"></span>tangibles\" y \"Activos biol\u00f3gicos\". No incluye los saldos correspondientes<span class=\"_ _3\"></span> <span class=\"ls30\">a </span>Activos por derecho de uso (ver Nota 17) ni Fondo de comercio (ver Nota 15<span class=\"ls31\">).</span> Negocio CELULOSA Miles de Euros Patrimonio<span class=\"_ _65\"> </span>31 de diciembre de<span class=\"_ _65\"> </span>Ajustes y<span class=\"_ _65\"> </span>Total<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Ajustes y<span class=\"_ _65\"> </span>Total 202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span>Celulosa Forestal y<span class=\"_ _65\"> </span>eliminaciones<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>eliminaciones<span class=\"_ _65\"> </span>otros<span class=\"_ _65\"> </span>Activos No corrientes 838.111 213.690 (133.860) 917.941 441.900 (189.477) 1.170.364 Corrientes 271.984 59.305 (31.103) 300.186 90.547 (3.402) 387.331 Total activos (a) 1.110.095<span class=\"ls0_1\"> </span>272.995<span class=\"ls0_1\"> </span>(164.963) 1.218.127<span class=\"ls0_1\"> </span>532.447<span class=\"ls0_1\"> </span>(192.879) 1.557.695<span class=\"ls0_1\"> </span>Pasivos No corrientes 390.238 25.083 (27.608) 387.713 306.849 (59.390) 635.172<span class=\"_ _65\"> </span>Corrientes 296.901 89.699 (29.027) 357.573 80.862 (3.402) 435.033 Total pasivos (a) 687.139<span class=\"ls0_1\"> </span>114.782<span class=\"ls0_1\"> </span>(56.635) 745.286<span class=\"ls0_1\"> </span>387.711<span class=\"ls0_1\"> </span>(62.792) 1.070.205<span class=\"ls0_1\"> </span>(a)<span class=\"ff4\"> <span class=\"_ _24\"> </span></span>No se incluyen ni fondos propios, ni los activos y pasivos por impuestos diferid<span class=\"_ _2\"></span>os<span class=\"_ _3\"></span>.<table class=\"s w2ee h183\" id=\"_c26d2309-0830-45c5-b2d8-340fc39a76c0\"><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y1077 w82 h25\"><div class=\"t_1 m0_1 x72 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x292 y1078 w83 h57\"><div class=\"t_1 m0_1 x99 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio CELULOSA </div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x293 y1079 w2d9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td class=\"c x294 y1079 w2d9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes y<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x26b y107a w81 h7d\"><div class=\"t_1 m0_1 x27 h58 y62e ff2 fs4 fc2 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024<span class=\"fc8\"> </span></div></td><td class=\"c x292 y107a w87 h7d\"><div class=\"t_1 m0_1 x6c h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Celulosa  </div></td><td class=\"c x295 y107b w2e6 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Patrimonio</div></td><td class=\"c x296 y107c w2ef h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">eliminacione</div></td><td class=\"c x297 y107b w2da h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total</div></td><td class=\"c x298 y107b w2db h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio</div></td><td class=\"c x299 y107c w2ef h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">eliminacione</div></td><td class=\"c x29a y107a w86 h7d\"><div class=\"t_1 m0_1 xe h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total  </div></td></tr><tr><td></td><td></td><td class=\"c x29b y107d w2eb h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Forestal y<span class=\"_ _65\"> </span></div></td><td class=\"c x29c y107e w2f0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls32 ws0_1\">s<span class=\"_ _65\"> </span></div></td><td class=\"c x29d y107d w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa</div></td><td class=\"c x29e y107d w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x29f y107e w2f0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls32 ws0_1\">s<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x2a0 y107f w2ed h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">otros</div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x26b y1080 w81 h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Ingresos ordinarios:  </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x26b y1081 w81 h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> De terceros  </div></td><td class=\"c x292 y1081 w87 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">662.844 </div></td><td class=\"c x2a1 y1081 w88 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.170 </div></td><td class=\"c x2a2 y1081 w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a3 y1081 w89 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">678.014 </div></td><td class=\"c x2a4 y1081 w84 h57\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">192.424 </div></td><td class=\"c x2a5 y1081 w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x29a y1081 w86 h57\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">870.438 </div></td></tr><tr><td class=\"c x26b y1082 w81 h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> De otros segmentos  </div></td><td class=\"c x292 y1082 w87 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.871 </div></td><td class=\"c x2a1 y1082 w88 h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">290.471 </div></td><td class=\"c x2a2 y1082 w85 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(296.467) </div></td><td class=\"c x2a3 y1082 w89 h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.875 </div></td><td class=\"c x2a4 y1082 w84 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(190) </div></td><td class=\"c x2a5 y1082 w85 h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.685) </div></td><td class=\"c x29a y1082 w86 h25\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x26b y1083 w81 h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total ingresos:  </div></td><td class=\"c x292 y1083 w87 h57\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">672.715<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a1 y1083 w88 h57\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">305.641<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a2 y1083 w85 h57\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(296.467) </div></td><td class=\"c x2a3 y1083 w89 h57\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">681.889<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a4 y1083 w84 h57\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">192.234<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a5 y1083 w85 h57\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.685) </div></td><td class=\"c x29a y1083 w86 h57\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">870.438<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y1084 w81 h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Resultados:  </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x26b y1085 w81 h25\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> EBITDA (*)  </div></td><td class=\"c x292 y1085 w87 h25\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">130.221<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a1 y1085 w88 h25\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.939<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a2 y1085 w85 h25\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></td><td class=\"c x2a3 y1085 w89 h25\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">138.159<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a4 y1085 w84 h25\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">26.319<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a5 y1085 w85 h25\"><div class=\"t_1 m0_1 x41 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5 </div></td><td class=\"c x29a y1085 w86 h25\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">164.483<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y1086 w81 h85\"><div class=\"t_1 m0_1 xb0 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro y resultado por enajenaciones de inmovilizado<span class=\"ff2\"> </span></div></td><td class=\"c x292 y1086 w87 h85\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.550) </div></td><td class=\"c x2a1 y1086 w88 h85\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">36<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a2 y1086 w85 h85\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(199) </div></td><td class=\"c x2a3 y1086 w89 h85\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.713) </div></td><td class=\"c x2a4 y1086 w84 h85\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a5 y1086 w85 h85\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x29a y1086 w86 h85\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.713) </div></td></tr><tr><td class=\"c x26b y1087 w81 h86\"><div class=\"t_1 m0_1 xb0 h58 y575 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficio/ (p\u00e9rdida) de explotaci\u00f3n </div></td><td class=\"c x292 y1087 w8a h86\"><div class=\"t_1 m0_1 x3d h58 y575 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"lsd\">76.659  <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x2a1 y1087 w8b h86\"><div class=\"t_1 m0_1 xb0 h58 y575 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.025)   </span></div></td><td class=\"c x2a2 y1087 w8c h86\"><div class=\"t_1 m0_1 x6c h58 y575 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">(1)   </span></div></td><td class=\"c x2a6 y1087 w8d h86\"><div class=\"t_1 m0_1 x6c h58 y575 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">72.633  <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x2a7 y1087 w8e h86\"><div class=\"t_1 m0_1 x3d h58 y575 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(10.937)   </span></div></td><td class=\"c x2a5 y1087 w8f h86\"><div class=\"t_1 m0_1 x10 h58 y575 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"lsd\">1.625  <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x2a8 y1087 w90 h86\"><div class=\"t_1 m0_1 x1d h58 y4d6 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">          </div><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">63.321  <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y1088 w81 h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Ingresos financieros  </div></td><td class=\"c x292 y1088 w87 h57\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.405 </div></td><td class=\"c x2a1 y1088 w88 h57\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.817 </div></td><td class=\"c x2a2 y1088 w85 h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.273) </div></td><td class=\"c x2a6 y1088 w89 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.949 </div></td><td class=\"c x2a4 y1088 w84 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.498 </div></td><td class=\"c x2a5 y1088 w85 h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.597) </div></td><td class=\"c x29a y1088 w86 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.850 </div></td></tr><tr><td class=\"c x26b y1089 w81 h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Gastos financieros  </div></td><td class=\"c x292 y1089 w87 h25\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(29.457) </div></td><td class=\"c x2a1 y1089 w88 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.357) </div></td><td class=\"c x2a2 y1089 w85 h25\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.273 </div></td><td class=\"c x2a6 y1089 w89 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.541) </div></td><td class=\"c x2a4 y1089 w84 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16.325) </div></td><td class=\"c x2a5 y1089 w85 h25\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.597 </div></td><td class=\"c x29a y1089 w86 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(43.269) </div></td></tr><tr><td class=\"c x26b y108a w81 h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Variaci\u00f3n en el valor razonable de ins<span class=\"_ _2\"></span>trumentos financieros<span class=\"_ _3\"></span> </div></td><td class=\"c x292 y108a w87 h57\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">89<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a1 y108a w88 h57\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a2 y108a w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a6 y108a w89 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">89<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a4 y108a w84 h57\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">266<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a5 y108a w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x29a y108a w86 h57\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">355<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y108b w81 h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Diferencias de cambio  </div></td><td class=\"c x292 y108b w87 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.318 </div></td><td class=\"c x2a1 y108b w88 h57\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(74) </div></td><td class=\"c x2a2 y108b w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a6 y108b w89 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.244 </div></td><td class=\"c x2a4 y108b w84 h57\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></td><td class=\"c x2a5 y108b w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x29a y108b w86 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.243 </div></td></tr><tr><td class=\"c x26b y108c w81 h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioro de instrumentos financieros  </div></td><td class=\"c x292 y108c w87 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.881) </div></td><td class=\"c x2a1 y108c w88 h25\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(163) </div></td><td class=\"c x2a2 y108c w85 h25\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.881 </div></td><td class=\"c x2a6 y108c w89 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(163) </div></td><td class=\"c x2a4 y108c w84 h25\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a5 y108c w85 h25\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x29a y108c w86 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(163) </div></td></tr><tr><td class=\"c x26b y108d w81 h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Resultado m\u00e9todo de la participaci\u00f3n  </div></td><td class=\"c x292 y108d w87 h57\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a1 y108d w88 h57\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a2 y108d w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a6 y108d w89 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a4 y108d w84 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a5 y108d w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x29a y108d w86 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y108e w81 h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Impuesto sobre beneficios   </div></td><td class=\"c x292 y108e w87 h25\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.208) </div></td><td class=\"c x2a1 y108e w88 h25\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">815<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a2 y108e w85 h25\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a6 y108e w89 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.393) </div></td><td class=\"c x2a4 y108e w84 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(693) </div></td><td class=\"c x2a5 y108e w85 h25\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(144) </div></td><td class=\"c x29a y108e w86 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.230) </div></td></tr><tr><td class=\"c x26b y108f w81 h57\"><div class=\"t_1 m0_1 xb0 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Beneficio/ (p\u00e9rdida) del ejercicio  </div></td><td class=\"c x292 y108f w87 h57\"><div class=\"t_1 m0_1 x50 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">43.925<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a1 y108f w88 h57\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.974) </div></td><td class=\"c x2a2 y108f w85 h57\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.880<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a6 y108f w89 h57\"><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">43.831<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a4 y108f w84 h57\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(25.192) </div></td><td class=\"c x2a5 y108f w85 h57\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.481<span class=\"ls0_1\"> </span></div></td><td class=\"c x29a y108f w86 h57\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">20.120<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y1090 w81 h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Resultado atribuido a intereses minoritarios </div></td><td class=\"c x292 y1090 w87 h57\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a1 y1090 w88 h57\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a2 y1090 w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a6 y1090 w89 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a4 y1090 w84 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.431) </div></td><td class=\"c x2a5 y1090 w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x29a y1090 w86 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.431) </div></td></tr><tr><td class=\"c x26b y1091 w81 h31\"><div class=\"t_1 m0_1 xb0 h58 y64b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Beneficio/ (p\u00e9rdida) atribuible a la soci<span class=\"_ _2\"></span>edad dominante<span class=\"_ _3\"></span> </div></td><td class=\"c x292 y1091 w87 h31\"><div class=\"t_1 m0_1 x50 h58 y64b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">43.925<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a1 y1091 w88 h31\"><div class=\"t_1 m0_1 x2b h58 y64b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.974) </div></td><td class=\"c x2a2 y1091 w85 h31\"><div class=\"t_1 m0_1 xcb h58 y64b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.880<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a6 y1091 w89 h31\"><div class=\"t_1 m0_1 x2f h58 y64b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">43.831<span class=\"ls0_1\"> </span></div></td><td class=\"c x2a4 y1091 w84 h31\"><div class=\"t_1 m0_1 x86 h58 y64b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(13.761) </div></td><td class=\"c x2a5 y1091 w85 h31\"><div class=\"t_1 m0_1 x1e h58 y64b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.481<span class=\"ls0_1\"> </span></div></td><td class=\"c x29a y1091 w86 h31\"><div class=\"t_1 m0_1 xc h58 y64b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.551<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x26b y1092 w81 h57\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Inversi\u00f3n (**)  </div></td><td class=\"c x292 y1092 w87 h57\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">47.517 </div></td><td class=\"c x2a1 y1092 w88 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.751 </div></td><td class=\"c x2a2 y1092 w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a6 y1092 w89 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.268 </div></td><td class=\"c x2a4 y1092 w84 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">37.519 </div></td><td class=\"c x2a5 y1092 w85 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x29a y1092 w86 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">96.787 </div></td></tr><tr><td class=\"c x26b y1093 w81 h87\"><div class=\"t_1 m0_1 xb0 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Amortizaci\u00f3n acumulada y agotamiento forestal (**<span class=\"_ _2\"></span>) <span class=\"_ _3\"></span> </div></td><td class=\"c x292 y1093 w87 h87\"><div class=\"t_1 m0_1 x10 h20 y64e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(987.528<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">) </div></td><td class=\"c x2a1 y1093 w88 h87\"><div class=\"t_1 m0_1 xe h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(78.712) </div></td><td></td><td class=\"c x2aa y1094 w2f1 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-</div><div class=\"t_1 m0_1 x2a9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.066.240)<span class=\"_ _65\"> </span></div></td><td class=\"c x2a4 y1093 w84 h87\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(381.262) </div></td><td class=\"c x2a5 y1093 w85 h87\"><div class=\"t_1 m0_1 x1f h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.854) </div></td><td class=\"c x29a y1093 w86 h87\"><div class=\"t_1 m0_1 xb0 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.459.356) </div></td></tr><tr><td class=\"c x26b y1095 w81 h25\"><div class=\"t_1 m0_1 xb0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioro (**)  </div></td><td class=\"c x292 y1095 w87 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.052) </div></td><td class=\"c x2a1 y1095 w88 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7.224) </div></td><td class=\"c x2a2 y1095 w85 h25\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x2a6 y1095 w89 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.276) </div></td><td class=\"c x2a4 y1095 w84 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.618) </div></td><td class=\"c x2a5 y1095 w85 h25\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(84) </div></td><td class=\"c x29a y1095 w86 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(35.978) </div></td></tr></table>(*) 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=\"_ _2\"></span>sultado consolidado en el Anexo \u201cInforme de Resultados 202<span class=\"_ _3\"></span><span class=\"ff3\">4\" al Informe de Gesti\u00f3n </span>Consolidado del ejercicio 2024. (**) Adquisiciones en el ejercicio, amortizaci\u00f3n acumulada y agotamiento forestal, y d<span class=\"_ _2\"></span>eterioro de valor de activos incluidos en <span class=\"_ _3\"></span>los ep\u00edgrafes \"Propiedad, planta y equipo\", \"Activos in<span class=\"_ _2\"></span>tangibles\" y \"Activos biol\u00f3gicos\". No incluye los saldos correspondientes <span class=\"_ _3\"></span><span class=\"ls30\">a </span>Activos por derecho de uso (ver Nota 17) ni Fondo de comercio (ver Nota 15). Negocio CELULOSA Miles de Euros Patrimonio<span class=\"_ _65\"> </span>Ajustes y<span class=\"_ _65\"> </span>Total<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Ajustes y<span class=\"_ _65\"> </span>Total 31 de diciembre de 2024<span class=\"fc8\"> </span>Celulosa Forestal y<span class=\"_ _65\"> </span>eliminaciones<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>eliminaciones<span class=\"_ _65\"> </span>otros<span class=\"_ _65\"> </span>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 (b) 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<span class=\"_ _65\"> </span>Total pasivos (b) 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>(b)<span class=\"ff4\"> </span>No se incluyen ni fondos propios, ni los activos y pasivos por impuestos diferidos.<span class=\"_ _65\"> </span>8.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Informaci\u00f3n por Planta pr<span class=\"_ _2\"></span>oductiva </span>De <span class=\"_ _16\"> </span>forma <span class=\"_ _19\"> </span>complementaria <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>informaci\u00f3n <span class=\"_ _19\"> </span>por <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>egmentos <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>actividad<span class=\"_ _3\"></span>, <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>detalla<span class=\"_ _f\"></span>n <span class=\"_ _16\"> </span>a <span class=\"_ _19\"> </span>continuaci\u00f3n magnitudes relevantes d<span class=\"_ _3\"></span>el Est<span class=\"_ _3\"></span>ado de Resulta<span class=\"_ _3\"></span>do de las biof\u00e1b<span class=\"_ _3\"></span>ricas de producci\u00f3n<span class=\"_ _3\"></span> de celulosa d<span class=\"_ _3\"></span>e Pontevedra y Navia reconciliad<span class=\"_ _3\"></span>a con el estado d<span class=\"_ _3\"></span>e resultado cons<span class=\"_ _3\"></span>olidado de ENCE <span class=\"_ _3\"></span>Celulosa (v\u00e9ans<span class=\"_ _3\"></span>e Nota 8.1 y Anexo II):<span class=\"_ _3\"></span> <table class=\"s w2f4 h186\" id=\"_b98ef669-b327-4b99-b217-bc304b084c6b\"><tr><td></td><td></td><td></td><td class=\"c x2c0 y10a1 w99 h24\"><div class=\"t_1 m0_1 x72 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td></td></tr><tr><td class=\"c x2c1 y10a2 w98 h89\"><div class=\"t_1 m0_1 xcb h58 y1dc ff2 fs4 fc8 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2025 </div></td><td class=\"c x1da y10a3 w2f5 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biof\u00e1brica de<span class=\"_ _65\"> </span></div></td><td class=\"c x2c2 y10a3 w2f5 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biof\u00e1brica de<span class=\"_ _65\"> </span></div></td><td class=\"c x2c3 y10a2 w9c h89\"><div class=\"t_1 m0_1 x10 h20 y1dc ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corporativo </div></td><td class=\"c x2c4 y10a2 w9d h89\"><div class=\"t_1 m0_1 x50 h20 y1dc ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros (a) </div></td><td class=\"c x2c5 y10a3 w2f6 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Negocio<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x2c6 y10a4 w2f7 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pontevedra<span class=\"_ _65\"> </span></div></td><td class=\"c x2c7 y10a4 w2f8 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Navia<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x2c8 y10a4 w2de h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2c9 h58 y10a5 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Magnitudes operativas:<span class=\"_ _65\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1ca y10a6 w2f9 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Producci\u00f3n de celulosa (Tad)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2ca y10a6 w2fa h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">392.435<span class=\"_ _65\"> </span></div></td><td class=\"c n x2cb y10a6 w2fa h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">556.148<span class=\"_ _65\"> </span></div></td><td class=\"c n x2cc y10a6 w2fb h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2cd y10a6 w2fc h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2ce y10a6 w2fa h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">948.583<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c n x1ca y10a7 w2fd h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Venta de celulosa (Tad)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2cf y10a7 w2fa h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">400.488<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d0 y10a7 w2fe h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">566.070<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d1 y10a7 w2fc h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d2 y10a7 w2fb h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d3 y10a7 w2ff h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">966.558<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c n x1ca y10a8 w300 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Venta de energ\u00eda (MWh)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d4 y10a8 w301 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">801<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d5 y10a8 w2fe h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">226.986<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d6 y10a8 w2fc h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d7 y10a8 w2fb h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2d8 y10a8 w2fa h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">227.787<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2c9 h58 y10a9 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operaciones continuadas:<span class=\"_ _65\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_1 m0_1 x2c9 h20 y10aa ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Importe neto de la cifra de negocios </td><td class=\"c n x2d9 y10ab w2fa h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">208.706<span class=\"_ _65\"> </span></div></td><td class=\"c n x2da y10ab w2fe h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">328.302<span class=\"_ _65\"> </span></div></td><td class=\"c n x2db y10ab w2fc h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2dc y10ab w302 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.299<span class=\"_ _65\"> </span></div></td><td class=\"c n x2dd y10ab w2fa h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">552.307<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2c9 h20 y10ac ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aprovisionamientos y otros </td><td class=\"c n x2de y10ad w303 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(149.815)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2df y10ad w303 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(213.748)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2e0 y10ad w2fb h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2e1 y10ad w302 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.889<span class=\"_ _65\"> </span></div></td><td class=\"c n x2e2 y10ad w303 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(349.674)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2e3 h58 y10ae ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">MARGEN BRUTO </td><td class=\"c n x2e4 y10af w304 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">58.891<span class=\"_ _65\"> </span></div></td><td class=\"c n x2e5 y10af w305 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">114.554<span class=\"_ _65\"> </span></div></td><td class=\"c n x2e6 y10af w306 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2e7 y10af w304 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.188<span class=\"_ _65\"> </span></div></td><td class=\"c n x2e8 y10af w305 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202.633<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c n x1ca y10b0 w307 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de personal<span class=\"_ _65\"> </span></div></td><td class=\"c n x2e9 y10b0 w308 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(33.531)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2ea y10b0 w309 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(42.925)</div></td><td class=\"c n x2eb y10b0 w309 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(32.199)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2ec y10b0 w30a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.305)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2ed y10b0 w303 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(110.960)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c n x1ca y10b1 w30b h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>gastos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c n x2ee y10b1 w30c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.516<span class=\"_ _65\"> </span></div></td><td class=\"c n x2ef y10b1 w309 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(27.673)</div></td><td class=\"c n x2f0 y10b1 w309 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.882)</div></td><td class=\"c n x2f1 y10b1 w309 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22.595)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2f2 y10b1 w30d h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(59.634<span class=\"ls2\">)<span class=\"_ _65\"> </span></span></div></td></tr><tr><td class=\"c n x1ca y10b2 w30e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Repercusi\u00f3n estructura<span class=\"_ _65\"> </span></div></td><td class=\"c n x2f3 y10b2 w309 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(17.090)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2f4 y10b2 w309 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.228)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2f5 y10b2 w302 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">44.081<span class=\"_ _65\"> </span></div></td><td class=\"c n x2f6 y10b2 w30f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.763)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2f7 y10b2 w2fb h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2f8 h58 y10b3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EBITDA (*) </td><td class=\"c n x2e4 y10b4 w304 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">21.561<span class=\"_ _65\"> </span></div></td><td class=\"c n x2f9 y10b4 w310 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">32.951<span class=\"_ _65\"> </span></div></td><td class=\"c n x2fa y10b4 w306 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x2fb y10b4 w311 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.525<span class=\"_ _65\"> </span></div></td><td class=\"c n x2fc y10b4 w304 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">56.037<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c n x1ca y10b5 w312 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaciones y deterioros de activos<span class=\"_ _65\"> </span></div></td><td class=\"c n x2fd y10b5 w309 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(17.900)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2fe y10b5 w309 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(36.711)<span class=\"_ _65\"> </span></div></td><td class=\"c n x2ff y10b5 w2fb h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x300 y10b5 w30a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.324)<span class=\"_ _65\"> </span></div></td><td class=\"c n x301 y10b5 w309 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(59.935)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2c9 h20 y10b6 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos no ordinarios de las<span class=\"_ _65\"> </span></td><td class=\"c n x302 y10b7 w313 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls33 ws0_1\">(12.939)<span class=\"_ _65\"> </span></div></td><td class=\"c n x303 y10b7 w313 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls33 ws0_1\">(13.223)<span class=\"_ _65\"> </span></div></td><td class=\"c n x304 y10b7 w2fc h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls33 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x305 y10b7 w2fb h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls33 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x306 y10b7 w314 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls33 ws0_1\">(26.162)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2c9 h20 y10b8 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">operaciones </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_1 m0_1 x307 h58 y10b9 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) DE<span class=\"_ _65\"> </span></td><td class=\"c n x308 y10ba w315 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.278)<span class=\"_ _65\"> </span></div></td><td class=\"c n x309 y10ba w316 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16.983)<span class=\"_ _65\"> </span></div></td><td class=\"c n x30a y10ba w2fb h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x30b y10ba w315 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.799)<span class=\"_ _65\"> </span></div></td><td class=\"c n x30c y10ba w316 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(30.060)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x30d h58 y10bb ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EXPLOTACI\u00d3N </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1ca y10bc w317 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero<span class=\"_ _65\"> </span></div></td><td class=\"c n x30e y10bc w318 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.536)<span class=\"_ _65\"> </span></div></td><td class=\"c n x30f y10bc w309 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.501)<span class=\"_ _65\"> </span></div></td><td class=\"c n x310 y10bc w2fb h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x311 y10bc w30f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.397)<span class=\"_ _65\"> </span></div></td><td class=\"c n x312 y10bc w309 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(27.434)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c n x1ca y10bd w319 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado Puesta en equivalencia<span class=\"_ _65\"> </span></div></td><td class=\"c n x313 y10bd w2fb h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x314 y10bd w2fc h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x315 y10bd w2fb h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x316 y10bd w31a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4<span class=\"_ _65\"> </span></div></td><td class=\"c n x317 y10bd w31b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x318 h58 y10be ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) ANTES DE<span class=\"_ _65\"> </span></td><td class=\"c n x302 y10bf w316 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(17.814)<span class=\"_ _65\"> </span></div></td><td class=\"c n x319 y10bf w31c h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(29.483)<span class=\"_ _65\"> </span></div></td><td class=\"c n x31a y10bf w2fc h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-</div></td><td class=\"c n x31b y10bf w31d h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(10.192)<span class=\"_ _65\"> </span></div></td><td class=\"c n x31c y10bf w316 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(57.489)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x31d h58 y10c0 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">IMPUESTOS </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1ca y10c1 w31e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto sobre beneficios<span class=\"_ _65\"> </span></div></td><td class=\"c n x31e y10c1 w30c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.454<span class=\"_ _65\"> </span></div></td><td class=\"c n x31f y10c1 w30c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.377<span class=\"_ _65\"> </span></div></td><td class=\"c n x320 y10c1 w2fb h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x321 y10c1 w30c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.017<span class=\"_ _65\"> </span></div></td><td class=\"c n x322 y10c1 w302 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.848<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c n x323 y10c2 w31f h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) DEL EJERCICIO<span class=\"_ _65\"> </span></div></td><td class=\"c n x324 y10c2 w316 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(13.360)<span class=\"_ _65\"> </span></div></td><td class=\"c n x325 y10c2 w31c h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22.106)<span class=\"_ _65\"> </span></div></td><td class=\"c n x326 y10c2 w2fc h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x327 y10c2 w315 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.175)<span class=\"_ _65\"> </span></div></td><td class=\"c n x328 y10c2 w316 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(41.641)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2c9 h20 y10c3 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado atribuido a intereses<span class=\"_ _65\"> </span></td><td class=\"c n x329 y10c4 w320 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x32a y10c4 w320 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x32b y10c4 w320 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c n x32c y10c4 w321 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">-<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2c9 h20 y10c5 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">minoritarios </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_1 m0_1 x2c9 h58 y10c6 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Beneficio/ (p\u00e9rdida) atribuibl<span class=\"_ _2\"></span>e a la<span class=\"_ _65\"> </span></td><td class=\"c n x302 y10c7 w316 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(13.360)<span class=\"_ _65\"> </span></div></td><td class=\"c n x319 y10c7 w31c h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22.106)<span class=\"_ _65\"> </span></div></td><td class=\"c n x31a y10c7 w2fc h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c n x32d y10c7 w315 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.175)<span class=\"_ _65\"> </span></div></td><td class=\"c n x31c y10c7 w316 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(41.641)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"t_1 m0_1 x2c9 h58 y10c8 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sociedad dominante </td><td></td><td></td><td></td><td></td><td></td></tr></table>(a)<span class=\"ff4\"> <span class=\"_ _13\"> </span></span>Incluye actividad forestal, y sociedades inactivas (*)  <span class=\"_ _17\"> </span>Magnitud no <span class=\"_ _2\"></span>desglosada en el <span class=\"_ _2\"></span>Estado de Resultado Cons<span class=\"_ _2\"></span>olidado y no d<span class=\"_ _2\"></span>efinida en las <span class=\"_ _2\"></span>NIIF. V\u00e9ase definici\u00f3n <span class=\"_ _2\"></span>de dicha magnitud <span class=\"_ _d\"></span>as\u00ed como <span class=\"_ _2\"></span>reconciliaci\u00f3n <span class=\"_ _d\"></span>con el <span class=\"_ _d\"></span>estado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>resultado consolidado <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>A<span class=\"_ _3\"></span>nexo <span class=\"_ _2\"></span>\u201cInforme <span class=\"_ _d\"></span>de Resultad<span class=\"_ _2\"></span>os <span class=\"_ _2\"></span>202<span class=\"ff3\">5<span class=\"ls34\">\" </span></span>al Informe de Gesti\u00f3n Consolidado del ejercicio 2025.<table class=\"s w322 h188\" id=\"_460794c6-6d51-4e84-a1db-6c9d594a7ff2\"><tr><td></td><td></td><td></td><td class=\"c x32f y10c9 wa0 h24\"><div class=\"t_1 m0_1 x7b h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x330 y10ca w2f5 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biof\u00e1brica de</div></td><td class=\"c x331 y10ca w323 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biof\u00e1brica<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x332 y10cb w2f3 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x333 y10cc w9f h89\"><div class=\"t_1 m0_1 x4a h58 y1dc ff2 fs4 fc8 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td class=\"c x334 y10cd w2f7 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pontevedra</div></td><td class=\"c x335 y10cd w324 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de Navia<span class=\"_ _65\"> </span></div></td><td class=\"c x336 y10cc w8c h89\"><div class=\"t_1 m0_1 x3d h20 y1dc ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corporativo </div></td><td class=\"c x337 y10cc wa2 h89\"><div class=\"t_1 m0_1 x10 h20 y1dc ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros (a) </div></td><td class=\"c x338 y10ce w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x338 y10cf w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x333 y10d0 w9f h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Magnitudes operativas: </div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x333 y10d1 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Producci\u00f3n de celulosa (Tad) </div></td><td class=\"c x32f y10d1 w2a h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">418.888 </div></td><td class=\"c x339 y10d1 wa1 h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">578.067 </div></td><td class=\"c x336 y10d1 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10d1 wa2 h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x33a y10d1 wa3 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">996.955 </div></td></tr><tr><td class=\"c x333 y10d2 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Venta de celulosa (Tad) </div></td><td class=\"c x32f y10d2 w2a h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">413.896 </div></td><td class=\"c x339 y10d2 wa1 h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">553.732 </div></td><td class=\"c x336 y10d2 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10d2 wa2 h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x33a y10d2 wa3 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">967.628 </div></td></tr><tr><td class=\"c x333 y10d3 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Venta de energ\u00eda (MWh) </div></td><td class=\"c x32f y10d3 w2a h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.215 </div></td><td class=\"c x339 y10d3 wa1 h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">237.845 </div></td><td class=\"c x336 y10d3 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10d3 wa2 h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x33a y10d3 wa3 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">247.060 </div></td></tr><tr><td class=\"c x333 y10d4 w9f h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operaciones continuadas: </div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x333 y10d5 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Importe neto de la cifra de negocios </div></td><td class=\"c x32f y10d5 w2a h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">282.786 </div></td><td class=\"c x339 y10d5 wa1 h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">393.450 </div></td><td class=\"c x336 y10d5 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10d5 wa2 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.087 </div></td><td class=\"c x33a y10d5 wa3 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">681.322 </div></td></tr><tr><td class=\"c x333 y10d6 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aprovisionamientos y otros </div></td><td class=\"c x32f y10d6 w2a h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(160.068) </div></td><td class=\"c x339 y10d6 wa1 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(202.673) </div></td><td class=\"c x336 y10d6 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10d6 wa2 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.570 </div></td><td class=\"c x33a y10d6 wa3 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(342.171) </div></td></tr><tr><td class=\"c x333 y10d7 w9f h24\"><div class=\"t_1 m0_1 x26 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">MARGEN BRUTO </div></td><td class=\"c x32f y10d7 w2a h24\"><div class=\"t_1 m0_1 x3a h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">122.718<span class=\"ls0_1\"> </span></div></td><td class=\"c x339 y10d7 wa1 h24\"><div class=\"t_1 m0_1 x86 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">190.776<span class=\"ls0_1\"> </span></div></td><td class=\"c x336 y10d7 w8c h24\"><div class=\"t_1 m0_1 x41 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10d7 wa2 h24\"><div class=\"t_1 m0_1 x50 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">25.657<span class=\"ls0_1\"> </span></div></td><td class=\"c x33a y10d7 wa3 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">339.151<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x333 y10d8 w9f h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de personal </div></td><td class=\"c x32f y10d8 w2a h5c\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.209) </div></td><td class=\"c x339 y10d8 wa1 h5c\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(31.105) </div></td><td class=\"c x336 y10d8 w8c h5c\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(29.742) </div></td><td class=\"c x337 y10d8 wa2 h5c\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.564) </div></td><td class=\"c x33a y10d8 wa3 h5c\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(89.619) </div></td></tr><tr><td class=\"c x333 y10d9 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos de explotaci\u00f3n </div></td><td class=\"c x32f y10d9 w2a h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(34.363) </div></td><td class=\"c x339 y10d9 wa1 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(36.570) </div></td><td class=\"c x336 y10d9 w8c h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(48.918) </div></td><td class=\"c x337 y10d9 wa2 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.478 </div></td><td class=\"c x33a y10d9 wa3 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(111.374) </div></td></tr><tr><td class=\"c x333 y10da w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Repercusi\u00f3n estructura </div></td><td class=\"c x32f y10da w2a h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16.099) </div></td><td class=\"c x339 y10da wa1 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(33.637) </div></td><td class=\"c x336 y10da w8c h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78.659 </div></td><td class=\"c x337 y10da wa2 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.924) </div></td><td class=\"c x33a y10da wa3 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x333 y10db w9f h24\"><div class=\"t_1 m0_1 xe4 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EBITDA (*) </div></td><td class=\"c x32f y10db w2a h24\"><div class=\"t_1 m0_1 x22 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">48.047<span class=\"ls0_1\"> </span></div></td><td class=\"c x339 y10db wa1 h24\"><div class=\"t_1 m0_1 x2f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.464<span class=\"ls0_1\"> </span></div></td><td class=\"c x336 y10db w8c h24\"><div class=\"t_1 m0_1 x41 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10db wa2 h24\"><div class=\"t_1 m0_1 x3a h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">647<span class=\"ls0_1\"> </span></div></td><td class=\"c x33a y10db wa3 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">138.159<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x333 y10dc w9f h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaciones y deterioros de activos </div></td><td class=\"c x32f y10dc w2a h24\"><div class=\"t_1 m0_1 x3a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(17.851) </div></td><td class=\"c x339 y10dc wa1 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(46.915) </div></td><td class=\"c x336 y10dc w8c h24\"><div class=\"t_1 m0_1 x41 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10dc wa2 h24\"><div class=\"t_1 m0_1 x2a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.593) </div></td><td class=\"c x33a y10dc wa3 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(69.359) </div></td></tr><tr><td class=\"c x333 y10dd w9f h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos no ordinarios de las operaciones </div></td><td class=\"c x32f y10dd w2a h24\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(966) </div></td><td class=\"c x339 y10dd wa1 h24\"><div class=\"t_1 m0_1 x3a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.802 </div></td><td class=\"c x336 y10dd w8c h24\"><div class=\"t_1 m0_1 x41 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10dd wa2 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x33a y10dd wa3 h24\"><div class=\"t_1 m0_1 x2f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.835 </div></td></tr><tr><td class=\"c x333 y10de w9f h24\"><div class=\"t_1 m0_1 x2_1 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) DE EXPLOTACI\u00d3N </div></td><td class=\"c x32f y10de w2a h24\"><div class=\"t_1 m0_1 x22 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.230<span class=\"ls0_1\"> </span></div></td><td class=\"c x339 y10de wa1 h24\"><div class=\"t_1 m0_1 x2f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">47.351<span class=\"ls0_1\"> </span></div></td><td class=\"c x336 y10de w8c h24\"><div class=\"t_1 m0_1 x41 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10de wa2 h24\"><div class=\"t_1 m0_1 x2a h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.946) </div></td><td class=\"c x33a y10de wa3 h24\"><div class=\"t_1 m0_1 x86 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">72.635<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x333 y10df w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero </div></td><td class=\"c x32f y10df w2a h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7.310) </div></td><td class=\"c x339 y10df wa1 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(10.520) </div></td><td class=\"c x336 y10df w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10df wa2 h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">406<span class=\"ls0_1\"> </span></div></td><td class=\"c x33a y10df wa3 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(17.424) </div></td></tr><tr><td class=\"c x333 y10e0 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado Puesta en equivalencia </div></td><td class=\"c x32f y10e0 w2a h24\"><div class=\"t_1 m0_1 x4a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x339 y10e0 wa1 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x336 y10e0 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10e0 wa2 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13<span class=\"ls0_1\"> </span></div></td><td class=\"c x33a y10e0 wa3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x333 y10e1 w9f h24\"><div class=\"t_1 m0_1 x50 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) ANTES DE IMPUESTOS </div></td><td class=\"c x32f y10e1 w2a h24\"><div class=\"t_1 m0_1 x22 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">21.919<span class=\"ls0_1\"> </span></div></td><td class=\"c x339 y10e1 wa1 h24\"><div class=\"t_1 m0_1 x2f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">36.831<span class=\"ls0_1\"> </span></div></td><td class=\"c x336 y10e1 w8c h24\"><div class=\"t_1 m0_1 x41 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10e1 wa2 h24\"><div class=\"t_1 m0_1 x2a h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.526) </div></td><td class=\"c x33a y10e1 wa3 h24\"><div class=\"t_1 m0_1 x86 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.224<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x333 y10e2 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto sobre beneficios </div></td><td class=\"c x32f y10e2 w2a h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.525) </div></td><td class=\"c x339 y10e2 wa1 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7.602) </div></td><td class=\"c x336 y10e2 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10e2 wa2 h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">734<span class=\"ls0_1\"> </span></div></td><td class=\"c x33a y10e2 wa3 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.393) </div></td></tr><tr><td class=\"c x333 y10e3 w9f h24\"><div class=\"t_1 m0_1 x30 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">BENEFICIO/ (P\u00c9RDIDA) DEL EJERCICIO </div></td><td class=\"c x32f y10e3 w2a h24\"><div class=\"t_1 m0_1 x22 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">17.395<span class=\"ls0_1\"> </span></div></td><td class=\"c x339 y10e3 wa1 h24\"><div class=\"t_1 m0_1 x2f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.229<span class=\"ls0_1\"> </span></div></td><td class=\"c x336 y10e3 w8c h24\"><div class=\"t_1 m0_1 x41 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10e3 wa2 h24\"><div class=\"t_1 m0_1 x2a h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.792) </div></td><td class=\"c x33a y10e3 wa3 h24\"><div class=\"t_1 m0_1 x86 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">43.831<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x333 y10e4 w9f h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado atribuido a intereses minoritarios </div></td><td class=\"c x32f y10e4 w2a h24\"><div class=\"t_1 m0_1 x4a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x339 y10e4 wa1 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x336 y10e4 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x33a y10e4 wa3 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x33b y10e5 w326 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficio/ (p\u00e9rdida) atribuible a la soci<span class=\"_ _2\"></span>edad<span class=\"_ _65\"> </span></div></td><td class=\"c x32f y10e6 w2a h8b\"><div class=\"t_1 m0_1 x22 h58 y6a4 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">17.395<span class=\"ls0_1\"> </span></div></td><td class=\"c x339 y10e6 wa1 h8b\"><div class=\"t_1 m0_1 x2f h58 y6a4 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.229<span class=\"ls0_1\"> </span></div></td><td class=\"c x336 y10e6 w8c h8b\"><div class=\"t_1 m0_1 x41 h58 y6a4 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x337 y10e6 wa2 h8b\"><div class=\"t_1 m0_1 x2a h58 y6a4 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.792) </div></td><td class=\"c x33a y10e6 wa3 h8b\"><div class=\"t_1 m0_1 x86 h58 y6a4 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">43.831<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca yfd5 w327 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dominante<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr></table>(a)<span class=\"ff4\"> <span class=\"_ _21\"> </span></span>Incluye actividad forestal, y sociedades<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>inactivas (*)  <span class=\"_ _17\"> </span>Magnitud no <span class=\"_ _2\"></span>desglosada en el <span class=\"_ _2\"></span>Estado de Resultado Cons<span class=\"_ _2\"></span>olidado y no d<span class=\"_ _2\"></span>efinida en las <span class=\"_ _2\"></span>NIIF. V\u00e9ase definici\u00f3n <span class=\"_ _2\"></span>de dicha magnitud <span class=\"_ _d\"></span>as\u00ed como <span class=\"_ _2\"></span>reconciliaci\u00f3n <span class=\"_ _d\"></span>con el <span class=\"_ _d\"></span>estado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>resultado consolidado <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>A<span class=\"_ _3\"></span>nexo <span class=\"_ _2\"></span>\u201cInforme <span class=\"_ _d\"></span>de Resultad<span class=\"_ _2\"></span>os <span class=\"_ _2\"></span>202<span class=\"ff3\">4<span class=\"ls34\">\" </span></span>al Informe de Gesti\u00f3n Consolidado del ejercicio 2024.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "i\u00f3n <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>egmentos <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>refiere <span class=\"_ _13\"> </span>esta <span class=\"_ _10\"> </span>N<span class=\"_ _3\"></span>ota <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>presenta <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>acuerdo<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>los<span class=\"_ _3\"></span> requisitos de d<span class=\"_ _3\"></span>esglose establecidos p<span class=\"_ _3\"></span>or la NIIF 8 <span class=\"_ _3\"></span><span class=\"ff6\">\u2013</span> Segmentos de op<span class=\"_ _3\"></span>eraci\u00f3n. Grupo <span class=\"_ _19\"> </span>Ence <span class=\"_ _15\"> </span>ha <span class=\"_ _19\"> </span>definido <span class=\"_ _19\"> </span>los<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>siguientes <span class=\"_ _19\"> </span>s<span class=\"_ _3\"></span>egmentos <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>reporte,<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>basados<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>las <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>iferente <span class=\"_ _16\"> </span>activid<span class=\"_ _3\"></span>ades desarrolladas <span class=\"_ _10\"> </span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>importa<span class=\"_ _3\"></span>ncia <span class=\"_ _0\"></span>relativa <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>informaci\u00f3n <span class=\"_ _10\"></span>financiera completa <span class=\"_ _10\"></span>e <span class=\"_ _0\"></span>independiente <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>revisada <span class=\"_ _10\"></span>peri\u00f3dicamente<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>alta <span class=\"_ _10\"></span>Direcci\u00f3n, <span class=\"_ _10\"></span>junto <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>la <span class=\"_ _0\"></span>informaci\u00f3<span class=\"_ _3\"></span>n operativa, <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>proceso <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>toma <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>decision<span class=\"_ _3\"></span>es <span class=\"_ _13\"> </span>sobre <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>as<span class=\"_ _3\"></span>ignaci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>recursos <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>evaluaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>su rendimiento, y que s<span class=\"_ _3\"></span>e agrupan entorno<span class=\"_ _3\"></span> a dos l\u00edneas de negocio <span class=\"_ _f\"></span>de acuerdo con el siguien<span class=\"_ _3\"></span>te detalle: ENCE Celulosa <span class=\"_ _3\"></span>- Esta l\u00ednea de n<span class=\"_ _3\"></span>egocio agrupa los s<span class=\"_ _3\"></span>iguientes segmentos de reporte:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Celulosa. <span class=\"_ _13\"> </span>Segmento <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _13\"> </span>incluye <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ividad <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>fabricaci\u00f3n <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>venta<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>celulosa  producida <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>las </span></span>biof\u00e1bricas de Pon<span class=\"_ _3\"></span>tevedra y Navia (Principado d<span class=\"_ _3\"></span>e Asturias) junto con la cogeneraci\u00f3n y generaci\u00f3n<span class=\"_ _3\"></span> de electricidad integrada <span class=\"_ _3\"></span>en el proceso de p<span class=\"_ _3\"></span>roducci\u00f3n de celulo<span class=\"_ _3\"></span>sa, utili<span class=\"_ _3\"></span>zand<span class=\"_ _3\"></span>o como insumo la parte de la madera que no pu<span class=\"_ _3\"></span>ede transformarse en celulosa, p<span class=\"_ _3\"></span>rincipalmente lignina <span class=\"_ _3\"></span>y biomasa. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Patrimonio Fores<span class=\"_ _3\"></span>tal y <span class=\"_ _3\"></span>otros. <span class=\"_ _3\"></span>Segmento <span class=\"_ _3\"></span>que incorp<span class=\"_ _3\"></span>ora princi<span class=\"_ _3\"></span>palmente los <span class=\"_ _3\"></span>cultivos <span class=\"_ _3\"></span>de mas<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>forestales </span></span>que <span class=\"_ _16\"> </span>p<span class=\"_ _3\"></span>osteriormente <span class=\"_ _16\"> </span>se <span class=\"_ _19\"> </span>utiliz<span class=\"_ _3\"></span>an <span class=\"_ _19\"> </span>como <span class=\"_ _16\"> </span>materia <span class=\"_ _19\"> </span>pri<span class=\"_ _3\"></span>ma <span class=\"_ _16\"> </span>en<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>la <span class=\"_ _19\"> </span>producci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span>celulosa <span class=\"_ _19\"> </span>(patrimonio disponible <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>no<span class=\"_ _3\"></span>rte <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>spa\u00f1a), <span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>bien <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>venden <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>terc<span class=\"_ _3\"></span>eros <span class=\"_ _f\"></span>(p<span class=\"_ _f\"></span>atrimonio <span class=\"_ _f\"></span>disp<span class=\"_ _3\"></span>onible <span class=\"_ _f\"></span>en<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>su<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>de Espa\u00f1a) as\u00ed como o<span class=\"_ _3\"></span>tras actividades foresta<span class=\"_ _3\"></span>les residuales.<span class=\"_ _3\"></span> ENCE Renovab<span class=\"_ _3\"></span>les - Esta l\u00ednea de n<span class=\"_ _3\"></span>egocio agrupa los s<span class=\"_ _3\"></span>iguientes segmentos de reporte:<span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Generaci\u00f3n d<span class=\"_ _3\"></span>e energ\u00eda <span class=\"_ _3\"></span>renovable con<span class=\"_ _3\"></span> biomas<span class=\"_ _3\"></span>a (<span class=\"_ _3\"></span>Biomasa). <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>a las <span class=\"_ _3\"></span>plantas <span class=\"_ _3\"></span>de generaci\u00f3n <span class=\"_ _3\"></span>y venta </span></span>de <span class=\"_ _f\"></span>ener<span class=\"_ _3\"></span>g\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica <span class=\"_ _0\"></span>renovabl<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>tir <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>biomasa <span class=\"_ _0\"></span>agr\u00edcol<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>forestal, <span class=\"_ _0\"></span>desarrolladas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _10\"></span>operadas <span class=\"_ _0\"></span>de<span class=\"_ _2\"></span> forma independiente. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>gas <span class=\"_ _f\"></span>renovable <span class=\"_ _3\"></span>(<span class=\"ls2c\">Bio<span class=\"_ _3\"></span></span>metano). <span class=\"_ _f\"></span>Actividad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>gas <span class=\"_ _f\"></span>renovable <span class=\"_ _f\"></span>(Biometano) <span class=\"_ _f\"></span>a </span></span>partir de sub<span class=\"_ _3\"></span>productos <span class=\"_ _3\"></span>agr\u00edcolas y ganad<span class=\"_ _3\"></span>eros para su inyecci\u00f3n a la r<span class=\"_ _3\"></span>ed de gas natural. <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Producci\u00f3n de calor industrial re<span class=\"_ _2\"></span>novable (Calor indu<span class=\"_ _3\"></span>strial)<span class=\"ls13\">. </span>Actividad de suministro de ener<span class=\"_ _2\"></span>g\u00eda t\u00e9rmica </span></span>renovable con biomas<span class=\"_ _3\"></span>a para descarboniza<span class=\"_ _3\"></span>r procesos industriales.<span class=\"_ _3\"></span>  Las actividades de Biometano y Calor <span class=\"_ _2\"></span>industrial renovable est\u00e1n actualmente en su <span class=\"_ _2\"></span>fase inicial de <span class=\"_ _2\"></span>desarrollo siendo <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>magnitudes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>escasa <span class=\"_ _3\"></span>significatividad<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>NIIF<span class=\"_ _f\"></span>-8, por <span class=\"_ _3\"></span>lo q<span class=\"_ _3\"></span>ue a <span class=\"_ _3\"></span>efectos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>reporte <span class=\"_ _3\"></span>se informan conjunta<span class=\"_ _3\"></span>mente con el segmento d<span class=\"_ _3\"></span>e biomasa.<span class=\"_ _3\"></span> Al o<span class=\"_ _3\"></span>bjeto <span class=\"_ _3\"></span>de a<span class=\"_ _3\"></span>mpliar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>infor<span class=\"_ _3\"></span>maci\u00f3n <span class=\"_ _3\"></span>contenida <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>ap<span class=\"_ _3\"></span>artado, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>adjunta<span class=\"_ _3\"></span> como <span class=\"_ _3\"></span>Anex<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>II <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>estas <span class=\"_ _3\"></span>cuentas anuales <span class=\"_ _f\"></span>consolidadas <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Financiera <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>solidado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como el E<span class=\"_ _3\"></span>stado <span class=\"_ _3\"></span>de Resultado<span class=\"_ _3\"></span> conso<span class=\"_ _3\"></span>lidado y <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de Flujos <span class=\"_ _3\"></span>de Efectivo <span class=\"_ _3\"></span>consolidad<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>los ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _f\"></span>5 y 2024 <span class=\"ff6\">de los negocios<span class=\"_ _3\"></span> \u201cCelulosa\u201d y<span class=\"_ _3\"></span> \u201cRenovables\u201d.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "9.<span class=\"ff5 ls0_1\"> <span class=\"_ _e\"> </span><span class=\"ff2\">Ingresos ordinarios  </span></span>Los <span class=\"_ _2\"></span>ingresos <span class=\"_ _2\"></span>ordinarios <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>correspon<span class=\"_ _3\"></span>den <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ingres<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>contrato<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>clientes. <span class=\"_ _2\"></span>La <span class=\"_ _2\"></span>distribuci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>in<span class=\"_ _3\"></span>gresos ordinarios corres<span class=\"_ _3\"></span>pondiente a las actividad<span class=\"_ _3\"></span>es del Grupo en los ejercicios 202<span class=\"_ _3\"></span>5 y 20<span class=\"_ _3\"></span>24 es co<span class=\"_ _3\"></span>mo sigue:<span class=\"_ _65\"> </span>31/<span class=\"lsd\">12</span>/2025 31/<span class=\"lsd\">12</span>/2024 Miles de euros Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado Magnitudes operativas-<span class=\"_ _65\"> </span>Ventas Celulosa (Toneladas)<span class=\"_ _65\"> </span>966.558 - 966.558 967.628 - 967.628 Ventas de energ\u00eda (MWh) 227.787 1.241<span class=\"lsc\">.0</span>50<span class=\"ls0_1\"> </span>1.468.837 247.060 1.167.089 1.414.149 Ingresos-<span class=\"_ _65\"> </span>Celulosa  <span class=\"ls0_1\">486.297    </span>                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">486.297    </span>626.224 - 626.224 Energ\u00eda el\u00e9ctrica   <span class=\"ls0_1\">36.678    </span>  <span class=\"ls0_1\">195.960    </span>  <span class=\"ls0_1\">232.638    </span>37.852 189.200 227.052 Madera y servicios forestales   <span class=\"ls0_1\">18.253    </span>  <span class=\"ls0_1\">5.279    </span>  <span class=\"ls0_1\">23.532    </span>15.283 3.012 18.295 Calor industrial -   <span class=\"ls0_1\">2.317    </span>  <span class=\"ls0_1\">2.317    </span>- 2.350 2.350 Biometano - 2.468 2.468 - - - Venta de proyectos fotovoltaicos<span class=\"_ _65\"> </span>-   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>- 2.250 2.250<span class=\"_ _65\"> </span>(Nota 20)<span class=\"_ _65\"> </span>Otros ingresos no ordinarios de las<span class=\"_ _65\"> </span>- - - (1.269) (4.464) (5.733) operaciones (**)<span class=\"_ _65\"> </span>Facturaci\u00f3n intra-negocios   <span class=\"ls0_1\">2.379    </span>             <span class=\"ls0_1\">(20)    </span>- 3.801 (116) - 543.607<span class=\"ls0_1\"> </span>206.004<span class=\"ls0_1\"> </span>747.252<span class=\"ls0_1\"> </span>681.891<span class=\"ls0_1\"> </span>192.232<span class=\"ls0_1\"> </span>870.438<span class=\"ls0_1\"> </span>(*) <span class=\"_ _12\"> </span>L<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span><span class=\"ff6\">diferencia entre <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>informac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>del \u201c<span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>Consolidado\u201d <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 y <span class=\"_ _f\"></span>la agregaci\u00f3n <span class=\"_ _3\"></span>de los negocios \u201cCelulosa\u201d y <span class=\"_ _3\"></span>\u201cEnerg\u00eda <span class=\"_ _3\"></span>Renovable\u201d se corresponde con <span class=\"_ _3\"></span>eliminaciones de operaciones <span class=\"_ _3\"></span>efectuadas entre dichos negocios en los ejercicios 2025 <span class=\"ls35\">y 202</span>4 por importe de 2.359 <span class=\"ff6\">miles \u20ac</span> <span class=\"ls35\">y </span>3.685 <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _1b\"> </span>Reco<span class=\"_ _3\"></span>ge <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>efectos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>modificar <span class=\"_ _f\"></span>el m\u00e9todo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>c\u00e1lculo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Vajdm <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ejercicio <span class=\"_ _f\"></span>2023 <span class=\"_ _3\"></span>debido <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>ror <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Orden TED/741/2023 publicada en el ejercicio 2023, que es<span class=\"_ _2\"></span> solventado a trav\u00e9s de la Orden TED/353/2024.<span class=\"_ _3\"></span> El <span class=\"_ _13\"> </span>4 <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>junio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>202<span class=\"_ _3\"></span>4 <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>public\u00f3  la <span class=\"_ _10\"> </span>Orden  TED/526/2024, <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>31 <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mayo, <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece <span class=\"_ _13\"> </span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actu<span class=\"_ _3\"></span>alizaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>instalaciones <span class=\"_ _10\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>generac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _0\"></span>de energ\u00eda <span class=\"_ _15\"> </span>el\u00e9ctr<span class=\"_ _3\"></span>ica <span class=\"_ _15\"> </span>cuyos<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>costes <span class=\"_ _17\"> </span>de <span class=\"_ _15\"> </span>explot<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _15\"> </span>depend<span class=\"_ _3\"></span>an <span class=\"_ _17\"> </span>esencialmente <span class=\"_ _15\"> </span>del <span class=\"_ _17\"> </span>precio <span class=\"_ _17\"> </span>del <span class=\"_ _15\"> </span>c<span class=\"_ _f\"></span>ombustible. Adicionalmente,  durante  el  1\u00ba  semestre  del  ejercicio  20<span class=\"_ _3\"></span>24  se  establec<span class=\"ls22\">i\u00f3<span class=\"_ _3\"></span></span>  un  ajuste  transitorio  con  un componente de precio <span class=\"_ _3\"></span>de mercado y otro<span class=\"_ _3\"></span> de precio de combustible.<span class=\"_ _3\"></span> Esta <span class=\"_ _3\"></span>Ord<span class=\"_ _3\"></span>en s<span class=\"_ _3\"></span>ustituye <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>la Orden <span class=\"_ _3\"></span>IE<span class=\"_ _3\"></span>T/1345/2015, <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2 d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>julio, <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>desarrolla <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>art\u00edculo <span class=\"_ _f\"></span>20.<span class=\"_ _2\"></span>3 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Real <span class=\"_ _3\"></span>Decreto 413/2014, <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>6 <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>julio, <span class=\"_ _13\"> </span>estableciendo <span class=\"_ _13\"> </span>una <span class=\"_ _13\"> </span>nueva <span class=\"_ _13\"> </span>metodolog\u00eda <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>actualizaci\u00f3<span class=\"_ _3\"></span>n <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>la  Retribuci\u00f3n <span class=\"_ _10\"> </span>a  l<span class=\"_ _2\"></span>a Operaci\u00f3n <span class=\"_ _f\"></span>(Ro) <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _f\"></span>el\u00e9ctri<span class=\"_ _3\"></span>ca <span class=\"_ _f\"></span>cuyos <span class=\"_ _f\"></span>costes <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>explotaci\u00f3n dependan <span class=\"_ _0\"></span>esencialmente <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>precio <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>combustible <span class=\"_ _f\"></span>(prin<span class=\"_ _3\"></span>cipalmente <span class=\"_ _f\"></span>instalacion<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>tipo <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>grupos <span class=\"_ _f\"></span>a.1, b.6 <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>b.8), <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>destaca; <span class=\"_ _10\"></span>1) <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>valores <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Ro <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>actualizar\u00e1n <span class=\"_ _10\"> </span>trimestralmente, <span class=\"_ _10\"> </span>coin<span class=\"_ _f\"></span>cidiendo <span class=\"_ _10\"></span>con trimestres <span class=\"_ _f\"></span>naturales, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>actualizando <span class=\"_ _f\"></span>valores <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>ingresos <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>coste<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>(con <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>regulaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>pre<span class=\"_ _2\"></span>via <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ariable <span class=\"_ _f\"></span>de pool <span class=\"_ _f\"></span>regulatorio <span class=\"_ _f\"></span>cons<span class=\"_ _3\"></span>iderada <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>c\u00e1lculo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>Ro <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>estimaba <span class=\"_ _10\"></span>cada <span class=\"_ _f\"></span>3 <span class=\"_ _f\"></span>a\u00f1os <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>variables <span class=\"_ _f\"></span>relativas <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>los costes <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>6 <span class=\"_ _f\"></span>meses<span class=\"_ _3\"></span><span class=\"ls18\">) <span class=\"_ _0\"></span></span>y <span class=\"_ _0\"></span>2) <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _0\"></span>incluidas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _f\"></span>Ord<span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>quedan <span class=\"_ _0\"></span>excluidas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>licaci\u00f3n <span class=\"_ _0\"></span>del ajuste por<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>desviaciones en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>precio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>mercado <span class=\"_ _2\"></span>(Vajdm), regulado <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>art\u00edculo <span class=\"_ _2\"></span>22 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _2\"></span>RD <span class=\"_ _d\"></span>413/2014, a <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>artir del 1 de enero de 2024 <span class=\"_ _3\"></span>(v\u00e9anse No<span class=\"_ _3\"></span>tas 3.15, 29 y Anexo III).<span class=\"_ _3\"></span> Por <span class=\"_ _3\"></span>otra <span class=\"_ _f\"></span>parte, E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>formaliz\u00f3 <span class=\"_ _f\"></span>contratos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>venta <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>el\u00e9ctrica <span class=\"_ _3\"></span>mediante <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>modalidad <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trato bilateral f\u00edsico <span class=\"_ _2\"></span>por un total <span class=\"_ _2\"></span>de 140.160 MWh <span class=\"_ _2\"></span>y entrega en <span class=\"_ _2\"></span>2025. El precio <span class=\"_ _2\"></span>contratado se situ\u00f3<span class=\"_ _3\"></span> en <span class=\"_ _2\"></span>el rango <span class=\"_ _2\"></span><span class=\"ls10\">52<span class=\"ls0_1\">-<span class=\"_ _65\"> </span></span></span>74<span class=\"ls0_1\"> <span class=\"_ _10\"></span></span><span class=\"ff6\">\u20ac/M</span><span class=\"ls0_1\">Wh. <span class=\"_ _10\"></span>Al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>mantiene <span class=\"_ _10\"> </span>ning\u00fan <span class=\"_ _10\"> </span>contrato <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>estas <span class=\"_ _10\"></span>caracter\u00edsticas </span>vigente. Durante <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"ls10\">5 <span class=\"_ _3\"></span></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>sociedad<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>efectuado<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ventas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>moneda <span class=\"_ _3\"></span>distinta<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del euro, <span class=\"_ _23\"> </span>principalmente <span class=\"_ _1b\"> </span>d\u00f3lar <span class=\"_ _23\"> </span>estadounidense, <span class=\"_ _23\"> </span>por <span class=\"_ _1b\"> </span>importe <span class=\"_ _23\"> </span>de <span class=\"_ _23\"> </span><span class=\"ls10\">149</span> <span class=\"_ _23\"> </span><span class=\"ff6\">mill<span class=\"_ _2\"></span>ones <span class=\"_ _23\"> </span>\u20ac <span class=\"_ _1b\"> </span>y <span class=\"_ _23\"> </span>1<span class=\"ff3 ls10\">92<span class=\"ls0_1\"> <span class=\"_ _1b\"> </span></span></span>millones <span class=\"_ _23\"> </span>\u20ac, </span>respectivamente.<span class=\"_ _65\"> </span>9.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Otros ingresos de explotac<span class=\"_ _2\"></span>i\u00f3n </span>Este <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>Resultado <span class=\"_ _0\"></span>consolida<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>recoge, <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rincipalmente, <span class=\"_ _f\"></span>ingr<span class=\"_ _3\"></span>esos <span class=\"_ _f\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>subv<span class=\"_ _3\"></span>enciones <span class=\"_ _f\"></span>de explotaci\u00f3n, <span class=\"_ _3\"></span>ingresos p<span class=\"_ _3\"></span>or arrendamientos<span class=\"_ _3\"></span> e ind<span class=\"_ _3\"></span>emnizaciones <span class=\"_ _3\"></span>percibidas <span class=\"_ _3\"></span>de compa\u00f1\u00edas<span class=\"_ _3\"></span> de seguros<span class=\"_ _f\"></span>, <span class=\"_ _3\"></span>seg\u00fan el siguiente detalle: <table class=\"s w331 h18e\" id=\"_68705717-ca2e-4380-af81-2af332328a58\"><tr><td></td><td></td><td class=\"c x34a y10ff wb1 h8d\"><div class=\"t_1 m0_1 x23 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x34b y10ff wa8 h8d\"><div class=\"t_1 m0_1 x16 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x34c y1100 wb0 h93\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x34d y1101 w329 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x34e y1101 w329 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x34f y1102 wb4 h94\"><div class=\"t_1 m0_1 x2b h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div></td><td class=\"c x350 y1101 w325 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x351 y1101 w325 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x352 y1102 wae h94\"><div class=\"t_1 m0_1 x1_1 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div></td></tr><tr><td></td><td class=\"c x34d y1103 w32a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x353 y1103 w2df h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x34f y1100 wb4 h8d\"><div class=\"t_1 m0_1 x3d h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></td><td class=\"c x350 y1103 w2de h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x354 y1103 w2df h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x352 y1100 wae h8d\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></td></tr><tr><td class=\"c x34c y1104 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subvenciones de explotaci\u00f3n (**) </div></td><td class=\"c x34a y1104 wb2 h5a\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 51.571 </div></td><td class=\"c x355 y1104 wb3 h5a\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1104 wb4 h5a\"><div class=\"t_1 m0_1 x13 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 51.571  </div></td><td class=\"c x34b y1104 wb5 h5a\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">184<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1104 w18 h5a\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1104 wae h5a\"><div class=\"t_1 m0_1 x2e h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">215<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x34c y1105 wb0 h81\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones da\u00f1os y siniestros </div></td><td class=\"c x34a y1105 wb2 h81\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.659  </div></td><td class=\"c x355 y1105 wb3 h81\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1105 wb4 h81\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.659  </div></td><td class=\"c x34b y1105 wb5 h81\"><div class=\"t_1 m0_1 x11 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x356 y1105 w18 h81\"><div class=\"t_1 m0_1 x35 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x352 y1105 wae h81\"><div class=\"t_1 m0_1 x41 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x34c y1106 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos por arrendamientos </div></td><td class=\"c x34a y1106 wb2 h5a\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.064  </div></td><td class=\"c x355 y1106 wb3 h5a\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">84 </span> </div></td><td class=\"c x34f y1106 wb4 h5a\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.148  </div></td><td class=\"c x34b y1106 wb5 h5a\"><div class=\"t_1 m0_1 x2b h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">1912<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1106 w18 h5a\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">84<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1106 wae h5a\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.<span class=\"lsd\">996</span> </div></td></tr><tr><td class=\"c x34c y1107 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos no ordinarios de las operaciones </div></td><td class=\"c x34a y1107 wb2 h5a\"><div class=\"t_1 m0_1 x1a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x355 y1107 wb3 h5a\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1107 wb4 h5a\"><div class=\"t_1 m0_1 x41 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34b y1107 wb5 h5a\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.823    </span></div></td><td class=\"c x356 y1107 w18 h5a\"><div class=\"t_1 m0_1 x1d h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x352 y1107 wae h5a\"><div class=\"t_1 m0_1 x13 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.823    </span></div></td></tr><tr><td class=\"c x34c y1108 wb0 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x34a y1108 wb2 h37\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.440  </div></td><td class=\"c x355 y1108 wb3 h37\"><div class=\"t_1 m0_1 x3a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.442  </div></td><td class=\"c x34f y1108 wb4 h37\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.512  </div></td><td class=\"c x34b y1108 wb5 h37\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.025    </span></div></td><td class=\"c x356 y1108 w18 h37\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.048    </span></div></td><td class=\"c x352 y1108 wae h37\"><div class=\"t_1 m0_1 xcb h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">795   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td class=\"c x34a y1109 wb2 h8d\"><div class=\"t_1 m0_1 x13 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">64.734<span class=\"ls0_1\"> </span></div></td><td class=\"c x355 y1109 wb3 h8d\"><div class=\"t_1 m0_1 x13 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.526<span class=\"ls0_1\"> </span></div></td><td class=\"c x34f y1109 wb4 h8d\"><div class=\"t_1 m0_1 xc7 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.890<span class=\"ls0_1\"> </span></div></td><td class=\"c x34b y1109 wb5 h8d\"><div class=\"t_1 m0_1 x86 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.944<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1109 w18 h8d\"><div class=\"t_1 m0_1 x30 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.163<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1109 wae h8d\"><div class=\"t_1 m0_1 x18 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.829<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _11\"> </span><span class=\"ff6\">L<span class=\"_ _3\"></span>a diferencia entre la info<span class=\"_ _3\"></span>rmaci\u00f3n del \u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d al 31 <span class=\"_ _3\"></span>de diciembre de 2025 <span class=\"_ _3\"></span>y 2024 y <span class=\"_ _3\"></span>la agregaci\u00f3n de<span class=\"_ _3\"></span> </span>los <span class=\"_ _d\"></span>negocios <span class=\"_ _2\"></span>\u201cCelulosa\u201d <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>\u201cEnerg\u00eda <span class=\"_ _d\"></span>Renovable\u201d <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>corresponde <span class=\"_ _d\"></span>c<span class=\"_ _3\"></span>on <span class=\"_ _2\"></span>eliminaciones <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span>peraciones <span class=\"_ _d\"></span>efec<span class=\"_ _3\"></span>tuadas <span class=\"_ _d\"></span>entre <span class=\"_ _2\"></span>dichos negocios en los ejercicios <span class=\"lsd\">2025 y 2024 por importe de </span>1.370 <span class=\"ff6\">miles \u20ac</span> <span class=\"ls35\">y </span>1.278 <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) Incluye<span class=\"_ _2\"></span>, principalmente, por importe<span class=\"_ _2\"></span> de <span class=\"_ _2\"></span>41.710 miles de <span class=\"_ _2\"></span>euros la venta <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>certificados de ah<span class=\"_ _2\"></span>orro energ\u00e9tico (CAE)<span class=\"ls36\">. </span>En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>recoge <span class=\"_ _3\"></span>el exc<span class=\"_ _3\"></span>eso del <span class=\"_ _3\"></span>importe recibido <span class=\"_ _3\"></span>sobre el<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>ste de <span class=\"_ _3\"></span>las inversiones realizadas<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>este sentido, el Grupo <span class=\"_ _2\"></span>ha perfe<span class=\"_ _2\"></span>ccionado en el <span class=\"_ _2\"></span>ejercicio 2025 dos <span class=\"_ _2\"></span>operaciones <span class=\"_ _2\"></span>de venta <span class=\"_ _2\"></span>con una <span class=\"_ _2\"></span>acreditaci\u00f3n d<span class=\"_ _2\"></span>e 191 millone<span class=\"_ _2\"></span>s de <span class=\"_ _2\"></span>CAEs y 61 <span class=\"_ _d\"></span>millones de <span class=\"_ _2\"></span>CAEs siendo <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _2\"></span>precio de <span class=\"_ _d\"></span>ces<span class=\"_ _3\"></span>i\u00f3n conjunto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>42.431 miles <span class=\"_ _2\"></span>de e<span class=\"_ _2\"></span>uros. Los <span class=\"_ _2\"></span>costes <span class=\"_ _2\"></span>de obten<span class=\"_ _2\"></span>ci\u00f3n ascienden a <span class=\"_ _10\"> </span>2.172 <span class=\"_ _0\"></span>miles <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>eu<span class=\"_ _3\"></span>ros <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span><span class=\"ls37\">se</span> <span class=\"_ _10\"> </span>han <span class=\"_ _10\"></span>registr<span class=\"_ _2\"></span>a<span class=\"ls2f\">do<span class=\"_ _3\"></span></span> <span class=\"_ _10\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span><span class=\"ff6\">ep\u00edgrafe <span class=\"_ _0\"></span>\u201cOtros <span class=\"_ _10\"> </span>gastos <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>explotaci\u00f3<span class=\"_ _3\"></span>n\u201d <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>R<span class=\"_ _3\"></span>esultado </span>consolidado.<span class=\"_ _65\"> </span>9.2<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Distribuci\u00f3n geogr\u00e1fi<span class=\"_ _2\"></span>ca de los ingreso<span class=\"_ _2\"></span>s </span>La <span class=\"_ _f\"></span>totalidad <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>ventas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _f\"></span>el\u00e9ctrica <span class=\"_ _f\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>han <span class=\"_ _f\"></span>efectu<span class=\"_ _3\"></span>ado <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>Espa\u00f1<span class=\"_ _3\"></span>a. <span class=\"_ _f\"></span>La <span class=\"_ _f\"></span>distribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>mercados geogr\u00e1ficos de los in<span class=\"_ _3\"></span>gresos ordinarios corres<span class=\"_ _3\"></span>pondientes a las v<span class=\"_ _3\"></span>entas de celulosa es como sigue<span class=\"_ _f\"></span>: <table class=\"s w332 h18f\" id=\"_e80acb5a-513b-4e93-aa87-459b04596f73\"><tr><td class=\"c x358 y110a wb8 h96\"><div class=\"t_1 m0_1 x10 h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Porcentaje/Ventas celulosa </div></td><td class=\"c x359 y110a wb9 h96\"><div class=\"t_1 m0_1 x2b h58 y56 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x35a y110a wba h96\"><div class=\"t_1 m0_1 x2b h58 y56 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x358 y110b wb8 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Alemania </div></td><td class=\"c x359 y110b wb9 h97\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22,1 </div></td><td class=\"c x35a y110b wba h97\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23,6 </div></td></tr><tr><td class=\"c x358 y110c wb8 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Polonia </div></td><td class=\"c x359 y110c wb9 h97\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16,7 </div></td><td class=\"c x35a y110c wba h97\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14,4 </div></td></tr><tr><td class=\"c x358 y110d wb8 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Espa\u00f1a </div></td><td class=\"c x359 y110d wb9 h97\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11,6 </div></td><td class=\"c x35a y110d wba h97\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13,3 </div></td></tr><tr><td class=\"c x358 y110e wb8 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Italia </div></td><td class=\"c x359 y110e wb9 h97\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,8 </div></td><td class=\"c x35a y110e wba h97\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,2 </div></td></tr><tr><td class=\"c x358 y110f wb8 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grecia </div></td><td class=\"c x359 y110f wb9 h97\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,7 </div></td><td class=\"c x35a y110f wba h97\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,4 </div></td></tr><tr><td class=\"c x358 y1110 wb8 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Francia </div></td><td class=\"c x359 y1110 wb9 h97\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,7 </div></td><td class=\"c x35a y1110 wba h97\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,5 </div></td></tr><tr><td class=\"c x358 y1111 wb8 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Turqu\u00eda </div></td><td class=\"c x359 y1111 wb9 h97\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,5 </div></td><td class=\"c x35a y1111 wba h97\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3,4 </div></td></tr><tr><td class=\"c x358 y1112 wb8 h98\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reino Unido </div></td><td class=\"c x359 y1112 wb9 h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3,0 </div></td><td class=\"c x35a y1112 wba h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,7 </div></td></tr><tr><td class=\"c x358 y1113 wb8 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x359 y1113 wb9 h97\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">26,9 </div></td><td class=\"c x35a y1113 wba h97\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23,5 </div></td></tr><tr><td></td><td class=\"c x359 y1114 wb9 h97\"><div class=\"t_1 m0_1 x2b h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">100,0 </div></td><td class=\"c x35a y1114 wba h97\"><div class=\"t_1 m0_1 x2b h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">100,0 </div></td></tr></table>(*) <span class=\"_ _b\"> </span>Distribuci\u00f3n realizada considerando el lugar de entrega",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "9.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Otros ingresos de explotac<span class=\"_ _2\"></span>i\u00f3n </span>Este <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>Resultado <span class=\"_ _0\"></span>consolida<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>recoge, <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rincipalmente, <span class=\"_ _f\"></span>ingr<span class=\"_ _3\"></span>esos <span class=\"_ _f\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>subv<span class=\"_ _3\"></span>enciones <span class=\"_ _f\"></span>de explotaci\u00f3n, <span class=\"_ _3\"></span>ingresos p<span class=\"_ _3\"></span>or arrendamientos<span class=\"_ _3\"></span> e ind<span class=\"_ _3\"></span>emnizaciones <span class=\"_ _3\"></span>percibidas <span class=\"_ _3\"></span>de compa\u00f1\u00edas<span class=\"_ _3\"></span> de seguros<span class=\"_ _f\"></span>, <span class=\"_ _3\"></span>seg\u00fan el siguiente detalle: <table class=\"s w331 h18e\" id=\"_68705717-ca2e-4380-af81-2af332328a58\"><tr><td></td><td></td><td class=\"c x34a y10ff wb1 h8d\"><div class=\"t_1 m0_1 x23 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x34b y10ff wa8 h8d\"><div class=\"t_1 m0_1 x16 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x34c y1100 wb0 h93\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x34d y1101 w329 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x34e y1101 w329 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x34f y1102 wb4 h94\"><div class=\"t_1 m0_1 x2b h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div></td><td class=\"c x350 y1101 w325 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x351 y1101 w325 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x352 y1102 wae h94\"><div class=\"t_1 m0_1 x1_1 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div></td></tr><tr><td></td><td class=\"c x34d y1103 w32a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x353 y1103 w2df h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x34f y1100 wb4 h8d\"><div class=\"t_1 m0_1 x3d h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></td><td class=\"c x350 y1103 w2de h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x354 y1103 w2df h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x352 y1100 wae h8d\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></td></tr><tr><td class=\"c x34c y1104 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subvenciones de explotaci\u00f3n (**) </div></td><td class=\"c x34a y1104 wb2 h5a\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 51.571 </div></td><td class=\"c x355 y1104 wb3 h5a\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1104 wb4 h5a\"><div class=\"t_1 m0_1 x13 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 51.571  </div></td><td class=\"c x34b y1104 wb5 h5a\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">184<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1104 w18 h5a\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1104 wae h5a\"><div class=\"t_1 m0_1 x2e h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">215<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x34c y1105 wb0 h81\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones da\u00f1os y siniestros </div></td><td class=\"c x34a y1105 wb2 h81\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.659  </div></td><td class=\"c x355 y1105 wb3 h81\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1105 wb4 h81\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.659  </div></td><td class=\"c x34b y1105 wb5 h81\"><div class=\"t_1 m0_1 x11 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x356 y1105 w18 h81\"><div class=\"t_1 m0_1 x35 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x352 y1105 wae h81\"><div class=\"t_1 m0_1 x41 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x34c y1106 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos por arrendamientos </div></td><td class=\"c x34a y1106 wb2 h5a\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.064  </div></td><td class=\"c x355 y1106 wb3 h5a\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">84 </span> </div></td><td class=\"c x34f y1106 wb4 h5a\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.148  </div></td><td class=\"c x34b y1106 wb5 h5a\"><div class=\"t_1 m0_1 x2b h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">1912<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1106 w18 h5a\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">84<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1106 wae h5a\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.<span class=\"lsd\">996</span> </div></td></tr><tr><td class=\"c x34c y1107 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos no ordinarios de las operaciones </div></td><td class=\"c x34a y1107 wb2 h5a\"><div class=\"t_1 m0_1 x1a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x355 y1107 wb3 h5a\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1107 wb4 h5a\"><div class=\"t_1 m0_1 x41 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34b y1107 wb5 h5a\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.823    </span></div></td><td class=\"c x356 y1107 w18 h5a\"><div class=\"t_1 m0_1 x1d h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x352 y1107 wae h5a\"><div class=\"t_1 m0_1 x13 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.823    </span></div></td></tr><tr><td class=\"c x34c y1108 wb0 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x34a y1108 wb2 h37\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.440  </div></td><td class=\"c x355 y1108 wb3 h37\"><div class=\"t_1 m0_1 x3a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.442  </div></td><td class=\"c x34f y1108 wb4 h37\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.512  </div></td><td class=\"c x34b y1108 wb5 h37\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.025    </span></div></td><td class=\"c x356 y1108 w18 h37\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.048    </span></div></td><td class=\"c x352 y1108 wae h37\"><div class=\"t_1 m0_1 xcb h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">795   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td class=\"c x34a y1109 wb2 h8d\"><div class=\"t_1 m0_1 x13 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">64.734<span class=\"ls0_1\"> </span></div></td><td class=\"c x355 y1109 wb3 h8d\"><div class=\"t_1 m0_1 x13 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.526<span class=\"ls0_1\"> </span></div></td><td class=\"c x34f y1109 wb4 h8d\"><div class=\"t_1 m0_1 xc7 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.890<span class=\"ls0_1\"> </span></div></td><td class=\"c x34b y1109 wb5 h8d\"><div class=\"t_1 m0_1 x86 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.944<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1109 w18 h8d\"><div class=\"t_1 m0_1 x30 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.163<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1109 wae h8d\"><div class=\"t_1 m0_1 x18 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.829<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _11\"> </span><span class=\"ff6\">L<span class=\"_ _3\"></span>a diferencia entre la info<span class=\"_ _3\"></span>rmaci\u00f3n del \u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d al 31 <span class=\"_ _3\"></span>de diciembre de 2025 <span class=\"_ _3\"></span>y 2024 y <span class=\"_ _3\"></span>la agregaci\u00f3n de<span class=\"_ _3\"></span> </span>los <span class=\"_ _d\"></span>negocios <span class=\"_ _2\"></span>\u201cCelulosa\u201d <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>\u201cEnerg\u00eda <span class=\"_ _d\"></span>Renovable\u201d <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>corresponde <span class=\"_ _d\"></span>c<span class=\"_ _3\"></span>on <span class=\"_ _2\"></span>eliminaciones <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span>peraciones <span class=\"_ _d\"></span>efec<span class=\"_ _3\"></span>tuadas <span class=\"_ _d\"></span>entre <span class=\"_ _2\"></span>dichos negocios en los ejercicios <span class=\"lsd\">2025 y 2024 por importe de </span>1.370 <span class=\"ff6\">miles \u20ac</span> <span class=\"ls35\">y </span>1.278 <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) Incluye<span class=\"_ _2\"></span>, principalmente, por importe<span class=\"_ _2\"></span> de <span class=\"_ _2\"></span>41.710 miles de <span class=\"_ _2\"></span>euros la venta <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>certificados de ah<span class=\"_ _2\"></span>orro energ\u00e9tico (CAE)<span class=\"ls36\">. </span>En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>recoge <span class=\"_ _3\"></span>el exc<span class=\"_ _3\"></span>eso del <span class=\"_ _3\"></span>importe recibido <span class=\"_ _3\"></span>sobre el<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>ste de <span class=\"_ _3\"></span>las inversiones realizadas<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>este sentido, el Grupo <span class=\"_ _2\"></span>ha perfe<span class=\"_ _2\"></span>ccionado en el <span class=\"_ _2\"></span>ejercicio 2025 dos <span class=\"_ _2\"></span>operaciones <span class=\"_ _2\"></span>de venta <span class=\"_ _2\"></span>con una <span class=\"_ _2\"></span>acreditaci\u00f3n d<span class=\"_ _2\"></span>e 191 millone<span class=\"_ _2\"></span>s de <span class=\"_ _2\"></span>CAEs y 61 <span class=\"_ _d\"></span>millones de <span class=\"_ _2\"></span>CAEs siendo <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _2\"></span>precio de <span class=\"_ _d\"></span>ces<span class=\"_ _3\"></span>i\u00f3n conjunto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>42.431 miles <span class=\"_ _2\"></span>de e<span class=\"_ _2\"></span>uros. Los <span class=\"_ _2\"></span>costes <span class=\"_ _2\"></span>de obten<span class=\"_ _2\"></span>ci\u00f3n ascienden a <span class=\"_ _10\"> </span>2.172 <span class=\"_ _0\"></span>miles <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>eu<span class=\"_ _3\"></span>ros <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span><span class=\"ls37\">se</span> <span class=\"_ _10\"> </span>han <span class=\"_ _10\"></span>registr<span class=\"_ _2\"></span>a<span class=\"ls2f\">do<span class=\"_ _3\"></span></span> <span class=\"_ _10\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span><span class=\"ff6\">ep\u00edgrafe <span class=\"_ _0\"></span>\u201cOtros <span class=\"_ _10\"> </span>gastos <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>explotaci\u00f3<span class=\"_ _3\"></span>n\u201d <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>R<span class=\"_ _3\"></span>esultado </span>consolidado.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "9.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Otros ingresos de explotac<span class=\"_ _2\"></span>i\u00f3n </span>Este <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>Resultado <span class=\"_ _0\"></span>consolida<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>recoge, <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rincipalmente, <span class=\"_ _f\"></span>ingr<span class=\"_ _3\"></span>esos <span class=\"_ _f\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>subv<span class=\"_ _3\"></span>enciones <span class=\"_ _f\"></span>de explotaci\u00f3n, <span class=\"_ _3\"></span>ingresos p<span class=\"_ _3\"></span>or arrendamientos<span class=\"_ _3\"></span> e ind<span class=\"_ _3\"></span>emnizaciones <span class=\"_ _3\"></span>percibidas <span class=\"_ _3\"></span>de compa\u00f1\u00edas<span class=\"_ _3\"></span> de seguros<span class=\"_ _f\"></span>, <span class=\"_ _3\"></span>seg\u00fan el siguiente detalle: <table class=\"s w331 h18e\" id=\"_68705717-ca2e-4380-af81-2af332328a58\"><tr><td></td><td></td><td class=\"c x34a y10ff wb1 h8d\"><div class=\"t_1 m0_1 x23 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x34b y10ff wa8 h8d\"><div class=\"t_1 m0_1 x16 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x34c y1100 wb0 h93\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x34d y1101 w329 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x34e y1101 w329 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x34f y1102 wb4 h94\"><div class=\"t_1 m0_1 x2b h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div></td><td class=\"c x350 y1101 w325 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x351 y1101 w325 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x352 y1102 wae h94\"><div class=\"t_1 m0_1 x1_1 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div></td></tr><tr><td></td><td class=\"c x34d y1103 w32a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x353 y1103 w2df h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x34f y1100 wb4 h8d\"><div class=\"t_1 m0_1 x3d h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></td><td class=\"c x350 y1103 w2de h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x354 y1103 w2df h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x352 y1100 wae h8d\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></td></tr><tr><td class=\"c x34c y1104 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subvenciones de explotaci\u00f3n (**) </div></td><td class=\"c x34a y1104 wb2 h5a\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 51.571 </div></td><td class=\"c x355 y1104 wb3 h5a\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1104 wb4 h5a\"><div class=\"t_1 m0_1 x13 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 51.571  </div></td><td class=\"c x34b y1104 wb5 h5a\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">184<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1104 w18 h5a\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1104 wae h5a\"><div class=\"t_1 m0_1 x2e h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">215<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x34c y1105 wb0 h81\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones da\u00f1os y siniestros </div></td><td class=\"c x34a y1105 wb2 h81\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.659  </div></td><td class=\"c x355 y1105 wb3 h81\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1105 wb4 h81\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.659  </div></td><td class=\"c x34b y1105 wb5 h81\"><div class=\"t_1 m0_1 x11 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x356 y1105 w18 h81\"><div class=\"t_1 m0_1 x35 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x352 y1105 wae h81\"><div class=\"t_1 m0_1 x41 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x34c y1106 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos por arrendamientos </div></td><td class=\"c x34a y1106 wb2 h5a\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.064  </div></td><td class=\"c x355 y1106 wb3 h5a\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">84 </span> </div></td><td class=\"c x34f y1106 wb4 h5a\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.148  </div></td><td class=\"c x34b y1106 wb5 h5a\"><div class=\"t_1 m0_1 x2b h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">1912<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1106 w18 h5a\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">84<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1106 wae h5a\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.<span class=\"lsd\">996</span> </div></td></tr><tr><td class=\"c x34c y1107 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos no ordinarios de las operaciones </div></td><td class=\"c x34a y1107 wb2 h5a\"><div class=\"t_1 m0_1 x1a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x355 y1107 wb3 h5a\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1107 wb4 h5a\"><div class=\"t_1 m0_1 x41 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34b y1107 wb5 h5a\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.823    </span></div></td><td class=\"c x356 y1107 w18 h5a\"><div class=\"t_1 m0_1 x1d h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x352 y1107 wae h5a\"><div class=\"t_1 m0_1 x13 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.823    </span></div></td></tr><tr><td class=\"c x34c y1108 wb0 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x34a y1108 wb2 h37\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.440  </div></td><td class=\"c x355 y1108 wb3 h37\"><div class=\"t_1 m0_1 x3a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.442  </div></td><td class=\"c x34f y1108 wb4 h37\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.512  </div></td><td class=\"c x34b y1108 wb5 h37\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.025    </span></div></td><td class=\"c x356 y1108 w18 h37\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.048    </span></div></td><td class=\"c x352 y1108 wae h37\"><div class=\"t_1 m0_1 xcb h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">795   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td class=\"c x34a y1109 wb2 h8d\"><div class=\"t_1 m0_1 x13 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">64.734<span class=\"ls0_1\"> </span></div></td><td class=\"c x355 y1109 wb3 h8d\"><div class=\"t_1 m0_1 x13 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.526<span class=\"ls0_1\"> </span></div></td><td class=\"c x34f y1109 wb4 h8d\"><div class=\"t_1 m0_1 xc7 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.890<span class=\"ls0_1\"> </span></div></td><td class=\"c x34b y1109 wb5 h8d\"><div class=\"t_1 m0_1 x86 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.944<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1109 w18 h8d\"><div class=\"t_1 m0_1 x30 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.163<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1109 wae h8d\"><div class=\"t_1 m0_1 x18 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.829<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _11\"> </span><span class=\"ff6\">L<span class=\"_ _3\"></span>a diferencia entre la info<span class=\"_ _3\"></span>rmaci\u00f3n del \u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d al 31 <span class=\"_ _3\"></span>de diciembre de 2025 <span class=\"_ _3\"></span>y 2024 y <span class=\"_ _3\"></span>la agregaci\u00f3n de<span class=\"_ _3\"></span> </span>los <span class=\"_ _d\"></span>negocios <span class=\"_ _2\"></span>\u201cCelulosa\u201d <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>\u201cEnerg\u00eda <span class=\"_ _d\"></span>Renovable\u201d <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>corresponde <span class=\"_ _d\"></span>c<span class=\"_ _3\"></span>on <span class=\"_ _2\"></span>eliminaciones <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span>peraciones <span class=\"_ _d\"></span>efec<span class=\"_ _3\"></span>tuadas <span class=\"_ _d\"></span>entre <span class=\"_ _2\"></span>dichos negocios en los ejercicios <span class=\"lsd\">2025 y 2024 por importe de </span>1.370 <span class=\"ff6\">miles \u20ac</span> <span class=\"ls35\">y </span>1.278 <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) Incluye<span class=\"_ _2\"></span>, principalmente, por importe<span class=\"_ _2\"></span> de <span class=\"_ _2\"></span>41.710 miles de <span class=\"_ _2\"></span>euros la venta <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>certificados de ah<span class=\"_ _2\"></span>orro energ\u00e9tico (CAE)<span class=\"ls36\">. </span>En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>recoge <span class=\"_ _3\"></span>el exc<span class=\"_ _3\"></span>eso del <span class=\"_ _3\"></span>importe recibido <span class=\"_ _3\"></span>sobre el<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>ste de <span class=\"_ _3\"></span>las inversiones realizadas<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>este sentido, el Grupo <span class=\"_ _2\"></span>ha perfe<span class=\"_ _2\"></span>ccionado en el <span class=\"_ _2\"></span>ejercicio 2025 dos <span class=\"_ _2\"></span>operaciones <span class=\"_ _2\"></span>de venta <span class=\"_ _2\"></span>con una <span class=\"_ _2\"></span>acreditaci\u00f3n d<span class=\"_ _2\"></span>e 191 millone<span class=\"_ _2\"></span>s de <span class=\"_ _2\"></span>CAEs y 61 <span class=\"_ _d\"></span>millones de <span class=\"_ _2\"></span>CAEs siendo <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _2\"></span>precio de <span class=\"_ _d\"></span>ces<span class=\"_ _3\"></span>i\u00f3n conjunto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>42.431 miles <span class=\"_ _2\"></span>de e<span class=\"_ _2\"></span>uros. Los <span class=\"_ _2\"></span>costes <span class=\"_ _2\"></span>de obten<span class=\"_ _2\"></span>ci\u00f3n ascienden a <span class=\"_ _10\"> </span>2.172 <span class=\"_ _0\"></span>miles <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>eu<span class=\"_ _3\"></span>ros <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span><span class=\"ls37\">se</span> <span class=\"_ _10\"> </span>han <span class=\"_ _10\"></span>registr<span class=\"_ _2\"></span>a<span class=\"ls2f\">do<span class=\"_ _3\"></span></span> <span class=\"_ _10\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span><span class=\"ff6\">ep\u00edgrafe <span class=\"_ _0\"></span>\u201cOtros <span class=\"_ _10\"> </span>gastos <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>explotaci\u00f3<span class=\"_ _3\"></span>n\u201d <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>R<span class=\"_ _3\"></span>esultado </span>consolidado.<span class=\"_ _65\"> </span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _43\"> </span><span class=\"ff2\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este ep\u00edgrafe <span class=\"_ _2\"></span>del Estado <span class=\"_ _2\"></span>de Resultado consolidado <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>ejercicios 2025 y <span class=\"_ _2\"></span>2024 en <span class=\"_ _2\"></span>los distintos negocios desarrollad<span class=\"_ _3\"></span>os por ENCE es el s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _65\"> </span>31/<span class=\"lsd\">12</span>/2025 31/<span class=\"lsd\">12</span>/2024 Miles de euros Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Servicios exteriores   <span class=\"ls0_1\">124.270    </span>  <span class=\"ls0_1\">77.550    </span>  <span class=\"ls0_1\">200.450    </span>  <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.113    </span>  <span class=\"ls0_1\">3.534    </span>  <span class=\"ls0_1\">12.647    </span>  <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>Tributos    <span class=\"ls0_1\">5.055    </span>  <span class=\"lsd\">14<span class=\"ls0_1\">.</span>711</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">19.767</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.808    </span>  <span class=\"ls0_1\">12.601    </span>  <span class=\"ls0_1\">17.409    </span>Variaci\u00f3n de las provisiones de tr\u00e1fico y otros   <span class=\"ls0_1\">1.392    </span>  <span class=\"lsd\">496   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.888    </span>  <span class=\"lsd\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>Otros gastos no ordinarios de las operaciones (**)   <span class=\"ls0_1\">2.164    </span>  <span class=\"ls0_1\">4.892    </span>  <span class=\"ls0_1\">7.056    </span>  <span class=\"lsd\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">719<span class=\"_ _65\"> </span></span>141.994   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">101.183   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">241.808   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">212.590   <span class=\"ls0_1\"> </span></span>(*) <span class=\"_ _44\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferen<span class=\"_ _2\"></span>cia <span class=\"_ _f\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidad<span class=\"_ _2\"></span>o\u201d <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>202<span class=\"ff3\">5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los </span></span>negocios <span class=\"_ _3\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _3\"></span>Renovable\u201d <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>corresp<span class=\"_ _2\"></span>onde <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>eliminaciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>operaciones <span class=\"_ _3\"></span>ef<span class=\"_ _3\"></span>ectuadas <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>dichos<span class=\"_ _3\"></span> negocios en 2025 <span class=\"ls35\">y 202</span>4 por 1.369 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye, principalmente<span class=\"_ _2\"></span>, deterioro <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>existencias e<span class=\"_ _2\"></span>n concepto d<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>valor neto <span class=\"_ _2\"></span>de re<span class=\"_ _2\"></span>alizaci\u00f3n por <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>de 2.164 <span class=\"_ _2\"></span>miles d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> euros en el Negocio Celulosa y de<span class=\"_ _3\"></span>terioro existencias de 1 proyecto fo<span class=\"_ _3\"></span>tovoltaico por importe de 4.892 miles de euros en el Negocio Renovables (V\u00e9ase nota 20). El <span class=\"_ _2\"></span>Real <span class=\"_ _d\"></span>Decr<span class=\"_ _3\"></span>eto <span class=\"_ _d\"></span>8/<span class=\"_ _3\"></span>2023 <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>adop<span class=\"_ _3\"></span>tan <span class=\"_ _2\"></span>medidas <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _2\"></span>afrontar <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>secuencias <span class=\"_ _2\"></span>econ\u00f3micas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y sociales<span class=\"_ _2\"></span> derivadas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>conflictos <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Ucrania <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>Ori<span class=\"_ _3\"></span>ente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>palia<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ef<span class=\"_ _2\"></span>ectos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>sequ\u00eda, aprobado el 27 de diciembre, recupera el Imp<span class=\"_ _3\"></span>uesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _3\"></span> desde el 1 de <span class=\"_ _f\"></span>enero <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _f\"></span>progresiva, <span class=\"_ _f\"></span>quedan<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>fijado <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>definitivo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>7% <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>parti<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>1 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _f\"></span>de 2024. El coste asociad<span class=\"_ _3\"></span>o a este impuesto s<span class=\"_ _3\"></span>e recoge en el ep\u00edgrafe \u201cTribu<span class=\"_ _3\"></span>tos\u201d.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Servicios exteriores </span></span>El desglose por <span class=\"_ _3\"></span>conceptos del gasto de s<span class=\"_ _3\"></span>ervicios exteriores de los ejercicios 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5 y 2024 es<span class=\"_ _3\"></span> el siguiente: <table class=\"s w34f h19d\" id=\"_b23cbb09-2540-47b1-acc0-b923baa0ba2e\"><tr><td></td><td></td><td class=\"c x3b8 y116d wec haa\"><div class=\"t_1 m0_1 xe8 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3b9 y116d wed haa\"><div class=\"t_1 m0_1 x45 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x34c y116e web h8e\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3ba y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bb y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bc y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x3bd y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3be y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bf y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x3c0 y1170 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c1 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c2 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x3c3 y1170 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c4 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c5 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x34c y1171 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Transportes, fletes y costes comerciales </div></td><td class=\"c x3b8 y1171 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">42.991    </span></div></td><td class=\"c x3c6 y1171 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.440    </span></div></td><td class=\"c x3c7 y1171 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">59.431    </span></div></td><td class=\"c x3b9 y1171 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">45.822    </span></div></td><td class=\"c x3c8 y1171 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.590    </span></div></td><td class=\"c x3c9 y1171 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.412    </span></div></td></tr><tr><td class=\"c x34c y1172 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Suministros (**) </div></td><td class=\"c x3b8 y1172 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.043    </span></div></td><td class=\"c x3c6 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.039    </span></div></td><td class=\"c x3c7 y1172 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.892    </span></div></td><td class=\"c x3b9 y1172 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.786    </span></div></td><td class=\"c x3c8 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.858    </span></div></td><td class=\"c x3c9 y1172 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.454    </span></div></td></tr><tr><td class=\"c x34c y1173 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reparaciones y conservaci\u00f3n </div></td><td class=\"c x3b8 y1173 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.071    </span></div></td><td class=\"c x3c6 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.342    </span></div></td><td class=\"c x3c7 y1173 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">36.413    </span></div></td><td class=\"c x3b9 y1173 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.001    </span></div></td><td class=\"c x3c8 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.534    </span></div></td><td class=\"c x3c9 y1173 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">34.535    </span></div></td></tr><tr><td class=\"c x34c y1174 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de profesionales independientes </div></td><td class=\"c x3b8 y1174 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.978    </span></div></td><td class=\"c x3c6 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.280    </span></div></td><td class=\"c x3c7 y1174 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">14.258    </span></div></td><td class=\"c x3b9 y1174 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.378    </span></div></td><td class=\"c x3c8 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c9 y1174 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.126    </span></div></td></tr><tr><td class=\"c x34c y1175 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Primas de seguros </div></td><td class=\"c x3b8 y1175 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.867    </span></div></td><td class=\"c x3c6 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.126    </span></div></td><td class=\"c x3c7 y1175 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.993    </span></div></td><td class=\"c x3b9 y1175 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.540    </span></div></td><td class=\"c x3c8 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.278    </span></div></td><td class=\"c x3c9 y1175 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.818    </span></div></td></tr><tr><td class=\"c x34c y1176 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios bancarios y similares </div></td><td class=\"c x3b8 y1176 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.515    </span></div></td><td class=\"c x3c6 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.010    </span></div></td><td class=\"c x3c7 y1176 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.489    </span></div></td><td class=\"c x3b9 y1176 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c8 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.179    </span></div></td><td class=\"c x3c9 y1176 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.922    </span></div></td></tr><tr><td class=\"c x34c y1177 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos y c\u00e1nones (Nota 17) </div></td><td class=\"c x3b8 y1177 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">824   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">515   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1177 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.339    </span></div></td><td class=\"c x3b9 y1177 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">542   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">292   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1177 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">834   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y1178 web h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Publicidad, propaganda y relaciones p\u00fablicas  </div></td><td class=\"c x3b8 y1178 wb7 h5c\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.807    </span></div></td><td class=\"c x3c6 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">154   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1178 wef h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.961    </span></div></td><td class=\"c x3b9 y1178 wf0 h5c\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.741    </span></div></td><td class=\"c x3c8 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1178 wba h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.919    </span></div></td></tr><tr><td class=\"c x34c y1179 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de investigaci\u00f3n y desarrollo </div></td><td class=\"c x3b8 y1179 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1179 wee h24\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c7 y1179 wef h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y1179 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1179 wee h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c9 y1179 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y117a web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3b8 y117a wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.929    </span></div></td><td class=\"c x3c6 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">25.644    </span></div></td><td class=\"c x3c7 y117a wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.429    </span></div></td><td class=\"c x3b9 y117a wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.204    </span></div></td><td class=\"c x3c8 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.242    </span></div></td><td class=\"c x3c9 y117a wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.359    </span></div></td></tr><tr><td></td><td class=\"c x3b8 y117b wb7 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">124.270   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">77.550   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y117b wef h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">200.450   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y117b wf0 h24\"><div class=\"t_1 m0_1 x31 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">118.862   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">61.900   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y117b wba h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179.479   <span class=\"ls0_1\"> </span></span></div></td></tr></table>(*) <span class=\"_ _19\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span><span class=\"ff3\">5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los </span></span>N<span class=\"ff6\">egocios \u201cCelulosa\u201d <span class=\"_ _3\"></span>y \u201c<span class=\"_ _3\"></span>Energ\u00eda R<span class=\"_ _3\"></span>enovable\u201d se <span class=\"_ _3\"></span>corresponde co<span class=\"_ _3\"></span>n eliminaciones <span class=\"_ _3\"></span>de o<span class=\"_ _3\"></span>peraciones efectuadas <span class=\"_ _3\"></span>entre d<span class=\"_ _3\"></span>ichos </span>Negocios en 20<span class=\"lsd\">25</span> <span class=\"ls35\">y 202</span>4 por 1.3<span class=\"lsd\">69</span> miles <span class=\"ff6 lsd\">\u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye <span class=\"_ _d\"></span>principalmente l<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>compra <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>importe de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>19.731 <span class=\"ff6\">mil<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>\u20ac<span class=\"ff3\"> <span class=\"_ _2\"></span>(15.788 <span class=\"_ _2\"></span>N <span class=\"_ _2\"></span>Celulosa <span class=\"_ _d\"></span>y 3.853 <span class=\"_ _d\"></span>Negocio </span></span>Renovables) (17.587 en 2024. 14.313 N Celulosa y 3.274 Negocio Renovables).<span class=\"_ _65\"> </span>ENCE <span class=\"_ _2\"></span>tiene <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>seguro de <span class=\"_ _d\"></span>responsabilidad <span class=\"_ _2\"></span>civil <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>cubre <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>to<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>sus <span class=\"_ _d\"></span>administradores y <span class=\"_ _d\"></span>directivos por <span class=\"_ _3\"></span>da\u00f1os <span class=\"_ _f\"></span>ocasionados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>actos <span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>omisiones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cargo. <span class=\"_ _3\"></span>Su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>sido de <span class=\"ls10\">74 </span><span class=\"ff6\">miles \u20ac y<span class=\"_ _3\"></span></span> <span class=\"ls10\">82</span> miles <span class=\"ff6\">\u20ac</span>, resp<span class=\"_ _3\"></span>ectivamente<span class=\"ls13\">.<span class=\"_ _65\"> </span></span>12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Honorarios de auditor\u00eda </span></span>La firm<span class=\"_ _2\"></span>a que ha <span class=\"_ _2\"></span>auditado las cuentas de <span class=\"_ _2\"></span>las sociedades que <span class=\"_ _2\"></span>conforman el Grupo <span class=\"_ _2\"></span>ENCE en 2025 y 2024 ha <span class=\"_ _2\"></span>sido KPMG Auditores, S.L. <span class=\"_ _3\"></span>(v\u00e9ase Anexo I).<span class=\"_ _3\"></span> Durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>honorarios <span class=\"_ _f\"></span>relativos a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>servicios <span class=\"_ _f\"></span>de au<span class=\"_ _3\"></span>ditor\u00eda <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>otros servicios prestad<span class=\"_ _3\"></span>os por el auditor o por empresas<span class=\"_ _3\"></span> vinculadas al au<span class=\"_ _3\"></span>ditor han sido los siguientes:<span class=\"_ _f\"></span><span class=\"ff4 fs4\"> </span> <table class=\"s w351 h19e\" id=\"_c22a1dba-e8e4-4eba-91ce-7813d8f8d41d\"><tr><td class=\"c x227 y117c wf2 had\"><div class=\"t_1 m0_1 x10 h58 y45 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x3ca y117c wa9 had\"><div class=\"t_1 m0_1 xe h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117c wf3 had\"><div class=\"t_1 m0_1 x31 h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117d wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de auditor\u00eda </div></td><td class=\"c x3ca y117d wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">236<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117d wf3 haf\"><div class=\"t_1 m0_1 x50 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">220<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117e wf2 hb0\"><div class=\"t_1 m0_1 x10 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios relacionados con la auditor\u00eda </div></td><td class=\"c x3ca y117e wa9 hb0\"><div class=\"t_1 m0_1 x19 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117e wf3 hb0\"><div class=\"t_1 m0_1 x86 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117f wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3ca y117f wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">118<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117f wf3 haf\"><div class=\"t_1 m0_1 x86 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td></tr></table>Los servicios prestados por el <span class=\"_ _2\"></span>auditor en 2025, relacionados con los servicios de a<span class=\"_ _2\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _15\"> </span>revisi\u00f3n <span class=\"_ _15\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _19\"> </span>ra<span class=\"_ _3\"></span>tios <span class=\"_ _15\"> </span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>atender <span class=\"_ _15\"> </span>a <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>obligacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>recogidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _15\"> </span>de financiaci\u00f3n, <span class=\"_ _3\"></span>servicios d<span class=\"_ _3\"></span>e verificaci\u00f3n d<span class=\"_ _3\"></span>el sistema <span class=\"_ _3\"></span>de control <span class=\"_ _3\"></span>interno <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>informaci\u00f3n financiera <span class=\"_ _3\"></span>y s<span class=\"_ _3\"></span>ervicios de <span class=\"_ _1b\"> </span>revisi\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinadas <span class=\"_ _1b\"> </span>magnitu<span class=\"_ _3\"></span>des <span class=\"_ _1b\"> </span>finan<span class=\"_ _3\"></span>cieras <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _1b\"> </span>acreditar <span class=\"_ _1b\"> </span>la <span class=\"_ _1b\"> </span>condici\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>consumidor electrointensivo <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pago <span class=\"_ _3\"></span>legal <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>arias <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo. <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>el apartado \u201cOt<span class=\"_ _3\"></span>ros servicios\u201d incluye principalmente serv<span class=\"_ _3\"></span>icios de verificaci\u00f3n <span class=\"_ _3\"></span><span class=\"ff3\">d<span class=\"_ _3\"></span>el Informe de<span class=\"_ _3\"></span> Sostenibilidad<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "9.1<span class=\"ff5\"> <span class=\"_ _18\"> </span></span><span class=\"fc2\">Otros ingresos de explotac<span class=\"_ _2\"></span>i\u00f3n </span>Este <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>Resultado <span class=\"_ _0\"></span>consolida<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>recoge, <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rincipalmente, <span class=\"_ _f\"></span>ingr<span class=\"_ _3\"></span>esos <span class=\"_ _f\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>subv<span class=\"_ _3\"></span>enciones <span class=\"_ _f\"></span>de explotaci\u00f3n, <span class=\"_ _3\"></span>ingresos p<span class=\"_ _3\"></span>or arrendamientos<span class=\"_ _3\"></span> e ind<span class=\"_ _3\"></span>emnizaciones <span class=\"_ _3\"></span>percibidas <span class=\"_ _3\"></span>de compa\u00f1\u00edas<span class=\"_ _3\"></span> de seguros<span class=\"_ _f\"></span>, <span class=\"_ _3\"></span>seg\u00fan el siguiente detalle: <table class=\"s w331 h18e\" id=\"_68705717-ca2e-4380-af81-2af332328a58\"><tr><td></td><td></td><td class=\"c x34a y10ff wb1 h8d\"><div class=\"t_1 m0_1 x23 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x34b y10ff wa8 h8d\"><div class=\"t_1 m0_1 x16 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x34c y1100 wb0 h93\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x34d y1101 w329 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x34e y1101 w329 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x34f y1102 wb4 h94\"><div class=\"t_1 m0_1 x2b h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div></td><td class=\"c x350 y1101 w325 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x351 y1101 w325 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x352 y1102 wae h94\"><div class=\"t_1 m0_1 x1_1 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div></td></tr><tr><td></td><td class=\"c x34d y1103 w32a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x353 y1103 w2df h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x34f y1100 wb4 h8d\"><div class=\"t_1 m0_1 x3d h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></td><td class=\"c x350 y1103 w2de h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x354 y1103 w2df h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x352 y1100 wae h8d\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></td></tr><tr><td class=\"c x34c y1104 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subvenciones de explotaci\u00f3n (**) </div></td><td class=\"c x34a y1104 wb2 h5a\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 51.571 </div></td><td class=\"c x355 y1104 wb3 h5a\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1104 wb4 h5a\"><div class=\"t_1 m0_1 x13 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 51.571  </div></td><td class=\"c x34b y1104 wb5 h5a\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">184<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1104 w18 h5a\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1104 wae h5a\"><div class=\"t_1 m0_1 x2e h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">215<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x34c y1105 wb0 h81\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones da\u00f1os y siniestros </div></td><td class=\"c x34a y1105 wb2 h81\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.659  </div></td><td class=\"c x355 y1105 wb3 h81\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1105 wb4 h81\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.659  </div></td><td class=\"c x34b y1105 wb5 h81\"><div class=\"t_1 m0_1 x11 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x356 y1105 w18 h81\"><div class=\"t_1 m0_1 x35 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x352 y1105 wae h81\"><div class=\"t_1 m0_1 x41 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x34c y1106 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos por arrendamientos </div></td><td class=\"c x34a y1106 wb2 h5a\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.064  </div></td><td class=\"c x355 y1106 wb3 h5a\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">84 </span> </div></td><td class=\"c x34f y1106 wb4 h5a\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.148  </div></td><td class=\"c x34b y1106 wb5 h5a\"><div class=\"t_1 m0_1 x2b h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">1912<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1106 w18 h5a\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">84<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1106 wae h5a\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.<span class=\"lsd\">996</span> </div></td></tr><tr><td class=\"c x34c y1107 wb0 h5a\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos no ordinarios de las operaciones </div></td><td class=\"c x34a y1107 wb2 h5a\"><div class=\"t_1 m0_1 x1a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x355 y1107 wb3 h5a\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34f y1107 wb4 h5a\"><div class=\"t_1 m0_1 x41 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x34b y1107 wb5 h5a\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.823    </span></div></td><td class=\"c x356 y1107 w18 h5a\"><div class=\"t_1 m0_1 x1d h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x352 y1107 wae h5a\"><div class=\"t_1 m0_1 x13 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.823    </span></div></td></tr><tr><td class=\"c x34c y1108 wb0 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x34a y1108 wb2 h37\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.440  </div></td><td class=\"c x355 y1108 wb3 h37\"><div class=\"t_1 m0_1 x3a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.442  </div></td><td class=\"c x34f y1108 wb4 h37\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.512  </div></td><td class=\"c x34b y1108 wb5 h37\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.025    </span></div></td><td class=\"c x356 y1108 w18 h37\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.048    </span></div></td><td class=\"c x352 y1108 wae h37\"><div class=\"t_1 m0_1 xcb h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">795   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td class=\"c x34a y1109 wb2 h8d\"><div class=\"t_1 m0_1 x13 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">64.734<span class=\"ls0_1\"> </span></div></td><td class=\"c x355 y1109 wb3 h8d\"><div class=\"t_1 m0_1 x13 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.526<span class=\"ls0_1\"> </span></div></td><td class=\"c x34f y1109 wb4 h8d\"><div class=\"t_1 m0_1 xc7 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.890<span class=\"ls0_1\"> </span></div></td><td class=\"c x34b y1109 wb5 h8d\"><div class=\"t_1 m0_1 x86 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.944<span class=\"ls0_1\"> </span></div></td><td class=\"c x356 y1109 w18 h8d\"><div class=\"t_1 m0_1 x30 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.163<span class=\"ls0_1\"> </span></div></td><td class=\"c x352 y1109 wae h8d\"><div class=\"t_1 m0_1 x18 h58 y512 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.829<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _11\"> </span><span class=\"ff6\">L<span class=\"_ _3\"></span>a diferencia entre la info<span class=\"_ _3\"></span>rmaci\u00f3n del \u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d al 31 <span class=\"_ _3\"></span>de diciembre de 2025 <span class=\"_ _3\"></span>y 2024 y <span class=\"_ _3\"></span>la agregaci\u00f3n de<span class=\"_ _3\"></span> </span>los <span class=\"_ _d\"></span>negocios <span class=\"_ _2\"></span>\u201cCelulosa\u201d <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>\u201cEnerg\u00eda <span class=\"_ _d\"></span>Renovable\u201d <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>corresponde <span class=\"_ _d\"></span>c<span class=\"_ _3\"></span>on <span class=\"_ _2\"></span>eliminaciones <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>o<span class=\"_ _3\"></span>peraciones <span class=\"_ _d\"></span>efec<span class=\"_ _3\"></span>tuadas <span class=\"_ _d\"></span>entre <span class=\"_ _2\"></span>dichos negocios en los ejercicios <span class=\"lsd\">2025 y 2024 por importe de </span>1.370 <span class=\"ff6\">miles \u20ac</span> <span class=\"ls35\">y </span>1.278 <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) Incluye<span class=\"_ _2\"></span>, principalmente, por importe<span class=\"_ _2\"></span> de <span class=\"_ _2\"></span>41.710 miles de <span class=\"_ _2\"></span>euros la venta <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>certificados de ah<span class=\"_ _2\"></span>orro energ\u00e9tico (CAE)<span class=\"ls36\">. </span>En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>recoge <span class=\"_ _3\"></span>el exc<span class=\"_ _3\"></span>eso del <span class=\"_ _3\"></span>importe recibido <span class=\"_ _3\"></span>sobre el<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>ste de <span class=\"_ _3\"></span>las inversiones realizadas<span class=\"_ _3\"></span>. <span class=\"_ _3\"></span>En <span class=\"_ _3\"></span>este sentido, el Grupo <span class=\"_ _2\"></span>ha perfe<span class=\"_ _2\"></span>ccionado en el <span class=\"_ _2\"></span>ejercicio 2025 dos <span class=\"_ _2\"></span>operaciones <span class=\"_ _2\"></span>de venta <span class=\"_ _2\"></span>con una <span class=\"_ _2\"></span>acreditaci\u00f3n d<span class=\"_ _2\"></span>e 191 millone<span class=\"_ _2\"></span>s de <span class=\"_ _2\"></span>CAEs y 61 <span class=\"_ _d\"></span>millones de <span class=\"_ _2\"></span>CAEs siendo <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _2\"></span>precio de <span class=\"_ _d\"></span>ces<span class=\"_ _3\"></span>i\u00f3n conjunto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>42.431 miles <span class=\"_ _2\"></span>de e<span class=\"_ _2\"></span>uros. Los <span class=\"_ _2\"></span>costes <span class=\"_ _2\"></span>de obten<span class=\"_ _2\"></span>ci\u00f3n ascienden a <span class=\"_ _10\"> </span>2.172 <span class=\"_ _0\"></span>miles <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>eu<span class=\"_ _3\"></span>ros <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span><span class=\"ls37\">se</span> <span class=\"_ _10\"> </span>han <span class=\"_ _10\"></span>registr<span class=\"_ _2\"></span>a<span class=\"ls2f\">do<span class=\"_ _3\"></span></span> <span class=\"_ _10\"></span>en<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span><span class=\"ff6\">ep\u00edgrafe <span class=\"_ _0\"></span>\u201cOtros <span class=\"_ _10\"> </span>gastos <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>explotaci\u00f3<span class=\"_ _3\"></span>n\u201d <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>R<span class=\"_ _3\"></span>esultado </span>consolidado.<span class=\"_ _65\"> </span>10.<span class=\"ff5 ls0_1\"> <span class=\"_ _0\"></span><span class=\"ff2\">Aprovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _3\"></span>amientos\u201d en lo<span class=\"_ _3\"></span>s ejercicios 202</span>5 <span class=\"_ _3\"></span>y 2024 se des<span class=\"_ _3\"></span>glosa en:<table class=\"s w333 h190\" id=\"_524ddec8-54c0-4bc2-80db-0b7448695119\"><tr><td></td><td></td><td class=\"c x35c y1115 wbd h66\"><div class=\"t_1 m0_1 x26 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x35d y1115 wbe h66\"><div class=\"t_1 m0_1 x41 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x35e y1116 wbc h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x35f y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x360 y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x361 y1117 w334 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x363 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x364 y1117 w335 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x35f y1118 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x365 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x366 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1118 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x367 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x368 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x35e y1119 wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x35c y1119 wbf h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">285.135    </span></div></td><td class=\"c x369 y1119 wc0 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.589    </span></div></td><td class=\"c x36a y1119 wc1 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">345.365    </span></div></td><td class=\"c x35d y1119 wc2 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">303.474    </span></div></td><td class=\"c x36b y1119 wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.659    </span></div></td><td class=\"c x36c y1119 wc4 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">352.448    </span></div></td></tr><tr><td class=\"c x1ca y111a w337 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n de existencias de</div></td><td class=\"c x35c y111b wbf h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(5.<span class=\"lsd\">311</span>)    </span></div></td><td class=\"c x369 y111b wc0 h86\"><div class=\"t_1 m0_1 x2f h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.875)    </span></div></td><td class=\"c x36a y111b wc1 h86\"><div class=\"t_1 m0_1 x86 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(10.186)    </span></div></td><td class=\"c x35d y111b wc2 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(7.885)    </span></div></td><td class=\"c x36b y111b wc3 h86\"><div class=\"t_1 m0_1 xc h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(456)    </span></div></td><td class=\"c x36c y111b wc4 h86\"><div class=\"t_1 m0_1 x19 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(8.341)    </span></div></td></tr><tr><td class=\"c x1ca y111c w338 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">materias primas y auxiliares<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x35e y111d wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos externos </div></td><td class=\"c x35c y111d wbf h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">59.722   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x369 y111d wc0 h24\"><div class=\"t_1 m0_1 x11 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.162    </span></div></td><td class=\"c x36a y111d wc1 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">68.884   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x35d y111d wc2 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.941    </span></div></td><td class=\"c x36b y111d wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.155    </span></div></td><td class=\"c x36c y111d wc4 h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.096    </span></div></td></tr><tr><td></td><td class=\"c x35c y111e wbf h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">339.546 <span class=\"ls0_1\"> </span></div></td><td class=\"c x369 y111e wc0 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.876 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36a y111e wc1 h25\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">404.063 <span class=\"ls0_1\"> </span></div></td><td class=\"c x35d y111e wc2 h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">360.530 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36b y111e wc3 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">68.358 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36c y111e wc4 h25\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">425.203 <span class=\"ls0_1\"> </span></div></td></tr></table>(*)  <span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>informac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidado\u201d <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agregaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los negocios <span class=\"_ _f\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _f\"></span>Renovable\u201d <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>eliminaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>efectuadas <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>dichos negocios en 2025 <span class=\"ls35\">y 202</span>4 por 2.359 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y </span>3.685 <span class=\"ff6\">miles \u20ac, respectivamente</span>. En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>incluyen p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes d<span class=\"_ _3\"></span>e adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _3\"></span>de madera, <span class=\"_ _3\"></span>de p<span class=\"_ _3\"></span>roductos qu<span class=\"_ _3\"></span>\u00edmicos, <span class=\"_ _3\"></span>de combustibles  y  de <span class=\"_ _13\"> </span>otros <span class=\"_ _13\"> </span>costes  variables,  as\u00ed <span class=\"_ _13\"> </span>como  cost<span class=\"_ _2\"></span>es  asociados  a <span class=\"_ _13\"> </span>servicios  de <span class=\"_ _13\"> </span>aprovechamiento  y transporte d<span class=\"_ _3\"></span>e madera.<span class=\"_ _65\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Personal </span></span>Los <span class=\"_ _3\"></span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personal <span class=\"_ _f\"></span>incurridos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios 202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>distinto<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>desarro<span class=\"_ _3\"></span>llados <span class=\"_ _3\"></span>por ENCE son<span class=\"_ _3\"></span> los siguientes: <table class=\"s w339 h192\" id=\"_4d209729-eccd-4f1d-8b39-1caca52cd0d8\"><tr><td></td><td></td><td class=\"c x36d y111f wb1 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x36e y111f wc7 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x1c5 y1120 wc5 h9c\"><div class=\"t_1 m0_1 x10 h20 y14e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x36f y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x370 y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x371 y1121 w334 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x372 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x373 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x374 y1121 w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x375 y1122 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x376 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x377 y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y1122 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x379 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x37a y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1c5 y1123 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sueldos y salarios </div></td><td class=\"c x36d y1123 w21 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.880    </span></div></td><td class=\"c x37b y1123 wc8 h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.659    </span></div></td><td class=\"c x37c y1123 wc9 h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.539    </span></div></td><td class=\"c x36e y1123 w18 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.468    </span></div></td><td class=\"c x37d y1123 wca h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.160    </span></div></td><td class=\"c x37e y1123 wcb h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.628    </span></div></td></tr><tr><td class=\"c x1c5 y1124 wc5 h98\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Seguridad Social </div></td><td class=\"c x36d y1124 w21 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.102    </span></div></td><td class=\"c x37b y1124 wc8 h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.230    </span></div></td><td class=\"c x37c y1124 wc9 h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.332    </span></div></td><td class=\"c x36e y1124 w18 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.090    </span></div></td><td class=\"c x37d y1124 wca h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.378    </span></div></td><td class=\"c x37e y1124 wcb h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.468    </span></div></td></tr><tr><td class=\"c x1c5 y1125 wc5 h38\"><div class=\"t_1 m0_1 x10 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aportaci\u00f3n planes pensiones </div></td><td class=\"c x36d y1125 w21 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.537    </span></div></td><td class=\"c x37b y1125 wc8 h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">604   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1125 wc9 h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.141 </div></td><td class=\"c x36e y1125 w18 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.362    </span></div></td><td class=\"c x37d y1125 wca h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">453   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37e y1125 wcb h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.815 </div></td></tr><tr><td class=\"c x1c5 y1126 wc5 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos sociales </div></td><td class=\"c x36d y1126 w21 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.820 </div></td><td class=\"c x37b y1126 wc8 h97\"><div class=\"t_1 m0_1 x58 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">261<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1126 wc9 h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.081 </div></td><td class=\"c x36e y1126 w18 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.791 </div></td><td class=\"c x37d y1126 wca h97\"><div class=\"t_1 m0_1 x15 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">232<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1126 wcb h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.023 </div></td></tr><tr><td></td><td class=\"c x36d y1127 w21 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.339 </div></td><td class=\"c x37b y1127 wc8 h97\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.754 </div></td><td class=\"c x37c y1127 wc9 h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">110.093 </div></td><td class=\"c x36e y1127 w18 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.711 </div></td><td class=\"c x37d y1127 wca h97\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.223 </div></td><td class=\"c x37e y1127 wcb h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">107.934 </div></td></tr><tr><td class=\"c x1c5 y1128 wc5 h9d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Planes retribuci\u00f3n a largo plazo </div></td><td class=\"c x36d y1128 w21 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">71</span>) </div></td><td class=\"c x37b y1128 wc8 h9d\"><div class=\"t_1 m0_1 x14 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">447   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1128 wc9 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">376   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x36e y1128 w18 h9d\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.536 </div></td><td class=\"c x37d y1128 wca h9d\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">485<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1128 wcb h9d\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.021 </div></td></tr><tr><td class=\"c x1c5 y1129 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones </div></td><td class=\"c x36d y1129 w21 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.694 </div></td><td class=\"c x37b y1129 wc8 h72\"><div class=\"t_1 m0_1 x58 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">435<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1129 wc9 h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.129 </div></td><td class=\"c x36e y1129 w18 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.372 </div></td><td class=\"c x37d y1129 wca h72\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">771<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1129 wcb h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.143 </div></td></tr><tr><td class=\"c x1c5 y112a wc5 h86\"><div class=\"t_1 m0_1 x10 h20 y4d6 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos de personal no </div><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ordinarios (Nota 31) </div></td><td class=\"c x36d y112a w21 h86\"><div class=\"t_1 m0_1 x1f h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.998 </div></td><td class=\"c x37b y112a wc8 h86\"><div class=\"t_1 m0_1 x2b h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112a wc9 h86\"><div class=\"t_1 m0_1 x2_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.998    </span></div></td><td class=\"c x36e y112a w18 h86\"><div class=\"t_1 m0_1 x31 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112a wca h86\"><div class=\"t_1 m0_1 x1_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112a wcb h86\"><div class=\"t_1 m0_1 x82 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x36d y112b w21 h38\"><div class=\"t_1 m0_1 x2b h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">110.960<span class=\"ls0_1\"> </span></div></td><td class=\"c x37b y112b wc8 h38\"><div class=\"t_1 m0_1 x22 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">25.636<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112b wc9 h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">136.596<span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y112b w18 h38\"><div class=\"t_1 m0_1 x1f h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.619<span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112b wca h38\"><div class=\"t_1 m0_1 xc7 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">23.479<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112b wcb h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">113.098<span class=\"ls0_1\"> </span></div></td></tr></table>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Datos de plantilla </span></span>La <span class=\"_ _3\"></span>plantilla <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>de los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024, d<span class=\"_ _3\"></span>etallada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>profesional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>sexo, <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la siguiente:<table class=\"s w33a h193\" id=\"_e45e3ea2-50ac-4b86-93ed-212a7bb2da39\"><tr><td></td><td></td><td class=\"c x380 y112c wcc h9f\"><div class=\"t_1 m0_1 xd8 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero Medio de Empleados del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y112e w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y112e wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y112e w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y112e wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y112e w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y112f w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57 </div></td><td class=\"c x383 y112f wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y112f w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78 </div></td><td class=\"c x381 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y112f wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y112f w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1130 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">70<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1130 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1130 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1130 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1130 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">102<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1131 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">68<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1131 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y1131 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">74<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">67<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1131 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x386 y1131 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1132 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">231<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1132 wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">147<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1132 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">378<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">221<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1132 wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">150<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1132 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1133 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1133 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1133 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1133 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1133 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1134 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">334<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1134 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1134 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">387<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1134 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1134 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1135 w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1135 wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1135 w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">97<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1135 wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1135 w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1136 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1136 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1136 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1136 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1136 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\">1</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1137 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">344<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1137 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.30<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">909<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1137 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">336<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1137 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>As\u00ed <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>distribuci\u00f3n de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>plantilla del <span class=\"_ _d\"></span>Grupo al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 y <span class=\"_ _d\"></span>2024, detallada <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>categor\u00eda profesional y s<span class=\"_ _3\"></span>exo, es la siguiente: <table class=\"s w33a h194\" id=\"_d0cb3044-c4a0-413c-ad85-249ebb906d9b\"><tr><td></td><td></td><td class=\"c x380 y1138 wcc h9f\"><div class=\"t_1 m0_1 x12 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de Empleados al cierre del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y113a w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y113a wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y113a w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y113a wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y113a w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y113b w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113b wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113b w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113b wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113b w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">76<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113c w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113c wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35 </div></td><td class=\"c x384 y113c w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113c wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113c w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">109<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113d w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113d wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y113d w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">79<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113d wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x386 y113d w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">58<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113e w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">230<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113e wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">14<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113e w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">217<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113e wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">152<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113e w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">369<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113f w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113f wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113f w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113f wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113f w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1140 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1140 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1140 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1140 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1140 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">363<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1141 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1141 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1141 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1141 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1141 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">82<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1142 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1142 wcf h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1142 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">136<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1142 wd0 h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1142 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1143 w89 h9f\"><div class=\"t_1 m0_1 x3a h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1008<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1143 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1143 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.34<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1143 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">907<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1143 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">338<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1143 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>Al 31 de diciembre de 2025 y<span class=\"_ _3\"></span> 2024 el n\u00famero de emplead<span class=\"_ _3\"></span>os con una dis<span class=\"_ _3\"></span>capacidad superior al 33% es de<span class=\"_ _3\"></span> <span class=\"ls10\">14<span class=\"_ _3\"></span></span> y 11 personas<span class=\"_ _3\"></span>, respectivamente. Por <span class=\"_ _f\"></span>otra <span class=\"_ _f\"></span>parte, <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Consejo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>est\u00e1 <span class=\"_ _f\"></span>conformado <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>13 personas; 8 v<span class=\"_ _3\"></span>arones y 5 mujeres.<span class=\"_ _65\"> </span>11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Plan<span class=\"ls38\">es</span> de retribuci\u00f3n a largo plazo<span class=\"_ _2\"></span> </span></span>Se <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>tinuaci\u00f3n <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>n\u00famero <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>beneficiarios <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>31/12/2025 <span class=\"_ _13\"> </span>as\u00ed <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>compro<span class=\"_ _3\"></span>miso <span class=\"_ _10\"> </span>m\u00e1ximo,<span class=\"_ _3\"></span> asumiendo un gra<span class=\"_ _3\"></span>do de consecuci\u00f3n del 100%, de los<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>lanes de incentiv<span class=\"_ _3\"></span>os a largo plaz<span class=\"_ _3\"></span>o vigentes:<table class=\"s w33b h195\" id=\"_ac945518-8261-425b-bd7d-b042dd2b6549\"><tr><td></td><td></td><td></td><td class=\"c x388 y1144 wd4 ha4\"><div class=\"t_1 m0_1 x41 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste m\u00e1ximo (miles \u20ac)<span class=\"ff2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x389 y1145 w33c h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x38a y1146 wd2 ha5\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP </div></td><td class=\"c x38b y1147 w33d h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficiarios<span class=\"_ _65\"> </span></div></td><td class=\"c x388 y1146 wd5 ha5\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x38c y1146 w44 ha5\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acciones </div></td><td class=\"c x38d y1146 wd6 ha5\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1149 w33e h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-2027 (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x38f y114a wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">83<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114a wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.864 </div></td><td class=\"c x38c y114a w44 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.327 </div></td><td class=\"c x38d y114a wd6 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.191 </div></td></tr><tr><td class=\"c x38a y114b wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa Moldeada </div></td><td class=\"c x38f y114b wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114b wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114b w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114b wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y114c w33f h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x38f y114d wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114d wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td><td class=\"c x38c y114d w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114d wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td></tr><tr><td class=\"c x38a y114e wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biog\u00e1s </div></td><td class=\"c x38f y114e wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x388 y114e wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td><td class=\"c x38c y114e w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114e wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td></tr><tr><td class=\"c x38a y114f wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Calor Industrial </div></td><td class=\"c x38f y114f wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114f wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114f w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114f wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x38f y1150 wd3 h5c\"><div class=\"t_1 m0_1 x1e h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">116<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y1150 wd5 h5c\"><div class=\"t_1 m0_1 x15 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.639<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y1150 w44 h5c\"><div class=\"t_1 m0_1 x22 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.327<span class=\"ls0_1\"> </span></div></td><td class=\"c x38d y1150 wd6 h5c\"><div class=\"t_1 m0_1 x11 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22.966<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _1\"> </span>Se recogen los compromisos<span class=\"_ _3\"></span> vigentes al 31/12/202<span class=\"_ _3\"></span>5 as<span class=\"_ _3\"></span>ociados a los<span class=\"_ _3\"></span> Ciclos I, <span class=\"ls13\">II</span> y III<span class=\"_ _3\"></span> del plan El <span class=\"_ _2\"></span>gasto devengado <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre de <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5 y <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>corresp<span class=\"_ _3\"></span>ondiente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los distintos <span class=\"_ _2\"></span>planes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retribuci\u00f3n, detallado consid<span class=\"_ _3\"></span>erando su contrapar<span class=\"_ _3\"></span>tida, es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w340 h198\" id=\"_062a6762-a028-4c0d-bebb-934aff5a693c\"><tr><td></td><td></td><td class=\"c x390 y1151 wd8 h24\"><div class=\"t_1 m0_1 xd8 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x391 y1151 wda h24\"><div class=\"t_1 m0_1 xcd h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td></td><td class=\"c x392 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de</div></td><td class=\"c x393 y1153 w342 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones<span class=\"_ _65\"> </span></div></td><td class=\"c x394 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de<span class=\"_ _65\"> </span></div></td><td class=\"c x396 y1152 w344 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones a<span class=\"_ _65\"> </span></div></td><td class=\"c x397 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1154 wd7 h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x392 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal</div></td><td class=\"c x398 y1156 w346 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a largo y<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal<span class=\"_ _65\"> </span></div></td><td class=\"c x399 y1155 w348 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">largo y corto</div></td><td class=\"c x39a y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x39b y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)</div></td><td class=\"c x393 y1158 w349 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">corto plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td><td class=\"c x39c y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)<span class=\"_ _65\"> </span></div></td><td class=\"c x39d y1157 w34b h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plazo (Nota 31)</div></td><td class=\"c x39a y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x39e y1159 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 31)<span class=\"_ _65\"> </span></div></td><td class=\"c x39f y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x3a0 y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y115b w34d h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-<span class=\"lsd\">2027<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115c wdb h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(142) </div></td><td class=\"c x3a2 y115c wdc h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x3a3 y115c wdd h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y115c wdf h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.437 </div></td><td class=\"c x3a4 y115c we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">392<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115c we1 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.045 </div></td></tr><tr><td class=\"c x28c y115d wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Celulosa Moldeada </span></div></td><td class=\"c x390 y115d wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115d wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115d wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115d wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115d we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115d we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x1ca y114c w33f h19b\"><div class=\"t_1 m0_1 x1c9 h20 y115e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115f wdb h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115f wdc h5c\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115f wdd h5c\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115f wdf h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115f we0 h5c\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115f we1 h5c\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1160 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Biometano </span></div></td><td class=\"c x390 y1160 wdb h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1160 wdc h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1160 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1160 wdf h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1160 we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1160 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1161 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Calor Industrial </span></div></td><td class=\"c x390 y1161 wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1161 wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1161 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1161 wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1161 we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1161 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x390 y1162 wdb h24\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1162 wdc h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">447<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1162 wdd h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y1162 wdf h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.021<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1162 we0 h24\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">975<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1162 we1 h24\"><div class=\"t_1 m0_1 x41 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.045<span class=\"ls0_1\"> </span></div></td></tr></table>Plan de ince<span class=\"_ _3\"></span>ntivo a largo plazo para el p<span class=\"_ _3\"></span>eriodo 2023<span class=\"_ _3\"></span>-<span class=\"ls10\">2027</span> El <span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e mayo<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2023 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Ordinaria <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Accionistas<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> Dom<span class=\"_ _3\"></span>inante <span class=\"_ _f\"></span><span class=\"ff6\">apro<span class=\"_ _3\"></span>b\u00f3 <span class=\"_ _3\"></span>el \u201cPlan<span class=\"_ _3\"></span> </span>de incentivo<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>2023-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _3\"></span>dirigido a<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>irectivos, i<span class=\"_ _3\"></span>ncluido <span class=\"_ _3\"></span>el Presidente <span class=\"_ _3\"></span>y Con<span class=\"_ _3\"></span>sejero <span class=\"_ _3\"></span>Delegado d<span class=\"_ _3\"></span>e la Sociedad, y otro<span class=\"_ _3\"></span>s empleados del Grupo<span class=\"_ _3\"></span> Ence (el \u201cPlan\u201d). <span class=\"_ _3\"></span><span class=\"ff3\"> </span>El Plan tiene un<span class=\"_ _3\"></span>a duraci\u00f3n de <span class=\"_ _3\"></span>5 a\u00f1os, es<span class=\"_ _3\"></span>to es, desde el 1/1/2023 h<span class=\"_ _3\"></span>asta el 31/12/<span class=\"_ _3\"></span>2027 y se d<span class=\"_ _3\"></span>ivid<span class=\"_ _3\"></span>e en 3 ci<span class=\"_ _3\"></span>clos anuales <span class=\"_ _10\"></span>solapados <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>3 <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ellos<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>independientes <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>s\u00ed, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _3\"></span>idar\u00e1n dentro <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>90 <span class=\"_ _d\"></span>d\u00edas <span class=\"_ _2\"></span>siguientes <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>\u00faltimo <span class=\"_ _2\"></span>a\u00f1o <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>ciclo<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _d\"></span><span class=\"ls0_1\"> <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>ciclo <span class=\"_ _2\"></span>I <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Plan <span class=\"_ _d\"></span>representa<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>un <span class=\"_ _d\"></span>60% <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _3\"></span> II y III representan un<span class=\"_ _3\"></span> 20% cada uno del incentivo to<span class=\"_ _3\"></span>tal.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>incentivo <span class=\"_ _f\"></span>de cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>estar\u00e1 <span class=\"_ _3\"></span>condicionado <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cumplimiento <span class=\"_ _f\"></span>de d<span class=\"_ _3\"></span>eterminados <span class=\"_ _3\"></span>objetiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>financieros, <span class=\"_ _f\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _13\"> </span>valor  para  el  accionista,  ap<span class=\"_ _2\"></span>robados<span class=\"_ _3\"></span>  por  e<span class=\"_ _2\"></span>l  Consejo  de <span class=\"_ _13\"> </span>Administraci\u00f3n  a propuesta d<span class=\"_ _3\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"_ _3\"></span> y Retribu<span class=\"_ _3\"></span>ciones.  El incentivo considerado en este Plan consiste en <span class=\"_ _2\"></span>un % de la <span class=\"_ _2\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _f\"></span>profesional <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>eneficiario, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>liquida <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>un 30% <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>efectivo, <span class=\"_ _f\"></span>excepto <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>miembros <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Comit\u00e9 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Direcci\u00f3n <span class=\"_ _f\"></span>cuya <span class=\"_ _f\"></span>liquidaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>100% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones. <span class=\"_ _10\"></span>El<span class=\"_ _65\"> </span>Presidente y <span class=\"_ _2\"></span>Consejero Delegado y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>resto de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>iembros del <span class=\"_ _2\"></span>Comit\u00e9 <span class=\"_ _2\"></span>de Direcci\u00f3n <span class=\"_ _2\"></span>asumen determinados compromisos de mantenim<span class=\"_ _3\"></span>iento de las<span class=\"_ _3\"></span> acciones recibidas.<span class=\"_ _3\"></span>  El <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de accion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>entregar se <span class=\"_ _3\"></span>determinar\u00e1 <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e referencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _3\"></span>de ENCE <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cotizaci\u00f3n <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>en los <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>d\u00edas <span class=\"_ _3\"></span>anteriores <span class=\"_ _3\"></span>y pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>al 31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre de <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ciclo.<span class=\"_ _2\"></span> El <span class=\"_ _f\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>siderar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _f\"></span><span class=\"lsf\">ciclo<span class=\"_ _3\"></span></span>s <span class=\"_ _f\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>3,24 <span class=\"_ _0\"></span>\u20ac/acci\u00f3n</span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">2,86 <span class=\"_ _f\"></span>\u20ac<span class=\"_ _3\"></span>/acci\u00f3n, <span class=\"_ _0\"></span></span><span class=\"ls17\">y <span class=\"_ _f\"></span></span>3,1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">\u20ac/acci\u00f3n, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _0\"></span>ciclos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span>81, <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>personas<span class=\"ls19\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _13\"> </span>coste  m\u00e1ximo  previsto  en <span class=\"_ _13\"> </span>su conjunto,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>considerando <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>grado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>100%<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>asciende <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>aproximad<span class=\"_ _3\"></span>amente <span class=\"_ _3\"></span>18,2 <span class=\"_ _f\"></span>millon<span class=\"ff6\">es <span class=\"_ _3\"></span>\u20ac</span> (2,8 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _3\"></span>ectivo y </span>4,9 millones d<span class=\"_ _3\"></span>e acciones)<span class=\"ls13\">. <span class=\"_ _3\"></span></span> Otros planes de retribuc<span class=\"_ _3\"></span>i\u00f3n a largo p<span class=\"_ _3\"></span>lazo <span class=\"ls39\">y </span>o<span class=\"_ _3\"></span>tros compromisos El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>aprob\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2024 tr<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>planes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>incentivo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dirigidos <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _3\"></span>empl<span class=\"_ _3\"></span>eados <span class=\"_ _3\"></span>clave<span class=\"_ _3\"></span> ligados <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>Celulosa <span class=\"_ _f\"></span>Moldeada, <span class=\"_ _3\"></span>Biog\u00e1s <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>Calor <span class=\"_ _3\"></span>Indus<span class=\"_ _3\"></span>trial. <span class=\"_ _f\"></span>Los <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>tienen <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>duraci\u00f3n <span class=\"_ _f\"></span>de 4,5 a\u00f1os, se liquidan en ef<span class=\"_ _2\"></span>ectivo, y su consecuci\u00f3n est\u00e1 condicionada al cumplimiento de una serie <span class=\"_ _2\"></span>de objetivos ligados al desar<span class=\"_ _3\"></span>rollo de dicho<span class=\"_ _3\"></span>s negocios. Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2021 <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plan<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incentivo <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>largo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plaz<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>dirigido<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a  determinados<span class=\"_ _3\"></span> empleados <span class=\"_ _10\"></span>clave <span class=\"_ _10\"></span>ligados <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>Renovables. <span class=\"_ _10\"> </span>El <span class=\"_ _10\"></span>plan <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"> </span>una <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>5 <span class=\"_ _0\"></span>a\u00f1os, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>liquida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>as\u00ed <span class=\"_ _19\"> </span>mismo <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>consecuci\u00f3n <span class=\"_ _19\"> </span>est\u00e1 <span class=\"_ _19\"> </span>condicionada <span class=\"_ _16\"> </span>al <span class=\"_ _19\"> </span>cumplimiento <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>determinados <span class=\"_ _19\"> </span>objetivos financieros y n<span class=\"_ _3\"></span>o financieros. De <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>previsto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Celulosa, <span class=\"_ _f\"></span>S.A. <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>el periodo 2019-2023, <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>procedi\u00f3 a <span class=\"_ _d\"></span>la liquidaci\u00f3n del <span class=\"_ _d\"></span>Ciclo <span class=\"_ _2\"></span>II <span class=\"_ _2\"></span>del citado <span class=\"_ _2\"></span>Plan, <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>ha supuso la liquidaci\u00f3n, d<span class=\"_ _3\"></span>espu\u00e9s de impuestos, d<span class=\"_ _3\"></span>e 236 miles \u20ac y 95 miles acciones d<span class=\"_ _3\"></span>e ENCE.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _f\"></span>24 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>marzo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>20<span class=\"_ _3\"></span>22 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Cons<span class=\"_ _3\"></span>ejo <span class=\"_ _f\"></span>Ad<span class=\"_ _3\"></span>ministraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Mag<span class=\"_ _3\"></span>non <span class=\"_ _f\"></span>Green <span class=\"_ _f\"></span>Energy, <span class=\"_ _f\"></span>S.L., <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _2\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _2\"></span>iciarios percibir <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>extraordinaria <span class=\"_ _3\"></span>pagadera <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>met\u00e1lico <span class=\"_ _3\"></span>y v<span class=\"_ _3\"></span>inculada <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>rentabilidad <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>los<span class=\"_ _65\"> </span>accionistas <span class=\"_ _3\"></span>entre el <span class=\"_ _3\"></span>18 de <span class=\"_ _3\"></span>diciembre de 2<span class=\"_ _3\"></span>020 y <span class=\"_ _3\"></span>el 18 de <span class=\"_ _3\"></span>diciembre d<span class=\"_ _3\"></span>e 2028. <span class=\"_ _3\"></span>Son requis<span class=\"_ _3\"></span>itos par<span class=\"_ _3\"></span>a su d<span class=\"_ _3\"></span>evengo la <span class=\"_ _13\"> </span>consecuci\u00f3n  de <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>tasa <span class=\"_ _13\"> </span>interna <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>rentabilidad <span class=\"_ _13\"> </span>(TIR) <span class=\"_ _10\"> </span>m\u00ednima  para <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>accionista <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>10%, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>el beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la  fecha <span class=\"_ _13\"> </span>de  pago,  con  las salvedades h<span class=\"_ _2\"></span>abituales <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>este <span class=\"_ _2\"></span>tipo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>incentivo<span class=\"_ _3\"></span>s. <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>colectivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>lan <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>diciembre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>lo <span class=\"_ _d\"></span>forman<span class=\"_ _3\"></span> 4 person<span class=\"_ _3\"></span>as, y el <span class=\"_ _3\"></span>coste m\u00e1ximo <span class=\"_ _3\"></span>previsto, cons<span class=\"_ _3\"></span>iderando un <span class=\"_ _3\"></span>grado de consecuci\u00f3n <span class=\"_ _3\"></span>del 100%, <span class=\"_ _3\"></span>asciende <span class=\"_ _f\"></span><span class=\"ls2a\">a </span>3.749 m<span class=\"ff6\">iles \u20ac.<span class=\"_ _65\"> </span></span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _43\"> </span><span class=\"ff2\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este ep\u00edgrafe <span class=\"_ _2\"></span>del Estado <span class=\"_ _2\"></span>de Resultado consolidado <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>ejercicios 2025 y <span class=\"_ _2\"></span>2024 en <span class=\"_ _2\"></span>los distintos negocios desarrollad<span class=\"_ _3\"></span>os por ENCE es el s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _65\"> </span>31/<span class=\"lsd\">12</span>/2025 31/<span class=\"lsd\">12</span>/2024 Miles de euros Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Servicios exteriores   <span class=\"ls0_1\">124.270    </span>  <span class=\"ls0_1\">77.550    </span>  <span class=\"ls0_1\">200.450    </span>  <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.113    </span>  <span class=\"ls0_1\">3.534    </span>  <span class=\"ls0_1\">12.647    </span>  <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>Tributos    <span class=\"ls0_1\">5.055    </span>  <span class=\"lsd\">14<span class=\"ls0_1\">.</span>711</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">19.767</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.808    </span>  <span class=\"ls0_1\">12.601    </span>  <span class=\"ls0_1\">17.409    </span>Variaci\u00f3n de las provisiones de tr\u00e1fico y otros   <span class=\"ls0_1\">1.392    </span>  <span class=\"lsd\">496   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.888    </span>  <span class=\"lsd\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>Otros gastos no ordinarios de las operaciones (**)   <span class=\"ls0_1\">2.164    </span>  <span class=\"ls0_1\">4.892    </span>  <span class=\"ls0_1\">7.056    </span>  <span class=\"lsd\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">719<span class=\"_ _65\"> </span></span>141.994   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">101.183   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">241.808   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">212.590   <span class=\"ls0_1\"> </span></span>(*) <span class=\"_ _44\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferen<span class=\"_ _2\"></span>cia <span class=\"_ _f\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidad<span class=\"_ _2\"></span>o\u201d <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>202<span class=\"ff3\">5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los </span></span>negocios <span class=\"_ _3\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _3\"></span>Renovable\u201d <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>corresp<span class=\"_ _2\"></span>onde <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>eliminaciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>operaciones <span class=\"_ _3\"></span>ef<span class=\"_ _3\"></span>ectuadas <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>dichos<span class=\"_ _3\"></span> negocios en 2025 <span class=\"ls35\">y 202</span>4 por 1.369 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye, principalmente<span class=\"_ _2\"></span>, deterioro <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>existencias e<span class=\"_ _2\"></span>n concepto d<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>valor neto <span class=\"_ _2\"></span>de re<span class=\"_ _2\"></span>alizaci\u00f3n por <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>de 2.164 <span class=\"_ _2\"></span>miles d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> euros en el Negocio Celulosa y de<span class=\"_ _3\"></span>terioro existencias de 1 proyecto fo<span class=\"_ _3\"></span>tovoltaico por importe de 4.892 miles de euros en el Negocio Renovables (V\u00e9ase nota 20). El <span class=\"_ _2\"></span>Real <span class=\"_ _d\"></span>Decr<span class=\"_ _3\"></span>eto <span class=\"_ _d\"></span>8/<span class=\"_ _3\"></span>2023 <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>adop<span class=\"_ _3\"></span>tan <span class=\"_ _2\"></span>medidas <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _2\"></span>afrontar <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>secuencias <span class=\"_ _2\"></span>econ\u00f3micas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y sociales<span class=\"_ _2\"></span> derivadas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>conflictos <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Ucrania <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>Ori<span class=\"_ _3\"></span>ente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>palia<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ef<span class=\"_ _2\"></span>ectos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>sequ\u00eda, aprobado el 27 de diciembre, recupera el Imp<span class=\"_ _3\"></span>uesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _3\"></span> desde el 1 de <span class=\"_ _f\"></span>enero <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _f\"></span>progresiva, <span class=\"_ _f\"></span>quedan<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>fijado <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>definitivo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>7% <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>parti<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>1 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _f\"></span>de 2024. El coste asociad<span class=\"_ _3\"></span>o a este impuesto s<span class=\"_ _3\"></span>e recoge en el ep\u00edgrafe \u201cTribu<span class=\"_ _3\"></span>tos\u201d.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Servicios exteriores </span></span>El desglose por <span class=\"_ _3\"></span>conceptos del gasto de s<span class=\"_ _3\"></span>ervicios exteriores de los ejercicios 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5 y 2024 es<span class=\"_ _3\"></span> el siguiente: <table class=\"s w34f h19d\" id=\"_b23cbb09-2540-47b1-acc0-b923baa0ba2e\"><tr><td></td><td></td><td class=\"c x3b8 y116d wec haa\"><div class=\"t_1 m0_1 xe8 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3b9 y116d wed haa\"><div class=\"t_1 m0_1 x45 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x34c y116e web h8e\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3ba y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bb y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bc y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x3bd y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3be y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bf y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x3c0 y1170 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c1 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c2 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x3c3 y1170 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c4 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c5 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x34c y1171 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Transportes, fletes y costes comerciales </div></td><td class=\"c x3b8 y1171 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">42.991    </span></div></td><td class=\"c x3c6 y1171 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.440    </span></div></td><td class=\"c x3c7 y1171 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">59.431    </span></div></td><td class=\"c x3b9 y1171 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">45.822    </span></div></td><td class=\"c x3c8 y1171 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.590    </span></div></td><td class=\"c x3c9 y1171 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.412    </span></div></td></tr><tr><td class=\"c x34c y1172 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Suministros (**) </div></td><td class=\"c x3b8 y1172 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.043    </span></div></td><td class=\"c x3c6 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.039    </span></div></td><td class=\"c x3c7 y1172 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.892    </span></div></td><td class=\"c x3b9 y1172 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.786    </span></div></td><td class=\"c x3c8 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.858    </span></div></td><td class=\"c x3c9 y1172 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.454    </span></div></td></tr><tr><td class=\"c x34c y1173 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reparaciones y conservaci\u00f3n </div></td><td class=\"c x3b8 y1173 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.071    </span></div></td><td class=\"c x3c6 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.342    </span></div></td><td class=\"c x3c7 y1173 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">36.413    </span></div></td><td class=\"c x3b9 y1173 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.001    </span></div></td><td class=\"c x3c8 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.534    </span></div></td><td class=\"c x3c9 y1173 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">34.535    </span></div></td></tr><tr><td class=\"c x34c y1174 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de profesionales independientes </div></td><td class=\"c x3b8 y1174 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.978    </span></div></td><td class=\"c x3c6 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.280    </span></div></td><td class=\"c x3c7 y1174 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">14.258    </span></div></td><td class=\"c x3b9 y1174 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.378    </span></div></td><td class=\"c x3c8 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c9 y1174 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.126    </span></div></td></tr><tr><td class=\"c x34c y1175 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Primas de seguros </div></td><td class=\"c x3b8 y1175 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.867    </span></div></td><td class=\"c x3c6 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.126    </span></div></td><td class=\"c x3c7 y1175 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.993    </span></div></td><td class=\"c x3b9 y1175 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.540    </span></div></td><td class=\"c x3c8 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.278    </span></div></td><td class=\"c x3c9 y1175 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.818    </span></div></td></tr><tr><td class=\"c x34c y1176 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios bancarios y similares </div></td><td class=\"c x3b8 y1176 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.515    </span></div></td><td class=\"c x3c6 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.010    </span></div></td><td class=\"c x3c7 y1176 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.489    </span></div></td><td class=\"c x3b9 y1176 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c8 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.179    </span></div></td><td class=\"c x3c9 y1176 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.922    </span></div></td></tr><tr><td class=\"c x34c y1177 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos y c\u00e1nones (Nota 17) </div></td><td class=\"c x3b8 y1177 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">824   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">515   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1177 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.339    </span></div></td><td class=\"c x3b9 y1177 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">542   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">292   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1177 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">834   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y1178 web h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Publicidad, propaganda y relaciones p\u00fablicas  </div></td><td class=\"c x3b8 y1178 wb7 h5c\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.807    </span></div></td><td class=\"c x3c6 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">154   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1178 wef h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.961    </span></div></td><td class=\"c x3b9 y1178 wf0 h5c\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.741    </span></div></td><td class=\"c x3c8 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1178 wba h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.919    </span></div></td></tr><tr><td class=\"c x34c y1179 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de investigaci\u00f3n y desarrollo </div></td><td class=\"c x3b8 y1179 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1179 wee h24\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c7 y1179 wef h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y1179 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1179 wee h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c9 y1179 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y117a web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3b8 y117a wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.929    </span></div></td><td class=\"c x3c6 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">25.644    </span></div></td><td class=\"c x3c7 y117a wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.429    </span></div></td><td class=\"c x3b9 y117a wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.204    </span></div></td><td class=\"c x3c8 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.242    </span></div></td><td class=\"c x3c9 y117a wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.359    </span></div></td></tr><tr><td></td><td class=\"c x3b8 y117b wb7 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">124.270   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">77.550   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y117b wef h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">200.450   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y117b wf0 h24\"><div class=\"t_1 m0_1 x31 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">118.862   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">61.900   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y117b wba h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179.479   <span class=\"ls0_1\"> </span></span></div></td></tr></table>(*) <span class=\"_ _19\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span><span class=\"ff3\">5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los </span></span>N<span class=\"ff6\">egocios \u201cCelulosa\u201d <span class=\"_ _3\"></span>y \u201c<span class=\"_ _3\"></span>Energ\u00eda R<span class=\"_ _3\"></span>enovable\u201d se <span class=\"_ _3\"></span>corresponde co<span class=\"_ _3\"></span>n eliminaciones <span class=\"_ _3\"></span>de o<span class=\"_ _3\"></span>peraciones efectuadas <span class=\"_ _3\"></span>entre d<span class=\"_ _3\"></span>ichos </span>Negocios en 20<span class=\"lsd\">25</span> <span class=\"ls35\">y 202</span>4 por 1.3<span class=\"lsd\">69</span> miles <span class=\"ff6 lsd\">\u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye <span class=\"_ _d\"></span>principalmente l<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>compra <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>importe de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>19.731 <span class=\"ff6\">mil<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>\u20ac<span class=\"ff3\"> <span class=\"_ _2\"></span>(15.788 <span class=\"_ _2\"></span>N <span class=\"_ _2\"></span>Celulosa <span class=\"_ _d\"></span>y 3.853 <span class=\"_ _d\"></span>Negocio </span></span>Renovables) (17.587 en 2024. 14.313 N Celulosa y 3.274 Negocio Renovables).<span class=\"_ _65\"> </span>ENCE <span class=\"_ _2\"></span>tiene <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>seguro de <span class=\"_ _d\"></span>responsabilidad <span class=\"_ _2\"></span>civil <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>cubre <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>to<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>sus <span class=\"_ _d\"></span>administradores y <span class=\"_ _d\"></span>directivos por <span class=\"_ _3\"></span>da\u00f1os <span class=\"_ _f\"></span>ocasionados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>actos <span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>omisiones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cargo. <span class=\"_ _3\"></span>Su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>sido de <span class=\"ls10\">74 </span><span class=\"ff6\">miles \u20ac y<span class=\"_ _3\"></span></span> <span class=\"ls10\">82</span> miles <span class=\"ff6\">\u20ac</span>, resp<span class=\"_ _3\"></span>ectivamente<span class=\"ls13\">.<span class=\"_ _65\"> </span></span>12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Honorarios de auditor\u00eda </span></span>La firm<span class=\"_ _2\"></span>a que ha <span class=\"_ _2\"></span>auditado las cuentas de <span class=\"_ _2\"></span>las sociedades que <span class=\"_ _2\"></span>conforman el Grupo <span class=\"_ _2\"></span>ENCE en 2025 y 2024 ha <span class=\"_ _2\"></span>sido KPMG Auditores, S.L. <span class=\"_ _3\"></span>(v\u00e9ase Anexo I).<span class=\"_ _3\"></span> Durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>honorarios <span class=\"_ _f\"></span>relativos a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>servicios <span class=\"_ _f\"></span>de au<span class=\"_ _3\"></span>ditor\u00eda <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>otros servicios prestad<span class=\"_ _3\"></span>os por el auditor o por empresas<span class=\"_ _3\"></span> vinculadas al au<span class=\"_ _3\"></span>ditor han sido los siguientes:<span class=\"_ _f\"></span><span class=\"ff4 fs4\"> </span> <table class=\"s w351 h19e\" id=\"_c22a1dba-e8e4-4eba-91ce-7813d8f8d41d\"><tr><td class=\"c x227 y117c wf2 had\"><div class=\"t_1 m0_1 x10 h58 y45 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x3ca y117c wa9 had\"><div class=\"t_1 m0_1 xe h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117c wf3 had\"><div class=\"t_1 m0_1 x31 h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117d wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de auditor\u00eda </div></td><td class=\"c x3ca y117d wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">236<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117d wf3 haf\"><div class=\"t_1 m0_1 x50 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">220<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117e wf2 hb0\"><div class=\"t_1 m0_1 x10 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios relacionados con la auditor\u00eda </div></td><td class=\"c x3ca y117e wa9 hb0\"><div class=\"t_1 m0_1 x19 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117e wf3 hb0\"><div class=\"t_1 m0_1 x86 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117f wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3ca y117f wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">118<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117f wf3 haf\"><div class=\"t_1 m0_1 x86 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td></tr></table>Los servicios prestados por el <span class=\"_ _2\"></span>auditor en 2025, relacionados con los servicios de a<span class=\"_ _2\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _15\"> </span>revisi\u00f3n <span class=\"_ _15\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _19\"> </span>ra<span class=\"_ _3\"></span>tios <span class=\"_ _15\"> </span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>atender <span class=\"_ _15\"> </span>a <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>obligacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>recogidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _15\"> </span>de financiaci\u00f3n, <span class=\"_ _3\"></span>servicios d<span class=\"_ _3\"></span>e verificaci\u00f3n d<span class=\"_ _3\"></span>el sistema <span class=\"_ _3\"></span>de control <span class=\"_ _3\"></span>interno <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>informaci\u00f3n financiera <span class=\"_ _3\"></span>y s<span class=\"_ _3\"></span>ervicios de <span class=\"_ _1b\"> </span>revisi\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinadas <span class=\"_ _1b\"> </span>magnitu<span class=\"_ _3\"></span>des <span class=\"_ _1b\"> </span>finan<span class=\"_ _3\"></span>cieras <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _1b\"> </span>acreditar <span class=\"_ _1b\"> </span>la <span class=\"_ _1b\"> </span>condici\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>consumidor electrointensivo <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pago <span class=\"_ _3\"></span>legal <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>arias <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo. <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>el apartado \u201cOt<span class=\"_ _3\"></span>ros servicios\u201d incluye principalmente serv<span class=\"_ _3\"></span>icios de verificaci\u00f3n <span class=\"_ _3\"></span><span class=\"ff3\">d<span class=\"_ _3\"></span>el Informe de<span class=\"_ _3\"></span> Sostenibilidad<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"_ _0\"></span><span class=\"ff2\">Aprovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _3\"></span>amientos\u201d en lo<span class=\"_ _3\"></span>s ejercicios 202</span>5 <span class=\"_ _3\"></span>y 2024 se des<span class=\"_ _3\"></span>glosa en:<table class=\"s w333 h190\" id=\"_524ddec8-54c0-4bc2-80db-0b7448695119\"><tr><td></td><td></td><td class=\"c x35c y1115 wbd h66\"><div class=\"t_1 m0_1 x26 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x35d y1115 wbe h66\"><div class=\"t_1 m0_1 x41 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x35e y1116 wbc h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x35f y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x360 y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x361 y1117 w334 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x363 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x364 y1117 w335 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x35f y1118 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x365 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x366 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1118 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x367 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x368 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x35e y1119 wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x35c y1119 wbf h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">285.135    </span></div></td><td class=\"c x369 y1119 wc0 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.589    </span></div></td><td class=\"c x36a y1119 wc1 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">345.365    </span></div></td><td class=\"c x35d y1119 wc2 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">303.474    </span></div></td><td class=\"c x36b y1119 wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.659    </span></div></td><td class=\"c x36c y1119 wc4 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">352.448    </span></div></td></tr><tr><td class=\"c x1ca y111a w337 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n de existencias de</div></td><td class=\"c x35c y111b wbf h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(5.<span class=\"lsd\">311</span>)    </span></div></td><td class=\"c x369 y111b wc0 h86\"><div class=\"t_1 m0_1 x2f h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.875)    </span></div></td><td class=\"c x36a y111b wc1 h86\"><div class=\"t_1 m0_1 x86 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(10.186)    </span></div></td><td class=\"c x35d y111b wc2 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(7.885)    </span></div></td><td class=\"c x36b y111b wc3 h86\"><div class=\"t_1 m0_1 xc h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(456)    </span></div></td><td class=\"c x36c y111b wc4 h86\"><div class=\"t_1 m0_1 x19 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(8.341)    </span></div></td></tr><tr><td class=\"c x1ca y111c w338 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">materias primas y auxiliares<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x35e y111d wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos externos </div></td><td class=\"c x35c y111d wbf h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">59.722   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x369 y111d wc0 h24\"><div class=\"t_1 m0_1 x11 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.162    </span></div></td><td class=\"c x36a y111d wc1 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">68.884   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x35d y111d wc2 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.941    </span></div></td><td class=\"c x36b y111d wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.155    </span></div></td><td class=\"c x36c y111d wc4 h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.096    </span></div></td></tr><tr><td></td><td class=\"c x35c y111e wbf h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">339.546 <span class=\"ls0_1\"> </span></div></td><td class=\"c x369 y111e wc0 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.876 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36a y111e wc1 h25\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">404.063 <span class=\"ls0_1\"> </span></div></td><td class=\"c x35d y111e wc2 h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">360.530 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36b y111e wc3 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">68.358 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36c y111e wc4 h25\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">425.203 <span class=\"ls0_1\"> </span></div></td></tr></table>(*)  <span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>informac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidado\u201d <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agregaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los negocios <span class=\"_ _f\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _f\"></span>Renovable\u201d <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>eliminaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>efectuadas <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>dichos negocios en 2025 <span class=\"ls35\">y 202</span>4 por 2.359 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y </span>3.685 <span class=\"ff6\">miles \u20ac, respectivamente</span>. En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>incluyen p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes d<span class=\"_ _3\"></span>e adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _3\"></span>de madera, <span class=\"_ _3\"></span>de p<span class=\"_ _3\"></span>roductos qu<span class=\"_ _3\"></span>\u00edmicos, <span class=\"_ _3\"></span>de combustibles  y  de <span class=\"_ _13\"> </span>otros <span class=\"_ _13\"> </span>costes  variables,  as\u00ed <span class=\"_ _13\"> </span>como  cost<span class=\"_ _2\"></span>es  asociados  a <span class=\"_ _13\"> </span>servicios  de <span class=\"_ _13\"> </span>aprovechamiento  y transporte d<span class=\"_ _3\"></span>e madera.<span class=\"_ _65\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Personal </span></span>Los <span class=\"_ _3\"></span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personal <span class=\"_ _f\"></span>incurridos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios 202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>distinto<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>desarro<span class=\"_ _3\"></span>llados <span class=\"_ _3\"></span>por ENCE son<span class=\"_ _3\"></span> los siguientes: <table class=\"s w339 h192\" id=\"_4d209729-eccd-4f1d-8b39-1caca52cd0d8\"><tr><td></td><td></td><td class=\"c x36d y111f wb1 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x36e y111f wc7 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x1c5 y1120 wc5 h9c\"><div class=\"t_1 m0_1 x10 h20 y14e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x36f y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x370 y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x371 y1121 w334 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x372 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x373 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x374 y1121 w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x375 y1122 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x376 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x377 y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y1122 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x379 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x37a y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1c5 y1123 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sueldos y salarios </div></td><td class=\"c x36d y1123 w21 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.880    </span></div></td><td class=\"c x37b y1123 wc8 h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.659    </span></div></td><td class=\"c x37c y1123 wc9 h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.539    </span></div></td><td class=\"c x36e y1123 w18 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.468    </span></div></td><td class=\"c x37d y1123 wca h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.160    </span></div></td><td class=\"c x37e y1123 wcb h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.628    </span></div></td></tr><tr><td class=\"c x1c5 y1124 wc5 h98\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Seguridad Social </div></td><td class=\"c x36d y1124 w21 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.102    </span></div></td><td class=\"c x37b y1124 wc8 h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.230    </span></div></td><td class=\"c x37c y1124 wc9 h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.332    </span></div></td><td class=\"c x36e y1124 w18 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.090    </span></div></td><td class=\"c x37d y1124 wca h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.378    </span></div></td><td class=\"c x37e y1124 wcb h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.468    </span></div></td></tr><tr><td class=\"c x1c5 y1125 wc5 h38\"><div class=\"t_1 m0_1 x10 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aportaci\u00f3n planes pensiones </div></td><td class=\"c x36d y1125 w21 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.537    </span></div></td><td class=\"c x37b y1125 wc8 h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">604   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1125 wc9 h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.141 </div></td><td class=\"c x36e y1125 w18 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.362    </span></div></td><td class=\"c x37d y1125 wca h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">453   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37e y1125 wcb h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.815 </div></td></tr><tr><td class=\"c x1c5 y1126 wc5 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos sociales </div></td><td class=\"c x36d y1126 w21 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.820 </div></td><td class=\"c x37b y1126 wc8 h97\"><div class=\"t_1 m0_1 x58 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">261<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1126 wc9 h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.081 </div></td><td class=\"c x36e y1126 w18 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.791 </div></td><td class=\"c x37d y1126 wca h97\"><div class=\"t_1 m0_1 x15 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">232<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1126 wcb h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.023 </div></td></tr><tr><td></td><td class=\"c x36d y1127 w21 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.339 </div></td><td class=\"c x37b y1127 wc8 h97\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.754 </div></td><td class=\"c x37c y1127 wc9 h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">110.093 </div></td><td class=\"c x36e y1127 w18 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.711 </div></td><td class=\"c x37d y1127 wca h97\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.223 </div></td><td class=\"c x37e y1127 wcb h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">107.934 </div></td></tr><tr><td class=\"c x1c5 y1128 wc5 h9d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Planes retribuci\u00f3n a largo plazo </div></td><td class=\"c x36d y1128 w21 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">71</span>) </div></td><td class=\"c x37b y1128 wc8 h9d\"><div class=\"t_1 m0_1 x14 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">447   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1128 wc9 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">376   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x36e y1128 w18 h9d\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.536 </div></td><td class=\"c x37d y1128 wca h9d\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">485<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1128 wcb h9d\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.021 </div></td></tr><tr><td class=\"c x1c5 y1129 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones </div></td><td class=\"c x36d y1129 w21 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.694 </div></td><td class=\"c x37b y1129 wc8 h72\"><div class=\"t_1 m0_1 x58 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">435<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1129 wc9 h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.129 </div></td><td class=\"c x36e y1129 w18 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.372 </div></td><td class=\"c x37d y1129 wca h72\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">771<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1129 wcb h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.143 </div></td></tr><tr><td class=\"c x1c5 y112a wc5 h86\"><div class=\"t_1 m0_1 x10 h20 y4d6 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos de personal no </div><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ordinarios (Nota 31) </div></td><td class=\"c x36d y112a w21 h86\"><div class=\"t_1 m0_1 x1f h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.998 </div></td><td class=\"c x37b y112a wc8 h86\"><div class=\"t_1 m0_1 x2b h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112a wc9 h86\"><div class=\"t_1 m0_1 x2_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.998    </span></div></td><td class=\"c x36e y112a w18 h86\"><div class=\"t_1 m0_1 x31 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112a wca h86\"><div class=\"t_1 m0_1 x1_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112a wcb h86\"><div class=\"t_1 m0_1 x82 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x36d y112b w21 h38\"><div class=\"t_1 m0_1 x2b h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">110.960<span class=\"ls0_1\"> </span></div></td><td class=\"c x37b y112b wc8 h38\"><div class=\"t_1 m0_1 x22 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">25.636<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112b wc9 h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">136.596<span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y112b w18 h38\"><div class=\"t_1 m0_1 x1f h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.619<span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112b wca h38\"><div class=\"t_1 m0_1 xc7 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">23.479<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112b wcb h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">113.098<span class=\"ls0_1\"> </span></div></td></tr></table>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Datos de plantilla </span></span>La <span class=\"_ _3\"></span>plantilla <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>de los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024, d<span class=\"_ _3\"></span>etallada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>profesional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>sexo, <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la siguiente:<table class=\"s w33a h193\" id=\"_e45e3ea2-50ac-4b86-93ed-212a7bb2da39\"><tr><td></td><td></td><td class=\"c x380 y112c wcc h9f\"><div class=\"t_1 m0_1 xd8 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero Medio de Empleados del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y112e w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y112e wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y112e w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y112e wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y112e w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y112f w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57 </div></td><td class=\"c x383 y112f wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y112f w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78 </div></td><td class=\"c x381 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y112f wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y112f w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1130 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">70<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1130 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1130 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1130 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1130 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">102<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1131 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">68<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1131 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y1131 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">74<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">67<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1131 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x386 y1131 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1132 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">231<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1132 wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">147<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1132 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">378<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">221<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1132 wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">150<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1132 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1133 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1133 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1133 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1133 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1133 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1134 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">334<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1134 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1134 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">387<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1134 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1134 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1135 w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1135 wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1135 w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">97<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1135 wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1135 w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1136 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1136 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1136 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1136 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1136 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\">1</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1137 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">344<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1137 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.30<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">909<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1137 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">336<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1137 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>As\u00ed <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>distribuci\u00f3n de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>plantilla del <span class=\"_ _d\"></span>Grupo al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 y <span class=\"_ _d\"></span>2024, detallada <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>categor\u00eda profesional y s<span class=\"_ _3\"></span>exo, es la siguiente: <table class=\"s w33a h194\" id=\"_d0cb3044-c4a0-413c-ad85-249ebb906d9b\"><tr><td></td><td></td><td class=\"c x380 y1138 wcc h9f\"><div class=\"t_1 m0_1 x12 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de Empleados al cierre del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y113a w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y113a wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y113a w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y113a wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y113a w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y113b w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113b wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113b w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113b wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113b w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">76<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113c w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113c wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35 </div></td><td class=\"c x384 y113c w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113c wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113c w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">109<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113d w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113d wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y113d w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">79<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113d wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x386 y113d w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">58<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113e w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">230<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113e wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">14<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113e w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">217<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113e wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">152<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113e w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">369<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113f w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113f wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113f w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113f wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113f w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1140 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1140 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1140 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1140 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1140 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">363<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1141 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1141 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1141 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1141 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1141 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">82<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1142 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1142 wcf h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1142 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">136<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1142 wd0 h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1142 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1143 w89 h9f\"><div class=\"t_1 m0_1 x3a h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1008<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1143 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1143 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.34<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1143 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">907<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1143 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">338<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1143 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>Al 31 de diciembre de 2025 y<span class=\"_ _3\"></span> 2024 el n\u00famero de emplead<span class=\"_ _3\"></span>os con una dis<span class=\"_ _3\"></span>capacidad superior al 33% es de<span class=\"_ _3\"></span> <span class=\"ls10\">14<span class=\"_ _3\"></span></span> y 11 personas<span class=\"_ _3\"></span>, respectivamente. Por <span class=\"_ _f\"></span>otra <span class=\"_ _f\"></span>parte, <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Consejo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>est\u00e1 <span class=\"_ _f\"></span>conformado <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>13 personas; 8 v<span class=\"_ _3\"></span>arones y 5 mujeres.<span class=\"_ _65\"> </span>11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Plan<span class=\"ls38\">es</span> de retribuci\u00f3n a largo plazo<span class=\"_ _2\"></span> </span></span>Se <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>tinuaci\u00f3n <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>n\u00famero <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>beneficiarios <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>31/12/2025 <span class=\"_ _13\"> </span>as\u00ed <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>compro<span class=\"_ _3\"></span>miso <span class=\"_ _10\"> </span>m\u00e1ximo,<span class=\"_ _3\"></span> asumiendo un gra<span class=\"_ _3\"></span>do de consecuci\u00f3n del 100%, de los<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>lanes de incentiv<span class=\"_ _3\"></span>os a largo plaz<span class=\"_ _3\"></span>o vigentes:<table class=\"s w33b h195\" id=\"_ac945518-8261-425b-bd7d-b042dd2b6549\"><tr><td></td><td></td><td></td><td class=\"c x388 y1144 wd4 ha4\"><div class=\"t_1 m0_1 x41 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste m\u00e1ximo (miles \u20ac)<span class=\"ff2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x389 y1145 w33c h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x38a y1146 wd2 ha5\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP </div></td><td class=\"c x38b y1147 w33d h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficiarios<span class=\"_ _65\"> </span></div></td><td class=\"c x388 y1146 wd5 ha5\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x38c y1146 w44 ha5\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acciones </div></td><td class=\"c x38d y1146 wd6 ha5\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1149 w33e h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-2027 (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x38f y114a wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">83<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114a wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.864 </div></td><td class=\"c x38c y114a w44 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.327 </div></td><td class=\"c x38d y114a wd6 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.191 </div></td></tr><tr><td class=\"c x38a y114b wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa Moldeada </div></td><td class=\"c x38f y114b wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114b wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114b w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114b wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y114c w33f h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x38f y114d wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114d wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td><td class=\"c x38c y114d w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114d wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td></tr><tr><td class=\"c x38a y114e wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biog\u00e1s </div></td><td class=\"c x38f y114e wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x388 y114e wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td><td class=\"c x38c y114e w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114e wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td></tr><tr><td class=\"c x38a y114f wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Calor Industrial </div></td><td class=\"c x38f y114f wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114f wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114f w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114f wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x38f y1150 wd3 h5c\"><div class=\"t_1 m0_1 x1e h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">116<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y1150 wd5 h5c\"><div class=\"t_1 m0_1 x15 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.639<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y1150 w44 h5c\"><div class=\"t_1 m0_1 x22 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.327<span class=\"ls0_1\"> </span></div></td><td class=\"c x38d y1150 wd6 h5c\"><div class=\"t_1 m0_1 x11 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22.966<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _1\"> </span>Se recogen los compromisos<span class=\"_ _3\"></span> vigentes al 31/12/202<span class=\"_ _3\"></span>5 as<span class=\"_ _3\"></span>ociados a los<span class=\"_ _3\"></span> Ciclos I, <span class=\"ls13\">II</span> y III<span class=\"_ _3\"></span> del plan El <span class=\"_ _2\"></span>gasto devengado <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre de <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5 y <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>corresp<span class=\"_ _3\"></span>ondiente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los distintos <span class=\"_ _2\"></span>planes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retribuci\u00f3n, detallado consid<span class=\"_ _3\"></span>erando su contrapar<span class=\"_ _3\"></span>tida, es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w340 h198\" id=\"_062a6762-a028-4c0d-bebb-934aff5a693c\"><tr><td></td><td></td><td class=\"c x390 y1151 wd8 h24\"><div class=\"t_1 m0_1 xd8 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x391 y1151 wda h24\"><div class=\"t_1 m0_1 xcd h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td></td><td class=\"c x392 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de</div></td><td class=\"c x393 y1153 w342 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones<span class=\"_ _65\"> </span></div></td><td class=\"c x394 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de<span class=\"_ _65\"> </span></div></td><td class=\"c x396 y1152 w344 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones a<span class=\"_ _65\"> </span></div></td><td class=\"c x397 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1154 wd7 h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x392 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal</div></td><td class=\"c x398 y1156 w346 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a largo y<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal<span class=\"_ _65\"> </span></div></td><td class=\"c x399 y1155 w348 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">largo y corto</div></td><td class=\"c x39a y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x39b y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)</div></td><td class=\"c x393 y1158 w349 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">corto plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td><td class=\"c x39c y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)<span class=\"_ _65\"> </span></div></td><td class=\"c x39d y1157 w34b h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plazo (Nota 31)</div></td><td class=\"c x39a y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x39e y1159 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 31)<span class=\"_ _65\"> </span></div></td><td class=\"c x39f y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x3a0 y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y115b w34d h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-<span class=\"lsd\">2027<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115c wdb h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(142) </div></td><td class=\"c x3a2 y115c wdc h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x3a3 y115c wdd h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y115c wdf h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.437 </div></td><td class=\"c x3a4 y115c we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">392<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115c we1 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.045 </div></td></tr><tr><td class=\"c x28c y115d wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Celulosa Moldeada </span></div></td><td class=\"c x390 y115d wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115d wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115d wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115d wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115d we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115d we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x1ca y114c w33f h19b\"><div class=\"t_1 m0_1 x1c9 h20 y115e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115f wdb h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115f wdc h5c\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115f wdd h5c\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115f wdf h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115f we0 h5c\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115f we1 h5c\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1160 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Biometano </span></div></td><td class=\"c x390 y1160 wdb h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1160 wdc h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1160 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1160 wdf h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1160 we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1160 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1161 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Calor Industrial </span></div></td><td class=\"c x390 y1161 wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1161 wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1161 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1161 wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1161 we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1161 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x390 y1162 wdb h24\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1162 wdc h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">447<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1162 wdd h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y1162 wdf h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.021<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1162 we0 h24\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">975<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1162 we1 h24\"><div class=\"t_1 m0_1 x41 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.045<span class=\"ls0_1\"> </span></div></td></tr></table>Plan de ince<span class=\"_ _3\"></span>ntivo a largo plazo para el p<span class=\"_ _3\"></span>eriodo 2023<span class=\"_ _3\"></span>-<span class=\"ls10\">2027</span> El <span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e mayo<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2023 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Ordinaria <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Accionistas<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> Dom<span class=\"_ _3\"></span>inante <span class=\"_ _f\"></span><span class=\"ff6\">apro<span class=\"_ _3\"></span>b\u00f3 <span class=\"_ _3\"></span>el \u201cPlan<span class=\"_ _3\"></span> </span>de incentivo<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>2023-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _3\"></span>dirigido a<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>irectivos, i<span class=\"_ _3\"></span>ncluido <span class=\"_ _3\"></span>el Presidente <span class=\"_ _3\"></span>y Con<span class=\"_ _3\"></span>sejero <span class=\"_ _3\"></span>Delegado d<span class=\"_ _3\"></span>e la Sociedad, y otro<span class=\"_ _3\"></span>s empleados del Grupo<span class=\"_ _3\"></span> Ence (el \u201cPlan\u201d). <span class=\"_ _3\"></span><span class=\"ff3\"> </span>El Plan tiene un<span class=\"_ _3\"></span>a duraci\u00f3n de <span class=\"_ _3\"></span>5 a\u00f1os, es<span class=\"_ _3\"></span>to es, desde el 1/1/2023 h<span class=\"_ _3\"></span>asta el 31/12/<span class=\"_ _3\"></span>2027 y se d<span class=\"_ _3\"></span>ivid<span class=\"_ _3\"></span>e en 3 ci<span class=\"_ _3\"></span>clos anuales <span class=\"_ _10\"></span>solapados <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>3 <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ellos<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>independientes <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>s\u00ed, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _3\"></span>idar\u00e1n dentro <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>90 <span class=\"_ _d\"></span>d\u00edas <span class=\"_ _2\"></span>siguientes <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>\u00faltimo <span class=\"_ _2\"></span>a\u00f1o <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>ciclo<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _d\"></span><span class=\"ls0_1\"> <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>ciclo <span class=\"_ _2\"></span>I <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Plan <span class=\"_ _d\"></span>representa<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>un <span class=\"_ _d\"></span>60% <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _3\"></span> II y III representan un<span class=\"_ _3\"></span> 20% cada uno del incentivo to<span class=\"_ _3\"></span>tal.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>incentivo <span class=\"_ _f\"></span>de cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>estar\u00e1 <span class=\"_ _3\"></span>condicionado <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cumplimiento <span class=\"_ _f\"></span>de d<span class=\"_ _3\"></span>eterminados <span class=\"_ _3\"></span>objetiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>financieros, <span class=\"_ _f\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _13\"> </span>valor  para  el  accionista,  ap<span class=\"_ _2\"></span>robados<span class=\"_ _3\"></span>  por  e<span class=\"_ _2\"></span>l  Consejo  de <span class=\"_ _13\"> </span>Administraci\u00f3n  a propuesta d<span class=\"_ _3\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"_ _3\"></span> y Retribu<span class=\"_ _3\"></span>ciones.  El incentivo considerado en este Plan consiste en <span class=\"_ _2\"></span>un % de la <span class=\"_ _2\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _f\"></span>profesional <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>eneficiario, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>liquida <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>un 30% <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>efectivo, <span class=\"_ _f\"></span>excepto <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>miembros <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Comit\u00e9 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Direcci\u00f3n <span class=\"_ _f\"></span>cuya <span class=\"_ _f\"></span>liquidaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>100% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones. <span class=\"_ _10\"></span>El<span class=\"_ _65\"> </span>Presidente y <span class=\"_ _2\"></span>Consejero Delegado y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>resto de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>iembros del <span class=\"_ _2\"></span>Comit\u00e9 <span class=\"_ _2\"></span>de Direcci\u00f3n <span class=\"_ _2\"></span>asumen determinados compromisos de mantenim<span class=\"_ _3\"></span>iento de las<span class=\"_ _3\"></span> acciones recibidas.<span class=\"_ _3\"></span>  El <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de accion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>entregar se <span class=\"_ _3\"></span>determinar\u00e1 <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e referencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _3\"></span>de ENCE <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cotizaci\u00f3n <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>en los <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>d\u00edas <span class=\"_ _3\"></span>anteriores <span class=\"_ _3\"></span>y pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>al 31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre de <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ciclo.<span class=\"_ _2\"></span> El <span class=\"_ _f\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>siderar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _f\"></span><span class=\"lsf\">ciclo<span class=\"_ _3\"></span></span>s <span class=\"_ _f\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>3,24 <span class=\"_ _0\"></span>\u20ac/acci\u00f3n</span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">2,86 <span class=\"_ _f\"></span>\u20ac<span class=\"_ _3\"></span>/acci\u00f3n, <span class=\"_ _0\"></span></span><span class=\"ls17\">y <span class=\"_ _f\"></span></span>3,1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">\u20ac/acci\u00f3n, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _0\"></span>ciclos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span>81, <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>personas<span class=\"ls19\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _13\"> </span>coste  m\u00e1ximo  previsto  en <span class=\"_ _13\"> </span>su conjunto,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>considerando <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>grado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>100%<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>asciende <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>aproximad<span class=\"_ _3\"></span>amente <span class=\"_ _3\"></span>18,2 <span class=\"_ _f\"></span>millon<span class=\"ff6\">es <span class=\"_ _3\"></span>\u20ac</span> (2,8 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _3\"></span>ectivo y </span>4,9 millones d<span class=\"_ _3\"></span>e acciones)<span class=\"ls13\">. <span class=\"_ _3\"></span></span> Otros planes de retribuc<span class=\"_ _3\"></span>i\u00f3n a largo p<span class=\"_ _3\"></span>lazo <span class=\"ls39\">y </span>o<span class=\"_ _3\"></span>tros compromisos El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>aprob\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2024 tr<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>planes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>incentivo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dirigidos <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _3\"></span>empl<span class=\"_ _3\"></span>eados <span class=\"_ _3\"></span>clave<span class=\"_ _3\"></span> ligados <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>Celulosa <span class=\"_ _f\"></span>Moldeada, <span class=\"_ _3\"></span>Biog\u00e1s <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>Calor <span class=\"_ _3\"></span>Indus<span class=\"_ _3\"></span>trial. <span class=\"_ _f\"></span>Los <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>tienen <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>duraci\u00f3n <span class=\"_ _f\"></span>de 4,5 a\u00f1os, se liquidan en ef<span class=\"_ _2\"></span>ectivo, y su consecuci\u00f3n est\u00e1 condicionada al cumplimiento de una serie <span class=\"_ _2\"></span>de objetivos ligados al desar<span class=\"_ _3\"></span>rollo de dicho<span class=\"_ _3\"></span>s negocios. Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2021 <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plan<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incentivo <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>largo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plaz<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>dirigido<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a  determinados<span class=\"_ _3\"></span> empleados <span class=\"_ _10\"></span>clave <span class=\"_ _10\"></span>ligados <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>Renovables. <span class=\"_ _10\"> </span>El <span class=\"_ _10\"></span>plan <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"> </span>una <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>5 <span class=\"_ _0\"></span>a\u00f1os, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>liquida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>as\u00ed <span class=\"_ _19\"> </span>mismo <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>consecuci\u00f3n <span class=\"_ _19\"> </span>est\u00e1 <span class=\"_ _19\"> </span>condicionada <span class=\"_ _16\"> </span>al <span class=\"_ _19\"> </span>cumplimiento <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>determinados <span class=\"_ _19\"> </span>objetivos financieros y n<span class=\"_ _3\"></span>o financieros. De <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>previsto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Celulosa, <span class=\"_ _f\"></span>S.A. <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>el periodo 2019-2023, <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>procedi\u00f3 a <span class=\"_ _d\"></span>la liquidaci\u00f3n del <span class=\"_ _d\"></span>Ciclo <span class=\"_ _2\"></span>II <span class=\"_ _2\"></span>del citado <span class=\"_ _2\"></span>Plan, <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>ha supuso la liquidaci\u00f3n, d<span class=\"_ _3\"></span>espu\u00e9s de impuestos, d<span class=\"_ _3\"></span>e 236 miles \u20ac y 95 miles acciones d<span class=\"_ _3\"></span>e ENCE.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _f\"></span>24 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>marzo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>20<span class=\"_ _3\"></span>22 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Cons<span class=\"_ _3\"></span>ejo <span class=\"_ _f\"></span>Ad<span class=\"_ _3\"></span>ministraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Mag<span class=\"_ _3\"></span>non <span class=\"_ _f\"></span>Green <span class=\"_ _f\"></span>Energy, <span class=\"_ _f\"></span>S.L., <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _2\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _2\"></span>iciarios percibir <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>extraordinaria <span class=\"_ _3\"></span>pagadera <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>met\u00e1lico <span class=\"_ _3\"></span>y v<span class=\"_ _3\"></span>inculada <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>rentabilidad <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>los<span class=\"_ _65\"> </span>accionistas <span class=\"_ _3\"></span>entre el <span class=\"_ _3\"></span>18 de <span class=\"_ _3\"></span>diciembre de 2<span class=\"_ _3\"></span>020 y <span class=\"_ _3\"></span>el 18 de <span class=\"_ _3\"></span>diciembre d<span class=\"_ _3\"></span>e 2028. <span class=\"_ _3\"></span>Son requis<span class=\"_ _3\"></span>itos par<span class=\"_ _3\"></span>a su d<span class=\"_ _3\"></span>evengo la <span class=\"_ _13\"> </span>consecuci\u00f3n  de <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>tasa <span class=\"_ _13\"> </span>interna <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>rentabilidad <span class=\"_ _13\"> </span>(TIR) <span class=\"_ _10\"> </span>m\u00ednima  para <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>accionista <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>10%, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>el beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la  fecha <span class=\"_ _13\"> </span>de  pago,  con  las salvedades h<span class=\"_ _2\"></span>abituales <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>este <span class=\"_ _2\"></span>tipo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>incentivo<span class=\"_ _3\"></span>s. <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>colectivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>lan <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>diciembre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>lo <span class=\"_ _d\"></span>forman<span class=\"_ _3\"></span> 4 person<span class=\"_ _3\"></span>as, y el <span class=\"_ _3\"></span>coste m\u00e1ximo <span class=\"_ _3\"></span>previsto, cons<span class=\"_ _3\"></span>iderando un <span class=\"_ _3\"></span>grado de consecuci\u00f3n <span class=\"_ _3\"></span>del 100%, <span class=\"_ _3\"></span>asciende <span class=\"_ _f\"></span><span class=\"ls2a\">a </span>3.749 m<span class=\"ff6\">iles \u20ac.<span class=\"_ _65\"> </span></span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _43\"> </span><span class=\"ff2\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este ep\u00edgrafe <span class=\"_ _2\"></span>del Estado <span class=\"_ _2\"></span>de Resultado consolidado <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>ejercicios 2025 y <span class=\"_ _2\"></span>2024 en <span class=\"_ _2\"></span>los distintos negocios desarrollad<span class=\"_ _3\"></span>os por ENCE es el s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _65\"> </span>31/<span class=\"lsd\">12</span>/2025 31/<span class=\"lsd\">12</span>/2024 Miles de euros Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Servicios exteriores   <span class=\"ls0_1\">124.270    </span>  <span class=\"ls0_1\">77.550    </span>  <span class=\"ls0_1\">200.450    </span>  <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.113    </span>  <span class=\"ls0_1\">3.534    </span>  <span class=\"ls0_1\">12.647    </span>  <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>Tributos    <span class=\"ls0_1\">5.055    </span>  <span class=\"lsd\">14<span class=\"ls0_1\">.</span>711</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">19.767</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.808    </span>  <span class=\"ls0_1\">12.601    </span>  <span class=\"ls0_1\">17.409    </span>Variaci\u00f3n de las provisiones de tr\u00e1fico y otros   <span class=\"ls0_1\">1.392    </span>  <span class=\"lsd\">496   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.888    </span>  <span class=\"lsd\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>Otros gastos no ordinarios de las operaciones (**)   <span class=\"ls0_1\">2.164    </span>  <span class=\"ls0_1\">4.892    </span>  <span class=\"ls0_1\">7.056    </span>  <span class=\"lsd\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">719<span class=\"_ _65\"> </span></span>141.994   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">101.183   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">241.808   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">212.590   <span class=\"ls0_1\"> </span></span>(*) <span class=\"_ _44\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferen<span class=\"_ _2\"></span>cia <span class=\"_ _f\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidad<span class=\"_ _2\"></span>o\u201d <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>202<span class=\"ff3\">5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los </span></span>negocios <span class=\"_ _3\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _3\"></span>Renovable\u201d <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>corresp<span class=\"_ _2\"></span>onde <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>eliminaciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>operaciones <span class=\"_ _3\"></span>ef<span class=\"_ _3\"></span>ectuadas <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>dichos<span class=\"_ _3\"></span> negocios en 2025 <span class=\"ls35\">y 202</span>4 por 1.369 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye, principalmente<span class=\"_ _2\"></span>, deterioro <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>existencias e<span class=\"_ _2\"></span>n concepto d<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>valor neto <span class=\"_ _2\"></span>de re<span class=\"_ _2\"></span>alizaci\u00f3n por <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>de 2.164 <span class=\"_ _2\"></span>miles d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> euros en el Negocio Celulosa y de<span class=\"_ _3\"></span>terioro existencias de 1 proyecto fo<span class=\"_ _3\"></span>tovoltaico por importe de 4.892 miles de euros en el Negocio Renovables (V\u00e9ase nota 20). El <span class=\"_ _2\"></span>Real <span class=\"_ _d\"></span>Decr<span class=\"_ _3\"></span>eto <span class=\"_ _d\"></span>8/<span class=\"_ _3\"></span>2023 <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>adop<span class=\"_ _3\"></span>tan <span class=\"_ _2\"></span>medidas <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _2\"></span>afrontar <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>secuencias <span class=\"_ _2\"></span>econ\u00f3micas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y sociales<span class=\"_ _2\"></span> derivadas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>conflictos <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Ucrania <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>Ori<span class=\"_ _3\"></span>ente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>palia<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ef<span class=\"_ _2\"></span>ectos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>sequ\u00eda, aprobado el 27 de diciembre, recupera el Imp<span class=\"_ _3\"></span>uesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _3\"></span> desde el 1 de <span class=\"_ _f\"></span>enero <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _f\"></span>progresiva, <span class=\"_ _f\"></span>quedan<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>fijado <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>definitivo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>7% <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>parti<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>1 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _f\"></span>de 2024. El coste asociad<span class=\"_ _3\"></span>o a este impuesto s<span class=\"_ _3\"></span>e recoge en el ep\u00edgrafe \u201cTribu<span class=\"_ _3\"></span>tos\u201d.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Servicios exteriores </span></span>El desglose por <span class=\"_ _3\"></span>conceptos del gasto de s<span class=\"_ _3\"></span>ervicios exteriores de los ejercicios 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5 y 2024 es<span class=\"_ _3\"></span> el siguiente: <table class=\"s w34f h19d\" id=\"_b23cbb09-2540-47b1-acc0-b923baa0ba2e\"><tr><td></td><td></td><td class=\"c x3b8 y116d wec haa\"><div class=\"t_1 m0_1 xe8 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3b9 y116d wed haa\"><div class=\"t_1 m0_1 x45 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x34c y116e web h8e\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3ba y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bb y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bc y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x3bd y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3be y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bf y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x3c0 y1170 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c1 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c2 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x3c3 y1170 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c4 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c5 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x34c y1171 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Transportes, fletes y costes comerciales </div></td><td class=\"c x3b8 y1171 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">42.991    </span></div></td><td class=\"c x3c6 y1171 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.440    </span></div></td><td class=\"c x3c7 y1171 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">59.431    </span></div></td><td class=\"c x3b9 y1171 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">45.822    </span></div></td><td class=\"c x3c8 y1171 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.590    </span></div></td><td class=\"c x3c9 y1171 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.412    </span></div></td></tr><tr><td class=\"c x34c y1172 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Suministros (**) </div></td><td class=\"c x3b8 y1172 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.043    </span></div></td><td class=\"c x3c6 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.039    </span></div></td><td class=\"c x3c7 y1172 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.892    </span></div></td><td class=\"c x3b9 y1172 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.786    </span></div></td><td class=\"c x3c8 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.858    </span></div></td><td class=\"c x3c9 y1172 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.454    </span></div></td></tr><tr><td class=\"c x34c y1173 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reparaciones y conservaci\u00f3n </div></td><td class=\"c x3b8 y1173 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.071    </span></div></td><td class=\"c x3c6 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.342    </span></div></td><td class=\"c x3c7 y1173 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">36.413    </span></div></td><td class=\"c x3b9 y1173 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.001    </span></div></td><td class=\"c x3c8 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.534    </span></div></td><td class=\"c x3c9 y1173 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">34.535    </span></div></td></tr><tr><td class=\"c x34c y1174 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de profesionales independientes </div></td><td class=\"c x3b8 y1174 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.978    </span></div></td><td class=\"c x3c6 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.280    </span></div></td><td class=\"c x3c7 y1174 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">14.258    </span></div></td><td class=\"c x3b9 y1174 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.378    </span></div></td><td class=\"c x3c8 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c9 y1174 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.126    </span></div></td></tr><tr><td class=\"c x34c y1175 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Primas de seguros </div></td><td class=\"c x3b8 y1175 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.867    </span></div></td><td class=\"c x3c6 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.126    </span></div></td><td class=\"c x3c7 y1175 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.993    </span></div></td><td class=\"c x3b9 y1175 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.540    </span></div></td><td class=\"c x3c8 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.278    </span></div></td><td class=\"c x3c9 y1175 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.818    </span></div></td></tr><tr><td class=\"c x34c y1176 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios bancarios y similares </div></td><td class=\"c x3b8 y1176 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.515    </span></div></td><td class=\"c x3c6 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.010    </span></div></td><td class=\"c x3c7 y1176 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.489    </span></div></td><td class=\"c x3b9 y1176 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c8 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.179    </span></div></td><td class=\"c x3c9 y1176 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.922    </span></div></td></tr><tr><td class=\"c x34c y1177 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos y c\u00e1nones (Nota 17) </div></td><td class=\"c x3b8 y1177 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">824   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">515   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1177 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.339    </span></div></td><td class=\"c x3b9 y1177 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">542   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">292   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1177 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">834   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y1178 web h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Publicidad, propaganda y relaciones p\u00fablicas  </div></td><td class=\"c x3b8 y1178 wb7 h5c\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.807    </span></div></td><td class=\"c x3c6 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">154   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1178 wef h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.961    </span></div></td><td class=\"c x3b9 y1178 wf0 h5c\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.741    </span></div></td><td class=\"c x3c8 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1178 wba h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.919    </span></div></td></tr><tr><td class=\"c x34c y1179 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de investigaci\u00f3n y desarrollo </div></td><td class=\"c x3b8 y1179 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1179 wee h24\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c7 y1179 wef h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y1179 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1179 wee h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c9 y1179 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y117a web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3b8 y117a wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.929    </span></div></td><td class=\"c x3c6 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">25.644    </span></div></td><td class=\"c x3c7 y117a wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.429    </span></div></td><td class=\"c x3b9 y117a wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.204    </span></div></td><td class=\"c x3c8 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.242    </span></div></td><td class=\"c x3c9 y117a wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.359    </span></div></td></tr><tr><td></td><td class=\"c x3b8 y117b wb7 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">124.270   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">77.550   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y117b wef h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">200.450   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y117b wf0 h24\"><div class=\"t_1 m0_1 x31 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">118.862   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">61.900   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y117b wba h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179.479   <span class=\"ls0_1\"> </span></span></div></td></tr></table>(*) <span class=\"_ _19\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span><span class=\"ff3\">5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los </span></span>N<span class=\"ff6\">egocios \u201cCelulosa\u201d <span class=\"_ _3\"></span>y \u201c<span class=\"_ _3\"></span>Energ\u00eda R<span class=\"_ _3\"></span>enovable\u201d se <span class=\"_ _3\"></span>corresponde co<span class=\"_ _3\"></span>n eliminaciones <span class=\"_ _3\"></span>de o<span class=\"_ _3\"></span>peraciones efectuadas <span class=\"_ _3\"></span>entre d<span class=\"_ _3\"></span>ichos </span>Negocios en 20<span class=\"lsd\">25</span> <span class=\"ls35\">y 202</span>4 por 1.3<span class=\"lsd\">69</span> miles <span class=\"ff6 lsd\">\u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye <span class=\"_ _d\"></span>principalmente l<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>compra <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>importe de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>19.731 <span class=\"ff6\">mil<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>\u20ac<span class=\"ff3\"> <span class=\"_ _2\"></span>(15.788 <span class=\"_ _2\"></span>N <span class=\"_ _2\"></span>Celulosa <span class=\"_ _d\"></span>y 3.853 <span class=\"_ _d\"></span>Negocio </span></span>Renovables) (17.587 en 2024. 14.313 N Celulosa y 3.274 Negocio Renovables).<span class=\"_ _65\"> </span>ENCE <span class=\"_ _2\"></span>tiene <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>seguro de <span class=\"_ _d\"></span>responsabilidad <span class=\"_ _2\"></span>civil <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>cubre <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>to<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>sus <span class=\"_ _d\"></span>administradores y <span class=\"_ _d\"></span>directivos por <span class=\"_ _3\"></span>da\u00f1os <span class=\"_ _f\"></span>ocasionados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>actos <span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>omisiones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cargo. <span class=\"_ _3\"></span>Su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>sido de <span class=\"ls10\">74 </span><span class=\"ff6\">miles \u20ac y<span class=\"_ _3\"></span></span> <span class=\"ls10\">82</span> miles <span class=\"ff6\">\u20ac</span>, resp<span class=\"_ _3\"></span>ectivamente<span class=\"ls13\">.<span class=\"_ _65\"> </span></span>12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Honorarios de auditor\u00eda </span></span>La firm<span class=\"_ _2\"></span>a que ha <span class=\"_ _2\"></span>auditado las cuentas de <span class=\"_ _2\"></span>las sociedades que <span class=\"_ _2\"></span>conforman el Grupo <span class=\"_ _2\"></span>ENCE en 2025 y 2024 ha <span class=\"_ _2\"></span>sido KPMG Auditores, S.L. <span class=\"_ _3\"></span>(v\u00e9ase Anexo I).<span class=\"_ _3\"></span> Durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>honorarios <span class=\"_ _f\"></span>relativos a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>servicios <span class=\"_ _f\"></span>de au<span class=\"_ _3\"></span>ditor\u00eda <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>otros servicios prestad<span class=\"_ _3\"></span>os por el auditor o por empresas<span class=\"_ _3\"></span> vinculadas al au<span class=\"_ _3\"></span>ditor han sido los siguientes:<span class=\"_ _f\"></span><span class=\"ff4 fs4\"> </span> <table class=\"s w351 h19e\" id=\"_c22a1dba-e8e4-4eba-91ce-7813d8f8d41d\"><tr><td class=\"c x227 y117c wf2 had\"><div class=\"t_1 m0_1 x10 h58 y45 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x3ca y117c wa9 had\"><div class=\"t_1 m0_1 xe h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117c wf3 had\"><div class=\"t_1 m0_1 x31 h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117d wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de auditor\u00eda </div></td><td class=\"c x3ca y117d wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">236<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117d wf3 haf\"><div class=\"t_1 m0_1 x50 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">220<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117e wf2 hb0\"><div class=\"t_1 m0_1 x10 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios relacionados con la auditor\u00eda </div></td><td class=\"c x3ca y117e wa9 hb0\"><div class=\"t_1 m0_1 x19 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117e wf3 hb0\"><div class=\"t_1 m0_1 x86 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117f wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3ca y117f wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">118<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117f wf3 haf\"><div class=\"t_1 m0_1 x86 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td></tr></table>Los servicios prestados por el <span class=\"_ _2\"></span>auditor en 2025, relacionados con los servicios de a<span class=\"_ _2\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _15\"> </span>revisi\u00f3n <span class=\"_ _15\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _19\"> </span>ra<span class=\"_ _3\"></span>tios <span class=\"_ _15\"> </span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>atender <span class=\"_ _15\"> </span>a <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>obligacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>recogidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _15\"> </span>de financiaci\u00f3n, <span class=\"_ _3\"></span>servicios d<span class=\"_ _3\"></span>e verificaci\u00f3n d<span class=\"_ _3\"></span>el sistema <span class=\"_ _3\"></span>de control <span class=\"_ _3\"></span>interno <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>informaci\u00f3n financiera <span class=\"_ _3\"></span>y s<span class=\"_ _3\"></span>ervicios de <span class=\"_ _1b\"> </span>revisi\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinadas <span class=\"_ _1b\"> </span>magnitu<span class=\"_ _3\"></span>des <span class=\"_ _1b\"> </span>finan<span class=\"_ _3\"></span>cieras <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _1b\"> </span>acreditar <span class=\"_ _1b\"> </span>la <span class=\"_ _1b\"> </span>condici\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>consumidor electrointensivo <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pago <span class=\"_ _3\"></span>legal <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>arias <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo. <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>el apartado \u201cOt<span class=\"_ _3\"></span>ros servicios\u201d incluye principalmente serv<span class=\"_ _3\"></span>icios de verificaci\u00f3n <span class=\"_ _3\"></span><span class=\"ff3\">d<span class=\"_ _3\"></span>el Informe de<span class=\"_ _3\"></span> Sostenibilidad<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span></span>13.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Gastos e ingresos financieros </span></span>El <span class=\"_ _f\"></span>detalle <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _0\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _f\"></span>Consolidado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _f\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>como sigue:<table class=\"s w352 h19f\" id=\"_baa655d5-36f8-479d-be34-13a9dd261481\"><tr><td></td><td></td><td class=\"c x3cd y1180 wf6 h24\"><div class=\"t_1 m0_1 xb6 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3ce y1180 wf8 h24\"><div class=\"t_1 m0_1 x99 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x3cf y1181 wf5 hb2\"><div class=\"t_1 m0_1 x10 h20 yb7 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3d0 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d1 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3d2 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d3 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3d4 y1183 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d5 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d6 y1181 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x3d2 y1183 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d7 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d8 y1181 wfc h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1184 w353 h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones / Notas</div></td><td class=\"c x3cd y1185 wf9 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y1185 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1185 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y1185 w4b h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3da y1185 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.399)    </span></div></td><td class=\"c x3d8 y1185 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.399)    </span></div></td></tr><tr><td class=\"c x3cf y1186 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros </div></td><td class=\"c x3cd y1186 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(17.799)    </span></div></td><td class=\"c x3d9 y1186 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(9.414)    </span></div></td><td class=\"c x3d6 y1186 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.213)    </span></div></td><td class=\"c x3ce y1186 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(22.741)    </span></div></td><td class=\"c x3da y1186 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(6.926)    </span></div></td><td class=\"c x3d8 y1186 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(29.667)    </span></div></td></tr><tr><td class=\"c x3cf y1187 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera Vajdm (Nota 29) </div></td><td class=\"c x3cd y1187 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.699)    </span></div></td><td class=\"c x3d9 y1187 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.939)    </span></div></td><td class=\"c x3d6 y1187 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(5.638)    </span></div></td><td class=\"c x3ce y1187 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.053)    </span></div></td><td class=\"c x3da y1187 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.001)    </span></div></td><td class=\"c x3d8 y1187 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.054)    </span></div></td></tr><tr><td class=\"c x3cf y1188 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera de provisiones </div></td><td class=\"c x3cd y1188 wf9 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3d9 y1188 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1188 wfb h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3ce y1188 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td><td class=\"c x3da y1188 w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d8 y1188 wfc h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td></tr><tr><td class=\"c x3cf y1189 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones y otros gastos </div></td><td class=\"c x3cd y1189 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.989)    </span></div></td><td class=\"c x3d9 y1189 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.682)    </span></div></td><td class=\"c x3d6 y1189 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.671)    </span></div></td><td class=\"c x3ce y1189 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(985)    </span></div></td><td class=\"c x3da y1189 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.544)    </span></div></td><td class=\"c x3d8 y1189 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.529)    </span></div></td></tr><tr><td class=\"c x3cf y118a wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero intra-negocio </div></td><td class=\"c x3cd y118a wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.504    </span></div></td><td class=\"c x3d9 y118a wfa h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.504)    </div></td><td class=\"c x3d6 y118a wfb h24\"><div class=\"t_1 m0_1 x99 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x3ce y118a w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.660    </span></div></td><td class=\"c x3da y118a w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.660)    </span></div></td><td class=\"c x3d8 y118a wfc h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3cf y118b wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso sobre activos (Nota 17) </div></td><td class=\"c x3cd y118b wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.633)    </span></div></td><td class=\"c x3d9 y118b wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(198)    </span></div></td><td class=\"c x3d6 y118b wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.831)    </span></div></td><td class=\"c x3ce y118b w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.289)    </span></div></td><td class=\"c x3da y118b w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(141)    </span></div></td><td class=\"c x3d8 y118b wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.433)    </span></div></td></tr><tr><td></td><td class=\"c x3cd y118c wf9 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(24.445)    </span></div></td><td class=\"c x3d9 y118c wfa h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(18.737)    </span></div></td><td class=\"c x3d6 y118c wfb h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(43.182)    </span></div></td><td class=\"c x3ce y118c w4b h5c\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.377)    </span></div></td><td class=\"c x3da y118c w71 h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(19.671)    </span></div></td><td class=\"c x3d8 y118c wfc h5c\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(47.051)    </span></div></td></tr><tr><td class=\"c x1ca y118d w354 h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 27)</div></td><td class=\"c x3cd y118e wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118e wfa h24\"><div class=\"t_1 m0_1 x22 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11<span class=\"ls0_1\">2</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118e wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.679</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118e w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.441    </span></div></td><td class=\"c x3da y118e w71 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">115   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3d8 y118e wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.556    </span></div></td></tr><tr><td class=\"c x3cf y118f wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos financieros </div></td><td class=\"c x3cd y118f wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.1<span class=\"lsd\">89</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118f wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.531</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118f wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.720</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118f w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.507    </span></div></td><td class=\"c x3da y118f w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.153    </span></div></td><td class=\"c x3d8 y118f wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.660    </span></div></td></tr><tr><td class=\"c x3cf y1190 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura- </div></td><td class=\"c x3cd y1191 wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.756    </span></div></td><td class=\"c x3d9 y1191 wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.643    </span></div></td><td class=\"c x3d6 y1191 wfb h24\"><div class=\"t_1 m0_1 x1e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.399    </span></div></td><td class=\"c x3ce y1191 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.948    </span></div></td><td class=\"c x3da y1191 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.268    </span></div></td><td class=\"c x3d8 y1191 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.216    </span></div></td></tr><tr><td class=\"c x3cf y1192 wf5 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span></div></td><td class=\"c x3cd y1192 wf9 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1192 wfa h25\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1192 wfb h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1192 w4b h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1192 w71 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1192 wfc h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1193 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1193 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1193 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1193 w4b h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1193 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1193 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1194 wf9 h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">16.785</span>)    </span></div></td><td class=\"c x3d9 y1194 wfa h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(16.590)    </span></div></td><td class=\"c x3d6 y1194 wfb h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">33.375</span>)    </span></div></td><td class=\"c x3ce y1194 w4b h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(18.592)    </span></div></td><td class=\"c x3da y1194 w71 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(13.827)    </span></div></td><td class=\"c x3d8 y1194 wfc h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(32.419)    </span></div></td></tr></table>La cuenta <span class=\"_ _3\"></span>\u201cOtros <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>financieros\u201d<span class=\"_ _3\"></span> recoge <span class=\"_ _3\"></span>principalmen<span class=\"_ _3\"></span>te la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los exc<span class=\"_ _3\"></span>edentes de<span class=\"_ _3\"></span> tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"_ _0\"></span><span class=\"ff2\">Aprovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _3\"></span>amientos\u201d en lo<span class=\"_ _3\"></span>s ejercicios 202</span>5 <span class=\"_ _3\"></span>y 2024 se des<span class=\"_ _3\"></span>glosa en:<table class=\"s w333 h190\" id=\"_524ddec8-54c0-4bc2-80db-0b7448695119\"><tr><td></td><td></td><td class=\"c x35c y1115 wbd h66\"><div class=\"t_1 m0_1 x26 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x35d y1115 wbe h66\"><div class=\"t_1 m0_1 x41 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x35e y1116 wbc h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x35f y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x360 y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x361 y1117 w334 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x363 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x364 y1117 w335 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x35f y1118 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x365 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x366 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1118 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x367 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x368 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x35e y1119 wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x35c y1119 wbf h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">285.135    </span></div></td><td class=\"c x369 y1119 wc0 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.589    </span></div></td><td class=\"c x36a y1119 wc1 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">345.365    </span></div></td><td class=\"c x35d y1119 wc2 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">303.474    </span></div></td><td class=\"c x36b y1119 wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.659    </span></div></td><td class=\"c x36c y1119 wc4 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">352.448    </span></div></td></tr><tr><td class=\"c x1ca y111a w337 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n de existencias de</div></td><td class=\"c x35c y111b wbf h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(5.<span class=\"lsd\">311</span>)    </span></div></td><td class=\"c x369 y111b wc0 h86\"><div class=\"t_1 m0_1 x2f h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.875)    </span></div></td><td class=\"c x36a y111b wc1 h86\"><div class=\"t_1 m0_1 x86 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(10.186)    </span></div></td><td class=\"c x35d y111b wc2 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(7.885)    </span></div></td><td class=\"c x36b y111b wc3 h86\"><div class=\"t_1 m0_1 xc h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(456)    </span></div></td><td class=\"c x36c y111b wc4 h86\"><div class=\"t_1 m0_1 x19 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(8.341)    </span></div></td></tr><tr><td class=\"c x1ca y111c w338 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">materias primas y auxiliares<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x35e y111d wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos externos </div></td><td class=\"c x35c y111d wbf h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">59.722   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x369 y111d wc0 h24\"><div class=\"t_1 m0_1 x11 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.162    </span></div></td><td class=\"c x36a y111d wc1 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">68.884   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x35d y111d wc2 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.941    </span></div></td><td class=\"c x36b y111d wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.155    </span></div></td><td class=\"c x36c y111d wc4 h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.096    </span></div></td></tr><tr><td></td><td class=\"c x35c y111e wbf h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">339.546 <span class=\"ls0_1\"> </span></div></td><td class=\"c x369 y111e wc0 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.876 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36a y111e wc1 h25\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">404.063 <span class=\"ls0_1\"> </span></div></td><td class=\"c x35d y111e wc2 h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">360.530 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36b y111e wc3 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">68.358 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36c y111e wc4 h25\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">425.203 <span class=\"ls0_1\"> </span></div></td></tr></table>(*)  <span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>informac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidado\u201d <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agregaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los negocios <span class=\"_ _f\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _f\"></span>Renovable\u201d <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>eliminaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>efectuadas <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>dichos negocios en 2025 <span class=\"ls35\">y 202</span>4 por 2.359 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y </span>3.685 <span class=\"ff6\">miles \u20ac, respectivamente</span>. En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>incluyen p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes d<span class=\"_ _3\"></span>e adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _3\"></span>de madera, <span class=\"_ _3\"></span>de p<span class=\"_ _3\"></span>roductos qu<span class=\"_ _3\"></span>\u00edmicos, <span class=\"_ _3\"></span>de combustibles  y  de <span class=\"_ _13\"> </span>otros <span class=\"_ _13\"> </span>costes  variables,  as\u00ed <span class=\"_ _13\"> </span>como  cost<span class=\"_ _2\"></span>es  asociados  a <span class=\"_ _13\"> </span>servicios  de <span class=\"_ _13\"> </span>aprovechamiento  y transporte d<span class=\"_ _3\"></span>e madera.<span class=\"_ _65\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Personal </span></span>Los <span class=\"_ _3\"></span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personal <span class=\"_ _f\"></span>incurridos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios 202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>distinto<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>desarro<span class=\"_ _3\"></span>llados <span class=\"_ _3\"></span>por ENCE son<span class=\"_ _3\"></span> los siguientes: <table class=\"s w339 h192\" id=\"_4d209729-eccd-4f1d-8b39-1caca52cd0d8\"><tr><td></td><td></td><td class=\"c x36d y111f wb1 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x36e y111f wc7 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x1c5 y1120 wc5 h9c\"><div class=\"t_1 m0_1 x10 h20 y14e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x36f y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x370 y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x371 y1121 w334 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x372 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x373 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x374 y1121 w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x375 y1122 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x376 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x377 y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y1122 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x379 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x37a y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1c5 y1123 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sueldos y salarios </div></td><td class=\"c x36d y1123 w21 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.880    </span></div></td><td class=\"c x37b y1123 wc8 h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.659    </span></div></td><td class=\"c x37c y1123 wc9 h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.539    </span></div></td><td class=\"c x36e y1123 w18 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.468    </span></div></td><td class=\"c x37d y1123 wca h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.160    </span></div></td><td class=\"c x37e y1123 wcb h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.628    </span></div></td></tr><tr><td class=\"c x1c5 y1124 wc5 h98\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Seguridad Social </div></td><td class=\"c x36d y1124 w21 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.102    </span></div></td><td class=\"c x37b y1124 wc8 h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.230    </span></div></td><td class=\"c x37c y1124 wc9 h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.332    </span></div></td><td class=\"c x36e y1124 w18 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.090    </span></div></td><td class=\"c x37d y1124 wca h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.378    </span></div></td><td class=\"c x37e y1124 wcb h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.468    </span></div></td></tr><tr><td class=\"c x1c5 y1125 wc5 h38\"><div class=\"t_1 m0_1 x10 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aportaci\u00f3n planes pensiones </div></td><td class=\"c x36d y1125 w21 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.537    </span></div></td><td class=\"c x37b y1125 wc8 h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">604   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1125 wc9 h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.141 </div></td><td class=\"c x36e y1125 w18 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.362    </span></div></td><td class=\"c x37d y1125 wca h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">453   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37e y1125 wcb h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.815 </div></td></tr><tr><td class=\"c x1c5 y1126 wc5 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos sociales </div></td><td class=\"c x36d y1126 w21 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.820 </div></td><td class=\"c x37b y1126 wc8 h97\"><div class=\"t_1 m0_1 x58 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">261<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1126 wc9 h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.081 </div></td><td class=\"c x36e y1126 w18 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.791 </div></td><td class=\"c x37d y1126 wca h97\"><div class=\"t_1 m0_1 x15 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">232<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1126 wcb h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.023 </div></td></tr><tr><td></td><td class=\"c x36d y1127 w21 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.339 </div></td><td class=\"c x37b y1127 wc8 h97\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.754 </div></td><td class=\"c x37c y1127 wc9 h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">110.093 </div></td><td class=\"c x36e y1127 w18 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.711 </div></td><td class=\"c x37d y1127 wca h97\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.223 </div></td><td class=\"c x37e y1127 wcb h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">107.934 </div></td></tr><tr><td class=\"c x1c5 y1128 wc5 h9d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Planes retribuci\u00f3n a largo plazo </div></td><td class=\"c x36d y1128 w21 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">71</span>) </div></td><td class=\"c x37b y1128 wc8 h9d\"><div class=\"t_1 m0_1 x14 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">447   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1128 wc9 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">376   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x36e y1128 w18 h9d\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.536 </div></td><td class=\"c x37d y1128 wca h9d\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">485<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1128 wcb h9d\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.021 </div></td></tr><tr><td class=\"c x1c5 y1129 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones </div></td><td class=\"c x36d y1129 w21 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.694 </div></td><td class=\"c x37b y1129 wc8 h72\"><div class=\"t_1 m0_1 x58 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">435<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1129 wc9 h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.129 </div></td><td class=\"c x36e y1129 w18 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.372 </div></td><td class=\"c x37d y1129 wca h72\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">771<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1129 wcb h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.143 </div></td></tr><tr><td class=\"c x1c5 y112a wc5 h86\"><div class=\"t_1 m0_1 x10 h20 y4d6 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos de personal no </div><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ordinarios (Nota 31) </div></td><td class=\"c x36d y112a w21 h86\"><div class=\"t_1 m0_1 x1f h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.998 </div></td><td class=\"c x37b y112a wc8 h86\"><div class=\"t_1 m0_1 x2b h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112a wc9 h86\"><div class=\"t_1 m0_1 x2_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.998    </span></div></td><td class=\"c x36e y112a w18 h86\"><div class=\"t_1 m0_1 x31 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112a wca h86\"><div class=\"t_1 m0_1 x1_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112a wcb h86\"><div class=\"t_1 m0_1 x82 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x36d y112b w21 h38\"><div class=\"t_1 m0_1 x2b h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">110.960<span class=\"ls0_1\"> </span></div></td><td class=\"c x37b y112b wc8 h38\"><div class=\"t_1 m0_1 x22 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">25.636<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112b wc9 h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">136.596<span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y112b w18 h38\"><div class=\"t_1 m0_1 x1f h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.619<span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112b wca h38\"><div class=\"t_1 m0_1 xc7 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">23.479<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112b wcb h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">113.098<span class=\"ls0_1\"> </span></div></td></tr></table>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Datos de plantilla </span></span>La <span class=\"_ _3\"></span>plantilla <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>de los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024, d<span class=\"_ _3\"></span>etallada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>profesional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>sexo, <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la siguiente:<div class=\"gs3e\"><table class=\"s w33a h193\" id=\"_e45e3ea2-50ac-4b86-93ed-212a7bb2da39\"><tr><td></td><td></td><td class=\"c x380 y112c wcc h9f\"><div class=\"t_1 m0_1 xd8 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero Medio de Empleados del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y112e w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y112e wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y112e w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y112e wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y112e w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y112f w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57 </div></td><td class=\"c x383 y112f wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y112f w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78 </div></td><td class=\"c x381 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y112f wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y112f w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1130 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">70<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1130 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1130 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1130 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1130 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">102<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1131 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">68<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1131 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y1131 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">74<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">67<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1131 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x386 y1131 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1132 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">231<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1132 wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">147<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1132 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">378<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">221<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1132 wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">150<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1132 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1133 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1133 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1133 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1133 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1133 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1134 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">334<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1134 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1134 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">387<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1134 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1134 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1135 w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1135 wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1135 w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">97<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1135 wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1135 w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1136 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1136 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1136 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1136 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1136 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\">1</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1137 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">344<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1137 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.30<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">909<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1137 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">336<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1137 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table></div><div class=\"c w3_1 h3d gs3f\"><div class=\"t_1 m0_1 x21 h7_1 y724 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x21 h7_1 y725 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">As\u00ed <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>distribuci\u00f3n de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>plantilla del <span class=\"_ _d\"></span>Grupo al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 y <span class=\"_ _d\"></span>2024, detallada <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>categor\u00eda </div><div class=\"t_1 m0_1 x21 h7_1 y726 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">profesional y s<span class=\"_ _3\"></span>exo, es la siguiente: </div></div><div class=\"gs40\"><table class=\"s w33a h194\" id=\"_d0cb3044-c4a0-413c-ad85-249ebb906d9b\"><tr><td></td><td></td><td class=\"c x380 y1138 wcc h9f\"><div class=\"t_1 m0_1 x12 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de Empleados al cierre del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y113a w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y113a wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y113a w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y113a wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y113a w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y113b w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113b wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113b w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113b wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113b w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">76<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113c w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113c wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35 </div></td><td class=\"c x384 y113c w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113c wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113c w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">109<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113d w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113d wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y113d w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">79<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113d wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x386 y113d w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">58<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113e w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">230<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113e wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">14<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113e w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">217<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113e wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">152<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113e w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">369<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113f w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113f wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113f w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113f wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113f w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1140 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1140 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1140 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1140 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1140 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">363<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1141 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1141 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1141 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1141 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1141 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">82<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1142 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1142 wcf h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1142 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">136<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1142 wd0 h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1142 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1143 w89 h9f\"><div class=\"t_1 m0_1 x3a h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1008<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1143 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1143 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.34<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1143 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">907<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1143 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">338<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1143 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table></div><div class=\"c w3_1 h3d gs3f\"><div class=\"t_1 m0_1 x83 h7_1 y730 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x21 h7_1 y731 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Al 31 de diciembre de 2025 y<span class=\"_ _3\"></span> 2024 el n\u00famero de emplead<span class=\"_ _3\"></span>os con una dis<span class=\"_ _3\"></span>capacidad superior al 33% es de<span class=\"_ _3\"></span> <span class=\"ls10\">14<span class=\"_ _3\"></span></span> </div><div class=\"t_1 m0_1 x21 h7_1 y732 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">y 11 personas<span class=\"_ _3\"></span>, respectivamente. </div><div class=\"t_1 m0_1 x21 h7_1 y407 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _f\"></span>otra <span class=\"_ _f\"></span>parte, <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Consejo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>est\u00e1 <span class=\"_ _f\"></span>conformado <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>13 </div><div class=\"t_1 m0_1 x21 h7_1 y408 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">personas; 8 v<span class=\"_ _3\"></span>arones y 5 mujeres.<span class=\"_ _65\"> </span> <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d hd y68a ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Plan<span class=\"ls38\">es</span> de retribuci\u00f3n a largo plazo<span class=\"_ _2\"></span> </span></span></div><div class=\"t_1 m0_1 x21 h7_1 y59e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>tinuaci\u00f3n <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>n\u00famero <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>beneficiarios <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>31/12/2025 <span class=\"_ _13\"> </span>as\u00ed <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>compro<span class=\"_ _3\"></span>miso <span class=\"_ _10\"> </span>m\u00e1ximo,<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y4b4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">asumiendo un gra<span class=\"_ _3\"></span>do de consecuci\u00f3n del 100%, de los<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>lanes de incentiv<span class=\"_ _3\"></span>os a largo plaz<span class=\"_ _3\"></span>o vigentes: </div><div class=\"t_1 m0_1 x39 h7_1 y5a0 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"_ _4\"> </span> </div></div><table class=\"s w33b h195\" id=\"_ac945518-8261-425b-bd7d-b042dd2b6549\"><tr><td></td><td></td><td></td><td class=\"c x388 y1144 wd4 ha4\"><div class=\"t_1 m0_1 x41 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste m\u00e1ximo (miles \u20ac)<span class=\"ff2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x389 y1145 w33c h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x38a y1146 wd2 ha5\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP </div></td><td class=\"c x38b y1147 w33d h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficiarios<span class=\"_ _65\"> </span></div></td><td class=\"c x388 y1146 wd5 ha5\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x38c y1146 w44 ha5\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acciones </div></td><td class=\"c x38d y1146 wd6 ha5\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1149 w33e h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-2027 (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x38f y114a wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">83<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114a wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.864 </div></td><td class=\"c x38c y114a w44 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.327 </div></td><td class=\"c x38d y114a wd6 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.191 </div></td></tr><tr><td class=\"c x38a y114b wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa Moldeada </div></td><td class=\"c x38f y114b wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114b wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114b w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114b wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y114c w33f h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x38f y114d wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114d wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td><td class=\"c x38c y114d w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114d wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td></tr><tr><td class=\"c x38a y114e wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biog\u00e1s </div></td><td class=\"c x38f y114e wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x388 y114e wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td><td class=\"c x38c y114e w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114e wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td></tr><tr><td class=\"c x38a y114f wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Calor Industrial </div></td><td class=\"c x38f y114f wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114f wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114f w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114f wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x38f y1150 wd3 h5c\"><div class=\"t_1 m0_1 x1e h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">116<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y1150 wd5 h5c\"><div class=\"t_1 m0_1 x15 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.639<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y1150 w44 h5c\"><div class=\"t_1 m0_1 x22 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.327<span class=\"ls0_1\"> </span></div></td><td class=\"c x38d y1150 wd6 h5c\"><div class=\"t_1 m0_1 x11 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22.966<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _1\"> </span>Se recogen los compromisos<span class=\"_ _3\"></span> vigentes al 31/12/202<span class=\"_ _3\"></span>5 as<span class=\"_ _3\"></span>ociados a los<span class=\"_ _3\"></span> Ciclos I, <span class=\"ls13\">II</span> y III<span class=\"_ _3\"></span> del plan El <span class=\"_ _2\"></span>gasto devengado <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre de <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5 y <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>corresp<span class=\"_ _3\"></span>ondiente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los distintos <span class=\"_ _2\"></span>planes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retribuci\u00f3n, detallado consid<span class=\"_ _3\"></span>erando su contrapar<span class=\"_ _3\"></span>tida, es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w340 h198\" id=\"_062a6762-a028-4c0d-bebb-934aff5a693c\"><tr><td></td><td></td><td class=\"c x390 y1151 wd8 h24\"><div class=\"t_1 m0_1 xd8 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x391 y1151 wda h24\"><div class=\"t_1 m0_1 xcd h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td></td><td class=\"c x392 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de</div></td><td class=\"c x393 y1153 w342 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones<span class=\"_ _65\"> </span></div></td><td class=\"c x394 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de<span class=\"_ _65\"> </span></div></td><td class=\"c x396 y1152 w344 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones a<span class=\"_ _65\"> </span></div></td><td class=\"c x397 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1154 wd7 h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x392 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal</div></td><td class=\"c x398 y1156 w346 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a largo y<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal<span class=\"_ _65\"> </span></div></td><td class=\"c x399 y1155 w348 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">largo y corto</div></td><td class=\"c x39a y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x39b y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)</div></td><td class=\"c x393 y1158 w349 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">corto plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td><td class=\"c x39c y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)<span class=\"_ _65\"> </span></div></td><td class=\"c x39d y1157 w34b h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plazo (Nota 31)</div></td><td class=\"c x39a y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x39e y1159 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 31)<span class=\"_ _65\"> </span></div></td><td class=\"c x39f y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x3a0 y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y115b w34d h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-<span class=\"lsd\">2027<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115c wdb h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(142) </div></td><td class=\"c x3a2 y115c wdc h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x3a3 y115c wdd h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y115c wdf h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.437 </div></td><td class=\"c x3a4 y115c we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">392<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115c we1 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.045 </div></td></tr><tr><td class=\"c x28c y115d wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Celulosa Moldeada </span></div></td><td class=\"c x390 y115d wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115d wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115d wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115d wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115d we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115d we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x1ca y114c w33f h19b\"><div class=\"t_1 m0_1 x1c9 h20 y115e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115f wdb h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115f wdc h5c\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115f wdd h5c\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115f wdf h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115f we0 h5c\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115f we1 h5c\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1160 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Biometano </span></div></td><td class=\"c x390 y1160 wdb h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1160 wdc h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1160 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1160 wdf h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1160 we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1160 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1161 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Calor Industrial </span></div></td><td class=\"c x390 y1161 wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1161 wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1161 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1161 wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1161 we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1161 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x390 y1162 wdb h24\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1162 wdc h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">447<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1162 wdd h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y1162 wdf h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.021<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1162 we0 h24\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">975<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1162 we1 h24\"><div class=\"t_1 m0_1 x41 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.045<span class=\"ls0_1\"> </span></div></td></tr></table>Plan de ince<span class=\"_ _3\"></span>ntivo a largo plazo para el p<span class=\"_ _3\"></span>eriodo 2023<span class=\"_ _3\"></span>-<span class=\"ls10\">2027</span> El <span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e mayo<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2023 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Ordinaria <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Accionistas<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> Dom<span class=\"_ _3\"></span>inante <span class=\"_ _f\"></span><span class=\"ff6\">apro<span class=\"_ _3\"></span>b\u00f3 <span class=\"_ _3\"></span>el \u201cPlan<span class=\"_ _3\"></span> </span>de incentivo<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>2023-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _3\"></span>dirigido a<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>irectivos, i<span class=\"_ _3\"></span>ncluido <span class=\"_ _3\"></span>el Presidente <span class=\"_ _3\"></span>y Con<span class=\"_ _3\"></span>sejero <span class=\"_ _3\"></span>Delegado d<span class=\"_ _3\"></span>e la Sociedad, y otro<span class=\"_ _3\"></span>s empleados del Grupo<span class=\"_ _3\"></span> Ence (el \u201cPlan\u201d). <span class=\"_ _3\"></span><span class=\"ff3\"> </span>El Plan tiene un<span class=\"_ _3\"></span>a duraci\u00f3n de <span class=\"_ _3\"></span>5 a\u00f1os, es<span class=\"_ _3\"></span>to es, desde el 1/1/2023 h<span class=\"_ _3\"></span>asta el 31/12/<span class=\"_ _3\"></span>2027 y se d<span class=\"_ _3\"></span>ivid<span class=\"_ _3\"></span>e en 3 ci<span class=\"_ _3\"></span>clos anuales <span class=\"_ _10\"></span>solapados <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>3 <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ellos<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>independientes <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>s\u00ed, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _3\"></span>idar\u00e1n dentro <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>90 <span class=\"_ _d\"></span>d\u00edas <span class=\"_ _2\"></span>siguientes <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>\u00faltimo <span class=\"_ _2\"></span>a\u00f1o <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>ciclo<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _d\"></span><span class=\"ls0_1\"> <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>ciclo <span class=\"_ _2\"></span>I <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Plan <span class=\"_ _d\"></span>representa<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>un <span class=\"_ _d\"></span>60% <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _3\"></span> II y III representan un<span class=\"_ _3\"></span> 20% cada uno del incentivo to<span class=\"_ _3\"></span>tal.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>incentivo <span class=\"_ _f\"></span>de cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>estar\u00e1 <span class=\"_ _3\"></span>condicionado <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cumplimiento <span class=\"_ _f\"></span>de d<span class=\"_ _3\"></span>eterminados <span class=\"_ _3\"></span>objetiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>financieros, <span class=\"_ _f\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _13\"> </span>valor  para  el  accionista,  ap<span class=\"_ _2\"></span>robados<span class=\"_ _3\"></span>  por  e<span class=\"_ _2\"></span>l  Consejo  de <span class=\"_ _13\"> </span>Administraci\u00f3n  a propuesta d<span class=\"_ _3\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"_ _3\"></span> y Retribu<span class=\"_ _3\"></span>ciones.  El incentivo considerado en este Plan consiste en <span class=\"_ _2\"></span>un % de la <span class=\"_ _2\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _f\"></span>profesional <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>eneficiario, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>liquida <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>un 30% <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>efectivo, <span class=\"_ _f\"></span>excepto <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>miembros <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Comit\u00e9 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Direcci\u00f3n <span class=\"_ _f\"></span>cuya <span class=\"_ _f\"></span>liquidaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>100% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones. <span class=\"_ _10\"></span>El<span class=\"_ _65\"> </span>Presidente y <span class=\"_ _2\"></span>Consejero Delegado y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>resto de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>iembros del <span class=\"_ _2\"></span>Comit\u00e9 <span class=\"_ _2\"></span>de Direcci\u00f3n <span class=\"_ _2\"></span>asumen determinados compromisos de mantenim<span class=\"_ _3\"></span>iento de las<span class=\"_ _3\"></span> acciones recibidas.<span class=\"_ _3\"></span>  El <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de accion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>entregar se <span class=\"_ _3\"></span>determinar\u00e1 <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e referencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _3\"></span>de ENCE <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cotizaci\u00f3n <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>en los <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>d\u00edas <span class=\"_ _3\"></span>anteriores <span class=\"_ _3\"></span>y pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>al 31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre de <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ciclo.<span class=\"_ _2\"></span> El <span class=\"_ _f\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>siderar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _f\"></span><span class=\"lsf\">ciclo<span class=\"_ _3\"></span></span>s <span class=\"_ _f\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>3,24 <span class=\"_ _0\"></span>\u20ac/acci\u00f3n</span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">2,86 <span class=\"_ _f\"></span>\u20ac<span class=\"_ _3\"></span>/acci\u00f3n, <span class=\"_ _0\"></span></span><span class=\"ls17\">y <span class=\"_ _f\"></span></span>3,1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">\u20ac/acci\u00f3n, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _0\"></span>ciclos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span>81, <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>personas<span class=\"ls19\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _13\"> </span>coste  m\u00e1ximo  previsto  en <span class=\"_ _13\"> </span>su conjunto,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>considerando <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>grado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>100%<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>asciende <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>aproximad<span class=\"_ _3\"></span>amente <span class=\"_ _3\"></span>18,2 <span class=\"_ _f\"></span>millon<span class=\"ff6\">es <span class=\"_ _3\"></span>\u20ac</span> (2,8 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _3\"></span>ectivo y </span>4,9 millones d<span class=\"_ _3\"></span>e acciones)<span class=\"ls13\">. <span class=\"_ _3\"></span></span> Otros planes de retribuc<span class=\"_ _3\"></span>i\u00f3n a largo p<span class=\"_ _3\"></span>lazo <span class=\"ls39\">y </span>o<span class=\"_ _3\"></span>tros compromisos El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>aprob\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2024 tr<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>planes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>incentivo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dirigidos <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _3\"></span>empl<span class=\"_ _3\"></span>eados <span class=\"_ _3\"></span>clave<span class=\"_ _3\"></span> ligados <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>Celulosa <span class=\"_ _f\"></span>Moldeada, <span class=\"_ _3\"></span>Biog\u00e1s <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>Calor <span class=\"_ _3\"></span>Indus<span class=\"_ _3\"></span>trial. <span class=\"_ _f\"></span>Los <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>tienen <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>duraci\u00f3n <span class=\"_ _f\"></span>de 4,5 a\u00f1os, se liquidan en ef<span class=\"_ _2\"></span>ectivo, y su consecuci\u00f3n est\u00e1 condicionada al cumplimiento de una serie <span class=\"_ _2\"></span>de objetivos ligados al desar<span class=\"_ _3\"></span>rollo de dicho<span class=\"_ _3\"></span>s negocios. Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2021 <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plan<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incentivo <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>largo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plaz<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>dirigido<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a  determinados<span class=\"_ _3\"></span> empleados <span class=\"_ _10\"></span>clave <span class=\"_ _10\"></span>ligados <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>Renovables. <span class=\"_ _10\"> </span>El <span class=\"_ _10\"></span>plan <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"> </span>una <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>5 <span class=\"_ _0\"></span>a\u00f1os, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>liquida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>as\u00ed <span class=\"_ _19\"> </span>mismo <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>consecuci\u00f3n <span class=\"_ _19\"> </span>est\u00e1 <span class=\"_ _19\"> </span>condicionada <span class=\"_ _16\"> </span>al <span class=\"_ _19\"> </span>cumplimiento <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>determinados <span class=\"_ _19\"> </span>objetivos financieros y n<span class=\"_ _3\"></span>o financieros. De <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>previsto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Celulosa, <span class=\"_ _f\"></span>S.A. <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>el periodo 2019-2023, <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>procedi\u00f3 a <span class=\"_ _d\"></span>la liquidaci\u00f3n del <span class=\"_ _d\"></span>Ciclo <span class=\"_ _2\"></span>II <span class=\"_ _2\"></span>del citado <span class=\"_ _2\"></span>Plan, <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>ha supuso la liquidaci\u00f3n, d<span class=\"_ _3\"></span>espu\u00e9s de impuestos, d<span class=\"_ _3\"></span>e 236 miles \u20ac y 95 miles acciones d<span class=\"_ _3\"></span>e ENCE.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _f\"></span>24 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>marzo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>20<span class=\"_ _3\"></span>22 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Cons<span class=\"_ _3\"></span>ejo <span class=\"_ _f\"></span>Ad<span class=\"_ _3\"></span>ministraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Mag<span class=\"_ _3\"></span>non <span class=\"_ _f\"></span>Green <span class=\"_ _f\"></span>Energy, <span class=\"_ _f\"></span>S.L., <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _2\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _2\"></span>iciarios percibir <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>extraordinaria <span class=\"_ _3\"></span>pagadera <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>met\u00e1lico <span class=\"_ _3\"></span>y v<span class=\"_ _3\"></span>inculada <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>rentabilidad <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>los<span class=\"_ _65\"> </span>accionistas <span class=\"_ _3\"></span>entre el <span class=\"_ _3\"></span>18 de <span class=\"_ _3\"></span>diciembre de 2<span class=\"_ _3\"></span>020 y <span class=\"_ _3\"></span>el 18 de <span class=\"_ _3\"></span>diciembre d<span class=\"_ _3\"></span>e 2028. <span class=\"_ _3\"></span>Son requis<span class=\"_ _3\"></span>itos par<span class=\"_ _3\"></span>a su d<span class=\"_ _3\"></span>evengo la <span class=\"_ _13\"> </span>consecuci\u00f3n  de <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>tasa <span class=\"_ _13\"> </span>interna <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>rentabilidad <span class=\"_ _13\"> </span>(TIR) <span class=\"_ _10\"> </span>m\u00ednima  para <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>accionista <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>10%, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>el beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la  fecha <span class=\"_ _13\"> </span>de  pago,  con  las salvedades h<span class=\"_ _2\"></span>abituales <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>este <span class=\"_ _2\"></span>tipo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>incentivo<span class=\"_ _3\"></span>s. <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>colectivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>lan <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>diciembre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>lo <span class=\"_ _d\"></span>forman<span class=\"_ _3\"></span> 4 person<span class=\"_ _3\"></span>as, y el <span class=\"_ _3\"></span>coste m\u00e1ximo <span class=\"_ _3\"></span>previsto, cons<span class=\"_ _3\"></span>iderando un <span class=\"_ _3\"></span>grado de consecuci\u00f3n <span class=\"_ _3\"></span>del 100%, <span class=\"_ _3\"></span>asciende <span class=\"_ _f\"></span><span class=\"ls2a\">a </span>3.749 m<span class=\"ff6\">iles \u20ac.<span class=\"_ _65\"> </span></span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _43\"> </span><span class=\"ff2\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este ep\u00edgrafe <span class=\"_ _2\"></span>del Estado <span class=\"_ _2\"></span>de Resultado consolidado <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>ejercicios 2025 y <span class=\"_ _2\"></span>2024 en <span class=\"_ _2\"></span>los distintos negocios desarrollad<span class=\"_ _3\"></span>os por ENCE es el s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _65\"> </span>31/<span class=\"lsd\">12</span>/2025 31/<span class=\"lsd\">12</span>/2024 Miles de euros Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Servicios exteriores   <span class=\"ls0_1\">124.270    </span>  <span class=\"ls0_1\">77.550    </span>  <span class=\"ls0_1\">200.450    </span>  <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.113    </span>  <span class=\"ls0_1\">3.534    </span>  <span class=\"ls0_1\">12.647    </span>  <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>Tributos    <span class=\"ls0_1\">5.055    </span>  <span class=\"lsd\">14<span class=\"ls0_1\">.</span>711</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">19.767</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.808    </span>  <span class=\"ls0_1\">12.601    </span>  <span class=\"ls0_1\">17.409    </span>Variaci\u00f3n de las provisiones de tr\u00e1fico y otros   <span class=\"ls0_1\">1.392    </span>  <span class=\"lsd\">496   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.888    </span>  <span class=\"lsd\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>Otros gastos no ordinarios de las operaciones (**)   <span class=\"ls0_1\">2.164    </span>  <span class=\"ls0_1\">4.892    </span>  <span class=\"ls0_1\">7.056    </span>  <span class=\"lsd\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">719<span class=\"_ _65\"> </span></span>141.994   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">101.183   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">241.808   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">212.590   <span class=\"ls0_1\"> </span></span>(*) <span class=\"_ _44\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferen<span class=\"_ _2\"></span>cia <span class=\"_ _f\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidad<span class=\"_ _2\"></span>o\u201d <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>202<span class=\"ff3\">5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los </span></span>negocios <span class=\"_ _3\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _3\"></span>Renovable\u201d <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>corresp<span class=\"_ _2\"></span>onde <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>eliminaciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>operaciones <span class=\"_ _3\"></span>ef<span class=\"_ _3\"></span>ectuadas <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>dichos<span class=\"_ _3\"></span> negocios en 2025 <span class=\"ls35\">y 202</span>4 por 1.369 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye, principalmente<span class=\"_ _2\"></span>, deterioro <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>existencias e<span class=\"_ _2\"></span>n concepto d<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>valor neto <span class=\"_ _2\"></span>de re<span class=\"_ _2\"></span>alizaci\u00f3n por <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>de 2.164 <span class=\"_ _2\"></span>miles d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> euros en el Negocio Celulosa y de<span class=\"_ _3\"></span>terioro existencias de 1 proyecto fo<span class=\"_ _3\"></span>tovoltaico por importe de 4.892 miles de euros en el Negocio Renovables (V\u00e9ase nota 20). El <span class=\"_ _2\"></span>Real <span class=\"_ _d\"></span>Decr<span class=\"_ _3\"></span>eto <span class=\"_ _d\"></span>8/<span class=\"_ _3\"></span>2023 <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>adop<span class=\"_ _3\"></span>tan <span class=\"_ _2\"></span>medidas <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _2\"></span>afrontar <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>secuencias <span class=\"_ _2\"></span>econ\u00f3micas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y sociales<span class=\"_ _2\"></span> derivadas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>conflictos <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Ucrania <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>Ori<span class=\"_ _3\"></span>ente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>palia<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ef<span class=\"_ _2\"></span>ectos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>sequ\u00eda, aprobado el 27 de diciembre, recupera el Imp<span class=\"_ _3\"></span>uesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _3\"></span> desde el 1 de <span class=\"_ _f\"></span>enero <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _f\"></span>progresiva, <span class=\"_ _f\"></span>quedan<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>fijado <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>definitivo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>7% <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>parti<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>1 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _f\"></span>de 2024. El coste asociad<span class=\"_ _3\"></span>o a este impuesto s<span class=\"_ _3\"></span>e recoge en el ep\u00edgrafe \u201cTribu<span class=\"_ _3\"></span>tos\u201d.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Servicios exteriores </span></span>El desglose por <span class=\"_ _3\"></span>conceptos del gasto de s<span class=\"_ _3\"></span>ervicios exteriores de los ejercicios 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5 y 2024 es<span class=\"_ _3\"></span> el siguiente: <table class=\"s w34f h19d\" id=\"_b23cbb09-2540-47b1-acc0-b923baa0ba2e\"><tr><td></td><td></td><td class=\"c x3b8 y116d wec haa\"><div class=\"t_1 m0_1 xe8 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3b9 y116d wed haa\"><div class=\"t_1 m0_1 x45 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x34c y116e web h8e\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3ba y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bb y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bc y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x3bd y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3be y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bf y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x3c0 y1170 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c1 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c2 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x3c3 y1170 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c4 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c5 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x34c y1171 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Transportes, fletes y costes comerciales </div></td><td class=\"c x3b8 y1171 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">42.991    </span></div></td><td class=\"c x3c6 y1171 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.440    </span></div></td><td class=\"c x3c7 y1171 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">59.431    </span></div></td><td class=\"c x3b9 y1171 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">45.822    </span></div></td><td class=\"c x3c8 y1171 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.590    </span></div></td><td class=\"c x3c9 y1171 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.412    </span></div></td></tr><tr><td class=\"c x34c y1172 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Suministros (**) </div></td><td class=\"c x3b8 y1172 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.043    </span></div></td><td class=\"c x3c6 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.039    </span></div></td><td class=\"c x3c7 y1172 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.892    </span></div></td><td class=\"c x3b9 y1172 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.786    </span></div></td><td class=\"c x3c8 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.858    </span></div></td><td class=\"c x3c9 y1172 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.454    </span></div></td></tr><tr><td class=\"c x34c y1173 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reparaciones y conservaci\u00f3n </div></td><td class=\"c x3b8 y1173 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.071    </span></div></td><td class=\"c x3c6 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.342    </span></div></td><td class=\"c x3c7 y1173 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">36.413    </span></div></td><td class=\"c x3b9 y1173 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.001    </span></div></td><td class=\"c x3c8 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.534    </span></div></td><td class=\"c x3c9 y1173 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">34.535    </span></div></td></tr><tr><td class=\"c x34c y1174 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de profesionales independientes </div></td><td class=\"c x3b8 y1174 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.978    </span></div></td><td class=\"c x3c6 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.280    </span></div></td><td class=\"c x3c7 y1174 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">14.258    </span></div></td><td class=\"c x3b9 y1174 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.378    </span></div></td><td class=\"c x3c8 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c9 y1174 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.126    </span></div></td></tr><tr><td class=\"c x34c y1175 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Primas de seguros </div></td><td class=\"c x3b8 y1175 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.867    </span></div></td><td class=\"c x3c6 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.126    </span></div></td><td class=\"c x3c7 y1175 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.993    </span></div></td><td class=\"c x3b9 y1175 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.540    </span></div></td><td class=\"c x3c8 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.278    </span></div></td><td class=\"c x3c9 y1175 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.818    </span></div></td></tr><tr><td class=\"c x34c y1176 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios bancarios y similares </div></td><td class=\"c x3b8 y1176 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.515    </span></div></td><td class=\"c x3c6 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.010    </span></div></td><td class=\"c x3c7 y1176 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.489    </span></div></td><td class=\"c x3b9 y1176 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c8 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.179    </span></div></td><td class=\"c x3c9 y1176 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.922    </span></div></td></tr><tr><td class=\"c x34c y1177 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos y c\u00e1nones (Nota 17) </div></td><td class=\"c x3b8 y1177 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">824   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">515   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1177 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.339    </span></div></td><td class=\"c x3b9 y1177 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">542   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">292   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1177 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">834   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y1178 web h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Publicidad, propaganda y relaciones p\u00fablicas  </div></td><td class=\"c x3b8 y1178 wb7 h5c\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.807    </span></div></td><td class=\"c x3c6 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">154   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1178 wef h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.961    </span></div></td><td class=\"c x3b9 y1178 wf0 h5c\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.741    </span></div></td><td class=\"c x3c8 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1178 wba h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.919    </span></div></td></tr><tr><td class=\"c x34c y1179 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de investigaci\u00f3n y desarrollo </div></td><td class=\"c x3b8 y1179 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1179 wee h24\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c7 y1179 wef h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y1179 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1179 wee h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c9 y1179 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y117a web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3b8 y117a wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.929    </span></div></td><td class=\"c x3c6 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">25.644    </span></div></td><td class=\"c x3c7 y117a wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.429    </span></div></td><td class=\"c x3b9 y117a wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.204    </span></div></td><td class=\"c x3c8 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.242    </span></div></td><td class=\"c x3c9 y117a wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.359    </span></div></td></tr><tr><td></td><td class=\"c x3b8 y117b wb7 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">124.270   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">77.550   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y117b wef h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">200.450   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y117b wf0 h24\"><div class=\"t_1 m0_1 x31 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">118.862   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">61.900   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y117b wba h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179.479   <span class=\"ls0_1\"> </span></span></div></td></tr></table>(*) <span class=\"_ _19\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span><span class=\"ff3\">5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los </span></span>N<span class=\"ff6\">egocios \u201cCelulosa\u201d <span class=\"_ _3\"></span>y \u201c<span class=\"_ _3\"></span>Energ\u00eda R<span class=\"_ _3\"></span>enovable\u201d se <span class=\"_ _3\"></span>corresponde co<span class=\"_ _3\"></span>n eliminaciones <span class=\"_ _3\"></span>de o<span class=\"_ _3\"></span>peraciones efectuadas <span class=\"_ _3\"></span>entre d<span class=\"_ _3\"></span>ichos </span>Negocios en 20<span class=\"lsd\">25</span> <span class=\"ls35\">y 202</span>4 por 1.3<span class=\"lsd\">69</span> miles <span class=\"ff6 lsd\">\u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye <span class=\"_ _d\"></span>principalmente l<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>compra <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>importe de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>19.731 <span class=\"ff6\">mil<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>\u20ac<span class=\"ff3\"> <span class=\"_ _2\"></span>(15.788 <span class=\"_ _2\"></span>N <span class=\"_ _2\"></span>Celulosa <span class=\"_ _d\"></span>y 3.853 <span class=\"_ _d\"></span>Negocio </span></span>Renovables) (17.587 en 2024. 14.313 N Celulosa y 3.274 Negocio Renovables).<span class=\"_ _65\"> </span><div class=\"c w3_1 h3d gs42\"><div class=\"t_1 m0_1 x7d h7_1 y1d2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _2\"></span>tiene <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>seguro de <span class=\"_ _d\"></span>responsabilidad <span class=\"_ _2\"></span>civil <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>cubre <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>to<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>sus <span class=\"_ _d\"></span>administradores y <span class=\"_ _d\"></span>directivos </div><div class=\"t_1 m0_1 x7d h7_1 y1d3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">por <span class=\"_ _3\"></span>da\u00f1os <span class=\"_ _f\"></span>ocasionados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>actos <span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>omisiones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cargo. <span class=\"_ _3\"></span>Su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>sido </div><div class=\"t_1 m0_1 x7d h7_1 y1d4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"ls10\">74 </span><span class=\"ff6\">miles \u20ac y<span class=\"_ _3\"></span></span> <span class=\"ls10\">82</span> miles <span class=\"ff6\">\u20ac</span>, resp<span class=\"_ _3\"></span>ectivamente<span class=\"ls13\">.<span class=\"_ _65\"> </span></span><span class=\"ls13\"> </span> </div><div class=\"t_1 m0_1 x6d hd y77c ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Honorarios de auditor\u00eda </span></span></div><div class=\"t_1 m0_1 x8 h7_1 y56c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La firm<span class=\"_ _2\"></span>a que ha <span class=\"_ _2\"></span>auditado las cuentas de <span class=\"_ _2\"></span>las sociedades que <span class=\"_ _2\"></span>conforman el Grupo <span class=\"_ _2\"></span>ENCE en 2025 y 2024 ha <span class=\"_ _2\"></span>sido </div><div class=\"t_1 m0_1 x8 h7_1 y77d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">KPMG Auditores, S.L. <span class=\"_ _3\"></span>(v\u00e9ase Anexo I).<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x8 h7_1 y77e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>honorarios <span class=\"_ _f\"></span>relativos a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>servicios <span class=\"_ _f\"></span>de au<span class=\"_ _3\"></span>ditor\u00eda <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>otros </div><div class=\"t_1 m0_1 x8 h7_1 y641 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">servicios prestad<span class=\"_ _3\"></span>os por el auditor o por empresas<span class=\"_ _3\"></span> vinculadas al au<span class=\"_ _3\"></span>ditor han sido los siguientes:<span class=\"_ _f\"></span><span class=\"ff4 fs4\"> </span> </div></div><div class=\"gs43\"><table class=\"s w351 h19e\" id=\"_c22a1dba-e8e4-4eba-91ce-7813d8f8d41d\"><tr><td class=\"c x227 y117c wf2 had\"><div class=\"t_1 m0_1 x10 h58 y45 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x3ca y117c wa9 had\"><div class=\"t_1 m0_1 xe h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117c wf3 had\"><div class=\"t_1 m0_1 x31 h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117d wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de auditor\u00eda </div></td><td class=\"c x3ca y117d wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">236<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117d wf3 haf\"><div class=\"t_1 m0_1 x50 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">220<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117e wf2 hb0\"><div class=\"t_1 m0_1 x10 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios relacionados con la auditor\u00eda </div></td><td class=\"c x3ca y117e wa9 hb0\"><div class=\"t_1 m0_1 x19 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117e wf3 hb0\"><div class=\"t_1 m0_1 x86 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117f wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3ca y117f wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">118<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117f wf3 haf\"><div class=\"t_1 m0_1 x86 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td></tr></table></div>Los servicios prestados por el <span class=\"_ _2\"></span>auditor en 2025, relacionados con los servicios de a<span class=\"_ _2\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _15\"> </span>revisi\u00f3n <span class=\"_ _15\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _19\"> </span>ra<span class=\"_ _3\"></span>tios <span class=\"_ _15\"> </span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>atender <span class=\"_ _15\"> </span>a <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>obligacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>recogidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _15\"> </span>de financiaci\u00f3n, <span class=\"_ _3\"></span>servicios d<span class=\"_ _3\"></span>e verificaci\u00f3n d<span class=\"_ _3\"></span>el sistema <span class=\"_ _3\"></span>de control <span class=\"_ _3\"></span>interno <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>informaci\u00f3n financiera <span class=\"_ _3\"></span>y s<span class=\"_ _3\"></span>ervicios de <span class=\"_ _1b\"> </span>revisi\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinadas <span class=\"_ _1b\"> </span>magnitu<span class=\"_ _3\"></span>des <span class=\"_ _1b\"> </span>finan<span class=\"_ _3\"></span>cieras <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _1b\"> </span>acreditar <span class=\"_ _1b\"> </span>la <span class=\"_ _1b\"> </span>condici\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>consumidor electrointensivo <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pago <span class=\"_ _3\"></span>legal <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>arias <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo. <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>el apartado \u201cOt<span class=\"_ _3\"></span>ros servicios\u201d incluye principalmente serv<span class=\"_ _3\"></span>icios de verificaci\u00f3n <span class=\"_ _3\"></span><span class=\"ff3\">d<span class=\"_ _3\"></span>el Informe de<span class=\"_ _3\"></span> Sostenibilidad<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span></span>13.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Gastos e ingresos financieros </span></span>El <span class=\"_ _f\"></span>detalle <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _0\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _f\"></span>Consolidado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _f\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>como sigue:<table class=\"s w352 h19f\" id=\"_baa655d5-36f8-479d-be34-13a9dd261481\"><tr><td></td><td></td><td class=\"c x3cd y1180 wf6 h24\"><div class=\"t_1 m0_1 xb6 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3ce y1180 wf8 h24\"><div class=\"t_1 m0_1 x99 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x3cf y1181 wf5 hb2\"><div class=\"t_1 m0_1 x10 h20 yb7 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3d0 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d1 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3d2 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d3 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3d4 y1183 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d5 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d6 y1181 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x3d2 y1183 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d7 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d8 y1181 wfc h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1184 w353 h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones / Notas</div></td><td class=\"c x3cd y1185 wf9 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y1185 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1185 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y1185 w4b h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3da y1185 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.399)    </span></div></td><td class=\"c x3d8 y1185 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.399)    </span></div></td></tr><tr><td class=\"c x3cf y1186 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros </div></td><td class=\"c x3cd y1186 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(17.799)    </span></div></td><td class=\"c x3d9 y1186 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(9.414)    </span></div></td><td class=\"c x3d6 y1186 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.213)    </span></div></td><td class=\"c x3ce y1186 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(22.741)    </span></div></td><td class=\"c x3da y1186 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(6.926)    </span></div></td><td class=\"c x3d8 y1186 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(29.667)    </span></div></td></tr><tr><td class=\"c x3cf y1187 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera Vajdm (Nota 29) </div></td><td class=\"c x3cd y1187 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.699)    </span></div></td><td class=\"c x3d9 y1187 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.939)    </span></div></td><td class=\"c x3d6 y1187 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(5.638)    </span></div></td><td class=\"c x3ce y1187 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.053)    </span></div></td><td class=\"c x3da y1187 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.001)    </span></div></td><td class=\"c x3d8 y1187 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.054)    </span></div></td></tr><tr><td class=\"c x3cf y1188 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera de provisiones </div></td><td class=\"c x3cd y1188 wf9 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3d9 y1188 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1188 wfb h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3ce y1188 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td><td class=\"c x3da y1188 w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d8 y1188 wfc h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td></tr><tr><td class=\"c x3cf y1189 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones y otros gastos </div></td><td class=\"c x3cd y1189 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.989)    </span></div></td><td class=\"c x3d9 y1189 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.682)    </span></div></td><td class=\"c x3d6 y1189 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.671)    </span></div></td><td class=\"c x3ce y1189 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(985)    </span></div></td><td class=\"c x3da y1189 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.544)    </span></div></td><td class=\"c x3d8 y1189 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.529)    </span></div></td></tr><tr><td class=\"c x3cf y118a wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero intra-negocio </div></td><td class=\"c x3cd y118a wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.504    </span></div></td><td class=\"c x3d9 y118a wfa h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.504)    </div></td><td class=\"c x3d6 y118a wfb h24\"><div class=\"t_1 m0_1 x99 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x3ce y118a w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.660    </span></div></td><td class=\"c x3da y118a w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.660)    </span></div></td><td class=\"c x3d8 y118a wfc h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3cf y118b wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso sobre activos (Nota 17) </div></td><td class=\"c x3cd y118b wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.633)    </span></div></td><td class=\"c x3d9 y118b wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(198)    </span></div></td><td class=\"c x3d6 y118b wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.831)    </span></div></td><td class=\"c x3ce y118b w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.289)    </span></div></td><td class=\"c x3da y118b w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(141)    </span></div></td><td class=\"c x3d8 y118b wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.433)    </span></div></td></tr><tr><td></td><td class=\"c x3cd y118c wf9 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(24.445)    </span></div></td><td class=\"c x3d9 y118c wfa h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(18.737)    </span></div></td><td class=\"c x3d6 y118c wfb h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(43.182)    </span></div></td><td class=\"c x3ce y118c w4b h5c\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.377)    </span></div></td><td class=\"c x3da y118c w71 h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(19.671)    </span></div></td><td class=\"c x3d8 y118c wfc h5c\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(47.051)    </span></div></td></tr><tr><td class=\"c x1ca y118d w354 h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 27)</div></td><td class=\"c x3cd y118e wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118e wfa h24\"><div class=\"t_1 m0_1 x22 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11<span class=\"ls0_1\">2</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118e wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.679</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118e w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.441    </span></div></td><td class=\"c x3da y118e w71 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">115   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3d8 y118e wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.556    </span></div></td></tr><tr><td class=\"c x3cf y118f wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos financieros </div></td><td class=\"c x3cd y118f wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.1<span class=\"lsd\">89</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118f wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.531</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118f wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.720</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118f w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.507    </span></div></td><td class=\"c x3da y118f w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.153    </span></div></td><td class=\"c x3d8 y118f wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.660    </span></div></td></tr><tr><td class=\"c x3cf y1190 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura- </div></td><td class=\"c x3cd y1191 wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.756    </span></div></td><td class=\"c x3d9 y1191 wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.643    </span></div></td><td class=\"c x3d6 y1191 wfb h24\"><div class=\"t_1 m0_1 x1e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.399    </span></div></td><td class=\"c x3ce y1191 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.948    </span></div></td><td class=\"c x3da y1191 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.268    </span></div></td><td class=\"c x3d8 y1191 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.216    </span></div></td></tr><tr><td class=\"c x3cf y1192 wf5 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span></div></td><td class=\"c x3cd y1192 wf9 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1192 wfa h25\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1192 wfb h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1192 w4b h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1192 w71 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1192 wfc h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1193 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1193 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1193 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1193 w4b h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1193 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1193 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1194 wf9 h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">16.785</span>)    </span></div></td><td class=\"c x3d9 y1194 wfa h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(16.590)    </span></div></td><td class=\"c x3d6 y1194 wfb h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">33.375</span>)    </span></div></td><td class=\"c x3ce y1194 w4b h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(18.592)    </span></div></td><td class=\"c x3da y1194 w71 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(13.827)    </span></div></td><td class=\"c x3d8 y1194 wfc h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(32.419)    </span></div></td></tr></table>La cuenta <span class=\"_ _3\"></span>\u201cOtros <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>financieros\u201d<span class=\"_ _3\"></span> recoge <span class=\"_ _3\"></span>principalmen<span class=\"_ _3\"></span>te la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los exc<span class=\"_ _3\"></span>edentes de<span class=\"_ _3\"></span> tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"_ _0\"></span><span class=\"ff2\">Aprovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _3\"></span>amientos\u201d en lo<span class=\"_ _3\"></span>s ejercicios 202</span>5 <span class=\"_ _3\"></span>y 2024 se des<span class=\"_ _3\"></span>glosa en:<table class=\"s w333 h190\" id=\"_524ddec8-54c0-4bc2-80db-0b7448695119\"><tr><td></td><td></td><td class=\"c x35c y1115 wbd h66\"><div class=\"t_1 m0_1 x26 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x35d y1115 wbe h66\"><div class=\"t_1 m0_1 x41 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x35e y1116 wbc h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x35f y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x360 y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x361 y1117 w334 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x363 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x364 y1117 w335 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x35f y1118 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x365 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x366 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1118 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x367 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x368 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x35e y1119 wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x35c y1119 wbf h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">285.135    </span></div></td><td class=\"c x369 y1119 wc0 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.589    </span></div></td><td class=\"c x36a y1119 wc1 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">345.365    </span></div></td><td class=\"c x35d y1119 wc2 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">303.474    </span></div></td><td class=\"c x36b y1119 wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.659    </span></div></td><td class=\"c x36c y1119 wc4 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">352.448    </span></div></td></tr><tr><td class=\"c x1ca y111a w337 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n de existencias de</div></td><td class=\"c x35c y111b wbf h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(5.<span class=\"lsd\">311</span>)    </span></div></td><td class=\"c x369 y111b wc0 h86\"><div class=\"t_1 m0_1 x2f h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.875)    </span></div></td><td class=\"c x36a y111b wc1 h86\"><div class=\"t_1 m0_1 x86 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(10.186)    </span></div></td><td class=\"c x35d y111b wc2 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(7.885)    </span></div></td><td class=\"c x36b y111b wc3 h86\"><div class=\"t_1 m0_1 xc h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(456)    </span></div></td><td class=\"c x36c y111b wc4 h86\"><div class=\"t_1 m0_1 x19 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(8.341)    </span></div></td></tr><tr><td class=\"c x1ca y111c w338 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">materias primas y auxiliares<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x35e y111d wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos externos </div></td><td class=\"c x35c y111d wbf h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">59.722   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x369 y111d wc0 h24\"><div class=\"t_1 m0_1 x11 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.162    </span></div></td><td class=\"c x36a y111d wc1 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">68.884   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x35d y111d wc2 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.941    </span></div></td><td class=\"c x36b y111d wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.155    </span></div></td><td class=\"c x36c y111d wc4 h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.096    </span></div></td></tr><tr><td></td><td class=\"c x35c y111e wbf h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">339.546 <span class=\"ls0_1\"> </span></div></td><td class=\"c x369 y111e wc0 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.876 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36a y111e wc1 h25\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">404.063 <span class=\"ls0_1\"> </span></div></td><td class=\"c x35d y111e wc2 h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">360.530 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36b y111e wc3 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">68.358 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36c y111e wc4 h25\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">425.203 <span class=\"ls0_1\"> </span></div></td></tr></table>(*)  <span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>informac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidado\u201d <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agregaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los negocios <span class=\"_ _f\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _f\"></span>Renovable\u201d <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>eliminaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>efectuadas <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>dichos negocios en 2025 <span class=\"ls35\">y 202</span>4 por 2.359 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y </span>3.685 <span class=\"ff6\">miles \u20ac, respectivamente</span>. En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>incluyen p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes d<span class=\"_ _3\"></span>e adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _3\"></span>de madera, <span class=\"_ _3\"></span>de p<span class=\"_ _3\"></span>roductos qu<span class=\"_ _3\"></span>\u00edmicos, <span class=\"_ _3\"></span>de combustibles  y  de <span class=\"_ _13\"> </span>otros <span class=\"_ _13\"> </span>costes  variables,  as\u00ed <span class=\"_ _13\"> </span>como  cost<span class=\"_ _2\"></span>es  asociados  a <span class=\"_ _13\"> </span>servicios  de <span class=\"_ _13\"> </span>aprovechamiento  y transporte d<span class=\"_ _3\"></span>e madera.<span class=\"_ _65\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Personal </span></span>Los <span class=\"_ _3\"></span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personal <span class=\"_ _f\"></span>incurridos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios 202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>distinto<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>desarro<span class=\"_ _3\"></span>llados <span class=\"_ _3\"></span>por ENCE son<span class=\"_ _3\"></span> los siguientes: <table class=\"s w339 h192\" id=\"_4d209729-eccd-4f1d-8b39-1caca52cd0d8\"><tr><td></td><td></td><td class=\"c x36d y111f wb1 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x36e y111f wc7 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x1c5 y1120 wc5 h9c\"><div class=\"t_1 m0_1 x10 h20 y14e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x36f y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x370 y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x371 y1121 w334 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x372 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x373 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x374 y1121 w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x375 y1122 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x376 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x377 y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y1122 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x379 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x37a y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1c5 y1123 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sueldos y salarios </div></td><td class=\"c x36d y1123 w21 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.880    </span></div></td><td class=\"c x37b y1123 wc8 h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.659    </span></div></td><td class=\"c x37c y1123 wc9 h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.539    </span></div></td><td class=\"c x36e y1123 w18 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.468    </span></div></td><td class=\"c x37d y1123 wca h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.160    </span></div></td><td class=\"c x37e y1123 wcb h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.628    </span></div></td></tr><tr><td class=\"c x1c5 y1124 wc5 h98\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Seguridad Social </div></td><td class=\"c x36d y1124 w21 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.102    </span></div></td><td class=\"c x37b y1124 wc8 h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.230    </span></div></td><td class=\"c x37c y1124 wc9 h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.332    </span></div></td><td class=\"c x36e y1124 w18 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.090    </span></div></td><td class=\"c x37d y1124 wca h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.378    </span></div></td><td class=\"c x37e y1124 wcb h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.468    </span></div></td></tr><tr><td class=\"c x1c5 y1125 wc5 h38\"><div class=\"t_1 m0_1 x10 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aportaci\u00f3n planes pensiones </div></td><td class=\"c x36d y1125 w21 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.537    </span></div></td><td class=\"c x37b y1125 wc8 h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">604   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1125 wc9 h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.141 </div></td><td class=\"c x36e y1125 w18 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.362    </span></div></td><td class=\"c x37d y1125 wca h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">453   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37e y1125 wcb h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.815 </div></td></tr><tr><td class=\"c x1c5 y1126 wc5 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos sociales </div></td><td class=\"c x36d y1126 w21 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.820 </div></td><td class=\"c x37b y1126 wc8 h97\"><div class=\"t_1 m0_1 x58 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">261<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1126 wc9 h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.081 </div></td><td class=\"c x36e y1126 w18 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.791 </div></td><td class=\"c x37d y1126 wca h97\"><div class=\"t_1 m0_1 x15 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">232<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1126 wcb h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.023 </div></td></tr><tr><td></td><td class=\"c x36d y1127 w21 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.339 </div></td><td class=\"c x37b y1127 wc8 h97\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.754 </div></td><td class=\"c x37c y1127 wc9 h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">110.093 </div></td><td class=\"c x36e y1127 w18 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.711 </div></td><td class=\"c x37d y1127 wca h97\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.223 </div></td><td class=\"c x37e y1127 wcb h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">107.934 </div></td></tr><tr><td class=\"c x1c5 y1128 wc5 h9d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Planes retribuci\u00f3n a largo plazo </div></td><td class=\"c x36d y1128 w21 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">71</span>) </div></td><td class=\"c x37b y1128 wc8 h9d\"><div class=\"t_1 m0_1 x14 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">447   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1128 wc9 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">376   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x36e y1128 w18 h9d\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.536 </div></td><td class=\"c x37d y1128 wca h9d\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">485<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1128 wcb h9d\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.021 </div></td></tr><tr><td class=\"c x1c5 y1129 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones </div></td><td class=\"c x36d y1129 w21 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.694 </div></td><td class=\"c x37b y1129 wc8 h72\"><div class=\"t_1 m0_1 x58 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">435<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1129 wc9 h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.129 </div></td><td class=\"c x36e y1129 w18 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.372 </div></td><td class=\"c x37d y1129 wca h72\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">771<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1129 wcb h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.143 </div></td></tr><tr><td class=\"c x1c5 y112a wc5 h86\"><div class=\"t_1 m0_1 x10 h20 y4d6 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos de personal no </div><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ordinarios (Nota 31) </div></td><td class=\"c x36d y112a w21 h86\"><div class=\"t_1 m0_1 x1f h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.998 </div></td><td class=\"c x37b y112a wc8 h86\"><div class=\"t_1 m0_1 x2b h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112a wc9 h86\"><div class=\"t_1 m0_1 x2_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.998    </span></div></td><td class=\"c x36e y112a w18 h86\"><div class=\"t_1 m0_1 x31 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112a wca h86\"><div class=\"t_1 m0_1 x1_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112a wcb h86\"><div class=\"t_1 m0_1 x82 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x36d y112b w21 h38\"><div class=\"t_1 m0_1 x2b h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">110.960<span class=\"ls0_1\"> </span></div></td><td class=\"c x37b y112b wc8 h38\"><div class=\"t_1 m0_1 x22 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">25.636<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112b wc9 h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">136.596<span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y112b w18 h38\"><div class=\"t_1 m0_1 x1f h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.619<span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112b wca h38\"><div class=\"t_1 m0_1 xc7 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">23.479<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112b wcb h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">113.098<span class=\"ls0_1\"> </span></div></td></tr></table>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Datos de plantilla </span></span>La <span class=\"_ _3\"></span>plantilla <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>de los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024, d<span class=\"_ _3\"></span>etallada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>profesional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>sexo, <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la siguiente:<table class=\"s w33a h193\" id=\"_e45e3ea2-50ac-4b86-93ed-212a7bb2da39\"><tr><td></td><td></td><td class=\"c x380 y112c wcc h9f\"><div class=\"t_1 m0_1 xd8 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero Medio de Empleados del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y112e w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y112e wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y112e w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y112e wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y112e w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y112f w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57 </div></td><td class=\"c x383 y112f wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y112f w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78 </div></td><td class=\"c x381 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y112f wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y112f w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1130 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">70<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1130 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1130 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1130 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1130 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">102<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1131 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">68<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1131 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y1131 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">74<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">67<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1131 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x386 y1131 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1132 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">231<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1132 wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">147<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1132 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">378<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">221<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1132 wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">150<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1132 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1133 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1133 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1133 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1133 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1133 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1134 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">334<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1134 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1134 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">387<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1134 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1134 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1135 w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1135 wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1135 w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">97<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1135 wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1135 w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1136 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1136 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1136 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1136 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1136 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\">1</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1137 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">344<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1137 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.30<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">909<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1137 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">336<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1137 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>As\u00ed <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>distribuci\u00f3n de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>plantilla del <span class=\"_ _d\"></span>Grupo al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 y <span class=\"_ _d\"></span>2024, detallada <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>categor\u00eda profesional y s<span class=\"_ _3\"></span>exo, es la siguiente: <table class=\"s w33a h194\" id=\"_d0cb3044-c4a0-413c-ad85-249ebb906d9b\"><tr><td></td><td></td><td class=\"c x380 y1138 wcc h9f\"><div class=\"t_1 m0_1 x12 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de Empleados al cierre del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y113a w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y113a wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y113a w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y113a wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y113a w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y113b w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113b wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113b w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113b wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113b w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">76<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113c w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113c wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35 </div></td><td class=\"c x384 y113c w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113c wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113c w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">109<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113d w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113d wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y113d w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">79<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113d wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x386 y113d w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">58<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113e w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">230<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113e wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">14<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113e w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">217<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113e wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">152<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113e w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">369<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113f w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113f wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113f w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113f wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113f w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1140 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1140 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1140 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1140 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1140 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">363<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1141 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1141 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1141 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1141 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1141 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">82<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1142 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1142 wcf h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1142 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">136<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1142 wd0 h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1142 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1143 w89 h9f\"><div class=\"t_1 m0_1 x3a h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1008<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1143 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1143 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.34<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1143 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">907<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1143 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">338<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1143 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>Al 31 de diciembre de 2025 y<span class=\"_ _3\"></span> 2024 el n\u00famero de emplead<span class=\"_ _3\"></span>os con una dis<span class=\"_ _3\"></span>capacidad superior al 33% es de<span class=\"_ _3\"></span> <span class=\"ls10\">14<span class=\"_ _3\"></span></span> y 11 personas<span class=\"_ _3\"></span>, respectivamente. Por <span class=\"_ _f\"></span>otra <span class=\"_ _f\"></span>parte, <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Consejo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>est\u00e1 <span class=\"_ _f\"></span>conformado <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>13 personas; 8 v<span class=\"_ _3\"></span>arones y 5 mujeres.<span class=\"_ _65\"> </span>11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Plan<span class=\"ls38\">es</span> de retribuci\u00f3n a largo plazo<span class=\"_ _2\"></span> </span></span>Se <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>tinuaci\u00f3n <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>n\u00famero <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>beneficiarios <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>31/12/2025 <span class=\"_ _13\"> </span>as\u00ed <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>compro<span class=\"_ _3\"></span>miso <span class=\"_ _10\"> </span>m\u00e1ximo,<span class=\"_ _3\"></span> asumiendo un gra<span class=\"_ _3\"></span>do de consecuci\u00f3n del 100%, de los<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>lanes de incentiv<span class=\"_ _3\"></span>os a largo plaz<span class=\"_ _3\"></span>o vigentes:<table class=\"s w33b h195\" id=\"_ac945518-8261-425b-bd7d-b042dd2b6549\"><tr><td></td><td></td><td></td><td class=\"c x388 y1144 wd4 ha4\"><div class=\"t_1 m0_1 x41 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste m\u00e1ximo (miles \u20ac)<span class=\"ff2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x389 y1145 w33c h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x38a y1146 wd2 ha5\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP </div></td><td class=\"c x38b y1147 w33d h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficiarios<span class=\"_ _65\"> </span></div></td><td class=\"c x388 y1146 wd5 ha5\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x38c y1146 w44 ha5\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acciones </div></td><td class=\"c x38d y1146 wd6 ha5\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1149 w33e h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-2027 (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x38f y114a wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">83<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114a wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.864 </div></td><td class=\"c x38c y114a w44 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.327 </div></td><td class=\"c x38d y114a wd6 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.191 </div></td></tr><tr><td class=\"c x38a y114b wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa Moldeada </div></td><td class=\"c x38f y114b wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114b wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114b w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114b wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y114c w33f h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x38f y114d wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114d wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td><td class=\"c x38c y114d w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114d wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td></tr><tr><td class=\"c x38a y114e wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biog\u00e1s </div></td><td class=\"c x38f y114e wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x388 y114e wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td><td class=\"c x38c y114e w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114e wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td></tr><tr><td class=\"c x38a y114f wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Calor Industrial </div></td><td class=\"c x38f y114f wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114f wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114f w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114f wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x38f y1150 wd3 h5c\"><div class=\"t_1 m0_1 x1e h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">116<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y1150 wd5 h5c\"><div class=\"t_1 m0_1 x15 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.639<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y1150 w44 h5c\"><div class=\"t_1 m0_1 x22 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.327<span class=\"ls0_1\"> </span></div></td><td class=\"c x38d y1150 wd6 h5c\"><div class=\"t_1 m0_1 x11 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22.966<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _1\"> </span>Se recogen los compromisos<span class=\"_ _3\"></span> vigentes al 31/12/202<span class=\"_ _3\"></span>5 as<span class=\"_ _3\"></span>ociados a los<span class=\"_ _3\"></span> Ciclos I, <span class=\"ls13\">II</span> y III<span class=\"_ _3\"></span> del plan El <span class=\"_ _2\"></span>gasto devengado <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre de <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5 y <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>corresp<span class=\"_ _3\"></span>ondiente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los distintos <span class=\"_ _2\"></span>planes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retribuci\u00f3n, detallado consid<span class=\"_ _3\"></span>erando su contrapar<span class=\"_ _3\"></span>tida, es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w340 h198\" id=\"_062a6762-a028-4c0d-bebb-934aff5a693c\"><tr><td></td><td></td><td class=\"c x390 y1151 wd8 h24\"><div class=\"t_1 m0_1 xd8 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x391 y1151 wda h24\"><div class=\"t_1 m0_1 xcd h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td></td><td class=\"c x392 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de</div></td><td class=\"c x393 y1153 w342 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones<span class=\"_ _65\"> </span></div></td><td class=\"c x394 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de<span class=\"_ _65\"> </span></div></td><td class=\"c x396 y1152 w344 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones a<span class=\"_ _65\"> </span></div></td><td class=\"c x397 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1154 wd7 h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x392 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal</div></td><td class=\"c x398 y1156 w346 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a largo y<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal<span class=\"_ _65\"> </span></div></td><td class=\"c x399 y1155 w348 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">largo y corto</div></td><td class=\"c x39a y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x39b y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)</div></td><td class=\"c x393 y1158 w349 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">corto plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td><td class=\"c x39c y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)<span class=\"_ _65\"> </span></div></td><td class=\"c x39d y1157 w34b h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plazo (Nota 31)</div></td><td class=\"c x39a y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x39e y1159 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 31)<span class=\"_ _65\"> </span></div></td><td class=\"c x39f y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x3a0 y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y115b w34d h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-<span class=\"lsd\">2027<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115c wdb h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(142) </div></td><td class=\"c x3a2 y115c wdc h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x3a3 y115c wdd h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y115c wdf h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.437 </div></td><td class=\"c x3a4 y115c we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">392<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115c we1 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.045 </div></td></tr><tr><td class=\"c x28c y115d wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Celulosa Moldeada </span></div></td><td class=\"c x390 y115d wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115d wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115d wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115d wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115d we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115d we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x1ca y114c w33f h19b\"><div class=\"t_1 m0_1 x1c9 h20 y115e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115f wdb h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115f wdc h5c\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115f wdd h5c\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115f wdf h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115f we0 h5c\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115f we1 h5c\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1160 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Biometano </span></div></td><td class=\"c x390 y1160 wdb h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1160 wdc h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1160 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1160 wdf h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1160 we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1160 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1161 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Calor Industrial </span></div></td><td class=\"c x390 y1161 wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1161 wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1161 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1161 wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1161 we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1161 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x390 y1162 wdb h24\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1162 wdc h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">447<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1162 wdd h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y1162 wdf h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.021<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1162 we0 h24\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">975<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1162 we1 h24\"><div class=\"t_1 m0_1 x41 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.045<span class=\"ls0_1\"> </span></div></td></tr></table>Plan de ince<span class=\"_ _3\"></span>ntivo a largo plazo para el p<span class=\"_ _3\"></span>eriodo 2023<span class=\"_ _3\"></span>-<span class=\"ls10\">2027</span> El <span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e mayo<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2023 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Ordinaria <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Accionistas<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> Dom<span class=\"_ _3\"></span>inante <span class=\"_ _f\"></span><span class=\"ff6\">apro<span class=\"_ _3\"></span>b\u00f3 <span class=\"_ _3\"></span>el \u201cPlan<span class=\"_ _3\"></span> </span>de incentivo<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>2023-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _3\"></span>dirigido a<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>irectivos, i<span class=\"_ _3\"></span>ncluido <span class=\"_ _3\"></span>el Presidente <span class=\"_ _3\"></span>y Con<span class=\"_ _3\"></span>sejero <span class=\"_ _3\"></span>Delegado d<span class=\"_ _3\"></span>e la Sociedad, y otro<span class=\"_ _3\"></span>s empleados del Grupo<span class=\"_ _3\"></span> Ence (el \u201cPlan\u201d). <span class=\"_ _3\"></span><span class=\"ff3\"> </span>El Plan tiene un<span class=\"_ _3\"></span>a duraci\u00f3n de <span class=\"_ _3\"></span>5 a\u00f1os, es<span class=\"_ _3\"></span>to es, desde el 1/1/2023 h<span class=\"_ _3\"></span>asta el 31/12/<span class=\"_ _3\"></span>2027 y se d<span class=\"_ _3\"></span>ivid<span class=\"_ _3\"></span>e en 3 ci<span class=\"_ _3\"></span>clos anuales <span class=\"_ _10\"></span>solapados <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>3 <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ellos<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>independientes <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>s\u00ed, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _3\"></span>idar\u00e1n dentro <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>90 <span class=\"_ _d\"></span>d\u00edas <span class=\"_ _2\"></span>siguientes <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>\u00faltimo <span class=\"_ _2\"></span>a\u00f1o <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>ciclo<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _d\"></span><span class=\"ls0_1\"> <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>ciclo <span class=\"_ _2\"></span>I <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Plan <span class=\"_ _d\"></span>representa<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>un <span class=\"_ _d\"></span>60% <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _3\"></span> II y III representan un<span class=\"_ _3\"></span> 20% cada uno del incentivo to<span class=\"_ _3\"></span>tal.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>incentivo <span class=\"_ _f\"></span>de cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>estar\u00e1 <span class=\"_ _3\"></span>condicionado <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cumplimiento <span class=\"_ _f\"></span>de d<span class=\"_ _3\"></span>eterminados <span class=\"_ _3\"></span>objetiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>financieros, <span class=\"_ _f\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _13\"> </span>valor  para  el  accionista,  ap<span class=\"_ _2\"></span>robados<span class=\"_ _3\"></span>  por  e<span class=\"_ _2\"></span>l  Consejo  de <span class=\"_ _13\"> </span>Administraci\u00f3n  a propuesta d<span class=\"_ _3\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"_ _3\"></span> y Retribu<span class=\"_ _3\"></span>ciones.  El incentivo considerado en este Plan consiste en <span class=\"_ _2\"></span>un % de la <span class=\"_ _2\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _f\"></span>profesional <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>eneficiario, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>liquida <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>un 30% <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>efectivo, <span class=\"_ _f\"></span>excepto <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>miembros <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Comit\u00e9 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Direcci\u00f3n <span class=\"_ _f\"></span>cuya <span class=\"_ _f\"></span>liquidaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>100% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones. <span class=\"_ _10\"></span>El<span class=\"_ _65\"> </span>Presidente y <span class=\"_ _2\"></span>Consejero Delegado y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>resto de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>iembros del <span class=\"_ _2\"></span>Comit\u00e9 <span class=\"_ _2\"></span>de Direcci\u00f3n <span class=\"_ _2\"></span>asumen determinados compromisos de mantenim<span class=\"_ _3\"></span>iento de las<span class=\"_ _3\"></span> acciones recibidas.<span class=\"_ _3\"></span>  El <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de accion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>entregar se <span class=\"_ _3\"></span>determinar\u00e1 <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e referencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _3\"></span>de ENCE <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cotizaci\u00f3n <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>en los <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>d\u00edas <span class=\"_ _3\"></span>anteriores <span class=\"_ _3\"></span>y pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>al 31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre de <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ciclo.<span class=\"_ _2\"></span> El <span class=\"_ _f\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>siderar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _f\"></span><span class=\"lsf\">ciclo<span class=\"_ _3\"></span></span>s <span class=\"_ _f\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>3,24 <span class=\"_ _0\"></span>\u20ac/acci\u00f3n</span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">2,86 <span class=\"_ _f\"></span>\u20ac<span class=\"_ _3\"></span>/acci\u00f3n, <span class=\"_ _0\"></span></span><span class=\"ls17\">y <span class=\"_ _f\"></span></span>3,1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">\u20ac/acci\u00f3n, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _0\"></span>ciclos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span>81, <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>personas<span class=\"ls19\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _13\"> </span>coste  m\u00e1ximo  previsto  en <span class=\"_ _13\"> </span>su conjunto,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>considerando <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>grado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>100%<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>asciende <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>aproximad<span class=\"_ _3\"></span>amente <span class=\"_ _3\"></span>18,2 <span class=\"_ _f\"></span>millon<span class=\"ff6\">es <span class=\"_ _3\"></span>\u20ac</span> (2,8 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _3\"></span>ectivo y </span>4,9 millones d<span class=\"_ _3\"></span>e acciones)<span class=\"ls13\">. <span class=\"_ _3\"></span></span> Otros planes de retribuc<span class=\"_ _3\"></span>i\u00f3n a largo p<span class=\"_ _3\"></span>lazo <span class=\"ls39\">y </span>o<span class=\"_ _3\"></span>tros compromisos El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>aprob\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2024 tr<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>planes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>incentivo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dirigidos <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _3\"></span>empl<span class=\"_ _3\"></span>eados <span class=\"_ _3\"></span>clave<span class=\"_ _3\"></span> ligados <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>Celulosa <span class=\"_ _f\"></span>Moldeada, <span class=\"_ _3\"></span>Biog\u00e1s <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>Calor <span class=\"_ _3\"></span>Indus<span class=\"_ _3\"></span>trial. <span class=\"_ _f\"></span>Los <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>tienen <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>duraci\u00f3n <span class=\"_ _f\"></span>de 4,5 a\u00f1os, se liquidan en ef<span class=\"_ _2\"></span>ectivo, y su consecuci\u00f3n est\u00e1 condicionada al cumplimiento de una serie <span class=\"_ _2\"></span>de objetivos ligados al desar<span class=\"_ _3\"></span>rollo de dicho<span class=\"_ _3\"></span>s negocios. Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2021 <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plan<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incentivo <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>largo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plaz<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>dirigido<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a  determinados<span class=\"_ _3\"></span> empleados <span class=\"_ _10\"></span>clave <span class=\"_ _10\"></span>ligados <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>Renovables. <span class=\"_ _10\"> </span>El <span class=\"_ _10\"></span>plan <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"> </span>una <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>5 <span class=\"_ _0\"></span>a\u00f1os, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>liquida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>as\u00ed <span class=\"_ _19\"> </span>mismo <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>consecuci\u00f3n <span class=\"_ _19\"> </span>est\u00e1 <span class=\"_ _19\"> </span>condicionada <span class=\"_ _16\"> </span>al <span class=\"_ _19\"> </span>cumplimiento <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>determinados <span class=\"_ _19\"> </span>objetivos financieros y n<span class=\"_ _3\"></span>o financieros. De <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>previsto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Celulosa, <span class=\"_ _f\"></span>S.A. <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>el periodo 2019-2023, <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>procedi\u00f3 a <span class=\"_ _d\"></span>la liquidaci\u00f3n del <span class=\"_ _d\"></span>Ciclo <span class=\"_ _2\"></span>II <span class=\"_ _2\"></span>del citado <span class=\"_ _2\"></span>Plan, <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>ha supuso la liquidaci\u00f3n, d<span class=\"_ _3\"></span>espu\u00e9s de impuestos, d<span class=\"_ _3\"></span>e 236 miles \u20ac y 95 miles acciones d<span class=\"_ _3\"></span>e ENCE.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _f\"></span>24 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>marzo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>20<span class=\"_ _3\"></span>22 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Cons<span class=\"_ _3\"></span>ejo <span class=\"_ _f\"></span>Ad<span class=\"_ _3\"></span>ministraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Mag<span class=\"_ _3\"></span>non <span class=\"_ _f\"></span>Green <span class=\"_ _f\"></span>Energy, <span class=\"_ _f\"></span>S.L., <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _2\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _2\"></span>iciarios percibir <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>extraordinaria <span class=\"_ _3\"></span>pagadera <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>met\u00e1lico <span class=\"_ _3\"></span>y v<span class=\"_ _3\"></span>inculada <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>rentabilidad <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>los<span class=\"_ _65\"> </span>accionistas <span class=\"_ _3\"></span>entre el <span class=\"_ _3\"></span>18 de <span class=\"_ _3\"></span>diciembre de 2<span class=\"_ _3\"></span>020 y <span class=\"_ _3\"></span>el 18 de <span class=\"_ _3\"></span>diciembre d<span class=\"_ _3\"></span>e 2028. <span class=\"_ _3\"></span>Son requis<span class=\"_ _3\"></span>itos par<span class=\"_ _3\"></span>a su d<span class=\"_ _3\"></span>evengo la <span class=\"_ _13\"> </span>consecuci\u00f3n  de <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>tasa <span class=\"_ _13\"> </span>interna <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>rentabilidad <span class=\"_ _13\"> </span>(TIR) <span class=\"_ _10\"> </span>m\u00ednima  para <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>accionista <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>10%, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>el beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la  fecha <span class=\"_ _13\"> </span>de  pago,  con  las salvedades h<span class=\"_ _2\"></span>abituales <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>este <span class=\"_ _2\"></span>tipo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>incentivo<span class=\"_ _3\"></span>s. <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>colectivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>lan <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>diciembre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>lo <span class=\"_ _d\"></span>forman<span class=\"_ _3\"></span> 4 person<span class=\"_ _3\"></span>as, y el <span class=\"_ _3\"></span>coste m\u00e1ximo <span class=\"_ _3\"></span>previsto, cons<span class=\"_ _3\"></span>iderando un <span class=\"_ _3\"></span>grado de consecuci\u00f3n <span class=\"_ _3\"></span>del 100%, <span class=\"_ _3\"></span>asciende <span class=\"_ _f\"></span><span class=\"ls2a\">a </span>3.749 m<span class=\"ff6\">iles \u20ac.<span class=\"_ _65\"> </span></span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _43\"> </span><span class=\"ff2\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este ep\u00edgrafe <span class=\"_ _2\"></span>del Estado <span class=\"_ _2\"></span>de Resultado consolidado <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>ejercicios 2025 y <span class=\"_ _2\"></span>2024 en <span class=\"_ _2\"></span>los distintos negocios desarrollad<span class=\"_ _3\"></span>os por ENCE es el s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _65\"> </span>31/<span class=\"lsd\">12</span>/2025 31/<span class=\"lsd\">12</span>/2024 Miles de euros Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Servicios exteriores   <span class=\"ls0_1\">124.270    </span>  <span class=\"ls0_1\">77.550    </span>  <span class=\"ls0_1\">200.450    </span>  <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.113    </span>  <span class=\"ls0_1\">3.534    </span>  <span class=\"ls0_1\">12.647    </span>  <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>Tributos    <span class=\"ls0_1\">5.055    </span>  <span class=\"lsd\">14<span class=\"ls0_1\">.</span>711</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">19.767</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.808    </span>  <span class=\"ls0_1\">12.601    </span>  <span class=\"ls0_1\">17.409    </span>Variaci\u00f3n de las provisiones de tr\u00e1fico y otros   <span class=\"ls0_1\">1.392    </span>  <span class=\"lsd\">496   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.888    </span>  <span class=\"lsd\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>Otros gastos no ordinarios de las operaciones (**)   <span class=\"ls0_1\">2.164    </span>  <span class=\"ls0_1\">4.892    </span>  <span class=\"ls0_1\">7.056    </span>  <span class=\"lsd\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">719<span class=\"_ _65\"> </span></span>141.994   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">101.183   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">241.808   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">212.590   <span class=\"ls0_1\"> </span></span>(*) <span class=\"_ _44\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferen<span class=\"_ _2\"></span>cia <span class=\"_ _f\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidad<span class=\"_ _2\"></span>o\u201d <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>202<span class=\"ff3\">5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los </span></span>negocios <span class=\"_ _3\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _3\"></span>Renovable\u201d <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>corresp<span class=\"_ _2\"></span>onde <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>eliminaciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>operaciones <span class=\"_ _3\"></span>ef<span class=\"_ _3\"></span>ectuadas <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>dichos<span class=\"_ _3\"></span> negocios en 2025 <span class=\"ls35\">y 202</span>4 por 1.369 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye, principalmente<span class=\"_ _2\"></span>, deterioro <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>existencias e<span class=\"_ _2\"></span>n concepto d<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>valor neto <span class=\"_ _2\"></span>de re<span class=\"_ _2\"></span>alizaci\u00f3n por <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>de 2.164 <span class=\"_ _2\"></span>miles d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> euros en el Negocio Celulosa y de<span class=\"_ _3\"></span>terioro existencias de 1 proyecto fo<span class=\"_ _3\"></span>tovoltaico por importe de 4.892 miles de euros en el Negocio Renovables (V\u00e9ase nota 20). El <span class=\"_ _2\"></span>Real <span class=\"_ _d\"></span>Decr<span class=\"_ _3\"></span>eto <span class=\"_ _d\"></span>8/<span class=\"_ _3\"></span>2023 <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>adop<span class=\"_ _3\"></span>tan <span class=\"_ _2\"></span>medidas <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _2\"></span>afrontar <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>secuencias <span class=\"_ _2\"></span>econ\u00f3micas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y sociales<span class=\"_ _2\"></span> derivadas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>conflictos <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Ucrania <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>Ori<span class=\"_ _3\"></span>ente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>palia<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ef<span class=\"_ _2\"></span>ectos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>sequ\u00eda, aprobado el 27 de diciembre, recupera el Imp<span class=\"_ _3\"></span>uesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _3\"></span> desde el 1 de <span class=\"_ _f\"></span>enero <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _f\"></span>progresiva, <span class=\"_ _f\"></span>quedan<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>fijado <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>definitivo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>7% <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>parti<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>1 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _f\"></span>de 2024. El coste asociad<span class=\"_ _3\"></span>o a este impuesto s<span class=\"_ _3\"></span>e recoge en el ep\u00edgrafe \u201cTribu<span class=\"_ _3\"></span>tos\u201d.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Servicios exteriores </span></span>El desglose por <span class=\"_ _3\"></span>conceptos del gasto de s<span class=\"_ _3\"></span>ervicios exteriores de los ejercicios 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5 y 2024 es<span class=\"_ _3\"></span> el siguiente: <table class=\"s w34f h19d\" id=\"_b23cbb09-2540-47b1-acc0-b923baa0ba2e\"><tr><td></td><td></td><td class=\"c x3b8 y116d wec haa\"><div class=\"t_1 m0_1 xe8 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3b9 y116d wed haa\"><div class=\"t_1 m0_1 x45 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x34c y116e web h8e\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3ba y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bb y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bc y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x3bd y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3be y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bf y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x3c0 y1170 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c1 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c2 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x3c3 y1170 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c4 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c5 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x34c y1171 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Transportes, fletes y costes comerciales </div></td><td class=\"c x3b8 y1171 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">42.991    </span></div></td><td class=\"c x3c6 y1171 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.440    </span></div></td><td class=\"c x3c7 y1171 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">59.431    </span></div></td><td class=\"c x3b9 y1171 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">45.822    </span></div></td><td class=\"c x3c8 y1171 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.590    </span></div></td><td class=\"c x3c9 y1171 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.412    </span></div></td></tr><tr><td class=\"c x34c y1172 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Suministros (**) </div></td><td class=\"c x3b8 y1172 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.043    </span></div></td><td class=\"c x3c6 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.039    </span></div></td><td class=\"c x3c7 y1172 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.892    </span></div></td><td class=\"c x3b9 y1172 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.786    </span></div></td><td class=\"c x3c8 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.858    </span></div></td><td class=\"c x3c9 y1172 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.454    </span></div></td></tr><tr><td class=\"c x34c y1173 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reparaciones y conservaci\u00f3n </div></td><td class=\"c x3b8 y1173 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.071    </span></div></td><td class=\"c x3c6 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.342    </span></div></td><td class=\"c x3c7 y1173 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">36.413    </span></div></td><td class=\"c x3b9 y1173 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.001    </span></div></td><td class=\"c x3c8 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.534    </span></div></td><td class=\"c x3c9 y1173 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">34.535    </span></div></td></tr><tr><td class=\"c x34c y1174 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de profesionales independientes </div></td><td class=\"c x3b8 y1174 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.978    </span></div></td><td class=\"c x3c6 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.280    </span></div></td><td class=\"c x3c7 y1174 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">14.258    </span></div></td><td class=\"c x3b9 y1174 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.378    </span></div></td><td class=\"c x3c8 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c9 y1174 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.126    </span></div></td></tr><tr><td class=\"c x34c y1175 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Primas de seguros </div></td><td class=\"c x3b8 y1175 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.867    </span></div></td><td class=\"c x3c6 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.126    </span></div></td><td class=\"c x3c7 y1175 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.993    </span></div></td><td class=\"c x3b9 y1175 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.540    </span></div></td><td class=\"c x3c8 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.278    </span></div></td><td class=\"c x3c9 y1175 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.818    </span></div></td></tr><tr><td class=\"c x34c y1176 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios bancarios y similares </div></td><td class=\"c x3b8 y1176 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.515    </span></div></td><td class=\"c x3c6 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.010    </span></div></td><td class=\"c x3c7 y1176 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.489    </span></div></td><td class=\"c x3b9 y1176 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c8 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.179    </span></div></td><td class=\"c x3c9 y1176 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.922    </span></div></td></tr><tr><td class=\"c x34c y1177 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos y c\u00e1nones (Nota 17) </div></td><td class=\"c x3b8 y1177 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">824   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">515   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1177 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.339    </span></div></td><td class=\"c x3b9 y1177 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">542   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">292   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1177 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">834   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y1178 web h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Publicidad, propaganda y relaciones p\u00fablicas  </div></td><td class=\"c x3b8 y1178 wb7 h5c\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.807    </span></div></td><td class=\"c x3c6 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">154   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1178 wef h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.961    </span></div></td><td class=\"c x3b9 y1178 wf0 h5c\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.741    </span></div></td><td class=\"c x3c8 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1178 wba h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.919    </span></div></td></tr><tr><td class=\"c x34c y1179 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de investigaci\u00f3n y desarrollo </div></td><td class=\"c x3b8 y1179 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1179 wee h24\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c7 y1179 wef h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y1179 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1179 wee h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c9 y1179 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y117a web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3b8 y117a wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.929    </span></div></td><td class=\"c x3c6 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">25.644    </span></div></td><td class=\"c x3c7 y117a wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.429    </span></div></td><td class=\"c x3b9 y117a wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.204    </span></div></td><td class=\"c x3c8 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.242    </span></div></td><td class=\"c x3c9 y117a wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.359    </span></div></td></tr><tr><td></td><td class=\"c x3b8 y117b wb7 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">124.270   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">77.550   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y117b wef h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">200.450   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y117b wf0 h24\"><div class=\"t_1 m0_1 x31 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">118.862   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">61.900   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y117b wba h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179.479   <span class=\"ls0_1\"> </span></span></div></td></tr></table>(*) <span class=\"_ _19\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span><span class=\"ff3\">5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los </span></span>N<span class=\"ff6\">egocios \u201cCelulosa\u201d <span class=\"_ _3\"></span>y \u201c<span class=\"_ _3\"></span>Energ\u00eda R<span class=\"_ _3\"></span>enovable\u201d se <span class=\"_ _3\"></span>corresponde co<span class=\"_ _3\"></span>n eliminaciones <span class=\"_ _3\"></span>de o<span class=\"_ _3\"></span>peraciones efectuadas <span class=\"_ _3\"></span>entre d<span class=\"_ _3\"></span>ichos </span>Negocios en 20<span class=\"lsd\">25</span> <span class=\"ls35\">y 202</span>4 por 1.3<span class=\"lsd\">69</span> miles <span class=\"ff6 lsd\">\u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye <span class=\"_ _d\"></span>principalmente l<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>compra <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>importe de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>19.731 <span class=\"ff6\">mil<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>\u20ac<span class=\"ff3\"> <span class=\"_ _2\"></span>(15.788 <span class=\"_ _2\"></span>N <span class=\"_ _2\"></span>Celulosa <span class=\"_ _d\"></span>y 3.853 <span class=\"_ _d\"></span>Negocio </span></span>Renovables) (17.587 en 2024. 14.313 N Celulosa y 3.274 Negocio Renovables).<span class=\"_ _65\"> </span>ENCE <span class=\"_ _2\"></span>tiene <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>seguro de <span class=\"_ _d\"></span>responsabilidad <span class=\"_ _2\"></span>civil <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>cubre <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>to<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>sus <span class=\"_ _d\"></span>administradores y <span class=\"_ _d\"></span>directivos por <span class=\"_ _3\"></span>da\u00f1os <span class=\"_ _f\"></span>ocasionados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>actos <span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>omisiones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cargo. <span class=\"_ _3\"></span>Su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>sido de <span class=\"ls10\">74 </span><span class=\"ff6\">miles \u20ac y<span class=\"_ _3\"></span></span> <span class=\"ls10\">82</span> miles <span class=\"ff6\">\u20ac</span>, resp<span class=\"_ _3\"></span>ectivamente<span class=\"ls13\">.<span class=\"_ _65\"> </span></span>12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Honorarios de auditor\u00eda </span></span>La firm<span class=\"_ _2\"></span>a que ha <span class=\"_ _2\"></span>auditado las cuentas de <span class=\"_ _2\"></span>las sociedades que <span class=\"_ _2\"></span>conforman el Grupo <span class=\"_ _2\"></span>ENCE en 2025 y 2024 ha <span class=\"_ _2\"></span>sido KPMG Auditores, S.L. <span class=\"_ _3\"></span>(v\u00e9ase Anexo I).<span class=\"_ _3\"></span> Durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>honorarios <span class=\"_ _f\"></span>relativos a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>servicios <span class=\"_ _f\"></span>de au<span class=\"_ _3\"></span>ditor\u00eda <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>otros servicios prestad<span class=\"_ _3\"></span>os por el auditor o por empresas<span class=\"_ _3\"></span> vinculadas al au<span class=\"_ _3\"></span>ditor han sido los siguientes:<span class=\"_ _f\"></span><span class=\"ff4 fs4\"> </span> <table class=\"s w351 h19e\" id=\"_c22a1dba-e8e4-4eba-91ce-7813d8f8d41d\"><tr><td class=\"c x227 y117c wf2 had\"><div class=\"t_1 m0_1 x10 h58 y45 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x3ca y117c wa9 had\"><div class=\"t_1 m0_1 xe h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117c wf3 had\"><div class=\"t_1 m0_1 x31 h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117d wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de auditor\u00eda </div></td><td class=\"c x3ca y117d wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">236<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117d wf3 haf\"><div class=\"t_1 m0_1 x50 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">220<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117e wf2 hb0\"><div class=\"t_1 m0_1 x10 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios relacionados con la auditor\u00eda </div></td><td class=\"c x3ca y117e wa9 hb0\"><div class=\"t_1 m0_1 x19 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117e wf3 hb0\"><div class=\"t_1 m0_1 x86 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117f wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3ca y117f wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">118<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117f wf3 haf\"><div class=\"t_1 m0_1 x86 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td></tr></table>Los servicios prestados por el <span class=\"_ _2\"></span>auditor en 2025, relacionados con los servicios de a<span class=\"_ _2\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _15\"> </span>revisi\u00f3n <span class=\"_ _15\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _19\"> </span>ra<span class=\"_ _3\"></span>tios <span class=\"_ _15\"> </span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>atender <span class=\"_ _15\"> </span>a <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>obligacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>recogidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _15\"> </span>de financiaci\u00f3n, <span class=\"_ _3\"></span>servicios d<span class=\"_ _3\"></span>e verificaci\u00f3n d<span class=\"_ _3\"></span>el sistema <span class=\"_ _3\"></span>de control <span class=\"_ _3\"></span>interno <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>informaci\u00f3n financiera <span class=\"_ _3\"></span>y s<span class=\"_ _3\"></span>ervicios de <span class=\"_ _1b\"> </span>revisi\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinadas <span class=\"_ _1b\"> </span>magnitu<span class=\"_ _3\"></span>des <span class=\"_ _1b\"> </span>finan<span class=\"_ _3\"></span>cieras <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _1b\"> </span>acreditar <span class=\"_ _1b\"> </span>la <span class=\"_ _1b\"> </span>condici\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>consumidor electrointensivo <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pago <span class=\"_ _3\"></span>legal <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>arias <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo. <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>el apartado \u201cOt<span class=\"_ _3\"></span>ros servicios\u201d incluye principalmente serv<span class=\"_ _3\"></span>icios de verificaci\u00f3n <span class=\"_ _3\"></span><span class=\"ff3\">d<span class=\"_ _3\"></span>el Informe de<span class=\"_ _3\"></span> Sostenibilidad<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span></span>13.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Gastos e ingresos financieros </span></span>El <span class=\"_ _f\"></span>detalle <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _0\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _f\"></span>Consolidado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _f\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>como sigue:<table class=\"s w352 h19f\" id=\"_baa655d5-36f8-479d-be34-13a9dd261481\"><tr><td></td><td></td><td class=\"c x3cd y1180 wf6 h24\"><div class=\"t_1 m0_1 xb6 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3ce y1180 wf8 h24\"><div class=\"t_1 m0_1 x99 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x3cf y1181 wf5 hb2\"><div class=\"t_1 m0_1 x10 h20 yb7 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3d0 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d1 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3d2 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d3 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3d4 y1183 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d5 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d6 y1181 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x3d2 y1183 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d7 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d8 y1181 wfc h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1184 w353 h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones / Notas</div></td><td class=\"c x3cd y1185 wf9 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y1185 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1185 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y1185 w4b h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3da y1185 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.399)    </span></div></td><td class=\"c x3d8 y1185 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.399)    </span></div></td></tr><tr><td class=\"c x3cf y1186 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros </div></td><td class=\"c x3cd y1186 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(17.799)    </span></div></td><td class=\"c x3d9 y1186 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(9.414)    </span></div></td><td class=\"c x3d6 y1186 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.213)    </span></div></td><td class=\"c x3ce y1186 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(22.741)    </span></div></td><td class=\"c x3da y1186 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(6.926)    </span></div></td><td class=\"c x3d8 y1186 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(29.667)    </span></div></td></tr><tr><td class=\"c x3cf y1187 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera Vajdm (Nota 29) </div></td><td class=\"c x3cd y1187 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.699)    </span></div></td><td class=\"c x3d9 y1187 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.939)    </span></div></td><td class=\"c x3d6 y1187 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(5.638)    </span></div></td><td class=\"c x3ce y1187 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.053)    </span></div></td><td class=\"c x3da y1187 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.001)    </span></div></td><td class=\"c x3d8 y1187 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.054)    </span></div></td></tr><tr><td class=\"c x3cf y1188 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera de provisiones </div></td><td class=\"c x3cd y1188 wf9 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3d9 y1188 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1188 wfb h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3ce y1188 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td><td class=\"c x3da y1188 w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d8 y1188 wfc h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td></tr><tr><td class=\"c x3cf y1189 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones y otros gastos </div></td><td class=\"c x3cd y1189 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.989)    </span></div></td><td class=\"c x3d9 y1189 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.682)    </span></div></td><td class=\"c x3d6 y1189 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.671)    </span></div></td><td class=\"c x3ce y1189 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(985)    </span></div></td><td class=\"c x3da y1189 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.544)    </span></div></td><td class=\"c x3d8 y1189 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.529)    </span></div></td></tr><tr><td class=\"c x3cf y118a wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero intra-negocio </div></td><td class=\"c x3cd y118a wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.504    </span></div></td><td class=\"c x3d9 y118a wfa h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.504)    </div></td><td class=\"c x3d6 y118a wfb h24\"><div class=\"t_1 m0_1 x99 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x3ce y118a w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.660    </span></div></td><td class=\"c x3da y118a w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.660)    </span></div></td><td class=\"c x3d8 y118a wfc h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3cf y118b wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso sobre activos (Nota 17) </div></td><td class=\"c x3cd y118b wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.633)    </span></div></td><td class=\"c x3d9 y118b wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(198)    </span></div></td><td class=\"c x3d6 y118b wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.831)    </span></div></td><td class=\"c x3ce y118b w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.289)    </span></div></td><td class=\"c x3da y118b w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(141)    </span></div></td><td class=\"c x3d8 y118b wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.433)    </span></div></td></tr><tr><td></td><td class=\"c x3cd y118c wf9 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(24.445)    </span></div></td><td class=\"c x3d9 y118c wfa h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(18.737)    </span></div></td><td class=\"c x3d6 y118c wfb h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(43.182)    </span></div></td><td class=\"c x3ce y118c w4b h5c\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.377)    </span></div></td><td class=\"c x3da y118c w71 h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(19.671)    </span></div></td><td class=\"c x3d8 y118c wfc h5c\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(47.051)    </span></div></td></tr><tr><td class=\"c x1ca y118d w354 h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 27)</div></td><td class=\"c x3cd y118e wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118e wfa h24\"><div class=\"t_1 m0_1 x22 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11<span class=\"ls0_1\">2</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118e wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.679</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118e w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.441    </span></div></td><td class=\"c x3da y118e w71 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">115   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3d8 y118e wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.556    </span></div></td></tr><tr><td class=\"c x3cf y118f wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos financieros </div></td><td class=\"c x3cd y118f wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.1<span class=\"lsd\">89</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118f wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.531</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118f wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.720</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118f w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.507    </span></div></td><td class=\"c x3da y118f w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.153    </span></div></td><td class=\"c x3d8 y118f wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.660    </span></div></td></tr><tr><td class=\"c x3cf y1190 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura- </div></td><td class=\"c x3cd y1191 wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.756    </span></div></td><td class=\"c x3d9 y1191 wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.643    </span></div></td><td class=\"c x3d6 y1191 wfb h24\"><div class=\"t_1 m0_1 x1e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.399    </span></div></td><td class=\"c x3ce y1191 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.948    </span></div></td><td class=\"c x3da y1191 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.268    </span></div></td><td class=\"c x3d8 y1191 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.216    </span></div></td></tr><tr><td class=\"c x3cf y1192 wf5 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span></div></td><td class=\"c x3cd y1192 wf9 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1192 wfa h25\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1192 wfb h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1192 w4b h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1192 w71 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1192 wfc h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1193 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1193 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1193 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1193 w4b h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1193 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1193 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1194 wf9 h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">16.785</span>)    </span></div></td><td class=\"c x3d9 y1194 wfa h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(16.590)    </span></div></td><td class=\"c x3d6 y1194 wfb h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">33.375</span>)    </span></div></td><td class=\"c x3ce y1194 w4b h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(18.592)    </span></div></td><td class=\"c x3da y1194 w71 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(13.827)    </span></div></td><td class=\"c x3d8 y1194 wfc h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(32.419)    </span></div></td></tr></table>La cuenta <span class=\"_ _3\"></span>\u201cOtros <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>financieros\u201d<span class=\"_ _3\"></span> recoge <span class=\"_ _3\"></span>principalmen<span class=\"_ _3\"></span>te la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los exc<span class=\"_ _3\"></span>edentes de<span class=\"_ _3\"></span> tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"_ _0\"></span><span class=\"ff2\">Aprovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _3\"></span>amientos\u201d en lo<span class=\"_ _3\"></span>s ejercicios 202</span>5 <span class=\"_ _3\"></span>y 2024 se des<span class=\"_ _3\"></span>glosa en:<table class=\"s w333 h190\" id=\"_524ddec8-54c0-4bc2-80db-0b7448695119\"><tr><td></td><td></td><td class=\"c x35c y1115 wbd h66\"><div class=\"t_1 m0_1 x26 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x35d y1115 wbe h66\"><div class=\"t_1 m0_1 x41 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x35e y1116 wbc h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x35f y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x360 y1117 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x361 y1117 w334 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x363 y1117 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x364 y1117 w335 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x35f y1118 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x365 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x366 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x362 y1118 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x367 y1118 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x368 y1118 w336 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x35e y1119 wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x35c y1119 wbf h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">285.135    </span></div></td><td class=\"c x369 y1119 wc0 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.589    </span></div></td><td class=\"c x36a y1119 wc1 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">345.365    </span></div></td><td class=\"c x35d y1119 wc2 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">303.474    </span></div></td><td class=\"c x36b y1119 wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.659    </span></div></td><td class=\"c x36c y1119 wc4 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">352.448    </span></div></td></tr><tr><td class=\"c x1ca y111a w337 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n de existencias de</div></td><td class=\"c x35c y111b wbf h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(5.<span class=\"lsd\">311</span>)    </span></div></td><td class=\"c x369 y111b wc0 h86\"><div class=\"t_1 m0_1 x2f h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.875)    </span></div></td><td class=\"c x36a y111b wc1 h86\"><div class=\"t_1 m0_1 x86 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(10.186)    </span></div></td><td class=\"c x35d y111b wc2 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(7.885)    </span></div></td><td class=\"c x36b y111b wc3 h86\"><div class=\"t_1 m0_1 xc h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(456)    </span></div></td><td class=\"c x36c y111b wc4 h86\"><div class=\"t_1 m0_1 x19 h20 y575 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(8.341)    </span></div></td></tr><tr><td class=\"c x1ca y111c w338 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">materias primas y auxiliares<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x35e y111d wbc h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos externos </div></td><td class=\"c x35c y111d wbf h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">59.722   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x369 y111d wc0 h24\"><div class=\"t_1 m0_1 x11 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.162    </span></div></td><td class=\"c x36a y111d wc1 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">68.884   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x35d y111d wc2 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.941    </span></div></td><td class=\"c x36b y111d wc3 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.155    </span></div></td><td class=\"c x36c y111d wc4 h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.096    </span></div></td></tr><tr><td></td><td class=\"c x35c y111e wbf h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">339.546 <span class=\"ls0_1\"> </span></div></td><td class=\"c x369 y111e wc0 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66.876 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36a y111e wc1 h25\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">404.063 <span class=\"ls0_1\"> </span></div></td><td class=\"c x35d y111e wc2 h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">360.530 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36b y111e wc3 h25\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">68.358 <span class=\"ls0_1\"> </span></div></td><td class=\"c x36c y111e wc4 h25\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">425.203 <span class=\"ls0_1\"> </span></div></td></tr></table>(*)  <span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>informac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidado\u201d <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agregaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los negocios <span class=\"_ _f\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _f\"></span>Renovable\u201d <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>eliminaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>efectuadas <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>dichos negocios en 2025 <span class=\"ls35\">y 202</span>4 por 2.359 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y </span>3.685 <span class=\"ff6\">miles \u20ac, respectivamente</span>. En este <span class=\"_ _3\"></span>ep\u00edgrafe se <span class=\"_ _3\"></span>incluyen p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>costes d<span class=\"_ _3\"></span>e adquis<span class=\"_ _3\"></span>ici\u00f3n <span class=\"_ _3\"></span>de madera, <span class=\"_ _3\"></span>de p<span class=\"_ _3\"></span>roductos qu<span class=\"_ _3\"></span>\u00edmicos, <span class=\"_ _3\"></span>de combustibles  y  de <span class=\"_ _13\"> </span>otros <span class=\"_ _13\"> </span>costes  variables,  as\u00ed <span class=\"_ _13\"> </span>como  cost<span class=\"_ _2\"></span>es  asociados  a <span class=\"_ _13\"> </span>servicios  de <span class=\"_ _13\"> </span>aprovechamiento  y transporte d<span class=\"_ _3\"></span>e madera.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "11.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Personal </span></span>Los <span class=\"_ _3\"></span>gas<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personal <span class=\"_ _f\"></span>incurridos <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios 202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>distinto<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>desarro<span class=\"_ _3\"></span>llados <span class=\"_ _3\"></span>por ENCE son<span class=\"_ _3\"></span> los siguientes: <table class=\"s w339 h192\" id=\"_4d209729-eccd-4f1d-8b39-1caca52cd0d8\"><tr><td></td><td></td><td class=\"c x36d y111f wb1 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x36e y111f wc7 h9b\"><div class=\"t_1 m0_1 x23 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x1c5 y1120 wc5 h9c\"><div class=\"t_1 m0_1 x10 h20 y14e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x36f y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x370 y1121 w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x371 y1121 w334 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x372 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x373 y1121 w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x374 y1121 w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x375 y1122 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x376 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x377 y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y1122 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x379 y1122 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x37a y1122 w336 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1c5 y1123 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sueldos y salarios </div></td><td class=\"c x36d y1123 w21 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">62.880    </span></div></td><td class=\"c x37b y1123 wc8 h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.659    </span></div></td><td class=\"c x37c y1123 wc9 h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.539    </span></div></td><td class=\"c x36e y1123 w18 h72\"><div class=\"t_1 m0_1 x19 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">64.468    </span></div></td><td class=\"c x37d y1123 wca h72\"><div class=\"t_1 m0_1 x3a h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.160    </span></div></td><td class=\"c x37e y1123 wcb h72\"><div class=\"t_1 m0_1 x2_1 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">81.628    </span></div></td></tr><tr><td class=\"c x1c5 y1124 wc5 h98\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Seguridad Social </div></td><td class=\"c x36d y1124 w21 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">18.102    </span></div></td><td class=\"c x37b y1124 wc8 h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.230    </span></div></td><td class=\"c x37c y1124 wc9 h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.332    </span></div></td><td class=\"c x36e y1124 w18 h98\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.090    </span></div></td><td class=\"c x37d y1124 wca h98\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.378    </span></div></td><td class=\"c x37e y1124 wcb h98\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.468    </span></div></td></tr><tr><td class=\"c x1c5 y1125 wc5 h38\"><div class=\"t_1 m0_1 x10 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aportaci\u00f3n planes pensiones </div></td><td class=\"c x36d y1125 w21 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.537    </span></div></td><td class=\"c x37b y1125 wc8 h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">604   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1125 wc9 h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.141 </div></td><td class=\"c x36e y1125 w18 h38\"><div class=\"t_1 m0_1 x1f h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.362    </span></div></td><td class=\"c x37d y1125 wca h38\"><div class=\"t_1 m0_1 x14 h20 y510 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">453   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37e y1125 wcb h38\"><div class=\"t_1 m0_1 x18 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.815 </div></td></tr><tr><td class=\"c x1c5 y1126 wc5 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos sociales </div></td><td class=\"c x36d y1126 w21 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.820 </div></td><td class=\"c x37b y1126 wc8 h97\"><div class=\"t_1 m0_1 x58 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">261<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1126 wc9 h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.081 </div></td><td class=\"c x36e y1126 w18 h97\"><div class=\"t_1 m0_1 x30 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.791 </div></td><td class=\"c x37d y1126 wca h97\"><div class=\"t_1 m0_1 x15 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">232<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1126 wcb h97\"><div class=\"t_1 m0_1 x18 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.023 </div></td></tr><tr><td></td><td class=\"c x36d y1127 w21 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.339 </div></td><td class=\"c x37b y1127 wc8 h97\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.754 </div></td><td class=\"c x37c y1127 wc9 h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">110.093 </div></td><td class=\"c x36e y1127 w18 h97\"><div class=\"t_1 m0_1 x1f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.711 </div></td><td class=\"c x37d y1127 wca h97\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.223 </div></td><td class=\"c x37e y1127 wcb h97\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">107.934 </div></td></tr><tr><td class=\"c x1c5 y1128 wc5 h9d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Planes retribuci\u00f3n a largo plazo </div></td><td class=\"c x36d y1128 w21 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">71</span>) </div></td><td class=\"c x37b y1128 wc8 h9d\"><div class=\"t_1 m0_1 x14 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">447   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x37c y1128 wc9 h9d\"><div class=\"t_1 m0_1 xcb h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">376   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x36e y1128 w18 h9d\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.536 </div></td><td class=\"c x37d y1128 wca h9d\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">485<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1128 wcb h9d\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.021 </div></td></tr><tr><td class=\"c x1c5 y1129 wc5 h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones </div></td><td class=\"c x36d y1129 w21 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.694 </div></td><td class=\"c x37b y1129 wc8 h72\"><div class=\"t_1 m0_1 x58 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">435<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1129 wc9 h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.129 </div></td><td class=\"c x36e y1129 w18 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.372 </div></td><td class=\"c x37d y1129 wca h72\"><div class=\"t_1 m0_1 x15 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">771<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1129 wcb h72\"><div class=\"t_1 m0_1 x18 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.143 </div></td></tr><tr><td class=\"c x1c5 y112a wc5 h86\"><div class=\"t_1 m0_1 x10 h20 y4d6 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos de personal no </div><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ordinarios (Nota 31) </div></td><td class=\"c x36d y112a w21 h86\"><div class=\"t_1 m0_1 x1f h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.998 </div></td><td class=\"c x37b y112a wc8 h86\"><div class=\"t_1 m0_1 x2b h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112a wc9 h86\"><div class=\"t_1 m0_1 x2_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">23.998    </span></div></td><td class=\"c x36e y112a w18 h86\"><div class=\"t_1 m0_1 x31 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112a wca h86\"><div class=\"t_1 m0_1 x1_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112a wcb h86\"><div class=\"t_1 m0_1 x82 h20 y63b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x36d y112b w21 h38\"><div class=\"t_1 m0_1 x2b h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">110.960<span class=\"ls0_1\"> </span></div></td><td class=\"c x37b y112b wc8 h38\"><div class=\"t_1 m0_1 x22 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">25.636<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y112b wc9 h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">136.596<span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y112b w18 h38\"><div class=\"t_1 m0_1 x1f h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.619<span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y112b wca h38\"><div class=\"t_1 m0_1 xc7 h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">23.479<span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y112b wcb h38\"><div class=\"t_1 m0_1 xc h58 y510 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">113.098<span class=\"ls0_1\"> </span></div></td></tr></table>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Datos de plantilla </span></span>La <span class=\"_ _3\"></span>plantilla <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>de los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024, d<span class=\"_ _3\"></span>etallada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>profesional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>sexo, <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la siguiente:<table class=\"s w33a h193\" id=\"_e45e3ea2-50ac-4b86-93ed-212a7bb2da39\"><tr><td></td><td></td><td class=\"c x380 y112c wcc h9f\"><div class=\"t_1 m0_1 xd8 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero Medio de Empleados del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y112e w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y112e wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y112e w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y112e wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y112e w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y112f w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57 </div></td><td class=\"c x383 y112f wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y112f w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78 </div></td><td class=\"c x381 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y112f wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y112f w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1130 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">70<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1130 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1130 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1130 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1130 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">102<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1131 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">68<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1131 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y1131 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">74<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">67<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1131 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x386 y1131 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1132 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">231<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1132 wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">147<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1132 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">378<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">221<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1132 wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">150<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1132 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1133 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1133 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1133 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1133 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1133 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1134 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">334<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1134 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1134 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">387<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1134 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1134 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1135 w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1135 wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1135 w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">97<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1135 wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1135 w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1136 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1136 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1136 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1136 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1136 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\">1</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1137 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">344<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1137 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.30<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">909<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1137 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">336<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1137 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>As\u00ed <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>distribuci\u00f3n de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>plantilla del <span class=\"_ _d\"></span>Grupo al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 y <span class=\"_ _d\"></span>2024, detallada <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>categor\u00eda profesional y s<span class=\"_ _3\"></span>exo, es la siguiente: <table class=\"s w33a h194\" id=\"_d0cb3044-c4a0-413c-ad85-249ebb906d9b\"><tr><td></td><td></td><td class=\"c x380 y1138 wcc h9f\"><div class=\"t_1 m0_1 x12 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de Empleados al cierre del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y113a w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y113a wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y113a w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y113a wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y113a w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y113b w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113b wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113b w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113b wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113b w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">76<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113c w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113c wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35 </div></td><td class=\"c x384 y113c w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113c wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113c w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">109<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113d w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113d wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y113d w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">79<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113d wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x386 y113d w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">58<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113e w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">230<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113e wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">14<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113e w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">217<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113e wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">152<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113e w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">369<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113f w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113f wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113f w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113f wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113f w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1140 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1140 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1140 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1140 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1140 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">363<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1141 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1141 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1141 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1141 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1141 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">82<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1142 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1142 wcf h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1142 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">136<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1142 wd0 h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1142 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1143 w89 h9f\"><div class=\"t_1 m0_1 x3a h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1008<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1143 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1143 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.34<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1143 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">907<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1143 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">338<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1143 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>Al 31 de diciembre de 2025 y<span class=\"_ _3\"></span> 2024 el n\u00famero de emplead<span class=\"_ _3\"></span>os con una dis<span class=\"_ _3\"></span>capacidad superior al 33% es de<span class=\"_ _3\"></span> <span class=\"ls10\">14<span class=\"_ _3\"></span></span> y 11 personas<span class=\"_ _3\"></span>, respectivamente. Por <span class=\"_ _f\"></span>otra <span class=\"_ _f\"></span>parte, <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Consejo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>est\u00e1 <span class=\"_ _f\"></span>conformado <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>13 personas; 8 v<span class=\"_ _3\"></span>arones y 5 mujeres.<span class=\"_ _65\"> </span>11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Plan<span class=\"ls38\">es</span> de retribuci\u00f3n a largo plazo<span class=\"_ _2\"></span> </span></span>Se <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>tinuaci\u00f3n <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>n\u00famero <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>beneficiarios <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>31/12/2025 <span class=\"_ _13\"> </span>as\u00ed <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>compro<span class=\"_ _3\"></span>miso <span class=\"_ _10\"> </span>m\u00e1ximo,<span class=\"_ _3\"></span> asumiendo un gra<span class=\"_ _3\"></span>do de consecuci\u00f3n del 100%, de los<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>lanes de incentiv<span class=\"_ _3\"></span>os a largo plaz<span class=\"_ _3\"></span>o vigentes:<table class=\"s w33b h195\" id=\"_ac945518-8261-425b-bd7d-b042dd2b6549\"><tr><td></td><td></td><td></td><td class=\"c x388 y1144 wd4 ha4\"><div class=\"t_1 m0_1 x41 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste m\u00e1ximo (miles \u20ac)<span class=\"ff2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x389 y1145 w33c h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x38a y1146 wd2 ha5\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP </div></td><td class=\"c x38b y1147 w33d h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficiarios<span class=\"_ _65\"> </span></div></td><td class=\"c x388 y1146 wd5 ha5\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x38c y1146 w44 ha5\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acciones </div></td><td class=\"c x38d y1146 wd6 ha5\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1149 w33e h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-2027 (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x38f y114a wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">83<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114a wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.864 </div></td><td class=\"c x38c y114a w44 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.327 </div></td><td class=\"c x38d y114a wd6 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.191 </div></td></tr><tr><td class=\"c x38a y114b wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa Moldeada </div></td><td class=\"c x38f y114b wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114b wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114b w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114b wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y114c w33f h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x38f y114d wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114d wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td><td class=\"c x38c y114d w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114d wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td></tr><tr><td class=\"c x38a y114e wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biog\u00e1s </div></td><td class=\"c x38f y114e wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x388 y114e wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td><td class=\"c x38c y114e w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114e wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td></tr><tr><td class=\"c x38a y114f wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Calor Industrial </div></td><td class=\"c x38f y114f wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114f wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114f w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114f wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x38f y1150 wd3 h5c\"><div class=\"t_1 m0_1 x1e h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">116<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y1150 wd5 h5c\"><div class=\"t_1 m0_1 x15 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.639<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y1150 w44 h5c\"><div class=\"t_1 m0_1 x22 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.327<span class=\"ls0_1\"> </span></div></td><td class=\"c x38d y1150 wd6 h5c\"><div class=\"t_1 m0_1 x11 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22.966<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _1\"> </span>Se recogen los compromisos<span class=\"_ _3\"></span> vigentes al 31/12/202<span class=\"_ _3\"></span>5 as<span class=\"_ _3\"></span>ociados a los<span class=\"_ _3\"></span> Ciclos I, <span class=\"ls13\">II</span> y III<span class=\"_ _3\"></span> del plan El <span class=\"_ _2\"></span>gasto devengado <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre de <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5 y <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>corresp<span class=\"_ _3\"></span>ondiente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los distintos <span class=\"_ _2\"></span>planes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retribuci\u00f3n, detallado consid<span class=\"_ _3\"></span>erando su contrapar<span class=\"_ _3\"></span>tida, es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w340 h198\" id=\"_062a6762-a028-4c0d-bebb-934aff5a693c\"><tr><td></td><td></td><td class=\"c x390 y1151 wd8 h24\"><div class=\"t_1 m0_1 xd8 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x391 y1151 wda h24\"><div class=\"t_1 m0_1 xcd h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td></td><td class=\"c x392 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de</div></td><td class=\"c x393 y1153 w342 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones<span class=\"_ _65\"> </span></div></td><td class=\"c x394 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de<span class=\"_ _65\"> </span></div></td><td class=\"c x396 y1152 w344 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones a<span class=\"_ _65\"> </span></div></td><td class=\"c x397 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1154 wd7 h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x392 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal</div></td><td class=\"c x398 y1156 w346 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a largo y<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal<span class=\"_ _65\"> </span></div></td><td class=\"c x399 y1155 w348 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">largo y corto</div></td><td class=\"c x39a y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x39b y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)</div></td><td class=\"c x393 y1158 w349 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">corto plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td><td class=\"c x39c y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)<span class=\"_ _65\"> </span></div></td><td class=\"c x39d y1157 w34b h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plazo (Nota 31)</div></td><td class=\"c x39a y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x39e y1159 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 31)<span class=\"_ _65\"> </span></div></td><td class=\"c x39f y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x3a0 y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y115b w34d h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-<span class=\"lsd\">2027<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115c wdb h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(142) </div></td><td class=\"c x3a2 y115c wdc h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x3a3 y115c wdd h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y115c wdf h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.437 </div></td><td class=\"c x3a4 y115c we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">392<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115c we1 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.045 </div></td></tr><tr><td class=\"c x28c y115d wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Celulosa Moldeada </span></div></td><td class=\"c x390 y115d wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115d wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115d wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115d wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115d we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115d we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x1ca y114c w33f h19b\"><div class=\"t_1 m0_1 x1c9 h20 y115e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115f wdb h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115f wdc h5c\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115f wdd h5c\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115f wdf h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115f we0 h5c\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115f we1 h5c\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1160 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Biometano </span></div></td><td class=\"c x390 y1160 wdb h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1160 wdc h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1160 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1160 wdf h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1160 we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1160 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1161 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Calor Industrial </span></div></td><td class=\"c x390 y1161 wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1161 wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1161 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1161 wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1161 we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1161 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x390 y1162 wdb h24\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1162 wdc h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">447<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1162 wdd h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y1162 wdf h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.021<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1162 we0 h24\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">975<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1162 we1 h24\"><div class=\"t_1 m0_1 x41 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.045<span class=\"ls0_1\"> </span></div></td></tr></table>Plan de ince<span class=\"_ _3\"></span>ntivo a largo plazo para el p<span class=\"_ _3\"></span>eriodo 2023<span class=\"_ _3\"></span>-<span class=\"ls10\">2027</span> El <span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e mayo<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2023 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Ordinaria <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Accionistas<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> Dom<span class=\"_ _3\"></span>inante <span class=\"_ _f\"></span><span class=\"ff6\">apro<span class=\"_ _3\"></span>b\u00f3 <span class=\"_ _3\"></span>el \u201cPlan<span class=\"_ _3\"></span> </span>de incentivo<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>2023-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _3\"></span>dirigido a<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>irectivos, i<span class=\"_ _3\"></span>ncluido <span class=\"_ _3\"></span>el Presidente <span class=\"_ _3\"></span>y Con<span class=\"_ _3\"></span>sejero <span class=\"_ _3\"></span>Delegado d<span class=\"_ _3\"></span>e la Sociedad, y otro<span class=\"_ _3\"></span>s empleados del Grupo<span class=\"_ _3\"></span> Ence (el \u201cPlan\u201d). <span class=\"_ _3\"></span><span class=\"ff3\"> </span>El Plan tiene un<span class=\"_ _3\"></span>a duraci\u00f3n de <span class=\"_ _3\"></span>5 a\u00f1os, es<span class=\"_ _3\"></span>to es, desde el 1/1/2023 h<span class=\"_ _3\"></span>asta el 31/12/<span class=\"_ _3\"></span>2027 y se d<span class=\"_ _3\"></span>ivid<span class=\"_ _3\"></span>e en 3 ci<span class=\"_ _3\"></span>clos anuales <span class=\"_ _10\"></span>solapados <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>3 <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ellos<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>independientes <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>s\u00ed, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _3\"></span>idar\u00e1n dentro <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>90 <span class=\"_ _d\"></span>d\u00edas <span class=\"_ _2\"></span>siguientes <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>\u00faltimo <span class=\"_ _2\"></span>a\u00f1o <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>ciclo<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _d\"></span><span class=\"ls0_1\"> <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>ciclo <span class=\"_ _2\"></span>I <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Plan <span class=\"_ _d\"></span>representa<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>un <span class=\"_ _d\"></span>60% <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _3\"></span> II y III representan un<span class=\"_ _3\"></span> 20% cada uno del incentivo to<span class=\"_ _3\"></span>tal.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>incentivo <span class=\"_ _f\"></span>de cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>estar\u00e1 <span class=\"_ _3\"></span>condicionado <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cumplimiento <span class=\"_ _f\"></span>de d<span class=\"_ _3\"></span>eterminados <span class=\"_ _3\"></span>objetiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>financieros, <span class=\"_ _f\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _13\"> </span>valor  para  el  accionista,  ap<span class=\"_ _2\"></span>robados<span class=\"_ _3\"></span>  por  e<span class=\"_ _2\"></span>l  Consejo  de <span class=\"_ _13\"> </span>Administraci\u00f3n  a propuesta d<span class=\"_ _3\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"_ _3\"></span> y Retribu<span class=\"_ _3\"></span>ciones.  El incentivo considerado en este Plan consiste en <span class=\"_ _2\"></span>un % de la <span class=\"_ _2\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _f\"></span>profesional <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>eneficiario, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>liquida <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>un 30% <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>efectivo, <span class=\"_ _f\"></span>excepto <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>miembros <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Comit\u00e9 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Direcci\u00f3n <span class=\"_ _f\"></span>cuya <span class=\"_ _f\"></span>liquidaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>100% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones. <span class=\"_ _10\"></span>El<span class=\"_ _65\"> </span>Presidente y <span class=\"_ _2\"></span>Consejero Delegado y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>resto de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>iembros del <span class=\"_ _2\"></span>Comit\u00e9 <span class=\"_ _2\"></span>de Direcci\u00f3n <span class=\"_ _2\"></span>asumen determinados compromisos de mantenim<span class=\"_ _3\"></span>iento de las<span class=\"_ _3\"></span> acciones recibidas.<span class=\"_ _3\"></span>  El <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de accion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>entregar se <span class=\"_ _3\"></span>determinar\u00e1 <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e referencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _3\"></span>de ENCE <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cotizaci\u00f3n <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>en los <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>d\u00edas <span class=\"_ _3\"></span>anteriores <span class=\"_ _3\"></span>y pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>al 31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre de <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ciclo.<span class=\"_ _2\"></span> El <span class=\"_ _f\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>siderar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _f\"></span><span class=\"lsf\">ciclo<span class=\"_ _3\"></span></span>s <span class=\"_ _f\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>3,24 <span class=\"_ _0\"></span>\u20ac/acci\u00f3n</span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">2,86 <span class=\"_ _f\"></span>\u20ac<span class=\"_ _3\"></span>/acci\u00f3n, <span class=\"_ _0\"></span></span><span class=\"ls17\">y <span class=\"_ _f\"></span></span>3,1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">\u20ac/acci\u00f3n, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _0\"></span>ciclos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span>81, <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>personas<span class=\"ls19\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _13\"> </span>coste  m\u00e1ximo  previsto  en <span class=\"_ _13\"> </span>su conjunto,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>considerando <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>grado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>100%<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>asciende <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>aproximad<span class=\"_ _3\"></span>amente <span class=\"_ _3\"></span>18,2 <span class=\"_ _f\"></span>millon<span class=\"ff6\">es <span class=\"_ _3\"></span>\u20ac</span> (2,8 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _3\"></span>ectivo y </span>4,9 millones d<span class=\"_ _3\"></span>e acciones)<span class=\"ls13\">. <span class=\"_ _3\"></span></span> Otros planes de retribuc<span class=\"_ _3\"></span>i\u00f3n a largo p<span class=\"_ _3\"></span>lazo <span class=\"ls39\">y </span>o<span class=\"_ _3\"></span>tros compromisos El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>aprob\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2024 tr<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>planes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>incentivo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dirigidos <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _3\"></span>empl<span class=\"_ _3\"></span>eados <span class=\"_ _3\"></span>clave<span class=\"_ _3\"></span> ligados <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>Celulosa <span class=\"_ _f\"></span>Moldeada, <span class=\"_ _3\"></span>Biog\u00e1s <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>Calor <span class=\"_ _3\"></span>Indus<span class=\"_ _3\"></span>trial. <span class=\"_ _f\"></span>Los <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>tienen <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>duraci\u00f3n <span class=\"_ _f\"></span>de 4,5 a\u00f1os, se liquidan en ef<span class=\"_ _2\"></span>ectivo, y su consecuci\u00f3n est\u00e1 condicionada al cumplimiento de una serie <span class=\"_ _2\"></span>de objetivos ligados al desar<span class=\"_ _3\"></span>rollo de dicho<span class=\"_ _3\"></span>s negocios. Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2021 <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plan<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incentivo <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>largo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plaz<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>dirigido<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a  determinados<span class=\"_ _3\"></span> empleados <span class=\"_ _10\"></span>clave <span class=\"_ _10\"></span>ligados <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>Renovables. <span class=\"_ _10\"> </span>El <span class=\"_ _10\"></span>plan <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"> </span>una <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>5 <span class=\"_ _0\"></span>a\u00f1os, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>liquida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>as\u00ed <span class=\"_ _19\"> </span>mismo <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>consecuci\u00f3n <span class=\"_ _19\"> </span>est\u00e1 <span class=\"_ _19\"> </span>condicionada <span class=\"_ _16\"> </span>al <span class=\"_ _19\"> </span>cumplimiento <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>determinados <span class=\"_ _19\"> </span>objetivos financieros y n<span class=\"_ _3\"></span>o financieros. De <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>previsto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Celulosa, <span class=\"_ _f\"></span>S.A. <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>el periodo 2019-2023, <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>procedi\u00f3 a <span class=\"_ _d\"></span>la liquidaci\u00f3n del <span class=\"_ _d\"></span>Ciclo <span class=\"_ _2\"></span>II <span class=\"_ _2\"></span>del citado <span class=\"_ _2\"></span>Plan, <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>ha supuso la liquidaci\u00f3n, d<span class=\"_ _3\"></span>espu\u00e9s de impuestos, d<span class=\"_ _3\"></span>e 236 miles \u20ac y 95 miles acciones d<span class=\"_ _3\"></span>e ENCE.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _f\"></span>24 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>marzo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>20<span class=\"_ _3\"></span>22 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Cons<span class=\"_ _3\"></span>ejo <span class=\"_ _f\"></span>Ad<span class=\"_ _3\"></span>ministraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Mag<span class=\"_ _3\"></span>non <span class=\"_ _f\"></span>Green <span class=\"_ _f\"></span>Energy, <span class=\"_ _f\"></span>S.L., <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _2\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _2\"></span>iciarios percibir <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>extraordinaria <span class=\"_ _3\"></span>pagadera <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>met\u00e1lico <span class=\"_ _3\"></span>y v<span class=\"_ _3\"></span>inculada <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>rentabilidad <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>los<span class=\"_ _65\"> </span>accionistas <span class=\"_ _3\"></span>entre el <span class=\"_ _3\"></span>18 de <span class=\"_ _3\"></span>diciembre de 2<span class=\"_ _3\"></span>020 y <span class=\"_ _3\"></span>el 18 de <span class=\"_ _3\"></span>diciembre d<span class=\"_ _3\"></span>e 2028. <span class=\"_ _3\"></span>Son requis<span class=\"_ _3\"></span>itos par<span class=\"_ _3\"></span>a su d<span class=\"_ _3\"></span>evengo la <span class=\"_ _13\"> </span>consecuci\u00f3n  de <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>tasa <span class=\"_ _13\"> </span>interna <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>rentabilidad <span class=\"_ _13\"> </span>(TIR) <span class=\"_ _10\"> </span>m\u00ednima  para <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>accionista <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>10%, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>el beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la  fecha <span class=\"_ _13\"> </span>de  pago,  con  las salvedades h<span class=\"_ _2\"></span>abituales <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>este <span class=\"_ _2\"></span>tipo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>incentivo<span class=\"_ _3\"></span>s. <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>colectivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>lan <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>diciembre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>lo <span class=\"_ _d\"></span>forman<span class=\"_ _3\"></span> 4 person<span class=\"_ _3\"></span>as, y el <span class=\"_ _3\"></span>coste m\u00e1ximo <span class=\"_ _3\"></span>previsto, cons<span class=\"_ _3\"></span>iderando un <span class=\"_ _3\"></span>grado de consecuci\u00f3n <span class=\"_ _3\"></span>del 100%, <span class=\"_ _3\"></span>asciende <span class=\"_ _f\"></span><span class=\"ls2a\">a </span>3.749 m<span class=\"ff6\">iles \u20ac.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "<div class=\"c w3_1 h3d gs3c\"><div class=\"t_1 m0_1 x39 h7_1 y712 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d hd y713 ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Datos de plantilla </span></span></div><div class=\"t_1 m0_1 x21 h7_1 y273 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _3\"></span>plantilla <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>de los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024, d<span class=\"_ _3\"></span>etallada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>profesional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>sexo, <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la </div><div class=\"t_1 m0_1 x21 h7_1 y714 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">siguiente: </div><div class=\"t_1 m0_1 x39 h7_1 y715 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"_ _4\"> </span> </div></div><table class=\"s w33a h193\" id=\"_e45e3ea2-50ac-4b86-93ed-212a7bb2da39\"><tr><td></td><td></td><td class=\"c x380 y112c wcc h9f\"><div class=\"t_1 m0_1 xd8 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero Medio de Empleados del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y112e w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y112e wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y112e w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y112e wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y112e w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y112f w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57 </div></td><td class=\"c x383 y112f wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y112f w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78 </div></td><td class=\"c x381 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y112f wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y112f w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1130 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">70<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1130 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1130 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1130 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1130 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">102<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1131 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">68<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1131 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y1131 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">74<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">67<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1131 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x386 y1131 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1132 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">231<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1132 wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">147<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1132 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">378<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">221<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1132 wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">150<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1132 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1133 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1133 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1133 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1133 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1133 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1134 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">334<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1134 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1134 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">387<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1134 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1134 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1135 w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1135 wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1135 w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">97<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1135 wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1135 w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1136 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1136 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1136 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1136 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1136 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\">1</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1137 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">344<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1137 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.30<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">909<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1137 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">336<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1137 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>As\u00ed <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>distribuci\u00f3n de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>plantilla del <span class=\"_ _d\"></span>Grupo al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 y <span class=\"_ _d\"></span>2024, detallada <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>categor\u00eda profesional y s<span class=\"_ _3\"></span>exo, es la siguiente: <table class=\"s w33a h194\" id=\"_d0cb3044-c4a0-413c-ad85-249ebb906d9b\"><tr><td></td><td></td><td class=\"c x380 y1138 wcc h9f\"><div class=\"t_1 m0_1 x12 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de Empleados al cierre del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y113a w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y113a wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y113a w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y113a wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y113a w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y113b w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113b wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113b w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113b wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113b w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">76<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113c w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113c wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35 </div></td><td class=\"c x384 y113c w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113c wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113c w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">109<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113d w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113d wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y113d w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">79<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113d wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x386 y113d w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">58<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113e w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">230<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113e wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">14<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113e w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">217<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113e wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">152<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113e w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">369<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113f w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113f wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113f w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113f wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113f w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1140 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1140 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1140 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1140 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1140 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">363<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1141 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1141 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1141 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1141 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1141 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">82<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1142 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1142 wcf h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1142 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">136<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1142 wd0 h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1142 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1143 w89 h9f\"><div class=\"t_1 m0_1 x3a h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1008<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1143 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1143 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.34<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1143 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">907<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1143 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">338<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1143 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>Al 31 de diciembre de 2025 y<span class=\"_ _3\"></span> 2024 el n\u00famero de emplead<span class=\"_ _3\"></span>os con una dis<span class=\"_ _3\"></span>capacidad superior al 33% es de<span class=\"_ _3\"></span> <span class=\"ls10\">14<span class=\"_ _3\"></span></span> y 11 personas<span class=\"_ _3\"></span>, respectivamente. Por <span class=\"_ _f\"></span>otra <span class=\"_ _f\"></span>parte, <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Consejo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>est\u00e1 <span class=\"_ _f\"></span>conformado <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>13 personas; 8 v<span class=\"_ _3\"></span>arones y 5 mujeres.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Datos de plantilla </span></span>La <span class=\"_ _3\"></span>plantilla <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>de los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024, d<span class=\"_ _3\"></span>etallada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _3\"></span>profesional <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>sexo, <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>la siguiente:<table class=\"s w33a h193\" id=\"_e45e3ea2-50ac-4b86-93ed-212a7bb2da39\"><tr><td></td><td></td><td class=\"c x380 y112c wcc h9f\"><div class=\"t_1 m0_1 xd8 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero Medio de Empleados del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y112d wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y112e w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y112e wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y112e w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y112e w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y112e wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y112e w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y112f w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57 </div></td><td class=\"c x383 y112f wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y112f w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78 </div></td><td class=\"c x381 y112f w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y112f wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y112f w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1130 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">70<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1130 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1130 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1130 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1130 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1130 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">102<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1131 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">68<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1131 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y1131 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">74<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1131 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">67<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1131 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x386 y1131 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1132 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">231<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1132 wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">147<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1132 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">378<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1132 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">221<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1132 wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">150<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1132 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1133 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1133 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1133 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1133 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1133 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1133 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1134 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">334<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1134 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">53<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1134 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">387<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1134 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1134 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1134 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1135 w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1135 wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">49<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1135 w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">97<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1135 w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1135 wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1135 w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1136 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1136 wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1136 w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1136 w89 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1136 wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1136 w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\">1</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1137 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">344<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1137 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.30<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1137 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">909<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1137 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">336<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1137 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>As\u00ed <span class=\"_ _2\"></span>mismo <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>distribuci\u00f3n de <span class=\"_ _d\"></span>la <span class=\"_ _2\"></span>plantilla del <span class=\"_ _d\"></span>Grupo al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2025 y <span class=\"_ _d\"></span>2024, detallada <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>categor\u00eda profesional y s<span class=\"_ _3\"></span>exo, es la siguiente: <table class=\"s w33a h194\" id=\"_d0cb3044-c4a0-413c-ad85-249ebb906d9b\"><tr><td></td><td></td><td class=\"c x380 y1138 wcc h9f\"><div class=\"t_1 m0_1 x12 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de Empleados al cierre del Ejercicio </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x380 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x381 y1139 wcd ha0\"><div class=\"t_1 m0_1 x1b h58 y74 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x382 y113a w3d h9f\"><div class=\"t_1 m0_1 x10 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></td><td class=\"c x380 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x383 y113a wcf h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x384 y113a w84 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x381 y113a w89 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></td><td class=\"c x385 y113a wd0 h9f\"><div class=\"t_1 m0_1 xf h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></td><td class=\"c x386 y113a w69 h9f\"><div class=\"t_1 m0_1 x86 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td></tr><tr><td class=\"c x382 y113b w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></td><td class=\"c x380 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113b wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">21<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113b w84 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113b w89 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113b wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113b w69 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">76<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113c w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></td><td class=\"c x380 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113c wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35 </div></td><td class=\"c x384 y113c w84 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113c w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113c wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">34<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113c w69 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">109<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113d w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></td><td class=\"c x380 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113d wcf h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6 </div></td><td class=\"c x384 y113d w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">79<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113d w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113d wd0 h1d\"><div class=\"t_1 m0_1 x44 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x386 y113d w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">58<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113e w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></td><td class=\"c x380 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">230<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113e wcf h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">14<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113e w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113e w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">217<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113e wd0 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">152<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113e w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">369<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y113f w3d ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></td><td class=\"c x380 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y113f wcf ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y113f w84 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y113f w89 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y113f wd0 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y113f w69 ha2\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1140 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></td><td class=\"c x380 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">371<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1140 wcf h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1140 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1140 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1140 wd0 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1140 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">363<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1141 w3d h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></td><td class=\"c x380 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1141 wcf h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1141 w84 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1141 w89 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1141 wd0 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">35<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1141 w69 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">82<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x382 y1142 w3d h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></td><td class=\"c x380 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">138<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1142 wcf h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x384 y1142 w84 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1142 w89 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">136<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1142 wd0 h72\"><div class=\"t_1 m0_1 x44 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x386 y1142 w69 h72\"><div class=\"t_1 m0_1 x22 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x380 y1143 w89 h9f\"><div class=\"t_1 m0_1 x3a h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1008<span class=\"ls0_1\"> </span></div></td><td class=\"c x383 y1143 wcf h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x384 y1143 w84 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.34<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x381 y1143 w89 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">907<span class=\"ls0_1\"> </span></div></td><td class=\"c x385 y1143 wd0 h9f\"><div class=\"t_1 m0_1 x22 h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">338<span class=\"ls0_1\"> </span></div></td><td class=\"c x386 y1143 w69 h9f\"><div class=\"t_1 m0_1 x1f h58 y5b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.245<span class=\"ls0_1\"> </span></div></td></tr></table>Al 31 de diciembre de 2025 y<span class=\"_ _3\"></span> 2024 el n\u00famero de emplead<span class=\"_ _3\"></span>os con una dis<span class=\"_ _3\"></span>capacidad superior al 33% es de<span class=\"_ _3\"></span> <span class=\"ls10\">14<span class=\"_ _3\"></span></span> y 11 personas<span class=\"_ _3\"></span>, respectivamente. Por <span class=\"_ _f\"></span>otra <span class=\"_ _f\"></span>parte, <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Consejo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>est\u00e1 <span class=\"_ _f\"></span>conformado <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>13 personas; 8 v<span class=\"_ _3\"></span>arones y 5 mujeres.<span class=\"_ _65\"> </span>ENCE <span class=\"_ _2\"></span>tiene <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>seguro de <span class=\"_ _d\"></span>responsabilidad <span class=\"_ _2\"></span>civil <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>cubre <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>to<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>sus <span class=\"_ _d\"></span>administradores y <span class=\"_ _d\"></span>directivos por <span class=\"_ _3\"></span>da\u00f1os <span class=\"_ _f\"></span>ocasionados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>actos <span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>omisiones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cargo. <span class=\"_ _3\"></span>Su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>sido de <span class=\"ls10\">74 </span><span class=\"ff6\">miles \u20ac y<span class=\"_ _3\"></span></span> <span class=\"ls10\">82</span> miles <span class=\"ff6\">\u20ac</span>, resp<span class=\"_ _3\"></span>ectivamente<span class=\"ls13\">.<span class=\"_ _65\"> </span></span>33.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Retribuci\u00f3n y otras prestaciones a los <span class=\"_ _2\"></span>Administradores y a la Alta Direcci\u00f3n  </span></span>33.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Retri<span class=\"_ _3\"></span>bu<span class=\"_ _2\"></span>ciones a los miemb<span class=\"_ _2\"></span>ros del Consejo de Ad<span class=\"_ _2\"></span>ministraci\u00f3n </span></span>De <span class=\"_ _f\"></span>acu<span class=\"_ _3\"></span>erdo <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>dis<span class=\"_ _3\"></span>puesto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>art\u00edcu<span class=\"_ _3\"></span>lo <span class=\"_ _f\"></span>38 <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Estatutos <span class=\"_ _0\"></span>Sociales, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>Consejeros<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>dici\u00f3n <span class=\"_ _0\"></span>de miembros d<span class=\"_ _3\"></span>el Consejo <span class=\"_ _3\"></span>y po<span class=\"_ _3\"></span>r el <span class=\"_ _3\"></span>desempe\u00f1o de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>funci\u00f3n d<span class=\"_ _3\"></span>e s<span class=\"_ _3\"></span>upervisi\u00f3n <span class=\"_ _3\"></span>y decisi\u00f3n <span class=\"_ _3\"></span>colegiada <span class=\"_ _3\"></span>propia <span class=\"_ _3\"></span>de este \u00f3rgano, <span class=\"_ _10\"></span>tienen <span class=\"_ _0\"></span>derecho <span class=\"_ _10\"></span>a <span class=\"_ _f\"></span>percibir <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>asigna<span class=\"_ _3\"></span>ci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>anual <span class=\"_ _10\"></span>fi<span class=\"_ _2\"></span>ja <span class=\"_ _10\"></span>y <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rimas <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>asistencia, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>conju<span class=\"_ _3\"></span>nto <span class=\"_ _0\"></span>no podr\u00e1n <span class=\"_ _17\"> </span>exceder <span class=\"_ _17\"> </span>de <span class=\"_ _1a\"> </span>la <span class=\"_ _17\"> </span>cantid<span class=\"_ _3\"></span>ad <span class=\"_ _17\"> </span>fijada <span class=\"_ _17\"> </span>a <span class=\"_ _1a\"> </span>tal <span class=\"_ _17\"> </span>efecto <span class=\"_ _17\"> </span>por<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>Junta<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>General <span class=\"_ _17\"> </span>Ordinaria<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>Accionistas<span class=\"_ _3\"></span>, correspondiendo <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>Cons<span class=\"_ _3\"></span>ejo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>Administraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>determinaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>can<span class=\"_ _3\"></span>tidad <span class=\"_ _f\"></span>exacta <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>ab<span class=\"_ _3\"></span>onar<span class=\"_ _f\"></span> dentro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>dicho <span class=\"_ _3\"></span>l\u00edmite <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>distribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>entre <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>distintos <span class=\"_ _f\"></span>Consejeros, <span class=\"_ _f\"></span>teniendo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>cuenta <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>funciones <span class=\"_ _f\"></span>y responsabilid<span class=\"_ _3\"></span>ades  at<span class=\"_ _3\"></span>ribuidas  a <span class=\"_ _16\"> </span>cada  un<span class=\"_ _3\"></span>o,  la <span class=\"_ _16\"> </span>pertenencia  a <span class=\"_ _16\"> </span>comisiones <span class=\"_ _16\"> </span>dentro  del <span class=\"_ _16\"> </span>Consejo, <span class=\"_ _16\"> </span>los  cargo<span class=\"_ _3\"></span>s desempe\u00f1ados por cada uno de <span class=\"_ _2\"></span>ellos dentro del Consejo y las dem\u00e1s circunstancias objetivas que <span class=\"_ _2\"></span>considere relevantes.  Con fecha 5 de<span class=\"_ _3\"></span> mayo de 2023<span class=\"_ _3\"></span> la J<span class=\"_ _3\"></span>unta General Ordinaria d<span class=\"_ _3\"></span>e Accionista<span class=\"_ _3\"></span>s de la Sociedad<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>apro<span class=\"_ _3\"></span>b\u00f3 la Pol\u00edtica de<span class=\"_ _3\"></span> Remuneraciones <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>Consejeros <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Ence <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>Celulosa, <span class=\"_ _f\"></span>S.A. <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _f\"></span>2023<span class=\"_ _3\"></span>-2026 <span class=\"_ _f\"></span>(disponible en <span class=\"_ _0\"></span>www.enc<span class=\"_ _3\"></span>e.es). <span class=\"_ _0\"></span>El <span class=\"_ _10\"></span>l\u00edmite <span class=\"_ _0\"></span>m\u00e1x<span class=\"_ _3\"></span>imo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>remuneraci\u00f3n <span class=\"_ _0\"></span>anu<span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>satisfacer <span class=\"_ _0\"></span>al <span class=\"_ _10\"> </span>conjunto <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>consejeros <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>su condici\u00f3n de tales, es<span class=\"_ _3\"></span>tablecido en <span class=\"_ _3\"></span><span class=\"ff6\">dicha pol\u00edtica de remune<span class=\"_ _3\"></span>raciones es de 1,9 millones \u20ac.<span class=\"_ _f\"></span></span> Retribuciones po<span class=\"_ _3\"></span>r su pertenencia al Consejo d<span class=\"_ _3\"></span>e Administraci\u00f3n<span class=\"_ _3\"></span> Las re<span class=\"_ _2\"></span>tribuciones devengadas por <span class=\"_ _d\"></span>los miembros <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _2\"></span>Consejo de <span class=\"_ _d\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>relaci\u00f3n con <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>funciones propias de s<span class=\"_ _3\"></span>u condici\u00f3n de consejeros en 2025 y<span class=\"_ _3\"></span> 2024 han sido:<span class=\"_ _3\"></span> <table class=\"s w450 h20b\" id=\"_d8a59ed5-1296-467f-a4de-55f8a8295b09\"><tr><td></td><td></td><td></td><td></td><td class=\"c x66d y1533 w1fd haa\"><div class=\"t_1 m0_1 x17 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x66d y1534 w1fe haa\" colspan=\"2\"><div class=\"t_1 m0_1 x1a h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td><td></td></tr><tr><td class=\"c x66e y1535 w1fb h113\"><div class=\"t_1 m0_1 x37 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administrador </div></td><td class=\"c x66f y1535 w1fc h113\"><div class=\"t_1 m0_1 x2f h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipolog\u00eda </div></td><td class=\"c x670 y1536 w451 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuci\u00f3n</div></td><td class=\"c x671 y1536 w452 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dietas y<span class=\"_ _65\"> </span></div></td><td class=\"c x672 y1535 w1ad h113\"><div class=\"t_1 m0_1 x31 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></td><td class=\"c x673 y1536 w453 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x674 y1537 w454 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fija<span class=\"_ _65\"> </span></div></td><td class=\"c x675 y1537 w343 h182\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td><td class=\"c x676 y1537 w3d9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x66e y1538 w1fb h71\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Fernando Abril-Martorell Hern\u00e1ndez </div></td><td class=\"c x66f y1538 w1fc h71\"><div class=\"t_1 m0_1 xf h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros externos </div></td><td class=\"c x66d y1538 w21 h71\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1538 w63 h71\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">61<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y1538 w1ad h71\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">106<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y1538 wf3 h71\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y1539 w1fb he1\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. \u00c1ngel Agudo Valenciano </div></td><td class=\"c x66f y1539 w1fc he1\"><div class=\"t_1 m0_1 x2b h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></td><td class=\"c x66d y1539 w21 he1\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1539 w63 he1\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">39<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y1539 w1ad he1\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">84<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y1539 wf3 he1\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">80<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y153a w1fb h71\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Carmen Alicia Aquerreta Ferraz </div></td><td class=\"c x66f y153a w1fc h71\"><div class=\"t_1 m0_1 xf h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></td><td class=\"c x66d y153a w21 h71\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y153a w63 h71\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">56<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y153a w1ad h71\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">101<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y153a wf3 h71\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">94<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y153b w1fb he1\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Gorka Arregui Abendivar </div></td><td class=\"c x66f y153b w1fc he1\"><div class=\"t_1 m0_1 x2b h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></td><td class=\"c x66d y153b w21 he1\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y153b w63 he1\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y153b w1ad he1\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">102<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y153b wf3 he1\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y153c w1fb h71\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Javier Arregui Abendivar </div></td><td class=\"c x66f y153c w1fc h71\"><div class=\"t_1 m0_1 x2b h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></td><td class=\"c x66d y153c w21 h71\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y153c w63 h71\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">50<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y153c w1ad h71\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y153c wf3 h71\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">104<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y153d w1fb he1\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Oscar Arregui Abendivar </div></td><td class=\"c x66f y153d w1fc he1\"><div class=\"t_1 m0_1 x2b h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></td><td class=\"c x66d y153d w21 he1\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y153d w63 he1\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">46<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y153d w1ad he1\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">91<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y153d wf3 he1\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">85<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y153e w1fb h115\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jos\u00e9 Ignacio Comenge S\u00e1nchez-Real </div></td><td class=\"c x66f y153e w1fc h115\"><div class=\"t_1 m0_1 x2b h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></td><td class=\"c x66d y153e w21 h115\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y153e w63 h115\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y153e w1ad h115\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">86<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y153e wf3 h115\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">90<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y153f w1fb h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Ignacio de Colmenares Brunet </div></td><td class=\"c x66f y153f w1fc h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ejecutivo </div></td><td class=\"c x66d y153f w21 h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y153f w63 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">0 </div></td><td class=\"c x672 y153f w1ad h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y153f wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">135<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y1540 w1fb he1\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Rosa Mar\u00eda Garc\u00eda Pi\u00f1eiro </div></td><td class=\"c x66f y1540 w1fc he1\"><div class=\"t_1 m0_1 xf h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></td><td class=\"c x66d y1540 w21 he1\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1540 w63 he1\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">73<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y1540 w1ad he1\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">118<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y1540 wf3 he1\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">108<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y1541 w1fb h71\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Rosal\u00eda Gil Albarellos Marcos (i) </div></td><td class=\"c x66f y1541 w1fc h71\"><div class=\"t_1 m0_1 xf h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></td><td class=\"c x66d y1541 w21 h71\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">11<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1541 w63 h71\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y1541 w1ad h71\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y1541 wf3 h71\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">97<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y1542 w1fb he1\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Maria Samoilova (i) </div></td><td class=\"c x66f y1542 w1fc he1\"><div class=\"t_1 m0_1 xf h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></td><td class=\"c x66d y1542 w21 he1\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">33<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1542 w63 he1\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28 </div></td><td class=\"c x672 y1542 w1ad he1\"><div class=\"t_1 m0_1 x86 h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">61 </div></td><td class=\"c x678 y1542 wf3 he1\"><div class=\"t_1 m0_1 x2b h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x66e y1543 w1fb h71\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Irene Hern\u00e1ndez \u00c1lvarez </div></td><td class=\"c x66f y1543 w1fc h71\"><div class=\"t_1 m0_1 xf h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></td><td class=\"c x66d y1543 w21 h71\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1543 w63 h71\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">87<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y1543 w1ad h71\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">132<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y1543 wf3 h71\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">126<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y1544 w1fb he1\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Mar\u00eda Paz Robina Rosat </div></td><td class=\"c x66f y1544 w1fc he1\"><div class=\"t_1 m0_1 xf h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></td><td class=\"c x66d y1544 w21 he1\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1544 w63 he1\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">68 </div></td><td class=\"c x672 y1544 w1ad he1\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">11<span class=\"ls0_1\">3</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y1544 wf3 he1\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">105<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x66e y1545 w1fb h71\"><div class=\"t_1 m0_1 xe h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jos\u00e9 Guillermo Zub\u00eda Guinea </div></td><td class=\"c x66f y1545 w1fc h71\"><div class=\"t_1 m0_1 xf h20 y705 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros externos </div></td><td class=\"c x66d y1545 w21 h71\"><div class=\"t_1 m0_1 x2_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1545 w63 h71\"><div class=\"t_1 m0_1 x1_1 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">67<span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y1545 w1ad h71\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">112<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y1545 wf3 h71\"><div class=\"t_1 m0_1 x50 h20 y705 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">110<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x66d y1546 w21 h71\"><div class=\"t_1 m0_1 x2f h58 y705 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">674<span class=\"ls0_1\"> </span></div></td><td class=\"c x677 y1546 w63 h71\"><div class=\"t_1 m0_1 xe h58 y705 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">69<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x672 y1546 w1ad h71\"><div class=\"t_1 m0_1 xf h58 y705 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.369<span class=\"ls0_1\"> </span></div></td><td class=\"c x678 y1546 wf3 h71\"><div class=\"t_1 m0_1 xf h58 y705 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.337<span class=\"ls0_1\"> </span></div></td></tr></table><div class=\"c w3_1 h3d gsa7\"><div class=\"t_1 m0_1 x21 h20 ybda ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(i)<span class=\"ff4\"> <span class=\"_ _22\"> </span></span>Con <span class=\"_ _3\"></span>efectos <span class=\"_ _f\"></span>3 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>abril <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>incorpora <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>Consejo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Administraci\u00f3n <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>administradora <span class=\"_ _3\"></span>independiente </div><div class=\"t_1 m0_1 xac h7_1 ybdb ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. <span class=\"fs3\">Maria Samoilova</span>, deja<span class=\"_ _3\"></span>ndo de formar parte. D\u00aa. Rosal\u00eda Gil Albarellos Marcos. </div><div class=\"t_1 m0_1 x21 h7_1 ybdc ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _3\"></span>Consejeros <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>ejecutivos <span class=\"_ _3\"></span>\u00fanicamente <span class=\"_ _3\"></span>perciben <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>ignaci\u00f3n <span class=\"_ _3\"></span>fija con<span class=\"_ _3\"></span>sistente <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>una retribuci\u00f3n <span class=\"_ _3\"></span>fija <span class=\"_ _3\"></span>y </div><div class=\"t_1 m0_1 x21 h7_1 ybdd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">dietas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>asistencia <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>reun<span class=\"_ _3\"></span>iones <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Consejo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Administraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _f\"></span>Comisiones, <span class=\"_ _3\"></span>estando <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>todo </div><div class=\"t_1 m0_1 x21 h7_1 ybde ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">caso excluidos d<span class=\"_ _3\"></span>e los planes de incentivos ligad<span class=\"_ _3\"></span>os al desem<span class=\"_ _3\"></span>pe\u00f1o de la compa\u00f1<span class=\"_ _3\"></span>\u00eda, a corto o largo plazo<span class=\"_ _3\"></span>. </div><div class=\"t_1 m0_1 x21 h7_1 ybdf ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>arte, <span class=\"_ _3\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _3\"></span>tiene <span class=\"_ _f\"></span>contratada <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>p\u00f3liza <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>asegura <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>colectivo <span class=\"_ _3\"></span>for<span class=\"_ _3\"></span>mado <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>conjunto <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 ybb6 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">consejeros <span class=\"_ _f\"></span>frente <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>iguientes <span class=\"_ _f\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>derivados <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>accidente; <span class=\"_ _f\"></span>fallecimiento, <span class=\"_ _f\"></span>incap<span class=\"_ _3\"></span>acidad <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>ermanente </div><div class=\"t_1 m0_1 x21 h7_1 ybe0 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">absoluta <span class=\"_ _10\"></span>e <span class=\"_ _f\"></span>incapacid<span class=\"_ _3\"></span>ad <span class=\"_ _0\"></span>permanente <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>arcial. <span class=\"_ _0\"></span>Adi<span class=\"_ _3\"></span>cionalmente, <span class=\"_ _10\"></span>la <span class=\"_ _f\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ofrece <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>ejeros <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>sus </div><div class=\"t_1 m0_1 x21 h7_1 ybe1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">c\u00f3nyuges la p<span class=\"_ _3\"></span>osibilidad de realizar anualmente un<span class=\"_ _3\"></span> reconocimiento m\u00e9dico.<span class=\"_ _f\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 ybe2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 los <span class=\"_ _3\"></span>mie<span class=\"_ _3\"></span>mbros <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Consejo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Administraci\u00f3n<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e EN<span class=\"_ _3\"></span>CE <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>han <span class=\"_ _3\"></span>percibido </div><div class=\"t_1 m0_1 x21 h7_1 ya21 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">importe <span class=\"_ _13\"> </span>alguno  por <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>pertenencia  a <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>\u00f3rganos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>administraci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>otras <span class=\"_ _13\"> </span>sociedades  del <span class=\"_ _13\"> </span>Grupo, <span class=\"_ _13\"> </span>o </div><div class=\"t_1 m0_1 x21 h7_1 y994 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">asociadas. </div><div class=\"t_1 m0_1 x7d h7_1 ybe3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La informaci\u00f3n sob<span class=\"_ _3\"></span>re remuneraci\u00f3n media de cons<span class=\"_ _3\"></span>ejeros desglosada <span class=\"_ _3\"></span>por sexo se incluy<span class=\"_ _3\"></span>e en <span class=\"_ _3\"></span><span class=\"ff6\">el \u201cInforme de </span></div><div class=\"t_1 m0_1 x7d h7_1 ybe4 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">sostenibilidad<span class=\"_ _3\"></span>\u201d<span class=\"ff3\"> que forma parte del Inform<span class=\"_ _3\"></span>e de Gesti\u00f3n.<span class=\"_ _3\"></span> </span></div><div class=\"t_1 m0_1 x7d h7_1 ybe5 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x21 h56 ybe6 ff9 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuciones po<span class=\"_ _3\"></span>r el desempe\u00f1o de func<span class=\"_ _3\"></span>iones ejecutivas<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 ybe7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La Pol\u00edtica de Remun<span class=\"_ _3\"></span>eraciones d<span class=\"_ _3\"></span>e los Consejeros d<span class=\"_ _3\"></span>e Ence En<span class=\"_ _3\"></span>erg\u00eda y Celulosa, S.A. es<span class=\"_ _3\"></span>tablece una retribu<span class=\"_ _3\"></span>ci\u00f3n </div><div class=\"t_1 m0_1 x21 h7_1 yace ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">fija <span class=\"_ _f\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Presidente <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>Consejero <span class=\"_ _f\"></span>Delegado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>750 <span class=\"_ _0\"></span>miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>retribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>variable <span class=\"_ _f\"></span>anual <span class=\"_ _0\"></span>m\u00e1xima <span class=\"_ _f\"></span>del </div><div class=\"t_1 m0_1 x21 h7_1 yb8e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">120% <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>retribuci\u00f3n <span class=\"_ _10\"> </span>fija<span class=\"_ _3\"></span>. <span class=\"_ _10\"> </span>Adicionalmente, <span class=\"_ _13\"> </span>ENCE <span class=\"_ _10\"> </span>ofrece <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>Presidente<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>como <span class=\"_ _10\"> </span>retribucion<span class=\"_ _3\"></span>es <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>especie; </div><div class=\"t_1 m0_1 x21 h7_1 ybe8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">veh\u00edculo de empresa, s<span class=\"_ _3\"></span>eguro m\u00e9dico, y la pos<span class=\"_ _3\"></span>ibilidad de realizar anu<span class=\"_ _3\"></span>almente un reconocimiento m<span class=\"_ _3\"></span>\u00e9dico.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 ybe9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"_ _16\"> </span>retribuciones <span class=\"_ _16\"> </span>devengadas <span class=\"_ _16\"> </span>por <span class=\"_ _16\"> </span>D. <span class=\"_ _16\"> </span>Ignacio  d<span class=\"_ _3\"></span>e  Colmen<span class=\"_ _3\"></span>ares <span class=\"_ _16\"> </span>Brunet <span class=\"_ _16\"> </span>por  el <span class=\"_ _16\"> </span>desempe\u00f1o<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de  fun<span class=\"_ _3\"></span>ciones </div><div class=\"t_1 m0_1 x21 h7_1 ybea ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ejecutivas <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>2024, <span class=\"_ _f\"></span>tanto <span class=\"_ _f\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>fija <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>variable, <span class=\"_ _3\"></span>han<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sid<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _0\"></span>1.261<span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>1.605 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>\u20ac, </span></div><div class=\"t_1 m0_1 x21 h7_1 ybeb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">respectivamente. For<span class=\"_ _3\"></span>mando parte d<span class=\"_ _3\"></span>e su retribuci\u00f3n, <span class=\"_ _3\"></span>el Presidente y<span class=\"_ _3\"></span> Consejero Del<span class=\"_ _3\"></span>egado es<span class=\"_ _3\"></span> beneficiario de </div><div class=\"t_1 m0_1 x21 h7_1 ybec ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">un seguro mixto d<span class=\"_ _3\"></span>e ahorro y de vida y<span class=\"_ _3\"></span> accidente (v\u00e9ase Nota 3.14).<span class=\"_ _3\"></span> <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y808 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Adicionalmente a la retrib<span class=\"_ _3\"></span>uci\u00f3n indicada, el Pres<span class=\"_ _3\"></span>idente y Consejero Delegado<span class=\"_ _3\"></span> tiene derecho a<span class=\"_ _3\"></span> un seguro de </div><div class=\"t_1 m0_1 x21 h7_1 y85b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">jubilaci\u00f3n <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>su <span class=\"_ _d\"></span>fav<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>cuya <span class=\"_ _2\"></span>prestaci\u00f3n <span class=\"_ _d\"></span>ser\u00e1 <span class=\"_ _2\"></span>igual <span class=\"_ _d\"></span>a <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>na <span class=\"_ _d\"></span>anu<span class=\"_ _3\"></span>alidad <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>su <span class=\"_ _d\"></span>retribuci\u00f3n,<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>percib<span class=\"_ _3\"></span>ir\u00e1 <span class=\"_ _d\"></span>al <span class=\"_ _d\"></span>mo<span class=\"_ _3\"></span>mento </div><div class=\"t_1 m0_1 x21 h7_1 y431 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>extinci\u00f3n <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>su <span class=\"_ _0\"></span>contrato. <span class=\"_ _0\"></span>La <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>orta<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>este <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>cepto <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>2025 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2<span class=\"_ _3\"></span>024 <span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>sido <span class=\"_ _0\"></span>nula <span class=\"_ _0\"></span>al </div><div class=\"t_1 m0_1 x21 h7_1 yc8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">haberse completado la d<span class=\"_ _3\"></span>otaci\u00f3n de este compromiso en<span class=\"_ _3\"></span> el a\u00f1o 2023.<span class=\"_ _3\"></span>  </div><div class=\"t_1 m0_1 x21 h7_1 ybed ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Formando <span class=\"_ _f\"></span>parte <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>retribuci\u00f3n <span class=\"_ _f\"></span>devengada<span class=\"_ _3\"></span><span class=\"ls14\">, <span class=\"_ _f\"></span></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>a\u00f1o <span class=\"_ _0\"></span>2024 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Consejero <span class=\"_ _f\"></span>Delegad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>fue <span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>eneficiario <span class=\"_ _f\"></span>del </div><div class=\"t_1 m0_1 x21 h7_1 y8e0 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Ciclo II <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Plan <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Incentiv<span class=\"_ _3\"></span>os a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE Energ\u00eda <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Celulosa, <span class=\"_ _3\"></span>S.A. <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>2019<span class=\"_ _3\"></span>-<span class=\"_ _3\"></span>2023 (v<span class=\"_ _3\"></span>\u00e9ase </div><div class=\"t_1 m0_1 x21 h7_1 y9a0 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Nota <span class=\"_ _0\"></span>11<span class=\"ls13\">.2</span>) <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _f\"></span>liqu<span class=\"_ _3\"></span>id\u00f3 <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>julio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2024. <span class=\"_ _f\"></span>En<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>marco <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>dicho <span class=\"_ _0\"></span>plan <span class=\"_ _10\"></span>percibi\u00f3 <span class=\"_ _f\"></span><span class=\"ff6\">53 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>21 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de </span></div><div class=\"t_1 m0_1 x21 h7_1 y4cb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">acciones de ENCE<span class=\"_ _3\"></span>. </div><div class=\"t_1 m0_1 x21 h7_1 y4cc ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _2\"></span>otra parte, <span class=\"_ _d\"></span>el Presidente <span class=\"_ _2\"></span>y Consejero <span class=\"_ _d\"></span>D<span class=\"_ _3\"></span>elegado es <span class=\"_ _2\"></span>beneficiario de <span class=\"_ _d\"></span>los ciclos <span class=\"_ _2\"></span>I, <span class=\"_ _2\"></span>II <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>III <span class=\"_ _2\"></span>del Plan <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>Incentivos </div><div class=\"t_1 m0_1 x21 h7_1 ybee ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>lazo <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>Energ\u00eda <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Celulosa, <span class=\"_ _f\"></span>S.A. p<span class=\"_ _3\"></span>ara <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>2023<span class=\"_ _3\"></span>-2027 <span class=\"_ _3\"></span>(v\u00e9ase <span class=\"_ _f\"></span>Nota <span class=\"_ _3\"></span>11<span class=\"ls13\">.2</span>). <span class=\"_ _f\"></span>Considerando <span class=\"_ _3\"></span>un </div><div class=\"t_1 m0_1 x21 h7_1 ybef ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">grado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>secuci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los objetivos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ciclos <span class=\"_ _3\"></span>I <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>II <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>plan <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>100%, <span class=\"_ _f\"></span>percibir\u00eda, <span class=\"_ _3\"></span>antes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>impu<span class=\"_ _3\"></span>estos, </div><div class=\"t_1 m0_1 x21 h7_1 ybf0 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">694 mil<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de accion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el a\u00f1o<span class=\"_ _3\"></span> 2026 <span class=\"_ _3\"></span>correspon<span class=\"_ _3\"></span>dientes <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>ciclo I <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>262 <span class=\"_ _3\"></span>miles <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>acciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ENCE </div><div class=\"t_1 m0_1 x21 h7_1 ybf1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">en el a\u00f1o 2027<span class=\"_ _2\"></span> correspondien<span class=\"_ _3\"></span>te al cic<span class=\"_ _2\"></span>lo II y 242 m<span class=\"_ _2\"></span>iles de acciones de ENCE en el a\u00f1o 2028 <span class=\"_ _2\"></span>correspondientes </div><div class=\"t_1 m0_1 x21 h7_1 y2b7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">al ciclo III. </div><div class=\"t_1 m0_1 x21 h56 y4d1 ff9 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Otros aspectos<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 ya6d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _f\"></span>Administradores <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>tienen <span class=\"_ _f\"></span>concedidos <span class=\"_ _f\"></span>anticipos <span class=\"_ _f\"></span>ni <span class=\"_ _f\"></span>cr\u00e9ditos <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>sociedades <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o, <span class=\"_ _f\"></span>ni </div><div class=\"t_1 m0_1 x21 h7_1 y4d3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">han  percibido  ning\u00fan  tipo  de  indemnizaci\u00f3n<span class=\"_ _3\"></span>.  Asimismo,  en  2025  y  2024  los  Administra<span class=\"_ _3\"></span>dores  no  han </div></div><div class=\"c w3_1 h3d gsa9\"><div class=\"t_1 m0_1 x21 h7_1 y1d2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">realizado <span class=\"_ _2\"></span>con ENCE <span class=\"_ _d\"></span>o con <span class=\"_ _d\"></span>sus<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>filiales <span class=\"_ _d\"></span>operaciones fuera <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _2\"></span>giro <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>tr\u00e1fico <span class=\"_ _2\"></span>ordinario, o<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>condiciones <span class=\"_ _2\"></span>distintas </div><div class=\"t_1 m0_1 x21 h7_1 y331 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de las habitu<span class=\"_ _3\"></span>ales de mercado. </div><div class=\"t_1 m0_1 x21 h7_1 y332 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>tiene <span class=\"_ _f\"></span>contra\u00edda <span class=\"_ _3\"></span>ninguna <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>bligaci\u00f3n <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>sus <span class=\"_ _f\"></span>Administradores, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>concepto <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>tales, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>materia </div><div class=\"t_1 m0_1 x21 h7_1 y1d5 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _3\"></span>pensiones<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ni <span class=\"_ _3\"></span>sistemas <span class=\"_ _f\"></span>alternativos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>seguros, <span class=\"_ _f\"></span>excepto <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Presidente <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Con<span class=\"_ _3\"></span>sejero <span class=\"_ _3\"></span>Delegado </div><div class=\"t_1 m0_1 x21 h7_1 y1f9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">por sus funciones<span class=\"_ _3\"></span> ejecutivas.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y139 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>incorpora <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Consejo <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>Ad<span class=\"_ _3\"></span>ministraci\u00f3n <span class=\"_ _f\"></span>como <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>sejera <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>dependiente <span class=\"_ _0\"></span>D\u00aa. <span class=\"_ _f\"></span>Maria<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y1fa ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Samoilova, <span class=\"_ _f\"></span>dejando <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>formar <span class=\"_ _f\"></span>parte <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Consejo <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Administraci\u00f3n <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>consejera <span class=\"_ _f\"></span>D\u00aa. <span class=\"_ _3\"></span>Rosal\u00eda <span class=\"_ _f\"></span>Gil<span class=\"_ _3\"></span><span class=\"ff6\">\u2013</span>Albarellos<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y323 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Marcos. </div><div class=\"t_1 m0_1 x21 h7_1 y1fc ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ejercicios<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2023 <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>miembros <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>consejo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Adminis<span class=\"_ _3\"></span>traci\u00f3n <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>han <span class=\"_ _0\"></span>percibido <span class=\"_ _f\"></span>ning\u00fa<span class=\"_ _3\"></span>n </div><div class=\"t_1 m0_1 x21 h7_1 y1fd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">tipo de indemnizaci\u00f3n. Las cl\u00e1usulas<span class=\"_ _3\"></span> de indemnizaci\u00f3n de <span class=\"_ _2\"></span>los consejeros<span class=\"_ _3\"></span> se describen en el apartado C.1.39 </div><div class=\"t_1 m0_1 x21 h7_1 y243 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">el Informe Anual de Gobierno<span class=\"_ _3\"></span> Corporativ<span class=\"_ _3\"></span>o de dic<span class=\"_ _3\"></span><span class=\"ff6\">hos ejercicios, d<span class=\"_ _3\"></span>isponible en \u201cwww.ence.es\u201d. <span class=\"_ _3\"></span></span> </div><div class=\"t_1 m0_1 x21 h7_1 y1fe ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">De acuerdo con las co<span class=\"_ _3\"></span>municaciones efectuadas por los miembros d<span class=\"_ _3\"></span>el Consejo de Administraci\u00f3n, no<span class=\"_ _3\"></span> se han </div><div class=\"t_1 m0_1 x21 h7_1 y1ff ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">producido <span class=\"_ _10\"></span>durante <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ejercicio <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>refiere <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>resente <span class=\"_ _10\"></span>memoria <span class=\"_ _0\"></span>situaciones <span class=\"_ _10\"> </span>de <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>onflicto, <span class=\"_ _0\"></span>directo <span class=\"_ _10\"></span>o </div><div class=\"t_1 m0_1 x21 h7_1 y200 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">indirecto, que <span class=\"_ _2\"></span>ellos o <span class=\"_ _2\"></span>personas<span class=\"_ _3\"></span> vinculadas a <span class=\"_ _2\"></span>ellos pudieran tener con el <span class=\"_ _2\"></span>inter\u00e9s de <span class=\"_ _2\"></span>la Sociedad conforme a <span class=\"_ _2\"></span>lo </div><div class=\"t_1 m0_1 x21 h7_1 y4b1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">previsto en el art\u00edculo <span class=\"_ _3\"></span>229 de la Ley de Sociedad<span class=\"_ _3\"></span>es de Capital.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d hd ybf2 ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">33.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Retri<span class=\"_ _3\"></span>bu<span class=\"_ _2\"></span>ci\u00f3n de la Alta Direcci\u00f3<span class=\"_ _2\"></span>n  </span></span></div><div class=\"t_1 m0_1 x21 h7_1 y379 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">\u00danicamente <span class=\"_ _10\"> </span>tienen <span class=\"_ _13\"> </span>la <span class=\"_ _10\"></span>consideraci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>alta <span class=\"_ _10\"> </span>direcci\u00f3n <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>directores <span class=\"_ _10\"> </span>generales <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"> </span>tienen <span class=\"_ _13\"> </span>dependencia </div><div class=\"t_1 m0_1 x21 h7_1 y37a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">directa del Presidente y Cons<span class=\"_ _3\"></span>ejero Delegado o del Cons<span class=\"_ _3\"></span>ejo de Administra<span class=\"_ _3\"></span>ci\u00f3n, los directores q<span class=\"_ _3\"></span>ue dependen </div><div class=\"t_1 m0_1 x21 h7_1 y4c3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">directamente del Consejo d<span class=\"_ _3\"></span>e Administraci\u00f3n<span class=\"_ _3\"></span> o bien de alguna <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e sus Comisiones<span class=\"_ _3\"></span>, y cualquier otro directivo<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y4c4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">a <span class=\"_ _3\"></span>quien <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Consejo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Ad<span class=\"_ _3\"></span>ministra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>reconozca <span class=\"_ _f\"></span>tal <span class=\"_ _3\"></span>condici\u00f3n. <span class=\"_ _f\"></span>Su <span class=\"_ _f\"></span>detalle <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciem<span class=\"_ _3\"></span>bre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>el </div><div class=\"t_1 m0_1 x21 h7_1 y367 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">siguiente:  </div></div><div class=\"gsaa\"><table class=\"s w455 h20c\" id=\"_c89c2e46-ca09-4d82-985f-43ec60a8e872\"><tr><td class=\"c x67a y1547 w105 ha5\"><div class=\"t_1 m0_1 x4_1 h20 ya8c ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nombre  </div></td><td class=\"c x67b y1547 w1ff ha5\"><div class=\"t_1 m0_1 x8 h20 ya8c ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cargo </div></td></tr><tr><td class=\"c x67a y1548 w105 hd8\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Ignacio de Colmenares y Brunet </div></td><td class=\"c x67b y1548 w1ff hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Presidente y Consejero Delegado </div></td></tr><tr><td class=\"c x67a y1549 w105 hd8\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Alfredo Avello de la Pe\u00f1a </div></td><td class=\"c x67b y1549 w1ff hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Finanzas y Desarrollo Corporativo </div></td></tr><tr><td class=\"c x67a y154a w105 h9b\"><div class=\"t_1 m0_1 xe h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jordi Aguil\u00f3 Jubierre </div></td><td class=\"c x67b y154a w1ff h9b\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Celulosa </div></td></tr><tr><td class=\"c x67a y154b w105 hd8\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Guillermo Negro Maguregui </div></td><td class=\"c x67b y154b w1ff hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Magnon Green Energy, S.L.  </div></td></tr><tr><td class=\"c x67a y154c w105 h86\"><div class=\"t_1 m0_1 xe h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Reyes Cerezo Rodr\u00edguez-Sedano </div></td><td class=\"c x67c y154d w456 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Secretaria General/D. General Corporativa de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x67c y154e w457 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sostenibilidad y Regulaci\u00f3n<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x67a y154f w105 h9b\"><div class=\"t_1 m0_1 xe h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Isabel Vallejo de la Fuente </div></td><td class=\"c x67b y154f w1ff h9b\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Corporativa Capital Humano </div></td></tr><tr><td class=\"c x67a y1550 w105 hd8\"><div class=\"t_1 m0_1 xe h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Modesto Saiz Su\u00e1rez  </div></td><td class=\"c x67b y1550 w1ff hd8\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Comercial y Log\u00edstica Celulosa </div></td></tr><tr><td class=\"c x67a y1551 w105 h37\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Fernando Gonz\u00e1lez-Palacios Carbajo </div></td><td class=\"c x67b y1551 w1ff h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Planificaci\u00f3n y Control </div></td></tr><tr><td class=\"c x67a y1552 w105 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Carla Moren\u00e9s Basabe </div></td><td class=\"c x67b y1552 w1ff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D<span class=\"lsc\">. </span>\u00c9tica y Cumplimiento </div></td></tr><tr><td class=\"c x67a y1553 w105 h117\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. \u00c1ngel J. Mosquera L\u00f3pez-Leyton </div></td><td class=\"c x67b y1553 w1ff h117\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Auditor\u00eda Interna </div></td></tr></table></div><div class=\"c w3_1 h3d gsa9\"><div class=\"t_1 m0_1 xac h20 y299 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x21 h7_1 y238 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>esglosan <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tinuaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>las <span class=\"_ _15\"> </span>retribuciones <span class=\"_ _17\"> </span>y <span class=\"_ _15\"> </span>otras <span class=\"_ _15\"> </span>presta<span class=\"_ _3\"></span>ciones <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>alta <span class=\"_ _17\"> </span>Direcci\u00f3n<span class=\"_ _f\"></span>, <span class=\"_ _19\"> </span>excluida <span class=\"_ _17\"> </span>la </div><div class=\"t_1 m0_1 x21 h7_1 ya08 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">correspondiente al Presid<span class=\"_ _3\"></span>ente y Consejero Delegado,<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>urante los ejercicios 20<span class=\"_ _3\"></span>25 y 2024: </div><div class=\"t_1 m0_1 x21 h7_1 yb5c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x21 h7_1 y2d7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x21 h7_1 y41c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><table class=\"s w458 h20d\" id=\"_559d2109-a938-46df-96c3-8b501013585b\"><tr><td class=\"c x67e y1554 w115 h119\"><div class=\"t_1 m0_1 x10 h58 y935 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x67f y1554 w1b0 h119\"><div class=\"t_1 m0_1 x82 h58 y935 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x680 y1554 w1b0 h119\"><div class=\"t_1 m0_1 x82 h58 y935 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x67e y1555 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuci\u00f3n fija </div></td><td class=\"c x67f y1555 w1b0 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.142 </div></td><td class=\"c x680 y1555 w1b0 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.075 </div></td></tr><tr><td class=\"c x67e y1556 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuci\u00f3n variable </div></td><td class=\"c x67f y1556 w1b0 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.567 </div></td><td class=\"c x680 y1556 w1b0 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.155 </div></td></tr><tr><td class=\"c x67e y1557 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sistemas de ahorro (Nota 3.14) </div></td><td class=\"c x67f y1557 w1b0 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"lsd\">10</span> </div></td><td class=\"c x680 y1557 w1b0 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">93<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x67e y1558 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuci\u00f3n especie y otros </div></td><td class=\"c x67f y1558 w1b0 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"lsd\">59</span> </div></td><td class=\"c x680 y1558 w1b0 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">167<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x67e y1559 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP <span class=\"lsd\">2019</span>-<span class=\"lsd\">2023</span> Ciclo I (Nota 11) </div></td><td class=\"c x67f y1559 w1b0 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x680 y1559 w1b0 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">159<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x67f y155a w1b0 h24\"><div class=\"t_1 m0_1 xe h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.97<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x680 y155a w1b0 h24\"><div class=\"t_1 m0_1 xe h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.649<span class=\"ls0_1\"> </span></div></td></tr></table>La <span class=\"_ _3\"></span>alta <span class=\"_ _f\"></span>Direcci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>ben<span class=\"_ _3\"></span>eficiaria <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>seguro <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ixto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>aho<span class=\"_ _3\"></span>rro <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>vida <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>accidente<span class=\"_ _3\"></span><span class=\"ls3d\">. <span class=\"_ _3\"></span></span>Por <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>parte, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE ofrece <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>alta <span class=\"_ _10\"> </span>direcci\u00f3n <span class=\"_ _10\"> </span>distin<span class=\"_ _3\"></span>tas <span class=\"_ _10\"> </span>retribucion<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>especie; <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>eh\u00edculo <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>empresa, <span class=\"_ _10\"> </span>seguro <span class=\"_ _13\"> </span>m\u00e9<span class=\"_ _2\"></span>dico, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>la posibilidad d<span class=\"_ _3\"></span>e realizar anualmente un reconocimi<span class=\"_ _3\"></span>ento m\u00e9dico. <span class=\"_ _3\"></span> Formando parte d<span class=\"_ _3\"></span>e su retribuci\u00f3n devengada,<span class=\"_ _3\"></span> en el a\u00f1o 2024 la Alta Direcci\u00f3n ha sido beneficiaria del Ciclo II <span class=\"_ _3\"></span>del Plan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de Incentivos<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>Energ\u00eda <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Celulosa, <span class=\"_ _3\"></span>S.A. <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>el periodo<span class=\"_ _3\"></span> 2019<span class=\"_ _f\"></span>-2023 (v\u00e9ase <span class=\"_ _3\"></span>Nota 11<span class=\"ls13\">.2<span class=\"ls0_1\">). En el marco de dicho p<span class=\"_ _3\"></span>lan <span class=\"_ _3\"></span>percibi\u00f3 <span class=\"ff6\">75 miles \u20ac y<span class=\"_ _3\"></span> 30 miles de acciones d<span class=\"_ _3\"></span>e ENCE.<span class=\"_ _3\"></span></span> </span></span>Asimismo, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Alta <span class=\"_ _3\"></span>Dire<span class=\"_ _3\"></span>cci\u00f3n <span class=\"_ _f\"></span>es <span class=\"_ _f\"></span>beneficiaria <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ciclos <span class=\"_ _f\"></span>I, <span class=\"_ _f\"></span>II <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>III <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Incentivos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>ENCE Energ\u00eda <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>Celulosa, <span class=\"_ _d\"></span>S.A. <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>periodo <span class=\"_ _d\"></span>2023<span class=\"_ _3\"></span>-2027 <span class=\"_ _2\"></span>(v\u00e9ase <span class=\"_ _d\"></span>No<span class=\"_ _3\"></span>ta <span class=\"_ _d\"></span>11.2). <span class=\"_ _2\"></span>Considerando <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>grado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> de los objetivos<span class=\"_ _3\"></span> de los ciclos I,<span class=\"_ _3\"></span> II y III d<span class=\"_ _3\"></span>el plan del 10<span class=\"_ _3\"></span>0%, percib<span class=\"_ _3\"></span>ir\u00eda 947 miles de a<span class=\"_ _3\"></span>cciones de EN<span class=\"_ _3\"></span>CE y 77 mil<span class=\"_ _3\"></span>es \u20ac <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span><span class=\"ff3\">efectivo <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>a\u00f1o <span class=\"_ _0\"></span>2026 <span class=\"_ _0\"></span>correspond<span class=\"_ _3\"></span>iente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ciclo <span class=\"_ _0\"></span>I, <span class=\"_ _10\"></span>365 <span class=\"_ _0\"></span>miles <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>accion<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ENCE <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span><span class=\"ls10\">28</span> <span class=\"_ _0\"></span></span>miles <span class=\"_ _10\"></span>\u20ac <span class=\"_ _f\"></span>en efectivo en el a\u00f1o 20<span class=\"_ _3\"></span>27 correspond<span class=\"_ _3\"></span>iente al ciclo II y 352 mil<span class=\"_ _3\"></span>es de acciones <span class=\"_ _3\"></span><span class=\"ff6\">de E<span class=\"_ _3\"></span>NCE y 28 <span class=\"_ _3\"></span>miles \u20ac en efectiv<span class=\"_ _3\"></span>o </span>en el a\u00f1o 2028 corres<span class=\"_ _3\"></span>pondientes al ciclo III<span class=\"_ _3\"></span>. Por su parte, la <span class=\"_ _2\"></span>Alta Direcci\u00f3n encuadrada en el <span class=\"_ _2\"></span>Negocio Renovables es beneficiaria del Plan de Incentivos a largo  plazo  Grupo  Magnon  para  el <span class=\"_ _13\"> </span>periodo  2021-2025  (v\u00e9ase  Nota  11<span class=\"ls13\">.2</span>).  Consid<span class=\"_ _3\"></span>erando  un  grado<span class=\"_ _2\"></span>  de consecuci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>objetiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>plan <span class=\"_ _f\"></span>del 100%, <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ercibir\u00eda <span class=\"_ _3\"></span>650 <span class=\"_ _3\"></span>mil<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>\u20ac, <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el a\u00f1o <span class=\"_ _f\"></span>2026. I<span class=\"_ _3\"></span>gualmente, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Alta Direcci\u00f3n  es <span class=\"_ _13\"> </span>beneficiaria  de <span class=\"_ _13\"> </span>un  incentivo <span class=\"_ _13\"> </span>extraordinario <span class=\"_ _13\"> </span>vinculado  al  valor<span class=\"_ _2\"></span>  del <span class=\"_ _13\"> </span>negocio  que <span class=\"_ _13\"> </span>desarrolla Magnon Green Energy, S.L. y sus filiales en 2028<span class=\"_ _2\"></span>. En caso de alcanzar el 100% del <span class=\"_ _2\"></span>objetivo prev<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>to en dicho incentivo, se percibir\u00edan<span class=\"_ _3\"></span> 2.450 miles \u20ac<span class=\"ff3\"> en el a<span class=\"_ _3\"></span>\u00f1o 2029.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Plan<span class=\"ls38\">es</span> de retribuci\u00f3n a largo plazo<span class=\"_ _2\"></span> </span></span>Se <span class=\"_ _10\"> </span>detalla <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>con<span class=\"_ _3\"></span>tinuaci\u00f3n <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>n\u00famero <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>beneficiarios <span class=\"_ _10\"> </span>al <span class=\"_ _13\"> </span>31/12/2025 <span class=\"_ _13\"> </span>as\u00ed <span class=\"_ _13\"> </span>como <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>compro<span class=\"_ _3\"></span>miso <span class=\"_ _10\"> </span>m\u00e1ximo,<span class=\"_ _3\"></span> asumiendo un gra<span class=\"_ _3\"></span>do de consecuci\u00f3n del 100%, de los<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>lanes de incentiv<span class=\"_ _3\"></span>os a largo plaz<span class=\"_ _3\"></span>o vigentes:<table class=\"s w33b h195\" id=\"_ac945518-8261-425b-bd7d-b042dd2b6549\"><tr><td></td><td></td><td></td><td class=\"c x388 y1144 wd4 ha4\"><div class=\"t_1 m0_1 x41 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste m\u00e1ximo (miles \u20ac)<span class=\"ff2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x389 y1145 w33c h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x38a y1146 wd2 ha5\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP </div></td><td class=\"c x38b y1147 w33d h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficiarios<span class=\"_ _65\"> </span></div></td><td class=\"c x388 y1146 wd5 ha5\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></td><td class=\"c x38c y1146 w44 ha5\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acciones </div></td><td class=\"c x38d y1146 wd6 ha5\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1149 w33e h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-2027 (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x38f y114a wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">83<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114a wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.864 </div></td><td class=\"c x38c y114a w44 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.327 </div></td><td class=\"c x38d y114a wd6 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.191 </div></td></tr><tr><td class=\"c x38a y114b wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa Moldeada </div></td><td class=\"c x38f y114b wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114b wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114b w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114b wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">348<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y114c w33f h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x38f y114d wd3 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y114d wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td><td class=\"c x38c y114d w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114d wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.816 </div></td></tr><tr><td class=\"c x38a y114e wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biog\u00e1s </div></td><td class=\"c x38f y114e wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x388 y114e wd5 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td><td class=\"c x38c y114e w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114e wd6 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.054 </div></td></tr><tr><td class=\"c x38a y114f wd2 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Calor Industrial </div></td><td class=\"c x38f y114f wd3 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x388 y114f wd5 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y114f w44 h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x38d y114f wd6 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">557<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x38f y1150 wd3 h5c\"><div class=\"t_1 m0_1 x1e h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">116<span class=\"ls0_1\"> </span></div></td><td class=\"c x388 y1150 wd5 h5c\"><div class=\"t_1 m0_1 x15 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.639<span class=\"ls0_1\"> </span></div></td><td class=\"c x38c y1150 w44 h5c\"><div class=\"t_1 m0_1 x22 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.327<span class=\"ls0_1\"> </span></div></td><td class=\"c x38d y1150 wd6 h5c\"><div class=\"t_1 m0_1 x11 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22.966<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _1\"> </span>Se recogen los compromisos<span class=\"_ _3\"></span> vigentes al 31/12/202<span class=\"_ _3\"></span>5 as<span class=\"_ _3\"></span>ociados a los<span class=\"_ _3\"></span> Ciclos I, <span class=\"ls13\">II</span> y III<span class=\"_ _3\"></span> del plan El <span class=\"_ _2\"></span>gasto devengado <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre de <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5 y <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>corresp<span class=\"_ _3\"></span>ondiente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>los distintos <span class=\"_ _2\"></span>planes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retribuci\u00f3n, detallado consid<span class=\"_ _3\"></span>erando su contrapar<span class=\"_ _3\"></span>tida, es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w340 h198\" id=\"_062a6762-a028-4c0d-bebb-934aff5a693c\"><tr><td></td><td></td><td class=\"c x390 y1151 wd8 h24\"><div class=\"t_1 m0_1 xd8 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025 </div></td><td></td><td></td><td class=\"c x391 y1151 wda h24\"><div class=\"t_1 m0_1 xcd h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td></td><td class=\"c x392 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de</div></td><td class=\"c x393 y1153 w342 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones<span class=\"_ _65\"> </span></div></td><td class=\"c x394 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1152 w341 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto de<span class=\"_ _65\"> </span></div></td><td class=\"c x396 y1152 w344 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones a<span class=\"_ _65\"> </span></div></td><td class=\"c x397 y1153 w343 h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1154 wd7 h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x392 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal</div></td><td class=\"c x398 y1156 w346 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a largo y<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td><td class=\"c x395 y1155 w345 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personal<span class=\"_ _65\"> </span></div></td><td class=\"c x399 y1155 w348 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">largo y corto</div></td><td class=\"c x39a y1156 w347 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x39b y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)</div></td><td class=\"c x393 y1158 w349 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">corto plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x2e4 y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td><td class=\"c x39c y1157 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 11)<span class=\"_ _65\"> </span></div></td><td class=\"c x39d y1157 w34b h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plazo (Nota 31)</div></td><td class=\"c x39a y1158 w34a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x39e y1159 w32e h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 31)<span class=\"_ _65\"> </span></div></td><td class=\"c x39f y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x3a0 y1159 w34c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 21.7)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y115b w34d h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-<span class=\"lsd\">2027<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115c wdb h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(142) </div></td><td class=\"c x3a2 y115c wdc h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x3a3 y115c wdd h24\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y115c wdf h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.437 </div></td><td class=\"c x3a4 y115c we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">392<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115c we1 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.045 </div></td></tr><tr><td class=\"c x28c y115d wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Celulosa Moldeada </span></div></td><td class=\"c x390 y115d wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115d wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">71<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115d wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115d wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115d we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">99<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115d we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x1ca y114c w33f h19b\"><div class=\"t_1 m0_1 x1c9 h20 y115e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x3a1 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon 2021-<span class=\"lsd\">2025<span class=\"_ _65\"> </span></span></div></td><td class=\"c x390 y115f wdb h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y115f wdc h5c\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">121<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y115f wdd h5c\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y115f wdf h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y115f we0 h5c\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">301<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y115f we1 h5c\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1160 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Biometano </span></div></td><td class=\"c x390 y1160 wdb h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1160 wdc h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">281<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1160 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1160 wdf h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1160 we0 h24\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">139<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1160 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1161 wd7 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Calor Industrial </span></div></td><td class=\"c x390 y1161 wdb h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1161 wdc h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1161 wdd h24\"><div class=\"t_1 m0_1 xd8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x391 y1161 wdf h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1161 we0 h24\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1161 we1 h24\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x390 y1162 wdb h24\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">376<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a2 y1162 wdc h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">447<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a3 y1162 wdd h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x391 y1162 wdf h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.021<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a4 y1162 we0 h24\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">975<span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y1162 we1 h24\"><div class=\"t_1 m0_1 x41 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.045<span class=\"ls0_1\"> </span></div></td></tr></table>Plan de ince<span class=\"_ _3\"></span>ntivo a largo plazo para el p<span class=\"_ _3\"></span>eriodo 2023<span class=\"_ _3\"></span>-<span class=\"ls10\">2027</span> El <span class=\"_ _3\"></span>5 d<span class=\"_ _3\"></span>e mayo<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2023 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Ordinaria <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Accionistas<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> Dom<span class=\"_ _3\"></span>inante <span class=\"_ _f\"></span><span class=\"ff6\">apro<span class=\"_ _3\"></span>b\u00f3 <span class=\"_ _3\"></span>el \u201cPlan<span class=\"_ _3\"></span> </span>de incentivo<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>2023-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _3\"></span>dirigido a<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>irectivos, i<span class=\"_ _3\"></span>ncluido <span class=\"_ _3\"></span>el Presidente <span class=\"_ _3\"></span>y Con<span class=\"_ _3\"></span>sejero <span class=\"_ _3\"></span>Delegado d<span class=\"_ _3\"></span>e la Sociedad, y otro<span class=\"_ _3\"></span>s empleados del Grupo<span class=\"_ _3\"></span> Ence (el \u201cPlan\u201d). <span class=\"_ _3\"></span><span class=\"ff3\"> </span>El Plan tiene un<span class=\"_ _3\"></span>a duraci\u00f3n de <span class=\"_ _3\"></span>5 a\u00f1os, es<span class=\"_ _3\"></span>to es, desde el 1/1/2023 h<span class=\"_ _3\"></span>asta el 31/12/<span class=\"_ _3\"></span>2027 y se d<span class=\"_ _3\"></span>ivid<span class=\"_ _3\"></span>e en 3 ci<span class=\"_ _3\"></span>clos anuales <span class=\"_ _10\"></span>solapados <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>3 <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ellos<span class=\"_ _3\"></span>, <span class=\"_ _10\"></span>independientes <span class=\"_ _0\"></span>entre <span class=\"_ _10\"></span>s\u00ed, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _3\"></span>idar\u00e1n dentro <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los <span class=\"_ _2\"></span>90 <span class=\"_ _d\"></span>d\u00edas <span class=\"_ _2\"></span>siguientes <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>\u00faltimo <span class=\"_ _2\"></span>a\u00f1o <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>cada <span class=\"_ _d\"></span>ciclo<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _d\"></span><span class=\"ls0_1\"> <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>ciclo <span class=\"_ _2\"></span>I <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Plan <span class=\"_ _d\"></span>representa<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>un <span class=\"_ _d\"></span>60% <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _3\"></span> II y III representan un<span class=\"_ _3\"></span> 20% cada uno del incentivo to<span class=\"_ _3\"></span>tal.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>incentivo <span class=\"_ _f\"></span>de cad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>estar\u00e1 <span class=\"_ _3\"></span>condicionado <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>cumplimiento <span class=\"_ _f\"></span>de d<span class=\"_ _3\"></span>eterminados <span class=\"_ _3\"></span>objetiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>financieros, <span class=\"_ _f\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _13\"> </span>valor  para  el  accionista,  ap<span class=\"_ _2\"></span>robados<span class=\"_ _3\"></span>  por  e<span class=\"_ _2\"></span>l  Consejo  de <span class=\"_ _13\"> </span>Administraci\u00f3n  a propuesta d<span class=\"_ _3\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"_ _3\"></span> y Retribu<span class=\"_ _3\"></span>ciones.  El incentivo considerado en este Plan consiste en <span class=\"_ _2\"></span>un % de la <span class=\"_ _2\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _3\"></span>ciclo <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>funci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>categor\u00eda <span class=\"_ _f\"></span>profesional <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>eneficiario, <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>liquida <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>un 30% <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>efectivo, <span class=\"_ _f\"></span>excepto <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>miembros <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Comit\u00e9 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Direcci\u00f3n <span class=\"_ _f\"></span>cuya <span class=\"_ _f\"></span>liquidaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>100% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>acciones. <span class=\"_ _10\"></span>El<span class=\"_ _65\"> </span>Presidente y <span class=\"_ _2\"></span>Consejero Delegado y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>resto de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>iembros del <span class=\"_ _2\"></span>Comit\u00e9 <span class=\"_ _2\"></span>de Direcci\u00f3n <span class=\"_ _2\"></span>asumen determinados compromisos de mantenim<span class=\"_ _3\"></span>iento de las<span class=\"_ _3\"></span> acciones recibidas.<span class=\"_ _3\"></span>  El <span class=\"_ _3\"></span>n\u00famero <span class=\"_ _3\"></span>de accion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>entregar se <span class=\"_ _3\"></span>determinar\u00e1 <span class=\"_ _3\"></span>consid<span class=\"_ _3\"></span>erando <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>precio d<span class=\"_ _3\"></span>e referencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>acci\u00f3n <span class=\"_ _3\"></span>de ENCE <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cotizaci\u00f3n <span class=\"_ _3\"></span>media <span class=\"_ _3\"></span>en los <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>d\u00edas <span class=\"_ _3\"></span>anteriores <span class=\"_ _3\"></span>y pos<span class=\"_ _3\"></span>teriores <span class=\"_ _3\"></span>al 31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre de <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>inicio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ciclo.<span class=\"_ _2\"></span> El <span class=\"_ _f\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>referencia <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>siderar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _f\"></span><span class=\"lsf\">ciclo<span class=\"_ _3\"></span></span>s <span class=\"_ _f\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>3,24 <span class=\"_ _0\"></span>\u20ac/acci\u00f3n</span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">2,86 <span class=\"_ _f\"></span>\u20ac<span class=\"_ _3\"></span>/acci\u00f3n, <span class=\"_ _0\"></span></span><span class=\"ls17\">y <span class=\"_ _f\"></span></span>3,1<span class=\"_ _3\"></span> <span class=\"_ _f\"></span><span class=\"ff6\">\u20ac/acci\u00f3n, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _0\"></span>ciclos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span>81, <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>83 <span class=\"_ _0\"></span>personas<span class=\"ls19\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _13\"> </span>coste  m\u00e1ximo  previsto  en <span class=\"_ _13\"> </span>su conjunto,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>considerando <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>grado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>100%<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>asciende <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>aproximad<span class=\"_ _3\"></span>amente <span class=\"_ _3\"></span>18,2 <span class=\"_ _f\"></span>millon<span class=\"ff6\">es <span class=\"_ _3\"></span>\u20ac</span> (2,8 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _3\"></span>ectivo y </span>4,9 millones d<span class=\"_ _3\"></span>e acciones)<span class=\"ls13\">. <span class=\"_ _3\"></span></span> Otros planes de retribuc<span class=\"_ _3\"></span>i\u00f3n a largo p<span class=\"_ _3\"></span>lazo <span class=\"ls39\">y </span>o<span class=\"_ _3\"></span>tros compromisos El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>aprob\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2024 tr<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>planes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>incentivo <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dirigidos <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _3\"></span>empl<span class=\"_ _3\"></span>eados <span class=\"_ _3\"></span>clave<span class=\"_ _3\"></span> ligados <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>negocios <span class=\"_ _3\"></span>Celulosa <span class=\"_ _f\"></span>Moldeada, <span class=\"_ _3\"></span>Biog\u00e1s <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>Calor <span class=\"_ _3\"></span>Indus<span class=\"_ _3\"></span>trial. <span class=\"_ _f\"></span>Los <span class=\"_ _3\"></span>plan<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>tienen <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>duraci\u00f3n <span class=\"_ _f\"></span>de 4,5 a\u00f1os, se liquidan en ef<span class=\"_ _2\"></span>ectivo, y su consecuci\u00f3n est\u00e1 condicionada al cumplimiento de una serie <span class=\"_ _2\"></span>de objetivos ligados al desar<span class=\"_ _3\"></span>rollo de dicho<span class=\"_ _3\"></span>s negocios. Adicionalmente, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2021 <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plan<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>incentivo <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>largo<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>plaz<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>dirigido<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a  determinados<span class=\"_ _3\"></span> empleados <span class=\"_ _10\"></span>clave <span class=\"_ _10\"></span>ligados <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>negocio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>Renovables. <span class=\"_ _10\"> </span>El <span class=\"_ _10\"></span>plan <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"> </span>una <span class=\"_ _10\"></span>duraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>5 <span class=\"_ _0\"></span>a\u00f1os, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>liquida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _16\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>as\u00ed <span class=\"_ _19\"> </span>mismo <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>consecuci\u00f3n <span class=\"_ _19\"> </span>est\u00e1 <span class=\"_ _19\"> </span>condicionada <span class=\"_ _16\"> </span>al <span class=\"_ _19\"> </span>cumplimiento <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>determinados <span class=\"_ _19\"> </span>objetivos financieros y n<span class=\"_ _3\"></span>o financieros. De <span class=\"_ _f\"></span>acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>previsto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>Celulosa, <span class=\"_ _f\"></span>S.A. <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>el periodo 2019-2023, <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>procedi\u00f3 a <span class=\"_ _d\"></span>la liquidaci\u00f3n del <span class=\"_ _d\"></span>Ciclo <span class=\"_ _2\"></span>II <span class=\"_ _2\"></span>del citado <span class=\"_ _2\"></span>Plan, <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>ha supuso la liquidaci\u00f3n, d<span class=\"_ _3\"></span>espu\u00e9s de impuestos, d<span class=\"_ _3\"></span>e 236 miles \u20ac y 95 miles acciones d<span class=\"_ _3\"></span>e ENCE.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _f\"></span>24 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>marzo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>20<span class=\"_ _3\"></span>22 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Cons<span class=\"_ _3\"></span>ejo <span class=\"_ _f\"></span>Ad<span class=\"_ _3\"></span>ministraci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Mag<span class=\"_ _3\"></span>non <span class=\"_ _f\"></span>Green <span class=\"_ _f\"></span>Energy, <span class=\"_ _f\"></span>S.L., <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>rob\u00f3 <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>incentivo <span class=\"_ _f\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _2\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _2\"></span>iciarios percibir <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>retribuci\u00f3n <span class=\"_ _3\"></span>extraordinaria <span class=\"_ _3\"></span>pagadera <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>met\u00e1lico <span class=\"_ _3\"></span>y v<span class=\"_ _3\"></span>inculada <span class=\"_ _3\"></span>a la <span class=\"_ _3\"></span>rentabilidad <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>los<span class=\"_ _65\"> </span>accionistas <span class=\"_ _3\"></span>entre el <span class=\"_ _3\"></span>18 de <span class=\"_ _3\"></span>diciembre de 2<span class=\"_ _3\"></span>020 y <span class=\"_ _3\"></span>el 18 de <span class=\"_ _3\"></span>diciembre d<span class=\"_ _3\"></span>e 2028. <span class=\"_ _3\"></span>Son requis<span class=\"_ _3\"></span>itos par<span class=\"_ _3\"></span>a su d<span class=\"_ _3\"></span>evengo la <span class=\"_ _13\"> </span>consecuci\u00f3n  de <span class=\"_ _10\"> </span>un<span class=\"_ _3\"></span>a <span class=\"_ _13\"> </span>tasa <span class=\"_ _13\"> </span>interna <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>rentabilidad <span class=\"_ _13\"> </span>(TIR) <span class=\"_ _10\"> </span>m\u00ednima  para <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>accionista <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>10%, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>el beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la  fecha <span class=\"_ _13\"> </span>de  pago,  con  las salvedades h<span class=\"_ _2\"></span>abituales <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>este <span class=\"_ _2\"></span>tipo <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>incentivo<span class=\"_ _3\"></span>s. <span class=\"_ _2\"></span>El <span class=\"_ _d\"></span>colectivo <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>lan <span class=\"_ _d\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>diciembre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>lo <span class=\"_ _d\"></span>forman<span class=\"_ _3\"></span> 4 person<span class=\"_ _3\"></span>as, y el <span class=\"_ _3\"></span>coste m\u00e1ximo <span class=\"_ _3\"></span>previsto, cons<span class=\"_ _3\"></span>iderando un <span class=\"_ _3\"></span>grado de consecuci\u00f3n <span class=\"_ _3\"></span>del 100%, <span class=\"_ _3\"></span>asciende <span class=\"_ _f\"></span><span class=\"ls2a\">a </span>3.749 m<span class=\"ff6\">iles \u20ac.<span class=\"_ _65\"> </span></span>33.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Retri<span class=\"_ _3\"></span>bu<span class=\"_ _2\"></span>ci\u00f3n de la Alta Direcci\u00f3<span class=\"_ _2\"></span>n  </span></span>\u00danicamente <span class=\"_ _10\"> </span>tienen <span class=\"_ _13\"> </span>la <span class=\"_ _10\"></span>consideraci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>alta <span class=\"_ _10\"> </span>direcci\u00f3n <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>directores <span class=\"_ _10\"> </span>generales <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _10\"> </span>tienen <span class=\"_ _13\"> </span>dependencia directa del Presidente y Cons<span class=\"_ _3\"></span>ejero Delegado o del Cons<span class=\"_ _3\"></span>ejo de Administra<span class=\"_ _3\"></span>ci\u00f3n, los directores q<span class=\"_ _3\"></span>ue dependen directamente del Consejo d<span class=\"_ _3\"></span>e Administraci\u00f3n<span class=\"_ _3\"></span> o bien de alguna <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e sus Comisiones<span class=\"_ _3\"></span>, y cualquier otro directivo<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>quien <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Consejo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Ad<span class=\"_ _3\"></span>ministra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>reconozca <span class=\"_ _f\"></span>tal <span class=\"_ _3\"></span>condici\u00f3n. <span class=\"_ _f\"></span>Su <span class=\"_ _f\"></span>detalle <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciem<span class=\"_ _3\"></span>bre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>el siguiente:  <table class=\"s w455 h20c\" id=\"_c89c2e46-ca09-4d82-985f-43ec60a8e872\"><tr><td class=\"c x67a y1547 w105 ha5\"><div class=\"t_1 m0_1 x4_1 h20 ya8c ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nombre  </div></td><td class=\"c x67b y1547 w1ff ha5\"><div class=\"t_1 m0_1 x8 h20 ya8c ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cargo </div></td></tr><tr><td class=\"c x67a y1548 w105 hd8\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Ignacio de Colmenares y Brunet </div></td><td class=\"c x67b y1548 w1ff hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Presidente y Consejero Delegado </div></td></tr><tr><td class=\"c x67a y1549 w105 hd8\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Alfredo Avello de la Pe\u00f1a </div></td><td class=\"c x67b y1549 w1ff hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Finanzas y Desarrollo Corporativo </div></td></tr><tr><td class=\"c x67a y154a w105 h9b\"><div class=\"t_1 m0_1 xe h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jordi Aguil\u00f3 Jubierre </div></td><td class=\"c x67b y154a w1ff h9b\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Celulosa </div></td></tr><tr><td class=\"c x67a y154b w105 hd8\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Guillermo Negro Maguregui </div></td><td class=\"c x67b y154b w1ff hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Magnon Green Energy, S.L.  </div></td></tr><tr><td class=\"c x67a y154c w105 h86\"><div class=\"t_1 m0_1 xe h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Reyes Cerezo Rodr\u00edguez-Sedano </div></td><td class=\"c x67c y154d w456 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Secretaria General/D. General Corporativa de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x67c y154e w457 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sostenibilidad y Regulaci\u00f3n<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x67a y154f w105 h9b\"><div class=\"t_1 m0_1 xe h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Isabel Vallejo de la Fuente </div></td><td class=\"c x67b y154f w1ff h9b\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Corporativa Capital Humano </div></td></tr><tr><td class=\"c x67a y1550 w105 hd8\"><div class=\"t_1 m0_1 xe h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Modesto Saiz Su\u00e1rez  </div></td><td class=\"c x67b y1550 w1ff hd8\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Comercial y Log\u00edstica Celulosa </div></td></tr><tr><td class=\"c x67a y1551 w105 h37\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Fernando Gonz\u00e1lez-Palacios Carbajo </div></td><td class=\"c x67b y1551 w1ff h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Planificaci\u00f3n y Control </div></td></tr><tr><td class=\"c x67a y1552 w105 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Carla Moren\u00e9s Basabe </div></td><td class=\"c x67b y1552 w1ff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D<span class=\"lsc\">. </span>\u00c9tica y Cumplimiento </div></td></tr><tr><td class=\"c x67a y1553 w105 h117\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. \u00c1ngel J. Mosquera L\u00f3pez-Leyton </div></td><td class=\"c x67b y1553 w1ff h117\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Auditor\u00eda Interna </div></td></tr></table>Se <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>esglosan <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tinuaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>las <span class=\"_ _15\"> </span>retribuciones <span class=\"_ _17\"> </span>y <span class=\"_ _15\"> </span>otras <span class=\"_ _15\"> </span>presta<span class=\"_ _3\"></span>ciones <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>alta <span class=\"_ _17\"> </span>Direcci\u00f3n<span class=\"_ _f\"></span>, <span class=\"_ _19\"> </span>excluida <span class=\"_ _17\"> </span>la correspondiente al Presid<span class=\"_ _3\"></span>ente y Consejero Delegado,<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>urante los ejercicios 20<span class=\"_ _3\"></span>25 y 2024:<table class=\"s w458 h20d\" id=\"_559d2109-a938-46df-96c3-8b501013585b\"><tr><td class=\"c x67e y1554 w115 h119\"><div class=\"t_1 m0_1 x10 h58 y935 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x67f y1554 w1b0 h119\"><div class=\"t_1 m0_1 x82 h58 y935 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x680 y1554 w1b0 h119\"><div class=\"t_1 m0_1 x82 h58 y935 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x67e y1555 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuci\u00f3n fija </div></td><td class=\"c x67f y1555 w1b0 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.142 </div></td><td class=\"c x680 y1555 w1b0 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.075 </div></td></tr><tr><td class=\"c x67e y1556 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuci\u00f3n variable </div></td><td class=\"c x67f y1556 w1b0 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.567 </div></td><td class=\"c x680 y1556 w1b0 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.155 </div></td></tr><tr><td class=\"c x67e y1557 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sistemas de ahorro (Nota 3.14) </div></td><td class=\"c x67f y1557 w1b0 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"lsd\">10</span> </div></td><td class=\"c x680 y1557 w1b0 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">93<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x67e y1558 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuci\u00f3n especie y otros </div></td><td class=\"c x67f y1558 w1b0 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"lsd\">59</span> </div></td><td class=\"c x680 y1558 w1b0 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">167<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x67e y1559 w115 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP <span class=\"lsd\">2019</span>-<span class=\"lsd\">2023</span> Ciclo I (Nota 11) </div></td><td class=\"c x67f y1559 w1b0 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x680 y1559 w1b0 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">159<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x67f y155a w1b0 h24\"><div class=\"t_1 m0_1 xe h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.97<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x680 y155a w1b0 h24\"><div class=\"t_1 m0_1 xe h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.649<span class=\"ls0_1\"> </span></div></td></tr></table>La <span class=\"_ _3\"></span>alta <span class=\"_ _f\"></span>Direcci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>ben<span class=\"_ _3\"></span>eficiaria <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>seguro <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ixto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>aho<span class=\"_ _3\"></span>rro <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>vida <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>accidente<span class=\"_ _3\"></span><span class=\"ls3d\">. <span class=\"_ _3\"></span></span>Por <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>parte, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE ofrece <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>alta <span class=\"_ _10\"> </span>direcci\u00f3n <span class=\"_ _10\"> </span>distin<span class=\"_ _3\"></span>tas <span class=\"_ _10\"> </span>retribucion<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>especie; <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>eh\u00edculo <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>empresa, <span class=\"_ _10\"> </span>seguro <span class=\"_ _13\"> </span>m\u00e9<span class=\"_ _2\"></span>dico, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>la posibilidad d<span class=\"_ _3\"></span>e realizar anualmente un reconocimi<span class=\"_ _3\"></span>ento m\u00e9dico. <span class=\"_ _3\"></span> Formando parte d<span class=\"_ _3\"></span>e su retribuci\u00f3n devengada,<span class=\"_ _3\"></span> en el a\u00f1o 2024 la Alta Direcci\u00f3n ha sido beneficiaria del Ciclo II <span class=\"_ _3\"></span>del Plan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de Incentivos<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _3\"></span>ENCE <span class=\"_ _3\"></span>Energ\u00eda <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Celulosa, <span class=\"_ _3\"></span>S.A. <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>el periodo<span class=\"_ _3\"></span> 2019<span class=\"_ _f\"></span>-2023 (v\u00e9ase <span class=\"_ _3\"></span>Nota 11<span class=\"ls13\">.2<span class=\"ls0_1\">). En el marco de dicho p<span class=\"_ _3\"></span>lan <span class=\"_ _3\"></span>percibi\u00f3 <span class=\"ff6\">75 miles \u20ac y<span class=\"_ _3\"></span> 30 miles de acciones d<span class=\"_ _3\"></span>e ENCE.<span class=\"_ _3\"></span></span> </span></span>Asimismo, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Alta <span class=\"_ _3\"></span>Dire<span class=\"_ _3\"></span>cci\u00f3n <span class=\"_ _f\"></span>es <span class=\"_ _f\"></span>beneficiaria <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ciclos <span class=\"_ _f\"></span>I, <span class=\"_ _f\"></span>II <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>III <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Plan <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Incentivos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>ENCE Energ\u00eda <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>Celulosa, <span class=\"_ _d\"></span>S.A. <span class=\"_ _2\"></span>para <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>periodo <span class=\"_ _d\"></span>2023<span class=\"_ _3\"></span>-2027 <span class=\"_ _2\"></span>(v\u00e9ase <span class=\"_ _d\"></span>No<span class=\"_ _3\"></span>ta <span class=\"_ _d\"></span>11.2). <span class=\"_ _2\"></span>Considerando <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>grado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>consecuci\u00f3n<span class=\"_ _3\"></span> de los objetivos<span class=\"_ _3\"></span> de los ciclos I,<span class=\"_ _3\"></span> II y III d<span class=\"_ _3\"></span>el plan del 10<span class=\"_ _3\"></span>0%, percib<span class=\"_ _3\"></span>ir\u00eda 947 miles de a<span class=\"_ _3\"></span>cciones de EN<span class=\"_ _3\"></span>CE y 77 mil<span class=\"_ _3\"></span>es \u20ac <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span><span class=\"ff3\">efectivo <span class=\"_ _10\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _10\"></span>a\u00f1o <span class=\"_ _0\"></span>2026 <span class=\"_ _0\"></span>correspond<span class=\"_ _3\"></span>iente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ciclo <span class=\"_ _0\"></span>I, <span class=\"_ _10\"></span>365 <span class=\"_ _0\"></span>miles <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>accion<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ENCE <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span><span class=\"ls10\">28</span> <span class=\"_ _0\"></span></span>miles <span class=\"_ _10\"></span>\u20ac <span class=\"_ _f\"></span>en efectivo en el a\u00f1o 20<span class=\"_ _3\"></span>27 correspond<span class=\"_ _3\"></span>iente al ciclo II y 352 mil<span class=\"_ _3\"></span>es de acciones <span class=\"_ _3\"></span><span class=\"ff6\">de E<span class=\"_ _3\"></span>NCE y 28 <span class=\"_ _3\"></span>miles \u20ac en efectiv<span class=\"_ _3\"></span>o </span>en el a\u00f1o 2028 corres<span class=\"_ _3\"></span>pondientes al ciclo III<span class=\"_ _3\"></span>. Por su parte, la <span class=\"_ _2\"></span>Alta Direcci\u00f3n encuadrada en el <span class=\"_ _2\"></span>Negocio Renovables es beneficiaria del Plan de Incentivos a largo  plazo  Grupo  Magnon  para  el <span class=\"_ _13\"> </span>periodo  2021-2025  (v\u00e9ase  Nota  11<span class=\"ls13\">.2</span>).  Consid<span class=\"_ _3\"></span>erando  un  grado<span class=\"_ _2\"></span>  de consecuci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>objetiv<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>plan <span class=\"_ _f\"></span>del 100%, <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ercibir\u00eda <span class=\"_ _3\"></span>650 <span class=\"_ _3\"></span>mil<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>\u20ac, <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el a\u00f1o <span class=\"_ _f\"></span>2026. I<span class=\"_ _3\"></span>gualmente, <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Alta Direcci\u00f3n  es <span class=\"_ _13\"> </span>beneficiaria  de <span class=\"_ _13\"> </span>un  incentivo <span class=\"_ _13\"> </span>extraordinario <span class=\"_ _13\"> </span>vinculado  al  valor<span class=\"_ _2\"></span>  del <span class=\"_ _13\"> </span>negocio  que <span class=\"_ _13\"> </span>desarrolla Magnon Green Energy, S.L. y sus filiales en 2028<span class=\"_ _2\"></span>. En caso de alcanzar el 100% del <span class=\"_ _2\"></span>objetivo prev<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>to en dicho incentivo, se percibir\u00edan<span class=\"_ _3\"></span> 2.450 miles \u20ac<span class=\"ff3\"> en el a<span class=\"_ _3\"></span>\u00f1o 2029.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "12.<span class=\"ff5 ls0_1\"> <span class=\"_ _43\"> </span><span class=\"ff2\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este ep\u00edgrafe <span class=\"_ _2\"></span>del Estado <span class=\"_ _2\"></span>de Resultado consolidado <span class=\"_ _2\"></span>de los <span class=\"_ _2\"></span>ejercicios 2025 y <span class=\"_ _2\"></span>2024 en <span class=\"_ _2\"></span>los distintos negocios desarrollad<span class=\"_ _3\"></span>os por ENCE es el s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _65\"> </span>31/<span class=\"lsd\">12</span>/2025 31/<span class=\"lsd\">12</span>/2024 Miles de euros Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Negocio<span class=\"_ _65\"> </span>Grupo<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Celulosa<span class=\"_ _65\"> </span>Renovables<span class=\"_ _65\"> </span>Consolidado<span class=\"_ _65\"> </span>Servicios exteriores   <span class=\"ls0_1\">124.270    </span>  <span class=\"ls0_1\">77.550    </span>  <span class=\"ls0_1\">200.450    </span>  <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.113    </span>  <span class=\"ls0_1\">3.534    </span>  <span class=\"ls0_1\">12.647    </span>  <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>Tributos    <span class=\"ls0_1\">5.055    </span>  <span class=\"lsd\">14<span class=\"ls0_1\">.</span>711</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">19.767</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.808    </span>  <span class=\"ls0_1\">12.601    </span>  <span class=\"ls0_1\">17.409    </span>Variaci\u00f3n de las provisiones de tr\u00e1fico y otros   <span class=\"ls0_1\">1.392    </span>  <span class=\"lsd\">496   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.888    </span>  <span class=\"lsd\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>Otros gastos no ordinarios de las operaciones (**)   <span class=\"ls0_1\">2.164    </span>  <span class=\"ls0_1\">4.892    </span>  <span class=\"ls0_1\">7.056    </span>  <span class=\"lsd\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">719<span class=\"_ _65\"> </span></span>141.994   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">101.183   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">241.808   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">212.590   <span class=\"ls0_1\"> </span></span>(*) <span class=\"_ _44\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferen<span class=\"_ _2\"></span>cia <span class=\"_ _f\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _f\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _f\"></span>Consolidad<span class=\"_ _2\"></span>o\u201d <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>202<span class=\"ff3\">5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>los </span></span>negocios <span class=\"_ _3\"></span>\u201cCelulosa\u201d <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>\u201cEnerg\u00eda <span class=\"_ _3\"></span>Renovable\u201d <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>corresp<span class=\"_ _2\"></span>onde <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>eliminaciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>operaciones <span class=\"_ _3\"></span>ef<span class=\"_ _3\"></span>ectuadas <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>dichos<span class=\"_ _3\"></span> negocios en 2025 <span class=\"ls35\">y 202</span>4 por 1.369 <span class=\"ff6\">miles \u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye, principalmente<span class=\"_ _2\"></span>, deterioro <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>existencias e<span class=\"_ _2\"></span>n concepto d<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>valor neto <span class=\"_ _2\"></span>de re<span class=\"_ _2\"></span>alizaci\u00f3n por <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>de 2.164 <span class=\"_ _2\"></span>miles d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> euros en el Negocio Celulosa y de<span class=\"_ _3\"></span>terioro existencias de 1 proyecto fo<span class=\"_ _3\"></span>tovoltaico por importe de 4.892 miles de euros en el Negocio Renovables (V\u00e9ase nota 20). El <span class=\"_ _2\"></span>Real <span class=\"_ _d\"></span>Decr<span class=\"_ _3\"></span>eto <span class=\"_ _d\"></span>8/<span class=\"_ _3\"></span>2023 <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>adop<span class=\"_ _3\"></span>tan <span class=\"_ _2\"></span>medidas <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _2\"></span>afrontar <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>secuencias <span class=\"_ _2\"></span>econ\u00f3micas<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>y sociales<span class=\"_ _2\"></span> derivadas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>conflictos <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>Ucrania <span class=\"_ _10\"> </span>y <span class=\"_ _0\"></span>Ori<span class=\"_ _3\"></span>ente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _3\"></span>mo, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>palia<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ef<span class=\"_ _2\"></span>ectos <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>sequ\u00eda, aprobado el 27 de diciembre, recupera el Imp<span class=\"_ _3\"></span>uesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _3\"></span> desde el 1 de <span class=\"_ _f\"></span>enero <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>forma <span class=\"_ _f\"></span>progresiva, <span class=\"_ _f\"></span>quedan<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>fijado <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>definitivo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>7% <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>parti<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>1 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _f\"></span>de 2024. El coste asociad<span class=\"_ _3\"></span>o a este impuesto s<span class=\"_ _3\"></span>e recoge en el ep\u00edgrafe \u201cTribu<span class=\"_ _3\"></span>tos\u201d.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Servicios exteriores </span></span>El desglose por <span class=\"_ _3\"></span>conceptos del gasto de s<span class=\"_ _3\"></span>ervicios exteriores de los ejercicios 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5 y 2024 es<span class=\"_ _3\"></span> el siguiente: <table class=\"s w34f h19d\" id=\"_b23cbb09-2540-47b1-acc0-b923baa0ba2e\"><tr><td></td><td></td><td class=\"c x3b8 y116d wec haa\"><div class=\"t_1 m0_1 xe8 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3b9 y116d wed haa\"><div class=\"t_1 m0_1 x45 h58 y147 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2024 </div></td><td></td></tr><tr><td class=\"c x34c y116e web h8e\"><div class=\"t_1 m0_1 x10 h20 y6ae ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3ba y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bb y116f w329 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bc y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td><td class=\"c x3bd y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3be y116f w325 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3bf y116f w335 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x3c0 y1170 w32a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c1 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c2 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td><td class=\"c x3c3 y1170 w2de h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3c4 y1170 w2df h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3c5 y1170 w350 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x34c y1171 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Transportes, fletes y costes comerciales </div></td><td class=\"c x3b8 y1171 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">42.991    </span></div></td><td class=\"c x3c6 y1171 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.440    </span></div></td><td class=\"c x3c7 y1171 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">59.431    </span></div></td><td class=\"c x3b9 y1171 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">45.822    </span></div></td><td class=\"c x3c8 y1171 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.590    </span></div></td><td class=\"c x3c9 y1171 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.412    </span></div></td></tr><tr><td class=\"c x34c y1172 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Suministros (**) </div></td><td class=\"c x3b8 y1172 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.043    </span></div></td><td class=\"c x3c6 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.039    </span></div></td><td class=\"c x3c7 y1172 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.892    </span></div></td><td class=\"c x3b9 y1172 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.786    </span></div></td><td class=\"c x3c8 y1172 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.858    </span></div></td><td class=\"c x3c9 y1172 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.454    </span></div></td></tr><tr><td class=\"c x34c y1173 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reparaciones y conservaci\u00f3n </div></td><td class=\"c x3b8 y1173 wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.071    </span></div></td><td class=\"c x3c6 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.342    </span></div></td><td class=\"c x3c7 y1173 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">36.413    </span></div></td><td class=\"c x3b9 y1173 wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.001    </span></div></td><td class=\"c x3c8 y1173 wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">19.534    </span></div></td><td class=\"c x3c9 y1173 wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">34.535    </span></div></td></tr><tr><td class=\"c x34c y1174 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de profesionales independientes </div></td><td class=\"c x3b8 y1174 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.978    </span></div></td><td class=\"c x3c6 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.280    </span></div></td><td class=\"c x3c7 y1174 wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">14.258    </span></div></td><td class=\"c x3b9 y1174 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.378    </span></div></td><td class=\"c x3c8 y1174 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c9 y1174 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.126    </span></div></td></tr><tr><td class=\"c x34c y1175 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Primas de seguros </div></td><td class=\"c x3b8 y1175 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.867    </span></div></td><td class=\"c x3c6 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.126    </span></div></td><td class=\"c x3c7 y1175 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.993    </span></div></td><td class=\"c x3b9 y1175 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.540    </span></div></td><td class=\"c x3c8 y1175 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.278    </span></div></td><td class=\"c x3c9 y1175 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.818    </span></div></td></tr><tr><td class=\"c x34c y1176 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios bancarios y similares </div></td><td class=\"c x3b8 y1176 wb7 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.515    </span></div></td><td class=\"c x3c6 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.010    </span></div></td><td class=\"c x3c7 y1176 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.489    </span></div></td><td class=\"c x3b9 y1176 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></td><td class=\"c x3c8 y1176 wee h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.179    </span></div></td><td class=\"c x3c9 y1176 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.922    </span></div></td></tr><tr><td class=\"c x34c y1177 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos y c\u00e1nones (Nota 17) </div></td><td class=\"c x3b8 y1177 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">824   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">515   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1177 wef h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.339    </span></div></td><td class=\"c x3b9 y1177 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">542   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1177 wee h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">292   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1177 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">834   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y1178 web h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Publicidad, propaganda y relaciones p\u00fablicas  </div></td><td class=\"c x3b8 y1178 wb7 h5c\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.807    </span></div></td><td class=\"c x3c6 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">154   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y1178 wef h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.961    </span></div></td><td class=\"c x3b9 y1178 wf0 h5c\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.741    </span></div></td><td class=\"c x3c8 y1178 wee h5c\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y1178 wba h5c\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.919    </span></div></td></tr><tr><td class=\"c x34c y1179 web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de investigaci\u00f3n y desarrollo </div></td><td class=\"c x3b8 y1179 wb7 h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y1179 wee h24\"><div class=\"t_1 m0_1 x82 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c7 y1179 wef h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">245   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y1179 wf0 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y1179 wee h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3c9 y1179 wba h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">100   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x34c y117a web h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3b8 y117a wb7 h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.929    </span></div></td><td class=\"c x3c6 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">25.644    </span></div></td><td class=\"c x3c7 y117a wef h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">52.429    </span></div></td><td class=\"c x3b9 y117a wf0 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.204    </span></div></td><td class=\"c x3c8 y117a wee h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.242    </span></div></td><td class=\"c x3c9 y117a wba h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.359    </span></div></td></tr><tr><td></td><td class=\"c x3b8 y117b wb7 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">124.270   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c6 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">77.550   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c7 y117b wef h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">200.450   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3b9 y117b wf0 h24\"><div class=\"t_1 m0_1 x31 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">118.862   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c8 y117b wee h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">61.900   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3c9 y117b wba h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">179.479   <span class=\"ls0_1\"> </span></span></div></td></tr></table>(*) <span class=\"_ _19\"> </span><span class=\"ff6\">La <span class=\"_ _f\"></span>diferencia <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>informaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>\u201cGrupo <span class=\"_ _3\"></span>Consolidado\u201d <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span><span class=\"ff3\">5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>agreg<span class=\"_ _2\"></span>aci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>los </span></span>N<span class=\"ff6\">egocios \u201cCelulosa\u201d <span class=\"_ _3\"></span>y \u201c<span class=\"_ _3\"></span>Energ\u00eda R<span class=\"_ _3\"></span>enovable\u201d se <span class=\"_ _3\"></span>corresponde co<span class=\"_ _3\"></span>n eliminaciones <span class=\"_ _3\"></span>de o<span class=\"_ _3\"></span>peraciones efectuadas <span class=\"_ _3\"></span>entre d<span class=\"_ _3\"></span>ichos </span>Negocios en 20<span class=\"lsd\">25</span> <span class=\"ls35\">y 202</span>4 por 1.3<span class=\"lsd\">69</span> miles <span class=\"ff6 lsd\">\u20ac </span><span class=\"ls35\">y 1.2<span class=\"lsd\">83</span></span> <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _2\"></span>Incluye <span class=\"_ _d\"></span>principalmente l<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>compra <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>importe de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>19.731 <span class=\"ff6\">mil<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>\u20ac<span class=\"ff3\"> <span class=\"_ _2\"></span>(15.788 <span class=\"_ _2\"></span>N <span class=\"_ _2\"></span>Celulosa <span class=\"_ _d\"></span>y 3.853 <span class=\"_ _d\"></span>Negocio </span></span>Renovables) (17.587 en 2024. 14.313 N Celulosa y 3.274 Negocio Renovables).<span class=\"_ _65\"> </span>ENCE <span class=\"_ _2\"></span>tiene <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>un <span class=\"_ _d\"></span>seguro de <span class=\"_ _d\"></span>responsabilidad <span class=\"_ _2\"></span>civil <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>cubre <span class=\"_ _2\"></span>a <span class=\"_ _d\"></span>to<span class=\"_ _3\"></span>dos <span class=\"_ _2\"></span>sus <span class=\"_ _d\"></span>administradores y <span class=\"_ _d\"></span>directivos por <span class=\"_ _3\"></span>da\u00f1os <span class=\"_ _f\"></span>ocasionados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>actos <span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>omisiones <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>cargo. <span class=\"_ _3\"></span>Su <span class=\"_ _f\"></span>coste <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>sido de <span class=\"ls10\">74 </span><span class=\"ff6\">miles \u20ac y<span class=\"_ _3\"></span></span> <span class=\"ls10\">82</span> miles <span class=\"ff6\">\u20ac</span>, resp<span class=\"_ _3\"></span>ectivamente<span class=\"ls13\">.<span class=\"_ _65\"> </span></span><span class=\"ls13\"> </span> 12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Honorarios de auditor\u00eda </span></span>La firm<span class=\"_ _2\"></span>a que ha <span class=\"_ _2\"></span>auditado las cuentas de <span class=\"_ _2\"></span>las sociedades que <span class=\"_ _2\"></span>conforman el Grupo <span class=\"_ _2\"></span>ENCE en 2025 y 2024 ha <span class=\"_ _2\"></span>sido KPMG Auditores, S.L. <span class=\"_ _3\"></span>(v\u00e9ase Anexo I).<span class=\"_ _3\"></span> Durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>honorarios <span class=\"_ _f\"></span>relativos a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>servicios <span class=\"_ _f\"></span>de au<span class=\"_ _3\"></span>ditor\u00eda <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>otros servicios prestad<span class=\"_ _3\"></span>os por el auditor o por empresas<span class=\"_ _3\"></span> vinculadas al au<span class=\"_ _3\"></span>ditor han sido los siguientes:<span class=\"_ _f\"></span><span class=\"ff4 fs4\"> </span> <table class=\"s w351 h19e\" id=\"_c22a1dba-e8e4-4eba-91ce-7813d8f8d41d\"><tr><td class=\"c x227 y117c wf2 had\"><div class=\"t_1 m0_1 x10 h58 y45 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x3ca y117c wa9 had\"><div class=\"t_1 m0_1 xe h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117c wf3 had\"><div class=\"t_1 m0_1 x31 h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117d wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de auditor\u00eda </div></td><td class=\"c x3ca y117d wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">236<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117d wf3 haf\"><div class=\"t_1 m0_1 x50 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">220<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117e wf2 hb0\"><div class=\"t_1 m0_1 x10 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios relacionados con la auditor\u00eda </div></td><td class=\"c x3ca y117e wa9 hb0\"><div class=\"t_1 m0_1 x19 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117e wf3 hb0\"><div class=\"t_1 m0_1 x86 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117f wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3ca y117f wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">118<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117f wf3 haf\"><div class=\"t_1 m0_1 x86 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td></tr></table>Los servicios prestados por el <span class=\"_ _2\"></span>auditor en 2025, relacionados con los servicios de a<span class=\"_ _2\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _15\"> </span>revisi\u00f3n <span class=\"_ _15\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _19\"> </span>ra<span class=\"_ _3\"></span>tios <span class=\"_ _15\"> </span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>atender <span class=\"_ _15\"> </span>a <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>obligacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>recogidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _15\"> </span>de financiaci\u00f3n, <span class=\"_ _3\"></span>servicios d<span class=\"_ _3\"></span>e verificaci\u00f3n d<span class=\"_ _3\"></span>el sistema <span class=\"_ _3\"></span>de control <span class=\"_ _3\"></span>interno <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>informaci\u00f3n financiera <span class=\"_ _3\"></span>y s<span class=\"_ _3\"></span>ervicios de <span class=\"_ _1b\"> </span>revisi\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinadas <span class=\"_ _1b\"> </span>magnitu<span class=\"_ _3\"></span>des <span class=\"_ _1b\"> </span>finan<span class=\"_ _3\"></span>cieras <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _1b\"> </span>acreditar <span class=\"_ _1b\"> </span>la <span class=\"_ _1b\"> </span>condici\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>consumidor electrointensivo <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pago <span class=\"_ _3\"></span>legal <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>arias <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo. <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>el apartado \u201cOt<span class=\"_ _3\"></span>ros servicios\u201d incluye principalmente serv<span class=\"_ _3\"></span>icios de verificaci\u00f3n <span class=\"_ _3\"></span><span class=\"ff3\">d<span class=\"_ _3\"></span>el Informe de<span class=\"_ _3\"></span> Sostenibilidad<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Honorarios de auditor\u00eda </span></span>La firm<span class=\"_ _2\"></span>a que ha <span class=\"_ _2\"></span>auditado las cuentas de <span class=\"_ _2\"></span>las sociedades que <span class=\"_ _2\"></span>conforman el Grupo <span class=\"_ _2\"></span>ENCE en 2025 y 2024 ha <span class=\"_ _2\"></span>sido KPMG Auditores, S.L. <span class=\"_ _3\"></span>(v\u00e9ase Anexo I).<span class=\"_ _3\"></span> Durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>2024, <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>honorarios <span class=\"_ _f\"></span>relativos a <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>servicios <span class=\"_ _f\"></span>de au<span class=\"_ _3\"></span>ditor\u00eda <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>otros servicios prestad<span class=\"_ _3\"></span>os por el auditor o por empresas<span class=\"_ _3\"></span> vinculadas al au<span class=\"_ _3\"></span>ditor han sido los siguientes:<span class=\"_ _f\"></span><span class=\"ff4 fs4\"> </span> <table class=\"s w351 h19e\" id=\"_c22a1dba-e8e4-4eba-91ce-7813d8f8d41d\"><tr><td class=\"c x227 y117c wf2 had\"><div class=\"t_1 m0_1 x10 h58 y45 ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x3ca y117c wa9 had\"><div class=\"t_1 m0_1 xe h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117c wf3 had\"><div class=\"t_1 m0_1 x31 h58 y45 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117d wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de auditor\u00eda </div></td><td class=\"c x3ca y117d wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">236<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117d wf3 haf\"><div class=\"t_1 m0_1 x50 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">220<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117e wf2 hb0\"><div class=\"t_1 m0_1 x10 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios relacionados con la auditor\u00eda </div></td><td class=\"c x3ca y117e wa9 hb0\"><div class=\"t_1 m0_1 x19 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117e wf3 hb0\"><div class=\"t_1 m0_1 x86 h20 y6b2 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">47<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x227 y117f wf2 haf\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></td><td class=\"c x3ca y117f wa9 haf\"><div class=\"t_1 m0_1 x1_1 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">118<span class=\"ls0_1\"> </span></div></td><td class=\"c x3cb y117f wf3 haf\"><div class=\"t_1 m0_1 x86 h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">75<span class=\"ls0_1\"> </span></div></td></tr></table>Los servicios prestados por el <span class=\"_ _2\"></span>auditor en 2025, relacionados con los servicios de a<span class=\"_ _2\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _15\"> </span>revisi\u00f3n <span class=\"_ _15\"> </span>so<span class=\"_ _3\"></span>bre <span class=\"_ _19\"> </span>ra<span class=\"_ _3\"></span>tios <span class=\"_ _15\"> </span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>atender <span class=\"_ _15\"> </span>a <span class=\"_ _17\"> </span>las <span class=\"_ _15\"> </span>obligacion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>recogidas <span class=\"_ _17\"> </span>en <span class=\"_ _15\"> </span>los <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _15\"> </span>de financiaci\u00f3n, <span class=\"_ _3\"></span>servicios d<span class=\"_ _3\"></span>e verificaci\u00f3n d<span class=\"_ _3\"></span>el sistema <span class=\"_ _3\"></span>de control <span class=\"_ _3\"></span>interno <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>informaci\u00f3n financiera <span class=\"_ _3\"></span>y s<span class=\"_ _3\"></span>ervicios de <span class=\"_ _1b\"> </span>revisi\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinadas <span class=\"_ _1b\"> </span>magnitu<span class=\"_ _3\"></span>des <span class=\"_ _1b\"> </span>finan<span class=\"_ _3\"></span>cieras <span class=\"_ _18\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _1b\"> </span>acreditar <span class=\"_ _1b\"> </span>la <span class=\"_ _1b\"> </span>condici\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>consumidor electrointensivo <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed como <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pago <span class=\"_ _3\"></span>legal <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>arias <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo. <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>el apartado \u201cOt<span class=\"_ _3\"></span>ros servicios\u201d incluye principalmente serv<span class=\"_ _3\"></span>icios de verificaci\u00f3n <span class=\"_ _3\"></span><span class=\"ff3\">d<span class=\"_ _3\"></span>el Informe de<span class=\"_ _3\"></span> Sostenibilidad<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Gastos e ingresos financieros </span></span>El <span class=\"_ _f\"></span>detalle <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _0\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _f\"></span>Consolidado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _f\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>como sigue:<table class=\"s w352 h19f\" id=\"_baa655d5-36f8-479d-be34-13a9dd261481\"><tr><td></td><td></td><td class=\"c x3cd y1180 wf6 h24\"><div class=\"t_1 m0_1 xb6 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3ce y1180 wf8 h24\"><div class=\"t_1 m0_1 x99 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x3cf y1181 wf5 hb2\"><div class=\"t_1 m0_1 x10 h20 yb7 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3d0 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d1 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3d2 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d3 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3d4 y1183 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d5 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d6 y1181 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x3d2 y1183 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d7 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d8 y1181 wfc h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1184 w353 h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones / Notas</div></td><td class=\"c x3cd y1185 wf9 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y1185 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1185 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y1185 w4b h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3da y1185 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.399)    </span></div></td><td class=\"c x3d8 y1185 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.399)    </span></div></td></tr><tr><td class=\"c x3cf y1186 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros </div></td><td class=\"c x3cd y1186 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(17.799)    </span></div></td><td class=\"c x3d9 y1186 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(9.414)    </span></div></td><td class=\"c x3d6 y1186 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.213)    </span></div></td><td class=\"c x3ce y1186 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(22.741)    </span></div></td><td class=\"c x3da y1186 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(6.926)    </span></div></td><td class=\"c x3d8 y1186 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(29.667)    </span></div></td></tr><tr><td class=\"c x3cf y1187 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera Vajdm (Nota 29) </div></td><td class=\"c x3cd y1187 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.699)    </span></div></td><td class=\"c x3d9 y1187 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.939)    </span></div></td><td class=\"c x3d6 y1187 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(5.638)    </span></div></td><td class=\"c x3ce y1187 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.053)    </span></div></td><td class=\"c x3da y1187 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.001)    </span></div></td><td class=\"c x3d8 y1187 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.054)    </span></div></td></tr><tr><td class=\"c x3cf y1188 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera de provisiones </div></td><td class=\"c x3cd y1188 wf9 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3d9 y1188 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1188 wfb h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3ce y1188 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td><td class=\"c x3da y1188 w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d8 y1188 wfc h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td></tr><tr><td class=\"c x3cf y1189 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones y otros gastos </div></td><td class=\"c x3cd y1189 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.989)    </span></div></td><td class=\"c x3d9 y1189 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.682)    </span></div></td><td class=\"c x3d6 y1189 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.671)    </span></div></td><td class=\"c x3ce y1189 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(985)    </span></div></td><td class=\"c x3da y1189 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.544)    </span></div></td><td class=\"c x3d8 y1189 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.529)    </span></div></td></tr><tr><td class=\"c x3cf y118a wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero intra-negocio </div></td><td class=\"c x3cd y118a wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.504    </span></div></td><td class=\"c x3d9 y118a wfa h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.504)    </div></td><td class=\"c x3d6 y118a wfb h24\"><div class=\"t_1 m0_1 x99 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x3ce y118a w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.660    </span></div></td><td class=\"c x3da y118a w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.660)    </span></div></td><td class=\"c x3d8 y118a wfc h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3cf y118b wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso sobre activos (Nota 17) </div></td><td class=\"c x3cd y118b wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.633)    </span></div></td><td class=\"c x3d9 y118b wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(198)    </span></div></td><td class=\"c x3d6 y118b wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.831)    </span></div></td><td class=\"c x3ce y118b w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.289)    </span></div></td><td class=\"c x3da y118b w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(141)    </span></div></td><td class=\"c x3d8 y118b wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.433)    </span></div></td></tr><tr><td></td><td class=\"c x3cd y118c wf9 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(24.445)    </span></div></td><td class=\"c x3d9 y118c wfa h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(18.737)    </span></div></td><td class=\"c x3d6 y118c wfb h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(43.182)    </span></div></td><td class=\"c x3ce y118c w4b h5c\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.377)    </span></div></td><td class=\"c x3da y118c w71 h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(19.671)    </span></div></td><td class=\"c x3d8 y118c wfc h5c\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(47.051)    </span></div></td></tr><tr><td class=\"c x1ca y118d w354 h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 27)</div></td><td class=\"c x3cd y118e wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118e wfa h24\"><div class=\"t_1 m0_1 x22 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11<span class=\"ls0_1\">2</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118e wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.679</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118e w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.441    </span></div></td><td class=\"c x3da y118e w71 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">115   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3d8 y118e wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.556    </span></div></td></tr><tr><td class=\"c x3cf y118f wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos financieros </div></td><td class=\"c x3cd y118f wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.1<span class=\"lsd\">89</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118f wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.531</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118f wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.720</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118f w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.507    </span></div></td><td class=\"c x3da y118f w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.153    </span></div></td><td class=\"c x3d8 y118f wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.660    </span></div></td></tr><tr><td class=\"c x3cf y1190 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura- </div></td><td class=\"c x3cd y1191 wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.756    </span></div></td><td class=\"c x3d9 y1191 wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.643    </span></div></td><td class=\"c x3d6 y1191 wfb h24\"><div class=\"t_1 m0_1 x1e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.399    </span></div></td><td class=\"c x3ce y1191 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.948    </span></div></td><td class=\"c x3da y1191 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.268    </span></div></td><td class=\"c x3d8 y1191 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.216    </span></div></td></tr><tr><td class=\"c x3cf y1192 wf5 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span></div></td><td class=\"c x3cd y1192 wf9 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1192 wfa h25\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1192 wfb h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1192 w4b h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1192 w71 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1192 wfc h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1193 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1193 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1193 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1193 w4b h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1193 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1193 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1194 wf9 h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">16.785</span>)    </span></div></td><td class=\"c x3d9 y1194 wfa h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(16.590)    </span></div></td><td class=\"c x3d6 y1194 wfb h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">33.375</span>)    </span></div></td><td class=\"c x3ce y1194 w4b h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(18.592)    </span></div></td><td class=\"c x3da y1194 w71 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(13.827)    </span></div></td><td class=\"c x3d8 y1194 wfc h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(32.419)    </span></div></td></tr></table>La cuenta <span class=\"_ _3\"></span>\u201cOtros <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>financieros\u201d<span class=\"_ _3\"></span> recoge <span class=\"_ _3\"></span>principalmen<span class=\"_ _3\"></span>te la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los exc<span class=\"_ _3\"></span>edentes de<span class=\"_ _3\"></span> tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Gastos e ingresos financieros </span></span>El <span class=\"_ _f\"></span>detalle <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _0\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _f\"></span>Consolidado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _f\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>como sigue:<table class=\"s w352 h19f\" id=\"_baa655d5-36f8-479d-be34-13a9dd261481\"><tr><td></td><td></td><td class=\"c x3cd y1180 wf6 h24\"><div class=\"t_1 m0_1 xb6 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3ce y1180 wf8 h24\"><div class=\"t_1 m0_1 x99 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x3cf y1181 wf5 hb2\"><div class=\"t_1 m0_1 x10 h20 yb7 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3d0 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d1 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3d2 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d3 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3d4 y1183 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d5 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d6 y1181 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x3d2 y1183 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d7 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d8 y1181 wfc h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1184 w353 h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones / Notas</div></td><td class=\"c x3cd y1185 wf9 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y1185 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1185 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y1185 w4b h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3da y1185 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.399)    </span></div></td><td class=\"c x3d8 y1185 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.399)    </span></div></td></tr><tr><td class=\"c x3cf y1186 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros </div></td><td class=\"c x3cd y1186 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(17.799)    </span></div></td><td class=\"c x3d9 y1186 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(9.414)    </span></div></td><td class=\"c x3d6 y1186 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.213)    </span></div></td><td class=\"c x3ce y1186 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(22.741)    </span></div></td><td class=\"c x3da y1186 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(6.926)    </span></div></td><td class=\"c x3d8 y1186 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(29.667)    </span></div></td></tr><tr><td class=\"c x3cf y1187 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera Vajdm (Nota 29) </div></td><td class=\"c x3cd y1187 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.699)    </span></div></td><td class=\"c x3d9 y1187 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.939)    </span></div></td><td class=\"c x3d6 y1187 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(5.638)    </span></div></td><td class=\"c x3ce y1187 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.053)    </span></div></td><td class=\"c x3da y1187 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.001)    </span></div></td><td class=\"c x3d8 y1187 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.054)    </span></div></td></tr><tr><td class=\"c x3cf y1188 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera de provisiones </div></td><td class=\"c x3cd y1188 wf9 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3d9 y1188 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1188 wfb h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3ce y1188 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td><td class=\"c x3da y1188 w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d8 y1188 wfc h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td></tr><tr><td class=\"c x3cf y1189 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones y otros gastos </div></td><td class=\"c x3cd y1189 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.989)    </span></div></td><td class=\"c x3d9 y1189 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.682)    </span></div></td><td class=\"c x3d6 y1189 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.671)    </span></div></td><td class=\"c x3ce y1189 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(985)    </span></div></td><td class=\"c x3da y1189 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.544)    </span></div></td><td class=\"c x3d8 y1189 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.529)    </span></div></td></tr><tr><td class=\"c x3cf y118a wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero intra-negocio </div></td><td class=\"c x3cd y118a wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.504    </span></div></td><td class=\"c x3d9 y118a wfa h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.504)    </div></td><td class=\"c x3d6 y118a wfb h24\"><div class=\"t_1 m0_1 x99 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x3ce y118a w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.660    </span></div></td><td class=\"c x3da y118a w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.660)    </span></div></td><td class=\"c x3d8 y118a wfc h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3cf y118b wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso sobre activos (Nota 17) </div></td><td class=\"c x3cd y118b wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.633)    </span></div></td><td class=\"c x3d9 y118b wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(198)    </span></div></td><td class=\"c x3d6 y118b wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.831)    </span></div></td><td class=\"c x3ce y118b w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.289)    </span></div></td><td class=\"c x3da y118b w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(141)    </span></div></td><td class=\"c x3d8 y118b wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.433)    </span></div></td></tr><tr><td></td><td class=\"c x3cd y118c wf9 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(24.445)    </span></div></td><td class=\"c x3d9 y118c wfa h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(18.737)    </span></div></td><td class=\"c x3d6 y118c wfb h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(43.182)    </span></div></td><td class=\"c x3ce y118c w4b h5c\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.377)    </span></div></td><td class=\"c x3da y118c w71 h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(19.671)    </span></div></td><td class=\"c x3d8 y118c wfc h5c\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(47.051)    </span></div></td></tr><tr><td class=\"c x1ca y118d w354 h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 27)</div></td><td class=\"c x3cd y118e wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118e wfa h24\"><div class=\"t_1 m0_1 x22 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11<span class=\"ls0_1\">2</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118e wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.679</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118e w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.441    </span></div></td><td class=\"c x3da y118e w71 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">115   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3d8 y118e wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.556    </span></div></td></tr><tr><td class=\"c x3cf y118f wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos financieros </div></td><td class=\"c x3cd y118f wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.1<span class=\"lsd\">89</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118f wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.531</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118f wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.720</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118f w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.507    </span></div></td><td class=\"c x3da y118f w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.153    </span></div></td><td class=\"c x3d8 y118f wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.660    </span></div></td></tr><tr><td class=\"c x3cf y1190 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura- </div></td><td class=\"c x3cd y1191 wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.756    </span></div></td><td class=\"c x3d9 y1191 wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.643    </span></div></td><td class=\"c x3d6 y1191 wfb h24\"><div class=\"t_1 m0_1 x1e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.399    </span></div></td><td class=\"c x3ce y1191 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.948    </span></div></td><td class=\"c x3da y1191 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.268    </span></div></td><td class=\"c x3d8 y1191 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.216    </span></div></td></tr><tr><td class=\"c x3cf y1192 wf5 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span></div></td><td class=\"c x3cd y1192 wf9 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1192 wfa h25\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1192 wfb h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1192 w4b h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1192 w71 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1192 wfc h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1193 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1193 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1193 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1193 w4b h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1193 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1193 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1194 wf9 h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">16.785</span>)    </span></div></td><td class=\"c x3d9 y1194 wfa h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(16.590)    </span></div></td><td class=\"c x3d6 y1194 wfb h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">33.375</span>)    </span></div></td><td class=\"c x3ce y1194 w4b h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(18.592)    </span></div></td><td class=\"c x3da y1194 w71 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(13.827)    </span></div></td><td class=\"c x3d8 y1194 wfc h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(32.419)    </span></div></td></tr></table>La cuenta <span class=\"_ _3\"></span>\u201cOtros <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>financieros\u201d<span class=\"_ _3\"></span> recoge <span class=\"_ _3\"></span>principalmen<span class=\"_ _3\"></span>te la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los exc<span class=\"_ _3\"></span>edentes de<span class=\"_ _3\"></span> tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Gastos e ingresos financieros </span></span>El <span class=\"_ _f\"></span>detalle <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _0\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _f\"></span>Consolidado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _f\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>como sigue:<table class=\"s w352 h19f\" id=\"_baa655d5-36f8-479d-be34-13a9dd261481\"><tr><td></td><td></td><td class=\"c x3cd y1180 wf6 h24\"><div class=\"t_1 m0_1 xb6 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3ce y1180 wf8 h24\"><div class=\"t_1 m0_1 x99 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x3cf y1181 wf5 hb2\"><div class=\"t_1 m0_1 x10 h20 yb7 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3d0 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d1 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3d2 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d3 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3d4 y1183 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d5 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d6 y1181 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x3d2 y1183 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d7 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d8 y1181 wfc h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1184 w353 h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones / Notas</div></td><td class=\"c x3cd y1185 wf9 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y1185 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1185 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y1185 w4b h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3da y1185 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.399)    </span></div></td><td class=\"c x3d8 y1185 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.399)    </span></div></td></tr><tr><td class=\"c x3cf y1186 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros </div></td><td class=\"c x3cd y1186 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(17.799)    </span></div></td><td class=\"c x3d9 y1186 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(9.414)    </span></div></td><td class=\"c x3d6 y1186 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.213)    </span></div></td><td class=\"c x3ce y1186 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(22.741)    </span></div></td><td class=\"c x3da y1186 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(6.926)    </span></div></td><td class=\"c x3d8 y1186 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(29.667)    </span></div></td></tr><tr><td class=\"c x3cf y1187 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera Vajdm (Nota 29) </div></td><td class=\"c x3cd y1187 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.699)    </span></div></td><td class=\"c x3d9 y1187 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.939)    </span></div></td><td class=\"c x3d6 y1187 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(5.638)    </span></div></td><td class=\"c x3ce y1187 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.053)    </span></div></td><td class=\"c x3da y1187 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.001)    </span></div></td><td class=\"c x3d8 y1187 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.054)    </span></div></td></tr><tr><td class=\"c x3cf y1188 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera de provisiones </div></td><td class=\"c x3cd y1188 wf9 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3d9 y1188 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1188 wfb h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3ce y1188 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td><td class=\"c x3da y1188 w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d8 y1188 wfc h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td></tr><tr><td class=\"c x3cf y1189 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones y otros gastos </div></td><td class=\"c x3cd y1189 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.989)    </span></div></td><td class=\"c x3d9 y1189 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.682)    </span></div></td><td class=\"c x3d6 y1189 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.671)    </span></div></td><td class=\"c x3ce y1189 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(985)    </span></div></td><td class=\"c x3da y1189 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.544)    </span></div></td><td class=\"c x3d8 y1189 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.529)    </span></div></td></tr><tr><td class=\"c x3cf y118a wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero intra-negocio </div></td><td class=\"c x3cd y118a wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.504    </span></div></td><td class=\"c x3d9 y118a wfa h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.504)    </div></td><td class=\"c x3d6 y118a wfb h24\"><div class=\"t_1 m0_1 x99 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x3ce y118a w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.660    </span></div></td><td class=\"c x3da y118a w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.660)    </span></div></td><td class=\"c x3d8 y118a wfc h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3cf y118b wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso sobre activos (Nota 17) </div></td><td class=\"c x3cd y118b wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.633)    </span></div></td><td class=\"c x3d9 y118b wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(198)    </span></div></td><td class=\"c x3d6 y118b wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.831)    </span></div></td><td class=\"c x3ce y118b w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.289)    </span></div></td><td class=\"c x3da y118b w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(141)    </span></div></td><td class=\"c x3d8 y118b wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.433)    </span></div></td></tr><tr><td></td><td class=\"c x3cd y118c wf9 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(24.445)    </span></div></td><td class=\"c x3d9 y118c wfa h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(18.737)    </span></div></td><td class=\"c x3d6 y118c wfb h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(43.182)    </span></div></td><td class=\"c x3ce y118c w4b h5c\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.377)    </span></div></td><td class=\"c x3da y118c w71 h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(19.671)    </span></div></td><td class=\"c x3d8 y118c wfc h5c\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(47.051)    </span></div></td></tr><tr><td class=\"c x1ca y118d w354 h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 27)</div></td><td class=\"c x3cd y118e wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118e wfa h24\"><div class=\"t_1 m0_1 x22 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11<span class=\"ls0_1\">2</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118e wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.679</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118e w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.441    </span></div></td><td class=\"c x3da y118e w71 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">115   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3d8 y118e wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.556    </span></div></td></tr><tr><td class=\"c x3cf y118f wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos financieros </div></td><td class=\"c x3cd y118f wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.1<span class=\"lsd\">89</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118f wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.531</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118f wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.720</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118f w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.507    </span></div></td><td class=\"c x3da y118f w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.153    </span></div></td><td class=\"c x3d8 y118f wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.660    </span></div></td></tr><tr><td class=\"c x3cf y1190 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura- </div></td><td class=\"c x3cd y1191 wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.756    </span></div></td><td class=\"c x3d9 y1191 wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.643    </span></div></td><td class=\"c x3d6 y1191 wfb h24\"><div class=\"t_1 m0_1 x1e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.399    </span></div></td><td class=\"c x3ce y1191 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.948    </span></div></td><td class=\"c x3da y1191 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.268    </span></div></td><td class=\"c x3d8 y1191 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.216    </span></div></td></tr><tr><td class=\"c x3cf y1192 wf5 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span></div></td><td class=\"c x3cd y1192 wf9 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1192 wfa h25\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1192 wfb h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1192 w4b h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1192 w71 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1192 wfc h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1193 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1193 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1193 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1193 w4b h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1193 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1193 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1194 wf9 h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">16.785</span>)    </span></div></td><td class=\"c x3d9 y1194 wfa h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(16.590)    </span></div></td><td class=\"c x3d6 y1194 wfb h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">33.375</span>)    </span></div></td><td class=\"c x3ce y1194 w4b h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(18.592)    </span></div></td><td class=\"c x3da y1194 w71 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(13.827)    </span></div></td><td class=\"c x3d8 y1194 wfc h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(32.419)    </span></div></td></tr></table>La cuenta <span class=\"_ _3\"></span>\u201cOtros <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>financieros\u201d<span class=\"_ _3\"></span> recoge <span class=\"_ _3\"></span>principalmen<span class=\"_ _3\"></span>te la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los exc<span class=\"_ _3\"></span>edentes de<span class=\"_ _3\"></span> tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Gastos e ingresos financieros </span></span>El <span class=\"_ _f\"></span>detalle <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _0\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _f\"></span>Consolidado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _f\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>como sigue:<table class=\"s w352 h19f\" id=\"_baa655d5-36f8-479d-be34-13a9dd261481\"><tr><td></td><td></td><td class=\"c x3cd y1180 wf6 h24\"><div class=\"t_1 m0_1 xb6 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3ce y1180 wf8 h24\"><div class=\"t_1 m0_1 x99 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x3cf y1181 wf5 hb2\"><div class=\"t_1 m0_1 x10 h20 yb7 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3d0 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d1 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3d2 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d3 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3d4 y1183 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d5 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d6 y1181 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x3d2 y1183 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d7 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d8 y1181 wfc h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1184 w353 h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones / Notas</div></td><td class=\"c x3cd y1185 wf9 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y1185 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1185 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y1185 w4b h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3da y1185 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.399)    </span></div></td><td class=\"c x3d8 y1185 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.399)    </span></div></td></tr><tr><td class=\"c x3cf y1186 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros </div></td><td class=\"c x3cd y1186 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(17.799)    </span></div></td><td class=\"c x3d9 y1186 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(9.414)    </span></div></td><td class=\"c x3d6 y1186 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.213)    </span></div></td><td class=\"c x3ce y1186 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(22.741)    </span></div></td><td class=\"c x3da y1186 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(6.926)    </span></div></td><td class=\"c x3d8 y1186 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(29.667)    </span></div></td></tr><tr><td class=\"c x3cf y1187 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera Vajdm (Nota 29) </div></td><td class=\"c x3cd y1187 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.699)    </span></div></td><td class=\"c x3d9 y1187 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.939)    </span></div></td><td class=\"c x3d6 y1187 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(5.638)    </span></div></td><td class=\"c x3ce y1187 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.053)    </span></div></td><td class=\"c x3da y1187 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.001)    </span></div></td><td class=\"c x3d8 y1187 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.054)    </span></div></td></tr><tr><td class=\"c x3cf y1188 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera de provisiones </div></td><td class=\"c x3cd y1188 wf9 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3d9 y1188 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1188 wfb h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3ce y1188 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td><td class=\"c x3da y1188 w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d8 y1188 wfc h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td></tr><tr><td class=\"c x3cf y1189 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones y otros gastos </div></td><td class=\"c x3cd y1189 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.989)    </span></div></td><td class=\"c x3d9 y1189 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.682)    </span></div></td><td class=\"c x3d6 y1189 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.671)    </span></div></td><td class=\"c x3ce y1189 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(985)    </span></div></td><td class=\"c x3da y1189 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.544)    </span></div></td><td class=\"c x3d8 y1189 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.529)    </span></div></td></tr><tr><td class=\"c x3cf y118a wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero intra-negocio </div></td><td class=\"c x3cd y118a wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.504    </span></div></td><td class=\"c x3d9 y118a wfa h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.504)    </div></td><td class=\"c x3d6 y118a wfb h24\"><div class=\"t_1 m0_1 x99 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x3ce y118a w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.660    </span></div></td><td class=\"c x3da y118a w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.660)    </span></div></td><td class=\"c x3d8 y118a wfc h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3cf y118b wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso sobre activos (Nota 17) </div></td><td class=\"c x3cd y118b wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.633)    </span></div></td><td class=\"c x3d9 y118b wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(198)    </span></div></td><td class=\"c x3d6 y118b wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.831)    </span></div></td><td class=\"c x3ce y118b w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.289)    </span></div></td><td class=\"c x3da y118b w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(141)    </span></div></td><td class=\"c x3d8 y118b wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.433)    </span></div></td></tr><tr><td></td><td class=\"c x3cd y118c wf9 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(24.445)    </span></div></td><td class=\"c x3d9 y118c wfa h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(18.737)    </span></div></td><td class=\"c x3d6 y118c wfb h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(43.182)    </span></div></td><td class=\"c x3ce y118c w4b h5c\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.377)    </span></div></td><td class=\"c x3da y118c w71 h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(19.671)    </span></div></td><td class=\"c x3d8 y118c wfc h5c\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(47.051)    </span></div></td></tr><tr><td class=\"c x1ca y118d w354 h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 27)</div></td><td class=\"c x3cd y118e wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118e wfa h24\"><div class=\"t_1 m0_1 x22 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11<span class=\"ls0_1\">2</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118e wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.679</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118e w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.441    </span></div></td><td class=\"c x3da y118e w71 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">115   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3d8 y118e wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.556    </span></div></td></tr><tr><td class=\"c x3cf y118f wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos financieros </div></td><td class=\"c x3cd y118f wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.1<span class=\"lsd\">89</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118f wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.531</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118f wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.720</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118f w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.507    </span></div></td><td class=\"c x3da y118f w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.153    </span></div></td><td class=\"c x3d8 y118f wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.660    </span></div></td></tr><tr><td class=\"c x3cf y1190 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura- </div></td><td class=\"c x3cd y1191 wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.756    </span></div></td><td class=\"c x3d9 y1191 wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.643    </span></div></td><td class=\"c x3d6 y1191 wfb h24\"><div class=\"t_1 m0_1 x1e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.399    </span></div></td><td class=\"c x3ce y1191 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.948    </span></div></td><td class=\"c x3da y1191 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.268    </span></div></td><td class=\"c x3d8 y1191 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.216    </span></div></td></tr><tr><td class=\"c x3cf y1192 wf5 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span></div></td><td class=\"c x3cd y1192 wf9 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1192 wfa h25\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1192 wfb h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1192 w4b h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1192 w71 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1192 wfc h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1193 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1193 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1193 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1193 w4b h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1193 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1193 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1194 wf9 h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">16.785</span>)    </span></div></td><td class=\"c x3d9 y1194 wfa h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(16.590)    </span></div></td><td class=\"c x3d6 y1194 wfb h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">33.375</span>)    </span></div></td><td class=\"c x3ce y1194 w4b h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(18.592)    </span></div></td><td class=\"c x3da y1194 w71 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(13.827)    </span></div></td><td class=\"c x3d8 y1194 wfc h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(32.419)    </span></div></td></tr></table>La cuenta <span class=\"_ _3\"></span>\u201cOtros <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>financieros\u201d<span class=\"_ _3\"></span> recoge <span class=\"_ _3\"></span>principalmen<span class=\"_ _3\"></span>te la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los exc<span class=\"_ _3\"></span>edentes de<span class=\"_ _3\"></span> tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Gastos e ingresos financieros </span></span>El <span class=\"_ _f\"></span>detalle <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>estos <span class=\"_ _0\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _f\"></span>Consolidado <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _f\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>como sigue:<table class=\"s w352 h19f\" id=\"_baa655d5-36f8-479d-be34-13a9dd261481\"><tr><td></td><td></td><td class=\"c x3cd y1180 wf6 h24\"><div class=\"t_1 m0_1 xb6 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12</span>/2025 </div></td><td></td><td></td><td class=\"c x3ce y1180 wf8 h24\"><div class=\"t_1 m0_1 x99 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td></td></tr><tr><td class=\"c x3cf y1181 wf5 hb2\"><div class=\"t_1 m0_1 x10 h20 yb7 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x3d0 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d1 y1182 w329 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3d2 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td class=\"c x3d3 y1182 w325 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3d4 y1183 w32a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d5 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d6 y1181 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x3d2 y1183 w2de h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x3d7 y1183 w2df h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables<span class=\"_ _65\"> </span></div></td><td class=\"c x3d8 y1181 wfc h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td></tr><tr><td class=\"c x1ca y1184 w353 h196\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones / Notas</div></td><td class=\"c x3cd y1185 wf9 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y1185 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1185 wfb h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y1185 w4b h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3da y1185 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.399)    </span></div></td><td class=\"c x3d8 y1185 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.399)    </span></div></td></tr><tr><td class=\"c x3cf y1186 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros </div></td><td class=\"c x3cd y1186 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(17.799)    </span></div></td><td class=\"c x3d9 y1186 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(9.414)    </span></div></td><td class=\"c x3d6 y1186 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.213)    </span></div></td><td class=\"c x3ce y1186 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(22.741)    </span></div></td><td class=\"c x3da y1186 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(6.926)    </span></div></td><td class=\"c x3d8 y1186 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(29.667)    </span></div></td></tr><tr><td class=\"c x3cf y1187 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera Vajdm (Nota 29) </div></td><td class=\"c x3cd y1187 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.699)    </span></div></td><td class=\"c x3d9 y1187 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.939)    </span></div></td><td class=\"c x3d6 y1187 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(5.638)    </span></div></td><td class=\"c x3ce y1187 w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.053)    </span></div></td><td class=\"c x3da y1187 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.001)    </span></div></td><td class=\"c x3d8 y1187 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.054)    </span></div></td></tr><tr><td class=\"c x3cf y1188 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n financiera de provisiones </div></td><td class=\"c x3cd y1188 wf9 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3d9 y1188 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y1188 wfb h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(<span class=\"lsd\">829</span>)    </span></div></td><td class=\"c x3ce y1188 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td><td class=\"c x3da y1188 w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d8 y1188 wfc h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(969)    </span></div></td></tr><tr><td class=\"c x3cf y1189 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones y otros gastos </div></td><td class=\"c x3cd y1189 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.989)    </span></div></td><td class=\"c x3d9 y1189 wfa h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.682)    </span></div></td><td class=\"c x3d6 y1189 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(6.671)    </span></div></td><td class=\"c x3ce y1189 w4b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(985)    </span></div></td><td class=\"c x3da y1189 w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(3.544)    </span></div></td><td class=\"c x3d8 y1189 wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.529)    </span></div></td></tr><tr><td class=\"c x3cf y118a wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado financiero intra-negocio </div></td><td class=\"c x3cd y118a wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.504    </span></div></td><td class=\"c x3d9 y118a wfa h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.504)    </div></td><td class=\"c x3d6 y118a wfb h24\"><div class=\"t_1 m0_1 x99 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x3ce y118a w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.660    </span></div></td><td class=\"c x3da y118a w71 h24\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.660)    </span></div></td><td class=\"c x3d8 y118a wfc h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3cf y118b wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso sobre activos (Nota 17) </div></td><td class=\"c x3cd y118b wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.633)    </span></div></td><td class=\"c x3d9 y118b wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(198)    </span></div></td><td class=\"c x3d6 y118b wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.831)    </span></div></td><td class=\"c x3ce y118b w4b h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.289)    </span></div></td><td class=\"c x3da y118b w71 h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(141)    </span></div></td><td class=\"c x3d8 y118b wfc h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.433)    </span></div></td></tr><tr><td></td><td class=\"c x3cd y118c wf9 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(24.445)    </span></div></td><td class=\"c x3d9 y118c wfa h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(18.737)    </span></div></td><td class=\"c x3d6 y118c wfb h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(43.182)    </span></div></td><td class=\"c x3ce y118c w4b h5c\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(27.377)    </span></div></td><td class=\"c x3da y118c w71 h5c\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(19.671)    </span></div></td><td class=\"c x3d8 y118c wfc h5c\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(47.051)    </span></div></td></tr><tr><td class=\"c x1ca y118d w354 h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 27)</div></td><td class=\"c x3cd y118e wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.567</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118e wfa h24\"><div class=\"t_1 m0_1 x22 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11<span class=\"ls0_1\">2</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118e wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.679</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118e w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.441    </span></div></td><td class=\"c x3da y118e w71 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">115   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3d8 y118e wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.556    </span></div></td></tr><tr><td class=\"c x3cf y118f wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros ingresos financieros </div></td><td class=\"c x3cd y118f wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.1<span class=\"lsd\">89</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d9 y118f wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.531</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3d6 y118f wfb h24\"><div class=\"t_1 m0_1 x14 h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.720</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3ce y118f w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.507    </span></div></td><td class=\"c x3da y118f w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.153    </span></div></td><td class=\"c x3d8 y118f wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.660    </span></div></td></tr><tr><td class=\"c x3cf y1190 wf5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura- </div></td><td class=\"c x3cd y1191 wf9 h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.756    </span></div></td><td class=\"c x3d9 y1191 wfa h24\"><div class=\"t_1 m0_1 x1f h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.643    </span></div></td><td class=\"c x3d6 y1191 wfb h24\"><div class=\"t_1 m0_1 x1e h20 y579 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">11.399    </span></div></td><td class=\"c x3ce y1191 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.948    </span></div></td><td class=\"c x3da y1191 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.268    </span></div></td><td class=\"c x3d8 y1191 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.216    </span></div></td></tr><tr><td class=\"c x3cf y1192 wf5 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span></div></td><td class=\"c x3cd y1192 wf9 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1192 wfa h25\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1192 wfb h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1192 w4b h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1192 w71 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1192 wfc h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1193 wf9 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.096)    </span></div></td><td class=\"c x3d9 y1193 wfa h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(496)    </span></div></td><td class=\"c x3d6 y1193 wfb h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.592)    </span></div></td><td class=\"c x3ce y1193 w4b h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">840   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3da y1193 w71 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.576    </span></div></td><td class=\"c x3d8 y1193 wfc h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td></td><td class=\"c x3cd y1194 wf9 h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">16.785</span>)    </span></div></td><td class=\"c x3d9 y1194 wfa h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(16.590)    </span></div></td><td class=\"c x3d6 y1194 wfb h24\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(<span class=\"lsd\">33.375</span>)    </span></div></td><td class=\"c x3ce y1194 w4b h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(18.592)    </span></div></td><td class=\"c x3da y1194 w71 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(13.827)    </span></div></td><td class=\"c x3d8 y1194 wfc h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(32.419)    </span></div></td></tr></table>La cuenta <span class=\"_ _3\"></span>\u201cOtros <span class=\"_ _3\"></span>ingresos <span class=\"_ _3\"></span>financieros\u201d<span class=\"_ _3\"></span> recoge <span class=\"_ _3\"></span>principalmen<span class=\"_ _3\"></span>te la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>obtenida <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los exc<span class=\"_ _3\"></span>edentes de<span class=\"_ _3\"></span> tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "14.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff2\">Beneficio por acci\u00f3n </span></span>El c\u00e1lculo del resulta<span class=\"_ _3\"></span>do consolidado po<span class=\"_ _3\"></span>r acci\u00f3n b\u00e1sico y diluido de los<span class=\"_ _3\"></span> ejercicios 202<span class=\"_ _3\"></span>5 y 202<span class=\"_ _3\"></span>4 es el siguiente: Beneficio/ (P\u00e9rdida) Neta por Acci\u00f3n Unidades 2025<span class=\"ls0_1\"> </span>2024<span class=\"ls0_1\"> </span>Beneficio/ (P\u00e9rdida) neta consolidado del<span class=\"_ _65\"> </span>Miles \u20ac<span class=\"ff3\"> </span>(54.457) 31.551<span class=\"_ _65\"> </span>ejercicio atribuible a acciones ordinarias<span class=\"_ _65\"> </span>N\u00ba medio ponderado de acciones ordinarias<span class=\"_ _65\"> </span>Millones acc. 242,<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span>242,7 disponibles (*)<span class=\"_ _65\"> </span>N\u00ba medio ponderado de acciones dilu<span class=\"_ _2\"></span>idas <span class=\"_ _3\"></span> Millones acc. 24<span class=\"ls0_1\">7,4</span><span class=\"ls0_1\"> </span>246,5 Beneficio/ (P\u00e9rdida) b\u00e1sica por acc<span class=\"_ _2\"></span>i\u00f3n<span class=\"_ _3\"></span> \u20ac<span class=\"ff2\"> </span>(<span class=\"lsd\"></span><span class=\"lsd\">0,</span>22) 0,13 Beneficio/ (P\u00e9rdida) diluid<span class=\"_ _2\"></span>a por acci\u00f3n<span class=\"_ _3\"></span> \u20ac<span class=\"ff2\"> </span>(<span class=\"lsd\"></span><span class=\"lsd\">0,</span>22) 0,13 (*)  <span class=\"_ _21\"> </span>N\u00famero de acciones emitidas deducidas las acciones en autocartera En  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>ejercicio <span class=\"_ _13\"> </span>2025  <span class=\"ls15\">no</span> <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>ha <span class=\"_ _13\"> </span>considerado  en <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>c\u00e1lculo <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>beneficio <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>acci\u00f3n <span class=\"_ _13\"> </span>diluido  las <span class=\"_ _13\"> </span>acciones ordinarias con<span class=\"_ _3\"></span> potencial diluyente v<span class=\"_ _3\"></span>inculadas al cu<span class=\"_ _3\"></span>mplimiento de los<span class=\"_ _3\"></span> objetivos d<span class=\"_ _3\"></span>e los planes d<span class=\"_ _3\"></span>e retribuci\u00f3n variable 2023-2027 (4,9 <span class=\"_ _2\"></span>millones de acciones <span class=\"_ _2\"></span>al 31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>diciembre de 2025), <span class=\"_ _2\"></span>ya que <span class=\"_ _2\"></span>su consideraci\u00f3n produ<span class=\"lsf\">ce</span> un efecto anti-dilutivo<span class=\"_ _3\"></span>. En <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>2024 <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>consider<span class=\"_ _3\"></span>\u00f3 <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>c\u00e1lculo <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>beneficio<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>acci\u00f3n <span class=\"_ _f\"></span>diluido <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>accion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>ord<span class=\"_ _3\"></span>inarias <span class=\"_ _3\"></span>con potencial diluyente v<span class=\"_ _3\"></span>inculadas al cu<span class=\"_ _3\"></span>mplimiento de los ob<span class=\"_ _3\"></span>jetivos de los p<span class=\"_ _3\"></span>lanes de retribuci\u00f3n v<span class=\"_ _3\"></span>ariable 2023<span class=\"_ _3\"></span>-<span class=\"_ _65\"> </span>2027 (4 millones de accion<span class=\"_ _3\"></span>es al cierre del ejercicio 20<span class=\"_ _3\"></span>24)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "<div class=\"c w3_1 h3d gs45\"><div class=\"t_1 m0_1 x9 hc y7b4 ff2 fs2 fc2 sc0_1 ls1 ws0_1\">15.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff2\">Fondo de comercio y otros activos intangibles </span></span></div><div class=\"t_1 m0_1 x21 h7_1 y7b5 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _3\"></span>movimiento <span class=\"_ _3\"></span>hab<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios 202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>fondo <span class=\"_ _f\"></span>de comercio <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>diferentes <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y7b6 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de activos inta<span class=\"_ _3\"></span>ngibles y de sus correspon<span class=\"_ _3\"></span>dientes amortizaciones y<span class=\"_ _3\"></span> deterioros ha s<span class=\"_ _3\"></span>ido el siguiente<span class=\"_ _3\"></span>: </div></div><div class=\"c w100 h25 gs46\"><div class=\"t_1 m0_1 x6f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></div><div class=\"gs47\"><table class=\"s w35a h1a1\" id=\"_d15dafd6-24c7-461d-b684-8e68aab811fa\"><tr><td class=\"c x3e1 y119f wff h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2025 </div></td><td></td><td></td><td></td><td></td><td class=\"c x365 y11a0 w35b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x3e2 y11a0 w35c h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _65\"> </span></div></td><td class=\"c x3e3 y11a0 w35d h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x3e4 y119f w103 h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos  </div></td><td class=\"c x3e5 y11a0 w35e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x3e6 y11a1 w35f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2025<span class=\"_ _65\"> </span></div></td><td class=\"c x3e7 y11a1 w360 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x3e8 y11a1 w361 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3e9 y11a1 w35f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x3e1 y11a2 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio  </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a2 w1c h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.550    </span></div></td><td class=\"c x3eb y11a2 w101 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7 </div></td><td class=\"c x3ec y11a2 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a2 w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11a2 w9c h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.557 </div></td></tr><tr><td class=\"c x3e1 y11a3 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a3 w1c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">38.819    </span></div></td><td class=\"c x3eb y11a3 w101 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9 </div></td><td class=\"c x3ec y11a3 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a3 w103 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.706 </div></td><td class=\"c x3ed y11a3 w9c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">42<span class=\"ls0_1\">.</span>534<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3e1 y11a4 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a4 w1c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.078    </span></div></td><td class=\"c x3eb y11a4 w101 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ec y11a4 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a4 w103 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">106 </div></td><td class=\"c x3ed y11a4 w9c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15.184<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3e1 y11a5 wff h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a5 w1c h5c\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.891    </span></div></td><td class=\"c x3eb y11a5 w101 h5c\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.698 </div></td><td class=\"c x3ec y11a5 w102 h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(15) </div></td><td class=\"c x3e4 y11a5 w103 h5c\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.422) </div></td><td class=\"c x3ed y11a5 w9c h5c\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">11<span class=\"ls0_1\">.</span>152<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y11a6 w362 h18c\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x3ee y11a6 w363 h18c\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3ef y11a6 w364 h18c\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x3f0 y11a6 w363 h18c\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3f1 y11a6 w365 h18c\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y11a7 w366 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano</div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a8 w1c h91\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">39.968    </span></div></td><td class=\"c x3eb y11a8 w101 h91\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ec y11a8 w102 h91\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a8 w103 h91\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11a8 w9c h91\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.968 </div></td></tr><tr><td class=\"c x3e1 y11a9 wff h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a9 w1c h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.911    </span></div></td><td class=\"c x3eb y11a9 w101 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x3ec y11a9 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a9 w103 h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">28<span class=\"ls0_1\"> </span></div></td><td class=\"c x3ed y11a9 w9c h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.<span class=\"lsd\">073</span> </div></td></tr><tr><td class=\"c x3e1 y11aa wff h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles  </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11aa w1c h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.357    </span></div></td><td class=\"c x3eb y11aa w101 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ec y11aa w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11aa w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11aa w9c h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.357 </div></td></tr><tr><td></td><td></td><td class=\"c x3e1 y11ab wff h25\" colspan=\"2\"><div class=\"t_1 m0_1 x43 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ff2\">Total coste  </span></div></td><td></td><td class=\"c x3ea y11ab w1c h25\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">121.574   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3eb y11ab w101 h25\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.848<span class=\"ff3 ls0_1\"> </span></div></td><td class=\"c x3ec y11ab w102 h25\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">15</span>)<span class=\"ff3\"> </span></div></td><td class=\"c x3e4 y11ab w103 h25\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ff3 ls0_1\"> </span></div></td><td class=\"c x3ed y11ab w9c h25\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12<span class=\"ls0_1\">7.</span>825<span class=\"ff3 ls0_1\"> </span></div></td></tr><tr><td class=\"c x3e1 y11ac wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11ac w1c h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(32.245)    </span></div></td><td class=\"c x3eb y11ac w101 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.339) </div></td><td class=\"c x3ec y11ac w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11ac w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11ac w9c h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(34.584) </div></td></tr><tr><td class=\"c x3e1 y11ad wff haa\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11ad w1c haa\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(14.159)    </span></div></td><td class=\"c x3eb y11ad w101 haa\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(537) </div></td><td class=\"c x3ec y11ad w102 haa\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11ad w103 haa\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11ad w9c haa\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.696) </div></td></tr><tr><td class=\"c x1ca y11ae w362 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x3ee y11ae w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3ef y11ae w364 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x3f0 y11ae w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3f1 y11ae w365 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y11af w366 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano</div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11b0 w1c h86\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(4.013)    </span></div></td><td class=\"c x3eb y11b0 w101 h86\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.601) </div></td><td class=\"c x3ec y11b0 w102 h86\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b0 w103 h86\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b0 w9c h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.614) </div></td></tr><tr><td class=\"c x3e1 y11b1 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11b1 w1c h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">(718)    </span></div></td><td class=\"c x3eb y11b1 w101 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(252) </div></td><td class=\"c x3ec y11b1 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b1 w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b1 w9c h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(970) </div></td></tr><tr><td class=\"c x3e1 y11b2 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11b2 w1c h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(2.098)    </span></div></td><td class=\"c x3eb y11b2 w101 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(152) </div></td><td class=\"c x3ec y11b2 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b2 w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b2 w9c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.250) </div></td></tr><tr><td></td><td></td><td class=\"c x3e1 y11b3 wff h24\" colspan=\"2\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total amortizaciones   </div></td><td></td><td class=\"c x3ea y11b3 w1c h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(53.233)    </span></div></td><td class=\"c x3eb y11b3 w101 h24\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.881) </div></td><td class=\"c x3ec y11b3 w102 h24\"><div class=\"t_1 m0_1 x32 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b3 w103 h24\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b3 w9c h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(58.114) </div></td></tr><tr><td class=\"c x3e1 y11b4 wff h24\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioros de valor (Nota 19)  </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11b4 w1c h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(3.489)    </span></div></td><td class=\"c x3eb y11b4 w101 h24\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3 </div></td><td class=\"c x3ec y11b4 w102 h24\"><div class=\"t_1 m0_1 x32 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b4 w103 h24\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b4 w9c h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.486) </div></td></tr><tr><td></td><td></td><td class=\"c x3e1 y11b5 wff h5c\"><div class=\"t_1 m0_1 x4_1 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td></td><td></td><td class=\"c x3ea y11b5 w1c h5c\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">64.852   <span class=\"ls0_1\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x3ed y11b5 w9c h5c\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66<span class=\"ls0_1\">.</span>225<span class=\"ls0_1\"> </span></div></td></tr></table></div><div class=\"gs31\"><table class=\"s w367 h1a2\" id=\"_703174e5-12fe-4afa-af39-ef30934faa8e\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x3f3 y11b6 w368 h1a3\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x3f4 y11b7 w106 h46\"><div class=\"t_1 m0_1 x112 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x3f5 y11b8 wff h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td></td><td></td><td></td><td></td><td class=\"c x3f6 y11b9 w35b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x3f7 y11b9 w369 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del<span class=\"_ _65\"> </span></div></td><td class=\"c x222 y11b9 w35c h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _65\"> </span></div></td><td class=\"c x3f8 y11b9 w35d h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x3f9 y11b8 w103 h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos  </div></td><td class=\"c x3fa y11b9 w35e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x3fb y11ba w35f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x3fc y11ba w36a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro<span class=\"_ _65\"> </span></div></td><td class=\"c x3fd y11ba w360 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x3fe y11ba w361 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3ff y11ba w35f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x400 y11bb w36b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x3f5 y11bc wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio  </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11bc w8f h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.737 </div></td><td class=\"c x402 y11bc w107 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.813 </div></td><td class=\"c x403 y11bc w108 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x404 y11bc w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11bc w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11bc w1f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.550 </div></td></tr><tr><td class=\"c x3f5 y11bd wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11bd w8f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">37.603 </div></td><td class=\"c x402 y11bd w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11bd w108 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x404 y11bd w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11bd w103 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.212 </div></td><td class=\"c x405 y11bd w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">38.819 </div></td></tr><tr><td class=\"c x3f5 y11be wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11be w8f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.452 </div></td><td class=\"c x402 y11be w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11be w108 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x404 y11be w109 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.567) </div></td><td class=\"c x3f9 y11be w103 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">116<span class=\"ls0_1\"> </span></div></td><td class=\"c x405 y11be w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.078 </div></td></tr><tr><td class=\"c x3f5 y11bf wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11bf w8f h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.448 </div></td><td class=\"c x402 y11bf w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11bf w108 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.815 </div></td><td class=\"c x404 y11bf w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11bf w103 h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.372) </div></td><td class=\"c x405 y11bf w1f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.891 </div></td></tr><tr><td class=\"c x1ca y11a6 w362 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x3ee y11a6 w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3ef y11a6 w364 h191\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x3f0 y11a6 w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3f1 y11a6 w365 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y11c0 w366 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c1 w8f h86\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">21.002 </div></td><td class=\"c x402 y11c1 w107 h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.966 </div></td><td class=\"c x403 y11c1 w108 h86\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x404 y11c1 w109 h86\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c1 w103 h86\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c1 w1f h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.968 </div></td></tr><tr><td class=\"c x3f5 y11c2 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c2 w8f h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.787 </div></td><td class=\"c x402 y11c2 w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c2 w108 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">80<span class=\"ls0_1\"> </span></div></td><td class=\"c x404 y11c2 w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c2 w103 h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x405 y11c2 w1f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.911 </div></td></tr><tr><td class=\"c x3f5 y11c3 wff h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles  </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c3 w8f h5c\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.185 </div></td><td class=\"c x402 y11c3 w107 h5c\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c3 w108 h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">172<span class=\"ls0_1\"> </span></div></td><td class=\"c x404 y11c3 w109 h5c\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c3 w103 h5c\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c3 w1f h5c\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.357 </div></td></tr><tr><td></td><td></td><td class=\"c x3f5 y11c4 wff h25\" colspan=\"2\"><div class=\"t_1 m0_1 x43 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ff2\">Total coste  </span></div></td><td></td><td class=\"c x401 y11c4 w8f h25\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">95.214<span class=\"ls0_1\"> </span></div></td><td class=\"c x402 y11c4 w107 h25\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">23.779<span class=\"ff3 ls0_1\"> </span></div></td><td class=\"c x403 y11c4 w108 h25\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">6.148<span class=\"ff3 ls0_1\"> </span></div></td><td class=\"c x404 y11c4 w109 h25\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.567)<span class=\"ff3\"> </span></div></td><td class=\"c x3f9 y11c4 w103 h25\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff3\"> </span></div></td><td class=\"c x405 y11c4 w1f h25\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">121.574<span class=\"ff3 ls0_1\"> </span></div></td></tr><tr><td class=\"c x3f5 y11c5 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c5 w8f h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(29.656) </div></td><td class=\"c x402 y11c5 w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c5 w108 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.589) </div></td><td class=\"c x404 y11c5 w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c5 w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c5 w1f h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(32.245) </div></td></tr><tr><td class=\"c x3f5 y11c6 wff haa\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c6 w8f haa\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.348) </div></td><td class=\"c x402 y11c6 w107 haa\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c6 w108 haa\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(524) </div></td><td class=\"c x404 y11c6 w109 haa\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">713<span class=\"ls0_1\"> </span></div></td><td class=\"c x3f9 y11c6 w103 haa\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c6 w1f haa\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.159) </div></td></tr><tr><td class=\"c x1ca y11c7 w362 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x3ee y11c7 w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3ef y11c7 w364 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x3f0 y11c7 w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3f1 y11c7 w365 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y11c8 w366 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c9 w8f h86\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.170) </div></td><td class=\"c x402 y11c9 w107 h86\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c9 w108 h86\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(843) </div></td><td class=\"c x404 y11c9 w109 h86\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c9 w103 h86\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c9 w1f h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.013) </div></td></tr><tr><td class=\"c x3f5 y11ca wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11ca w8f h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(475) </div></td><td></td><td class=\"c x403 y11ca w108 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(243) </div></td><td class=\"c x404 y11ca w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11ca w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11ca w1f h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(718) </div></td></tr><tr><td class=\"c x3f5 y11cb wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11cb w8f h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.950) </div></td><td class=\"c x402 y11cb w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11cb w108 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(148) </div></td><td class=\"c x404 y11cb w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11cb w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11cb w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.098) </div></td></tr><tr><td></td><td></td><td class=\"c x3f5 y11cc wff h24\" colspan=\"2\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total amortizaciones   </div></td><td></td><td class=\"c x401 y11cc w8f h24\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(49.599) </div></td><td class=\"c x402 y11cc w107 h24\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11cc w108 h24\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.347) </div></td><td class=\"c x404 y11cc w109 h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">713<span class=\"ls0_1\"> </span></div></td><td class=\"c x3f9 y11cc w103 h24\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11cc w1f h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(53.233) </div></td></tr><tr><td class=\"c x3f5 y11cd wff h24\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioros de valor (Nota 19)  </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11cd w8f h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.349) </div></td><td class=\"c x402 y11cd w107 h24\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x404 y11cd w109 h24\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.860<span class=\"ls0_1\"> </span></div></td><td class=\"c x3f9 y11cd w103 h24\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11cd w1f h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.489) </div></td></tr><tr><td></td><td></td><td class=\"c x3f5 y11ce wff h24\"><div class=\"t_1 m0_1 x4_1 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td></td><td></td><td class=\"c x401 y11ce w8f h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">39.266<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x405 y11ce w1f h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">64.852<span class=\"ls0_1\"> </span></div></td></tr></table></div><div class=\"c w3_1 h3d gs49\"><div class=\"t_1 m0_1 x39 h9_1 y440 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d h7_1 y7d8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Durante 2025 y 2024 no<span class=\"_ _3\"></span> se han realizado t<span class=\"_ _3\"></span>rabajos efectuados<span class=\"_ _3\"></span> por el Grupo para <span class=\"_ _3\"></span>su inmovilizado intangible.<span class=\"_ _f\"></span>  </div><div class=\"t_1 m0_1 x6d h7_1 y7d9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _13\"> </span>elem<span class=\"_ _2\"></span>entos <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>inmoviliza<span class=\"_ _3\"></span>do <span class=\"_ _13\"> </span>intangible <span class=\"_ _10\"> </span>totalmente <span class=\"_ _13\"> </span>amortizados <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>31 <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>diciembre <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>202<span class=\"_ _f\"></span>5 <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>2024<span class=\"ls14\">, </span></div><div class=\"t_1 m0_1 x6d h7_1 y7da ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">principalmente gastos de <span class=\"_ _2\"></span>desarrollo y <span class=\"_ _2\"></span>aplicaciones inform\u00e1ticas<span class=\"_ _3\"></span> ascend\u00edan a <span class=\"_ _2\"></span>44.<span class=\"ls10\">129</span> <span class=\"_ _2\"></span><span class=\"ff6\">miles \u20ac <span class=\"_ _2\"></span>y <span class=\"ff3 ls10\">41<span class=\"ls0_1\">.</span>860<span class=\"ls0_1\"> </span></span>m<span class=\"_ _2\"></span>iles \u20ac, </span></div><div class=\"t_1 m0_1 x6d h7_1 y7db ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">respectivamente. </div><div class=\"t_1 m0_1 x6d hd y7dc ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">15.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Fondo de comercio </span></span></div><div class=\"t_1 m0_1 x7d h7_1 y7dd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El fond<span class=\"_ _3\"></span>o de comercio <span class=\"_ _3\"></span>neto al <span class=\"_ _3\"></span>31 de <span class=\"_ _3\"></span>diciembre de 2025 <span class=\"_ _3\"></span>y 2024 <span class=\"_ _3\"></span>desglosad<span class=\"_ _3\"></span>o por <span class=\"_ _3\"></span>las unidades generadoras<span class=\"_ _3\"></span> de </div><div class=\"t_1 m0_1 x7d h7_1 y7de ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">efectivo a las q<span class=\"_ _3\"></span>ue se ha asignado, es el siguient<span class=\"_ _3\"></span>e: </div></div><div class=\"gs4a\"><table class=\"s w36c h1a4\" id=\"_075d85a9-3dbd-488b-833f-d0e9ab532762\"><tr><td class=\"c x28c y11cf w10a h6c\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2025 </div></td><td></td><td></td><td class=\"c x406 y11cf w10c h6c\"><div class=\"t_1 m0_1 x4a h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x407 y11d0 w36d h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d0 w36e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro<span class=\"_ _65\"> </span></div></td><td class=\"c x409 y11d0 w36f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor Neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y11d1 w10a hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">UGE asignada </div></td><td class=\"c x40a y11d1 w10b hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tecnolog\u00eda </div></td><td class=\"c x40b y11d2 w370 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comercio<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d2 w32e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 15)<span class=\"_ _65\"> </span></div></td><td class=\"c x40c y11d2 w371 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contable<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y11d4 w372 h1a5\"><div class=\"t_1 m0_1 x1c9 h20 y11d3 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Jaen 16 MW - Ciudad Real 16 MW (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x40a y11d5 w10b h6e\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biomasa </div></td><td class=\"c x406 y11d5 w18 h6e\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">2.737  </span></div></td><td class=\"c x40d y11d5 w51 h6e\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11d5 wb4 h6e\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y11d6 w10a h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometa<span class=\"ls2f\">no</span> La Galera (**) </div></td><td class=\"c x40a y11d6 w10b h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometano </div></td><td class=\"c x406 y11d6 w18 h1d\"><div class=\"t_1 m0_1 x82 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">4.8<span class=\"lsd\">20</span>  </span></div></td><td class=\"c x40d y11d6 w51 h1d\"><div class=\"t_1 m0_1 x19 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y11d6 wb4 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.8<span class=\"lsd\">20</span>  </span></div></td></tr><tr><td></td><td></td><td class=\"c x406 y11d7 w18 h1d\"><div class=\"t_1 m0_1 x82 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">7.557 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x40d y11d7 w51 h1d\"><div class=\"t_1 m0_1 xf h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11d7 wb4 h1d\"><div class=\"t_1 m0_1 x50 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">4.820</span><span class=\"lsd\"> <span class=\"ls0_1\"> </span></span></div></td></tr></table></div><table class=\"s w36c h1a6\" id=\"_fe907818-d438-447c-bf0d-747ec2b74f56\"><tr><td class=\"c x28c y11d8 w10a h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2024 </div></td><td></td><td></td><td class=\"c x406 y11d8 w10c h6c\"><div class=\"t_1 m0_1 x4a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x407 y11d9 w36d h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d9 w36e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro<span class=\"_ _65\"> </span></div></td><td class=\"c x409 y11d9 w36f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor Neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y11da w10a hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">UGE asignada </div></td><td class=\"c x40a y11da w10b hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tecnolog\u00eda </div></td><td class=\"c x40b y11db w370 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comercio<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11db w32e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 15)<span class=\"_ _65\"> </span></div></td><td class=\"c x40c y11db w371 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contable<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y11d4 w372 h1a7\"><div class=\"t_1 m0_1 x1c9 h20 y11dc ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Jaen 16 MW - Ciudad Real 16 MW (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x40a y11dd w10b h6c\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biomasa </div></td><td class=\"c x406 y11dd w18 h6c\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">2.737  </span></div></td><td class=\"c x40d y11dd w51 h6c\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11dd wb4 h6c\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y11de w10a h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometa<span class=\"ls2f\">no</span> La Galera (**) </div></td><td class=\"c x40a y11de w10b h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometano </div></td><td class=\"c x406 y11de w18 h1d\"><div class=\"t_1 m0_1 x82 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">4.8<span class=\"lsd\">13</span>  </span></div></td><td class=\"c x40d y11de w51 h1d\"><div class=\"t_1 m0_1 x19 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y11de wb4 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.8<span class=\"lsd\">13</span>  </span></div></td></tr><tr><td></td><td></td><td class=\"c x406 y11df w18 h1d\"><div class=\"t_1 m0_1 x82 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">7.55<span class=\"ls0_1\">0</span><span class=\"ls0_1\">  </span></span></div></td><td class=\"c x40d y11df w51 h1d\"><div class=\"t_1 m0_1 xf h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11df wb4 h1d\"><div class=\"t_1 m0_1 x50 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">4.813<span class=\"ls0_1\">  </span></span></div></td></tr></table>(*) <span class=\"_ _f\"></span>Tiene <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>origen <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>ENCE <span class=\"_ _0\"></span>ostenta <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>Loma, <span class=\"_ _0\"></span>S.A. <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> Energ\u00edas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Manch<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>ENEMAN, <span class=\"_ _f\"></span>S.A., <span class=\"_ _f\"></span>sociedades<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>titulares <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>ins<span class=\"_ _3\"></span>talaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>energ\u00eda con biomasa ubicadas en Ja\u00e9n y Ciudad Real y con potencia in<span class=\"_ _3\"></span>stalada de 16 MW cada una de ellas. Al 31 de diciembre de 2025 y 2024<span class=\"_ _3\"></span> se encuentra<span class=\"_ _3\"></span> \u00edntegramente deteriora<span class=\"_ _3\"></span>do (v\u00e9ase Nota 1<span class=\"_ _3\"></span>9<span class=\"ls18\">).</span> (**) <span class=\"_ _10\"></span>Tiene <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _10\"></span>origen <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>adquisici\u00f3n, <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>2024, <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>particip<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>ENCE <span class=\"_ _10\"> </span>ostenta <span class=\"_ _10\"> </span>en Biometag\u00e1s La Galera, S.L<span class=\"_ _3\"></span>., sociedad tenedora d<span class=\"_ _3\"></span>e una instalaci\u00f3n d<span class=\"_ _3\"></span>e generaci\u00f3n de biometano<span class=\"_ _f\"></span> (v\u00e9ase Nota 6)<span class=\"ls0_1\">. El Grupo<span class=\"_ _3\"></span> ha realizado u<span class=\"_ _3\"></span>n test de <span class=\"_ _3\"></span>deterioro evalu<span class=\"_ _3\"></span>ando la <span class=\"_ _3\"></span>recuperabilidad del <span class=\"_ _3\"></span>fondo de <span class=\"_ _3\"></span>comercio a trav\u00e9s </span>de flujos <span class=\"_ _3\"></span>de efectivo<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>insta<span class=\"_ _3\"></span>laci\u00f3n, <span class=\"_ _3\"></span>actualmente en <span class=\"_ _3\"></span>funcionamiento<span class=\"_ _3\"></span><span class=\"ls14\">, </span>m\u00e1s <span class=\"_ _3\"></span>el valo<span class=\"_ _3\"></span>r d<span class=\"_ _3\"></span>e los <span class=\"_ _3\"></span>proyectos <span class=\"_ _3\"></span>en desarrollo de Biometano considerando comparables de mercado<span class=\"_ _3\"></span>. El valor contable de los activos de la <span class=\"_ _2\"></span>UGE asciende a <span class=\"_ _3\"></span>30,8 <span class=\"_ _3\"></span>millones d<span class=\"_ _3\"></span>e e<span class=\"_ _3\"></span>uros. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>valor recuperab<span class=\"_ _3\"></span>le de l<span class=\"_ _3\"></span>a UGE <span class=\"_ _3\"></span>es sup<span class=\"_ _3\"></span>erior a <span class=\"_ _3\"></span>su v<span class=\"_ _3\"></span>alor neto <span class=\"_ _3\"></span>contable. <span class=\"_ _3\"></span>Las principales hip\u00f3tesis utilizadas son, <span class=\"_ _2\"></span>una WACC <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>espu\u00e9s de <span class=\"_ _2\"></span>impuestos del 6%<span class=\"_ _2\"></span>, los <span class=\"_ _2\"></span>precios fijados en los <span class=\"_ _2\"></span>BPAs firmados y los co<span class=\"_ _3\"></span>stes estimados <span class=\"_ _3\"></span>de operaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff2\">Fondo de comercio y otros activos intangibles </span></span>El <span class=\"_ _3\"></span>movimiento <span class=\"_ _3\"></span>hab<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>durante <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>ejercicios 202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>fondo <span class=\"_ _f\"></span>de comercio <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>diferentes <span class=\"_ _3\"></span>cuentas<span class=\"_ _3\"></span> de activos inta<span class=\"_ _3\"></span>ngibles y de sus correspon<span class=\"_ _3\"></span>dientes amortizaciones y<span class=\"_ _3\"></span> deterioros ha s<span class=\"_ _3\"></span>ido el siguiente<span class=\"_ _3\"></span>: Miles de euros <table class=\"s w35a h1a1\" id=\"_d15dafd6-24c7-461d-b684-8e68aab811fa\"><tr><td class=\"c x3e1 y119f wff h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2025 </div></td><td></td><td></td><td></td><td></td><td class=\"c x365 y11a0 w35b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x3e2 y11a0 w35c h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _65\"> </span></div></td><td class=\"c x3e3 y11a0 w35d h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x3e4 y119f w103 h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos  </div></td><td class=\"c x3e5 y11a0 w35e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x3e6 y11a1 w35f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2025<span class=\"_ _65\"> </span></div></td><td class=\"c x3e7 y11a1 w360 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x3e8 y11a1 w361 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3e9 y11a1 w35f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x3e1 y11a2 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio  </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a2 w1c h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.550    </span></div></td><td class=\"c x3eb y11a2 w101 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7 </div></td><td class=\"c x3ec y11a2 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a2 w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11a2 w9c h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.557 </div></td></tr><tr><td class=\"c x3e1 y11a3 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a3 w1c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">38.819    </span></div></td><td class=\"c x3eb y11a3 w101 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9 </div></td><td class=\"c x3ec y11a3 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a3 w103 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.706 </div></td><td class=\"c x3ed y11a3 w9c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">42<span class=\"ls0_1\">.</span>534<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3e1 y11a4 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a4 w1c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">15.078    </span></div></td><td class=\"c x3eb y11a4 w101 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ec y11a4 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a4 w103 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">106 </div></td><td class=\"c x3ed y11a4 w9c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15.184<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3e1 y11a5 wff h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a5 w1c h5c\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.891    </span></div></td><td class=\"c x3eb y11a5 w101 h5c\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.698 </div></td><td class=\"c x3ec y11a5 w102 h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(15) </div></td><td class=\"c x3e4 y11a5 w103 h5c\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.422) </div></td><td class=\"c x3ed y11a5 w9c h5c\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">11<span class=\"ls0_1\">.</span>152<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y11a6 w362 h18c\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x3ee y11a6 w363 h18c\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3ef y11a6 w364 h18c\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x3f0 y11a6 w363 h18c\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3f1 y11a6 w365 h18c\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y11a7 w366 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano</div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a8 w1c h91\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">39.968    </span></div></td><td class=\"c x3eb y11a8 w101 h91\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ec y11a8 w102 h91\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a8 w103 h91\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11a8 w9c h91\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.968 </div></td></tr><tr><td class=\"c x3e1 y11a9 wff h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11a9 w1c h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.911    </span></div></td><td class=\"c x3eb y11a9 w101 h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">134<span class=\"ls0_1\"> </span></div></td><td class=\"c x3ec y11a9 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11a9 w103 h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">28<span class=\"ls0_1\"> </span></div></td><td class=\"c x3ed y11a9 w9c h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.<span class=\"lsd\">073</span> </div></td></tr><tr><td class=\"c x3e1 y11aa wff h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles  </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11aa w1c h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.357    </span></div></td><td class=\"c x3eb y11aa w101 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ec y11aa w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11aa w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11aa w9c h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.357 </div></td></tr><tr><td></td><td></td><td class=\"c x3e1 y11ab wff h25\" colspan=\"2\"><div class=\"t_1 m0_1 x43 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ff2\">Total coste  </span></div></td><td></td><td class=\"c x3ea y11ab w1c h25\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">121.574   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x3eb y11ab w101 h25\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.848<span class=\"ff3 ls0_1\"> </span></div></td><td class=\"c x3ec y11ab w102 h25\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">15</span>)<span class=\"ff3\"> </span></div></td><td class=\"c x3e4 y11ab w103 h25\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">418<span class=\"ff3 ls0_1\"> </span></div></td><td class=\"c x3ed y11ab w9c h25\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12<span class=\"ls0_1\">7.</span>825<span class=\"ff3 ls0_1\"> </span></div></td></tr><tr><td class=\"c x3e1 y11ac wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11ac w1c h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(32.245)    </span></div></td><td class=\"c x3eb y11ac w101 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.339) </div></td><td class=\"c x3ec y11ac w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11ac w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11ac w9c h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(34.584) </div></td></tr><tr><td class=\"c x3e1 y11ad wff haa\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11ad w1c haa\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(14.159)    </span></div></td><td class=\"c x3eb y11ad w101 haa\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(537) </div></td><td class=\"c x3ec y11ad w102 haa\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11ad w103 haa\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11ad w9c haa\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.696) </div></td></tr><tr><td class=\"c x1ca y11ae w362 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x3ee y11ae w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3ef y11ae w364 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x3f0 y11ae w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3f1 y11ae w365 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y11af w366 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano</div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11b0 w1c h86\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(4.013)    </span></div></td><td class=\"c x3eb y11b0 w101 h86\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.601) </div></td><td class=\"c x3ec y11b0 w102 h86\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b0 w103 h86\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b0 w9c h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.614) </div></td></tr><tr><td class=\"c x3e1 y11b1 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11b1 w1c h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">(718)    </span></div></td><td class=\"c x3eb y11b1 w101 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(252) </div></td><td class=\"c x3ec y11b1 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b1 w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b1 w9c h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(970) </div></td></tr><tr><td class=\"c x3e1 y11b2 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11b2 w1c h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(2.098)    </span></div></td><td class=\"c x3eb y11b2 w101 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(152) </div></td><td class=\"c x3ec y11b2 w102 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b2 w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b2 w9c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.250) </div></td></tr><tr><td></td><td></td><td class=\"c x3e1 y11b3 wff h24\" colspan=\"2\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total amortizaciones   </div></td><td></td><td class=\"c x3ea y11b3 w1c h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(53.233)    </span></div></td><td class=\"c x3eb y11b3 w101 h24\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.881) </div></td><td class=\"c x3ec y11b3 w102 h24\"><div class=\"t_1 m0_1 x32 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b3 w103 h24\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b3 w9c h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(58.114) </div></td></tr><tr><td class=\"c x3e1 y11b4 wff h24\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioros de valor (Nota 19)  </div></td><td></td><td></td><td></td><td></td><td class=\"c x3ea y11b4 w1c h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(3.489)    </span></div></td><td class=\"c x3eb y11b4 w101 h24\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3 </div></td><td class=\"c x3ec y11b4 w102 h24\"><div class=\"t_1 m0_1 x32 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3e4 y11b4 w103 h24\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3ed y11b4 w9c h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.486) </div></td></tr><tr><td></td><td></td><td class=\"c x3e1 y11b5 wff h5c\"><div class=\"t_1 m0_1 x4_1 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td></td><td></td><td class=\"c x3ea y11b5 w1c h5c\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">64.852   <span class=\"ls0_1\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x3ed y11b5 w9c h5c\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">66<span class=\"ls0_1\">.</span>225<span class=\"ls0_1\"> </span></div></td></tr></table><table class=\"s w367 h1a2\" id=\"_703174e5-12fe-4afa-af39-ef30934faa8e\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x3f3 y11b6 w368 h1a3\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x3f4 y11b7 w106 h46\"><div class=\"t_1 m0_1 x112 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x3f5 y11b8 wff h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td></td><td></td><td></td><td></td><td class=\"c x3f6 y11b9 w35b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x3f7 y11b9 w369 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del<span class=\"_ _65\"> </span></div></td><td class=\"c x222 y11b9 w35c h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _65\"> </span></div></td><td class=\"c x3f8 y11b9 w35d h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x3f9 y11b8 w103 h7d\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos  </div></td><td class=\"c x3fa y11b9 w35e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x3fb y11ba w35f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x3fc y11ba w36a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro<span class=\"_ _65\"> </span></div></td><td class=\"c x3fd y11ba w360 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x3fe y11ba w361 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x3ff y11ba w35f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x400 y11bb w36b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x3f5 y11bc wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio  </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11bc w8f h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.737 </div></td><td class=\"c x402 y11bc w107 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.813 </div></td><td class=\"c x403 y11bc w108 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x404 y11bc w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11bc w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11bc w1f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.550 </div></td></tr><tr><td class=\"c x3f5 y11bd wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11bd w8f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">37.603 </div></td><td class=\"c x402 y11bd w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11bd w108 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></td><td class=\"c x404 y11bd w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11bd w103 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.212 </div></td><td class=\"c x405 y11bd w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">38.819 </div></td></tr><tr><td class=\"c x3f5 y11be wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11be w8f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.452 </div></td><td class=\"c x402 y11be w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11be w108 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x404 y11be w109 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.567) </div></td><td class=\"c x3f9 y11be w103 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">116<span class=\"ls0_1\"> </span></div></td><td class=\"c x405 y11be w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.078 </div></td></tr><tr><td class=\"c x3f5 y11bf wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11bf w8f h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.448 </div></td><td class=\"c x402 y11bf w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11bf w108 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.815 </div></td><td class=\"c x404 y11bf w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11bf w103 h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.372) </div></td><td class=\"c x405 y11bf w1f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.891 </div></td></tr><tr><td class=\"c x1ca y11a6 w362 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x3ee y11a6 w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3ef y11a6 w364 h191\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x3f0 y11a6 w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3f1 y11a6 w365 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y11c0 w366 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c1 w8f h86\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">21.002 </div></td><td class=\"c x402 y11c1 w107 h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.966 </div></td><td class=\"c x403 y11c1 w108 h86\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x404 y11c1 w109 h86\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c1 w103 h86\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c1 w1f h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.968 </div></td></tr><tr><td class=\"c x3f5 y11c2 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c2 w8f h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.787 </div></td><td class=\"c x402 y11c2 w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c2 w108 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">80<span class=\"ls0_1\"> </span></div></td><td class=\"c x404 y11c2 w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c2 w103 h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">44<span class=\"ls0_1\"> </span></div></td><td class=\"c x405 y11c2 w1f h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.911 </div></td></tr><tr><td class=\"c x3f5 y11c3 wff h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles  </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c3 w8f h5c\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.185 </div></td><td class=\"c x402 y11c3 w107 h5c\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c3 w108 h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">172<span class=\"ls0_1\"> </span></div></td><td class=\"c x404 y11c3 w109 h5c\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c3 w103 h5c\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c3 w1f h5c\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.357 </div></td></tr><tr><td></td><td></td><td class=\"c x3f5 y11c4 wff h25\" colspan=\"2\"><div class=\"t_1 m0_1 x43 h58 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ff2\">Total coste  </span></div></td><td></td><td class=\"c x401 y11c4 w8f h25\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">95.214<span class=\"ls0_1\"> </span></div></td><td class=\"c x402 y11c4 w107 h25\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">23.779<span class=\"ff3 ls0_1\"> </span></div></td><td class=\"c x403 y11c4 w108 h25\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">6.148<span class=\"ff3 ls0_1\"> </span></div></td><td class=\"c x404 y11c4 w109 h25\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.567)<span class=\"ff3\"> </span></div></td><td class=\"c x3f9 y11c4 w103 h25\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff3\"> </span></div></td><td class=\"c x405 y11c4 w1f h25\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">121.574<span class=\"ff3 ls0_1\"> </span></div></td></tr><tr><td class=\"c x3f5 y11c5 wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c5 w8f h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(29.656) </div></td><td class=\"c x402 y11c5 w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c5 w108 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.589) </div></td><td class=\"c x404 y11c5 w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c5 w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c5 w1f h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(32.245) </div></td></tr><tr><td class=\"c x3f5 y11c6 wff haa\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c6 w8f haa\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.348) </div></td><td class=\"c x402 y11c6 w107 haa\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c6 w108 haa\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(524) </div></td><td class=\"c x404 y11c6 w109 haa\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">713<span class=\"ls0_1\"> </span></div></td><td class=\"c x3f9 y11c6 w103 haa\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c6 w1f haa\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(14.159) </div></td></tr><tr><td class=\"c x1ca y11c7 w362 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x3ee y11c7 w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3ef y11c7 w364 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x3f0 y11c7 w363 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td class=\"c x3f1 y11c7 w365 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y11c8 w366 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11c9 w8f h86\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.170) </div></td><td class=\"c x402 y11c9 w107 h86\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11c9 w108 h86\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(843) </div></td><td class=\"c x404 y11c9 w109 h86\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11c9 w103 h86\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11c9 w1f h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.013) </div></td></tr><tr><td class=\"c x3f5 y11ca wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11ca w8f h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(475) </div></td><td></td><td class=\"c x403 y11ca w108 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(243) </div></td><td class=\"c x404 y11ca w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11ca w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11ca w1f h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(718) </div></td></tr><tr><td class=\"c x3f5 y11cb wff h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11cb w8f h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.950) </div></td><td class=\"c x402 y11cb w107 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11cb w108 h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(148) </div></td><td class=\"c x404 y11cb w109 h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x3f9 y11cb w103 h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11cb w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.098) </div></td></tr><tr><td></td><td></td><td class=\"c x3f5 y11cc wff h24\" colspan=\"2\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total amortizaciones   </div></td><td></td><td class=\"c x401 y11cc w8f h24\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(49.599) </div></td><td class=\"c x402 y11cc w107 h24\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x403 y11cc w108 h24\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.347) </div></td><td class=\"c x404 y11cc w109 h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">713<span class=\"ls0_1\"> </span></div></td><td class=\"c x3f9 y11cc w103 h24\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11cc w1f h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(53.233) </div></td></tr><tr><td class=\"c x3f5 y11cd wff h24\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioros de valor (Nota 19)  </div></td><td></td><td></td><td></td><td></td><td class=\"c x401 y11cd w8f h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.349) </div></td><td class=\"c x402 y11cd w107 h24\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x404 y11cd w109 h24\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.860<span class=\"ls0_1\"> </span></div></td><td class=\"c x3f9 y11cd w103 h24\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x405 y11cd w1f h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.489) </div></td></tr><tr><td></td><td></td><td class=\"c x3f5 y11ce wff h24\"><div class=\"t_1 m0_1 x4_1 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td></td><td></td><td class=\"c x401 y11ce w8f h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">39.266<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x405 y11ce w1f h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">64.852<span class=\"ls0_1\"> </span></div></td></tr></table>Durante 2025 y 2024 no<span class=\"_ _3\"></span> se han realizado t<span class=\"_ _3\"></span>rabajos efectuados<span class=\"_ _3\"></span> por el Grupo para <span class=\"_ _3\"></span>su inmovilizado intangible.<span class=\"_ _f\"></span>  Los <span class=\"_ _13\"> </span>elem<span class=\"_ _2\"></span>entos <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>inmoviliza<span class=\"_ _3\"></span>do <span class=\"_ _13\"> </span>intangible <span class=\"_ _10\"> </span>totalmente <span class=\"_ _13\"> </span>amortizados <span class=\"_ _13\"> </span>a <span class=\"_ _10\"> </span>31 <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>diciembre <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>202<span class=\"_ _f\"></span>5 <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>2024<span class=\"ls14\">, </span>principalmente gastos de <span class=\"_ _2\"></span>desarrollo y <span class=\"_ _2\"></span>aplicaciones inform\u00e1ticas<span class=\"_ _3\"></span> ascend\u00edan a <span class=\"_ _2\"></span>44.<span class=\"ls10\">129</span> <span class=\"_ _2\"></span><span class=\"ff6\">miles \u20ac <span class=\"_ _2\"></span>y <span class=\"ff3 ls10\">41<span class=\"ls0_1\">.</span>860<span class=\"ls0_1\"> </span></span>m<span class=\"_ _2\"></span>iles \u20ac, </span>respectivamente. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "15.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Fondo de comercio </span></span>El fond<span class=\"_ _3\"></span>o de comercio <span class=\"_ _3\"></span>neto al <span class=\"_ _3\"></span>31 de <span class=\"_ _3\"></span>diciembre de 2025 <span class=\"_ _3\"></span>y 2024 <span class=\"_ _3\"></span>desglosad<span class=\"_ _3\"></span>o por <span class=\"_ _3\"></span>las unidades generadoras<span class=\"_ _3\"></span> de efectivo a las q<span class=\"_ _3\"></span>ue se ha asignado, es el siguient<span class=\"_ _3\"></span>e: <table class=\"s w36c h1a4\" id=\"_075d85a9-3dbd-488b-833f-d0e9ab532762\"><tr><td class=\"c x28c y11cf w10a h6c\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2025 </div></td><td></td><td></td><td class=\"c x406 y11cf w10c h6c\"><div class=\"t_1 m0_1 x4a h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x407 y11d0 w36d h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d0 w36e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro<span class=\"_ _65\"> </span></div></td><td class=\"c x409 y11d0 w36f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor Neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y11d1 w10a hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">UGE asignada </div></td><td class=\"c x40a y11d1 w10b hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tecnolog\u00eda </div></td><td class=\"c x40b y11d2 w370 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comercio<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d2 w32e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 15)<span class=\"_ _65\"> </span></div></td><td class=\"c x40c y11d2 w371 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contable<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y11d4 w372 h1a5\"><div class=\"t_1 m0_1 x1c9 h20 y11d3 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Jaen 16 MW - Ciudad Real 16 MW (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x40a y11d5 w10b h6e\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biomasa </div></td><td class=\"c x406 y11d5 w18 h6e\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">2.737  </span></div></td><td class=\"c x40d y11d5 w51 h6e\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11d5 wb4 h6e\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y11d6 w10a h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometa<span class=\"ls2f\">no</span> La Galera (**) </div></td><td class=\"c x40a y11d6 w10b h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometano </div></td><td class=\"c x406 y11d6 w18 h1d\"><div class=\"t_1 m0_1 x82 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">4.8<span class=\"lsd\">20</span>  </span></div></td><td class=\"c x40d y11d6 w51 h1d\"><div class=\"t_1 m0_1 x19 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y11d6 wb4 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.8<span class=\"lsd\">20</span>  </span></div></td></tr><tr><td></td><td></td><td class=\"c x406 y11d7 w18 h1d\"><div class=\"t_1 m0_1 x82 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">7.557 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x40d y11d7 w51 h1d\"><div class=\"t_1 m0_1 xf h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11d7 wb4 h1d\"><div class=\"t_1 m0_1 x50 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">4.820</span><span class=\"lsd\"> <span class=\"ls0_1\"> </span></span></div></td></tr></table><table class=\"s w36c h1a6\" id=\"_fe907818-d438-447c-bf0d-747ec2b74f56\"><tr><td class=\"c x28c y11d8 w10a h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2024 </div></td><td></td><td></td><td class=\"c x406 y11d8 w10c h6c\"><div class=\"t_1 m0_1 x4a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x407 y11d9 w36d h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11d9 w36e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro<span class=\"_ _65\"> </span></div></td><td class=\"c x409 y11d9 w36f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor Neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y11da w10a hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">UGE asignada </div></td><td class=\"c x40a y11da w10b hb5\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tecnolog\u00eda </div></td><td class=\"c x40b y11db w370 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Comercio<span class=\"_ _65\"> </span></div></td><td class=\"c x408 y11db w32e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 15)<span class=\"_ _65\"> </span></div></td><td class=\"c x40c y11db w371 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contable<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y11d4 w372 h1a7\"><div class=\"t_1 m0_1 x1c9 h20 y11dc ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Jaen 16 MW - Ciudad Real 16 MW (*)<span class=\"_ _65\"> </span></div></td><td class=\"c x40a y11dd w10b h6c\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biomasa </div></td><td class=\"c x406 y11dd w18 h6c\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">2.737  </span></div></td><td class=\"c x40d y11dd w51 h6c\"><div class=\"t_1 m0_1 x31 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11dd wb4 h6c\"><div class=\"t_1 m0_1 xc h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y11de w10a h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometa<span class=\"ls2f\">no</span> La Galera (**) </div></td><td class=\"c x40a y11de w10b h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Biometano </div></td><td class=\"c x406 y11de w18 h1d\"><div class=\"t_1 m0_1 x82 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">4.8<span class=\"lsd\">13</span>  </span></div></td><td class=\"c x40d y11de w51 h1d\"><div class=\"t_1 m0_1 x19 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x3a5 y11de wb4 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.8<span class=\"lsd\">13</span>  </span></div></td></tr><tr><td></td><td></td><td class=\"c x406 y11df w18 h1d\"><div class=\"t_1 m0_1 x82 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">7.55<span class=\"ls0_1\">0</span><span class=\"ls0_1\">  </span></span></div></td><td class=\"c x40d y11df w51 h1d\"><div class=\"t_1 m0_1 xf h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(2.737) </span></div></td><td class=\"c x3a5 y11df wb4 h1d\"><div class=\"t_1 m0_1 x50 h58 y80 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">4.813<span class=\"ls0_1\">  </span></span></div></td></tr></table>(*) <span class=\"_ _f\"></span>Tiene <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>origen <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>ENCE <span class=\"_ _0\"></span>ostenta <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>Energ\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>Loma, <span class=\"_ _0\"></span>S.A. <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> Energ\u00edas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Manch<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>ENEMAN, <span class=\"_ _f\"></span>S.A., <span class=\"_ _f\"></span>sociedades<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>titulares <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>ins<span class=\"_ _3\"></span>talaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>energ\u00eda con biomasa ubicadas en Ja\u00e9n y Ciudad Real y con potencia in<span class=\"_ _3\"></span>stalada de 16 MW cada una de ellas. Al 31 de diciembre de 2025 y 2024<span class=\"_ _3\"></span> se encuentra<span class=\"_ _3\"></span> \u00edntegramente deteriora<span class=\"_ _3\"></span>do (v\u00e9ase Nota 1<span class=\"_ _3\"></span>9<span class=\"ls18\">).</span> (**) <span class=\"_ _10\"></span>Tiene <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _10\"></span>origen <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>la <span class=\"_ _10\"></span>adquisici\u00f3n, <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>2024, <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>particip<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>ENCE <span class=\"_ _10\"> </span>ostenta <span class=\"_ _10\"> </span>en Biometag\u00e1s La Galera, S.L<span class=\"_ _3\"></span>., sociedad tenedora d<span class=\"_ _3\"></span>e una instalaci\u00f3n d<span class=\"_ _3\"></span>e generaci\u00f3n de biometano<span class=\"_ _f\"></span> (v\u00e9ase Nota 6)<span class=\"ls0_1\">. El Grupo<span class=\"_ _3\"></span> ha realizado u<span class=\"_ _3\"></span>n test de <span class=\"_ _3\"></span>deterioro evalu<span class=\"_ _3\"></span>ando la <span class=\"_ _3\"></span>recuperabilidad del <span class=\"_ _3\"></span>fondo de <span class=\"_ _3\"></span>comercio a trav\u00e9s </span>de flujos <span class=\"_ _3\"></span>de efectivo<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>insta<span class=\"_ _3\"></span>laci\u00f3n, <span class=\"_ _3\"></span>actualmente en <span class=\"_ _3\"></span>funcionamiento<span class=\"_ _3\"></span><span class=\"ls14\">, </span>m\u00e1s <span class=\"_ _3\"></span>el valo<span class=\"_ _3\"></span>r d<span class=\"_ _3\"></span>e los <span class=\"_ _3\"></span>proyectos <span class=\"_ _3\"></span>en desarrollo de Biometano considerando comparables de mercado<span class=\"_ _3\"></span>. El valor contable de los activos de la <span class=\"_ _2\"></span>UGE asciende a <span class=\"_ _3\"></span>30,8 <span class=\"_ _3\"></span>millones d<span class=\"_ _3\"></span>e e<span class=\"_ _3\"></span>uros. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>valor recuperab<span class=\"_ _3\"></span>le de l<span class=\"_ _3\"></span>a UGE <span class=\"_ _3\"></span>es sup<span class=\"_ _3\"></span>erior a <span class=\"_ _3\"></span>su v<span class=\"_ _3\"></span>alor neto <span class=\"_ _3\"></span>contable. <span class=\"_ _3\"></span>Las principales hip\u00f3tesis utilizadas son, <span class=\"_ _2\"></span>una WACC <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>espu\u00e9s de <span class=\"_ _2\"></span>impuestos del 6%<span class=\"_ _2\"></span>, los <span class=\"_ _2\"></span>precios fijados en los <span class=\"_ _2\"></span>BPAs firmados y los co<span class=\"_ _3\"></span>stes estimados <span class=\"_ _3\"></span>de operaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "16.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Propiedad, planta y equ<span class=\"_ _2\"></span>ipo </span></span>El  movimiento <span class=\"_ _16\"> </span>habido  en  la<span class=\"_ _3\"></span>s  diferentes  cu<span class=\"_ _3\"></span>entas  de  est<span class=\"_ _3\"></span>e  ep\u00edgrafe  d<span class=\"_ _3\"></span>el  Estado <span class=\"_ _16\"> </span>de  Situaci\u00f3n <span class=\"_ _16\"> </span>Financiera consolidado <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de sus<span class=\"_ _3\"></span> correspondientes <span class=\"_ _3\"></span>amortizaciones <span class=\"_ _3\"></span>acumulad<span class=\"_ _3\"></span>as en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ejercicios 202<span class=\"_ _f\"></span>5 y <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha sid<span class=\"_ _3\"></span>o el siguiente:<span class=\"_ _65\"> </span>Miles de euros Diferencias<span class=\"_ _65\"> </span>31 de diciembre de 2025 Adiciones<span class=\"_ _65\"> </span>de<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>o<span class=\"_ _65\"> </span>Retiros o<span class=\"_ _65\"> </span>conversi\u00f3n<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>01/01/2025<span class=\"_ _65\"> </span>Dotaciones<span class=\"_ _65\"> </span>reducciones<span class=\"_ _65\"> </span>Traspasos  y otros<span class=\"_ _65\"> </span>31/12/2025<span class=\"_ _65\"> </span>Terrenos forestales   <span class=\"ls0_1\">87.872    </span>252   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>   <span class=\"ls0_1\">88.124<span class=\"_ _65\"> </span></span>Otros terrenos   <span class=\"ls0_1\">17.510    </span>525   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>   <span class=\"lsd\">801   <span class=\"ls0_1\"> </span></span>(16)      <span class=\"ls0_1\">18.820    </span>Construcciones   <span class=\"ls0_1\">172.101    </span>-<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span>   <span class=\"ls0_1\">3.571    </span>-<span class=\"ls25\">   </span>   <span class=\"ls0_1\">175.672    </span>Instalaciones t\u00e9cnicas y maquinaria   <span class=\"ls0_1\">1.889.046    </span>8.954    (5.916)    <span class=\"ls0_1\">36.358    </span>(2)      <span class=\"ls0_1\">1.928.440    </span>Otro inmovilizado   <span class=\"ls0_1\">62.089    </span>-<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span>   <span class=\"ls0_1\">2.994    </span>(1)     <span class=\"ls0_1\">65.082    </span>Anticipos e inmovilizado en curso   <span class=\"ls0_1\">59.097    </span>  <span class=\"ls0_1\">97.019    </span>-<span class=\"ls25\">   </span>      <span class=\"ls0_1\">(45.470)    </span>-<span class=\"ls25\">   </span>   <span class=\"ls0_1\">110.646    </span>Derecho de uso (Nota 17)   <span class=\"ls0_1\">71.916    </span>  <span class=\"ls0_1\">15.584    </span>(6.829)           <span class=\"ls0_1\">1.328</span>   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>   <span class=\"ls0_1\">81.999    </span> Total coste    <span class=\"lsd\">2.359.631   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">122.334   <span class=\"ls0_1\"> </span></span>(<span class=\"lsd\">12.745</span>)           <span class=\"ls2e\">(4<span class=\"lsd\">18</span><span class=\"lsd\"><span class=\"ls0_1\">)    </span></span></span>(<span class=\"lsd\">19</span>)      <span class=\"lsd\">2.468.783   <span class=\"ls0_1\"> </span></span>Construcciones (84.406)    (3.<span class=\"lsd\">908</span>)    -<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span> (8<span class=\"ls0_1\">8.<span class=\"lsd\">314</span></span><span class=\"ls0_1\">)    </span>Instalaciones t\u00e9cnicas y maquinaria (1.218.489)    (64.254)      <span class=\"ls0_1\">5.030</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>1<span class=\"ls25\">   </span> (1.277.712)    Otro inmovilizado (38.561)    (3.480)                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span> (42.040)    Derecho de uso (Nota 17) (15.756)    (6.904)      <span class=\"lsd\">2.873</span>  <span class=\"ls0_1\"> </span> -<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span> (19.787)     Total amortizaciones  (1.357.212)    (78.546)      <span class=\"lsd\">7.903</span>   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>   <span class=\"lsd\">1   <span class=\"ls0_1\"> </span></span>(1.427.854)     Deterioros de valor (Nota 19<span class=\"ls2e\">) </span> (<span class=\"lsd\"></span><span class=\"lsd\">27</span>.<span class=\"lsd\">799</span>)    -<span class=\"ls25\">   </span> 906<span class=\"ls25\">   <span class=\"ls0_1\"> </span></span>-<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span> (2<span class=\"ls0_1\">6.<span class=\"lsd\">893</span></span><span class=\"ls0_1\">)    </span> Total Neto  974.620   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">1.014.036   <span class=\"ls0_1\"> </span></span><table class=\"s w37b h1aa\" id=\"_cb7648fb-48d6-4525-9ab8-f225f2d12902\"><tr><td></td><td></td><td class=\"c x421 y11f4 w368 h1ab\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x422 y11f5 w116 h24\"><div class=\"t_1 m0_1 x9b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td><td class=\"c x37a y11f4 w374 h1ab\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Diferencias<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1c5 y11f6 wa5 hbb\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td></td><td class=\"c x423 y11f7 w369 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del<span class=\"_ _65\"> </span></div></td><td class=\"c x424 y11f7 w375 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x425 y11f7 w376 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls2f ws0_1\">de<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x426 y11f8 w35b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x427 y11f8 w36a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro<span class=\"_ _65\"> </span></div></td><td class=\"c x428 y11f8 w377 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls3a ws0_1\">o<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y11f8 w35d h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x37a y11f8 w378 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">conversi\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x429 y11f8 w35e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x42a y11f9 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x42b y11f9 w36b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _65\"> </span></div></td><td class=\"c x42c y11f9 w379 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x42d y11f9 w361 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td class=\"c x37d y11f6 w117 hbb\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos  </div></td><td class=\"c x42e y11f9 w2e3 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x42f y11f9 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1c5 y11fa wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos forestales </div></td><td class=\"c x33c y11fa w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">87.856    </div></td><td class=\"c x430 y11fa wca h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x431 y11fa w111 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16   <span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y11fa wba h24\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37d y11fa w117 h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y11fa w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y11fa w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">87.872    </div></td></tr><tr><td class=\"c x1c5 y11fb wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros terrenos </div></td><td class=\"c x33c y11fb w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16.705    </div></td><td class=\"c x430 y11fb wca h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">161   <span class=\"ls0_1\"> </span></div></td><td class=\"c x431 y11fb w111 h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">238   <span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y11fb wba h24\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37d y11fb w117 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">398 <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y11fb w75 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">8   <span class=\"ls0_1\"> </span></div></td><td class=\"c x432 y11fb w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.510    </div></td></tr><tr><td class=\"c x1c5 y11fc wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x33c y11fc w1f h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">166.250    </div></td><td class=\"c x430 y11fc wca h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.970    </div></td><td class=\"c x431 y11fc w111 h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">160   <span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y11fc wba h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(302)    </div></td><td class=\"c x37d y11fc w117 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.023  </div></td><td class=\"c x37e y11fc w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y11fc w112 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">172.101    </div></td></tr><tr><td class=\"c x1c5 y11fd wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas y maquinaria </div></td><td class=\"c x33c y11fd w1f h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.878.461    </div></td><td class=\"c x430 y11fd wca h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">423   <span class=\"ls0_1\"> </span></div></td><td class=\"c x431 y11fd w111 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.821    </div></td><td class=\"c x36e y11fd wba h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16.700)    </div></td><td class=\"c x37d y11fd w117 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">25.036  </div></td><td class=\"c x37e y11fd w75 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5   <span class=\"ls0_1\"> </span></div></td><td class=\"c x432 y11fd w112 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.889.046    </div></td></tr><tr><td class=\"c x1c5 y11fe wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado </div></td><td class=\"c x33c y11fe w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.599    </div></td><td class=\"c x430 y11fe wca h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">85   <span class=\"ls0_1\"> </span></div></td><td class=\"c x431 y11fe w111 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x36e y11fe wba h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.622)    </div></td><td class=\"c x37d y11fe w117 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.026  </div></td><td class=\"c x37e y11fe w75 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">1   <span class=\"ls0_1\"> </span></div></td><td class=\"c x432 y11fe w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">62.089    </div></td></tr><tr><td class=\"c x1c5 y11ff wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos e inmovilizado en curso </div></td><td class=\"c x33c y11ff w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.642    </div></td><td class=\"c x430 y11ff wca h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x431 y11ff w111 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">54.828    </div></td><td class=\"c x36e y11ff wba h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.235)    </div></td><td class=\"c x37d y11ff w117 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(38.138)    </div></td><td class=\"c x37e y11ff w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y11ff w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.097    </div></td></tr><tr><td class=\"c x1c5 y1200 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derecho de uso (Nota 17) </div></td><td class=\"c x33c y1200 w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">53.928    </div></td><td class=\"c x430 y1200 wca h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.565    </div></td><td class=\"c x431 y1200 w111 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.347    </div></td><td class=\"c x36e y1200 wba h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.183)    </div></td><td class=\"c x37d y1200 w117 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.259  </div></td><td class=\"c x37e y1200 w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y1200 w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">71.916    </div></td></tr><tr><td class=\"c x1c5 y1201 wa5 h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total coste  </div></td><td class=\"c x33c y1201 w1f h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.306.441   <span class=\"ls0_1\"> </span></div></td><td class=\"c x430 y1201 wca h24\"><div class=\"t_1 m0_1 x11 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.204   <span class=\"ls0_1\"> </span></div></td><td class=\"c x431 y1201 w111 h24\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">69.410   <span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y1201 wba h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.042)    </div></td><td class=\"c x37d y1201 w117 h24\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">604 <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1201 w75 h24\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14   <span class=\"ls0_1\"> </span></div></td><td class=\"c x432 y1201 w112 h24\"><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.359.631   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1c5 y1202 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x33c y1202 w1f h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(78.818)    </div></td><td class=\"c x430 y1202 wca h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(738)    </div></td><td class=\"c x431 y1202 w111 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.152)    </div></td><td class=\"c x36e y1202 wba h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">302   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y1202 w117 h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y1202 w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y1202 w112 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(84.406)    </div></td></tr><tr><td class=\"c x1c5 y1203 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas y maquinaria </div></td><td class=\"c x33c y1203 w1f h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.157.573)    </div></td><td class=\"c x430 y1203 wca h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(107)    </div></td><td class=\"c x431 y1203 w111 h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(73.984)    </div></td><td class=\"c x36e y1203 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.180    </div></td><td class=\"c x37d y1203 w117 h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y1203 w75 h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5)    </div></td><td class=\"c x432 y1203 w112 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.218.489)    </div></td></tr><tr><td class=\"c x1c5 y1204 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado </div></td><td class=\"c x33c y1204 w1f h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(36.997)    </div></td><td class=\"c x430 y1204 wca h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(73)    </div></td><td class=\"c x431 y1204 w111 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.036)    </div></td><td class=\"c x36e y1204 wba h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.531    </div></td><td class=\"c x37d y1204 w117 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1204 w75 h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1)    </div></td><td class=\"c x432 y1204 w112 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(38.561)    </div></td></tr><tr><td class=\"c x1c5 y1205 wa5 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derecho de uso (Nota 17) </div></td><td class=\"c x33c y1205 w1f h5c\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.637)    </div></td><td class=\"c x430 y1205 wca h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(454)    </div></td><td class=\"c x431 y1205 w111 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.917)    </div></td><td class=\"c x36e y1205 wba h5c\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.252    </div></td><td class=\"c x37d y1205 w117 h5c\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y1205 w75 h5c\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y1205 w112 h5c\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(15.756)    </div></td></tr><tr><td class=\"c x1c5 y1206 wa5 h24\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total amortizaciones  </div></td><td class=\"c x33c y1206 w1f h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.285.025)    </div></td><td class=\"c x430 y1206 wca h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.372)    </div></td><td class=\"c x431 y1206 w111 h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(87.089)    </div></td><td class=\"c x36e y1206 wba h24\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">16.265   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y1206 w117 h24\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1206 w75 h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6)    </div></td><td class=\"c x432 y1206 w112 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.357.212)    </div></td></tr><tr><td class=\"c x1c5 y1207 wa5 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioros de valor (Nota 19)  </div></td><td class=\"c x33c y1207 w1f h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(32.417)    </div></td><td class=\"c x430 y1207 wca h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x431 y1207 w111 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(228)    </div></td><td class=\"c x36e y1207 wba h24\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.846   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y1207 w117 h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y1207 w75 h24\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y1207 w112 h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(27.799)    </div></td></tr><tr><td class=\"c x1c5 y1208 wa5 h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total Neto  </div></td><td class=\"c x33c y1208 w1f h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">988.999   <span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x432 y1208 w112 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">974.620   <span class=\"ls0_1\"> </span></div></td></tr></table>Los activos<span class=\"_ _3\"></span> productivos del Grupo s<span class=\"_ _3\"></span>e ubican <span class=\"_ _3\"></span>mayoritariamente en Es<span class=\"_ _3\"></span>pa\u00f1a.<span class=\"_ _65\"> </span>16.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Adiciones </span></span>El <span class=\"_ _13\"> </span>Grupo  ha <span class=\"_ _13\"> </span>acometido <span class=\"_ _13\"> </span>inversiones <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>sus  plantas <span class=\"_ _13\"> </span>productivas <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>Negocios <span class=\"_ _13\"> </span>Celulosa  y <span class=\"_ _13\"> </span>Renovables orientadas <span class=\"_ _3\"></span>a mejorar <span class=\"_ _3\"></span>la eficiencia del <span class=\"_ _3\"></span>proceso <span class=\"_ _3\"></span>productivo, a <span class=\"_ _3\"></span>optimizar la <span class=\"_ _3\"></span>generaci\u00f3n d<span class=\"_ _3\"></span>e energ\u00eda el\u00e9ctrica <span class=\"_ _3\"></span>y a mejorar en el cuidado<span class=\"_ _3\"></span> al medio ambiente. Su d<span class=\"_ _3\"></span>esglos<span class=\"_ _3\"></span>e es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w37c h1ac\" id=\"_b03ebacb-6bf4-4945-9ad8-835f2c7c8fb4\"><tr><td></td><td></td><td class=\"c x434 y1209 w119 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td></tr><tr><td></td><td class=\"c x434 y120a w11a h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x435 y120a w11b h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x436 y120b w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa: </div></td><td></td><td></td></tr><tr><td class=\"c x436 y120c w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">Pontevedra y corporativo </span></div></td><td class=\"c x434 y120c w11a h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.250 </div></td><td class=\"c x435 y120c w11b h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.138 </div></td></tr><tr><td class=\"c x436 y120d w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">Navia </span></div></td><td class=\"c x434 y120d w11a h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">60.073 </div></td><td class=\"c x435 y120d w11b h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">21.533 </div></td></tr><tr><td class=\"c x436 y120e w118 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">Otros </span></div></td><td class=\"c x434 y120e w11a h5c\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.<span class=\"lsd\">058</span> </div></td><td class=\"c x435 y120e w11b h5c\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.170 </div></td></tr><tr><td class=\"c x436 y120f w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Energ\u00eda Renovable: </div></td><td></td><td></td></tr><tr><td class=\"c x436 y1210 w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">Huelva - 46 MW  </span></div></td><td class=\"c x434 y1210 w11a h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.550 </div></td><td class=\"c x435 y1210 w11b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.175 </div></td></tr><tr><td class=\"c x436 y1211 w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">Huelva - 50 MW </span></div></td><td class=\"c x434 y1211 w11a h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.036 </div></td><td class=\"c x435 y1211 w11b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.969 </div></td></tr><tr><td class=\"c x436 y1212 w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">Puertollano <span class=\"ff6\">\u2013</span> 50 MW </span></div></td><td class=\"c x434 y1212 w11a h24\"><div class=\"t_1 m0_1 x17 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">821<span class=\"ls0_1\"> </span></div></td><td class=\"c x435 y1212 w11b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.839 </div></td></tr><tr><td class=\"c x436 y1213 w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">Calor Industrial </span></div></td><td class=\"c x434 y1213 w11a h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.465 </div></td><td class=\"c x435 y1213 w11b h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x436 y1214 w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">Otros </span></div></td><td class=\"c x434 y1214 w11a h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.497 </div></td><td class=\"c x435 y1214 w11b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.239 </div></td></tr><tr><td class=\"c x436 y1215 w118 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subtotal  </div></td><td class=\"c x434 y1215 w11a h24\"><div class=\"t_1 m0_1 x44 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">106.750<span class=\"ls0_1\"> </span></div></td><td class=\"c x435 y1215 w11b h24\"><div class=\"t_1 m0_1 x18 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">57.063<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x436 y1216 w118 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de uso (ver Nota 17) </div></td><td class=\"c x434 y1216 w11a h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.584 </div></td><td class=\"c x435 y1216 w11b h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.347 </div></td></tr><tr><td></td><td class=\"c x434 y1217 w11a h24\"><div class=\"t_1 m0_1 x44 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">122.334<span class=\"ls0_1\"> </span></div></td><td class=\"c x435 y1217 w11b h24\"><div class=\"t_1 m0_1 x18 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">69.410<span class=\"ls0_1\"> </span></div></td></tr></table>La biof\u00e1b<span class=\"_ _3\"></span>rica de <span class=\"_ _3\"></span>Navia incluye <span class=\"_ _3\"></span>entre su<span class=\"_ _3\"></span>s inversiones <span class=\"_ _3\"></span>el mayor cos<span class=\"_ _3\"></span>te relativo <span class=\"_ _3\"></span>al proyecto <span class=\"_ _3\"></span>Navia <span class=\"_ _3\"></span>80 finalizado en 2019 por <span class=\"ff6\">importe de 7,7 m<span class=\"_ _3\"></span>illones \u20ac como consecuencia <span class=\"_ _3\"></span>de la resoluci\u00f3n arbitra<span class=\"_ _3\"></span>l de fecha 17 de junio en </span>la que se ins<span class=\"_ _3\"></span>ta al Grupo <span class=\"_ _3\"></span><span class=\"ff6\">al pago de 15,3 Mn\u20ac de los q<span class=\"_ _3\"></span>ue ya se encontraban<span class=\"_ _3\"></span> re</span>gistrad<span class=\"_ _3\"></span>os <span class=\"ff6\">7,6 Mn\u20ac</span>.<span class=\"_ _3\"></span> Adicionalmente, <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>biof\u00e1brica <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Nav<span class=\"_ _3\"></span>ia <span class=\"_ _10\"> </span>incluye <span class=\"_ _10\"> </span>entre <span class=\"_ _10\"></span>sus <span class=\"_ _10\"> </span>inversiones<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ejecutadas<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>ejercicio <span class=\"_ _10\"></span>2025 <span class=\"_ _10\"></span>la adaptaci\u00f3n <span class=\"_ _f\"></span>del p<span class=\"_ _3\"></span>roceso <span class=\"_ _3\"></span>productivo <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>producir <span class=\"_ _3\"></span>celulosa <span class=\"_ _f\"></span>Fluff con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>inversi\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>14,5 <span class=\"_ _3\"></span><span class=\"ff6\">Mn\u20ac</span>. <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>diversos proyectos de d<span class=\"_ _3\"></span>escarbonizaci\u00f3n por importe de 16,6 Mn<span class=\"_ _3\"></span>\u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Por <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>tro <span class=\"_ _3\"></span>lad<span class=\"_ _3\"></span>o, <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span><span class=\"ff6\">urante <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>import<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>registra<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>este <span class=\"_ _f\"></span>concepto <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>ciende <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>6.143 <span class=\"_ _3\"></span>miles <span class=\"_ _f\"></span>\u20ac </span>(5.864  m<span class=\"_ _2\"></span>iles  \u20ac <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>2024), <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>registra <span class=\"_ _13\"> </span>dentro <span class=\"_ _13\"> </span>del  ep\u00edgrafe <span class=\"_ _13\"> </span>\u201cTrabajos <span class=\"_ _13\"> </span>realizados  por <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>su inmovilizado\u201d del E<span class=\"_ _3\"></span>stado de Resultado con<span class=\"_ _3\"></span>solidado<span class=\"_ _3\"></span><span class=\"ff3\">. </span>16.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Co<span class=\"_ _3\"></span>mpromis<span class=\"_ _2\"></span>os de inversi\u00f3n </span></span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>ha <span class=\"_ _3\"></span>comprometido <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>versiones <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>ser\u00e1n <span class=\"_ _3\"></span>ejecuta<span class=\"_ _3\"></span>das <span class=\"_ _f\"></span>en el <span class=\"_ _f\"></span>futuro <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or un importe de, ap<span class=\"_ _3\"></span>roximadamente,<span class=\"_ _3\"></span> 70,6 millones <span class=\"ff6\">\u20ac</span>.<span class=\"_ _65\"> </span>16.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Bi<span class=\"_ _3\"></span>enes t<span class=\"_ _2\"></span>otalmente amorti<span class=\"_ _2\"></span>zados  </span></span>Al <span class=\"_ _10\"> </span>cierr<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>ejercicios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>20<span class=\"_ _3\"></span>25 <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>2024 <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo <span class=\"_ _13\"> </span>ten\u00eda <span class=\"_ _10\"> </span>el<span class=\"_ _3\"></span>ementos <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>inmovilizado <span class=\"_ _13\"> </span>material <span class=\"_ _10\"> </span>totalmente amortizados q<span class=\"_ _3\"></span>ue segu\u00edan en uso conforme al s<span class=\"_ _3\"></span>iguiente detalle:<table class=\"s w37d h1ad\" id=\"_d623f9a9-1dd8-4b8c-b0d2-d02f8ec9bb4b\"><tr><td class=\"c x438 y1218 w91 h51\"><div class=\"t_1 m0_1 x3a h20 y62b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x439 y1218 w6c h51\"><div class=\"t_1 m0_1 x86 h20 y62b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x43a y1218 wf0 h51\"><div class=\"t_1 m0_1 x86 h20 y62b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x438 y1219 w91 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x439 y1219 w6c h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.144 </div></td><td class=\"c x43a y1219 wf0 h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">35.071 </div></td></tr><tr><td class=\"c x438 y121a w91 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas </div></td><td class=\"c x439 y121a w6c h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">196.594 </div></td><td class=\"c x43a y121a wf0 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">114.268 </div></td></tr><tr><td class=\"c x438 y121b w91 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Maquinaria </div></td><td class=\"c x439 y121b w6c h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">412.640 </div></td><td class=\"c x43a y121b wf0 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">334.725 </div></td></tr><tr><td class=\"c x438 y121c w91 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Utillaje </div></td><td class=\"c x439 y121c w6c h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">827<span class=\"ls0_1\"> </span></div></td><td class=\"c x43a y121c wf0 h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">722<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x438 y121d w91 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mobiliario </div></td><td class=\"c x439 y121d w6c h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.304 </div></td><td class=\"c x43a y121d wf0 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.240 </div></td></tr><tr><td class=\"c x438 y121e w91 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros  </div></td><td class=\"c x439 y121e w6c h66\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.221 </div></td><td class=\"c x43a y121e wf0 h66\"><div class=\"t_1 m0_1 x2f h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.138 </div></td></tr><tr><td></td><td class=\"c x439 y121f w6c h7f\"><div class=\"t_1 m0_1 xe h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">667.730<span class=\"ls0_1\"> </span></div></td><td class=\"c x43a y121f wf0 h7f\"><div class=\"t_1 m0_1 xe h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">498.164<span class=\"ff3 ls0_1\"> </span></div></td></tr></table>16.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Revalorizaciones </span></span>Al <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ene<span class=\"_ _3\"></span>ro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2004, <span class=\"_ _10\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transici\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>NIIF<span class=\"_ _3\"></span>-UE, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>actualizaron <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>suelos <span class=\"_ _0\"></span>forestales <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>valor razonable. Dicho valor <span class=\"_ _2\"></span>fue <span class=\"_ _2\"></span>determinado por <span class=\"_ _2\"></span>tasadores expertos e <span class=\"_ _2\"></span>independientes y <span class=\"_ _2\"></span>se considera <span class=\"_ _2\"></span>como coste hist\u00f3rico <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>referencia <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>acu<span class=\"_ _3\"></span>erdo <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>lo <span class=\"_ _13\"> </span>establecido <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>Normas <span class=\"_ _13\"> </span>Internacionales <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Contabilidad. <span class=\"_ _10\"> </span>La<span class=\"_ _3\"></span> plusval\u00eda <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>revaloriza<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>asciende <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>54.102 <span class=\"_ _f\"></span>miles \u20ac <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de diciembre<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e 2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span><span class=\"ff3\">5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2024<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el </span>ep\u00edgrafe \u201cAjustes en pat<span class=\"_ _3\"></span>rimonio por v<span class=\"_ _3\"></span>aloraci\u00f3n\u201d del patrimon<span class=\"_ _3\"></span>io neto (v\u00e9ase Nota 21.6).<span class=\"_ _65\"> </span>16.5<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Pol\u00edtica de seguros </span></span>La <span class=\"_ _3\"></span>pol\u00edtica <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _3\"></span>es formalizar <span class=\"_ _3\"></span>p\u00f3lizas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>seguro <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>cubrir <span class=\"_ _3\"></span>los po<span class=\"_ _3\"></span>sibles <span class=\"_ _3\"></span>riesgos <span class=\"_ _3\"></span>a que <span class=\"_ _3\"></span>est\u00e1n <span class=\"_ _3\"></span>sujetos <span class=\"_ _3\"></span>los diversos <span class=\"_ _f\"></span>elementos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>su <span class=\"_ _3\"></span>inmovilizado <span class=\"_ _f\"></span>material. <span class=\"_ _3\"></span>Los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Administra<span class=\"_ _3\"></span>dores <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Dominante, <span class=\"_ _f\"></span>as\u00ed <span class=\"_ _f\"></span>como sus <span class=\"_ _10\"></span>asesores <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>esta <span class=\"_ _0\"></span>materia, <span class=\"_ _10\"></span>estiman <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>cobertura<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>estos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>riesgos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>202<span class=\"_ _3\"></span>5 <span class=\"_ _10\"></span>es adecuada.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "16.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Propiedad, planta y equ<span class=\"_ _2\"></span>ipo </span></span>El  movimiento <span class=\"_ _16\"> </span>habido  en  la<span class=\"_ _3\"></span>s  diferentes  cu<span class=\"_ _3\"></span>entas  de  est<span class=\"_ _3\"></span>e  ep\u00edgrafe  d<span class=\"_ _3\"></span>el  Estado <span class=\"_ _16\"> </span>de  Situaci\u00f3n <span class=\"_ _16\"> </span>Financiera consolidado <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de sus<span class=\"_ _3\"></span> correspondientes <span class=\"_ _3\"></span>amortizaciones <span class=\"_ _3\"></span>acumulad<span class=\"_ _3\"></span>as en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ejercicios 202<span class=\"_ _f\"></span>5 y <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>ha sid<span class=\"_ _3\"></span>o el siguiente:<span class=\"_ _65\"> </span>Miles de euros Diferencias<span class=\"_ _65\"> </span>31 de diciembre de 2025 Adiciones<span class=\"_ _65\"> </span>de<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>o<span class=\"_ _65\"> </span>Retiros o<span class=\"_ _65\"> </span>conversi\u00f3n<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>01/01/2025<span class=\"_ _65\"> </span>Dotaciones<span class=\"_ _65\"> </span>reducciones<span class=\"_ _65\"> </span>Traspasos  y otros<span class=\"_ _65\"> </span>31/12/2025<span class=\"_ _65\"> </span>Terrenos forestales   <span class=\"ls0_1\">87.872    </span>252   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>   <span class=\"ls0_1\">88.124<span class=\"_ _65\"> </span></span>Otros terrenos   <span class=\"ls0_1\">17.510    </span>525   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>   <span class=\"lsd\">801   <span class=\"ls0_1\"> </span></span>(16)      <span class=\"ls0_1\">18.820    </span>Construcciones   <span class=\"ls0_1\">172.101    </span>-<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span>   <span class=\"ls0_1\">3.571    </span>-<span class=\"ls25\">   </span>   <span class=\"ls0_1\">175.672    </span>Instalaciones t\u00e9cnicas y maquinaria   <span class=\"ls0_1\">1.889.046    </span>8.954    (5.916)    <span class=\"ls0_1\">36.358    </span>(2)      <span class=\"ls0_1\">1.928.440    </span>Otro inmovilizado   <span class=\"ls0_1\">62.089    </span>-<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span>   <span class=\"ls0_1\">2.994    </span>(1)     <span class=\"ls0_1\">65.082    </span>Anticipos e inmovilizado en curso   <span class=\"ls0_1\">59.097    </span>  <span class=\"ls0_1\">97.019    </span>-<span class=\"ls25\">   </span>      <span class=\"ls0_1\">(45.470)    </span>-<span class=\"ls25\">   </span>   <span class=\"ls0_1\">110.646    </span>Derecho de uso (Nota 17)   <span class=\"ls0_1\">71.916    </span>  <span class=\"ls0_1\">15.584    </span>(6.829)           <span class=\"ls0_1\">1.328</span>   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>   <span class=\"ls0_1\">81.999    </span> Total coste    <span class=\"lsd\">2.359.631   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">122.334   <span class=\"ls0_1\"> </span></span>(<span class=\"lsd\">12.745</span>)           <span class=\"ls2e\">(4<span class=\"lsd\">18</span><span class=\"lsd\"><span class=\"ls0_1\">)    </span></span></span>(<span class=\"lsd\">19</span>)      <span class=\"lsd\">2.468.783   <span class=\"ls0_1\"> </span></span>Construcciones (84.406)    (3.<span class=\"lsd\">908</span>)    -<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span> (8<span class=\"ls0_1\">8.<span class=\"lsd\">314</span></span><span class=\"ls0_1\">)    </span>Instalaciones t\u00e9cnicas y maquinaria (1.218.489)    (64.254)      <span class=\"ls0_1\">5.030</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>1<span class=\"ls25\">   </span> (1.277.712)    Otro inmovilizado (38.561)    (3.480)                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span> (42.040)    Derecho de uso (Nota 17) (15.756)    (6.904)      <span class=\"lsd\">2.873</span>  <span class=\"ls0_1\"> </span> -<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span> (19.787)     Total amortizaciones  (1.357.212)    (78.546)      <span class=\"lsd\">7.903</span>   <span class=\"ls0_1\"> </span>-<span class=\"ls25\">   </span>   <span class=\"lsd\">1   <span class=\"ls0_1\"> </span></span>(1.427.854)     Deterioros de valor (Nota 19<span class=\"ls2e\">) </span> (<span class=\"lsd\"></span><span class=\"lsd\">27</span>.<span class=\"lsd\">799</span>)    -<span class=\"ls25\">   </span> 906<span class=\"ls25\">   <span class=\"ls0_1\"> </span></span>-<span class=\"ls25\">   </span> -<span class=\"ls25\">   </span> (2<span class=\"ls0_1\">6.<span class=\"lsd\">893</span></span><span class=\"ls0_1\">)    </span> Total Neto  974.620   <span class=\"ls0_1\"> </span>  <span class=\"lsd\">1.014.036   <span class=\"ls0_1\"> </span></span><table class=\"s w37b h1aa\" id=\"_cb7648fb-48d6-4525-9ab8-f225f2d12902\"><tr><td></td><td></td><td class=\"c x421 y11f4 w368 h1ab\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x422 y11f5 w116 h24\"><div class=\"t_1 m0_1 x9b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td><td class=\"c x37a y11f4 w374 h1ab\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Diferencias<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1c5 y11f6 wa5 hbb\"><div class=\"t_1 m0_1 x10 h20 y62e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td></td><td class=\"c x423 y11f7 w369 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del<span class=\"_ _65\"> </span></div></td><td class=\"c x424 y11f7 w375 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x425 y11f7 w376 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls2f ws0_1\">de<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x426 y11f8 w35b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x427 y11f8 w36a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro<span class=\"_ _65\"> </span></div></td><td class=\"c x428 y11f8 w377 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls3a ws0_1\">o<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y11f8 w35d h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x37a y11f8 w378 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">conversi\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x429 y11f8 w35e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x42a y11f9 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x42b y11f9 w36b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _65\"> </span></div></td><td class=\"c x42c y11f9 w379 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x42d y11f9 w361 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td class=\"c x37d y11f6 w117 hbb\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos  </div></td><td class=\"c x42e y11f9 w2e3 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x42f y11f9 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1c5 y11fa wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos forestales </div></td><td class=\"c x33c y11fa w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">87.856    </div></td><td class=\"c x430 y11fa wca h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x431 y11fa w111 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16   <span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y11fa wba h24\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37d y11fa w117 h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y11fa w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y11fa w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">87.872    </div></td></tr><tr><td class=\"c x1c5 y11fb wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros terrenos </div></td><td class=\"c x33c y11fb w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16.705    </div></td><td class=\"c x430 y11fb wca h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">161   <span class=\"ls0_1\"> </span></div></td><td class=\"c x431 y11fb w111 h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">238   <span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y11fb wba h24\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37d y11fb w117 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">398 <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y11fb w75 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">8   <span class=\"ls0_1\"> </span></div></td><td class=\"c x432 y11fb w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.510    </div></td></tr><tr><td class=\"c x1c5 y11fc wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x33c y11fc w1f h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">166.250    </div></td><td class=\"c x430 y11fc wca h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.970    </div></td><td class=\"c x431 y11fc w111 h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">160   <span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y11fc wba h24\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(302)    </div></td><td class=\"c x37d y11fc w117 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.023  </div></td><td class=\"c x37e y11fc w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y11fc w112 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">172.101    </div></td></tr><tr><td class=\"c x1c5 y11fd wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas y maquinaria </div></td><td class=\"c x33c y11fd w1f h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.878.461    </div></td><td class=\"c x430 y11fd wca h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">423   <span class=\"ls0_1\"> </span></div></td><td class=\"c x431 y11fd w111 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.821    </div></td><td class=\"c x36e y11fd wba h24\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16.700)    </div></td><td class=\"c x37d y11fd w117 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">25.036  </div></td><td class=\"c x37e y11fd w75 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">5   <span class=\"ls0_1\"> </span></div></td><td class=\"c x432 y11fd w112 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.889.046    </div></td></tr><tr><td class=\"c x1c5 y11fe wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado </div></td><td class=\"c x33c y11fe w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.599    </div></td><td class=\"c x430 y11fe wca h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">85   <span class=\"ls0_1\"> </span></div></td><td class=\"c x431 y11fe w111 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x36e y11fe wba h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.622)    </div></td><td class=\"c x37d y11fe w117 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.026  </div></td><td class=\"c x37e y11fe w75 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">1   <span class=\"ls0_1\"> </span></div></td><td class=\"c x432 y11fe w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">62.089    </div></td></tr><tr><td class=\"c x1c5 y11ff wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos e inmovilizado en curso </div></td><td class=\"c x33c y11ff w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.642    </div></td><td class=\"c x430 y11ff wca h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x431 y11ff w111 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">54.828    </div></td><td class=\"c x36e y11ff wba h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.235)    </div></td><td class=\"c x37d y11ff w117 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(38.138)    </div></td><td class=\"c x37e y11ff w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y11ff w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.097    </div></td></tr><tr><td class=\"c x1c5 y1200 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derecho de uso (Nota 17) </div></td><td class=\"c x33c y1200 w1f h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">53.928    </div></td><td class=\"c x430 y1200 wca h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.565    </div></td><td class=\"c x431 y1200 w111 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.347    </div></td><td class=\"c x36e y1200 wba h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.183)    </div></td><td class=\"c x37d y1200 w117 h24\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.259  </div></td><td class=\"c x37e y1200 w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y1200 w112 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">71.916    </div></td></tr><tr><td class=\"c x1c5 y1201 wa5 h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total coste  </div></td><td class=\"c x33c y1201 w1f h24\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.306.441   <span class=\"ls0_1\"> </span></div></td><td class=\"c x430 y1201 wca h24\"><div class=\"t_1 m0_1 x11 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.204   <span class=\"ls0_1\"> </span></div></td><td class=\"c x431 y1201 w111 h24\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">69.410   <span class=\"ls0_1\"> </span></div></td><td class=\"c x36e y1201 wba h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(24.042)    </div></td><td class=\"c x37d y1201 w117 h24\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">604 <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1201 w75 h24\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14   <span class=\"ls0_1\"> </span></div></td><td class=\"c x432 y1201 w112 h24\"><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.359.631   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1c5 y1202 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></td><td class=\"c x33c y1202 w1f h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(78.818)    </div></td><td class=\"c x430 y1202 wca h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(738)    </div></td><td class=\"c x431 y1202 w111 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.152)    </div></td><td class=\"c x36e y1202 wba h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">302   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y1202 w117 h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y1202 w75 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y1202 w112 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(84.406)    </div></td></tr><tr><td class=\"c x1c5 y1203 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas y maquinaria </div></td><td class=\"c x33c y1203 w1f h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.157.573)    </div></td><td class=\"c x430 y1203 wca h24\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(107)    </div></td><td class=\"c x431 y1203 w111 h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(73.984)    </div></td><td class=\"c x36e y1203 wba h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.180    </div></td><td class=\"c x37d y1203 w117 h24\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y1203 w75 h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5)    </div></td><td class=\"c x432 y1203 w112 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.218.489)    </div></td></tr><tr><td class=\"c x1c5 y1204 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado </div></td><td class=\"c x33c y1204 w1f h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(36.997)    </div></td><td class=\"c x430 y1204 wca h24\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(73)    </div></td><td class=\"c x431 y1204 w111 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.036)    </div></td><td class=\"c x36e y1204 wba h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.531    </div></td><td class=\"c x37d y1204 w117 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1204 w75 h24\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1)    </div></td><td class=\"c x432 y1204 w112 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(38.561)    </div></td></tr><tr><td class=\"c x1c5 y1205 wa5 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derecho de uso (Nota 17) </div></td><td class=\"c x33c y1205 w1f h5c\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.637)    </div></td><td class=\"c x430 y1205 wca h5c\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(454)    </div></td><td class=\"c x431 y1205 w111 h5c\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.917)    </div></td><td class=\"c x36e y1205 wba h5c\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.252    </div></td><td class=\"c x37d y1205 w117 h5c\"><div class=\"t_1 m0_1 x4a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y1205 w75 h5c\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y1205 w112 h5c\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(15.756)    </div></td></tr><tr><td class=\"c x1c5 y1206 wa5 h24\"><div class=\"t_1 m0_1 x1e h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total amortizaciones  </div></td><td class=\"c x33c y1206 w1f h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.285.025)    </div></td><td class=\"c x430 y1206 wca h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.372)    </div></td><td class=\"c x431 y1206 w111 h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(87.089)    </div></td><td class=\"c x36e y1206 wba h24\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">16.265   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y1206 w117 h24\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37e y1206 w75 h24\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6)    </div></td><td class=\"c x432 y1206 w112 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.357.212)    </div></td></tr><tr><td class=\"c x1c5 y1207 wa5 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioros de valor (Nota 19)  </div></td><td class=\"c x33c y1207 w1f h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(32.417)    </div></td><td class=\"c x430 y1207 wca h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x431 y1207 w111 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(228)    </div></td><td class=\"c x36e y1207 wba h24\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.846   <span class=\"ls0_1\"> </span></div></td><td class=\"c x37d y1207 w117 h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x37e y1207 w75 h24\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x432 y1207 w112 h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(27.799)    </div></td></tr><tr><td class=\"c x1c5 y1208 wa5 h24\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total Neto  </div></td><td class=\"c x33c y1208 w1f h24\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">988.999   <span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x432 y1208 w112 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">974.620   <span class=\"ls0_1\"> </span></div></td></tr></table>Los activos<span class=\"_ _3\"></span> productivos del Grupo s<span class=\"_ _3\"></span>e ubican <span class=\"_ _3\"></span>mayoritariamente en Es<span class=\"_ _3\"></span>pa\u00f1a.<span class=\"_ _65\"> </span>18.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Activos biol\u00f3gicos  </span></span>En <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ep\u00edgraf<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>\u201cActivos <span class=\"_ _f\"></span>biol\u00f3gicos\u201d <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>incluyen <span class=\"_ _f\"></span>exclusivamente <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>vuelos <span class=\"_ _f\"></span>forestales <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo, <span class=\"_ _f\"></span>ya <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>los terrenos <span class=\"_ _2\"></span>propiedad <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Grupo,<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>ubican<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>vuelos <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>presentan <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _d\"></span>\u201c<span class=\"_ _3\"></span>Propiedad, <span class=\"_ _2\"></span>planta y equipo <span class=\"ff6\">\u2013</span> <span class=\"ff6\">terrenos<span class=\"_ _3\"></span> forestales\u201d. Su v<span class=\"_ _3\"></span>ari</span>aci\u00f3n du<span class=\"_ _3\"></span>rante los ejercicios 2025 y 2024 h<span class=\"_ _3\"></span>a sido la siguient<span class=\"_ _3\"></span>e:<div class=\"gs31\"><table class=\"s w389 h1b7\" id=\"_d435c60e-9947-4814-9b60-535044e0e110\"><tr><td></td><td></td><td></td><td class=\"c x481 y1267 w134 h37\"><div class=\"t_1 m0_1 x6d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td class=\"c x482 y1268 wa5 h91\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2025 </div></td><td class=\"c x483 y1269 w35b h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x484 y1269 w35c h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _65\"> </span></div></td><td class=\"c x485 y1269 w35d h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x486 y1269 w35e h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x487 y126a w38a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td><td class=\"c x488 y126a w360 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x489 y126a w361 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td class=\"c x48a y126a w38b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x482 y126b wa5 h37\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x482 y126c wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales </div></td><td class=\"c x481 y126c w135 h37\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">133.350    </span></div></td><td class=\"c x48b y126c w112 h37\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.643    </span></div></td><td class=\"c x48c y126c w136 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(4.887)    </span></div></td><td class=\"c x480 y126c w137 h37\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">135.106    </span></div></td></tr><tr><td class=\"c x482 y126d wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x481 y126d w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(62.791)    </span></div></td><td class=\"c x48b y126d w112 h37\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">(7.216)    </span></div></td><td class=\"c x48c y126d w136 h37\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.590    </span></div></td><td class=\"c x480 y126d w137 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(65.417)    </span></div></td></tr><tr><td class=\"c x482 y126e wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19) </div></td><td class=\"c x481 y126e w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.487)    </span></div></td><td class=\"c x48b y126e w112 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x48c y126e w136 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y126e w137 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.487)    </span></div></td></tr><tr><td class=\"c x482 y126f wa5 h37\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio energ\u00eda renovable: </div></td><td class=\"c x481 y1270 w135 h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.072   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48b y1270 w112 h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(573)    </span></div></td><td class=\"c x48c y1270 w136 h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"ls0_1\">(297)    </span></div></td><td class=\"c x480 y1270 w137 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">65.202   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x482 y1271 wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales </div></td><td class=\"c x481 y1271 w135 h37\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.098    </span></div></td><td class=\"c x48b y1271 w112 h37\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">47   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48c y1271 w136 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(1.216)    </span></div></td><td class=\"c x480 y1271 w137 h37\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">929   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x482 y1272 wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x481 y1272 w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.752)    </span></div></td><td class=\"c x48b y1272 w112 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(124)    </span></div></td><td class=\"c x48c y1272 w136 h37\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.121    </span></div></td><td class=\"c x480 y1272 w137 h37\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(755)    </span></div></td></tr><tr><td class=\"c x482 y1273 wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19) </div></td><td class=\"c x481 y1273 w135 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"ls0_1\">(96)    </span></div></td><td class=\"c x48b y1273 w112 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x48c y1273 w136 h37\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">95   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y1273 w137 h37\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">(1)    </span></div></td></tr><tr><td></td><td class=\"c x481 y1274 w135 h5c\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">250   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48b y1274 w112 h5c\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">(77)    </span></div></td><td class=\"c x48c y1274 w136 h5c\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1274 w137 h5c\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">173   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td class=\"c x481 y1275 w135 h37\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.322   <span class=\"ls0_1\"> </span></span></div></td><td></td><td></td><td class=\"c x480 y1275 w137 h37\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">65.375   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td></td><td class=\"c x481 y1276 w134 h37\" colspan=\"2\"><div class=\"t_1 m0_1 x6d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td class=\"c x482 y1277 wa5 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td class=\"c x483 y1278 w35b h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x484 y1278 w35c h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _65\"> </span></div></td><td class=\"c x485 y1278 w35d h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x486 y1278 w35e h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x487 y1279 w35f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x488 y1279 w360 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x489 y1279 w361 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td class=\"c x48a y1279 w35f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x482 y127a wa5 h37\"><div class=\"t_1 m0_1 x10 h58 yb4 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x482 y127b wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales </div></td><td class=\"c x481 y127b w135 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">128.782    </span></div></td><td class=\"c x48b y127b w112 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.945    </span></div></td><td class=\"c x48c y127b w136 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(5.377)    </span></div></td><td class=\"c x480 y127b w137 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">133.350    </span></div></td></tr><tr><td class=\"c x482 y127c wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x481 y127c w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(58.366)    </span></div></td><td class=\"c x48b y127c w112 h37\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">(9.725)    </span></div></td><td class=\"c x48c y127c w136 h37\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.300    </span></div></td><td class=\"c x480 y127c w137 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(62.791)    </span></div></td></tr><tr><td class=\"c x482 y127d wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19) </div></td><td class=\"c x481 y127d w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.508)    </span></div></td><td class=\"c x48b y127d w112 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(979)    </span></div></td><td class=\"c x48c y127d w136 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y127d w137 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.487)    </span></div></td></tr><tr><td class=\"c x482 y127e wa5 h37\"><div class=\"t_1 m0_1 x10 h58 yb4 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio energ\u00eda renovable: </div></td><td class=\"c x481 y127f w135 h37\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.908   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48b y127f w112 h37\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(759)    </span></div></td><td class=\"c x48c y127f w136 h37\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(77)    </span></div></td><td class=\"c x480 y127f w137 h37\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.072   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x482 y1280 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales </div></td><td class=\"c x481 y1280 w135 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.051    </span></div></td><td class=\"c x48b y1280 w112 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">47   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48c y1280 w136 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1280 w137 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.098    </span></div></td></tr><tr><td class=\"c x482 y1281 wa5 h81\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x481 y1281 w135 h81\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.752)    </span></div></td><td class=\"c x48b y1281 w112 h81\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x48c y1281 w136 h81\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1281 w137 h81\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.752)    </span></div></td></tr><tr><td class=\"c x482 y1282 wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19) </div></td><td class=\"c x481 y1282 w135 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"ls0_1\">(96)    </span></div></td><td class=\"c x48b y1282 w112 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x48c y1282 w136 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1282 w137 h37\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(96)    </span></div></td></tr><tr><td></td><td class=\"c x481 y1283 w135 h37\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">203   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48b y1283 w112 h37\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">47   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48c y1283 w136 h37\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1283 w137 h37\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">250   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td class=\"c x481 y1284 w135 h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">67.111   <span class=\"ls0_1\"> </span></span></div></td><td></td><td></td><td class=\"c x480 y1284 w137 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.322</span><span class=\"lsd\">   <span class=\"ls0_1\"> </span></span></div></td></tr></table></div><div class=\"c w3_1 h3d gs4d\"><div class=\"t_1 m0_1 x6d h7_1 y88b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d h7_1 y88c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>realizado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 lab<span class=\"_ _3\"></span>ores <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>plantaci\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span><span class=\"ls10\">934</span> <span class=\"_ _3\"></span>hect\u00e1reas <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>1.<span class=\"_ _3\"></span><span class=\"ls10\">615 <span class=\"_ _3\"></span></span>hect\u00e1reas, </div><div class=\"t_1 m0_1 x6d h7_1 y88d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">respectivamente, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>ha <span class=\"_ _0\"></span>ej<span class=\"_ _3\"></span>ecutado <span class=\"_ _10\"> </span>labores <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>conservaci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>elvicultura <span class=\"_ _10\"></span>sobre <span class=\"_ _13\"> </span>7.797 <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>ect\u00e1reas <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>18.901 </div><div class=\"t_1 m0_1 x6d h7_1 y88e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">hect\u00e1reas, respectivamente, lo que ha supues<span class=\"_ _3\"></span>to una inversi\u00f3n por importe de 6.690 <span class=\"ff6\">miles<span class=\"_ _3\"></span> \u20ac y </span>9.992 <span class=\"ff6\">miles \u20ac, </span></div><div class=\"t_1 m0_1 x6d h7_1 y5aa ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">respectivamente. <span class=\"_ _3\"></span>Un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>estas <span class=\"_ _3\"></span>inversion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>5.731 <span class=\"_ _f\"></span><span class=\"ff6\">miles <span class=\"_ _3\"></span>\u20ac <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>202</span>5 <span class=\"_ _3\"></span><span class=\"ls3b\">y <span class=\"_ _f\"></span><span class=\"ls10\">8.915 <span class=\"_ _f\"></span></span></span><span class=\"ff6\">miles <span class=\"_ _3\"></span>\u20ac <span class=\"_ _3\"></span>en </span></div><div class=\"t_1 m0_1 x6d h7_1 y88f ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">202<span class=\"ls0_1\">4 <span class=\"_ _0\"></span><span class=\"ff6\">se <span class=\"_ _10\"></span>recogen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cTrabaj<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>realizad<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>inmovilizado\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de </span></span></div><div class=\"t_1 m0_1 x6d h7_1 y890 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado cons<span class=\"_ _3\"></span>olidado.  </div><div class=\"t_1 m0_1 x6d h7_1 y6cb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte, <span class=\"_ _f\"></span>el Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>capitalizado <span class=\"_ _f\"></span>en ejercicio <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>1.<span class=\"ls10\">176</span> <span class=\"_ _3\"></span>miles <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>euro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>(1.0<span class=\"ls10\">29</span> <span class=\"_ _f\"></span><span class=\"ff6\">miles \u20ac </span></div><div class=\"t_1 m0_1 x6d h7_1 y85e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"_ _10\"> </span>2024<span class=\"_ _3\"></span>) <span class=\"_ _10\"> </span>corr<span class=\"_ _3\"></span>espondiente <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>cuotas <span class=\"_ _10\"> </span>po<span class=\"_ _3\"></span>r <span class=\"_ _10\"> </span>derecho <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>us<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>costes <span class=\"_ _13\"> </span>financieros <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>terreno<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>estinados <span class=\"_ _13\"> </span>al<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y482 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">desarrollo de activo<span class=\"_ _3\"></span>s biol\u00f3gicos (v\u00e9as<span class=\"_ _3\"></span>e Nota 17).<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y318 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _f\"></span>suscribi\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2018 <span class=\"_ _3\"></span>diversos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>acuerdo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>madera <span class=\"_ _f\"></span>procedente <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>patrimonio </div><div class=\"t_1 m0_1 x6d h7_1 y891 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">forestal ubicado en el <span class=\"_ _3\"></span>Sur de E<span class=\"_ _3\"></span>spa\u00f1a. Los a<span class=\"_ _3\"></span>cuerdos est\u00e1n v<span class=\"_ _3\"></span>igentes hasta diciembre de 20<span class=\"_ _3\"></span>30 y los vo<span class=\"_ _3\"></span>l\u00famenes </div><div class=\"t_1 m0_1 x6d h7_1 y892 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">acordados s<span class=\"_ _3\"></span>e sit\u00faan entre 170.000 toneladas<span class=\"_ _3\"></span> y 240.000 to<span class=\"_ _3\"></span>neladas anu<span class=\"_ _3\"></span>ales.<span class=\"_ _65\"> </span> </div><div class=\"t_1 m0_1 x6d h7_1 y893 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d h7_1 y894 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div>18.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Detalle de vuelos forestales<span class=\"_ _2\"></span>  </span></span>El <span class=\"_ _2\"></span>Grupo ge<span class=\"_ _2\"></span>stiona en <span class=\"_ _d\"></span>la Pen\u00ednsula <span class=\"_ _2\"></span>Ib\u00e9rica <span class=\"_ _2\"></span>una superficie <span class=\"_ _d\"></span>pat<span class=\"_ _3\"></span>rimonial bruta <span class=\"_ _2\"></span>total <span class=\"_ _2\"></span>de 70.100<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>hect\u00e1reas, con <span class=\"_ _2\"></span>una superficie total planta<span class=\"_ _3\"></span>da de 4<span class=\"_ _3\"></span>7.<span class=\"ls10\">662</span> hect\u00e1reas<span class=\"_ _3\"></span>. El detalle d<span class=\"_ _3\"></span>e los vu<span class=\"_ _3\"></span>elos forestales al 31 de <span class=\"_ _3\"></span>diciembre de 202<span class=\"_ _3\"></span>5 y 2024 es el siguiente:<span class=\"_ _3\"></span> A\u00f1o 2025 Pen\u00ednsula Ib\u00e9rica A\u00f1o 2024 Valor Neto Valor Neto Hect\u00e1reas (*) Contable Hect\u00e1reas (*) Contable Edad en A\u00f1os en Miles \u20ac<span class=\"ff3\"> </span>en Miles \u20ac<span class=\"ff3\"> </span>&gt; 17 1.583<span class=\"ls0_1\"> </span>3.<span class=\"lsd\">165</span> 1.391 2.626 14 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> </span></span>16<span class=\"ls0_1\"> </span>4.133<span class=\"ls0_1\"> </span>8.<span class=\"lsd\">783</span> 4.677 9.962 11 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> </span></span>13<span class=\"ls0_1\"> </span>5.<span class=\"lsd\">533</span> 9.<span class=\"lsd\">547</span> 6.285 12.430 8 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> </span></span>10<span class=\"ls0_1\"> </span>5.867<span class=\"ls0_1\"> </span>7.838<span class=\"ls0_1\"> </span>5.645 7.239 4 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> 7</span></span><span class=\"ff6 ls0_1\"><span class=\"ff3\"> </span></span>13.<span class=\"lsd\">245</span> 16.<span class=\"lsd\">201</span> 12.212 14.589 0 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> 3</span></span><span class=\"ff6 ls0_1\"><span class=\"ff3\"> </span></span>17.<span class=\"lsd\">301</span> 24.329<span class=\"ls0_1\"> </span>19.144 24.059 Deterioro activos biol\u00f3gicos - (4.488) - (4.583)<span class=\"_ _65\"> </span>47.<span class=\"lsd\">662</span> 65<span class=\"lsd\">.375</span> 49.354<span class=\"ls0_1\"> </span>66.322<span class=\"ls0_1\"> </span>(*) Superficie patrimonial p<span class=\"_ _3\"></span>lantada Adicionalmente, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>patrimonio <span class=\"_ _f\"></span>ges<span class=\"_ _3\"></span>tionado <span class=\"_ _f\"></span>incluye <span class=\"_ _f\"></span>2.594 <span class=\"_ _f\"></span>hect\u00e1reas <span class=\"_ _f\"></span>ubicadas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>Portugal <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>vendi\u00f3 en 2013, <span class=\"_ _d\"></span>al suscribirs<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>un acuerdo <span class=\"_ _2\"></span>con el <span class=\"_ _d\"></span>comp<span class=\"_ _3\"></span>rador para <span class=\"_ _2\"></span>la adquisici\u00f3n, a <span class=\"_ _2\"></span>precios de <span class=\"_ _d\"></span>mercado, de la <span class=\"_ _2\"></span>madera producida en la<span class=\"_ _3\"></span> superficie vendida du<span class=\"_ _3\"></span>rante un <span class=\"_ _3\"></span>periodo de 20 a\u00f1os<span class=\"_ _3\"></span>. 19.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Deterioro de activos no financ<span class=\"_ _2\"></span>ieros </span></span>Se detallan a continu<span class=\"_ _3\"></span>aci\u00f3n los deterioros s<span class=\"_ _3\"></span>obre activos no financieros a<span class=\"_ _3\"></span>l 31 de diciembre d<span class=\"_ _3\"></span>e 202<span class=\"_ _3\"></span>5 y 2024:<span class=\"_ _3\"></span> <table class=\"s w38d h1ba\" id=\"_0b8cc6d6-fb61-4dca-9ce3-0a748e4e4204\"><tr><td></td><td></td><td></td><td></td><td class=\"c x499 y1293 w13f h47\"><div class=\"t_1 m0_1 xa h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_1 m0_1 x49a h20 y1294 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaci\u00f3n a </td><td class=\"t_1 m0_1 x49b h20 y1294 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reversiones </td><td></td></tr><tr><td></td><td class=\"c x49c y1295 w13e h86\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x499 y1295 w140 h86\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1295 w13b h86\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaciones </div></td><td class=\"t_1 m0_1 x49d h20 y1296 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">su finalidad </td><td class=\"t_1 m0_1 x49e h20 y1296 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros </td><td class=\"c x49f y1295 w1f h86\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td></tr><tr><td class=\"c x1c5 y1297 w138 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio </div></td><td class=\"c x49c y1297 w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15<span class=\"ls0_1\"> </span></div></td><td class=\"c x499 y1297 w140 h47\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.737 </div></td><td class=\"c x37c y1297 w13b h47\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4a0 y1297 w141 h47\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x37d y1297 wca h47\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x49f y1297 w1f h47\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.737 </div></td></tr><tr><td class=\"c x1c5 y1298 w138 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles </div></td><td class=\"c x49c y1298 w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15<span class=\"ls0_1\"> </span></div></td><td class=\"c x499 y1298 w140 h47\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">752<span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y1298 w13b h47\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4a0 y1298 w141 h47\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x37d y1298 wca h47\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3) </div></td><td class=\"c x49f y1298 w1f h47\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">749<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1c5 y1299 w138 h46\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Propiedad, planta y equipo </div></td><td class=\"c x49c y1299 w13e h46\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x499 y1299 w140 h46\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.799 </div></td><td class=\"c x37c y1299 w13b h46\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4a0 y1299 w141 h46\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x37d y1299 wca h46\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">906</span>) </div></td><td class=\"c x49f y1299 w1f h46\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">26.893 </div></td></tr><tr><td class=\"c x1c5 y129a w138 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos biol\u00f3gicos </div></td><td class=\"c x49c y129a w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x499 y129a w140 h47\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.583 </div></td><td class=\"c x37c y129a w13b h47\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4a0 y129a w141 h47\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(95) </div></td><td class=\"c x37d y129a wca h47\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x49f y129a w1f h47\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.488 </div></td></tr><tr><td class=\"c x1c5 y129b w138 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Existencias </div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1c5 y129c w138 h46\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Repuestos </div></td><td class=\"c x49c y129c w13e h46\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x499 y129c w140 h46\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.264 </div></td><td class=\"c x37c y129c w13b h46\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.560 </div></td><td class=\"c x4a0 y129c w141 h46\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(962) </div></td><td class=\"c x37d y129c wca h46\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></td><td class=\"c x49f y129c w1f h46\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.791 </div></td></tr><tr><td class=\"c x1c5 y129d w138 h47\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">VNR y Otros  </div></td><td class=\"c x49c y129d w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x499 y129d w140 h47\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.279 </div></td><td class=\"c x37c y129d w13b h47\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.476 </div></td><td class=\"c x4a0 y129d w141 h47\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x37d y129d wca h47\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21) </div></td><td class=\"c x49f y129d w1f h47\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.734 </div></td></tr><tr><td></td><td></td><td class=\"c x499 y129e w140 h47\"><div class=\"t_1 m0_1 xc7 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">52.41<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x37c y129e w13b h47\"><div class=\"t_1 m0_1 x11 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.036<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a0 y129e w141 h47\"><div class=\"t_1 m0_1 x22 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.057) </div></td><td class=\"c x37d y129e wca h47\"><div class=\"t_1 m0_1 x30 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">1.001</span>) </div></td><td class=\"c x49f y129e w1f h47\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">59.392<span class=\"ls0_1\"> </span></div></td></tr></table><div class=\"c w28 h3f gs4f\"><div class=\"t_1 m0_1 xf h40 y186 ff2 fs6 fc2 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 </div></div><div class=\"gs50\"><table class=\"s w38e h1bb\" id=\"_fe70bec2-39ef-4cd0-8c35-662ea99d4474\"><tr><td></td><td></td><td></td><td></td><td class=\"c x4a2 y129f w143 h47\"><div class=\"t_1 m0_1 xa h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_1 m0_1 x4a3 h20 y12a0 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaci\u00f3n a </td><td class=\"t_1 m0_1 x4a4 h20 y12a0 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reversiones </td></tr><tr><td></td><td class=\"c x4a5 y12a1 w13e h86\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x4a2 y12a1 w140 h86\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a6 y12a1 w2a h86\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaciones </div></td><td class=\"t_1 m0_1 x4a7 h20 y12a2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">su finalidad </td><td class=\"t_1 m0_1 x4a8 h20 y12a2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros </td></tr><tr><td class=\"c x4a9 y12a3 w40 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio </div></td><td class=\"c x4a5 y12a3 w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a2 y12a3 w140 h47\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.737 </div></td><td class=\"c x4a6 y12a3 w2a h47\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4aa y12a3 w144 h47\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td></tr><tr><td class=\"c x4a9 y12a4 w40 h46\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles </div></td><td class=\"c x4a5 y12a4 w13e h46\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">15<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a2 y12a4 w140 h46\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.612 </div></td><td class=\"c x4a6 y12a4 w2a h46\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4aa y12a4 w144 h46\"><div class=\"t_1 m0_1 x22 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.853) </div></td><td></td></tr><tr><td class=\"c x4a9 y12a5 w40 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Propiedad, planta y equipo </div></td><td class=\"c x4a5 y12a5 w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a2 y12a5 w140 h47\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">32.417 </div></td><td class=\"c x4a6 y12a5 w2a h47\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">228<span class=\"ls0_1\"> </span></div></td><td class=\"c x4aa y12a5 w144 h47\"><div class=\"t_1 m0_1 x22 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.152) </div></td><td class=\"c x4ab y12a5 wca h47\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.695) </div></td></tr><tr><td class=\"c x4a9 y12a6 w40 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos biol\u00f3gicos </div></td><td class=\"c x4a5 y12a6 w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a2 y12a6 w140 h47\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.604 </div></td><td class=\"c x4a6 y12a6 w2a h47\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">979<span class=\"ls0_1\"> </span></div></td><td class=\"c x4aa y12a6 w144 h47\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td></tr><tr><td class=\"c x4a9 y12a7 w40 h46\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Existencias </div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x4a9 y12a8 w40 h47\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Repuestos </div></td><td class=\"c x4a5 y12a8 w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a2 y12a8 w140 h47\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.189 </div></td><td class=\"c x4a6 y12a8 w2a h47\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.126 </div></td><td class=\"c x4aa y12a8 w144 h47\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(51) </div></td><td></td></tr><tr><td class=\"c x4a9 y12a9 w40 h47\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">VNR y Otros </div></td><td class=\"c x4a5 y12a9 w13e h47\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">20<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a2 y12a9 w140 h47\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">165<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a6 y12a9 w2a h47\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.279 </div></td><td class=\"c x4aa y12a9 w144 h47\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(165) </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x4a2 y12aa w140 h47\"><div class=\"t_1 m0_1 xc7 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.724<span class=\"ls0_1\"> </span></div></td><td class=\"c x4a6 y12aa w2a h47\"><div class=\"t_1 m0_1 x11 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.612<span class=\"ls0_1\"> </span></div></td><td class=\"c x4aa y12aa w144 h47\"><div class=\"t_1 m0_1 x22 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.221) </div></td><td class=\"c x4ab y12aa wca h47\"><div class=\"t_1 m0_1 x30 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.702) </div></td></tr><tr><td class=\"c x4ac y12ab w3_1 h3d\"><div class=\"t_1 m0_1 x7d h7_1 y8c0 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Asimismo, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>detalle <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ep\u00edg<span class=\"_ _3\"></span>rafe <span class=\"_ _0\"></span>\u201cDeterioro <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>resulta<span class=\"_ _3\"></span>dos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>enajenaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>inmov<span class=\"_ _3\"></span>ilizado\u201d <span class=\"_ _0\"></span>del </div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x4ac y12ab w3_1 h3d\"><div class=\"t_1 m0_1 x7d h7_1 y8c1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Estado de Resultad<span class=\"_ _3\"></span>o Consolidado<span class=\"_ _3\"></span> al 31 de diciembre d<span class=\"_ _3\"></span>e 2025 y 2024 s<span class=\"_ _3\"></span>e desglosa del siguiente mod<span class=\"_ _3\"></span>o: </div></td><td></td><td class=\"c x4ad y12ac w147 h57\"><div class=\"t_1 m0_1 xa0 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td><td></td><td></td><td class=\"c x4ae y12ac w149 h57\"><div class=\"t_1 m0_1 xb6 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></td></tr><tr><td></td><td></td><td class=\"t_1 m0_1 x4af h20 y12ad ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultados </td><td></td><td></td><td class=\"t_1 m0_1 x4b0 h20 y12ad ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultados </td></tr></table></div><div class=\"c w9c h86 gs51\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></div><div class=\"c wca h47 gs52\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c w9c h47 gs53\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.737 </div></div><div class=\"c wca h46 gs54\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7) </div></div><div class=\"c w9c h46 gs55\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">752<span class=\"ls0_1\"> </span></div></div><div class=\"c w9c h47 gs56\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.798 </div></div><div class=\"c wca h47 gs57\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c w9c h47 gs58\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.583 </div></div><div class=\"c wca h47 gs59\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c w9c h47 gs5a\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.264 </div></div><div class=\"c wca h47 gs5b\"><div class=\"t_1 m0_1 x4a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c w9c h47 gs5c\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.279 </div></div><div class=\"c w9c h47 gs5d\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">52.413<span class=\"ls0_1\"> </span></div></div><div class=\"c w135 h63 gs5e\"><div class=\"t_1 m0_1 x10 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioros de </div></div><div class=\"t_1 m0_1 h20 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1 gs5f\">por baja y </div><div class=\"c w14a h63 gs60\"><div class=\"t_1 m0_1 x56 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioros </div></div><div class=\"t_1 m0_1 h20 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1 gs61\">por baja y </div><div class=\"c w265 h63 gs62\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros <span class=\"_ _4d\"></span>Notas </div></div><div class=\"c w135 h63 gs5e\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valor (*) </div></div><div class=\"t_1 m0_1 h20 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1 gs63\">venta </div><div class=\"c w9c h63 gs64\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c w14a h63 gs60\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de valor (*) </div></div><div class=\"t_1 m0_1 h20 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1 gs65\">venta </div><div class=\"c w14b h63 gs66\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c w267 h57 gs67\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles <span class=\"_ _4e\"></span><span class=\"ws0_1\">15</span><span class=\"_ _54\"></span><span class=\"_ _65\"> </span>(3) </div></div><div class=\"c w117 h57 gs68\"><div class=\"t_1 m0_1 x4a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c w9c h57 gs69\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3) </div></div><div class=\"c w14a h57 gs6a\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7) </div></div><div class=\"c w7f h57 gs6b\"><div class=\"t_1 m0_1 xe8 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff3\"> </span></div></div><div class=\"c w14b h57 gs6c\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7) </div></div><div class=\"c w265 h25 gs6d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Propiedad, planta y equipo <span class=\"_ _4f\"></span><span class=\"ws0_1\">16<span class=\"_ _65\"> </span></span></div></div><div class=\"c w266 h25 gs6e\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(906) <span class=\"_ _50\"></span><span class=\"ws0_1\">133<span class=\"_ _65\"> </span></span></div></div><div class=\"c w9c h25 gs6f\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(773) </div></div><div class=\"c w14a h25 gs70\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.467)<span class=\"ff1_1\"> </span></div></div><div class=\"c w7f h25 gs71\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.502<span class=\"ff1_1\"> </span></div></div><div class=\"c w14b h25 gs72\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(965) </div></div><div class=\"c w265 h57 gs73\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos biol\u00f3gicos <span class=\"_ _51\"></span><span class=\"ws0_1\">18<span class=\"_ _65\"> </span></span></div></div><div class=\"c w266 h57 gs74\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- <span class=\"_ _52\"></span>-<span class=\"_ _65\"> </span></div></div><div class=\"c w9c h57 gs75\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c w14a h57 gs76\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">979<span class=\"ls0_1\"> </span></div></div><div class=\"c w7f h57 gs77\"><div class=\"t_1 m0_1 xe8 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff3\"> </span></div></div><div class=\"c w14b h57 gs78\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">979<span class=\"ls0_1\"> </span></div></div><div class=\"c w266 h25 gs79\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(909) <span class=\"_ _53\"></span><span class=\"ws0_1\">133<span class=\"_ _65\"> </span></span></div></div><div class=\"c w9c h25 gs7a\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7<span class=\"lsd\">76)</span> </div></div><div class=\"c w14a h25 gs7b\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.495) </div></div><div class=\"c w7f h25 gs7c\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.502<span class=\"ls0_1\"> </span></div></div><div class=\"c w14b h25 gs7d\"><div class=\"t_1 m0_1 x41 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7 </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 xac h20 y37c ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(*) Dotaciones y reversiones de deterioros. Gasto / (Ingreso). </span></div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8c3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _f\"></span>analiza <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>menos <span class=\"_ _f\"></span>anualmente <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>i <span class=\"_ _f\"></span>sus <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>financieros <span class=\"_ _f\"></span>presentan <span class=\"_ _f\"></span>indicios <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>deterioro, <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>cuy<span class=\"_ _3\"></span>o </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y625 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">caso re<span class=\"_ _2\"></span>aliza los <span class=\"_ _d\"></span>corresp<span class=\"_ _3\"></span>ondientes test <span class=\"_ _d\"></span>de deterioro para <span class=\"_ _2\"></span>cada <span class=\"_ _2\"></span>UGE, <span class=\"_ _2\"></span>considerando los <span class=\"_ _2\"></span>criterios y <span class=\"_ _d\"></span>metodolog\u00eda<span class=\"_ _3\"></span> </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8c4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">descritos en la n<span class=\"_ _3\"></span>ota 3.5 y las hip\u00f3tesis d<span class=\"_ _3\"></span>escritas en esta misma nota.<span class=\"_ _3\"></span> </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8c5 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"_ _f\"></span>UGE <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>son <span class=\"_ _f\"></span>cada <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>bio<span class=\"_ _3\"></span>-f\u00e1bricas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>celulos<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>(donde <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>incluye <span class=\"_ _f\"></span>el </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8c6 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio <span class=\"_ _3\"></span>forestal <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>stina <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>ser <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>sus <span class=\"_ _3\"></span>fuentes <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>suministro) <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>lantas <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>generaci\u00f3n <span class=\"_ _3\"></span>de </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8c7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda <span class=\"_ _3\"></span>el\u00e9ctri<span class=\"_ _3\"></span>ca <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>opera <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o, <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>\u00ed <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>activ<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>biol\u00f3gicos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>tienen <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>destino <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>venta <span class=\"_ _3\"></span>a </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y3b8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">terceros. Los activo<span class=\"_ _3\"></span>s por derecho de us<span class=\"_ _3\"></span>o se incluyen en la<span class=\"_ _3\"></span> UGE en la que est\u00e1n siendo<span class=\"_ _3\"></span> utilizados.<span class=\"_ _3\"></span> </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8c8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembr<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>revis<span class=\"_ _3\"></span>ado <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>hip\u00f3tesis <span class=\"_ _0\"></span>descrita<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>relativas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>instalaciones <span class=\"_ _0\"></span>de </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y11d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n de energ\u00eda r<span class=\"_ _3\"></span>enovable <span class=\"_ _3\"></span>con biomasa y<span class=\"_ _3\"></span> gas encuadradas<span class=\"_ _3\"></span> en ENCE Renov<span class=\"_ _3\"></span>ables. Dichas h<span class=\"_ _3\"></span>ip\u00f3tesis no </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y80f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">presentan <span class=\"_ _10\"> </span>cambios <span class=\"_ _10\"></span>significativos <span class=\"_ _10\"> </span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>evaluaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>evo<span class=\"_ _3\"></span>luci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>precios <span class=\"_ _0\"></span>a <span class=\"_ _10\"> </span>futuro<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>energ\u00eda </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8c9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">renovable, <span class=\"_ _f\"></span>la evolu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>variables <span class=\"_ _3\"></span>macroecon\u00f3micas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>como <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>flaci\u00f3n <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>tipos <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o se <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>an </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y5bf ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">producido <span class=\"_ _16\"> </span>cambios <span class=\"_ _16\"> </span>regulator<span class=\"_ _3\"></span>ios <span class=\"_ _16\"> </span>relevantes <span class=\"_ _19\"> </span>en <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>entorno<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>regulatorio, <span class=\"_ _16\"> </span>elementos <span class=\"_ _16\"> </span>co<span class=\"_ _3\"></span>nsiderados <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>la </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y88 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">evaluaci\u00f3n de <span class=\"_ _2\"></span>posibles indicios de <span class=\"_ _2\"></span>deterioro, por lo <span class=\"_ _2\"></span>que no <span class=\"_ _2\"></span>se han producido modificaciones <span class=\"_ _2\"></span>en el <span class=\"_ _2\"></span>deterioro </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8ca ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">asociado a d<span class=\"_ _3\"></span>ichas instala<span class=\"_ _3\"></span>ciones. </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8cb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"_ _f\"></span>cierre <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>ejercicio <span class=\"_ _f\"></span>2024 <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>llev\u00f3 <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>cabo <span class=\"_ _f\"></span>test <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>deterioro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>insta<span class=\"_ _3\"></span>laciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8cc ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda <span class=\"_ _23\"> </span>renovab<span class=\"_ _3\"></span>le <span class=\"_ _23\"> </span>con <span class=\"_ _e\"> </span>biomasa <span class=\"_ _23\"> </span>y <span class=\"_ _e\"> </span>gas <span class=\"_ _23\"> </span>encuad<span class=\"_ _3\"></span>radas <span class=\"_ _23\"> </span>en <span class=\"_ _23\"> </span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _23\"> </span>Renovab<span class=\"_ _3\"></span>les,<span class=\"_ _3\"></span> <span class=\"_ _23\"> </span>como <span class=\"_ _e\"> </span>consecuencia<span class=\"ls19\">, </span></div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 yda ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">principalmente, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>evoluci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>precios <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>futu<span class=\"_ _3\"></span>ro <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>energ\u00eda <span class=\"_ _f\"></span>renovable<span class=\"_ _f\"></span> <span class=\"_ _3\"></span><span class=\"ls17\">y <span class=\"_ _f\"></span></span>los <span class=\"_ _f\"></span>cambios <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>an </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8cd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">produjeron en el <span class=\"_ _d\"></span>ento<span class=\"_ _3\"></span>rno regulatorio. Como <span class=\"_ _2\"></span>resultado de <span class=\"_ _2\"></span>dichos test <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>deterioro se revertieron <span class=\"_ _2\"></span>deterioros </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8ce ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">netos <span class=\"_ _3\"></span>en un <span class=\"_ _3\"></span>importe de <span class=\"_ _3\"></span><span class=\"ff6\">3.412 <span class=\"_ _3\"></span>miles \u20ac</span> <span class=\"_ _3\"></span>dotados<span class=\"_ _3\"></span> en el <span class=\"_ _3\"></span>ejercicio <span class=\"_ _3\"></span>2022 en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>instalacion<span class=\"_ _3\"></span>es planta<span class=\"_ _3\"></span>s HU <span class=\"_ _3\"></span>41 MW, </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x7d h7_1 y8cf ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">JA 16 MW, CR 16 MW y CO <span class=\"_ _3\"></span>27 MW<span class=\"_ _3\"></span>. </div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x6e hb y182 ff5 fs4 fc0_1 sc0_1 ls1 ws0_1\">75<span class=\"ls0_1\"> </span></div></div><div class=\"c w3_1 h3d gs7e\"><div class=\"t_1 m0_1 x39 h8_1 y183 ff5 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">www.ence.es<span class=\"ff2 fs3 fc4\"> </span></div></div>El <span class=\"_ _2\"></span>Negocio <span class=\"_ _2\"></span>Celulosa e<span class=\"_ _2\"></span>s un <span class=\"_ _d\"></span>negocio c\u00edclico <span class=\"_ _d\"></span>por lo <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>evaluaci\u00f3n de <span class=\"_ _d\"></span>la existencia <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>indicios <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>deterioro se consideran periodos<span class=\"_ _3\"></span> superiores al a\u00f1o. En este contexto, las previsiones en los precios de mercado de la celulosa con<span class=\"_ _3\"></span>sideradas <span class=\"_ _3\"></span>por los<span class=\"_ _3\"></span> analis<span class=\"_ _3\"></span>tas<span class=\"_ _3\"></span> especializados<span class=\"_ _3\"></span> en <span class=\"_ _3\"></span>el sector, <span class=\"_ _3\"></span>conjunta<span class=\"_ _3\"></span>mente con <span class=\"_ _3\"></span>nuestra <span class=\"_ _3\"></span>estimaci\u00f3n de <span class=\"_ _f\"></span>costes <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>pro<span class=\"_ _3\"></span>ducci\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>medio <span class=\"_ _f\"></span>plazo, <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>ponen <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>manifiesto <span class=\"_ _f\"></span>indicios <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>det<span class=\"_ _3\"></span>erioro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>las distintas UGE\u00b4s<span class=\"_ _3\"></span> de este negocio.<span class=\"ff4 fs0_1 fc2\">  </span>Activos biol\u00f3gicos<span class=\"_ _3\"></span> Al <span class=\"_ _d\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diciembre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>2025 <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>2024 <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>importe <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los deterioros <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _d\"></span>reconocido<span class=\"_ _3\"></span>s <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _d\"></span>activos biol\u00f3gicos del Grupo asciend<span class=\"_ _3\"></span>e a 4.488 <span class=\"ff6\">miles \u20ac <span class=\"_ _3\"></span>y </span>4.583 <span class=\"ff6\">mil<span class=\"_ _3\"></span>es \u20ac, respectivamente.<span class=\"_ _3\"></span></span> <span class=\"ls1b\">Est<span class=\"ls26\">os</span></span> deterioros <span class=\"_ _3\"></span>se han determinado a partir de los<span class=\"_ _3\"></span> an\u00e1lisis y metodolog\u00eda <span class=\"_ _3\"></span>descritos en la No<span class=\"_ _3\"></span>ta 3.4. Existencias Los <span class=\"_ _10\"> </span>repues<span class=\"_ _3\"></span>tos <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Grupo <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>deterioran <span class=\"_ _13\"> </span>atendiendo <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>su <span class=\"_ _13\"> </span>l<span class=\"_ _2\"></span>enta <span class=\"_ _10\"> </span>rotaci\u00f3n<span class=\"_ _3\"></span>. <span class=\"_ _10\"> </span>En <span class=\"_ _10\"> </span>este <span class=\"_ _13\"> </span>sentido, <span class=\"_ _10\"></span>los <span class=\"_ _10\"> </span>deterioros comienzan <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>reconocerse <span class=\"_ _13\"> </span>cuando  el <span class=\"_ _10\"> </span>activo <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>ha <span class=\"_ _13\"> </span>presentado <span class=\"_ _13\"> </span>movimiento <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>\u00faltimo  a\u00f1o, <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>an incrementando <span class=\"_ _f\"></span>de forma <span class=\"_ _f\"></span>lineal <span class=\"_ _3\"></span>has<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span>alcanzar <span class=\"_ _f\"></span>el 100% <span class=\"_ _3\"></span>cua<span class=\"_ _3\"></span>nd<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>el activ<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>presentado <span class=\"_ _3\"></span>movimiento <span class=\"_ _f\"></span>en los \u00faltimos cinco <span class=\"_ _3\"></span>a\u00f1os (v<span class=\"_ _3\"></span>\u00e9ase Nota 20)<span class=\"ls13\">. </span> Asimismo, <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _f\"></span>dota <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>eterioros <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>concepto <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Valor <span class=\"_ _f\"></span>Neto <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Realizaci\u00f3n <span class=\"_ _3\"></span>(VN<span class=\"_ _3\"></span>R) <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>obre <span class=\"_ _f\"></span>sus <span class=\"_ _3\"></span>existen<span class=\"_ _3\"></span>cias <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e producto <span class=\"_ _f\"></span>terminado <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>materias<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rimas, <span class=\"_ _3\"></span>cuan<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>precios <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>celulosa, <span class=\"_ _f\"></span>netos <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>descuentos <span class=\"_ _f\"></span>y costes <span class=\"_ _3\"></span>comerciales <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>log\u00edsticos,<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>e s<span class=\"_ _3\"></span>it\u00faan p<span class=\"_ _3\"></span>or debajo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>coste <span class=\"_ _f\"></span>de pro<span class=\"_ _3\"></span>ducci\u00f3n. <span class=\"_ _3\"></span>As\u00ed, <span class=\"_ _3\"></span>durante <span class=\"_ _3\"></span>el eje<span class=\"_ _3\"></span>rcicio 20<span class=\"_ _3\"></span>25 la <span class=\"_ _10\"></span>ca\u00edda <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>precios <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>celulos<span class=\"_ _3\"></span>a <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>mercados <span class=\"_ _10\"></span>internacionales <span class=\"_ _10\"></span>unido <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>un <span class=\"_ _10\"> </span>tipo <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>cambio <span class=\"_ _0\"></span>USD/EU<span class=\"_ _3\"></span>R desfavorable ha p<span class=\"_ _3\"></span>rovocado el registro de deterioros en<span class=\"_ _3\"></span> concepto d<span class=\"_ _3\"></span>e VNR por <span class=\"_ _3\"></span>importe de <span class=\"_ _3\"></span>2.164 <span class=\"ff6\">miles \u20ac</span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "16.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Co<span class=\"_ _3\"></span>mpromis<span class=\"_ _2\"></span>os de inversi\u00f3n </span></span>El <span class=\"_ _3\"></span>Grupo <span class=\"_ _f\"></span>ha <span class=\"_ _3\"></span>comprometido <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>versiones <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>ser\u00e1n <span class=\"_ _3\"></span>ejecuta<span class=\"_ _3\"></span>das <span class=\"_ _f\"></span>en el <span class=\"_ _f\"></span>futuro <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or un importe de, ap<span class=\"_ _3\"></span>roximadamente,<span class=\"_ _3\"></span> 70,6 millones <span class=\"ff6\">\u20ac</span>.<span class=\"_ _65\"> </span>La pol\u00edtica <span class=\"_ _2\"></span>del Grupo e<span class=\"_ _2\"></span>s formalizar p\u00f3lizas de <span class=\"_ _2\"></span>seguros para cubrir <span class=\"_ _2\"></span>los posibles riesgos <span class=\"_ _2\"></span>a que <span class=\"_ _2\"></span>est\u00e1n sujetas sus existencias, estim\u00e1ndos<span class=\"_ _3\"></span>e que la cobertura d<span class=\"_ _3\"></span>e estos riesgos a 31 de diciembr<span class=\"_ _3\"></span>e de 202<span class=\"_ _3\"></span>5 y 2024 es<span class=\"_ _3\"></span> adecuada.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "16.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Bi<span class=\"_ _3\"></span>enes t<span class=\"_ _2\"></span>otalmente amorti<span class=\"_ _2\"></span>zados  </span></span>Al <span class=\"_ _10\"> </span>cierr<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>ejercicios<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>20<span class=\"_ _3\"></span>25 <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>2024 <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>Grupo <span class=\"_ _13\"> </span>ten\u00eda <span class=\"_ _10\"> </span>el<span class=\"_ _3\"></span>ementos <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>inmovilizado <span class=\"_ _13\"> </span>material <span class=\"_ _10\"> </span>totalmente amortizados q<span class=\"_ _3\"></span>ue segu\u00edan en uso conforme al s<span class=\"_ _3\"></span>iguiente detalle:",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "17.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Arrendamientos </span></span>17.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ac<span class=\"_ _3\"></span>tivos po<span class=\"_ _2\"></span>r derechos de us<span class=\"_ _2\"></span>o </span></span>El <span class=\"_ _3\"></span>mov<span class=\"_ _3\"></span>imiento <span class=\"_ _3\"></span>hab<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>diferentes <span class=\"_ _f\"></span>cuentas <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>recogen <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>\u201cDerechos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>us<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>act<span class=\"_ _3\"></span>ivos\u201d <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>us correspondientes a<span class=\"_ _3\"></span>mortizaciones acu<span class=\"_ _3\"></span>muladas en 202<span class=\"_ _3\"></span>5 y 2024 ha <span class=\"_ _3\"></span>sido el siguiente: <table class=\"s w37e h1ae\" id=\"_0533047d-19db-4558-8f62-92036933af9c\"><tr><td></td><td></td><td></td><td></td><td class=\"c x43b y1220 w11d hb0\"><div class=\"t_1 m0_1 x8b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x43c y1221 w35b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al</div></td><td class=\"c x43d y1221 w37f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones/<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x43e y1221 w35e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1c5 y1222 w11c hbe\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2025 </div></td><td class=\"c x43f y1222 w10 hbe\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x440 y1223 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2025</div></td><td class=\"c x441 y1223 w379 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x442 y1222 w11e hbe\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros </div></td><td class=\"c x443 y1222 w11f hbe\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div></td><td class=\"c x444 y1223 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y1225 w380 h1af\"><div class=\"t_1 m0_1 x1c9 h20 y1224 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos biof\u00e1brica<span class=\"_ _65\"> </span></div></td><td class=\"c x43f y1226 w10 h86\"><div class=\"t_1 m0_1 x82 h20 y63b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x43b y1226 w9c h86\"><div class=\"t_1 m0_1 x1f h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.898 </div></td><td class=\"c x446 y1226 we0 h86\"><div class=\"t_1 m0_1 x61 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x442 y1226 w11e h86\"><div class=\"t_1 m0_1 x99 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x443 y1226 w11f h86\"><div class=\"t_1 m0_1 x43 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x447 y1226 w120 h86\"><div class=\"t_1 m0_1 x20 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.898 </div></td></tr><tr><td class=\"c x1ca y1227 w2f7 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pontevedra<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1c5 y1228 w11c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arriendos forestales </div></td><td class=\"c x43f y1228 w10 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x43b y1228 w9c h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.374 </div></td><td class=\"c x446 y1228 we0 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.358 </div></td><td class=\"c x442 y1228 w11e h24\"><div class=\"t_1 m0_1 x15 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(543) </div></td><td class=\"c x443 y1228 w11f h24\"><div class=\"t_1 m0_1 x43 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x447 y1228 w120 h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.189 </div></td></tr><tr><td class=\"c x1c5 y1229 w11c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resto (*) </div></td><td class=\"c x43f y1229 w10 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x43b y1229 w9c h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.644 </div></td><td class=\"c x446 y1229 we0 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.226 </div></td><td class=\"c x442 y1229 w11e h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.286) </div></td><td class=\"c x443 y1229 w11f h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.328 </div></td><td class=\"c x447 y1229 w120 h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">48.912 </div></td></tr><tr><td class=\"c x1c5 y122a w11c h5c\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Coste  </div></td><td></td><td class=\"c x43b y122a w9c h5c\"><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">71.916   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x446 y122a we0 h5c\"><div class=\"t_1 m0_1 x11 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">15.584   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x442 y122a w11e h5c\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">(6.829)</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x443 y122a w11f h5c\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">1.328</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x447 y122a w120 h5c\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">81.999   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x1ca y122b w380 h1af\"><div class=\"t_1 m0_1 x1c9 h20 y1224 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos biof\u00e1brica<span class=\"_ _65\"> </span></div></td><td class=\"c x43f y122c w10 h86\"><div class=\"t_1 m0_1 x82 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x43b y122c w9c h86\"><div class=\"t_1 m0_1 x30 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.159 </div></td><td class=\"c x446 y122c we0 h86\"><div class=\"t_1 m0_1 x16 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">384<span class=\"ls0_1\"> </span></div></td><td class=\"c x442 y122c w11e h86\"><div class=\"t_1 m0_1 x99 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x443 y122c w11f h86\"><div class=\"t_1 m0_1 x43 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x447 y122c w120 h86\"><div class=\"t_1 m0_1 x44 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.543 </div></td></tr><tr><td class=\"c x1ca y122d w2f7 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pontevedra<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1c5 y122e w11c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arriendos forestales </div></td><td class=\"c x43f y122e w10 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x43b y122e w9c h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.775 </div></td><td class=\"c x446 y122e we0 h24\"><div class=\"t_1 m0_1 x16 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">650<span class=\"ls0_1\"> </span></div></td><td class=\"c x442 y122e w11e h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(79) </div></td><td class=\"c x443 y122e w11f h24\"><div class=\"t_1 m0_1 x43 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x447 y122e w120 h24\"><div class=\"t_1 m0_1 x44 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.346 </div></td></tr><tr><td class=\"c x1c5 y122f w11c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resto (*) </div></td><td class=\"c x43f y122f w10 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x43b y122f w9c h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.822 </div></td><td class=\"c x446 y122f we0 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.870 </div></td><td class=\"c x442 y122f w11e h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.79<span class=\"lsd\">4</span><span class=\"lsd\">)</span> </div></td><td class=\"c x443 y122f w11f h24\"><div class=\"t_1 m0_1 x43 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x447 y122f w120 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.899 </div></td></tr><tr><td class=\"c x1c5 y1230 w11c h24\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Amortizaci\u00f3n  </div></td><td></td><td class=\"c x43b y1230 w9c h24\"><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">15.756   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x446 y1230 we0 h24\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6.904   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x442 y1230 w11e h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">(2.<span class=\"lsd\">873</span>)    </span></div></td><td class=\"c x443 y1230 w11f h24\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x447 y1230 w120 h24\"><div class=\"t_1 m0_1 x18 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">19.78<span class=\"ls0_1\">7</span></span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1c5 y1231 w11c h24\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total Neto  </div></td><td></td><td class=\"c x43b y1231 w9c h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">56.160<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x447 y1231 w120 h24\"><div class=\"t_1 m0_1 x20 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">62.21<span class=\"ls0_1\">2</span><span class=\"ls0_1\"> </span></div></td></tr></table>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinaria de aprovechamiento forestal.<table class=\"s w381 h1b0\" id=\"_0b677d3a-0afd-4748-af11-7a22771401f5\"><tr><td></td><td></td><td></td><td class=\"c x448 y1232 w368 h1b1\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x449 y1233 w125 hc0\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x44a y1234 w35b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al</div></td><td class=\"c x44b y1234 w382 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del per\u00edmetro</div></td><td class=\"c x44c y1234 w37f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones/<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x44d y1234 w35e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x3cf y1235 w122 h65\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td class=\"c x44e y1235 w123 h65\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x44f y1236 w35f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024</div></td><td class=\"c x450 y1236 w36b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _65\"> </span></div></td><td class=\"c x451 y1236 w379 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x452 y1235 w126 h65\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros </div></td><td class=\"c x453 y1235 w127 h65\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div></td><td class=\"c x454 y1236 w35f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y1238 w380 h1b2\"><div class=\"t_1 m0_1 x1c9 h20 y1237 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos biof\u00e1brica<span class=\"_ _65\"> </span></div></td><td class=\"c x44e y1239 w123 h86\"><div class=\"t_1 m0_1 x82 h20 y63b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x455 y1239 w1f h86\"><div class=\"t_1 m0_1 x1f h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.898 </div></td><td class=\"c x456 y1239 w124 h86\"><div class=\"t_1 m0_1 x45 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x449 y1239 w125 h86\"><div class=\"t_1 m0_1 x12 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x452 y1239 w126 h86\"><div class=\"t_1 m0_1 x2e h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x453 y1239 w127 h86\"><div class=\"t_1 m0_1 xd8 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y1239 w128 h86\"><div class=\"t_1 m0_1 x20 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.898 </div></td></tr><tr><td class=\"c x1ca y123a w2f7 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pontevedra<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x3cf y123b w122 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arriendos forestales </div></td><td class=\"c x44e y123b w123 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x455 y123b w1f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.132 </div></td><td class=\"c x456 y123b w124 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x449 y123b w125 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.504 </div></td><td class=\"c x452 y123b w126 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(262) </div></td><td class=\"c x453 y123b w127 h24\"><div class=\"t_1 m0_1 xd8 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y123b w128 h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.374 </div></td></tr><tr><td class=\"c x3cf y123c w122 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resto (*) </div></td><td class=\"c x44e y123c w123 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x455 y123c w1f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.898 </div></td><td class=\"c x456 y123c w124 h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.565 </div></td><td class=\"c x449 y123c w125 h24\"><div class=\"t_1 m0_1 x15 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.843 </div></td><td class=\"c x452 y123c w126 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.921) </div></td><td class=\"c x453 y123c w127 h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.259 </div></td><td class=\"c x457 y123c w128 h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.644 </div></td></tr><tr><td class=\"c x3cf y123d w122 h86\"><div class=\"t_1 m0_1 x16 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Coste  </div></td><td></td><td class=\"c x455 y123d w1f h86\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">53.928<span class=\"ls0_1\"> </span></div></td><td class=\"c x456 y123d w124 h86\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">3.565   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x449 y123d w125 h86\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">12.347   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x452 y123d w126 h86\"><div class=\"t_1 m0_1 x15 h58 y38 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">             </div><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.183)    </div></td><td class=\"c x453 y123d w127 h86\"><div class=\"t_1 m0_1 x57 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6.259   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x457 y123d w128 h86\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">71.916   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x1ca y123e w380 h1b3\"><div class=\"t_1 m0_1 x1c9 h20 y11dc ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos biof\u00e1brica<span class=\"_ _65\"> </span></div></td><td class=\"c x44e y123f w123 h86\"><div class=\"t_1 m0_1 x82 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x455 y123f w1f h86\"><div class=\"t_1 m0_1 x20 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">775<span class=\"ls0_1\"> </span></div></td><td class=\"c x456 y123f w124 h86\"><div class=\"t_1 m0_1 x45 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x449 y123f w125 h86\"><div class=\"t_1 m0_1 x16 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">384<span class=\"ls0_1\"> </span></div></td><td class=\"c x452 y123f w126 h86\"><div class=\"t_1 m0_1 x2e h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x453 y123f w127 h86\"><div class=\"t_1 m0_1 xd8 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y123f w128 h86\"><div class=\"t_1 m0_1 x15 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.159 </div></td></tr><tr><td class=\"c x1ca y1240 w2f7 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pontevedra<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x3cf y1241 w122 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arriendos forestales </div></td><td class=\"c x44e y1241 w123 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x455 y1241 w1f h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.288 </div></td><td class=\"c x456 y1241 w124 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x449 y1241 w125 h24\"><div class=\"t_1 m0_1 x16 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">619<span class=\"ls0_1\"> </span></div></td><td class=\"c x452 y1241 w126 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(132) </div></td><td class=\"c x453 y1241 w127 h24\"><div class=\"t_1 m0_1 xd8 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y1241 w128 h24\"><div class=\"t_1 m0_1 x15 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.775 </div></td></tr><tr><td class=\"c x3cf y1242 w122 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resto (*) </div></td><td class=\"c x44e y1242 w123 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">16<span class=\"ls0_1\"> </span></div></td><td class=\"c x455 y1242 w1f h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.574 </div></td><td class=\"c x456 y1242 w124 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">454<span class=\"ls0_1\"> </span></div></td><td class=\"c x449 y1242 w125 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.914 </div></td><td class=\"c x452 y1242 w126 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.120) </div></td><td class=\"c x453 y1242 w127 h24\"><div class=\"t_1 m0_1 xd8 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y1242 w128 h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.822 </div></td></tr><tr><td class=\"c x3cf y1243 w122 h86\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Amortizaci\u00f3n  </div></td><td></td><td class=\"c x455 y1243 w1f h86\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.637<span class=\"ls0_1\"> </span></div></td><td class=\"c x456 y1243 w124 h86\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">454   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x449 y1243 w125 h86\"><div class=\"t_1 m0_1 x15 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">4.917   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x452 y1243 w126 h86\"><div class=\"t_1 m0_1 x15 h58 y4d6 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">             </div><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.252)    </div></td><td class=\"c x453 y1243 w127 h86\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x457 y1243 w128 h86\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">15.756   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x3cf y1244 w122 h24\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Total Neto  </div></td><td></td><td class=\"c x455 y1244 w1f h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">42.291<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x457 y1244 w128 h24\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">56.160   <span class=\"ls0_1\"> </span></span></div></td></tr></table>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquin<span class=\"_ _2\"></span>aria <span class=\"_ _3\"></span>de aprovechamiento forestal.<span class=\"_ _65\"> </span>17.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Pasivos por arrendamient<span class=\"_ _2\"></span>o </span></span>El movimiento habid<span class=\"_ _3\"></span>o en este ep\u00edgrafe del Estado de Situaci\u00f3n Finan<span class=\"_ _3\"></span>ciera consolidado en 202<span class=\"_ _3\"></span>5 y 2024 h<span class=\"_ _3\"></span>a sido el siguiente: <table class=\"s w383 h1b4\" id=\"_b970a8c2-f6e4-456b-9e97-549a6e059c25\"><tr><td></td><td></td><td></td><td class=\"c x459 y1245 w35b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x45a y1245 w35e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x45b y1246 w3d h9a\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2025 </div></td><td></td><td class=\"c x45c y1246 w129 h9a\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x45d y1247 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2025<span class=\"_ _65\"> </span></div></td><td class=\"c x45e y1246 w12a h9a\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones </div></td><td class=\"c x45f y1246 w12b h9a\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuotas pagadas </div></td><td class=\"c x460 y1246 w8c h9a\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros </div></td><td class=\"c x461 y1246 w12c h9a\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div></td><td class=\"c x462 y1246 w18 h9a\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Intereses </div></td><td class=\"c x463 y1247 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x45b y1248 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda corto plazo </div></td><td></td><td class=\"c x45c y1248 w129 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.2 </div></td><td class=\"c x464 y1248 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.021    </span></div></td><td class=\"c x45e y1248 w12a h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x45f y1248 w12b h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(11.588)    </span></div></td><td class=\"c x460 y1248 w8c h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">(324)    </span></div></td><td class=\"c x461 y1248 w12c h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">.</span>140<span class=\"ls0_1\"> </span></div></td><td class=\"c x462 y1248 w18 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.<span class=\"lsd\">357</span> </div></td><td class=\"c x465 y1248 w12d h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.<span class=\"lsd\">606</span> </span></div></td></tr><tr><td class=\"c x45b y1249 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda largo plazo </div></td><td></td><td class=\"c x45c y1249 w129 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.2 </div></td><td class=\"c x464 y1249 w4b h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.526    </span></div></td><td class=\"c x45e y1249 w12a h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.213    </span></div></td><td class=\"c x45f y1249 w12b h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x460 y1249 w8c h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">(744)    </span></div></td><td class=\"c x461 y1249 w12c h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\"></span><span class=\"lsd\">10</span>.<span class=\"lsd\">140</span>) </div></td><td class=\"c x462 y1249 w18 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x465 y1249 w12d h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">57.<span class=\"lsd\">855</span></span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x464 y124a w4b h24\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">58.547   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x45e y124a w12a h24\"><div class=\"t_1 m0_1 x50 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">17.213   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x45f y124a w12b h24\"><div class=\"t_1 m0_1 x31 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(11.588)    </span></div></td><td class=\"c x460 y124a w8c h24\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.<span class=\"lsd\">068</span>) </div></td><td class=\"c x461 y124a w12c h24\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x462 y124a w18 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.<span class=\"lsd\">357</span> </div></td><td class=\"c x465 y124a w12d h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66<span class=\"ls0_1\">.</span>461</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x466 y124b w368 h1b5\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x467 y124c w12e hc1\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x468 y124d w369 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x469 y124e w35b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al</div></td><td class=\"c x46a y124e w36a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x46b y124e w35e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x46c y124f w3d h7d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td class=\"c x46d y124f w129 h7d\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x46e y1250 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024</div></td><td class=\"c x1e6 y1250 w36b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _65\"> </span></div></td><td class=\"c x467 y124f w7b h7d\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones </div></td><td class=\"c x46f y124f w12f h7d\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuotas pagadas </div></td><td class=\"c x470 y124f w8c h7d\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros </div></td><td class=\"c x471 y124f w59 h7d\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div></td><td class=\"c x472 y124f wb7 h7d\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Intereses </div></td><td class=\"c x473 y1250 w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x46c y1251 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda corto plazo </div></td><td class=\"c x46d y1251 w129 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.2 </div></td><td class=\"c x474 y1251 w4b h24\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.107    </span></div></td><td class=\"c x475 y1251 w21 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">440   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x467 y1251 w7b h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">14<span class=\"ls0_1\"> </span></div></td><td class=\"c x46f y1251 w12f h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.050) </div></td><td class=\"c x470 y1251 w8c h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(587) </div></td><td class=\"c x471 y1251 w59 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.273 </div></td><td class=\"c x472 y1251 wb7 h24\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.824 </div></td><td class=\"c x476 y1251 w76 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.021    </span></div></td></tr><tr><td class=\"c x46c y1252 w3d h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda largo plazo </div></td><td class=\"c x46d y1252 w129 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.2 </div></td><td class=\"c x474 y1252 w4b h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">39.728    </span></div></td><td class=\"c x475 y1252 w21 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.182    </span></div></td><td class=\"c x467 y1252 w7b h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.633 </div></td><td class=\"c x46f y1252 w12f h24\"><div class=\"t_1 m0_1 x61 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x470 y1252 w8c h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(744) </div></td><td class=\"c x471 y1252 w59 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.273) </div></td><td class=\"c x472 y1252 wb7 h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x476 y1252 w76 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">51.526    </span></div></td></tr><tr><td></td><td></td><td class=\"c x474 y1253 w4b h24\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">44.835   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x475 y1253 w21 h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">1.622   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x467 y1253 w7b h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">19.647<span class=\"ls0_1\"> </span></div></td><td class=\"c x46f y1253 w12f h24\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.050) </div></td><td class=\"c x470 y1253 w8c h24\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.331) </div></td><td class=\"c x471 y1253 w59 h24\"><div class=\"t_1 m0_1 x35 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x472 y1253 wb7 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.824<span class=\"ls0_1\"> </span></div></td><td class=\"c x476 y1253 w76 h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">58.547   <span class=\"ls0_1\"> </span></span></div></td></tr></table>Las cuotas son actualizad<span class=\"_ _3\"></span>as considerando la tas<span class=\"_ _3\"></span>a incremental de endeudamiento. <span class=\"_ _3\"></span>Dicha tasa se ha <span class=\"_ _3\"></span>estimado, considerando informaci\u00f3n de mercado disponible, en el rango 5,8%-5,9% para contratos con una vigencia de 1-5 <span class=\"_ _d\"></span>a\u00f1os<span class=\"_ _3\"></span>, <span class=\"_ _2\"></span>5,9%-<span class=\"ls10\">6,</span>2% <span class=\"_ _d\"></span>para contratos <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>una vigencia <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>5<span class=\"_ _3\"></span>-10 <span class=\"_ _2\"></span>a\u00f1os, <span class=\"_ _2\"></span>6,2%-<span class=\"ls10\">6,</span>6% <span class=\"_ _d\"></span>para contratos <span class=\"_ _2\"></span>con <span class=\"_ _d\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _d\"></span>vigencia de 10-20 a\u00f1os y<span class=\"_ _3\"></span> 6,6%-<span class=\"ls10\">7,</span>4% para<span class=\"_ _3\"></span> contratos con<span class=\"_ _3\"></span> una vigencia entre 20<span class=\"_ _3\"></span>-40 a\u00f1os.<span class=\"_ _65\"> </span>ENCE n<span class=\"_ _3\"></span>o tiene <span class=\"_ _3\"></span>previstas s<span class=\"_ _3\"></span>alidas de <span class=\"_ _3\"></span>efectivo futuras <span class=\"_ _3\"></span>relevantes a <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que est\u00e9 <span class=\"_ _3\"></span>potencialmente <span class=\"_ _3\"></span>expuesto <span class=\"_ _3\"></span>y que no est\u00e9n reflejadas en la v<span class=\"_ _3\"></span>aloraci\u00f3n de los<span class=\"_ _3\"></span> pasivos por arrendamiento.<span class=\"_ _f\"></span> 17.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Importes reconocidos en el Es<span class=\"_ _2\"></span>tado de Resultado Cons<span class=\"_ _2\"></span>olidado </span></span>Se <span class=\"_ _f\"></span>detalla <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>contin<span class=\"_ _3\"></span>uaci\u00f3n <span class=\"_ _0\"></span>el <span class=\"_ _f\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>cuentas <span class=\"_ _10\"></span><span class=\"ff6\">\u201cAmortizaci\u00f3n\u201d <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>\u201cGastos <span class=\"_ _0\"></span>Financieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span></span>Estado <span class=\"_ _f\"></span>de Resultado Consolidad<span class=\"_ _3\"></span>o del e<span class=\"_ _2\"></span>jercicio 2025 y 2024 <span class=\"_ _2\"></span>por arrendamientos reconocidos bajo IFRS-16, as\u00ed como las<span class=\"_ _2\"></span> cuotas paga<span class=\"_ _3\"></span>das en el ejercicio por dichos<span class=\"_ _3\"></span> contratos de arrendamiento<span class=\"_ _3\"></span>: <table class=\"s w384 h1b6\" id=\"_5142b4e4-9d83-4a96-a422-0909a39e9a0b\"><tr><td></td><td></td><td></td><td class=\"c x478 y1254 w132 h24\"><div class=\"t_1 m0_1 x43 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x479 y1255 w385 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto<span class=\"_ _65\"> </span></div></td><td class=\"c x47a y1255 w386 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuota<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x47b y1256 w130 h9a\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2025 </div></td><td class=\"c x47c y1256 w131 h9a\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x478 y1256 wc0 h9a\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n </div></td><td class=\"c x47d y1257 w387 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiero</div></td><td class=\"c x47e y1257 w388 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamiento<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x47b y1258 w130 h37\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos biof\u00e1brica Pontevedra </div></td><td class=\"c x47c y1258 w131 h37\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13 y 16<span class=\"ls0_1\"> </span></div></td><td class=\"c x478 y1258 wc0 h37\"><div class=\"t_1 m0_1 x58 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">384   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x47f y1258 w8c h37\"><div class=\"t_1 m0_1 x13 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.532    </span></div></td><td class=\"c x480 y1258 w133 h37\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.570    </span></div></td></tr><tr><td class=\"c x47b y1259 w130 h37\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros terrenos </div></td><td class=\"c x47c y1259 w131 h37\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13 y 16<span class=\"ls0_1\"> </span></div></td><td class=\"c x478 y1259 wc0 h37\"><div class=\"t_1 m0_1 x58 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">650   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x47f y1259 w8c h37\"><div class=\"t_1 m0_1 xcb h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">526   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y1259 w133 h37\"><div class=\"t_1 m0_1 x35 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">959   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x47b y125a w130 h37\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos </div></td><td class=\"c x47c y125a w131 h37\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13 y 16<span class=\"ls0_1\"> </span></div></td><td class=\"c x478 y125a wc0 h37\"><div class=\"t_1 m0_1 x11 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.870    </span></div></td><td class=\"c x47f y125a w8c h37\"><div class=\"t_1 m0_1 x13 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.299    </span></div></td><td class=\"c x480 y125a w133 h37\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.060    </span></div></td></tr><tr><td></td><td></td><td class=\"c x478 y125b wc0 h24\"><div class=\"t_1 m0_1 x11 h58 y583 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6.904   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x47f y125b w8c h24\"><div class=\"t_1 m0_1 x13 h58 y583 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">3.357   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y125b w133 h24\"><div class=\"t_1 m0_1 xcb h58 y583 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11.589   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x47b y125c w130 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Capitalizaci\u00f3n gastos </div></td><td class=\"c x47c y125c w131 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x478 y125c wc0 h24\"><div class=\"t_1 m0_1 x44 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(650)    </div></td><td class=\"c x47f y125c w8c h24\"><div class=\"t_1 m0_1 x1e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(526)    </div></td><td class=\"c x480 y125c w133 h24\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td></tr><tr><td></td><td></td><td class=\"c x478 y125d wc0 h24\"><div class=\"t_1 m0_1 x11 h58 y579 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">6.254   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x47f y125d w8c h24\"><div class=\"t_1 m0_1 x13 h58 y579 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">2.831   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y125d w133 h24\"><div class=\"t_1 m0_1 xcb h58 y579 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">11.589   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x478 y125e w132 h24\"><div class=\"t_1 m0_1 x43 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x479 y106e w385 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto<span class=\"_ _65\"> </span></div></td><td class=\"c x47a y106e w386 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuota<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x47b y125f w130 h9a\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td class=\"c x47c y125f w131 h9a\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x478 y125f wc0 h9a\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n </div></td><td class=\"c x47d y1260 w387 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiero</div></td><td class=\"c x47e y1260 w388 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamiento<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x47b y1261 w130 h37\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos biof\u00e1brica Pontevedra </div></td><td class=\"c x47c y1261 w131 h37\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13 y 16<span class=\"ls0_1\"> </span></div></td><td class=\"c x478 y1261 wc0 h37\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">384   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x47f y1261 w8c h37\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.535    </span></div></td><td class=\"c x480 y1261 w133 h37\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.577    </span></div></td></tr><tr><td class=\"c x47b y1262 w130 h81\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros terrenos </div></td><td class=\"c x47c y1262 w131 h81\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13 y 16<span class=\"ls0_1\"> </span></div></td><td class=\"c x478 y1262 wc0 h81\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">619   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x47f y1262 w8c h81\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">391   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y1262 w133 h81\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.053    </span></div></td></tr><tr><td class=\"c x47b y1263 w130 h37\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos </div></td><td class=\"c x47c y1263 w131 h37\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13 y 16<span class=\"ls0_1\"> </span></div></td><td class=\"c x478 y1263 wc0 h37\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">3.914    </span></div></td><td class=\"c x47f y1263 w8c h37\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">898   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y1263 w133 h37\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.420    </span></div></td></tr><tr><td></td><td></td><td class=\"c x478 y1264 wc0 h24\"><div class=\"t_1 m0_1 x11 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">4.917   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x47f y1264 w8c h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">2.824   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y1264 w133 h24\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">9.050   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x47b y1265 w130 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Capitalizaci\u00f3n gastos </div></td><td class=\"c x47c y1265 w131 h24\"><div class=\"t_1 m0_1 x30 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x478 y1265 wc0 h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"ls0_1\">(638)    </span></div></td><td class=\"c x47f y1265 w8c h24\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(391)    </span></div></td><td class=\"c x480 y1265 w133 h24\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x478 y1266 wc0 h24\"><div class=\"t_1 m0_1 x11 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">4.279   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x47f y1266 w8c h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">2.433   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y1266 w133 h24\"><div class=\"t_1 m0_1 x2e h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">9.050</span><span class=\"lsd\">   <span class=\"ls0_1\"> </span></span></div></td></tr></table>El <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>recon<span class=\"_ _3\"></span>ocido <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>gasto <span class=\"_ _0\"></span>correspond<span class=\"_ _3\"></span>iente <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>arrendamiento<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>corto <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>pagos <span class=\"_ _0\"></span>variab<span class=\"_ _3\"></span>les <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>o incluidos <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>valoraci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>pasivo <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>sido <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span><span class=\"ls10\">1.339</span> <span class=\"_ _f\"></span><span class=\"ff6\">miles<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>\u20ac <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span></span>8<span class=\"ls10\">34</span> <span class=\"_ _f\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac, </span>respectivamente (v<span class=\"_ _3\"></span>\u00e9ase Nota 12).<span class=\"_ _3\"></span> Considerando <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>contratos <span class=\"_ _10\"> </span>vigentes <span class=\"_ _13\"> </span>al <span class=\"_ _10\"> </span>31 <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>dicie<span class=\"_ _3\"></span>mbre <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>202<span class=\"_ _3\"></span>5, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>gasto <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>amort<span class=\"_ _3\"></span>izaci\u00f3n <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>gasto financiero <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>pr\u00f3ximos <span class=\"_ _3\"></span>5 a\u00f1<span class=\"_ _3\"></span>os, <span class=\"_ _3\"></span>vinculados <span class=\"_ _3\"></span>a los<span class=\"_ _3\"></span> activos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por derechos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>us<span class=\"_ _3\"></span>o ser\u00e1 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>7 <span class=\"_ _3\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac </span>y 2,7 <span class=\"ff6\">millones \u20ac, respectiv<span class=\"_ _3\"></span>amente (</span>5<span class=\"ls14\">,9</span> <span class=\"ff6\">millon<span class=\"_ _3\"></span>es \u20ac y </span><span class=\"ls10\">2,</span>6 <span class=\"ff6\">millo<span class=\"_ _3\"></span>nes \u20ac al 31 de diciembre d<span class=\"_ _3\"></span>e 202</span>4).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "18.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Activos biol\u00f3gicos  </span></span>En <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>ep\u00edgraf<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>\u201cActivos <span class=\"_ _f\"></span>biol\u00f3gicos\u201d <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>incluyen <span class=\"_ _f\"></span>exclusivamente <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>vuelos <span class=\"_ _f\"></span>forestales <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo, <span class=\"_ _f\"></span>ya <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>los terrenos <span class=\"_ _2\"></span>propiedad <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Grupo,<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>ubican<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>vuelos <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>presentan <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>el <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _d\"></span>\u201c<span class=\"_ _3\"></span>Propiedad, <span class=\"_ _2\"></span>planta y equipo <span class=\"ff6\">\u2013</span> <span class=\"ff6\">terrenos<span class=\"_ _3\"></span> forestales\u201d. Su v<span class=\"_ _3\"></span>ari</span>aci\u00f3n du<span class=\"_ _3\"></span>rante los ejercicios 2025 y 2024 h<span class=\"_ _3\"></span>a sido la siguient<span class=\"_ _3\"></span>e:<table class=\"s w389 h1b7\" id=\"_d435c60e-9947-4814-9b60-535044e0e110\"><tr><td></td><td></td><td></td><td class=\"c x481 y1267 w134 h37\"><div class=\"t_1 m0_1 x6d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td class=\"c x482 y1268 wa5 h91\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2f\">de </span>diciembre de 2025 </div></td><td class=\"c x483 y1269 w35b h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x484 y1269 w35c h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _65\"> </span></div></td><td class=\"c x485 y1269 w35d h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x486 y1269 w35e h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x487 y126a w38a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td><td class=\"c x488 y126a w360 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x489 y126a w361 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td class=\"c x48a y126a w38b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x482 y126b wa5 h37\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x482 y126c wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales </div></td><td class=\"c x481 y126c w135 h37\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">133.350    </span></div></td><td class=\"c x48b y126c w112 h37\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">6.643    </span></div></td><td class=\"c x48c y126c w136 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(4.887)    </span></div></td><td class=\"c x480 y126c w137 h37\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">135.106    </span></div></td></tr><tr><td class=\"c x482 y126d wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x481 y126d w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(62.791)    </span></div></td><td class=\"c x48b y126d w112 h37\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">(7.216)    </span></div></td><td class=\"c x48c y126d w136 h37\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.590    </span></div></td><td class=\"c x480 y126d w137 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(65.417)    </span></div></td></tr><tr><td class=\"c x482 y126e wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19) </div></td><td class=\"c x481 y126e w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(4.487)    </span></div></td><td class=\"c x48b y126e w112 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x48c y126e w136 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y126e w137 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.487)    </span></div></td></tr><tr><td class=\"c x482 y126f wa5 h37\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio energ\u00eda renovable: </div></td><td class=\"c x481 y1270 w135 h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.072   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48b y1270 w112 h24\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(573)    </span></div></td><td class=\"c x48c y1270 w136 h24\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"ls0_1\">(297)    </span></div></td><td class=\"c x480 y1270 w137 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">65.202   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x482 y1271 wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales </div></td><td class=\"c x481 y1271 w135 h37\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.098    </span></div></td><td class=\"c x48b y1271 w112 h37\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">47   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48c y1271 w136 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(1.216)    </span></div></td><td class=\"c x480 y1271 w137 h37\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">929   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x482 y1272 wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x481 y1272 w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.752)    </span></div></td><td class=\"c x48b y1272 w112 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(124)    </span></div></td><td class=\"c x48c y1272 w136 h37\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.121    </span></div></td><td class=\"c x480 y1272 w137 h37\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(755)    </span></div></td></tr><tr><td class=\"c x482 y1273 wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19) </div></td><td class=\"c x481 y1273 w135 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"ls0_1\">(96)    </span></div></td><td class=\"c x48b y1273 w112 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x48c y1273 w136 h37\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">95   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x480 y1273 w137 h37\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">(1)    </span></div></td></tr><tr><td></td><td class=\"c x481 y1274 w135 h5c\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">250   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48b y1274 w112 h5c\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">(77)    </span></div></td><td class=\"c x48c y1274 w136 h5c\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1274 w137 h5c\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">173   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td class=\"c x481 y1275 w135 h37\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.322   <span class=\"ls0_1\"> </span></span></div></td><td></td><td></td><td class=\"c x480 y1275 w137 h37\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">65.375   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td></td><td class=\"c x481 y1276 w134 h37\" colspan=\"2\"><div class=\"t_1 m0_1 x6d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td></td></tr><tr><td class=\"c x482 y1277 wa5 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td class=\"c x483 y1278 w35b h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x484 y1278 w35c h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _65\"> </span></div></td><td class=\"c x485 y1278 w35d h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x486 y1278 w35e h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x487 y1279 w35f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x488 y1279 w360 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x489 y1279 w361 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td class=\"c x48a y1279 w35f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x482 y127a wa5 h37\"><div class=\"t_1 m0_1 x10 h58 yb4 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x482 y127b wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales </div></td><td class=\"c x481 y127b w135 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">128.782    </span></div></td><td class=\"c x48b y127b w112 h24\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">9.945    </span></div></td><td class=\"c x48c y127b w136 h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(5.377)    </span></div></td><td class=\"c x480 y127b w137 h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">133.350    </span></div></td></tr><tr><td class=\"c x482 y127c wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x481 y127c w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(58.366)    </span></div></td><td class=\"c x48b y127c w112 h37\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">(9.725)    </span></div></td><td class=\"c x48c y127c w136 h37\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.300    </span></div></td><td class=\"c x480 y127c w137 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">    <span class=\"ls0_1\">(62.791)    </span></div></td></tr><tr><td class=\"c x482 y127d wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19) </div></td><td class=\"c x481 y127d w135 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.508)    </span></div></td><td class=\"c x48b y127d w112 h37\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(979)    </span></div></td><td class=\"c x48c y127d w136 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y127d w137 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.487)    </span></div></td></tr><tr><td class=\"c x482 y127e wa5 h37\"><div class=\"t_1 m0_1 x10 h58 yb4 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio energ\u00eda renovable: </div></td><td class=\"c x481 y127f w135 h37\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.908   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48b y127f w112 h37\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(759)    </span></div></td><td class=\"c x48c y127f w136 h37\"><div class=\"t_1 m0_1 x1_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(77)    </span></div></td><td class=\"c x480 y127f w137 h37\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.072   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x482 y1280 wa5 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales </div></td><td class=\"c x481 y1280 w135 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.051    </span></div></td><td class=\"c x48b y1280 w112 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">47   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48c y1280 w136 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1280 w137 h24\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.098    </span></div></td></tr><tr><td class=\"c x482 y1281 wa5 h81\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal </div></td><td class=\"c x481 y1281 w135 h81\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(1.752)    </span></div></td><td class=\"c x48b y1281 w112 h81\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x48c y1281 w136 h81\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1281 w137 h81\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(1.752)    </span></div></td></tr><tr><td class=\"c x482 y1282 wa5 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19) </div></td><td class=\"c x481 y1282 w135 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"ls0_1\">(96)    </span></div></td><td class=\"c x48b y1282 w112 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x48c y1282 w136 h37\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1282 w137 h37\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(96)    </span></div></td></tr><tr><td></td><td class=\"c x481 y1283 w135 h37\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">203   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48b y1283 w112 h37\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">47   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x48c y1283 w136 h37\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x480 y1283 w137 h37\"><div class=\"t_1 m0_1 x44 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">250   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td></td><td class=\"c x481 y1284 w135 h24\"><div class=\"t_1 m0_1 x13 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">67.111   <span class=\"ls0_1\"> </span></span></div></td><td></td><td></td><td class=\"c x480 y1284 w137 h24\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">66.322</span><span class=\"lsd\">   <span class=\"ls0_1\"> </span></span></div></td></tr></table>ENCE <span class=\"_ _3\"></span>ha <span class=\"_ _f\"></span>realizado <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 lab<span class=\"_ _3\"></span>ores <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>plantaci\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span><span class=\"ls10\">934</span> <span class=\"_ _3\"></span>hect\u00e1reas <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>1.<span class=\"_ _3\"></span><span class=\"ls10\">615 <span class=\"_ _3\"></span></span>hect\u00e1reas, respectivamente, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>ha <span class=\"_ _0\"></span>ej<span class=\"_ _3\"></span>ecutado <span class=\"_ _10\"> </span>labores <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>conservaci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>elvicultura <span class=\"_ _10\"></span>sobre <span class=\"_ _13\"> </span>7.797 <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>ect\u00e1reas <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>18.901 hect\u00e1reas, respectivamente, lo que ha supues<span class=\"_ _3\"></span>to una inversi\u00f3n por importe de 6.690 <span class=\"ff6\">miles<span class=\"_ _3\"></span> \u20ac y </span>9.992 <span class=\"ff6\">miles \u20ac, </span>respectivamente. <span class=\"_ _3\"></span>Un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>estas <span class=\"_ _3\"></span>inversion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>5.731 <span class=\"_ _f\"></span><span class=\"ff6\">miles <span class=\"_ _3\"></span>\u20ac <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>202</span>5 <span class=\"_ _3\"></span><span class=\"ls3b\">y <span class=\"_ _f\"></span><span class=\"ls10\">8.915 <span class=\"_ _f\"></span></span></span><span class=\"ff6\">miles <span class=\"_ _3\"></span>\u20ac <span class=\"_ _3\"></span>en </span>202<span class=\"ls0_1\">4 <span class=\"_ _0\"></span><span class=\"ff6\">se <span class=\"_ _10\"></span>recogen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cTrabaj<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>realizad<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ara <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>inmovilizado\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de </span></span>Resultado cons<span class=\"_ _3\"></span>olidado.  Por <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>parte, <span class=\"_ _f\"></span>el Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>capitalizado <span class=\"_ _f\"></span>en ejercicio <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>1.<span class=\"ls10\">176</span> <span class=\"_ _3\"></span>miles <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>euro<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>(1.0<span class=\"ls10\">29</span> <span class=\"_ _f\"></span><span class=\"ff6\">miles \u20ac </span>en <span class=\"_ _10\"> </span>2024<span class=\"_ _3\"></span>) <span class=\"_ _10\"> </span>corr<span class=\"_ _3\"></span>espondiente <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>cuotas <span class=\"_ _10\"> </span>po<span class=\"_ _3\"></span>r <span class=\"_ _10\"> </span>derecho <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>us<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>costes <span class=\"_ _13\"> </span>financieros <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>terreno<span class=\"_ _3\"></span>s <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>estinados <span class=\"_ _13\"> </span>al<span class=\"_ _2\"></span> desarrollo de activo<span class=\"_ _3\"></span>s biol\u00f3gicos (v\u00e9as<span class=\"_ _3\"></span>e Nota 17).<span class=\"_ _3\"></span> ENCE <span class=\"_ _f\"></span>suscribi\u00f3 <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>2018 <span class=\"_ _3\"></span>diversos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>acuerdo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _3\"></span>plazo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>madera <span class=\"_ _f\"></span>procedente <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>patrimonio forestal ubicado en el <span class=\"_ _3\"></span>Sur de E<span class=\"_ _3\"></span>spa\u00f1a. Los a<span class=\"_ _3\"></span>cuerdos est\u00e1n v<span class=\"_ _3\"></span>igentes hasta diciembre de 20<span class=\"_ _3\"></span>30 y los vo<span class=\"_ _3\"></span>l\u00famenes acordados s<span class=\"_ _3\"></span>e sit\u00faan entre 170.000 toneladas<span class=\"_ _3\"></span> y 240.000 to<span class=\"_ _3\"></span>neladas anu<span class=\"_ _3\"></span>ales.<span class=\"_ _65\"> </span>18.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Detalle de vuelos forestales<span class=\"_ _2\"></span>  </span></span>El <span class=\"_ _2\"></span>Grupo ge<span class=\"_ _2\"></span>stiona en <span class=\"_ _d\"></span>la Pen\u00ednsula <span class=\"_ _2\"></span>Ib\u00e9rica <span class=\"_ _2\"></span>una superficie <span class=\"_ _d\"></span>pat<span class=\"_ _3\"></span>rimonial bruta <span class=\"_ _2\"></span>total <span class=\"_ _2\"></span>de 70.100<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>hect\u00e1reas, con <span class=\"_ _2\"></span>una superficie total planta<span class=\"_ _3\"></span>da de 4<span class=\"_ _3\"></span>7.<span class=\"ls10\">662</span> hect\u00e1reas<span class=\"_ _3\"></span>. El detalle d<span class=\"_ _3\"></span>e los vu<span class=\"_ _3\"></span>elos forestales al 31 de <span class=\"_ _3\"></span>diciembre de 202<span class=\"_ _3\"></span>5 y 2024 es el siguiente:<span class=\"_ _3\"></span> A\u00f1o 2025 Pen\u00ednsula Ib\u00e9rica A\u00f1o 2024 Valor Neto Valor Neto Hect\u00e1reas (*) Contable Hect\u00e1reas (*) Contable Edad en A\u00f1os en Miles \u20ac<span class=\"ff3\"> </span>en Miles \u20ac<span class=\"ff3\"> </span>&gt; 17 1.583<span class=\"ls0_1\"> </span>3.<span class=\"lsd\">165</span> 1.391 2.626 14 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> </span></span>16<span class=\"ls0_1\"> </span>4.133<span class=\"ls0_1\"> </span>8.<span class=\"lsd\">783</span> 4.677 9.962 11 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> </span></span>13<span class=\"ls0_1\"> </span>5.<span class=\"lsd\">533</span> 9.<span class=\"lsd\">547</span> 6.285 12.430 8 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> </span></span>10<span class=\"ls0_1\"> </span>5.867<span class=\"ls0_1\"> </span>7.838<span class=\"ls0_1\"> </span>5.645 7.239 4 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> 7</span></span><span class=\"ff6 ls0_1\"><span class=\"ff3\"> </span></span>13.<span class=\"lsd\">245</span> 16.<span class=\"lsd\">201</span> 12.212 14.589 0 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff3\"> 3</span></span><span class=\"ff6 ls0_1\"><span class=\"ff3\"> </span></span>17.<span class=\"lsd\">301</span> 24.329<span class=\"ls0_1\"> </span>19.144 24.059 Deterioro activos biol\u00f3gicos - (4.488) - (4.583)<span class=\"_ _65\"> </span>47.<span class=\"lsd\">662</span> 65<span class=\"lsd\">.375</span> 49.354<span class=\"ls0_1\"> </span>66.322<span class=\"ls0_1\"> </span>(*) Superficie patrimonial p<span class=\"_ _3\"></span>lantada Adicionalmente, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>patrimonio <span class=\"_ _f\"></span>ges<span class=\"_ _3\"></span>tionado <span class=\"_ _f\"></span>incluye <span class=\"_ _f\"></span>2.594 <span class=\"_ _f\"></span>hect\u00e1reas <span class=\"_ _f\"></span>ubicadas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>Portugal <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>vendi\u00f3 en 2013, <span class=\"_ _d\"></span>al suscribirs<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>un acuerdo <span class=\"_ _2\"></span>con el <span class=\"_ _d\"></span>comp<span class=\"_ _3\"></span>rador para <span class=\"_ _2\"></span>la adquisici\u00f3n, a <span class=\"_ _2\"></span>precios de <span class=\"_ _d\"></span>mercado, de la <span class=\"_ _2\"></span>madera producida en la<span class=\"_ _3\"></span> superficie vendida du<span class=\"_ _3\"></span>rante un <span class=\"_ _3\"></span>periodo de 20 a\u00f1os<span class=\"_ _3\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBiologicalAssetsAndGovernmentGrantsForAgriculturalActivityExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "20.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Existencias </span></span>La composici\u00f3n d<span class=\"_ _3\"></span>e las existencias del Grupo<span class=\"_ _3\"></span> al 31 de diciemb<span class=\"_ _3\"></span>re de 2025 y<span class=\"_ _3\"></span> 2024 es la s<span class=\"_ _3\"></span>iguiente:<table class=\"s w38f h1bc\" id=\"_3c69b0f3-ebe3-4b4b-8d06-2af15760c7cb\"><tr><td class=\"c x4b2 y12ae w14e h6d\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x4b3 y12ae w14f h6d\"><div class=\"t_1 m0_1 xe h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x4b4 y12ae w150 h6d\"><div class=\"t_1 m0_1 xe h20 yb4 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4b2 y12af w14e h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Madera y biomasa </div></td><td class=\"c x4b3 y12af w14f h1d\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.443 </div></td><td class=\"c x4b4 y12af w150 h1d\"><div class=\"t_1 m0_1 x58 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.296 </div></td></tr><tr><td class=\"c x4b2 y12b0 w14e h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras materias primas </div></td><td class=\"c x4b3 y12b0 w14f h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.309 </div></td><td class=\"c x4b4 y12b0 w150 h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.462 </div></td></tr><tr><td class=\"c x4b2 y12b1 w14e h1d\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Repuestos de alta rotaci\u00f3n (*) </div></td><td class=\"c x4b3 y12b1 w14f h1d\"><div class=\"t_1 m0_1 x58 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16.032 </div></td><td class=\"c x4b4 y12b1 w150 h1d\"><div class=\"t_1 m0_1 x58 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.809 </div></td></tr><tr><td class=\"c x4b2 y12b2 w14e h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de emisi\u00f3n gases efecto invernadero </div></td><td class=\"c x4b3 y12b2 w14f h1d\"><div class=\"t_1 m0_1 x18 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">11.956  </span></div></td><td class=\"c x4b4 y12b2 w150 h1d\"><div class=\"t_1 m0_1 xb3 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">8.429  </span></div></td></tr><tr><td class=\"c x4b2 y12b3 w14e h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cr\u00e9ditos compensaci\u00f3n de gases efecto invern<span class=\"_ _2\"></span>adero (Nota 23)<span class=\"_ _3\"></span> </div></td><td class=\"c x4b3 y12b3 w14f h72\"><div class=\"t_1 m0_1 xb3 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">1.601  </span></div></td><td class=\"c x4b4 y12b3 w150 h72\"><div class=\"t_1 m0_1 xb3 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">1.228  </span></div></td></tr><tr><td class=\"c x4b2 y12b4 w14e h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Productos terminados y en curso </div></td><td class=\"c x4b3 y12b4 w14f h1d\"><div class=\"t_1 m0_1 x18 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"lsd\">28.321 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x4b4 y12b4 w150 h1d\"><div class=\"t_1 m0_1 x18 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">38.547  </span></div></td></tr><tr><td class=\"c x4b2 y12b5 w14e h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos a proveedores </div></td><td class=\"c x4b3 y12b5 w14f h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.095 </div></td><td class=\"c x4b4 y12b5 w150 h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.002 </div></td></tr><tr><td class=\"c x4b2 y12b6 w14e h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Proyectos en promoci\u00f3n </div></td><td class=\"c x4b3 y12b6 w14f h1d\"><div class=\"t_1 m0_1 x18 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">12.123  </span></div></td><td class=\"c x4b4 y12b6 w150 h1d\"><div class=\"t_1 m0_1 xb3 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">7.112  </span></div></td></tr><tr><td class=\"c x4b2 y12b7 w14e h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioros (Nota 19) </div></td><td class=\"c x4b3 y12b7 w14f h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(9.734) </span></div></td><td class=\"c x4b4 y12b7 w150 h1d\"><div class=\"t_1 m0_1 x22 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">(2.279) </span></div></td></tr><tr><td></td><td class=\"c x4b3 y12b8 w14f hcf\"><div class=\"t_1 m0_1 x58 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">92.146<span class=\"ls0_1\"> </span></div></td><td class=\"c x4b4 y12b8 w150 hcf\"><div class=\"t_1 m0_1 x58 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.606<span class=\"ls0_1\"> </span></div></td></tr></table>(*) <span class=\"_ _1b\"> </span>Se presentan valores netos de de<span class=\"_ _3\"></span>terioro por importe de <span class=\"lsd\">14.791</span> miles <span class=\"ff6\">\u20ac</span> <span class=\"ls35\">y </span>14.264 <span class=\"ff6\">miles \u20ac</span> al 31/<span class=\"lsd\">12</span>/<span class=\"lsd\">202</span>5 y <span class=\"ls30\">al</span> <span class=\"lsd\">31/12/20</span>24, respectivamente. El sald<span class=\"_ _3\"></span>o recogido <span class=\"_ _3\"></span>en la<span class=\"_ _3\"></span> cuenta<span class=\"_ _3\"></span> \u201cProy<span class=\"_ _3\"></span>ectos en <span class=\"_ _3\"></span>promoci\u00f3n\u201d <span class=\"_ _3\"></span>se corres<span class=\"_ _3\"></span>ponde<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>1) <span class=\"ls22\">la<span class=\"_ _3\"></span></span>s inv<span class=\"_ _3\"></span>ersion<span class=\"ls20\">es</span> <span class=\"_ _3\"></span>efectuadas<span class=\"_ _3\"></span> </span>en 1 <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>royecto de <span class=\"_ _2\"></span>construcci\u00f3n de una <span class=\"_ _2\"></span>caldera de <span class=\"_ _2\"></span>biomasa para <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>generaci\u00f3n de <span class=\"_ _2\"></span>calor industrial por importe de <span class=\"_ _3\"></span>3.471 miles<span class=\"_ _3\"></span> \u20ac <span class=\"_ _3\"></span><span class=\"ff3\">cu<span class=\"_ _3\"></span>yo <span class=\"_ _3\"></span>destino, <span class=\"_ _3\"></span>una v<span class=\"_ _3\"></span>ez finalizad<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>construcci\u00f3n, <span class=\"_ _3\"></span>ser\u00e1 <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>venta <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>terceros<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2) <span class=\"_ _3\"></span>2 <span class=\"_ _3\"></span>proyectos </span>fotovoltaicos <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>potencia <span class=\"_ _3\"></span>conju<span class=\"_ _3\"></span>nta <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>223 <span class=\"_ _3\"></span>MW <span class=\"_ _f\"></span>ubicados <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Sevilla,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>Granada<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>8.652 miles <span class=\"_ _10\"> </span><span class=\"ffe fs4 ls1\">\u20ac <span class=\"_ _10\"> </span></span>(v<span class=\"_ _3\"></span>\u00e9ase <span class=\"_ _10\"> </span>Nota <span class=\"_ _13\"> </span>1)<span class=\"ls13\">. <span class=\"_ _10\"></span></span>El <span class=\"_ _10\"> </span>Grupo <span class=\"_ _10\"> </span>ha <span class=\"_ _13\"> </span>registrado <span class=\"_ _10\"></span>un <span class=\"_ _10\"> </span>deterioro <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>alor <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>los <span class=\"_ _13\"> </span>proyectos <span class=\"_ _10\"></span>fotovoltaicos <span class=\"_ _10\"> </span>al estimarse <span class=\"_ _19\"> </span>qu<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>su <span class=\"_ _15\"> </span>importe <span class=\"_ _15\"> </span>recuperable <span class=\"_ _15\"> </span>es <span class=\"_ _19\"> </span>in<span class=\"_ _3\"></span>ferior <span class=\"_ _19\"> </span>al <span class=\"_ _15\"> </span>valor <span class=\"_ _15\"> </span>en <span class=\"_ _19\"> </span>libros<span class=\"_ _3\"></span>. <span class=\"_ _19\"> </span>El <span class=\"_ _15\"> </span>importe <span class=\"_ _19\"> </span>recuperable <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>ha determinado por su valor razonable menos los costes de venta, <span class=\"_ _2\"></span>estimado a partir de precios de <span class=\"_ _2\"></span>mercado.<span class=\"_ _3\"></span> El<span class=\"_ _65\"> </span>deterioro <span class=\"_ _f\"></span>reconocido <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>proyectos <span class=\"_ _f\"></span>fotovoltaicos <span class=\"_ _f\"></span>asciende <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>7.171 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span><span class=\"ff3\"> </span>(2.279 miles \u20ac a 31 de dici<span class=\"_ _3\"></span>embre 2024).<span class=\"ff3\"> </span>En <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>ejercicio <span class=\"_ _16\"> </span>2024, <span class=\"_ _16\"> </span>Magno<span class=\"_ _3\"></span>n <span class=\"_ _16\"> </span>Green <span class=\"_ _16\"> </span>Energy <span class=\"_ _16\"> </span>S.L. <span class=\"_ _16\"> </span>compl<span class=\"_ _3\"></span>et\u00f3 <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>venta <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span><span class=\"ls15\">un</span> <span class=\"_ _16\"> </span>proyecto <span class=\"_ _16\"> </span>fotovo<span class=\"_ _3\"></span>ltaico <span class=\"_ _16\"> </span>en construcci\u00f3n, en la localidad <span class=\"ls15\">de</span> Huelva, con una capacidad de 10 <span class=\"_ _2\"></span>MW, y un precio de venta de 2,2 millones \u20ac.<span class=\"ff3 ls0_1\"> </span>No existe ninguna <span class=\"_ _3\"></span>limitaci\u00f3n en la d<span class=\"_ _3\"></span>isponibilidad de las exis<span class=\"_ _3\"></span>tencias. <span class=\"_ _3\"></span> El <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>suscrito <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>contratos <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>suministradores <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>dquisici\u00f3n<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>lo<span class=\"_ _2\"></span>s pr\u00f3ximos <span class=\"_ _10\"></span>dos <span class=\"_ _10\"></span>a\u00f1os, <span class=\"_ _0\"></span>de <span class=\"_ _10\"> </span>0,9 <span class=\"_ _10\"> </span>millones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>toneladas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>biomasa <span class=\"_ _10\"> </span>destinada <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span>s <span class=\"_ _10\"></span>plantas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de energ\u00eda.  La pol\u00edtica <span class=\"_ _2\"></span>del Grupo e<span class=\"_ _2\"></span>s formalizar p\u00f3lizas de <span class=\"_ _2\"></span>seguros para cubrir <span class=\"_ _2\"></span>los posibles riesgos <span class=\"_ _2\"></span>a que <span class=\"_ _2\"></span>est\u00e1n sujetas sus existencias, estim\u00e1ndos<span class=\"_ _3\"></span>e que la cobertura d<span class=\"_ _3\"></span>e estos riesgos a 31 de diciembr<span class=\"_ _3\"></span>e de 202<span class=\"_ _3\"></span>5 y 2024 es<span class=\"_ _3\"></span> adecuada. 20.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Derechos de emisi\u00f3n </span></span>Los <span class=\"_ _3\"></span>movimientos <span class=\"_ _3\"></span>habidos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>en relaci\u00f3n<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>de e<span class=\"_ _3\"></span>misi\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>gases <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>efecto <span class=\"_ _3\"></span>invernad<span class=\"_ _3\"></span>ero titu<span class=\"_ _3\"></span>laridad del Grupo duran<span class=\"_ _3\"></span>te los ejercicios <span class=\"_ _3\"></span><span class=\"ls10\">2025 </span>y 2024 han<span class=\"_ _3\"></span> sido los siguientes:<span class=\"_ _3\"></span> <table class=\"s w390 h1bd\" id=\"_e196dc05-dc2d-4079-a3a7-3e2c75045fb6\"><tr><td></td><td class=\"c x4b6 y12b9 w118 hd1\"><div class=\"t_1 m0_1 x1d h20 y45 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td><td></td><td></td><td class=\"c x4b7 y12b9 w152 hd1\"><div class=\"t_1 m0_1 xcb h20 y45 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></td></tr><tr><td></td><td class=\"c x4b8 y12ba w391 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de</div></td><td class=\"c x4b9 y12ba w392 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _65\"> </span></div></td><td class=\"c x4ba y12ba w391 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de</div></td><td class=\"c x4bb y12ba w393 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x4bc y12bb w362 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos<span class=\"_ _65\"> </span></div></td><td class=\"c x4bd y12bb w394 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Euros<span class=\"_ _65\"> </span></div></td><td class=\"c x2ef y12bb w395 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos</div></td><td class=\"c x4be y12bb w394 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Euros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x4bf y12bc w39 h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo inicial </div></td><td class=\"c x4b6 y12bc w153 h6c\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">119.261 </div></td><td class=\"c x4c0 y12bc w154 h6c\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.429 </div></td><td class=\"c x4b7 y12bc wdc h6c\"><div class=\"t_1 m0_1 x2b h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">171.762 </div></td><td class=\"c x4c1 y12bc w155 h6c\"><div class=\"t_1 m0_1 x2b h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.909 </div></td></tr><tr><td class=\"c x4bf y12bd w39 h6e\"><div class=\"t_1 m0_1 x10 h20 y11b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Asignaciones (Nota 23) </div></td><td class=\"c x4b6 y12bd w153 h6e\"><div class=\"t_1 m0_1 x1f h20 ybb ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">106.010 </div></td><td class=\"c x4c0 y12bd w154 h6e\"><div class=\"t_1 m0_1 x3a h20 ybb ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.722 </div></td><td class=\"c x4b7 y12bd wdc h6e\"><div class=\"t_1 m0_1 x2f h20 y11b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">93.968 </div></td><td class=\"c x4c1 y12bd w155 h6e\"><div class=\"t_1 m0_1 x2f h20 y11b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.876 </div></td></tr><tr><td class=\"c x4bf y12be w39 h6d\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Devoluciones (*) </div></td><td class=\"c x4b6 y12be w153 h6d\"><div class=\"t_1 m0_1 xc h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(168.853) </div></td><td class=\"c x4c0 y12be w154 h6d\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.986) </div></td><td class=\"c x4b7 y12be wdc h6d\"><div class=\"t_1 m0_1 xe h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(182.469) </div></td><td class=\"c x4c1 y12be w155 h6d\"><div class=\"t_1 m0_1 xe h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(11.750) </div></td></tr><tr><td class=\"c x4bf y12bf w39 h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adquisici\u00f3n </div></td><td class=\"c x4b6 y12bf w153 h6c\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">107.902 </div></td><td class=\"c x4c0 y12bf w154 h6c\"><div class=\"t_1 m0_1 x3a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.791 </div></td><td class=\"c x4b7 y12bf wdc h6c\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">36.000 </div></td><td class=\"c x4c1 y12bf w155 h6c\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.394 </div></td></tr><tr><td class=\"c x4bf y12c0 w39 h47\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo final </div></td><td class=\"c x4b6 y12c0 w153 h47\"><div class=\"t_1 m0_1 x1f h58 y89a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">164.320<span class=\"ls0_1\"> </span></div></td><td class=\"c x4c0 y12c0 w154 h47\"><div class=\"t_1 m0_1 x2_1 h58 y89a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.956<span class=\"ls0_1\"> </span></div></td><td class=\"c x4b7 y12c0 wdc h47\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">119.261<span class=\"ls0_1\"> </span></div></td><td class=\"c x4c1 y12c0 w155 h47\"><div class=\"t_1 m0_1 x2f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.429<span class=\"ls0_1\"> </span></div></td></tr></table>(*) Corresponde con los derechos consumidos e<span class=\"_ _2\"></span>l a\u00f1o anterior.<span class=\"_ _3\"></span> El 13 de julio <span class=\"_ _2\"></span>de 2021, el Consejo de Ministros aprob\u00f3 el Nuevo Plan de Asignaci\u00f3n gratuit<span class=\"_ _3\"></span>a de derechos de emisi\u00f3n de gases de efecto inv<span class=\"_ _3\"></span>ernadero para el periodo 2021<span class=\"_ _3\"></span>-2025. En el marco de d<span class=\"_ _3\"></span>icho Plan, el Grupo ha recibido <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>derechos <span class=\"_ _f\"></span>correspondientes<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>106.010 <span class=\"_ _f\"></span>toneladas <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>CO2 <span class=\"_ _f\"></span>valorado<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>7.722 <span class=\"_ _f\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _3\"></span>(en </span>2024 <span class=\"ls0_1\">se recibieron d<span class=\"_ _3\"></span>erechos correspon<span class=\"_ _3\"></span>dientes a <span class=\"_ _3\"></span>93.968 toneladas d<span class=\"_ _3\"></span>e CO2 valorados en <span class=\"_ _3\"></span>6.876<span class=\"ff6\">miles \u20ac).<span class=\"_ _3\"></span></span> </span>El <span class=\"_ _3\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cProvisiones\u201d <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>pasivo <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>corto <span class=\"_ _f\"></span>plazo <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>Estado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Situaci\u00f3n <span class=\"_ _3\"></span>Fina<span class=\"_ _3\"></span>nciera <span class=\"_ _f\"></span>consolidado <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span><span class=\"ls17\">y <span class=\"_ _f\"></span></span>2024 <span class=\"_ _f\"></span>recoge <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3.146 <span class=\"_ _f\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span></span><span class=\"ls10\">12.</span>485 <span class=\"_ _f\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac, <span class=\"_ _f\"></span>respectivamente, <span class=\"_ _f\"></span>corresp<span class=\"_ _3\"></span>ondientes <span class=\"_ _f\"></span>al </span>pasivo <span class=\"_ _23\"> </span>d<span class=\"_ _3\"></span>erivado <span class=\"_ _23\"> </span>del <span class=\"_ _23\"> </span>con<span class=\"_ _3\"></span>sumo <span class=\"_ _23\"> </span>en <span class=\"_ _e\"> </span>dichos <span class=\"_ _23\"> </span>ejercicios <span class=\"_ _e\"> </span>de <span class=\"_ _23\"> </span>1<span class=\"_ _3\"></span><span class=\"ls10\">76.697 <span class=\"_ _e\"> </span></span>derechos <span class=\"_ _e\"> </span>y <span class=\"_ _e\"> </span>176.926 <span class=\"_ _23\"> </span>derechos, respectivamente (v\u00e9as<span class=\"_ _3\"></span>e Nota 31).<span class=\"_ _65\"> </span>El Grupo mantiene al 31 de diciembre de 2025contratos de compra a plazo de 10.062 d<span class=\"_ _3\"></span>erechos a un precio medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>83,16 <span class=\"_ _f\"></span>euros <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>tonelada<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(24.000 <span class=\"_ _3\"></span>derechos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>20<span class=\"_ _3\"></span>24 <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>precio <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>68,76 euros tonelada)<span class=\"_ _3\"></span>. Estos contratos p<span class=\"_ _3\"></span>revisiblemente se ejecutar\u00e1n en<span class=\"_ _3\"></span> 2026<span class=\"ls13\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "21.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Patrimonio neto </span></span>21.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Capital social </span></span>El capita<span class=\"_ _3\"></span>l social <span class=\"_ _3\"></span>de ENCE<span class=\"_ _3\"></span> Ener<span class=\"_ _3\"></span>g\u00eda y <span class=\"_ _3\"></span>Celulosa, <span class=\"_ _3\"></span>S.A., <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 de<span class=\"_ _3\"></span> dicie<span class=\"_ _3\"></span>mbre de <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y 2024<span class=\"_ _3\"></span> est\u00e1 <span class=\"_ _3\"></span>representad<span class=\"_ _3\"></span>o por 246.272.500 <span class=\"_ _19\"> </span>accion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>al <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>ortador <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>0,9 <span class=\"_ _19\"> </span>euro<span class=\"_ _3\"></span>s <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>v<span class=\"_ _3\"></span>alor <span class=\"_ _19\"> </span>nominal <span class=\"_ _15\"> </span>cada <span class=\"_ _15\"> </span>una, <span class=\"_ _15\"> </span>totalmente <span class=\"_ _19\"> </span>suscritas<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>y desembolsadas.  Al <span class=\"_ _10\"></span>estar <span class=\"_ _10\"> </span>representadas <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>acciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"></span>por <span class=\"_ _10\"> </span>anotaciones <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>cuenta, <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>conoce <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>exactitud <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> participaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>los <span class=\"_ _19\"> </span>accionistas <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el <span class=\"_ _19\"> </span>capital <span class=\"_ _19\"> </span>social. <span class=\"_ _19\"> </span>E<span class=\"_ _3\"></span>l <span class=\"_ _16\"> </span>cuadro <span class=\"_ _19\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _16\"> </span>figura <span class=\"_ _19\"> </span>a <span class=\"_ _15\"> </span>continuaci\u00f3n <span class=\"_ _19\"> </span>recoge <span class=\"_ _19\"> </span>las participaciones <span class=\"_ _3\"></span>significativas, d<span class=\"_ _3\"></span>irectas e <span class=\"_ _3\"></span>indirectas<span class=\"_ _3\"></span>, en <span class=\"_ _3\"></span>el capital <span class=\"_ _3\"></span>social d<span class=\"_ _3\"></span>e ENCE a <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 de <span class=\"_ _3\"></span>diciembre de 2025 <span class=\"_ _3\"></span><span class=\"ls17\">y </span>202<span class=\"ls0_1\">4, <span class=\"_ _15\"> </span>as\u00ed <span class=\"_ _17\"> </span>como, <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>su <span class=\"_ _17\"> </span>caso, <span class=\"_ _15\"> </span>los <span class=\"_ _17\"> </span>instrumentos <span class=\"_ _17\"> </span>financieros <span class=\"_ _15\"> </span>comun<span class=\"_ _3\"></span>icados <span class=\"_ _15\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _15\"> </span>los <span class=\"_ _17\"> </span>titulares <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>ichas </span>participaciones a <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>registros <span class=\"_ _2\"></span>oficiales <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la Comisi\u00f3n Nacional <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Mercad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>Valores (en <span class=\"_ _d\"></span>ad<span class=\"_ _3\"></span>elant<span class=\"_ _3\"></span>e, <span class=\"_ _2\"></span>CNMV) o a la propia so<span class=\"_ _3\"></span>ciedad de acuerdo con lo<span class=\"_ _3\"></span> dispuesto en el Real Decreto <span class=\"_ _3\"></span>1362/<span class=\"_ _3\"></span>2007, de 19 de octub<span class=\"_ _3\"></span>re: % <table class=\"s w396 h1be\" id=\"_43ad677a-00a1-4c08-8d3c-4b737fce190c\"><tr><td class=\"c x4c3 y12c1 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Accionista </div></td><td class=\"c x4c4 y12c1 w158 h97\"><div class=\"t_1 m0_1 x31 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x4c5 y12c1 w159 h97\"><div class=\"t_1 m0_1 x86 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4c3 y12c2 w156 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Juan Luis Arregui / Retos Operativos XXI, S.L. </div></td><td class=\"c x4c4 y12c2 w158 h66\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29,44 </div></td><td class=\"c x4c5 y12c2 w159 h66\"><div class=\"t_1 m0_1 x32 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29,44 </div></td></tr><tr><td class=\"c x4c3 y12c3 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Atlas GP Global Holding LLC/ Prometheus IV LLC </div></td><td class=\"c x4c4 y12c3 w158 h97\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10,01 </div></td><td class=\"c x4c5 y12c3 w159 h97\"><div class=\"t_1 m0_1 x32 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10,00 </div></td></tr><tr><td class=\"c x4c3 y12c4 w156 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. V\u00edctor Urrutia Vallejo/ As\u00faa Inversiones, S.L. </div></td><td class=\"c x4c4 y12c4 w158 h66\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10,00 </div></td><td class=\"c x4c5 y12c4 w159 h66\"><div class=\"t_1 m0_1 x45 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,38 </div></td></tr><tr><td class=\"c x4c3 y12c5 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jose Ignacio Comenge / MENDIBEA 2002 S.L. </div></td><td class=\"c x4c4 y12c5 w158 h97\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,38 </div></td><td class=\"c x4c5 y12c5 w159 h97\"><div class=\"t_1 m0_1 x45 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,89 </div></td></tr><tr><td class=\"c x4c3 y12c6 w156 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Autocartera </div></td><td class=\"c x4c4 y12c6 w158 h66\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,63 </div></td><td class=\"c x4c5 y12c6 w159 h66\"><div class=\"t_1 m0_1 x45 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,46 </div></td></tr><tr><td class=\"c x4c3 y12c7 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miembros del Consejo con participaci\u00f3n &lt; 3% </div></td><td class=\"c x4c4 y12c7 w158 h97\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">0,63 </div></td><td class=\"c x4c5 y12c7 w159 h97\"><div class=\"t_1 m0_1 x45 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">0,63 </div></td></tr><tr><td class=\"c x4c3 y12c8 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Free Float </div></td><td class=\"c x4c4 y12c8 w158 h97\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41,<span class=\"lsd\">91</span> </div></td><td class=\"c x4c5 y12c8 w159 h97\"><div class=\"t_1 m0_1 x32 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">47,<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x4c3 y12c9 w156 h98\"><div class=\"t_1 m0_1 x10 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x4c4 y12c9 w158 h98\"><div class=\"t_1 m0_1 xcb h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">100,00 </div></td><td class=\"c x4c5 y12c9 w159 h98\"><div class=\"t_1 m0_1 x1d h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">100,00 </div></td></tr></table>Las accion<span class=\"_ _3\"></span>es de la <span class=\"_ _3\"></span>Sociedad <span class=\"_ _3\"></span>Dominante est\u00e1n <span class=\"_ _3\"></span>admitidas a negociaci\u00f3n <span class=\"_ _3\"></span>oficial en las<span class=\"_ _3\"></span> Bolsas <span class=\"_ _3\"></span>Espa\u00f1olas y <span class=\"_ _3\"></span>en el Mercado continuo, go<span class=\"_ _3\"></span>zando todas ellas<span class=\"_ _3\"></span> de iguales derechos p<span class=\"_ _3\"></span>ol\u00edticos y econ\u00f3micos.<span class=\"_ _65\"> </span>21.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Prima de emisi\u00f3n </span></span>El <span class=\"_ _f\"></span>Texto <span class=\"_ _3\"></span>Refundid<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Ley <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Cap<span class=\"_ _3\"></span>ital <span class=\"_ _f\"></span>permite <span class=\"_ _3\"></span>expres<span class=\"_ _3\"></span>amente <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>utilizac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>saldo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la prima <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>emisi\u00f3n <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>amp<span class=\"_ _3\"></span>liar <span class=\"_ _19\"> </span>capita<span class=\"_ _3\"></span>l <span class=\"_ _19\"> </span>y <span class=\"_ _15\"> </span>no <span class=\"_ _15\"> </span>establece <span class=\"_ _15\"> </span>restricci\u00f3n <span class=\"_ _15\"> </span>espec\u00edfica <span class=\"_ _15\"> </span>alguna <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>cuanto <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>la disponibilidad<span class=\"_ _3\"></span> del mismo.  21.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Reservas </span></span>A <span class=\"_ _10\"></span>continuaci\u00f3n, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>presenta <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>movimiento <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>reservas <span class=\"_ _10\"> </span>desglosado <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>categor\u00eda <span class=\"_ _10\"> </span>corresp<span class=\"_ _3\"></span>ondiente <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>los ejercicios 2025 y 2024<span class=\"_ _3\"></span>:<table class=\"s w397 h1bf\" id=\"_6c2ce9a1-8289-4c1e-8c9d-c0c2ed2c96b4\"><tr><td></td><td></td><td class=\"c x4c7 y12ca w398 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reserva <span class=\"_ _2\"></span>por<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x4c8 y12cb w15b h7f\"><div class=\"t_1 m0_1 x27 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas<span class=\"_ _2\"></span> de la Sociedad D<span class=\"_ _2\"></span>ominante </div></td><td class=\"c x4c9 y12cc w399 h1c0\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Resultad<span class=\"_ _2\"></span>os</div></td><td class=\"c x4ca y12cd w39a h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas<span class=\"_ _65\"> </span></div></td><td class=\"c x4cb y12cd w39a h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas<span class=\"_ _65\"> </span></div></td><td class=\"c x4cc y12ce w274 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Total<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x4cd y12cf w39b h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reserva<span class=\"_ _65\"> </span></div></td><td class=\"c x4ce y12d0 w39c h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">capital<span class=\"_ _65\"> </span></div></td><td class=\"c x4cf y12cf w39d h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reserva <span class=\"_ _2\"></span>de<span class=\"_ _65\"> </span></div></td><td class=\"c x4d0 y12cf w39a h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas<span class=\"_ _65\"> </span></div></td><td class=\"c x4d1 y12cf w39e h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">negativos de</div></td><td class=\"c x4d2 y12d1 w39f h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">consoli<span class=\"_ _2\"></span>daci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x4d3 y12d1 w3a0 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">m\u00e9todo de<span class=\"_ _65\"> </span></div></td><td class=\"c x4d4 y12d2 w3a1 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">reservas<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x4d5 y12d3 w3a2 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Legal<span class=\"_ _65\"> </span></div></td><td class=\"c x4d6 y12d4 w3a3 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">amortizado</div></td><td class=\"c x4d7 y12d3 w3a4 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">capitali<span class=\"_ _2\"></span>zaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x4d8 y12d3 w3a5 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">voluntar<span class=\"_ _2\"></span>ias<span class=\"_ _65\"> </span></div></td><td class=\"c x4d9 y12d3 w3a6 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">ejercicios<span class=\"_ _65\"> </span></div></td><td class=\"c x4da y12d5 w3a7 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">global<span class=\"_ _65\"> </span></div></td><td class=\"c x4db y12d5 w3a8 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">partici<span class=\"_ _2\"></span>paci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x4dc y12d6 w118 hd6\"><div class=\"t_1 m0_1 x10 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _2\"></span> Euros </div></td><td></td><td></td><td></td><td></td><td class=\"c x4dd y12d7 w3a9 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">anterio<span class=\"_ _2\"></span>res<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x4dc y12d8 w118 h46\"><div class=\"t_1 m0_1 x10 h10 y583 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos al 31 de di<span class=\"_ _2\"></span>ciembre de 202<span class=\"_ _2\"></span>3  </div></td><td class=\"c x4c8 y12d8 w86 h46\"><div class=\"t_1 m0_1 xc h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">45.049<span class=\"ls0_1\"> </span></div></td><td class=\"c x4de y12d8 wfc h46\"><div class=\"t_1 m0_1 x3a h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">10.566<span class=\"ls0_1\"> </span></div></td><td class=\"c x4df y12d8 w135 h46\"><div class=\"t_1 m0_1 x1d h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">773<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e0 y12d8 w15e h46\"><div class=\"t_1 m0_1 x3a h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">19.118<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12d8 w14a h46\"><div class=\"t_1 m0_1 x32 h10 y35 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e2 y12d8 w15c h46\"><div class=\"t_1 m0_1 xcb h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">61.849<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e3 y12d8 w20 h46\"><div class=\"t_1 m0_1 x20 h10 y35 ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(106)<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e4 y12d8 w15d h46\"><div class=\"t_1 m0_1 x3a h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">137.249<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y12d9 w3aa h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Distribuci<span class=\"_ _2\"></span>\u00f3n del Resultado<span class=\"_ _2\"></span> del<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y12da w3ab h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">ejercicio a<span class=\"_ _2\"></span>nterior<span class=\"_ _65\"> </span></div></td><td class=\"c x4c8 y12db w86 h2c\"><div class=\"t_1 m0_1 x58 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4de y12db wfc h2c\"><div class=\"t_1 m0_1 x35 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4df y12db w135 h2c\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e0 y12db w15e h2c\"><div class=\"t_1 m0_1 x1d hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e1 y12db w14a h2c\"><div class=\"t_1 m0_1 x1f hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(34.455) </div></td><td class=\"c x4e2 y12db w15c h2c\"><div class=\"t_1 m0_1 x2e hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">9.735 </div></td><td class=\"c x4e3 y12db w20 h2c\"><div class=\"t_1 m0_1 x16 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e4 y12db w15d h2c\"><div class=\"t_1 m0_1 x3a hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(24.720) </div></td></tr><tr><td class=\"c x4dc y12dc w118 h7f\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Operacio<span class=\"_ _2\"></span>nes con Acciones Pr<span class=\"_ _2\"></span>opias </div></td><td class=\"c x4c8 y12dc w86 h7f\"><div class=\"t_1 m0_1 x58 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4de y12dc wfc h7f\"><div class=\"t_1 m0_1 x35 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4df y12dc w135 h7f\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e0 y12dc w15e h7f\"><div class=\"t_1 m0_1 x11 hf y35 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">169<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12dc w14a h7f\"><div class=\"t_1 m0_1 x32 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e2 y12dc w15c h7f\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e3 y12dc w20 h7f\"><div class=\"t_1 m0_1 x16 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e4 y12dc w15d h7f\"><div class=\"t_1 m0_1 x44 hf y35 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">169<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4dc y12dd w118 h7f\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Minorit<span class=\"_ _2\"></span>arios y otros movi<span class=\"_ _2\"></span>mientos </div></td><td class=\"c x4c8 y12dd w86 h7f\"><div class=\"t_1 m0_1 x58 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4de y12dd wfc h7f\"><div class=\"t_1 m0_1 x35 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4df y12dd w135 h7f\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e0 y12dd w15e h7f\"><div class=\"t_1 m0_1 x11 hf y35 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">197<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12dd w14a h7f\"><div class=\"t_1 m0_1 x32 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e2 y12dd w15c h7f\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e3 y12dd w20 h7f\"><div class=\"t_1 m0_1 x16 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e4 y12dd w15d h7f\"><div class=\"t_1 m0_1 x44 hf y35 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">197<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4dc y12de w118 h7f\"><div class=\"t_1 m0_1 x10 h10 y5b ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos al 31 de di<span class=\"_ _2\"></span>ciembre de 202<span class=\"_ _2\"></span>4 </div></td><td class=\"c x4c8 y12de w86 h7f\"><div class=\"t_1 m0_1 xc h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">45.049<span class=\"ls0_1\"> </span></div></td><td class=\"c x4de y12de wfc h7f\"><div class=\"t_1 m0_1 x3a h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">10.566<span class=\"ls0_1\"> </span></div></td><td class=\"c x4df y12de w135 h7f\"><div class=\"t_1 m0_1 x1d h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">773<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e0 y12de w15e h7f\"><div class=\"t_1 m0_1 x3a h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">19.484<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12de w14a h7f\"><div class=\"t_1 m0_1 x1f h10 y47 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(34.455) </div></td><td class=\"c x4e2 y12de w15c h7f\"><div class=\"t_1 m0_1 xcb h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">71.584<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e3 y12de w20 h7f\"><div class=\"t_1 m0_1 x20 h10 y47 ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(106)<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e4 y12de w15d h7f\"><div class=\"t_1 m0_1 x3a h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">112.895<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y12df w3aa h1c1\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Distribuci<span class=\"_ _2\"></span>\u00f3n del Resultado<span class=\"_ _2\"></span> del<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y12e0 w3ab h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">ejercicio a<span class=\"_ _2\"></span>nterior</div></td><td class=\"c x4c8 y12e1 w86 hd7\"><div class=\"t_1 m0_1 x1d hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                        </div><div class=\"t_1 m0_1 x58 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4de y12e1 wfc hd7\"><div class=\"t_1 m0_1 x32 hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                          </div><div class=\"t_1 m0_1 x35 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4df y12e1 w135 hd7\"><div class=\"t_1 m0_1 x99 hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                                 </div><div class=\"t_1 m0_1 x45 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4e0 y12e1 w15e hd7\"><div class=\"t_1 m0_1 x1a hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                          </div><div class=\"t_1 m0_1 x1d hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4e1 y12e1 w14a hd7\"><div class=\"t_1 m0_1 x30 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">12.769<span class=\"ls5\">   </span> </div></td><td class=\"c x4e2 y12e1 w15c hd7\"><div class=\"t_1 m0_1 x99 hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">               </div><div class=\"t_1 m0_1 xc7 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(15.190)    </div></td><td class=\"c x4e3 y12e1 w20 hd7\"><div class=\"t_1 m0_1 x45 hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                                </div><div class=\"t_1 m0_1 x16 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4e4 y12e1 w15d hd7\"><div class=\"t_1 m0_1 x3a hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> ( 2.421)<span class=\"ls5\">   </span> </div></td></tr><tr><td class=\"c x4dc y12e2 w118 h7f\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Operacio<span class=\"_ _2\"></span>nes con Acciones Pr<span class=\"_ _2\"></span>opias </div></td><td class=\"c x4c8 y12e2 w86 h7f\"><div class=\"t_1 m0_1 x44 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4de y12e2 wfc h7f\"><div class=\"t_1 m0_1 x57 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4df y12e2 w135 h7f\"><div class=\"t_1 m0_1 x4a hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4e0 y12e2 w15e h7f\"><div class=\"t_1 m0_1 x22 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(455)    </div></td><td class=\"c x4e1 y12e2 w14a h7f\"><div class=\"t_1 m0_1 x35 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4e2 y12e2 w15c h7f\"><div class=\"t_1 m0_1 x4a hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4e3 y12e2 w20 h7f\"><div class=\"t_1 m0_1 x41 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4e4 y12e2 w15d h7f\"><div class=\"t_1 m0_1 x11 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(455)    </div></td></tr><tr><td class=\"c x4dc y12e3 w118 hd8\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Oros movimie<span class=\"_ _2\"></span>ntos </div></td><td class=\"c x4c8 y12e3 w86 hd8\"><div class=\"t_1 m0_1 x58 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4de y12e3 wfc hd8\"><div class=\"t_1 m0_1 x35 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4df y12e3 w135 hd8\"><div class=\"t_1 m0_1 x1d hf y60e ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">725<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e0 y12e3 w15e hd8\"><div class=\"t_1 m0_1 x22 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(725) </div></td><td class=\"c x4e1 y12e3 w14a hd8\"><div class=\"t_1 m0_1 x32 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e2 y12e3 w15c hd8\"><div class=\"t_1 m0_1 x45 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e3 y12e3 w20 hd8\"><div class=\"t_1 m0_1 x16 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e4 y12e3 w15d hd8\"><div class=\"t_1 m0_1 x41 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x4dc y12e4 w118 h24\"><div class=\"t_1 m0_1 x10 h10 y583 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos al 31 de di<span class=\"_ _2\"></span>ciembre de 202<span class=\"_ _2\"></span>5 </div></td><td class=\"c x4c8 y12e4 w86 h24\"><div class=\"t_1 m0_1 x2b h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">45.049    </span></div></td><td class=\"c x4de y12e4 wfc h24\"><div class=\"t_1 m0_1 xc h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">10.566    </span></div></td><td class=\"c x4df y12e4 w135 h24\"><div class=\"t_1 m0_1 x11 h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls4\">1.498</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x4e0 y12e4 w15e h24\"><div class=\"t_1 m0_1 xc h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">1<span class=\"ls4\">8.304</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12e4 w14a h24\"><div class=\"t_1 m0_1 x1f h10 y6e ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(21.686)    </div></td><td class=\"c x4e2 y12e4 w15c h24\"><div class=\"t_1 m0_1 x22 h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">56.394    </span></div></td><td class=\"c x4e3 y12e4 w20 h24\"><div class=\"t_1 m0_1 x20 h10 y6e ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(106)    </div></td><td class=\"c x4e4 y12e4 w15d h24\"><div class=\"t_1 m0_1 xc h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls4\">110.019   <span class=\"ls0_1\"> </span></span></div></td></tr></table>Reserva legal<span class=\"_ _3\"></span> De <span class=\"_ _2\"></span>acuerdo con e<span class=\"_ _2\"></span>l Te<span class=\"_ _2\"></span>xto Refundido de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Ley de <span class=\"_ _2\"></span>Sociedades <span class=\"_ _2\"></span>de Capital, <span class=\"_ _2\"></span>debe <span class=\"_ _2\"></span>destinarse a <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>reserva legal <span class=\"_ _2\"></span>una cifra <span class=\"_ _f\"></span>igual <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>10% <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>beneficio <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>ejercicio <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>asta <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>\u00e9sta <span class=\"_ _3\"></span>alcan<span class=\"_ _3\"></span>ce, <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>menos, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>20% <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>capital <span class=\"_ _f\"></span>social. <span class=\"_ _f\"></span>La reserva legal de la Sociedad<span class=\"_ _3\"></span> Dominan<span class=\"_ _3\"></span><span class=\"ff6\">te por 45.049 miles \u20ac, <span class=\"_ _3\"></span>da cobertura al 20% d<span class=\"_ _3\"></span>e su capital so<span class=\"_ _3\"></span>cial.</span> La <span class=\"_ _f\"></span>reserva <span class=\"_ _0\"></span>legal <span class=\"_ _f\"></span>podr\u00e1 <span class=\"_ _0\"></span>utilizarse <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>au<span class=\"_ _3\"></span>mentar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>capita<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>sald<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>exceda <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>10% <span class=\"_ _f\"></span>del capital <span class=\"_ _3\"></span>ya <span class=\"_ _f\"></span>aumentado. <span class=\"_ _3\"></span>Salvo <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>finalidad <span class=\"_ _f\"></span>mencionada <span class=\"_ _3\"></span>anteriormente, <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>mientras <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>supere <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>20% <span class=\"_ _3\"></span>del capital <span class=\"_ _3\"></span>social, <span class=\"_ _f\"></span>esta <span class=\"_ _3\"></span>reserva <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _3\"></span>podr\u00e1 <span class=\"_ _f\"></span>destinars<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comp<span class=\"_ _3\"></span>ensaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>p\u00e9rdidas, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>iempre <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>exista<span class=\"_ _3\"></span>n otras reservas<span class=\"_ _3\"></span> disponibles suficientes para este fin.<span class=\"_ _f\"></span> 21.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Reservas de uso restringid<span class=\"_ _2\"></span>o </span></span>El <span class=\"_ _2\"></span>importe <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>reservas <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>sociedades <span class=\"_ _2\"></span>consolidadas <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>uso <span class=\"_ _2\"></span>restringido <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5 asciende a <span class=\"_ _0\"></span><span class=\"ls0_1\">21.086 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac</span> <span class=\"_ _0\"></span><span class=\"ls18\">(21.<span class=\"_ _3\"></span></span>077 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span></span>4<span class=\"ls18\">),</span> <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>corresponde, <span class=\"_ _0\"></span>principa<span class=\"_ _3\"></span>lmente, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>la </span>reserva legal de las dis<span class=\"_ _3\"></span>tintas sociedades d<span class=\"_ _3\"></span>el Grupo.<span class=\"_ _65\"> </span>21.5<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Acci<span class=\"_ _3\"></span>ones de <span class=\"_ _2\"></span>la Sociedad D<span class=\"_ _2\"></span>ominante </span></span>El <span class=\"_ _10\"> </span>movimiento <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cAcciones <span class=\"_ _13\"> </span>propias\u201d <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>Financiera <span class=\"_ _10\"> </span>Consolida<span class=\"_ _3\"></span>do <span class=\"_ _10\"> </span>adjunto durante los ejercicios 202<span class=\"_ _3\"></span>5 y 2024 ha s<span class=\"_ _3\"></span>ido el siguiente:<table class=\"s w3ac h1c2\" id=\"_e37aa383-0f28-4a9e-9726-5b796baeabcf\"><tr><td></td><td></td><td class=\"c x4e5 y12e5 w15f hda\"><div class=\"t_1 m0_1 x17 h20 y6b0 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x4e6 y12e5 w160 hda\"><div class=\"t_1 m0_1 xc7 h20 y6b0 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x4e5 y12e6 w161 h91\"><div class=\"t_1 m0_1 x56 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de acciones </div></td><td class=\"c x4e7 y12e6 w162 h91\"><div class=\"t_1 m0_1 x3d h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x4e8 y12e7 w391 h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de<span class=\"_ _65\"> </span></div></td><td class=\"c x4e9 y12e7 w393 h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x4ea y12e8 w3ad h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">acciones<span class=\"_ _65\"> </span></div></td><td class=\"c x4eb y12e8 w3ae h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">euros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x4b2 y12e9 w122 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al inicio del ejercicio </div></td><td class=\"c x4e5 y12e9 w161 h25\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.605.432  </div></td><td class=\"c x4e7 y12e9 w162 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">12.205<span class=\"ls0_1\">  </span></div></td><td class=\"c x4e6 y12e9 w163 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.871.111  </div></td><td class=\"c x4ec y12e9 w164 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.980  </div></td></tr><tr><td class=\"c x4b2 y12ea w122 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x4e5 y12ea w161 h57\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.985.908  </div></td><td class=\"c x4e7 y12ea w162 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.525  </div></td><td class=\"c x4e6 y12ea w163 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.960.221 </div></td><td class=\"c x4ec y12ea w164 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.661 </div></td></tr><tr><td class=\"c x4b2 y12eb w122 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2019-2025 (Nota 11.2) </div></td><td class=\"c x4e5 y12eb w161 h25\"><div class=\"t_1 m0_1 x36 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e7 y12eb w162 h25\"><div class=\"t_1 m0_1 x23 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e6 y12eb w163 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71.679) </div></td><td class=\"c x4ec y12eb w164 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(245) </div></td></tr><tr><td class=\"c x4b2 y12ec w122 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ventas </div></td><td class=\"c x4e5 y12ec w161 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7.564.908) </div></td><td class=\"c x4e7 y12ec w162 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22.797) </div></td><td class=\"c x4e6 y12ec w163 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.154.221) </div></td><td class=\"c x4ec y12ec w164 h57\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.191) </div></td></tr><tr><td class=\"c x4b2 y12ed w122 h57\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al cierre del ejercicio </div></td><td class=\"c x4e5 y12ed w161 h57\"><div class=\"t_1 m0_1 x32 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.026.432<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e7 y12ed w162 h57\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.933<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e6 y12ed w163 h57\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.605.432<span class=\"ls0_1\"> </span></div></td><td class=\"c x4ec y12ed w164 h57\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.205<span class=\"ls0_1\"> </span></div></td></tr></table>Las <span class=\"_ _f\"></span>acciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Dominante <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>poder <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>represen<span class=\"_ _3\"></span>tan <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span><span class=\"ls10\">1,63</span>% <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el capital <span class=\"_ _3\"></span>social <span class=\"_ _3\"></span>(1,<span class=\"ls10\">46</span>% <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>31 d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>4) <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>valor<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nominal <span class=\"_ _3\"></span>global <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span><span class=\"ls10\">3.</span>624 <span class=\"_ _3\"></span><span class=\"ff6\">miles <span class=\"_ _3\"></span>\u20ac <span class=\"_ _3\"></span>(3.</span>245 <span class=\"_ _f\"></span><span class=\"ff6\">miles \u20ac </span>al 31 de diciembre d<span class=\"_ _3\"></span>e 2024). <span class=\"_ _3\"></span>El precio medio d<span class=\"_ _3\"></span>e adquisici\u00f3n de d<span class=\"_ _3\"></span>ichas acciones es d<span class=\"_ _3\"></span>e 3,<span class=\"_ _3\"></span><span class=\"ls10\">21 </span>euros por acci\u00f3n<span class=\"_ _3\"></span>. Las <span class=\"_ _f\"></span>accion<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Domina<span class=\"_ _3\"></span>nte <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>oder <span class=\"_ _f\"></span>tiene<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>su <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>egociaci\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mercado, <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>\u00ed como dar respuesta<span class=\"_ _3\"></span> a los \u201cPlan de Retribuci\u00f3n<span class=\"_ _3\"></span> a Largo Plazo\u201d s<span class=\"_ _3\"></span>uscritos por E<span class=\"_ _3\"></span>NCE (v\u00e9ase Nota 11.2).<span class=\"_ _65\"> </span>ENCE <span class=\"_ _10\"></span>mantiene <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>trato <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>liquidez <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>intermediario <span class=\"_ _10\"></span>financiero <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>objetiv<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>favorec<span class=\"_ _3\"></span>er <span class=\"_ _10\"></span>la liquidez y <span class=\"_ _d\"></span>regularidad en <span class=\"_ _d\"></span>la cotizaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las acciones <span class=\"_ _d\"></span>de ENCE, <span class=\"_ _2\"></span>dentro <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los l\u00edm<span class=\"_ _2\"></span>ites <span class=\"_ _2\"></span>establecidos por <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Junta General de Accionis<span class=\"_ _3\"></span>tas y po<span class=\"_ _3\"></span>r la normativa <span class=\"_ _3\"></span>vigente, en particu<span class=\"_ _3\"></span>lar, la Circular 2/2019, de 27 <span class=\"_ _3\"></span>de noviembre, de<span class=\"_ _3\"></span> la Comisi\u00f3n Nacional <span class=\"_ _3\"></span>del Mercado de Valores<span class=\"_ _3\"></span>, sobre contratos d<span class=\"_ _3\"></span>e liquidez<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>21.6<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Aj<span class=\"_ _3\"></span>ustes en pa<span class=\"_ _2\"></span>trimonio por <span class=\"_ _2\"></span>valoraci\u00f3n </span></span>La <span class=\"_ _10\"> </span>composici\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ep\u00edgraf<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>\u201cAju<span class=\"_ _3\"></span>stes <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>patrimonio <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>v<span class=\"_ _3\"></span>aloraci\u00f3n\u201d <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>Estado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Situ<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _10\"> </span>Financiera consolidado a<span class=\"_ _3\"></span>l cierre de los ejercicios 202<span class=\"_ _3\"></span>5 y 2024 es la siguient<span class=\"_ _3\"></span>e<span class=\"ls29\">: </span> 31/<span class=\"lsd\">12</span>/2025 31/12/2024 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\">(2.488)</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">(622)    </span>      <span class=\"ls0_1\">(1.866)    </span>    <span class=\"ls0_1\">(4.180)    </span>     <span class=\"ls0_1\">(1.045)    </span>      <span class=\"ls0_1\">(3.135)    </span>Compra de energ\u00eda   <span class=\"lsd\">858   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">215   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">643   <span class=\"ls0_1\"> </span></span>       <span class=\"ls0_1\">(634)    </span>        <span class=\"ls0_1\">(159)    </span>         <span class=\"ls0_1\">(475)    </span>Tipo de cambio   <span class=\"lsd\">579   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">145   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">434   <span class=\"ls0_1\"> </span></span>    <span class=\"ls0_1\">(6.081)    </span>     <span class=\"ls0_1\">(1.520)    </span>      <span class=\"ls0_1\">(4.561)    </span>  <span class=\"lsd\">53.051   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">13.248   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">39.803   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">43.207   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">10.786   <span class=\"ls0_1\"> </span></span>  <span class=\"lsd\">32.421   <span class=\"ls0_1\"> </span></span>21.7<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Otros instrumentos de pat<span class=\"_ _2\"></span>rimonio neto </span></span>El <span class=\"_ _0\"></span>movimiento <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _0\"></span>instrumentos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>patrimonio <span class=\"_ _10\"></span>neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>S<span class=\"_ _3\"></span>ituaci\u00f3n <span class=\"_ _0\"></span>Finan<span class=\"_ _3\"></span>ciera consolidado d<span class=\"_ _3\"></span>urante los ejercicios 2025 <span class=\"_ _3\"></span>y 2024 es el siguiente<span class=\"_ _3\"></span>:<table class=\"s w3af h1c3\" id=\"_0d31fef4-7dba-4792-af84-99547b308c15\"><tr><td class=\"c x4ed y12ee w16a hdc\"><div class=\"t_1 m0_1 x10 h20 y94e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x4ee y12ef w35b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x4ef y12ee wbf hdc\"><div class=\"t_1 m0_1 x10 h20 y94e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Liquidaci\u00f3n </div></td><td class=\"c x4f0 y12ee w16b hdc\"><div class=\"t_1 m0_1 x1_1 h20 y94e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaci\u00f3n </div></td><td class=\"c x4f1 y12ef w3b0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto<span class=\"_ _65\"> </span></div></td><td class=\"c x4f2 y12ef w3b1 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x23e y12f0 w38a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td><td></td><td></td><td class=\"c x4f3 y12f0 w3b2 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">impositivo</div></td><td class=\"c x4f4 y12f0 w3b3 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td></tr><tr><td class=\"c x4ed y12f1 w16a h46\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan de Incentivos a Largo Plazo (Nota 11.2) </div></td><td class=\"c x4f5 y12f1 wba h46\"><div class=\"t_1 m0_1 xc7 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.438 </div></td><td class=\"c x4ef y12f1 wbf h46\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls25\">   </span> </div></td><td class=\"c x4f0 y12f1 w16b h46\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(<span class=\"lsd\">71</span>)  </span></div></td><td class=\"c x4f6 y12f1 w16c h46\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">18</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x4f7 y12f1 wcb h46\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2.385<span class=\"ls0_1\">  </span></div></td></tr><tr><td></td><td class=\"c x4f5 y12f2 wba h46\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.438<span class=\"ls0_1\"> </span></div></td><td class=\"c x4ef y12f2 wbf h46\"><div class=\"t_1 m0_1 x1d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4f0 y12f2 w16b h46\"><div class=\"t_1 m0_1 x1a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71)  </div></td><td class=\"c x4f6 y12f2 w16c h46\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x4f7 y12f2 wcb h46\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.385<span class=\"ls0_1\">  </span></div></td></tr><tr><td class=\"c x4f8 y12f3 w16d hdc\"><div class=\"t_1 m0_1 x10 h20 y94e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x4f9 y12f4 w35b h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x4fa y12f4 w3b0 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto<span class=\"_ _65\"> </span></div></td><td class=\"c x4fb y12f4 w3b1 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x4fc y12f5 w38a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/202<span class=\"ls0_1\">4</span></div></td><td class=\"c x4fd y12f3 w16e hdc\"><div class=\"t_1 m0_1 xcb h20 y954 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x2a h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Liquidaci\u00f3n </div></td><td class=\"c x4fe y12f3 w16f hdc\"><div class=\"t_1 m0_1 x30 h20 y954 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x82 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaci\u00f3n </div></td><td class=\"c x4ff y12f5 w3b2 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">impositivo</div></td><td class=\"c x500 y12f5 w3b3 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4<span class=\"_ _65\"> </span></span></div></td></tr><tr><td class=\"c x4f8 y12f6 w16d h46\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan de Incentivos a Largo Plazo (Nota 11.2) </div></td><td class=\"c x501 y12f6 w7e h46\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.328 </div></td><td class=\"c x4fd y12f6 w16e h46\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(424) </div></td><td class=\"c x4fe y12f6 w16f h46\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.045 </div></td><td class=\"c x502 y12f6 wc9 h46\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(511) </div></td><td class=\"c x503 y12f6 w16f h46\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.438 </div></td></tr><tr><td></td><td class=\"c x501 y12f7 w7e h46\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.328<span class=\"ls0_1\"> </span></div></td><td class=\"c x4fd y12f7 w16e h46\"><div class=\"t_1 m0_1 x58 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(424) </div></td><td class=\"c x4fe y12f7 w16f h46\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.045<span class=\"ls0_1\"> </span></div></td><td class=\"c x502 y12f7 wc9 h46\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(511) </div></td><td class=\"c x503 y12f7 w16f h46\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.438<span class=\"ls0_1\"> </span></div></td></tr></table>21.8<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Intereses minoritarios </span></span>El movimiento de e<span class=\"_ _2\"></span>ste ep\u00edgrafe del Estado de Situaci\u00f3n Fina<span class=\"_ _2\"></span>nciera Consolidado en los ejercicios 2025 y 2024 es el siguiente: Miles de Euros A\u00f1o 2025<span class=\"_ _65\"> </span>Resultado<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>atribuido a<span class=\"_ _65\"> </span>Reparto<span class=\"_ _65\"> </span>Otros<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>Sociedad<span class=\"_ _65\"> </span>01/01/202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span>minoritarios<span class=\"_ _65\"> </span>dividendos<span class=\"_ _65\"> </span>movimientos<span class=\"_ _65\"> </span>31/12/202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span>Energ\u00eda de la Loma, S.A. 4.740 769<span class=\"ls0_1\"> </span>- - 5.509 Energ\u00edas de la Mancha Eneman, S.A. (496) 982<span class=\"ls0_1\"> </span>- - 486<span class=\"ls0_1\"> </span>Bioenerg\u00eda Santamar\u00eda, S.A. 3.665<span class=\"ls0_1\"> </span>1.654 - - 5.319 MAGNON 88<span class=\"ls0_1\">.</span>869<span class=\"ls0_1\"> </span>(10.998) (441) 855<span class=\"ls0_1\"> </span>78.285 BioCH4 Developments, S.L. (63) (<span class=\"lsd\">448</span>) - - (511) Biometag\u00e1s La Galera, S.L. 336<span class=\"ls0_1\"> </span>(4) - - 332<span class=\"ls0_1\"> </span>Total 97<span class=\"ls0_1\">.</span>051<span class=\"ls0_1\"> </span>(<span class=\"lsd\">8.045</span>) (<span class=\"lsd\">441</span>) 855<span class=\"ls0_1\"> </span>89.420<span class=\"ls0_1\"> </span>Miles de Euros<span class=\"_ _65\"> </span>A\u00f1o 2024<span class=\"_ _65\"> </span>Resultado<span class=\"_ _65\"> </span>Variaci\u00f3n del<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>atribuido a<span class=\"_ _65\"> </span>Reparto<span class=\"_ _65\"> </span>per\u00edmetro<span class=\"_ _65\"> </span>Otros<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>Sociedad<span class=\"_ _65\"> </span>01/01/202<span class=\"ls0_1\">4<span class=\"_ _65\"> </span></span>minoritarios<span class=\"_ _65\"> </span>dividendos<span class=\"_ _65\"> </span>(Nota 6)<span class=\"_ _65\"> </span>movimientos<span class=\"_ _65\"> </span>31/12/202<span class=\"ls0_1\">4<span class=\"_ _65\"> </span></span>Energ\u00eda de la Loma, S.A. 3.<span class=\"lsd\">350</span> 1.390 - - - 4.<span class=\"lsd\">740</span> 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=\"ls0_1\"> </span>La informaci\u00f3n financiera resumida relativa a los subgrupos significativos donde el G<span class=\"_ _2\"></span>rupo Ence no participa al 100%, antes de las eliminac<span class=\"_ _3\"></span>iones interempresas,<span class=\"_ _3\"></span> son los siguientes:<span class=\"_ _3\"></span> El <span class=\"_ _3\"></span>\u00fa<span class=\"_ _3\"></span>nico <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ubgrupo <span class=\"_ _f\"></span>considerado <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>significativo <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _f\"></span>MAGNON <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>presenta <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>ciembre de 2025 un activo total de <span class=\"ls10\">510</span> <span class=\"_ _2\"></span><span class=\"ff6\">millones \u20ac, un pasivo no corri<span class=\"_ _2\"></span>ente de <span class=\"ff3 ls10\">255<span class=\"ls0_1\"> </span></span>millones \u20acy un pasivo corriente <span class=\"_ _2\"></span>de </span>79<span class=\"ls0_1\"> <span class=\"_ _f\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>(al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>presenta<span class=\"_ _3\"></span>ba <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>activo <span class=\"_ _3\"></span>to<span class=\"_ _3\"></span>tal <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>568 <span class=\"_ _f\"></span>millones <span class=\"_ _f\"></span>\u20ac, <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>pasivo <span class=\"_ _f\"></span>no </span></span>corriente de 280 millon<span class=\"_ _3\"></span>es \u20acy un pas<span class=\"_ _3\"></span>ivo corriente de 96 millon<span class=\"_ _3\"></span>es \u20ac<span class=\"_ _3\"></span><span class=\"ff3\"> </span>La <span class=\"_ _f\"></span>columna <span class=\"_ _f\"></span>\u201cOtros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>movimientos\u201d <span class=\"_ _f\"></span>recoge, <span class=\"_ _f\"></span>principa<span class=\"_ _3\"></span>lmente, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>tereses <span class=\"_ _f\"></span>minoritarios <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los </span>\u201cAjustes en p<span class=\"_ _3\"></span>atrimonio por valoraci\u00f3n\u201d (v<span class=\"_ _3\"></span>\u00e9ase Nota 21.6).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "21.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Capital social </span></span>El capita<span class=\"_ _3\"></span>l social <span class=\"_ _3\"></span>de ENCE<span class=\"_ _3\"></span> Ener<span class=\"_ _3\"></span>g\u00eda y <span class=\"_ _3\"></span>Celulosa, <span class=\"_ _3\"></span>S.A., <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 de<span class=\"_ _3\"></span> dicie<span class=\"_ _3\"></span>mbre de <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>y 2024<span class=\"_ _3\"></span> est\u00e1 <span class=\"_ _3\"></span>representad<span class=\"_ _3\"></span>o por 246.272.500 <span class=\"_ _19\"> </span>accion<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>al <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>ortador <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>0,9 <span class=\"_ _19\"> </span>euro<span class=\"_ _3\"></span>s <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>v<span class=\"_ _3\"></span>alor <span class=\"_ _19\"> </span>nominal <span class=\"_ _15\"> </span>cada <span class=\"_ _15\"> </span>una, <span class=\"_ _15\"> </span>totalmente <span class=\"_ _19\"> </span>suscritas<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>y desembolsadas.  Al <span class=\"_ _10\"></span>estar <span class=\"_ _10\"> </span>representadas <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>acciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>ENCE <span class=\"_ _10\"></span>por <span class=\"_ _10\"> </span>anotaciones <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>cuenta, <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>conoce <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>exactitud <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> participaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>los <span class=\"_ _19\"> </span>accionistas <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>el <span class=\"_ _19\"> </span>capital <span class=\"_ _19\"> </span>social. <span class=\"_ _19\"> </span>E<span class=\"_ _3\"></span>l <span class=\"_ _16\"> </span>cuadro <span class=\"_ _19\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _16\"> </span>figura <span class=\"_ _19\"> </span>a <span class=\"_ _15\"> </span>continuaci\u00f3n <span class=\"_ _19\"> </span>recoge <span class=\"_ _19\"> </span>las participaciones <span class=\"_ _3\"></span>significativas, d<span class=\"_ _3\"></span>irectas e <span class=\"_ _3\"></span>indirectas<span class=\"_ _3\"></span>, en <span class=\"_ _3\"></span>el capital <span class=\"_ _3\"></span>social d<span class=\"_ _3\"></span>e ENCE a <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 de <span class=\"_ _3\"></span>diciembre de 2025 <span class=\"_ _3\"></span><span class=\"ls17\">y </span>202<span class=\"ls0_1\">4, <span class=\"_ _15\"> </span>as\u00ed <span class=\"_ _17\"> </span>como, <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>su <span class=\"_ _17\"> </span>caso, <span class=\"_ _15\"> </span>los <span class=\"_ _17\"> </span>instrumentos <span class=\"_ _17\"> </span>financieros <span class=\"_ _15\"> </span>comun<span class=\"_ _3\"></span>icados <span class=\"_ _15\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _15\"> </span>los <span class=\"_ _17\"> </span>titulares <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>ichas </span>participaciones a <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>registros <span class=\"_ _2\"></span>oficiales <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>la Comisi\u00f3n Nacional <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>Mercad<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>Valores (en <span class=\"_ _d\"></span>ad<span class=\"_ _3\"></span>elant<span class=\"_ _3\"></span>e, <span class=\"_ _2\"></span>CNMV) o a la propia so<span class=\"_ _3\"></span>ciedad de acuerdo con lo<span class=\"_ _3\"></span> dispuesto en el Real Decreto <span class=\"_ _3\"></span>1362/<span class=\"_ _3\"></span>2007, de 19 de octub<span class=\"_ _3\"></span>re: % <table class=\"s w396 h1be\" id=\"_43ad677a-00a1-4c08-8d3c-4b737fce190c\"><tr><td class=\"c x4c3 y12c1 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Accionista </div></td><td class=\"c x4c4 y12c1 w158 h97\"><div class=\"t_1 m0_1 x31 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x4c5 y12c1 w159 h97\"><div class=\"t_1 m0_1 x86 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4c3 y12c2 w156 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Juan Luis Arregui / Retos Operativos XXI, S.L. </div></td><td class=\"c x4c4 y12c2 w158 h66\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29,44 </div></td><td class=\"c x4c5 y12c2 w159 h66\"><div class=\"t_1 m0_1 x32 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29,44 </div></td></tr><tr><td class=\"c x4c3 y12c3 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Atlas GP Global Holding LLC/ Prometheus IV LLC </div></td><td class=\"c x4c4 y12c3 w158 h97\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10,01 </div></td><td class=\"c x4c5 y12c3 w159 h97\"><div class=\"t_1 m0_1 x32 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10,00 </div></td></tr><tr><td class=\"c x4c3 y12c4 w156 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. V\u00edctor Urrutia Vallejo/ As\u00faa Inversiones, S.L. </div></td><td class=\"c x4c4 y12c4 w158 h66\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10,00 </div></td><td class=\"c x4c5 y12c4 w159 h66\"><div class=\"t_1 m0_1 x45 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,38 </div></td></tr><tr><td class=\"c x4c3 y12c5 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jose Ignacio Comenge / MENDIBEA 2002 S.L. </div></td><td class=\"c x4c4 y12c5 w158 h97\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,38 </div></td><td class=\"c x4c5 y12c5 w159 h97\"><div class=\"t_1 m0_1 x45 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4,89 </div></td></tr><tr><td class=\"c x4c3 y12c6 w156 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Autocartera </div></td><td class=\"c x4c4 y12c6 w158 h66\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,63 </div></td><td class=\"c x4c5 y12c6 w159 h66\"><div class=\"t_1 m0_1 x45 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,46 </div></td></tr><tr><td class=\"c x4c3 y12c7 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miembros del Consejo con participaci\u00f3n &lt; 3% </div></td><td class=\"c x4c4 y12c7 w158 h97\"><div class=\"t_1 m0_1 x57 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">0,63 </div></td><td class=\"c x4c5 y12c7 w159 h97\"><div class=\"t_1 m0_1 x45 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">0,63 </div></td></tr><tr><td class=\"c x4c3 y12c8 w156 h97\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Free Float </div></td><td class=\"c x4c4 y12c8 w158 h97\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41,<span class=\"lsd\">91</span> </div></td><td class=\"c x4c5 y12c8 w159 h97\"><div class=\"t_1 m0_1 x32 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">47,<span class=\"lsd\">20</span> </div></td></tr><tr><td class=\"c x4c3 y12c9 w156 h98\"><div class=\"t_1 m0_1 x10 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x4c4 y12c9 w158 h98\"><div class=\"t_1 m0_1 xcb h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">100,00 </div></td><td class=\"c x4c5 y12c9 w159 h98\"><div class=\"t_1 m0_1 x1d h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">100,00 </div></td></tr></table>Las accion<span class=\"_ _3\"></span>es de la <span class=\"_ _3\"></span>Sociedad <span class=\"_ _3\"></span>Dominante est\u00e1n <span class=\"_ _3\"></span>admitidas a negociaci\u00f3n <span class=\"_ _3\"></span>oficial en las<span class=\"_ _3\"></span> Bolsas <span class=\"_ _3\"></span>Espa\u00f1olas y <span class=\"_ _3\"></span>en el Mercado continuo, go<span class=\"_ _3\"></span>zando todas ellas<span class=\"_ _3\"></span> de iguales derechos p<span class=\"_ _3\"></span>ol\u00edticos y econ\u00f3micos.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "21.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Prima de emisi\u00f3n </span></span>El <span class=\"_ _f\"></span>Texto <span class=\"_ _3\"></span>Refundid<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Ley <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Cap<span class=\"_ _3\"></span>ital <span class=\"_ _f\"></span>permite <span class=\"_ _3\"></span>expres<span class=\"_ _3\"></span>amente <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>utilizac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>saldo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la prima <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>emisi\u00f3n <span class=\"_ _15\"> </span>para <span class=\"_ _15\"> </span>amp<span class=\"_ _3\"></span>liar <span class=\"_ _19\"> </span>capita<span class=\"_ _3\"></span>l <span class=\"_ _19\"> </span>y <span class=\"_ _15\"> </span>no <span class=\"_ _15\"> </span>establece <span class=\"_ _15\"> </span>restricci\u00f3n <span class=\"_ _15\"> </span>espec\u00edfica <span class=\"_ _15\"> </span>alguna <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>cuanto <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>la disponibilidad<span class=\"_ _3\"></span> del mismo.  21.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Reservas </span></span>A <span class=\"_ _10\"></span>continuaci\u00f3n, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>presenta <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>movimiento <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>reservas <span class=\"_ _10\"> </span>desglosado <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>categor\u00eda <span class=\"_ _10\"> </span>corresp<span class=\"_ _3\"></span>ondiente <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>los ejercicios 2025 y 2024<span class=\"_ _3\"></span>:<table class=\"s w397 h1bf\" id=\"_6c2ce9a1-8289-4c1e-8c9d-c0c2ed2c96b4\"><tr><td></td><td></td><td class=\"c x4c7 y12ca w398 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reserva <span class=\"_ _2\"></span>por<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x4c8 y12cb w15b h7f\"><div class=\"t_1 m0_1 x27 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas<span class=\"_ _2\"></span> de la Sociedad D<span class=\"_ _2\"></span>ominante </div></td><td class=\"c x4c9 y12cc w399 h1c0\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Resultad<span class=\"_ _2\"></span>os</div></td><td class=\"c x4ca y12cd w39a h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas<span class=\"_ _65\"> </span></div></td><td class=\"c x4cb y12cd w39a h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas<span class=\"_ _65\"> </span></div></td><td class=\"c x4cc y12ce w274 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Total<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x4cd y12cf w39b h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reserva<span class=\"_ _65\"> </span></div></td><td class=\"c x4ce y12d0 w39c h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">capital<span class=\"_ _65\"> </span></div></td><td class=\"c x4cf y12cf w39d h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reserva <span class=\"_ _2\"></span>de<span class=\"_ _65\"> </span></div></td><td class=\"c x4d0 y12cf w39a h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Reservas<span class=\"_ _65\"> </span></div></td><td class=\"c x4d1 y12cf w39e h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">negativos de</div></td><td class=\"c x4d2 y12d1 w39f h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">consoli<span class=\"_ _2\"></span>daci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x4d3 y12d1 w3a0 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">m\u00e9todo de<span class=\"_ _65\"> </span></div></td><td class=\"c x4d4 y12d2 w3a1 h154\"><div class=\"t_1 m0_1 x1c9 h10 yf5d ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">reservas<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x4d5 y12d3 w3a2 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Legal<span class=\"_ _65\"> </span></div></td><td class=\"c x4d6 y12d4 w3a3 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">amortizado</div></td><td class=\"c x4d7 y12d3 w3a4 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">capitali<span class=\"_ _2\"></span>zaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x4d8 y12d3 w3a5 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">voluntar<span class=\"_ _2\"></span>ias<span class=\"_ _65\"> </span></div></td><td class=\"c x4d9 y12d3 w3a6 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">ejercicios<span class=\"_ _65\"> </span></div></td><td class=\"c x4da y12d5 w3a7 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">global<span class=\"_ _65\"> </span></div></td><td class=\"c x4db y12d5 w3a8 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">partici<span class=\"_ _2\"></span>paci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x4dc y12d6 w118 hd6\"><div class=\"t_1 m0_1 x10 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _2\"></span> Euros </div></td><td></td><td></td><td></td><td></td><td class=\"c x4dd y12d7 w3a9 h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">anterio<span class=\"_ _2\"></span>res<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x4dc y12d8 w118 h46\"><div class=\"t_1 m0_1 x10 h10 y583 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos al 31 de di<span class=\"_ _2\"></span>ciembre de 202<span class=\"_ _2\"></span>3  </div></td><td class=\"c x4c8 y12d8 w86 h46\"><div class=\"t_1 m0_1 xc h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">45.049<span class=\"ls0_1\"> </span></div></td><td class=\"c x4de y12d8 wfc h46\"><div class=\"t_1 m0_1 x3a h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">10.566<span class=\"ls0_1\"> </span></div></td><td class=\"c x4df y12d8 w135 h46\"><div class=\"t_1 m0_1 x1d h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">773<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e0 y12d8 w15e h46\"><div class=\"t_1 m0_1 x3a h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">19.118<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12d8 w14a h46\"><div class=\"t_1 m0_1 x32 h10 y35 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e2 y12d8 w15c h46\"><div class=\"t_1 m0_1 xcb h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">61.849<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e3 y12d8 w20 h46\"><div class=\"t_1 m0_1 x20 h10 y35 ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(106)<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e4 y12d8 w15d h46\"><div class=\"t_1 m0_1 x3a h10 y35 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">137.249<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y12d9 w3aa h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Distribuci<span class=\"_ _2\"></span>\u00f3n del Resultado<span class=\"_ _2\"></span> del<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y12da w3ab h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">ejercicio a<span class=\"_ _2\"></span>nterior<span class=\"_ _65\"> </span></div></td><td class=\"c x4c8 y12db w86 h2c\"><div class=\"t_1 m0_1 x58 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4de y12db wfc h2c\"><div class=\"t_1 m0_1 x35 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4df y12db w135 h2c\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e0 y12db w15e h2c\"><div class=\"t_1 m0_1 x1d hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e1 y12db w14a h2c\"><div class=\"t_1 m0_1 x1f hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(34.455) </div></td><td class=\"c x4e2 y12db w15c h2c\"><div class=\"t_1 m0_1 x2e hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">9.735 </div></td><td class=\"c x4e3 y12db w20 h2c\"><div class=\"t_1 m0_1 x16 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e4 y12db w15d h2c\"><div class=\"t_1 m0_1 x3a hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(24.720) </div></td></tr><tr><td class=\"c x4dc y12dc w118 h7f\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Operacio<span class=\"_ _2\"></span>nes con Acciones Pr<span class=\"_ _2\"></span>opias </div></td><td class=\"c x4c8 y12dc w86 h7f\"><div class=\"t_1 m0_1 x58 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4de y12dc wfc h7f\"><div class=\"t_1 m0_1 x35 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4df y12dc w135 h7f\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e0 y12dc w15e h7f\"><div class=\"t_1 m0_1 x11 hf y35 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">169<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12dc w14a h7f\"><div class=\"t_1 m0_1 x32 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e2 y12dc w15c h7f\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e3 y12dc w20 h7f\"><div class=\"t_1 m0_1 x16 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e4 y12dc w15d h7f\"><div class=\"t_1 m0_1 x44 hf y35 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">169<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4dc y12dd w118 h7f\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Minorit<span class=\"_ _2\"></span>arios y otros movi<span class=\"_ _2\"></span>mientos </div></td><td class=\"c x4c8 y12dd w86 h7f\"><div class=\"t_1 m0_1 x58 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4de y12dd wfc h7f\"><div class=\"t_1 m0_1 x35 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4df y12dd w135 h7f\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e0 y12dd w15e h7f\"><div class=\"t_1 m0_1 x11 hf y35 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">197<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12dd w14a h7f\"><div class=\"t_1 m0_1 x32 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e2 y12dd w15c h7f\"><div class=\"t_1 m0_1 x45 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e3 y12dd w20 h7f\"><div class=\"t_1 m0_1 x16 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e4 y12dd w15d h7f\"><div class=\"t_1 m0_1 x44 hf y35 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">197<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4dc y12de w118 h7f\"><div class=\"t_1 m0_1 x10 h10 y5b ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos al 31 de di<span class=\"_ _2\"></span>ciembre de 202<span class=\"_ _2\"></span>4 </div></td><td class=\"c x4c8 y12de w86 h7f\"><div class=\"t_1 m0_1 xc h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">45.049<span class=\"ls0_1\"> </span></div></td><td class=\"c x4de y12de wfc h7f\"><div class=\"t_1 m0_1 x3a h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">10.566<span class=\"ls0_1\"> </span></div></td><td class=\"c x4df y12de w135 h7f\"><div class=\"t_1 m0_1 x1d h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">773<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e0 y12de w15e h7f\"><div class=\"t_1 m0_1 x3a h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">19.484<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12de w14a h7f\"><div class=\"t_1 m0_1 x1f h10 y47 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(34.455) </div></td><td class=\"c x4e2 y12de w15c h7f\"><div class=\"t_1 m0_1 xcb h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">71.584<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e3 y12de w20 h7f\"><div class=\"t_1 m0_1 x20 h10 y47 ff2 fs5 fc0_1 sc0_1 ls7 ws0_1\">(106)<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e4 y12de w15d h7f\"><div class=\"t_1 m0_1 x3a h10 y47 ff2 fs5 fc0_1 sc0_1 ls4 ws0_1\">112.895<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y12df w3aa h1c1\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Distribuci<span class=\"_ _2\"></span>\u00f3n del Resultado<span class=\"_ _2\"></span> del<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y12e0 w3ab h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">ejercicio a<span class=\"_ _2\"></span>nterior</div></td><td class=\"c x4c8 y12e1 w86 hd7\"><div class=\"t_1 m0_1 x1d hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                        </div><div class=\"t_1 m0_1 x58 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4de y12e1 wfc hd7\"><div class=\"t_1 m0_1 x32 hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                          </div><div class=\"t_1 m0_1 x35 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4df y12e1 w135 hd7\"><div class=\"t_1 m0_1 x99 hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                                 </div><div class=\"t_1 m0_1 x45 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4e0 y12e1 w15e hd7\"><div class=\"t_1 m0_1 x1a hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                          </div><div class=\"t_1 m0_1 x1d hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4e1 y12e1 w14a hd7\"><div class=\"t_1 m0_1 x30 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">12.769<span class=\"ls5\">   </span> </div></td><td class=\"c x4e2 y12e1 w15c hd7\"><div class=\"t_1 m0_1 x99 hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">               </div><div class=\"t_1 m0_1 xc7 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(15.190)    </div></td><td class=\"c x4e3 y12e1 w20 hd7\"><div class=\"t_1 m0_1 x45 hf y91f ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">                                </div><div class=\"t_1 m0_1 x16 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ls5\">   </span> </div></td><td class=\"c x4e4 y12e1 w15d hd7\"><div class=\"t_1 m0_1 x3a hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> ( 2.421)<span class=\"ls5\">   </span> </div></td></tr><tr><td class=\"c x4dc y12e2 w118 h7f\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Operacio<span class=\"_ _2\"></span>nes con Acciones Pr<span class=\"_ _2\"></span>opias </div></td><td class=\"c x4c8 y12e2 w86 h7f\"><div class=\"t_1 m0_1 x44 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4de y12e2 wfc h7f\"><div class=\"t_1 m0_1 x57 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4df y12e2 w135 h7f\"><div class=\"t_1 m0_1 x4a hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4e0 y12e2 w15e h7f\"><div class=\"t_1 m0_1 x22 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(455)    </div></td><td class=\"c x4e1 y12e2 w14a h7f\"><div class=\"t_1 m0_1 x35 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4e2 y12e2 w15c h7f\"><div class=\"t_1 m0_1 x4a hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4e3 y12e2 w20 h7f\"><div class=\"t_1 m0_1 x41 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls5\">   </span> </div></td><td class=\"c x4e4 y12e2 w15d h7f\"><div class=\"t_1 m0_1 x11 hf yaa ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(455)    </div></td></tr><tr><td class=\"c x4dc y12e3 w118 hd8\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Oros movimie<span class=\"_ _2\"></span>ntos </div></td><td class=\"c x4c8 y12e3 w86 hd8\"><div class=\"t_1 m0_1 x58 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4de y12e3 wfc hd8\"><div class=\"t_1 m0_1 x35 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4df y12e3 w135 hd8\"><div class=\"t_1 m0_1 x1d hf y60e ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">725<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e0 y12e3 w15e hd8\"><div class=\"t_1 m0_1 x22 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(725) </div></td><td class=\"c x4e1 y12e3 w14a hd8\"><div class=\"t_1 m0_1 x32 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e2 y12e3 w15c hd8\"><div class=\"t_1 m0_1 x45 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e3 y12e3 w20 hd8\"><div class=\"t_1 m0_1 x16 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e4 y12e3 w15d hd8\"><div class=\"t_1 m0_1 x41 hf y60e ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x4dc y12e4 w118 h24\"><div class=\"t_1 m0_1 x10 h10 y583 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos al 31 de di<span class=\"_ _2\"></span>ciembre de 202<span class=\"_ _2\"></span>5 </div></td><td class=\"c x4c8 y12e4 w86 h24\"><div class=\"t_1 m0_1 x2b h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">45.049    </span></div></td><td class=\"c x4de y12e4 wfc h24\"><div class=\"t_1 m0_1 xc h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">10.566    </span></div></td><td class=\"c x4df y12e4 w135 h24\"><div class=\"t_1 m0_1 x11 h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls4\">1.498</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x4e0 y12e4 w15e h24\"><div class=\"t_1 m0_1 xc h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">1<span class=\"ls4\">8.304</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x4e1 y12e4 w14a h24\"><div class=\"t_1 m0_1 x1f h10 y6e ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(21.686)    </div></td><td class=\"c x4e2 y12e4 w15c h24\"><div class=\"t_1 m0_1 x22 h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls0_1\">56.394    </span></div></td><td class=\"c x4e3 y12e4 w20 h24\"><div class=\"t_1 m0_1 x20 h10 y6e ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(106)    </div></td><td class=\"c x4e4 y12e4 w15d h24\"><div class=\"t_1 m0_1 xc h10 y6e ff2 fs5 fc0_1 sc0_1 ls5 ws0_1\">  <span class=\"ls4\">110.019   <span class=\"ls0_1\"> </span></span></div></td></tr></table>Reserva legal<span class=\"_ _3\"></span> De <span class=\"_ _2\"></span>acuerdo con e<span class=\"_ _2\"></span>l Te<span class=\"_ _2\"></span>xto Refundido de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Ley de <span class=\"_ _2\"></span>Sociedades <span class=\"_ _2\"></span>de Capital, <span class=\"_ _2\"></span>debe <span class=\"_ _2\"></span>destinarse a <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>reserva legal <span class=\"_ _2\"></span>una cifra <span class=\"_ _f\"></span>igual <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>10% <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>beneficio <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>ejercicio <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>asta <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>\u00e9sta <span class=\"_ _3\"></span>alcan<span class=\"_ _3\"></span>ce, <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>menos, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>20% <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>capital <span class=\"_ _f\"></span>social. <span class=\"_ _f\"></span>La reserva legal de la Sociedad<span class=\"_ _3\"></span> Dominan<span class=\"_ _3\"></span><span class=\"ff6\">te por 45.049 miles \u20ac, <span class=\"_ _3\"></span>da cobertura al 20% d<span class=\"_ _3\"></span>e su capital so<span class=\"_ _3\"></span>cial.</span> La <span class=\"_ _f\"></span>reserva <span class=\"_ _0\"></span>legal <span class=\"_ _f\"></span>podr\u00e1 <span class=\"_ _0\"></span>utilizarse <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>au<span class=\"_ _3\"></span>mentar <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>capita<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>sald<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>exceda <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>10% <span class=\"_ _f\"></span>del capital <span class=\"_ _3\"></span>ya <span class=\"_ _f\"></span>aumentado. <span class=\"_ _3\"></span>Salvo <span class=\"_ _f\"></span>para <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>finalidad <span class=\"_ _f\"></span>mencionada <span class=\"_ _3\"></span>anteriormente, <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>mientras <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>supere <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>20% <span class=\"_ _3\"></span>del capital <span class=\"_ _3\"></span>social, <span class=\"_ _f\"></span>esta <span class=\"_ _3\"></span>reserva <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _3\"></span>podr\u00e1 <span class=\"_ _f\"></span>destinars<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comp<span class=\"_ _3\"></span>ensaci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>p\u00e9rdidas, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>iempre <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>exista<span class=\"_ _3\"></span>n otras reservas<span class=\"_ _3\"></span> disponibles suficientes para este fin.<span class=\"_ _f\"></span> 21.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Reservas de uso restringid<span class=\"_ _2\"></span>o </span></span>El <span class=\"_ _2\"></span>importe <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>reservas <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>sociedades <span class=\"_ _2\"></span>consolidadas <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>uso <span class=\"_ _2\"></span>restringido <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5 asciende a <span class=\"_ _0\"></span><span class=\"ls0_1\">21.086 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac</span> <span class=\"_ _0\"></span><span class=\"ls18\">(21.<span class=\"_ _3\"></span></span>077 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span></span>4<span class=\"ls18\">),</span> <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>corresponde, <span class=\"_ _0\"></span>principa<span class=\"_ _3\"></span>lmente, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>la </span>reserva legal de las dis<span class=\"_ _3\"></span>tintas sociedades d<span class=\"_ _3\"></span>el Grupo.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "21.5<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Acci<span class=\"_ _3\"></span>ones de <span class=\"_ _2\"></span>la Sociedad D<span class=\"_ _2\"></span>ominante </span></span>El <span class=\"_ _10\"> </span>movimiento <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cAcciones <span class=\"_ _13\"> </span>propias\u201d <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>Situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>Financiera <span class=\"_ _10\"> </span>Consolida<span class=\"_ _3\"></span>do <span class=\"_ _10\"> </span>adjunto durante los ejercicios 202<span class=\"_ _3\"></span>5 y 2024 ha s<span class=\"_ _3\"></span>ido el siguiente:<table class=\"s w3ac h1c2\" id=\"_e37aa383-0f28-4a9e-9726-5b796baeabcf\"><tr><td></td><td></td><td class=\"c x4e5 y12e5 w15f hda\"><div class=\"t_1 m0_1 x17 h20 y6b0 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x4e6 y12e5 w160 hda\"><div class=\"t_1 m0_1 xc7 h20 y6b0 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x4e5 y12e6 w161 h91\"><div class=\"t_1 m0_1 x56 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de acciones </div></td><td class=\"c x4e7 y12e6 w162 h91\"><div class=\"t_1 m0_1 x3d h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x4e8 y12e7 w391 h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de<span class=\"_ _65\"> </span></div></td><td class=\"c x4e9 y12e7 w393 h1b8\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x4ea y12e8 w3ad h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">acciones<span class=\"_ _65\"> </span></div></td><td class=\"c x4eb y12e8 w3ae h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">euros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x4b2 y12e9 w122 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al inicio del ejercicio </div></td><td class=\"c x4e5 y12e9 w161 h25\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.605.432  </div></td><td class=\"c x4e7 y12e9 w162 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">12.205<span class=\"ls0_1\">  </span></div></td><td class=\"c x4e6 y12e9 w163 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.871.111  </div></td><td class=\"c x4ec y12e9 w164 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.980  </div></td></tr><tr><td class=\"c x4b2 y12ea w122 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x4e5 y12ea w161 h57\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.985.908  </div></td><td class=\"c x4e7 y12ea w162 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.525  </div></td><td class=\"c x4e6 y12ea w163 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.960.221 </div></td><td class=\"c x4ec y12ea w164 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.661 </div></td></tr><tr><td class=\"c x4b2 y12eb w122 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2019-2025 (Nota 11.2) </div></td><td class=\"c x4e5 y12eb w161 h25\"><div class=\"t_1 m0_1 x36 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e7 y12eb w162 h25\"><div class=\"t_1 m0_1 x23 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x4e6 y12eb w163 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(71.679) </div></td><td class=\"c x4ec y12eb w164 h25\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(245) </div></td></tr><tr><td class=\"c x4b2 y12ec w122 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ventas </div></td><td class=\"c x4e5 y12ec w161 h57\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(7.564.908) </div></td><td class=\"c x4e7 y12ec w162 h57\"><div class=\"t_1 m0_1 x18 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(22.797) </div></td><td class=\"c x4e6 y12ec w163 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.154.221) </div></td><td class=\"c x4ec y12ec w164 h57\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(28.191) </div></td></tr><tr><td class=\"c x4b2 y12ed w122 h57\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al cierre del ejercicio </div></td><td class=\"c x4e5 y12ed w161 h57\"><div class=\"t_1 m0_1 x32 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.026.432<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e7 y12ed w162 h57\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.933<span class=\"ls0_1\"> </span></div></td><td class=\"c x4e6 y12ed w163 h57\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.605.432<span class=\"ls0_1\"> </span></div></td><td class=\"c x4ec y12ed w164 h57\"><div class=\"t_1 m0_1 x86 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.205<span class=\"ls0_1\"> </span></div></td></tr></table>Las <span class=\"_ _f\"></span>acciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Dominante <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _f\"></span>poder <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>represen<span class=\"_ _3\"></span>tan <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span><span class=\"ls10\">1,63</span>% <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el capital <span class=\"_ _3\"></span>social <span class=\"_ _3\"></span>(1,<span class=\"ls10\">46</span>% <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>31 d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>4) <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>valor<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nominal <span class=\"_ _3\"></span>global <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span><span class=\"ls10\">3.</span>624 <span class=\"_ _3\"></span><span class=\"ff6\">miles <span class=\"_ _3\"></span>\u20ac <span class=\"_ _3\"></span>(3.</span>245 <span class=\"_ _f\"></span><span class=\"ff6\">miles \u20ac </span>al 31 de diciembre d<span class=\"_ _3\"></span>e 2024). <span class=\"_ _3\"></span>El precio medio d<span class=\"_ _3\"></span>e adquisici\u00f3n de d<span class=\"_ _3\"></span>ichas acciones es d<span class=\"_ _3\"></span>e 3,<span class=\"_ _3\"></span><span class=\"ls10\">21 </span>euros por acci\u00f3n<span class=\"_ _3\"></span>. Las <span class=\"_ _f\"></span>accion<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>Sociedad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Domina<span class=\"_ _3\"></span>nte <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>oder <span class=\"_ _f\"></span>tiene<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>su <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>egociaci\u00f3n <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mercado, <span class=\"_ _f\"></span>as<span class=\"_ _3\"></span>\u00ed como dar respuesta<span class=\"_ _3\"></span> a los \u201cPlan de Retribuci\u00f3n<span class=\"_ _3\"></span> a Largo Plazo\u201d s<span class=\"_ _3\"></span>uscritos por E<span class=\"_ _3\"></span>NCE (v\u00e9ase Nota 11.2).<span class=\"_ _65\"> </span>ENCE <span class=\"_ _10\"></span>mantiene <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>trato <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>liquidez <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>intermediario <span class=\"_ _10\"></span>financiero <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>objetiv<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>favorec<span class=\"_ _3\"></span>er <span class=\"_ _10\"></span>la liquidez y <span class=\"_ _d\"></span>regularidad en <span class=\"_ _d\"></span>la cotizaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>las acciones <span class=\"_ _d\"></span>de ENCE, <span class=\"_ _2\"></span>dentro <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>los l\u00edm<span class=\"_ _2\"></span>ites <span class=\"_ _2\"></span>establecidos por <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Junta General de Accionis<span class=\"_ _3\"></span>tas y po<span class=\"_ _3\"></span>r la normativa <span class=\"_ _3\"></span>vigente, en particu<span class=\"_ _3\"></span>lar, la Circular 2/2019, de 27 <span class=\"_ _3\"></span>de noviembre, de<span class=\"_ _3\"></span> la Comisi\u00f3n Nacional <span class=\"_ _3\"></span>del Mercado de Valores<span class=\"_ _3\"></span>, sobre contratos d<span class=\"_ _3\"></span>e liquidez<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "21.8<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Intereses minoritarios </span></span>El movimiento de e<span class=\"_ _2\"></span>ste ep\u00edgrafe del Estado de Situaci\u00f3n Fina<span class=\"_ _2\"></span>nciera Consolidado en los ejercicios 2025 y 2024 es el siguiente: Miles de Euros A\u00f1o 2025<span class=\"_ _65\"> </span>Resultado<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>atribuido a<span class=\"_ _65\"> </span>Reparto<span class=\"_ _65\"> </span>Otros<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>Sociedad<span class=\"_ _65\"> </span>01/01/202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span>minoritarios<span class=\"_ _65\"> </span>dividendos<span class=\"_ _65\"> </span>movimientos<span class=\"_ _65\"> </span>31/12/202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span>Energ\u00eda de la Loma, S.A. 4.740 769<span class=\"ls0_1\"> </span>- - 5.509 Energ\u00edas de la Mancha Eneman, S.A. (496) 982<span class=\"ls0_1\"> </span>- - 486<span class=\"ls0_1\"> </span>Bioenerg\u00eda Santamar\u00eda, S.A. 3.665<span class=\"ls0_1\"> </span>1.654 - - 5.319 MAGNON 88<span class=\"ls0_1\">.</span>869<span class=\"ls0_1\"> </span>(10.998) (441) 855<span class=\"ls0_1\"> </span>78.285 BioCH4 Developments, S.L. (63) (<span class=\"lsd\">448</span>) - - (511) Biometag\u00e1s La Galera, S.L. 336<span class=\"ls0_1\"> </span>(4) - - 332<span class=\"ls0_1\"> </span>Total 97<span class=\"ls0_1\">.</span>051<span class=\"ls0_1\"> </span>(<span class=\"lsd\">8.045</span>) (<span class=\"lsd\">441</span>) 855<span class=\"ls0_1\"> </span>89.420<span class=\"ls0_1\"> </span>Miles de Euros<span class=\"_ _65\"> </span>A\u00f1o 2024<span class=\"_ _65\"> </span>Resultado<span class=\"_ _65\"> </span>Variaci\u00f3n del<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>atribuido a<span class=\"_ _65\"> </span>Reparto<span class=\"_ _65\"> </span>per\u00edmetro<span class=\"_ _65\"> </span>Otros<span class=\"_ _65\"> </span>Saldo al<span class=\"_ _65\"> </span>Sociedad<span class=\"_ _65\"> </span>01/01/202<span class=\"ls0_1\">4<span class=\"_ _65\"> </span></span>minoritarios<span class=\"_ _65\"> </span>dividendos<span class=\"_ _65\"> </span>(Nota 6)<span class=\"_ _65\"> </span>movimientos<span class=\"_ _65\"> </span>31/12/202<span class=\"ls0_1\">4<span class=\"_ _65\"> </span></span>Energ\u00eda de la Loma, S.A. 3.<span class=\"lsd\">350</span> 1.390 - - - 4.<span class=\"lsd\">740</span> 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=\"ls0_1\"> </span>La informaci\u00f3n financiera resumida relativa a los subgrupos significativos donde el G<span class=\"_ _2\"></span>rupo Ence no participa al 100%, antes de las eliminac<span class=\"_ _3\"></span>iones interempresas,<span class=\"_ _3\"></span> son los siguientes:<span class=\"_ _3\"></span> El <span class=\"_ _3\"></span>\u00fa<span class=\"_ _3\"></span>nico <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ubgrupo <span class=\"_ _f\"></span>considerado <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>significativo <span class=\"_ _f\"></span>es <span class=\"_ _3\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _f\"></span>MAGNON <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>presenta <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>ciembre de 2025 un activo total de <span class=\"ls10\">510</span> <span class=\"_ _2\"></span><span class=\"ff6\">millones \u20ac, un pasivo no corri<span class=\"_ _2\"></span>ente de <span class=\"ff3 ls10\">255<span class=\"ls0_1\"> </span></span>millones \u20acy un pasivo corriente <span class=\"_ _2\"></span>de </span>79<span class=\"ls0_1\"> <span class=\"_ _f\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>(al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>presenta<span class=\"_ _3\"></span>ba <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>activo <span class=\"_ _3\"></span>to<span class=\"_ _3\"></span>tal <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>568 <span class=\"_ _f\"></span>millones <span class=\"_ _f\"></span>\u20ac, <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>pasivo <span class=\"_ _f\"></span>no </span></span>corriente de 280 millon<span class=\"_ _3\"></span>es \u20acy un pas<span class=\"_ _3\"></span>ivo corriente de 96 millon<span class=\"_ _3\"></span>es \u20ac<span class=\"_ _3\"></span><span class=\"ff3\"> </span>La <span class=\"_ _f\"></span>columna <span class=\"_ _f\"></span>\u201cOtros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>movimientos\u201d <span class=\"_ _f\"></span>recoge, <span class=\"_ _f\"></span>principa<span class=\"_ _3\"></span>lmente, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>tereses <span class=\"_ _f\"></span>minoritarios <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los </span>\u201cAjustes en p<span class=\"_ _3\"></span>atrimonio por valoraci\u00f3n\u201d (v<span class=\"_ _3\"></span>\u00e9ase Nota 21.6).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "22.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Retri<span class=\"_ _3\"></span>bu<span class=\"_ _2\"></span>ci\u00f3n al accionista </span></span>El <span class=\"_ _2\"></span>28 <span class=\"_ _d\"></span>de f<span class=\"_ _2\"></span>ebrero <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>20<span class=\"_ _3\"></span>22, <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>Co<span class=\"_ _3\"></span>nsejo <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>EN<span class=\"_ _3\"></span>CE <span class=\"_ _2\"></span>aprob\u00f3 <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>nueva <span class=\"_ _2\"></span>Pol\u00edtica <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>Remuneraci\u00f3n<span class=\"_ _3\"></span> al Accionista aplicable a partir <span class=\"_ _2\"></span>de ese ejercicio con la <span class=\"_ _2\"></span>finalidad de establecer, dentro del m<span class=\"_ _2\"></span>arco de la Ley, los Estatutos <span class=\"_ _f\"></span>Sociales <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>recom<span class=\"_ _3\"></span>endacion<span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>buen <span class=\"_ _f\"></span>gobierno <span class=\"_ _3\"></span>corpo<span class=\"_ _3\"></span>rativo, <span class=\"_ _3\"></span>uno<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>criterios <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>retribu<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _3\"></span>qu<span class=\"_ _3\"></span>e permitan <span class=\"_ _3\"></span>ligar<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>resultado <span class=\"_ _f\"></span>econ\u00f3mico <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Sociedad <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>remunera<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>percibir <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>accion<span class=\"_ _3\"></span>istas <span class=\"_ _f\"></span>y que respondan<span class=\"_ _3\"></span> a principios de sostenibilid<span class=\"_ _3\"></span>ad, rentabilidad y prudencia finan<span class=\"_ _3\"></span>ciera.<span class=\"_ _3\"></span> A tal <span class=\"_ _2\"></span>fin, <span class=\"_ _2\"></span>se estima <span class=\"_ _2\"></span>que los <span class=\"_ _2\"></span>criterios <span class=\"_ _2\"></span>que deben <span class=\"_ _2\"></span>de m<span class=\"_ _2\"></span>arcar, como <span class=\"_ _2\"></span>directrices principales, la <span class=\"_ _2\"></span>Pol\u00edtica, <span class=\"_ _2\"></span>deben ser la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>caj<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ENC<span class=\"_ _3\"></span>E <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>us <span class=\"_ _0\"></span>sociedades <span class=\"_ _10\"></span>dependientes, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mantener <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>nivel <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>endeudamiento prudente <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de act<span class=\"_ _3\"></span>ividad <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>desar<span class=\"_ _3\"></span>rolla <span class=\"_ _f\"></span>el Grupo <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>el cumplimiento <span class=\"_ _f\"></span>de s<span class=\"_ _3\"></span>us <span class=\"_ _3\"></span>obligaciones <span class=\"_ _3\"></span>legales <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> contractuales. En <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>sentido, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>remuneraci\u00f3n <span class=\"_ _3\"></span>anual <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>accionis<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span>vendr\u00e1 d<span class=\"_ _3\"></span>eterminada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>caja <span class=\"_ _3\"></span>disponible <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>distrib<span class=\"_ _3\"></span>uir asegurando <span class=\"_ _f\"></span>un niv<span class=\"_ _3\"></span>el de <span class=\"_ _f\"></span>endeudamiento <span class=\"_ _3\"></span>financiero <span class=\"_ _3\"></span>adecuad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de, <span class=\"_ _3\"></span>como <span class=\"_ _f\"></span>ref<span class=\"_ _2\"></span>erencia, <span class=\"_ _3\"></span>2,5 <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>eces <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>negocio<span class=\"_ _3\"></span> de <span class=\"_ _10\"> </span>Ce<span class=\"_ _3\"></span>lulosa <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>5 <span class=\"_ _13\"> </span>veces <span class=\"_ _10\"> </span>en  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>negocio <span class=\"_ _10\"> </span>de<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>En<span class=\"_ _3\"></span>erg\u00eda, <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>resu<span class=\"_ _3\"></span>ltado <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _13\"> </span>operaciones <span class=\"_ _13\"> </span>antes <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>financieros, amortizaciones <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>i<span class=\"_ _3\"></span>mpuestos <span class=\"_ _19\"> </span>(EBITDA), <span class=\"_ _19\"> </span>utilizand<span class=\"_ _3\"></span>o <span class=\"_ _16\"> </span>precios <span class=\"_ _19\"> </span>medios <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>ciclo, <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>teniend<span class=\"_ _3\"></span>o <span class=\"_ _16\"> </span>en <span class=\"_ _19\"> </span>cuenta <span class=\"_ _19\"> </span>los compromisos y p<span class=\"_ _3\"></span>lanes de inversi\u00f3n.<span class=\"_ _3\"></span> Con <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>objetivo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>ajustar <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>remuneraci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>efectiva <span class=\"_ _f\"></span>generaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>caja <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Sociedad, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>propuso <span class=\"_ _0\"></span>el siguiente <span class=\"_ _13\"> </span>calendario <span class=\"_ _13\"> </span>para <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>abono <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>dividendos: <span class=\"_ _13\"> </span>(i) <span class=\"_ _10\"> </span>dos <span class=\"_ _13\"> </span>dividendos <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>cuenta <span class=\"_ _10\"> </span>acordados  al <span class=\"_ _10\"> </span>cierre <span class=\"_ _13\"> </span>del segundo <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>tercer <span class=\"_ _f\"></span>tri<span class=\"_ _3\"></span>mestre <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>cada <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>es <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>meses <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>julio <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>octub<span class=\"_ _3\"></span>re; <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>(ii) <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dividend<span class=\"_ _3\"></span>o complementario <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>propondr\u00e1 <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Junta <span class=\"_ _f\"></span>General <span class=\"_ _f\"></span>Ordinaria <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>Accionis<span class=\"_ _3\"></span>tas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Sociedad <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>fecha que se convoq<span class=\"_ _3\"></span>ue dentro del primer semestre de cada <span class=\"_ _3\"></span>ejercicio.<span class=\"_ _3\"></span> El <span class=\"_ _0\"></span>Consejo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Administraci\u00f3n <span class=\"_ _0\"></span>podr\u00e1 <span class=\"_ _0\"></span>prop<span class=\"_ _3\"></span>oner <span class=\"_ _f\"></span>aqu<span class=\"_ _3\"></span>ellas <span class=\"_ _f\"></span>mod<span class=\"_ _3\"></span>alidades <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>remuneraci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>accion<span class=\"_ _3\"></span>ista <span class=\"_ _0\"></span>que resulten <span class=\"_ _19\"> </span>m\u00e1s<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>acord<span class=\"_ _3\"></span>es <span class=\"_ _15\"> </span>en <span class=\"_ _19\"> </span>ca<span class=\"_ _3\"></span>da <span class=\"_ _19\"> </span>mom<span class=\"_ _3\"></span>ento, <span class=\"_ _19\"> </span>in<span class=\"_ _3\"></span>cluyendo <span class=\"_ _15\"> </span>programas <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>r<span class=\"_ _3\"></span>ecompra <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>a<span class=\"_ _3\"></span>cciones <span class=\"_ _19\"> </span>p<span class=\"_ _3\"></span>ara <span class=\"_ _19\"> </span>s<span class=\"_ _3\"></span>u amortizaci\u00f3n, sis<span class=\"_ _3\"></span>tema de retribuci\u00f3n flexible, as<span class=\"_ _3\"></span>\u00ed como distribuc<span class=\"_ _3\"></span>iones en<span class=\"_ _3\"></span> especie. 22.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Dividendos pagados </span></span>El Cons<span class=\"_ _3\"></span>ejo de <span class=\"_ _3\"></span>Administraci\u00f3n <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>Sociedad<span class=\"_ _3\"></span> Dominante <span class=\"_ _f\"></span>acord\u00f3 <span class=\"_ _3\"></span>durante <span class=\"_ _3\"></span>el a\u00f1o <span class=\"_ _3\"></span>2024<span class=\"_ _3\"></span> el p<span class=\"_ _3\"></span>ago en <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>de dos <span class=\"_ _13\"> </span>dividendos <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>cuenta <span class=\"_ _10\"> </span>del  re<span class=\"_ _2\"></span>sultado  del <span class=\"_ _10\"> </span>ejercicio <span class=\"_ _13\"> </span>2024<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>por <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _13\"> </span>importe <span class=\"_ _10\"> </span>agregad<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span><span><span id=\"__10\">0,140</span></span> <span class=\"_ _13\"> </span><span class=\"ff6\">\u20ac/acci\u00f3n, </span>equivalente a 34,0 <span class=\"ff6\">millon<span class=\"_ _3\"></span>es \u20ac.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "140.0",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-17": {
   "value": "23.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Subvenciones </span></span>Las <span class=\"_ _2\"></span>variaciones <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _d\"></span>ep\u00edgra<span class=\"_ _3\"></span>fe <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _d\"></span>Es<span class=\"_ _3\"></span>tado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Situaci\u00f3n Financiera <span class=\"_ _d\"></span>cons<span class=\"_ _3\"></span>olidado <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ejer<span class=\"_ _3\"></span>cicios <span class=\"_ _d\"></span>202<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>2024 es el siguiente:<span class=\"_ _65\"> </span>Pr\u00e9stamos<span class=\"_ _65\"> </span>Cr\u00e9ditos<span class=\"_ _65\"> </span>Subvencionados<span class=\"_ _65\"> </span>SubvencionesDerechos de<span class=\"_ _65\"> </span>compensaci\u00f3n<span class=\"_ _65\"> </span>Miles de Euros  (Nota 28.2) y<span class=\"_ _65\"> </span>de CapitalEmisi\u00f3n<span class=\"_ _65\"> </span>de gases efecto<span class=\"_ _65\"> </span>Total otros<span class=\"_ _65\"> </span>(Nota 20.1)<span class=\"_ _65\"> </span>invernadero<span class=\"_ _65\"> </span>(Nota 20)<span class=\"_ _65\"> </span>Saldo a 31/12/2023 7 6.011<span class=\"ls0_1\"> </span>- 6.018<span class=\"ff3 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=\"ls0_1\"> </span>Altas por nuevas subvenciones -  9.224   - 395<span class=\"ls0_1\"> </span> 9.619<span class=\"_ _65\"> </span>Derechos de emisi\u00f3n concedidos  -  -<span class=\"ls25\">  </span> 7.722 -  7.722   Imputaci\u00f3n a resultados consolidados - (939)   (7.722) (23) (8.684)   Saldo a 31/12/2025 7  <span class=\"lsd\">17.585  </span> - 1.600<span class=\"ls0_1\"> </span>19.192<span class=\"ls0_1\"> </span>ENCE ha <span class=\"_ _d\"></span>obten<span class=\"_ _3\"></span>ido <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>diversas <span class=\"_ _2\"></span>entidades <span class=\"_ _2\"></span>p\u00fablicas, subvenciones <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>fondo <span class=\"_ _2\"></span>perdido por <span class=\"_ _d\"></span>inversiones destinadas a fome<span class=\"_ _2\"></span>ntar la <span class=\"_ _2\"></span>estructura productiva ind<span class=\"_ _2\"></span>ustrial, con <span class=\"_ _2\"></span>impacto significativo <span class=\"_ _2\"></span>en la <span class=\"_ _d\"></span>creaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>empleo, <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>ahorro y la eficiencia energ\u00e9tica, y<span class=\"_ _3\"></span> un mejor ap<span class=\"_ _3\"></span>rovechamiento d<span class=\"_ _3\"></span>e la energ\u00eda. Adicionalmente, el Grupo <span class=\"_ _2\"></span>tiene concedidas ayudas al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>de diciembre de 2025 por importe <span class=\"_ _2\"></span>de 13.167 miles \u20ac, <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>estinadas <span class=\"_ _13\"> </span>principalmente <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>apoyar <span class=\"_ _13\"> </span>proyectos <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>inversi\u00f3n <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>elevad<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>compon<span class=\"_ _3\"></span>ente <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>ahorro energ\u00e9tico, que est\u00e1n<span class=\"_ _3\"></span> condicionadas<span class=\"_ _3\"></span> a la ejecuci\u00f3n y justificaci\u00f3n d<span class=\"_ _3\"></span>e dichos proy<span class=\"_ _3\"></span>ectos<span class=\"_ _3\"></span> Asimismo, ENCE <span class=\"_ _2\"></span>obtuvo en ejercicios <span class=\"_ _2\"></span>anteriores<span class=\"_ _3\"></span> cr\u00e9<span class=\"_ _2\"></span>ditos a tipos <span class=\"_ _2\"></span>de inter\u00e9s <span class=\"_ _2\"></span>favorables y <span class=\"_ _2\"></span>vigencia de <span class=\"_ _2\"></span>hasta 10 a\u00f1os, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>financian<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>proyectos <span class=\"_ _10\"></span>desarrollados <span class=\"_ _10\"> </span>por <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>Grupo <span class=\"_ _10\"> </span>para <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>ampliaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>mejora<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>capacidad productiva <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>biof\u00e1bricas <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>celulosa,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>as\u00ed <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>desarrollo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>proyectos <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>I+D+i. <span class=\"_ _3\"></span>La<span class=\"_ _3\"></span> diferencia <span class=\"_ _f\"></span>entre <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>inter\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>mercado <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>tipo <span class=\"_ _f\"></span>inferior <span class=\"_ _f\"></span>recogido <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>contrato, <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>considera <span class=\"_ _f\"></span>una subvenci\u00f3n <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>imputa <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>resultados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>siguiend<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>criterio <span class=\"_ _3\"></span>financiero <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>largo <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _10\"></span>vida <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>pr\u00e9stamo (v\u00e9ase Nota 28.2).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "24.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Instrumentos financiero<span class=\"_ _2\"></span>s por categor\u00eda </span></span>Los <span class=\"_ _16\"> </span>ins<span class=\"_ _3\"></span>trumentos <span class=\"_ _16\"> </span>financieros <span class=\"_ _19\"> </span>por <span class=\"_ _16\"> </span>categor\u00eda <span class=\"_ _19\"> </span>reconciliad<span class=\"_ _3\"></span>os <span class=\"_ _16\"> </span>con <span class=\"_ _19\"> </span>las <span class=\"_ _16\"> </span>partid<span class=\"_ _3\"></span>as <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>E<span class=\"_ _3\"></span>stado <span class=\"_ _16\"> </span>de <span class=\"_ _19\"> </span>Situaci\u00f3n Financiera consolida<span class=\"_ _3\"></span>do al 31 de diciembre de 20<span class=\"_ _3\"></span>25 y<span class=\"_ _3\"></span> 2024 son lo<span class=\"_ _3\"></span>s siguientes<span class=\"_ _3\"></span><span class=\"ls29\">:<span class=\"_ _65\"> </span></span>5 <table class=\"s w3cb h1c8\" id=\"_c6056f83-2b0e-423d-a1e8-b949af1c8381\"><tr><td class=\"c x1ca y1324 w2ea h1c9\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td><td></td><td></td><td class=\"c x540 y1325 w3cc h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados<span class=\"_ _65\"> </span></div></td><td class=\"c x541 y1325 w3cd h199\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x542 y1326 w3ce h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">designados como</div></td><td class=\"c x543 y1326 w3cf h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">razonable con<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x544 y1327 w3d0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste<span class=\"_ _65\"> </span></div></td><td class=\"c x545 y1327 w347 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de</div></td><td class=\"c x546 y1327 w3d1 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cambios en</div></td><td class=\"c x547 y1327 w3d2 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total a<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y1328 w3d3 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros<span class=\"_ _65\"> </span></div></td><td class=\"c x548 y1329 w181 h7d\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x3e8 y1328 w3d4 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">amortizado<span class=\"_ _65\"> </span></div></td><td class=\"c x540 y1328 w3d5 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cobertura<span class=\"_ _65\"> </span></div></td><td class=\"c x549 y1328 w3d6 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultados</div></td><td class=\"c x54a y1328 w38b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x3a9 y132a w180 h6b\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inversiones contabilizadas por el m\u00e9todo de parti<span class=\"_ _2\"></span>cipaci\u00f3n<span class=\"_ _3\"></span> </div></td><td></td><td class=\"c x54b y132a w16e h6b\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54c y132a w182 h6b\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y132a w183 h6b\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\"> </span></div></td><td class=\"c x54e y132a w184 h6b\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">96<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3a9 y132b w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos financieros derivados </div></td><td class=\"c x548 y132b w181 h57\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y132b w16e h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54c y132b w182 h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.795 </div></td><td class=\"c x54d y132b w183 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y132b w184 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.795 </div></td></tr><tr><td class=\"c x3a9 y132c w180 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores comerciales y otras cuentas a cobrar </div></td><td class=\"c x548 y132c w181 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y132c w16e h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30<span class=\"ls0_1\">.</span>579<span class=\"ls0_1\"> </span></div></td><td class=\"c x54c y132c w182 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y132c w183 h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y132c w184 h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30<span class=\"ls0_1\">.</span>579<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3a9 y132d w180 h86\"><div class=\"t_1 m0_1 x10 h20 y4d6 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores comerciales y otras inversiones fin<span class=\"_ _2\"></span>ancieras - </div><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">empresas del Grupo y vinculadas </div></td><td class=\"c x548 y132d w181 h86\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25 y 34<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y132d w16e h86\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">801<span class=\"ls0_1\"> </span></div></td><td class=\"c x54c y132d w182 h86\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y132d w183 h86\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y132d w184 h86\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">801<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3a9 y132e w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras inversiones financieras </div></td><td class=\"c x548 y132e w181 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.2 </div></td><td class=\"c x54b y132e w16e h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">25.421 </div></td><td class=\"c x54c y132e w182 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y132e w183 h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.915 </div></td><td class=\"c x54e y132e w184 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">40<span class=\"ls0_1\">.</span>336<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3a9 y132f w180 h85\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo y otros activos l\u00edquidos equivalentes </div></td><td class=\"c x548 y132f w181 h85\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.1 </div></td><td class=\"c x54b y132f w16e h85\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">227<span class=\"ls0_1\">.</span>451<span class=\"ls0_1\"> </span></div></td><td class=\"c x54c y132f w182 h85\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y132f w183 h85\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y132f w184 h85\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">227<span class=\"ls0_1\">.</span>451<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3a9 y1330 w180 h25\"><div class=\"t_1 m0_1 x5d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Activos financieros </div></td><td></td><td class=\"c x54b y1330 w16e h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">292<span class=\"ls0_1\">.</span>202<span class=\"ls0_1\"> </span></div></td><td class=\"c x54c y1330 w182 h25\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.795<span class=\"ls0_1\"> </span></div></td><td class=\"c x54d y1330 w183 h25\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7<span class=\"lsd\">.061</span> </div></td><td class=\"c x54e y1330 w184 h25\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">30<span class=\"lsd\">1.058</span> </div></td></tr><tr><td class=\"c x3a9 y1331 w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos financieros derivados </div></td><td class=\"c x548 y1331 w181 h57\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1331 w16e h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54c y1331 w182 h57\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3<span class=\"lsc\">.0<span class=\"lsd\">28</span></span> </div></td><td class=\"c x54d y1331 w183 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1331 w184 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3<span class=\"lsc\">.0<span class=\"lsd\">28</span></span> </div></td></tr><tr><td class=\"c x3a9 y1332 w180 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores comerciales y otras cuentas a pagar </div></td><td class=\"c x548 y1332 w181 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">26<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1332 w16e h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2<span class=\"lsd\">20</span>.<span class=\"lsd\">110</span> </div></td><td class=\"c x54c y1332 w182 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1332 w183 h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1332 w184 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2<span class=\"lsd\">20</span>.<span class=\"lsd\">110</span> </div></td></tr><tr><td class=\"c x3a9 y1333 w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos no corrientes y corrientes </div></td><td class=\"c x548 y1333 w181 h57\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">29<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1333 w16e h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">65.<span class=\"lsd\">904</span> </div></td><td class=\"c x54c y1333 w182 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1333 w183 h57\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.642 </div></td><td class=\"c x54e y1333 w184 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">69<span class=\"ls0_1\">.</span>546<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y1334 w3d7 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas comerciales y otros pasivos financieros con<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y1335 w3d8 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">empresas del Grupo y vinculadas<span class=\"_ _65\"> </span></div></td><td class=\"c x548 y1336 w181 h86\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">26 y 34<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1336 w16e h86\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">34.<span class=\"lsd\">333</span> </div></td><td class=\"c x54c y1336 w182 h86\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1336 w183 h86\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1336 w184 h86\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">34.<span class=\"lsd\">333</span> </div></td></tr><tr><td class=\"c x3a9 y1337 w180 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones y otros valores negociables </div></td><td class=\"c x548 y1337 w181 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.1 </div></td><td class=\"c x54b y1337 w16e h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76<span class=\"lsc\">.5<span class=\"lsd\">26</span></span> </div></td><td class=\"c x54c y1337 w182 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1337 w183 h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1337 w184 h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76<span class=\"lsc\">.5<span class=\"lsd\">26</span></span> </div></td></tr><tr><td class=\"c x3a9 y1338 w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas con entidades de cr\u00e9dito </div></td><td class=\"c x548 y1338 w181 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.1 </div></td><td class=\"c x54b y1338 w16e h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4<span class=\"lsd\">51<span class=\"lsc\">.1</span>65</span> </div></td><td class=\"c x54c y1338 w182 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1338 w183 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1338 w184 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4<span class=\"lsd\">51<span class=\"lsc\">.1</span>65</span> </div></td></tr><tr><td class=\"c x3a9 y1339 w180 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros </div></td><td class=\"c x548 y1339 w181 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.2 </div></td><td class=\"c x54b y1339 w16e h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">91.<span class=\"lsd\">780</span> </div></td><td class=\"c x54c y1339 w182 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1339 w183 h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1339 w184 h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">91.<span class=\"lsd\">780</span> </div></td></tr><tr><td class=\"c x3a9 y133a w180 h25\"><div class=\"t_1 m0_1 xa3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Pasivos financieros </div></td><td></td><td class=\"c x54b y133a w16e h25\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9<span class=\"lsd\">43</span>.<span class=\"lsd\">460</span> </div></td><td class=\"c x54c y133a w182 h25\"><div class=\"t_1 m0_1 x30 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3<span class=\"lsd\">.028</span> </div></td><td class=\"c x54d y133a w183 h25\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y133a w184 h25\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9<span class=\"lsd\">46</span>.<span class=\"lsd\">488</span> </div></td></tr><tr><td class=\"c x1ca y133b w3d9 h1ca\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x540 y133c w3cc h1cb\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados<span class=\"_ _65\"> </span></div></td><td class=\"c x541 y133c w3cd h1cb\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x542 y133d w3ce h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">designados como</div></td><td class=\"c x543 y133d w3cf h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">razonable con<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x544 y133e w3d0 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Coste<span class=\"_ _65\"> </span></div></td><td class=\"c x545 y133e w347 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos de</div></td><td class=\"c x546 y133e w3d1 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cambios en</div></td><td class=\"c x547 y133e w3d2 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total a<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y133f w3d3 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros<span class=\"_ _65\"> </span></div></td><td class=\"c x548 y1340 w181 hbb\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></td><td class=\"c x3e8 y133f w3d4 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">amortizado<span class=\"_ _65\"> </span></div></td><td class=\"c x540 y133f w3d5 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cobertura<span class=\"_ _65\"> </span></div></td><td class=\"c x549 y133f w3d6 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultados</div></td><td class=\"c x54a y133f w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x3a9 y1341 w180 h6b\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inversiones contabilizadas por el m\u00e9todo de parti<span class=\"_ _2\"></span>cipaci\u00f3n<span class=\"_ _3\"></span> </div></td><td></td><td class=\"c x54b y1341 w16e h6b\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54c y1341 w182 h6b\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1341 w183 h6b\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td><td class=\"c x54e y1341 w184 h6b\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">77<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3a9 y1342 w180 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos financieros derivados </div></td><td class=\"c x548 y1342 w181 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1342 w16e h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54c y1342 w182 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1342 w183 h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1342 w184 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x3a9 y1343 w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores comerciales y otras cuentas a cobrar </div></td><td class=\"c x548 y1343 w181 h57\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1343 w16e h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">49.756 </div></td><td class=\"c x54c y1343 w182 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1343 w183 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1343 w184 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">49.756 </div></td></tr><tr><td class=\"c x3a9 y1344 w180 h86\"><div class=\"t_1 m0_1 x10 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores comerciales y otras inversiones fin<span class=\"_ _2\"></span>ancieras - </div><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">empresas del Grupo y vinculadas </div></td><td class=\"c x548 y1344 w181 h86\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">25 y 34<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1344 w16e h86\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.140 </div></td><td class=\"c x54c y1344 w182 h86\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1344 w183 h86\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1344 w184 h86\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.140 </div></td></tr><tr><td class=\"c x3a9 y1345 w180 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otras inversiones financieras </div></td><td class=\"c x548 y1345 w181 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.2 </div></td><td class=\"c x54b y1345 w16e h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">56.999 </div></td><td class=\"c x54c y1345 w182 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1345 w183 h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.936 </div></td><td class=\"c x54e y1345 w184 h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.935 </div></td></tr><tr><td class=\"c x3a9 y1346 w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo y otros activos l\u00edquidos equivalentes </div></td><td class=\"c x548 y1346 w181 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.1 </div></td><td class=\"c x54b y1346 w16e h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">263.942 </div></td><td class=\"c x54c y1346 w182 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1346 w183 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1346 w184 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">263.942 </div></td></tr><tr><td class=\"c x3a9 y1347 w180 h57\"><div class=\"t_1 m0_1 x5d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Activos financieros </div></td><td></td><td class=\"c x54b y1347 w16e h57\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">371.837<span class=\"ls0_1\"> </span></div></td><td class=\"c x54c y1347 w182 h57\"><div class=\"t_1 m0_1 x14 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1347 w183 h57\"><div class=\"t_1 m0_1 xc h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">20.013<span class=\"ls0_1\"> </span></div></td><td class=\"c x54e y1347 w184 h57\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">391.850<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x3a9 y1348 w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos financieros derivados </div></td><td class=\"c x548 y1348 w181 h57\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">30<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1348 w16e h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54c y1348 w182 h57\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.003 </div></td><td class=\"c x54d y1348 w183 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1348 w184 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.003 </div></td></tr><tr><td class=\"c x3a9 y1349 w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores comerciales y otras cuentas a pagar </div></td><td class=\"c x548 y1349 w181 h57\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">26<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y1349 w16e h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">216.033 </div></td><td class=\"c x54c y1349 w182 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1349 w183 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1349 w184 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">216.033 </div></td></tr><tr><td class=\"c x3a9 y134a w180 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos no corrientes y corrientes </div></td><td class=\"c x548 y134a w181 h25\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">29<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y134a w16e h25\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">96.585 </div></td><td class=\"c x54c y134a w182 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y134a w183 h25\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.642 </div></td><td class=\"c x54e y134a w184 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">100.227 </div></td></tr><tr><td class=\"c x1ca y134b w3d7 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas comerciales y otros pasivos financieros con<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y134c w3d8 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">empresas del Grupo y vinculadas<span class=\"_ _65\"> </span></div></td><td class=\"c x548 y134d w181 h86\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">26 y 34<span class=\"ls0_1\"> </span></div></td><td class=\"c x54b y134d w16e h86\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.712 </div></td><td class=\"c x54c y134d w182 h86\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y134d w183 h86\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y134d w184 h86\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.712 </div></td></tr><tr><td class=\"c x3a9 y134e w180 h85\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones y otros valores negociables </div></td><td class=\"c x548 y134e w181 h85\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.1 </div></td><td class=\"c x54b y134e w16e h85\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x54c y134e w182 h85\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y134e w183 h85\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y134e w184 h85\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td></tr><tr><td class=\"c x3a9 y134f w180 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas con entidades de cr\u00e9dito </div></td><td class=\"c x548 y134f w181 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.1 </div></td><td class=\"c x54b y134f w16e h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">442.133 </div></td><td class=\"c x54c y134f w182 h25\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y134f w183 h25\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y134f w184 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">442.133 </div></td></tr><tr><td class=\"c x3a9 y1350 w180 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros </div></td><td class=\"c x548 y1350 w181 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.2 </div></td><td class=\"c x54b y1350 w16e h57\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">92.955 </div></td><td class=\"c x54c y1350 w182 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54d y1350 w183 h57\"><div class=\"t_1 m0_1 xb3 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1350 w184 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">92.955 </div></td></tr><tr><td class=\"c x3a9 y1351 w180 h57\"><div class=\"t_1 m0_1 xa3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Pasivos financieros </div></td><td></td><td class=\"c x54b y1351 w16e h57\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">956.621<span class=\"ls0_1\"> </span></div></td><td class=\"c x54c y1351 w182 h57\"><div class=\"t_1 m0_1 x3a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.003<span class=\"ls0_1\"> </span></div></td><td class=\"c x54d y1351 w183 h57\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x54e y1351 w184 h57\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">968.624<span class=\"ls0_1\"> </span></div></td></tr></table>La <span class=\"_ _3\"></span>valoraci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los ins<span class=\"_ _3\"></span>trumentos <span class=\"_ _3\"></span>financieros <span class=\"_ _3\"></span>derivados <span class=\"_ _3\"></span>se ha <span class=\"_ _3\"></span>realizad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>considerando <span class=\"_ _3\"></span>informaci\u00f3n d<span class=\"_ _3\"></span>e niv<span class=\"_ _3\"></span>el 2, <span class=\"_ _16\"> </span>esto <span class=\"_ _16\"> </span>es,<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>utilizando <span class=\"_ _19\"> </span>variables <span class=\"_ _16\"> </span>diferentes <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>precios <span class=\"_ _16\"> </span>co<span class=\"_ _3\"></span>tizados,<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>son <span class=\"_ _16\"> </span>ob<span class=\"_ _3\"></span>servables <span class=\"_ _16\"> </span>bien <span class=\"_ _16\"> </span>directa <span class=\"_ _19\"> </span>o indirectamente <span class=\"_ _3\"></span>(v\u00e9as<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Nota <span class=\"_ _f\"></span>3.8). <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>parte, <span class=\"_ _3\"></span>pa<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>valoraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traprestaci\u00f3n contingente se utilizan<span class=\"_ _3\"></span> variables<span class=\"_ _3\"></span> del nivel 3 incluy<span class=\"_ _3\"></span>endo los t\u00e9rminos d<span class=\"_ _3\"></span>el contrato<span class=\"_ _3\"></span> de venta, el conoci<span class=\"_ _3\"></span>miento por parte del Grupo d<span class=\"_ _3\"></span>e su negocio y lo<span class=\"_ _3\"></span>s efectos del entorno econ\u00f3mico act<span class=\"_ _3\"></span>ual.<span class=\"_ _65\"> </span>El valor <span class=\"_ _2\"></span>razonable de <span class=\"_ _2\"></span>los activos y <span class=\"_ _2\"></span>pasivos financieros valorados a <span class=\"_ _2\"></span>coste amortizado, <span class=\"_ _2\"></span>entre los que <span class=\"_ _2\"></span>se incluye la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>contratada <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _f\"></span>fijo <span class=\"_ _3\"></span>(v\u00e9anse <span class=\"_ _3\"></span>N<span class=\"_ _3\"></span>otas <span class=\"_ _f\"></span>5 y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>28), <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>ifiere <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>forma <span class=\"_ _f\"></span>significativa <span class=\"_ _3\"></span>del importe al que se encuentra<span class=\"_ _3\"></span>n registrad<span class=\"_ _3\"></span>os.<span class=\"_ _65\"> </span>25.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Deudores comerciales y otras cuentas a cobrar<span class=\"_ _2\"></span>  </span></span>La <span class=\"_ _10\"> </span>composici\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cDeud<span class=\"_ _3\"></span>ores <span class=\"_ _10\"> </span>comerciales <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>otras<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>cobrar\u201d <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>activo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Estado <span class=\"_ _10\"> </span>de Situaci\u00f3n Financiera con<span class=\"_ _3\"></span>solidado al cierre de los<span class=\"_ _3\"></span> ejercicios 202<span class=\"_ _3\"></span>5 y 2024 es la<span class=\"_ _3\"></span> siguiente<span class=\"ls29\">: <span class=\"_ _3\"></span></span> <table class=\"s w3da h1cd\" id=\"_1b2bca20-3cb2-4568-a802-b438c857c74e\"><tr><td class=\"c x254 y1352 w185 ha4\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x54f y1352 w1c ha4\"><div class=\"t_1 m0_1 xf h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x550 y1352 w187 ha4\"><div class=\"t_1 m0_1 xf h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x254 y1353 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Clientes por ventas- </div></td><td></td><td></td></tr><tr><td class=\"c x254 y1354 w185 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Celulosa </span></div></td><td class=\"c x54f y1354 w1c h5c\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.725    </span></div></td><td class=\"c x550 y1354 w187 h5c\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.370    </span></div></td></tr><tr><td class=\"c x254 y1355 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Energ\u00eda </span></div></td><td class=\"c x54f y1355 w1c h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.371    </span></div></td><td class=\"c x550 y1355 w187 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.946    </span></div></td></tr><tr><td class=\"c x254 y1356 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Otros conceptos </span></div></td><td class=\"c x54f y1356 w1c h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.679    </span></div></td><td class=\"c x550 y1356 w187 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.715    </span></div></td></tr><tr><td class=\"c x254 y1357 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Empresas del grupo y vinculadas, deudores (Nota 34) </div></td><td class=\"c x54f y1357 w1c h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">789   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x550 y1357 w187 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.128    </span></div></td></tr><tr><td class=\"c x254 y1358 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores varios </div></td><td class=\"c x54f y1358 w1c h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.714    </span></div></td><td class=\"c x550 y1358 w187 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.715    </span></div></td></tr><tr><td class=\"c x254 y1359 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor </div></td><td class=\"c x54f y1359 w1c h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(5.910)    </span></div></td><td class=\"c x550 y1359 w187 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.990)    </span></div></td></tr><tr><td></td><td class=\"c x54f y135a w1c h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">31.368   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x550 y135a w187 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">50.884   <span class=\"ls0_1\"> </span></span></div></td></tr></table>El per\u00edodo <span class=\"_ _2\"></span>de cr\u00e9dito <span class=\"_ _2\"></span>para la <span class=\"_ _2\"></span>venta<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>pas<span class=\"_ _3\"></span>ta de <span class=\"_ _2\"></span>celulosa se sit\u00faa <span class=\"_ _2\"></span>en me<span class=\"_ _2\"></span>dia entre 54 <span class=\"_ _2\"></span>y 58 <span class=\"_ _2\"></span>d\u00edas. En la <span class=\"_ _2\"></span>evoluci\u00f3n de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>saldo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cobrar <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>ventas <span class=\"_ _f\"></span>de energ\u00eda <span class=\"_ _f\"></span>renovable <span class=\"_ _3\"></span>debe <span class=\"_ _3\"></span>considerarse <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>cobrar <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Pool presentan <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>eriodo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobro<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>aproxi<span class=\"_ _3\"></span>madamente <span class=\"_ _0\"></span>10 <span class=\"_ _f\"></span>d\u00edas <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>saldos <span class=\"_ _0\"></span>pendientes <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>CNMC<span class=\"_ _3\"></span> presentan <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobr<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>aproximadamente<span class=\"_ _3\"></span> 60 <span class=\"_ _3\"></span>d\u00ed<span class=\"_ _3\"></span>as. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>razonab<span class=\"_ _3\"></span>le d<span class=\"_ _3\"></span>e esto<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>saldos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>difiere de forma significativa <span class=\"_ _3\"></span>de su valor en libros<span class=\"_ _3\"></span>. La cuenta <span class=\"_ _2\"></span>\u201cDeterioro de <span class=\"_ _2\"></span>valor\u201d ha <span class=\"_ _2\"></span>tenido <span class=\"_ _2\"></span>dotaciones en el <span class=\"_ _d\"></span>ejercicio con <span class=\"_ _2\"></span>cargo a <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cuenta \u201cdeterioro <span class=\"_ _2\"></span>de valor sobre activos<span class=\"_ _3\"></span> financieros\u201d del Estado de Resulta<span class=\"_ _3\"></span>do por importe de <span class=\"_ _3\"></span><span class=\"ff3 ls10\">920 <span class=\"_ _3\"></span></span>miles \u20ac<span class=\"ff3\">.<span class=\"_ _65\"> </span></span>25.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Factoring  </span></span>El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>tiene <span class=\"_ _f\"></span>formalizad<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>factoring <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>recurso <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _0\"></span>Nota<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>3.7), <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>siguiente detalle: <table class=\"s w3db h1ce\" id=\"_351f0325-8763-44c2-88bf-de4231fd4601\"><tr><td></td><td class=\"c x552 y135b w189 h66\"><div class=\"t_1 m0_1 x45 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x553 y135b w18a h66\"><div class=\"t_1 m0_1 x45 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x554 y135c w188 h59\"><div class=\"t_1 m0_1 x10 h20 y9d1 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mn \u20ac<span class=\"ff3\"> </span></div></td><td class=\"c x555 y135d w3dc h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _65\"> </span></div></td><td class=\"c x556 y135d w3dd h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x423 y135d w3de h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _65\"> </span></div></td><td class=\"c x557 y135d w3dd h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x558 y135e w3df h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"_ _65\"> </span></div></td><td class=\"c x559 y135e w3e0 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td class=\"c x55a y135e w3e1 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"_ _65\"> </span></div></td><td class=\"c x55b y135e w3e0 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x554 y135f w188 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Celulosa </div></td><td class=\"c x552 y135f wc4 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">119.000 </div></td><td class=\"c x55c y135f w18b h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.781 </div></td><td class=\"c x553 y135f wc4 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">119.000 </div></td><td class=\"c x55d y135f w18b h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.977 </div></td></tr><tr><td class=\"c x554 y1360 w188 h7f\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Renovables </div></td><td class=\"c x552 y1360 wc4 h7f\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.400 </div></td><td class=\"c x55c y1360 w18b h7f\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.947 </div></td><td class=\"c x553 y1360 wc4 h7f\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.400 </div></td><td class=\"c x55d y1360 w18b h7f\"><div class=\"t_1 m0_1 xe8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x552 y1361 wc4 he4\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.400<span class=\"ls0_1\"> </span></div></td><td class=\"c x55c y1361 w18b he4\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">108.728<span class=\"ls0_1\"> </span></div></td><td class=\"c x553 y1361 wc4 he4\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.400<span class=\"ls0_1\"> </span></div></td><td class=\"c x55d y1361 w18b he4\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">85.977<span class=\"ls0_1\"> </span></div></td></tr></table>El coste financiero<span class=\"_ _3\"></span> asociado a lo<span class=\"_ _3\"></span>s cr\u00e9ditos vend<span class=\"_ _3\"></span>idos se estab<span class=\"_ _3\"></span>lece en el Euribo<span class=\"_ _3\"></span>r a 3 meses <span class=\"_ _3\"></span>m\u00e1s un diferencial<span class=\"_ _3\"></span> en <span class=\"_ _d\"></span>el entorno <span class=\"_ _d\"></span>del <span class=\"ls10\">1%<span class=\"_ _2\"></span><span class=\"ls3d\">. <span class=\"_ _d\"></span><span class=\"ls0_1\">Los saldos <span class=\"_ _d\"></span>comerciales<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>no factorizados <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>2<span class=\"_ _3\"></span>025 se <span class=\"_ _d\"></span>prev\u00e9n <span class=\"_ _2\"></span>recuperar </span></span></span>mediante su cobro a<span class=\"_ _3\"></span>l deudor, y no mediante s<span class=\"_ _3\"></span>u venta<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>26.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Acreedores comerciales y otras cuentas a pagar </span></span>La <span class=\"_ _0\"></span>composici\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _f\"></span>ep\u00ed<span class=\"_ _3\"></span>grafe <span class=\"_ _0\"></span>\u201cAcreedores<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>otras <span class=\"_ _0\"></span>cuentas <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>pagar\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estad<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de Situaci\u00f3n Financiera con<span class=\"_ _3\"></span>solidado al cierre de los<span class=\"_ _3\"></span> ejercicios 202<span class=\"_ _3\"></span>5 y 2024 es la<span class=\"_ _3\"></span> siguiente:<table class=\"s w3e2 h1cf\" id=\"_4e44c4e8-a979-4131-b8ac-5a9467e30c1a\"><tr><td class=\"c x4c3 y1362 w18c he6\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros  </div></td><td class=\"c x55e y1362 w9c he6\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x55f y1362 wdb he6\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4c3 y1363 w18c h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores comerciales y otras cuentas a pagar </div></td><td class=\"c x55e y1363 w9c h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"lsd\">65</span>.<span class=\"lsd\">996</span> </div></td><td class=\"c x55f y1363 wdb h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">180.865 </div></td></tr><tr><td class=\"c x4c3 y1364 w18c h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Empresas del grupo y vinculadas, acreedores (Nota 34) </div></td><td class=\"c x55e y1364 w9c h1d\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2<span class=\"lsc\">.8<span class=\"lsd\">11</span></span> </div></td><td class=\"c x55f y1364 wdb h1d\"><div class=\"t_1 m0_1 x1_1 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.821 </div></td></tr><tr><td class=\"c x4c3 y1365 w18c h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Proveedores de inmovilizado </div></td><td class=\"c x55e y1365 w9c h57\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\">.</span>873<span class=\"ls0_1\"> </span></div></td><td class=\"c x55f y1365 wdb h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.263 </div></td></tr><tr><td class=\"c x4c3 y1366 w18c h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Remuneraciones pendientes de pago </div></td><td class=\"c x55e y1366 w9c h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.<span class=\"lsd\">241</span> </div></td><td class=\"c x55f y1366 wdb h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.905 </div></td></tr><tr><td></td><td class=\"c x55e y1367 w9c h25\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2<span class=\"lsd\">22</span>.<span class=\"lsd\">921</span> </div></td><td class=\"c x55f y1367 wdb h25\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">217.854<span class=\"ls0_1\"> </span></div></td></tr></table>26.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Confirming </span></span>El Grupo tiene formalizado co<span class=\"_ _3\"></span>ntratos<span class=\"_ _3\"></span> de confirming sin recurso, d<span class=\"_ _3\"></span>e acuerdo al siguiente detalle:<span class=\"_ _f\"></span> <table class=\"s w3e3 h1d0\" id=\"_d8a786b6-dfb9-4cba-a012-c775525acd22\"><tr><td></td><td></td><td class=\"c x561 y1368 w18e he8\"><div class=\"t_1 m0_1 x15 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x562 y1368 w91 he8\"><div class=\"t_1 m0_1 x57 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x563 y1369 w188 h59\"><div class=\"t_1 m0_1 x10 h20 y9d1 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mn \u20ac<span class=\"ff3\"> </span></div></td><td class=\"c x564 y136a w3dc h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _65\"> </span></div></td><td class=\"c x565 y136a w3dd h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x566 y136a w3de h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _65\"> </span></div></td><td class=\"c x567 y136a w3dd h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x568 y136b w3df h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"_ _65\"> </span></div></td><td class=\"c x569 y136b w3e0 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td class=\"c x56a y136b w3e1 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"_ _65\"> </span></div></td><td class=\"c x56b y136b w3e0 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x563 y136c w188 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Celulosa </div></td><td class=\"c x561 y136c w18f h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">110.000 </div></td><td class=\"c x56c y136c wfa h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">64.470 </div></td><td class=\"c x562 y136c w85 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">134.500 </div></td><td class=\"c x56d y136c w19 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.745 </div></td></tr><tr><td class=\"c x563 y136d w188 h7f\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Renovables </div></td><td class=\"c x561 y136d w18f h7f\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.500 </div></td><td class=\"c x56c y136d wfa h7f\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.142 </div></td><td class=\"c x562 y136d w85 h7f\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">49.000 </div></td><td class=\"c x56d y136d w19 h7f\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.441 </div></td></tr><tr><td></td><td class=\"c x561 y136e w18f h66\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">149.500<span class=\"ls0_1\"> </span></div></td><td class=\"c x56c y136e wfa h66\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">78.612<span class=\"ls0_1\"> </span></div></td><td class=\"c x562 y136e w85 h66\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">183.500<span class=\"ls0_1\"> </span></div></td><td class=\"c x56d y136e w19 h66\"><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">83.186<span class=\"ls0_1\"> </span></div></td></tr></table>Los <span class=\"_ _f\"></span>saldos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>derivados <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>utilizaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>l\u00edneas <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>confirming <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>clas<span class=\"_ _3\"></span>ifican <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>deu<span class=\"_ _3\"></span>da <span class=\"_ _f\"></span>comercial. <span class=\"_ _f\"></span>Las<span class=\"_ _3\"></span> l\u00edneas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>confirming <span class=\"_ _0\"></span>contratadas <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>ENCE <span class=\"_ _f\"></span>no <span class=\"_ _0\"></span>contemplan <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>establecimiento <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>garant<span class=\"_ _3\"></span>\u00edas, <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>alteran <span class=\"_ _0\"></span>el<span class=\"_ _65\"> </span>periodo <span class=\"_ _13\"> </span>medio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>pago  acordado  con <span class=\"_ _10\"> </span>los  proveedores  y<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>devengan <span class=\"_ _13\"> </span>coste <span class=\"_ _10\"> </span>financie<span class=\"_ _3\"></span>ro <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>f<span class=\"_ _2\"></span>avor <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>las entidades financieras o<span class=\"_ _3\"></span>torgantes de las<span class=\"_ _3\"></span> l\u00edneas. 26.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Informaci\u00f3n sobre el Period<span class=\"_ _2\"></span>o Medio de Pago a p<span class=\"_ _2\"></span>roveedores </span></span>La informaci\u00f3n sob<span class=\"_ _3\"></span>re el periodo medio <span class=\"_ _3\"></span>de pago se ha <span class=\"_ _3\"></span>elabora<span class=\"_ _3\"></span>do de acuerdo a la L<span class=\"_ _3\"></span>ey 15/2010, p<span class=\"_ _3\"></span>or la que se<span class=\"_ _3\"></span> establecen  medidas  de <span class=\"_ _13\"> </span>lucha  contra  la <span class=\"_ _13\"> </span>morosidad  de  las  operaciones  comerciales,  las <span class=\"_ _13\"> </span>modificaciones establecidas en <span class=\"_ _d\"></span>la Ley <span class=\"_ _d\"></span>18/2022, de <span class=\"_ _d\"></span>28 de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>septiembre, de <span class=\"_ _d\"></span>creaci\u00f3n y <span class=\"_ _d\"></span>crecimiento de <span class=\"_ _d\"></span>empres<span class=\"_ _3\"></span>as <span class=\"_ _2\"></span>y la <span class=\"_ _d\"></span>Disposici\u00f3n final <span class=\"_ _0\"></span>segunda <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>1/2014, <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>3 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>ha <span class=\"_ _10\"></span>sido <span class=\"_ _0\"></span>preparada <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>licando <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Resoluci\u00f3n <span class=\"_ _0\"></span>del Instituto d<span class=\"_ _3\"></span>e Contabilidad y Auditor\u00eda de Cuenta<span class=\"_ _3\"></span>s de fecha 29 de enero d<span class=\"_ _3\"></span>e 2016. <span class=\"_ _f\"></span> El periodo medio de p<span class=\"_ _3\"></span>ago es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w3e4 h1d1\" id=\"_af940925-d801-4d4e-9e60-a7cd59955b86\"><tr><td></td><td></td><td class=\"c x56e y136f wd7 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00edas </div></td></tr><tr><td></td><td class=\"c x56e y1370 wb7 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x56f y1370 w25 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x563 y1371 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Periodo Medio de pago a proveedores (D\u00edas) </div></td><td class=\"c x56e y1371 wb7 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x56f y1371 w25 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x563 y1372 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ratio de operaciones pagadas (D\u00edas) </div></td><td class=\"c x56e y1372 wb7 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58 </div></td><td class=\"c x56f y1372 w25 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">59<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x563 y1373 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ratio de operaciones pendientes (D\u00edas) </div></td><td class=\"c x56e y1373 wb7 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43 </div></td><td class=\"c x56f y1373 w25 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">46<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x56e y1374 wd7 h5c\" colspan=\"2\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td></tr><tr><td class=\"c x563 y1375 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total pagos realizados </div></td><td class=\"c x56e y1375 wb7 h24\"><div class=\"t_1 m0_1 x2a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">778.526 </div></td><td class=\"c x56f y1375 w25 h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">750.443  </div></td></tr><tr><td class=\"c x563 y1376 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total pagos pendientes </div></td><td class=\"c x56e y1376 wb7 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">94.248 </div></td><td class=\"c x56f y1376 w25 h24\"><div class=\"t_1 m0_1 x56 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">114.366 </div></td></tr></table>Se <span class=\"_ _d\"></span>detallan<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>a continuaci\u00f3n <span class=\"_ _d\"></span>l<span class=\"_ _3\"></span>as <span class=\"_ _d\"></span>facturas <span class=\"_ _2\"></span>pagadas <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>periodo <span class=\"_ _2\"></span>inferior <span class=\"_ _d\"></span>al m\u00e1xim<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>establecido<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>normativa de morosidad:<table class=\"s w3e5 h1d2\" id=\"_03f4993e-c0c5-4fad-ae39-9ee3d070e6a3\"><tr><td></td><td></td><td class=\"c x571 y1377 w192 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x572 y1377 w192 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x573 y1378 w191 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x571 y1378 wc0 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Importe </div></td><td class=\"c x574 y1378 w193 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">% </div></td><td class=\"c x572 y1378 wc0 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Importe </div></td><td class=\"c x575 y1378 w193 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">% </div></td></tr><tr><td class=\"c x573 y1379 w191 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pagos realizados  </div></td><td class=\"c x571 y1379 wc0 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">512.449  </div></td><td class=\"c x574 y1379 w193 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">66%<span class=\"ls0_1\"> </span></div></td><td class=\"c x572 y1379 wc0 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">478.233  </div></td><td class=\"c x575 y1379 w193 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">64%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x573 y137a w191 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00ba facturas pagadas </div></td><td class=\"c x571 y137a wc0 h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">45.208 </div></td><td class=\"c x574 y137a w193 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">72<span class=\"ls0_1\">%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x572 y137a wc0 h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41.531 </div></td><td class=\"c x575 y137a w193 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">66%<span class=\"ls0_1\"> </span></div></td></tr></table>Las especificaciones con q<span class=\"_ _3\"></span>ue se ha elaborad<span class=\"_ _3\"></span>o dicha informaci\u00f3n s<span class=\"_ _3\"></span>on las siguientes:<span class=\"_ _3\"></span> Se <span class=\"_ _d\"></span>entender\u00e1 por <span class=\"_ _d\"></span>\u201cPeriodo <span class=\"_ _2\"></span>medio <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>pago <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>proveedores\u201d <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>plazo <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>trans<span class=\"_ _3\"></span>curre <span class=\"_ _d\"></span>desde <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>entrega <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>bienes o <span class=\"_ _2\"></span>prestaci\u00f3n de <span class=\"_ _d\"></span>servicios a <span class=\"_ _d\"></span>cargo del <span class=\"_ _d\"></span>proveedor hasta <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ago <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>operaci\u00f3n. <span class=\"_ _2\"></span>Dicho <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>calcula <span class=\"_ _2\"></span>como el <span class=\"_ _3\"></span>cociente <span class=\"_ _f\"></span>formado <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>numerador <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>sumatorio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>ratio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>operaciones <span class=\"_ _f\"></span>pagadas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>importe total de <span class=\"_ _3\"></span>los pagos <span class=\"_ _3\"></span>realizados m\u00e1s <span class=\"_ _3\"></span>la ra<span class=\"_ _3\"></span>tio de <span class=\"_ _3\"></span>operaciones pendientes <span class=\"_ _3\"></span>de pago <span class=\"_ _3\"></span>por el <span class=\"_ _3\"></span>importe total d<span class=\"_ _3\"></span>e pagos pendientes y, en el d<span class=\"_ _3\"></span>enominador, por el importe tota<span class=\"_ _3\"></span>l de pagos realizado<span class=\"_ _3\"></span>s y los pagos<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>endientes. Ratio de operacion<span class=\"_ _3\"></span>es pagadas<span class=\"_ _3\"></span>: importe en d\u00edas r<span class=\"_ _3\"></span>esultante d<span class=\"_ _3\"></span>el cociente entre <span class=\"_ _3\"></span>el sumatorio d<span class=\"_ _3\"></span>e los producto<span class=\"_ _3\"></span>s del importe de <span class=\"_ _2\"></span>cada una de la<span class=\"_ _2\"></span>s operaciones pagadas por el <span class=\"_ _2\"></span>n\u00famero de d\u00edas de <span class=\"_ _2\"></span>pago y e<span class=\"_ _2\"></span>l importe <span class=\"_ _2\"></span>total de los pagos realizados<span class=\"_ _3\"></span> en el ejercicio. Ratio de operaciones pendientes de pago: im<span class=\"_ _2\"></span>porte en d\u00edas r<span class=\"_ _2\"></span>esultante del cociente entre <span class=\"_ _2\"></span>el sumatorio de los productos <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>operaci\u00f3n <span class=\"_ _f\"></span>pendiente <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>pago <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>n\u00famero <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>d\u00edas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pendientes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>pago <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el importe total de los p<span class=\"_ _3\"></span>agos pendientes.<span class=\"_ _3\"></span> Quedan <span class=\"_ _10\"></span>fuera <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>\u00e1mbito<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>ob<span class=\"_ _3\"></span>ligaciones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>pago <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>hayan<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sido <span class=\"_ _10\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>retenc<span class=\"_ _3\"></span>i\u00f3n, saldos con<span class=\"_ _3\"></span> organismos p\u00fablicos, y pagos<span class=\"_ _3\"></span> domiciliados.<span class=\"_ _3\"></span> Este d<span class=\"_ _3\"></span>esglose de <span class=\"_ _3\"></span>informaci\u00f3n <span class=\"_ _3\"></span>correspondiente <span class=\"_ _3\"></span>a entidad<span class=\"_ _3\"></span>es espa\u00f1<span class=\"_ _3\"></span>olas incluid<span class=\"_ _3\"></span>as en <span class=\"_ _3\"></span>el conju<span class=\"_ _3\"></span>nto con<span class=\"_ _3\"></span>solidable una vez eliminados<span class=\"_ _3\"></span> los cr\u00e9ditos y d<span class=\"_ _3\"></span>\u00e9bitos rec\u00edprocos de las empresas<span class=\"_ _3\"></span> dependientes.<span class=\"_ _3\"></span> 27.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Activos financieros </span></span>27.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Efectivo y otros activo<span class=\"_ _2\"></span>s l\u00edquidos equ<span class=\"_ _2\"></span>ivalentes </span></span>El  ep\u00edgrafe <span class=\"_ _13\"> </span>\u201c<span class=\"ff3\">Efectivo<span class=\"ff2\">  </span></span>y <span class=\"_ _13\"> </span>otros  activos <span class=\"_ _13\"> </span>l\u00edquidos  equivalentes\u201d<span class=\"ff3\">  incluye  la <span class=\"_ _13\"> </span>tesorer\u00eda  del <span class=\"_ _13\"> </span>Grupo  y <span class=\"_ _13\"> </span>dep\u00f3sitos </span>bancarios a co<span class=\"_ _3\"></span>rto plazo con un vencimiento inicial d<span class=\"_ _3\"></span>e tres meses o u<span class=\"_ _3\"></span>n plazo inferior<span class=\"_ _3\"></span>. E<span class=\"_ _3\"></span>l importe en libros de estos activos<span class=\"_ _3\"></span> se aproxima a su valor ra<span class=\"_ _3\"></span>zonable.  27.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Otros activos financieros<span class=\"_ _2\"></span> </span></span>El detalle <span class=\"_ _2\"></span>de este <span class=\"_ _2\"></span>ep\u00edgrafe del Estado de <span class=\"_ _2\"></span>Situaci\u00f3n Financiera consolidado al <span class=\"_ _2\"></span>31 de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre de 202<span class=\"_ _3\"></span>5 y <span class=\"_ _2\"></span>2024 es el siguiente: 31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 31/12/202<span class=\"ls0_1\">4 </span><table class=\"s w3e6 h1d3\" id=\"_def3a8e0-ae53-45bb-8117-d70779fc7d81\"><tr><td class=\"c x23a y137b w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x576 y137b w197 h57\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></td><td class=\"c x577 y137b w198 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo </div></td><td class=\"c x578 y137b w199 h57\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></td><td class=\"c x579 y137b w198 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo </div></td></tr><tr><td class=\"c x23a y137c w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor de ajuste por desviaciones (Nota 29) </div></td><td class=\"c x576 y137c w197 h57\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">-</span>  <span class=\"ls0_1\"> </span></div></td><td class=\"c x577 y137c w198 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\"> -  </span></div></td><td class=\"c x578 y137c w199 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x579 y137c w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">22.837  </span></div></td></tr><tr><td class=\"c x23a y137d w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contrato de liquidez acci\u00f3n Ence (Nota 21.5) </div></td><td class=\"c x576 y137d w197 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"lsd\">657<span class=\"ls0_1\">  </span></span></div></td><td class=\"c x577 y137d w198 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x578 y137d w199 h57\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">1.786  </span></div></td><td class=\"c x579 y137d w198 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x23a y137e w5b h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 4) </div></td><td class=\"c x576 y137e w197 h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">13.462  </span></div></td><td class=\"c x577 y137e w198 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">1.453  </span></div></td><td class=\"c x578 y137e w199 h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">12.971  </span></div></td><td class=\"c x579 y137e w198 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">6.965  </span></div></td></tr><tr><td class=\"c x23a y137f w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cr\u00e9ditos por subarriendos de maquinaria </div></td><td class=\"c x576 y137f w197 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x577 y137f w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">8<span class=\"lsc\">.6<span class=\"lsd\">89</span></span>  </span></div></td><td class=\"c x578 y137f w199 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x579 y137f w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">6.606  </span></div></td></tr><tr><td class=\"c x23a y1380 w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo para cobertura de deuda financiera </div></td><td class=\"c x576 y1380 w197 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x577 y1380 w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">11.451  </span></div></td><td class=\"c x578 y1380 w199 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x579 y1380 w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">10.000  </span></div></td></tr><tr><td class=\"c x23a y1381 w5b h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dep\u00f3sitos, fianzas y otras cuentas por cobrar </div></td><td class=\"c x576 y1381 w197 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">1.813  </span></div></td><td class=\"c x577 y1381 w198 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">2.811  </span></div></td><td class=\"c x578 y1381 w199 h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">11.769  </span></div></td><td class=\"c x579 y1381 w198 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.001  </span></div></td></tr><tr><td></td><td class=\"c x576 y1382 w197 h57\"><div class=\"t_1 m0_1 x50 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"lsd\">15.932<span class=\"ls0_1\">  </span></span></div></td><td class=\"c x577 y1382 w198 h57\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">24.40<span class=\"ls0_1\">4</span><span class=\"ls0_1\">  </span></span></div></td><td class=\"c x578 y1382 w199 h57\"><div class=\"t_1 m0_1 x50 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"lsd\">26.526 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x579 y1382 w198 h57\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">50.409</span><span class=\"lsd\"> <span class=\"ls0_1\"> </span></span></div></td></tr></table>La cuenta \u201cEfectivo p<span class=\"_ _3\"></span>ara cobertu<span class=\"_ _3\"></span>ras de deuda finan<span class=\"_ _3\"></span>ciera\u201d incluy<span class=\"_ _3\"></span>e tesorer\u00eda destinada a <span class=\"_ _3\"></span>cubrir la ob<span class=\"_ _3\"></span>ligaci\u00f3n, establecida <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la finan<span class=\"_ _3\"></span>ciaci\u00f3n del <span class=\"_ _f\"></span>Negocio E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _3\"></span>Renovable, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>man<span class=\"_ _3\"></span>tener <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>m\u00ednimo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponible de <span class=\"ff6\">10 mill<span class=\"_ _2\"></span>ones \u20ac<span class=\"ff3\">. As\u00edmismo, incluye tesorer\u00eda destinada a cubrir la obligaci\u00f3n, establecida e<span class=\"_ _2\"></span>n la financiaci\u00f3n </span></span>de la <span class=\"_ _2\"></span>planta de <span class=\"_ _2\"></span>biometano adquirida en <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de 2024 (V\u00e9ase <span class=\"_ _2\"></span>nota 6), de m<span class=\"_ _2\"></span>antener un efectivo <span class=\"_ _2\"></span>m\u00ednimo disponible de 1,5 millon<span class=\"_ _3\"></span>es \u20ac.<span class=\"ff3\"> </span>Con <span class=\"_ _2\"></span>fecha <span class=\"_ _d\"></span>20 <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2020, <span class=\"_ _d\"></span>Ence <span class=\"_ _2\"></span>Energ\u00eda <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>Celulos<span class=\"_ _3\"></span>a, <span class=\"_ _d\"></span>S.A. <span class=\"_ _2\"></span>complet\u00f3 <span class=\"_ _d\"></span>la venta <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>entidad Woodpecker<span class=\"_ _2\"></span> Acquisitions <span class=\"_ _3\"></span>S.a.r.l, <span class=\"_ _3\"></span>controlada por <span class=\"_ _3\"></span>Ancala <span class=\"_ _3\"></span>Partners LL<span class=\"_ _3\"></span>P, de <span class=\"_ _3\"></span>una p<span class=\"_ _3\"></span>articipaci\u00f3n minorita<span class=\"_ _3\"></span>ria del <span class=\"_ _3\"></span>49% de <span class=\"_ _3\"></span>la filial<span class=\"_ _3\"></span> Magnon <span class=\"_ _10\"></span>Green <span class=\"_ _0\"></span>En<span class=\"_ _3\"></span>ergy, <span class=\"_ _10\"></span>S.L., <span class=\"_ _0\"></span>ho<span class=\"_ _3\"></span>lding <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Negocio <span class=\"_ _10\"></span>Energ\u00eda <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>E<span class=\"_ _3\"></span>NCE. <span class=\"_ _10\"></span>Una <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>arte <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>precio <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>venta <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la participaci\u00f3n por importe <span class=\"_ _2\"></span>de 134 mill<span class=\"_ _2\"></span>ones \u20ac es <span class=\"_ _2\"></span>variable en <span class=\"_ _2\"></span>funci\u00f3n del \u00e9xito <span class=\"_ _2\"></span>en el <span class=\"_ _2\"></span>desarrollo de la <span class=\"_ _2\"></span>cartera de proyectos <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _f\"></span>renovable <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>biomasa, <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>pr\u00f3ximos <span class=\"_ _f\"></span>8 <span class=\"_ _3\"></span>a\u00f1os. <span class=\"_ _f\"></span>En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>este <span class=\"_ _f\"></span>sentid<span class=\"ls26\">o <span class=\"_ _3\"></span></span>ENCE <span class=\"_ _f\"></span><span class=\"ls15\">ha</span> <span class=\"_ _3\"></span>registrado una disminuci\u00f3n del v<span class=\"_ _3\"></span>alor del activo en 6.700 miles de euros al considerar poco probable la consecuci\u00f3n de uno de los objetivos vinculado a los plazos de construcci\u00f3n d<span class=\"_ _3\"></span>e las plantas. La contrapartida se ha registrado en <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>ep\u00edgrafe <span class=\"_ _16\"> </span>\u201cVariaci\u00f3n <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>valo<span class=\"_ _3\"></span>r <span class=\"_ _16\"> </span>razonable <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>instrumentos <span class=\"_ _16\"> </span>financieros\u201d <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>Estado <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>Resultado consolidado del ejercicio <span class=\"_ _2\"></span>2025<span class=\"_ _3\"></span>. ENCE <span class=\"_ _2\"></span>mantiene un <span class=\"_ _2\"></span>importe a cobrar <span class=\"_ _2\"></span>de 13.462 <span class=\"ff6\">miles \u20ac <span class=\"_ _d\"></span>al 31 de diciembre de </span>202<span class=\"ls0_1\">5 <span class=\"_ _f\"></span>(18.595 <span class=\"_ _f\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202</span>4), <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alor <span class=\"_ _f\"></span>presente, <span class=\"_ _f\"></span>actualizado </span>considerando <span class=\"_ _3\"></span>como tasa <span class=\"_ _3\"></span>de descuento <span class=\"_ _3\"></span>un coste <span class=\"_ _3\"></span>de capital del n<span class=\"_ _3\"></span>egocio del <span class=\"_ _f\"></span>8,4%, que se p<span class=\"_ _3\"></span>rev\u00e9 recuperar d<span class=\"_ _3\"></span>e dicho precio contin<span class=\"_ _3\"></span>gente a lo largo del p<span class=\"_ _3\"></span>eriodo 2021<span class=\"_ _3\"></span>-2028<span class=\"ls13\">. </span> Asimismo<span class=\"ff6\">, la <span class=\"_ _3\"></span>cuenta<span class=\"_ _3\"></span> \u201cContrap<span class=\"_ _3\"></span>restaci\u00f3n con<span class=\"_ _3\"></span>tingente\u201d inc<span class=\"_ _3\"></span>luye un<span class=\"_ _3\"></span> importe <span class=\"_ _3\"></span>a cob<span class=\"_ _3\"></span>rar d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span></span><span class=\"ls10\">1.<span class=\"_ _3\"></span></span>453 <span class=\"_ _3\"></span><span class=\"ff6\">miles \u20ac <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 d<span class=\"_ _3\"></span>e </span>diciembre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>2025 <span class=\"_ _3\"></span>(1.3<span class=\"_ _3\"></span>41 <span class=\"_ _f\"></span><span class=\"ff6\">miles <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>ciembre <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span></span>4) <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>corresponde <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>actual <span class=\"_ _f\"></span>del<span class=\"_ _65\"> </span>precio <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tingente <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>urgi\u00f3 <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>la venta <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>2020 <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>parti<span class=\"_ _3\"></span>cipaci\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Grupo <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>Ence <span class=\"_ _2\"></span>Energ\u00eda Termollano, S.A., sociedad titu<span class=\"_ _3\"></span>lar de una instalaci\u00f3n d<span class=\"_ _3\"></span>e generaci\u00f3n de energ\u00eda termoso<span class=\"_ _3\"></span>lar.<span class=\"_ _3\"></span> La <span class=\"_ _16\"> </span>variaci\u00f3n <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>valor <span class=\"_ _16\"> </span>razonable <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>contraprestaci\u00f3n <span class=\"_ _16\"> </span>contin<span class=\"_ _3\"></span>gente, <span class=\"_ _16\"> </span>principal <span class=\"_ _16\"> </span>instrumento <span class=\"_ _16\"> </span>financiero<span class=\"_ _3\"></span> clasificado <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Niv<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>3 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>jerarqu\u00eda <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>razonable, <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>upuesto <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>registro <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ingresos <span class=\"_ _f\"></span>financieros asociados <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _f\"></span>actualizaci\u00f3n <span class=\"_ _f\"></span>fin<span class=\"_ _3\"></span>anciera <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>aldo <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>cobrar <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>202<span class=\"ls10\">4 <span class=\"_ _f\"></span></span>po<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>importe <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span><span class=\"ls10\">1.67</span>9 <span class=\"_ _0\"></span><span class=\"ff6\">miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _f\"></span>y </span>1.556<span class=\"ls0_1\"> <span class=\"ff6\">miles \u20ac, respectivam<span class=\"_ _3\"></span>ente (v\u00e9ase Nota 13). <span class=\"_ _3\"></span><span class=\"ff4\"> </span></span></span>Formando <span class=\"_ _3\"></span>parte de <span class=\"_ _3\"></span>la cuenta \u201cDep\u00f3sitos<span class=\"_ _3\"></span>, fianzas <span class=\"_ _3\"></span>y otras <span class=\"_ _3\"></span>cuentas a cobrar\u201d<span class=\"_ _3\"></span> se inclu<span class=\"_ _f\"></span><span class=\"ff3\">\u00edan, en el <span class=\"_ _3\"></span>ejercicio 2024, </span>inversiones a corto plazo en activos de bajo rie<span class=\"_ _2\"></span>sgo por importe de <span class=\"_ _2\"></span>10 millones \u20ac que se <span class=\"_ _2\"></span>han liquidado<span class=\"_ _3\"></span> en los<span class=\"_ _2\"></span> primeros d\u00edas de 2025.<span class=\"_ _3\"></span><span class=\"ff4\"> </span>28.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Deuda financiera </span></span>La composici\u00f3n d<span class=\"_ _3\"></span>e la deuda financiera al <span class=\"_ _3\"></span>cierre de los<span class=\"_ _3\"></span> ejercicios 2025 <span class=\"ls17\">y <span class=\"ls10\">202</span></span>4 es la s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _3\"></span> <table class=\"s w3e7 h1d4\" id=\"_d46f172a-7a47-4a67-9c5c-f009d87eeb2e\"><tr><td></td><td></td><td class=\"c x57b y1383 w19b haa\"><div class=\"t_1 m0_1 x1f h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo no corriente </div></td><td></td><td class=\"c x57c y1383 w19c haa\"><div class=\"t_1 m0_1 x30 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo corriente </div></td></tr><tr><td class=\"c x57d y1384 w19a haa\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x57b y1384 w2a haa\"><div class=\"t_1 m0_1 x2a h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x57e y1384 w198 haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x57c y1384 w198 haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x57f y1384 w19d haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x57d y1385 w19a h72\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones y otros valores negociables </div><div class=\"t_1 m0_1 x10 h20 ya15 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></td><td class=\"c x57b y1385 w2a h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 31.343  </div></td><td class=\"c x57e y1385 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">15.574  </span></div></td><td class=\"c x57c y1385 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">45.183  </span></div></td><td class=\"c x57f y1385 w19d h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">57.987  </span></div></td></tr><tr><td class=\"c x57d y1386 w19a ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas con entidades de cr\u00e9dito </div></td><td class=\"c x57b y1386 w2a ha2\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 373.953  </div></td><td class=\"c x57e y1386 w198 ha2\"><div class=\"t_1 m0_1 xf h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">353.390  </span></div></td><td class=\"c x57c y1386 w198 ha2\"><div class=\"t_1 m0_1 x31 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">77.212  </span></div></td><td class=\"c x57f y1386 w19d ha2\"><div class=\"t_1 m0_1 x31 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">88.743  </span></div></td></tr><tr><td class=\"c x57d y1387 w19a h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros </div></td><td class=\"c x57b y1387 w2a h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 75.272  </div></td><td class=\"c x57e y1387 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">77.477  </span></div></td><td class=\"c x57c y1387 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">16.508  </span></div></td><td class=\"c x57f y1387 w19d h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">15.478  </span></div></td></tr><tr><td class=\"c x57d y1388 w19a hcf\"><div class=\"t_1 m0_1 x39 h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x57b y1388 w2a hcf\"><div class=\"t_1 m0_1 x1f h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">480.568 </span> </div></td><td class=\"c x57e y1388 w198 hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">446.441 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x57c y1388 w198 hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">138.903 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x57f y1388 w19d hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">162.208 <span class=\"ls0_1\"> </span></span></div></td></tr></table>28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Deudas con entidades de cr\u00e9d<span class=\"_ _2\"></span>ito y mercado de<span class=\"_ _2\"></span> capitales </span></span>La <span class=\"_ _2\"></span>composici\u00f3n de <span class=\"_ _d\"></span>las deudas <span class=\"_ _d\"></span>con entidades <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _2\"></span>y 2024<span class=\"_ _2\"></span>, correspondientes a pr\u00e9stamos y<span class=\"_ _3\"></span> l\u00edneas de descuento, clasificadas<span class=\"_ _3\"></span> de acuerdo con s<span class=\"_ _3\"></span>us vencimientos, es la s<span class=\"_ _3\"></span>iguiente<span class=\"_ _3\"></span>:<table class=\"s w3e8 h1d5\" id=\"_9f2d162d-0a0d-4906-9e94-7cfd6630207d\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x580 y1389 w1a2 haa\"><div class=\"t_1 m0_1 x4_1 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td></tr><tr><td class=\"c x227 y138a w19f hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x580 y138a w51 hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td></td><td class=\"c x516 y138a w1a4 hef\"><div class=\"t_1 m0_1 xd8 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td></tr><tr><td class=\"c x227 y138b w19f h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x581 y138b w1a0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite </div></td><td class=\"c x582 y138c w3b1 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x580 y138b w51 h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y138b w1a5 h86\"><div class=\"t_1 m0_1 x2a h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y138b wee h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y138b wf3 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y138b w1a6 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td></td><td></td><td class=\"c x586 y138d w3e9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y138f w3ea h1d6\"><div class=\"t_1 m0_1 x1c9 h20 y138e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y1390 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td><td class=\"c x587 y1390 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td><td class=\"c x580 y1390 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">45.183 </div></td><td class=\"c x516 y1390 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.343 </div></td><td class=\"c x583 y1390 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1390 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1390 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1391 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving </div></td><td class=\"c x581 y1391 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">130.000 </div></td><td class=\"c x587 y1391 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y1391 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y1391 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1391 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1391 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1391 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1392 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y1392 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">285.846 </div></td><td class=\"c x587 y1392 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">285.846 </div></td><td class=\"c x580 y1392 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">64.769 </div></td><td class=\"c x516 y1392 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58.244 </div></td><td class=\"c x583 y1392 wee h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">81.137 </div></td><td class=\"c x584 y1392 wf3 h24\"><div class=\"t_1 m0_1 xf h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.414 </div></td><td class=\"c x585 y1392 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">50.282 </div></td></tr><tr><td class=\"c x227 y1393 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y1393 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y1393 w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.261) </div></td><td class=\"c x580 y1393 w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(327) </div></td><td class=\"c x516 y1393 w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(327) </div></td><td class=\"c x583 y1393 wee h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(258) </div></td><td class=\"c x584 y1393 wf3 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(220) </div></td><td class=\"c x585 y1393 w1a6 h24\"><div class=\"t_1 m0_1 x3a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">129</span>) </div></td></tr><tr><td class=\"c x227 y1394 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y1394 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y1394 w1a1 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td><td class=\"c x580 y1394 w51 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td><td class=\"c x516 y1394 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1394 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1394 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1394 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y1395 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">492.372<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y1395 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">362.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y1395 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">111.128<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y1395 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.260<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y1395 wee h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">80.879<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y1395 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.194<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y1395 w1a6 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">50.153<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y1396 w3eb h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y1397 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.000 </div></td><td class=\"c x587 y1397 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y1397 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y1397 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1397 wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1397 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1397 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1398 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y1398 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.586 </div></td><td class=\"c x587 y1398 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.586 </div></td><td class=\"c x580 y1398 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x516 y1398 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></td><td class=\"c x583 y1398 wee h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.608 </div></td><td class=\"c x584 y1398 wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.928 </div></td><td class=\"c x585 y1398 w1a6 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">111.794 </div></td></tr><tr><td class=\"c x227 y1399 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Project Finance-Planta Biometano </div></td><td class=\"c x581 y1399 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.259 </div></td><td class=\"c x587 y1399 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.259 </div></td><td class=\"c x580 y1399 w51 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y1399 w1a5 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">477<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y1399 wee h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.007 </div></td><td class=\"c x584 y1399 wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.015 </div></td><td class=\"c x585 y1399 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.719 </div></td></tr><tr><td class=\"c x227 y139a w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y139a w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y139a w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.791) </div></td><td class=\"c x580 y139a w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(766) </div></td><td class=\"c x516 y139a w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x583 y139a wee h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x584 y139a wf3 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x585 y139a w1a6 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.514) </div></td></tr><tr><td class=\"c x227 y139b w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y139b w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y139b w1a1 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139b w51 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139b w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y139b wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y139b wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y139b w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y139c w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">189.845<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y139c w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">165.076<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139c w51 h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.265<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139c w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.928<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y139c wee h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.778<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y139c wf3 h24\"><div class=\"t_1 m0_1 xf h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.106<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y139c w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">121.999<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x581 y139d w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">682.217<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y139d w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">527.690<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139d w51 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">122.393<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139d w1a5 h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">100.188<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y139d wee h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">91.657<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y139d wf3 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">41.300<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y139d w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">172.152<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x580 y139e w1a2 haa\" colspan=\"2\"><div class=\"t_1 m0_1 x4_1 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td></tr><tr><td class=\"c x227 y139f w19f hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x580 y139f w51 hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td class=\"c x516 y139f w1a4 hef\" colspan=\"2\"><div class=\"t_1 m0_1 xd8 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td></tr><tr><td class=\"c x227 y13a0 w19f h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x581 y13a0 w1a0 h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite </div></td><td class=\"c x582 y13a1 w3b1 h1d7\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x580 y13a0 w51 h87\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13a0 w1a5 h87\"><div class=\"t_1 m0_1 x2a h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13a0 wee h87\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2027<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13a0 wf3 h87\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13a0 w1a6 h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td></td><td></td><td class=\"c x586 y13a2 w3e9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13a3 w3ea h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y13a4 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x587 y13a4 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x580 y13a4 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57.987 </div></td><td class=\"c x516 y13a4 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.574 </div></td><td class=\"c x583 y13a4 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a4 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a4 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13a5 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving </div></td><td class=\"c x581 y13a5 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">130.000 </div></td><td class=\"c x587 y13a5 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y13a5 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y13a5 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13a5 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a5 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a5 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13a6 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y13a6 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></td><td class=\"c x587 y13a6 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></td><td class=\"c x580 y13a6 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">75.598 </div></td><td class=\"c x516 y13a6 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78.957 </div></td><td class=\"c x583 y13a6 wee h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">67.306 </div></td><td class=\"c x584 y13a6 wf3 h24\"><div class=\"t_1 m0_1 xf h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.576 </div></td><td class=\"c x585 y13a6 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.746 </div></td></tr><tr><td class=\"c x227 y13a7 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y13a7 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13a7 w1a1 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(616) </div></td><td class=\"c x580 y13a7 w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(261) </div></td><td class=\"c x516 y13a7 w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(184) </div></td><td class=\"c x583 y13a7 wee h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(106) </div></td><td class=\"c x584 y13a7 wf3 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(44) </div></td><td class=\"c x585 y13a7 w1a6 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21) </div></td></tr><tr><td class=\"c x227 y13a8 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y13a8 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13a8 w1a1 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x580 y13a8 w51 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x516 y13a8 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13a8 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a8 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a8 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y13a9 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">481.743<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13a9 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">353.276<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13a9 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">135.473<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13a9 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.347<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13a9 wee h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">67.200<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13a9 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">40.532<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13a9 w1a6 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.725<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y13ab w3eb h1d8\"><div class=\"t_1 m0_1 x1c9 h20 y13aa ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y13ac w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.000 </div></td><td class=\"c x587 y13ac w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y13ac w51 h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y13ac w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13ac wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13ac wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13ac w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13ad w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y13ad w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.647 </div></td><td class=\"c x587 y13ad w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.552 </div></td><td class=\"c x580 y13ad w51 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x516 y13ad w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x583 y13ad wee h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></td><td class=\"c x584 y13ad wf3 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.572 </div></td><td class=\"c x585 y13ad w1a6 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">116.756 </div></td></tr><tr><td class=\"c x227 y13ae w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y13ae w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13ae w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.228) </div></td><td class=\"c x580 y13ae w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(804) </div></td><td class=\"c x516 y13ae w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x583 y13ae wee h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x584 y13ae wf3 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x585 y13ae w1a6 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.051) </div></td></tr><tr><td class=\"c x227 y13af w19f h5c\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y13af w1a0 h5c\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13af w1a1 h5c\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13af w51 h5c\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13af w1a5 h5c\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13af wee h5c\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13af wf3 h5c\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13af w1a6 h5c\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y13b0 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">187.552<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13b0 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.419<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13b0 w51 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.259<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13b0 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.177<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13b0 wee h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.497<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13b0 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.781<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13b0 w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">114.705<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x581 y13b1 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">669.295<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13b1 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">515.695<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13b1 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">146.732<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13b1 w1a5 h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">105.524<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13b1 wee h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">77.697<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13b1 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.313<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13b1 w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">130.430<span class=\"ls0_1\"> </span></div></td></tr></table>Cada uno de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> negocios del <span class=\"_ _2\"></span>Grupo se <span class=\"_ _2\"></span>financia de <span class=\"_ _2\"></span>forma independiente del <span class=\"_ _2\"></span>otro. No <span class=\"_ _2\"></span>hay recurso o <span class=\"_ _2\"></span>garant\u00edas significativas entre a<span class=\"_ _3\"></span>mbos.<span class=\"_ _65\"> </span>Los <span class=\"_ _f\"></span>pagos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>intereses <span class=\"_ _f\"></span>previstos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>futuro<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>asociados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>\u201cDeudas <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>mercado <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> capitales\u201d <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"> </span>\u2013<span class=\"ff3\"> <span class=\"_ _10\"></span></span>financiaci\u00f3n <span class=\"_ _10\"></span>organismos <span class=\"_ _10\"></span>p\u00fablicos\u201d, <span class=\"_ _10\"></span>considerando <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>niveles <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e endeudamiento <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>tipos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _f\"></span>de mercad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>actuales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sin <span class=\"_ _f\"></span>considerar <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>erturas d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ter\u00e9s contratadas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>situar\u00e1n <span class=\"_ _f\"></span>en el <span class=\"_ _3\"></span>ento<span class=\"_ _3\"></span>rno <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0-15 <span class=\"_ _3\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>en E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>Celulosa <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>en el <span class=\"_ _f\"></span>entorno <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span></span>8-9 millones \u20ac en ENCE Renov<span class=\"_ _3\"></span>ables.<span class=\"ff3\"> </span>El <span class=\"_ _2\"></span>coste <span class=\"_ _2\"></span>medio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>ENCE en <span class=\"_ _2\"></span>2025 <span class=\"_ _d\"></span>y 2024 <span class=\"_ _d\"></span>ha <span class=\"_ _2\"></span>sido <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>4,32% y <span class=\"_ _d\"></span>4,7%, respectivamente<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>Por <span class=\"_ _2\"></span>negocios, ENCE <span class=\"_ _f\"></span>Celulosa <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>tenido <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>coste <span class=\"_ _f\"></span>medio <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>dichos <span class=\"_ _f\"></span>periodos <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>3,87% <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4,50%, <span class=\"_ _f\"></span>respectiv<span class=\"_ _3\"></span>amente, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>ENCE Renovables d<span class=\"_ _3\"></span>el 5,38% y 5,<span class=\"ls10\">25</span>%,<span class=\"_ _3\"></span> respectivamente Al <span class=\"_ _f\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>empresas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegram<span class=\"_ _3\"></span>ente <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>obligacion<span class=\"_ _3\"></span>es financieras <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cualquier <span class=\"_ _3\"></span>otro <span class=\"_ _3\"></span>tipo, <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>pudieran <span class=\"_ _3\"></span>dar <span class=\"_ _3\"></span>lugar <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>vencimiento <span class=\"_ _3\"></span>anticipado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>compromisos financieros.  La <span class=\"_ _19\"> </span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>ENCE <span class=\"_ _15\"> </span>no <span class=\"_ _19\"> </span>es<span class=\"_ _3\"></span>t\u00e1 <span class=\"_ _19\"> </span>su<span class=\"_ _3\"></span>jeta <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>n<span class=\"_ _3\"></span>ing\u00fan <span class=\"_ _19\"> </span>tipo <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>cl\u00e1us<span class=\"_ _3\"></span>ula <span class=\"_ _19\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _19\"> </span>implique <span class=\"_ _15\"> </span>su <span class=\"_ _19\"> </span>modificaci\u00f3n <span class=\"_ _15\"> </span>o renegociaci\u00f3n como cons<span class=\"_ _3\"></span>ecuencia de una <span class=\"_ _3\"></span>variaci\u00f3n en la calificaci\u00f3n crediticia<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _3\"></span></span> Endeuda<span class=\"_ _2\"></span>miento Negocio Celulosa<span class=\"_ _2\"></span> Obligaciones El <span class=\"_ _0\"></span>9 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>octub<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>2023 <span class=\"_ _f\"></span>ENCE <span class=\"_ _0\"></span>incorp<span class=\"_ _3\"></span>or\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>agar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado<span class=\"_ _3\"></span> Alternativo de <span class=\"_ _2\"></span>Renta Fija <span class=\"_ _2\"></span>(MARF) con <span class=\"_ _2\"></span>un l\u00edmite <span class=\"_ _d\"></span>m\u00e1xi<span class=\"_ _3\"></span>mo de <span class=\"_ _d\"></span>2<span class=\"_ _3\"></span>00 mill<span class=\"_ _2\"></span>ones \u20ac <span class=\"_ _2\"></span>y vencimientos de <span class=\"_ _2\"></span>hasta 24 <span class=\"_ _2\"></span>meses<span class=\"_ _3\"></span><span class=\"ff3 ls1f\">. </span>El <span class=\"_ _f\"></span>programa <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>renueva <span class=\"_ _f\"></span>anualmente, <span class=\"_ _f\"></span>siendo <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>\u00fa<span class=\"_ _3\"></span>ltima <span class=\"_ _f\"></span>renovaci\u00f3n <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>13 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>octubre <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>mismas condiciones. E<span class=\"_ _3\"></span>l coste medio en p<span class=\"_ _3\"></span>ara el a\u00f1o 2025 fue del 3,33% (4,53<span class=\"_ _3\"></span>% para en el a\u00f1o 202<span class=\"_ _3\"></span>4).<span class=\"_ _3\"></span>  L\u00ednea de cr\u00e9d<span class=\"_ _3\"></span>ito revolving ENCE <span class=\"_ _3\"></span>mantiene <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>sind<span class=\"_ _3\"></span>icato <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ban<span class=\"_ _3\"></span>cos <span class=\"_ _3\"></span>nacion<span class=\"_ _3\"></span>ales <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>internacionales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trato <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _f\"></span>(revolving credit <span class=\"_ _3\"></span>facility) <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>130 <span class=\"_ _3\"></span>millones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>euros <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>vencimiento <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2030. <span class=\"_ _3\"></span>Esta <span class=\"_ _3\"></span>l\u00ednea <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>deveng<span class=\"_ _3\"></span>a un tipo<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>referenciado al <span class=\"_ _d\"></span>Euribo<span class=\"_ _3\"></span>r. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>l ti<span class=\"_ _2\"></span>po <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>establecido <span class=\"_ _2\"></span>podr\u00e1 verse <span class=\"_ _d\"></span>modificado anualmente en <span class=\"_ _d\"></span>25 puntos <span class=\"_ _d\"></span>b\u00e1sicos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>funci\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>rating <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>sostenib<span class=\"_ _3\"></span>ilidad <span class=\"_ _d\"></span>medioambiental <span class=\"_ _2\"></span>Ethifinance <span class=\"_ _2\"></span>obtenido <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>ENCE, que <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _f\"></span>dicha <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>com<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>\u201cfinanciaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>verde\u201d. <span class=\"_ _3\"></span>Es<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>en s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>totali<span class=\"_ _f\"></span><span class=\"ff3\">dad <span class=\"_ _3\"></span>disp<span class=\"_ _3\"></span>onible <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 </span>de diciembre de 2025.<span class=\"_ _3\"></span> Pr\u00e9stamos ENCE <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>suscritos<span class=\"_ _3\"></span> pr\u00e9stamos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>conjunto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>285 <span class=\"_ _3\"></span>millones \u20ac <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>vencim<span class=\"_ _3\"></span>ientos <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>2026 y 2033. <span class=\"_ _3\"></span>Una parte <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> pr\u00e9stamos <span class=\"_ _3\"></span>con un <span class=\"_ _3\"></span>nominal d<span class=\"_ _3\"></span>e 41,8 millones \u20ac <span class=\"_ _3\"></span>devenga <span class=\"_ _3\"></span>un tipo<span class=\"_ _3\"></span> de inter\u00e9s <span class=\"_ _3\"></span>fijo en <span class=\"_ _3\"></span>el rango <span class=\"_ _3\"></span>1,95%<span class=\"_ _3\"></span>-4,6%. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>mporte <span class=\"_ _3\"></span>resta<span class=\"_ _3\"></span>nte <span class=\"_ _3\"></span>devenga <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nter<span class=\"_ _3\"></span>eses, <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>referenciados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>Euribor <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>un diferencial <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el rango <span class=\"_ _d\"></span>1,10<span class=\"_ _3\"></span>%-2,05%. El <span class=\"_ _d\"></span>tipo de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>establecido en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>90% <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tos suscritos <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>odr\u00e1 verse modificado a<span class=\"_ _3\"></span>nualmente en 25<span class=\"_ _3\"></span> puntos b<span class=\"_ _3\"></span>\u00e1sicos en funci\u00f3n<span class=\"_ _3\"></span> del rating de s<span class=\"_ _3\"></span>ostenibilidad<span class=\"_ _f\"></span> medioambiental de EthiFinance ob<span class=\"_ _3\"></span>tenido por ENCE.<span class=\"_ _3\"></span> Al objeto de cubrir e<span class=\"_ _2\"></span>l riesgo derivado de <span class=\"_ _2\"></span>la contrataci\u00f3n de e<span class=\"_ _2\"></span>sta financiaci\u00f3n a tipo de int<span class=\"_ _2\"></span>er\u00e9s variable, ENCE ha suscrito swaps de tipo de <span class=\"_ _2\"></span>inter\u00e9s que cubren el <span class=\"ls10\">52</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _2\"></span>variable, a un tipo fijo medio de 3,24% (v\u00e9ase N<span class=\"_ _3\"></span>ota 30).<span class=\"_ _65\"> </span>Financiaci\u00f3n Ne<span class=\"_ _2\"></span>gocio Energ\u00eda Ren<span class=\"_ _2\"></span>ovable Financiaci\u00f3n corpo<span class=\"_ _3\"></span>rativa Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _10\"> </span>11  de <span class=\"_ _10\"> </span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>20<span class=\"_ _3\"></span>24, <span class=\"_ _13\"> </span>Magnon <span class=\"_ _13\"> </span>Green <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>nergy, <span class=\"_ _13\"> </span>S.L. <span class=\"_ _13\"> </span>(e<span class=\"_ _2\"></span>n <span class=\"_ _13\"> </span>adelante <span class=\"_ _13\"> </span>\u201cMAGNON\u201d),  <span class=\"ff3\">aco<span class=\"_ _3\"></span>rd\u00f3 <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>un </span>sindicato formado <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _2\"></span>14 <span class=\"_ _2\"></span>entidades <span class=\"_ _2\"></span>un contrato <span class=\"_ _d\"></span>de pr\u00e9stamo <span class=\"_ _d\"></span>por un <span class=\"_ _2\"></span>importe<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>inicialmente <span class=\"_ _2\"></span>disponible<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>170 millones <span class=\"_ _d\"></span>\u20ac y <span class=\"_ _d\"></span>una <span class=\"_ _2\"></span>l\u00ednea <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>(RCF) <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>i<span class=\"_ _3\"></span>mporte <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>20 millones <span class=\"_ _d\"></span>\u20ac<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _2\"></span>Su <span class=\"_ _2\"></span>detalle <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31/12/2025 <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>iguiente: </span><table class=\"s w3ec h1d9\" id=\"_dfc3dd47-47ce-4b6b-9e01-c0ee874266be\"><tr><td></td><td></td><td class=\"c x589 y13b2 w31 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td class=\"c x58a y13b2 w1a9 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo de  </div></td></tr><tr><td></td><td class=\"c x589 y13b3 w1aa h96\"><div class=\"t_1 m0_1 xe h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disponible </div></td><td class=\"c x58b y13b3 w1ab h96\"><div class=\"t_1 m0_1 xe h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto </div></td><td class=\"c x58c y13b3 w1a8 h96\"><div class=\"t_1 m0_1 x2a h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x58a y13b3 w1a9 h96\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inter\u00e9s </div></td></tr><tr><td class=\"c x58d y13b4 w1a7 h5c\"><div class=\"t_1 m0_1 x10 h20 y73a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 1\u00ba </div></td><td class=\"c x589 y13b4 w1aa h5c\"><div class=\"t_1 m0_1 x3d h20 y73a ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">53.586  </span></div></td><td class=\"c x58b y13b4 w1ab h5c\"><div class=\"t_1 m0_1 x10 h20 y73a ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">53.586  </span></div></td><td class=\"c x58c y13b4 w1a8 h5c\"><div class=\"t_1 m0_1 xc h20 y73a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"lsd\">2031</span> </div></td><td class=\"c x58a y13b4 w1a9 h5c\"><div class=\"t_1 m0_1 x2a h20 y83 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2,00%-2,75% (i) </div></td></tr><tr><td class=\"c x58d y13b5 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 2\u00ba </div></td><td class=\"c x589 y13b5 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></td><td class=\"c x58b y13b5 w1ab h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></td><td class=\"c x58c y13b5 w1a8 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></td><td class=\"c x58a y13b5 w1a9 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3% (i) </div></td></tr><tr><td class=\"c x58d y13b6 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 3\u00ba </div></td><td class=\"c x589 y13b6 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></td><td class=\"c x58b y13b6 w1ab h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></td><td class=\"c x58c y13b6 w1a8 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></td><td class=\"c x58a y13b6 w1a9 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,82% </div></td></tr><tr><td class=\"c x58d y13b7 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 4\u00ba </div></td><td class=\"c x589 y13b7 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">20.000  </span></div></td><td class=\"c x58b y13b7 w1ab h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x58c y13b7 w1a8 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"lsd\">2031</span> </div></td><td class=\"c x58a y13b7 w1a9 h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,25%-2,00% (i) </div></td></tr><tr><td></td><td class=\"c x589 y1095 w1aa h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"lsd\">175.586<span class=\"ls0_1\">  </span></span></div></td><td class=\"c x58b y1095 w1ab h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"lsd\">155.586<span class=\"ls0_1\">  </span></span></div></td><td></td><td></td></tr></table>(i)<span class=\"ff4 ls0_1\"> <span class=\"_ _46\"> </span><span class=\"ff3 fs4\">Euribor <span class=\"_ _2\"></span>6 meses <span class=\"_ _2\"></span>m\u00e1s d<span class=\"_ _2\"></span>iferencial descrito. <span class=\"_ _2\"></span>En <span class=\"_ _2\"></span>los tramos <span class=\"_ _2\"></span>bancarios, el <span class=\"_ _d\"></span>ti<span class=\"_ _3\"></span>po <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>variable en <span class=\"_ _2\"></span>funci\u00f3n del <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>atio </span></span>de endeudamiento de las entidades que conforman el per\u00edmetro de la fin<span class=\"_ _2\"></span>anciaci\u00f3n.<span class=\"_ _3\"></span> (ii)<span class=\"ff4 ls0_1\"> <span class=\"_ _47\"> </span><span class=\"ff3 fs4\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _2\"></span>a.<span class=\"_ _3\"></span> </span></span>Esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>incluye <span class=\"_ _f\"></span>como <span class=\"_ _3\"></span>prin<span class=\"_ _3\"></span>cipales <span class=\"_ _f\"></span>garant\u00edas <span class=\"_ _f\"></span>prenda <span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>bre <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>acciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>sociedades <span class=\"_ _f\"></span>Celulosa<span class=\"_ _3\"></span> Energ\u00eda <span class=\"_ _2\"></span>S.A.U., <span class=\"_ _d\"></span>Enc<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _d\"></span>P<span class=\"_ _3\"></span>uertollano, <span class=\"_ _2\"></span>S.L.U., <span class=\"_ _2\"></span>ENCE <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>Huelva, <span class=\"_ _2\"></span>S.L.U., <span class=\"_ _d\"></span>En<span class=\"_ _3\"></span>ce <span class=\"_ _d\"></span>Energ\u00eda Huelva <span class=\"_ _d\"></span>Dos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>S.L.U.,<span class=\"_ _3\"></span> ENCE E<span class=\"_ _3\"></span>nerg\u00eda Extremadura<span class=\"_ _3\"></span>, S.L.U. <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Magno<span class=\"_ _3\"></span>n Bio<span class=\"_ _3\"></span>masa, S.L., <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos y <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>de cobro, <span class=\"_ _3\"></span>actuales y futuros. Asimismo, <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obligaciones, <span class=\"_ _f\"></span>habituales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>tip<span class=\"_ _3\"></span>o d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>financiaci\u00f3n; <span class=\"_ _3\"></span>el suministro <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>determinad<span class=\"_ _3\"></span>a <span class=\"_ _1a\"> </span>informaci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>car\u00e1cter <span class=\"_ _1a\"> </span>operativo <span class=\"_ _1a\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>financiera <span class=\"_ _18\"> </span><span class=\"ls3b\">y <span class=\"_ _1a\"> </span></span>el <span class=\"_ _17\"> </span>cumplimiento<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>de determinadosratios<span class=\"_ _3\"></span> <span class=\"_ _23\"> </span>econ\u00f3micos <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>s<span class=\"_ _3\"></span>olvencia <span class=\"_ _23\"> </span>y <span class=\"_ _1b\"> </span>rentabilidad. <span class=\"_ _23\"> </span>El<span class=\"_ _2\"></span> <span class=\"_ _23\"> </span>acuerdo <span class=\"_ _1b\"> </span>contempla <span class=\"_ _23\"> </span>asimismo <span class=\"_ _23\"> </span>el<span class=\"_ _65\"> </span>cumplimiento de determin<span class=\"_ _3\"></span>ados ratios ligad<span class=\"_ _3\"></span>os al endeudamiento, la situaci\u00f3<span class=\"_ _3\"></span>n patrimonial y la capacid<span class=\"_ _3\"></span>ad de generaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>caj<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>negocio, <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>poder <span class=\"_ _3\"></span>llevar <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cabo <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>repar<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>dividen<span class=\"_ _f\"></span>dos. <span class=\"_ _3\"></span>Al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de 2025 se cumplen d<span class=\"_ _3\"></span>ichos ratios. El importe de los cos<span class=\"_ _3\"></span>tes de estructuraci\u00f3n<span class=\"_ _3\"></span> y otros gasto<span class=\"_ _3\"></span>s incurridos en la ob<span class=\"_ _3\"></span>tenci\u00f3n de esta finan<span class=\"_ _3\"></span>ciaci\u00f3n ha sido de 5,5 millones \u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></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=\"_ _10\"></span>contrataci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>esta <span class=\"_ _f\"></span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _10\"></span>variable, MAGNON <span class=\"_ _3\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contra<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>tipos d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _3\"></span>(IRS). <span class=\"_ _3\"></span>Dichos <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _f\"></span>cubren <span class=\"_ _f\"></span>el <span class=\"ls10\">70</span>% <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> la <span class=\"_ _10\"> </span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _13\"> </span>dispuesta <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>u<span class=\"_ _2\"></span>n <span class=\"_ _13\"> </span>tipo <span class=\"_ _10\"> </span>fijo <span class=\"_ _13\"> </span>medio <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>2,8%. <span class=\"_ _13\"> </span>A<span class=\"_ _2\"></span>dicionalmente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2024 <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>ca<span class=\"_ _3\"></span>ncelaron <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>IRS contratados<span class=\"_ _3\"></span> para dar cobertura a la finan<span class=\"_ _3\"></span>ciaci\u00f3n previa (v\u00e9ase No<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span><span class=\"ls10\">30<span class=\"ls18\">).</span></span> El <span class=\"_ _3\"></span>destino <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>ha s<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>cancelar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>dispu<span class=\"_ _3\"></span>esta por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>negocio <span class=\"_ _3\"></span>firmada <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>201<span class=\"_ _3\"></span>7 <span class=\"_ _3\"></span><span class=\"ls17\">y </span>la <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>necesidades <span class=\"_ _f\"></span>generales <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>MAGNON<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>Adicionalmente <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>permitido <span class=\"_ _f\"></span>la distribuci\u00f3n de <span class=\"_ _d\"></span>25 millones <span class=\"_ _d\"></span>\u20ac en <span class=\"_ _2\"></span>compensaci\u00f3n de <span class=\"_ _d\"></span>los pr\u00e9stamos <span class=\"_ _2\"></span>puente <span class=\"_ _2\"></span>otorgados por <span class=\"_ _d\"></span>los accionistas <span class=\"_ _2\"></span>hasta que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rodujera <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>implem<span class=\"_ _2\"></span>entaci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>regulatorio <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el s<span class=\"_ _3\"></span>ector <span class=\"_ _3\"></span>energ\u00e9tico <span class=\"_ _3\"></span>aplicab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>plantas de MAGNON. Esta financiaci\u00f3n<span class=\"_ _3\"></span> cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _3\"></span>nanciaci\u00f3n y no como un<span class=\"_ _3\"></span>a modificaci\u00f3n de la financiaci\u00f3n exis<span class=\"_ _3\"></span>tente previamente.<span class=\"_ _f\"></span> Project Finance <span class=\"_ _3\"></span>Planta biometano L<span class=\"_ _3\"></span>a Galera Con <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>enero <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2025,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Biofertilizan<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Biometa<span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>Camarles, <span class=\"_ _3\"></span>S.L.<span class=\"_ _3\"></span><span class=\"ls14\">, <span class=\"_ _3\"></span></span>100<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>participada <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>ENCE<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y Biog\u00e1s <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Biometeg\u00e1s <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>Galer<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>S.L. <span class=\"_ _0\"></span>100% <span class=\"_ _0\"></span>participad<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>Biofertilizantes <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>Biometano <span class=\"_ _0\"></span>Camarles, <span class=\"_ _0\"></span>S.L, <span class=\"_ _0\"></span>han<span class=\"_ _65\"> </span>suscrito <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _f\"></span>entidad <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>contrato <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>pr\u00e9stamo <span class=\"_ _f\"></span>bajo <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>modalid<span class=\"_ _3\"></span>ad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>\u201cProject <span class=\"_ _f\"></span>finance\u201d <span class=\"_ _10\"> </span><span class=\"ff3\">por </span>importe <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>19.582 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciar <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>posterior <span class=\"_ _0\"></span>ampliaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>planta <span class=\"_ _0\"></span>de biometano situad<span class=\"_ _3\"></span>a en el municipio de la Galera <span class=\"_ _3\"></span>(Tarragona<span class=\"_ _3\"></span><span class=\"ls18\">).</span> A 31 de <span class=\"_ _2\"></span>diciembre de 2025 se e<span class=\"_ _2\"></span>ncontraban<span class=\"_ _3\"></span> dispuestos <span class=\"ls10\">14.259</span> miles de <span class=\"_ _2\"></span>euros y su vencimiento se producir\u00e1 el <span class=\"_ _13\"> </span>30 <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>junio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>2.037. <span class=\"_ _13\"> </span>Esta <span class=\"_ _13\"> </span>financiaci\u00f3n <span class=\"_ _13\"> </span>devenga <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _13\"> </span>coste <span class=\"_ _13\"> </span>ref<span class=\"_ _2\"></span>erenciado <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>Euribor <span class=\"_ _13\"> </span>6 <span class=\"_ _10\"> </span>meses <span class=\"_ _13\"> </span>m\u00e1s <span class=\"_ _13\"> </span>un diferencial de 2,25%. <span class=\"_ _3\"></span>  Esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>cluye <span class=\"_ _3\"></span>garant\u00edas <span class=\"_ _f\"></span>vinculadas <span class=\"_ _f\"></span>exclusivamente <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>activo <span class=\"_ _3\"></span>financiad<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>tanto <span class=\"_ _f\"></span>sin <span class=\"_ _3\"></span>recurs<span class=\"_ _3\"></span>o al <span class=\"_ _10\"> </span>resto<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>sociedades <span class=\"_ _13\"> </span>o <span class=\"_ _10\"> </span>activos <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>Grupo, <span class=\"_ _13\"> </span>entre <span class=\"_ _10\"> </span>otras, <span class=\"_ _13\"> </span>prenda <span class=\"_ _10\"> </span>sobre <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>100% <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>accion<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>de  los<span class=\"_ _2\"></span> financiados,<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>sobre <span class=\"_ _15\"> </span>sus <span class=\"_ _19\"> </span>act<span class=\"_ _3\"></span>ivos, <span class=\"_ _19\"> </span>y <span class=\"_ _15\"> </span>sobre <span class=\"_ _19\"> </span>sus <span class=\"_ _15\"> </span>derechos <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>cobro, <span class=\"_ _15\"> </span>actuales <span class=\"_ _15\"> </span>y <span class=\"_ _19\"> </span>futu<span class=\"_ _3\"></span>ros. <span class=\"_ _19\"> </span>Asimismo, <span class=\"_ _15\"> </span>esta financiaci\u00f3n <span class=\"_ _16\"> </span>incluye  obligaci<span class=\"_ _3\"></span>ones <span class=\"_ _16\"> </span>de  suministro<span class=\"_ _3\"></span>  de <span class=\"_ _16\"> </span>determinada <span class=\"_ _16\"> </span>informaci\u00f3n  d<span class=\"_ _3\"></span>e  car<span class=\"_ _3\"></span>\u00e1cter  op<span class=\"_ _3\"></span>erativo  y financiero, <span class=\"_ _13\"> </span>habituales  de <span class=\"_ _13\"> </span>este <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>financiaci\u00f3n,  a<span class=\"_ _2\"></span>s\u00ed  c<span class=\"_ _2\"></span>omo <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>cumpl<span class=\"_ _3\"></span>imiento <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>determinados  ratios<span class=\"_ _2\"></span> econ\u00f3micos d<span class=\"_ _3\"></span>e solvencia <span class=\"_ _3\"></span>y re<span class=\"_ _3\"></span>ntabilidad <span class=\"_ _3\"></span>asociados <span class=\"_ _3\"></span>a informaci\u00f3n <span class=\"_ _3\"></span>financiera con<span class=\"_ _3\"></span>solidada <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los financiados<span class=\"ls1f\">. </span>Al <span class=\"_ _16\"> </span>31  de <span class=\"_ _16\"> </span>diciembre <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>2025 <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>cumpl<span class=\"_ _3\"></span>en <span class=\"_ _16\"> </span>dichos <span class=\"_ _16\"> </span>ratios<span class=\"_ _3\"></span><span class=\"ls1f\">. <span class=\"_ _16\"> </span></span>Tambi\u00e9n <span class=\"_ _16\"> </span>incluye <span class=\"_ _16\"> </span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>restricciones, principalmente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>reparto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>divid<span class=\"_ _3\"></span>endos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>obtenci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>nu<span class=\"_ _3\"></span>eva <span class=\"_ _0\"></span>financiaci\u00f3n, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>disposici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una tesorer\u00eda m\u00ednima equivalent<span class=\"_ _3\"></span>e a 6 meses de cob<span class=\"_ _3\"></span>ertura del servicio d<span class=\"_ _3\"></span>e la deuda.<span class=\"_ _3\"></span> Al <span class=\"_ _2\"></span>objeto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cubrir <span class=\"_ _2\"></span>el rie<span class=\"_ _2\"></span>sgo derivado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>contrataci\u00f3n de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>sta f<span class=\"_ _2\"></span>inanciaci\u00f3n a <span class=\"_ _d\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>variable, ENCE ha <span class=\"_ _0\"></span>suscrito <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>entidad <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciador<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>pro<span class=\"_ _3\"></span>yecto, <span class=\"_ _0\"></span>contratos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>cobertu<span class=\"_ _3\"></span>ra <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>tipos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>inter\u00e9s <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> nocional equivalent<span class=\"_ _3\"></span>e al <span class=\"ls10\">100</span>% <span class=\"_ _3\"></span>de las cantid<span class=\"_ _3\"></span>ades dispu<span class=\"_ _3\"></span>estas estimadas dura<span class=\"_ _3\"></span>nte la vigencia de la financiaci\u00f3n<span class=\"_ _3\"></span> a un tipo fijo medio <span class=\"_ _3\"></span>de 2,58%. La presente Financiaci\u00f3n<span class=\"_ _3\"></span> se configura como un P<span class=\"_ _3\"></span>r\u00e9stamo Verde bajo lo<span class=\"_ _3\"></span>s Principios d<span class=\"_ _3\"></span>e Pr\u00e9stamos Verdes<span class=\"_ _f\"></span>. Financiaci\u00f3n cance<span class=\"_ _3\"></span>lada Durante <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>a\u00f1<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cancelaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>anticipada <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2 p<span class=\"_ _3\"></span>r\u00e9stamos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>dispuesto <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la fecha de cancelaci\u00f3n <span class=\"_ _3\"></span>de 35.50<span class=\"_ _3\"></span>0 miles <span class=\"ff6\">\u20ac</span><span class=\"ls13\">. </span>Esta financiaci\u00f3n<span class=\"_ _3\"></span> presentaba s<span class=\"_ _3\"></span>u vencimiento el <span class=\"_ _3\"></span>12 de dicie<span class=\"_ _3\"></span>mbre de 2025 <span class=\"_ _f\"></span>(25.500 <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>iles <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>euros<span class=\"_ _3\"></span>) <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>28 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>marzo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2028<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>(10.000 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros) <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>estaba <span class=\"_ _3\"></span>contra<span class=\"_ _3\"></span>tada <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n inter\u00e9s variable referenciad<span class=\"_ _3\"></span>o al Eurib<span class=\"_ _3\"></span>or con un margen situad<span class=\"_ _3\"></span>o en el rango <span class=\"_ _3\"></span><span class=\"ls10\">1,</span>7<span class=\"ls3e\">% <span class=\"_ _3\"></span></span>- 2%.<span class=\"_ _65\"> </span>28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Otros pasivos financieros </span></span>El <span class=\"_ _2\"></span>detalle <span class=\"_ _d\"></span>de e<span class=\"_ _2\"></span>ste <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Estado<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>Situaci\u00f3n <span class=\"_ _2\"></span>Financiera <span class=\"_ _2\"></span>Consolidad<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>al 31 <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _d\"></span>y 2024 es el siguiente: <table class=\"s w3ed h1da\" id=\"_ce8d0e96-d229-4504-92a0-9a755a2d7091\"><tr><td></td><td></td><td></td><td></td><td class=\"c x58f y13b8 w1ac haa\"><div class=\"t_1 m0_1 x24 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x484 y13b9 w3ee h1db\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x590 y13ba w1af h86\"><div class=\"t_1 m0_1 x4_1 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13bb w2ea h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td><td class=\"c x591 y13bb w3b1 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x592 y13bc w3ef h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x58f y13bd w1ad h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13bd w1b0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13bd w1b2 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">9</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x594 y13bd wf3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2030<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13bd w1b3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td class=\"c x1ca y13be w3f0 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13be w3e9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13c0 w3f1 h1dc\"><div class=\"t_1 m0_1 x1c9 h20 y13bf ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13c1 w18 h72\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">25.319 </div></td><td class=\"c x58f y13c1 w1ad h72\"><div class=\"t_1 m0_1 x50 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.902 </div></td><td class=\"c x590 y13c1 w1b0 h72\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.836  </div></td><td class=\"c x597 y13c1 w1b1 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.852  </div></td><td class=\"c x593 y13c1 w1b2 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.776  </div></td><td class=\"c x594 y13c1 wf3 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">768 </span> </div></td><td class=\"c x595 y13c1 w1b3 h72\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.185  </div></td></tr><tr><td class=\"c x598 y13c2 we3 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></td><td class=\"c x596 y13c2 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">61.315 </div></td><td class=\"c x58f y13c2 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.893 </div></td><td class=\"c x590 y13c2 w1b0 h1d\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 6.366  </div></td><td class=\"c x597 y13c2 w1b1 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.211  </div></td><td class=\"c x593 y13c2 w1b2 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 4.578  </div></td><td class=\"c x594 y13c2 wf3 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.437  </div></td><td class=\"c x595 y13c2 w1b3 h1d\"><div class=\"t_1 m0_1 x19 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 34.830  </div></td></tr><tr><td></td><td class=\"c x596 y13c3 w18 h25\"><div class=\"t_1 m0_1 x1f h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">86.634<span class=\"ff2\"> </span></div></td><td class=\"c x58f y13c3 w1ad h25\"><div class=\"t_1 m0_1 xf h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.795<span class=\"ff2\"> </span></div></td><td class=\"c x590 y13c3 w1b0 h25\"><div class=\"t_1 m0_1 x31 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.202<span class=\"ff2\"> </span></div></td><td class=\"c x597 y13c3 w1b1 h25\"><div class=\"t_1 m0_1 xf h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.063<span class=\"ff2\"> </span></div></td><td class=\"c x593 y13c3 w1b2 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.354<span class=\"ff2\"> </span></div></td><td class=\"c x594 y13c3 wf3 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.205<span class=\"ff2\"> </span></div></td><td class=\"c x595 y13c3 w1b3 h25\"><div class=\"t_1 m0_1 xc h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">36.015<span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x1ca y13c5 w3f2 h1dd\"><div class=\"t_1 m0_1 x1c9 h20 y13c4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17)<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13c6 w18 h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.145 </div></td><td class=\"c x58f y13c6 w1ad h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.713  </div></td><td class=\"c x590 y13c6 w1b0 h72\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.491  </div></td><td class=\"c x597 y13c6 w1b1 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.120  </div></td><td class=\"c x593 y13c6 w1b2 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">647 </span> </div></td><td class=\"c x594 y13c6 wf3 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">174 </span> </div></td><td class=\"c x595 y13c6 w1b3 h72\"><div class=\"t_1 m0_1 x57 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x596 y13c7 w18 h25\"><div class=\"t_1 m0_1 x30 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5<span class=\"lsd\">.145</span> </div></td><td class=\"c x58f y13c7 w1ad h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.713<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13c7 w1b0 h25\"><div class=\"t_1 m0_1 xe h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.491<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13c7 w1b1 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.120<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13c7 w1b2 h25\"><div class=\"t_1 m0_1 x2f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">647<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13c7 wf3 h25\"><div class=\"t_1 m0_1 x2f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">174<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13c7 w1b3 h25\"><div class=\"t_1 m0_1 x57 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x596 y13c8 w18 h25\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">91.779<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13c8 w1ad h25\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">16.508<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13c8 w1b0 h25\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">13.693<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13c8 w1b1 h25\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.183<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13c8 w1b2 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.001<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13c8 wf3 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.379<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13c8 w1b3 h25\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">36.015<span class=\"ls0_1\"> </span></div></td></tr></table>202<span class=\"ls0_1\">8 </span><table class=\"s w3f3 h1de\" id=\"_f75f33a3-de98-4aeb-b8fd-e506e81ebf75\"><tr><td></td><td></td><td></td><td></td><td class=\"c x58f y13c9 w1ac haa\"><div class=\"t_1 m0_1 x24 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x484 y13ca w3ee h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x590 y13cb w1af h86\"><div class=\"t_1 m0_1 x4_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13cc w3d9 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13cc w3b1 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x592 y13cd w3ef h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x58f y13ce w1ad h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13ce w1b0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13ce w1b2 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x594 y13ce wf3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13ce w1b3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td class=\"c x1ca y13cf w3f0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13cf w3e9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13d1 w3f1 h1df\"><div class=\"t_1 m0_1 x1c9 h20 y13d0 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13d2 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></td><td class=\"c x58f y13d2 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.459 </div></td><td class=\"c x590 y13d2 w1b0 h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.019 </div></td><td class=\"c x597 y13d2 w1b1 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.279 </div></td><td class=\"c x593 y13d2 w1b2 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.371 </div></td><td class=\"c x594 y13d2 wf3 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.891 </div></td><td class=\"c x595 y13d2 w1b3 h1d\"><div class=\"t_1 m0_1 x3a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.388 </div></td></tr><tr><td class=\"c x598 y13d3 we3 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></td><td class=\"c x596 y13d3 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52.803 </div></td><td class=\"c x58f y13d3 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.251 </div></td><td class=\"c x590 y13d3 w1b0 h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.780 </div></td><td class=\"c x597 y13d3 w1b1 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.657 </div></td><td class=\"c x593 y13d3 w1b2 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.509 </div></td><td class=\"c x594 y13d3 wf3 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.932 </div></td><td class=\"c x595 y13d3 w1b3 h1d\"><div class=\"t_1 m0_1 xc h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.674 </div></td></tr><tr><td></td><td class=\"c x596 y13d4 w18 h26\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">87.210<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d4 w1ad h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">13.710<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d4 w1b0 h26\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.799<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d4 w1b1 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.936<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d4 w1b2 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.880<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d4 wf3 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">6.823<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d4 w1b3 h26\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.062<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y13d6 w3f2 h1e0\"><div class=\"t_1 m0_1 x1c9 h20 y13d5 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17)<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13d7 w18 ha2\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></td><td class=\"c x58f y13d7 w1ad ha2\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.768 </div></td><td class=\"c x590 y13d7 w1b0 ha2\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></td><td class=\"c x597 y13d7 w1b1 ha2\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.107 </div></td><td class=\"c x593 y13d7 w1b2 ha2\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">786<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d7 wf3 ha2\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">410<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d7 w1b3 ha2\"><div class=\"t_1 m0_1 x14 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x596 y13d8 w18 h26\"><div class=\"t_1 m0_1 x30 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.744<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d8 w1ad h26\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.768<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d8 w1b0 h26\"><div class=\"t_1 m0_1 xe h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.628<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d8 w1b1 h26\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.107<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d8 w1b2 h26\"><div class=\"t_1 m0_1 x2f h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">786<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d8 wf3 h26\"><div class=\"t_1 m0_1 x2f h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">410<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d8 w1b3 h26\"><div class=\"t_1 m0_1 x14 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x596 y13d9 w18 h26\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">92.954<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d9 w1ad h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.478<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d9 w1b0 h26\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.427<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d9 w1b1 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.043<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d9 w1b2 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.666<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d9 wf3 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.233<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d9 w1b3 h26\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.107<span class=\"ls0_1\"> </span></div></td></tr></table>2027<span class=\"ls0_1\"> </span>La <span class=\"_ _10\"> </span>cuenta <span class=\"_ _13\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _10\"> </span>orga<span class=\"_ _3\"></span>nismos <span class=\"_ _10\"> </span>p\u00fa<span class=\"_ _3\"></span>blicos\u201d <span class=\"_ _10\"> </span>corresp<span class=\"_ _3\"></span>onde <span class=\"_ _10\"> </span>fundamentalmente <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>pr\u00e9stamos <span class=\"_ _13\"> </span>obtenidos, normalmente <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>inter\u00e9s <span class=\"_ _10\"> </span>favorables, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>financian <span class=\"_ _10\"> </span>proyectos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _3\"></span>liaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>mejora <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> capacidad productiv<span class=\"_ _3\"></span>a de <span class=\"_ _2\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _2\"></span>actividades de I+D+i en <span class=\"_ _3\"></span>ENCE. <span class=\"_ _3\"></span>Su <span class=\"_ _3\"></span>plaz<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10 a\u00f1<span class=\"_ _3\"></span>os, con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>periodo de <span class=\"_ _3\"></span>carencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>3 a\u00f1<span class=\"_ _3\"></span>os, <span class=\"_ _3\"></span>y devengan un tipo de in<span class=\"_ _3\"></span>ter\u00e9s fijo que se sit\u00faa en el rango <span class=\"_ _3\"></span>0%-3,76<span class=\"ls3e\">%.<span class=\"_ _65\"> </span></span>28.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Estado de flujos de efectiv<span class=\"_ _2\"></span>o (EFE) </span></span>Se <span class=\"_ _13\"> </span>muestra <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>continuaci\u00f3n  l<span class=\"_ _2\"></span>a <span class=\"_ _13\"> </span>conciliaci\u00f3n  entre <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>variaciones  e<span class=\"_ _2\"></span>n  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>endeudamiento  financiero <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>Grupo (deudas <span class=\"_ _3\"></span>con entidades d<span class=\"_ _3\"></span>e cr\u00e9dito y <span class=\"_ _3\"></span>mercado de <span class=\"_ _3\"></span>capitales y otro<span class=\"_ _3\"></span>s pasivos <span class=\"_ _3\"></span>financieros) y <span class=\"_ _3\"></span>los flujos d<span class=\"_ _3\"></span>e financiaci\u00f3n recogidos en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201cCobros y pagos por instrumentos de <span class=\"_ _2\"></span>pasivo financiero\u201d del Estado <span class=\"_ _2\"></span>de Flujos de Efectivo<span class=\"_ _2\"></span> en 2025 y 2024:<table class=\"s w3f4 h1e1\" id=\"_deba97b3-49df-4127-b029-ff6ce8c856a2\"><tr><td></td><td></td><td class=\"c x59a y13da w1b5 h34\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Flujos de efe<span class=\"_ _2\"></span>ctivo </div></td><td></td><td></td><td></td><td class=\"c x59b y13da w1b6 h34\"><div class=\"t_1 m0_1 x30 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones de de<span class=\"_ _2\"></span>uda sin i<span class=\"_ _2\"></span>mpacto en <span class=\"_ _2\"></span>EFE </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x59c y13dc w3f5 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Emisiones <span class=\"_ _2\"></span>y<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td class=\"c x59d y13dc w3f6 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x59e y13dc w3f7 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Actualiza<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x59f y13dd w3f8 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Reembolsos<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5a0 y13dd w3f9 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a1 y13dd w3fa h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo de<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x5a2 y13de w3fb h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x5a3 y13de w3fc h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">disposicione<span class=\"_ _2\"></span>s<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a4 y13de w3fd h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pago de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a5 y13de w3fe h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">por derecho<span class=\"_ _2\"></span>s<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5a6 y13de w3ff h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">ci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5a7 y13de w400 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5a8 y13df wa5 hd6\"><div class=\"t_1 m0_1 x10 hf6 y75d ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5a9 y13e0 w401 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">/ Cuotas<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5aa y13e0 w402 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5ab y13e0 w403 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">costes de<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x5ac y13e1 w404 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1/1/2025<span class=\"_ _65\"> </span></div></td><td class=\"c x5ad y13e1 w405 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(Netas de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5ae y13e1 w406 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a5 y13e1 w407 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de uso sobre<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5af y13e1 w408 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">financier<span class=\"_ _65\"> </span></div></td><td class=\"c x5b0 y13e1 w409 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x5a9 y13e2 w40a h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">pagadas<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5a0 y13e2 w40b h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses<span class=\"_ _65\"> </span></div></td><td class=\"c x5b1 y13e2 w40c h1e2\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">estructura<span class=\"_ _2\"></span>ci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x5b2 y13e3 w40d h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">gastos)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x5b3 y13e3 w40e h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5af y13e3 w40f h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">a y otros<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y13e5 w410 h1e3\"><div class=\"t_1 m0_1 x1c9 hf7 y13e4 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _2\"></span>ra Nego<span class=\"_ _2\"></span>cio CELULOSA<span class=\"_ _2\"></span> -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5b4 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _2\"></span>s y bonos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13e6 w5c h22\"><div class=\"t_1 m0_1 x2f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x59a y13e6 w1a1 h22\"><div class=\"t_1 m0_1 x13 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">87.400 </div></td><td class=\"c x5b6 y13e6 w1b7 h22\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(83.900) </div></td><td class=\"c x5b7 y13e6 w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13e6 w1b9 h22\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(535) </div></td><td class=\"c x5b8 y13e6 w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13e6 w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13e6 wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13e6 w51 h22\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td></tr><tr><td class=\"c x5a8 y13e7 wa5 h3a\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _2\"></span>carios </div></td><td class=\"c x5b5 y13e7 w5c h3a\"><div class=\"t_1 m0_1 x1_1 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">277.566 </div></td><td class=\"c x59a y13e7 w1a1 h3a\"><div class=\"t_1 m0_1 x2_1 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">106.329 </div></td><td class=\"c x5b6 y13e7 w1b7 h3a\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(97.337) </div></td><td class=\"c x5b7 y13e7 w1b8 h3a\"><div class=\"t_1 m0_1 x50 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.155) </div></td><td class=\"c x59b y13e7 w1b9 h3a\"><div class=\"t_1 m0_1 x18 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y13e7 w1bb h3a\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.329) </div></td><td class=\"c x5b9 y13e7 w1ba h3a\"><div class=\"t_1 m0_1 x15 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">511<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13e7 wf3 h3a\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13e7 w51 h3a\"><div class=\"t_1 m0_1 x1f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">284.585 </div></td></tr><tr><td class=\"c x5a8 y13e8 wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivo<span class=\"_ _2\"></span>s financieros<span class=\"_ _2\"></span> </div></td><td class=\"c x5b5 y13e8 w5c h22\"><div class=\"t_1 m0_1 x2f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></td><td class=\"c x59a y13e8 w1a1 h22\"><div class=\"t_1 m0_1 x20 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">812<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b6 y13e8 w1b7 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(9.856) </div></td><td class=\"c x5b7 y13e8 w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13e8 w1b9 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(75) </div></td><td class=\"c x5b8 y13e8 w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13e8 w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13e8 wf3 h22\"><div class=\"t_1 m0_1 x13 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x5bb y13e8 w51 h22\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">25.319 </div></td></tr><tr><td class=\"c x5a8 y13e9 wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _2\"></span>ntereses, cu<span class=\"_ _2\"></span>p\u00f3n y otros </div></td><td class=\"c x5b5 y13e9 w5c h22\"><div class=\"t_1 m0_1 x1f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x59a y13e9 w1a1 h22\"><div class=\"t_1 m0_1 x1d hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13e9 w1b7 h22\"><div class=\"t_1 m0_1 x15 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y13e9 w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13e9 w1b9 h22\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(646) </div></td><td class=\"c x5b8 y13e9 w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13e9 w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13e9 wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13e9 w51 h22\"><div class=\"t_1 m0_1 x18 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td></tr><tr><td class=\"c x5bc y13ea w411 h1e4\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _2\"></span>derecho de u<span class=\"_ _2\"></span>so sobre<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13eb w5c he6\"><div class=\"t_1 m0_1 x2f hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">52.806 </div></td><td class=\"c x59a y13eb w1a1 he6\"><div class=\"t_1 m0_1 x1d hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13eb w1b7 he6\"><div class=\"t_1 m0_1 xc hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(8.860) </div></td><td></td><td class=\"c x59b y13eb w1b9 he6\"><div class=\"t_1 m0_1 x1_1 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.158 </div></td><td class=\"c x5b8 y13eb w1bb he6\"><div class=\"t_1 m0_1 xc7 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.211 </div></td><td class=\"c x5b9 y13eb w1ba he6\"><div class=\"t_1 m0_1 x41 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13eb wf3 he6\"><div class=\"t_1 m0_1 xb3 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13eb w51 he6\"><div class=\"t_1 m0_1 x30 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">61.315 </div></td></tr><tr><td class=\"c x1ca y13ec w412 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13ed w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">440.489 </div></td><td class=\"c x59a y13ed w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">194.541 </div></td><td class=\"c x5b6 y13ed w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(199.953) </div></td><td class=\"c x5b7 y13ed w1b8 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.155) </div></td><td class=\"c x59b y13ed w1b9 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.902 </div></td><td class=\"c x5b8 y13ed w1bb h15\"><div class=\"t_1 m0_1 xc7 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.211 </div></td><td class=\"c x5b9 y13ed w1ba h15\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">511<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13ed wf3 h15\"><div class=\"t_1 m0_1 x2a hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.298) </div></td><td class=\"c x5bb y13ed w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">449.248 </div></td></tr><tr><td class=\"c x5bc y13ee w413 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _2\"></span>nancieros de<span class=\"_ _2\"></span>rivados<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13ef w5c h31\"><div class=\"t_1 m0_1 x2f hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(3.027) </div></td><td class=\"c x59a y13ef w1a1 h31\"><div class=\"t_1 m0_1 x1d hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13ef w1b7 h31\"><div class=\"t_1 m0_1 x15 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y13ef w1b8 h31\"><div class=\"t_1 m0_1 x19 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(884) </div></td><td class=\"c x59b y13ef w1b9 h31\"><div class=\"t_1 m0_1 x1_1 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.096 </div></td><td class=\"c x5b8 y13ef w1bb h31\"><div class=\"t_1 m0_1 x32 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13ef w1ba h31\"><div class=\"t_1 m0_1 x41 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13ef wf3 h31\"><div class=\"t_1 m0_1 x2_1 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">777<span class=\"ls0_1\"> </span></div></td><td class=\"c x5bb y13ef w51 h31\"><div class=\"t_1 m0_1 x13 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.038) </div></td></tr><tr><td class=\"c x1ca y13f0 w414 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _2\"></span>a financiaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13f1 w5c h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">437.462 </div></td><td class=\"c x59a y13f1 w1a1 h34\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">194.541 </div></td><td class=\"c x5b6 y13f1 w1b7 h34\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(199.953) </div></td><td class=\"c x5b7 y13f1 w1b8 h34\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.039) </div></td><td class=\"c x59b y13f1 w1b9 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.998 </div></td><td class=\"c x5b8 y13f1 w1bb h34\"><div class=\"t_1 m0_1 xc7 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.211 </div></td><td class=\"c x5b9 y13f1 w1ba h34\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">511<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13f1 wf3 h34\"><div class=\"t_1 m0_1 x2b hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(521) </div></td><td class=\"c x5bb y13f1 w51 h34\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">447.210 </div></td></tr><tr><td class=\"c x1ca y13f3 w415 h1e5\"><div class=\"t_1 m0_1 x1c9 hf7 y13f2 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _2\"></span>ra Nego<span class=\"_ _2\"></span>cio RENOVAB<span class=\"_ _2\"></span>LES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5b4 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _2\"></span>s y bonos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13f4 w5c h15\"><div class=\"t_1 m0_1 x44 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59a y13f4 w1a1 h15\"><div class=\"t_1 m0_1 x1d hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13f4 w1b7 h15\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y13f4 w1b8 h15\"><div class=\"t_1 m0_1 x1e hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13f4 w1b9 h15\"><div class=\"t_1 m0_1 x18 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y13f4 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13f4 w1ba h15\"><div class=\"t_1 m0_1 x41 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13f4 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f4 w51 h15\"><div class=\"t_1 m0_1 x35 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x5a8 y13f5 wa5 h15\"><div class=\"t_1 m0_1 xc hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos Sindi<span class=\"_ _2\"></span>cado-Corporat<span class=\"_ _2\"></span>ivo </div></td><td class=\"c x5b5 y13f5 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">162.324 </div></td><td class=\"c x59a y13f5 w1a1 h15\"><div class=\"t_1 m0_1 x1d hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13f5 w1b7 h15\"><div class=\"t_1 m0_1 x2b hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(11.968) </div></td><td class=\"c x5b7 y13f5 w1b8 h15\"><div class=\"t_1 m0_1 x1e hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13f5 w1b9 h15\"><div class=\"t_1 m0_1 x18 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y13f5 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13f5 w1ba h15\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">809<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13f5 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f5 w51 h15\"><div class=\"t_1 m0_1 x1f hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">151.165 </div></td></tr><tr><td class=\"c x5a8 y13f6 wa5 h15\"><div class=\"t_1 m0_1 xc hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Project Finance-<span class=\"_ _2\"></span>Planta Bio<span class=\"_ _2\"></span>metano </div></td><td class=\"c x5b5 y13f6 w5c h15\"><div class=\"t_1 m0_1 x44 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59a y13f6 w1a1 h15\"><div class=\"t_1 m0_1 x13 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.295 </div></td><td class=\"c x5b6 y13f6 w1b7 h15\"><div class=\"t_1 m0_1 x18 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(35) </div></td><td class=\"c x5b7 y13f6 w1b8 h15\"><div class=\"t_1 m0_1 x19 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(403) </div></td><td class=\"c x59b y13f6 w1b9 h15\"><div class=\"t_1 m0_1 x13 hf7 y35 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">32<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13f6 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13f6 w1ba h15\"><div class=\"t_1 m0_1 x41 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13f6 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f6 w51 h15\"><div class=\"t_1 m0_1 x30 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">13.889 </div></td></tr><tr><td class=\"c x5a8 y13f7 wa5 h34\"><div class=\"t_1 m0_1 xc hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _2\"></span>ntereses, cu<span class=\"_ _2\"></span>p\u00f3n y otros </div></td><td class=\"c x5b5 y13f7 w5c h34\"><div class=\"t_1 m0_1 xcb hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x59a y13f7 w1a1 h34\"><div class=\"t_1 m0_1 x20 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">123<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b6 y13f7 w1b7 h34\"><div class=\"t_1 m0_1 x13 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(215) </div></td><td class=\"c x5b7 y13f7 w1b8 h34\"><div class=\"t_1 m0_1 x1e hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13f7 w1b9 h34\"><div class=\"t_1 m0_1 x13 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13f7 w1bb h34\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13f7 w1ba h34\"><div class=\"t_1 m0_1 x41 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13f7 wf3 h34\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f7 w51 h34\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">22<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x5bc y13f8 w411 h1e6\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _2\"></span>derecho de u<span class=\"_ _2\"></span>so sobre<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13f9 w5c he6\"><div class=\"t_1 m0_1 x1f hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></td><td class=\"c x59a y13f9 w1a1 he6\"><div class=\"t_1 m0_1 x1d hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13f9 w1b7 he6\"><div class=\"t_1 m0_1 xc hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.729) </div></td><td></td><td class=\"c x59b y13f9 w1b9 he6\"><div class=\"t_1 m0_1 x2_1 hf7 y64b ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">199<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13f9 w1bb he6\"><div class=\"t_1 m0_1 xcb hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.931 </div></td><td class=\"c x5b9 y13f9 w1ba he6\"><div class=\"t_1 m0_1 x41 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13f9 wf3 he6\"><div class=\"t_1 m0_1 xb3 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f9 w51 he6\"><div class=\"t_1 m0_1 x18 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.145 </div></td></tr><tr><td class=\"c x1ca y13fa w412 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13fb w5c h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">168.163 </div></td><td class=\"c x59a y13fb w1a1 h34\"><div class=\"t_1 m0_1 x13 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.418 </div></td><td class=\"c x5b6 y13fb w1b7 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(14.947) </div></td><td class=\"c x5b7 y13fb w1b8 h34\"><div class=\"t_1 m0_1 x19 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(403) </div></td><td class=\"c x59b y13fb w1b9 h34\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">250<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13fb w1bb h34\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.931 </div></td><td class=\"c x5b9 y13fb w1ba h34\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">809<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13fb wf3 h34\"><div class=\"t_1 m0_1 xb3 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13fb w51 h34\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">170.221 </div></td></tr><tr><td class=\"c x5bc y13fc w413 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _2\"></span>nancieros de<span class=\"_ _2\"></span>rivados<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13fd w5c hd7\"><div class=\"t_1 m0_1 x2f hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.261) </div></td><td class=\"c x59a y13fd w1a1 hd7\"><div class=\"t_1 m0_1 x1d hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13fd w1b7 hd7\"><div class=\"t_1 m0_1 x15 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y13fd w1b8 hd7\"><div class=\"t_1 m0_1 x19 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls3f\">496</span>) </div></td><td class=\"c x59b y13fd w1b9 hd7\"><div class=\"t_1 m0_1 x2_1 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">496<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13fd w1bb hd7\"><div class=\"t_1 m0_1 x32 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13fd w1ba hd7\"><div class=\"t_1 m0_1 x41 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13fd wf3 hd7\"><div class=\"t_1 m0_1 x1_1 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></td><td class=\"c x5bb y13fd w51 hd7\"><div class=\"t_1 m0_1 x1e hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(633) </div></td></tr><tr><td class=\"c x1ca y13fe w414 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _2\"></span>a financiaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13ff w5c h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">165.902 </div></td><td class=\"c x59a y13ff w1a1 h34\"><div class=\"t_1 m0_1 x13 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.418 </div></td><td class=\"c x5b6 y13ff w1b7 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(14.947) </div></td><td class=\"c x5b7 y13ff w1b8 h34\"><div class=\"t_1 m0_1 x19 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(899) </div></td><td class=\"c x59b y13ff w1b9 h34\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">746<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13ff w1bb h34\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.931 </div></td><td class=\"c x5b9 y13ff w1ba h34\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">809<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13ff wf3 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></td><td class=\"c x5bb y13ff w51 h34\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">169.588 </div></td></tr><tr><td></td><td class=\"c x5b5 y1400 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">603.364 </div></td><td class=\"c x59a y1400 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">208.959 </div></td><td class=\"c x5b6 y1400 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(214.900) </div></td><td class=\"c x5b7 y1400 w1b8 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.938) </div></td><td class=\"c x59b y1400 w1b9 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.744 </div></td><td class=\"c x5b8 y1400 w1bb h15\"><div class=\"t_1 m0_1 xc7 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">16.142 </div></td><td class=\"c x5b9 y1400 w1ba h15\"><div class=\"t_1 m0_1 x11 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.320 </div></td><td></td><td class=\"c x5ba y1400 wf3 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.107 </div></td><td class=\"c x5bb y1400 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">616.799 </div></td></tr><tr><td></td><td></td><td class=\"c x59a y1401 w1b5 h34\" colspan=\"2\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Flujos de efe<span class=\"_ _2\"></span>ctivo </div></td><td></td><td class=\"c x59b y1401 w1b6 h34\" colspan=\"2\"><div class=\"t_1 m0_1 x30 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones de de<span class=\"_ _2\"></span>uda sin i<span class=\"_ _2\"></span>mpacto en <span class=\"_ _2\"></span>EFE </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x59c y1402 w3f5 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Emisiones <span class=\"_ _2\"></span>y<span class=\"_ _65\"> </span></div></td><td class=\"c x59f y1403 w3f8 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Reembolsos<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a0 y1403 w3f9 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo<span class=\"_ _65\"> </span></div></td><td class=\"c x59d y1402 w3f6 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x5a1 y1403 w3fa h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x59e y1402 w3f7 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Actualiza<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x5a2 y1404 w3fb h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x5a3 y1404 w3fc h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">disposicione<span class=\"_ _2\"></span>s<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a4 y1404 w3fd h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pago de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a5 y1404 w3fe h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">por derecho<span class=\"_ _2\"></span>s<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5a6 y1404 w3ff h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">ci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5a7 y1404 w400 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5a8 y1405 wa5 hd6\"><div class=\"t_1 m0_1 x10 hf6 y75d ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5a9 y1406 w401 h1e2\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">/ Cuotas<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5aa y1406 w402 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5ab y1406 w403 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">costes de<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x5ac y1407 w404 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1/1/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x5ad y1407 w405 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(Netas de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5ae y1407 w406 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a5 y1407 w407 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de uso sobre<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5af y1407 w408 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">financier<span class=\"_ _65\"> </span></div></td><td class=\"c x5b0 y1407 w409 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x5a9 y1408 w40a h1e2\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">pagadas<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a0 y1408 w40b h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses<span class=\"_ _65\"> </span></div></td><td class=\"c x5b1 y1408 w40c h1e2\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">estructura<span class=\"_ _2\"></span>ci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x5b2 y1409 w40d h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">gastos)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x5b3 y1409 w40e h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5af y1409 w40f h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">a y otros<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y140a w410 h1e3\"><div class=\"t_1 m0_1 x1c9 hf7 y13e4 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _2\"></span>ra Nego<span class=\"_ _2\"></span>cio CELULOSA<span class=\"_ _2\"></span> -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5b4 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _2\"></span>s y bonos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y140b w5c h22\"><div class=\"t_1 m0_1 x2f hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">53.047 </div></td><td class=\"c x59a y140b w1a1 h22\"><div class=\"t_1 m0_1 x2_1 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">215.400 </div></td><td class=\"c x5b6 y140b w1b7 h22\"><div class=\"t_1 m0_1 x50 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(193.800) </div></td><td class=\"c x5b7 y140b w1b8 h22\"><div class=\"t_1 m0_1 x50 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(4.476) </div></td><td class=\"c x59b y140b w1b9 h22\"><div class=\"t_1 m0_1 x1_1 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.390 </div></td><td class=\"c x5b8 y140b w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y140b w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y140b wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y140b w51 h22\"><div class=\"t_1 m0_1 x30 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td></tr><tr><td class=\"c x5a8 y140c wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _2\"></span>carios </div></td><td class=\"c x5b5 y140c w5c h22\"><div class=\"t_1 m0_1 x1_1 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">359.598 </div></td><td class=\"c x59a y140c w1a1 h22\"><div class=\"t_1 m0_1 x1d hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y140c w1b7 h22\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(82.317) </div></td><td class=\"c x5b7 y140c w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y140c w1b9 h22\"><div class=\"t_1 m0_1 x18 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y140c w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y140c w1ba h22\"><div class=\"t_1 m0_1 x15 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">285<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y140c wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y140c w51 h22\"><div class=\"t_1 m0_1 x1f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">277.566 </div></td></tr><tr><td class=\"c x5a8 y140d wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivo<span class=\"_ _2\"></span>s financieros<span class=\"_ _2\"></span> </div></td><td class=\"c x5b5 y140d w5c h22\"><div class=\"t_1 m0_1 x2f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">42.886 </div></td><td class=\"c x59a y140d w1a1 h22\"><div class=\"t_1 m0_1 x22 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.369 </div></td><td class=\"c x5b6 y140d w1b7 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(8.545) </div></td><td class=\"c x5b7 y140d w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y140d w1b9 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(75) </div></td><td class=\"c x5b8 y140d w1bb h22\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(6.259) </div></td><td class=\"c x5b9 y140d w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y140d wf3 h22\"><div class=\"t_1 m0_1 x13 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x5bb y140d w51 h22\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></td></tr><tr><td class=\"c x5a8 y140e wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _2\"></span>ntereses, cu<span class=\"_ _2\"></span>p\u00f3n y otros </div></td><td class=\"c x5b5 y140e w5c h22\"><div class=\"t_1 m0_1 x1f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.303 </div></td><td class=\"c x59a y140e w1a1 h22\"><div class=\"t_1 m0_1 x1d hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y140e w1b7 h22\"><div class=\"t_1 m0_1 x15 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y140e w1b8 h22\"><div class=\"t_1 m0_1 xf hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(16.941) </div></td><td class=\"c x59b y140e w1b9 h22\"><div class=\"t_1 m0_1 x2a hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">16.787 </div></td><td class=\"c x5b8 y140e w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y140e w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y140e wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y140e w51 h22\"><div class=\"t_1 m0_1 x18 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td></tr><tr><td class=\"c x5bc y140f w411 h1e6\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _2\"></span>derecho de u<span class=\"_ _2\"></span>so sobre<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1410 w5c he6\"><div class=\"t_1 m0_1 x2f hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">42.003 </div></td><td class=\"c x59a y1410 w1a1 he6\"><div class=\"t_1 m0_1 x1d hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y1410 w1b7 he6\"><div class=\"t_1 m0_1 xc hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(7.191) </div></td><td></td><td class=\"c x59b y1410 w1b9 he6\"><div class=\"t_1 m0_1 x1_1 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.294 </div></td><td class=\"c x5b8 y1410 w1bb he6\"><div class=\"t_1 m0_1 xc7 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">15.700 </div></td><td class=\"c x5b9 y1410 w1ba he6\"><div class=\"t_1 m0_1 x41 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y1410 wf3 he6\"><div class=\"t_1 m0_1 xb3 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y1410 w51 he6\"><div class=\"t_1 m0_1 x30 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">52.806 </div></td></tr><tr><td class=\"c x1ca y1411 w412 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1412 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">499.837 </div></td><td class=\"c x59a y1412 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">221.769 </div></td><td class=\"c x5b6 y1412 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(291.853) </div></td><td class=\"c x5b7 y1412 w1b8 h15\"><div class=\"t_1 m0_1 xf hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(21.417) </div></td><td class=\"c x59b y1412 w1b9 h15\"><div class=\"t_1 m0_1 x2a hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">22.396 </div></td><td class=\"c x5b8 y1412 w1bb h15\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.441 </div></td><td class=\"c x5b9 y1412 w1ba h15\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">285<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1412 wf3 h15\"><div class=\"t_1 m0_1 x13 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x5bb y1412 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">440.489 </div></td></tr><tr><td class=\"c x5bc y1413 w413 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _2\"></span>nancieros de<span class=\"_ _2\"></span>rivados<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1414 w5c hd7\"><div class=\"t_1 m0_1 x2f hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(4.035) </div></td><td class=\"c x59a y1414 w1a1 hd7\"><div class=\"t_1 m0_1 x1d hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y1414 w1b7 hd7\"><div class=\"t_1 m0_1 x15 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y1414 w1b8 hd7\"><div class=\"t_1 m0_1 x19 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(372) </div></td><td class=\"c x59b y1414 w1b9 hd7\"><div class=\"t_1 m0_1 x18 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y1414 w1bb hd7\"><div class=\"t_1 m0_1 x32 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y1414 w1ba hd7\"><div class=\"t_1 m0_1 x41 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y1414 wf3 hd7\"><div class=\"t_1 m0_1 x1_1 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.380 </div></td><td class=\"c x5bb y1414 w51 hd7\"><div class=\"t_1 m0_1 x13 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(3.027) </div></td></tr><tr><td class=\"c x1ca y1415 w414 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _2\"></span>a financiaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1416 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">495.802 </div></td><td class=\"c x59a y1416 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">221.769 </div></td><td class=\"c x5b6 y1416 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(291.853) </div></td><td class=\"c x5b7 y1416 w1b8 h15\"><div class=\"t_1 m0_1 xf hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(21.789) </div></td><td class=\"c x59b y1416 w1b9 h15\"><div class=\"t_1 m0_1 x2a hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">22.396 </div></td><td class=\"c x5b8 y1416 w1bb h15\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.441 </div></td><td class=\"c x5b9 y1416 w1ba h15\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">285<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1416 wf3 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.411 </div></td><td class=\"c x5bb y1416 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">437.462 </div></td></tr><tr><td class=\"c x1ca y1417 w415 h1e7\"><div class=\"t_1 m0_1 x1c9 hf7 y13f2 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _2\"></span>ra Nego<span class=\"_ _2\"></span>cio RENOVAB<span class=\"_ _2\"></span>LES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5b4 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _2\"></span>s y bonos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1418 w5c h15\"><div class=\"t_1 m0_1 x2f hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">78.697 </div></td><td class=\"c x59a y1418 w1a1 h15\"><div class=\"t_1 m0_1 x1d hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y1418 w1b7 h15\"><div class=\"t_1 m0_1 x2b hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(79.000) </div></td><td class=\"c x5b7 y1418 w1b8 h15\"><div class=\"t_1 m0_1 x1e hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y1418 w1b9 h15\"><div class=\"t_1 m0_1 x18 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y1418 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y1418 w1ba h15\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1418 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y1418 w51 h15\"><div class=\"t_1 m0_1 x35 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x5a8 y1419 wa5 h15\"><div class=\"t_1 m0_1 xc hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _2\"></span>carios </div></td><td class=\"c x5b5 y1419 w5c h15\"><div class=\"t_1 m0_1 x2f hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">43.771 </div></td><td class=\"c x59a y1419 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></td><td class=\"c x5b6 y1419 w1b7 h15\"><div class=\"t_1 m0_1 x2b hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(48.510) </div></td><td class=\"c x5b7 y1419 w1b8 h15\"><div class=\"t_1 m0_1 x1e hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y1419 w1b9 h15\"><div class=\"t_1 m0_1 x18 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y1419 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y1419 w1ba h15\"><div class=\"t_1 m0_1 x15 hf7 y35 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">599<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1419 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y1419 w51 h15\"><div class=\"t_1 m0_1 x1f hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">162.324 </div></td></tr><tr><td class=\"c x5a8 y141a wa5 h34\"><div class=\"t_1 m0_1 xc hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _2\"></span>ntereses, cu<span class=\"_ _2\"></span>p\u00f3n y otros </div></td><td class=\"c x5b5 y141a w5c h34\"><div class=\"t_1 m0_1 xcb hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x59a y141a w1a1 h34\"><div class=\"t_1 m0_1 x1d hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y141a w1b7 h34\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y141a w1b8 h34\"><div class=\"t_1 m0_1 x50 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.932) </div></td><td class=\"c x59b y141a w1b9 h34\"><div class=\"t_1 m0_1 x1_1 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.979 </div></td><td class=\"c x5b8 y141a w1bb h34\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y141a w1ba h34\"><div class=\"t_1 m0_1 x41 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y141a wf3 h34\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y141a w51 h34\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">95<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x5bc y141b w411 h1e6\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _2\"></span>derecho de u<span class=\"_ _2\"></span>so sobre<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y141c w5c he6\"><div class=\"t_1 m0_1 x1f hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.832 </div></td><td class=\"c x59a y141c w1a1 he6\"><div class=\"t_1 m0_1 x1d hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y141c w1b7 he6\"><div class=\"t_1 m0_1 xc hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.879) </div></td><td></td><td class=\"c x59b y141c w1b9 he6\"><div class=\"t_1 m0_1 x2_1 hf7 y64b ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">141<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y141c w1bb he6\"><div class=\"t_1 m0_1 xcb hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></td><td class=\"c x5b9 y141c w1ba he6\"><div class=\"t_1 m0_1 x41 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y141c wf3 he6\"><div class=\"t_1 m0_1 xb3 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y141c w51 he6\"><div class=\"t_1 m0_1 x18 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></td></tr><tr><td class=\"c x1ca y141d w412 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y141e w5c h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">125.348 </div></td><td class=\"c x59a y141e w1a1 h34\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></td><td class=\"c x5b6 y141e w1b7 h34\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(129.389) </div></td><td class=\"c x5b7 y141e w1b8 h34\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.932) </div></td><td class=\"c x59b y141e w1b9 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.120 </div></td><td class=\"c x5b8 y141e w1bb h34\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></td><td class=\"c x5b9 y141e w1ba h34\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">902<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y141e wf3 h34\"><div class=\"t_1 m0_1 xb3 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y141e w51 h34\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">168.163 </div></td></tr><tr><td class=\"c x5bc y141f w413 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _2\"></span>nancieros de<span class=\"_ _2\"></span>rivados<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1420 w5c h31\"><div class=\"t_1 m0_1 x1f hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.029 </div></td><td class=\"c x59a y1420 w1a1 h31\"><div class=\"t_1 m0_1 x1d hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y1420 w1b7 h31\"><div class=\"t_1 m0_1 x15 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y1420 w1b8 h31\"><div class=\"t_1 m0_1 x50 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(3.866) </div></td><td class=\"c x59b y1420 w1b9 h31\"><div class=\"t_1 m0_1 x18 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y1420 w1bb h31\"><div class=\"t_1 m0_1 x32 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y1420 w1ba h31\"><div class=\"t_1 m0_1 x41 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y1420 wf3 h31\"><div class=\"t_1 m0_1 x2a hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.424) </div></td><td class=\"c x5bb y1420 w51 h31\"><div class=\"t_1 m0_1 x13 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.261) </div></td></tr><tr><td class=\"c x1ca y1421 w414 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _2\"></span>a financiaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1422 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">128.377 </div></td><td class=\"c x59a y1422 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></td><td class=\"c x5b6 y1422 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(129.389) </div></td><td class=\"c x5b7 y1422 w1b8 h15\"><div class=\"t_1 m0_1 x50 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(9.798) </div></td><td class=\"c x59b y1422 w1b9 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.120 </div></td><td class=\"c x5b8 y1422 w1bb h15\"><div class=\"t_1 m0_1 x1e hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></td><td class=\"c x5b9 y1422 w1ba h15\"><div class=\"t_1 m0_1 x15 hf6 y35 ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">902<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1422 wf3 h15\"><div class=\"t_1 m0_1 x2a hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.424) </div></td><td class=\"c x5bb y1422 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">165.902 </div></td></tr><tr><td></td><td class=\"c x5b5 y1423 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">624.179 </div></td><td class=\"c x59a y1423 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">388.263 </div></td><td class=\"c x5b6 y1423 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(421.242) </div></td><td class=\"c x5b7 y1423 w1b8 h15\"><div class=\"t_1 m0_1 xf hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(31.587) </div></td><td class=\"c x59b y1423 w1b9 h15\"><div class=\"t_1 m0_1 x2a hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">28.516 </div></td><td class=\"c x5b8 y1423 w1bb h15\"><div class=\"t_1 m0_1 xc7 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.091 </div></td><td class=\"c x5b9 y1423 w1ba h15\"><div class=\"t_1 m0_1 x11 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.187 </div></td><td></td><td class=\"c x5ba y1423 wf3 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(13) </div></td><td class=\"c x5bb y1423 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">603.364 </div></td></tr></table>30.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Instrumentos financiero<span class=\"_ _2\"></span>s derivados </span></span>Siguiendo la pol\u00edtica d<span class=\"_ _3\"></span>e gesti\u00f3n de riesgos<span class=\"_ _3\"></span> financieros descri<span class=\"_ _3\"></span>ta en la Nota 5,<span class=\"_ _3\"></span> el Grupo realiza con<span class=\"_ _3\"></span>trataciones de instrumentos fin<span class=\"_ _3\"></span>ancieros derivados<span class=\"_ _3\"></span> principalmente para cub<span class=\"_ _3\"></span>rir sus riesgos<span class=\"_ _3\"></span> financieros.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este e<span class=\"_ _2\"></span>p\u00edgrafe del <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>stado de <span class=\"_ _d\"></span>Situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Financiera <span class=\"_ _2\"></span>Consolidado al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _2\"></span>y 202<span class=\"_ _2\"></span>4 que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>corres<span class=\"_ _3\"></span>ponde <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>el val<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>razon<span class=\"_ _3\"></span>able <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>instrumentos <span class=\"_ _3\"></span>financieros<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>derivados <span class=\"_ _f\"></span>en esas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fechas, <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>el siguiente<span class=\"ls29\">: <span class=\"_ _3\"></span></span> <table class=\"s w41c h1ed\" id=\"_8a1c94dd-5e02-422c-9c99-c6aef21e8dfb\"><tr><td></td><td></td><td class=\"c x5cf y1445 w1c9 haa\"><div class=\"t_1 m0_1 x2f hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activo no<span class=\"_ _2\"></span> corriente </div></td><td></td><td class=\"c x5d0 y1445 w1ca haa\"><div class=\"t_1 m0_1 x13 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activo c<span class=\"_ _2\"></span>orriente </div></td><td></td><td class=\"c x5d1 y1445 w1cb haa\"><div class=\"t_1 m0_1 x2f hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo no c<span class=\"_ _2\"></span>orriente </div></td><td></td><td class=\"c x5d2 y1445 w1cc haa\"><div class=\"t_1 m0_1 x3a hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo cor<span class=\"_ _2\"></span>riente </div></td></tr><tr><td class=\"c x5a8 y1446 w115 haa\"><div class=\"t_1 m0_1 x10 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _2\"></span> Euros </div></td><td class=\"c x5cf y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d3 y1446 wfc haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d0 y1446 w51 haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d4 y1446 w14a haa\"><div class=\"t_1 m0_1 x82 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d1 y1446 w94 haa\"><div class=\"t_1 m0_1 x56 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d5 y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d2 y1446 w168 haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5bb y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td></tr><tr><td class=\"c x1ca y1448 w41d h1ee\"><div class=\"t_1 m0_1 x1c9 hf y1447 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobertura <span class=\"_ _2\"></span>de flujos de efec<span class=\"_ _2\"></span>tivo-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5d6 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">IRSwap<span class=\"_ _65\"> </span></div></td><td class=\"c x5cf y12b5 wee h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\">8</span><span class=\"ls0_1\"><span class=\"fs5\"> </span></span></div></td><td class=\"c x5d3 y12b5 wfc h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y12b5 w51 h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d4 y12b5 w14a h72\"><div class=\"t_1 m0_1 x32 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y12b5 w94 h72\"><div class=\"t_1 m0_1 x13 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.224<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y12b5 wee h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.029<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y12b5 w168 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.674<span class=\"fs5\"> </span></div></td><td class=\"c x5bb y12b5 wee h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.260<span class=\"fs5\"> </span></div></td></tr><tr><td class=\"c x5a8 y1449 w115 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Coberturas<span class=\"_ _2\"></span> de divisa </span></div></td><td class=\"c x5cf y1449 wee h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d3 y1449 wfc h1d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y1449 w51 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">579<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y1449 w14a h1d\"><div class=\"t_1 m0_1 x32 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y1449 w94 h1d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y1449 wee h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y1449 w168 h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5bb y1449 wee h1d\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.081<span class=\"fs5\"> </span></div></td></tr><tr><td class=\"c x5a8 y144a w115 h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Coberturas<span class=\"_ _2\"></span> precio venta energ\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica </span></div></td><td class=\"c x5cf y144a wee h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d3 y144a wfc h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y144a w51 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">988<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y144a w14a h72\"><div class=\"t_1 m0_1 x32 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y144a w94 h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y144a wee h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y144a w168 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">130<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5bb y144a wee h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">633<span class=\"fs5 ls0_1\"> </span></div></td></tr><tr><td class=\"c x5a8 y144b w115 hcf\"><div class=\"t_1 m0_1 xb6 h10 y70 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x5cf y144b wee hcf\"><div class=\"t_1 m0_1 x11 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\">8</span><span class=\"ls0_1\"><span class=\"fs5\"> </span></span></div></td><td class=\"c x5d3 y144b wfc hcf\"><div class=\"t_1 m0_1 x1d h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y144b w51 hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.567<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y144b w14a hcf\"><div class=\"t_1 m0_1 x32 h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y144b w94 hcf\"><div class=\"t_1 m0_1 x13 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.224<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d5 y144b wee hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.029<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d2 y144b w168 hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.804<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5bb y144b wee hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.974<span class=\"fs5 ls0_1\"> </span></div></td></tr></table>El <span class=\"_ _2\"></span>importe <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>razonable <span class=\"_ _2\"></span>traspasado <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>resu<span class=\"_ _3\"></span>ltado <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>ejercicio <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los instrumentos <span class=\"_ _d\"></span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>erivados al 31 de diciembre de 20<span class=\"_ _3\"></span>25 y 2024 es el siguient<span class=\"_ _3\"></span>e:<table class=\"s w41e h1ef\" id=\"_d6bf5aaa-7089-423e-8aa9-d2b6f5b3e1d0\"><tr><td class=\"c x20b y144c w1cd hfb\"><div class=\"t_1 m0_1 x10 h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros - Ingreso/(Gasto) </div></td><td class=\"c x5d7 y144c w1ce hfb\"><div class=\"t_1 m0_1 xe h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x5d8 y144c w1cf hfb\"><div class=\"t_1 m0_1 x50 h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>4 </div></td></tr><tr><td class=\"c x20b y144d w1cd ha0\"><div class=\"t_1 m0_1 x10 h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impacto en resultados de explotaci\u00f3n- </div></td><td></td><td></td></tr><tr><td class=\"c x20b y144e w1cd h6d\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas de divisa </span></div></td><td class=\"c x5d7 y144e w1ce h6d\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.420)    </div></td><td class=\"c x5d8 y144e w1cf h6d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(560)    </span></div></td></tr><tr><td class=\"c x20b y144f w1cd h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas precio de la celulosa </span></div></td><td class=\"c x5d7 y144f w1ce h6c\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x5d8 y144f w1cf h6c\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(9)    </span></div></td></tr><tr><td class=\"c x20b y1450 w1cd h6d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas precio venta energ\u00eda el\u00e9ctrica </span></div></td><td class=\"c x5d7 y1450 w1ce h6d\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.908)    </div></td><td class=\"c x5d8 y1450 w1cf h6d\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.838)    </span></div></td></tr><tr><td class=\"c x20b y1451 w1cd h6d\"><div class=\"t_1 m0_1 x160 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subtotal </div></td><td class=\"c x5d7 y1451 w1ce h6d\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(11.328)    </span></div></td><td class=\"c x5d8 y1451 w1cf h6d\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.407)    </span></div></td></tr><tr><td class=\"c x1ca y1453 w41f h1f0\"><div class=\"t_1 m0_1 x1c9 h20 y1452 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impacto en resultados financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5d9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">IRSwap (Nota 13)<span class=\"_ _65\"> </span></div></td><td class=\"c x5d7 y1454 w1ce h6d\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.592<span class=\"ls25\">   </span> </div></td><td class=\"c x5d8 y1454 w1cf h6d\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td class=\"c x20b y1150 w1cd hea\"><div class=\"t_1 m0_1 x24 h58 yae2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x5d7 y1150 w1ce hea\"><div class=\"t_1 m0_1 xcb h58 y73a ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">9.736</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x5d8 y1150 w1cf hea\"><div class=\"t_1 m0_1 xb3 h58 y73a ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">2.009</span><span class=\"lsd\">   <span class=\"ls0_1\"> </span></span></div></td></tr></table>Todos <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>contratados <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>ENCE <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>diciembre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2024 califican como cobertu<span class=\"_ _3\"></span>ra contable. <span class=\"_ _3\"></span> 30.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Coberturas de divisa </span></span>ENCE <span class=\"_ _0\"></span>cubre <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>fluctuaciones <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>d\u00f3lar/eur<span class=\"_ _3\"></span>o, <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>afectan <span class=\"_ _f\"></span>signi<span class=\"_ _3\"></span>ficativamente <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>pr<span class=\"_ _3\"></span>ecio <span class=\"_ _f\"></span>de venta de <span class=\"_ _d\"></span>celulosa, con <span class=\"_ _2\"></span>t\u00faneles <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>modalidad asi\u00e1tica as\u00ed <span class=\"_ _d\"></span>como con <span class=\"_ _2\"></span>forwards. <span class=\"_ _2\"></span>Su <span class=\"_ _2\"></span>detalle al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>diciembre de 2025 es el siguiente<span class=\"_ _3\"></span>:<table class=\"s w420 h1f1\" id=\"_b6ad87fd-d423-42e7-ae92-0ca6d54ab08c\"><tr><td class=\"c x5da y1455 w421 h181\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00faneles<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5db y1456 w1b2 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5dc y1456 w1d1 hfd\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5dd y1456 w21 hfd\"><div class=\"t_1 m0_1 x31 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional </div></td></tr><tr><td class=\"c x5de y1457 w422 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asi\u00e1ticos<span class=\"_ _65\"> </span></div></td><td class=\"c x5df y1458 w52 h63\"><div class=\"t_1 m0_1 x2b h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x5db y1458 w1b2 h63\"><div class=\"t_1 m0_1 x50 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Call </div></td><td class=\"c x5dc y1458 w1d1 h63\"><div class=\"t_1 m0_1 x82 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Put </div></td><td class=\"c x5dd y1458 w21 h63\"><div class=\"t_1 m0_1 x56 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Mn. USD) </div></td></tr><tr><td class=\"c x5e0 y1459 w423 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subyacente<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x5e1 y145a w51 hfe\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145a w52 hfe\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145a w1b2 hfe\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,126 </div></td><td class=\"c x5dc y145a w1d1 hfe\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,174 </div></td><td class=\"c x5dd y145a w21 hfe\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14,6 </div></td></tr><tr><td class=\"c x5e1 y145b w51 hfd\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145b w52 hfd\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145b w1b2 hfd\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,160 </div></td><td class=\"c x5dc y145b w1d1 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,205 </div></td><td class=\"c x5dd y145b w21 hfd\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16,9 </div></td></tr><tr><td class=\"c x5e1 y145c w51 hfd\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145c w52 hfd\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145c w1b2 hfd\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,159 </div></td><td class=\"c x5dc y145c w1d1 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,208 </div></td><td class=\"c x5dd y145c w21 hfd\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11,8 </div></td></tr><tr><td class=\"c x5e1 y145d w51 h9f\"><div class=\"t_1 m0_1 x31 h20 y62 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145d w52 h9f\"><div class=\"t_1 m0_1 x56 h20 y62 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145d w1b2 h9f\"><div class=\"t_1 m0_1 xf h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,160 </div></td><td class=\"c x5dc y145d w1d1 h9f\"><div class=\"t_1 m0_1 x56 h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,201 </div></td><td class=\"c x5dd y145d w21 h9f\"><div class=\"t_1 m0_1 xc h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8,9 </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x5dd y145e w21 h9f\"><div class=\"t_1 m0_1 x19 h58 y5b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52,2 </div></td></tr><tr><td class=\"c x5e2 y145f w424 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Forward<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5c6 y1460 we9 h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5e3 y1460 we9 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional </div></td></tr><tr><td></td><td class=\"c x5e4 y1461 w1d3 h86\"><div class=\"t_1 m0_1 xb3 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td></td><td class=\"c x5c6 y1461 we9 h86\"><div class=\"t_1 m0_1 x2f h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Price </div></td><td class=\"c x5e3 y1461 we9 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Mn. USD) </div></td></tr><tr><td class=\"c x5e5 y1462 w423 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subyacente<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x5e6 y1463 w1d2 h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1463 w1d3 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1463 we9 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,152 </div></td><td class=\"c x5e3 y1463 we9 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,10 </div></td></tr><tr><td class=\"c x5e6 y1464 w1d2 h7f\"><div class=\"t_1 m0_1 x2a h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1464 w1d3 h7f\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1464 we9 h7f\"><div class=\"t_1 m0_1 x19 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,162 </div></td><td class=\"c x5e3 y1464 we9 h7f\"><div class=\"t_1 m0_1 xc h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,90 </div></td></tr><tr><td class=\"c x5e6 y1465 w1d2 h66\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1465 w1d3 h66\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1465 we9 h66\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,183 </div></td><td class=\"c x5e3 y1465 we9 h66\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9,90 </div></td></tr><tr><td class=\"c x5e6 y1466 w1d2 he4\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1466 w1d3 he4\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1466 we9 he4\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,179 </div></td><td class=\"c x5e3 y1466 we9 he4\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,50 </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x5e3 y1467 we9 h66\"><div class=\"t_1 m0_1 xc h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23,4 </div></td></tr></table>Los contratos vigentes <span class=\"_ _2\"></span>al 31 <span class=\"_ _d\"></span>de diciembre <span class=\"_ _2\"></span>de 2025 <span class=\"_ _2\"></span>cubren aproximadamente un <span class=\"ls10\">15</span>% <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>un <span class=\"ls10\">14</span>% <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>ventas de <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>previstas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>primer <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>segundo <span class=\"_ _f\"></span>semestre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>6, <span class=\"_ _f\"></span>resp<span class=\"_ _3\"></span>ectivamente. <span class=\"_ _f\"></span>Al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e 2024<span class=\"ls0_1\">, los <span class=\"_ _2\"></span>contratos vigentes <span class=\"_ _2\"></span>cubr\u00edan aproximadamente un <span class=\"ls10\">50</span>% <span class=\"_ _2\"></span>y un <span class=\"_ _2\"></span><span class=\"ls10\">40<span class=\"ls0_1\">% de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> ventas <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>celulosa previstas </span></span></span>en el primer y segun<span class=\"_ _3\"></span>do semestre de 2025, res<span class=\"_ _3\"></span>pectivamente.<span class=\"_ _3\"></span> Durante los ejercicios 202<span class=\"_ _3\"></span>5 y 2024 no s<span class=\"_ _3\"></span>e han prod<span class=\"_ _3\"></span>ucido ineficacias en los derivad<span class=\"_ _3\"></span>os sobre tipo de cambio<span class=\"_ _65\"> </span>La sensibilidad del resultado de explotaci\u00f3n y del patrimonio a las apreciaciones o deprec<span class=\"_ _3\"></span>iaciones del d\u00f3lar frente <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>euro, <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>mo <span class=\"_ _f\"></span>consecuencia <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>efecto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>instrumentos <span class=\"_ _f\"></span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _f\"></span>derivado<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>contratados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por ENCE a 31 de d<span class=\"_ _3\"></span>iciembre de 20<span class=\"ls10\">25</span>,<span class=\"_ _3\"></span> se detalla a contin<span class=\"_ _3\"></span>uaci\u00f3n:  Miles \u20ac<span class=\"ff2\"> </span><table class=\"s w425 h1f2\" id=\"_4a8ab3ce-5263-4589-a453-cde31d155ad8\"><tr><td></td><td class=\"c x5e8 y1468 w2bf h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5e9 y1468 w426 h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado de explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5ea y1468 w427 h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x5eb y1017 w2c8 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Cambio US$/\u20ac<span class=\"_ _65\"> </span></div></td><td class=\"c x5ec y1017 w428 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x5ed y1017 w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5ee y1469 wf3 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ef y1469 w191 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y1469 w1d4 h25\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.058 </div></td><td class=\"c x5f1 y1469 w1d5 h25\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.293 </div></td></tr><tr><td></td><td class=\"c x5ef y146a w191 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146a w1d4 h57\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.134) </div></td><td class=\"c x5f1 y146a w1d5 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.601) </div></td></tr><tr><td class=\"c x5ee y146b wf3 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ef y146b w191 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146b w1d4 h57\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.965 </div></td><td class=\"c x5f1 y146b w1d5 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.473 </div></td></tr><tr><td></td><td class=\"c x5ef y146c w191 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146c w1d4 h25\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.817) </div></td><td class=\"c x5f1 y146c w1d5 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.613) </div></td></tr></table>30.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Cobertura de venta de ene<span class=\"_ _2\"></span>rg\u00eda-  </span></span>El Grupo <span class=\"_ _2\"></span>ENCE trata de <span class=\"_ _d\"></span>replica<span class=\"_ _3\"></span>r la <span class=\"_ _2\"></span>f\u00f3rmula de <span class=\"_ _2\"></span>indexaci\u00f3n del pool re<span class=\"_ _2\"></span>gulatorio establecida en la <span class=\"_ _2\"></span>regulaci\u00f3n de energ\u00eda  vigente  y  para <span class=\"_ _16\"> </span>ello  durante  el  ejercicio  2025 <span class=\"_ _16\"> </span>el  Grupo  ha <span class=\"_ _16\"> </span>contratado  Commodity  Swaps <span class=\"_ _16\"> </span>con vencimiento <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>2026 <span class=\"_ _f\"></span>sobre <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>en<span class=\"_ _3\"></span>erg\u00eda <span class=\"_ _f\"></span>el\u00e9ctrica-OMEL. <span class=\"_ _0\"></span>Con <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>objetiv<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>mitigar <span class=\"_ _f\"></span>la exposici\u00f3n <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>riesgo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>mercado <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>garantiz<span class=\"_ _3\"></span>ar <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>referenci<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>precio <span class=\"_ _f\"></span>alineada <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>regulatorio, <span class=\"_ _f\"></span>el precio contratado de dichas coberturas se <span class=\"_ _2\"></span>va construyendo diariamente <span class=\"_ _2\"></span>utilizado la f\u00f3rmula d<span class=\"_ _3\"></span>e c\u00e1lculo de la<span class=\"_ _2\"></span> retribuci\u00f3n a la op<span class=\"_ _3\"></span>eraci\u00f3n, conforme a lo establecido en<span class=\"_ _3\"></span> la Orden TED/52<span class=\"_ _3\"></span>6/2024.<span class=\"_ _3\"></span> Se detallan a continu<span class=\"_ _3\"></span>aci\u00f3n las principales cob<span class=\"_ _3\"></span>erturas de energ\u00eda vigentes a<span class=\"_ _3\"></span>l 31 de diciembre d<span class=\"_ _3\"></span>e 2025:<span class=\"_ _3\"></span> <table class=\"s w429 h1f4\" id=\"_6dbe4fab-dacd-4af3-b5be-2d8ed8ddb794\"><tr><td class=\"c x5f3 y146d w1d9 h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x5f4 y146e w42a h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cantidad<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x5f5 y146f w42b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(MWh)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5f3 y1470 w1d9 hfe\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2026 </div></td><td class=\"c x5f6 y1470 w1d8 hfe\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">172.373 </div></td></tr><tr><td class=\"c x5f3 y1471 w1d9 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2026 </div></td><td class=\"c x5f6 y1471 w1d8 hfd\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">225.890 </div></td></tr><tr><td class=\"c x5f3 y1472 w1d9 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2026 </div></td><td class=\"c x5f6 y1472 w1d8 hfd\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">201.890 </div></td></tr><tr><td class=\"c x5f3 y1473 w1d9 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2026 </div></td><td class=\"c x5f6 y1473 w1d8 h9f\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">199.370 </div></td></tr></table>Durante <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _f\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _3\"></span>ineficacias <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>venta de energ\u00eda.  La <span class=\"_ _0\"></span>sensib<span class=\"_ _3\"></span>ilidad <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>resultado <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variacion<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>energ\u00eda, <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>secuencia <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>efecto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los instrumentos <span class=\"_ _15\"> </span>financieros <span class=\"_ _19\"> </span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _19\"> </span>contratados <span class=\"_ _19\"> </span>por <span class=\"_ _15\"> </span>ENCE <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>31 <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>202<span class=\"_ _f\"></span>5, <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>detalla <span class=\"_ _19\"> </span>a continuaci\u00f3n: <table class=\"s w42c h1f5\" id=\"_7710210f-28e5-4cd6-a75d-77f08e5dca4a\"><tr><td></td><td class=\"c x5f8 y1474 w2bf h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5f9 y1474 w426 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado de explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5fa y1474 w427 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5fb y1475 wc4 hff\"><div class=\"t_1 m0_1 x19 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x5fc y1476 w42d h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio venta energ\u00eda<span class=\"_ _65\"> </span></div></td><td class=\"c x5fd y1476 w428 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x5fe y1476 w2c3 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5fb y1477 wc4 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ff y1477 w1da h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumento 5% </div></td><td class=\"c x600 y1477 w1db h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(854) </div></td><td class=\"c x601 y1477 w1db h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(640) </div></td></tr><tr><td></td><td class=\"c x5ff y1478 w1da h66\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuci\u00f3n 5% </div></td><td class=\"c x600 y1478 w1db h66\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">751<span class=\"ls0_1\"> </span></div></td><td class=\"c x601 y1478 w1db h66\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">563<span class=\"ls0_1\"> </span></div></td></tr></table>30.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Interest Rate Swap- </span></span>Los derivado<span class=\"_ _3\"></span>s sobre tipos de inter\u00e9s contra<span class=\"_ _3\"></span>tados por el Grup<span class=\"_ _3\"></span>o y vigentes al 31 d<span class=\"_ _3\"></span>e diciembre de 202<span class=\"_ _f\"></span>5 y 2024 son los siguientes<span class=\"_ _3\"></span>:<table class=\"s w42e h1f6\" id=\"_bee4f059-6319-41fa-a899-b7bb7382ea81\"><tr><td></td><td class=\"c x603 y1479 w11b haa\"><div class=\"t_1 m0_1 xc h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor </div></td><td></td><td></td><td class=\"c x604 y1479 w1de haa\"><div class=\"t_1 m0_1 x6f h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional al cierre del: </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x605 y147a w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Miles de Euros </div></td><td class=\"c x603 y147a w11b h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Razonable </div></td><td class=\"c x604 y147a w54 h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x606 y147a w1df h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x607 y147a w18f h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x608 y147a w18f h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x609 y147a w1e h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">9</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x60a y147a w1e0 h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resto </div></td></tr><tr><td class=\"c x605 y147b w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x605 y147c w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa </div></td><td class=\"c x603 y147c w11b h24\"><div class=\"t_1 m0_1 x18 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.038) </div></td><td class=\"c x604 y147c w54 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x606 y147c w1df h24\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">88.476 </div></td><td class=\"c x607 y147c w18f h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">46.813 </div></td><td class=\"c x608 y147c w18f h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">38.934 </div></td><td class=\"c x609 y147c w1e h24\"><div class=\"t_1 m0_1 x57 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x60a y147c w1e0 h24\"><div class=\"t_1 m0_1 x1d h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x605 y147d w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio renovables </div></td><td class=\"c x603 y147d w11b h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(633) </div></td><td class=\"c x604 y147d w54 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x606 y147d w1df h24\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.097 </div></td><td class=\"c x607 y147d w18f h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">36.897 </div></td><td class=\"c x608 y147d w18f h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29.010 </div></td><td class=\"c x609 y147d w1e h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.377 </div></td><td class=\"c x60a y147d w1e0 h24\"><div class=\"t_1 m0_1 xc h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52.166 </div></td></tr><tr><td class=\"c x605 y147e w1dd haa\"><div class=\"t_1 m0_1 x1f h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x605 y147f w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa </div></td><td class=\"c x603 y147f w11b h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.028) </div></td><td class=\"c x604 y147f w54 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">136.539 </div></td><td class=\"c x606 y147f w1df h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">91.809 </div></td><td class=\"c x607 y147f w18f h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">46.813 </div></td><td class=\"c x608 y147f w18f h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x609 y147f w1e h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x60a y147f w1e0 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x605 y1480 w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio renovables </div></td><td class=\"c x603 y1480 w11b h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.261) </div></td><td class=\"c x604 y1480 w54 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">92.097 </div></td><td class=\"c x606 y1480 w1df h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">83.720 </div></td><td class=\"c x607 y1480 w18f h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">75.581 </div></td><td class=\"c x608 y1480 w18f h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">67.917 </div></td><td class=\"c x609 y1480 w1e h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x60a y1480 w1e0 h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">164.956 </div></td></tr></table>Durante los <span class=\"_ _3\"></span>ejercicios <span class=\"ls10\">202</span>5 y 2024 n<span class=\"_ _3\"></span>o se han pro<span class=\"_ _3\"></span>ducido ineficacias en los derivad<span class=\"_ _3\"></span>os sobre tipos d<span class=\"_ _3\"></span>e inter\u00e9s. <span class=\"_ _3\"></span><span class=\"ff2 fc3\"> </span>La <span class=\"_ _3\"></span>sensib<span class=\"_ _3\"></span>ilidad <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>resu<span class=\"_ _3\"></span>ltado <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>variaciones <span class=\"_ _f\"></span>del tip<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>inter\u00e9s, <span class=\"_ _f\"></span>como <span class=\"_ _3\"></span>consecuencia <span class=\"_ _f\"></span>del efecto <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>instru<span class=\"_ _3\"></span>mentos <span class=\"_ _d\"></span>fin<span class=\"_ _3\"></span>ancieros <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tratados <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>dicie<span class=\"_ _3\"></span>mbre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>20<span class=\"_ _3\"></span><span class=\"ls10\">25</span> <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>2024, <span class=\"_ _d\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>detalla a continuaci\u00f3n<span class=\"_ _3\"></span>: <table class=\"s w42f h1f7\" id=\"_fa931d5a-5894-4cc4-8bcc-1f114de74924\"><tr><td></td><td class=\"c x60c y1481 w2bf h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x60d y1481 w430 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en coste financiero<span class=\"_ _65\"> </span></div></td><td class=\"c x60e y1481 w427 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x60f y1482 w11e h86\"><div class=\"t_1 m0_1 x19 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x610 y1483 w2cc h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Inter\u00e9s<span class=\"_ _65\"> </span></div></td><td class=\"c x5ad y1483 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x611 y1483 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x60f y1484 w11e h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x612 y1484 w1e1 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumento 50 pb </div></td><td class=\"c x613 y1484 w1db h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">618<span class=\"ls0_1\"> </span></div></td><td class=\"c x614 y1484 w1db h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.803 </div></td></tr><tr><td></td><td class=\"c x612 y1485 w1e1 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuci\u00f3n 50 pb </div></td><td class=\"c x613 y1485 w1db h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(618) </div></td><td class=\"c x614 y1485 w1db h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.023) </div></td></tr><tr><td class=\"c x60f y1486 w11e h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x612 y1486 w1e1 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumento 50 pb </div></td><td class=\"c x613 y1486 w1db h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">606<span class=\"ls0_1\"> </span></div></td><td class=\"c x614 y1486 w1db h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.481) </div></td></tr><tr><td></td><td class=\"c x612 y1487 w1e1 h66\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuci\u00f3n 50 pb </div></td><td class=\"c x613 y1487 w1db h66\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(606) </div></td><td class=\"c x614 y1487 w1db h66\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.768) </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "<div class=\"c w3_1 h3d gs80\"><div class=\"t_1 m0_1 x39 h7_1 y9ba ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x21 h7_1 y127 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _3\"></span>valoraci\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los ins<span class=\"_ _3\"></span>trumentos <span class=\"_ _3\"></span>financieros <span class=\"_ _3\"></span>derivados <span class=\"_ _3\"></span>se ha <span class=\"_ _3\"></span>realizad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>considerando <span class=\"_ _3\"></span>informaci\u00f3n d<span class=\"_ _3\"></span>e niv<span class=\"_ _3\"></span>el </div><div class=\"t_1 m0_1 x21 h7_1 y592 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">2, <span class=\"_ _16\"> </span>esto <span class=\"_ _16\"> </span>es,<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>utilizando <span class=\"_ _19\"> </span>variables <span class=\"_ _16\"> </span>diferentes <span class=\"_ _19\"> </span>de <span class=\"_ _16\"> </span>precios <span class=\"_ _16\"> </span>co<span class=\"_ _3\"></span>tizados,<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>que <span class=\"_ _16\"> </span>son <span class=\"_ _16\"> </span>ob<span class=\"_ _3\"></span>servables <span class=\"_ _16\"> </span>bien <span class=\"_ _16\"> </span>directa <span class=\"_ _19\"> </span>o </div><div class=\"t_1 m0_1 x21 h7_1 y593 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">indirectamente <span class=\"_ _3\"></span>(v\u00e9as<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Nota <span class=\"_ _f\"></span>3.8). <span class=\"_ _3\"></span>Por <span class=\"_ _3\"></span>su <span class=\"_ _f\"></span>parte, <span class=\"_ _3\"></span>pa<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>valoraci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>valo<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>razonable <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>traprestaci\u00f3n </div><div class=\"t_1 m0_1 x21 h7_1 y9bb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">contingente se utilizan<span class=\"_ _3\"></span> variables<span class=\"_ _3\"></span> del nivel 3 incluy<span class=\"_ _3\"></span>endo los t\u00e9rminos d<span class=\"_ _3\"></span>el contrato<span class=\"_ _3\"></span> de venta, el conoci<span class=\"_ _3\"></span>miento </div><div class=\"t_1 m0_1 x21 h7_1 y9bc ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">por parte del Grupo d<span class=\"_ _3\"></span>e su negocio y lo<span class=\"_ _3\"></span>s efectos del entorno econ\u00f3mico act<span class=\"_ _3\"></span>ual.<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> </div></div>El valor <span class=\"_ _2\"></span>razonable de <span class=\"_ _2\"></span>los activos y <span class=\"_ _2\"></span>pasivos financieros valorados a <span class=\"_ _2\"></span>coste amortizado, <span class=\"_ _2\"></span>entre los que <span class=\"_ _2\"></span>se incluye la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>contratada <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _f\"></span>fijo <span class=\"_ _3\"></span>(v\u00e9anse <span class=\"_ _3\"></span>N<span class=\"_ _3\"></span>otas <span class=\"_ _f\"></span>5 y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>28), <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>ifiere <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>forma <span class=\"_ _f\"></span>significativa <span class=\"_ _3\"></span>del importe al que se encuentra<span class=\"_ _3\"></span>n registrad<span class=\"_ _3\"></span>os.<span class=\"_ _65\"> </span>Siguiendo la pol\u00edtica d<span class=\"_ _3\"></span>e gesti\u00f3n de riesgos<span class=\"_ _3\"></span> financieros descri<span class=\"_ _3\"></span>ta en la Nota 5,<span class=\"_ _3\"></span> el Grupo realiza con<span class=\"_ _3\"></span>trataciones de instrumentos fin<span class=\"_ _3\"></span>ancieros derivados<span class=\"_ _3\"></span> principalmente para cub<span class=\"_ _3\"></span>rir sus riesgos<span class=\"_ _3\"></span> financieros.<span class=\"_ _3\"></span> El <span class=\"_ _2\"></span>detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este e<span class=\"_ _2\"></span>p\u00edgrafe del <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>stado de <span class=\"_ _d\"></span>Situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Financiera <span class=\"_ _2\"></span>Consolidado al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _2\"></span>y 202<span class=\"_ _2\"></span>4 que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>corres<span class=\"_ _3\"></span>ponde <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>el val<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>razon<span class=\"_ _3\"></span>able <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>instrumentos <span class=\"_ _3\"></span>financieros<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>derivados <span class=\"_ _f\"></span>en esas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fechas, <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>el siguiente<span class=\"ls29\">: <span class=\"_ _3\"></span></span> <table class=\"s w41c h1ed\" id=\"_8a1c94dd-5e02-422c-9c99-c6aef21e8dfb\"><tr><td></td><td></td><td class=\"c x5cf y1445 w1c9 haa\"><div class=\"t_1 m0_1 x2f hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activo no<span class=\"_ _2\"></span> corriente </div></td><td></td><td class=\"c x5d0 y1445 w1ca haa\"><div class=\"t_1 m0_1 x13 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activo c<span class=\"_ _2\"></span>orriente </div></td><td></td><td class=\"c x5d1 y1445 w1cb haa\"><div class=\"t_1 m0_1 x2f hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo no c<span class=\"_ _2\"></span>orriente </div></td><td></td><td class=\"c x5d2 y1445 w1cc haa\"><div class=\"t_1 m0_1 x3a hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo cor<span class=\"_ _2\"></span>riente </div></td></tr><tr><td class=\"c x5a8 y1446 w115 haa\"><div class=\"t_1 m0_1 x10 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _2\"></span> Euros </div></td><td class=\"c x5cf y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d3 y1446 wfc haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d0 y1446 w51 haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d4 y1446 w14a haa\"><div class=\"t_1 m0_1 x82 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d1 y1446 w94 haa\"><div class=\"t_1 m0_1 x56 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d5 y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d2 y1446 w168 haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5bb y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td></tr><tr><td class=\"c x1ca y1448 w41d h1ee\"><div class=\"t_1 m0_1 x1c9 hf y1447 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobertura <span class=\"_ _2\"></span>de flujos de efec<span class=\"_ _2\"></span>tivo-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5d6 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">IRSwap<span class=\"_ _65\"> </span></div></td><td class=\"c x5cf y12b5 wee h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\">8</span><span class=\"ls0_1\"><span class=\"fs5\"> </span></span></div></td><td class=\"c x5d3 y12b5 wfc h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y12b5 w51 h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d4 y12b5 w14a h72\"><div class=\"t_1 m0_1 x32 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y12b5 w94 h72\"><div class=\"t_1 m0_1 x13 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.224<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y12b5 wee h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.029<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y12b5 w168 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.674<span class=\"fs5\"> </span></div></td><td class=\"c x5bb y12b5 wee h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.260<span class=\"fs5\"> </span></div></td></tr><tr><td class=\"c x5a8 y1449 w115 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Coberturas<span class=\"_ _2\"></span> de divisa </span></div></td><td class=\"c x5cf y1449 wee h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d3 y1449 wfc h1d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y1449 w51 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">579<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y1449 w14a h1d\"><div class=\"t_1 m0_1 x32 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y1449 w94 h1d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y1449 wee h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y1449 w168 h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5bb y1449 wee h1d\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.081<span class=\"fs5\"> </span></div></td></tr><tr><td class=\"c x5a8 y144a w115 h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Coberturas<span class=\"_ _2\"></span> precio venta energ\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica </span></div></td><td class=\"c x5cf y144a wee h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d3 y144a wfc h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y144a w51 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">988<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y144a w14a h72\"><div class=\"t_1 m0_1 x32 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y144a w94 h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y144a wee h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y144a w168 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">130<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5bb y144a wee h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">633<span class=\"fs5 ls0_1\"> </span></div></td></tr><tr><td class=\"c x5a8 y144b w115 hcf\"><div class=\"t_1 m0_1 xb6 h10 y70 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x5cf y144b wee hcf\"><div class=\"t_1 m0_1 x11 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\">8</span><span class=\"ls0_1\"><span class=\"fs5\"> </span></span></div></td><td class=\"c x5d3 y144b wfc hcf\"><div class=\"t_1 m0_1 x1d h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y144b w51 hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.567<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y144b w14a hcf\"><div class=\"t_1 m0_1 x32 h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y144b w94 hcf\"><div class=\"t_1 m0_1 x13 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.224<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d5 y144b wee hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.029<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d2 y144b w168 hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.804<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5bb y144b wee hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.974<span class=\"fs5 ls0_1\"> </span></div></td></tr></table>El <span class=\"_ _2\"></span>importe <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>razonable <span class=\"_ _2\"></span>traspasado <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>resu<span class=\"_ _3\"></span>ltado <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>ejercicio <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los instrumentos <span class=\"_ _d\"></span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>erivados al 31 de diciembre de 20<span class=\"_ _3\"></span>25 y 2024 es el siguient<span class=\"_ _3\"></span>e:<div class=\"gs31\"><table class=\"s w41e h1ef\" id=\"_d6bf5aaa-7089-423e-8aa9-d2b6f5b3e1d0\"><tr><td class=\"c x20b y144c w1cd hfb\"><div class=\"t_1 m0_1 x10 h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros - Ingreso/(Gasto) </div></td><td class=\"c x5d7 y144c w1ce hfb\"><div class=\"t_1 m0_1 xe h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x5d8 y144c w1cf hfb\"><div class=\"t_1 m0_1 x50 h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>4 </div></td></tr><tr><td class=\"c x20b y144d w1cd ha0\"><div class=\"t_1 m0_1 x10 h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impacto en resultados de explotaci\u00f3n- </div></td><td></td><td></td></tr><tr><td class=\"c x20b y144e w1cd h6d\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas de divisa </span></div></td><td class=\"c x5d7 y144e w1ce h6d\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.420)    </div></td><td class=\"c x5d8 y144e w1cf h6d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(560)    </span></div></td></tr><tr><td class=\"c x20b y144f w1cd h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas precio de la celulosa </span></div></td><td class=\"c x5d7 y144f w1ce h6c\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x5d8 y144f w1cf h6c\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(9)    </span></div></td></tr><tr><td class=\"c x20b y1450 w1cd h6d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas precio venta energ\u00eda el\u00e9ctrica </span></div></td><td class=\"c x5d7 y1450 w1ce h6d\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.908)    </div></td><td class=\"c x5d8 y1450 w1cf h6d\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.838)    </span></div></td></tr><tr><td class=\"c x20b y1451 w1cd h6d\"><div class=\"t_1 m0_1 x160 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subtotal </div></td><td class=\"c x5d7 y1451 w1ce h6d\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(11.328)    </span></div></td><td class=\"c x5d8 y1451 w1cf h6d\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.407)    </span></div></td></tr><tr><td class=\"c x1ca y1453 w41f h1f0\"><div class=\"t_1 m0_1 x1c9 h20 y1452 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impacto en resultados financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5d9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">IRSwap (Nota 13)<span class=\"_ _65\"> </span></div></td><td class=\"c x5d7 y1454 w1ce h6d\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.592<span class=\"ls25\">   </span> </div></td><td class=\"c x5d8 y1454 w1cf h6d\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td class=\"c x20b y1150 w1cd hea\"><div class=\"t_1 m0_1 x24 h58 yae2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x5d7 y1150 w1ce hea\"><div class=\"t_1 m0_1 xcb h58 y73a ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">9.736</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x5d8 y1150 w1cf hea\"><div class=\"t_1 m0_1 xb3 h58 y73a ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">2.009</span><span class=\"lsd\">   <span class=\"ls0_1\"> </span></span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "25.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Deudores comerciales y otras cuentas a cobrar<span class=\"_ _2\"></span>  </span></span>La <span class=\"_ _10\"> </span>composici\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>ep\u00edgrafe <span class=\"_ _10\"> </span>\u201cDeud<span class=\"_ _3\"></span>ores <span class=\"_ _10\"> </span>comerciales <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>otras<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>cobrar\u201d <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>activo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Estado <span class=\"_ _10\"> </span>de Situaci\u00f3n Financiera con<span class=\"_ _3\"></span>solidado al cierre de los<span class=\"_ _3\"></span> ejercicios 202<span class=\"_ _3\"></span>5 y 2024 es la<span class=\"_ _3\"></span> siguiente<span class=\"ls29\">: <span class=\"_ _3\"></span></span> <table class=\"s w3da h1cd\" id=\"_1b2bca20-3cb2-4568-a802-b438c857c74e\"><tr><td class=\"c x254 y1352 w185 ha4\"><div class=\"t_1 m0_1 x10 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x54f y1352 w1c ha4\"><div class=\"t_1 m0_1 xf h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x550 y1352 w187 ha4\"><div class=\"t_1 m0_1 xf h20 y37 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x254 y1353 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Clientes por ventas- </div></td><td></td><td></td></tr><tr><td class=\"c x254 y1354 w185 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Celulosa </span></div></td><td class=\"c x54f y1354 w1c h5c\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">8.725    </span></div></td><td class=\"c x550 y1354 w187 h5c\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">16.370    </span></div></td></tr><tr><td class=\"c x254 y1355 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Energ\u00eda </span></div></td><td class=\"c x54f y1355 w1c h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">17.371    </span></div></td><td class=\"c x550 y1355 w187 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.946    </span></div></td></tr><tr><td class=\"c x254 y1356 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Otros conceptos </span></div></td><td class=\"c x54f y1356 w1c h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.679    </span></div></td><td class=\"c x550 y1356 w187 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">4.715    </span></div></td></tr><tr><td class=\"c x254 y1357 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Empresas del grupo y vinculadas, deudores (Nota 34) </div></td><td class=\"c x54f y1357 w1c h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">789   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x550 y1357 w187 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.128    </span></div></td></tr><tr><td class=\"c x254 y1358 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores varios </div></td><td class=\"c x54f y1358 w1c h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">7.714    </span></div></td><td class=\"c x550 y1358 w187 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.715    </span></div></td></tr><tr><td class=\"c x254 y1359 w185 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor </div></td><td class=\"c x54f y1359 w1c h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(5.910)    </span></div></td><td class=\"c x550 y1359 w187 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">(4.990)    </span></div></td></tr><tr><td></td><td class=\"c x54f y135a w1c h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">31.368   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x550 y135a w187 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">50.884   <span class=\"ls0_1\"> </span></span></div></td></tr></table>El per\u00edodo <span class=\"_ _2\"></span>de cr\u00e9dito <span class=\"_ _2\"></span>para la <span class=\"_ _2\"></span>venta<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>pas<span class=\"_ _3\"></span>ta de <span class=\"_ _2\"></span>celulosa se sit\u00faa <span class=\"_ _2\"></span>en me<span class=\"_ _2\"></span>dia entre 54 <span class=\"_ _2\"></span>y 58 <span class=\"_ _2\"></span>d\u00edas. En la <span class=\"_ _2\"></span>evoluci\u00f3n de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>saldo<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cobrar <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>ventas <span class=\"_ _f\"></span>de energ\u00eda <span class=\"_ _f\"></span>renovable <span class=\"_ _3\"></span>debe <span class=\"_ _3\"></span>considerarse <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>saldos <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>cobrar <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Pool presentan <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>eriodo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobro<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>aproxi<span class=\"_ _3\"></span>madamente <span class=\"_ _0\"></span>10 <span class=\"_ _f\"></span>d\u00edas <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>saldos <span class=\"_ _0\"></span>pendientes <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cobro <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>CNMC<span class=\"_ _3\"></span> presentan <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobr<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>aproximadamente<span class=\"_ _3\"></span> 60 <span class=\"_ _3\"></span>d\u00ed<span class=\"_ _3\"></span>as. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>razonab<span class=\"_ _3\"></span>le d<span class=\"_ _3\"></span>e esto<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>saldos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>difiere de forma significativa <span class=\"_ _3\"></span>de su valor en libros<span class=\"_ _3\"></span>. La cuenta <span class=\"_ _2\"></span>\u201cDeterioro de <span class=\"_ _2\"></span>valor\u201d ha <span class=\"_ _2\"></span>tenido <span class=\"_ _2\"></span>dotaciones en el <span class=\"_ _d\"></span>ejercicio con <span class=\"_ _2\"></span>cargo a <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>cuenta \u201cdeterioro <span class=\"_ _2\"></span>de valor sobre activos<span class=\"_ _3\"></span> financieros\u201d del Estado de Resulta<span class=\"_ _3\"></span>do por importe de <span class=\"_ _3\"></span><span class=\"ff3 ls10\">920 <span class=\"_ _3\"></span></span>miles \u20ac<span class=\"ff3\">.<span class=\"_ _65\"> </span></span>25.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Factoring  </span></span>El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>tiene <span class=\"_ _f\"></span>formalizad<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>factoring <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>recurso <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _0\"></span>Nota<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>3.7), <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>siguiente detalle: <table class=\"s w3db h1ce\" id=\"_351f0325-8763-44c2-88bf-de4231fd4601\"><tr><td></td><td class=\"c x552 y135b w189 h66\"><div class=\"t_1 m0_1 x45 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x553 y135b w18a h66\"><div class=\"t_1 m0_1 x45 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x554 y135c w188 h59\"><div class=\"t_1 m0_1 x10 h20 y9d1 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mn \u20ac<span class=\"ff3\"> </span></div></td><td class=\"c x555 y135d w3dc h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _65\"> </span></div></td><td class=\"c x556 y135d w3dd h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x423 y135d w3de h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _65\"> </span></div></td><td class=\"c x557 y135d w3dd h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x558 y135e w3df h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"_ _65\"> </span></div></td><td class=\"c x559 y135e w3e0 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td class=\"c x55a y135e w3e1 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"_ _65\"> </span></div></td><td class=\"c x55b y135e w3e0 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x554 y135f w188 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Celulosa </div></td><td class=\"c x552 y135f wc4 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">119.000 </div></td><td class=\"c x55c y135f w18b h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.781 </div></td><td class=\"c x553 y135f wc4 h24\"><div class=\"t_1 m0_1 x22 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">119.000 </div></td><td class=\"c x55d y135f w18b h24\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">85.977 </div></td></tr><tr><td class=\"c x554 y1360 w188 h7f\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Renovables </div></td><td class=\"c x552 y1360 wc4 h7f\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.400 </div></td><td class=\"c x55c y1360 w18b h7f\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.947 </div></td><td class=\"c x553 y1360 wc4 h7f\"><div class=\"t_1 m0_1 x11 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.400 </div></td><td class=\"c x55d y1360 w18b h7f\"><div class=\"t_1 m0_1 xe8 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x552 y1361 wc4 he4\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.400<span class=\"ls0_1\"> </span></div></td><td class=\"c x55c y1361 w18b he4\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">108.728<span class=\"ls0_1\"> </span></div></td><td class=\"c x553 y1361 wc4 he4\"><div class=\"t_1 m0_1 x22 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.400<span class=\"ls0_1\"> </span></div></td><td class=\"c x55d y1361 w18b he4\"><div class=\"t_1 m0_1 xcb h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">85.977<span class=\"ls0_1\"> </span></div></td></tr></table>El coste financiero<span class=\"_ _3\"></span> asociado a lo<span class=\"_ _3\"></span>s cr\u00e9ditos vend<span class=\"_ _3\"></span>idos se estab<span class=\"_ _3\"></span>lece en el Euribo<span class=\"_ _3\"></span>r a 3 meses <span class=\"_ _3\"></span>m\u00e1s un diferencial<span class=\"_ _3\"></span> en <span class=\"_ _d\"></span>el entorno <span class=\"_ _d\"></span>del <span class=\"ls10\">1%<span class=\"_ _2\"></span><span class=\"ls3d\">. <span class=\"_ _d\"></span><span class=\"ls0_1\">Los saldos <span class=\"_ _d\"></span>comerciales<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>no factorizados <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>2<span class=\"_ _3\"></span>025 se <span class=\"_ _d\"></span>prev\u00e9n <span class=\"_ _2\"></span>recuperar </span></span></span>mediante su cobro a<span class=\"_ _3\"></span>l deudor, y no mediante s<span class=\"_ _3\"></span>u venta<span class=\"_ _3\"></span>.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "26.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Acreedores comerciales y otras cuentas a pagar </span></span>La <span class=\"_ _0\"></span>composici\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _f\"></span>ep\u00ed<span class=\"_ _3\"></span>grafe <span class=\"_ _0\"></span>\u201cAcreedores<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>otras <span class=\"_ _0\"></span>cuentas <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>pagar\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estad<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de Situaci\u00f3n Financiera con<span class=\"_ _3\"></span>solidado al cierre de los<span class=\"_ _3\"></span> ejercicios 202<span class=\"_ _3\"></span>5 y 2024 es la<span class=\"_ _3\"></span> siguiente:<table class=\"s w3e2 h1cf\" id=\"_4e44c4e8-a979-4131-b8ac-5a9467e30c1a\"><tr><td class=\"c x4c3 y1362 w18c he6\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros  </div></td><td class=\"c x55e y1362 w9c he6\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x55f y1362 wdb he6\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x4c3 y1363 w18c h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores comerciales y otras cuentas a pagar </div></td><td class=\"c x55e y1363 w9c h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"lsd\">65</span>.<span class=\"lsd\">996</span> </div></td><td class=\"c x55f y1363 wdb h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">180.865 </div></td></tr><tr><td class=\"c x4c3 y1364 w18c h1d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Empresas del grupo y vinculadas, acreedores (Nota 34) </div></td><td class=\"c x55e y1364 w9c h1d\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2<span class=\"lsc\">.8<span class=\"lsd\">11</span></span> </div></td><td class=\"c x55f y1364 wdb h1d\"><div class=\"t_1 m0_1 x1_1 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.821 </div></td></tr><tr><td class=\"c x4c3 y1365 w18c h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Proveedores de inmovilizado </div></td><td class=\"c x55e y1365 w9c h57\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\">.</span>873<span class=\"ls0_1\"> </span></div></td><td class=\"c x55f y1365 wdb h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.263 </div></td></tr><tr><td class=\"c x4c3 y1366 w18c h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Remuneraciones pendientes de pago </div></td><td class=\"c x55e y1366 w9c h25\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.<span class=\"lsd\">241</span> </div></td><td class=\"c x55f y1366 wdb h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.905 </div></td></tr><tr><td></td><td class=\"c x55e y1367 w9c h25\"><div class=\"t_1 m0_1 x19 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2<span class=\"lsd\">22</span>.<span class=\"lsd\">921</span> </div></td><td class=\"c x55f y1367 wdb h25\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">217.854<span class=\"ls0_1\"> </span></div></td></tr></table>26.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Confirming </span></span>El Grupo tiene formalizado co<span class=\"_ _3\"></span>ntratos<span class=\"_ _3\"></span> de confirming sin recurso, d<span class=\"_ _3\"></span>e acuerdo al siguiente detalle:<span class=\"_ _f\"></span> <table class=\"s w3e3 h1d0\" id=\"_d8a786b6-dfb9-4cba-a012-c775525acd22\"><tr><td></td><td></td><td class=\"c x561 y1368 w18e he8\"><div class=\"t_1 m0_1 x15 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x562 y1368 w91 he8\"><div class=\"t_1 m0_1 x57 h58 y73a ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x563 y1369 w188 h59\"><div class=\"t_1 m0_1 x10 h20 y9d1 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mn \u20ac<span class=\"ff3\"> </span></div></td><td class=\"c x564 y136a w3dc h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _65\"> </span></div></td><td class=\"c x565 y136a w3dd h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x566 y136a w3de h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _65\"> </span></div></td><td class=\"c x567 y136a w3dd h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x568 y136b w3df h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"_ _65\"> </span></div></td><td class=\"c x569 y136b w3e0 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td class=\"c x56a y136b w3e1 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"_ _65\"> </span></div></td><td class=\"c x56b y136b w3e0 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x563 y136c w188 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Celulosa </div></td><td class=\"c x561 y136c w18f h24\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">110.000 </div></td><td class=\"c x56c y136c wfa h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">64.470 </div></td><td class=\"c x562 y136c w85 h24\"><div class=\"t_1 m0_1 x2_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">134.500 </div></td><td class=\"c x56d y136c w19 h24\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.745 </div></td></tr><tr><td class=\"c x563 y136d w188 h7f\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Renovables </div></td><td class=\"c x561 y136d w18f h7f\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.500 </div></td><td class=\"c x56c y136d wfa h7f\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.142 </div></td><td class=\"c x562 y136d w85 h7f\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">49.000 </div></td><td class=\"c x56d y136d w19 h7f\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23.441 </div></td></tr><tr><td></td><td class=\"c x561 y136e w18f h66\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">149.500<span class=\"ls0_1\"> </span></div></td><td class=\"c x56c y136e wfa h66\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">78.612<span class=\"ls0_1\"> </span></div></td><td class=\"c x562 y136e w85 h66\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">183.500<span class=\"ls0_1\"> </span></div></td><td class=\"c x56d y136e w19 h66\"><div class=\"t_1 m0_1 x2f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">83.186<span class=\"ls0_1\"> </span></div></td></tr></table>Los <span class=\"_ _f\"></span>saldos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>derivados <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>utilizaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>l\u00edneas <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>confirming <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>clas<span class=\"_ _3\"></span>ifican <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>deu<span class=\"_ _3\"></span>da <span class=\"_ _f\"></span>comercial. <span class=\"_ _f\"></span>Las<span class=\"_ _3\"></span> l\u00edneas <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>confirming <span class=\"_ _0\"></span>contratadas <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>ENCE <span class=\"_ _f\"></span>no <span class=\"_ _0\"></span>contemplan <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>establecimiento <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>garant<span class=\"_ _3\"></span>\u00edas, <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>alteran <span class=\"_ _0\"></span>el<span class=\"_ _65\"> </span>periodo <span class=\"_ _13\"> </span>medio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>pago  acordado  con <span class=\"_ _10\"> </span>los  proveedores  y<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>devengan <span class=\"_ _13\"> </span>coste <span class=\"_ _10\"> </span>financie<span class=\"_ _3\"></span>ro <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>f<span class=\"_ _2\"></span>avor <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>las entidades financieras o<span class=\"_ _3\"></span>torgantes de las<span class=\"_ _3\"></span> l\u00edneas. 26.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Informaci\u00f3n sobre el Period<span class=\"_ _2\"></span>o Medio de Pago a p<span class=\"_ _2\"></span>roveedores </span></span>La informaci\u00f3n sob<span class=\"_ _3\"></span>re el periodo medio <span class=\"_ _3\"></span>de pago se ha <span class=\"_ _3\"></span>elabora<span class=\"_ _3\"></span>do de acuerdo a la L<span class=\"_ _3\"></span>ey 15/2010, p<span class=\"_ _3\"></span>or la que se<span class=\"_ _3\"></span> establecen  medidas  de <span class=\"_ _13\"> </span>lucha  contra  la <span class=\"_ _13\"> </span>morosidad  de  las  operaciones  comerciales,  las <span class=\"_ _13\"> </span>modificaciones establecidas en <span class=\"_ _d\"></span>la Ley <span class=\"_ _d\"></span>18/2022, de <span class=\"_ _d\"></span>28 de<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>septiembre, de <span class=\"_ _d\"></span>creaci\u00f3n y <span class=\"_ _d\"></span>crecimiento de <span class=\"_ _d\"></span>empres<span class=\"_ _3\"></span>as <span class=\"_ _2\"></span>y la <span class=\"_ _d\"></span>Disposici\u00f3n final <span class=\"_ _0\"></span>segunda <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>1/2014, <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>3 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>ha <span class=\"_ _10\"></span>sido <span class=\"_ _0\"></span>preparada <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>licando <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Resoluci\u00f3n <span class=\"_ _0\"></span>del Instituto d<span class=\"_ _3\"></span>e Contabilidad y Auditor\u00eda de Cuenta<span class=\"_ _3\"></span>s de fecha 29 de enero d<span class=\"_ _3\"></span>e 2016. <span class=\"_ _f\"></span> El periodo medio de p<span class=\"_ _3\"></span>ago es el siguiente:<span class=\"_ _3\"></span> <table class=\"s w3e4 h1d1\" id=\"_af940925-d801-4d4e-9e60-a7cd59955b86\"><tr><td></td><td></td><td class=\"c x56e y136f wd7 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00edas </div></td></tr><tr><td></td><td class=\"c x56e y1370 wb7 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x56f y1370 w25 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x563 y1371 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Periodo Medio de pago a proveedores (D\u00edas) </div></td><td class=\"c x56e y1371 wb7 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td><td class=\"c x56f y1371 w25 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">57<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x563 y1372 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ratio de operaciones pagadas (D\u00edas) </div></td><td class=\"c x56e y1372 wb7 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58 </div></td><td class=\"c x56f y1372 w25 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">59<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x563 y1373 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ratio de operaciones pendientes (D\u00edas) </div></td><td class=\"c x56e y1373 wb7 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43 </div></td><td class=\"c x56f y1373 w25 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">46<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x56e y1374 wd7 h5c\" colspan=\"2\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td></tr><tr><td class=\"c x563 y1375 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total pagos realizados </div></td><td class=\"c x56e y1375 wb7 h24\"><div class=\"t_1 m0_1 x2a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">778.526 </div></td><td class=\"c x56f y1375 w25 h24\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">750.443  </div></td></tr><tr><td class=\"c x563 y1376 w190 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total pagos pendientes </div></td><td class=\"c x56e y1376 wb7 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">94.248 </div></td><td class=\"c x56f y1376 w25 h24\"><div class=\"t_1 m0_1 x56 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">114.366 </div></td></tr></table>Se <span class=\"_ _d\"></span>detallan<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>a continuaci\u00f3n <span class=\"_ _d\"></span>l<span class=\"_ _3\"></span>as <span class=\"_ _d\"></span>facturas <span class=\"_ _2\"></span>pagadas <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>periodo <span class=\"_ _2\"></span>inferior <span class=\"_ _d\"></span>al m\u00e1xim<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>establecido<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>normativa de morosidad:<table class=\"s w3e5 h1d2\" id=\"_03f4993e-c0c5-4fad-ae39-9ee3d070e6a3\"><tr><td></td><td></td><td class=\"c x571 y1377 w192 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x572 y1377 w192 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x573 y1378 w191 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></td><td class=\"c x571 y1378 wc0 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Importe </div></td><td class=\"c x574 y1378 w193 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">% </div></td><td class=\"c x572 y1378 wc0 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Importe </div></td><td class=\"c x575 y1378 w193 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">% </div></td></tr><tr><td class=\"c x573 y1379 w191 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pagos realizados  </div></td><td class=\"c x571 y1379 wc0 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">512.449  </div></td><td class=\"c x574 y1379 w193 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">66%<span class=\"ls0_1\"> </span></div></td><td class=\"c x572 y1379 wc0 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">478.233  </div></td><td class=\"c x575 y1379 w193 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">64%<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x573 y137a w191 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00ba facturas pagadas </div></td><td class=\"c x571 y137a wc0 h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">45.208 </div></td><td class=\"c x574 y137a w193 h24\"><div class=\"t_1 m0_1 x3a h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">72<span class=\"ls0_1\">%</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x572 y137a wc0 h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">41.531 </div></td><td class=\"c x575 y137a w193 h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">66%<span class=\"ls0_1\"> </span></div></td></tr></table>Las especificaciones con q<span class=\"_ _3\"></span>ue se ha elaborad<span class=\"_ _3\"></span>o dicha informaci\u00f3n s<span class=\"_ _3\"></span>on las siguientes:<span class=\"_ _3\"></span> Se <span class=\"_ _d\"></span>entender\u00e1 por <span class=\"_ _d\"></span>\u201cPeriodo <span class=\"_ _2\"></span>medio <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>pago <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>proveedores\u201d <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>plazo <span class=\"_ _2\"></span>que <span class=\"_ _d\"></span>trans<span class=\"_ _3\"></span>curre <span class=\"_ _d\"></span>desde <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>entrega <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>bienes o <span class=\"_ _2\"></span>prestaci\u00f3n de <span class=\"_ _d\"></span>servicios a <span class=\"_ _d\"></span>cargo del <span class=\"_ _d\"></span>proveedor hasta <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ago <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>operaci\u00f3n. <span class=\"_ _2\"></span>Dicho <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>calcula <span class=\"_ _2\"></span>como el <span class=\"_ _3\"></span>cociente <span class=\"_ _f\"></span>formado <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>numerador <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>sumatorio <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>ratio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>operaciones <span class=\"_ _f\"></span>pagadas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>importe total de <span class=\"_ _3\"></span>los pagos <span class=\"_ _3\"></span>realizados m\u00e1s <span class=\"_ _3\"></span>la ra<span class=\"_ _3\"></span>tio de <span class=\"_ _3\"></span>operaciones pendientes <span class=\"_ _3\"></span>de pago <span class=\"_ _3\"></span>por el <span class=\"_ _3\"></span>importe total d<span class=\"_ _3\"></span>e pagos pendientes y, en el d<span class=\"_ _3\"></span>enominador, por el importe tota<span class=\"_ _3\"></span>l de pagos realizado<span class=\"_ _3\"></span>s y los pagos<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>endientes. Ratio de operacion<span class=\"_ _3\"></span>es pagadas<span class=\"_ _3\"></span>: importe en d\u00edas r<span class=\"_ _3\"></span>esultante d<span class=\"_ _3\"></span>el cociente entre <span class=\"_ _3\"></span>el sumatorio d<span class=\"_ _3\"></span>e los producto<span class=\"_ _3\"></span>s del importe de <span class=\"_ _2\"></span>cada una de la<span class=\"_ _2\"></span>s operaciones pagadas por el <span class=\"_ _2\"></span>n\u00famero de d\u00edas de <span class=\"_ _2\"></span>pago y e<span class=\"_ _2\"></span>l importe <span class=\"_ _2\"></span>total de los pagos realizados<span class=\"_ _3\"></span> en el ejercicio. Ratio de operaciones pendientes de pago: im<span class=\"_ _2\"></span>porte en d\u00edas r<span class=\"_ _2\"></span>esultante del cociente entre <span class=\"_ _2\"></span>el sumatorio de los productos <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>operaci\u00f3n <span class=\"_ _f\"></span>pendiente <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>pago <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>n\u00famero <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>d\u00edas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pendientes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>pago <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el importe total de los p<span class=\"_ _3\"></span>agos pendientes.<span class=\"_ _3\"></span> Quedan <span class=\"_ _10\"></span>fuera <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>\u00e1mbito<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>ob<span class=\"_ _3\"></span>ligaciones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>pago <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>hayan<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sido <span class=\"_ _10\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>retenc<span class=\"_ _3\"></span>i\u00f3n, saldos con<span class=\"_ _3\"></span> organismos p\u00fablicos, y pagos<span class=\"_ _3\"></span> domiciliados.<span class=\"_ _3\"></span> Este d<span class=\"_ _3\"></span>esglose de <span class=\"_ _3\"></span>informaci\u00f3n <span class=\"_ _3\"></span>correspondiente <span class=\"_ _3\"></span>a entidad<span class=\"_ _3\"></span>es espa\u00f1<span class=\"_ _3\"></span>olas incluid<span class=\"_ _3\"></span>as en <span class=\"_ _3\"></span>el conju<span class=\"_ _3\"></span>nto con<span class=\"_ _3\"></span>solidable una vez eliminados<span class=\"_ _3\"></span> los cr\u00e9ditos y d<span class=\"_ _3\"></span>\u00e9bitos rec\u00edprocos de las empresas<span class=\"_ _3\"></span> dependientes.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "27.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Activos financieros </span></span>27.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Efectivo y otros activo<span class=\"_ _2\"></span>s l\u00edquidos equ<span class=\"_ _2\"></span>ivalentes </span></span>El  ep\u00edgrafe <span class=\"_ _13\"> </span>\u201c<span class=\"ff3\">Efectivo<span class=\"ff2\">  </span></span>y <span class=\"_ _13\"> </span>otros  activos <span class=\"_ _13\"> </span>l\u00edquidos  equivalentes\u201d<span class=\"ff3\">  incluye  la <span class=\"_ _13\"> </span>tesorer\u00eda  del <span class=\"_ _13\"> </span>Grupo  y <span class=\"_ _13\"> </span>dep\u00f3sitos </span>bancarios a co<span class=\"_ _3\"></span>rto plazo con un vencimiento inicial d<span class=\"_ _3\"></span>e tres meses o u<span class=\"_ _3\"></span>n plazo inferior<span class=\"_ _3\"></span>. E<span class=\"_ _3\"></span>l importe en libros de estos activos<span class=\"_ _3\"></span> se aproxima a su valor ra<span class=\"_ _3\"></span>zonable.  27.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Otros activos financieros<span class=\"_ _2\"></span> </span></span>El detalle <span class=\"_ _2\"></span>de este <span class=\"_ _2\"></span>ep\u00edgrafe del Estado de <span class=\"_ _2\"></span>Situaci\u00f3n Financiera consolidado al <span class=\"_ _2\"></span>31 de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre de 202<span class=\"_ _3\"></span>5 y <span class=\"_ _2\"></span>2024 es el siguiente: 31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 31/12/202<span class=\"ls0_1\">4 </span><table class=\"s w3e6 h1d3\" id=\"_def3a8e0-ae53-45bb-8117-d70779fc7d81\"><tr><td class=\"c x23a y137b w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x576 y137b w197 h57\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></td><td class=\"c x577 y137b w198 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo </div></td><td class=\"c x578 y137b w199 h57\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></td><td class=\"c x579 y137b w198 h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo </div></td></tr><tr><td class=\"c x23a y137c w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor de ajuste por desviaciones (Nota 29) </div></td><td class=\"c x576 y137c w197 h57\"><div class=\"t_1 m0_1 xcb h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">-</span>  <span class=\"ls0_1\"> </span></div></td><td class=\"c x577 y137c w198 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\"> -  </span></div></td><td class=\"c x578 y137c w199 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x579 y137c w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">22.837  </span></div></td></tr><tr><td class=\"c x23a y137d w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contrato de liquidez acci\u00f3n Ence (Nota 21.5) </div></td><td class=\"c x576 y137d w197 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"lsd\">657<span class=\"ls0_1\">  </span></span></div></td><td class=\"c x577 y137d w198 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x578 y137d w199 h57\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">1.786  </span></div></td><td class=\"c x579 y137d w198 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x23a y137e w5b h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Nota 4) </div></td><td class=\"c x576 y137e w197 h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">13.462  </span></div></td><td class=\"c x577 y137e w198 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">1.453  </span></div></td><td class=\"c x578 y137e w199 h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">12.971  </span></div></td><td class=\"c x579 y137e w198 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">6.965  </span></div></td></tr><tr><td class=\"c x23a y137f w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cr\u00e9ditos por subarriendos de maquinaria </div></td><td class=\"c x576 y137f w197 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x577 y137f w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">8<span class=\"lsc\">.6<span class=\"lsd\">89</span></span>  </span></div></td><td class=\"c x578 y137f w199 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x579 y137f w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">6.606  </span></div></td></tr><tr><td class=\"c x23a y1380 w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo para cobertura de deuda financiera </div></td><td class=\"c x576 y1380 w197 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x577 y1380 w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">11.451  </span></div></td><td class=\"c x578 y1380 w199 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x579 y1380 w198 h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">10.000  </span></div></td></tr><tr><td class=\"c x23a y1381 w5b h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dep\u00f3sitos, fianzas y otras cuentas por cobrar </div></td><td class=\"c x576 y1381 w197 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">1.813  </span></div></td><td class=\"c x577 y1381 w198 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">2.811  </span></div></td><td class=\"c x578 y1381 w199 h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">11.769  </span></div></td><td class=\"c x579 y1381 w198 h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.001  </span></div></td></tr><tr><td></td><td class=\"c x576 y1382 w197 h57\"><div class=\"t_1 m0_1 x50 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"lsd\">15.932<span class=\"ls0_1\">  </span></span></div></td><td class=\"c x577 y1382 w198 h57\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">24.40<span class=\"ls0_1\">4</span><span class=\"ls0_1\">  </span></span></div></td><td class=\"c x578 y1382 w199 h57\"><div class=\"t_1 m0_1 x50 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"lsd\">26.526 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x579 y1382 w198 h57\"><div class=\"t_1 m0_1 x2a h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">50.409</span><span class=\"lsd\"> <span class=\"ls0_1\"> </span></span></div></td></tr></table>La cuenta \u201cEfectivo p<span class=\"_ _3\"></span>ara cobertu<span class=\"_ _3\"></span>ras de deuda finan<span class=\"_ _3\"></span>ciera\u201d incluy<span class=\"_ _3\"></span>e tesorer\u00eda destinada a <span class=\"_ _3\"></span>cubrir la ob<span class=\"_ _3\"></span>ligaci\u00f3n, establecida <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la finan<span class=\"_ _3\"></span>ciaci\u00f3n del <span class=\"_ _f\"></span>Negocio E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _3\"></span>Renovable, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>man<span class=\"_ _3\"></span>tener <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>m\u00ednimo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponible de <span class=\"ff6\">10 mill<span class=\"_ _2\"></span>ones \u20ac<span class=\"ff3\">. As\u00edmismo, incluye tesorer\u00eda destinada a cubrir la obligaci\u00f3n, establecida e<span class=\"_ _2\"></span>n la financiaci\u00f3n </span></span>de la <span class=\"_ _2\"></span>planta de <span class=\"_ _2\"></span>biometano adquirida en <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de 2024 (V\u00e9ase <span class=\"_ _2\"></span>nota 6), de m<span class=\"_ _2\"></span>antener un efectivo <span class=\"_ _2\"></span>m\u00ednimo disponible de 1,5 millon<span class=\"_ _3\"></span>es \u20ac.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "La cuenta \u201cEfectivo p<span class=\"_ _3\"></span>ara cobertu<span class=\"_ _3\"></span>ras de deuda finan<span class=\"_ _3\"></span>ciera\u201d incluy<span class=\"_ _3\"></span>e tesorer\u00eda destinada a <span class=\"_ _3\"></span>cubrir la ob<span class=\"_ _3\"></span>ligaci\u00f3n, establecida <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la finan<span class=\"_ _3\"></span>ciaci\u00f3n del <span class=\"_ _f\"></span>Negocio E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _3\"></span>Renovable, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>man<span class=\"_ _3\"></span>tener <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>efectivo <span class=\"_ _3\"></span>m\u00ednimo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>isponible de <span class=\"ff6\">10 mill<span class=\"_ _2\"></span>ones \u20ac<span class=\"ff3\">. As\u00edmismo, incluye tesorer\u00eda destinada a cubrir la obligaci\u00f3n, establecida e<span class=\"_ _2\"></span>n la financiaci\u00f3n </span></span>de la <span class=\"_ _2\"></span>planta de <span class=\"_ _2\"></span>biometano adquirida en <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de 2024 (V\u00e9ase <span class=\"_ _2\"></span>nota 6), de m<span class=\"_ _2\"></span>antener un efectivo <span class=\"_ _2\"></span>m\u00ednimo disponible de 1,5 millon<span class=\"_ _3\"></span>es \u20ac.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Deuda financiera </span></span>La composici\u00f3n d<span class=\"_ _3\"></span>e la deuda financiera al <span class=\"_ _3\"></span>cierre de los<span class=\"_ _3\"></span> ejercicios 2025 <span class=\"ls17\">y <span class=\"ls10\">202</span></span>4 es la s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _3\"></span> <table class=\"s w3e7 h1d4\" id=\"_d46f172a-7a47-4a67-9c5c-f009d87eeb2e\"><tr><td></td><td></td><td class=\"c x57b y1383 w19b haa\"><div class=\"t_1 m0_1 x1f h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo no corriente </div></td><td></td><td class=\"c x57c y1383 w19c haa\"><div class=\"t_1 m0_1 x30 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo corriente </div></td></tr><tr><td class=\"c x57d y1384 w19a haa\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x57b y1384 w2a haa\"><div class=\"t_1 m0_1 x2a h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x57e y1384 w198 haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x57c y1384 w198 haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x57f y1384 w19d haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x57d y1385 w19a h72\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones y otros valores negociables </div><div class=\"t_1 m0_1 x10 h20 ya15 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></td><td class=\"c x57b y1385 w2a h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 31.343  </div></td><td class=\"c x57e y1385 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">15.574  </span></div></td><td class=\"c x57c y1385 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">45.183  </span></div></td><td class=\"c x57f y1385 w19d h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">57.987  </span></div></td></tr><tr><td class=\"c x57d y1386 w19a ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas con entidades de cr\u00e9dito </div></td><td class=\"c x57b y1386 w2a ha2\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 373.953  </div></td><td class=\"c x57e y1386 w198 ha2\"><div class=\"t_1 m0_1 xf h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">353.390  </span></div></td><td class=\"c x57c y1386 w198 ha2\"><div class=\"t_1 m0_1 x31 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">77.212  </span></div></td><td class=\"c x57f y1386 w19d ha2\"><div class=\"t_1 m0_1 x31 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">88.743  </span></div></td></tr><tr><td class=\"c x57d y1387 w19a h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros </div></td><td class=\"c x57b y1387 w2a h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 75.272  </div></td><td class=\"c x57e y1387 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">77.477  </span></div></td><td class=\"c x57c y1387 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">16.508  </span></div></td><td class=\"c x57f y1387 w19d h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">15.478  </span></div></td></tr><tr><td class=\"c x57d y1388 w19a hcf\"><div class=\"t_1 m0_1 x39 h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x57b y1388 w2a hcf\"><div class=\"t_1 m0_1 x1f h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">480.568 </span> </div></td><td class=\"c x57e y1388 w198 hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">446.441 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x57c y1388 w198 hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">138.903 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x57f y1388 w19d hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">162.208 <span class=\"ls0_1\"> </span></span></div></td></tr></table>28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Deudas con entidades de cr\u00e9d<span class=\"_ _2\"></span>ito y mercado de<span class=\"_ _2\"></span> capitales </span></span>La <span class=\"_ _2\"></span>composici\u00f3n de <span class=\"_ _d\"></span>las deudas <span class=\"_ _d\"></span>con entidades <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _2\"></span>y 2024<span class=\"_ _2\"></span>, correspondientes a pr\u00e9stamos y<span class=\"_ _3\"></span> l\u00edneas de descuento, clasificadas<span class=\"_ _3\"></span> de acuerdo con s<span class=\"_ _3\"></span>us vencimientos, es la s<span class=\"_ _3\"></span>iguiente<span class=\"_ _3\"></span>:<div class=\"gs31\"><table class=\"s w3e8 h1d5\" id=\"_9f2d162d-0a0d-4906-9e94-7cfd6630207d\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x580 y1389 w1a2 haa\"><div class=\"t_1 m0_1 x4_1 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td></tr><tr><td class=\"c x227 y138a w19f hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x580 y138a w51 hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td></td><td class=\"c x516 y138a w1a4 hef\"><div class=\"t_1 m0_1 xd8 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td></tr><tr><td class=\"c x227 y138b w19f h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x581 y138b w1a0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite </div></td><td class=\"c x582 y138c w3b1 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x580 y138b w51 h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y138b w1a5 h86\"><div class=\"t_1 m0_1 x2a h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y138b wee h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y138b wf3 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y138b w1a6 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td></td><td></td><td class=\"c x586 y138d w3e9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y138f w3ea h1d6\"><div class=\"t_1 m0_1 x1c9 h20 y138e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y1390 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td><td class=\"c x587 y1390 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td><td class=\"c x580 y1390 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">45.183 </div></td><td class=\"c x516 y1390 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.343 </div></td><td class=\"c x583 y1390 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1390 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1390 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1391 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving </div></td><td class=\"c x581 y1391 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">130.000 </div></td><td class=\"c x587 y1391 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y1391 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y1391 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1391 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1391 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1391 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1392 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y1392 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">285.846 </div></td><td class=\"c x587 y1392 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">285.846 </div></td><td class=\"c x580 y1392 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">64.769 </div></td><td class=\"c x516 y1392 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58.244 </div></td><td class=\"c x583 y1392 wee h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">81.137 </div></td><td class=\"c x584 y1392 wf3 h24\"><div class=\"t_1 m0_1 xf h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.414 </div></td><td class=\"c x585 y1392 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">50.282 </div></td></tr><tr><td class=\"c x227 y1393 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y1393 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y1393 w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.261) </div></td><td class=\"c x580 y1393 w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(327) </div></td><td class=\"c x516 y1393 w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(327) </div></td><td class=\"c x583 y1393 wee h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(258) </div></td><td class=\"c x584 y1393 wf3 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(220) </div></td><td class=\"c x585 y1393 w1a6 h24\"><div class=\"t_1 m0_1 x3a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">129</span>) </div></td></tr><tr><td class=\"c x227 y1394 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y1394 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y1394 w1a1 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td><td class=\"c x580 y1394 w51 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td><td class=\"c x516 y1394 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1394 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1394 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1394 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y1395 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">492.372<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y1395 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">362.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y1395 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">111.128<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y1395 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.260<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y1395 wee h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">80.879<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y1395 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.194<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y1395 w1a6 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">50.153<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y1396 w3eb h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y1397 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.000 </div></td><td class=\"c x587 y1397 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y1397 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y1397 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1397 wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1397 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1397 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1398 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y1398 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.586 </div></td><td class=\"c x587 y1398 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.586 </div></td><td class=\"c x580 y1398 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x516 y1398 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></td><td class=\"c x583 y1398 wee h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.608 </div></td><td class=\"c x584 y1398 wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.928 </div></td><td class=\"c x585 y1398 w1a6 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">111.794 </div></td></tr><tr><td class=\"c x227 y1399 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Project Finance-Planta Biometano </div></td><td class=\"c x581 y1399 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.259 </div></td><td class=\"c x587 y1399 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.259 </div></td><td class=\"c x580 y1399 w51 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y1399 w1a5 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">477<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y1399 wee h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.007 </div></td><td class=\"c x584 y1399 wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.015 </div></td><td class=\"c x585 y1399 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.719 </div></td></tr><tr><td class=\"c x227 y139a w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y139a w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y139a w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.791) </div></td><td class=\"c x580 y139a w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(766) </div></td><td class=\"c x516 y139a w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x583 y139a wee h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x584 y139a wf3 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x585 y139a w1a6 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.514) </div></td></tr><tr><td class=\"c x227 y139b w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y139b w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y139b w1a1 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139b w51 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139b w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y139b wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y139b wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y139b w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y139c w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">189.845<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y139c w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">165.076<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139c w51 h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.265<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139c w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.928<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y139c wee h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.778<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y139c wf3 h24\"><div class=\"t_1 m0_1 xf h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.106<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y139c w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">121.999<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x581 y139d w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">682.217<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y139d w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">527.690<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139d w51 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">122.393<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139d w1a5 h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">100.188<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y139d wee h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">91.657<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y139d wf3 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">41.300<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y139d w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">172.152<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x580 y139e w1a2 haa\" colspan=\"2\"><div class=\"t_1 m0_1 x4_1 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td></tr><tr><td class=\"c x227 y139f w19f hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x580 y139f w51 hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td class=\"c x516 y139f w1a4 hef\" colspan=\"2\"><div class=\"t_1 m0_1 xd8 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td></tr><tr><td class=\"c x227 y13a0 w19f h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x581 y13a0 w1a0 h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite </div></td><td class=\"c x582 y13a1 w3b1 h1d7\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x580 y13a0 w51 h87\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13a0 w1a5 h87\"><div class=\"t_1 m0_1 x2a h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13a0 wee h87\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2027<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13a0 wf3 h87\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13a0 w1a6 h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td></td><td></td><td class=\"c x586 y13a2 w3e9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13a3 w3ea h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y13a4 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x587 y13a4 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x580 y13a4 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57.987 </div></td><td class=\"c x516 y13a4 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.574 </div></td><td class=\"c x583 y13a4 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a4 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a4 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13a5 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving </div></td><td class=\"c x581 y13a5 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">130.000 </div></td><td class=\"c x587 y13a5 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y13a5 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y13a5 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13a5 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a5 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a5 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13a6 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y13a6 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></td><td class=\"c x587 y13a6 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></td><td class=\"c x580 y13a6 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">75.598 </div></td><td class=\"c x516 y13a6 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78.957 </div></td><td class=\"c x583 y13a6 wee h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">67.306 </div></td><td class=\"c x584 y13a6 wf3 h24\"><div class=\"t_1 m0_1 xf h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.576 </div></td><td class=\"c x585 y13a6 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.746 </div></td></tr><tr><td class=\"c x227 y13a7 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y13a7 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13a7 w1a1 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(616) </div></td><td class=\"c x580 y13a7 w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(261) </div></td><td class=\"c x516 y13a7 w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(184) </div></td><td class=\"c x583 y13a7 wee h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(106) </div></td><td class=\"c x584 y13a7 wf3 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(44) </div></td><td class=\"c x585 y13a7 w1a6 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21) </div></td></tr><tr><td class=\"c x227 y13a8 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y13a8 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13a8 w1a1 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x580 y13a8 w51 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x516 y13a8 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13a8 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a8 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a8 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y13a9 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">481.743<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13a9 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">353.276<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13a9 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">135.473<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13a9 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.347<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13a9 wee h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">67.200<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13a9 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">40.532<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13a9 w1a6 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.725<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y13ab w3eb h1d8\"><div class=\"t_1 m0_1 x1c9 h20 y13aa ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y13ac w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.000 </div></td><td class=\"c x587 y13ac w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y13ac w51 h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y13ac w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13ac wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13ac wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13ac w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13ad w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y13ad w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.647 </div></td><td class=\"c x587 y13ad w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.552 </div></td><td class=\"c x580 y13ad w51 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x516 y13ad w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x583 y13ad wee h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></td><td class=\"c x584 y13ad wf3 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.572 </div></td><td class=\"c x585 y13ad w1a6 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">116.756 </div></td></tr><tr><td class=\"c x227 y13ae w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y13ae w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13ae w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.228) </div></td><td class=\"c x580 y13ae w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(804) </div></td><td class=\"c x516 y13ae w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x583 y13ae wee h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x584 y13ae wf3 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x585 y13ae w1a6 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.051) </div></td></tr><tr><td class=\"c x227 y13af w19f h5c\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y13af w1a0 h5c\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13af w1a1 h5c\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13af w51 h5c\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13af w1a5 h5c\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13af wee h5c\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13af wf3 h5c\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13af w1a6 h5c\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y13b0 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">187.552<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13b0 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.419<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13b0 w51 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.259<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13b0 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.177<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13b0 wee h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.497<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13b0 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.781<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13b0 w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">114.705<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x581 y13b1 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">669.295<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13b1 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">515.695<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13b1 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">146.732<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13b1 w1a5 h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">105.524<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13b1 wee h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">77.697<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13b1 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.313<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13b1 w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">130.430<span class=\"ls0_1\"> </span></div></td></tr></table></div><div class=\"c w3_1 h3d gs84\"><div class=\"t_1 m0_1 x39 h7_1 ya37 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d h7_1 y31c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Cada uno de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> negocios del <span class=\"_ _2\"></span>Grupo se <span class=\"_ _2\"></span>financia de <span class=\"_ _2\"></span>forma independiente del <span class=\"_ _2\"></span>otro. No <span class=\"_ _2\"></span>hay recurso o <span class=\"_ _2\"></span>garant\u00edas </div><div class=\"t_1 m0_1 x6d h7_1 ya38 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">significativas entre a<span class=\"_ _3\"></span>mbos.<span class=\"_ _65\"> </span> </div></div><div class=\"c w3_1 h3d gs86\"><div class=\"t_1 m0_1 x6d h7_1 y1d2 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _f\"></span>pagos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>intereses <span class=\"_ _f\"></span>previstos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>futuro<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>asociados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>\u201cDeudas <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>mercado <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 y1d3 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">capitales\u201d <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"> </span>\u2013<span class=\"ff3\"> <span class=\"_ _10\"></span></span>financiaci\u00f3n <span class=\"_ _10\"></span>organismos <span class=\"_ _10\"></span>p\u00fablicos\u201d, <span class=\"_ _10\"></span>considerando <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>niveles <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e </div><div class=\"t_1 m0_1 x6d h7_1 y1d4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">endeudamiento <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>tipos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _f\"></span>de mercad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>actuales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sin <span class=\"_ _f\"></span>considerar <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>erturas d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ter\u00e9s </div><div class=\"t_1 m0_1 x6d h7_1 y1f8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">contratadas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>situar\u00e1n <span class=\"_ _f\"></span>en el <span class=\"_ _3\"></span>ento<span class=\"_ _3\"></span>rno <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0-15 <span class=\"_ _3\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>en E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>Celulosa <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>en el <span class=\"_ _f\"></span>entorno <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span></span>8-9 </div><div class=\"t_1 m0_1 x6d h7_1 y219 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">millones \u20ac en ENCE Renov<span class=\"_ _3\"></span>ables.<span class=\"ff3\"> </span></div><div class=\"t_1 m0_1 x6d h7_1 y23e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _2\"></span>coste <span class=\"_ _2\"></span>medio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>ENCE en <span class=\"_ _2\"></span>2025 <span class=\"_ _d\"></span>y 2024 <span class=\"_ _d\"></span>ha <span class=\"_ _2\"></span>sido <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>4,32% y <span class=\"_ _d\"></span>4,7%, respectivamente<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>Por <span class=\"_ _2\"></span>negocios, </div><div class=\"t_1 m0_1 x6d h7_1 y23f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _f\"></span>Celulosa <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>tenido <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>coste <span class=\"_ _f\"></span>medio <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>dichos <span class=\"_ _f\"></span>periodos <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>3,87% <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4,50%, <span class=\"_ _f\"></span>respectiv<span class=\"_ _3\"></span>amente, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>ENCE </div><div class=\"t_1 m0_1 x6d h7_1 y240 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables d<span class=\"_ _3\"></span>el 5,38% y 5,<span class=\"ls10\">25</span>%,<span class=\"_ _3\"></span> respectivamente </div><div class=\"t_1 m0_1 x6d h7_1 y324 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"_ _f\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>empresas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegram<span class=\"_ _3\"></span>ente <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>obligacion<span class=\"_ _3\"></span>es </div><div class=\"t_1 m0_1 x6d h7_1 y242 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financieras <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cualquier <span class=\"_ _3\"></span>otro <span class=\"_ _3\"></span>tipo, <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>pudieran <span class=\"_ _3\"></span>dar <span class=\"_ _3\"></span>lugar <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>vencimiento <span class=\"_ _3\"></span>anticipado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>compromisos </div><div class=\"t_1 m0_1 x6d h7_1 y2bd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financieros.  </div><div class=\"t_1 m0_1 x6d h7_1 y244 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _19\"> </span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>ENCE <span class=\"_ _15\"> </span>no <span class=\"_ _19\"> </span>es<span class=\"_ _3\"></span>t\u00e1 <span class=\"_ _19\"> </span>su<span class=\"_ _3\"></span>jeta <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>n<span class=\"_ _3\"></span>ing\u00fan <span class=\"_ _19\"> </span>tipo <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>cl\u00e1us<span class=\"_ _3\"></span>ula <span class=\"_ _19\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _19\"> </span>implique <span class=\"_ _15\"> </span>su <span class=\"_ _19\"> </span>modificaci\u00f3n <span class=\"_ _15\"> </span>o </div><div class=\"t_1 m0_1 x6d h7_1 y300 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">renegociaci\u00f3n como cons<span class=\"_ _3\"></span>ecuencia de una <span class=\"_ _3\"></span>variaci\u00f3n en la calificaci\u00f3n crediticia<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _3\"></span></span> </div><div class=\"t_1 m0_1 x6d hd y8a4 ff2 fs0_1 fc2 sc0_1 ls0_1 ws0_1\">Endeuda<span class=\"_ _2\"></span>miento Negocio Celulosa<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x6d h8_1 ya39 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones </div><div class=\"t_1 m0_1 x6d h7_1 ya3a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _0\"></span>9 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>octub<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>2023 <span class=\"_ _f\"></span>ENCE <span class=\"_ _0\"></span>incorp<span class=\"_ _3\"></span>or\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>agar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 ya3b ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Alternativo de <span class=\"_ _2\"></span>Renta Fija <span class=\"_ _2\"></span>(MARF) con <span class=\"_ _2\"></span>un l\u00edmite <span class=\"_ _d\"></span>m\u00e1xi<span class=\"_ _3\"></span>mo de <span class=\"_ _d\"></span>2<span class=\"_ _3\"></span>00 mill<span class=\"_ _2\"></span>ones \u20ac <span class=\"_ _2\"></span>y vencimientos de <span class=\"_ _2\"></span>hasta 24 <span class=\"_ _2\"></span>meses<span class=\"_ _3\"></span><span class=\"ff3 ls1f\">. </span></div><div class=\"t_1 m0_1 x6d h7_1 ya3c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _f\"></span>programa <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>renueva <span class=\"_ _f\"></span>anualmente, <span class=\"_ _f\"></span>siendo <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>\u00fa<span class=\"_ _3\"></span>ltima <span class=\"_ _f\"></span>renovaci\u00f3n <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>13 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>octubre <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>mismas </div><div class=\"t_1 m0_1 x6d h7_1 ya3d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">condiciones. E<span class=\"_ _3\"></span>l coste medio en p<span class=\"_ _3\"></span>ara el a\u00f1o 2025 fue del 3,33% (4,53<span class=\"_ _3\"></span>% para en el a\u00f1o 202<span class=\"_ _3\"></span>4).<span class=\"_ _3\"></span>  </div><div class=\"t_1 m0_1 x6d h8_1 ya3e ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9d<span class=\"_ _3\"></span>ito revolving </div><div class=\"t_1 m0_1 x21 h7_1 y7ed ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _3\"></span>mantiene <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>sind<span class=\"_ _3\"></span>icato <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ban<span class=\"_ _3\"></span>cos <span class=\"_ _3\"></span>nacion<span class=\"_ _3\"></span>ales <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>internacionales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trato <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _f\"></span>(revolving </div><div class=\"t_1 m0_1 x21 h7_1 ya3f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">credit <span class=\"_ _3\"></span>facility) <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>130 <span class=\"_ _3\"></span>millones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>euros <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>vencimiento <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2030. <span class=\"_ _3\"></span>Esta <span class=\"_ _3\"></span>l\u00ednea <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>deveng<span class=\"_ _3\"></span>a </div><div class=\"t_1 m0_1 x21 h7_1 ya40 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">un tipo<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>referenciado al <span class=\"_ _d\"></span>Euribo<span class=\"_ _3\"></span>r. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>l ti<span class=\"_ _2\"></span>po <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>establecido <span class=\"_ _2\"></span>podr\u00e1 verse <span class=\"_ _d\"></span>modificado anualmente </div><div class=\"t_1 m0_1 x21 h7_1 ya41 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"_ _d\"></span>25 puntos <span class=\"_ _d\"></span>b\u00e1sicos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>funci\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>rating <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>sostenib<span class=\"_ _3\"></span>ilidad <span class=\"_ _d\"></span>medioambiental <span class=\"_ _2\"></span>Ethifinance <span class=\"_ _2\"></span>obtenido <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>ENCE, </div><div class=\"t_1 m0_1 x21 h7_1 ya42 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _f\"></span>dicha <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>com<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>\u201cfinanciaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>verde\u201d. <span class=\"_ _3\"></span>Es<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>en s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>totali<span class=\"_ _f\"></span><span class=\"ff3\">dad <span class=\"_ _3\"></span>disp<span class=\"_ _3\"></span>onible <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 </span></div><div class=\"t_1 m0_1 x21 h7_1 ya43 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de diciembre de 2025.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h8_1 ya44 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos </div><div class=\"t_1 m0_1 x6d h7_1 ya45 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>suscritos<span class=\"_ _3\"></span> pr\u00e9stamos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>conjunto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>285 <span class=\"_ _3\"></span>millones \u20ac <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>vencim<span class=\"_ _3\"></span>ientos <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>2026 </div><div class=\"t_1 m0_1 x6d h7_1 y713 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">y 2033. <span class=\"_ _3\"></span>Una parte <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> pr\u00e9stamos <span class=\"_ _3\"></span>con un <span class=\"_ _3\"></span>nominal d<span class=\"_ _3\"></span>e 41,8 millones \u20ac <span class=\"_ _3\"></span>devenga <span class=\"_ _3\"></span>un tipo<span class=\"_ _3\"></span> de inter\u00e9s <span class=\"_ _3\"></span>fijo en <span class=\"_ _3\"></span>el </div><div class=\"t_1 m0_1 x6d h7_1 ya46 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">rango <span class=\"_ _3\"></span>1,95%<span class=\"_ _3\"></span>-4,6%. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>mporte <span class=\"_ _3\"></span>resta<span class=\"_ _3\"></span>nte <span class=\"_ _3\"></span>devenga <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nter<span class=\"_ _3\"></span>eses, <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>referenciados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>Euribor <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>un </div><div class=\"t_1 m0_1 x6d h7_1 y2d1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">diferencial <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el rango <span class=\"_ _d\"></span>1,10<span class=\"_ _3\"></span>%-2,05%. El <span class=\"_ _d\"></span>tipo de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>establecido en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>90% <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tos suscritos <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>odr\u00e1 </div><div class=\"t_1 m0_1 x6d h7_1 ya47 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">verse modificado a<span class=\"_ _3\"></span>nualmente en 25<span class=\"_ _3\"></span> puntos b<span class=\"_ _3\"></span>\u00e1sicos en funci\u00f3n<span class=\"_ _3\"></span> del rating de s<span class=\"_ _3\"></span>ostenibilidad<span class=\"_ _f\"></span> medioambiental </div><div class=\"t_1 m0_1 x6d h7_1 ya48 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de EthiFinance ob<span class=\"_ _3\"></span>tenido por ENCE.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x6d h7_1 ya49 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Al objeto de cubrir e<span class=\"_ _2\"></span>l riesgo derivado de <span class=\"_ _2\"></span>la contrataci\u00f3n de e<span class=\"_ _2\"></span>sta financiaci\u00f3n a tipo de int<span class=\"_ _2\"></span>er\u00e9s variable, ENCE </div><div class=\"t_1 m0_1 x6d h7_1 y16a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ha suscrito swaps de tipo de <span class=\"_ _2\"></span>inter\u00e9s que cubren el <span class=\"ls10\">52</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _2\"></span>variable, a un tipo </div><div class=\"t_1 m0_1 x6d h7_1 y5c2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">fijo medio de 3,24% (v\u00e9ase N<span class=\"_ _3\"></span>ota 30).<span class=\"_ _65\"> </span><span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x39 h7_1 ya4a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"_ _4\"> </span> </div></div>Financiaci\u00f3n Ne<span class=\"_ _2\"></span>gocio Energ\u00eda Ren<span class=\"_ _2\"></span>ovable Financiaci\u00f3n corpo<span class=\"_ _3\"></span>rativa Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _10\"> </span>11  de <span class=\"_ _10\"> </span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>20<span class=\"_ _3\"></span>24, <span class=\"_ _13\"> </span>Magnon <span class=\"_ _13\"> </span>Green <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>nergy, <span class=\"_ _13\"> </span>S.L. <span class=\"_ _13\"> </span>(e<span class=\"_ _2\"></span>n <span class=\"_ _13\"> </span>adelante <span class=\"_ _13\"> </span>\u201cMAGNON\u201d),  <span class=\"ff3\">aco<span class=\"_ _3\"></span>rd\u00f3 <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>un </span>sindicato formado <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _2\"></span>14 <span class=\"_ _2\"></span>entidades <span class=\"_ _2\"></span>un contrato <span class=\"_ _d\"></span>de pr\u00e9stamo <span class=\"_ _d\"></span>por un <span class=\"_ _2\"></span>importe<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>inicialmente <span class=\"_ _2\"></span>disponible<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>170 millones <span class=\"_ _d\"></span>\u20ac y <span class=\"_ _d\"></span>una <span class=\"_ _2\"></span>l\u00ednea <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>(RCF) <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>i<span class=\"_ _3\"></span>mporte <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>20 millones <span class=\"_ _d\"></span>\u20ac<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _2\"></span>Su <span class=\"_ _2\"></span>detalle <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31/12/2025 <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>iguiente: </span><table class=\"s w3ec h1d9\" id=\"_dfc3dd47-47ce-4b6b-9e01-c0ee874266be\"><tr><td></td><td></td><td class=\"c x589 y13b2 w31 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td class=\"c x58a y13b2 w1a9 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo de  </div></td></tr><tr><td></td><td class=\"c x589 y13b3 w1aa h96\"><div class=\"t_1 m0_1 xe h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disponible </div></td><td class=\"c x58b y13b3 w1ab h96\"><div class=\"t_1 m0_1 xe h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto </div></td><td class=\"c x58c y13b3 w1a8 h96\"><div class=\"t_1 m0_1 x2a h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x58a y13b3 w1a9 h96\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inter\u00e9s </div></td></tr><tr><td class=\"c x58d y13b4 w1a7 h5c\"><div class=\"t_1 m0_1 x10 h20 y73a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 1\u00ba </div></td><td class=\"c x589 y13b4 w1aa h5c\"><div class=\"t_1 m0_1 x3d h20 y73a ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">53.586  </span></div></td><td class=\"c x58b y13b4 w1ab h5c\"><div class=\"t_1 m0_1 x10 h20 y73a ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">53.586  </span></div></td><td class=\"c x58c y13b4 w1a8 h5c\"><div class=\"t_1 m0_1 xc h20 y73a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"lsd\">2031</span> </div></td><td class=\"c x58a y13b4 w1a9 h5c\"><div class=\"t_1 m0_1 x2a h20 y83 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2,00%-2,75% (i) </div></td></tr><tr><td class=\"c x58d y13b5 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 2\u00ba </div></td><td class=\"c x589 y13b5 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></td><td class=\"c x58b y13b5 w1ab h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></td><td class=\"c x58c y13b5 w1a8 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></td><td class=\"c x58a y13b5 w1a9 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3% (i) </div></td></tr><tr><td class=\"c x58d y13b6 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 3\u00ba </div></td><td class=\"c x589 y13b6 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></td><td class=\"c x58b y13b6 w1ab h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></td><td class=\"c x58c y13b6 w1a8 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></td><td class=\"c x58a y13b6 w1a9 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,82% </div></td></tr><tr><td class=\"c x58d y13b7 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 4\u00ba </div></td><td class=\"c x589 y13b7 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">20.000  </span></div></td><td class=\"c x58b y13b7 w1ab h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x58c y13b7 w1a8 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"lsd\">2031</span> </div></td><td class=\"c x58a y13b7 w1a9 h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,25%-2,00% (i) </div></td></tr><tr><td></td><td class=\"c x589 y1095 w1aa h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"lsd\">175.586<span class=\"ls0_1\">  </span></span></div></td><td class=\"c x58b y1095 w1ab h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"lsd\">155.586<span class=\"ls0_1\">  </span></span></div></td><td></td><td></td></tr></table>(i)<span class=\"ff4 ls0_1\"> <span class=\"_ _46\"> </span><span class=\"ff3 fs4\">Euribor <span class=\"_ _2\"></span>6 meses <span class=\"_ _2\"></span>m\u00e1s d<span class=\"_ _2\"></span>iferencial descrito. <span class=\"_ _2\"></span>En <span class=\"_ _2\"></span>los tramos <span class=\"_ _2\"></span>bancarios, el <span class=\"_ _d\"></span>ti<span class=\"_ _3\"></span>po <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>variable en <span class=\"_ _2\"></span>funci\u00f3n del <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>atio </span></span>de endeudamiento de las entidades que conforman el per\u00edmetro de la fin<span class=\"_ _2\"></span>anciaci\u00f3n.<span class=\"_ _3\"></span> (ii)<span class=\"ff4 ls0_1\"> <span class=\"_ _47\"> </span><span class=\"ff3 fs4\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _2\"></span>a.<span class=\"_ _3\"></span> </span></span>Esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>incluye <span class=\"_ _f\"></span>como <span class=\"_ _3\"></span>prin<span class=\"_ _3\"></span>cipales <span class=\"_ _f\"></span>garant\u00edas <span class=\"_ _f\"></span>prenda <span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>bre <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>acciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>sociedades <span class=\"_ _f\"></span>Celulosa<span class=\"_ _3\"></span> Energ\u00eda <span class=\"_ _2\"></span>S.A.U., <span class=\"_ _d\"></span>Enc<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _d\"></span>P<span class=\"_ _3\"></span>uertollano, <span class=\"_ _2\"></span>S.L.U., <span class=\"_ _2\"></span>ENCE <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>Huelva, <span class=\"_ _2\"></span>S.L.U., <span class=\"_ _d\"></span>En<span class=\"_ _3\"></span>ce <span class=\"_ _d\"></span>Energ\u00eda Huelva <span class=\"_ _d\"></span>Dos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>S.L.U.,<span class=\"_ _3\"></span> ENCE E<span class=\"_ _3\"></span>nerg\u00eda Extremadura<span class=\"_ _3\"></span>, S.L.U. <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Magno<span class=\"_ _3\"></span>n Bio<span class=\"_ _3\"></span>masa, S.L., <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos y <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>de cobro, <span class=\"_ _3\"></span>actuales y futuros. Asimismo, <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obligaciones, <span class=\"_ _f\"></span>habituales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>tip<span class=\"_ _3\"></span>o d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>financiaci\u00f3n; <span class=\"_ _3\"></span>el suministro <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>determinad<span class=\"_ _3\"></span>a <span class=\"_ _1a\"> </span>informaci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>car\u00e1cter <span class=\"_ _1a\"> </span>operativo <span class=\"_ _1a\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>financiera <span class=\"_ _18\"> </span><span class=\"ls3b\">y <span class=\"_ _1a\"> </span></span>el <span class=\"_ _17\"> </span>cumplimiento<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>de determinadosratios<span class=\"_ _3\"></span> <span class=\"_ _23\"> </span>econ\u00f3micos <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>s<span class=\"_ _3\"></span>olvencia <span class=\"_ _23\"> </span>y <span class=\"_ _1b\"> </span>rentabilidad. <span class=\"_ _23\"> </span>El<span class=\"_ _2\"></span> <span class=\"_ _23\"> </span>acuerdo <span class=\"_ _1b\"> </span>contempla <span class=\"_ _23\"> </span>asimismo <span class=\"_ _23\"> </span>el<span class=\"_ _65\"> </span>cumplimiento de determin<span class=\"_ _3\"></span>ados ratios ligad<span class=\"_ _3\"></span>os al endeudamiento, la situaci\u00f3<span class=\"_ _3\"></span>n patrimonial y la capacid<span class=\"_ _3\"></span>ad de generaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>caj<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>negocio, <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>poder <span class=\"_ _3\"></span>llevar <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cabo <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>repar<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>dividen<span class=\"_ _f\"></span>dos. <span class=\"_ _3\"></span>Al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de 2025 se cumplen d<span class=\"_ _3\"></span>ichos ratios. El importe de los cos<span class=\"_ _3\"></span>tes de estructuraci\u00f3n<span class=\"_ _3\"></span> y otros gasto<span class=\"_ _3\"></span>s incurridos en la ob<span class=\"_ _3\"></span>tenci\u00f3n de esta finan<span class=\"_ _3\"></span>ciaci\u00f3n ha sido de 5,5 millones \u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></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=\"_ _10\"></span>contrataci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>esta <span class=\"_ _f\"></span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _10\"></span>variable, MAGNON <span class=\"_ _3\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contra<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>tipos d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _3\"></span>(IRS). <span class=\"_ _3\"></span>Dichos <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _f\"></span>cubren <span class=\"_ _f\"></span>el <span class=\"ls10\">70</span>% <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> la <span class=\"_ _10\"> </span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _13\"> </span>dispuesta <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>u<span class=\"_ _2\"></span>n <span class=\"_ _13\"> </span>tipo <span class=\"_ _10\"> </span>fijo <span class=\"_ _13\"> </span>medio <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>2,8%. <span class=\"_ _13\"> </span>A<span class=\"_ _2\"></span>dicionalmente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2024 <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>ca<span class=\"_ _3\"></span>ncelaron <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>IRS contratados<span class=\"_ _3\"></span> para dar cobertura a la finan<span class=\"_ _3\"></span>ciaci\u00f3n previa (v\u00e9ase No<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span><span class=\"ls10\">30<span class=\"ls18\">).</span></span> El <span class=\"_ _3\"></span>destino <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>ha s<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>cancelar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>dispu<span class=\"_ _3\"></span>esta por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>negocio <span class=\"_ _3\"></span>firmada <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>201<span class=\"_ _3\"></span>7 <span class=\"_ _3\"></span><span class=\"ls17\">y </span>la <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>necesidades <span class=\"_ _f\"></span>generales <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>MAGNON<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>Adicionalmente <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>permitido <span class=\"_ _f\"></span>la distribuci\u00f3n de <span class=\"_ _d\"></span>25 millones <span class=\"_ _d\"></span>\u20ac en <span class=\"_ _2\"></span>compensaci\u00f3n de <span class=\"_ _d\"></span>los pr\u00e9stamos <span class=\"_ _2\"></span>puente <span class=\"_ _2\"></span>otorgados por <span class=\"_ _d\"></span>los accionistas <span class=\"_ _2\"></span>hasta que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rodujera <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>implem<span class=\"_ _2\"></span>entaci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>regulatorio <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el s<span class=\"_ _3\"></span>ector <span class=\"_ _3\"></span>energ\u00e9tico <span class=\"_ _3\"></span>aplicab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>plantas de MAGNON. Esta financiaci\u00f3n<span class=\"_ _3\"></span> cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _3\"></span>nanciaci\u00f3n y no como un<span class=\"_ _3\"></span>a modificaci\u00f3n de la financiaci\u00f3n exis<span class=\"_ _3\"></span>tente previamente.<span class=\"_ _f\"></span> Project Finance <span class=\"_ _3\"></span>Planta biometano L<span class=\"_ _3\"></span>a Galera Con <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>enero <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2025,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Biofertilizan<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Biometa<span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>Camarles, <span class=\"_ _3\"></span>S.L.<span class=\"_ _3\"></span><span class=\"ls14\">, <span class=\"_ _3\"></span></span>100<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>participada <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>ENCE<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y Biog\u00e1s <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Biometeg\u00e1s <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>Galer<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>S.L. <span class=\"_ _0\"></span>100% <span class=\"_ _0\"></span>participad<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>Biofertilizantes <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>Biometano <span class=\"_ _0\"></span>Camarles, <span class=\"_ _0\"></span>S.L, <span class=\"_ _0\"></span>han<span class=\"_ _65\"> </span><div class=\"c w3_1 h3d gs88\"><div class=\"t_1 m0_1 x7d h7_1 y1d2 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">suscrito <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _f\"></span>entidad <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>contrato <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>pr\u00e9stamo <span class=\"_ _f\"></span>bajo <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>modalid<span class=\"_ _3\"></span>ad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>\u201cProject <span class=\"_ _f\"></span>finance\u201d <span class=\"_ _10\"> </span><span class=\"ff3\">por </span></div><div class=\"t_1 m0_1 x7d h7_1 y1d3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">importe <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>19.582 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciar <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>posterior <span class=\"_ _0\"></span>ampliaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>planta <span class=\"_ _0\"></span>de </div><div class=\"t_1 m0_1 x7d h7_1 y1d4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">biometano situad<span class=\"_ _3\"></span>a en el municipio de la Galera <span class=\"_ _3\"></span>(Tarragona<span class=\"_ _3\"></span><span class=\"ls18\">).</span> </div><div class=\"t_1 m0_1 x7d h7_1 y404 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">A 31 de <span class=\"_ _2\"></span>diciembre de 2025 se e<span class=\"_ _2\"></span>ncontraban<span class=\"_ _3\"></span> dispuestos <span class=\"ls10\">14.259</span> miles de <span class=\"_ _2\"></span>euros y su vencimiento se producir\u00e1 </div><div class=\"t_1 m0_1 x7d h7_1 y405 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"_ _13\"> </span>30 <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>junio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>2.037. <span class=\"_ _13\"> </span>Esta <span class=\"_ _13\"> </span>financiaci\u00f3n <span class=\"_ _13\"> </span>devenga <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _13\"> </span>coste <span class=\"_ _13\"> </span>ref<span class=\"_ _2\"></span>erenciado <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>Euribor <span class=\"_ _13\"> </span>6 <span class=\"_ _10\"> </span>meses <span class=\"_ _13\"> </span>m\u00e1s <span class=\"_ _13\"> </span>un </div><div class=\"t_1 m0_1 x7d h7_1 y406 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">diferencial de 2,25%. <span class=\"_ _3\"></span>  </div><div class=\"t_1 m0_1 x7d h7_1 y23f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>cluye <span class=\"_ _3\"></span>garant\u00edas <span class=\"_ _f\"></span>vinculadas <span class=\"_ _f\"></span>exclusivamente <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>activo <span class=\"_ _3\"></span>financiad<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>tanto <span class=\"_ _f\"></span>sin <span class=\"_ _3\"></span>recurs<span class=\"_ _3\"></span>o </div><div class=\"t_1 m0_1 x7d h7_1 y240 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">al <span class=\"_ _10\"> </span>resto<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>sociedades <span class=\"_ _13\"> </span>o <span class=\"_ _10\"> </span>activos <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>Grupo, <span class=\"_ _13\"> </span>entre <span class=\"_ _10\"> </span>otras, <span class=\"_ _13\"> </span>prenda <span class=\"_ _10\"> </span>sobre <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>100% <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>accion<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>de  los<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y333 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financiados,<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>sobre <span class=\"_ _15\"> </span>sus <span class=\"_ _19\"> </span>act<span class=\"_ _3\"></span>ivos, <span class=\"_ _19\"> </span>y <span class=\"_ _15\"> </span>sobre <span class=\"_ _19\"> </span>sus <span class=\"_ _15\"> </span>derechos <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>cobro, <span class=\"_ _15\"> </span>actuales <span class=\"_ _15\"> </span>y <span class=\"_ _19\"> </span>futu<span class=\"_ _3\"></span>ros. <span class=\"_ _19\"> </span>Asimismo, <span class=\"_ _15\"> </span>esta </div><div class=\"t_1 m0_1 x7d h7_1 y334 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financiaci\u00f3n <span class=\"_ _16\"> </span>incluye  obligaci<span class=\"_ _3\"></span>ones <span class=\"_ _16\"> </span>de  suministro<span class=\"_ _3\"></span>  de <span class=\"_ _16\"> </span>determinada <span class=\"_ _16\"> </span>informaci\u00f3n  d<span class=\"_ _3\"></span>e  car<span class=\"_ _3\"></span>\u00e1cter  op<span class=\"_ _3\"></span>erativo  y </div><div class=\"t_1 m0_1 x7d h7_1 y335 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">financiero, <span class=\"_ _13\"> </span>habituales  de <span class=\"_ _13\"> </span>este <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>financiaci\u00f3n,  a<span class=\"_ _2\"></span>s\u00ed  c<span class=\"_ _2\"></span>omo <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>cumpl<span class=\"_ _3\"></span>imiento <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>determinados  ratios<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y336 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">econ\u00f3micos d<span class=\"_ _3\"></span>e solvencia <span class=\"_ _3\"></span>y re<span class=\"_ _3\"></span>ntabilidad <span class=\"_ _3\"></span>asociados <span class=\"_ _3\"></span>a informaci\u00f3n <span class=\"_ _3\"></span>financiera con<span class=\"_ _3\"></span>solidada <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los financiados<span class=\"ls1f\">. </span></div><div class=\"t_1 m0_1 x7d h7_1 y6da ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"_ _16\"> </span>31  de <span class=\"_ _16\"> </span>diciembre <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>2025 <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>cumpl<span class=\"_ _3\"></span>en <span class=\"_ _16\"> </span>dichos <span class=\"_ _16\"> </span>ratios<span class=\"_ _3\"></span><span class=\"ls1f\">. <span class=\"_ _16\"> </span></span>Tambi\u00e9n <span class=\"_ _16\"> </span>incluye <span class=\"_ _16\"> </span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>restricciones, </div><div class=\"t_1 m0_1 x7d h7_1 ya0f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">principalmente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>reparto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>divid<span class=\"_ _3\"></span>endos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>obtenci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>nu<span class=\"_ _3\"></span>eva <span class=\"_ _0\"></span>financiaci\u00f3n, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>disposici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una </div><div class=\"t_1 m0_1 x7d h7_1 ya10 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">tesorer\u00eda m\u00ednima equivalent<span class=\"_ _3\"></span>e a 6 meses de cob<span class=\"_ _3\"></span>ertura del servicio d<span class=\"_ _3\"></span>e la deuda.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 ya5d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"_ _2\"></span>objeto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cubrir <span class=\"_ _2\"></span>el rie<span class=\"_ _2\"></span>sgo derivado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>contrataci\u00f3n de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>sta f<span class=\"_ _2\"></span>inanciaci\u00f3n a <span class=\"_ _d\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>variable, ENCE </div><div class=\"t_1 m0_1 x7d h7_1 ya5e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ha <span class=\"_ _0\"></span>suscrito <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>entidad <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciador<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>pro<span class=\"_ _3\"></span>yecto, <span class=\"_ _0\"></span>contratos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>cobertu<span class=\"_ _3\"></span>ra <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>tipos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>inter\u00e9s <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y149 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">nocional equivalent<span class=\"_ _3\"></span>e al <span class=\"ls10\">100</span>% <span class=\"_ _3\"></span>de las cantid<span class=\"_ _3\"></span>ades dispu<span class=\"_ _3\"></span>estas estimadas dura<span class=\"_ _3\"></span>nte la vigencia de la financiaci\u00f3n<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y45a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">a un tipo fijo medio <span class=\"_ _3\"></span>de 2,58%. </div><div class=\"t_1 m0_1 x7d h7_1 y228 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La presente Financiaci\u00f3n<span class=\"_ _3\"></span> se configura como un P<span class=\"_ _3\"></span>r\u00e9stamo Verde bajo lo<span class=\"_ _3\"></span>s Principios d<span class=\"_ _3\"></span>e Pr\u00e9stamos Verdes<span class=\"_ _f\"></span>. </div><div class=\"t_1 m0_1 x7d h8_1 y306 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n cance<span class=\"_ _3\"></span>lada </div><div class=\"t_1 m0_1 x21 h7_1 y2c8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>a\u00f1<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cancelaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>anticipada <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2 p<span class=\"_ _3\"></span>r\u00e9stamos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>dispuesto <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la </div><div class=\"t_1 m0_1 x21 h7_1 y2c9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">fecha de cancelaci\u00f3n <span class=\"_ _3\"></span>de 35.50<span class=\"_ _3\"></span>0 miles <span class=\"ff6\">\u20ac</span><span class=\"ls13\">. </span>Esta financiaci\u00f3n<span class=\"_ _3\"></span> presentaba s<span class=\"_ _3\"></span>u vencimiento el <span class=\"_ _3\"></span>12 de dicie<span class=\"_ _3\"></span>mbre de </div><div class=\"t_1 m0_1 x21 h7_1 y2ca ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">2025 <span class=\"_ _f\"></span>(25.500 <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>iles <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>euros<span class=\"_ _3\"></span>) <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>28 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>marzo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2028<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>(10.000 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros) <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>estaba <span class=\"_ _3\"></span>contra<span class=\"_ _3\"></span>tada <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n </div><div class=\"t_1 m0_1 x21 h7_1 y2cb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">inter\u00e9s variable referenciad<span class=\"_ _3\"></span>o al Eurib<span class=\"_ _3\"></span>or con un margen situad<span class=\"_ _3\"></span>o en el rango <span class=\"_ _3\"></span><span class=\"ls10\">1,</span>7<span class=\"ls3e\">% <span class=\"_ _3\"></span></span>- 2%.<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x6d hd ya5f ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Otros pasivos financieros </span></span></div><div class=\"t_1 m0_1 x7d h7_1 ya60 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _2\"></span>detalle <span class=\"_ _d\"></span>de e<span class=\"_ _2\"></span>ste <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Estado<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>Situaci\u00f3n <span class=\"_ _2\"></span>Financiera <span class=\"_ _2\"></span>Consolidad<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>al 31 <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _d\"></span>y 2024 </div><div class=\"t_1 m0_1 x7d h7_1 ya61 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">es el siguiente: </div></div><div class=\"gs89\"><table class=\"s w3ed h1da\" id=\"_ce8d0e96-d229-4504-92a0-9a755a2d7091\"><tr><td></td><td></td><td></td><td></td><td class=\"c x58f y13b8 w1ac haa\"><div class=\"t_1 m0_1 x24 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x484 y13b9 w3ee h1db\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x590 y13ba w1af h86\"><div class=\"t_1 m0_1 x4_1 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13bb w2ea h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td><td class=\"c x591 y13bb w3b1 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x592 y13bc w3ef h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x58f y13bd w1ad h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13bd w1b0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13bd w1b2 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">9</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x594 y13bd wf3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2030<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13bd w1b3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td class=\"c x1ca y13be w3f0 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13be w3e9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13c0 w3f1 h1dc\"><div class=\"t_1 m0_1 x1c9 h20 y13bf ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13c1 w18 h72\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">25.319 </div></td><td class=\"c x58f y13c1 w1ad h72\"><div class=\"t_1 m0_1 x50 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.902 </div></td><td class=\"c x590 y13c1 w1b0 h72\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.836  </div></td><td class=\"c x597 y13c1 w1b1 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.852  </div></td><td class=\"c x593 y13c1 w1b2 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.776  </div></td><td class=\"c x594 y13c1 wf3 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">768 </span> </div></td><td class=\"c x595 y13c1 w1b3 h72\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.185  </div></td></tr><tr><td class=\"c x598 y13c2 we3 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></td><td class=\"c x596 y13c2 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">61.315 </div></td><td class=\"c x58f y13c2 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.893 </div></td><td class=\"c x590 y13c2 w1b0 h1d\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 6.366  </div></td><td class=\"c x597 y13c2 w1b1 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.211  </div></td><td class=\"c x593 y13c2 w1b2 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 4.578  </div></td><td class=\"c x594 y13c2 wf3 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.437  </div></td><td class=\"c x595 y13c2 w1b3 h1d\"><div class=\"t_1 m0_1 x19 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 34.830  </div></td></tr><tr><td></td><td class=\"c x596 y13c3 w18 h25\"><div class=\"t_1 m0_1 x1f h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">86.634<span class=\"ff2\"> </span></div></td><td class=\"c x58f y13c3 w1ad h25\"><div class=\"t_1 m0_1 xf h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.795<span class=\"ff2\"> </span></div></td><td class=\"c x590 y13c3 w1b0 h25\"><div class=\"t_1 m0_1 x31 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.202<span class=\"ff2\"> </span></div></td><td class=\"c x597 y13c3 w1b1 h25\"><div class=\"t_1 m0_1 xf h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.063<span class=\"ff2\"> </span></div></td><td class=\"c x593 y13c3 w1b2 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.354<span class=\"ff2\"> </span></div></td><td class=\"c x594 y13c3 wf3 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.205<span class=\"ff2\"> </span></div></td><td class=\"c x595 y13c3 w1b3 h25\"><div class=\"t_1 m0_1 xc h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">36.015<span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x1ca y13c5 w3f2 h1dd\"><div class=\"t_1 m0_1 x1c9 h20 y13c4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17)<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13c6 w18 h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.145 </div></td><td class=\"c x58f y13c6 w1ad h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.713  </div></td><td class=\"c x590 y13c6 w1b0 h72\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.491  </div></td><td class=\"c x597 y13c6 w1b1 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.120  </div></td><td class=\"c x593 y13c6 w1b2 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">647 </span> </div></td><td class=\"c x594 y13c6 wf3 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">174 </span> </div></td><td class=\"c x595 y13c6 w1b3 h72\"><div class=\"t_1 m0_1 x57 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x596 y13c7 w18 h25\"><div class=\"t_1 m0_1 x30 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5<span class=\"lsd\">.145</span> </div></td><td class=\"c x58f y13c7 w1ad h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.713<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13c7 w1b0 h25\"><div class=\"t_1 m0_1 xe h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.491<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13c7 w1b1 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.120<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13c7 w1b2 h25\"><div class=\"t_1 m0_1 x2f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">647<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13c7 wf3 h25\"><div class=\"t_1 m0_1 x2f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">174<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13c7 w1b3 h25\"><div class=\"t_1 m0_1 x57 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x596 y13c8 w18 h25\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">91.779<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13c8 w1ad h25\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">16.508<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13c8 w1b0 h25\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">13.693<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13c8 w1b1 h25\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.183<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13c8 w1b2 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.001<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13c8 wf3 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.379<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13c8 w1b3 h25\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">36.015<span class=\"ls0_1\"> </span></div></td></tr></table></div><div class=\"c w1b1 h86 gs8a\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">8 </span></div></div><table class=\"s w3f3 h1de\" id=\"_f75f33a3-de98-4aeb-b8fd-e506e81ebf75\"><tr><td></td><td></td><td></td><td></td><td class=\"c x58f y13c9 w1ac haa\"><div class=\"t_1 m0_1 x24 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x484 y13ca w3ee h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x590 y13cb w1af h86\"><div class=\"t_1 m0_1 x4_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13cc w3d9 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13cc w3b1 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x592 y13cd w3ef h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x58f y13ce w1ad h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13ce w1b0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13ce w1b2 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x594 y13ce wf3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13ce w1b3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td class=\"c x1ca y13cf w3f0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13cf w3e9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13d1 w3f1 h1df\"><div class=\"t_1 m0_1 x1c9 h20 y13d0 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13d2 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></td><td class=\"c x58f y13d2 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.459 </div></td><td class=\"c x590 y13d2 w1b0 h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.019 </div></td><td class=\"c x597 y13d2 w1b1 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.279 </div></td><td class=\"c x593 y13d2 w1b2 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.371 </div></td><td class=\"c x594 y13d2 wf3 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.891 </div></td><td class=\"c x595 y13d2 w1b3 h1d\"><div class=\"t_1 m0_1 x3a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.388 </div></td></tr><tr><td class=\"c x598 y13d3 we3 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></td><td class=\"c x596 y13d3 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52.803 </div></td><td class=\"c x58f y13d3 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.251 </div></td><td class=\"c x590 y13d3 w1b0 h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.780 </div></td><td class=\"c x597 y13d3 w1b1 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.657 </div></td><td class=\"c x593 y13d3 w1b2 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.509 </div></td><td class=\"c x594 y13d3 wf3 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.932 </div></td><td class=\"c x595 y13d3 w1b3 h1d\"><div class=\"t_1 m0_1 xc h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.674 </div></td></tr><tr><td></td><td class=\"c x596 y13d4 w18 h26\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">87.210<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d4 w1ad h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">13.710<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d4 w1b0 h26\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.799<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d4 w1b1 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.936<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d4 w1b2 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.880<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d4 wf3 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">6.823<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d4 w1b3 h26\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.062<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y13d6 w3f2 h1e0\"><div class=\"t_1 m0_1 x1c9 h20 y13d5 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17)<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13d7 w18 ha2\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></td><td class=\"c x58f y13d7 w1ad ha2\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.768 </div></td><td class=\"c x590 y13d7 w1b0 ha2\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></td><td class=\"c x597 y13d7 w1b1 ha2\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.107 </div></td><td class=\"c x593 y13d7 w1b2 ha2\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">786<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d7 wf3 ha2\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">410<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d7 w1b3 ha2\"><div class=\"t_1 m0_1 x14 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x596 y13d8 w18 h26\"><div class=\"t_1 m0_1 x30 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.744<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d8 w1ad h26\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.768<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d8 w1b0 h26\"><div class=\"t_1 m0_1 xe h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.628<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d8 w1b1 h26\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.107<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d8 w1b2 h26\"><div class=\"t_1 m0_1 x2f h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">786<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d8 wf3 h26\"><div class=\"t_1 m0_1 x2f h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">410<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d8 w1b3 h26\"><div class=\"t_1 m0_1 x14 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x596 y13d9 w18 h26\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">92.954<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d9 w1ad h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.478<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d9 w1b0 h26\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.427<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d9 w1b1 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.043<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d9 w1b2 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.666<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d9 wf3 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.233<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d9 w1b3 h26\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.107<span class=\"ls0_1\"> </span></div></td></tr></table>2027<span class=\"ls0_1\"> </span>La <span class=\"_ _10\"> </span>cuenta <span class=\"_ _13\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _10\"> </span>orga<span class=\"_ _3\"></span>nismos <span class=\"_ _10\"> </span>p\u00fa<span class=\"_ _3\"></span>blicos\u201d <span class=\"_ _10\"> </span>corresp<span class=\"_ _3\"></span>onde <span class=\"_ _10\"> </span>fundamentalmente <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>pr\u00e9stamos <span class=\"_ _13\"> </span>obtenidos, normalmente <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>inter\u00e9s <span class=\"_ _10\"> </span>favorables, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>financian <span class=\"_ _10\"> </span>proyectos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _3\"></span>liaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>mejora <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> capacidad productiv<span class=\"_ _3\"></span>a de <span class=\"_ _2\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _2\"></span>actividades de I+D+i en <span class=\"_ _3\"></span>ENCE. <span class=\"_ _3\"></span>Su <span class=\"_ _3\"></span>plaz<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10 a\u00f1<span class=\"_ _3\"></span>os, con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>periodo de <span class=\"_ _3\"></span>carencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>3 a\u00f1<span class=\"_ _3\"></span>os, <span class=\"_ _3\"></span>y devengan un tipo de in<span class=\"_ _3\"></span>ter\u00e9s fijo que se sit\u00faa en el rango <span class=\"_ _3\"></span>0%-3,76<span class=\"ls3e\">%.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Deuda financiera </span></span>La composici\u00f3n d<span class=\"_ _3\"></span>e la deuda financiera al <span class=\"_ _3\"></span>cierre de los<span class=\"_ _3\"></span> ejercicios 2025 <span class=\"ls17\">y <span class=\"ls10\">202</span></span>4 es la s<span class=\"_ _3\"></span>iguiente:<span class=\"_ _3\"></span> <table class=\"s w3e7 h1d4\" id=\"_d46f172a-7a47-4a67-9c5c-f009d87eeb2e\"><tr><td></td><td></td><td class=\"c x57b y1383 w19b haa\"><div class=\"t_1 m0_1 x1f h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo no corriente </div></td><td></td><td class=\"c x57c y1383 w19c haa\"><div class=\"t_1 m0_1 x30 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo corriente </div></td></tr><tr><td class=\"c x57d y1384 w19a haa\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x57b y1384 w2a haa\"><div class=\"t_1 m0_1 x2a h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x57e y1384 w198 haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x57c y1384 w198 haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x57f y1384 w19d haa\"><div class=\"t_1 m0_1 x31 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x57d y1385 w19a h72\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones y otros valores negociables </div><div class=\"t_1 m0_1 x10 h20 ya15 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></td><td class=\"c x57b y1385 w2a h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 31.343  </div></td><td class=\"c x57e y1385 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">15.574  </span></div></td><td class=\"c x57c y1385 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">45.183  </span></div></td><td class=\"c x57f y1385 w19d h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">57.987  </span></div></td></tr><tr><td class=\"c x57d y1386 w19a ha2\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas con entidades de cr\u00e9dito </div></td><td class=\"c x57b y1386 w2a ha2\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 373.953  </div></td><td class=\"c x57e y1386 w198 ha2\"><div class=\"t_1 m0_1 xf h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">353.390  </span></div></td><td class=\"c x57c y1386 w198 ha2\"><div class=\"t_1 m0_1 x31 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">77.212  </span></div></td><td class=\"c x57f y1386 w19d ha2\"><div class=\"t_1 m0_1 x31 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">88.743  </span></div></td></tr><tr><td class=\"c x57d y1387 w19a h72\"><div class=\"t_1 m0_1 x10 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros </div></td><td class=\"c x57b y1387 w2a h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 75.272  </div></td><td class=\"c x57e y1387 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">77.477  </span></div></td><td class=\"c x57c y1387 w198 h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">16.508  </span></div></td><td class=\"c x57f y1387 w19d h72\"><div class=\"t_1 m0_1 x31 h20 y70 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">15.478  </span></div></td></tr><tr><td class=\"c x57d y1388 w19a hcf\"><div class=\"t_1 m0_1 x39 h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x57b y1388 w2a hcf\"><div class=\"t_1 m0_1 x1f h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">480.568 </span> </div></td><td class=\"c x57e y1388 w198 hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">446.441 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x57c y1388 w198 hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">138.903 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x57f y1388 w19d hcf\"><div class=\"t_1 m0_1 xf h58 y91 ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"lsd\">162.208 <span class=\"ls0_1\"> </span></span></div></td></tr></table>28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Deudas con entidades de cr\u00e9d<span class=\"_ _2\"></span>ito y mercado de<span class=\"_ _2\"></span> capitales </span></span>La <span class=\"_ _2\"></span>composici\u00f3n de <span class=\"_ _d\"></span>las deudas <span class=\"_ _d\"></span>con entidades <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _2\"></span>y 2024<span class=\"_ _2\"></span>, correspondientes a pr\u00e9stamos y<span class=\"_ _3\"></span> l\u00edneas de descuento, clasificadas<span class=\"_ _3\"></span> de acuerdo con s<span class=\"_ _3\"></span>us vencimientos, es la s<span class=\"_ _3\"></span>iguiente<span class=\"_ _3\"></span>:<table class=\"s w3e8 h1d5\" id=\"_9f2d162d-0a0d-4906-9e94-7cfd6630207d\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x580 y1389 w1a2 haa\"><div class=\"t_1 m0_1 x4_1 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td></tr><tr><td class=\"c x227 y138a w19f hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x580 y138a w51 hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td></td><td class=\"c x516 y138a w1a4 hef\"><div class=\"t_1 m0_1 xd8 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td></tr><tr><td class=\"c x227 y138b w19f h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x581 y138b w1a0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite </div></td><td class=\"c x582 y138c w3b1 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x580 y138b w51 h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y138b w1a5 h86\"><div class=\"t_1 m0_1 x2a h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y138b wee h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y138b wf3 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y138b w1a6 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td></td><td></td><td class=\"c x586 y138d w3e9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y138f w3ea h1d6\"><div class=\"t_1 m0_1 x1c9 h20 y138e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y1390 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td><td class=\"c x587 y1390 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td><td class=\"c x580 y1390 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">45.183 </div></td><td class=\"c x516 y1390 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.343 </div></td><td class=\"c x583 y1390 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1390 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1390 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1391 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving </div></td><td class=\"c x581 y1391 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">130.000 </div></td><td class=\"c x587 y1391 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y1391 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y1391 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1391 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1391 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1391 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1392 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y1392 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">285.846 </div></td><td class=\"c x587 y1392 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">285.846 </div></td><td class=\"c x580 y1392 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">64.769 </div></td><td class=\"c x516 y1392 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58.244 </div></td><td class=\"c x583 y1392 wee h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">81.137 </div></td><td class=\"c x584 y1392 wf3 h24\"><div class=\"t_1 m0_1 xf h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.414 </div></td><td class=\"c x585 y1392 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">50.282 </div></td></tr><tr><td class=\"c x227 y1393 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y1393 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y1393 w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.261) </div></td><td class=\"c x580 y1393 w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(327) </div></td><td class=\"c x516 y1393 w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(327) </div></td><td class=\"c x583 y1393 wee h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(258) </div></td><td class=\"c x584 y1393 wf3 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(220) </div></td><td class=\"c x585 y1393 w1a6 h24\"><div class=\"t_1 m0_1 x3a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">129</span>) </div></td></tr><tr><td class=\"c x227 y1394 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y1394 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y1394 w1a1 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td><td class=\"c x580 y1394 w51 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td><td class=\"c x516 y1394 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1394 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1394 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1394 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y1395 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">492.372<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y1395 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">362.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y1395 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">111.128<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y1395 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.260<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y1395 wee h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">80.879<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y1395 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.194<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y1395 w1a6 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">50.153<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y1396 w3eb h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y1397 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.000 </div></td><td class=\"c x587 y1397 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y1397 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y1397 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1397 wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1397 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1397 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1398 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y1398 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.586 </div></td><td class=\"c x587 y1398 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.586 </div></td><td class=\"c x580 y1398 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x516 y1398 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></td><td class=\"c x583 y1398 wee h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.608 </div></td><td class=\"c x584 y1398 wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.928 </div></td><td class=\"c x585 y1398 w1a6 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">111.794 </div></td></tr><tr><td class=\"c x227 y1399 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Project Finance-Planta Biometano </div></td><td class=\"c x581 y1399 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.259 </div></td><td class=\"c x587 y1399 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.259 </div></td><td class=\"c x580 y1399 w51 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y1399 w1a5 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">477<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y1399 wee h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.007 </div></td><td class=\"c x584 y1399 wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.015 </div></td><td class=\"c x585 y1399 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.719 </div></td></tr><tr><td class=\"c x227 y139a w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y139a w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y139a w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.791) </div></td><td class=\"c x580 y139a w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(766) </div></td><td class=\"c x516 y139a w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x583 y139a wee h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x584 y139a wf3 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x585 y139a w1a6 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.514) </div></td></tr><tr><td class=\"c x227 y139b w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y139b w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y139b w1a1 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139b w51 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139b w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y139b wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y139b wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y139b w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y139c w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">189.845<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y139c w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">165.076<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139c w51 h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.265<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139c w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.928<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y139c wee h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.778<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y139c wf3 h24\"><div class=\"t_1 m0_1 xf h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.106<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y139c w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">121.999<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x581 y139d w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">682.217<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y139d w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">527.690<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139d w51 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">122.393<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139d w1a5 h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">100.188<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y139d wee h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">91.657<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y139d wf3 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">41.300<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y139d w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">172.152<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x580 y139e w1a2 haa\" colspan=\"2\"><div class=\"t_1 m0_1 x4_1 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td></tr><tr><td class=\"c x227 y139f w19f hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x580 y139f w51 hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td class=\"c x516 y139f w1a4 hef\" colspan=\"2\"><div class=\"t_1 m0_1 xd8 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td></tr><tr><td class=\"c x227 y13a0 w19f h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x581 y13a0 w1a0 h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite </div></td><td class=\"c x582 y13a1 w3b1 h1d7\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x580 y13a0 w51 h87\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13a0 w1a5 h87\"><div class=\"t_1 m0_1 x2a h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13a0 wee h87\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2027<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13a0 wf3 h87\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13a0 w1a6 h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td></td><td></td><td class=\"c x586 y13a2 w3e9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13a3 w3ea h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y13a4 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x587 y13a4 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x580 y13a4 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57.987 </div></td><td class=\"c x516 y13a4 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.574 </div></td><td class=\"c x583 y13a4 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a4 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a4 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13a5 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving </div></td><td class=\"c x581 y13a5 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">130.000 </div></td><td class=\"c x587 y13a5 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y13a5 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y13a5 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13a5 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a5 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a5 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13a6 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y13a6 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></td><td class=\"c x587 y13a6 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></td><td class=\"c x580 y13a6 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">75.598 </div></td><td class=\"c x516 y13a6 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78.957 </div></td><td class=\"c x583 y13a6 wee h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">67.306 </div></td><td class=\"c x584 y13a6 wf3 h24\"><div class=\"t_1 m0_1 xf h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.576 </div></td><td class=\"c x585 y13a6 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.746 </div></td></tr><tr><td class=\"c x227 y13a7 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y13a7 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13a7 w1a1 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(616) </div></td><td class=\"c x580 y13a7 w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(261) </div></td><td class=\"c x516 y13a7 w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(184) </div></td><td class=\"c x583 y13a7 wee h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(106) </div></td><td class=\"c x584 y13a7 wf3 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(44) </div></td><td class=\"c x585 y13a7 w1a6 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21) </div></td></tr><tr><td class=\"c x227 y13a8 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y13a8 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13a8 w1a1 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x580 y13a8 w51 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x516 y13a8 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13a8 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a8 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a8 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y13a9 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">481.743<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13a9 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">353.276<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13a9 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">135.473<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13a9 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.347<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13a9 wee h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">67.200<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13a9 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">40.532<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13a9 w1a6 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.725<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y13ab w3eb h1d8\"><div class=\"t_1 m0_1 x1c9 h20 y13aa ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y13ac w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.000 </div></td><td class=\"c x587 y13ac w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y13ac w51 h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y13ac w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13ac wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13ac wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13ac w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13ad w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y13ad w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.647 </div></td><td class=\"c x587 y13ad w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.552 </div></td><td class=\"c x580 y13ad w51 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x516 y13ad w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x583 y13ad wee h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></td><td class=\"c x584 y13ad wf3 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.572 </div></td><td class=\"c x585 y13ad w1a6 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">116.756 </div></td></tr><tr><td class=\"c x227 y13ae w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y13ae w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13ae w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.228) </div></td><td class=\"c x580 y13ae w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(804) </div></td><td class=\"c x516 y13ae w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x583 y13ae wee h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x584 y13ae wf3 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x585 y13ae w1a6 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.051) </div></td></tr><tr><td class=\"c x227 y13af w19f h5c\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y13af w1a0 h5c\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13af w1a1 h5c\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13af w51 h5c\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13af w1a5 h5c\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13af wee h5c\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13af wf3 h5c\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13af w1a6 h5c\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y13b0 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">187.552<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13b0 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.419<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13b0 w51 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.259<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13b0 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.177<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13b0 wee h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.497<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13b0 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.781<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13b0 w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">114.705<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x581 y13b1 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">669.295<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13b1 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">515.695<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13b1 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">146.732<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13b1 w1a5 h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">105.524<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13b1 wee h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">77.697<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13b1 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.313<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13b1 w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">130.430<span class=\"ls0_1\"> </span></div></td></tr></table>Cada uno de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> negocios del <span class=\"_ _2\"></span>Grupo se <span class=\"_ _2\"></span>financia de <span class=\"_ _2\"></span>forma independiente del <span class=\"_ _2\"></span>otro. No <span class=\"_ _2\"></span>hay recurso o <span class=\"_ _2\"></span>garant\u00edas significativas entre a<span class=\"_ _3\"></span>mbos.<span class=\"_ _65\"> </span>Los <span class=\"_ _f\"></span>pagos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>intereses <span class=\"_ _f\"></span>previstos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>futuro<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>asociados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>\u201cDeudas <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>mercado <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> capitales\u201d <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"> </span>\u2013<span class=\"ff3\"> <span class=\"_ _10\"></span></span>financiaci\u00f3n <span class=\"_ _10\"></span>organismos <span class=\"_ _10\"></span>p\u00fablicos\u201d, <span class=\"_ _10\"></span>considerando <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>niveles <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e endeudamiento <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>tipos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _f\"></span>de mercad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>actuales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sin <span class=\"_ _f\"></span>considerar <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>erturas d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ter\u00e9s contratadas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>situar\u00e1n <span class=\"_ _f\"></span>en el <span class=\"_ _3\"></span>ento<span class=\"_ _3\"></span>rno <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0-15 <span class=\"_ _3\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>en E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>Celulosa <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>en el <span class=\"_ _f\"></span>entorno <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span></span>8-9 millones \u20ac en ENCE Renov<span class=\"_ _3\"></span>ables.<span class=\"ff3\"> </span>El <span class=\"_ _2\"></span>coste <span class=\"_ _2\"></span>medio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>ENCE en <span class=\"_ _2\"></span>2025 <span class=\"_ _d\"></span>y 2024 <span class=\"_ _d\"></span>ha <span class=\"_ _2\"></span>sido <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>4,32% y <span class=\"_ _d\"></span>4,7%, respectivamente<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>Por <span class=\"_ _2\"></span>negocios, ENCE <span class=\"_ _f\"></span>Celulosa <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>tenido <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>coste <span class=\"_ _f\"></span>medio <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>dichos <span class=\"_ _f\"></span>periodos <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>3,87% <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4,50%, <span class=\"_ _f\"></span>respectiv<span class=\"_ _3\"></span>amente, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>ENCE Renovables d<span class=\"_ _3\"></span>el 5,38% y 5,<span class=\"ls10\">25</span>%,<span class=\"_ _3\"></span> respectivamente Al <span class=\"_ _f\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>empresas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegram<span class=\"_ _3\"></span>ente <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>obligacion<span class=\"_ _3\"></span>es financieras <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cualquier <span class=\"_ _3\"></span>otro <span class=\"_ _3\"></span>tipo, <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>pudieran <span class=\"_ _3\"></span>dar <span class=\"_ _3\"></span>lugar <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>vencimiento <span class=\"_ _3\"></span>anticipado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>compromisos financieros.  La <span class=\"_ _19\"> </span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>ENCE <span class=\"_ _15\"> </span>no <span class=\"_ _19\"> </span>es<span class=\"_ _3\"></span>t\u00e1 <span class=\"_ _19\"> </span>su<span class=\"_ _3\"></span>jeta <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>n<span class=\"_ _3\"></span>ing\u00fan <span class=\"_ _19\"> </span>tipo <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>cl\u00e1us<span class=\"_ _3\"></span>ula <span class=\"_ _19\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _19\"> </span>implique <span class=\"_ _15\"> </span>su <span class=\"_ _19\"> </span>modificaci\u00f3n <span class=\"_ _15\"> </span>o renegociaci\u00f3n como cons<span class=\"_ _3\"></span>ecuencia de una <span class=\"_ _3\"></span>variaci\u00f3n en la calificaci\u00f3n crediticia<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _3\"></span></span> Endeuda<span class=\"_ _2\"></span>miento Negocio Celulosa<span class=\"_ _2\"></span> Obligaciones El <span class=\"_ _0\"></span>9 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>octub<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>2023 <span class=\"_ _f\"></span>ENCE <span class=\"_ _0\"></span>incorp<span class=\"_ _3\"></span>or\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>agar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado<span class=\"_ _3\"></span> Alternativo de <span class=\"_ _2\"></span>Renta Fija <span class=\"_ _2\"></span>(MARF) con <span class=\"_ _2\"></span>un l\u00edmite <span class=\"_ _d\"></span>m\u00e1xi<span class=\"_ _3\"></span>mo de <span class=\"_ _d\"></span>2<span class=\"_ _3\"></span>00 mill<span class=\"_ _2\"></span>ones \u20ac <span class=\"_ _2\"></span>y vencimientos de <span class=\"_ _2\"></span>hasta 24 <span class=\"_ _2\"></span>meses<span class=\"_ _3\"></span><span class=\"ff3 ls1f\">. </span>El <span class=\"_ _f\"></span>programa <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>renueva <span class=\"_ _f\"></span>anualmente, <span class=\"_ _f\"></span>siendo <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>\u00fa<span class=\"_ _3\"></span>ltima <span class=\"_ _f\"></span>renovaci\u00f3n <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>13 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>octubre <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>mismas condiciones. E<span class=\"_ _3\"></span>l coste medio en p<span class=\"_ _3\"></span>ara el a\u00f1o 2025 fue del 3,33% (4,53<span class=\"_ _3\"></span>% para en el a\u00f1o 202<span class=\"_ _3\"></span>4).<span class=\"_ _3\"></span>  L\u00ednea de cr\u00e9d<span class=\"_ _3\"></span>ito revolving ENCE <span class=\"_ _3\"></span>mantiene <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>sind<span class=\"_ _3\"></span>icato <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ban<span class=\"_ _3\"></span>cos <span class=\"_ _3\"></span>nacion<span class=\"_ _3\"></span>ales <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>internacionales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trato <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _f\"></span>(revolving credit <span class=\"_ _3\"></span>facility) <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>130 <span class=\"_ _3\"></span>millones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>euros <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>vencimiento <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2030. <span class=\"_ _3\"></span>Esta <span class=\"_ _3\"></span>l\u00ednea <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>deveng<span class=\"_ _3\"></span>a un tipo<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>referenciado al <span class=\"_ _d\"></span>Euribo<span class=\"_ _3\"></span>r. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>l ti<span class=\"_ _2\"></span>po <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>establecido <span class=\"_ _2\"></span>podr\u00e1 verse <span class=\"_ _d\"></span>modificado anualmente en <span class=\"_ _d\"></span>25 puntos <span class=\"_ _d\"></span>b\u00e1sicos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>funci\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>rating <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>sostenib<span class=\"_ _3\"></span>ilidad <span class=\"_ _d\"></span>medioambiental <span class=\"_ _2\"></span>Ethifinance <span class=\"_ _2\"></span>obtenido <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>ENCE, que <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _f\"></span>dicha <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>com<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>\u201cfinanciaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>verde\u201d. <span class=\"_ _3\"></span>Es<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>en s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>totali<span class=\"_ _f\"></span><span class=\"ff3\">dad <span class=\"_ _3\"></span>disp<span class=\"_ _3\"></span>onible <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 </span>de diciembre de 2025.<span class=\"_ _3\"></span> Pr\u00e9stamos ENCE <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>suscritos<span class=\"_ _3\"></span> pr\u00e9stamos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>conjunto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>285 <span class=\"_ _3\"></span>millones \u20ac <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>vencim<span class=\"_ _3\"></span>ientos <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>2026 y 2033. <span class=\"_ _3\"></span>Una parte <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> pr\u00e9stamos <span class=\"_ _3\"></span>con un <span class=\"_ _3\"></span>nominal d<span class=\"_ _3\"></span>e 41,8 millones \u20ac <span class=\"_ _3\"></span>devenga <span class=\"_ _3\"></span>un tipo<span class=\"_ _3\"></span> de inter\u00e9s <span class=\"_ _3\"></span>fijo en <span class=\"_ _3\"></span>el rango <span class=\"_ _3\"></span>1,95%<span class=\"_ _3\"></span>-4,6%. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>mporte <span class=\"_ _3\"></span>resta<span class=\"_ _3\"></span>nte <span class=\"_ _3\"></span>devenga <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nter<span class=\"_ _3\"></span>eses, <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>referenciados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>Euribor <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>un diferencial <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el rango <span class=\"_ _d\"></span>1,10<span class=\"_ _3\"></span>%-2,05%. El <span class=\"_ _d\"></span>tipo de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>establecido en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>90% <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tos suscritos <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>odr\u00e1 verse modificado a<span class=\"_ _3\"></span>nualmente en 25<span class=\"_ _3\"></span> puntos b<span class=\"_ _3\"></span>\u00e1sicos en funci\u00f3n<span class=\"_ _3\"></span> del rating de s<span class=\"_ _3\"></span>ostenibilidad<span class=\"_ _f\"></span> medioambiental de EthiFinance ob<span class=\"_ _3\"></span>tenido por ENCE.<span class=\"_ _3\"></span> Al objeto de cubrir e<span class=\"_ _2\"></span>l riesgo derivado de <span class=\"_ _2\"></span>la contrataci\u00f3n de e<span class=\"_ _2\"></span>sta financiaci\u00f3n a tipo de int<span class=\"_ _2\"></span>er\u00e9s variable, ENCE ha suscrito swaps de tipo de <span class=\"_ _2\"></span>inter\u00e9s que cubren el <span class=\"ls10\">52</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _2\"></span>variable, a un tipo fijo medio de 3,24% (v\u00e9ase N<span class=\"_ _3\"></span>ota 30).<span class=\"_ _65\"> </span>Financiaci\u00f3n Ne<span class=\"_ _2\"></span>gocio Energ\u00eda Ren<span class=\"_ _2\"></span>ovable Financiaci\u00f3n corpo<span class=\"_ _3\"></span>rativa Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _10\"> </span>11  de <span class=\"_ _10\"> </span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>20<span class=\"_ _3\"></span>24, <span class=\"_ _13\"> </span>Magnon <span class=\"_ _13\"> </span>Green <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>nergy, <span class=\"_ _13\"> </span>S.L. <span class=\"_ _13\"> </span>(e<span class=\"_ _2\"></span>n <span class=\"_ _13\"> </span>adelante <span class=\"_ _13\"> </span>\u201cMAGNON\u201d),  <span class=\"ff3\">aco<span class=\"_ _3\"></span>rd\u00f3 <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>un </span>sindicato formado <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _2\"></span>14 <span class=\"_ _2\"></span>entidades <span class=\"_ _2\"></span>un contrato <span class=\"_ _d\"></span>de pr\u00e9stamo <span class=\"_ _d\"></span>por un <span class=\"_ _2\"></span>importe<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>inicialmente <span class=\"_ _2\"></span>disponible<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>170 millones <span class=\"_ _d\"></span>\u20ac y <span class=\"_ _d\"></span>una <span class=\"_ _2\"></span>l\u00ednea <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>(RCF) <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>i<span class=\"_ _3\"></span>mporte <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>20 millones <span class=\"_ _d\"></span>\u20ac<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _2\"></span>Su <span class=\"_ _2\"></span>detalle <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31/12/2025 <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>iguiente: </span><table class=\"s w3ec h1d9\" id=\"_dfc3dd47-47ce-4b6b-9e01-c0ee874266be\"><tr><td></td><td></td><td class=\"c x589 y13b2 w31 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td class=\"c x58a y13b2 w1a9 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo de  </div></td></tr><tr><td></td><td class=\"c x589 y13b3 w1aa h96\"><div class=\"t_1 m0_1 xe h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disponible </div></td><td class=\"c x58b y13b3 w1ab h96\"><div class=\"t_1 m0_1 xe h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto </div></td><td class=\"c x58c y13b3 w1a8 h96\"><div class=\"t_1 m0_1 x2a h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x58a y13b3 w1a9 h96\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inter\u00e9s </div></td></tr><tr><td class=\"c x58d y13b4 w1a7 h5c\"><div class=\"t_1 m0_1 x10 h20 y73a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 1\u00ba </div></td><td class=\"c x589 y13b4 w1aa h5c\"><div class=\"t_1 m0_1 x3d h20 y73a ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">53.586  </span></div></td><td class=\"c x58b y13b4 w1ab h5c\"><div class=\"t_1 m0_1 x10 h20 y73a ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">53.586  </span></div></td><td class=\"c x58c y13b4 w1a8 h5c\"><div class=\"t_1 m0_1 xc h20 y73a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"lsd\">2031</span> </div></td><td class=\"c x58a y13b4 w1a9 h5c\"><div class=\"t_1 m0_1 x2a h20 y83 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2,00%-2,75% (i) </div></td></tr><tr><td class=\"c x58d y13b5 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 2\u00ba </div></td><td class=\"c x589 y13b5 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></td><td class=\"c x58b y13b5 w1ab h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></td><td class=\"c x58c y13b5 w1a8 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></td><td class=\"c x58a y13b5 w1a9 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3% (i) </div></td></tr><tr><td class=\"c x58d y13b6 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 3\u00ba </div></td><td class=\"c x589 y13b6 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></td><td class=\"c x58b y13b6 w1ab h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></td><td class=\"c x58c y13b6 w1a8 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></td><td class=\"c x58a y13b6 w1a9 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,82% </div></td></tr><tr><td class=\"c x58d y13b7 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 4\u00ba </div></td><td class=\"c x589 y13b7 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">20.000  </span></div></td><td class=\"c x58b y13b7 w1ab h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x58c y13b7 w1a8 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"lsd\">2031</span> </div></td><td class=\"c x58a y13b7 w1a9 h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,25%-2,00% (i) </div></td></tr><tr><td></td><td class=\"c x589 y1095 w1aa h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"lsd\">175.586<span class=\"ls0_1\">  </span></span></div></td><td class=\"c x58b y1095 w1ab h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"lsd\">155.586<span class=\"ls0_1\">  </span></span></div></td><td></td><td></td></tr></table>(i)<span class=\"ff4 ls0_1\"> <span class=\"_ _46\"> </span><span class=\"ff3 fs4\">Euribor <span class=\"_ _2\"></span>6 meses <span class=\"_ _2\"></span>m\u00e1s d<span class=\"_ _2\"></span>iferencial descrito. <span class=\"_ _2\"></span>En <span class=\"_ _2\"></span>los tramos <span class=\"_ _2\"></span>bancarios, el <span class=\"_ _d\"></span>ti<span class=\"_ _3\"></span>po <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>variable en <span class=\"_ _2\"></span>funci\u00f3n del <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>atio </span></span>de endeudamiento de las entidades que conforman el per\u00edmetro de la fin<span class=\"_ _2\"></span>anciaci\u00f3n.<span class=\"_ _3\"></span> (ii)<span class=\"ff4 ls0_1\"> <span class=\"_ _47\"> </span><span class=\"ff3 fs4\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _2\"></span>a.<span class=\"_ _3\"></span> </span></span>Esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>incluye <span class=\"_ _f\"></span>como <span class=\"_ _3\"></span>prin<span class=\"_ _3\"></span>cipales <span class=\"_ _f\"></span>garant\u00edas <span class=\"_ _f\"></span>prenda <span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>bre <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>acciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>sociedades <span class=\"_ _f\"></span>Celulosa<span class=\"_ _3\"></span> Energ\u00eda <span class=\"_ _2\"></span>S.A.U., <span class=\"_ _d\"></span>Enc<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _d\"></span>P<span class=\"_ _3\"></span>uertollano, <span class=\"_ _2\"></span>S.L.U., <span class=\"_ _2\"></span>ENCE <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>Huelva, <span class=\"_ _2\"></span>S.L.U., <span class=\"_ _d\"></span>En<span class=\"_ _3\"></span>ce <span class=\"_ _d\"></span>Energ\u00eda Huelva <span class=\"_ _d\"></span>Dos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>S.L.U.,<span class=\"_ _3\"></span> ENCE E<span class=\"_ _3\"></span>nerg\u00eda Extremadura<span class=\"_ _3\"></span>, S.L.U. <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Magno<span class=\"_ _3\"></span>n Bio<span class=\"_ _3\"></span>masa, S.L., <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos y <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>de cobro, <span class=\"_ _3\"></span>actuales y futuros. Asimismo, <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obligaciones, <span class=\"_ _f\"></span>habituales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>tip<span class=\"_ _3\"></span>o d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>financiaci\u00f3n; <span class=\"_ _3\"></span>el suministro <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>determinad<span class=\"_ _3\"></span>a <span class=\"_ _1a\"> </span>informaci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>car\u00e1cter <span class=\"_ _1a\"> </span>operativo <span class=\"_ _1a\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>financiera <span class=\"_ _18\"> </span><span class=\"ls3b\">y <span class=\"_ _1a\"> </span></span>el <span class=\"_ _17\"> </span>cumplimiento<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>de determinadosratios<span class=\"_ _3\"></span> <span class=\"_ _23\"> </span>econ\u00f3micos <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>s<span class=\"_ _3\"></span>olvencia <span class=\"_ _23\"> </span>y <span class=\"_ _1b\"> </span>rentabilidad. <span class=\"_ _23\"> </span>El<span class=\"_ _2\"></span> <span class=\"_ _23\"> </span>acuerdo <span class=\"_ _1b\"> </span>contempla <span class=\"_ _23\"> </span>asimismo <span class=\"_ _23\"> </span>el<span class=\"_ _65\"> </span>cumplimiento de determin<span class=\"_ _3\"></span>ados ratios ligad<span class=\"_ _3\"></span>os al endeudamiento, la situaci\u00f3<span class=\"_ _3\"></span>n patrimonial y la capacid<span class=\"_ _3\"></span>ad de generaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>caj<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>negocio, <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>poder <span class=\"_ _3\"></span>llevar <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cabo <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>repar<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>dividen<span class=\"_ _f\"></span>dos. <span class=\"_ _3\"></span>Al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de 2025 se cumplen d<span class=\"_ _3\"></span>ichos ratios. El importe de los cos<span class=\"_ _3\"></span>tes de estructuraci\u00f3n<span class=\"_ _3\"></span> y otros gasto<span class=\"_ _3\"></span>s incurridos en la ob<span class=\"_ _3\"></span>tenci\u00f3n de esta finan<span class=\"_ _3\"></span>ciaci\u00f3n ha sido de 5,5 millones \u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></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=\"_ _10\"></span>contrataci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>esta <span class=\"_ _f\"></span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _10\"></span>variable, MAGNON <span class=\"_ _3\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contra<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>tipos d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _3\"></span>(IRS). <span class=\"_ _3\"></span>Dichos <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _f\"></span>cubren <span class=\"_ _f\"></span>el <span class=\"ls10\">70</span>% <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> la <span class=\"_ _10\"> </span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _13\"> </span>dispuesta <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>u<span class=\"_ _2\"></span>n <span class=\"_ _13\"> </span>tipo <span class=\"_ _10\"> </span>fijo <span class=\"_ _13\"> </span>medio <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>2,8%. <span class=\"_ _13\"> </span>A<span class=\"_ _2\"></span>dicionalmente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2024 <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>ca<span class=\"_ _3\"></span>ncelaron <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>IRS contratados<span class=\"_ _3\"></span> para dar cobertura a la finan<span class=\"_ _3\"></span>ciaci\u00f3n previa (v\u00e9ase No<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span><span class=\"ls10\">30<span class=\"ls18\">).</span></span> El <span class=\"_ _3\"></span>destino <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>ha s<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>cancelar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>dispu<span class=\"_ _3\"></span>esta por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>negocio <span class=\"_ _3\"></span>firmada <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>201<span class=\"_ _3\"></span>7 <span class=\"_ _3\"></span><span class=\"ls17\">y </span>la <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>necesidades <span class=\"_ _f\"></span>generales <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>MAGNON<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>Adicionalmente <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>permitido <span class=\"_ _f\"></span>la distribuci\u00f3n de <span class=\"_ _d\"></span>25 millones <span class=\"_ _d\"></span>\u20ac en <span class=\"_ _2\"></span>compensaci\u00f3n de <span class=\"_ _d\"></span>los pr\u00e9stamos <span class=\"_ _2\"></span>puente <span class=\"_ _2\"></span>otorgados por <span class=\"_ _d\"></span>los accionistas <span class=\"_ _2\"></span>hasta que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rodujera <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>implem<span class=\"_ _2\"></span>entaci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>regulatorio <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el s<span class=\"_ _3\"></span>ector <span class=\"_ _3\"></span>energ\u00e9tico <span class=\"_ _3\"></span>aplicab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>plantas de MAGNON. Esta financiaci\u00f3n<span class=\"_ _3\"></span> cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _3\"></span>nanciaci\u00f3n y no como un<span class=\"_ _3\"></span>a modificaci\u00f3n de la financiaci\u00f3n exis<span class=\"_ _3\"></span>tente previamente.<span class=\"_ _f\"></span> Project Finance <span class=\"_ _3\"></span>Planta biometano L<span class=\"_ _3\"></span>a Galera Con <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>enero <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2025,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Biofertilizan<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Biometa<span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>Camarles, <span class=\"_ _3\"></span>S.L.<span class=\"_ _3\"></span><span class=\"ls14\">, <span class=\"_ _3\"></span></span>100<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>participada <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>ENCE<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y Biog\u00e1s <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Biometeg\u00e1s <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>Galer<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>S.L. <span class=\"_ _0\"></span>100% <span class=\"_ _0\"></span>participad<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>Biofertilizantes <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>Biometano <span class=\"_ _0\"></span>Camarles, <span class=\"_ _0\"></span>S.L, <span class=\"_ _0\"></span>han<span class=\"_ _65\"> </span>suscrito <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _f\"></span>entidad <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>contrato <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>pr\u00e9stamo <span class=\"_ _f\"></span>bajo <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>modalid<span class=\"_ _3\"></span>ad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>\u201cProject <span class=\"_ _f\"></span>finance\u201d <span class=\"_ _10\"> </span><span class=\"ff3\">por </span>importe <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>19.582 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciar <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>posterior <span class=\"_ _0\"></span>ampliaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>planta <span class=\"_ _0\"></span>de biometano situad<span class=\"_ _3\"></span>a en el municipio de la Galera <span class=\"_ _3\"></span>(Tarragona<span class=\"_ _3\"></span><span class=\"ls18\">).</span> A 31 de <span class=\"_ _2\"></span>diciembre de 2025 se e<span class=\"_ _2\"></span>ncontraban<span class=\"_ _3\"></span> dispuestos <span class=\"ls10\">14.259</span> miles de <span class=\"_ _2\"></span>euros y su vencimiento se producir\u00e1 el <span class=\"_ _13\"> </span>30 <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>junio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>2.037. <span class=\"_ _13\"> </span>Esta <span class=\"_ _13\"> </span>financiaci\u00f3n <span class=\"_ _13\"> </span>devenga <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _13\"> </span>coste <span class=\"_ _13\"> </span>ref<span class=\"_ _2\"></span>erenciado <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>Euribor <span class=\"_ _13\"> </span>6 <span class=\"_ _10\"> </span>meses <span class=\"_ _13\"> </span>m\u00e1s <span class=\"_ _13\"> </span>un diferencial de 2,25%. <span class=\"_ _3\"></span>  Esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>cluye <span class=\"_ _3\"></span>garant\u00edas <span class=\"_ _f\"></span>vinculadas <span class=\"_ _f\"></span>exclusivamente <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>activo <span class=\"_ _3\"></span>financiad<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>tanto <span class=\"_ _f\"></span>sin <span class=\"_ _3\"></span>recurs<span class=\"_ _3\"></span>o al <span class=\"_ _10\"> </span>resto<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>sociedades <span class=\"_ _13\"> </span>o <span class=\"_ _10\"> </span>activos <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>Grupo, <span class=\"_ _13\"> </span>entre <span class=\"_ _10\"> </span>otras, <span class=\"_ _13\"> </span>prenda <span class=\"_ _10\"> </span>sobre <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>100% <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>accion<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>de  los<span class=\"_ _2\"></span> financiados,<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>sobre <span class=\"_ _15\"> </span>sus <span class=\"_ _19\"> </span>act<span class=\"_ _3\"></span>ivos, <span class=\"_ _19\"> </span>y <span class=\"_ _15\"> </span>sobre <span class=\"_ _19\"> </span>sus <span class=\"_ _15\"> </span>derechos <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>cobro, <span class=\"_ _15\"> </span>actuales <span class=\"_ _15\"> </span>y <span class=\"_ _19\"> </span>futu<span class=\"_ _3\"></span>ros. <span class=\"_ _19\"> </span>Asimismo, <span class=\"_ _15\"> </span>esta financiaci\u00f3n <span class=\"_ _16\"> </span>incluye  obligaci<span class=\"_ _3\"></span>ones <span class=\"_ _16\"> </span>de  suministro<span class=\"_ _3\"></span>  de <span class=\"_ _16\"> </span>determinada <span class=\"_ _16\"> </span>informaci\u00f3n  d<span class=\"_ _3\"></span>e  car<span class=\"_ _3\"></span>\u00e1cter  op<span class=\"_ _3\"></span>erativo  y financiero, <span class=\"_ _13\"> </span>habituales  de <span class=\"_ _13\"> </span>este <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>financiaci\u00f3n,  a<span class=\"_ _2\"></span>s\u00ed  c<span class=\"_ _2\"></span>omo <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>cumpl<span class=\"_ _3\"></span>imiento <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>determinados  ratios<span class=\"_ _2\"></span> econ\u00f3micos d<span class=\"_ _3\"></span>e solvencia <span class=\"_ _3\"></span>y re<span class=\"_ _3\"></span>ntabilidad <span class=\"_ _3\"></span>asociados <span class=\"_ _3\"></span>a informaci\u00f3n <span class=\"_ _3\"></span>financiera con<span class=\"_ _3\"></span>solidada <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los financiados<span class=\"ls1f\">. </span>Al <span class=\"_ _16\"> </span>31  de <span class=\"_ _16\"> </span>diciembre <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>2025 <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>cumpl<span class=\"_ _3\"></span>en <span class=\"_ _16\"> </span>dichos <span class=\"_ _16\"> </span>ratios<span class=\"_ _3\"></span><span class=\"ls1f\">. <span class=\"_ _16\"> </span></span>Tambi\u00e9n <span class=\"_ _16\"> </span>incluye <span class=\"_ _16\"> </span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>restricciones, principalmente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>reparto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>divid<span class=\"_ _3\"></span>endos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>obtenci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>nu<span class=\"_ _3\"></span>eva <span class=\"_ _0\"></span>financiaci\u00f3n, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>disposici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una tesorer\u00eda m\u00ednima equivalent<span class=\"_ _3\"></span>e a 6 meses de cob<span class=\"_ _3\"></span>ertura del servicio d<span class=\"_ _3\"></span>e la deuda.<span class=\"_ _3\"></span> Al <span class=\"_ _2\"></span>objeto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cubrir <span class=\"_ _2\"></span>el rie<span class=\"_ _2\"></span>sgo derivado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>contrataci\u00f3n de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>sta f<span class=\"_ _2\"></span>inanciaci\u00f3n a <span class=\"_ _d\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>variable, ENCE ha <span class=\"_ _0\"></span>suscrito <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>entidad <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciador<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>pro<span class=\"_ _3\"></span>yecto, <span class=\"_ _0\"></span>contratos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>cobertu<span class=\"_ _3\"></span>ra <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>tipos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>inter\u00e9s <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> nocional equivalent<span class=\"_ _3\"></span>e al <span class=\"ls10\">100</span>% <span class=\"_ _3\"></span>de las cantid<span class=\"_ _3\"></span>ades dispu<span class=\"_ _3\"></span>estas estimadas dura<span class=\"_ _3\"></span>nte la vigencia de la financiaci\u00f3n<span class=\"_ _3\"></span> a un tipo fijo medio <span class=\"_ _3\"></span>de 2,58%. La presente Financiaci\u00f3n<span class=\"_ _3\"></span> se configura como un P<span class=\"_ _3\"></span>r\u00e9stamo Verde bajo lo<span class=\"_ _3\"></span>s Principios d<span class=\"_ _3\"></span>e Pr\u00e9stamos Verdes<span class=\"_ _f\"></span>. Financiaci\u00f3n cance<span class=\"_ _3\"></span>lada Durante <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>a\u00f1<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cancelaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>anticipada <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2 p<span class=\"_ _3\"></span>r\u00e9stamos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>dispuesto <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la fecha de cancelaci\u00f3n <span class=\"_ _3\"></span>de 35.50<span class=\"_ _3\"></span>0 miles <span class=\"ff6\">\u20ac</span><span class=\"ls13\">. </span>Esta financiaci\u00f3n<span class=\"_ _3\"></span> presentaba s<span class=\"_ _3\"></span>u vencimiento el <span class=\"_ _3\"></span>12 de dicie<span class=\"_ _3\"></span>mbre de 2025 <span class=\"_ _f\"></span>(25.500 <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>iles <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>euros<span class=\"_ _3\"></span>) <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>28 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>marzo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2028<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>(10.000 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros) <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>estaba <span class=\"_ _3\"></span>contra<span class=\"_ _3\"></span>tada <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n inter\u00e9s variable referenciad<span class=\"_ _3\"></span>o al Eurib<span class=\"_ _3\"></span>or con un margen situad<span class=\"_ _3\"></span>o en el rango <span class=\"_ _3\"></span><span class=\"ls10\">1,</span>7<span class=\"ls3e\">% <span class=\"_ _3\"></span></span>- 2%.<span class=\"_ _65\"> </span>28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Otros pasivos financieros </span></span>El <span class=\"_ _2\"></span>detalle <span class=\"_ _d\"></span>de e<span class=\"_ _2\"></span>ste <span class=\"_ _2\"></span>ep\u00edgrafe <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Estado<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>Situaci\u00f3n <span class=\"_ _2\"></span>Financiera <span class=\"_ _2\"></span>Consolidad<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>al 31 <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _d\"></span>y 2024 es el siguiente: <table class=\"s w3ed h1da\" id=\"_ce8d0e96-d229-4504-92a0-9a755a2d7091\"><tr><td></td><td></td><td></td><td></td><td class=\"c x58f y13b8 w1ac haa\"><div class=\"t_1 m0_1 x24 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x484 y13b9 w3ee h1db\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x590 y13ba w1af h86\"><div class=\"t_1 m0_1 x4_1 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13bb w2ea h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5<span class=\"_ _65\"> </span></span></div></td><td class=\"c x591 y13bb w3b1 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x592 y13bc w3ef h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x58f y13bd w1ad h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13bd w1b0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13bd w1b2 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">9</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x594 y13bd wf3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2030<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13bd w1b3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td class=\"c x1ca y13be w3f0 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13be w3e9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13c0 w3f1 h1dc\"><div class=\"t_1 m0_1 x1c9 h20 y13bf ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13c1 w18 h72\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">25.319 </div></td><td class=\"c x58f y13c1 w1ad h72\"><div class=\"t_1 m0_1 x50 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.902 </div></td><td class=\"c x590 y13c1 w1b0 h72\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.836  </div></td><td class=\"c x597 y13c1 w1b1 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.852  </div></td><td class=\"c x593 y13c1 w1b2 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.776  </div></td><td class=\"c x594 y13c1 wf3 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">768 </span> </div></td><td class=\"c x595 y13c1 w1b3 h72\"><div class=\"t_1 m0_1 x1f h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.185  </div></td></tr><tr><td class=\"c x598 y13c2 we3 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></td><td class=\"c x596 y13c2 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">61.315 </div></td><td class=\"c x58f y13c2 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.893 </div></td><td class=\"c x590 y13c2 w1b0 h1d\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 6.366  </div></td><td class=\"c x597 y13c2 w1b1 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.211  </div></td><td class=\"c x593 y13c2 w1b2 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 4.578  </div></td><td class=\"c x594 y13c2 wf3 h1d\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 3.437  </div></td><td class=\"c x595 y13c2 w1b3 h1d\"><div class=\"t_1 m0_1 x19 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 34.830  </div></td></tr><tr><td></td><td class=\"c x596 y13c3 w18 h25\"><div class=\"t_1 m0_1 x1f h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">86.634<span class=\"ff2\"> </span></div></td><td class=\"c x58f y13c3 w1ad h25\"><div class=\"t_1 m0_1 xf h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.795<span class=\"ff2\"> </span></div></td><td class=\"c x590 y13c3 w1b0 h25\"><div class=\"t_1 m0_1 x31 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.202<span class=\"ff2\"> </span></div></td><td class=\"c x597 y13c3 w1b1 h25\"><div class=\"t_1 m0_1 xf h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.063<span class=\"ff2\"> </span></div></td><td class=\"c x593 y13c3 w1b2 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.354<span class=\"ff2\"> </span></div></td><td class=\"c x594 y13c3 wf3 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.205<span class=\"ff2\"> </span></div></td><td class=\"c x595 y13c3 w1b3 h25\"><div class=\"t_1 m0_1 xc h58 y35 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">36.015<span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x1ca y13c5 w3f2 h1dd\"><div class=\"t_1 m0_1 x1c9 h20 y13c4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17)<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13c6 w18 h72\"><div class=\"t_1 m0_1 x30 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.145 </div></td><td class=\"c x58f y13c6 w1ad h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.713  </div></td><td class=\"c x590 y13c6 w1b0 h72\"><div class=\"t_1 m0_1 x50 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.491  </div></td><td class=\"c x597 y13c6 w1b1 h72\"><div class=\"t_1 m0_1 x82 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.120  </div></td><td class=\"c x593 y13c6 w1b2 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">647 </span> </div></td><td class=\"c x594 y13c6 wf3 h72\"><div class=\"t_1 m0_1 x2b h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">174 </span> </div></td><td class=\"c x595 y13c6 w1b3 h72\"><div class=\"t_1 m0_1 x57 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x596 y13c7 w18 h25\"><div class=\"t_1 m0_1 x30 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5<span class=\"lsd\">.145</span> </div></td><td class=\"c x58f y13c7 w1ad h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.713<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13c7 w1b0 h25\"><div class=\"t_1 m0_1 xe h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.491<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13c7 w1b1 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.120<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13c7 w1b2 h25\"><div class=\"t_1 m0_1 x2f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">647<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13c7 wf3 h25\"><div class=\"t_1 m0_1 x2f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">174<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13c7 w1b3 h25\"><div class=\"t_1 m0_1 x57 h58 y35 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x596 y13c8 w18 h25\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">91.779<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13c8 w1ad h25\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">16.508<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13c8 w1b0 h25\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">13.693<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13c8 w1b1 h25\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.183<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13c8 w1b2 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.001<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13c8 wf3 h25\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.379<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13c8 w1b3 h25\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">36.015<span class=\"ls0_1\"> </span></div></td></tr></table>202<span class=\"ls0_1\">8 </span><table class=\"s w3f3 h1de\" id=\"_f75f33a3-de98-4aeb-b8fd-e506e81ebf75\"><tr><td></td><td></td><td></td><td></td><td class=\"c x58f y13c9 w1ac haa\"><div class=\"t_1 m0_1 x24 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x484 y13ca w3ee h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x590 y13cb w1af h86\"><div class=\"t_1 m0_1 x4_1 h20 y63b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13cc w3d9 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13cc w3b1 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x592 y13cd w3ef h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x58f y13ce w1ad h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13ce w1b0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13ce w1b2 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x594 y13ce wf3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13ce w1b3 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td class=\"c x1ca y13cf w3f0 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _65\"> </span></div></td><td class=\"c x591 y13cf w3e9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13d1 w3f1 h1df\"><div class=\"t_1 m0_1 x1c9 h20 y13d0 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13d2 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></td><td class=\"c x58f y13d2 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.459 </div></td><td class=\"c x590 y13d2 w1b0 h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.019 </div></td><td class=\"c x597 y13d2 w1b1 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.279 </div></td><td class=\"c x593 y13d2 w1b2 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.371 </div></td><td class=\"c x594 y13d2 wf3 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.891 </div></td><td class=\"c x595 y13d2 w1b3 h1d\"><div class=\"t_1 m0_1 x3a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.388 </div></td></tr><tr><td class=\"c x598 y13d3 we3 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></td><td class=\"c x596 y13d3 w18 h1d\"><div class=\"t_1 m0_1 x1f h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52.803 </div></td><td class=\"c x58f y13d3 w1ad h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.251 </div></td><td class=\"c x590 y13d3 w1b0 h1d\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.780 </div></td><td class=\"c x597 y13d3 w1b1 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.657 </div></td><td class=\"c x593 y13d3 w1b2 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.509 </div></td><td class=\"c x594 y13d3 wf3 h1d\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.932 </div></td><td class=\"c x595 y13d3 w1b3 h1d\"><div class=\"t_1 m0_1 xc h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.674 </div></td></tr><tr><td></td><td class=\"c x596 y13d4 w18 h26\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">87.210<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d4 w1ad h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">13.710<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d4 w1b0 h26\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.799<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d4 w1b1 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.936<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d4 w1b2 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">9.880<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d4 wf3 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">6.823<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d4 w1b3 h26\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.062<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y13d6 w3f2 h1e0\"><div class=\"t_1 m0_1 x1c9 h20 y13d5 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17)<span class=\"_ _65\"> </span></div></td><td class=\"c x596 y13d7 w18 ha2\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></td><td class=\"c x58f y13d7 w1ad ha2\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.768 </div></td><td class=\"c x590 y13d7 w1b0 ha2\"><div class=\"t_1 m0_1 xe h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></td><td class=\"c x597 y13d7 w1b1 ha2\"><div class=\"t_1 m0_1 x50 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.107 </div></td><td class=\"c x593 y13d7 w1b2 ha2\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">786<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d7 wf3 ha2\"><div class=\"t_1 m0_1 x2f h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">410<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d7 w1b3 ha2\"><div class=\"t_1 m0_1 x14 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x596 y13d8 w18 h26\"><div class=\"t_1 m0_1 x30 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.744<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d8 w1ad h26\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.768<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d8 w1b0 h26\"><div class=\"t_1 m0_1 xe h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.628<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d8 w1b1 h26\"><div class=\"t_1 m0_1 x50 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.107<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d8 w1b2 h26\"><div class=\"t_1 m0_1 x2f h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">786<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d8 wf3 h26\"><div class=\"t_1 m0_1 x2f h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">410<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d8 w1b3 h26\"><div class=\"t_1 m0_1 x14 h58 y47 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">45<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x596 y13d9 w18 h26\"><div class=\"t_1 m0_1 x1f h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">92.954<span class=\"ls0_1\"> </span></div></td><td class=\"c x58f y13d9 w1ad h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.478<span class=\"ls0_1\"> </span></div></td><td class=\"c x590 y13d9 w1b0 h26\"><div class=\"t_1 m0_1 x31 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.427<span class=\"ls0_1\"> </span></div></td><td class=\"c x597 y13d9 w1b1 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.043<span class=\"ls0_1\"> </span></div></td><td class=\"c x593 y13d9 w1b2 h26\"><div class=\"t_1 m0_1 xf h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.666<span class=\"ls0_1\"> </span></div></td><td class=\"c x594 y13d9 wf3 h26\"><div class=\"t_1 m0_1 x50 h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.233<span class=\"ls0_1\"> </span></div></td><td class=\"c x595 y13d9 w1b3 h26\"><div class=\"t_1 m0_1 xc h58 y35 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.107<span class=\"ls0_1\"> </span></div></td></tr></table>2027<span class=\"ls0_1\"> </span>La <span class=\"_ _10\"> </span>cuenta <span class=\"_ _13\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _10\"> </span>orga<span class=\"_ _3\"></span>nismos <span class=\"_ _10\"> </span>p\u00fa<span class=\"_ _3\"></span>blicos\u201d <span class=\"_ _10\"> </span>corresp<span class=\"_ _3\"></span>onde <span class=\"_ _10\"> </span>fundamentalmente <span class=\"_ _13\"> </span>a <span class=\"_ _10\"></span>pr\u00e9stamos <span class=\"_ _13\"> </span>obtenidos, normalmente <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>tipos <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>inter\u00e9s <span class=\"_ _10\"> </span>favorables, <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>financian <span class=\"_ _10\"> </span>proyectos<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _3\"></span>liaci\u00f3n <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>mejora <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> capacidad productiv<span class=\"_ _3\"></span>a de <span class=\"_ _2\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _2\"></span>actividades de I+D+i en <span class=\"_ _3\"></span>ENCE. <span class=\"_ _3\"></span>Su <span class=\"_ _3\"></span>plaz<span class=\"_ _3\"></span>o de <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _3\"></span>es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10 a\u00f1<span class=\"_ _3\"></span>os, con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>periodo de <span class=\"_ _3\"></span>carencia <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>3 a\u00f1<span class=\"_ _3\"></span>os, <span class=\"_ _3\"></span>y devengan un tipo de in<span class=\"_ _3\"></span>ter\u00e9s fijo que se sit\u00faa en el rango <span class=\"_ _3\"></span>0%-3,76<span class=\"ls3e\">%.<span class=\"_ _65\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "<div class=\"c w3_1 h3d gs82\"><div class=\"t_1 m0_1 x39 hed ya17 ff4 fs0_1 fc2 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d hd y8e8 ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Deudas con entidades de cr\u00e9d<span class=\"_ _2\"></span>ito y mercado de<span class=\"_ _2\"></span> capitales </span></span></div><div class=\"t_1 m0_1 x21 h7_1 y8ea ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _2\"></span>composici\u00f3n de <span class=\"_ _d\"></span>las deudas <span class=\"_ _d\"></span>con entidades <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>diciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _2\"></span>y 2024<span class=\"_ _2\"></span>, correspondientes </div><div class=\"t_1 m0_1 x21 h7_1 y8eb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">a pr\u00e9stamos y<span class=\"_ _3\"></span> l\u00edneas de descuento, clasificadas<span class=\"_ _3\"></span> de acuerdo con s<span class=\"_ _3\"></span>us vencimientos, es la s<span class=\"_ _3\"></span>iguiente<span class=\"_ _3\"></span>: </div></div><table class=\"s w3e8 h1d5\" id=\"_9f2d162d-0a0d-4906-9e94-7cfd6630207d\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x580 y1389 w1a2 haa\"><div class=\"t_1 m0_1 x4_1 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td></tr><tr><td class=\"c x227 y138a w19f hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x580 y138a w51 hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td></td><td class=\"c x516 y138a w1a4 hef\"><div class=\"t_1 m0_1 xd8 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td></tr><tr><td class=\"c x227 y138b w19f h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x581 y138b w1a0 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite </div></td><td class=\"c x582 y138c w3b1 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x580 y138b w51 h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y138b w1a5 h86\"><div class=\"t_1 m0_1 x2a h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y138b wee h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y138b wf3 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y138b w1a6 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td></td><td></td><td class=\"c x586 y138d w3e9 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y138f w3ea h1d6\"><div class=\"t_1 m0_1 x1c9 h20 y138e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y1390 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td><td class=\"c x587 y1390 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td><td class=\"c x580 y1390 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">45.183 </div></td><td class=\"c x516 y1390 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.343 </div></td><td class=\"c x583 y1390 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1390 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1390 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1391 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving </div></td><td class=\"c x581 y1391 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">130.000 </div></td><td class=\"c x587 y1391 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y1391 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y1391 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1391 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1391 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1391 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1392 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y1392 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">285.846 </div></td><td class=\"c x587 y1392 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">285.846 </div></td><td class=\"c x580 y1392 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">64.769 </div></td><td class=\"c x516 y1392 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58.244 </div></td><td class=\"c x583 y1392 wee h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">81.137 </div></td><td class=\"c x584 y1392 wf3 h24\"><div class=\"t_1 m0_1 xf h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31.414 </div></td><td class=\"c x585 y1392 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">50.282 </div></td></tr><tr><td class=\"c x227 y1393 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y1393 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y1393 w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.261) </div></td><td class=\"c x580 y1393 w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(327) </div></td><td class=\"c x516 y1393 w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(327) </div></td><td class=\"c x583 y1393 wee h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(258) </div></td><td class=\"c x584 y1393 wf3 h24\"><div class=\"t_1 m0_1 xe h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(220) </div></td><td class=\"c x585 y1393 w1a6 h24\"><div class=\"t_1 m0_1 x3a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"lsd\">129</span>) </div></td></tr><tr><td class=\"c x227 y1394 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y1394 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y1394 w1a1 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td><td class=\"c x580 y1394 w51 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td><td class=\"c x516 y1394 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1394 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1394 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1394 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y1395 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">492.372<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y1395 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">362.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y1395 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">111.128<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y1395 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">89.260<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y1395 wee h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">80.879<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y1395 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.194<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y1395 w1a6 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">50.153<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y1396 w3eb h197\"><div class=\"t_1 m0_1 x1c9 h20 y1148 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y1397 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.000 </div></td><td class=\"c x587 y1397 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y1397 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y1397 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y1397 wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y1397 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y1397 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y1398 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y1398 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.586 </div></td><td class=\"c x587 y1398 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">155.586 </div></td><td class=\"c x580 y1398 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x516 y1398 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></td><td class=\"c x583 y1398 wee h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.608 </div></td><td class=\"c x584 y1398 wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.928 </div></td><td class=\"c x585 y1398 w1a6 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">111.794 </div></td></tr><tr><td class=\"c x227 y1399 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Project Finance-Planta Biometano </div></td><td class=\"c x581 y1399 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.259 </div></td><td class=\"c x587 y1399 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14.259 </div></td><td class=\"c x580 y1399 w51 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">41<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y1399 w1a5 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">477<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y1399 wee h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.007 </div></td><td class=\"c x584 y1399 wf3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.015 </div></td><td class=\"c x585 y1399 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.719 </div></td></tr><tr><td class=\"c x227 y139a w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y139a w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y139a w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.791) </div></td><td class=\"c x580 y139a w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(766) </div></td><td class=\"c x516 y139a w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x583 y139a wee h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x584 y139a wf3 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(837) </div></td><td class=\"c x585 y139a w1a6 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.514) </div></td></tr><tr><td class=\"c x227 y139b w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y139b w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y139b w1a1 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139b w51 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139b w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y139b wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y139b wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y139b w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y139c w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">189.845<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y139c w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">165.076<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139c w51 h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.265<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139c w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.928<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y139c wee h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.778<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y139c wf3 h24\"><div class=\"t_1 m0_1 xf h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.106<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y139c w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">121.999<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x581 y139d w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">682.217<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y139d w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">527.690<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y139d w51 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">122.393<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y139d w1a5 h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">100.188<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y139d wee h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">91.657<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y139d wf3 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">41.300<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y139d w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">172.152<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x580 y139e w1a2 haa\" colspan=\"2\"><div class=\"t_1 m0_1 x4_1 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td></tr><tr><td class=\"c x227 y139f w19f hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td class=\"c x580 y139f w51 hef\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td class=\"c x516 y139f w1a4 hef\" colspan=\"2\"><div class=\"t_1 m0_1 xd8 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></td><td></td></tr><tr><td class=\"c x227 y13a0 w19f h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x581 y13a0 w1a0 h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite </div></td><td class=\"c x582 y13a1 w3b1 h1d7\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x580 y13a0 w51 h87\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13a0 w1a5 h87\"><div class=\"t_1 m0_1 x2a h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13a0 wee h87\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2027<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13a0 wf3 h87\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13a0 w1a6 h87\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td></tr><tr><td></td><td></td><td class=\"c x586 y13a2 w3e9 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y13a3 w3ea h19a\"><div class=\"t_1 m0_1 x1c9 h20 y115a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y13a4 w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x587 y13a4 w1a1 h24\"><div class=\"t_1 m0_1 x2_1 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x580 y13a4 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">57.987 </div></td><td class=\"c x516 y13a4 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.574 </div></td><td class=\"c x583 y13a4 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a4 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a4 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13a5 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving </div></td><td class=\"c x581 y13a5 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">130.000 </div></td><td class=\"c x587 y13a5 w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y13a5 w51 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y13a5 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13a5 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a5 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a5 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13a6 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y13a6 w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></td><td class=\"c x587 y13a6 w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></td><td class=\"c x580 y13a6 w51 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">75.598 </div></td><td class=\"c x516 y13a6 w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">78.957 </div></td><td class=\"c x583 y13a6 wee h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">67.306 </div></td><td class=\"c x584 y13a6 wf3 h24\"><div class=\"t_1 m0_1 xf h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.576 </div></td><td class=\"c x585 y13a6 w1a6 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.746 </div></td></tr><tr><td class=\"c x227 y13a7 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y13a7 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13a7 w1a1 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(616) </div></td><td class=\"c x580 y13a7 w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(261) </div></td><td class=\"c x516 y13a7 w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(184) </div></td><td class=\"c x583 y13a7 wee h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(106) </div></td><td class=\"c x584 y13a7 wf3 h24\"><div class=\"t_1 m0_1 x19 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(44) </div></td><td class=\"c x585 y13a7 w1a6 h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(21) </div></td></tr><tr><td class=\"c x227 y13a8 w19f h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y13a8 w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13a8 w1a1 h24\"><div class=\"t_1 m0_1 x13 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x580 y13a8 w51 h24\"><div class=\"t_1 m0_1 x30 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x516 y13a8 w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13a8 wee h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13a8 wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13a8 w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y13a9 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">481.743<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13a9 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">353.276<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13a9 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">135.473<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13a9 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.347<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13a9 wee h24\"><div class=\"t_1 m0_1 x1f h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">67.200<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13a9 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">40.532<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13a9 w1a6 h24\"><div class=\"t_1 m0_1 x2b h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.725<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y13ab w3eb h1d8\"><div class=\"t_1 m0_1 x1c9 h20 y13aa ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _65\"> </span></div></td><td class=\"c x581 y13ac w1a0 h24\"><div class=\"t_1 m0_1 x31 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.000 </div></td><td class=\"c x587 y13ac w1a1 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x580 y13ac w51 h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x516 y13ac w1a5 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13ac wee h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13ac wf3 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13ac w1a6 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x227 y13ad w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios </div></td><td class=\"c x581 y13ad w1a0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.647 </div></td><td class=\"c x587 y13ad w1a1 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">167.552 </div></td><td class=\"c x580 y13ad w51 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x516 y13ad w1a5 h24\"><div class=\"t_1 m0_1 x82 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></td><td class=\"c x583 y13ad wee h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></td><td class=\"c x584 y13ad wf3 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.572 </div></td><td class=\"c x585 y13ad w1a6 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">116.756 </div></td></tr><tr><td class=\"c x227 y13ae w19f h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n </div></td><td class=\"c x581 y13ae w1a0 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13ae w1a1 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(5.228) </div></td><td class=\"c x580 y13ae w51 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(804) </div></td><td class=\"c x516 y13ae w1a5 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x583 y13ae wee h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x584 y13ae wf3 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></td><td class=\"c x585 y13ae w1a6 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.051) </div></td></tr><tr><td class=\"c x227 y13af w19f h5c\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros </div></td><td class=\"c x581 y13af w1a0 h5c\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x587 y13af w1a1 h5c\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13af w51 h5c\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13af w1a5 h5c\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x583 y13af wee h5c\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x584 y13af wf3 h5c\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x585 y13af w1a6 h5c\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td></td><td class=\"c x581 y13b0 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">187.552<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13b0 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">162.419<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13b0 w51 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.259<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13b0 w1a5 h24\"><div class=\"t_1 m0_1 x82 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">11.177<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13b0 wee h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.497<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13b0 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.781<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13b0 w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">114.705<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x581 y13b1 w1a0 h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">669.295<span class=\"ls0_1\"> </span></div></td><td class=\"c x587 y13b1 w1a1 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">515.695<span class=\"ls0_1\"> </span></div></td><td class=\"c x580 y13b1 w51 h24\"><div class=\"t_1 m0_1 x2b h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">146.732<span class=\"ls0_1\"> </span></div></td><td class=\"c x516 y13b1 w1a5 h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">105.524<span class=\"ls0_1\"> </span></div></td><td class=\"c x583 y13b1 wee h24\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">77.697<span class=\"ls0_1\"> </span></div></td><td class=\"c x584 y13b1 wf3 h24\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55.313<span class=\"ls0_1\"> </span></div></td><td class=\"c x585 y13b1 w1a6 h24\"><div class=\"t_1 m0_1 xe h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">130.430<span class=\"ls0_1\"> </span></div></td></tr></table>Cada uno de <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> negocios del <span class=\"_ _2\"></span>Grupo se <span class=\"_ _2\"></span>financia de <span class=\"_ _2\"></span>forma independiente del <span class=\"_ _2\"></span>otro. No <span class=\"_ _2\"></span>hay recurso o <span class=\"_ _2\"></span>garant\u00edas significativas entre a<span class=\"_ _3\"></span>mbos.<span class=\"_ _65\"> </span>Los <span class=\"_ _f\"></span>pagos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>intereses <span class=\"_ _f\"></span>previstos <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>futuro<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>asociados <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>\u201cDeudas <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>cr\u00e9dito <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>mercado <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> capitales\u201d <span class=\"_ _10\"> </span>y <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _3\"></span>ivos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"> </span>\u2013<span class=\"ff3\"> <span class=\"_ _10\"></span></span>financiaci\u00f3n <span class=\"_ _10\"></span>organismos <span class=\"_ _10\"></span>p\u00fablicos\u201d, <span class=\"_ _10\"></span>considerando <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>niveles <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e endeudamiento <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>tipos<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _f\"></span>de mercad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>actuales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sin <span class=\"_ _f\"></span>considerar <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>cob<span class=\"_ _3\"></span>erturas d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ter\u00e9s contratadas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>situar\u00e1n <span class=\"_ _f\"></span>en el <span class=\"_ _3\"></span>ento<span class=\"_ _3\"></span>rno <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0-15 <span class=\"_ _3\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>en E<span class=\"_ _3\"></span>NCE <span class=\"_ _3\"></span>Celulosa <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>en el <span class=\"_ _f\"></span>entorno <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span></span>8-9 millones \u20ac en ENCE Renov<span class=\"_ _3\"></span>ables.<span class=\"ff3\"> </span>El <span class=\"_ _2\"></span>coste <span class=\"_ _2\"></span>medio <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>euda <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>ENCE en <span class=\"_ _2\"></span>2025 <span class=\"_ _d\"></span>y 2024 <span class=\"_ _d\"></span>ha <span class=\"_ _2\"></span>sido <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>4,32% y <span class=\"_ _d\"></span>4,7%, respectivamente<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>Por <span class=\"_ _2\"></span>negocios, ENCE <span class=\"_ _f\"></span>Celulosa <span class=\"_ _f\"></span>ha <span class=\"_ _f\"></span>tenido <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>coste <span class=\"_ _f\"></span>medio <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>dichos <span class=\"_ _f\"></span>periodos <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>3,87% <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>4,50%, <span class=\"_ _f\"></span>respectiv<span class=\"_ _3\"></span>amente, <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>ENCE Renovables d<span class=\"_ _3\"></span>el 5,38% y 5,<span class=\"ls10\">25</span>%,<span class=\"_ _3\"></span> respectivamente Al <span class=\"_ _f\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>empresas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegram<span class=\"_ _3\"></span>ente <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>obligacion<span class=\"_ _3\"></span>es financieras <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cualquier <span class=\"_ _3\"></span>otro <span class=\"_ _3\"></span>tipo, <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>pudieran <span class=\"_ _3\"></span>dar <span class=\"_ _3\"></span>lugar <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>vencimiento <span class=\"_ _3\"></span>anticipado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>compromisos financieros.  La <span class=\"_ _19\"> </span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _19\"> </span>de <span class=\"_ _15\"> </span>ENCE <span class=\"_ _15\"> </span>no <span class=\"_ _19\"> </span>es<span class=\"_ _3\"></span>t\u00e1 <span class=\"_ _19\"> </span>su<span class=\"_ _3\"></span>jeta <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>n<span class=\"_ _3\"></span>ing\u00fan <span class=\"_ _19\"> </span>tipo <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>cl\u00e1us<span class=\"_ _3\"></span>ula <span class=\"_ _19\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _19\"> </span>implique <span class=\"_ _15\"> </span>su <span class=\"_ _19\"> </span>modificaci\u00f3n <span class=\"_ _15\"> </span>o renegociaci\u00f3n como cons<span class=\"_ _3\"></span>ecuencia de una <span class=\"_ _3\"></span>variaci\u00f3n en la calificaci\u00f3n crediticia<span class=\"_ _3\"></span><span class=\"ls13\">. <span class=\"_ _3\"></span></span> Endeuda<span class=\"_ _2\"></span>miento Negocio Celulosa<span class=\"_ _2\"></span> Obligaciones El <span class=\"_ _0\"></span>9 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>octub<span class=\"_ _3\"></span>re <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>2023 <span class=\"_ _f\"></span>ENCE <span class=\"_ _0\"></span>incorp<span class=\"_ _3\"></span>or\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>agar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado<span class=\"_ _3\"></span> Alternativo de <span class=\"_ _2\"></span>Renta Fija <span class=\"_ _2\"></span>(MARF) con <span class=\"_ _2\"></span>un l\u00edmite <span class=\"_ _d\"></span>m\u00e1xi<span class=\"_ _3\"></span>mo de <span class=\"_ _d\"></span>2<span class=\"_ _3\"></span>00 mill<span class=\"_ _2\"></span>ones \u20ac <span class=\"_ _2\"></span>y vencimientos de <span class=\"_ _2\"></span>hasta 24 <span class=\"_ _2\"></span>meses<span class=\"_ _3\"></span><span class=\"ff3 ls1f\">. </span>El <span class=\"_ _f\"></span>programa <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>renueva <span class=\"_ _f\"></span>anualmente, <span class=\"_ _f\"></span>siendo <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>\u00fa<span class=\"_ _3\"></span>ltima <span class=\"_ _f\"></span>renovaci\u00f3n <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>13 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>octubre <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>mismas condiciones. E<span class=\"_ _3\"></span>l coste medio en p<span class=\"_ _3\"></span>ara el a\u00f1o 2025 fue del 3,33% (4,53<span class=\"_ _3\"></span>% para en el a\u00f1o 202<span class=\"_ _3\"></span>4).<span class=\"_ _3\"></span>  L\u00ednea de cr\u00e9d<span class=\"_ _3\"></span>ito revolving ENCE <span class=\"_ _3\"></span>mantiene <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>sind<span class=\"_ _3\"></span>icato <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ban<span class=\"_ _3\"></span>cos <span class=\"_ _3\"></span>nacion<span class=\"_ _3\"></span>ales <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>internacionales<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trato <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _f\"></span>(revolving credit <span class=\"_ _3\"></span>facility) <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>130 <span class=\"_ _3\"></span>millones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>euros <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>vencimiento <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2030. <span class=\"_ _3\"></span>Esta <span class=\"_ _3\"></span>l\u00ednea <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dito <span class=\"_ _3\"></span>deveng<span class=\"_ _3\"></span>a un tipo<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>referenciado al <span class=\"_ _d\"></span>Euribo<span class=\"_ _3\"></span>r. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>l ti<span class=\"_ _2\"></span>po <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>establecido <span class=\"_ _2\"></span>podr\u00e1 verse <span class=\"_ _d\"></span>modificado anualmente en <span class=\"_ _d\"></span>25 puntos <span class=\"_ _d\"></span>b\u00e1sicos <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>funci\u00f3n <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>rating <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>sostenib<span class=\"_ _3\"></span>ilidad <span class=\"_ _d\"></span>medioambiental <span class=\"_ _2\"></span>Ethifinance <span class=\"_ _2\"></span>obtenido <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>ENCE, que <span class=\"_ _3\"></span>eval\u00faa <span class=\"_ _f\"></span>dicha <span class=\"_ _3\"></span>deuda <span class=\"_ _3\"></span>com<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>\u201cfinanciaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>verde\u201d. <span class=\"_ _3\"></span>Es<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _3\"></span>est\u00e1 <span class=\"_ _f\"></span>en s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>totali<span class=\"_ _f\"></span><span class=\"ff3\">dad <span class=\"_ _3\"></span>disp<span class=\"_ _3\"></span>onible <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 </span>de diciembre de 2025.<span class=\"_ _3\"></span> Pr\u00e9stamos ENCE <span class=\"_ _3\"></span>mantiene <span class=\"_ _3\"></span>suscritos<span class=\"_ _3\"></span> pr\u00e9stamos <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>conjunto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>285 <span class=\"_ _3\"></span>millones \u20ac <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>vencim<span class=\"_ _3\"></span>ientos <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>2026 y 2033. <span class=\"_ _3\"></span>Una parte <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> pr\u00e9stamos <span class=\"_ _3\"></span>con un <span class=\"_ _3\"></span>nominal d<span class=\"_ _3\"></span>e 41,8 millones \u20ac <span class=\"_ _3\"></span>devenga <span class=\"_ _3\"></span>un tipo<span class=\"_ _3\"></span> de inter\u00e9s <span class=\"_ _3\"></span>fijo en <span class=\"_ _3\"></span>el rango <span class=\"_ _3\"></span>1,95%<span class=\"_ _3\"></span>-4,6%. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>mporte <span class=\"_ _3\"></span>resta<span class=\"_ _3\"></span>nte <span class=\"_ _3\"></span>devenga <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nter<span class=\"_ _3\"></span>eses, <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _3\"></span>referenciados<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>Euribor <span class=\"_ _3\"></span>m\u00e1s <span class=\"_ _3\"></span>un diferencial <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>el rango <span class=\"_ _d\"></span>1,10<span class=\"_ _3\"></span>%-2,05%. El <span class=\"_ _d\"></span>tipo de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>establecido en <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>90% <span class=\"_ _2\"></span>de los <span class=\"_ _d\"></span>contra<span class=\"_ _3\"></span>tos suscritos <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>odr\u00e1 verse modificado a<span class=\"_ _3\"></span>nualmente en 25<span class=\"_ _3\"></span> puntos b<span class=\"_ _3\"></span>\u00e1sicos en funci\u00f3n<span class=\"_ _3\"></span> del rating de s<span class=\"_ _3\"></span>ostenibilidad<span class=\"_ _f\"></span> medioambiental de EthiFinance ob<span class=\"_ _3\"></span>tenido por ENCE.<span class=\"_ _3\"></span> Al objeto de cubrir e<span class=\"_ _2\"></span>l riesgo derivado de <span class=\"_ _2\"></span>la contrataci\u00f3n de e<span class=\"_ _2\"></span>sta financiaci\u00f3n a tipo de int<span class=\"_ _2\"></span>er\u00e9s variable, ENCE ha suscrito swaps de tipo de <span class=\"_ _2\"></span>inter\u00e9s que cubren el <span class=\"ls10\">52</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _2\"></span>variable, a un tipo fijo medio de 3,24% (v\u00e9ase N<span class=\"_ _3\"></span>ota 30).<span class=\"_ _65\"> </span>Financiaci\u00f3n Ne<span class=\"_ _2\"></span>gocio Energ\u00eda Ren<span class=\"_ _2\"></span>ovable Financiaci\u00f3n corpo<span class=\"_ _3\"></span>rativa Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _10\"> </span>11  de <span class=\"_ _10\"> </span>ju<span class=\"_ _3\"></span>lio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>20<span class=\"_ _3\"></span>24, <span class=\"_ _13\"> </span>Magnon <span class=\"_ _13\"> </span>Green <span class=\"_ _10\"> </span>E<span class=\"_ _3\"></span>nergy, <span class=\"_ _13\"> </span>S.L. <span class=\"_ _13\"> </span>(e<span class=\"_ _2\"></span>n <span class=\"_ _13\"> </span>adelante <span class=\"_ _13\"> </span>\u201cMAGNON\u201d),  <span class=\"ff3\">aco<span class=\"_ _3\"></span>rd\u00f3 <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>un </span>sindicato formado <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _2\"></span>14 <span class=\"_ _2\"></span>entidades <span class=\"_ _2\"></span>un contrato <span class=\"_ _d\"></span>de pr\u00e9stamo <span class=\"_ _d\"></span>por un <span class=\"_ _2\"></span>importe<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>inicialmente <span class=\"_ _2\"></span>disponible<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>170 millones <span class=\"_ _d\"></span>\u20ac y <span class=\"_ _d\"></span>una <span class=\"_ _2\"></span>l\u00ednea <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cr\u00e9dito <span class=\"_ _2\"></span>(RCF) <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _d\"></span>i<span class=\"_ _3\"></span>mporte <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>20 millones <span class=\"_ _d\"></span>\u20ac<span class=\"_ _3\"></span><span class=\"ff3\">. <span class=\"_ _2\"></span>Su <span class=\"_ _2\"></span>detalle <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31/12/2025 <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>iguiente: </span><table class=\"s w3ec h1d9\" id=\"_dfc3dd47-47ce-4b6b-9e01-c0ee874266be\"><tr><td></td><td></td><td class=\"c x589 y13b2 w31 h24\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td class=\"c x58a y13b2 w1a9 h24\"><div class=\"t_1 m0_1 x13 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo de  </div></td></tr><tr><td></td><td class=\"c x589 y13b3 w1aa h96\"><div class=\"t_1 m0_1 xe h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disponible </div></td><td class=\"c x58b y13b3 w1ab h96\"><div class=\"t_1 m0_1 xe h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto </div></td><td class=\"c x58c y13b3 w1a8 h96\"><div class=\"t_1 m0_1 x2a h20 y56 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x58a y13b3 w1a9 h96\"><div class=\"t_1 m0_1 x30 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inter\u00e9s </div></td></tr><tr><td class=\"c x58d y13b4 w1a7 h5c\"><div class=\"t_1 m0_1 x10 h20 y73a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 1\u00ba </div></td><td class=\"c x589 y13b4 w1aa h5c\"><div class=\"t_1 m0_1 x3d h20 y73a ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">53.586  </span></div></td><td class=\"c x58b y13b4 w1ab h5c\"><div class=\"t_1 m0_1 x10 h20 y73a ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">53.586  </span></div></td><td class=\"c x58c y13b4 w1a8 h5c\"><div class=\"t_1 m0_1 xc h20 y73a ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"lsd\">2031</span> </div></td><td class=\"c x58a y13b4 w1a9 h5c\"><div class=\"t_1 m0_1 x2a h20 y83 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2,00%-2,75% (i) </div></td></tr><tr><td class=\"c x58d y13b5 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 2\u00ba </div></td><td class=\"c x589 y13b5 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></td><td class=\"c x58b y13b5 w1ab h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></td><td class=\"c x58c y13b5 w1a8 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></td><td class=\"c x58a y13b5 w1a9 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3% (i) </div></td></tr><tr><td class=\"c x58d y13b6 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 3\u00ba </div></td><td class=\"c x589 y13b6 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></td><td class=\"c x58b y13b6 w1ab h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></td><td class=\"c x58c y13b6 w1a8 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls2d ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></td><td class=\"c x58a y13b6 w1a9 h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,82% </div></td></tr><tr><td class=\"c x58d y13b7 w1a7 h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 4\u00ba </div></td><td class=\"c x589 y13b7 w1aa h24\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">20.000  </span></div></td><td class=\"c x58b y13b7 w1ab h24\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x58c y13b7 w1a8 h24\"><div class=\"t_1 m0_1 xc h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"lsd\">2031</span> </div></td><td class=\"c x58a y13b7 w1a9 h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,25%-2,00% (i) </div></td></tr><tr><td></td><td class=\"c x589 y1095 w1aa h24\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"lsd\">175.586<span class=\"ls0_1\">  </span></span></div></td><td class=\"c x58b y1095 w1ab h24\"><div class=\"t_1 m0_1 x10 h58 y5e ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">            <span class=\"lsd\">155.586<span class=\"ls0_1\">  </span></span></div></td><td></td><td></td></tr></table>(i)<span class=\"ff4 ls0_1\"> <span class=\"_ _46\"> </span><span class=\"ff3 fs4\">Euribor <span class=\"_ _2\"></span>6 meses <span class=\"_ _2\"></span>m\u00e1s d<span class=\"_ _2\"></span>iferencial descrito. <span class=\"_ _2\"></span>En <span class=\"_ _2\"></span>los tramos <span class=\"_ _2\"></span>bancarios, el <span class=\"_ _d\"></span>ti<span class=\"_ _3\"></span>po <span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>variable en <span class=\"_ _2\"></span>funci\u00f3n del <span class=\"_ _d\"></span>r<span class=\"_ _3\"></span>atio </span></span>de endeudamiento de las entidades que conforman el per\u00edmetro de la fin<span class=\"_ _2\"></span>anciaci\u00f3n.<span class=\"_ _3\"></span> (ii)<span class=\"ff4 ls0_1\"> <span class=\"_ _47\"> </span><span class=\"ff3 fs4\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _2\"></span>a.<span class=\"_ _3\"></span> </span></span>Esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>incluye <span class=\"_ _f\"></span>como <span class=\"_ _3\"></span>prin<span class=\"_ _3\"></span>cipales <span class=\"_ _f\"></span>garant\u00edas <span class=\"_ _f\"></span>prenda <span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>bre <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>acciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>sociedades <span class=\"_ _f\"></span>Celulosa<span class=\"_ _3\"></span> Energ\u00eda <span class=\"_ _2\"></span>S.A.U., <span class=\"_ _d\"></span>Enc<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _d\"></span>P<span class=\"_ _3\"></span>uertollano, <span class=\"_ _2\"></span>S.L.U., <span class=\"_ _2\"></span>ENCE <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>nerg\u00eda <span class=\"_ _2\"></span>Huelva, <span class=\"_ _2\"></span>S.L.U., <span class=\"_ _d\"></span>En<span class=\"_ _3\"></span>ce <span class=\"_ _d\"></span>Energ\u00eda Huelva <span class=\"_ _d\"></span>Dos<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>S.L.U.,<span class=\"_ _3\"></span> ENCE E<span class=\"_ _3\"></span>nerg\u00eda Extremadura<span class=\"_ _3\"></span>, S.L.U. <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Magno<span class=\"_ _3\"></span>n Bio<span class=\"_ _3\"></span>masa, S.L., <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>sus <span class=\"_ _3\"></span>activos y <span class=\"_ _3\"></span>derechos <span class=\"_ _3\"></span>de cobro, <span class=\"_ _3\"></span>actuales y futuros. Asimismo, <span class=\"_ _3\"></span>esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>obligaciones, <span class=\"_ _f\"></span>habituales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>este <span class=\"_ _3\"></span>tip<span class=\"_ _3\"></span>o d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>financiaci\u00f3n; <span class=\"_ _3\"></span>el suministro <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>determinad<span class=\"_ _3\"></span>a <span class=\"_ _1a\"> </span>informaci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>car\u00e1cter <span class=\"_ _1a\"> </span>operativo <span class=\"_ _1a\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>financiera <span class=\"_ _18\"> </span><span class=\"ls3b\">y <span class=\"_ _1a\"> </span></span>el <span class=\"_ _17\"> </span>cumplimiento<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>de determinadosratios<span class=\"_ _3\"></span> <span class=\"_ _23\"> </span>econ\u00f3micos <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>s<span class=\"_ _3\"></span>olvencia <span class=\"_ _23\"> </span>y <span class=\"_ _1b\"> </span>rentabilidad. <span class=\"_ _23\"> </span>El<span class=\"_ _2\"></span> <span class=\"_ _23\"> </span>acuerdo <span class=\"_ _1b\"> </span>contempla <span class=\"_ _23\"> </span>asimismo <span class=\"_ _23\"> </span>el<span class=\"_ _65\"> </span>cumplimiento de determin<span class=\"_ _3\"></span>ados ratios ligad<span class=\"_ _3\"></span>os al endeudamiento, la situaci\u00f3<span class=\"_ _3\"></span>n patrimonial y la capacid<span class=\"_ _3\"></span>ad de generaci\u00f3n <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>caj<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>negocio, <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>poder <span class=\"_ _3\"></span>llevar <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>cabo <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>repar<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>dividen<span class=\"_ _f\"></span>dos. <span class=\"_ _3\"></span>Al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de 2025 se cumplen d<span class=\"_ _3\"></span>ichos ratios. El importe de los cos<span class=\"_ _3\"></span>tes de estructuraci\u00f3n<span class=\"_ _3\"></span> y otros gasto<span class=\"_ _3\"></span>s incurridos en la ob<span class=\"_ _3\"></span>tenci\u00f3n de esta finan<span class=\"_ _3\"></span>ciaci\u00f3n ha sido de 5,5 millones \u20ac.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></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=\"_ _10\"></span>contrataci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _10\"></span>esta <span class=\"_ _f\"></span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _10\"></span>variable, MAGNON <span class=\"_ _3\"></span>disp<span class=\"_ _3\"></span>one <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contra<span class=\"_ _3\"></span>tos <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cobertura <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>tipos d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _3\"></span>(IRS). <span class=\"_ _3\"></span>Dichos <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>tratos <span class=\"_ _f\"></span>cubren <span class=\"_ _f\"></span>el <span class=\"ls10\">70</span>% <span class=\"_ _f\"></span>de<span class=\"_ _2\"></span> la <span class=\"_ _10\"> </span>finan<span class=\"_ _3\"></span>ciaci\u00f3n <span class=\"_ _13\"> </span>dispuesta <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>u<span class=\"_ _2\"></span>n <span class=\"_ _13\"> </span>tipo <span class=\"_ _10\"> </span>fijo <span class=\"_ _13\"> </span>medio <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>2,8%. <span class=\"_ _13\"> </span>A<span class=\"_ _2\"></span>dicionalmente <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>2024 <span class=\"_ _10\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>ca<span class=\"_ _3\"></span>ncelaron <span class=\"_ _13\"> </span>los <span class=\"_ _10\"> </span>IRS contratados<span class=\"_ _3\"></span> para dar cobertura a la finan<span class=\"_ _3\"></span>ciaci\u00f3n previa (v\u00e9ase No<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span><span class=\"ls10\">30<span class=\"ls18\">).</span></span> El <span class=\"_ _3\"></span>destino <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>esta <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>ha s<span class=\"_ _3\"></span>ido <span class=\"_ _3\"></span>cancelar <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>dispu<span class=\"_ _3\"></span>esta por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>negocio <span class=\"_ _3\"></span>firmada <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>201<span class=\"_ _3\"></span>7 <span class=\"_ _3\"></span><span class=\"ls17\">y </span>la <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>operaciones <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>necesidades <span class=\"_ _f\"></span>generales <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>MAGNON<span class=\"_ _3\"></span>. <span class=\"_ _f\"></span>Adicionalmente <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>permitido <span class=\"_ _f\"></span>la distribuci\u00f3n de <span class=\"_ _d\"></span>25 millones <span class=\"_ _d\"></span>\u20ac en <span class=\"_ _2\"></span>compensaci\u00f3n de <span class=\"_ _d\"></span>los pr\u00e9stamos <span class=\"_ _2\"></span>puente <span class=\"_ _2\"></span>otorgados por <span class=\"_ _d\"></span>los accionistas <span class=\"_ _2\"></span>hasta que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>rodujera <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>implem<span class=\"_ _2\"></span>entaci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>regulatorio <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el s<span class=\"_ _3\"></span>ector <span class=\"_ _3\"></span>energ\u00e9tico <span class=\"_ _3\"></span>aplicab<span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>plantas de MAGNON. Esta financiaci\u00f3n<span class=\"_ _3\"></span> cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _3\"></span>nanciaci\u00f3n y no como un<span class=\"_ _3\"></span>a modificaci\u00f3n de la financiaci\u00f3n exis<span class=\"_ _3\"></span>tente previamente.<span class=\"_ _f\"></span> Project Finance <span class=\"_ _3\"></span>Planta biometano L<span class=\"_ _3\"></span>a Galera Con <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>enero <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2025,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Biofertilizan<span class=\"_ _3\"></span>tes <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Biometa<span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>Camarles, <span class=\"_ _3\"></span>S.L.<span class=\"_ _3\"></span><span class=\"ls14\">, <span class=\"_ _3\"></span></span>100<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>participada <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>ENCE<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>y Biog\u00e1s <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Biometeg\u00e1s <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>Galer<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>S.L. <span class=\"_ _0\"></span>100% <span class=\"_ _0\"></span>participad<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _0\"></span>Biofertilizantes <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>Biometano <span class=\"_ _0\"></span>Camarles, <span class=\"_ _0\"></span>S.L, <span class=\"_ _0\"></span>han<span class=\"_ _65\"> </span>suscrito <span class=\"_ _f\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _f\"></span>entidad <span class=\"_ _f\"></span>financiera <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>contrato <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>pr\u00e9stamo <span class=\"_ _f\"></span>bajo <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>modalid<span class=\"_ _3\"></span>ad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>\u201cProject <span class=\"_ _f\"></span>finance\u201d <span class=\"_ _10\"> </span><span class=\"ff3\">por </span>importe <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>19.582 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciar <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>quisici\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>posterior <span class=\"_ _0\"></span>ampliaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>planta <span class=\"_ _0\"></span>de biometano situad<span class=\"_ _3\"></span>a en el municipio de la Galera <span class=\"_ _3\"></span>(Tarragona<span class=\"_ _3\"></span><span class=\"ls18\">).</span> A 31 de <span class=\"_ _2\"></span>diciembre de 2025 se e<span class=\"_ _2\"></span>ncontraban<span class=\"_ _3\"></span> dispuestos <span class=\"ls10\">14.259</span> miles de <span class=\"_ _2\"></span>euros y su vencimiento se producir\u00e1 el <span class=\"_ _13\"> </span>30 <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>junio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>2.037. <span class=\"_ _13\"> </span>Esta <span class=\"_ _13\"> </span>financiaci\u00f3n <span class=\"_ _13\"> </span>devenga <span class=\"_ _10\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _13\"> </span>coste <span class=\"_ _13\"> </span>ref<span class=\"_ _2\"></span>erenciado <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>Euribor <span class=\"_ _13\"> </span>6 <span class=\"_ _10\"> </span>meses <span class=\"_ _13\"> </span>m\u00e1s <span class=\"_ _13\"> </span>un diferencial de 2,25%. <span class=\"_ _3\"></span>  Esta <span class=\"_ _f\"></span>financiaci\u00f3n <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>cluye <span class=\"_ _3\"></span>garant\u00edas <span class=\"_ _f\"></span>vinculadas <span class=\"_ _f\"></span>exclusivamente <span class=\"_ _3\"></span>al <span class=\"_ _f\"></span>activo <span class=\"_ _3\"></span>financiad<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>tanto <span class=\"_ _f\"></span>sin <span class=\"_ _3\"></span>recurs<span class=\"_ _3\"></span>o al <span class=\"_ _10\"> </span>resto<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>sociedades <span class=\"_ _13\"> </span>o <span class=\"_ _10\"> </span>activos <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>Grupo, <span class=\"_ _13\"> </span>entre <span class=\"_ _10\"> </span>otras, <span class=\"_ _13\"> </span>prenda <span class=\"_ _10\"> </span>sobre <span class=\"_ _13\"> </span>el <span class=\"_ _10\"> </span>100% <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>accion<span class=\"_ _3\"></span>es <span class=\"_ _10\"> </span>de  los<span class=\"_ _2\"></span> financiados,<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>sobre <span class=\"_ _15\"> </span>sus <span class=\"_ _19\"> </span>act<span class=\"_ _3\"></span>ivos, <span class=\"_ _19\"> </span>y <span class=\"_ _15\"> </span>sobre <span class=\"_ _19\"> </span>sus <span class=\"_ _15\"> </span>derechos <span class=\"_ _15\"> </span>de <span class=\"_ _19\"> </span>cobro, <span class=\"_ _15\"> </span>actuales <span class=\"_ _15\"> </span>y <span class=\"_ _19\"> </span>futu<span class=\"_ _3\"></span>ros. <span class=\"_ _19\"> </span>Asimismo, <span class=\"_ _15\"> </span>esta financiaci\u00f3n <span class=\"_ _16\"> </span>incluye  obligaci<span class=\"_ _3\"></span>ones <span class=\"_ _16\"> </span>de  suministro<span class=\"_ _3\"></span>  de <span class=\"_ _16\"> </span>determinada <span class=\"_ _16\"> </span>informaci\u00f3n  d<span class=\"_ _3\"></span>e  car<span class=\"_ _3\"></span>\u00e1cter  op<span class=\"_ _3\"></span>erativo  y financiero, <span class=\"_ _13\"> </span>habituales  de <span class=\"_ _13\"> </span>este <span class=\"_ _10\"> </span>tip<span class=\"_ _3\"></span>o <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>financiaci\u00f3n,  a<span class=\"_ _2\"></span>s\u00ed  c<span class=\"_ _2\"></span>omo <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>cumpl<span class=\"_ _3\"></span>imiento <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>determinados  ratios<span class=\"_ _2\"></span> econ\u00f3micos d<span class=\"_ _3\"></span>e solvencia <span class=\"_ _3\"></span>y re<span class=\"_ _3\"></span>ntabilidad <span class=\"_ _3\"></span>asociados <span class=\"_ _3\"></span>a informaci\u00f3n <span class=\"_ _3\"></span>financiera con<span class=\"_ _3\"></span>solidada <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>los financiados<span class=\"ls1f\">. </span>Al <span class=\"_ _16\"> </span>31  de <span class=\"_ _16\"> </span>diciembre <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>2025 <span class=\"_ _16\"> </span>se <span class=\"_ _16\"> </span>cumpl<span class=\"_ _3\"></span>en <span class=\"_ _16\"> </span>dichos <span class=\"_ _16\"> </span>ratios<span class=\"_ _3\"></span><span class=\"ls1f\">. <span class=\"_ _16\"> </span></span>Tambi\u00e9n <span class=\"_ _16\"> </span>incluye <span class=\"_ _16\"> </span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>restricciones, principalmente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>reparto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>divid<span class=\"_ _3\"></span>endos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>obtenci\u00f3n <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>nu<span class=\"_ _3\"></span>eva <span class=\"_ _0\"></span>financiaci\u00f3n, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>disposici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una tesorer\u00eda m\u00ednima equivalent<span class=\"_ _3\"></span>e a 6 meses de cob<span class=\"_ _3\"></span>ertura del servicio d<span class=\"_ _3\"></span>e la deuda.<span class=\"_ _3\"></span> Al <span class=\"_ _2\"></span>objeto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>cubrir <span class=\"_ _2\"></span>el rie<span class=\"_ _2\"></span>sgo derivado <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>contrataci\u00f3n de <span class=\"_ _d\"></span>e<span class=\"_ _3\"></span>sta f<span class=\"_ _2\"></span>inanciaci\u00f3n a <span class=\"_ _d\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>inter\u00e9s <span class=\"_ _2\"></span>variable, ENCE ha <span class=\"_ _0\"></span>suscrito <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>entidad <span class=\"_ _0\"></span>finan<span class=\"_ _3\"></span>ciador<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>pro<span class=\"_ _3\"></span>yecto, <span class=\"_ _0\"></span>contratos<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>cobertu<span class=\"_ _3\"></span>ra <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>tipos<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>inter\u00e9s <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>un<span class=\"_ _3\"></span> nocional equivalent<span class=\"_ _3\"></span>e al <span class=\"ls10\">100</span>% <span class=\"_ _3\"></span>de las cantid<span class=\"_ _3\"></span>ades dispu<span class=\"_ _3\"></span>estas estimadas dura<span class=\"_ _3\"></span>nte la vigencia de la financiaci\u00f3n<span class=\"_ _3\"></span> a un tipo fijo medio <span class=\"_ _3\"></span>de 2,58%. La presente Financiaci\u00f3n<span class=\"_ _3\"></span> se configura como un P<span class=\"_ _3\"></span>r\u00e9stamo Verde bajo lo<span class=\"_ _3\"></span>s Principios d<span class=\"_ _3\"></span>e Pr\u00e9stamos Verdes<span class=\"_ _f\"></span>. Financiaci\u00f3n cance<span class=\"_ _3\"></span>lada Durante <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>a\u00f1<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>2025 <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cancelaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>anticipada <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2 p<span class=\"_ _3\"></span>r\u00e9stamos <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>importe <span class=\"_ _f\"></span>dispuesto <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la fecha de cancelaci\u00f3n <span class=\"_ _3\"></span>de 35.50<span class=\"_ _3\"></span>0 miles <span class=\"ff6\">\u20ac</span><span class=\"ls13\">. </span>Esta financiaci\u00f3n<span class=\"_ _3\"></span> presentaba s<span class=\"_ _3\"></span>u vencimiento el <span class=\"_ _3\"></span>12 de dicie<span class=\"_ _3\"></span>mbre de 2025 <span class=\"_ _f\"></span>(25.500 <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>iles <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>euros<span class=\"_ _3\"></span>) <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>28 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>marzo<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>2028<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>(10.000 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros) <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>estaba <span class=\"_ _3\"></span>contra<span class=\"_ _3\"></span>tada <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>n inter\u00e9s variable referenciad<span class=\"_ _3\"></span>o al Eurib<span class=\"_ _3\"></span>or con un margen situad<span class=\"_ _3\"></span>o en el rango <span class=\"_ _3\"></span><span class=\"ls10\">1,</span>7<span class=\"ls3e\">% <span class=\"_ _3\"></span></span>- 2%.<span class=\"_ _65\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "28.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Estado de flujos de efectiv<span class=\"_ _2\"></span>o (EFE) </span></span>Se <span class=\"_ _13\"> </span>muestra <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>continuaci\u00f3n  l<span class=\"_ _2\"></span>a <span class=\"_ _13\"> </span>conciliaci\u00f3n  entre <span class=\"_ _13\"> </span>las<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>variaciones  e<span class=\"_ _2\"></span>n  e<span class=\"_ _2\"></span>l <span class=\"_ _13\"> </span>endeudamiento  financiero <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>Grupo (deudas <span class=\"_ _3\"></span>con entidades d<span class=\"_ _3\"></span>e cr\u00e9dito y <span class=\"_ _3\"></span>mercado de <span class=\"_ _3\"></span>capitales y otro<span class=\"_ _3\"></span>s pasivos <span class=\"_ _3\"></span>financieros) y <span class=\"_ _3\"></span>los flujos d<span class=\"_ _3\"></span>e financiaci\u00f3n recogidos en el e<span class=\"_ _2\"></span>p\u00edgrafe \u201cCobros y pagos por instrumentos de <span class=\"_ _2\"></span>pasivo financiero\u201d del Estado <span class=\"_ _2\"></span>de Flujos de Efectivo<span class=\"_ _2\"></span> en 2025 y 2024:<div class=\"gs31\"><table class=\"s w3f4 h1e1\" id=\"_deba97b3-49df-4127-b029-ff6ce8c856a2\"><tr><td></td><td></td><td class=\"c x59a y13da w1b5 h34\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Flujos de efe<span class=\"_ _2\"></span>ctivo </div></td><td></td><td></td><td></td><td class=\"c x59b y13da w1b6 h34\"><div class=\"t_1 m0_1 x30 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones de de<span class=\"_ _2\"></span>uda sin i<span class=\"_ _2\"></span>mpacto en <span class=\"_ _2\"></span>EFE </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x59c y13dc w3f5 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Emisiones <span class=\"_ _2\"></span>y<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td class=\"c x59d y13dc w3f6 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x59e y13dc w3f7 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Actualiza<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x59f y13dd w3f8 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Reembolsos<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5a0 y13dd w3f9 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a1 y13dd w3fa h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo de<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x5a2 y13de w3fb h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x5a3 y13de w3fc h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">disposicione<span class=\"_ _2\"></span>s<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a4 y13de w3fd h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pago de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a5 y13de w3fe h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">por derecho<span class=\"_ _2\"></span>s<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5a6 y13de w3ff h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">ci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5a7 y13de w400 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5a8 y13df wa5 hd6\"><div class=\"t_1 m0_1 x10 hf6 y75d ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5a9 y13e0 w401 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">/ Cuotas<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5aa y13e0 w402 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5ab y13e0 w403 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">costes de<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x5ac y13e1 w404 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1/1/2025<span class=\"_ _65\"> </span></div></td><td class=\"c x5ad y13e1 w405 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(Netas de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5ae y13e1 w406 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a5 y13e1 w407 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de uso sobre<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5af y13e1 w408 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">financier<span class=\"_ _65\"> </span></div></td><td class=\"c x5b0 y13e1 w409 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x5a9 y13e2 w40a h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">pagadas<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5a0 y13e2 w40b h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses<span class=\"_ _65\"> </span></div></td><td class=\"c x5b1 y13e2 w40c h1e2\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">estructura<span class=\"_ _2\"></span>ci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x5b2 y13e3 w40d h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">gastos)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x5b3 y13e3 w40e h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5af y13e3 w40f h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">a y otros<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y13e5 w410 h1e3\"><div class=\"t_1 m0_1 x1c9 hf7 y13e4 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _2\"></span>ra Nego<span class=\"_ _2\"></span>cio CELULOSA<span class=\"_ _2\"></span> -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5b4 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _2\"></span>s y bonos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13e6 w5c h22\"><div class=\"t_1 m0_1 x2f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td><td class=\"c x59a y13e6 w1a1 h22\"><div class=\"t_1 m0_1 x13 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">87.400 </div></td><td class=\"c x5b6 y13e6 w1b7 h22\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(83.900) </div></td><td class=\"c x5b7 y13e6 w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13e6 w1b9 h22\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(535) </div></td><td class=\"c x5b8 y13e6 w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13e6 w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13e6 wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13e6 w51 h22\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">76.526 </div></td></tr><tr><td class=\"c x5a8 y13e7 wa5 h3a\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _2\"></span>carios </div></td><td class=\"c x5b5 y13e7 w5c h3a\"><div class=\"t_1 m0_1 x1_1 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">277.566 </div></td><td class=\"c x59a y13e7 w1a1 h3a\"><div class=\"t_1 m0_1 x2_1 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">106.329 </div></td><td class=\"c x5b6 y13e7 w1b7 h3a\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(97.337) </div></td><td class=\"c x5b7 y13e7 w1b8 h3a\"><div class=\"t_1 m0_1 x50 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.155) </div></td><td class=\"c x59b y13e7 w1b9 h3a\"><div class=\"t_1 m0_1 x18 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y13e7 w1bb h3a\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.329) </div></td><td class=\"c x5b9 y13e7 w1ba h3a\"><div class=\"t_1 m0_1 x15 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">511<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13e7 wf3 h3a\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13e7 w51 h3a\"><div class=\"t_1 m0_1 x1f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">284.585 </div></td></tr><tr><td class=\"c x5a8 y13e8 wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivo<span class=\"_ _2\"></span>s financieros<span class=\"_ _2\"></span> </div></td><td class=\"c x5b5 y13e8 w5c h22\"><div class=\"t_1 m0_1 x2f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></td><td class=\"c x59a y13e8 w1a1 h22\"><div class=\"t_1 m0_1 x20 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">812<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b6 y13e8 w1b7 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(9.856) </div></td><td class=\"c x5b7 y13e8 w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13e8 w1b9 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(75) </div></td><td class=\"c x5b8 y13e8 w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13e8 w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13e8 wf3 h22\"><div class=\"t_1 m0_1 x13 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x5bb y13e8 w51 h22\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">25.319 </div></td></tr><tr><td class=\"c x5a8 y13e9 wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _2\"></span>ntereses, cu<span class=\"_ _2\"></span>p\u00f3n y otros </div></td><td class=\"c x5b5 y13e9 w5c h22\"><div class=\"t_1 m0_1 x1f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td><td class=\"c x59a y13e9 w1a1 h22\"><div class=\"t_1 m0_1 x1d hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13e9 w1b7 h22\"><div class=\"t_1 m0_1 x15 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y13e9 w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13e9 w1b9 h22\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(646) </div></td><td class=\"c x5b8 y13e9 w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13e9 w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13e9 wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13e9 w51 h22\"><div class=\"t_1 m0_1 x18 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.503 </div></td></tr><tr><td class=\"c x5bc y13ea w411 h1e4\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _2\"></span>derecho de u<span class=\"_ _2\"></span>so sobre<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13eb w5c he6\"><div class=\"t_1 m0_1 x2f hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">52.806 </div></td><td class=\"c x59a y13eb w1a1 he6\"><div class=\"t_1 m0_1 x1d hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13eb w1b7 he6\"><div class=\"t_1 m0_1 xc hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(8.860) </div></td><td></td><td class=\"c x59b y13eb w1b9 he6\"><div class=\"t_1 m0_1 x1_1 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.158 </div></td><td class=\"c x5b8 y13eb w1bb he6\"><div class=\"t_1 m0_1 xc7 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.211 </div></td><td class=\"c x5b9 y13eb w1ba he6\"><div class=\"t_1 m0_1 x41 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13eb wf3 he6\"><div class=\"t_1 m0_1 xb3 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13eb w51 he6\"><div class=\"t_1 m0_1 x30 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">61.315 </div></td></tr><tr><td class=\"c x1ca y13ec w412 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13ed w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">440.489 </div></td><td class=\"c x59a y13ed w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">194.541 </div></td><td class=\"c x5b6 y13ed w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(199.953) </div></td><td class=\"c x5b7 y13ed w1b8 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.155) </div></td><td class=\"c x59b y13ed w1b9 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.902 </div></td><td class=\"c x5b8 y13ed w1bb h15\"><div class=\"t_1 m0_1 xc7 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.211 </div></td><td class=\"c x5b9 y13ed w1ba h15\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">511<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13ed wf3 h15\"><div class=\"t_1 m0_1 x2a hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.298) </div></td><td class=\"c x5bb y13ed w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">449.248 </div></td></tr><tr><td class=\"c x5bc y13ee w413 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _2\"></span>nancieros de<span class=\"_ _2\"></span>rivados<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13ef w5c h31\"><div class=\"t_1 m0_1 x2f hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(3.027) </div></td><td class=\"c x59a y13ef w1a1 h31\"><div class=\"t_1 m0_1 x1d hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13ef w1b7 h31\"><div class=\"t_1 m0_1 x15 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y13ef w1b8 h31\"><div class=\"t_1 m0_1 x19 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(884) </div></td><td class=\"c x59b y13ef w1b9 h31\"><div class=\"t_1 m0_1 x1_1 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.096 </div></td><td class=\"c x5b8 y13ef w1bb h31\"><div class=\"t_1 m0_1 x32 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13ef w1ba h31\"><div class=\"t_1 m0_1 x41 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13ef wf3 h31\"><div class=\"t_1 m0_1 x2_1 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">777<span class=\"ls0_1\"> </span></div></td><td class=\"c x5bb y13ef w51 h31\"><div class=\"t_1 m0_1 x13 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.038) </div></td></tr><tr><td class=\"c x1ca y13f0 w414 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _2\"></span>a financiaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13f1 w5c h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">437.462 </div></td><td class=\"c x59a y13f1 w1a1 h34\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">194.541 </div></td><td class=\"c x5b6 y13f1 w1b7 h34\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(199.953) </div></td><td class=\"c x5b7 y13f1 w1b8 h34\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.039) </div></td><td class=\"c x59b y13f1 w1b9 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.998 </div></td><td class=\"c x5b8 y13f1 w1bb h34\"><div class=\"t_1 m0_1 xc7 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.211 </div></td><td class=\"c x5b9 y13f1 w1ba h34\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">511<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13f1 wf3 h34\"><div class=\"t_1 m0_1 x2b hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(521) </div></td><td class=\"c x5bb y13f1 w51 h34\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">447.210 </div></td></tr><tr><td class=\"c x1ca y13f3 w415 h1e5\"><div class=\"t_1 m0_1 x1c9 hf7 y13f2 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _2\"></span>ra Nego<span class=\"_ _2\"></span>cio RENOVAB<span class=\"_ _2\"></span>LES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5b4 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _2\"></span>s y bonos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13f4 w5c h15\"><div class=\"t_1 m0_1 x44 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59a y13f4 w1a1 h15\"><div class=\"t_1 m0_1 x1d hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13f4 w1b7 h15\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y13f4 w1b8 h15\"><div class=\"t_1 m0_1 x1e hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13f4 w1b9 h15\"><div class=\"t_1 m0_1 x18 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y13f4 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13f4 w1ba h15\"><div class=\"t_1 m0_1 x41 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13f4 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f4 w51 h15\"><div class=\"t_1 m0_1 x35 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x5a8 y13f5 wa5 h15\"><div class=\"t_1 m0_1 xc hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos Sindi<span class=\"_ _2\"></span>cado-Corporat<span class=\"_ _2\"></span>ivo </div></td><td class=\"c x5b5 y13f5 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">162.324 </div></td><td class=\"c x59a y13f5 w1a1 h15\"><div class=\"t_1 m0_1 x1d hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13f5 w1b7 h15\"><div class=\"t_1 m0_1 x2b hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(11.968) </div></td><td class=\"c x5b7 y13f5 w1b8 h15\"><div class=\"t_1 m0_1 x1e hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13f5 w1b9 h15\"><div class=\"t_1 m0_1 x18 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y13f5 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13f5 w1ba h15\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">809<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13f5 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f5 w51 h15\"><div class=\"t_1 m0_1 x1f hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">151.165 </div></td></tr><tr><td class=\"c x5a8 y13f6 wa5 h15\"><div class=\"t_1 m0_1 xc hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Project Finance-<span class=\"_ _2\"></span>Planta Bio<span class=\"_ _2\"></span>metano </div></td><td class=\"c x5b5 y13f6 w5c h15\"><div class=\"t_1 m0_1 x44 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59a y13f6 w1a1 h15\"><div class=\"t_1 m0_1 x13 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.295 </div></td><td class=\"c x5b6 y13f6 w1b7 h15\"><div class=\"t_1 m0_1 x18 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(35) </div></td><td class=\"c x5b7 y13f6 w1b8 h15\"><div class=\"t_1 m0_1 x19 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(403) </div></td><td class=\"c x59b y13f6 w1b9 h15\"><div class=\"t_1 m0_1 x13 hf7 y35 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">32<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13f6 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13f6 w1ba h15\"><div class=\"t_1 m0_1 x41 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13f6 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f6 w51 h15\"><div class=\"t_1 m0_1 x30 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">13.889 </div></td></tr><tr><td class=\"c x5a8 y13f7 wa5 h34\"><div class=\"t_1 m0_1 xc hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _2\"></span>ntereses, cu<span class=\"_ _2\"></span>p\u00f3n y otros </div></td><td class=\"c x5b5 y13f7 w5c h34\"><div class=\"t_1 m0_1 xcb hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">95<span class=\"ls0_1\"> </span></div></td><td class=\"c x59a y13f7 w1a1 h34\"><div class=\"t_1 m0_1 x20 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">123<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b6 y13f7 w1b7 h34\"><div class=\"t_1 m0_1 x13 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(215) </div></td><td class=\"c x5b7 y13f7 w1b8 h34\"><div class=\"t_1 m0_1 x1e hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y13f7 w1b9 h34\"><div class=\"t_1 m0_1 x13 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">19<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13f7 w1bb h34\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13f7 w1ba h34\"><div class=\"t_1 m0_1 x41 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13f7 wf3 h34\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f7 w51 h34\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">22<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x5bc y13f8 w411 h1e6\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _2\"></span>derecho de u<span class=\"_ _2\"></span>so sobre<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13f9 w5c he6\"><div class=\"t_1 m0_1 x1f hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></td><td class=\"c x59a y13f9 w1a1 he6\"><div class=\"t_1 m0_1 x1d hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13f9 w1b7 he6\"><div class=\"t_1 m0_1 xc hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.729) </div></td><td></td><td class=\"c x59b y13f9 w1b9 he6\"><div class=\"t_1 m0_1 x2_1 hf7 y64b ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">199<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13f9 w1bb he6\"><div class=\"t_1 m0_1 xcb hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.931 </div></td><td class=\"c x5b9 y13f9 w1ba he6\"><div class=\"t_1 m0_1 x41 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13f9 wf3 he6\"><div class=\"t_1 m0_1 xb3 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13f9 w51 he6\"><div class=\"t_1 m0_1 x18 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.145 </div></td></tr><tr><td class=\"c x1ca y13fa w412 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13fb w5c h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">168.163 </div></td><td class=\"c x59a y13fb w1a1 h34\"><div class=\"t_1 m0_1 x13 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.418 </div></td><td class=\"c x5b6 y13fb w1b7 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(14.947) </div></td><td class=\"c x5b7 y13fb w1b8 h34\"><div class=\"t_1 m0_1 x19 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(403) </div></td><td class=\"c x59b y13fb w1b9 h34\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">250<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13fb w1bb h34\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.931 </div></td><td class=\"c x5b9 y13fb w1ba h34\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">809<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13fb wf3 h34\"><div class=\"t_1 m0_1 xb3 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y13fb w51 h34\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">170.221 </div></td></tr><tr><td class=\"c x5bc y13fc w413 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _2\"></span>nancieros de<span class=\"_ _2\"></span>rivados<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13fd w5c hd7\"><div class=\"t_1 m0_1 x2f hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.261) </div></td><td class=\"c x59a y13fd w1a1 hd7\"><div class=\"t_1 m0_1 x1d hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y13fd w1b7 hd7\"><div class=\"t_1 m0_1 x15 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y13fd w1b8 hd7\"><div class=\"t_1 m0_1 x19 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls3f\">496</span>) </div></td><td class=\"c x59b y13fd w1b9 hd7\"><div class=\"t_1 m0_1 x2_1 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">496<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13fd w1bb hd7\"><div class=\"t_1 m0_1 x32 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y13fd w1ba hd7\"><div class=\"t_1 m0_1 x41 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y13fd wf3 hd7\"><div class=\"t_1 m0_1 x1_1 hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></td><td class=\"c x5bb y13fd w51 hd7\"><div class=\"t_1 m0_1 x1e hf7 ya99 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(633) </div></td></tr><tr><td class=\"c x1ca y13fe w414 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _2\"></span>a financiaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y13ff w5c h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">165.902 </div></td><td class=\"c x59a y13ff w1a1 h34\"><div class=\"t_1 m0_1 x13 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.418 </div></td><td class=\"c x5b6 y13ff w1b7 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(14.947) </div></td><td class=\"c x5b7 y13ff w1b8 h34\"><div class=\"t_1 m0_1 x19 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(899) </div></td><td class=\"c x59b y13ff w1b9 h34\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">746<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y13ff w1bb h34\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.931 </div></td><td class=\"c x5b9 y13ff w1ba h34\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">809<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y13ff wf3 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></td><td class=\"c x5bb y13ff w51 h34\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">169.588 </div></td></tr><tr><td></td><td class=\"c x5b5 y1400 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">603.364 </div></td><td class=\"c x59a y1400 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">208.959 </div></td><td class=\"c x5b6 y1400 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(214.900) </div></td><td class=\"c x5b7 y1400 w1b8 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.938) </div></td><td class=\"c x59b y1400 w1b9 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.744 </div></td><td class=\"c x5b8 y1400 w1bb h15\"><div class=\"t_1 m0_1 xc7 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">16.142 </div></td><td class=\"c x5b9 y1400 w1ba h15\"><div class=\"t_1 m0_1 x11 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.320 </div></td><td></td><td class=\"c x5ba y1400 wf3 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.107 </div></td><td class=\"c x5bb y1400 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">616.799 </div></td></tr><tr><td></td><td></td><td class=\"c x59a y1401 w1b5 h34\" colspan=\"2\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Flujos de efe<span class=\"_ _2\"></span>ctivo </div></td><td></td><td class=\"c x59b y1401 w1b6 h34\" colspan=\"2\"><div class=\"t_1 m0_1 x30 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones de de<span class=\"_ _2\"></span>uda sin i<span class=\"_ _2\"></span>mpacto en <span class=\"_ _2\"></span>EFE </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x59c y1402 w3f5 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Emisiones <span class=\"_ _2\"></span>y<span class=\"_ _65\"> </span></div></td><td class=\"c x59f y1403 w3f8 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Reembolsos<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a0 y1403 w3f9 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo<span class=\"_ _65\"> </span></div></td><td class=\"c x59d y1402 w3f6 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td class=\"c x5a1 y1403 w3fa h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x59e y1402 w3f7 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Actualiza<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x5a2 y1404 w3fb h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td><td class=\"c x5a3 y1404 w3fc h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">disposicione<span class=\"_ _2\"></span>s<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a4 y1404 w3fd h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pago de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a5 y1404 w3fe h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">por derecho<span class=\"_ _2\"></span>s<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5a6 y1404 w3ff h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">ci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5a7 y1404 w400 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5a8 y1405 wa5 hd6\"><div class=\"t_1 m0_1 x10 hf6 y75d ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5a9 y1406 w401 h1e2\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">/ Cuotas<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5aa y1406 w402 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5ab y1406 w403 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">costes de<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x5ac y1407 w404 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1/1/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x5ad y1407 w405 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(Netas de<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5ae y1407 w406 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a5 y1407 w407 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de uso sobre<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5af y1407 w408 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">financier<span class=\"_ _65\"> </span></div></td><td class=\"c x5b0 y1407 w409 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x5a9 y1408 w40a h1e2\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">pagadas<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5a0 y1408 w40b h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses<span class=\"_ _65\"> </span></div></td><td class=\"c x5b1 y1408 w40c h1e2\" colspan=\"2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">estructura<span class=\"_ _2\"></span>ci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x5b2 y1409 w40d h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">gastos)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x5b3 y1409 w40e h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5af y1409 w40f h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">a y otros<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x1ca y140a w410 h1e3\"><div class=\"t_1 m0_1 x1c9 hf7 y13e4 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _2\"></span>ra Nego<span class=\"_ _2\"></span>cio CELULOSA<span class=\"_ _2\"></span> -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5b4 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _2\"></span>s y bonos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y140b w5c h22\"><div class=\"t_1 m0_1 x2f hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">53.047 </div></td><td class=\"c x59a y140b w1a1 h22\"><div class=\"t_1 m0_1 x2_1 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">215.400 </div></td><td class=\"c x5b6 y140b w1b7 h22\"><div class=\"t_1 m0_1 x50 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(193.800) </div></td><td class=\"c x5b7 y140b w1b8 h22\"><div class=\"t_1 m0_1 x50 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(4.476) </div></td><td class=\"c x59b y140b w1b9 h22\"><div class=\"t_1 m0_1 x1_1 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.390 </div></td><td class=\"c x5b8 y140b w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y140b w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y140b wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y140b w51 h22\"><div class=\"t_1 m0_1 x30 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></td></tr><tr><td class=\"c x5a8 y140c wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _2\"></span>carios </div></td><td class=\"c x5b5 y140c w5c h22\"><div class=\"t_1 m0_1 x1_1 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">359.598 </div></td><td class=\"c x59a y140c w1a1 h22\"><div class=\"t_1 m0_1 x1d hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y140c w1b7 h22\"><div class=\"t_1 m0_1 x2b hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(82.317) </div></td><td class=\"c x5b7 y140c w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y140c w1b9 h22\"><div class=\"t_1 m0_1 x18 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y140c w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y140c w1ba h22\"><div class=\"t_1 m0_1 x15 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">285<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y140c wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y140c w51 h22\"><div class=\"t_1 m0_1 x1f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">277.566 </div></td></tr><tr><td class=\"c x5a8 y140d wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivo<span class=\"_ _2\"></span>s financieros<span class=\"_ _2\"></span> </div></td><td class=\"c x5b5 y140d w5c h22\"><div class=\"t_1 m0_1 x2f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">42.886 </div></td><td class=\"c x59a y140d w1a1 h22\"><div class=\"t_1 m0_1 x22 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.369 </div></td><td class=\"c x5b6 y140d w1b7 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(8.545) </div></td><td class=\"c x5b7 y140d w1b8 h22\"><div class=\"t_1 m0_1 x1e hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y140d w1b9 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(75) </div></td><td class=\"c x5b8 y140d w1bb h22\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(6.259) </div></td><td class=\"c x5b9 y140d w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y140d wf3 h22\"><div class=\"t_1 m0_1 x13 hf7 y70 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x5bb y140d w51 h22\"><div class=\"t_1 m0_1 x30 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></td></tr><tr><td class=\"c x5a8 y140e wa5 h22\"><div class=\"t_1 m0_1 xc hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _2\"></span>ntereses, cu<span class=\"_ _2\"></span>p\u00f3n y otros </div></td><td class=\"c x5b5 y140e w5c h22\"><div class=\"t_1 m0_1 x1f hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.303 </div></td><td class=\"c x59a y140e w1a1 h22\"><div class=\"t_1 m0_1 x1d hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y140e w1b7 h22\"><div class=\"t_1 m0_1 x15 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y140e w1b8 h22\"><div class=\"t_1 m0_1 xf hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(16.941) </div></td><td class=\"c x59b y140e w1b9 h22\"><div class=\"t_1 m0_1 x2a hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">16.787 </div></td><td class=\"c x5b8 y140e w1bb h22\"><div class=\"t_1 m0_1 x32 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y140e w1ba h22\"><div class=\"t_1 m0_1 x41 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y140e wf3 h22\"><div class=\"t_1 m0_1 xb3 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y140e w51 h22\"><div class=\"t_1 m0_1 x18 hf7 y70 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></td></tr><tr><td class=\"c x5bc y140f w411 h1e6\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _2\"></span>derecho de u<span class=\"_ _2\"></span>so sobre<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1410 w5c he6\"><div class=\"t_1 m0_1 x2f hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">42.003 </div></td><td class=\"c x59a y1410 w1a1 he6\"><div class=\"t_1 m0_1 x1d hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y1410 w1b7 he6\"><div class=\"t_1 m0_1 xc hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(7.191) </div></td><td></td><td class=\"c x59b y1410 w1b9 he6\"><div class=\"t_1 m0_1 x1_1 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.294 </div></td><td class=\"c x5b8 y1410 w1bb he6\"><div class=\"t_1 m0_1 xc7 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">15.700 </div></td><td class=\"c x5b9 y1410 w1ba he6\"><div class=\"t_1 m0_1 x41 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y1410 wf3 he6\"><div class=\"t_1 m0_1 xb3 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y1410 w51 he6\"><div class=\"t_1 m0_1 x30 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">52.806 </div></td></tr><tr><td class=\"c x1ca y1411 w412 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1412 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">499.837 </div></td><td class=\"c x59a y1412 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">221.769 </div></td><td class=\"c x5b6 y1412 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(291.853) </div></td><td class=\"c x5b7 y1412 w1b8 h15\"><div class=\"t_1 m0_1 xf hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(21.417) </div></td><td class=\"c x59b y1412 w1b9 h15\"><div class=\"t_1 m0_1 x2a hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">22.396 </div></td><td class=\"c x5b8 y1412 w1bb h15\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.441 </div></td><td class=\"c x5b9 y1412 w1ba h15\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">285<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1412 wf3 h15\"><div class=\"t_1 m0_1 x13 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">31<span class=\"ls0_1\"> </span></div></td><td class=\"c x5bb y1412 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">440.489 </div></td></tr><tr><td class=\"c x5bc y1413 w413 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _2\"></span>nancieros de<span class=\"_ _2\"></span>rivados<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1414 w5c hd7\"><div class=\"t_1 m0_1 x2f hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(4.035) </div></td><td class=\"c x59a y1414 w1a1 hd7\"><div class=\"t_1 m0_1 x1d hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y1414 w1b7 hd7\"><div class=\"t_1 m0_1 x15 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y1414 w1b8 hd7\"><div class=\"t_1 m0_1 x19 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(372) </div></td><td class=\"c x59b y1414 w1b9 hd7\"><div class=\"t_1 m0_1 x18 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y1414 w1bb hd7\"><div class=\"t_1 m0_1 x32 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y1414 w1ba hd7\"><div class=\"t_1 m0_1 x41 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y1414 wf3 hd7\"><div class=\"t_1 m0_1 x1_1 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.380 </div></td><td class=\"c x5bb y1414 w51 hd7\"><div class=\"t_1 m0_1 x13 hf7 yaa3 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(3.027) </div></td></tr><tr><td class=\"c x1ca y1415 w414 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _2\"></span>a financiaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1416 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">495.802 </div></td><td class=\"c x59a y1416 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">221.769 </div></td><td class=\"c x5b6 y1416 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(291.853) </div></td><td class=\"c x5b7 y1416 w1b8 h15\"><div class=\"t_1 m0_1 xf hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(21.789) </div></td><td class=\"c x59b y1416 w1b9 h15\"><div class=\"t_1 m0_1 x2a hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">22.396 </div></td><td class=\"c x5b8 y1416 w1bb h15\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.441 </div></td><td class=\"c x5b9 y1416 w1ba h15\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">285<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1416 wf3 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.411 </div></td><td class=\"c x5bb y1416 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">437.462 </div></td></tr><tr><td class=\"c x1ca y1417 w415 h1e7\"><div class=\"t_1 m0_1 x1c9 hf7 y13f2 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _2\"></span>ra Nego<span class=\"_ _2\"></span>cio RENOVAB<span class=\"_ _2\"></span>LES -<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5b4 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _2\"></span>s y bonos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1418 w5c h15\"><div class=\"t_1 m0_1 x2f hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">78.697 </div></td><td class=\"c x59a y1418 w1a1 h15\"><div class=\"t_1 m0_1 x1d hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y1418 w1b7 h15\"><div class=\"t_1 m0_1 x2b hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(79.000) </div></td><td class=\"c x5b7 y1418 w1b8 h15\"><div class=\"t_1 m0_1 x1e hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y1418 w1b9 h15\"><div class=\"t_1 m0_1 x18 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y1418 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y1418 w1ba h15\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">303<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1418 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y1418 w51 h15\"><div class=\"t_1 m0_1 x35 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x5a8 y1419 wa5 h15\"><div class=\"t_1 m0_1 xc hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _2\"></span>carios </div></td><td class=\"c x5b5 y1419 w5c h15\"><div class=\"t_1 m0_1 x2f hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">43.771 </div></td><td class=\"c x59a y1419 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></td><td class=\"c x5b6 y1419 w1b7 h15\"><div class=\"t_1 m0_1 x2b hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(48.510) </div></td><td class=\"c x5b7 y1419 w1b8 h15\"><div class=\"t_1 m0_1 x1e hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x59b y1419 w1b9 h15\"><div class=\"t_1 m0_1 x18 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y1419 w1bb h15\"><div class=\"t_1 m0_1 x32 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y1419 w1ba h15\"><div class=\"t_1 m0_1 x15 hf7 y35 ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">599<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1419 wf3 h15\"><div class=\"t_1 m0_1 xb3 hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y1419 w51 h15\"><div class=\"t_1 m0_1 x1f hf7 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">162.324 </div></td></tr><tr><td class=\"c x5a8 y141a wa5 h34\"><div class=\"t_1 m0_1 xc hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _2\"></span>ntereses, cu<span class=\"_ _2\"></span>p\u00f3n y otros </div></td><td class=\"c x5b5 y141a w5c h34\"><div class=\"t_1 m0_1 xcb hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">48<span class=\"ls0_1\"> </span></div></td><td class=\"c x59a y141a w1a1 h34\"><div class=\"t_1 m0_1 x1d hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y141a w1b7 h34\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y141a w1b8 h34\"><div class=\"t_1 m0_1 x50 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.932) </div></td><td class=\"c x59b y141a w1b9 h34\"><div class=\"t_1 m0_1 x1_1 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.979 </div></td><td class=\"c x5b8 y141a w1bb h34\"><div class=\"t_1 m0_1 x32 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y141a w1ba h34\"><div class=\"t_1 m0_1 x41 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y141a wf3 h34\"><div class=\"t_1 m0_1 xb3 hf7 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y141a w51 h34\"><div class=\"t_1 m0_1 x15 hf7 y5e ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">95<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x5bc y141b w411 h1e6\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _2\"></span>derecho de u<span class=\"_ _2\"></span>so sobre<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y141c w5c he6\"><div class=\"t_1 m0_1 x1f hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.832 </div></td><td class=\"c x59a y141c w1a1 he6\"><div class=\"t_1 m0_1 x1d hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y141c w1b7 he6\"><div class=\"t_1 m0_1 xc hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.879) </div></td><td></td><td class=\"c x59b y141c w1b9 he6\"><div class=\"t_1 m0_1 x2_1 hf7 y64b ff3 fsb fc0_1 sc0_1 ls3f ws0_1\">141<span class=\"ls0_1\"> </span></div></td><td class=\"c x5b8 y141c w1bb he6\"><div class=\"t_1 m0_1 xcb hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></td><td class=\"c x5b9 y141c w1ba he6\"><div class=\"t_1 m0_1 x41 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y141c wf3 he6\"><div class=\"t_1 m0_1 xb3 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y141c w51 he6\"><div class=\"t_1 m0_1 x18 hf7 y64b ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></td></tr><tr><td class=\"c x1ca y141d w412 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y141e w5c h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">125.348 </div></td><td class=\"c x59a y141e w1a1 h34\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></td><td class=\"c x5b6 y141e w1b7 h34\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(129.389) </div></td><td class=\"c x5b7 y141e w1b8 h34\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.932) </div></td><td class=\"c x59b y141e w1b9 h34\"><div class=\"t_1 m0_1 x1_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.120 </div></td><td class=\"c x5b8 y141e w1bb h34\"><div class=\"t_1 m0_1 x1e hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></td><td class=\"c x5b9 y141e w1ba h34\"><div class=\"t_1 m0_1 x15 hf6 y5e ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">902<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y141e wf3 h34\"><div class=\"t_1 m0_1 xb3 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bb y141e w51 h34\"><div class=\"t_1 m0_1 x1f hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">168.163 </div></td></tr><tr><td class=\"c x5bc y141f w413 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _2\"></span>nancieros de<span class=\"_ _2\"></span>rivados<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1420 w5c h31\"><div class=\"t_1 m0_1 x1f hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.029 </div></td><td class=\"c x59a y1420 w1a1 h31\"><div class=\"t_1 m0_1 x1d hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b6 y1420 w1b7 h31\"><div class=\"t_1 m0_1 x15 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b7 y1420 w1b8 h31\"><div class=\"t_1 m0_1 x50 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(3.866) </div></td><td class=\"c x59b y1420 w1b9 h31\"><div class=\"t_1 m0_1 x18 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b8 y1420 w1bb h31\"><div class=\"t_1 m0_1 x32 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5b9 y1420 w1ba h31\"><div class=\"t_1 m0_1 x41 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td></td><td class=\"c x5ba y1420 wf3 h31\"><div class=\"t_1 m0_1 x2a hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.424) </div></td><td class=\"c x5bb y1420 w51 h31\"><div class=\"t_1 m0_1 x13 hf7 ya8f ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.261) </div></td></tr><tr><td class=\"c x1ca y1421 w414 h1e2\"><div class=\"t_1 m0_1 x1c9 hf7 y13db ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _2\"></span>a financiaci\u00f3<span class=\"_ _2\"></span>n<span class=\"_ _65\"> </span></div></td><td class=\"c x5b5 y1422 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">128.377 </div></td><td class=\"c x59a y1422 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></td><td class=\"c x5b6 y1422 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(129.389) </div></td><td class=\"c x5b7 y1422 w1b8 h15\"><div class=\"t_1 m0_1 x50 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(9.798) </div></td><td class=\"c x59b y1422 w1b9 h15\"><div class=\"t_1 m0_1 x1_1 hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.120 </div></td><td class=\"c x5b8 y1422 w1bb h15\"><div class=\"t_1 m0_1 x1e hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></td><td class=\"c x5b9 y1422 w1ba h15\"><div class=\"t_1 m0_1 x15 hf6 y35 ff2 fsb fc0_1 sc0_1 ls3f ws0_1\">902<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x5ba y1422 wf3 h15\"><div class=\"t_1 m0_1 x2a hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.424) </div></td><td class=\"c x5bb y1422 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y35 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">165.902 </div></td></tr><tr><td></td><td class=\"c x5b5 y1423 w5c h15\"><div class=\"t_1 m0_1 x1_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">624.179 </div></td><td class=\"c x59a y1423 w1a1 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">388.263 </div></td><td class=\"c x5b6 y1423 w1b7 h15\"><div class=\"t_1 m0_1 x50 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(421.242) </div></td><td class=\"c x5b7 y1423 w1b8 h15\"><div class=\"t_1 m0_1 xf hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(31.587) </div></td><td class=\"c x59b y1423 w1b9 h15\"><div class=\"t_1 m0_1 x2a hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">28.516 </div></td><td class=\"c x5b8 y1423 w1bb h15\"><div class=\"t_1 m0_1 xc7 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.091 </div></td><td class=\"c x5b9 y1423 w1ba h15\"><div class=\"t_1 m0_1 x11 hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.187 </div></td><td></td><td class=\"c x5ba y1423 wf3 h15\"><div class=\"t_1 m0_1 x2_1 hf6 y5e ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(13) </div></td><td class=\"c x5bb y1423 w51 h15\"><div class=\"t_1 m0_1 x1f hf6 y58 ff2 fsb fc0_1 sc0_1 ls0_1 ws0_1\">603.364 </div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Otros pasivos corrientes<span class=\"_ _2\"></span> y no corrientes </span></span>El <span class=\"_ _2\"></span>detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este e<span class=\"_ _2\"></span>p\u00edgrafe del <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>stado de <span class=\"_ _d\"></span>Situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Financiera <span class=\"_ _2\"></span>Consolidado al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _2\"></span>y 202<span class=\"_ _2\"></span>4 es el siguiente: <table class=\"s w416 h1e8\" id=\"_b2ccff5e-f333-43b4-a51c-509a4da1655c\"><tr><td></td><td></td><td class=\"c x5be y1424 w1bc h7f\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td></td><td class=\"c x5bf y1424 w1bc h7f\"><div class=\"t_1 m0_1 x44 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x254 y1425 w5b h7f\"><div class=\"t_1 m0_1 x10 h20 y583 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td class=\"c x5be y1425 w76 h7f\"><div class=\"t_1 m0_1 x31 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></td><td class=\"c x5c0 y1425 w1be h7f\"><div class=\"t_1 m0_1 x31 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo </div></td><td class=\"c x5bf y1425 w1bf h7f\"><div class=\"t_1 m0_1 x31 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></td><td class=\"c x5c1 y1425 w1c0 h7f\"><div class=\"t_1 m0_1 x31 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo </div></td></tr><tr><td class=\"c x1ca y1427 w417 h1e9\"><div class=\"t_1 m0_1 x1c9 h20 y1426 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vajdm semiperiodo 2023-<span class=\"lsd\">2025 (</span>Nota 2<span class=\"lsd\">4</span><span class=\"lsd\">)<span class=\"_ _65\"> </span></span></div></td><td class=\"c x5be y1428 w76 h57\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5c0 y1428 w1be h57\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bf y1428 w1bf h57\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5c1 y1428 w1c0 h57\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.837 </div></td></tr><tr><td class=\"c x254 y1429 w5b h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x5be y1429 w76 h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">1.419<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c0 y1429 w1be h25\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bf y1429 w1bf h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.086 </div></td><td class=\"c x5c1 y1429 w1c0 h25\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x254 y142a w5b h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos- </div></td><td class=\"c x5be y142b w76 hca\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.419<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c0 y142b w1be hca\"><div class=\"t_1 m0_1 x17 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bf y142b w1bf hca\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">3.<span class=\"ls0_1\">0</span>86<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c1 y142b w1c0 hca\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22.837<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x254 y142c w5b h25\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vajdm semiperiodos anteriores (Nota 24) </div></td><td class=\"c x5be y142c w76 h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.461 </div></td><td class=\"c x5c0 y142c w1be h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">61.443 </div></td><td class=\"c x5bf y142c w1bf h25\"><div class=\"t_1 m0_1 x20 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.166 </div></td><td class=\"c x5c1 y142c w1c0 h25\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">87.448 </div></td></tr><tr><td class=\"c x254 y142d w5b h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Periodificaciones y otros </div></td><td class=\"c x5be y142d w76 h57\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5c0 y142d w1be h57\"><div class=\"t_1 m0_1 x17 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5bf y142d w1bf h57\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5c1 y142d w1c0 h57\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">971<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x254 y142e w5b h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Notas 4 y 6) </div></td><td class=\"c x5be y142e w76 h57\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5c0 y142e w1be h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.642 </div></td><td class=\"c x5bf y142e w1bf h57\"><div class=\"t_1 m0_1 x45 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x5c1 y142e w1c0 h57\"><div class=\"t_1 m0_1 x14 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.642 </div></td></tr><tr><td></td><td class=\"c x5be y142f w76 h25\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.461<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c0 y142f w1be h25\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">65.08<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x5bf y142f w1bf h25\"><div class=\"t_1 m0_1 x20 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.166<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c1 y142f w1c0 h25\"><div class=\"t_1 m0_1 xb3 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">92.061<span class=\"ls0_1\"> </span></div></td></tr></table>L<span class=\"ff6\">a <span class=\"_ _3\"></span>cuenta <span class=\"_ _3\"></span>\u201cValor <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ajuste <span class=\"_ _3\"></span>por des<span class=\"_ _3\"></span>viaciones<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>de precio <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>mercado<span class=\"ff6\">\u201d</span>, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>adelante <span class=\"_ _3\"></span>Vajdm,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>incluye <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>saldos ante <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Comisi\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>Nacional <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>Mercad<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Comp<span class=\"_ _3\"></span>etencia <span class=\"_ _f\"></span>(<span class=\"_ _3\"></span><span class=\"ls2b\">CN<span class=\"ls40\">MC</span></span>) <span class=\"_ _f\"></span>derivad<span class=\"ls26\">os</span> <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>plicaci\u00f3n <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Real<span class=\"_ _3\"></span> Decreto <span class=\"_ _2\"></span>413/2014, de <span class=\"_ _d\"></span>6<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>junio, por <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>regula la <span class=\"_ _d\"></span>activ<span class=\"_ _3\"></span>idad de <span class=\"_ _d\"></span>pro<span class=\"_ _3\"></span>ducci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>energ\u00eda el\u00e9ctrica <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>partir de <span class=\"_ _19\"> </span>fuentes <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>energ\u00eda <span class=\"_ _19\"> </span>renovab<span class=\"_ _3\"></span>les, <span class=\"_ _19\"> </span>cogeneraci\u00f3n <span class=\"_ _15\"> </span>y <span class=\"_ _15\"> </span>residuos, <span class=\"_ _19\"> </span>en <span class=\"_ _15\"> </span>lo <span class=\"_ _15\"> </span>relativo <span class=\"_ _19\"> </span>al <span class=\"_ _15\"> </span>\u201cValor <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>ajuste <span class=\"_ _15\"> </span>por desviaciones\u201d<span class=\"_ _3\"></span><span class=\"ff3\"> (v\u00e9anse Notas 3.15, 9 y Anexo III)<span class=\"_ _3\"></span><span class=\"ls13\">. </span> </span>Al <span class=\"_ _0\"></span>finalizar <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>semipe<span class=\"_ _3\"></span>riodo <span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>gulatorio <span class=\"_ _10\"></span>2023-2025 <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>ortes <span class=\"_ _0\"></span>recon<span class=\"_ _3\"></span>ocidos <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>activ<span class=\"_ _3\"></span>o <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>pasivo <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>han registrado por el importe neto en el <span class=\"_ _2\"></span>Pasivo del Estado de Situaci\u00f3n Financiera consolida<span class=\"_ _3\"></span>do. En este sentido, el Grupo <span class=\"_ _3\"></span>tiene registra<span class=\"_ _3\"></span>do al <span class=\"_ _3\"></span>31 de <span class=\"_ _3\"></span>diciembr<span class=\"_ _3\"></span>e de 2025 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>pasivo <span class=\"_ _3\"></span>neto por <span class=\"_ _3\"></span>importe de <span class=\"_ _3\"></span>61.443 miles <span class=\"_ _3\"></span>de euros<span class=\"_ _3\"></span> en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>ep\u00edgrafe <span class=\"_ _f\"></span>\u201cOtros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>pasivos <span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>corrientes\u201d <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>por <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>4.4<span class=\"_ _3\"></span>61 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>euros<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>ep\u00ed<span class=\"_ _3\"></span>grafe <span class=\"_ _f\"></span>\u201cotros pasivos corrientes\u201d d<span class=\"_ _3\"></span>el Estado de Situaci\u00f3n<span class=\"_ _3\"></span> Financiera consolidad<span class=\"_ _3\"></span>o.<span class=\"_ _3\"></span><span class=\"ff3\"> </span>El <span class=\"_ _13\"> </span>4 <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _13\"> </span>junio <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>202<span class=\"_ _3\"></span>4 <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>public\u00f3  la <span class=\"_ _10\"> </span>Orden  TED/526/2024, <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>31 <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mayo, <span class=\"_ _10\"> </span>p<span class=\"_ _3\"></span>or <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>q<span class=\"_ _3\"></span>ue <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece <span class=\"_ _13\"> </span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actu<span class=\"_ _3\"></span>alizaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>instalaciones <span class=\"_ _10\"></span>tipo <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>generac<span class=\"_ _3\"></span>i\u00f3n <span class=\"_ _0\"></span>de energ\u00eda <span class=\"_ _10\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>cuyos <span class=\"_ _10\"> </span>costes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>explotaci\u00f3n <span class=\"_ _10\"></span>dependan <span class=\"_ _10\"> </span>esencialmente <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>co<span class=\"_ _3\"></span>mbustib<span class=\"_ _3\"></span>le. <span class=\"_ _10\"></span>Esta Orden, <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>otros, <span class=\"_ _3\"></span>excluye a <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>instalaciones <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>grupos <span class=\"_ _3\"></span>a.1, <span class=\"_ _3\"></span>b.6 y <span class=\"_ _3\"></span>b.8, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>los <span class=\"_ _3\"></span>que se <span class=\"_ _3\"></span>encuadran <span class=\"_ _3\"></span>las plantas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>generaci\u00f3n <span class=\"_ _3\"></span>de energ\u00eda <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>biomas<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>del Gru<span class=\"_ _3\"></span>po, de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>aplicaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>ajuste <span class=\"_ _3\"></span>por des<span class=\"_ _3\"></span>viaci<span class=\"_ _3\"></span>on<span class=\"_ _3\"></span>es en <span class=\"_ _3\"></span>el precio de mercado (Vajdm), regulado en el <span class=\"_ _2\"></span>art\u00edculo 22 del <span class=\"_ _2\"></span>RD 413/2014, a partir del 1 de <span class=\"_ _2\"></span>enero de 2024, <span class=\"_ _2\"></span>por lo que no s<span class=\"_ _3\"></span>e generar\u00e1n a futuro nuevos<span class=\"_ _3\"></span> saldos en concepto de Vajdm (v\u00e9an<span class=\"_ _3\"></span>se Notas 3.15, 9 <span class=\"_ _3\"></span>y Anexo III). <span class=\"_ _f\"></span> Por su parte, los sald<span class=\"_ _3\"></span>os por este concepto recogidos en el Es<span class=\"_ _3\"></span>tado de Situaci\u00f3n Finan<span class=\"_ _3\"></span>ciera al 31 de diciembre de <span class=\"_ _10\"></span>2025 <span class=\"_ _0\"></span>se <span class=\"_ _10\"> </span>imputar\u00e1n <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>resultados <span class=\"_ _10\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>largo<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>vida <span class=\"_ _0\"></span>regulatoria <span class=\"_ _10\"> </span>restante <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>ins<span class=\"_ _2\"></span>talaciones <span class=\"_ _10\"> </span>que <span class=\"_ _10\"></span>lo generaron, <span class=\"_ _10\"> </span>o <span class=\"_ _13\"> </span>bien, <span class=\"_ _10\"></span>se <span class=\"_ _10\"> </span>cobrar\u00e1n <span class=\"_ _13\"> </span>si <span class=\"_ _10\"> </span>dichos <span class=\"_ _10\"> </span>Vaj<span class=\"_ _3\"></span>dm <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>generaron <span class=\"_ _13\"> </span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"> </span>\u00faltimo <span class=\"_ _10\"> </span>semiperio<span class=\"_ _3\"></span>do <span class=\"_ _10\"> </span>regulatorio,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>de acuerdo con el siguient<span class=\"_ _3\"></span>e detalle:<table class=\"s w418 h1ea\" id=\"_740aa8f5-6816-4291-b0d9-56f8f5f898af\"><tr><td></td><td></td><td></td><td></td><td class=\"c x5c2 y1430 w1c1 haa\"><div class=\"t_1 m0_1 x81 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x5c2 y1431 w18 haa\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x5c3 y1432 w145 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x5c4 y1432 wee h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x5c2 y1432 w18 h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x5c5 y1432 w1c3 h86\"><div class=\"t_1 m0_1 x56 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x5c6 y1432 wf3 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x5c7 y1432 w1c4 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">9</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x5c8 y1432 w1c5 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2030<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c9 y1432 w1c6 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td><td class=\"c x5ca y1433 w419 h191\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Largo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x5cb y1434 w41a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5cd y1436 w41b h1eb\"><div class=\"t_1 m0_1 x1c9 h20 y1435 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos Acreedores-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5cc h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio CELULOSA -<span class=\"_ _65\"> </span></div></td><td class=\"c x5c4 y1437 wee haa\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.600  </div></td><td class=\"c x5c2 y1437 w18 haa\"><div class=\"t_1 m0_1 x30 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.922 </div></td><td class=\"c x5c5 y1437 w1c3 haa\"><div class=\"t_1 m0_1 xf h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.064 </div></td><td class=\"c x5c6 y1437 wf3 haa\"><div class=\"t_1 m0_1 x50 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.217 </div></td><td class=\"c x5c7 y1437 w1c4 haa\"><div class=\"t_1 m0_1 x82 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.381 </div></td><td class=\"c x5c8 y1437 w1c5 haa\"><div class=\"t_1 m0_1 x82 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.557 </div></td><td class=\"c x5c9 y1437 w1c6 haa\"><div class=\"t_1 m0_1 x2b h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.459 </div></td><td class=\"c x5ce y1437 w7e haa\"><div class=\"t_1 m0_1 x3a h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">20.678 </div></td></tr><tr><td class=\"c x5c3 y1438 w145 haa\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">Negocio RENOVABLES - </span></div></td><td class=\"c x5c4 y1438 wee haa\"><div class=\"t_1 m0_1 x1f h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">43.304 </div></td><td class=\"c x5c2 y1438 w18 haa\"><div class=\"t_1 m0_1 x30 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.539 </div></td><td class=\"c x5c5 y1438 w1c3 haa\"><div class=\"t_1 m0_1 xf h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.727 </div></td><td class=\"c x5c6 y1438 wf3 haa\"><div class=\"t_1 m0_1 x50 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.846 </div></td><td class=\"c x5c7 y1438 w1c4 haa\"><div class=\"t_1 m0_1 x82 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.057 </div></td><td class=\"c x5c8 y1438 w1c5 haa\"><div class=\"t_1 m0_1 x82 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.283 </div></td><td class=\"c x5c9 y1438 w1c6 haa\"><div class=\"t_1 m0_1 x2b h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.853 </div></td><td class=\"c x5ce y1438 w7e haa\"><div class=\"t_1 m0_1 x3a h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">40.766 </div></td></tr><tr><td></td><td class=\"c x5c4 y1439 wee hf2\"><div class=\"t_1 m0_1 x1f h58 yac7 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">65.90<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x5c2 y1439 w18 hf2\"><div class=\"t_1 m0_1 x30 h58 yac7 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.461<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c5 y1439 w1c3 hf2\"><div class=\"t_1 m0_1 xf h58 yac7 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.791<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c6 y1439 wf3 hf2\"><div class=\"t_1 m0_1 x50 h58 yac7 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.063<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c7 y1439 w1c4 hf2\"><div class=\"t_1 m0_1 x82 h58 yac7 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.438<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c8 y1439 w1c5 hf2\"><div class=\"t_1 m0_1 x82 h58 yac7 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.840<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c9 y1439 w1c6 hf2\"><div class=\"t_1 m0_1 x2b h58 yac7 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">40.312<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ce y1439 w7e hf2\"><div class=\"t_1 m0_1 x3a h58 yac7 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">61.444<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x5c3 y143a w145 haa\"><div class=\"t_1 m0_1 x10 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Posici\u00f3n neta </div></td><td class=\"c x5c4 y143a wee haa\"><div class=\"t_1 m0_1 x1f h58 y147 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">65.90<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x5c2 y143a w18 haa\"><div class=\"t_1 m0_1 x30 h58 y147 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.461<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c5 y143a w1c3 haa\"><div class=\"t_1 m0_1 xf h58 y147 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.791<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c6 y143a wf3 haa\"><div class=\"t_1 m0_1 x50 h58 y147 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.063<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c7 y143a w1c4 haa\"><div class=\"t_1 m0_1 x82 h58 y147 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.438<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c8 y143a w1c5 haa\"><div class=\"t_1 m0_1 x82 h58 y147 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.840<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c9 y143a w1c6 haa\"><div class=\"t_1 m0_1 x2b h58 y147 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">40.312<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ce y143a w7e haa\"><div class=\"t_1 m0_1 x3a h58 y147 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">61.444<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x5c2 y143b w1c1 haa\"><div class=\"t_1 m0_1 x81 h20 y147 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x5c2 y143c w18 haa\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x5c3 y143d w145 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c4 y143d wee h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x5c2 y143d w18 h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c5 y143d w1c3 h86\"><div class=\"t_1 m0_1 x56 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2026<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c6 y143d wf3 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2027<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c7 y143d w1c4 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2028<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c8 y143d w1c5 h86\"><div class=\"t_1 m0_1 xf h20 y575 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2029<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c9 y143d w1c6 h86\"><div class=\"t_1 m0_1 x10 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></td><td class=\"c x5ca y143e w419 h18d\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total Largo<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x5cb y143f w41a h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5cd y1441 w41b h1ec\"><div class=\"t_1 m0_1 x1c9 h20 y1440 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos Acreedores-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5cc h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio CELULOSA -<span class=\"_ _65\"> </span></div></td><td class=\"c x5c4 y1442 wee haa\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">30.176 </div></td><td class=\"c x5c2 y1442 w18 haa\"><div class=\"t_1 m0_1 x30 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.226 </div></td><td class=\"c x5c5 y1442 w1c3 haa\"><div class=\"t_1 m0_1 xf h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.372 </div></td><td class=\"c x5c6 y1442 wf3 haa\"><div class=\"t_1 m0_1 x50 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.557 </div></td><td class=\"c x5c7 y1442 w1c4 haa\"><div class=\"t_1 m0_1 x82 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.746 </div></td><td class=\"c x5c8 y1442 w1c5 haa\"><div class=\"t_1 m0_1 x82 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.950 </div></td><td class=\"c x5c9 y1442 w1c6 haa\"><div class=\"t_1 m0_1 x2b h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">17.325 </div></td><td class=\"c x5ce y1442 w7e haa\"><div class=\"t_1 m0_1 x3a h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">27.950 </div></td></tr><tr><td class=\"c x5c3 y1443 w145 haa\"><div class=\"t_1 m0_1 x10 h20 y6e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">      <span class=\"ls0_1\">Negocio RENOVABLES - </span></div></td><td class=\"c x5c4 y1443 wee haa\"><div class=\"t_1 m0_1 x1f h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">65.438 </div></td><td class=\"c x5c2 y1443 w18 haa\"><div class=\"t_1 m0_1 x30 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.940 </div></td><td class=\"c x5c5 y1443 w1c3 haa\"><div class=\"t_1 m0_1 xf h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.581 </div></td><td class=\"c x5c6 y1443 wf3 haa\"><div class=\"t_1 m0_1 x50 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.019 </div></td><td class=\"c x5c7 y1443 w1c4 haa\"><div class=\"t_1 m0_1 x82 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.286 </div></td><td class=\"c x5c8 y1443 w1c5 haa\"><div class=\"t_1 m0_1 x82 h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.164 </div></td><td class=\"c x5c9 y1443 w1c6 haa\"><div class=\"t_1 m0_1 x2b h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">39.448 </div></td><td class=\"c x5ce y1443 w7e haa\"><div class=\"t_1 m0_1 x3a h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">59.498 </div></td></tr><tr><td></td><td class=\"c x5c4 y1444 wee haa\"><div class=\"t_1 m0_1 x1f h58 y6e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">95.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c2 y1444 w18 haa\"><div class=\"t_1 m0_1 x30 h58 y6e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.166<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c5 y1444 w1c3 haa\"><div class=\"t_1 m0_1 xf h58 y6e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.953<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c6 y1444 wf3 haa\"><div class=\"t_1 m0_1 x50 h58 y6e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.576<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c7 y1444 w1c4 haa\"><div class=\"t_1 m0_1 x82 h58 y6e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.032<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c8 y1444 w1c5 haa\"><div class=\"t_1 m0_1 x82 h58 y6e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.114<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c9 y1444 w1c6 haa\"><div class=\"t_1 m0_1 x2b h58 y6e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">56.773<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ce y1444 w7e haa\"><div class=\"t_1 m0_1 x3a h58 y6e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">87.448<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x5c3 y13d9 w145 hf2\"><div class=\"t_1 m0_1 x10 h20 yad1 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Posici\u00f3n neta </div></td><td class=\"c x5c4 y13d9 wee hf2\"><div class=\"t_1 m0_1 x1f h58 yad1 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">95.614<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c2 y13d9 w18 hf2\"><div class=\"t_1 m0_1 x30 h58 yad1 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.166<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c5 y13d9 w1c3 hf2\"><div class=\"t_1 m0_1 xf h58 yad1 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.953<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c6 y13d9 wf3 hf2\"><div class=\"t_1 m0_1 x50 h58 yad1 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">8.576<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c7 y13d9 w1c4 hf2\"><div class=\"t_1 m0_1 x82 h58 yad1 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.032<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c8 y13d9 w1c5 hf2\"><div class=\"t_1 m0_1 x82 h58 yad1 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.114<span class=\"ls0_1\"> </span></div></td><td class=\"c x5c9 y13d9 w1c6 hf2\"><div class=\"t_1 m0_1 x2b h58 yad1 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">56.773<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ce y13d9 w7e hf2\"><div class=\"t_1 m0_1 x3a h58 yad1 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">87.448<span class=\"ls0_1\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "<div class=\"c w3_1 h3d gs8d\"><div class=\"t_1 m0_1 x39 h7_1 y4fb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x9 hc y8d9 ff2 fs2 fc2 sc0_1 ls1 ws0_1\">30.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Instrumentos financiero<span class=\"_ _2\"></span>s derivados </span></span></div><div class=\"t_1 m0_1 x21 h7_1 yad2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Siguiendo la pol\u00edtica d<span class=\"_ _3\"></span>e gesti\u00f3n de riesgos<span class=\"_ _3\"></span> financieros descri<span class=\"_ _3\"></span>ta en la Nota 5,<span class=\"_ _3\"></span> el Grupo realiza con<span class=\"_ _3\"></span>trataciones </div><div class=\"t_1 m0_1 x21 h7_1 y85c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de instrumentos fin<span class=\"_ _3\"></span>ancieros derivados<span class=\"_ _3\"></span> principalmente para cub<span class=\"_ _3\"></span>rir sus riesgos<span class=\"_ _3\"></span> financieros.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h7_1 y99e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _2\"></span>detalle <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>este e<span class=\"_ _2\"></span>p\u00edgrafe del <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>stado de <span class=\"_ _d\"></span>Situaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Financiera <span class=\"_ _2\"></span>Consolidado al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _2\"></span>y 202<span class=\"_ _2\"></span>4 </div><div class=\"t_1 m0_1 x21 h7_1 y99f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>corres<span class=\"_ _3\"></span>ponde <span class=\"_ _3\"></span>con <span class=\"_ _f\"></span>el val<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>razon<span class=\"_ _3\"></span>able <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>los <span class=\"_ _f\"></span>instrumentos <span class=\"_ _3\"></span>financieros<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>derivados <span class=\"_ _f\"></span>en esas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fechas, <span class=\"_ _3\"></span>es <span class=\"_ _f\"></span>el </div><div class=\"t_1 m0_1 x21 h7_1 ya02 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">siguiente<span class=\"ls29\">: <span class=\"_ _3\"></span></span> </div></div><div class=\"gs8e\"><table class=\"s w41c h1ed\" id=\"_8a1c94dd-5e02-422c-9c99-c6aef21e8dfb\"><tr><td></td><td></td><td class=\"c x5cf y1445 w1c9 haa\"><div class=\"t_1 m0_1 x2f hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activo no<span class=\"_ _2\"></span> corriente </div></td><td></td><td class=\"c x5d0 y1445 w1ca haa\"><div class=\"t_1 m0_1 x13 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activo c<span class=\"_ _2\"></span>orriente </div></td><td></td><td class=\"c x5d1 y1445 w1cb haa\"><div class=\"t_1 m0_1 x2f hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo no c<span class=\"_ _2\"></span>orriente </div></td><td></td><td class=\"c x5d2 y1445 w1cc haa\"><div class=\"t_1 m0_1 x3a hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo cor<span class=\"_ _2\"></span>riente </div></td></tr><tr><td class=\"c x5a8 y1446 w115 haa\"><div class=\"t_1 m0_1 x10 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _2\"></span> Euros </div></td><td class=\"c x5cf y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d3 y1446 wfc haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d0 y1446 w51 haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d4 y1446 w14a haa\"><div class=\"t_1 m0_1 x82 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d1 y1446 w94 haa\"><div class=\"t_1 m0_1 x56 hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5d5 y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td><td class=\"c x5d2 y1446 w168 haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls4\">12</span>/2025 </div></td><td class=\"c x5bb y1446 wee haa\"><div class=\"t_1 m0_1 xf hf y56 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></td></tr><tr><td class=\"c x1ca y1448 w41d h1ee\"><div class=\"t_1 m0_1 x1c9 hf y1447 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobertura <span class=\"_ _2\"></span>de flujos de efec<span class=\"_ _2\"></span>tivo-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5d6 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">IRSwap<span class=\"_ _65\"> </span></div></td><td class=\"c x5cf y12b5 wee h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\">8</span><span class=\"ls0_1\"><span class=\"fs5\"> </span></span></div></td><td class=\"c x5d3 y12b5 wfc h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y12b5 w51 h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d4 y12b5 w14a h72\"><div class=\"t_1 m0_1 x32 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y12b5 w94 h72\"><div class=\"t_1 m0_1 x13 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.224<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y12b5 wee h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.029<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y12b5 w168 h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.674<span class=\"fs5\"> </span></div></td><td class=\"c x5bb y12b5 wee h72\"><div class=\"t_1 m0_1 x30 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.260<span class=\"fs5\"> </span></div></td></tr><tr><td class=\"c x5a8 y1449 w115 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Coberturas<span class=\"_ _2\"></span> de divisa </span></div></td><td class=\"c x5cf y1449 wee h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d3 y1449 wfc h1d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y1449 w51 h1d\"><div class=\"t_1 m0_1 x11 h20 y80 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">579<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y1449 w14a h1d\"><div class=\"t_1 m0_1 x32 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y1449 w94 h1d\"><div class=\"t_1 m0_1 x1d h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y1449 wee h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y1449 w168 h1d\"><div class=\"t_1 m0_1 x35 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5bb y1449 wee h1d\"><div class=\"t_1 m0_1 x30 h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.081<span class=\"fs5\"> </span></div></td></tr><tr><td class=\"c x5a8 y144a w115 h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls5 ws0_1\">   <span class=\"ls0_1\">Coberturas<span class=\"_ _2\"></span> precio venta energ\u00eda <span class=\"_ _2\"></span>el\u00e9ctrica </span></div></td><td class=\"c x5cf y144a wee h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d3 y144a wfc h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y144a w51 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">988<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y144a w14a h72\"><div class=\"t_1 m0_1 x32 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y144a w94 h72\"><div class=\"t_1 m0_1 x1d h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d5 y144a wee h72\"><div class=\"t_1 m0_1 x35 h20 y70 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d2 y144a w168 h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">130<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5bb y144a wee h72\"><div class=\"t_1 m0_1 x11 h20 y70 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">633<span class=\"fs5 ls0_1\"> </span></div></td></tr><tr><td class=\"c x5a8 y144b w115 hcf\"><div class=\"t_1 m0_1 xb6 h10 y70 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x5cf y144b wee hcf\"><div class=\"t_1 m0_1 x11 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">22<span class=\"ls0_1\">8</span><span class=\"ls0_1\"><span class=\"fs5\"> </span></span></div></td><td class=\"c x5d3 y144b wfc hcf\"><div class=\"t_1 m0_1 x1d h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d0 y144b w51 hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.567<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d4 y144b w14a hcf\"><div class=\"t_1 m0_1 x32 h58 y91 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></td><td class=\"c x5d1 y144b w94 hcf\"><div class=\"t_1 m0_1 x13 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.224<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d5 y144b wee hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.029<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5d2 y144b w168 hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.804<span class=\"fs5 ls0_1\"> </span></div></td><td class=\"c x5bb y144b wee hcf\"><div class=\"t_1 m0_1 x30 h58 y91 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">7.974<span class=\"fs5 ls0_1\"> </span></div></td></tr></table></div><div class=\"c w3_1 h3d gs8d\"><div class=\"t_1 m0_1 x39 h7_1 y40e ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x6d h7_1 yad8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _2\"></span>importe <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>valor <span class=\"_ _2\"></span>razonable <span class=\"_ _2\"></span>traspasado <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>resu<span class=\"_ _3\"></span>ltado <span class=\"_ _2\"></span>del <span class=\"_ _d\"></span>ejercicio <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>los instrumentos <span class=\"_ _d\"></span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>erivados </div><div class=\"t_1 m0_1 x6d h7_1 yad9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">al 31 de diciembre de 20<span class=\"_ _3\"></span>25 y 2024 es el siguient<span class=\"_ _3\"></span>e: </div><div class=\"t_1 m0_1 x39 h7_1 yada ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"_ _4\"> </span> </div></div><table class=\"s w41e h1ef\" id=\"_d6bf5aaa-7089-423e-8aa9-d2b6f5b3e1d0\"><tr><td class=\"c x20b y144c w1cd hfb\"><div class=\"t_1 m0_1 x10 h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros - Ingreso/(Gasto) </div></td><td class=\"c x5d7 y144c w1ce hfb\"><div class=\"t_1 m0_1 xe h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>5 </div></td><td class=\"c x5d8 y144c w1cf hfb\"><div class=\"t_1 m0_1 x50 h20 yadd ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"lsd\">12<span class=\"ls25\">/202</span></span>4 </div></td></tr><tr><td class=\"c x20b y144d w1cd ha0\"><div class=\"t_1 m0_1 x10 h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impacto en resultados de explotaci\u00f3n- </div></td><td></td><td></td></tr><tr><td class=\"c x20b y144e w1cd h6d\"><div class=\"t_1 m0_1 x10 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas de divisa </span></div></td><td class=\"c x5d7 y144e w1ce h6d\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(8.420)    </div></td><td class=\"c x5d8 y144e w1cf h6d\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">(560)    </span></div></td></tr><tr><td class=\"c x20b y144f w1cd h6c\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas precio de la celulosa </span></div></td><td class=\"c x5d7 y144f w1ce h6c\"><div class=\"t_1 m0_1 x45 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -<span class=\"ls25\">   </span> </div></td><td class=\"c x5d8 y144f w1cf h6c\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(9)    </span></div></td></tr><tr><td class=\"c x20b y1450 w1cd h6d\"><div class=\"t_1 m0_1 x10 h20 y80 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">Coberturas precio venta energ\u00eda el\u00e9ctrica </span></div></td><td class=\"c x5d7 y1450 w1ce h6d\"><div class=\"t_1 m0_1 xb3 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.908)    </div></td><td class=\"c x5d8 y1450 w1cf h6d\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(2.838)    </span></div></td></tr><tr><td class=\"c x20b y1451 w1cd h6d\"><div class=\"t_1 m0_1 x160 h20 yb4 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subtotal </div></td><td class=\"c x5d7 y1451 w1ce h6d\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(11.328)    </span></div></td><td class=\"c x5d8 y1451 w1cf h6d\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">(3.407)    </span></div></td></tr><tr><td class=\"c x1ca y1453 w41f h1f0\"><div class=\"t_1 m0_1 x1c9 h20 y1452 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impacto en resultados financieros-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x5d9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">IRSwap (Nota 13)<span class=\"_ _65\"> </span></div></td><td class=\"c x5d7 y1454 w1ce h6d\"><div class=\"t_1 m0_1 x2e h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.592<span class=\"ls25\">   </span> </div></td><td class=\"c x5d8 y1454 w1cf h6d\"><div class=\"t_1 m0_1 x1e h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></td></tr><tr><td class=\"c x20b y1150 w1cd hea\"><div class=\"t_1 m0_1 x24 h58 yae2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x5d7 y1150 w1ce hea\"><div class=\"t_1 m0_1 xcb h58 y73a ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">9.736</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x5d8 y1150 w1cf hea\"><div class=\"t_1 m0_1 xb3 h58 y73a ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">2.009</span><span class=\"lsd\">   <span class=\"ls0_1\"> </span></span></div></td></tr></table>Todos <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>strumentos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _0\"></span>contratados <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>ENCE <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>diciembre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2024 califican como cobertu<span class=\"_ _3\"></span>ra contable. <span class=\"_ _3\"></span> 30.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Coberturas de divisa </span></span>ENCE <span class=\"_ _0\"></span>cubre <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>fluctuaciones <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>d\u00f3lar/eur<span class=\"_ _3\"></span>o, <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>afectan <span class=\"_ _f\"></span>signi<span class=\"_ _3\"></span>ficativamente <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>pr<span class=\"_ _3\"></span>ecio <span class=\"_ _f\"></span>de venta de <span class=\"_ _d\"></span>celulosa, con <span class=\"_ _2\"></span>t\u00faneles <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>modalidad asi\u00e1tica as\u00ed <span class=\"_ _d\"></span>como con <span class=\"_ _2\"></span>forwards. <span class=\"_ _2\"></span>Su <span class=\"_ _2\"></span>detalle al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>diciembre de 2025 es el siguiente<span class=\"_ _3\"></span>:<table class=\"s w420 h1f1\" id=\"_b6ad87fd-d423-42e7-ae92-0ca6d54ab08c\"><tr><td class=\"c x5da y1455 w421 h181\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00faneles<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5db y1456 w1b2 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5dc y1456 w1d1 hfd\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5dd y1456 w21 hfd\"><div class=\"t_1 m0_1 x31 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional </div></td></tr><tr><td class=\"c x5de y1457 w422 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asi\u00e1ticos<span class=\"_ _65\"> </span></div></td><td class=\"c x5df y1458 w52 h63\"><div class=\"t_1 m0_1 x2b h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x5db y1458 w1b2 h63\"><div class=\"t_1 m0_1 x50 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Call </div></td><td class=\"c x5dc y1458 w1d1 h63\"><div class=\"t_1 m0_1 x82 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Put </div></td><td class=\"c x5dd y1458 w21 h63\"><div class=\"t_1 m0_1 x56 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Mn. USD) </div></td></tr><tr><td class=\"c x5e0 y1459 w423 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subyacente<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x5e1 y145a w51 hfe\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145a w52 hfe\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145a w1b2 hfe\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,126 </div></td><td class=\"c x5dc y145a w1d1 hfe\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,174 </div></td><td class=\"c x5dd y145a w21 hfe\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14,6 </div></td></tr><tr><td class=\"c x5e1 y145b w51 hfd\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145b w52 hfd\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145b w1b2 hfd\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,160 </div></td><td class=\"c x5dc y145b w1d1 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,205 </div></td><td class=\"c x5dd y145b w21 hfd\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16,9 </div></td></tr><tr><td class=\"c x5e1 y145c w51 hfd\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145c w52 hfd\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145c w1b2 hfd\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,159 </div></td><td class=\"c x5dc y145c w1d1 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,208 </div></td><td class=\"c x5dd y145c w21 hfd\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11,8 </div></td></tr><tr><td class=\"c x5e1 y145d w51 h9f\"><div class=\"t_1 m0_1 x31 h20 y62 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145d w52 h9f\"><div class=\"t_1 m0_1 x56 h20 y62 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145d w1b2 h9f\"><div class=\"t_1 m0_1 xf h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,160 </div></td><td class=\"c x5dc y145d w1d1 h9f\"><div class=\"t_1 m0_1 x56 h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,201 </div></td><td class=\"c x5dd y145d w21 h9f\"><div class=\"t_1 m0_1 xc h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8,9 </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x5dd y145e w21 h9f\"><div class=\"t_1 m0_1 x19 h58 y5b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52,2 </div></td></tr><tr><td class=\"c x5e2 y145f w424 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Forward<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5c6 y1460 we9 h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5e3 y1460 we9 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional </div></td></tr><tr><td></td><td class=\"c x5e4 y1461 w1d3 h86\"><div class=\"t_1 m0_1 xb3 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td></td><td class=\"c x5c6 y1461 we9 h86\"><div class=\"t_1 m0_1 x2f h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Price </div></td><td class=\"c x5e3 y1461 we9 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Mn. USD) </div></td></tr><tr><td class=\"c x5e5 y1462 w423 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subyacente<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x5e6 y1463 w1d2 h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1463 w1d3 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1463 we9 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,152 </div></td><td class=\"c x5e3 y1463 we9 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,10 </div></td></tr><tr><td class=\"c x5e6 y1464 w1d2 h7f\"><div class=\"t_1 m0_1 x2a h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1464 w1d3 h7f\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1464 we9 h7f\"><div class=\"t_1 m0_1 x19 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,162 </div></td><td class=\"c x5e3 y1464 we9 h7f\"><div class=\"t_1 m0_1 xc h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,90 </div></td></tr><tr><td class=\"c x5e6 y1465 w1d2 h66\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1465 w1d3 h66\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1465 we9 h66\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,183 </div></td><td class=\"c x5e3 y1465 we9 h66\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9,90 </div></td></tr><tr><td class=\"c x5e6 y1466 w1d2 he4\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1466 w1d3 he4\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1466 we9 he4\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,179 </div></td><td class=\"c x5e3 y1466 we9 he4\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,50 </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x5e3 y1467 we9 h66\"><div class=\"t_1 m0_1 xc h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23,4 </div></td></tr></table>Los contratos vigentes <span class=\"_ _2\"></span>al 31 <span class=\"_ _d\"></span>de diciembre <span class=\"_ _2\"></span>de 2025 <span class=\"_ _2\"></span>cubren aproximadamente un <span class=\"ls10\">15</span>% <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>un <span class=\"ls10\">14</span>% <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>ventas de <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>previstas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>primer <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>segundo <span class=\"_ _f\"></span>semestre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>6, <span class=\"_ _f\"></span>resp<span class=\"_ _3\"></span>ectivamente. <span class=\"_ _f\"></span>Al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e 2024<span class=\"ls0_1\">, los <span class=\"_ _2\"></span>contratos vigentes <span class=\"_ _2\"></span>cubr\u00edan aproximadamente un <span class=\"ls10\">50</span>% <span class=\"_ _2\"></span>y un <span class=\"_ _2\"></span><span class=\"ls10\">40<span class=\"ls0_1\">% de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> ventas <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>celulosa previstas </span></span></span>en el primer y segun<span class=\"_ _3\"></span>do semestre de 2025, res<span class=\"_ _3\"></span>pectivamente.<span class=\"_ _3\"></span> Durante los ejercicios 202<span class=\"_ _3\"></span>5 y 2024 no s<span class=\"_ _3\"></span>e han prod<span class=\"_ _3\"></span>ucido ineficacias en los derivad<span class=\"_ _3\"></span>os sobre tipo de cambio<span class=\"_ _65\"> </span>La sensibilidad del resultado de explotaci\u00f3n y del patrimonio a las apreciaciones o deprec<span class=\"_ _3\"></span>iaciones del d\u00f3lar frente <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>euro, <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>mo <span class=\"_ _f\"></span>consecuencia <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>efecto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>instrumentos <span class=\"_ _f\"></span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _f\"></span>derivado<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>contratados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por ENCE a 31 de d<span class=\"_ _3\"></span>iciembre de 20<span class=\"ls10\">25</span>,<span class=\"_ _3\"></span> se detalla a contin<span class=\"_ _3\"></span>uaci\u00f3n:  Miles \u20ac<span class=\"ff2\"> </span><table class=\"s w425 h1f2\" id=\"_4a8ab3ce-5263-4589-a453-cde31d155ad8\"><tr><td></td><td class=\"c x5e8 y1468 w2bf h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5e9 y1468 w426 h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado de explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5ea y1468 w427 h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x5eb y1017 w2c8 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Cambio US$/\u20ac<span class=\"_ _65\"> </span></div></td><td class=\"c x5ec y1017 w428 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x5ed y1017 w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5ee y1469 wf3 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ef y1469 w191 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y1469 w1d4 h25\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.058 </div></td><td class=\"c x5f1 y1469 w1d5 h25\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.293 </div></td></tr><tr><td></td><td class=\"c x5ef y146a w191 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146a w1d4 h57\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.134) </div></td><td class=\"c x5f1 y146a w1d5 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.601) </div></td></tr><tr><td class=\"c x5ee y146b wf3 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ef y146b w191 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146b w1d4 h57\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.965 </div></td><td class=\"c x5f1 y146b w1d5 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.473 </div></td></tr><tr><td></td><td class=\"c x5ef y146c w191 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146c w1d4 h25\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.817) </div></td><td class=\"c x5f1 y146c w1d5 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.613) </div></td></tr></table>30.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Cobertura de venta de ene<span class=\"_ _2\"></span>rg\u00eda-  </span></span>El Grupo <span class=\"_ _2\"></span>ENCE trata de <span class=\"_ _d\"></span>replica<span class=\"_ _3\"></span>r la <span class=\"_ _2\"></span>f\u00f3rmula de <span class=\"_ _2\"></span>indexaci\u00f3n del pool re<span class=\"_ _2\"></span>gulatorio establecida en la <span class=\"_ _2\"></span>regulaci\u00f3n de energ\u00eda  vigente  y  para <span class=\"_ _16\"> </span>ello  durante  el  ejercicio  2025 <span class=\"_ _16\"> </span>el  Grupo  ha <span class=\"_ _16\"> </span>contratado  Commodity  Swaps <span class=\"_ _16\"> </span>con vencimiento <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>2026 <span class=\"_ _f\"></span>sobre <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>precio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>venta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>en<span class=\"_ _3\"></span>erg\u00eda <span class=\"_ _f\"></span>el\u00e9ctrica-OMEL. <span class=\"_ _0\"></span>Con <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>objetiv<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>mitigar <span class=\"_ _f\"></span>la exposici\u00f3n <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>riesgo <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>mercado <span class=\"_ _3\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>garantiz<span class=\"_ _3\"></span>ar <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>referenci<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>precio <span class=\"_ _f\"></span>alineada <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>regulatorio, <span class=\"_ _f\"></span>el precio contratado de dichas coberturas se <span class=\"_ _2\"></span>va construyendo diariamente <span class=\"_ _2\"></span>utilizado la f\u00f3rmula d<span class=\"_ _3\"></span>e c\u00e1lculo de la<span class=\"_ _2\"></span> retribuci\u00f3n a la op<span class=\"_ _3\"></span>eraci\u00f3n, conforme a lo establecido en<span class=\"_ _3\"></span> la Orden TED/52<span class=\"_ _3\"></span>6/2024.<span class=\"_ _3\"></span> Se detallan a continu<span class=\"_ _3\"></span>aci\u00f3n las principales cob<span class=\"_ _3\"></span>erturas de energ\u00eda vigentes a<span class=\"_ _3\"></span>l 31 de diciembre d<span class=\"_ _3\"></span>e 2025:<span class=\"_ _3\"></span> <table class=\"s w429 h1f4\" id=\"_6dbe4fab-dacd-4af3-b5be-2d8ed8ddb794\"><tr><td class=\"c x5f3 y146d w1d9 h86\"><div class=\"t_1 m0_1 x2b h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x5f4 y146e w42a h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cantidad<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x5f5 y146f w42b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(MWh)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5f3 y1470 w1d9 hfe\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2026 </div></td><td class=\"c x5f6 y1470 w1d8 hfe\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">172.373 </div></td></tr><tr><td class=\"c x5f3 y1471 w1d9 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2026 </div></td><td class=\"c x5f6 y1471 w1d8 hfd\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">225.890 </div></td></tr><tr><td class=\"c x5f3 y1472 w1d9 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2026 </div></td><td class=\"c x5f6 y1472 w1d8 hfd\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">201.890 </div></td></tr><tr><td class=\"c x5f3 y1473 w1d9 h9f\"><div class=\"t_1 m0_1 x56 h20 y5b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2026 </div></td><td class=\"c x5f6 y1473 w1d8 h9f\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">199.370 </div></td></tr></table>Durante <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _f\"></span>2025 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>roducido <span class=\"_ _3\"></span>ineficacias <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>venta de energ\u00eda.  La <span class=\"_ _0\"></span>sensib<span class=\"_ _3\"></span>ilidad <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>resultado <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variacion<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>energ\u00eda, <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>con<span class=\"_ _3\"></span>secuencia <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _0\"></span>efecto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los instrumentos <span class=\"_ _15\"> </span>financieros <span class=\"_ _19\"> </span>derivad<span class=\"_ _3\"></span>os <span class=\"_ _19\"> </span>contratados <span class=\"_ _19\"> </span>por <span class=\"_ _15\"> </span>ENCE <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>31 <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>iciembre <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>202<span class=\"_ _f\"></span>5, <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>detalla <span class=\"_ _19\"> </span>a continuaci\u00f3n: <table class=\"s w42c h1f5\" id=\"_7710210f-28e5-4cd6-a75d-77f08e5dca4a\"><tr><td></td><td class=\"c x5f8 y1474 w2bf h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5f9 y1474 w426 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado de explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5fa y1474 w427 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5fb y1475 wc4 hff\"><div class=\"t_1 m0_1 x19 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x5fc y1476 w42d h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio venta energ\u00eda<span class=\"_ _65\"> </span></div></td><td class=\"c x5fd y1476 w428 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x5fe y1476 w2c3 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5fb y1477 wc4 h24\"><div class=\"t_1 m0_1 x58 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ff y1477 w1da h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumento 5% </div></td><td class=\"c x600 y1477 w1db h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(854) </div></td><td class=\"c x601 y1477 w1db h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(640) </div></td></tr><tr><td></td><td class=\"c x5ff y1478 w1da h66\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuci\u00f3n 5% </div></td><td class=\"c x600 y1478 w1db h66\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">751<span class=\"ls0_1\"> </span></div></td><td class=\"c x601 y1478 w1db h66\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">563<span class=\"ls0_1\"> </span></div></td></tr></table>30.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Interest Rate Swap- </span></span>Los derivado<span class=\"_ _3\"></span>s sobre tipos de inter\u00e9s contra<span class=\"_ _3\"></span>tados por el Grup<span class=\"_ _3\"></span>o y vigentes al 31 d<span class=\"_ _3\"></span>e diciembre de 202<span class=\"_ _f\"></span>5 y 2024 son los siguientes<span class=\"_ _3\"></span>:<div class=\"gs31\"><table class=\"s w42e h1f6\" id=\"_bee4f059-6319-41fa-a899-b7bb7382ea81\"><tr><td></td><td class=\"c x603 y1479 w11b haa\"><div class=\"t_1 m0_1 xc h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor </div></td><td></td><td></td><td class=\"c x604 y1479 w1de haa\"><div class=\"t_1 m0_1 x6f h20 y6e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional al cierre del: </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x605 y147a w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> Miles de Euros </div></td><td class=\"c x603 y147a w11b h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Razonable </div></td><td class=\"c x604 y147a w54 h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x606 y147a w1df h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x607 y147a w18f h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x608 y147a w18f h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x609 y147a w1e h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">9</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x60a y147a w1e0 h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resto </div></td></tr><tr><td class=\"c x605 y147b w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x605 y147c w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa </div></td><td class=\"c x603 y147c w11b h24\"><div class=\"t_1 m0_1 x18 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.038) </div></td><td class=\"c x604 y147c w54 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x606 y147c w1df h24\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">88.476 </div></td><td class=\"c x607 y147c w18f h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">46.813 </div></td><td class=\"c x608 y147c w18f h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">38.934 </div></td><td class=\"c x609 y147c w1e h24\"><div class=\"t_1 m0_1 x57 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x60a y147c w1e0 h24\"><div class=\"t_1 m0_1 x1d h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x605 y147d w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio renovables </div></td><td class=\"c x603 y147d w11b h24\"><div class=\"t_1 m0_1 x2e h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(633) </div></td><td class=\"c x604 y147d w54 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x606 y147d w1df h24\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">24.097 </div></td><td class=\"c x607 y147d w18f h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">36.897 </div></td><td class=\"c x608 y147d w18f h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29.010 </div></td><td class=\"c x609 y147d w1e h24\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">22.377 </div></td><td class=\"c x60a y147d w1e0 h24\"><div class=\"t_1 m0_1 xc h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52.166 </div></td></tr><tr><td class=\"c x605 y147e w1dd haa\"><div class=\"t_1 m0_1 x1f h20 y6e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x605 y147f w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa </div></td><td class=\"c x603 y147f w11b h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.028) </div></td><td class=\"c x604 y147f w54 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">136.539 </div></td><td class=\"c x606 y147f w1df h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">91.809 </div></td><td class=\"c x607 y147f w18f h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">46.813 </div></td><td class=\"c x608 y147f w18f h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x609 y147f w1e h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x60a y147f w1e0 h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x605 y1480 w1dd h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio renovables </div></td><td class=\"c x603 y1480 w11b h24\"><div class=\"t_1 m0_1 x18 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.261) </div></td><td class=\"c x604 y1480 w54 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">92.097 </div></td><td class=\"c x606 y1480 w1df h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">83.720 </div></td><td class=\"c x607 y1480 w18f h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">75.581 </div></td><td class=\"c x608 y1480 w18f h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">67.917 </div></td><td class=\"c x609 y1480 w1e h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x60a y1480 w1e0 h24\"><div class=\"t_1 m0_1 x1_1 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">164.956 </div></td></tr></table></div><div class=\"c w3_1 h3d gs98\"><div class=\"t_1 m0_1 x21 h7_1 yb11 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x21 h8_1 yb12 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Durante los <span class=\"_ _3\"></span>ejercicios <span class=\"ls10\">202</span>5 y 2024 n<span class=\"_ _3\"></span>o se han pro<span class=\"_ _3\"></span>ducido ineficacias en los derivad<span class=\"_ _3\"></span>os sobre tipos d<span class=\"_ _3\"></span>e inter\u00e9s. <span class=\"_ _3\"></span><span class=\"ff2 fc3\"> </span></div><div class=\"t_1 m0_1 x21 h7_1 yb13 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _3\"></span>sensib<span class=\"_ _3\"></span>ilidad <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>resu<span class=\"_ _3\"></span>ltado <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>pat<span class=\"_ _3\"></span>rimonio <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>variaciones <span class=\"_ _f\"></span>del tip<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>inter\u00e9s, <span class=\"_ _f\"></span>como <span class=\"_ _3\"></span>consecuencia <span class=\"_ _f\"></span>del </div><div class=\"t_1 m0_1 x21 h7_1 yb14 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">efecto <span class=\"_ _d\"></span>en <span class=\"_ _d\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>instru<span class=\"_ _3\"></span>mentos <span class=\"_ _d\"></span>fin<span class=\"_ _3\"></span>ancieros <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>tratados <span class=\"_ _2\"></span>por <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>de <span class=\"_ _d\"></span>dicie<span class=\"_ _3\"></span>mbre <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>20<span class=\"_ _3\"></span><span class=\"ls10\">25</span> <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>2024, <span class=\"_ _d\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>detalla </div><div class=\"t_1 m0_1 x21 h7_1 yb15 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">a continuaci\u00f3n<span class=\"_ _3\"></span>: </div></div><div class=\"gs99\"><table class=\"s w42f h1f7\" id=\"_fa931d5a-5894-4cc4-8bcc-1f114de74924\"><tr><td></td><td class=\"c x60c y1481 w2bf h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x60d y1481 w430 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en coste financiero<span class=\"_ _65\"> </span></div></td><td class=\"c x60e y1481 w427 h1f8\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x60f y1482 w11e h86\"><div class=\"t_1 m0_1 x19 h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></td><td class=\"c x610 y1483 w2cc h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Inter\u00e9s<span class=\"_ _65\"> </span></div></td><td class=\"c x5ad y1483 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x611 y1483 w2c3 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x60f y1484 w11e h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x612 y1484 w1e1 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumento 50 pb </div></td><td class=\"c x613 y1484 w1db h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">618<span class=\"ls0_1\"> </span></div></td><td class=\"c x614 y1484 w1db h24\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.803 </div></td></tr><tr><td></td><td class=\"c x612 y1485 w1e1 h24\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuci\u00f3n 50 pb </div></td><td class=\"c x613 y1485 w1db h24\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(618) </div></td><td class=\"c x614 y1485 w1db h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.023) </div></td></tr><tr><td class=\"c x60f y1486 w11e h24\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x612 y1486 w1e1 h24\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumento 50 pb </div></td><td class=\"c x613 y1486 w1db h24\"><div class=\"t_1 m0_1 x32 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">606<span class=\"ls0_1\"> </span></div></td><td class=\"c x614 y1486 w1db h24\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.481) </div></td></tr><tr><td></td><td class=\"c x612 y1487 w1e1 h66\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuci\u00f3n 50 pb </div></td><td class=\"c x613 y1487 w1db h66\"><div class=\"t_1 m0_1 x35 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(606) </div></td><td class=\"c x614 y1487 w1db h66\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(6.768) </div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "30.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Coberturas de divisa </span></span>ENCE <span class=\"_ _0\"></span>cubre <span class=\"_ _f\"></span>las <span class=\"_ _0\"></span>fluctuaciones <span class=\"_ _0\"></span>del <span class=\"_ _f\"></span>tip<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>d\u00f3lar/eur<span class=\"_ _3\"></span>o, <span class=\"_ _f\"></span>que <span class=\"_ _0\"></span>afectan <span class=\"_ _f\"></span>signi<span class=\"_ _3\"></span>ficativamente <span class=\"_ _0\"></span>al <span class=\"_ _f\"></span>pr<span class=\"_ _3\"></span>ecio <span class=\"_ _f\"></span>de venta de <span class=\"_ _d\"></span>celulosa, con <span class=\"_ _2\"></span>t\u00faneles <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>modalidad asi\u00e1tica as\u00ed <span class=\"_ _d\"></span>como con <span class=\"_ _2\"></span>forwards. <span class=\"_ _2\"></span>Su <span class=\"_ _2\"></span>detalle al <span class=\"_ _2\"></span>31 <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>diciembre de 2025 es el siguiente<span class=\"_ _3\"></span>:<div class=\"gs31\"><table class=\"s w420 h1f1\" id=\"_b6ad87fd-d423-42e7-ae92-0ca6d54ab08c\"><tr><td class=\"c x5da y1455 w421 h181\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00faneles<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x5db y1456 w1b2 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5dc y1456 w1d1 hfd\"><div class=\"t_1 m0_1 x10 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5dd y1456 w21 hfd\"><div class=\"t_1 m0_1 x31 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional </div></td></tr><tr><td class=\"c x5de y1457 w422 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asi\u00e1ticos<span class=\"_ _65\"> </span></div></td><td class=\"c x5df y1458 w52 h63\"><div class=\"t_1 m0_1 x2b h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td class=\"c x5db y1458 w1b2 h63\"><div class=\"t_1 m0_1 x50 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Call </div></td><td class=\"c x5dc y1458 w1d1 h63\"><div class=\"t_1 m0_1 x82 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Put </div></td><td class=\"c x5dd y1458 w21 h63\"><div class=\"t_1 m0_1 x56 h20 y38 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Mn. USD) </div></td></tr><tr><td class=\"c x5e0 y1459 w423 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subyacente<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x5e1 y145a w51 hfe\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145a w52 hfe\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145a w1b2 hfe\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,126 </div></td><td class=\"c x5dc y145a w1d1 hfe\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,174 </div></td><td class=\"c x5dd y145a w21 hfe\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">14,6 </div></td></tr><tr><td class=\"c x5e1 y145b w51 hfd\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145b w52 hfd\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145b w1b2 hfd\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,160 </div></td><td class=\"c x5dc y145b w1d1 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,205 </div></td><td class=\"c x5dd y145b w21 hfd\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">16,9 </div></td></tr><tr><td class=\"c x5e1 y145c w51 hfd\"><div class=\"t_1 m0_1 x31 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145c w52 hfd\"><div class=\"t_1 m0_1 x56 h20 y955 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145c w1b2 hfd\"><div class=\"t_1 m0_1 xf h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,159 </div></td><td class=\"c x5dc y145c w1d1 hfd\"><div class=\"t_1 m0_1 x56 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,208 </div></td><td class=\"c x5dd y145c w21 hfd\"><div class=\"t_1 m0_1 x19 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11,8 </div></td></tr><tr><td class=\"c x5e1 y145d w51 h9f\"><div class=\"t_1 m0_1 x31 h20 y62 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5df y145d w52 h9f\"><div class=\"t_1 m0_1 x56 h20 y62 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2026 </div></td><td class=\"c x5db y145d w1b2 h9f\"><div class=\"t_1 m0_1 xf h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,160 </div></td><td class=\"c x5dc y145d w1d1 h9f\"><div class=\"t_1 m0_1 x56 h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,201 </div></td><td class=\"c x5dd y145d w21 h9f\"><div class=\"t_1 m0_1 xc h20 y74 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8,9 </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x5dd y145e w21 h9f\"><div class=\"t_1 m0_1 x19 h58 y5b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">52,2 </div></td></tr><tr><td class=\"c x5e2 y145f w424 h1cc\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Forward<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x5c6 y1460 we9 h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></td><td class=\"c x5e3 y1460 we9 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional </div></td></tr><tr><td></td><td class=\"c x5e4 y1461 w1d3 h86\"><div class=\"t_1 m0_1 xb3 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></td><td></td><td class=\"c x5c6 y1461 we9 h86\"><div class=\"t_1 m0_1 x2f h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Price </div></td><td class=\"c x5e3 y1461 we9 h86\"><div class=\"t_1 m0_1 x31 h20 y575 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Mn. USD) </div></td></tr><tr><td class=\"c x5e5 y1462 w423 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Subyacente<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x5e6 y1463 w1d2 h24\"><div class=\"t_1 m0_1 x2a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1463 w1d3 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1463 we9 h24\"><div class=\"t_1 m0_1 x19 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,152 </div></td><td class=\"c x5e3 y1463 we9 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,10 </div></td></tr><tr><td class=\"c x5e6 y1464 w1d2 h7f\"><div class=\"t_1 m0_1 x2a h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1464 w1d3 h7f\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1464 we9 h7f\"><div class=\"t_1 m0_1 x19 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,162 </div></td><td class=\"c x5e3 y1464 we9 h7f\"><div class=\"t_1 m0_1 xc h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5,90 </div></td></tr><tr><td class=\"c x5e6 y1465 w1d2 h66\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1465 w1d3 h66\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1465 we9 h66\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,183 </div></td><td class=\"c x5e3 y1465 we9 h66\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9,90 </div></td></tr><tr><td class=\"c x5e6 y1466 w1d2 he4\"><div class=\"t_1 m0_1 x2a h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></td><td class=\"c x5e4 y1466 w1d3 he4\"><div class=\"t_1 m0_1 x2_1 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2026 </div></td><td></td><td class=\"c x5c6 y1466 we9 he4\"><div class=\"t_1 m0_1 x19 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,179 </div></td><td class=\"c x5e3 y1466 we9 he4\"><div class=\"t_1 m0_1 xc h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,50 </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x5e3 y1467 we9 h66\"><div class=\"t_1 m0_1 xc h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">23,4 </div></td></tr></table></div><div class=\"c w3_1 h3d gs91\"><div class=\"t_1 m0_1 x7d h7_1 y8fb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Los contratos vigentes <span class=\"_ _2\"></span>al 31 <span class=\"_ _d\"></span>de diciembre <span class=\"_ _2\"></span>de 2025 <span class=\"_ _2\"></span>cubren aproximadamente un <span class=\"ls10\">15</span>% <span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>un <span class=\"ls10\">14</span>% <span class=\"_ _2\"></span>de las <span class=\"_ _2\"></span>ventas </div><div class=\"t_1 m0_1 x7d h7_1 y6f0 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _f\"></span>celulosa <span class=\"_ _f\"></span>previstas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>primer <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>segundo <span class=\"_ _f\"></span>semestre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>6, <span class=\"_ _f\"></span>resp<span class=\"_ _3\"></span>ectivamente. <span class=\"_ _f\"></span>Al <span class=\"_ _f\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e </div><div class=\"t_1 m0_1 x7d h7_1 yaf4 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">2024<span class=\"ls0_1\">, los <span class=\"_ _2\"></span>contratos vigentes <span class=\"_ _2\"></span>cubr\u00edan aproximadamente un <span class=\"ls10\">50</span>% <span class=\"_ _2\"></span>y un <span class=\"_ _2\"></span><span class=\"ls10\">40<span class=\"ls0_1\">% de <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> ventas <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>celulosa previstas </span></span></span></div><div class=\"t_1 m0_1 x7d h7_1 yaf5 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">en el primer y segun<span class=\"_ _3\"></span>do semestre de 2025, res<span class=\"_ _3\"></span>pectivamente.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 yaf6 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Durante los ejercicios 202<span class=\"_ _3\"></span>5 y 2024 no s<span class=\"_ _3\"></span>e han prod<span class=\"_ _3\"></span>ucido ineficacias en los derivad<span class=\"_ _3\"></span>os sobre tipo de cambio<span class=\"_ _65\"> </span> <span class=\"_ _f\"></span> </div></div><div class=\"c w3_1 h3d gs93\"><div class=\"t_1 m0_1 x7d h7_1 y1d2 ff3 fs3 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=\"_ _3\"></span>iaciones del d\u00f3lar </div><div class=\"t_1 m0_1 x7d h7_1 y1d3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">frente <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>euro, <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>mo <span class=\"_ _f\"></span>consecuencia <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>efecto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>instrumentos <span class=\"_ _f\"></span>finan<span class=\"_ _3\"></span>cieros <span class=\"_ _f\"></span>derivado<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>contratados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>por </div><div class=\"t_1 m0_1 x7d h7_1 y1d4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE a 31 de d<span class=\"_ _3\"></span>iciembre de 20<span class=\"ls10\">25</span>,<span class=\"_ _3\"></span> se detalla a contin<span class=\"_ _3\"></span>uaci\u00f3n:  </div></div><div class=\"c wf3 h91 gs94\"><div class=\"t_1 m0_1 x3d h58 y5e ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff2\"> </span></div></div><div class=\"gs95\"><table class=\"s w425 h1f2\" id=\"_4a8ab3ce-5263-4589-a453-cde31d155ad8\"><tr><td></td><td class=\"c x5e8 y1468 w2bf h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5e9 y1468 w426 h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado de explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x5ea y1468 w427 h1f3\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x5eb y1017 w2c8 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff7 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Cambio US$/\u20ac<span class=\"_ _65\"> </span></div></td><td class=\"c x5ec y1017 w428 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td><td class=\"c x5ed y1017 w2c3 h175\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x5ee y1469 wf3 h25\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ef y1469 w191 h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y1469 w1d4 h25\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.058 </div></td><td class=\"c x5f1 y1469 w1d5 h25\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.293 </div></td></tr><tr><td></td><td class=\"c x5ef y146a w191 h57\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146a w1d4 h57\"><div class=\"t_1 m0_1 x15 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.134) </div></td><td class=\"c x5f1 y146a w1d5 h57\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.601) </div></td></tr><tr><td class=\"c x5ee y146b wf3 h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x5ef y146b w191 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146b w1d4 h57\"><div class=\"t_1 m0_1 x1d h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.965 </div></td><td class=\"c x5f1 y146b w1d5 h57\"><div class=\"t_1 m0_1 x16 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.473 </div></td></tr><tr><td></td><td class=\"c x5ef y146c w191 h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></td><td class=\"c x5f0 y146c w1d4 h25\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.817) </div></td><td class=\"c x5f1 y146c w1d5 h25\"><div class=\"t_1 m0_1 x1a h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(9.613) </div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "31.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Provisiones, garant\u00edas<span class=\"_ _2\"></span> y pasivos contingentes<span class=\"_ _65\"> </span></span></span>31.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ac<span class=\"_ _3\"></span>tivos y<span class=\"_ _2\"></span> pasivos continge<span class=\"_ _2\"></span>ntes  </span></span>Al <span class=\"_ _f\"></span>cierre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _f\"></span>2025, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>mantiene <span class=\"_ _f\"></span>reclamacio<span class=\"_ _3\"></span>nes <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>controversias <span class=\"_ _f\"></span>legales <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>consecuencia natural de su<span class=\"_ _3\"></span> negocio. Se resumen a contin<span class=\"_ _3\"></span>uaci\u00f3n las reclamaciones m\u00e1s<span class=\"_ _3\"></span> significativas<span class=\"_ _f\"></span><span class=\"ls29\">: </span> Cultivos energ\u00e9ticos<span class=\"_ _3\"></span>- En <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _f\"></span>2013 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2014 <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>aprob<span class=\"_ _3\"></span>aron <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>conjun<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>disposiciones <span class=\"_ _f\"></span>normativas: <span class=\"_ _f\"></span>la Ord<span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Minis<span class=\"_ _3\"></span>terial IET/1045/2014, de 16 d<span class=\"_ _3\"></span>e junio, p<span class=\"_ _3\"></span>or la que se apru<span class=\"_ _3\"></span>eban los par\u00e1metros retributivos<span class=\"_ _3\"></span> de las instalaciones<span class=\"_ _3\"></span> tipo aplicables <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>determinadas <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _f\"></span>el\u00e9ctrica <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>tir <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>fuentes <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>energ\u00eda renovables, cogeneraci\u00f3n y residuos, dictada en desarrollo <span class=\"_ _2\"></span>de lo previsto en <span class=\"_ _2\"></span>el Real De<span class=\"_ _2\"></span>creto 413/2014, de 6 de Jun<span class=\"_ _3\"></span>io, por el qu<span class=\"_ _3\"></span>e se regula la <span class=\"_ _3\"></span>actividad d<span class=\"_ _3\"></span>e producci\u00f3n <span class=\"_ _3\"></span>de energ\u00eda el\u00e9ctrica <span class=\"_ _3\"></span>a part<span class=\"_ _f\"></span>ir de fuentes <span class=\"_ _3\"></span>de energ\u00eda renovables, cogeneraci\u00f3n y residu<span class=\"_ _3\"></span>os, ambas dictadas en desarrollo y aplicaci\u00f3n de la Ley 24/2013, de 26 <span class=\"_ _2\"></span>de diciembre, <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Sector <span class=\"_ _13\"> </span>El\u00e9ctrico <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>Real <span class=\"_ _10\"></span>Decreto-ley <span class=\"_ _10\"> </span>9/2<span class=\"_ _3\"></span>013, <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>12 <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>julio, <span class=\"_ _10\"> </span>por <span class=\"_ _13\"> </span>e<span class=\"_ _2\"></span>l <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>adoptaron medidas <span class=\"_ _16\"> </span>urgentes <span class=\"_ _19\"> </span>para<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>garantizar <span class=\"_ _16\"> </span>la <span class=\"_ _19\"> </span>estabilidad <span class=\"_ _19\"> </span>financiera <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>istema <span class=\"_ _16\"> </span>el\u00e9ctrico, <span class=\"_ _16\"> </span>qu<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>modificaron <span class=\"_ _16\"> </span>el<span class=\"_ _3\"></span> esquema <span class=\"_ _10\"> </span>retributivo <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>r\u00e9gimen <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>tributaci\u00f3n <span class=\"_ _10\"> </span>aplicab<span class=\"_ _3\"></span>le <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>instalaciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>generaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>energ\u00eda renovable, <span class=\"_ _10\"></span>incluida <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span>cogeneraci\u00f3n <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>biomasa. <span class=\"_ _10\"></span>Esta <span class=\"_ _10\"></span>n<span class=\"_ _2\"></span>ueva <span class=\"_ _13\"> </span>regulaci\u00f3n, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>t\u00e9rminos retributivos equiparab<span class=\"_ _3\"></span>a los cultivos energ\u00e9ticos a <span class=\"_ _2\"></span>los restos forestales y agr\u00edcolas, oblig\u00f3 a ENCE a iniciar un proceso <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>abandonar <span class=\"_ _3\"></span>ordenada <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>definitivamente <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>gesti\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>plantaciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cultivos <span class=\"_ _3\"></span>energ\u00e9ticos desarrolladas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>incluy<span class=\"_ _3\"></span>endo <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>resoluci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>contrato<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>arr<span class=\"_ _3\"></span>endamientos, <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>consiguiente <span class=\"_ _f\"></span>deterioro <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e las inversion<span class=\"_ _3\"></span>es realizadas y la dotaci\u00f3n d<span class=\"_ _3\"></span>e las necesarias provision<span class=\"_ _3\"></span>es. Como consecuencia de <span class=\"_ _2\"></span>ello, el 14 <span class=\"_ _d\"></span>de julio de <span class=\"_ _2\"></span>2014, ENCE y <span class=\"_ _2\"></span>determinad<span class=\"_ _3\"></span>as sociedades del <span class=\"_ _d\"></span>G<span class=\"_ _3\"></span>rupo (en <span class=\"_ _2\"></span>adelante \u201cENCE\u201d), <span class=\"_ _13\"> </span>presentaron <span class=\"_ _13\"> </span>ante <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>entonces <span class=\"_ _10\"> </span>Ministerio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Industria, <span class=\"_ _13\"> </span>Energ\u00eda <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>Turismo <span class=\"_ _10\"> </span>una <span class=\"_ _13\"> </span>reclamaci\u00f3n <span class=\"_ _13\"> </span>de Responsabilidad<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>Patrimonial <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>Adminis<span class=\"_ _3\"></span>traci\u00f3n <span class=\"_ _18\"> </span>Ge<span class=\"_ _3\"></span><span class=\"ff6\">neral <span class=\"_ _18\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>Estado <span class=\"_ _18\"> </span>(en <span class=\"_ _18\"> </span>adelan<span class=\"_ _3\"></span>te <span class=\"_ _18\"> </span>\u201cRPA\u201d), <span class=\"_ _18\"> </span>cuya </span>cuantificaci\u00f3n <span class=\"_ _10\"></span>final, <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _10\"></span>informes <span class=\"_ _0\"></span>elaborad<span class=\"_ _3\"></span>os <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>experto <span class=\"_ _0\"></span>independiente, <span class=\"_ _10\"></span>ascendi\u00f3 <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>cuant\u00eda <span class=\"_ _0\"></span>de 63.300 miles \u20ac.<span class=\"_ _65\"> </span>Con fecha 17 de <span class=\"_ _3\"></span>febrero de 2<span class=\"_ _3\"></span>021 ENCE present\u00f3 u<span class=\"_ _3\"></span>n escrito an<span class=\"_ _3\"></span>te el Ministerio para la <span class=\"_ _3\"></span>Transici\u00f3n<span class=\"_ _3\"></span> Ecol\u00f3gica y el <span class=\"_ _d\"></span>Reto <span class=\"_ _2\"></span>Demogr\u00e1fico, <span class=\"_ _2\"></span>hoy <span class=\"_ _2\"></span>competente <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>materia <span class=\"_ _d\"></span>de energ\u00eda, <span class=\"_ _d\"></span>reiterando la <span class=\"_ _d\"></span>solicitud <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara que <span class=\"_ _0\"></span>dictase <span class=\"_ _10\"></span>resoluci\u00f3n <span class=\"_ _0\"></span>expresa <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>expe<span class=\"_ _3\"></span>diente <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>RPA <span class=\"_ _10\"></span>planteado, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cual <span class=\"_ _10\"> </span>evaluar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>pos<span class=\"_ _3\"></span>ible ejercicio de acciones ulterior<span class=\"_ _3\"></span>es.  Con <span class=\"_ _3\"></span>fecha <span class=\"_ _f\"></span>15 d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>noviembr<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>1 <span class=\"_ _3\"></span>Ence <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ecibi\u00f3 <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>oficio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Secretaria <span class=\"_ _3\"></span>General <span class=\"_ _f\"></span>T\u00e9cnica <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Minister<span class=\"_ _3\"></span>io para <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Transici\u00f3n En<span class=\"_ _3\"></span>erg\u00e9tica <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Reto <span class=\"_ _3\"></span>Demogr\u00e1<span class=\"_ _3\"></span>fico <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>cual <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>aba <span class=\"_ _3\"></span>traslado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>informe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la Direcci\u00f3n <span class=\"_ _17\"> </span>General <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>Pol\u00edtic<span class=\"_ _3\"></span>a <span class=\"_ _17\"> </span>Energ\u00e9tica <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>Minas <span class=\"_ _17\"> </span>(Informe <span class=\"_ _15\"> </span>DGPEM<span class=\"_ _3\"></span>) <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>se <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>clu\u00eda <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>la indemnizaci\u00f3n <span class=\"_ _f\"></span>reclamada <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>era <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rocedente. <span class=\"_ _f\"></span> E<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>29/11/2023, <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>present\u00f3 <span class=\"_ _f\"></span>alegaciones <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>trovirtiendo las <span class=\"_ _10\"></span>consideraciones <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Informe <span class=\"_ _0\"></span>DGPEM <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>solicit\u00f3 <span class=\"_ _10\"></span>acceso <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>vista <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>expediente <span class=\"_ _0\"></span>sin <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>has<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _0\"></span>la Administracion hay<span class=\"_ _3\"></span>a contestado.<span class=\"_ _3\"></span> Adem\u00e1s, <span class=\"_ _17\"> </span>ENCE <span class=\"_ _1a\"> </span>ha <span class=\"_ _17\"> </span>reiterado<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>recordado, <span class=\"_ _1a\"> </span>en <span class=\"_ _17\"> </span>diversas<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>ocasion<span class=\"_ _3\"></span>es, <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>obligaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>pesa <span class=\"_ _1a\"> </span>sobre <span class=\"_ _17\"> </span>la<span class=\"_ _3\"></span> Administraci\u00f3n de reso<span class=\"_ _3\"></span>lver, en tiempo y forma, la<span class=\"_ _3\"></span> solicitud de RPA formulad<span class=\"_ _3\"></span>a en el a\u00f1o 2014.<span class=\"_ _f\"></span> Ante el <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>ilencio de <span class=\"_ _2\"></span>la solicitud de <span class=\"_ _2\"></span>RPA, <span class=\"_ _2\"></span>con fecha 10 <span class=\"_ _2\"></span>de febrero <span class=\"_ _2\"></span>de 2023 <span class=\"_ _2\"></span>ENCE interpuso recurso contencioso administrativo <span class=\"_ _13\"> </span>y, <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>fecha <span class=\"_ _13\"> </span>21 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>junio <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>2023, <span class=\"_ _10\"> </span>present\u00f3 <span class=\"_ _13\"> </span>escrito <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>demand<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>con <span class=\"_ _13\"> </span>fundamento <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>e<span class=\"_ _3\"></span>l instituto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>RPA <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>bas<span class=\"_ _3\"></span>e a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>inv<span class=\"_ _3\"></span>iabilidad <span class=\"_ _f\"></span>total gen<span class=\"_ _3\"></span>erada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>nuevo <span class=\"_ _3\"></span>marco <span class=\"_ _3\"></span>regul<span class=\"_ _3\"></span>atorio, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>partir <span class=\"_ _3\"></span>de 2013<span class=\"ls0_1\">-2014,  para  e<span class=\"_ _2\"></span>l  modelo  de <span class=\"_ _13\"> </span>generaci\u00f3n <span class=\"_ _13\"> </span>de  energ\u00eda <span class=\"_ _13\"> </span>el\u00e9ctrica  mediante  la <span class=\"_ _13\"> </span>utilizaci\u00f3n  de  los <span class=\"_ _13\"> </span>cultivos </span>energ\u00e9ticos, <span class=\"_ _e\"> </span>inviab<span class=\"_ _3\"></span>ilidad <span class=\"_ _e\"> </span>que <span class=\"_ _23\"> </span>d<span class=\"_ _3\"></span>etermin\u00f3 <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>generaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>de <span class=\"_ _23\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _e\"> </span>da\u00f1o <span class=\"_ _e\"> </span>real, <span class=\"_ _e\"> </span>efectiv<span class=\"_ _3\"></span>o <span class=\"_ _e\"> </span>y <span class=\"_ _e\"> </span>evaluable<span class=\"_ _65\"> </span>econ\u00f3micamente, <span class=\"_ _3\"></span>vinculado <span class=\"_ _3\"></span>directam<span class=\"_ _3\"></span>ente a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>finalizaci\u00f3n<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>completo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>todo <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>proceso <span class=\"_ _3\"></span>prod<span class=\"_ _3\"></span>uctivo d<span class=\"_ _3\"></span>e ENCE con los<span class=\"_ _3\"></span> cultivos energ\u00e9ticos. E<span class=\"_ _3\"></span>l recurso est\u00e1 pend<span class=\"_ _3\"></span>iente de fijaci\u00f3n de fecha par<span class=\"_ _3\"></span>a votaci\u00f3n y fallo.<span class=\"_ _f\"></span> Regulaci\u00f3n sec<span class=\"_ _3\"></span>tor el\u00e9ctrico - Las <span class=\"_ _10\"></span>sociedades <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>como <span class=\"_ _10\"> </span>parte <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>actividad <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _10\"></span>afectadas <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>regulaci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"></span>sector el\u00e9ctrico, <span class=\"_ _1b\"> </span>han <span class=\"_ _1b\"> </span>interpuesto <span class=\"_ _18\"> </span>recursos <span class=\"_ _1b\"> </span>contencioso<span class=\"_ _3\"></span>-administra<span class=\"_ _3\"></span>tivos, <span class=\"_ _18\"> </span>an<span class=\"_ _3\"></span>te <span class=\"_ _18\"> </span>la <span class=\"_ _1b\"> </span>Sala <span class=\"_ _1b\"> </span>de <span class=\"_ _18\"> </span>lo <span class=\"_ _1b\"> </span>Contencioso<span class=\"_ _3\"></span>-<span class=\"_ _65\"> </span>Administrativo <span class=\"_ _f\"></span>del Tribun<span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Supremo, <span class=\"_ _3\"></span>frente <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>\u00d3rdenes <span class=\"_ _3\"></span>M<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>isteriales <span class=\"_ _3\"></span>TED/1232/20<span class=\"_ _3\"></span>22, <span class=\"_ _3\"></span>TED/1295/2022, TED/741/2023 y <span class=\"_ _d\"></span>/353/2024 por <span class=\"_ _d\"></span> las <span class=\"_ _d\"></span>que se <span class=\"_ _d\"></span>establecen <span class=\"_ _2\"></span>los pa<span class=\"_ _2\"></span>r\u00e1metros re<span class=\"_ _2\"></span>tributivos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>para <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>instalacion<span class=\"_ _3\"></span>es <span class=\"_ _2\"></span>tipo aplicables <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>instalaciones<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>el\u00e9ctrica <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>partir <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>fuentes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>energ\u00eda<span class=\"_ _3\"></span> renovables, <span class=\"_ _3\"></span>cogeneraci\u00f3n y <span class=\"_ _3\"></span>residuos <span class=\"_ _3\"></span>a efectos <span class=\"_ _3\"></span>de su ap<span class=\"_ _3\"></span>licaci\u00f3n a <span class=\"_ _3\"></span>los dos <span class=\"_ _3\"></span>semestres de <span class=\"_ _3\"></span>los ejercicios <span class=\"_ _3\"></span>2022 y 2023.<span class=\"ls0_1\"> </span>En  cuanto  a <span class=\"_ _13\"> </span>los  recursos  co<span class=\"_ _2\"></span>ntencioso<span class=\"_ _3\"></span>-administrativ<span class=\"_ _3\"></span>o  interpuestos  contra <span class=\"_ _13\"> </span>la  Orden <span class=\"_ _13\"> </span>TED/1232/2022,  el Tribunal <span class=\"_ _16\"> </span>Supremo <span class=\"_ _16\"> </span>acord\u00f3, <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>su <span class=\"_ _16\"> </span>momento,  la <span class=\"_ _16\"> </span>tra<span class=\"_ _3\"></span>mitaci\u00f3n <span class=\"_ _16\"> </span>como <span class=\"_ _16\"> </span>preferentes  de <span class=\"_ _16\"> </span>varios <span class=\"_ _16\"> </span>recursos <span class=\"_ _16\"> </span>por tecnolog\u00eda, <span class=\"_ _f\"></span>incluidos <span class=\"_ _f\"></span>4 <span class=\"_ _f\"></span>interpuestos <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>ENCE. <span class=\"_ _f\"></span>Con <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>9 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>febrero, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Secci\u00f3n <span class=\"_ _f\"></span>tercera <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Sala <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>lo Contencioso-Administra<span class=\"_ _3\"></span>tivo <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>Tribunal <span class=\"_ _13\"> </span>Supremo <span class=\"_ _10\"> </span>ha <span class=\"_ _13\"> </span>dictado <span class=\"_ _13\"> </span>Sentencia <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>Pro<span class=\"_ _3\"></span>cedimiento <span class=\"_ _13\"> </span>Ordinario 1030/2022 <span class=\"_ _16\"> </span>d<span class=\"_ _3\"></span>esestimando <span class=\"_ _19\"> </span>el <span class=\"_ _19\"> </span>recurso <span class=\"_ _19\"> </span>contencioso<span class=\"_ _3\"></span>-adminis<span class=\"_ _3\"></span>trativo <span class=\"_ _19\"> </span>interpuesto <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>representaci\u00f3n <span class=\"_ _16\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>la entidad <span class=\"_ _0\"></span>Ence <span class=\"_ _f\"></span>En<span class=\"_ _3\"></span>erg\u00eda <span class=\"_ _f\"></span>Huelva, <span class=\"_ _f\"></span>S.L.U. <span class=\"_ _0\"></span>De <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _f\"></span>recurs<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>restantes, <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>ellos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>encuentra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>fas<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>de fijaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>d\u00eda <span class=\"_ _2\"></span>para votaci\u00f3n <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>fallo y <span class=\"_ _d\"></span>los otros <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>tienen <span class=\"_ _2\"></span>fijado la <span class=\"_ _d\"></span>votaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>fallo en <span class=\"_ _d\"></span>el mes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>abril <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2026.<span class=\"_ _3\"></span> Los <span class=\"_ _1a\"> </span>recursos <span class=\"_ _17\"> </span>interp<span class=\"_ _3\"></span>uestos <span class=\"_ _17\"> </span>contra<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>la <span class=\"_ _1a\"> </span>Orden <span class=\"_ _17\"> </span>TED/1295/<span class=\"_ _3\"></span>2022, <span class=\"_ _17\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _17\"> </span>encuentran<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>todo<span class=\"_ _3\"></span>s <span class=\"_ _17\"> </span>suspendidos <span class=\"_ _1a\"> </span>por tramitaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>otros <span class=\"_ _f\"></span>r<span class=\"_ _3\"></span>ecursos. <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>caso <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>recursos <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>terpuestos <span class=\"_ _f\"></span>contra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Orden <span class=\"_ _f\"></span>TED/741/202<span class=\"_ _3\"></span>3, <span class=\"_ _f\"></span>el Tribunal <span class=\"_ _16\"> </span>Supremo <span class=\"_ _16\"> </span>ha <span class=\"_ _16\"> </span>tramit<span class=\"_ _3\"></span>ado <span class=\"_ _16\"> </span>todos <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>recursos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>interpuest<span class=\"_ _3\"></span>os, <span class=\"_ _16\"> </span>habi\u00e9ndose <span class=\"_ _16\"> </span>presentado <span class=\"_ _16\"> </span>escritos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de conclusiones.<span class=\"_ _3\"></span> Por lo <span class=\"_ _3\"></span>que resp<span class=\"_ _3\"></span>ecta a <span class=\"_ _3\"></span>los recurso<span class=\"_ _3\"></span>s contra<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>Orden TED/353/2024, <span class=\"_ _3\"></span>est\u00e1n en <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>fase inicial<span class=\"_ _3\"></span>, se <span class=\"_ _3\"></span>ha formulado escrito <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>demanda e<span class=\"_ _2\"></span>n uno <span class=\"_ _d\"></span>de e<span class=\"_ _2\"></span>llos y <span class=\"_ _d\"></span>el re<span class=\"_ _2\"></span>sto de <span class=\"_ _d\"></span>escritos de <span class=\"_ _d\"></span>demanda se <span class=\"_ _2\"></span>presenta<span class=\"_ _3\"></span>ron e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>meses <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>enero y febrero de 2025. <span class=\"_ _3\"></span> La <span class=\"_ _10\"></span>impugnaci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>fund<span class=\"_ _3\"></span>amenta, <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>lado, <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>la <span class=\"_ _0\"></span>normativa <span class=\"_ _10\"> </span>aprobad<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"> </span>car\u00e1cter <span class=\"_ _10\"></span>retroactivo, prohibido <span class=\"_ _3\"></span>por el <span class=\"_ _3\"></span>ordenamiento <span class=\"_ _3\"></span>jur\u00eddico, <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>incumplimien<span class=\"_ _3\"></span>to de <span class=\"_ _3\"></span>los p<span class=\"_ _3\"></span>lazos esta<span class=\"_ _3\"></span>blecidos en <span class=\"_ _3\"></span>relaci\u00f3n con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el<span class=\"_ _65\"> </span>r\u00e9gimen retrib<span class=\"_ _3\"></span>utivo con<span class=\"_ _3\"></span>tenido en <span class=\"_ _3\"></span>la L<span class=\"_ _3\"></span>ey del <span class=\"_ _3\"></span>Sector <span class=\"_ _3\"></span>El\u00e9ctrico <span class=\"_ _3\"></span>y en <span class=\"_ _3\"></span>el Real<span class=\"_ _3\"></span> Decreto <span class=\"_ _3\"></span>413/20<span class=\"_ _3\"></span>14, ad<span class=\"_ _3\"></span>em\u00e1s de <span class=\"_ _3\"></span>ser arbitraria <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>contraria <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>principios <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>buena <span class=\"_ _10\"></span>regulaci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _10\"></span>otro <span class=\"_ _0\"></span>lado, <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>acredita <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>vulneraci\u00f3n <span class=\"_ _10\"></span>del principio <span class=\"_ _23\"> </span>de <span class=\"_ _1b\"> </span>suficiencia <span class=\"_ _23\"> </span>retributiva. <span class=\"_ _23\"> </span>Adicionalmente, <span class=\"_ _23\"> </span>se <span class=\"_ _1b\"> </span>impugna <span class=\"_ _23\"> </span>de <span class=\"_ _1b\"> </span>manera <span class=\"_ _23\"> </span>indirecta <span class=\"_ _1b\"> </span>la <span class=\"_ _23\"> </span>Orden IET/1345/2015 <span class=\"_ _3\"></span>y se <span class=\"_ _3\"></span>solicita al <span class=\"_ _3\"></span>Tribu<span class=\"_ _3\"></span>nal Supremo <span class=\"_ _3\"></span>que plan<span class=\"_ _3\"></span>tee un<span class=\"_ _3\"></span>a cuesti\u00f3n <span class=\"_ _3\"></span>de in<span class=\"_ _3\"></span>constitucionalidad<span class=\"_ _3\"></span> sob<span class=\"_ _3\"></span>re el Real De<span class=\"_ _2\"></span>creto-ley 6/2022. Adem\u00e1s de <span class=\"_ _d\"></span>ar<span class=\"_ _3\"></span>gumentos de <span class=\"_ _2\"></span>car\u00e1cter jur\u00eddico, <span class=\"_ _2\"></span>la im<span class=\"_ _2\"></span>pugnaci\u00f3n se <span class=\"_ _2\"></span>fundamenta en<span class=\"_ _3\"></span> un<span class=\"_ _2\"></span> an\u00e1lisis <span class=\"_ _f\"></span>pericial <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>determina <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>existencia <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>impact<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>econ\u00f3mico <span class=\"_ _f\"></span>relevante, <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>medida <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>las \u00d3rdenes  im<span class=\"_ _2\"></span>pugnadas<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>fijan <span class=\"_ _13\"> </span>una <span class=\"_ _13\"> </span>retribuci\u00f3n  a <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>operaci\u00f3n <span class=\"_ _13\"> </span>alejada <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>costes <span class=\"_ _13\"> </span>reales, <span class=\"_ _13\"> </span>vulnerando <span class=\"_ _13\"> </span>su derecho a recibir un r\u00e9gimen <span class=\"_ _3\"></span>retributivo en los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>t\u00e9rminos legal y reglamentariamente previ<span class=\"_ _3\"></span>stos.<span class=\"_ _3\"></span> Por <span class=\"_ _0\"></span>\u00faltimo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>presentad<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>escrito <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>interposici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>recurs<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>contencioso <span class=\"_ _10\"></span>administrativo <span class=\"_ _0\"></span>frente <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>la Orden <span class=\"_ _13\"> </span>TED/526/2024,  de <span class=\"_ _10\"> </span>31<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mayo,  por<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>metodolog\u00eda <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>actualizaci\u00f3n  de <span class=\"_ _13\"> </span>l<span class=\"_ _2\"></span>a retribuci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>opera<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>generaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _10\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>cuyos <span class=\"_ _10\"></span>costes <span class=\"_ _10\"></span>de explotaci\u00f3n <span class=\"_ _3\"></span>dependan <span class=\"_ _3\"></span>esencialmente <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>combustib<span class=\"_ _3\"></span>le y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>actualizan <span class=\"_ _3\"></span>sus v<span class=\"_ _3\"></span>alores <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>retribuci\u00f3n a la operaci\u00f3n de aplicaci\u00f3n a partir de 1 de e<span class=\"_ _2\"></span>nero de 2024. Este procedimiento se encuen<span class=\"_ _3\"></span>tra pendiente<span class=\"_ _3\"></span> de formalizaci\u00f3n de escrito d<span class=\"_ _3\"></span>e demanda.<span class=\"_ _3\"></span> Concesi\u00f3n de d<span class=\"_ _3\"></span>ominio p\u00fablico <span class=\"ffc\">\u2013</span> Biof\u00e1brica d<span class=\"_ _3\"></span>e ENCE en P<span class=\"_ _3\"></span>ontevedra La resoluci\u00f3n<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>20 de <span class=\"_ _3\"></span>enero <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2016 por <span class=\"_ _3\"></span>la q<span class=\"_ _3\"></span>ue se <span class=\"_ _3\"></span>otorg\u00f3 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pr\u00f3rroga d<span class=\"_ _3\"></span>e la con<span class=\"_ _3\"></span>cesi\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dominio p\u00fa<span class=\"_ _3\"></span>blico sobre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>asienta <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>planta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>Pontevedra <span class=\"_ _f\"></span>fue <span class=\"_ _f\"></span>impugnada <span class=\"_ _f\"></span>primero <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>v\u00eda <span class=\"_ _f\"></span>adminis<span class=\"_ _3\"></span>trativa <span class=\"_ _f\"></span>y posteriormente <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>v\u00eda <span class=\"_ _f\"></span>conten<span class=\"_ _3\"></span>ciosa, <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Ayuntam<span class=\"_ _3\"></span>iento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Pontevedra <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dos <span class=\"_ _f\"></span>Asociaciones: <span class=\"_ _f\"></span>Greenpeace Espa\u00f1a y la As<span class=\"_ _3\"></span>ociaci\u00f3n por la Defensa <span class=\"_ _3\"></span>de la R\u00eda de Pontevedra (en ad<span class=\"_ _3\"></span>elante APDR).<span class=\"_ _3\"></span> Dichas im<span class=\"_ _2\"></span>pugnaciones dieron <span class=\"_ _2\"></span>lugar <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>tres <span class=\"_ _2\"></span>procedimientos ju<span class=\"_ _2\"></span>diciales seguidos <span class=\"_ _2\"></span>ante <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Sala <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>lo Contencioso<span class=\"_ _3\"></span>-<span class=\"_ _65\"> </span>Administrativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Audiencia <span class=\"_ _0\"></span>Nacional <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>fueron <span class=\"_ _0\"></span>resueltos <span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>icha <span class=\"_ _f\"></span>Sala <span class=\"_ _0\"></span>mediante <span class=\"_ _0\"></span>sentencias <span class=\"_ _0\"></span>15 <span class=\"_ _0\"></span>de Julio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2021 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>21 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>septiembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2021, <span class=\"_ _f\"></span>estim<span class=\"_ _3\"></span>ando <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>recurso<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>interpuestos <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>Greenpeace <span class=\"_ _f\"></span>Esp<span class=\"_ _3\"></span>a\u00f1a, por el <span class=\"_ _3\"></span>Ayuntamiento <span class=\"_ _3\"></span>de Pontevedra <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>por la <span class=\"_ _3\"></span>APDR, y <span class=\"_ _3\"></span>anulando la <span class=\"_ _3\"></span>Resoluci\u00f3n <span class=\"_ _3\"></span>Ministerial de <span class=\"_ _3\"></span>20 de enero <span class=\"_ _3\"></span>de 2016 de pr\u00f3rroga de <span class=\"_ _2\"></span>la concesi\u00f3n, por entender que la misma no justifica la necesidad de que <span class=\"_ _2\"></span>la  b<span class=\"_ _3\"></span>iof\u00e1brica de <span class=\"_ _d\"></span>celulosa <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>ENCE <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>Pontev<span class=\"_ _3\"></span>edra, <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>su <span class=\"_ _d\"></span>natu<span class=\"_ _3\"></span>raleza, <span class=\"_ _d\"></span>deba <span class=\"_ _2\"></span>tener <span class=\"_ _d\"></span>su <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>bicaci\u00f3n <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>dominio <span class=\"_ _2\"></span>p\u00fablico <span class=\"_ _d\"></span>mar\u00edtimo terrestre ni se alegan razon<span class=\"_ _3\"></span>es de inter\u00e9s p\u00fab<span class=\"_ _3\"></span>lico para defender la ubicaci\u00f3n a<span class=\"_ _3\"></span>ctual de la biof\u00e1brica.<span class=\"_ _f\"></span> ENCE <span class=\"_ _3\"></span>formul\u00f3 <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>28 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>septiembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2021 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>29 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>noviembre <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2021 recurso<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>casaci\u00f3n <span class=\"_ _f\"></span>ante el <span class=\"_ _f\"></span>Tribunal <span class=\"_ _3\"></span>Su<span class=\"_ _3\"></span>premo <span class=\"_ _f\"></span>contra <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>entencias <span class=\"_ _f\"></span>dictadas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Audiencia <span class=\"_ _f\"></span>Nacional, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>cuales <span class=\"_ _3\"></span>fueron <span class=\"_ _f\"></span>resueltos mediante <span class=\"_ _0\"></span>sentencias <span class=\"_ _0\"></span>favorables <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>6 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>marzo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>17 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>junio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>2025<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Tribunal Supremo <span class=\"_ _2\"></span>estima <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span> <span class=\"_ _2\"></span>recursos de <span class=\"_ _d\"></span>cas<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _2\"></span>interpuestos por <span class=\"_ _d\"></span>la Sociedad <span class=\"_ _2\"></span>contra <span class=\"_ _2\"></span>las sentencias <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Audiencia Nacional <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>15 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>julio <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>2021, <span class=\"_ _10\"></span>dictadas <span class=\"_ _10\"> </span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"> </span> <span class=\"_ _10\"></span>procedimie<span class=\"_ _2\"></span>ntos <span class=\"_ _10\"> </span>iniciados, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>Gree<span class=\"_ _2\"></span>npeace <span class=\"_ _10\"></span>Espa\u00f1<span class=\"_ _f\"></span>a, <span class=\"_ _0\"></span>el Ayuntamiento de Pon<span class=\"_ _3\"></span>tevedra y<span class=\"_ _3\"></span> la Asociaci\u00f3n por <span class=\"_ _3\"></span>la Defensa de la Ria de Pontevedra<span class=\"_ _3\"></span> (APDR).<span class=\"_ _3\"></span> Las <span class=\"_ _13\"> </span>sentencias <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>Tribunal <span class=\"_ _13\"> </span>Supremo <span class=\"_ _10\"> </span>declaran  nulas <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>citad<span class=\"_ _3\"></span>as <span class=\"_ _13\"> </span>sentencias <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>Audiencia  Nacional <span class=\"_ _13\"> </span>y<span class=\"_ _2\"></span> confirman la legalidad<span class=\"_ _3\"></span> de la pr\u00f3<span class=\"_ _3\"></span>rroga de la conces<span class=\"_ _3\"></span>i\u00f3n y, por ta<span class=\"_ _3\"></span>nto, el plazo de d<span class=\"_ _3\"></span>uraci\u00f3n de 60 a\u00f1os<span class=\"_ _3\"></span> de esta, el cual <span class=\"_ _3\"></span>se computa <span class=\"_ _3\"></span>desde <span class=\"_ _3\"></span>el d\u00eda <span class=\"_ _3\"></span>de s<span class=\"_ _3\"></span>olicitud de <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a pr\u00f3rro<span class=\"_ _3\"></span>ga. Contra <span class=\"_ _3\"></span>dichas s<span class=\"_ _3\"></span>entencias d<span class=\"_ _3\"></span>el Tribunal Supremo no cabe recurso ord<span class=\"_ _3\"></span>inario.  La <span class=\"_ _3\"></span>Abogac\u00eda <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estado, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Ayuntamiento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Pontevedra<span class=\"_ _f\"></span><span class=\"ls14\">, </span>Green <span class=\"_ _3\"></span>Peace <span class=\"_ _3\"></span><span class=\"ls17\">y <span class=\"_ _3\"></span></span>la <span class=\"_ _3\"></span>Asociaci\u00f3n <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Defensa <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la Ria <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Pontev<span class=\"_ _3\"></span>edra <span class=\"_ _10\"></span>(APDR) <span class=\"_ _10\"></span>promovieron <span class=\"_ _10\"> </span>incidentes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ulidad <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>actuaciones <span class=\"_ _10\"></span>contra <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>sentencias <span class=\"_ _10\"></span>del Tribunal Supremo. Estos incidentes fueron re<span class=\"_ _2\"></span>sueltos mediante auto por el <span class=\"_ _2\"></span>Tribunal Supremo desestimando la nulidad d<span class=\"_ _3\"></span>e las sentencias y confirmando s<span class=\"_ _3\"></span>u validez. <span class=\"_ _3\"></span> La Abogac\u00eda <span class=\"_ _2\"></span>del Estado, Gre<span class=\"_ _2\"></span>enpeace y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>Ayuntamiento de <span class=\"_ _2\"></span>Pontevedra<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>han interpuesto recursos <span class=\"_ _2\"></span>de amparo ante <span class=\"_ _3\"></span>el Tribun<span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Constitucional. <span class=\"_ _3\"></span>Los<span class=\"_ _3\"></span> recurs<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>presentados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Abogac\u00eda <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Greenpeace <span class=\"_ _3\"></span>fueron inadmitidos, <span class=\"_ _0\"></span>mientras <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>recurso <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Ayuntami<span class=\"_ _3\"></span>ento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Pontevedra <span class=\"_ _0\"></span>fue <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>mitido <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>tr\u00e1mite <span class=\"_ _0\"></span>mediante providencia de <span class=\"_ _2\"></span>fecha 26 <span class=\"_ _2\"></span>de mayo de <span class=\"_ _2\"></span>2025. <span class=\"_ _2\"></span>La compa\u00f1\u00eda y <span class=\"_ _2\"></span>sus asesores consideran que <span class=\"_ _2\"></span>existe una <span class=\"_ _2\"></span>base legal<span class=\"_ _65\"> </span>s\u00f3lida <span class=\"_ _3\"></span>para mantener <span class=\"_ _3\"></span>la legali<span class=\"_ _3\"></span>dad d<span class=\"_ _3\"></span>e la p<span class=\"_ _3\"></span>r\u00f3rroga de <span class=\"_ _3\"></span>la concesi\u00f3n <span class=\"_ _3\"></span>declarada <span class=\"_ _3\"></span>por el <span class=\"_ _3\"></span>Tribunal Sup<span class=\"_ _3\"></span>remo en su<span class=\"_ _3\"></span>s sentencias de 2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "31.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Provisiones, garant\u00edas<span class=\"_ _2\"></span> y pasivos contingentes<span class=\"_ _65\"> </span></span></span>31.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ac<span class=\"_ _3\"></span>tivos y<span class=\"_ _2\"></span> pasivos continge<span class=\"_ _2\"></span>ntes  </span></span>Al <span class=\"_ _f\"></span>cierre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _f\"></span>2025, <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>mantiene <span class=\"_ _f\"></span>reclamacio<span class=\"_ _3\"></span>nes <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>controversias <span class=\"_ _f\"></span>legales <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>consecuencia natural de su<span class=\"_ _3\"></span> negocio. Se resumen a contin<span class=\"_ _3\"></span>uaci\u00f3n las reclamaciones m\u00e1s<span class=\"_ _3\"></span> significativas<span class=\"_ _f\"></span><span class=\"ls29\">: </span> Cultivos energ\u00e9ticos<span class=\"_ _3\"></span>- En <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>ejercicios <span class=\"_ _f\"></span>2013 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>2014 <span class=\"_ _f\"></span>se <span class=\"_ _3\"></span>aprob<span class=\"_ _3\"></span>aron <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>conjun<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>disposiciones <span class=\"_ _f\"></span>normativas: <span class=\"_ _f\"></span>la Ord<span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Minis<span class=\"_ _3\"></span>terial IET/1045/2014, de 16 d<span class=\"_ _3\"></span>e junio, p<span class=\"_ _3\"></span>or la que se apru<span class=\"_ _3\"></span>eban los par\u00e1metros retributivos<span class=\"_ _3\"></span> de las instalaciones<span class=\"_ _3\"></span> tipo aplicables <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>determinadas <span class=\"_ _f\"></span>instalaciones <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _f\"></span>el\u00e9ctrica <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>tir <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>fuentes <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>energ\u00eda renovables, cogeneraci\u00f3n y residuos, dictada en desarrollo <span class=\"_ _2\"></span>de lo previsto en <span class=\"_ _2\"></span>el Real De<span class=\"_ _2\"></span>creto 413/2014, de 6 de Jun<span class=\"_ _3\"></span>io, por el qu<span class=\"_ _3\"></span>e se regula la <span class=\"_ _3\"></span>actividad d<span class=\"_ _3\"></span>e producci\u00f3n <span class=\"_ _3\"></span>de energ\u00eda el\u00e9ctrica <span class=\"_ _3\"></span>a part<span class=\"_ _f\"></span>ir de fuentes <span class=\"_ _3\"></span>de energ\u00eda renovables, cogeneraci\u00f3n y residu<span class=\"_ _3\"></span>os, ambas dictadas en desarrollo y aplicaci\u00f3n de la Ley 24/2013, de 26 <span class=\"_ _2\"></span>de diciembre, <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Sector <span class=\"_ _13\"> </span>El\u00e9ctrico <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>del <span class=\"_ _13\"> </span>Real <span class=\"_ _10\"></span>Decreto-ley <span class=\"_ _10\"> </span>9/2<span class=\"_ _3\"></span>013, <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>12 <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>julio, <span class=\"_ _10\"> </span>por <span class=\"_ _13\"> </span>e<span class=\"_ _2\"></span>l <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>se <span class=\"_ _13\"> </span>adoptaron medidas <span class=\"_ _16\"> </span>urgentes <span class=\"_ _19\"> </span>para<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>garantizar <span class=\"_ _16\"> </span>la <span class=\"_ _19\"> </span>estabilidad <span class=\"_ _19\"> </span>financiera <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>istema <span class=\"_ _16\"> </span>el\u00e9ctrico, <span class=\"_ _16\"> </span>qu<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>modificaron <span class=\"_ _16\"> </span>el<span class=\"_ _3\"></span> esquema <span class=\"_ _10\"> </span>retributivo <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>r\u00e9gimen <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>tributaci\u00f3n <span class=\"_ _10\"> </span>aplicab<span class=\"_ _3\"></span>le <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>instalaciones <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>generaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>energ\u00eda renovable, <span class=\"_ _10\"></span>incluida <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _10\"> </span>cogeneraci\u00f3n <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>biomasa. <span class=\"_ _10\"></span>Esta <span class=\"_ _10\"></span>n<span class=\"_ _2\"></span>ueva <span class=\"_ _13\"> </span>regulaci\u00f3n, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>t\u00e9rminos retributivos equiparab<span class=\"_ _3\"></span>a los cultivos energ\u00e9ticos a <span class=\"_ _2\"></span>los restos forestales y agr\u00edcolas, oblig\u00f3 a ENCE a iniciar un proceso <span class=\"_ _3\"></span>para <span class=\"_ _3\"></span>abandonar <span class=\"_ _3\"></span>ordenada <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>definitivamente <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>gesti\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>plantaciones <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cultivos <span class=\"_ _3\"></span>energ\u00e9ticos desarrolladas<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>incluy<span class=\"_ _3\"></span>endo <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>resoluci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>contrato<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>arr<span class=\"_ _3\"></span>endamientos, <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>consiguiente <span class=\"_ _f\"></span>deterioro <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e las inversion<span class=\"_ _3\"></span>es realizadas y la dotaci\u00f3n d<span class=\"_ _3\"></span>e las necesarias provision<span class=\"_ _3\"></span>es. Como consecuencia de <span class=\"_ _2\"></span>ello, el 14 <span class=\"_ _d\"></span>de julio de <span class=\"_ _2\"></span>2014, ENCE y <span class=\"_ _2\"></span>determinad<span class=\"_ _3\"></span>as sociedades del <span class=\"_ _d\"></span>G<span class=\"_ _3\"></span>rupo (en <span class=\"_ _2\"></span>adelante \u201cENCE\u201d), <span class=\"_ _13\"> </span>presentaron <span class=\"_ _13\"> </span>ante <span class=\"_ _10\"> </span>el <span class=\"_ _13\"> </span>entonces <span class=\"_ _10\"> </span>Ministerio <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>Industria, <span class=\"_ _13\"> </span>Energ\u00eda <span class=\"_ _10\"> </span>y <span class=\"_ _13\"> </span>Turismo <span class=\"_ _10\"> </span>una <span class=\"_ _13\"> </span>reclamaci\u00f3n <span class=\"_ _13\"> </span>de Responsabilidad<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>Patrimonial <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>Adminis<span class=\"_ _3\"></span>traci\u00f3n <span class=\"_ _18\"> </span>Ge<span class=\"_ _3\"></span><span class=\"ff6\">neral <span class=\"_ _18\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>Estado <span class=\"_ _18\"> </span>(en <span class=\"_ _18\"> </span>adelan<span class=\"_ _3\"></span>te <span class=\"_ _18\"> </span>\u201cRPA\u201d), <span class=\"_ _18\"> </span>cuya </span>cuantificaci\u00f3n <span class=\"_ _10\"></span>final, <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _10\"></span>informes <span class=\"_ _0\"></span>elaborad<span class=\"_ _3\"></span>os <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>experto <span class=\"_ _0\"></span>independiente, <span class=\"_ _10\"></span>ascendi\u00f3 <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>cuant\u00eda <span class=\"_ _0\"></span>de 63.300 miles \u20ac.<span class=\"_ _65\"> </span>Con fecha 17 de <span class=\"_ _3\"></span>febrero de 2<span class=\"_ _3\"></span>021 ENCE present\u00f3 u<span class=\"_ _3\"></span>n escrito an<span class=\"_ _3\"></span>te el Ministerio para la <span class=\"_ _3\"></span>Transici\u00f3n<span class=\"_ _3\"></span> Ecol\u00f3gica y el <span class=\"_ _d\"></span>Reto <span class=\"_ _2\"></span>Demogr\u00e1fico, <span class=\"_ _2\"></span>hoy <span class=\"_ _2\"></span>competente <span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>materia <span class=\"_ _d\"></span>de energ\u00eda, <span class=\"_ _d\"></span>reiterando la <span class=\"_ _d\"></span>solicitud <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>Administra<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>ara que <span class=\"_ _0\"></span>dictase <span class=\"_ _10\"></span>resoluci\u00f3n <span class=\"_ _0\"></span>expresa <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>expe<span class=\"_ _3\"></span>diente <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>RPA <span class=\"_ _10\"></span>planteado, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cual <span class=\"_ _10\"> </span>evaluar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>pos<span class=\"_ _3\"></span>ible ejercicio de acciones ulterior<span class=\"_ _3\"></span>es.  Con <span class=\"_ _3\"></span>fecha <span class=\"_ _f\"></span>15 d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>noviembr<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>1 <span class=\"_ _3\"></span>Ence <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ecibi\u00f3 <span class=\"_ _3\"></span>un <span class=\"_ _f\"></span>oficio <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Secretaria <span class=\"_ _3\"></span>General <span class=\"_ _f\"></span>T\u00e9cnica <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Minister<span class=\"_ _3\"></span>io para <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Transici\u00f3n En<span class=\"_ _3\"></span>erg\u00e9tica <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Reto <span class=\"_ _3\"></span>Demogr\u00e1<span class=\"_ _3\"></span>fico <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>cual <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>aba <span class=\"_ _3\"></span>traslado <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>informe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la Direcci\u00f3n <span class=\"_ _17\"> </span>General <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>Pol\u00edtic<span class=\"_ _3\"></span>a <span class=\"_ _17\"> </span>Energ\u00e9tica <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>Minas <span class=\"_ _17\"> </span>(Informe <span class=\"_ _15\"> </span>DGPEM<span class=\"_ _3\"></span>) <span class=\"_ _15\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>se <span class=\"_ _15\"> </span>con<span class=\"_ _3\"></span>clu\u00eda <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>la indemnizaci\u00f3n <span class=\"_ _f\"></span>reclamada <span class=\"_ _f\"></span>no <span class=\"_ _f\"></span>era <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>rocedente. <span class=\"_ _f\"></span> E<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>29/11/2023, <span class=\"_ _f\"></span>ENCE <span class=\"_ _f\"></span>present\u00f3 <span class=\"_ _f\"></span>alegaciones <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span>trovirtiendo las <span class=\"_ _10\"></span>consideraciones <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Informe <span class=\"_ _0\"></span>DGPEM <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>solicit\u00f3 <span class=\"_ _10\"></span>acceso <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>vista <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>expediente <span class=\"_ _0\"></span>sin <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>has<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _0\"></span>la Administracion hay<span class=\"_ _3\"></span>a contestado.<span class=\"_ _3\"></span> Adem\u00e1s, <span class=\"_ _17\"> </span>ENCE <span class=\"_ _1a\"> </span>ha <span class=\"_ _17\"> </span>reiterado<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>recordado, <span class=\"_ _1a\"> </span>en <span class=\"_ _17\"> </span>diversas<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>ocasion<span class=\"_ _3\"></span>es, <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>obligaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>pesa <span class=\"_ _1a\"> </span>sobre <span class=\"_ _17\"> </span>la<span class=\"_ _3\"></span> Administraci\u00f3n de reso<span class=\"_ _3\"></span>lver, en tiempo y forma, la<span class=\"_ _3\"></span> solicitud de RPA formulad<span class=\"_ _3\"></span>a en el a\u00f1o 2014.<span class=\"_ _f\"></span> Ante el <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>ilencio de <span class=\"_ _2\"></span>la solicitud de <span class=\"_ _2\"></span>RPA, <span class=\"_ _2\"></span>con fecha 10 <span class=\"_ _2\"></span>de febrero <span class=\"_ _2\"></span>de 2023 <span class=\"_ _2\"></span>ENCE interpuso recurso contencioso administrativo <span class=\"_ _13\"> </span>y, <span class=\"_ _10\"> </span>con <span class=\"_ _10\"> </span>fecha <span class=\"_ _13\"> </span>21 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>junio <span class=\"_ _10\"> </span>de <span class=\"_ _13\"> </span>2023, <span class=\"_ _10\"> </span>present\u00f3 <span class=\"_ _13\"> </span>escrito <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>demand<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>con <span class=\"_ _13\"> </span>fundamento <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>e<span class=\"_ _3\"></span>l instituto <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>RPA <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>bas<span class=\"_ _3\"></span>e a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>inv<span class=\"_ _3\"></span>iabilidad <span class=\"_ _f\"></span>total gen<span class=\"_ _3\"></span>erada <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>nuevo <span class=\"_ _3\"></span>marco <span class=\"_ _3\"></span>regul<span class=\"_ _3\"></span>atorio, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>partir <span class=\"_ _3\"></span>de 2013<span class=\"ls0_1\">-2014,  para  e<span class=\"_ _2\"></span>l  modelo  de <span class=\"_ _13\"> </span>generaci\u00f3n <span class=\"_ _13\"> </span>de  energ\u00eda <span class=\"_ _13\"> </span>el\u00e9ctrica  mediante  la <span class=\"_ _13\"> </span>utilizaci\u00f3n  de  los <span class=\"_ _13\"> </span>cultivos </span>energ\u00e9ticos, <span class=\"_ _e\"> </span>inviab<span class=\"_ _3\"></span>ilidad <span class=\"_ _e\"> </span>que <span class=\"_ _23\"> </span>d<span class=\"_ _3\"></span>etermin\u00f3 <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>generaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>de <span class=\"_ _23\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _e\"> </span>da\u00f1o <span class=\"_ _e\"> </span>real, <span class=\"_ _e\"> </span>efectiv<span class=\"_ _3\"></span>o <span class=\"_ _e\"> </span>y <span class=\"_ _e\"> </span>evaluable<span class=\"_ _65\"> </span>econ\u00f3micamente, <span class=\"_ _3\"></span>vinculado <span class=\"_ _3\"></span>directam<span class=\"_ _3\"></span>ente a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>finalizaci\u00f3n<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>completo <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>todo <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>proceso <span class=\"_ _3\"></span>prod<span class=\"_ _3\"></span>uctivo d<span class=\"_ _3\"></span>e ENCE con los<span class=\"_ _3\"></span> cultivos energ\u00e9ticos. E<span class=\"_ _3\"></span>l recurso est\u00e1 pend<span class=\"_ _3\"></span>iente de fijaci\u00f3n de fecha par<span class=\"_ _3\"></span>a votaci\u00f3n y fallo.<span class=\"_ _f\"></span> Regulaci\u00f3n sec<span class=\"_ _3\"></span>tor el\u00e9ctrico - Las <span class=\"_ _10\"></span>sociedades <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>como <span class=\"_ _10\"> </span>parte <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>actividad <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _10\"></span>afectadas <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>regulaci\u00f3n <span class=\"_ _10\"> </span>del <span class=\"_ _10\"></span>sector el\u00e9ctrico, <span class=\"_ _1b\"> </span>han <span class=\"_ _1b\"> </span>interpuesto <span class=\"_ _18\"> </span>recursos <span class=\"_ _1b\"> </span>contencioso<span class=\"_ _3\"></span>-administra<span class=\"_ _3\"></span>tivos, <span class=\"_ _18\"> </span>an<span class=\"_ _3\"></span>te <span class=\"_ _18\"> </span>la <span class=\"_ _1b\"> </span>Sala <span class=\"_ _1b\"> </span>de <span class=\"_ _18\"> </span>lo <span class=\"_ _1b\"> </span>Contencioso<span class=\"_ _3\"></span>-<span class=\"_ _65\"> </span>Administrativo <span class=\"_ _f\"></span>del Tribun<span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Supremo, <span class=\"_ _3\"></span>frente <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>\u00d3rdenes <span class=\"_ _3\"></span>M<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>isteriales <span class=\"_ _3\"></span>TED/1232/20<span class=\"_ _3\"></span>22, <span class=\"_ _3\"></span>TED/1295/2022, TED/741/2023 y <span class=\"_ _d\"></span>/353/2024 por <span class=\"_ _d\"></span> las <span class=\"_ _d\"></span>que se <span class=\"_ _d\"></span>establecen <span class=\"_ _2\"></span>los pa<span class=\"_ _2\"></span>r\u00e1metros re<span class=\"_ _2\"></span>tributivos<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>para <span class=\"_ _2\"></span>las <span class=\"_ _d\"></span>instalacion<span class=\"_ _3\"></span>es <span class=\"_ _2\"></span>tipo aplicables <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>instalaciones<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>producci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>energ\u00eda <span class=\"_ _3\"></span>el\u00e9ctrica <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>partir <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>fuentes<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>energ\u00eda<span class=\"_ _3\"></span> renovables, <span class=\"_ _3\"></span>cogeneraci\u00f3n y <span class=\"_ _3\"></span>residuos <span class=\"_ _3\"></span>a efectos <span class=\"_ _3\"></span>de su ap<span class=\"_ _3\"></span>licaci\u00f3n a <span class=\"_ _3\"></span>los dos <span class=\"_ _3\"></span>semestres de <span class=\"_ _3\"></span>los ejercicios <span class=\"_ _3\"></span>2022 y 2023.<span class=\"ls0_1\"> </span>En  cuanto  a <span class=\"_ _13\"> </span>los  recursos  co<span class=\"_ _2\"></span>ntencioso<span class=\"_ _3\"></span>-administrativ<span class=\"_ _3\"></span>o  interpuestos  contra <span class=\"_ _13\"> </span>la  Orden <span class=\"_ _13\"> </span>TED/1232/2022,  el Tribunal <span class=\"_ _16\"> </span>Supremo <span class=\"_ _16\"> </span>acord\u00f3, <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>su <span class=\"_ _16\"> </span>momento,  la <span class=\"_ _16\"> </span>tra<span class=\"_ _3\"></span>mitaci\u00f3n <span class=\"_ _16\"> </span>como <span class=\"_ _16\"> </span>preferentes  de <span class=\"_ _16\"> </span>varios <span class=\"_ _16\"> </span>recursos <span class=\"_ _16\"> </span>por tecnolog\u00eda, <span class=\"_ _f\"></span>incluidos <span class=\"_ _f\"></span>4 <span class=\"_ _f\"></span>interpuestos <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>ENCE. <span class=\"_ _f\"></span>Con <span class=\"_ _f\"></span>fecha <span class=\"_ _f\"></span>9 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>febrero, <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Secci\u00f3n <span class=\"_ _f\"></span>tercera <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>Sala <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>lo Contencioso-Administra<span class=\"_ _3\"></span>tivo <span class=\"_ _13\"> </span>del <span class=\"_ _10\"> </span>Tribunal <span class=\"_ _13\"> </span>Supremo <span class=\"_ _10\"> </span>ha <span class=\"_ _13\"> </span>dictado <span class=\"_ _13\"> </span>Sentencia <span class=\"_ _13\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>Pro<span class=\"_ _3\"></span>cedimiento <span class=\"_ _13\"> </span>Ordinario 1030/2022 <span class=\"_ _16\"> </span>d<span class=\"_ _3\"></span>esestimando <span class=\"_ _19\"> </span>el <span class=\"_ _19\"> </span>recurso <span class=\"_ _19\"> </span>contencioso<span class=\"_ _3\"></span>-adminis<span class=\"_ _3\"></span>trativo <span class=\"_ _19\"> </span>interpuesto <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>representaci\u00f3n <span class=\"_ _16\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>la entidad <span class=\"_ _0\"></span>Ence <span class=\"_ _f\"></span>En<span class=\"_ _3\"></span>erg\u00eda <span class=\"_ _f\"></span>Huelva, <span class=\"_ _f\"></span>S.L.U. <span class=\"_ _0\"></span>De <span class=\"_ _f\"></span>los <span class=\"_ _0\"></span>tres <span class=\"_ _f\"></span>recurs<span class=\"_ _3\"></span>os <span class=\"_ _f\"></span>restantes, <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>no <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>ellos <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>encuentra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>fas<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>de fijaci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>d\u00eda <span class=\"_ _2\"></span>para votaci\u00f3n <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>fallo y <span class=\"_ _d\"></span>los otros <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>os <span class=\"_ _2\"></span>tienen <span class=\"_ _2\"></span>fijado la <span class=\"_ _d\"></span>votaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>y <span class=\"_ _d\"></span>fallo en <span class=\"_ _d\"></span>el mes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>abril <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>2026.<span class=\"_ _3\"></span> Los <span class=\"_ _1a\"> </span>recursos <span class=\"_ _17\"> </span>interp<span class=\"_ _3\"></span>uestos <span class=\"_ _17\"> </span>contra<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>la <span class=\"_ _1a\"> </span>Orden <span class=\"_ _17\"> </span>TED/1295/<span class=\"_ _3\"></span>2022, <span class=\"_ _17\"> </span>s<span class=\"_ _3\"></span>e <span class=\"_ _17\"> </span>encuentran<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>todo<span class=\"_ _3\"></span>s <span class=\"_ _17\"> </span>suspendidos <span class=\"_ _1a\"> </span>por tramitaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>otros <span class=\"_ _f\"></span>r<span class=\"_ _3\"></span>ecursos. <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>caso <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>recursos <span class=\"_ _f\"></span>in<span class=\"_ _3\"></span>terpuestos <span class=\"_ _f\"></span>contra<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Orden <span class=\"_ _f\"></span>TED/741/202<span class=\"_ _3\"></span>3, <span class=\"_ _f\"></span>el Tribunal <span class=\"_ _16\"> </span>Supremo <span class=\"_ _16\"> </span>ha <span class=\"_ _16\"> </span>tramit<span class=\"_ _3\"></span>ado <span class=\"_ _16\"> </span>todos <span class=\"_ _16\"> </span>los <span class=\"_ _16\"> </span>recursos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>interpuest<span class=\"_ _3\"></span>os, <span class=\"_ _16\"> </span>habi\u00e9ndose <span class=\"_ _16\"> </span>presentado <span class=\"_ _16\"> </span>escritos<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>de conclusiones.<span class=\"_ _3\"></span> Por lo <span class=\"_ _3\"></span>que resp<span class=\"_ _3\"></span>ecta a <span class=\"_ _3\"></span>los recurso<span class=\"_ _3\"></span>s contra<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>Orden TED/353/2024, <span class=\"_ _3\"></span>est\u00e1n en <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>fase inicial<span class=\"_ _3\"></span>, se <span class=\"_ _3\"></span>ha formulado escrito <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>demanda e<span class=\"_ _2\"></span>n uno <span class=\"_ _d\"></span>de e<span class=\"_ _2\"></span>llos y <span class=\"_ _d\"></span>el re<span class=\"_ _2\"></span>sto de <span class=\"_ _d\"></span>escritos de <span class=\"_ _d\"></span>demanda se <span class=\"_ _2\"></span>presenta<span class=\"_ _3\"></span>ron e<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>meses <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>enero y febrero de 2025. <span class=\"_ _3\"></span> La <span class=\"_ _10\"></span>impugnaci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>fund<span class=\"_ _3\"></span>amenta, <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>lado, <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>que <span class=\"_ _10\"> </span>la <span class=\"_ _0\"></span>normativa <span class=\"_ _10\"> </span>aprobad<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"> </span>car\u00e1cter <span class=\"_ _10\"></span>retroactivo, prohibido <span class=\"_ _3\"></span>por el <span class=\"_ _3\"></span>ordenamiento <span class=\"_ _3\"></span>jur\u00eddico, <span class=\"_ _3\"></span>en el <span class=\"_ _3\"></span>incumplimien<span class=\"_ _3\"></span>to de <span class=\"_ _3\"></span>los p<span class=\"_ _3\"></span>lazos esta<span class=\"_ _3\"></span>blecidos en <span class=\"_ _3\"></span>relaci\u00f3n con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>el<span class=\"_ _65\"> </span><div class=\"c w3_1 h3d gs9e\"><div class=\"t_1 m0_1 x7d h7_1 y1d2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">r\u00e9gimen retrib<span class=\"_ _3\"></span>utivo con<span class=\"_ _3\"></span>tenido en <span class=\"_ _3\"></span>la L<span class=\"_ _3\"></span>ey del <span class=\"_ _3\"></span>Sector <span class=\"_ _3\"></span>El\u00e9ctrico <span class=\"_ _3\"></span>y en <span class=\"_ _3\"></span>el Real<span class=\"_ _3\"></span> Decreto <span class=\"_ _3\"></span>413/20<span class=\"_ _3\"></span>14, ad<span class=\"_ _3\"></span>em\u00e1s de <span class=\"_ _3\"></span>ser </div><div class=\"t_1 m0_1 x7d h7_1 y1d3 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">arbitraria <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>contraria <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>principios <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>buena <span class=\"_ _10\"></span>regulaci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _10\"></span>otro <span class=\"_ _0\"></span>lado, <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>acredita <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>vulneraci\u00f3n <span class=\"_ _10\"></span>del </div><div class=\"t_1 m0_1 x7d h7_1 y1d4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">principio <span class=\"_ _23\"> </span>de <span class=\"_ _1b\"> </span>suficiencia <span class=\"_ _23\"> </span>retributiva. <span class=\"_ _23\"> </span>Adicionalmente, <span class=\"_ _23\"> </span>se <span class=\"_ _1b\"> </span>impugna <span class=\"_ _23\"> </span>de <span class=\"_ _1b\"> </span>manera <span class=\"_ _23\"> </span>indirecta <span class=\"_ _1b\"> </span>la <span class=\"_ _23\"> </span>Orden </div><div class=\"t_1 m0_1 x7d h7_1 y1f8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">IET/1345/2015 <span class=\"_ _3\"></span>y se <span class=\"_ _3\"></span>solicita al <span class=\"_ _3\"></span>Tribu<span class=\"_ _3\"></span>nal Supremo <span class=\"_ _3\"></span>que plan<span class=\"_ _3\"></span>tee un<span class=\"_ _3\"></span>a cuesti\u00f3n <span class=\"_ _3\"></span>de in<span class=\"_ _3\"></span>constitucionalidad<span class=\"_ _3\"></span> sob<span class=\"_ _3\"></span>re el </div><div class=\"t_1 m0_1 x7d h7_1 y219 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Real De<span class=\"_ _2\"></span>creto-ley 6/2022. Adem\u00e1s de <span class=\"_ _d\"></span>ar<span class=\"_ _3\"></span>gumentos de <span class=\"_ _2\"></span>car\u00e1cter jur\u00eddico, <span class=\"_ _2\"></span>la im<span class=\"_ _2\"></span>pugnaci\u00f3n se <span class=\"_ _2\"></span>fundamenta en<span class=\"_ _3\"></span> un<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y21a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">an\u00e1lisis <span class=\"_ _f\"></span>pericial <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>determina <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>existencia <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>impact<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>econ\u00f3mico <span class=\"_ _f\"></span>relevante, <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>medida <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>que <span class=\"_ _f\"></span>las </div><div class=\"t_1 m0_1 x7d h7_1 y21b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">\u00d3rdenes  im<span class=\"_ _2\"></span>pugnadas<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>fijan <span class=\"_ _13\"> </span>una <span class=\"_ _13\"> </span>retribuci\u00f3n  a <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>operaci\u00f3n <span class=\"_ _13\"> </span>alejada <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>costes <span class=\"_ _13\"> </span>reales, <span class=\"_ _13\"> </span>vulnerando <span class=\"_ _13\"> </span>su </div><div class=\"t_1 m0_1 x7d h7_1 y21c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">derecho a recibir un r\u00e9gimen <span class=\"_ _3\"></span>retributivo en los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>t\u00e9rminos legal y reglamentariamente previ<span class=\"_ _3\"></span>stos.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y333 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _0\"></span>\u00faltimo, <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>presentad<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>escrito <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>interposici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>recurs<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>contencioso <span class=\"_ _10\"></span>administrativo <span class=\"_ _0\"></span>frente <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>la </div><div class=\"t_1 m0_1 x7d h7_1 y334 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Orden <span class=\"_ _13\"> </span>TED/526/2024,  de <span class=\"_ _10\"> </span>31<span class=\"_ _3\"></span> <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mayo,  por<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>establece <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>metodolog\u00eda <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>actualizaci\u00f3n  de <span class=\"_ _13\"> </span>l<span class=\"_ _2\"></span>a </div><div class=\"t_1 m0_1 x7d h7_1 y335 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">retribuci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>opera<span class=\"_ _3\"></span>ci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"> </span>generaci\u00f3n <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _10\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>cuyos <span class=\"_ _10\"></span>costes <span class=\"_ _10\"></span>de </div><div class=\"t_1 m0_1 x7d h7_1 y336 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n <span class=\"_ _3\"></span>dependan <span class=\"_ _3\"></span>esencialmente <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>precio <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>combustib<span class=\"_ _3\"></span>le y <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>actualizan <span class=\"_ _3\"></span>sus v<span class=\"_ _3\"></span>alores <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>retribuci\u00f3n </div><div class=\"t_1 m0_1 x7d h7_1 y6da ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">a la operaci\u00f3n de aplicaci\u00f3n a partir de 1 de e<span class=\"_ _2\"></span>nero de 2024. Este procedimiento se encuen<span class=\"_ _3\"></span>tra pendiente<span class=\"_ _3\"></span> de </div><div class=\"t_1 m0_1 x7d h7_1 ya0f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">formalizaci\u00f3n de escrito d<span class=\"_ _3\"></span>e demanda.<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x21 h56 y2c1 ff9 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Concesi\u00f3n de d<span class=\"_ _3\"></span>ominio p\u00fablico <span class=\"ffc\">\u2013</span> Biof\u00e1brica d<span class=\"_ _3\"></span>e ENCE en P<span class=\"_ _3\"></span>ontevedra </div><div class=\"t_1 m0_1 x7d h7_1 y325 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La resoluci\u00f3n<span class=\"_ _3\"></span> de <span class=\"_ _3\"></span>20 de <span class=\"_ _3\"></span>enero <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2016 por <span class=\"_ _3\"></span>la q<span class=\"_ _3\"></span>ue se <span class=\"_ _3\"></span>otorg\u00f3 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pr\u00f3rroga d<span class=\"_ _3\"></span>e la con<span class=\"_ _3\"></span>cesi\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dominio p\u00fa<span class=\"_ _3\"></span>blico </div><div class=\"t_1 m0_1 x7d h7_1 y326 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">sobre <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>asienta <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>planta <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>Pontevedra <span class=\"_ _f\"></span>fue <span class=\"_ _f\"></span>impugnada <span class=\"_ _f\"></span>primero <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>v\u00eda <span class=\"_ _f\"></span>adminis<span class=\"_ _3\"></span>trativa <span class=\"_ _f\"></span>y </div><div class=\"t_1 m0_1 x7d h7_1 y2c4 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">posteriormente <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>v\u00eda <span class=\"_ _f\"></span>conten<span class=\"_ _3\"></span>ciosa, <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Ayuntam<span class=\"_ _3\"></span>iento <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Pontevedra <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>dos <span class=\"_ _f\"></span>Asociaciones: <span class=\"_ _f\"></span>Greenpeace </div><div class=\"t_1 m0_1 x7d h7_1 y2c5 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Espa\u00f1a y la As<span class=\"_ _3\"></span>ociaci\u00f3n por la Defensa <span class=\"_ _3\"></span>de la R\u00eda de Pontevedra (en ad<span class=\"_ _3\"></span>elante APDR).<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y2c6 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Dichas im<span class=\"_ _2\"></span>pugnaciones dieron <span class=\"_ _2\"></span>lugar <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>tres <span class=\"_ _2\"></span>procedimientos ju<span class=\"_ _2\"></span>diciales seguidos <span class=\"_ _2\"></span>ante <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Sala <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>lo Contencioso<span class=\"_ _3\"></span>-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x7d h7_1 y2c7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Audiencia <span class=\"_ _0\"></span>Nacional <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>fueron <span class=\"_ _0\"></span>resueltos <span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>icha <span class=\"_ _f\"></span>Sala <span class=\"_ _0\"></span>mediante <span class=\"_ _0\"></span>sentencias <span class=\"_ _0\"></span>15 <span class=\"_ _0\"></span>de </div><div class=\"t_1 m0_1 x7d h7_1 y2c8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Julio <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2021 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>21 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>septiembre <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2021, <span class=\"_ _f\"></span>estim<span class=\"_ _3\"></span>ando <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>recurso<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>interpuestos <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>Greenpeace <span class=\"_ _f\"></span>Esp<span class=\"_ _3\"></span>a\u00f1a, </div><div class=\"t_1 m0_1 x7d h7_1 y2c9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">por el <span class=\"_ _3\"></span>Ayuntamiento <span class=\"_ _3\"></span>de Pontevedra <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>por la <span class=\"_ _3\"></span>APDR, y <span class=\"_ _3\"></span>anulando la <span class=\"_ _3\"></span>Resoluci\u00f3n <span class=\"_ _3\"></span>Ministerial de <span class=\"_ _3\"></span>20 de enero <span class=\"_ _3\"></span>de </div><div class=\"t_1 m0_1 x7d h7_1 y2ca ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">2016 de pr\u00f3rroga de <span class=\"_ _2\"></span>la concesi\u00f3n, por entender que la misma no justifica la necesidad de que <span class=\"_ _2\"></span>la  b<span class=\"_ _3\"></span>iof\u00e1brica </div><div class=\"t_1 m0_1 x7d h7_1 y2cb ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _d\"></span>celulosa <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>ENCE <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>Pontev<span class=\"_ _3\"></span>edra, <span class=\"_ _d\"></span>por <span class=\"_ _2\"></span>su <span class=\"_ _d\"></span>natu<span class=\"_ _3\"></span>raleza, <span class=\"_ _d\"></span>deba <span class=\"_ _2\"></span>tener <span class=\"_ _d\"></span>su <span class=\"_ _d\"></span>u<span class=\"_ _3\"></span>bicaci\u00f3n <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>dominio <span class=\"_ _2\"></span>p\u00fablico <span class=\"_ _d\"></span>mar\u00edtimo </div><div class=\"t_1 m0_1 x7d h7_1 y26b ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">terrestre ni se alegan razon<span class=\"_ _3\"></span>es de inter\u00e9s p\u00fab<span class=\"_ _3\"></span>lico para defender la ubicaci\u00f3n a<span class=\"_ _3\"></span>ctual de la biof\u00e1brica.<span class=\"_ _f\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y2cd ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _3\"></span>formul\u00f3 <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>fecha <span class=\"_ _3\"></span>28 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>septiembre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2021 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>29 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>noviembre <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2021 recurso<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>casaci\u00f3n <span class=\"_ _f\"></span>ante </div><div class=\"t_1 m0_1 x7d h7_1 y2ce ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"_ _f\"></span>Tribunal <span class=\"_ _3\"></span>Su<span class=\"_ _3\"></span>premo <span class=\"_ _f\"></span>contra <span class=\"_ _f\"></span>las <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>entencias <span class=\"_ _f\"></span>dictadas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>Audiencia <span class=\"_ _f\"></span>Nacional, <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>cuales <span class=\"_ _3\"></span>fueron <span class=\"_ _f\"></span>resueltos </div><div class=\"t_1 m0_1 x7d h7_1 y30c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">mediante <span class=\"_ _0\"></span>sentencias <span class=\"_ _0\"></span>favorables <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>6 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>marzo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>17 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>junio <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>2025<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Tribunal </div><div class=\"t_1 m0_1 x7d h7_1 y295 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Supremo <span class=\"_ _2\"></span>estima <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span> <span class=\"_ _2\"></span>recursos de <span class=\"_ _d\"></span>cas<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _2\"></span>interpuestos por <span class=\"_ _d\"></span>la Sociedad <span class=\"_ _2\"></span>contra <span class=\"_ _2\"></span>las sentencias <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>Audiencia </div><div class=\"t_1 m0_1 x7d h7_1 y34c ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Nacional <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>15 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>julio <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>2021, <span class=\"_ _10\"></span>dictadas <span class=\"_ _10\"> </span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"> </span> <span class=\"_ _10\"></span>procedimie<span class=\"_ _2\"></span>ntos <span class=\"_ _10\"> </span>iniciados, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>Gree<span class=\"_ _2\"></span>npeace <span class=\"_ _10\"></span>Espa\u00f1<span class=\"_ _f\"></span>a, <span class=\"_ _0\"></span>el </div><div class=\"t_1 m0_1 x7d h7_1 y34d ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Ayuntamiento de Pon<span class=\"_ _3\"></span>tevedra y<span class=\"_ _3\"></span> la Asociaci\u00f3n por <span class=\"_ _3\"></span>la Defensa de la Ria de Pontevedra<span class=\"_ _3\"></span> (APDR).<span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y3c6 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"_ _13\"> </span>sentencias <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>Tribunal <span class=\"_ _13\"> </span>Supremo <span class=\"_ _10\"> </span>declaran  nulas <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>citad<span class=\"_ _3\"></span>as <span class=\"_ _13\"> </span>sentencias <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>Audiencia  Nacional <span class=\"_ _13\"> </span>y<span class=\"_ _2\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y3c7 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">confirman la legalidad<span class=\"_ _3\"></span> de la pr\u00f3<span class=\"_ _3\"></span>rroga de la conces<span class=\"_ _3\"></span>i\u00f3n y, por ta<span class=\"_ _3\"></span>nto, el plazo de d<span class=\"_ _3\"></span>uraci\u00f3n de 60 a\u00f1os<span class=\"_ _3\"></span> de esta, </div><div class=\"t_1 m0_1 x7d h7_1 y481 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">el cual <span class=\"_ _3\"></span>se computa <span class=\"_ _3\"></span>desde <span class=\"_ _3\"></span>el d\u00eda <span class=\"_ _3\"></span>de s<span class=\"_ _3\"></span>olicitud de <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a pr\u00f3rro<span class=\"_ _3\"></span>ga. Contra <span class=\"_ _3\"></span>dichas s<span class=\"_ _3\"></span>entencias d<span class=\"_ _3\"></span>el Tribunal Supremo </div><div class=\"t_1 m0_1 x7d h7_1 y34f ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">no cabe recurso ord<span class=\"_ _3\"></span>inario.  </div><div class=\"t_1 m0_1 x7d h7_1 y3c9 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _3\"></span>Abogac\u00eda <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estado, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Ayuntamiento <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Pontevedra<span class=\"_ _f\"></span><span class=\"ls14\">, </span>Green <span class=\"_ _3\"></span>Peace <span class=\"_ _3\"></span><span class=\"ls17\">y <span class=\"_ _3\"></span></span>la <span class=\"_ _3\"></span>Asociaci\u00f3n <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Defensa <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la </div><div class=\"t_1 m0_1 x7d h7_1 y351 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Ria <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Pontev<span class=\"_ _3\"></span>edra <span class=\"_ _10\"></span>(APDR) <span class=\"_ _10\"></span>promovieron <span class=\"_ _10\"> </span>incidentes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ulidad <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>actuaciones <span class=\"_ _10\"></span>contra <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>sentencias <span class=\"_ _10\"></span>del </div><div class=\"t_1 m0_1 x7d h7_1 yd8 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Tribunal Supremo. Estos incidentes fueron re<span class=\"_ _2\"></span>sueltos mediante auto por el <span class=\"_ _2\"></span>Tribunal Supremo desestimando </div><div class=\"t_1 m0_1 x7d h7_1 y352 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">la nulidad d<span class=\"_ _3\"></span>e las sentencias y confirmando s<span class=\"_ _3\"></span>u validez. <span class=\"_ _3\"></span> </div><div class=\"t_1 m0_1 x7d h7_1 y3ca ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">La Abogac\u00eda <span class=\"_ _2\"></span>del Estado, Gre<span class=\"_ _2\"></span>enpeace y <span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>Ayuntamiento de <span class=\"_ _2\"></span>Pontevedra<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>han interpuesto recursos <span class=\"_ _2\"></span>de amparo </div><div class=\"t_1 m0_1 x7d h7_1 y353 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">ante <span class=\"_ _3\"></span>el Tribun<span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Constitucional. <span class=\"_ _3\"></span>Los<span class=\"_ _3\"></span> recurs<span class=\"_ _3\"></span>os <span class=\"_ _3\"></span>presentados <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Abogac\u00eda <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Greenpeace <span class=\"_ _3\"></span>fueron </div><div class=\"t_1 m0_1 x7d h7_1 y354 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">inadmitidos, <span class=\"_ _0\"></span>mientras <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _f\"></span>el <span class=\"_ _0\"></span>recurso <span class=\"_ _f\"></span>del <span class=\"_ _0\"></span>Ayuntami<span class=\"_ _3\"></span>ento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Pontevedra <span class=\"_ _0\"></span>fue <span class=\"_ _f\"></span>ad<span class=\"_ _3\"></span>mitido <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>tr\u00e1mite <span class=\"_ _0\"></span>mediante </div><div class=\"t_1 m0_1 x7d h7_1 yb66 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">providencia de <span class=\"_ _2\"></span>fecha 26 <span class=\"_ _2\"></span>de mayo de <span class=\"_ _2\"></span>2025. <span class=\"_ _2\"></span>La compa\u00f1\u00eda y <span class=\"_ _2\"></span>sus asesores consideran que <span class=\"_ _2\"></span>existe una <span class=\"_ _2\"></span>base legal<span class=\"_ _65\"> </span> </div></div><div class=\"c w3_1 h3d gsa0\"><div class=\"t_1 m0_1 x7d h7_1 y1d2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">s\u00f3lida <span class=\"_ _3\"></span>para mantener <span class=\"_ _3\"></span>la legali<span class=\"_ _3\"></span>dad d<span class=\"_ _3\"></span>e la p<span class=\"_ _3\"></span>r\u00f3rroga de <span class=\"_ _3\"></span>la concesi\u00f3n <span class=\"_ _3\"></span>declarada <span class=\"_ _3\"></span>por el <span class=\"_ _3\"></span>Tribunal Sup<span class=\"_ _3\"></span>remo en su<span class=\"_ _3\"></span>s </div></div><div class=\"c w3_1 h3d gsa0\"><div class=\"t_1 m0_1 x7d h7_1 y331 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">sentencias de 2023.<span class=\"_ _3\"></span><span class=\"ff4 fs4\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "Provisiones, garant\u00edas<span class=\"_ _2\"></span> y pasivos contingentes<span class=\"_ _65\"> </span>31.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Provisiones  </span></span>El <span class=\"_ _2\"></span>detalle <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>movimiento <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>las cuentas <span class=\"_ _d\"></span>\u201cProvisiones<span class=\"_ _3\"></span>\u201d <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>pasivo <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>largo <span class=\"_ _d\"></span>y <span class=\"_ _2\"></span>corto <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>lazo <span class=\"_ _d\"></span>del <span class=\"_ _2\"></span>Estado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>Situaci\u00f3n Financiera consolida<span class=\"_ _3\"></span>do en los ejercicios 202<span class=\"_ _3\"></span>5 y 2024 es el s<span class=\"_ _3\"></span>iguiente: <table class=\"s w431 h1f9\" id=\"_805bb7bb-42f6-44dd-9685-1292f3faa1d9\"><tr><td class=\"c x616 y1488 w16a h9a\"><div class=\"t_1 m0_1 x10 h58 y40 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x232 y1489 w35b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al</div></td><td class=\"c x617 y1489 w35c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o</div></td><td class=\"c x618 y1489 w35d h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x619 y1488 w1e3 h9a\"><div class=\"t_1 m0_1 x86 h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div></td><td class=\"c x61a y1489 w35e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x508 y148a w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2025</div></td><td class=\"c x617 y148a w379 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaciones</div></td><td class=\"c x61b y148a w361 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x61c y148a w35f h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x616 y148b w16a h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo plazo: </div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x616 y148c w16a h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan retribuci\u00f3n a largo plazo (Nota 11.2) </div></td><td class=\"c x61d y148c wdc h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.320    </span></div></td><td class=\"c x61e y148c wca h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">589   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x61f y148c w1e2 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12)                         </div></td><td class=\"c x619 y148c w1e3 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(1.034)    </span></div></td><td class=\"c x620 y148c w1e4 h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">863   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x616 y148d w16a h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisi\u00f3n desmantelamiento </div></td><td class=\"c x61d y148d wdc h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.256    </span></div></td><td class=\"c x61e y148d wca h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">829   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x61f y148d w1e2 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x619 y148d w1e3 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                         <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x620 y148d w1e4 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">27.085    </span></div></td></tr><tr><td class=\"c x616 y148e w16a h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisi\u00f3n Plan Competitividad (Nota 11) </div></td><td class=\"c x61d y148e wdc h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x61e y148e wca h24\"><div class=\"t_1 m0_1 x11 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.999 </div></td><td class=\"c x61f y148e w1e2 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x619 y148e w1e3 h24\"><div class=\"t_1 m0_1 x1b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x620 y148e w1e4 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.999 </div></td></tr><tr><td class=\"c x616 y148f w16a h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x61d y148f wdc h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.929    </span></div></td><td class=\"c x61e y148f wca h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">199   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x61f y148f w1e2 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(265)    </span></div></td><td class=\"c x619 y148f w1e3 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                 <span class=\"ls0_1\">(475)    </span></div></td><td class=\"c x620 y148f w1e4 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.388    </span></div></td></tr><tr><td class=\"c x616 y1490 w16a h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td class=\"c x61d y1491 wdc h24\"><div class=\"t_1 m0_1 x2f h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">29.505   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x61e y1491 wca h24\"><div class=\"t_1 m0_1 x22 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">9.616</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x61f y1491 w1e2 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(277)    </span></div></td><td class=\"c x619 y1491 w1e3 h24\"><div class=\"t_1 m0_1 x31 h58 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ff2 ls0_1\">(1.509)    </span></div></td><td class=\"c x620 y1491 w1e4 h24\"><div class=\"t_1 m0_1 xcb h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">37.33<span class=\"ls0_1\">5</span></span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x616 y1492 w16a h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan retribuci\u00f3n a corto plazo (Nota 11.2) </div></td><td class=\"c x61d y1492 wdc h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x61e y1492 wca h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(130)    </div></td><td class=\"c x61f y1492 w1e2 h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x619 y1492 w1e3 h24\"><div class=\"t_1 m0_1 x50 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">1.034    </span></div></td><td class=\"c x620 y1492 w1e4 h24\"><div class=\"t_1 m0_1 x1e h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">904   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x616 y1493 w16a h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de Emisi\u00f3n (Notas 12 y 20.1) </div></td><td class=\"c x61d y1493 wdc h5c\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">12.485    </span></div></td><td class=\"c x61e y1493 wca h5c\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">13.146    </span></div></td><td class=\"c x61f y1493 w1e2 h5c\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(12.485)    </span></div></td><td class=\"c x619 y1493 w1e3 h5c\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x620 y1493 w1e4 h5c\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">13.146    </span></div></td></tr><tr><td class=\"c x616 y1494 w16a h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan Social Pontevedra y otras </div></td><td class=\"c x61d y1494 wdc h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.000    </span></div></td><td class=\"c x61e y1494 wca h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">58<span class=\"ls0_1\">3</span><span class=\"ls0_1\"><span class=\"ls25\">   </span> </span></div></td><td class=\"c x61f y1494 w1e2 h24\"><div class=\"t_1 m0_1 x2f h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(57)    </span></div></td><td class=\"c x619 y1494 w1e3 h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"lsd\">475   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x620 y1494 w1e4 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">22.001</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x616 y1495 w16a h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisi\u00f3n Plan Competitividad (Nota 11) </div></td><td class=\"c x61d y1495 wdc h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x61e y1495 wca h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.999 </div></td><td class=\"c x61f y1495 w1e2 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x619 y1495 w1e3 h24\"><div class=\"t_1 m0_1 x1b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x620 y1495 w1e4 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.999 </div></td></tr><tr><td></td><td class=\"c x61d y1496 wdc h24\"><div class=\"t_1 m0_1 x2f h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">33.485   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x61e y1496 wca h24\"><div class=\"t_1 m0_1 x3a h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">29.59<span class=\"ls0_1\">8</span></span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x61f y1496 w1e2 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">(<span class=\"lsd\">12.542</span>)    </span></div></td><td class=\"c x619 y1496 w1e3 h24\"><div class=\"t_1 m0_1 x3a h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"lsd\">1.509   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x620 y1496 w1e4 h24\"><div class=\"t_1 m0_1 xcb h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">52.050</span>   <span class=\"ls0_1\"> </span></div></td></tr></table><table class=\"s w432 h1fa\" id=\"_c19c83bf-b308-4fdb-b61e-3a74122cdd54\"><tr><td class=\"c x622 y1497 w16d h9a\"><div class=\"t_1 m0_1 x10 h58 y40 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td class=\"c x623 y1498 w35b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al</div></td><td class=\"c x624 y1498 w35c h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o</div></td><td class=\"c x625 y1498 w35d h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _65\"> </span></div></td><td class=\"c x626 y1498 w35e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x627 y1499 w35f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">01/01/2024</div></td><td class=\"c x624 y1499 w379 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dotaciones</div></td><td class=\"c x628 y1499 w361 h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones</div></td><td class=\"c x4eb y1499 w35f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x622 y149a w16d h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo plazo: </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x622 y149b w16d h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan retribuci\u00f3n a largo plazo (Nota 11.2) </div></td><td class=\"c x629 y149b w169 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">345   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62a y149b wc8 h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">975   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62b y149b w124 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x62c y149b w1e6 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.320    </span></div></td></tr><tr><td class=\"c x622 y149c w16d h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisi\u00f3n desmantelamiento </div></td><td class=\"c x629 y149c w169 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">25.425    </span></div></td><td class=\"c x62a y149c wc8 h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">831   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62b y149c w124 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x62c y149c w1e6 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">26.256    </span></div></td></tr><tr><td class=\"c x622 y149d w16d h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x629 y149d w169 h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">2.518    </span></div></td><td class=\"c x62a y149d wc8 h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">149   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62b y149d w124 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(738)    </span></div></td><td class=\"c x62c y149d w1e6 h24\"><div class=\"t_1 m0_1 x2e h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">1.929    </span></div></td></tr><tr><td class=\"c x622 y149e w16d h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></td><td class=\"c x629 y149f w169 h24\"><div class=\"t_1 m0_1 xc h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">28.288   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62a y149f wc8 h24\"><div class=\"t_1 m0_1 x22 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">1.955   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62b y149f w124 h24\"><div class=\"t_1 m0_1 xf h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(738)    </span></div></td><td class=\"c x62c y149f w1e6 h24\"><div class=\"t_1 m0_1 xcb h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">29.505   <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x622 y14a0 w16d h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan retribuci\u00f3n a corto plazo (Nota 11.2) </div></td><td class=\"c x629 y14a0 w169 h24\"><div class=\"t_1 m0_1 xb3 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">242   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62a y14a0 wc8 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x62b y14a0 w124 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">              <span class=\"ls0_1\">(242)    </span></div></td><td class=\"c x62c y14a0 w1e6 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                         <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x622 y14a1 w16d h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de Emisi\u00f3n (Notas 12 y 20.1) </div></td><td class=\"c x629 y14a1 w169 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">12.441    </span></div></td><td class=\"c x62a y14a1 wc8 h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">12.485    </span></div></td><td class=\"c x62b y14a1 w124 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">         <span class=\"ls0_1\">(12.441)    </span></div></td><td class=\"c x62c y14a1 w1e6 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">12.485    </span></div></td></tr><tr><td class=\"c x622 y14a2 w16d h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan Social Pontevedra y otras </div></td><td class=\"c x629 y14a2 w169 h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">29.500    </span></div></td><td class=\"c x62a y14a2 wc8 h24\"><div class=\"t_1 m0_1 xf h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x62b y14a2 w124 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">           <span class=\"ls0_1\">(8.500)    </span></div></td><td class=\"c x62c y14a2 w1e6 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"ls0_1\">21.000    </span></div></td></tr><tr><td></td><td class=\"c x629 y14a3 w169 h5c\"><div class=\"t_1 m0_1 xc h58 yb2b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">42.183   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62a y14a3 wc8 h5c\"><div class=\"t_1 m0_1 x3a h58 yb2b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">12.485   <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x62b y14a3 w124 h5c\"><div class=\"t_1 m0_1 xf h58 yb2b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">        <span class=\"ls0_1\">(21.183)    </span></div></td><td class=\"c x62c y14a3 w1e6 h5c\"><div class=\"t_1 m0_1 xcb h58 yb2b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">  <span class=\"lsd\">33.485   <span class=\"ls0_1\"> </span></span></div></td></tr></table>ENCE <span class=\"_ _f\"></span>sus<span class=\"_ _3\"></span>cribi\u00f3 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>2016 <span class=\"_ _0\"></span>un <span class=\"_ _f\"></span>Pacto <span class=\"_ _f\"></span>Ambienta<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>y <span class=\"_ _0\"></span>un <span class=\"_ _f\"></span>Convenio <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>Colaboraci\u00f3n <span class=\"_ _0\"></span>con <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>Conseller\u00eda <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>Medio Ambiente de <span class=\"_ _2\"></span>la Xunta <span class=\"_ _2\"></span>de G<span class=\"_ _2\"></span>alic<span class=\"_ _3\"></span>ia, por <span class=\"_ _2\"></span>la que <span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>compromet\u00eda, entre otros, <span class=\"_ _2\"></span>a me<span class=\"_ _2\"></span>jorar la <span class=\"_ _2\"></span>calidad<span class=\"_ _3\"></span> de <span class=\"_ _d\"></span>v<span class=\"_ _3\"></span>ida de <span class=\"_ _2\"></span>los gallegos, y en <span class=\"_ _3\"></span>especial de los<span class=\"_ _3\"></span> que hab<span class=\"_ _3\"></span>itan en el entorn<span class=\"_ _3\"></span>o de la R\u00eda <span class=\"_ _3\"></span>de Pontevedra, s<span class=\"_ _3\"></span>u segur<span class=\"_ _3\"></span>idad y desarro<span class=\"_ _3\"></span>llo, el <span class=\"_ _19\"> </span>medio <span class=\"_ _19\"> </span>ambient<span class=\"_ _3\"></span>e, <span class=\"_ _19\"> </span>el <span class=\"_ _19\"> </span>entorno<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>natural, <span class=\"_ _19\"> </span>s<span class=\"_ _3\"></span>ocial <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>econ\u00f3mico <span class=\"_ _19\"> </span>as\u00ed <span class=\"_ _19\"> </span>como <span class=\"_ _15\"> </span>su <span class=\"_ _19\"> </span>sos<span class=\"_ _3\"></span>tenibilidad, <span class=\"_ _19\"> </span>as<span class=\"_ _3\"></span>umiendo<span class=\"_ _65\"> </span>determinados <span class=\"_ _3\"></span>compromisos <span class=\"_ _3\"></span>de inversi\u00f3n <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>de contribu<span class=\"_ _3\"></span>ci\u00f3n<span class=\"_ _3\"></span> econ\u00f3mica a <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mejora de <span class=\"_ _3\"></span>la c<span class=\"_ _3\"></span>alidad d<span class=\"_ _3\"></span>e vid<span class=\"_ _3\"></span>a d<span class=\"_ _3\"></span>e la <span class=\"_ _f\"></span>poblaci\u00f3n <span class=\"_ _f\"></span>gallega. <span class=\"_ _f\"></span>Los <span class=\"_ _f\"></span>compromisos <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>inversi\u00f3n <span class=\"_ _f\"></span>incluyen <span class=\"_ _f\"></span>inversiones, <span class=\"_ _f\"></span>actualmente <span class=\"_ _f\"></span>ya <span class=\"_ _f\"></span>ejecutadas, <span class=\"_ _f\"></span>por 61 <span class=\"_ _16\"> </span>millones  \u20ac <span class=\"_ _16\"> </span>destin<span class=\"_ _3\"></span>adas <span class=\"_ _16\"> </span>a  la <span class=\"_ _16\"> </span>mejora <span class=\"_ _16\"> </span>medioambiental <span class=\"_ _16\"> </span>y <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>creaci\u00f3n <span class=\"_ _16\"> </span>de <span class=\"_ _16\"> </span>empleo <span class=\"_ _16\"> </span>en  la <span class=\"_ _16\"> </span>biof\u00e1b<span class=\"_ _3\"></span>rica <span class=\"_ _16\"> </span>de Pontevedra, <span class=\"_ _13\"> </span>as\u00ed <span class=\"_ _10\"> </span>como <span class=\"_ _13\"> </span>inversiones, <span class=\"_ _10\"> </span>act<span class=\"_ _3\"></span>ualmente <span class=\"_ _10\"> </span>en <span class=\"_ _13\"> </span>estu<span class=\"_ _3\"></span>dio, <span class=\"_ _13\"> </span>vinculadas <span class=\"_ _13\"> </span>a<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>la <span class=\"_ _13\"> </span>generaci\u00f3n <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>energ\u00eda <span class=\"_ _13\"> </span>con biomasa. Las <span class=\"_ _f\"></span>contribu<span class=\"_ _3\"></span>ciones <span class=\"_ _f\"></span>incluyen <span class=\"_ _f\"></span>aportaciones <span class=\"_ _0\"></span>econ\u00f3micas <span class=\"_ _f\"></span>orientadas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>mejora <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>calidad <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>vida <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>los gallegos <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>21 millones <span class=\"_ _f\"></span>\u20ac, as\u00ed <span class=\"_ _f\"></span>como la <span class=\"_ _f\"></span>puesta <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>marcha <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>programa <span class=\"_ _3\"></span>marco <span class=\"_ _f\"></span>para h<span class=\"_ _3\"></span>acer par<span class=\"_ _3\"></span>t\u00edcipe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>la poblaci\u00f3n del <span class=\"_ _d\"></span>entorn<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>R\u00eda <span class=\"_ _2\"></span>Gallega <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>beneficios de <span class=\"_ _2\"></span>su pol\u00edtica <span class=\"_ _d\"></span>de responsabilidad <span class=\"_ _2\"></span>social <span class=\"_ _2\"></span>corporativa de ENCE <span class=\"_ _2\"></span>con una <span class=\"_ _2\"></span>dotaci\u00f3n an<span class=\"_ _2\"></span>ual de <span class=\"_ _2\"></span>hasta 3 <span class=\"_ _2\"></span>millones \u20ac, <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>estar\u00e1 vigente <span class=\"_ _2\"></span>durante el <span class=\"_ _2\"></span>periodo concesional. <span class=\"_ _3\"></span><span class=\"ff3\"> </span>Provisi\u00f3n por desmantelam<span class=\"_ _3\"></span>iento<span class=\"_ _3\"></span>- El valor presente d<span class=\"_ _3\"></span>e las obliga<span class=\"_ _3\"></span>ciones asu<span class=\"_ _3\"></span>midas derivadas<span class=\"_ _3\"></span> del desmantelamiento d<span class=\"_ _3\"></span>e la pla<span class=\"_ _3\"></span>nta de prod<span class=\"_ _3\"></span>ucci\u00f3n de celulosa ubicad<span class=\"_ _3\"></span>a en Pontevedra<span class=\"_ _3\"></span>, considerando q<span class=\"_ _3\"></span>ue esta labor se iniciar\u00eda en 20<span class=\"_ _3\"></span>73, se h<span class=\"_ _3\"></span>a estimado en un importe de 27.085 <span class=\"ff6\">m<span class=\"_ _3\"></span>iles \u20ac (2</span>6.256 <span class=\"ff6\">miles \u20ac <span class=\"_ _3\"></span>al 31 de diciembre d<span class=\"_ _3\"></span>e 202</span>4). <span class=\"_ _3\"></span> En la cuan<span class=\"_ _3\"></span>tificaci\u00f3n de dicha obligaci\u00f3n se h<span class=\"_ _3\"></span>a considerado <span class=\"_ _3\"></span><span class=\"ls1a\">un<span class=\"_ _3\"></span></span> coste para llevar a<span class=\"_ _3\"></span> cabo el desmantelamiento de <span class=\"_ _0\"></span>43 <span class=\"_ _0\"></span>millones <span class=\"_ _10\"></span>\u20ac, <span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>nas <span class=\"_ _0\"></span>tasas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>actualizaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _f\"></span>entorno<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>2%<span class=\"_ _3\"></span><span class=\"ff3\">-3% <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>unas <span class=\"_ _10\"></span>tasas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>descuento <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el </span>entorno del 7%-8%.<span class=\"_ _3\"></span> Provisi\u00f3n Plan <span class=\"ls41\">de </span>Competit<span class=\"_ _3\"></span>ividad- Durante <span class=\"_ _15\"> </span>el <span class=\"_ _17\"> </span>ejercicio <span class=\"_ _15\"> </span>t<span class=\"_ _3\"></span>erminado <span class=\"_ _17\"> </span>el <span class=\"_ _15\"> </span>31 <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>diciembr<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>de <span class=\"_ _17\"> </span>2025 <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>Grupo <span class=\"_ _17\"> </span>ha <span class=\"_ _15\"> </span>iniciad<span class=\"_ _3\"></span>o <span class=\"_ _15\"> </span>u<span class=\"_ _3\"></span>n <span class=\"_ _15\"> </span>proces<span class=\"_ _3\"></span>o <span class=\"_ _15\"> </span>de reestructuraci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>plantilla <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>objetiv<span class=\"_ _3\"></span>o <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _d\"></span>adecuar su <span class=\"_ _d\"></span>estructura organizativa <span class=\"_ _d\"></span>a la <span class=\"_ _d\"></span>evoluci\u00f3n <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _d\"></span>negocio y <span class=\"_ _13\"> </span>me<span class=\"_ _2\"></span>jorar <span class=\"_ _13\"> </span>la <span class=\"_ _10\"> </span>eficiencia <span class=\"_ _13\"> </span>operativa.  El <span class=\"_ _10\"> </span>proceso <span class=\"_ _13\"> </span>afecta <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>las <span class=\"_ _10\"> </span>biof\u00e1bricas <span class=\"_ _13\"> </span>de <span class=\"_ _10\"> </span>Pon<span class=\"_ _3\"></span>tevedra <span class=\"_ _10\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>Nav<span class=\"_ _3\"></span>ia <span class=\"_ _13\"> </span>y <span class=\"_ _10\"> </span>oficinas centrales de <span class=\"_ _3\"></span>Madrid. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>importe <span class=\"_ _3\"></span>total d<span class=\"_ _3\"></span>e los <span class=\"_ _3\"></span>costes <span class=\"_ _3\"></span>estimados <span class=\"_ _3\"></span>reconocido <span class=\"_ _3\"></span>en 2025 <span class=\"_ _3\"></span>asciende <span class=\"_ _3\"></span>a 23.9<span class=\"_ _3\"></span>98 miles<span class=\"_ _3\"></span> \u20ac<span class=\"ff3\">. <span class=\"_ _f\"></span>Dicho <span class=\"_ _0\"></span>plan <span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>sido <span class=\"_ _0\"></span>forma<span class=\"_ _3\"></span>lmente <span class=\"_ _0\"></span>comunicado <span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>representa<span class=\"_ _3\"></span>ntes <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _f\"></span>tra<span class=\"_ _3\"></span>bajadores <span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>contempla <span class=\"_ _0\"></span>la </span>salida de hasta 154 trabajadores estableciendo un periodo de e<span class=\"_ _2\"></span>jecuci\u00f3n entre el 1 de <span class=\"_ _2\"></span>enero de 2026 y <span class=\"_ _2\"></span>el 31 de <span class=\"_ _2\"></span>diciembre <span class=\"_ _2\"></span>de 2027. <span class=\"_ _2\"></span>La <span class=\"_ _2\"></span>provisi\u00f3n estimada <span class=\"_ _2\"></span>incluye <span class=\"_ _2\"></span>indemnizacion<span class=\"_ _3\"></span>es <span class=\"_ _2\"></span>por <span class=\"_ _2\"></span>despido y <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>lanes <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>prejubilaci\u00f3n<span class=\"_ _3\"></span> as\u00ed como los cos<span class=\"_ _3\"></span>tes asociados al proceso d<span class=\"_ _3\"></span>e reestructuraci\u00f3n<span class=\"_ _3\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "Provisiones, garant\u00edas<span class=\"_ _2\"></span> y pasivos contingentes<span class=\"_ _65\"> </span><div class=\"c w3_1 h3d gs9b\"><div class=\"t_1 m0_1 x6d hd y27d ff2 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">31.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Garant\u00edas comprometidas <span class=\"_ _2\"></span>con terceros  </span></span></div><div class=\"t_1 m0_1 x21 h7_1 y56a ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"_ _f\"></span>31 <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>diciembre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>2025 <span class=\"_ _f\"></span>div<span class=\"_ _3\"></span>ersas <span class=\"_ _f\"></span>entidades <span class=\"_ _f\"></span>financieras <span class=\"_ _f\"></span>han <span class=\"_ _f\"></span>otorgado <span class=\"_ _f\"></span>avales <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>distintas <span class=\"_ _f\"></span>sociedades </div><div class=\"t_1 m0_1 x21 h7_1 y6ad ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">del Grupo, de acuerdo co<span class=\"_ _3\"></span>n el siguiente detalle (<span class=\"_ _3\"></span>88.229 <span class=\"ff6\">mil<span class=\"_ _3\"></span>es \u20ac al 31 de d<span class=\"_ _3\"></span>iciembre de 202<span class=\"_ _3\"></span></span>4): </div></div><div class=\"gs9c\"><table class=\"s w433 h1fb\" id=\"_ac58f228-5ff0-4851-abb2-fb731f101c68\"><tr><td></td><td class=\"c x62e y14a4 w89 hd8\"><div class=\"t_1 m0_1 xf h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de </div></td></tr><tr><td></td><td class=\"c x62e y14a5 w89 ha4\"><div class=\"t_1 m0_1 xe h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Euros </div></td></tr><tr><td class=\"c x1ca y14a6 w434 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tramitaci\u00f3n administrativa de plantas generaci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x62e y14a7 w89 h9a\"><div class=\"t_1 m0_1 x2b h20 y40 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">19.523 </div></td></tr><tr><td class=\"c x1ca y14a8 w435 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda el\u00e9ctrica renovable<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x62f y14a9 w1e8 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acceso a red-Preasignaciones </div></td><td class=\"c x62e y14a9 w89 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">18.953 </div></td></tr><tr><td class=\"c x62f y14aa w1e8 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edneas de descuento de facturas  </div></td><td class=\"c x62e y14aa w89 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">10<span class=\"ls0_1\">.000</span><span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x62f y14ab w1e8 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pagos a proveedores </div></td><td class=\"c x62e y14ab w89 h5c\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">9.083 </div></td></tr><tr><td class=\"c x62f y14ac w1e8 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Prestamos Subvencionados (Nota 28) </div></td><td class=\"c x62e y14ac w89 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.663 </div></td></tr><tr><td class=\"c x62f y14ad w1e8 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ejecuci\u00f3n de proyectos forestales </div></td><td class=\"c x62e y14ad w89 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.327 </div></td></tr><tr><td class=\"c x62f y14ae w1e8 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mercado el\u00e9ctrico </div></td><td class=\"c x62e y14ae w89 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.900 </div></td></tr><tr><td class=\"c x62f y14af w1e8 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Concesi\u00f3n de Pontevedra </div></td><td class=\"c x62e y14af w89 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.050 </div></td></tr><tr><td class=\"c x62f y14b0 w1e8 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Medio ambiente </div></td><td class=\"c x62e y14b0 w89 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.668 </div></td></tr><tr><td class=\"c x62f y14b1 w1e8 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></td><td class=\"c x62e y14b1 w89 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.8<span class=\"lsd\">48</span> </div></td></tr><tr><td></td><td class=\"c x62e y14b2 w89 hd8\"><div class=\"t_1 m0_1 x2b h58 y579 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">88.015<span class=\"ls0_1\"> </span></div></td></tr></table></div>Los <span class=\"_ _2\"></span>Administradores <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>esperan <span class=\"_ _d\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _d\"></span>de los <span class=\"_ _d\"></span>importes avalados <span class=\"_ _d\"></span>o de <span class=\"_ _d\"></span>las <span class=\"_ _2\"></span>garant\u00edas <span class=\"_ _2\"></span>prestadas <span class=\"_ _2\"></span>se <span class=\"_ _d\"></span>deriven pasivos significativos par<span class=\"_ _3\"></span>a el Grupo, adicionales a los<span class=\"_ _3\"></span> recogidos en estas cu<span class=\"_ _3\"></span>entas anuales consolidadas<span class=\"_ _f\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "32.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Situaci\u00f3n fiscal </span></span>Los saldos <span class=\"_ _d\"></span>deud<span class=\"_ _3\"></span>ores <span class=\"_ _d\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>acreedores <span class=\"_ _2\"></span>mantenidos con <span class=\"_ _d\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>dis<span class=\"_ _3\"></span>tintas <span class=\"_ _2\"></span>Administraciones P\u00fablicas <span class=\"_ _2\"></span>al <span class=\"_ _d\"></span>31 de <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>iciembre de 2025 y 2024 son lo<span class=\"_ _3\"></span>s siguientes<span class=\"_ _3\"></span>: <table class=\"s w436 h1fc\" id=\"_2ceaa0d0-ad83-4061-9121-70f68b1d657c\"><tr><td></td><td></td><td class=\"c x630 y14b3 w1ea h107\"><div class=\"t_1 m0_1 x1e h20 y5b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x631 y14b3 w1ec h107\"><div class=\"t_1 m0_1 x18 h20 y5b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x622 y14b4 w1e9 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x630 y14b4 w15e h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activo </div></td><td class=\"c x632 y14b4 wb4 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo </div></td><td class=\"c x631 y14b4 w12c h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activo </div></td><td class=\"c x633 y14b4 w1ed h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo </div></td></tr><tr><td class=\"c x1ca y14b6 w437 h1fd\"><div class=\"t_1 m0_1 x1c9 h58 y14b5 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Partidas no corrientes-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activo por impuestos diferidos</div></td><td class=\"c x630 y14b7 w15e hca\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">112.201  </span></div></td><td class=\"c x632 y14b7 wb4 hca\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14b7 w12c hca\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">93.840  </span></div></td><td class=\"c x633 y14b7 w1ed hca\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x622 y14b8 w1e9 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo por impuestos diferidos </div></td><td class=\"c x630 y14b8 w15e h57\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(33.026) </span></div></td><td class=\"c x632 y14b8 wb4 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14b8 w12c h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(31.853) </span></div></td><td class=\"c x633 y14b8 w1ed h57\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x622 y14b9 w1e9 h57\"><div class=\"t_1 m0_1 x63 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x630 y14b9 w15e h57\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">79.<span class=\"lsd\">175</span>  </div></td><td class=\"c x632 y14b9 wb4 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14b9 w12c h57\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">61.987 <span class=\"ls0_1\"> </span></div></td><td class=\"c x633 y14b9 w1ed h57\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y14bb w438 h1fe\"><div class=\"t_1 m0_1 x1c9 h58 y14ba ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Partidas corrientes-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hacienda P\u00fablica por IVA</div></td><td class=\"c x630 y14bc w15e h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">8.823  </span></div></td><td class=\"c x632 y14bc wb4 h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">3.851  </span></div></td><td class=\"c x631 y14bc w12c h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">18.134  </span></div></td><td class=\"c x633 y14bc w1ed h25\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">5.506  </span></div></td></tr><tr><td class=\"c x622 y14bd w1e9 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto de Sociedades del ejercicio corriente </div></td><td class=\"c x630 y14bd w15e h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">3.502  </span></div></td><td class=\"c x632 y14bd wb4 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"lsd\">53 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x631 y14bd w12c h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">6.569  </span></div></td><td class=\"c x633 y14bd w1ed h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"lsd\">26 <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x622 y14be w1e9 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto a la generaci\u00f3n de electricidad </div></td><td class=\"c x630 y14be w15e h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x632 y14be wb4 h25\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14be w12c h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x633 y14be w1ed h25\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.224  </span></div></td></tr><tr><td class=\"c x622 y14bf w1e9 hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hacienda P\u00fablica por diversos conceptos </div></td><td class=\"c x630 y14bf w15e hd8\"><div class=\"t_1 m0_1 x2a h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">5.111  </span></div></td><td class=\"c x632 y14bf wb4 hd8\"><div class=\"t_1 m0_1 x50 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">8.483  </span></div></td><td class=\"c x631 y14bf w12c hd8\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">421 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x633 y14bf w1ed hd8\"><div class=\"t_1 m0_1 x56 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.835  </span></div></td></tr><tr><td class=\"c x622 y14c0 w1e9 h57\"><div class=\"t_1 m0_1 x63 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x630 y14c0 w15e h57\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">17.436 <span class=\"ls0_1\"> </span></div></td><td class=\"c x632 y14c0 wb4 h57\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.387 <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14c0 w12c h57\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">25.124 <span class=\"ls0_1\"> </span></div></td><td class=\"c x633 y14c0 w1ed h57\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.591 <span class=\"ls0_1\"> </span></div></td></tr></table>32.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Aplicaci\u00f3n de reg\u00edmenes y <span class=\"_ _2\"></span>grupos fiscales </span></span>Sociedades del Grupo con<span class=\"_ _3\"></span> residencia fiscal en E<span class=\"_ _3\"></span>spa\u00f1a<span class=\"_ _3\"></span>- ENCE tributa<span class=\"_ _3\"></span> en el Impuesto de Sociedades a trav<span class=\"_ _3\"></span>\u00e9s de dos Grupos d<span class=\"_ _3\"></span>e consolidaci\u00f3n fis<span class=\"_ _3\"></span>cal: <span class=\"_ _3\"></span> \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">ENCE <span class=\"_ _3\"></span>Energ\u00eda <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Celulosa, <span class=\"_ _3\"></span>S.A. tribu<span class=\"_ _3\"></span>ta <span class=\"_ _3\"></span>desde <span class=\"_ _3\"></span>2002 en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>R\u00e9gimen d<span class=\"_ _3\"></span>e Cons<span class=\"_ _3\"></span>olidaci\u00f3n <span class=\"_ _3\"></span>Fiscal <span class=\"_ _3\"></span>del Impu<span class=\"_ _3\"></span>esto </span></span>sobre <span class=\"_ _0\"></span>Sociedades <span class=\"_ _10\"></span>previsto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtulo <span class=\"_ _0\"></span>VI <span class=\"_ _10\"></span>del <span class=\"_ _f\"></span>T\u00edtulo <span class=\"_ _10\"></span>VII <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Ley <span class=\"_ _f\"></span>del <span class=\"_ _10\"></span>Impuesto <span class=\"_ _f\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _0\"></span>Sociedades (Grupo <span class=\"_ _3\"></span>n\u00ba <span class=\"_ _3\"></span>149/02<span class=\"_ _3\"></span>), <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>to<span class=\"_ _3\"></span>das <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _3\"></span>espa\u00f1olas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>det<span class=\"_ _3\"></span>alladas <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el Anexo <span class=\"_ _f\"></span>I <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>tiene <span class=\"_ _f\"></span>una participaci\u00f3n su<span class=\"_ _3\"></span>perior al 75%.   \u2022<span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff3\">Magnon <span class=\"_ _f\"></span>Green <span class=\"_ _f\"></span>Energy,<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>S.L. <span class=\"_ _f\"></span>tributa<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>desde <span class=\"_ _f\"></span>2021 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>R\u00e9<span class=\"_ _3\"></span>gimen <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>Conso<span class=\"_ _3\"></span>lidaci\u00f3n <span class=\"_ _f\"></span>Fiscal <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>Impuesto </span></span>sobre <span class=\"_ _0\"></span>Sociedades <span class=\"_ _10\"></span>previsto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtulo <span class=\"_ _0\"></span>VI <span class=\"_ _10\"></span>del <span class=\"_ _f\"></span>T\u00edtulo <span class=\"_ _10\"></span>VII <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Ley <span class=\"_ _f\"></span>del <span class=\"_ _10\"></span>Impuesto <span class=\"_ _f\"></span>sob<span class=\"_ _3\"></span>re <span class=\"_ _0\"></span>Sociedades (Grupo <span class=\"_ _3\"></span>n\u00ba <span class=\"_ _3\"></span>410/21<span class=\"_ _3\"></span>), <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>to<span class=\"_ _3\"></span>das <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _3\"></span>espa\u00f1olas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>detalla<span class=\"_ _3\"></span>das <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el Anexo <span class=\"_ _f\"></span>I <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>tiene <span class=\"_ _f\"></span>una participaci\u00f3n su<span class=\"_ _3\"></span>perior al 75%. El resto de las<span class=\"_ _3\"></span> sociedades del Grupo tributa<span class=\"_ _3\"></span>n en r\u00e9gimen individ<span class=\"_ _3\"></span>ual. <span class=\"_ _3\"></span> La tasa impositiva nominal del <span class=\"_ _2\"></span>Impuesto sobre Sociedades en Espa\u00f1a es <span class=\"_ _2\"></span>del 25%. Las tasas<span class=\"_ _2\"></span> impositivas en el impuesto <span class=\"_ _1a\"> </span>equivalente <span class=\"_ _17\"> </span>al <span class=\"_ _1a\"> </span>Impuesto<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>sobre <span class=\"_ _1a\"> </span>Sociedades <span class=\"_ _1a\"> </span>en <span class=\"_ _17\"> </span>Portu<span class=\"_ _3\"></span>gal <span class=\"_ _17\"> </span>y <span class=\"_ _1a\"> </span>Uruguay <span class=\"_ _17\"> </span>son <span class=\"_ _17\"> </span>d<span class=\"_ _3\"></span>el <span class=\"_ _17\"> </span>21% <span class=\"_ _17\"> </span>y<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>25%, respectivamente. De acuerdo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>el r\u00e9gi<span class=\"_ _3\"></span>men de<span class=\"_ _3\"></span> cons<span class=\"_ _3\"></span>olidaci\u00f3n fiscal,<span class=\"_ _3\"></span> la <span class=\"_ _3\"></span>base i<span class=\"_ _3\"></span>mponible del<span class=\"_ _3\"></span> Impuesto <span class=\"_ _3\"></span>sobre <span class=\"_ _3\"></span>Sociedades <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>se determina <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>artir <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>resu<span class=\"_ _3\"></span>ltado <span class=\"_ _f\"></span>contable <span class=\"_ _f\"></span>consolidado, <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ino <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>partir <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>agregado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>bases <span class=\"_ _f\"></span>imponibles individuales <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>sociedad<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>integra<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>determinadas<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>respectivo <span class=\"_ _0\"></span>r\u00e9gimen <span class=\"_ _10\"></span>individual <span class=\"_ _10\"></span>de<span class=\"_ _2\"></span> tributaci\u00f3n, <span class=\"_ _23\"> </span>a <span class=\"_ _23\"> </span>la <span class=\"_ _23\"> </span>cual <span class=\"_ _23\"> </span>se <span class=\"_ _23\"> </span>le <span class=\"_ _23\"> </span>aplicar\u00e1n, <span class=\"_ _e\"> </span>con <span class=\"_ _23\"> </span>posterioridad, <span class=\"_ _23\"> </span>las <span class=\"_ _23\"> </span>correspond<span class=\"_ _3\"></span>ientes <span class=\"_ _23\"> </span>eliminaciones <span class=\"_ _23\"> </span>e incorporaciones ap<span class=\"_ _3\"></span>licables de acuerdo con<span class=\"_ _3\"></span> la normativa de con<span class=\"_ _3\"></span>solidaci\u00f3n fiscal.<span class=\"_ _3\"></span> 105<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff2 fs3 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _3\"></span>S.A. y sociedades depe<span class=\"_ _3\"></span>ndientes - Cu<span class=\"_ _3\"></span>entas anuales c<span class=\"_ _3\"></span>onsolidadas del ejercicio <span class=\"_ _3\"></span>2025 La <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>7/2024, <span class=\"_ _f\"></span>de <span class=\"_ _0\"></span>20 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre, <span class=\"_ _f\"></span>tra<span class=\"_ _3\"></span>spone <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ordenamiento <span class=\"_ _0\"></span>espa\u00f1ol <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Directiva <span class=\"_ _0\"></span>\u201cPilar <span class=\"_ _0\"></span>Dos\u201d <span class=\"_ _0\"></span>que <span class=\"_ _f\"></span>tiene como objetivo <span class=\"_ _2\"></span>el asegurar <span class=\"_ _d\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>los grandes <span class=\"_ _2\"></span>grupos e<span class=\"_ _2\"></span>mpresariales alcancen <span class=\"_ _2\"></span>un gravamen <span class=\"_ _2\"></span>efectivo <span class=\"_ _2\"></span>m\u00ednimo del 15 <span class=\"_ _10\"></span>% <span class=\"_ _0\"></span>en <span class=\"_ _10\"> </span>cada <span class=\"_ _10\"> </span>una <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>ju<span class=\"_ _3\"></span>risdicciones <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>que <span class=\"_ _10\"> </span>operen,<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>reintroduce <span class=\"_ _0\"></span> <span class=\"_ _10\"> </span>con <span class=\"_ _10\"></span>efectos <span class=\"_ _10\"></span>desde <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>1<span class=\"_ _3\"></span>/1/2024 diversas <span class=\"_ _f\"></span>medidas <span class=\"_ _f\"></span>recogidas <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>RD-L <span class=\"_ _f\"></span>3/2016 <span class=\"_ _f\"></span>y <span class=\"_ _f\"></span>declaradas <span class=\"_ _f\"></span>inconstitu<span class=\"_ _3\"></span>cionales <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>principios <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>2024, <span class=\"_ _3\"></span>entr<span class=\"_ _3\"></span>e ellas <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>limitaciones <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>compensaci\u00f3n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>bases <span class=\"_ _f\"></span>imponibles <span class=\"_ _3\"></span>negativas <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>dedu<span class=\"_ _3\"></span>cciones <span class=\"_ _3\"></span>para <span class=\"_ _f\"></span>evitar <span class=\"_ _3\"></span>la<span class=\"_ _f\"></span> <span class=\"_ _f\"></span>doble imposici\u00f3n, <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>extiende <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>2024 <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span><span class=\"ls10\">2025</span> <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>l\u00edmite <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span>50% <span class=\"_ _3\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _3\"></span>apro<span class=\"_ _3\"></span>vechamiento <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>p\u00e9rdidas<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>por <span class=\"_ _f\"></span>los <span class=\"_ _3\"></span>grup<span class=\"_ _3\"></span>os fiscales <span class=\"_ _3\"></span>(regulada <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>disposici\u00f3n <span class=\"_ _3\"></span>adicion<span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>19\u00aa d<span class=\"_ _3\"></span>e la <span class=\"_ _3\"></span>Ley <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>IS), d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>se  <span class=\"_ _f\"></span>limita el <span class=\"_ _3\"></span>import<span class=\"_ _3\"></span>e d<span class=\"_ _3\"></span>e las<span class=\"_ _3\"></span> bases <span class=\"_ _0\"></span>impon<span class=\"_ _3\"></span>ibles <span class=\"_ _0\"></span>negativas <span class=\"_ _10\"></span>individuales <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cad<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>entidades <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>int<span class=\"_ _f\"></span>egran <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>grupo <span class=\"_ _0\"></span>fiscal <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el Impuesto sobre Sociedades en un <span class=\"_ _2\"></span>50% (dicha limitaci\u00f3n se <span class=\"_ _d\"></span>recup<span class=\"_ _3\"></span>erar\u00e1 en la <span class=\"_ _2\"></span>base imponible del grupo f<span class=\"_ _2\"></span>iscal, v\u00eda ajuste n<span class=\"_ _3\"></span>egativo por d\u00e9cimas par<span class=\"_ _3\"></span>tes en cada uno de los<span class=\"_ _3\"></span> siguientes diez peri<span class=\"_ _3\"></span>odos impositiv<span class=\"_ _3\"></span>os). 32.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Conciliaci\u00f3n entre el resu<span class=\"_ _2\"></span>ltado conta<span class=\"_ _2\"></span>ble y la base impo<span class=\"_ _2\"></span>nible del </span></span>Impuesto sob<span class=\"_ _2\"></span>re Sociedades La <span class=\"_ _3\"></span>conciliaci\u00f3n <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>resultado <span class=\"_ _3\"></span>contable <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>la bas<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>imponible del <span class=\"_ _3\"></span>Impuesto <span class=\"_ _3\"></span>sob<span class=\"_ _3\"></span>re Beneficios <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre de 2025 y 2024 es co<span class=\"_ _3\"></span>mo sigue: <table class=\"s w439 h1ff\" id=\"_4ef1212c-b86f-4698-b495-27e86163f66c\"><tr><td></td><td></td><td class=\"c x635 y14c1 w1cc h24\"><div class=\"t_1 m0_1 x3a h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td></tr><tr><td></td><td class=\"c x635 y14c2 wb7 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x636 y14c2 we8 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x637 y14c3 w5_1 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado antes de impuestos (*) </div></td><td class=\"c x635 y14c3 wb7 h24\"><div class=\"t_1 m0_1 x86 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (81.918) </div></td><td class=\"c x636 y14c3 we8 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">32.350 </div></td></tr><tr><td class=\"c x1ca y14c4 w43a h1d8\"><div class=\"t_1 m0_1 x1c9 h20 y13aa ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Diferencias permanentes-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con origen en resultados</div></td><td class=\"c x635 y14c5 wb7 h24\"><div class=\"t_1 m0_1 x3a h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.511  </div></td><td class=\"c x636 y14c5 we8 h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.792) </div></td></tr><tr><td class=\"c x637 y14c6 w5_1 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con origen en patrimonio </div></td><td class=\"c x635 y14c6 wb7 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16) </div></td><td class=\"c x636 y14c6 we8 h24\"><div class=\"t_1 m0_1 xcb h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(20) </div></td></tr><tr><td class=\"c x1ca y14c7 w43b h1d8\"><div class=\"t_1 m0_1 x1c9 h20 y13aa ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Diferencias temporales-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x445 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con origen en el ejercicio</div></td><td class=\"c x635 y14c8 wb7 h24\"><div class=\"t_1 m0_1 xc h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 43.679  </div></td><td class=\"c x636 y14c8 we8 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">10.238 </div></td></tr><tr><td class=\"c x637 y14c9 w5_1 h5c\"><div class=\"t_1 m0_1 x1f h20 ybb ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con origen en ejercicio anteriores </div></td><td class=\"c x635 y14c9 wb7 h5c\"><div class=\"t_1 m0_1 x86 h20 yb83 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (15.673) </div></td><td class=\"c x636 y14c9 we8 h5c\"><div class=\"t_1 m0_1 x2b h20 ybb ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(20.833) </div></td></tr><tr><td class=\"c x637 y14ca w5_1 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n </div></td><td class=\"c x635 y14ca wb7 h24\"><div class=\"t_1 m0_1 x2f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (4.053) </div></td><td class=\"c x636 y14ca we8 h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.041 </div></td></tr><tr><td class=\"c x637 y14cb w5_1 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Limitaci\u00f3n a la compensaci\u00f3n del 50% de bases imponibles negativas </div></td><td class=\"c x635 y14cb wb7 h24\"><div class=\"t_1 m0_1 xc h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 25.069  </div></td><td class=\"c x636 y14cb we8 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">15.715 </div></td></tr><tr><td class=\"c x637 y14cc w5_1 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compensaci\u00f3n de bases imponibles negativas </div></td><td class=\"c x635 y14cc wb7 h24\"><div class=\"t_1 m0_1 x2f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.555) </div></td><td class=\"c x636 y14cc we8 h24\"><div class=\"t_1 m0_1 x2b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.829) </div></td></tr><tr><td class=\"c x637 y14cd w5_1 h24\"><div class=\"t_1 m0_1 x151 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Base Imponible </div></td><td class=\"c x635 y14cd wb7 h24\"><div class=\"t_1 m0_1 x86 h58 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ff2\">(32.956) </span></div></td><td class=\"c x636 y14cd we8 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">21.870<span class=\"ls0_1\"> </span></div></td></tr></table>  <span class=\"ls0_1\">(*) El resultado an<span class=\"_ _3\"></span>tes de impuestos p<span class=\"_ _3\"></span>rocede \u00edntegramente de operaciones<span class=\"_ _3\"></span> continuadas<span class=\"_ _65\"> </span></span>La partida <span class=\"_ _2\"></span>\u201cDiferencias <span class=\"_ _2\"></span>permanentes\u201d<span class=\"_ _3\"></span> compre<span class=\"_ _2\"></span>nde los gastos<span class=\"_ _2\"></span> e <span class=\"_ _d\"></span>in<span class=\"_ _3\"></span>gresos contables <span class=\"_ _2\"></span>que <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>son computables de acuerdo <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>egislaci\u00f3n <span class=\"_ _f\"></span>fiscal <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>licable. <span class=\"_ _f\"></span>Adicionalm<span class=\"_ _3\"></span>ente, <span class=\"_ _f\"></span>tambi\u00e9n <span class=\"_ _f\"></span>incorpora<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>aquellos <span class=\"_ _0\"></span>resultados<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>son objeto de <span class=\"_ _2\"></span>eliminaci\u00f3n en e<span class=\"_ _2\"></span>l proceso de <span class=\"_ _2\"></span>conso<span class=\"_ _3\"></span>lidaci\u00f3n pero <span class=\"_ _2\"></span>que, sin embargo, <span class=\"_ _2\"></span>tienen plena eficacia <span class=\"_ _2\"></span>fiscal en <span class=\"_ _2\"></span>el \u00e1mbito de las liqu<span class=\"_ _3\"></span>idaciones fiscales ind<span class=\"_ _3\"></span>ividuales de las co<span class=\"_ _3\"></span>rrespondientes entid<span class=\"_ _3\"></span>ades del Grupo.<span class=\"_ _f\"></span> Por <span class=\"_ _f\"></span>su <span class=\"_ _f\"></span>parte, <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>difere<span class=\"_ _2\"></span>ncias<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>temporales <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>origen <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>ejercicio <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>corresponden, <span class=\"_ _f\"></span>principalmente, <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>la dotaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>provisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>reestructuraci\u00f3n <span class=\"_ _0\"></span>(Nota<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>31.1) <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>deterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>proyectos <span class=\"_ _0\"></span>fotovoltaicos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no tienen <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>iabilidad, <span class=\"_ _f\"></span>asimismo, <span class=\"_ _3\"></span>las <span class=\"_ _f\"></span>diferencias <span class=\"_ _3\"></span>temporales <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>origen <span class=\"_ _f\"></span>en <span class=\"_ _3\"></span>ejercicios<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>anteriores<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>corresponden con <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>reversi\u00f3n <span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>bien <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>ap<span class=\"_ _3\"></span>licaci\u00f3n <span class=\"_ _f\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _f\"></span>finalidad <span class=\"_ _0\"></span>de <span class=\"_ _f\"></span>provisiones <span class=\"_ _f\"></span>y<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>deterioros <span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>gistrados <span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>ejercicios anteriores. 32.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Conciliaci\u00f3n entre el resu<span class=\"_ _2\"></span>ltado conta<span class=\"_ _2\"></span>ble y el gasto por Impu<span class=\"_ _2\"></span>esto </span></span>sobre Sociedad<span class=\"_ _2\"></span>es La conciliaci\u00f3n del resu<span class=\"_ _3\"></span>ltado contable y la<span class=\"_ _3\"></span> base imponible del Impuesto s<span class=\"_ _3\"></span>obre Sociedades<span class=\"_ _3\"></span> a 31 de diciembre de 2025 y<span class=\"_ _3\"></span> 2024 es como s<span class=\"_ _3\"></span>igue<span class=\"ff2\">:</span><table class=\"s w43c h200\" id=\"_586a4aec-a823-4578-99f6-e673b0098984\"><tr><td></td><td class=\"c x639 y14ce w191 h24\"><div class=\"t_1 m0_1 xc h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td></tr><tr><td></td><td class=\"c x639 y14cf wb7 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x63a y14cf w5c h24\"><div class=\"t_1 m0_1 xe h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x63b y14d0 w1ef h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado antes de impuestos (*) </div></td><td class=\"c x639 y14d0 wb7 h24\"><div class=\"t_1 m0_1 x86 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (81.918) </div></td><td class=\"c x63a y14d0 w5c h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">32.350 </div></td></tr><tr><td class=\"c x1ca y14d1 w43d h1d6\"><div class=\"t_1 m0_1 x1c9 h20 y138e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Diferencias permanentes-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x38e h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con origen en resultados</div></td><td class=\"c x639 y14d2 wb7 h24\"><div class=\"t_1 m0_1 x3a h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.511  </div></td><td class=\"c x63a y14d2 w5c h24\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(3.792) </div></td></tr><tr><td class=\"c x1ca y14d3 w43e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bases imponibles negativas y diferencias temporales de ejercicios<span class=\"_ _65\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1ca y14d4 w43f h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">anteriores no reconocidas como activo<span class=\"_ _65\"> </span></div></td><td class=\"c x639 y14d5 wb7 h9a\"><div class=\"t_1 m0_1 x1f h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">28.283 </div></td><td class=\"c x63a y14d5 w5c h9a\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">30.640 </div></td></tr><tr><td class=\"c x63b y14d6 w1ef h24\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminaci\u00f3n del resultado de las entidades no residen<span class=\"_ _2\"></span>tes en Espa\u00f1a<span class=\"_ _3\"></span> </div></td><td class=\"c x639 y14d6 wb7 h24\"><div class=\"t_1 m0_1 x13 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (288) </div></td><td class=\"c x63a y14d6 w5c h24\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">328<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x63b y14d7 w1ef h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Eliminaciones / incorporaciones de consolidaci\u00f3n </div></td><td class=\"c x639 y14d7 wb7 h24\"><div class=\"t_1 m0_1 x86 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (18.689) </div></td><td class=\"c x63a y14d7 w5c h24\"><div class=\"t_1 m0_1 xc h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.486 </div></td></tr><tr><td class=\"c x63b y14d8 w1ef h24\"><div class=\"t_1 m0_1 x16c h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Base contable </div></td><td class=\"c x639 y14d8 wb7 h24\"><div class=\"t_1 m0_1 x86 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (<span class=\"lsd\">71.093</span>) </div></td><td class=\"c x63a y14d8 w5c h24\"><div class=\"t_1 m0_1 x86 h58 y77 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">61.012<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x63b y14d9 w1ef h24\"><div class=\"t_1 m0_1 xdb h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuota </div></td><td class=\"c x639 y14d9 wb7 h24\"><div class=\"t_1 m0_1 x86 h58 y579 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ls2e\">(1<span class=\"lsd\">7.773</span></span>) </div></td><td class=\"c x63a y14d9 w5c h24\"><div class=\"t_1 m0_1 x86 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">15.253<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x63b y14da w1ef h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deducciones y ajustes impositivos del ejercicio anteri<span class=\"_ _2\"></span>or<span class=\"_ _3\"></span> </div></td><td class=\"c x639 y14da wb7 h5c\"><div class=\"t_1 m0_1 x2f h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.433) </div></td><td class=\"c x63a y14da w5c h5c\"><div class=\"t_1 m0_1 x86 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.920) </div></td></tr><tr><td class=\"c x63b y14db w1ef h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Imposici\u00f3n sociedades no residentes en Espa\u00f1a </div></td><td class=\"c x639 y14db wb7 h24\"><div class=\"t_1 m0_1 x13 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2<span class=\"lsd\">10</span>) </div></td><td class=\"c x63a y14db w5c h24\"><div class=\"t_1 m0_1 x2_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(103) </div></td></tr><tr><td class=\"c x63b y14dc w1ef h24\"><div class=\"t_1 m0_1 x44 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto / (Ingreso)  por Impuesto sobre Beneficio<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> </div></td><td class=\"c x639 y14dc wb7 h24\"><div class=\"t_1 m0_1 x86 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ls2e\">(</span><span class=\"ls2e\">1</span>9.<span class=\"lsd\">416</span>) </div></td><td class=\"c x63a y14dc w5c h24\"><div class=\"t_1 m0_1 x86 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.230<span class=\"ls0_1\"> </span></div></td></tr></table>  <span class=\"ls0_1\">(*) El resultado an<span class=\"_ _3\"></span>tes de impuestos p<span class=\"_ _3\"></span>rocede \u00edntegramente de operaciones<span class=\"_ _3\"></span> continuadas<span class=\"_ _f\"></span> </span>Por <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>distribuci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Gasto <span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>impuesto <span class=\"_ _10\"></span>sobre<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Sociedad<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>distintos <span class=\"_ _0\"></span>concepto<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>lo conforman en 202<span class=\"_ _3\"></span>5 y 2024 es la <span class=\"_ _3\"></span>siguiente:<table class=\"s w440 h201\" id=\"_f9d4f237-4b3a-45da-84e5-4ee33891b4e5\"><tr><td></td><td></td><td class=\"c x63d y14dd w31 h24\"><div class=\"t_1 m0_1 x2e h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td></tr><tr><td></td><td class=\"c x63d y14de w1f1 h24\"><div class=\"t_1 m0_1 x3a h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x63e y14de w1f2 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x637 y14df w1f0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto corriente y otros </div></td><td class=\"c x63d y14df w1f1 h24\"><div class=\"t_1 m0_1 x35 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\"></span><span class=\"lsd\">54</span>0  </div></td><td class=\"c x63e y14df w1f2 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">6.827  </span></div></td></tr><tr><td class=\"c x637 y14e0 w1f0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por impuesto diferido </div></td><td class=\"c x63d y14e0 w1f1 h24\"><div class=\"t_1 m0_1 xc7 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ls31\">(</span><span class=\"ls31\">1</span>9.956) </div></td><td class=\"c x63e y14e0 w1f2 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">5.403  </span></div></td></tr><tr><td class=\"c x637 y14e1 w1f0 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto / (Ingreso)  por Impuesto sobre Beneficio<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> </div></td><td class=\"c x63d y14e1 w1f1 h24\"><div class=\"t_1 m0_1 x30 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ls2e\">(</span><span class=\"ls2e\">1</span>9.<span class=\"lsd\">416</span>) </div></td><td class=\"c x63e y14e1 w1f2 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"lsd\">12.230<span class=\"ls0_1\">  </span></span></div></td></tr></table>32.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\"> Activos y pasivos por i<span class=\"_ _2\"></span>mpuesto diferido recon<span class=\"_ _2\"></span>ocidos </span></span>Las <span class=\"_ _f\"></span>variaciones <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>han <span class=\"_ _f\"></span>producido <span class=\"_ _f\"></span>durante <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>20<span class=\"_ _3\"></span>24 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>estos <span class=\"_ _f\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _f\"></span>de Situaci\u00f3n Financiera Cons<span class=\"_ _3\"></span>olidado han<span class=\"_ _3\"></span> sido las siguientes:<span class=\"_ _3\"></span> Activos por Impuesto D<span class=\"_ _3\"></span>iferido<span class=\"_ _3\"></span> Miles de Euros <table class=\"s w441 h202\" id=\"_7921c2e7-fcaa-4a79-a2e0-d73b216dbc4b\"><tr><td class=\"c x227 y14e2 w180 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td><td class=\"c x63f y14e3 w442 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x641 y14e4 w443 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x640 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones<span class=\"_ _65\"> </span></div></td><td class=\"c x642 y14e3 w444 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos<span class=\"_ _65\"> </span></div></td><td class=\"c x643 y14e3 w442 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x644 y14e5 w445 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2025<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x645 y14e5 w446 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x646 y14e5 w445 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y14e7 w447 h203\"><div class=\"t_1 m0_1 x1c9 h58 y14e6 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en resultad<span class=\"_ _2\"></span>os-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro en activos no corrientes<span class=\"_ _65\"> </span></div></td><td class=\"c x647 y14e8 w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.276 </div></td><td class=\"c x648 y14e8 w1f4 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x649 y14e8 w1f5 h24\"><div class=\"t_1 m0_1 x1d h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (69) </div></td><td class=\"c x64a y14e8 w1f3 h24\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.000) </div></td><td class=\"c x585 y14e8 wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.207  </div></td></tr><tr><td class=\"c x227 y14e9 w180 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones  </div></td><td class=\"c x647 y14e9 w13b h5c\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.196 </div></td><td class=\"c x648 y14e9 w1f4 h5c\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">795 </span> </div></td><td class=\"c x649 y14e9 w1f5 h5c\"><div class=\"t_1 m0_1 x1e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.299) </div></td><td class=\"c x64a y14e9 w1f3 h5c\"><div class=\"t_1 m0_1 x13 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">965 </span> </div></td><td class=\"c x585 y14e9 wba h5c\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.657  </div></td></tr><tr><td class=\"c x227 y14ea w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compromisos con el personal </div></td><td class=\"c x647 y14ea w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.365 </div></td><td class=\"c x648 y14ea w1f4 h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 6.225  </div></td><td class=\"c x649 y14ea w1f5 h24\"><div class=\"t_1 m0_1 x1d h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (27) </div></td><td class=\"c x64a y14ea w1f3 h24\"><div class=\"t_1 m0_1 xb3 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">38 </span> </div></td><td class=\"c x585 y14ea wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 8.601  </div></td></tr><tr><td class=\"c x227 y14eb w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro activos corrientes </div></td><td class=\"c x647 y14eb w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.641 </div></td><td class=\"c x648 y14eb w1f4 h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">921 </span> </div></td><td class=\"c x649 y14eb w1f5 h24\"><div class=\"t_1 m0_1 x1d h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (57) </div></td><td class=\"c x64a y14eb w1f3 h24\"><div class=\"t_1 m0_1 x13 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">966 </span> </div></td><td class=\"c x585 y14eb wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.471  </div></td></tr><tr><td class=\"c x227 y14ec w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Limitaci\u00f3n gastos financieros y otros </div></td><td class=\"c x647 y14ec w13b h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x648 y14ec w1f4 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x649 y14ec w1f5 h24\"><div class=\"t_1 m0_1 x1d h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (18) </div></td><td class=\"c x64a y14ec w1f3 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x585 y14ec wba h24\"><div class=\"t_1 m0_1 x35 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td></tr><tr><td class=\"c x227 y14ed w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"lsd\">16</span><span class=\"lsd\">)</span> </div></td><td class=\"c x647 y14ed w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.513 </div></td><td class=\"c x648 y14ed w1f4 h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">819 </span> </div></td><td class=\"c x649 y14ed w1f5 h24\"><div class=\"t_1 m0_1 xe8 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x64a y14ed w1f3 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x585 y14ed wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.332  </div></td></tr><tr><td class=\"c x227 y14ee w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedades no residentes y ajustes de consolidaci\u00f3n </div></td><td class=\"c x647 y14ee w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.992 </div></td><td class=\"c x648 y14ee w1f4 h24\"><div class=\"t_1 m0_1 x44 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x649 y14ee w1f5 h24\"><div class=\"t_1 m0_1 x1e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.113) </div></td><td class=\"c x64a y14ee w1f3 h24\"><div class=\"t_1 m0_1 x20 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">1 </span> </div></td><td class=\"c x585 y14ee wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.880  </div></td></tr><tr><td class=\"c x227 y14ef w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bases Imponibles Negativas </div></td><td class=\"c x647 y14ef w13b h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58.138 </div></td><td class=\"c x648 y14ef w1f4 h24\"><div class=\"t_1 m0_1 x2b h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 10.253  </div></td><td class=\"c x649 y14ef w1f5 h24\"><div class=\"t_1 m0_1 x1e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.070) </div></td><td class=\"c x64a y14ef w1f3 h24\"><div class=\"t_1 m0_1 x2f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.962 </div></td><td class=\"c x585 y14ef wba h24\"><div class=\"t_1 m0_1 x1f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 70.283  </div></td></tr><tr><td class=\"c x227 y14f0 w180 h7f\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deducciones </div></td><td class=\"c x647 y14f0 w13b h7f\"><div class=\"t_1 m0_1 x22 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.704 </div></td><td class=\"c x648 y14f0 w1f4 h7f\"><div class=\"t_1 m0_1 x2_1 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.213  </div></td><td class=\"c x649 y14f0 w1f5 h7f\"><div class=\"t_1 m0_1 x1d h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (97) </div></td><td class=\"c x64a y14f0 w1f3 h7f\"><div class=\"t_1 m0_1 x13 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">258 </span> </div></td><td class=\"c x585 y14f0 wba h7f\"><div class=\"t_1 m0_1 x1f h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 13.078  </div></td></tr><tr><td></td><td class=\"c x647 y14f1 w13b h66\"><div class=\"t_1 m0_1 x22 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">90.843<span class=\"ls0_1\"> </span></div></td><td class=\"c x648 y14f1 w1f4 h66\"><div class=\"t_1 m0_1 x1_1 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">20.226 </span> </div></td><td class=\"c x649 y14f1 w1f5 h66\"><div class=\"t_1 m0_1 xb3 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (3.750) </div></td><td class=\"c x64a y14f1 w1f3 h66\"><div class=\"t_1 m0_1 x2f h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">4.190</span>  </div></td><td class=\"c x585 y14f1 wba h66\"><div class=\"t_1 m0_1 x2b h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1<span class=\"lsd\">11</span>.<span class=\"lsd\">509</span>  </div></td></tr></table>Impuestos diferidos de activo reconocidos en patri<span class=\"_ _2\"></span>monio<table class=\"s w448 h204\" id=\"_a717c438-a056-4d85-98b4-f2dd8dad82d3\"><tr><td class=\"c x64b y14f2 w180 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30) </div></td><td></td><td class=\"c x64c y14f2 w13b h66\"><div class=\"t_1 m0_1 x20 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.997 </div></td><td class=\"c x64d y14f2 w1f4 h66\"><div class=\"t_1 m0_1 xcb h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">23 </span> </div></td><td class=\"c x64e y14f2 w1f5 h66\"><div class=\"t_1 m0_1 x1e h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2.328) </div></td><td class=\"c x64f y14f2 w1f3 h66\"><div class=\"t_1 m0_1 x2e h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x650 y14f2 wba h66\"><div class=\"t_1 m0_1 x11 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">692 </span> </div></td></tr><tr><td></td><td></td><td class=\"c x64c y14f3 w13b h7f\"><div class=\"t_1 m0_1 x11 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.997<span class=\"ls0_1\"> </span></div></td><td class=\"c x64d y14f3 w1f4 h7f\"><div class=\"t_1 m0_1 xcb h58 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">23 </span><span class=\"ff2\"> </span></div></td><td class=\"c x64e y14f3 w1f5 h7f\"><div class=\"t_1 m0_1 x1e h58 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2.328)<span class=\"ff2\"> </span></div></td><td class=\"c x64f y14f3 w1f3 h7f\"><div class=\"t_1 m0_1 x2e h58 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> - <span class=\"ff2\"> </span></div></td><td class=\"c x650 y14f3 wba h7f\"><div class=\"t_1 m0_1 x11 h58 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">692 </span><span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x64b y14f4 w180 h66\"><div class=\"t_1 m0_1 x10 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td></td><td class=\"c x64c y14f4 w13b h66\"><div class=\"t_1 m0_1 x22 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">93.840<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x650 y14f4 wba h66\"><div class=\"t_1 m0_1 x2f h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"lsd\">12</span>.<span class=\"lsd\">201</span> </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x651 y14f5 w1f6 h66\"><div class=\"t_1 m0_1 xab h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td></td></tr><tr><td class=\"c x46c y14f6 w180 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></td><td></td><td class=\"c x652 y14f7 w449 h205\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x653 y14f8 w442 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y14f8 w44a h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del<span class=\"_ _65\"> </span></div></td><td class=\"c x654 y14f9 w1f4 hba\"><div class=\"t_1 m0_1 x10 h58 y574 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></td><td class=\"c x655 y14f9 w1f5 hba\"><div class=\"t_1 m0_1 x10 h58 y574 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></td><td class=\"c x656 y14f8 w444 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos<span class=\"_ _65\"> </span></div></td><td class=\"c x657 y14f8 w442 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x658 y14fa w445 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x659 y14fa w44b h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x65a y14fa w446 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x65b y14fa w445 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x65c y14fb w44c h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y14fd w447 h206\"><div class=\"t_1 m0_1 x1c9 h58 y14fc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en resultad<span class=\"_ _2\"></span>os-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n de activos no corrientes<span class=\"_ _65\"> </span></div></td><td class=\"c x65d y14fe w6_1 h5c\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">939<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y14fe w1f7 h5c\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y14fe w1f4 h5c\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x655 y14fe w1f5 h5c\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(940) </div></td><td class=\"c x65f y14fe w1f3 h5c\"><div class=\"t_1 m0_1 x2e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x660 y14fe wba h5c\"><div class=\"t_1 m0_1 x1a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x46c y14ff w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro en activos no corrientes </div></td><td class=\"c x65d y14ff w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.819 </div></td><td class=\"c x65e y14ff w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y14ff w1f4 h24\"><div class=\"t_1 m0_1 x18 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">245<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y14ff w1f5 h24\"><div class=\"t_1 m0_1 x11 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.788) </div></td><td class=\"c x65f y14ff w1f3 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y14ff wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.276 </div></td></tr><tr><td class=\"c x46c y1500 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones  </div></td><td class=\"c x65d y1500 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.625 </div></td><td class=\"c x65e y1500 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1500 w1f4 h24\"><div class=\"t_1 m0_1 x18 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">927<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1500 w1f5 h24\"><div class=\"t_1 m0_1 x11 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.356) </div></td><td class=\"c x65f y1500 w1f3 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y1500 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.196 </div></td></tr><tr><td class=\"c x46c y1501 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compromisos con el personal </div></td><td class=\"c x65d y1501 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.889 </div></td><td class=\"c x65e y1501 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1501 w1f4 h24\"><div class=\"t_1 m0_1 x18 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">507<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1501 w1f5 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(100) </div></td><td class=\"c x65f y1501 w1f3 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">69<span class=\"ls0_1\"> </span></div></td><td class=\"c x660 y1501 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.365 </div></td></tr><tr><td class=\"c x46c y1502 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro activos corrientes </div></td><td class=\"c x65d y1502 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.457 </div></td><td class=\"c x65e y1502 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1502 w1f4 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.362 </div></td><td class=\"c x655 y1502 w1f5 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(65) </div></td><td class=\"c x65f y1502 w1f3 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(113) </div></td><td class=\"c x660 y1502 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.641 </div></td></tr><tr><td class=\"c x46c y1503 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Limitaci\u00f3n gastos financieros y otros </div></td><td class=\"c x65d y1503 w6_1 h24\"><div class=\"t_1 m0_1 x1a h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y1503 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1503 w1f4 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x655 y1503 w1f5 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(42) </div></td><td class=\"c x65f y1503 w1f3 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y1503 wba h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x46c y1504 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"lsd\">16</span><span class=\"lsd\">)</span> </div></td><td class=\"c x65d y1504 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.074 </div></td><td class=\"c x65e y1504 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1504 w1f4 h24\"><div class=\"t_1 m0_1 x18 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">503<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1504 w1f5 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(64) </div></td><td class=\"c x65f y1504 w1f3 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y1504 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.513 </div></td></tr><tr><td class=\"c x46c y1505 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedades no residentes y ajustes de consolidaci\u00f3n </div></td><td class=\"c x65d y1505 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.139 </div></td><td class=\"c x65e y1505 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1505 w1f4 h24\"><div class=\"t_1 m0_1 x44 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x655 y1505 w1f5 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(147) </div></td><td class=\"c x65f y1505 w1f3 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></td><td class=\"c x660 y1505 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.992 </div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x660 y1506 wba h1d\"><div class=\"t_1 m0_1 x1a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff1_1 fs3\"> </span></div></td></tr><tr><td class=\"c x46c y1507 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bases Imponibles Negativas </div></td><td class=\"c x65d y1507 w6_1 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">60.275 </div></td><td class=\"c x65e y1507 w1f7 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">917<span class=\"ls0_1\"> </span></div></td><td class=\"c x654 y1507 w1f4 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.486 </div></td><td class=\"c x655 y1507 w1f5 h24\"><div class=\"t_1 m0_1 x11 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.280) </div></td><td class=\"c x65f y1507 w1f3 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(260) </div></td><td class=\"c x660 y1507 wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58.138 </div></td></tr><tr><td class=\"c x46c y1508 w180 h7f\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deducciones </div></td><td class=\"c x65d y1508 w6_1 h7f\"><div class=\"t_1 m0_1 x22 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.278 </div></td><td class=\"c x65e y1508 w1f7 h7f\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">69<span class=\"ls0_1\"> </span></div></td><td class=\"c x654 y1508 w1f4 h7f\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">669<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1508 w1f5 h7f\"><div class=\"t_1 m0_1 x11 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.819) </div></td><td class=\"c x65f y1508 w1f3 h7f\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.507 </div></td><td class=\"c x660 y1508 wba h7f\"><div class=\"t_1 m0_1 x3a h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.704 </div></td></tr><tr><td></td><td class=\"c x65d y1509 w6_1 h66\"><div class=\"t_1 m0_1 x22 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.555<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y1509 w1f7 h66\"><div class=\"t_1 m0_1 x44 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">986<span class=\"ls0_1\"> </span></div></td><td class=\"c x654 y1509 w1f4 h66\"><div class=\"t_1 m0_1 x1f h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.700<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1509 w1f5 h66\"><div class=\"t_1 m0_1 xc7 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.601) </div></td><td class=\"c x65f y1509 w1f3 h66\"><div class=\"t_1 m0_1 x2_1 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.203<span class=\"ls0_1\"> </span></div></td><td class=\"c x660 y1509 wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">90.843<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y150b w44d h207\"><div class=\"t_1 m0_1 x1c9 h58 y150a ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en patri<span class=\"_ _2\"></span>monio-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30)<span class=\"_ _65\"> </span></div></td><td class=\"c x65d y150c w6_1 h7f\"><div class=\"t_1 m0_1 x58 h20 y583 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">441<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y150c w1f7 h7f\"><div class=\"t_1 m0_1 x41 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y150c w1f4 h7f\"><div class=\"t_1 m0_1 x1f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.556 </div></td><td class=\"c x655 y150c w1f5 h7f\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x65f y150c w1f3 h7f\"><div class=\"t_1 m0_1 x15 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y150c wba h7f\"><div class=\"t_1 m0_1 xc7 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.997 </div></td></tr><tr><td></td><td class=\"c x65d y150d w6_1 he4\"><div class=\"t_1 m0_1 x58 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">441<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y150d w1f7 he4\"><div class=\"t_1 m0_1 x41 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y150d w1f4 he4\"><div class=\"t_1 m0_1 x1f h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.556<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y150d w1f5 he4\"><div class=\"t_1 m0_1 x37 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x65f y150d w1f3 he4\"><div class=\"t_1 m0_1 x15 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y150d wba he4\"><div class=\"t_1 m0_1 xc7 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.997<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x46c y150e w180 h66\"><div class=\"t_1 m0_1 x10 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x65d y150e w6_1 h66\"><div class=\"t_1 m0_1 x22 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.996<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x660 y150e wba h66\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">93.840<span class=\"ls0_1\"> </span></div></td></tr></table>La <span class=\"_ _f\"></span>Ley <span class=\"_ _f\"></span>27/2014, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>27 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>noviembre, <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Impuesto<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>sobre <span class=\"_ _f\"></span>Sociedades <span class=\"_ _f\"></span>elimin\u00f3 <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>efectos <span class=\"_ _f\"></span>1 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>enero <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el 2015 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>establecido <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>compensaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>ases <span class=\"_ _f\"></span>imponibles <span class=\"_ _f\"></span>negativas, <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>pas<span class=\"_ _3\"></span>\u00f3 <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>ser ilimitado, y ampli\u00f3 al menos<span class=\"_ _3\"></span> a 15 a\u00f1os el plaz<span class=\"_ _3\"></span>o gen<span class=\"_ _3\"></span>eral de compensaci\u00f3n de las<span class=\"_ _3\"></span> deducciones.<span class=\"_ _3\"></span> ENCE <span class=\"_ _1a\"> </span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _1a\"> </span>reconoce <span class=\"_ _1a\"> </span>activo<span class=\"_ _3\"></span>s <span class=\"_ _1a\"> </span>por <span class=\"_ _1a\"> </span>impu<span class=\"_ _3\"></span>esto <span class=\"_ _1a\"> </span>diferido <span class=\"_ _1a\"> </span>cuando <span class=\"_ _18\"> </span>considera <span class=\"_ _1a\"> </span>probable <span class=\"_ _1a\"> </span>que <span class=\"_ _1a\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>entidades (individualmente  o  de <span class=\"_ _13\"> </span>forma <span class=\"_ _13\"> </span>consolidada)  que  los<span class=\"_ _2\"></span>  han <span class=\"_ _13\"> </span>generado <span class=\"_ _13\"> </span>van  a <span class=\"_ _13\"> </span>tener <span class=\"_ _13\"> </span>en  el <span class=\"_ _13\"> </span>futuro  s<span class=\"_ _2\"></span>uficientes ganancias <span class=\"_ _0\"></span>fiscales <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>hacerlos <span class=\"_ _0\"></span>efectivos. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>senti<span class=\"_ _f\"></span>do, <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>contab<span class=\"_ _3\"></span>le <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>revisan<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> impuestos <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>iferidos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activo <span class=\"_ _10\"></span>registrados, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>fin <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>mprobar <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>mantienen <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>igentes <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>que <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e consideran <span class=\"_ _2\"></span>recuperables <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ap<span class=\"_ _3\"></span>roximado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>10 <span class=\"_ _2\"></span>a\u00f1os. <span class=\"_ _d\"></span>Dicho<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>an\u00e1lisis <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>basan <span class=\"_ _2\"></span>en: <span class=\"_ _d\"></span>(i) <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>sideraci\u00f3n de<span class=\"ls0_1\"> <span class=\"_ _2\"></span>hip\u00f3tesis para <span class=\"_ _2\"></span>concluir sobre <span class=\"_ _2\"></span>existencia de <span class=\"_ _2\"></span>suficientes ganancias fiscales <span class=\"_ _2\"></span>que permitan <span class=\"_ _d\"></span>compens<span class=\"_ _3\"></span>ar dichas </span>p\u00e9rdidas fiscales; y (ii) el per\u00edodo y l\u00edmites <span class=\"_ _2\"></span>establecidos en la legislaci\u00f3n para la recuperaci\u00f3n de los cr\u00e9ditos fiscales. Los <span class=\"_ _f\"></span>flujos <span class=\"_ _f\"></span>prev<span class=\"_ _3\"></span>istos <span class=\"_ _f\"></span>permiten <span class=\"_ _f\"></span>concluir <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>impuesto <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>iferido <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>reconocidos <span class=\"_ _f\"></span>como<span class=\"_ _3\"></span> activo <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>recuperables <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>lazo <span class=\"_ _0\"></span>aproximado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>10 <span class=\"_ _0\"></span>a\u00f1o<span class=\"_ _3\"></span>s. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>diferencias <span class=\"_ _0\"></span>temporales <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> bases <span class=\"_ _3\"></span>imponibles <span class=\"_ _3\"></span>negativas <span class=\"_ _3\"></span>acreditad<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Espa\u00f1a y<span class=\"_ _f\"></span> no <span class=\"_ _3\"></span>reconocidas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Situaci\u00f3n <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>al 31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _3\"></span>asci<span class=\"_ _3\"></span>ende <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>base <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>71,1 <span class=\"_ _f\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>(42,6 <span class=\"_ _f\"></span>millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de </span>2024)<span class=\"ls0_1\"> <span class=\"_ _3\"></span><span class=\"ff6\">y <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>cuota <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>17,8 <span class=\"_ _f\"></span>millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>dicie<span class=\"_ _3\"></span>mbre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>(10,65 <span class=\"_ _f\"></span>millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>dicie<span class=\"_ _f\"></span></span>mbre <span class=\"_ _3\"></span>de </span>2024)<span class=\"ff6 ls0_1\">. <span class=\"_ _3\"></span>Adicionalmente, <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>BIN\u00b4s <span class=\"_ _3\"></span>acreditadas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Portugal p<span class=\"_ _3\"></span>or importe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>1,1 <span class=\"_ _3\"></span>millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _3\"></span>al </span>cierre de 2025 <span class=\"ff6\">(cuota<span class=\"_ _3\"></span> de 0,3 millones \u20ac)</span>.<span class=\"_ _65\"> </span>Tienen <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>car\u00e1cter <span class=\"_ _10\"></span>previo <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>incorporaci\u00f3n <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>Grupo, <span class=\"_ _10\"></span>BIN\u00b4s <span class=\"_ _10\"></span>pendientes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>aprovechamiento <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de diciembre de 2025 por importe de 29,7 millones<span class=\"_ _3\"></span> \u20ac (cuota d<span class=\"_ _3\"></span>e 7,43 millones \u20ac)<span class=\"ff3\"> y d<span class=\"_ _3\"></span>educciones por importe de </span>5,3 millones \u20ac<span class=\"ff3\">  en cuota<span class=\"_ _3\"></span>. </span>Pasivos por Impuesto<span class=\"_ _3\"></span> Diferido Miles de Euros <table class=\"s w44e h208\" id=\"_f3a36ce6-dc9d-4923-bd8b-5de93a5a8d53\"><tr><td class=\"c x28c y150f w1f9 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td><td class=\"c x661 y1510 w442 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x662 y1510 w444 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos<span class=\"_ _65\"> </span></div></td><td class=\"c x663 y1510 w442 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1511 w1f9 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en resultados- </div></td><td class=\"c x664 y1512 w445 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2025<span class=\"_ _65\"> </span></div></td><td class=\"c x665 y1513 w16c h9a\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></td><td class=\"c x666 y1513 w8_1 h9a\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></td><td class=\"c x667 y1512 w446 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x668 y1512 w445 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1514 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Libertad de amortizaci\u00f3n (RDL 4/2004) </div></td><td class=\"c x669 y1514 wba h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">258<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1514 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y1514 w8_1 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(121) </div></td><td class=\"c x66a y1514 w15e h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1514 wba h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y1515 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros </div></td><td class=\"c x669 y1515 wba h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x665 y1515 w16c h24\"><div class=\"t_1 m0_1 x20 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">250 </span> </div></td><td class=\"c x666 y1515 w8_1 h24\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66a y1515 w15e h24\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">174 </span> </div></td><td class=\"c x66b y1515 wba h24\"><div class=\"t_1 m0_1 x11 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">426 </span> </div></td></tr><tr><td class=\"c x28c y1516 w1f9 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></td><td class=\"c x669 y1516 wba h5c\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x665 y1516 w16c h5c\"><div class=\"t_1 m0_1 x35 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x666 y1516 w8_1 h5c\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66a y1516 w15e h5c\"><div class=\"t_1 m0_1 x58 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66b y1516 wba h5c\"><div class=\"t_1 m0_1 x35 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td></tr><tr><td class=\"c x28c y1517 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"lsd\">16</span><span class=\"lsd\">)</span> </div></td><td class=\"c x669 y1517 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.216 </div></td><td class=\"c x665 y1517 w16c h24\"><div class=\"t_1 m0_1 x20 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">570 </span> </div></td><td class=\"c x666 y1517 w8_1 h24\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66a y1517 w15e h24\"><div class=\"t_1 m0_1 x58 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66b y1517 wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 8.786  </div></td></tr><tr><td class=\"c x28c y1518 w1f9 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></td><td class=\"c x669 y1518 wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.297 </div></td><td class=\"c x665 y1518 w16c h66\"><div class=\"t_1 m0_1 x1d h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">5 </span> </div></td><td class=\"c x666 y1518 w8_1 h66\"><div class=\"t_1 m0_1 x16 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (7) </div></td><td class=\"c x66a y1518 w15e h66\"><div class=\"t_1 m0_1 x3a h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (120) </div></td><td class=\"c x66b y1518 wba h66\"><div class=\"t_1 m0_1 x30 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.175  </div></td></tr><tr><td></td><td class=\"c x669 y1519 wba h66\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.773<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1519 w16c h66\"><div class=\"t_1 m0_1 x20 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">825 </span> </div></td><td class=\"c x666 y1519 w8_1 h66\"><div class=\"t_1 m0_1 x58 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (128) </div></td><td class=\"c x66a y1519 w15e h66\"><div class=\"t_1 m0_1 x20 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">54 </span> </div></td><td class=\"c x66b y1519 wba h66\"><div class=\"t_1 m0_1 x2_1 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">11.524 </span> </div></td></tr><tr><td class=\"c x1ca y151a w44f h209\"><div class=\"t_1 m0_1 x1c9 h58 y1148 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en patrimonio-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Revalorizaci\u00f3n suelos forestales (Nota 16.3)<span class=\"_ _65\"> </span></div></td><td class=\"c x669 y151b wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></td><td class=\"c x665 y151b w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y151b w8_1 h24\"><div class=\"t_1 m0_1 x1b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66a y151b w15e h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y151b wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></td></tr><tr><td class=\"c x28c y151c w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></td><td class=\"c x669 y151c wba h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.987 </div></td><td class=\"c x665 y151c w16c h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">439<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y151c w8_1 h24\"><div class=\"t_1 m0_1 x1b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66a y151c w15e h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y151c wba h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.426 </div></td></tr><tr><td class=\"c x28c y151d w1f9 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></td><td class=\"c x669 y151d wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.583 </div></td><td class=\"c x665 y151d w16c h66\"><div class=\"t_1 m0_1 x30 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.225  </div></td><td class=\"c x666 y151d w8_1 h66\"><div class=\"t_1 m0_1 x11 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2.242) </div></td><td class=\"c x66a y151d w15e h66\"><div class=\"t_1 m0_1 x58 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66b y151d wba h66\"><div class=\"t_1 m0_1 x30 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.566  </div></td></tr><tr><td></td><td class=\"c x669 y151e wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">21.080<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y151e w16c h66\"><div class=\"t_1 m0_1 x30 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">2.664 </span> </div></td><td class=\"c x666 y151e w8_1 h66\"><div class=\"t_1 m0_1 x11 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2.242) </div></td><td class=\"c x66a y151e w15e h66\"><div class=\"t_1 m0_1 x58 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66b y151e wba h66\"><div class=\"t_1 m0_1 x2_1 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">21.502 </span> </div></td></tr><tr><td class=\"c x28c y151f w1f9 h66\"><div class=\"t_1 m0_1 x10 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x669 y151f wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.853<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x66b y151f wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.026<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x669 y1520 w1fa h66\"><div class=\"t_1 m0_1 x151 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td></td></tr><tr><td class=\"c x28c y1521 w1f9 h5c\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></td><td class=\"c x661 y1522 w442 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x662 y1522 w444 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos<span class=\"_ _65\"> </span></div></td><td class=\"c x663 y1522 w442 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1523 w1f9 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en resultados- </div></td><td class=\"c x664 y1524 w445 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x665 y1525 w16c h8b\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></td><td class=\"c x666 y1525 w8_1 h8b\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></td><td class=\"c x667 y1524 w446 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x668 y1524 w445 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1526 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Libertad de amortizaci\u00f3n (RDL 4/2004) </div></td><td class=\"c x669 y1526 wba h24\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">379<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1526 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y1526 w8_1 h24\"><div class=\"t_1 m0_1 x57 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(121) </div></td><td class=\"c x66a y1526 w15e h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1526 wba h24\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">258<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y1527 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros </div></td><td class=\"c x669 y1527 wba h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1527 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y1527 w8_1 h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16) </div></td><td class=\"c x66a y1527 w15e h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1527 wba h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td></tr><tr><td class=\"c x28c y1528 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></td><td class=\"c x669 y1528 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.926 </div></td><td class=\"c x665 y1528 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y1528 w8_1 h24\"><div class=\"t_1 m0_1 x1b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66a y1528 w15e h24\"><div class=\"t_1 m0_1 xc h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.926) </div></td><td class=\"c x66b y1528 wba h24\"><div class=\"t_1 m0_1 x1a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1529 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"lsd\">16</span><span class=\"lsd\">)</span> </div></td><td class=\"c x669 y1529 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.887 </div></td><td class=\"c x665 y1529 w16c h24\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">399<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y1529 w8_1 h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(70) </div></td><td class=\"c x66a y1529 w15e h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1529 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.216 </div></td></tr><tr><td class=\"c x28c y152a w1f9 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></td><td class=\"c x669 y152a wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.838 </div></td><td class=\"c x665 y152a w16c h66\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">585<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y152a w8_1 h66\"><div class=\"t_1 m0_1 x32 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(86) </div></td><td class=\"c x66a y152a w15e h66\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(40) </div></td><td class=\"c x66b y152a wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.297 </div></td></tr><tr><td></td><td class=\"c x669 y152b wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.048<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y152b w16c h66\"><div class=\"t_1 m0_1 x14 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">984<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y152b w8_1 h66\"><div class=\"t_1 m0_1 x57 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(293) </div></td><td class=\"c x66a y152b w15e h66\"><div class=\"t_1 m0_1 x2f h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.966) </div></td><td class=\"c x66b y152b wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.773<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y152c w44f h20a\"><div class=\"t_1 m0_1 x1c9 h58 y115a ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en patrimonio-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Revalorizaci\u00f3n suelos forestales (Nota 16.3)<span class=\"_ _65\"> </span></div></td><td class=\"c x669 y152d wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></td><td class=\"c x665 y152d w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y152d w8_1 h24\"><div class=\"t_1 m0_1 x1b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66a y152d w15e h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y152d wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></td></tr><tr><td class=\"c x28c y152e w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30) </div></td><td class=\"c x669 y152e wba h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">968<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y152e w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y152e w8_1 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(969) </div></td><td class=\"c x66a y152e w15e h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x66b y152e wba h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y152f w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></td><td class=\"c x669 y152f wba h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x665 y152f w16c h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">61<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x66a y152f w15e h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.926 </div></td><td class=\"c x66b y152f wba h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.987 </div></td></tr><tr><td class=\"c x28c y1530 w1f9 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></td><td class=\"c x669 y1530 wba h66\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">472<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1530 w16c h66\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.509 </div></td><td class=\"c x666 y1530 w8_1 h66\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.398) </div></td><td class=\"c x66a y1530 w15e h66\"><div class=\"t_1 m0_1 x1d h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1530 wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.583 </div></td></tr><tr><td></td><td class=\"c x669 y1531 wba he8\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.950<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1531 w16c he8\"><div class=\"t_1 m0_1 x22 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">6.570<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y1531 w8_1 he8\"><div class=\"t_1 m0_1 x14 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.367) </div></td><td class=\"c x66a y1531 w15e he8\"><div class=\"t_1 m0_1 x13 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.927<span class=\"ls0_1\"> </span></div></td><td class=\"c x66b y1531 wba he8\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">21.080<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y1532 w1f9 h66\"><div class=\"t_1 m0_1 x10 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x669 y1532 wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">26.998<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x66b y1532 wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.853<span class=\"ls0_1\"> </span></div></td></tr></table>32.5<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Ej<span class=\"_ _3\"></span>ercicio<span class=\"_ _2\"></span>s pendientes de <span class=\"_ _2\"></span>comprobaci\u00f3n y a<span class=\"_ _2\"></span>ctuaciones inspe<span class=\"_ _2\"></span>ctoras<span class=\"_ _65\"> </span></span></span>Seg\u00fan las disp<span class=\"_ _3\"></span>osiciones fiscales<span class=\"_ _3\"></span> vigentes, las liq<span class=\"_ _3\"></span>uidaciones de impuesto<span class=\"_ _3\"></span>s no pueden co<span class=\"_ _3\"></span>nsiderarse definitivas<span class=\"_ _3\"></span> hasta qu<span class=\"_ _3\"></span>e no han sido inspeccionad<span class=\"_ _3\"></span>as por las auto<span class=\"_ _3\"></span>ridades fiscales o ha tra<span class=\"_ _3\"></span>nscurrido el plazo de pres<span class=\"_ _3\"></span>cripci\u00f3n establecido <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cada <span class=\"_ _3\"></span>jurisdicci<span class=\"_ _3\"></span>\u00f3n <span class=\"_ _3\"></span>tribu<span class=\"_ _3\"></span>taria; <span class=\"_ _3\"></span>cuatro <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Esp<span class=\"_ _3\"></span>a\u00f1a <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Portugal, <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>cinco <span class=\"_ _3\"></span>a\u00f1os <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Uruguay. <span class=\"_ _3\"></span>Los<span class=\"_ _3\"></span> Grupos fiscales tienen a<span class=\"_ _3\"></span>biertos a co<span class=\"_ _3\"></span>mprobaci\u00f3n los ejercicio<span class=\"_ _3\"></span>s 2021 y siguient<span class=\"_ _3\"></span>es.<span class=\"_ _65\"> </span>El <span class=\"_ _3\"></span>13 d<span class=\"_ _3\"></span>e s<span class=\"_ _3\"></span>eptiembre <span class=\"_ _3\"></span>de 2<span class=\"_ _3\"></span>023 <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>concluy\u00f3 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>insp<span class=\"_ _3\"></span>ecci\u00f3n gen<span class=\"_ _3\"></span>eral <span class=\"_ _3\"></span>de los<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ejercicios <span class=\"_ _3\"></span>2018, <span class=\"_ _3\"></span>2019 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2020 <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>trav\u00e9s de  la  firma  en  conformidad<span class=\"_ _3\"></span>  de  actas  por  todos  los  impuestos<span class=\"_ _3\"></span>  comprobados  con<span class=\"_ _3\"></span>firmando  las  BIN\u00b4s  y deducciones <span class=\"_ _f\"></span>acreditadas <span class=\"_ _f\"></span>por <span class=\"_ _3\"></span>las<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>sociedades <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>o, <span class=\"_ _f\"></span>as\u00ed <span class=\"_ _f\"></span>como <span class=\"_ _3\"></span>dedu<span class=\"_ _3\"></span>cciones <span class=\"_ _f\"></span>pendientes <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>consignaci\u00f3n en las declaraciones d<span class=\"_ _3\"></span>e los ejercicios compro<span class=\"_ _3\"></span>bados por <span class=\"_ _3\"></span>3,2 millones \u20ac. <span class=\"_ _3\"></span><span class=\"ff3\"> </span>Por <span class=\"_ _0\"></span>otro <span class=\"_ _0\"></span>lad<span class=\"_ _3\"></span>o, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>ins<span class=\"_ _3\"></span>pecci\u00f3n <span class=\"_ _0\"></span>E<span class=\"_ _3\"></span>NCE <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>MAGNON <span class=\"_ _10\"></span>hicieron <span class=\"_ _f\"></span>v<span class=\"_ _3\"></span>aler <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>derecho <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>impugnar <span class=\"_ _0\"></span>determinadas medidas <span class=\"_ _15\"> </span>fiscales <span class=\"_ _15\"> </span>reco<span class=\"_ _3\"></span>gidas <span class=\"_ _15\"> </span>en <span class=\"_ _15\"> </span>el <span class=\"_ _15\"> </span>Real <span class=\"_ _15\"> </span>De<span class=\"_ _3\"></span>creto-L<span class=\"_ _3\"></span>ey <span class=\"_ _15\"> </span>3/2016, <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>trav<span class=\"_ _3\"></span>\u00e9s <span class=\"_ _15\"> </span>de <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>sus<span class=\"_ _3\"></span>cripci\u00f3n <span class=\"_ _19\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _19\"> </span>actas<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>en disconformidad, para <span class=\"_ _d\"></span>as\u00ed <span class=\"_ _2\"></span>poder <span class=\"_ _d\"></span>beneficiarse <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>una potencial <span class=\"_ _d\"></span>declaraci\u00f3n <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _d\"></span>in<span class=\"_ _3\"></span>constituciona<span class=\"_ _3\"></span>lida<span class=\"_ _3\"></span>d. <span class=\"_ _d\"></span>E<span class=\"_ _3\"></span>n <span class=\"_ _d\"></span>este<span class=\"_ _3\"></span> sentido, <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>18 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>enero d<span class=\"_ _3\"></span>e 20<span class=\"_ _3\"></span>24 el <span class=\"_ _3\"></span>Pleno <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Tribunal <span class=\"_ _3\"></span>Con<span class=\"_ _3\"></span>stitucional <span class=\"_ _3\"></span>estim\u00f3 <span class=\"_ _3\"></span>por <span class=\"_ _3\"></span>unanimidad <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cuesti\u00f3n<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e inconstitucion<span class=\"_ _3\"></span>alidad <span class=\"_ _1b\"> </span>planteada <span class=\"_ _18\"> </span>res<span class=\"_ _3\"></span>pecto <span class=\"_ _18\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _18\"> </span>varias<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>mo<span class=\"_ _3\"></span>dificaciones <span class=\"_ _1b\"> </span>del <span class=\"_ _1b\"> </span>Impuesto <span class=\"_ _1b\"> </span>sobre <span class=\"_ _1b\"> </span>Sociedades introducidas<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>por <span class=\"_ _16\"> </span>el <span class=\"_ _16\"> </span>Real <span class=\"_ _16\"> </span>D<span class=\"_ _3\"></span>ecreto<span class=\"_ _3\"></span>-ley <span class=\"_ _16\"> </span>3/2016, <span class=\"_ _19\"> </span>entre <span class=\"_ _16\"> </span>otra<span class=\"_ _3\"></span>s, <span class=\"_ _16\"> </span>la <span class=\"_ _19\"> </span>limitaci\u00f3n <span class=\"_ _16\"> </span>a <span class=\"_ _19\"> </span>la <span class=\"_ _16\"> </span>compe<span class=\"_ _3\"></span>nsaci\u00f3n <span class=\"_ _16\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _16\"> </span>bases imponibles n<span class=\"_ _3\"></span>egativas, dej\u00e1ndolas <span class=\"_ _3\"></span>sin efecto. <span class=\"_ _3\"></span>El 9 <span class=\"_ _3\"></span>de diciembre de <span class=\"_ _3\"></span>2025 el TEAC <span class=\"_ _3\"></span>ha estimad<span class=\"_ _3\"></span>o la <span class=\"_ _3\"></span>reclamaci\u00f3n para  recuperar  cr\u00e9ditos  fiscales  por  aproximad<span class=\"_ _3\"></span>amente  20  millones  \u20ac,  junto  con  los  correspon<span class=\"_ _f\"></span><span class=\"ff3\">dientes </span>intereses de demora, estan<span class=\"_ _3\"></span>do pendiente de ejecuci\u00f3n<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> Todas  las <span class=\"_ _10\"> </span>actu<span class=\"_ _3\"></span>aciones  re<span class=\"_ _2\"></span>levantes <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>han <span class=\"_ _13\"> </span>sido <span class=\"_ _13\"> </span>analizadas <span class=\"_ _13\"> </span>internamente <span class=\"_ _13\"> </span>y  t<span class=\"_ _2\"></span>ambi\u00e9n <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>asesores externos, <span class=\"_ _f\"></span>tanto <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>es<span class=\"_ _3\"></span>te <span class=\"_ _f\"></span>ejercicio <span class=\"_ _f\"></span>como <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>precedentes, <span class=\"_ _f\"></span>determinando <span class=\"_ _f\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>estas <span class=\"_ _f\"></span>actuaciones <span class=\"_ _f\"></span>han <span class=\"_ _f\"></span>sido ajustadas <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>derecho <span class=\"_ _10\"> </span>y <span class=\"_ _10\"> </span>se <span class=\"_ _10\"> </span>basan <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>interpretaciones <span class=\"_ _10\"> </span>raz<span class=\"_ _f\"></span>onables <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>norma <span class=\"_ _10\"></span>tributaria. <span class=\"_ _10\"> </span>La <span class=\"_ _10\"> </span>existencia <span class=\"_ _10\"> </span>de incertidumbres <span class=\"_ _2\"></span>fiscales <span class=\"_ _2\"></span>es <span class=\"_ _d\"></span>igua<span class=\"_ _3\"></span>lmente <span class=\"_ _d\"></span>objeto <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>an\u00e1lisis y <span class=\"_ _d\"></span>el <span class=\"_ _d\"></span>criterio <span class=\"_ _2\"></span>general <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Grupo <span class=\"_ _2\"></span>consiste <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>consid<span class=\"_ _3\"></span>erar de <span class=\"_ _16\"> </span>forma  p<span class=\"_ _3\"></span>rudente <span class=\"_ _16\"> </span>dicha <span class=\"_ _16\"> </span>incertidumbre <span class=\"_ _16\"> </span>en <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>determin<span class=\"_ _3\"></span>aci\u00f3n <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>impuesto. <span class=\"_ _16\"> </span>ENCE <span class=\"_ _16\"> </span>no <span class=\"_ _16\"> </span>ha <span class=\"_ _16\"> </span>identificado<span class=\"_ _f\"></span> incertidumbres fiscal<span class=\"_ _3\"></span>es que hayan<span class=\"_ _3\"></span> sido objeto de cons<span class=\"_ _3\"></span>ideraci\u00f3n.  32.6<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Otra informaci\u00f3n </span></span>Pago m\u00ednimo (Pilar II)<span class=\"_ _3\"></span> En diciembre de 2022<span class=\"_ _2\"></span> los Estados Miembros de <span class=\"_ _2\"></span>la Uni\u00f3n <span class=\"_ _2\"></span>Europea aprobaron la Directiva (<span class=\"_ _2\"></span>UE) 2022/2523, de 14 de diciembre, relativa a la <span class=\"_ _2\"></span>garant\u00eda de un nivel m\u00ednimo global de im<span class=\"_ _2\"></span>posici\u00f3n para los grupos de empresas multinacionales y para <span class=\"_ _2\"></span>los <span class=\"_ _2\"></span>grupos nacionales de <span class=\"_ _2\"></span>gran magnitud <span class=\"_ _2\"></span>en la <span class=\"_ _2\"></span>Uni\u00f3n (Pilar <span class=\"_ _d\"></span>II). Dicha normativa <span class=\"_ _2\"></span>ha sido<span class=\"_ _2\"></span> transpuesta <span class=\"_ _f\"></span>al ord<span class=\"_ _3\"></span>enamiento <span class=\"_ _3\"></span>espa\u00f1ol <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>trav\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Ley <span class=\"_ _3\"></span>7/2024, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>diciembre. <span class=\"_ _3\"></span>El <span class=\"_ _3\"></span>Gru<span class=\"_ _3\"></span>po <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>evaluad<span class=\"_ _3\"></span>o dicha Directiva no p<span class=\"_ _3\"></span>revi\u00e9ndose impactos s<span class=\"_ _3\"></span>ignificativos por su a<span class=\"_ _3\"></span>plicaci\u00f3n.<span class=\"_ _3\"></span> Reestructuraciones <span class=\"_ _f\"></span>so<span class=\"_ _3\"></span>cietarias <span class=\"_ _f\"></span>acogidas<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _f\"></span>r\u00e9gimen <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>neutralidad<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>fiscal <span class=\"_ _f\"></span>establecido <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>Cap\u00edtulo <span class=\"_ _f\"></span>VII <span class=\"_ _f\"></span>del<span class=\"_ _3\"></span> T\u00edtulo VII de la Ley 27/2<span class=\"_ _3\"></span>014, de 27 de nov<span class=\"_ _3\"></span>iembre, del Impuesto<span class=\"_ _3\"></span> sobre Sociedades<span class=\"_ _f\"></span> Con <span class=\"_ _10\"></span>efectos <span class=\"_ _10\"></span>1 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>enero <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>2025, <span class=\"_ _10\"> </span>se <span class=\"_ _10\"></span>han <span class=\"_ _10\"></span>fusionado <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _10\"></span>BIOMETAG\u00c1S <span class=\"_ _10\"></span>LA <span class=\"_ _0\"></span>GALE<span class=\"_ _3\"></span>RA, <span class=\"_ _10\"></span>S.L. <span class=\"_ _0\"></span>(como<span class=\"_ _3\"></span> absorbente) <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>INFRAESTRU<span class=\"_ _3\"></span>CTURA <span class=\"_ _10\"> </span>BIOMETAG\u00c1S, <span class=\"_ _10\"> </span>S.L.<span class=\"_ _3\"></span>U. <span class=\"_ _10\"> </span>(como <span class=\"_ _10\"> </span>absorbid<span class=\"_ _3\"></span>a).<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _10\"></span></span>El <span class=\"_ _10\"> </span>valor <span class=\"_ _10\"> </span>contable <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>fusi\u00f3n coincide con el fiscal puesto<span class=\"_ _3\"></span> que las<span class=\"_ _3\"></span> sociedades fueron<span class=\"_ _3\"></span> adquiridas por el grup<span class=\"_ _3\"></span>o en diciembre de 2024. <span class=\"_ _3\"></span><span class=\"ff2\"> </span>ENCE <span class=\"_ _10\"> </span> <span class=\"_ _10\"> </span>ha <span class=\"_ _10\"> </span>comunicado <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>Administraci\u00f3n <span class=\"_ _10\"> </span>Tributaria, <span class=\"_ _10\"> </span>las <span class=\"_ _10\"> </span>siguientes <span class=\"_ _10\"> </span>operaciones<span class=\"_ _3\"></span> <span class=\"_ _10\"></span>realizadas <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>ejercicios anteriores; <span class=\"_ _10\"> </span>1) <span class=\"_ _10\"> </span>aportaci\u00f3n <span class=\"_ _10\"> </span>no <span class=\"_ _10\"> </span>dineraria <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>Magnon <span class=\"_ _10\"> </span>Green <span class=\"_ _10\"> </span>Energy, <span class=\"_ _10\"> </span>S.L.U. <span class=\"_ _10\"> </span>en <span class=\"_ _10\"> </span>el <span class=\"_ _10\"></span>a\u00f1o <span class=\"_ _10\"> </span>2020 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>determinados activos <span class=\"_ _3\"></span>indus<span class=\"_ _3\"></span>triales <span class=\"_ _3\"></span>(que <span class=\"_ _3\"></span>incluyen <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>presa de <span class=\"_ _3\"></span>El <span class=\"_ _f\"></span>Sancho) <span class=\"_ _3\"></span>ubicados <span class=\"_ _f\"></span>en Huelva <span class=\"_ _f\"></span>con u<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>valor n<span class=\"_ _3\"></span>eto <span class=\"_ _3\"></span>contable <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e 13.562 <span class=\"_ _10\"> </span>miles <span class=\"_ _13\"> </span>\u20ac <span class=\"_ _10\"></span>y <span class=\"_ _10\"> </span>un <span class=\"_ _13\"> </span>valor <span class=\"_ _10\"> </span>de <span class=\"_ _10\"> </span>mercado, <span class=\"_ _13\"> </span>que <span class=\"_ _10\"> </span>coincide <span class=\"_ _13\"> </span>con <span class=\"_ _10\"> </span>el <span class=\"_ _10\"> </span>valor <span class=\"_ _13\"> </span>de <span class=\"_ _10\"></span>aportaci\u00f3n, <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>26.923 <span class=\"_ _13\"> </span>miles <span class=\"_ _10\"> </span>\u20ac, <span class=\"_ _10\"> </span>2)<span class=\"_ _3\"></span> aportaci\u00f3n <span class=\"_ _13\"> </span>no <span class=\"_ _10\"> </span>dineraria <span class=\"_ _10\"> </span>a <span class=\"_ _13\"> </span>Magnon <span class=\"_ _10\"> </span>Green <span class=\"_ _10\"> </span>Energy, <span class=\"_ _10\"> </span>S.L.<span class=\"_ _3\"></span>U. <span class=\"_ _13\"> </span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>a\u00f1o <span class=\"_ _10\"> </span>2018 <span class=\"_ _10\"> </span>d<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>terrenos<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con <span class=\"_ _13\"> </span>un <span class=\"_ _10\"></span>valor <span class=\"_ _10\"> </span>neto c<span class=\"ff6\">ontable de 779 miles \u20ac, un valo<span class=\"_ _3\"></span>r de aportaci\u00f3n d<span class=\"_ _3\"></span>e 2.460 miles \u20ac y un valor de mercado de 3.166 miles \u20ac, 3)<span class=\"_ _3\"></span> </span>aportaci\u00f3n <span class=\"_ _2\"></span>no <span class=\"_ _d\"></span>d<span class=\"_ _3\"></span>ineraria <span class=\"_ _d\"></span>a <span class=\"_ _2\"></span>Ence <span class=\"_ _d\"></span>Reno<span class=\"_ _3\"></span>vables <span class=\"_ _2\"></span>SL <span class=\"_ _d\"></span>en <span class=\"_ _2\"></span>el <span class=\"_ _d\"></span>a\u00f1o <span class=\"_ _2\"></span>2023 <span class=\"_ _d\"></span>de <span class=\"_ _2\"></span>las <span class=\"_ _2\"></span>participaciones <span class=\"_ _d\"></span>de Mag<span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>Green <span class=\"_ _d\"></span>Energy, S.L.U. <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>uponen <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>51<span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>u <span class=\"_ _3\"></span>capital <span class=\"_ _f\"></span>so<span class=\"ff6\">cial, <span class=\"_ _f\"></span>con <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>valor <span class=\"_ _3\"></span>neto <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>table <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>112.5<span class=\"_ _3\"></span>28 <span class=\"_ _3\"></span>miles <span class=\"_ _f\"></span>\u20ac, <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>de </span>aportaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>113.960 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>\u20ac <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>valor <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>mercado <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>124.925 <span class=\"_ _f\"></span>miles <span class=\"_ _f\"></span>\u20ac. <span class=\"_ _f\"></span>El <span class=\"_ _f\"></span>1 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>enero <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"></span>Magnon Green <span class=\"_ _3\"></span>Energy, <span class=\"_ _f\"></span>S.L. <span class=\"_ _3\"></span>realiz\u00f3 <span class=\"_ _3\"></span>una<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>segregaci\u00f3n <span class=\"_ _3\"></span>parcial <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>una <span class=\"_ _f\"></span>rama d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>actividad <span class=\"_ _f\"></span>en favo<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>Ma<span class=\"_ _3\"></span>gnon <span class=\"_ _f\"></span>Biomasa, S.L.U <span class=\"_ _3\"></span>siendo <span class=\"_ _f\"></span>el valor <span class=\"_ _f\"></span>contable d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>escisi\u00f3n <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>0,1 miles <span class=\"_ _f\"></span>\u20ac mientras <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>valor <span class=\"_ _f\"></span>de mercado <span class=\"_ _f\"></span>de la <span class=\"_ _f\"></span>escisi\u00f3n se estima en 7.417 mil<span class=\"_ _3\"></span>es \u20ac.<span class=\"_ _65\"> </span>A ra\u00edz <span class=\"_ _3\"></span>de la<span class=\"_ _3\"></span> venta <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>49% de <span class=\"_ _3\"></span>las <span class=\"_ _3\"></span>participaciones <span class=\"_ _3\"></span>de Magn<span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>Green Energy,<span class=\"_ _3\"></span> S.L. <span class=\"_ _3\"></span>en 2<span class=\"_ _3\"></span>020, E<span class=\"_ _3\"></span>NCE h<span class=\"_ _3\"></span>a tributa<span class=\"_ _3\"></span>do por el 49% de la plusv<span class=\"_ _3\"></span>al\u00eda generada en las d<span class=\"_ _3\"></span>os primeras aportaciones s<span class=\"_ _3\"></span>e\u00f1aladas.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "<div class=\"gs31\"><table class=\"s w436 h1fc\" id=\"_2ceaa0d0-ad83-4061-9121-70f68b1d657c\"><tr><td></td><td></td><td class=\"c x630 y14b3 w1ea h107\"><div class=\"t_1 m0_1 x1e h20 y5b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2025<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x631 y14b3 w1ec h107\"><div class=\"t_1 m0_1 x18 h20 y5b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x622 y14b4 w1e9 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td class=\"c x630 y14b4 w15e h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activo </div></td><td class=\"c x632 y14b4 wb4 h57\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo </div></td><td class=\"c x631 y14b4 w12c h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activo </div></td><td class=\"c x633 y14b4 w1ed h57\"><div class=\"t_1 m0_1 x86 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo </div></td></tr><tr><td class=\"c x1ca y14b6 w437 h1fd\"><div class=\"t_1 m0_1 x1c9 h58 y14b5 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Partidas no corrientes-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activo por impuestos diferidos</div></td><td class=\"c x630 y14b7 w15e hca\"><div class=\"t_1 m0_1 x3d h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">112.201  </span></div></td><td class=\"c x632 y14b7 wb4 hca\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14b7 w12c hca\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">93.840  </span></div></td><td class=\"c x633 y14b7 w1ed hca\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x622 y14b8 w1e9 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo por impuestos diferidos </div></td><td class=\"c x630 y14b8 w15e h57\"><div class=\"t_1 m0_1 x31 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(33.026) </span></div></td><td class=\"c x632 y14b8 wb4 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14b8 w12c h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">   <span class=\"ls0_1\">(31.853) </span></div></td><td class=\"c x633 y14b8 w1ed h57\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x622 y14b9 w1e9 h57\"><div class=\"t_1 m0_1 x63 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x630 y14b9 w15e h57\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">79.<span class=\"lsd\">175</span>  </div></td><td class=\"c x632 y14b9 wb4 h57\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14b9 w12c h57\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">61.987 <span class=\"ls0_1\"> </span></div></td><td class=\"c x633 y14b9 w1ed h57\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y14bb w438 h1fe\"><div class=\"t_1 m0_1 x1c9 h58 y14ba ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Partidas corrientes-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hacienda P\u00fablica por IVA</div></td><td class=\"c x630 y14bc w15e h25\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">8.823  </span></div></td><td class=\"c x632 y14bc wb4 h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">3.851  </span></div></td><td class=\"c x631 y14bc w12c h25\"><div class=\"t_1 m0_1 x50 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">     <span class=\"ls0_1\">18.134  </span></div></td><td class=\"c x633 y14bc w1ed h25\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">5.506  </span></div></td></tr><tr><td class=\"c x622 y14bd w1e9 h57\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto de Sociedades del ejercicio corriente </div></td><td class=\"c x630 y14bd w15e h57\"><div class=\"t_1 m0_1 x2a h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">3.502  </span></div></td><td class=\"c x632 y14bd wb4 h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"lsd\">53 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x631 y14bd w12c h57\"><div class=\"t_1 m0_1 xe h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">6.569  </span></div></td><td class=\"c x633 y14bd w1ed h57\"><div class=\"t_1 m0_1 xf h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"lsd\">26 <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x622 y14be w1e9 h25\"><div class=\"t_1 m0_1 x10 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto a la generaci\u00f3n de electricidad </div></td><td class=\"c x630 y14be w15e h25\"><div class=\"t_1 m0_1 x2b h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x632 y14be wb4 h25\"><div class=\"t_1 m0_1 x19 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14be w12c h25\"><div class=\"t_1 m0_1 x2f h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x633 y14be w1ed h25\"><div class=\"t_1 m0_1 x56 h20 y5e ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.224  </span></div></td></tr><tr><td class=\"c x622 y14bf w1e9 hd8\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hacienda P\u00fablica por diversos conceptos </div></td><td class=\"c x630 y14bf w15e hd8\"><div class=\"t_1 m0_1 x2a h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">       <span class=\"ls0_1\">5.111  </span></div></td><td class=\"c x632 y14bf wb4 hd8\"><div class=\"t_1 m0_1 x50 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">8.483  </span></div></td><td class=\"c x631 y14bf w12c hd8\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"lsd\">421 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x633 y14bf w1ed hd8\"><div class=\"t_1 m0_1 x56 h20 y583 ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">          <span class=\"ls0_1\">4.835  </span></div></td></tr><tr><td class=\"c x622 y14c0 w1e9 h57\"><div class=\"t_1 m0_1 x63 h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x630 y14c0 w15e h57\"><div class=\"t_1 m0_1 x2_1 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">17.436 <span class=\"ls0_1\"> </span></div></td><td class=\"c x632 y14c0 wb4 h57\"><div class=\"t_1 m0_1 xc7 h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.387 <span class=\"ls0_1\"> </span></div></td><td class=\"c x631 y14c0 w12c h57\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">25.124 <span class=\"ls0_1\"> </span></div></td><td class=\"c x633 y14c0 w1ed h57\"><div class=\"t_1 m0_1 x1f h58 y5e ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.591 <span class=\"ls0_1\"> </span></div></td></tr></table></div><table class=\"s w440 h201\" id=\"_f9d4f237-4b3a-45da-84e5-4ee33891b4e5\"><tr><td></td><td></td><td class=\"c x63d y14dd w31 h24\"><div class=\"t_1 m0_1 x2e h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td></tr><tr><td></td><td class=\"c x63d y14de w1f1 h24\"><div class=\"t_1 m0_1 x3a h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x63e y14de w1f2 h24\"><div class=\"t_1 m0_1 x1f h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x637 y14df w1f0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto corriente y otros </div></td><td class=\"c x63d y14df w1f1 h24\"><div class=\"t_1 m0_1 x35 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\"></span><span class=\"lsd\">54</span>0  </div></td><td class=\"c x63e y14df w1f2 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">6.827  </span></div></td></tr><tr><td class=\"c x637 y14e0 w1f0 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por impuesto diferido </div></td><td class=\"c x63d y14e0 w1f1 h24\"><div class=\"t_1 m0_1 xc7 h20 y579 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ls31\">(</span><span class=\"ls31\">1</span>9.956) </div></td><td class=\"c x63e y14e0 w1f2 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">5.403  </span></div></td></tr><tr><td class=\"c x637 y14e1 w1f0 h24\"><div class=\"t_1 m0_1 x2b h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto / (Ingreso)  por Impuesto sobre Beneficio<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> </div></td><td class=\"c x63d y14e1 w1f1 h24\"><div class=\"t_1 m0_1 x30 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ls2e\">(</span><span class=\"ls2e\">1</span>9.<span class=\"lsd\">416</span>) </div></td><td class=\"c x63e y14e1 w1f2 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">             <span class=\"lsd\">12.230<span class=\"ls0_1\">  </span></span></div></td></tr></table>32.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\"> Activos y pasivos por i<span class=\"_ _2\"></span>mpuesto diferido recon<span class=\"_ _2\"></span>ocidos </span></span>Las <span class=\"_ _f\"></span>variaciones <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>han <span class=\"_ _f\"></span>producido <span class=\"_ _f\"></span>durante <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>ejercicios <span class=\"_ _f\"></span>202<span class=\"_ _3\"></span>5 <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>20<span class=\"_ _3\"></span>24 <span class=\"_ _f\"></span>en <span class=\"_ _f\"></span>estos <span class=\"_ _f\"></span>ep\u00edgrafes <span class=\"_ _f\"></span>del <span class=\"_ _3\"></span>E<span class=\"_ _3\"></span>stado <span class=\"_ _f\"></span>de Situaci\u00f3n Financiera Cons<span class=\"_ _3\"></span>olidado han<span class=\"_ _3\"></span> sido las siguientes:<span class=\"_ _3\"></span> Activos por Impuesto D<span class=\"_ _3\"></span>iferido<span class=\"_ _3\"></span> Miles de Euros <table class=\"s w441 h202\" id=\"_7921c2e7-fcaa-4a79-a2e0-d73b216dbc4b\"><tr><td class=\"c x227 y14e2 w180 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td><td class=\"c x63f y14e3 w442 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x641 y14e4 w443 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x640 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones<span class=\"_ _65\"> </span></div></td><td class=\"c x642 y14e3 w444 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos<span class=\"_ _65\"> </span></div></td><td class=\"c x643 y14e3 w442 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x644 y14e5 w445 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2025<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x645 y14e5 w446 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x646 y14e5 w445 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x1ca y14e7 w447 h203\"><div class=\"t_1 m0_1 x1c9 h58 y14e6 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en resultad<span class=\"_ _2\"></span>os-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro en activos no corrientes<span class=\"_ _65\"> </span></div></td><td class=\"c x647 y14e8 w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.276 </div></td><td class=\"c x648 y14e8 w1f4 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x649 y14e8 w1f5 h24\"><div class=\"t_1 m0_1 x1d h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (69) </div></td><td class=\"c x64a y14e8 w1f3 h24\"><div class=\"t_1 m0_1 xe h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.000) </div></td><td class=\"c x585 y14e8 wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.207  </div></td></tr><tr><td class=\"c x227 y14e9 w180 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones  </div></td><td class=\"c x647 y14e9 w13b h5c\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.196 </div></td><td class=\"c x648 y14e9 w1f4 h5c\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">795 </span> </div></td><td class=\"c x649 y14e9 w1f5 h5c\"><div class=\"t_1 m0_1 x1e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.299) </div></td><td class=\"c x64a y14e9 w1f3 h5c\"><div class=\"t_1 m0_1 x13 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">965 </span> </div></td><td class=\"c x585 y14e9 wba h5c\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.657  </div></td></tr><tr><td class=\"c x227 y14ea w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compromisos con el personal </div></td><td class=\"c x647 y14ea w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.365 </div></td><td class=\"c x648 y14ea w1f4 h24\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 6.225  </div></td><td class=\"c x649 y14ea w1f5 h24\"><div class=\"t_1 m0_1 x1d h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (27) </div></td><td class=\"c x64a y14ea w1f3 h24\"><div class=\"t_1 m0_1 xb3 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">38 </span> </div></td><td class=\"c x585 y14ea wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 8.601  </div></td></tr><tr><td class=\"c x227 y14eb w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro activos corrientes </div></td><td class=\"c x647 y14eb w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.641 </div></td><td class=\"c x648 y14eb w1f4 h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">921 </span> </div></td><td class=\"c x649 y14eb w1f5 h24\"><div class=\"t_1 m0_1 x1d h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (57) </div></td><td class=\"c x64a y14eb w1f3 h24\"><div class=\"t_1 m0_1 x13 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">966 </span> </div></td><td class=\"c x585 y14eb wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.471  </div></td></tr><tr><td class=\"c x227 y14ec w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Limitaci\u00f3n gastos financieros y otros </div></td><td class=\"c x647 y14ec w13b h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x648 y14ec w1f4 h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x649 y14ec w1f5 h24\"><div class=\"t_1 m0_1 x1d h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (18) </div></td><td class=\"c x64a y14ec w1f3 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x585 y14ec wba h24\"><div class=\"t_1 m0_1 x35 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td></tr><tr><td class=\"c x227 y14ed w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"lsd\">16</span><span class=\"lsd\">)</span> </div></td><td class=\"c x647 y14ed w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.513 </div></td><td class=\"c x648 y14ed w1f4 h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">819 </span> </div></td><td class=\"c x649 y14ed w1f5 h24\"><div class=\"t_1 m0_1 xe8 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x64a y14ed w1f3 h24\"><div class=\"t_1 m0_1 x2e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x585 y14ed wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 9.332  </div></td></tr><tr><td class=\"c x227 y14ee w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedades no residentes y ajustes de consolidaci\u00f3n </div></td><td class=\"c x647 y14ee w13b h24\"><div class=\"t_1 m0_1 x20 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.992 </div></td><td class=\"c x648 y14ee w1f4 h24\"><div class=\"t_1 m0_1 x44 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x649 y14ee w1f5 h24\"><div class=\"t_1 m0_1 x1e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.113) </div></td><td class=\"c x64a y14ee w1f3 h24\"><div class=\"t_1 m0_1 x20 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">1 </span> </div></td><td class=\"c x585 y14ee wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.880  </div></td></tr><tr><td class=\"c x227 y14ef w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bases Imponibles Negativas </div></td><td class=\"c x647 y14ef w13b h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58.138 </div></td><td class=\"c x648 y14ef w1f4 h24\"><div class=\"t_1 m0_1 x2b h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 10.253  </div></td><td class=\"c x649 y14ef w1f5 h24\"><div class=\"t_1 m0_1 x1e h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (1.070) </div></td><td class=\"c x64a y14ef w1f3 h24\"><div class=\"t_1 m0_1 x2f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.962 </div></td><td class=\"c x585 y14ef wba h24\"><div class=\"t_1 m0_1 x1f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 70.283  </div></td></tr><tr><td class=\"c x227 y14f0 w180 h7f\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deducciones </div></td><td class=\"c x647 y14f0 w13b h7f\"><div class=\"t_1 m0_1 x22 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.704 </div></td><td class=\"c x648 y14f0 w1f4 h7f\"><div class=\"t_1 m0_1 x2_1 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1.213  </div></td><td class=\"c x649 y14f0 w1f5 h7f\"><div class=\"t_1 m0_1 x1d h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (97) </div></td><td class=\"c x64a y14f0 w1f3 h7f\"><div class=\"t_1 m0_1 x13 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">258 </span> </div></td><td class=\"c x585 y14f0 wba h7f\"><div class=\"t_1 m0_1 x1f h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 13.078  </div></td></tr><tr><td></td><td class=\"c x647 y14f1 w13b h66\"><div class=\"t_1 m0_1 x22 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">90.843<span class=\"ls0_1\"> </span></div></td><td class=\"c x648 y14f1 w1f4 h66\"><div class=\"t_1 m0_1 x1_1 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">20.226 </span> </div></td><td class=\"c x649 y14f1 w1f5 h66\"><div class=\"t_1 m0_1 xb3 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (3.750) </div></td><td class=\"c x64a y14f1 w1f3 h66\"><div class=\"t_1 m0_1 x2f h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">4.190</span>  </div></td><td class=\"c x585 y14f1 wba h66\"><div class=\"t_1 m0_1 x2b h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 1<span class=\"lsd\">11</span>.<span class=\"lsd\">509</span>  </div></td></tr></table>Impuestos diferidos de activo reconocidos en patri<span class=\"_ _2\"></span>monio<table class=\"s w448 h204\" id=\"_a717c438-a056-4d85-98b4-f2dd8dad82d3\"><tr><td class=\"c x64b y14f2 w180 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30) </div></td><td></td><td class=\"c x64c y14f2 w13b h66\"><div class=\"t_1 m0_1 x20 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.997 </div></td><td class=\"c x64d y14f2 w1f4 h66\"><div class=\"t_1 m0_1 xcb h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">23 </span> </div></td><td class=\"c x64e y14f2 w1f5 h66\"><div class=\"t_1 m0_1 x1e h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2.328) </div></td><td class=\"c x64f y14f2 w1f3 h66\"><div class=\"t_1 m0_1 x2e h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x650 y14f2 wba h66\"><div class=\"t_1 m0_1 x11 h20 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">692 </span> </div></td></tr><tr><td></td><td></td><td class=\"c x64c y14f3 w13b h7f\"><div class=\"t_1 m0_1 x11 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.997<span class=\"ls0_1\"> </span></div></td><td class=\"c x64d y14f3 w1f4 h7f\"><div class=\"t_1 m0_1 xcb h58 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">23 </span><span class=\"ff2\"> </span></div></td><td class=\"c x64e y14f3 w1f5 h7f\"><div class=\"t_1 m0_1 x1e h58 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2.328)<span class=\"ff2\"> </span></div></td><td class=\"c x64f y14f3 w1f3 h7f\"><div class=\"t_1 m0_1 x2e h58 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> - <span class=\"ff2\"> </span></div></td><td class=\"c x650 y14f3 wba h7f\"><div class=\"t_1 m0_1 x11 h58 y6b2 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">692 </span><span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x64b y14f4 w180 h66\"><div class=\"t_1 m0_1 x10 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td></td><td class=\"c x64c y14f4 w13b h66\"><div class=\"t_1 m0_1 x22 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">93.840<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x650 y14f4 wba h66\"><div class=\"t_1 m0_1 x2f h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"lsd\">12</span>.<span class=\"lsd\">201</span> </div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x651 y14f5 w1f6 h66\"><div class=\"t_1 m0_1 xab h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td></td></tr><tr><td class=\"c x46c y14f6 w180 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></td><td></td><td class=\"c x652 y14f7 w449 h205\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x653 y14f8 w442 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td class=\"c x378 y14f8 w44a h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del<span class=\"_ _65\"> </span></div></td><td class=\"c x654 y14f9 w1f4 hba\"><div class=\"t_1 m0_1 x10 h58 y574 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></td><td class=\"c x655 y14f9 w1f5 hba\"><div class=\"t_1 m0_1 x10 h58 y574 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></td><td class=\"c x656 y14f8 w444 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos<span class=\"_ _65\"> </span></div></td><td class=\"c x657 y14f8 w442 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x658 y14fa w445 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x659 y14fa w44b h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x65a y14fa w446 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x65b y14fa w445 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x65c y14fb w44c h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ca y14fd w447 h206\"><div class=\"t_1 m0_1 x1c9 h58 y14fc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en resultad<span class=\"_ _2\"></span>os-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n de activos no corrientes<span class=\"_ _65\"> </span></div></td><td class=\"c x65d y14fe w6_1 h5c\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">939<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y14fe w1f7 h5c\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y14fe w1f4 h5c\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x655 y14fe w1f5 h5c\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(940) </div></td><td class=\"c x65f y14fe w1f3 h5c\"><div class=\"t_1 m0_1 x2e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x660 y14fe wba h5c\"><div class=\"t_1 m0_1 x1a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x46c y14ff w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro en activos no corrientes </div></td><td class=\"c x65d y14ff w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.819 </div></td><td class=\"c x65e y14ff w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y14ff w1f4 h24\"><div class=\"t_1 m0_1 x18 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">245<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y14ff w1f5 h24\"><div class=\"t_1 m0_1 x11 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.788) </div></td><td class=\"c x65f y14ff w1f3 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y14ff wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.276 </div></td></tr><tr><td class=\"c x46c y1500 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones  </div></td><td class=\"c x65d y1500 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.625 </div></td><td class=\"c x65e y1500 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1500 w1f4 h24\"><div class=\"t_1 m0_1 x18 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">927<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1500 w1f5 h24\"><div class=\"t_1 m0_1 x11 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.356) </div></td><td class=\"c x65f y1500 w1f3 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y1500 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.196 </div></td></tr><tr><td class=\"c x46c y1501 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compromisos con el personal </div></td><td class=\"c x65d y1501 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.889 </div></td><td class=\"c x65e y1501 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1501 w1f4 h24\"><div class=\"t_1 m0_1 x18 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">507<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1501 w1f5 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(100) </div></td><td class=\"c x65f y1501 w1f3 h24\"><div class=\"t_1 m0_1 xcb h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">69<span class=\"ls0_1\"> </span></div></td><td class=\"c x660 y1501 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.365 </div></td></tr><tr><td class=\"c x46c y1502 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro activos corrientes </div></td><td class=\"c x65d y1502 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.457 </div></td><td class=\"c x65e y1502 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1502 w1f4 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.362 </div></td><td class=\"c x655 y1502 w1f5 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(65) </div></td><td class=\"c x65f y1502 w1f3 h24\"><div class=\"t_1 m0_1 x1f h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(113) </div></td><td class=\"c x660 y1502 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.641 </div></td></tr><tr><td class=\"c x46c y1503 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Limitaci\u00f3n gastos financieros y otros </div></td><td class=\"c x65d y1503 w6_1 h24\"><div class=\"t_1 m0_1 x1a h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y1503 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1503 w1f4 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x655 y1503 w1f5 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(42) </div></td><td class=\"c x65f y1503 w1f3 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y1503 wba h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x46c y1504 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"lsd\">16</span><span class=\"lsd\">)</span> </div></td><td class=\"c x65d y1504 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.074 </div></td><td class=\"c x65e y1504 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1504 w1f4 h24\"><div class=\"t_1 m0_1 x18 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">503<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1504 w1f5 h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(64) </div></td><td class=\"c x65f y1504 w1f3 h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y1504 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.513 </div></td></tr><tr><td class=\"c x46c y1505 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedades no residentes y ajustes de consolidaci\u00f3n </div></td><td class=\"c x65d y1505 w6_1 h24\"><div class=\"t_1 m0_1 x20 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.139 </div></td><td class=\"c x65e y1505 w1f7 h24\"><div class=\"t_1 m0_1 x41 h20 y5e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y1505 w1f4 h24\"><div class=\"t_1 m0_1 x44 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x655 y1505 w1f5 h24\"><div class=\"t_1 m0_1 x58 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(147) </div></td><td class=\"c x65f y1505 w1f3 h24\"><div class=\"t_1 m0_1 x1e h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></td><td class=\"c x660 y1505 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.992 </div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x660 y1506 wba h1d\"><div class=\"t_1 m0_1 x1a h20 y80 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff1_1 fs3\"> </span></div></td></tr><tr><td class=\"c x46c y1507 w180 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bases Imponibles Negativas </div></td><td class=\"c x65d y1507 w6_1 h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">60.275 </div></td><td class=\"c x65e y1507 w1f7 h24\"><div class=\"t_1 m0_1 x44 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">917<span class=\"ls0_1\"> </span></div></td><td class=\"c x654 y1507 w1f4 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.486 </div></td><td class=\"c x655 y1507 w1f5 h24\"><div class=\"t_1 m0_1 x11 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(4.280) </div></td><td class=\"c x65f y1507 w1f3 h24\"><div class=\"t_1 m0_1 x1f h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(260) </div></td><td class=\"c x660 y1507 wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">58.138 </div></td></tr><tr><td class=\"c x46c y1508 w180 h7f\"><div class=\"t_1 m0_1 x10 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deducciones </div></td><td class=\"c x65d y1508 w6_1 h7f\"><div class=\"t_1 m0_1 x22 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.278 </div></td><td class=\"c x65e y1508 w1f7 h7f\"><div class=\"t_1 m0_1 x57 h20 y5e ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">69<span class=\"ls0_1\"> </span></div></td><td class=\"c x654 y1508 w1f4 h7f\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">669<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1508 w1f5 h7f\"><div class=\"t_1 m0_1 x11 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.819) </div></td><td class=\"c x65f y1508 w1f3 h7f\"><div class=\"t_1 m0_1 x2_1 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.507 </div></td><td class=\"c x660 y1508 wba h7f\"><div class=\"t_1 m0_1 x3a h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">11.704 </div></td></tr><tr><td></td><td class=\"c x65d y1509 w6_1 h66\"><div class=\"t_1 m0_1 x22 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.555<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y1509 w1f7 h66\"><div class=\"t_1 m0_1 x44 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">986<span class=\"ls0_1\"> </span></div></td><td class=\"c x654 y1509 w1f4 h66\"><div class=\"t_1 m0_1 x1f h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.700<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y1509 w1f5 h66\"><div class=\"t_1 m0_1 xc7 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(12.601) </div></td><td class=\"c x65f y1509 w1f3 h66\"><div class=\"t_1 m0_1 x2_1 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.203<span class=\"ls0_1\"> </span></div></td><td class=\"c x660 y1509 wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">90.843<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y150b w44d h207\"><div class=\"t_1 m0_1 x1c9 h58 y150a ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en patri<span class=\"_ _2\"></span>monio-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30)<span class=\"_ _65\"> </span></div></td><td class=\"c x65d y150c w6_1 h7f\"><div class=\"t_1 m0_1 x58 h20 y583 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">441<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y150c w1f7 h7f\"><div class=\"t_1 m0_1 x41 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y150c w1f4 h7f\"><div class=\"t_1 m0_1 x1f h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.556 </div></td><td class=\"c x655 y150c w1f5 h7f\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x65f y150c w1f3 h7f\"><div class=\"t_1 m0_1 x15 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y150c wba h7f\"><div class=\"t_1 m0_1 xc7 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.997 </div></td></tr><tr><td></td><td class=\"c x65d y150d w6_1 he4\"><div class=\"t_1 m0_1 x58 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">441<span class=\"ls0_1\"> </span></div></td><td class=\"c x65e y150d w1f7 he4\"><div class=\"t_1 m0_1 x41 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x654 y150d w1f4 he4\"><div class=\"t_1 m0_1 x1f h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.556<span class=\"ls0_1\"> </span></div></td><td class=\"c x655 y150d w1f5 he4\"><div class=\"t_1 m0_1 x37 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x65f y150d w1f3 he4\"><div class=\"t_1 m0_1 x15 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x660 y150d wba he4\"><div class=\"t_1 m0_1 xc7 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.997<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x46c y150e w180 h66\"><div class=\"t_1 m0_1 x10 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x65d y150e w6_1 h66\"><div class=\"t_1 m0_1 x22 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">94.996<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x660 y150e wba h66\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">93.840<span class=\"ls0_1\"> </span></div></td></tr></table>La <span class=\"_ _f\"></span>Ley <span class=\"_ _f\"></span>27/2014, <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>27 <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>noviembre, <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Impuesto<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>sobre <span class=\"_ _f\"></span>Sociedades <span class=\"_ _f\"></span>elimin\u00f3 <span class=\"_ _f\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>efectos <span class=\"_ _f\"></span>1 <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>enero <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>el 2015 <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>plazo <span class=\"_ _f\"></span>establecido <span class=\"_ _f\"></span>para <span class=\"_ _f\"></span>la <span class=\"_ _0\"></span>compensaci\u00f3n <span class=\"_ _f\"></span>de <span class=\"_ _f\"></span>las <span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>ases <span class=\"_ _f\"></span>imponibles <span class=\"_ _f\"></span>negativas, <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>lo <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>pas<span class=\"_ _3\"></span>\u00f3 <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>ser ilimitado, y ampli\u00f3 al menos<span class=\"_ _3\"></span> a 15 a\u00f1os el plaz<span class=\"_ _3\"></span>o gen<span class=\"_ _3\"></span>eral de compensaci\u00f3n de las<span class=\"_ _3\"></span> deducciones.<span class=\"_ _3\"></span> ENCE <span class=\"_ _1a\"> </span>s<span class=\"_ _3\"></span>\u00f3lo <span class=\"_ _1a\"> </span>reconoce <span class=\"_ _1a\"> </span>activo<span class=\"_ _3\"></span>s <span class=\"_ _1a\"> </span>por <span class=\"_ _1a\"> </span>impu<span class=\"_ _3\"></span>esto <span class=\"_ _1a\"> </span>diferido <span class=\"_ _1a\"> </span>cuando <span class=\"_ _18\"> </span>considera <span class=\"_ _1a\"> </span>probable <span class=\"_ _1a\"> </span>que <span class=\"_ _1a\"> </span>las<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>entidades (individualmente  o  de <span class=\"_ _13\"> </span>forma <span class=\"_ _13\"> </span>consolidada)  que  los<span class=\"_ _2\"></span>  han <span class=\"_ _13\"> </span>generado <span class=\"_ _13\"> </span>van  a <span class=\"_ _13\"> </span>tener <span class=\"_ _13\"> </span>en  el <span class=\"_ _13\"> </span>futuro  s<span class=\"_ _2\"></span>uficientes ganancias <span class=\"_ _0\"></span>fiscales <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>hacerlos <span class=\"_ _0\"></span>efectivos. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>senti<span class=\"_ _f\"></span>do, <span class=\"_ _f\"></span>en <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>contab<span class=\"_ _3\"></span>le <span class=\"_ _f\"></span>se <span class=\"_ _0\"></span>revisan<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>los<span class=\"_ _3\"></span> impuestos <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>iferidos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activo <span class=\"_ _10\"></span>registrados, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>fin <span class=\"_ _10\"></span>de <span class=\"_ _f\"></span>co<span class=\"_ _3\"></span>mprobar <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>mantienen <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>igentes <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>que <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e consideran <span class=\"_ _2\"></span>recuperables <span class=\"_ _2\"></span>en <span class=\"_ _d\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>plazo<span class=\"_ _3\"></span> <span class=\"_ _d\"></span>ap<span class=\"_ _3\"></span>roximado <span class=\"_ _2\"></span>de <span class=\"_ _d\"></span>10 <span class=\"_ _2\"></span>a\u00f1os. <span class=\"_ _d\"></span>Dicho<span class=\"_ _3\"></span>s <span class=\"_ _2\"></span>an\u00e1lisis <span class=\"_ _d\"></span>se <span class=\"_ _2\"></span>basan <span class=\"_ _2\"></span>en: <span class=\"_ _d\"></span>(i) <span class=\"_ _2\"></span>la <span class=\"_ _d\"></span>con<span class=\"_ _3\"></span>sideraci\u00f3n de<span class=\"ls0_1\"> <span class=\"_ _2\"></span>hip\u00f3tesis para <span class=\"_ _2\"></span>concluir sobre <span class=\"_ _2\"></span>existencia de <span class=\"_ _2\"></span>suficientes ganancias fiscales <span class=\"_ _2\"></span>que permitan <span class=\"_ _d\"></span>compens<span class=\"_ _3\"></span>ar dichas </span>p\u00e9rdidas fiscales; y (ii) el per\u00edodo y l\u00edmites <span class=\"_ _2\"></span>establecidos en la legislaci\u00f3n para la recuperaci\u00f3n de los cr\u00e9ditos fiscales. Los <span class=\"_ _f\"></span>flujos <span class=\"_ _f\"></span>prev<span class=\"_ _3\"></span>istos <span class=\"_ _f\"></span>permiten <span class=\"_ _f\"></span>concluir <span class=\"_ _f\"></span>que <span class=\"_ _f\"></span>los <span class=\"_ _f\"></span>activos <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>impuesto <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>iferido <span class=\"_ _f\"></span>del <span class=\"_ _f\"></span>Grupo <span class=\"_ _f\"></span>reconocidos <span class=\"_ _f\"></span>como<span class=\"_ _3\"></span> activo <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>recuperables <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>lazo <span class=\"_ _0\"></span>aproximado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>10 <span class=\"_ _0\"></span>a\u00f1o<span class=\"_ _3\"></span>s. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>importe <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>diferencias <span class=\"_ _0\"></span>temporales <span class=\"_ _0\"></span>y<span class=\"_ _3\"></span> bases <span class=\"_ _3\"></span>imponibles <span class=\"_ _3\"></span>negativas <span class=\"_ _3\"></span>acreditad<span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Espa\u00f1a y<span class=\"_ _f\"></span> no <span class=\"_ _3\"></span>reconocidas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>Estado <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Situaci\u00f3n <span class=\"_ _3\"></span>financiera <span class=\"_ _3\"></span>al 31 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>diciembre <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>2025 <span class=\"_ _3\"></span>asci<span class=\"_ _3\"></span>ende <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>una <span class=\"_ _3\"></span>base <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>71,1 <span class=\"_ _f\"></span><span class=\"ff6\">millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>y <span class=\"_ _3\"></span>(42,6 <span class=\"_ _f\"></span>millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>diciembre <span class=\"_ _f\"></span>de </span>2024)<span class=\"ls0_1\"> <span class=\"_ _3\"></span><span class=\"ff6\">y <span class=\"_ _f\"></span>una <span class=\"_ _f\"></span>cuota <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>17,8 <span class=\"_ _f\"></span>millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _f\"></span>de <span class=\"_ _3\"></span>dicie<span class=\"_ _3\"></span>mbre <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>2025 <span class=\"_ _f\"></span>(10,65 <span class=\"_ _f\"></span>millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _f\"></span>al <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>dicie<span class=\"_ _f\"></span></span>mbre <span class=\"_ _3\"></span>de </span>2024)<span class=\"ff6 ls0_1\">. <span class=\"_ _3\"></span>Adicionalmente, <span class=\"_ _3\"></span>no <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>reconocen las<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>BIN\u00b4s <span class=\"_ _3\"></span>acreditadas <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Portugal p<span class=\"_ _3\"></span>or importe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>1,1 <span class=\"_ _3\"></span>millones <span class=\"_ _3\"></span>\u20ac <span class=\"_ _3\"></span>al </span>cierre de 2025 <span class=\"ff6\">(cuota<span class=\"_ _3\"></span> de 0,3 millones \u20ac)</span>.<span class=\"_ _65\"> </span><div class=\"c w3_1 h3d gsa3\"><div class=\"t_1 m0_1 x21 h7_1 y1d2 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Tienen <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>car\u00e1cter <span class=\"_ _10\"></span>previo <span class=\"_ _10\"> </span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>incorporaci\u00f3n <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>Grupo, <span class=\"_ _10\"></span>BIN\u00b4s <span class=\"_ _10\"></span>pendientes <span class=\"_ _10\"> </span>de <span class=\"_ _10\"></span>aprovechamiento <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de </div><div class=\"t_1 m0_1 x21 h7_1 y1d3 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">diciembre de 2025 por importe de 29,7 millones<span class=\"_ _3\"></span> \u20ac (cuota d<span class=\"_ _3\"></span>e 7,43 millones \u20ac)<span class=\"ff3\"> y d<span class=\"_ _3\"></span>educciones por importe de </span></div><div class=\"t_1 m0_1 x21 h7_1 y1d4 ff6 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">5,3 millones \u20ac<span class=\"ff3\">  en cuota<span class=\"_ _3\"></span>. </span></div><div class=\"t_1 m0_1 x6d h4a y1d5 ff8 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por Impuesto<span class=\"_ _3\"></span> Diferido </div></div><div class=\"c w1fa h66 gsa4\"><div class=\"t_1 m0_1 x151 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"gsa5\"><table class=\"s w44e h208\" id=\"_f3a36ce6-dc9d-4923-bd8b-5de93a5a8d53\"><tr><td class=\"c x28c y150f w1f9 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2025 </div></td><td class=\"c x661 y1510 w442 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x662 y1510 w444 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos<span class=\"_ _65\"> </span></div></td><td class=\"c x663 y1510 w442 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1511 w1f9 h24\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en resultados- </div></td><td class=\"c x664 y1512 w445 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2025<span class=\"_ _65\"> </span></div></td><td class=\"c x665 y1513 w16c h9a\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></td><td class=\"c x666 y1513 w8_1 h9a\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></td><td class=\"c x667 y1512 w446 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x668 y1512 w445 h171\"><div class=\"t_1 m0_1 x1c9 h58 yffc ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2025<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1514 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Libertad de amortizaci\u00f3n (RDL 4/2004) </div></td><td class=\"c x669 y1514 wba h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">258<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1514 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y1514 w8_1 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(121) </div></td><td class=\"c x66a y1514 w15e h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1514 wba h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">137<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y1515 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros </div></td><td class=\"c x669 y1515 wba h24\"><div class=\"t_1 m0_1 x35 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td><td class=\"c x665 y1515 w16c h24\"><div class=\"t_1 m0_1 x20 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">250 </span> </div></td><td class=\"c x666 y1515 w8_1 h24\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66a y1515 w15e h24\"><div class=\"t_1 m0_1 x18 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">174 </span> </div></td><td class=\"c x66b y1515 wba h24\"><div class=\"t_1 m0_1 x11 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">426 </span> </div></td></tr><tr><td class=\"c x28c y1516 w1f9 h5c\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></td><td class=\"c x669 y1516 wba h5c\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x665 y1516 w16c h5c\"><div class=\"t_1 m0_1 x35 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x666 y1516 w8_1 h5c\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66a y1516 w15e h5c\"><div class=\"t_1 m0_1 x58 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66b y1516 wba h5c\"><div class=\"t_1 m0_1 x35 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td></tr><tr><td class=\"c x28c y1517 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"lsd\">16</span><span class=\"lsd\">)</span> </div></td><td class=\"c x669 y1517 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.216 </div></td><td class=\"c x665 y1517 w16c h24\"><div class=\"t_1 m0_1 x20 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">570 </span> </div></td><td class=\"c x666 y1517 w8_1 h24\"><div class=\"t_1 m0_1 x37 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66a y1517 w15e h24\"><div class=\"t_1 m0_1 x58 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66b y1517 wba h24\"><div class=\"t_1 m0_1 x30 h20 y583 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 8.786  </div></td></tr><tr><td class=\"c x28c y1518 w1f9 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></td><td class=\"c x669 y1518 wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.297 </div></td><td class=\"c x665 y1518 w16c h66\"><div class=\"t_1 m0_1 x1d h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">5 </span> </div></td><td class=\"c x666 y1518 w8_1 h66\"><div class=\"t_1 m0_1 x16 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (7) </div></td><td class=\"c x66a y1518 w15e h66\"><div class=\"t_1 m0_1 x3a h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (120) </div></td><td class=\"c x66b y1518 wba h66\"><div class=\"t_1 m0_1 x30 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.175  </div></td></tr><tr><td></td><td class=\"c x669 y1519 wba h66\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.773<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1519 w16c h66\"><div class=\"t_1 m0_1 x20 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">825 </span> </div></td><td class=\"c x666 y1519 w8_1 h66\"><div class=\"t_1 m0_1 x58 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (128) </div></td><td class=\"c x66a y1519 w15e h66\"><div class=\"t_1 m0_1 x20 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">54 </span> </div></td><td class=\"c x66b y1519 wba h66\"><div class=\"t_1 m0_1 x2_1 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">11.524 </span> </div></td></tr><tr><td class=\"c x1ca y151a w44f h209\"><div class=\"t_1 m0_1 x1c9 h58 y1148 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en patrimonio-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Revalorizaci\u00f3n suelos forestales (Nota 16.3)<span class=\"_ _65\"> </span></div></td><td class=\"c x669 y151b wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></td><td class=\"c x665 y151b w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y151b w8_1 h24\"><div class=\"t_1 m0_1 x1b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66a y151b w15e h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y151b wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></td></tr><tr><td class=\"c x28c y151c w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></td><td class=\"c x669 y151c wba h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.987 </div></td><td class=\"c x665 y151c w16c h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">439<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y151c w8_1 h24\"><div class=\"t_1 m0_1 x1b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66a y151c w15e h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y151c wba h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.426 </div></td></tr><tr><td class=\"c x28c y151d w1f9 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></td><td class=\"c x669 y151d wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.583 </div></td><td class=\"c x665 y151d w16c h66\"><div class=\"t_1 m0_1 x30 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 2.225  </div></td><td class=\"c x666 y151d w8_1 h66\"><div class=\"t_1 m0_1 x11 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2.242) </div></td><td class=\"c x66a y151d w15e h66\"><div class=\"t_1 m0_1 x58 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66b y151d wba h66\"><div class=\"t_1 m0_1 x30 h20 y37 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> 5.566  </div></td></tr><tr><td></td><td class=\"c x669 y151e wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">21.080<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y151e w16c h66\"><div class=\"t_1 m0_1 x30 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">2.664 </span> </div></td><td class=\"c x666 y151e w8_1 h66\"><div class=\"t_1 m0_1 x11 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> (2.242) </div></td><td class=\"c x66a y151e w15e h66\"><div class=\"t_1 m0_1 x58 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> -  </div></td><td class=\"c x66b y151e wba h66\"><div class=\"t_1 m0_1 x2_1 h58 y6b2 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"lsd\">21.502 </span> </div></td></tr><tr><td class=\"c x28c y151f w1f9 h66\"><div class=\"t_1 m0_1 x10 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x669 y151f wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.853<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x66b y151f wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">33.026<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x669 y1520 w1fa h66\"><div class=\"t_1 m0_1 x151 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></td><td></td><td></td></tr><tr><td class=\"c x28c y1521 w1f9 h5c\"><div class=\"t_1 m0_1 x10 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></td><td class=\"c x661 y1522 w442 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x662 y1522 w444 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos<span class=\"_ _65\"> </span></div></td><td class=\"c x663 y1522 w442 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1523 w1f9 h24\"><div class=\"t_1 m0_1 x10 h58 y77 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en resultados- </div></td><td class=\"c x664 y1524 w445 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2024<span class=\"_ _65\"> </span></div></td><td class=\"c x665 y1525 w16c h8b\"><div class=\"t_1 m0_1 xf h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></td><td class=\"c x666 y1525 w8_1 h8b\"><div class=\"t_1 m0_1 x3d h58 y5e ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></td><td class=\"c x667 y1524 w446 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros<span class=\"_ _65\"> </span></div></td><td class=\"c x668 y1524 w445 h16e\"><div class=\"t_1 m0_1 x1c9 h58 yff3 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x28c y1526 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Libertad de amortizaci\u00f3n (RDL 4/2004) </div></td><td class=\"c x669 y1526 wba h24\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">379<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1526 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y1526 w8_1 h24\"><div class=\"t_1 m0_1 x57 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(121) </div></td><td class=\"c x66a y1526 w15e h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1526 wba h24\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">258<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y1527 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros </div></td><td class=\"c x669 y1527 wba h24\"><div class=\"t_1 m0_1 x15 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">18<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1527 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y1527 w8_1 h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(16) </div></td><td class=\"c x66a y1527 w15e h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1527 wba h24\"><div class=\"t_1 m0_1 x35 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></td></tr><tr><td class=\"c x28c y1528 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></td><td class=\"c x669 y1528 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.926 </div></td><td class=\"c x665 y1528 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y1528 w8_1 h24\"><div class=\"t_1 m0_1 x1b h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66a y1528 w15e h24\"><div class=\"t_1 m0_1 xc h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.926) </div></td><td class=\"c x66b y1528 wba h24\"><div class=\"t_1 m0_1 x1a h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y1529 w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"lsd\">16</span><span class=\"lsd\">)</span> </div></td><td class=\"c x669 y1529 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">7.887 </div></td><td class=\"c x665 y1529 w16c h24\"><div class=\"t_1 m0_1 x14 h20 y77 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">399<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y1529 w8_1 h24\"><div class=\"t_1 m0_1 x32 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(70) </div></td><td class=\"c x66a y1529 w15e h24\"><div class=\"t_1 m0_1 x1d h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1529 wba h24\"><div class=\"t_1 m0_1 xc7 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.216 </div></td></tr><tr><td class=\"c x28c y152a w1f9 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></td><td class=\"c x669 y152a wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.838 </div></td><td class=\"c x665 y152a w16c h66\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">585<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y152a w8_1 h66\"><div class=\"t_1 m0_1 x32 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(86) </div></td><td class=\"c x66a y152a w15e h66\"><div class=\"t_1 m0_1 xb3 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(40) </div></td><td class=\"c x66b y152a wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2.297 </div></td></tr><tr><td></td><td class=\"c x669 y152b wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.048<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y152b w16c h66\"><div class=\"t_1 m0_1 x14 h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">984<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y152b w8_1 h66\"><div class=\"t_1 m0_1 x57 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(293) </div></td><td class=\"c x66a y152b w15e h66\"><div class=\"t_1 m0_1 x2f h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.966) </div></td><td class=\"c x66b y152b wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">10.773<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x1ca y152c w44f h20a\"><div class=\"t_1 m0_1 x1c9 h58 y115a ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en patrimonio-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Revalorizaci\u00f3n suelos forestales (Nota 16.3)<span class=\"_ _65\"> </span></div></td><td class=\"c x669 y152d wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></td><td class=\"c x665 y152d w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y152d w8_1 h24\"><div class=\"t_1 m0_1 x1b h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66a y152d w15e h24\"><div class=\"t_1 m0_1 x1d h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y152d wba h24\"><div class=\"t_1 m0_1 x3a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></td></tr><tr><td class=\"c x28c y152e w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30) </div></td><td class=\"c x669 y152e wba h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">968<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y152e w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x666 y152e w8_1 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(969) </div></td><td class=\"c x66a y152e w15e h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></td><td class=\"c x66b y152e wba h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x28c y152f w1f9 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></td><td class=\"c x669 y152f wba h24\"><div class=\"t_1 m0_1 x1a h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x665 y152f w16c h24\"><div class=\"t_1 m0_1 x58 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">61<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x66a y152f w15e h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.926 </div></td><td class=\"c x66b y152f wba h24\"><div class=\"t_1 m0_1 xc7 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.987 </div></td></tr><tr><td class=\"c x28c y1530 w1f9 h66\"><div class=\"t_1 m0_1 x10 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></td><td class=\"c x669 y1530 wba h66\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">472<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1530 w16c h66\"><div class=\"t_1 m0_1 x22 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.509 </div></td><td class=\"c x666 y1530 w8_1 h66\"><div class=\"t_1 m0_1 x14 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(1.398) </div></td><td class=\"c x66a y1530 w15e h66\"><div class=\"t_1 m0_1 x1d h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x66b y1530 wba h66\"><div class=\"t_1 m0_1 xc7 h20 y131 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.583 </div></td></tr><tr><td></td><td class=\"c x669 y1531 wba he8\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">14.950<span class=\"ls0_1\"> </span></div></td><td class=\"c x665 y1531 w16c he8\"><div class=\"t_1 m0_1 x22 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">6.570<span class=\"ls0_1\"> </span></div></td><td class=\"c x666 y1531 w8_1 he8\"><div class=\"t_1 m0_1 x14 h58 y583 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(2.367) </div></td><td class=\"c x66a y1531 w15e he8\"><div class=\"t_1 m0_1 x13 h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.927<span class=\"ls0_1\"> </span></div></td><td class=\"c x66b y1531 wba he8\"><div class=\"t_1 m0_1 x3a h58 y583 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">21.080<span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x28c y1532 w1f9 h66\"><div class=\"t_1 m0_1 x10 h58 y131 ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></td><td class=\"c x669 y1532 wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">26.998<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x66b y1532 wba h66\"><div class=\"t_1 m0_1 x3a h58 y131 ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">31.853<span class=\"ls0_1\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "34.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff2\">Operaciones con empresas del grupo y <span class=\"_ _3\"></span>vinculad<span class=\"_ _2\"></span>as </span></span>34.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Saldos y transacciones con soc<span class=\"_ _2\"></span>iedades que con<span class=\"_ _2\"></span>solidan po<span class=\"_ _2\"></span>r el </span></span>m\u00e9todo de la pa<span class=\"_ _2\"></span>rticipaci\u00f3n Los saldos man<span class=\"_ _3\"></span>tenidos con sociedades qu<span class=\"_ _3\"></span>e consolidan po<span class=\"_ _3\"></span>r e<span class=\"_ _2\"></span>l m\u00e9todo de la particip<span class=\"_ _3\"></span>aci\u00f3n al 31 de diciembre<span class=\"_ _3\"></span> de 2025 y 2024 son lo<span class=\"_ _3\"></span>s siguientes<span class=\"_ _3\"></span>: Miles \u20ac<span class=\"ff3\"> </span>Acreedores a<span class=\"_ _65\"> </span>Cr\u00e9ditos a Corto<span class=\"_ _65\"> </span>Deudores a Corto<span class=\"_ _65\"> </span>Corto Plazo<span class=\"_ _65\"> </span>31 <span class=\"ls2f\">de </span>diciembre de 2025<span class=\"_ _65\"> </span>Plazo<span class=\"_ _65\"> </span>Plazo (Nota <span class=\"lsd\">25</span>)<span class=\"_ _65\"> </span>(Nota 26)<span class=\"_ _65\"> </span>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=\"_ _2\"></span>.L. <span class=\"_ _3\"></span>                            <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>747<span class=\"ls0_1\"> </span>               <span class=\"lsd\">1.536<span class=\"ls0_1\">  </span></span>                          <span class=\"lsd\">12 <span class=\"ls0_1\"> </span></span>                          <span class=\"lsd\">747<span class=\"ls0_1\">  </span></span>               <span class=\"lsd\">1.536</span><table class=\"s w45e h20f\" id=\"_1e189df9-0e5b-4b4e-9201-e16065ed2d6b\"><tr><td></td><td></td><td class=\"c x68b y1565 w200 h24\"><div class=\"t_1 m0_1 x172 h20 y7b ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td></td><td class=\"c x68c y1566 w344 h181\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores a<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x68d y1567 w45a h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cr\u00e9ditos a Corto</div></td><td class=\"c x68e y1567 w45b h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores a Corto<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x68f y1568 w45c h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x690 y1569 w16 hda\"><div class=\"t_1 m0_1 x10 h20 y6b0 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td class=\"c x691 y156a w3ef h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x692 y156a w45f h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo (Nota 25)<span class=\"_ _65\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x693 y156b w32e h17e\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 26)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x690 y156c w16 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Oleoenerg\u00eda de Puertollano, S.L. </div></td><td class=\"c x68b y156c w201 h24\"><div class=\"t_1 m0_1 x43 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">12<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x694 y156c w52 h24\"><div class=\"t_1 m0_1 x1_1 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                            <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td class=\"c x695 y156c w202 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td></tr><tr><td class=\"c x690 y156d w16 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Capacitaci\u00f3n de Servicios Forestales, S<span class=\"_ _2\"></span>.L. <span class=\"_ _3\"></span> </div></td><td class=\"c x68b y156d w201 h24\"><div class=\"t_1 m0_1 xe h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">                           <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x694 y156d w52 h24\"><div class=\"t_1 m0_1 x12 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">830<span class=\"ls0_1\"> </span></div></td><td class=\"c x695 y156d w202 h24\"><div class=\"t_1 m0_1 x56 h20 y7b ff3 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"ls0_1\">1.766  </span></div></td></tr><tr><td></td><td class=\"c x68b y156e w201 h24\"><div class=\"t_1 m0_1 x31 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">                          <span class=\"lsd\">12 <span class=\"ls0_1\"> </span></span></div></td><td></td><td class=\"c x694 y156e w52 h24\"><div class=\"t_1 m0_1 x31 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">                          <span class=\"lsd\">830 <span class=\"ls0_1\"> </span></span></div></td><td class=\"c x695 y156e w202 h24\"><div class=\"t_1 m0_1 x56 h58 y7b ff2 fs4 fc0_1 sc0_1 ls25 ws0_1\">               <span class=\"lsd\">1.766 <span class=\"ls0_1\"> </span></span></div></td></tr><tr><td class=\"c x696 y156f w460 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"_ _f\"></span>transacciones <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>se <span class=\"_ _f\"></span>han <span class=\"_ _3\"></span>efectuad<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ociedades <span class=\"_ _f\"></span>que <span class=\"_ _3\"></span>consolidan<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>el <span class=\"_ _f\"></span>m\u00e9todo <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>la <span class=\"_ _f\"></span>participaci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x696 y1570 w461 h15c\"><div class=\"t_1 m0_1 x1c9 h7_1 yfc1 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">durante el ejercicio 2025 <span class=\"_ _3\"></span>y 2024 son<span class=\"_ _3\"></span> las siguientes<span class=\"_ _3\"></span>:<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x697 y1571 w91 h5c\"><div class=\"t_1 m0_1 x44 h20 y83 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x698 y1572 w462 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios</div></td><td class=\"c x699 y1572 w463 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x69a y1573 w204 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x69b y1574 w464 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Prestados</div></td><td class=\"c x69c y1574 w465 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x69a y1575 w204 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Capacitaci\u00f3n de Servicios Forestales, S<span class=\"_ _2\"></span>.L. <span class=\"_ _3\"></span> </div></td><td></td><td class=\"c x697 y1575 w18 h37\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">1.170<span class=\"ls0_1\"> </span></div></td><td class=\"c x69d y1575 wb7 h37\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.<span class=\"lsd\">548</span> </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x697 y1576 w18 h24\"><div class=\"t_1 m0_1 x30 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.170<span class=\"ls0_1\"> </span></div></td><td class=\"c x69d y1576 wb7 h24\"><div class=\"t_1 m0_1 x30 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.<span class=\"lsd\">548</span> </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x697 y1577 w91 h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x698 y1578 w462 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios</div></td><td class=\"c x699 y1578 w463 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x69a y1579 w204 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x69b y157a w464 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Prestados</div></td><td class=\"c x69c y157a w465 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Explotaci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td></tr><tr><td class=\"c x69a y157b w204 h37\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Capacitaci\u00f3n de Servicios Forestales, S<span class=\"_ _2\"></span>.L. <span class=\"_ _3\"></span> </div></td><td></td><td class=\"c x697 y157b w18 h37\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.063 </div></td><td class=\"c x69d y157b wb7 h37\"><div class=\"t_1 m0_1 x30 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">4.336 </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x697 y157c w18 h24\"><div class=\"t_1 m0_1 x30 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.063<span class=\"ls0_1\"> </span></div></td><td class=\"c x69d y157c wb7 h24\"><div class=\"t_1 m0_1 x30 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">4.336<span class=\"ls0_1\"> </span></div></td><td></td></tr></table>34.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Saldos y transacciones con soc<span class=\"_ _2\"></span>ios minoritarios </span></span>Los saldos man<span class=\"_ _3\"></span>tenidos con socios minoritarios<span class=\"_ _3\"></span> al 31 de diciembre de 202<span class=\"_ _3\"></span>5 y 202<span class=\"_ _3\"></span>4 son los siguient<span class=\"_ _3\"></span>es: <table class=\"s w466 h210\" id=\"_02cf895b-1d48-4b54-aa91-e40e62fe68c3\"><tr><td></td><td></td><td></td><td class=\"c x69e y157d w206 haa\"><div class=\"t_1 m0_1 xce h20 y6e ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x69f y157e w467 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos<span class=\"_ _65\"> </span></div></td><td class=\"c x6a0 y157e w467 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos<span class=\"_ _65\"> </span></div></td><td class=\"c x6a1 y157f w468 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores a<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x6a2 y157f w344 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores a<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x6a3 y1580 w469 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros</div></td><td class=\"c x6a4 y1580 w469 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros</div></td><td class=\"c x6a5 yf6c w45c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo</div></td><td class=\"c x6a6 y1580 w46a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas a</div></td><td class=\"c x6a7 y1580 w46a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas a</div></td><td class=\"c x6a8 yf6c w45c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x3cf y1581 w205 h11d\"><div class=\"t_1 m0_1 x10 h20 yc16 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2025 </div></td><td class=\"c x6a3 y1582 w27b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo</div></td><td class=\"c x6a9 y1582 w45c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x6aa y1583 w32e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 25)</div></td><td class=\"c x6ab y1582 w27b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo</div></td><td class=\"c x6ac y1582 w45c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo</div></td><td class=\"c x6ad y1583 w32e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 26)<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x6a3 y1584 w34c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 27.2)</div></td><td class=\"c x6a4 y1584 w34c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 27.2)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x3cf y1585 w205 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Woodpecker Acquisitions S.\u00e1 r.l. </div></td><td class=\"c x69e y1585 w207 h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6ae y1585 w12f h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">13<span class=\"ls0_1\">.</span>462<span class=\"ls0_1\"> </span></div></td><td class=\"c x6af y1585 wfb h24\"><div class=\"t_1 m0_1 x23 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6b0 y1585 w8c h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29.015 </div></td><td class=\"c x6b1 y1585 w16c h24\"><div class=\"t_1 m0_1 x22 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2.507<span class=\"ls0_1\"> </span></div></td><td class=\"c x457 y1585 w208 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x3cf y1586 w205 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">San Miguel Arc\u00e1ngel, S.A. </div></td><td class=\"c x69e y1586 w207 h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6ae y1586 w12f h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6af y1586 wfb h24\"><div class=\"t_1 m0_1 x23 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6b0 y1586 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6b1 y1586 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y1586 w208 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x3cf y1587 w205 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aceites y Energ\u00eda Santamar\u00eda, S.A. </div></td><td class=\"c x69e y1587 w207 h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6ae y1587 w12f h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6af y1587 wfb h24\"><div class=\"t_1 m0_1 x4a h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">42<span class=\"ls0_1\"> </span></div></td><td class=\"c x6b0 y1587 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6b1 y1587 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y1587 w208 h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.275 </div></td></tr><tr><td></td><td class=\"c x69e y1588 w207 h24\"><div class=\"t_1 m0_1 x61 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6ae y1588 w12f h24\"><div class=\"t_1 m0_1 x44 h58 y7b ff2 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">13.<span class=\"lsd\">462</span> </div></td><td class=\"c x6af y1588 wfb h24\"><div class=\"t_1 m0_1 x4a h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">42<span class=\"ls0_1\"> </span></div></td><td class=\"c x6b0 y1588 w8c h24\"><div class=\"t_1 m0_1 x13 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.015<span class=\"ls0_1\"> </span></div></td><td class=\"c x6b1 y1588 w16c h24\"><div class=\"t_1 m0_1 x22 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">2.507<span class=\"ls0_1\"> </span></div></td><td class=\"c x457 y1588 w208 h24\"><div class=\"t_1 m0_1 x14 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">1.275<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x69e y1589 w206 hf2\"><div class=\"t_1 m0_1 xce h20 yac7 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x69f y158a w467 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos<span class=\"_ _65\"> </span></div></td><td class=\"c x6a0 y158a w467 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos<span class=\"_ _65\"> </span></div></td><td class=\"c x6a1 y158b w468 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudores a<span class=\"_ _65\"> </span></div></td><td></td><td></td><td class=\"c x6a2 y158b w344 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Acreedores a<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x6a3 y158c w469 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros</div></td><td class=\"c x6a4 y158c w469 h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros</div></td><td class=\"c x6a5 y158d w45c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo</div></td><td class=\"c x6a6 y158c w46a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas a</div></td><td class=\"c x6a7 y158c w46a h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas a</div></td><td class=\"c x6a8 y158d w45c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x3cf y158e w205 h11e\"><div class=\"t_1 m0_1 x10 h20 yc16 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024 </div></td><td class=\"c x6a3 y158f w27b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo</div></td><td class=\"c x6a9 y158f w45c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo<span class=\"_ _65\"> </span></div></td><td class=\"c x6aa y1590 w32e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 25)</div></td><td class=\"c x6ab y158f w27b h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo</div></td><td class=\"c x6ac y158f w45c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo</div></td><td class=\"c x6ad y1590 w32e h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 26)<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td class=\"c x6a3 y1591 w34c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 27.2)</div></td><td class=\"c x6a4 y1591 w34c h182\"><div class=\"t_1 m0_1 x1c9 h20 y1062 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 27.2)<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x3cf y1592 w205 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Woodpecker Acquisitions S.\u00e1 r.l. </div></td><td class=\"c x69e y1592 w207 h24\"><div class=\"t_1 m0_1 x57 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">5.625 </div></td><td class=\"c x6ae y1592 w12f h24\"><div class=\"t_1 m0_1 x44 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">12.971 </div></td><td class=\"c x6af y1592 wfb h24\"><div class=\"t_1 m0_1 x23 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6b0 y1592 w8c h24\"><div class=\"t_1 m0_1 x13 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">29.015 </div></td><td class=\"c x6b1 y1592 w16c h24\"><div class=\"t_1 m0_1 x14 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">876<span class=\"ls0_1\"> </span></div></td><td class=\"c x457 y1592 w208 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x3cf y1593 w205 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">San Miguel Arc\u00e1ngel, S.A. </div></td><td class=\"c x69e y1593 w207 h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6ae y1593 w12f h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6af y1593 wfb h24\"><div class=\"t_1 m0_1 x23 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6b0 y1593 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6b1 y1593 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y1593 w208 h24\"><div class=\"t_1 m0_1 x45 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td></tr><tr><td class=\"c x3cf y1594 w205 h24\"><div class=\"t_1 m0_1 x10 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aceites y Energ\u00eda Santamar\u00eda, S.A. </div></td><td class=\"c x69e y1594 w207 h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6ae y1594 w12f h24\"><div class=\"t_1 m0_1 x61 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6af y1594 wfb h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x6b0 y1594 w8c h24\"><div class=\"t_1 m0_1 x41 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x6b1 y1594 w16c h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x457 y1594 w208 h24\"><div class=\"t_1 m0_1 x32 h20 y7b ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">55<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x69e y1595 w207 h24\"><div class=\"t_1 m0_1 x57 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">5.625<span class=\"ls0_1\"> </span></div></td><td class=\"c x6ae y1595 w12f h24\"><div class=\"t_1 m0_1 x44 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">12.971<span class=\"ls0_1\"> </span></div></td><td class=\"c x6af y1595 wfb h24\"><div class=\"t_1 m0_1 x32 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">298<span class=\"ls0_1\"> </span></div></td><td class=\"c x6b0 y1595 w8c h24\"><div class=\"t_1 m0_1 x13 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">29.015<span class=\"ls0_1\"> </span></div></td><td class=\"c x6b1 y1595 w16c h24\"><div class=\"t_1 m0_1 x14 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">876<span class=\"ls0_1\"> </span></div></td><td class=\"c x457 y1595 w208 h24\"><div class=\"t_1 m0_1 x32 h58 y7b ff2 fs4 fc0_1 sc0_1 lsd ws0_1\">55<span class=\"ls0_1\"> </span></div></td></tr></table>La <span class=\"_ _f\"></span>deuda <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>largo <span class=\"_ _f\"></span>p<span class=\"_ _3\"></span>lazo <span class=\"_ _f\"></span>se <span class=\"_ _f\"></span>correspond<span class=\"_ _3\"></span>e <span class=\"_ _f\"></span>con <span class=\"_ _f\"></span>un <span class=\"_ _f\"></span>pr\u00e9stamo <span class=\"_ _f\"></span>otorgad<span class=\"_ _3\"></span>o <span class=\"_ _f\"></span>por <span class=\"_ _f\"></span>Woodpecker <span class=\"_ _f\"></span>Acq<span class=\"_ _3\"></span>uisitions <span class=\"_ _f\"></span>S.a.<span class=\"_ _3\"></span>r.l. <span class=\"_ _f\"></span>a Magnon <span class=\"_ _3\"></span>Green <span class=\"_ _3\"></span>En<span class=\"_ _3\"></span>ergy, <span class=\"_ _3\"></span>S.L. <span class=\"_ _f\"></span>Este <span class=\"_ _3\"></span>pr\u00e9stamo <span class=\"_ _3\"></span>devenga <span class=\"_ _f\"></span>un tip<span class=\"_ _3\"></span>o d<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>inter\u00e9s <span class=\"_ _3\"></span>del <span class=\"_ _f\"></span><span class=\"ls10\">5,</span>5% <span class=\"_ _3\"></span>y <span class=\"_ _f\"></span>presenta un <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>encimiento en 2032. Las <span class=\"_ _3\"></span>transaccion<span class=\"_ _3\"></span>es q<span class=\"_ _3\"></span>ue <span class=\"_ _3\"></span>se h<span class=\"_ _3\"></span>an <span class=\"_ _3\"></span>efectuado <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>socios<span class=\"_ _3\"></span> minorit<span class=\"_ _3\"></span>arios <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>diciembre<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>e 2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>5 <span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"ls10\">24</span> <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>las siguientes: <table class=\"s w46b h211\" id=\"_697a2adb-94cb-45a4-8472-f79a0dc87d46\"><tr><td></td><td></td><td></td><td class=\"c x501 y1596 w209 h24\"><div class=\"t_1 m0_1 xf4 h20 y77 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x501 y1597 w20a h120\"><div class=\"t_1 m0_1 xc h20 yc21 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ventas </div></td><td></td><td class=\"c x6b2 y1597 w112 h120\"><div class=\"t_1 m0_1 x86 h20 yc21 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x6b3 y1598 w463 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de<span class=\"_ _65\"> </span></div></td><td class=\"c x6b4 y1598 w46c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6b5 y1597 wa5 h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6b6 y1599 w465 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Explotaci\u00f3n</div></td><td class=\"c x6b7 y1599 w46d h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financieros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6b5 y159a wa5 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Woodpecker Acquisitions S.\u00e1 r.l. </div></td><td></td><td class=\"c x501 y159a w20a h47\"><div class=\"t_1 m0_1 x37 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td><td class=\"c x6b2 y159a w112 h47\"><div class=\"t_1 m0_1 x45 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td><td class=\"c x6b8 y159a w20a h47\"><div class=\"t_1 m0_1 x31 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls42 ws0_1\">                     <span class=\"ls0_1\">-<span class=\"_ _2\"></span><span class=\"ls42\">   <span class=\"fs4 ls0_1\"> </span></span></span></div></td><td class=\"c x6b9 y159a w20b h47\"><div class=\"t_1 m0_1 x11 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">1.630<span class=\"fs4 ls0_1\"> </span></div></td></tr><tr><td class=\"c x6b5 y159b wa5 h48\"><div class=\"t_1 m0_1 x10 h20 yb2b ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">San Miguel Arc\u00e1ngel, S.A. </div></td><td></td><td class=\"c x501 y159b w20a h48\"><div class=\"t_1 m0_1 x37 h7_1 y82 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td><td class=\"c x6b2 y159b w112 h48\"><div class=\"t_1 m0_1 x11 h7_1 y82 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">4.767<span class=\"fs4\"> </span></div></td><td class=\"c x6b8 y159b w20a h48\"><div class=\"t_1 m0_1 x31 h7_1 y82 ff3 fs3 fc0_1 sc0_1 ls42 ws0_1\">                     <span class=\"ls0_1\">-<span class=\"_ _2\"></span><span class=\"ls42\">   <span class=\"fs4 ls0_1\"> </span></span></span></div></td><td class=\"c x6b9 y159b w20b h48\"><div class=\"t_1 m0_1 x45 h7_1 y82 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td></tr><tr><td class=\"c x6b5 y159c wa5 h47\"><div class=\"t_1 m0_1 x10 h20 y510 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aceites y Energ\u00eda Santamar\u00eda, S.A. </div></td><td></td><td class=\"c x501 y159c w20a h47\"><div class=\"t_1 m0_1 x35 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">456<span class=\"fs4 ls0_1\"> </span></div></td><td class=\"c x6b2 y159c w112 h47\"><div class=\"t_1 m0_1 x11 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">1.<span class=\"ls10\">632</span><span class=\"fs4\"> </span></div></td><td class=\"c x6b8 y159c w20a h47\"><div class=\"t_1 m0_1 x3d h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls42 ws0_1\">                 <span class=\"ls0_1\">4<span class=\"ls10\">39</span> <span class=\"fs4\"> </span></span></div></td><td class=\"c x6b9 y159c w20b h47\"><div class=\"t_1 m0_1 x45 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x501 y159d w20a h46\"><div class=\"t_1 m0_1 x35 h8_1 y80 ff2 fs3 fc0_1 sc0_1 ls10 ws0_1\">456<span class=\"fs4 ls0_1\"> </span></div></td><td class=\"c x6b2 y159d w112 h46\"><div class=\"t_1 m0_1 x11 h8_1 y80 ff2 fs3 fc0_1 sc0_1 ls10 ws0_1\">6.399<span class=\"fs4 ls0_1\"> </span></div></td><td class=\"c x6b8 y159d w20a h46\"><div class=\"t_1 m0_1 x35 h8_1 y80 ff2 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">4<span class=\"ls10\">39</span><span class=\"fs4\"> </span></div></td><td class=\"c x6b9 y159d w20b h46\"><div class=\"t_1 m0_1 x11 h8_1 y80 ff2 fs3 fc0_1 sc0_1 ls10 ws0_1\">1.630<span class=\"fs4 ls0_1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x501 y159e w209 h24\"><div class=\"t_1 m0_1 xf4 h20 y7b ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x501 y159f w20a h121\"><div class=\"t_1 m0_1 xc h20 yc26 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ventas </div></td><td></td><td class=\"c x6b2 y159f w112 h121\"><div class=\"t_1 m0_1 x86 h20 yc26 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Compras </div></td><td class=\"c x6b3 y15a0 w463 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de<span class=\"_ _65\"> </span></div></td><td class=\"c x6b4 y15a0 w46c h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6b5 y159f wa5 h9a\"><div class=\"t_1 m0_1 x10 h20 y40 ff3 fs4 fc0_1 sc0_1 lsd ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6b6 y15a1 w465 h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Explotaci\u00f3n</div></td><td class=\"c x6b7 y15a1 w46d h187\"><div class=\"t_1 m0_1 x1c9 h20 y1046 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financieros<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6b5 y15a2 wa5 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Woodpecker Acquisitions S.\u00e1 r.l. </div></td><td></td><td class=\"c x501 y15a2 w20a h47\"><div class=\"t_1 m0_1 x37 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td><td class=\"c x6b2 y15a2 w112 h47\"><div class=\"t_1 m0_1 x45 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td><td class=\"c x6b8 y15a2 w20a h47\"><div class=\"t_1 m0_1 x31 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls42 ws0_1\">                     <span class=\"ls0_1\">-<span class=\"_ _2\"></span><span class=\"ls42\">   <span class=\"fs4 ls0_1\"> </span></span></span></div></td><td class=\"c x6b9 y15a2 w20b h47\"><div class=\"t_1 m0_1 x11 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">1.024<span class=\"fs4\"> </span></div></td></tr><tr><td class=\"c x6b5 y15a3 wa5 h46\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">San Miguel Arc\u00e1ngel, S.A. </div></td><td></td><td class=\"c x501 y15a3 w20a h46\"><div class=\"t_1 m0_1 x37 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td><td class=\"c x6b2 y15a3 w112 h46\"><div class=\"t_1 m0_1 x11 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">3.613<span class=\"fs4\"> </span></div></td><td class=\"c x6b8 y15a3 w20a h46\"><div class=\"t_1 m0_1 x31 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls42 ws0_1\">                     <span class=\"ls0_1\">-<span class=\"_ _2\"></span><span class=\"ls42\">   <span class=\"fs4 ls0_1\"> </span></span></span></div></td><td class=\"c x6b9 y15a3 w20b h46\"><div class=\"t_1 m0_1 x45 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td></tr><tr><td class=\"c x6b5 y15a4 wa5 h47\"><div class=\"t_1 m0_1 x10 h20 y77 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aceites y Energ\u00eda Santamar\u00eda, S.A. </div></td><td></td><td class=\"c x501 y15a4 w20a h47\"><div class=\"t_1 m0_1 x35 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls10 ws0_1\">395<span class=\"fs4 ls0_1\"> </span></div></td><td class=\"c x6b2 y15a4 w112 h47\"><div class=\"t_1 m0_1 x11 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">2.483<span class=\"fs4\"> </span></div></td><td class=\"c x6b8 y15a4 w20a h47\"><div class=\"t_1 m0_1 x3d h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls42 ws0_1\">                 <span class=\"ls10\">406 <span class=\"fs4 ls0_1\"> </span></span></div></td><td class=\"c x6b9 y15a4 w20b h47\"><div class=\"t_1 m0_1 x45 h7_1 y80 ff3 fs3 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs4\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x501 y15a5 w20a h47\"><div class=\"t_1 m0_1 x35 h8_1 y80 ff2 fs3 fc0_1 sc0_1 ls10 ws0_1\">395<span class=\"fs4 ls0_1\"> </span></div></td><td class=\"c x6b2 y15a5 w112 h47\"><div class=\"t_1 m0_1 x11 h8_1 y80 ff2 fs3 fc0_1 sc0_1 ls10 ws0_1\">6.096<span class=\"fs4 ls0_1\"> </span></div></td><td class=\"c x6b8 y15a5 w20a h47\"><div class=\"t_1 m0_1 x35 h8_1 y80 ff2 fs3 fc0_1 sc0_1 ls10 ws0_1\">406<span class=\"fs4 ls0_1\"> </span></div></td><td class=\"c x6b9 y15a5 w20b h47\"><div class=\"t_1 m0_1 x11 h8_1 y80 ff2 fs3 fc0_1 sc0_1 ls10 ws0_1\">1.024<span class=\"fs4 ls0_1\"> </span></div></td></tr></table>34.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff2 fc2\">Operaciones con Administ<span class=\"_ _2\"></span>radores </span></span>ENCE no mantiene saldos pen<span class=\"_ _2\"></span>dientes de liquidaci\u00f3n con sus <span class=\"_ _2\"></span>Administradores al cierre de <span class=\"_ _2\"></span>los ejercicios 2025<span class=\"_ _3\"></span> y <span class=\"_ _13\"> </span>2024. <span class=\"_ _13\"> </span>Adicionalmente <span class=\"_ _13\"> </span>ENCE  no <span class=\"_ _13\"> </span>ha <span class=\"_ _13\"> </span>efectuado <span class=\"_ _13\"> </span>transacciones <span class=\"_ _13\"> </span>con <span class=\"_ _13\"> </span>sus <span class=\"_ _13\"> </span>Administradores  durante <span class=\"_ _13\"> </span>dichos ejercicios.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "36.<span class=\"ff5 ls0_1\"> <span class=\"_ _d\"></span><span class=\"ff2\">Hechos posteriores </span></span>Emisi\u00f3n Bonos Con <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"></span>12 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>enero <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2026 <span class=\"_ _10\"></span>ENCE <span class=\"_ _0\"></span>ha <span class=\"_ _10\"> </span>incorporado <span class=\"_ _10\"></span>u<span class=\"_ _2\"></span>n <span class=\"_ _0\"></span>programa <span class=\"_ _10\"> </span>sostenible <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>bonos <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"> </span>Mercado<span class=\"_ _3\"></span> Alternativo de Renta Fija<span class=\"_ _3\"></span> (MARF), con u<span class=\"_ _3\"></span>n importe nominal m\u00e1ximo<span class=\"_ _3\"></span> <span class=\"ff6\">de 200 mi<span class=\"_ _3\"></span>llones \u20ac. </span> A la <span class=\"_ _2\"></span>fecha <span class=\"_ _2\"></span>de f<span class=\"_ _2\"></span>ormulaci\u00f3n de estas cuentas anuales <span class=\"_ _2\"></span>consolidadas se encontraban <span class=\"_ _2\"></span>suscritos y desembolsados bonos por importe <span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>85 millones \u20ac. <span class=\"_ _2\"></span>Los bonos em<span class=\"_ _2\"></span>itidos devenga un <span class=\"_ _2\"></span>tipo de <span class=\"_ _2\"></span>inter\u00e9s fijo <span class=\"ff3\">del del 4,10 <span class=\"_ _2\"></span>% <span class=\"_ _2\"></span>anua<span class=\"_ _3\"></span>l </span>y <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>resentan <span class=\"_ _f\"></span>un <span class=\"_ _3\"></span>vencimiento <span class=\"_ _f\"></span>bullet <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>4 <span class=\"_ _f\"></span>a\u00f1os <span class=\"_ _3\"></span>siendo <span class=\"_ _f\"></span>la <span class=\"_ _3\"></span>amortizaci\u00f3n <span class=\"_ _f\"></span>\u00edntegra <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>el <span class=\"_ _3\"></span>principal <span class=\"_ _f\"></span>el <span class=\"_ _f\"></span>29 <span class=\"_ _3\"></span>de <span class=\"_ _f\"></span>enero <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e 2030<span class=\"ls0_1\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": "Anex<span class=\"_ _d\"></span>o I - Per\u00edmetro de con<span class=\"_ _2\"></span>solidaci\u00f3n<span class=\"_ _65\"> </span>A continuaci\u00f3n se <span class=\"_ _2\"></span>detalla e<span class=\"_ _2\"></span>l porcentaje de <span class=\"_ _d\"></span>p<span class=\"_ _3\"></span>articipaci\u00f3n directa o <span class=\"_ _2\"></span>indirecta que <span class=\"_ _2\"></span>Ence Energ\u00eda y <span class=\"_ _2\"></span>Celulosa, S.A. mantiene en las sociedad<span class=\"_ _3\"></span>es del Grupo al 31 d<span class=\"_ _3\"></span>e diciembre de 202<span class=\"_ _3\"></span>5 y 2024:<span class=\"_ _3\"></span> <table class=\"s w496 h217\" id=\"_c4df902c-8d69-465f-b5c4-860a397726ab\"><tr><td></td><td></td><td></td><td class=\"t_1 m0_1 x6e1 hf y15d0 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">% de </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t_1 m0_1 x6e1 hf y15d1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">partici<span class=\"_ _2\"></span>paci\u00f3n </td><td></td><td class=\"c x6e2 y15d2 w21c h12d\"><div class=\"t_1 m0_1 x10 hf yc85 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">M\u00e9todo d<span class=\"_ _2\"></span>e </div></td></tr><tr><td></td><td></td><td></td><td class=\"t_1 m0_1 x6e1 hf y15d3 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">direct<span class=\"_ _2\"></span>a o </td><td></td><td class=\"c x6e2 y15d2 w21c h12d\"><div class=\"t_1 m0_1 x10 hf yc86 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">consoli<span class=\"_ _2\"></span>daci\u00f3n </div></td></tr><tr><td></td><td></td><td></td><td class=\"t_1 m0_1 x6e1 hf y15d4 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">indirecta </td><td></td><td class=\"c x6e2 y15d2 w21c h12d\"><div class=\"t_1 m0_1 x10 hf yc87 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(b) </div></td></tr><tr><td class=\"c x1ca y15d5 w282 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedad<span class=\"_ _65\"> </span></div></td><td class=\"c x6e3 y15d5 w497 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Domicilio<span class=\"_ _65\"> </span></div></td><td class=\"c x6e4 y15d5 w498 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Actividad<span class=\"_ _65\"> </span></div></td><td class=\"c x6e5 y15d2 w21d h72\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x6e6 y15d2 w21d h72\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x6e7 y15d6 w218 h1d\"><div class=\"t_1 m0_1 x10 h10 y77 ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio de celulosa<span class=\"_ _2\"></span>- </div></td><td></td><td class=\"t_1 m0_1 x6e8 hf y15d7 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Producci\u00f3<span class=\"_ _2\"></span>n celulosa y ener<span class=\"_ _2\"></span>g\u00eda </td><td></td><td></td><td></td></tr><tr><td class=\"c x6e7 y15d8 w218 h31\"><div class=\"t_1 m0_1 x10 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosas de<span class=\"_ _2\"></span> Asturias, S.A.U. (a) </div></td><td class=\"c x6e9 y15d8 w219 h31\"><div class=\"t_1 m0_1 x50 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Armental, s/n Nav<span class=\"_ _2\"></span>ia - Asturias (a)<span class=\"_ _2\"></span> </div></td><td class=\"t_1 m0_1 x6ea hf y15d9 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica </td><td class=\"c x6e5 y15d8 w21d h31\"><div class=\"t_1 m0_1 x2a hf y919 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x6eb y15da w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15da w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15db w218 ha2\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Silvasur Agrof<span class=\"_ _2\"></span>orestal, S.A.U. (a) </div></td><td class=\"c x6e9 y15db w219 ha2\"><div class=\"t_1 m0_1 x2a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x6ed y15dc w49b h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>patrimonio forest<span class=\"_ _2\"></span>al</div></td><td class=\"c x6ee y15dc w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y15dc w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15dc w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15dd w218 h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ibersilva, S.A.U.<span class=\"_ _2\"></span> </div></td><td class=\"c x6e9 y15dd w219 h72\"><div class=\"t_1 m0_1 xc hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ctra A-5000 Km 7,5 (<span class=\"_ _2\"></span>Huelva) </div></td><td class=\"c x6ef y15de w49d h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Servicio<span class=\"_ _2\"></span>s forestales<span class=\"_ _65\"> </span></div></td><td class=\"c x6f0 y15de w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y15de w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15de w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15df w218 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Terra, S.A.U. (<span class=\"_ _2\"></span>a) </div></td><td class=\"c x6e9 y15df w219 h1d\"><div class=\"t_1 m0_1 x1f hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Lourizan, s/n (Pont<span class=\"_ _2\"></span>evedra) </div></td><td class=\"c x6ed y15e0 w49b h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>patrimonio forest<span class=\"_ _2\"></span>al</div></td><td class=\"c x6ee y15e0 w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y15e0 w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15e0 w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15e1 w218 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Investi<span class=\"_ _2\"></span>gaci\u00f3n y Desarr<span class=\"_ _2\"></span>ollo, S.A.U. </div></td><td class=\"c x6e9 y15e1 w219 h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Louriz\u00e1n s/n (Pont<span class=\"_ _2\"></span>evedra) </div></td><td class=\"c x6f1 y15e2 w49e h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Investigaci<span class=\"_ _2\"></span>\u00f3n y desarrollo<span class=\"_ _65\"> </span></div></td><td class=\"c x6f2 y15e2 w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y15e2 w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15e2 w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15e3 w218 h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Liptoflor , S.A. (a) </div></td><td class=\"c x6e9 y15e3 w219 h72\"><div class=\"t_1 m0_1 x44 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Lisboa (Por<span class=\"_ _2\"></span>tugal) </div></td><td class=\"c x6f3 y15e4 w49f h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Compraventa de<span class=\"_ _2\"></span> madera<span class=\"_ _65\"> </span></div></td><td class=\"c x6f4 y15e4 w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y15e4 w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15e4 w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15e5 w218 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Las Pl\u00e9yades <span class=\"_ _2\"></span>Uruguay, S.A. <span class=\"ff6\">\u2013</span> Sucursal<span class=\"_ _2\"></span> en Argenti<span class=\"_ _2\"></span>na </div></td><td class=\"c x25e y15e6 w4a0 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Montevi<span class=\"_ _2\"></span>deo (Uruguay)<span class=\"_ _65\"> </span></div></td><td class=\"c x6f5 y15e6 w4a1 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Inactiva<span class=\"_ _65\"> </span></div></td><td class=\"c x6f6 y15e6 w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y15e6 w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15e6 w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15e7 w218 h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Las Pl\u00e9yades <span class=\"_ _2\"></span>Uruguay, S.A. </div></td><td class=\"c x25e y158c w4a0 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Montevi<span class=\"_ _2\"></span>deo (Uruguay)<span class=\"_ _65\"> </span></div></td><td class=\"c x6f5 y158c w4a1 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Inactiva<span class=\"_ _65\"> </span></div></td><td class=\"c x6f6 y158c w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y158c w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y158c w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15e8 w218 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Capacitaci<span class=\"_ _2\"></span>\u00f3n de Servicio<span class=\"_ _2\"></span>s Forestales, S.L. </div></td><td class=\"c x6e9 y15e8 w219 h1d\"><div class=\"t_1 m0_1 x2e hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Curtis (La Cor<span class=\"_ _2\"></span>u\u00f1a) </div></td><td class=\"c x6ef y15e9 w4a2 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Trabajos for<span class=\"_ _2\"></span>estales<span class=\"_ _65\"> </span></div></td><td class=\"c x6f7 y15e9 w4a3 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">25</div></td><td class=\"c x6f8 y15e9 w4a4 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">25<span class=\"_ _65\"> </span></div></td><td class=\"c x6f9 y15e9 w4a5 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">M.P.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15ea w218 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Biofibras d<span class=\"_ _2\"></span>e Galicia, S.L.  </div></td><td class=\"c x6e9 y15ea w219 h1d\"><div class=\"t_1 m0_1 x2a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x6fa y155e w4a6 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Producci\u00f3<span class=\"_ _2\"></span>n celulosa<span class=\"_ _65\"> </span></div></td><td class=\"c x6fb y155e w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y155e w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y155e w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15eb w218 h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ibersilva <span class=\"_ _2\"></span>Servicios Sucursal e<span class=\"_ _2\"></span>m Portugal </div></td><td class=\"c x6e9 y15eb w219 h72\"><div class=\"t_1 m0_1 x44 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Lisboa (Por<span class=\"_ _2\"></span>tugal) </div></td><td class=\"c x6ef y15ec w49d h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Servicio<span class=\"_ _2\"></span>s forestales<span class=\"_ _65\"> </span></div></td><td class=\"c x6f0 y15ec w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x6eb y15ec w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15ec w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15ed w218 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Sostenibi<span class=\"_ _2\"></span>lidad y Econom\u00eda Cir<span class=\"_ _2\"></span>cular, S.L.U. (c ) </div></td><td class=\"c x6e9 y15ed w219 h1d\"><div class=\"t_1 m0_1 x2a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x6fc y15ed w21a h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de residuos  </div></td><td class=\"c x6e5 y15ed w21d h1d\"><div class=\"t_1 m0_1 x2a hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x6f8 y15ee w4a4 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"_ _65\"> </span></div></td><td class=\"c x6fd y15ee w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x6e7 y15ef w218 h31\"><div class=\"t_1 m0_1 x10 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Molde<span class=\"_ _2\"></span>d Fiber, S.L.U. (c  ) (<span class=\"_ _2\"></span>*) </div></td><td class=\"c x6e9 y15ef w219 h31\"><div class=\"t_1 m0_1 x2a hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"t_1 m0_1 x6e8 hf y15f0 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Fabricaci\u00f3<span class=\"_ _2\"></span>n art\u00edculos de pas<span class=\"_ _2\"></span>ta </td><td class=\"c x6e5 y15ef w21d h31\"><div class=\"t_1 m0_1 x2a hf y919 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x6eb y15f1 w499 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"_ _65\"> </span></div></td><td class=\"c x6ec y15f1 w49a h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_1 m0_1 x6ea hf y15f2 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">papelera </td><td></td><td></td><td></td></tr><tr><td class=\"c x6e7 y15f3 w218 h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cellnovex, S.L. (<span class=\"_ _2\"></span>d) </div></td><td class=\"c x6fe yfd5 w4a7 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid)<span class=\"_ _65\"> </span></div></td><td class=\"c x6ff yfd5 w4a1 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Inactiva<span class=\"_ _65\"> </span></div></td><td class=\"c x6fb yfd5 w49c h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">100</div></td><td class=\"c x700 yfd5 w4a8 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _65\"> </span></div></td><td class=\"c x701 yfd5 w4a9 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G.<span class=\"_ _65\"> </span></div></td></tr></table><table class=\"s w4aa h218\" id=\"_9fbe229f-4687-484e-9de1-af0f115e5792\"><tr><td></td><td></td><td></td><td></td><td class=\"c x703 y15f4 w4ab h158\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">% de parti<span class=\"_ _2\"></span>cipaci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x704 y15f5 w4ac h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">M\u00e9todo d<span class=\"_ _2\"></span>e<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x703 y15f6 w4ad h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">direct<span class=\"_ _2\"></span>a o indirecta<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x705 y15f7 w39f h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">consoli<span class=\"_ _2\"></span>daci\u00f3n<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x706 y15f8 w21f h130\"><div class=\"t_1 m0_1 x10 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedad  </div></td><td class=\"c x707 y15f8 w220 h130\"><div class=\"t_1 m0_1 x10 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Domicilio </div></td><td class=\"c x708 y15f8 w221 h130\"><div class=\"t_1 m0_1 x10 hf y35 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Actividad </div></td><td></td><td class=\"c x709 y15f8 w21 h1d\"><div class=\"t_1 m0_1 x19 hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">202<span class=\"ls0_1\">5</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y15f8 w223 h1d\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">202<span class=\"ls0_1\">4</span><span class=\"ls0_1\"> </span></div></td><td class=\"c x70b y15f9 w4ae h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(b)<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x70c y15fb w4af h219\"><div class=\"t_1 m0_1 x1c9 h10 y15fa ff2 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio de energ\u00eda <span class=\"_ _2\"></span>renovable-<span class=\"_ _65\"> </span></div><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Renov<span class=\"_ _2\"></span>ables, S.L.U. (c)<span class=\"_ _65\"> </span></div></td><td class=\"c x707 y15fc w220 h1d\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Beatri<span class=\"_ _2\"></span>z de Bobadilla, 14 (Mad<span class=\"_ _2\"></span>rid) </div></td><td class=\"c x708 y15fc w221 h1d\"><div class=\"t_1 m0_1 x1d hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Holding </div></td><td></td><td class=\"c x709 y15fc w21 h1d\"><div class=\"t_1 m0_1 xc hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y15fc w223 h1d\"><div class=\"t_1 m0_1 x2a hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y15fc w2a h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y15fd w21f h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon Gree<span class=\"_ _2\"></span>n Energy, S.L. (a) </div></td><td class=\"c x707 y15fd w220 h1d\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid </div></td><td class=\"c x708 y15fd w221 h1d\"><div class=\"t_1 m0_1 xf hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Holding y gest<span class=\"_ _2\"></span>i\u00f3n de bio<span class=\"_ _2\"></span>masa </div></td><td></td><td class=\"c x709 y15fd w21 h1d\"><div class=\"t_1 m0_1 x1f hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y15fd w223 h1d\"><div class=\"t_1 m0_1 xe hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y15fd w2a h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y15fe w21f h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa Ene<span class=\"_ _2\"></span>rg\u00eda, S.A.U. (a) </div></td><td class=\"c x707 y15fe w220 h72\"><div class=\"t_1 m0_1 x86 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Armental, s/n Nav<span class=\"_ _2\"></span>ia - Asturias </div></td><td class=\"c x708 y15fe w221 h72\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de energ\u00eda el\u00e9ctric<span class=\"_ _2\"></span>a </div></td><td></td><td class=\"c x709 y15fe w21 h72\"><div class=\"t_1 m0_1 x1f hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y15fe w223 h72\"><div class=\"t_1 m0_1 xe hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y15fe w2a h72\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y15ff w21f h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Huel<span class=\"_ _2\"></span>va, S.L.U. (a) </div></td><td class=\"c x707 y15ff w220 h1d\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y15ff w221 h1d\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de energ\u00eda el\u00e9ctric<span class=\"_ _2\"></span>a </div></td><td></td><td class=\"c x709 y15ff w21 h1d\"><div class=\"t_1 m0_1 x1f hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y15ff w223 h1d\"><div class=\"t_1 m0_1 xe hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y15ff w2a h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1600 w21f h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Extr<span class=\"_ _2\"></span>emadura, S.L.U. (a)<span class=\"_ _2\"></span> </div></td><td class=\"c x707 y1600 w220 h72\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1600 w221 h72\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de energ\u00eda el\u00e9ctric<span class=\"_ _2\"></span>a </div></td><td></td><td class=\"c x709 y1600 w21 h72\"><div class=\"t_1 m0_1 x1f hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1600 w223 h72\"><div class=\"t_1 m0_1 xe hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1600 w2a h72\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1601 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Huel<span class=\"_ _2\"></span>va Dos, S.L.U. (a) </div></td><td class=\"c x707 y1601 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1601 w221 h1d\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de energ\u00eda el\u00e9ctric<span class=\"_ _2\"></span>a </div></td><td></td><td class=\"c x709 y1601 w21 h1d\"><div class=\"t_1 m0_1 x1f hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1601 w223 h1d\"><div class=\"t_1 m0_1 xe hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1601 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1602 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Energ\u00eda de la <span class=\"_ _2\"></span>Loma, S.A. (a) </div></td><td class=\"c x707 y1602 w220 h1d\"><div class=\"t_1 m0_1 xe hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Villanuev<span class=\"_ _2\"></span>a del Arzobispo (J<span class=\"_ _2\"></span>a\u00e9n) </div></td><td class=\"c x708 y1602 w221 h1d\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de energ\u00eda el\u00e9ctric<span class=\"_ _2\"></span>a </div></td><td></td><td class=\"c x709 y1602 w21 h1d\"><div class=\"t_1 m0_1 x2b hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">32,67 </div></td><td class=\"c x70a y1602 w223 h1d\"><div class=\"t_1 m0_1 xf hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">32,67 </div></td><td class=\"c x70d y1602 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1603 w21f h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Energ\u00edas de l<span class=\"_ _2\"></span>a Mancha Eneman, S.A. (<span class=\"_ _2\"></span>a) </div></td><td class=\"c x707 y1603 w220 h72\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Villart<span class=\"_ _2\"></span>a de San Juan (Ciudad R<span class=\"_ _2\"></span>eal) </div></td><td class=\"c x708 y1603 w221 h72\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de energ\u00eda el\u00e9ctric<span class=\"_ _2\"></span>a </div></td><td></td><td class=\"c x709 y1603 w21 h72\"><div class=\"t_1 m0_1 x2b hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">34,89 </div></td><td class=\"c x70a y1603 w223 h72\"><div class=\"t_1 m0_1 xf hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">34,89 </div></td><td class=\"c x70d y1603 w2a h72\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1604 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Puer<span class=\"_ _2\"></span>tollano, S.L.U. (a) </div></td><td class=\"c x707 y1604 w220 h1d\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid </div></td><td class=\"c x708 y1604 w221 h1d\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de energ\u00eda el\u00e9ctric<span class=\"_ _2\"></span>a </div></td><td></td><td class=\"c x709 y1604 w21 h1d\"><div class=\"t_1 m0_1 x1f hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1604 w223 h1d\"><div class=\"t_1 m0_1 xe hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1604 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1605 w21f h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioener<span class=\"_ _2\"></span>g\u00eda Santamar\u00eda, S.A (a) </div></td><td class=\"c x707 y1605 w220 h72\"><div class=\"t_1 m0_1 x20 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Lucena (Cor<span class=\"_ _2\"></span>doba) </div></td><td class=\"c x708 y1605 w221 h72\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de energ\u00eda el\u00e9ctric<span class=\"_ _2\"></span>a </div></td><td></td><td class=\"c x709 y1605 w21 h72\"><div class=\"t_1 m0_1 x2f hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">35,7 </div></td><td class=\"c x70a y1605 w223 h72\"><div class=\"t_1 m0_1 x82 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">35,7 </div></td><td class=\"c x70d y1605 w2a h72\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1606 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence CO2, S.L.U. </div></td><td class=\"c x707 y1606 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1606 w221 h1d\"><div class=\"t_1 m0_1 x1d hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Inactiva </div></td><td></td><td class=\"c x709 y1606 w21 h1d\"><div class=\"t_1 m0_1 xc hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1606 w223 h1d\"><div class=\"t_1 m0_1 x2a hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1606 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1607 w21f h131\"><div class=\"t_1 m0_1 x10 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes CH4, S.L.U. (*) </div></td><td class=\"c x707 y1607 w220 h131\"><div class=\"t_1 m0_1 x31 hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x70e y1608 w4b0 h21a\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de biog\u00e1s y<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x709 y1607 w21 h131\"><div class=\"t_1 m0_1 xc hf y919 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1607 w223 h131\"><div class=\"t_1 m0_1 x2a hf y919 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1607 w2a h131\"><div class=\"t_1 m0_1 x3a hf y919 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td></td><td></td><td class=\"c x70f y1609 w4b1 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">fertilizant<span class=\"_ _2\"></span>es<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x706 y160a w21f h72\"><div class=\"t_1 m0_1 x10 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">BioCH4 Devel<span class=\"_ _2\"></span>opments, S.L.  (c)  <span class=\"_ _2\"></span>(e) </div></td><td class=\"c x707 y160a w220 h72\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y160a w221 h72\"><div class=\"t_1 m0_1 x31 hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Desarrol<span class=\"_ _2\"></span>lo plantas de bio<span class=\"_ _2\"></span>g\u00e1s<span class=\"_ _3\"></span> </div></td><td></td><td class=\"c x709 y160a w21 h72\"><div class=\"t_1 m0_1 x1f hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y160a w223 h72\"><div class=\"t_1 m0_1 xe hf y77 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">60<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y160a w2a h72\"><div class=\"t_1 m0_1 x3a hf y77 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y160b w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Biog\u00e1s San Este<span class=\"_ _2\"></span>ban de Lite<span class=\"_ _2\"></span>ra, S.L.U. (e) </div></td><td class=\"c x707 y160b w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y160b w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y160b w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y160b w223 h1d\"><div class=\"t_1 m0_1 x2a hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y160b w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y160c w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes y biomet<span class=\"_ _2\"></span>ano Laguna de Negrill<span class=\"_ _2\"></span>os , S.L.U. ( e) </div></td><td class=\"c x707 y160c w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y160c w221 h72\"><div class=\"t_1 m0_1 x32 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y160c w21 h72\"><div class=\"t_1 m0_1 xc hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y160c w223 h72\"><div class=\"t_1 m0_1 x2a hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y160c w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y160d w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes Xunqueir<span class=\"_ _2\"></span>a de Ambia , S.L.U. ( e) </div></td><td class=\"c x707 y160d w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y160d w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y160d w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y160d w223 h1d\"><div class=\"t_1 m0_1 x2a hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y160d w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y160e w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes ALMACELLES, S.L.U. ( <span class=\"_ _2\"></span>e) </div></td><td class=\"c x707 y160e w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y160e w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y160e w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y160e w223 h1d\"><div class=\"t_1 m0_1 x2a hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y160e w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y160f w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes CARMONA, S.L.U. (<span class=\"_ _2\"></span> e) </div></td><td class=\"c x707 y160f w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y160f w221 h72\"><div class=\"t_1 m0_1 x32 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y160f w21 h72\"><div class=\"t_1 m0_1 xc hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y160f w223 h72\"><div class=\"t_1 m0_1 x2a hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y160f w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1610 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes y biomet<span class=\"_ _2\"></span>ano LUCILLOS, S.L.U. ( e) </div></td><td class=\"c x707 y1610 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1610 w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1610 w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1610 w223 h1d\"><div class=\"t_1 m0_1 x2a hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1610 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1611 w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes BARBASTRO, S.L.U. ( e<span class=\"_ _2\"></span>) </div></td><td class=\"c x707 y1611 w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1611 w221 h72\"><div class=\"t_1 m0_1 x32 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1611 w21 h72\"><div class=\"t_1 m0_1 xc hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1611 w223 h72\"><div class=\"t_1 m0_1 x2a hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1611 w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1612 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes SANTOVENIA DEL E<span class=\"_ _2\"></span>SLA, S.L.U. ( e) </div></td><td class=\"c x707 y1612 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1612 w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1612 w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1612 w223 h1d\"><div class=\"t_1 m0_1 x2a hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1612 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1613 w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes ZUERA, S.L.U. ( e)<span class=\"_ _2\"></span> </div></td><td class=\"c x707 y1613 w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1613 w221 h72\"><div class=\"t_1 m0_1 x32 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1613 w21 h72\"><div class=\"t_1 m0_1 xc hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1613 w223 h72\"><div class=\"t_1 m0_1 x2a hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1613 w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1614 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes VILLAGRASSA, S.L.U. (<span class=\"_ _2\"></span> e) </div></td><td class=\"c x707 y1614 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1614 w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1614 w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1614 w223 h1d\"><div class=\"t_1 m0_1 x2a hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1614 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1615 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes PELEAS DE ABAJO, <span class=\"_ _2\"></span>S.L.U. ( e) </div></td><td class=\"c x707 y1615 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1615 w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1615 w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1615 w223 h1d\"><div class=\"t_1 m0_1 x2a hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1615 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1616 w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes BELLVIS, S.L.U. ( e<span class=\"_ _2\"></span>) </div></td><td class=\"c x707 y1616 w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1616 w221 h72\"><div class=\"t_1 m0_1 x32 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1616 w21 h72\"><div class=\"t_1 m0_1 xc hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1616 w223 h72\"><div class=\"t_1 m0_1 x2a hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1616 w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1617 w21f h131\"><div class=\"t_1 m0_1 x10 hf yca5 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes La Galer<span class=\"_ _2\"></span>a, S.L.U. (a) ( e) </div></td><td class=\"c x707 y1617 w220 h131\"><div class=\"t_1 m0_1 x31 hf yca5 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x710 y1618 w4b2 h216\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Producci\u00f3<span class=\"_ _2\"></span>n y venta de biog\u00e1s y<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x709 y1617 w21 h131\"><div class=\"t_1 m0_1 xc hf yca5 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1617 w223 h131\"><div class=\"t_1 m0_1 x2a hf yca5 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1617 w2a h131\"><div class=\"t_1 m0_1 x3a hf yca5 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td></td><td></td><td class=\"c x711 y1619 w4b3 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">biometano<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x706 y161a w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes RIBERA DEL FRESNO, <span class=\"_ _2\"></span>S.L.U. (d) </div></td><td class=\"c x707 y161a w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y161a w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y161a w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y161a w223 h1d\"><div class=\"t_1 m0_1 x1_1 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70d y161a w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y161b w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes PEDRAJAS DE SAN E<span class=\"_ _2\"></span>STEBAN, S.L.U. (d) </div></td><td class=\"c x707 y161b w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y161b w221 h72\"><div class=\"t_1 m0_1 x32 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y161b w21 h72\"><div class=\"t_1 m0_1 xc hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y161b w223 h72\"><div class=\"t_1 m0_1 x1_1 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70d y161b w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y161c w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes NAVALMANZANO, S<span class=\"_ _2\"></span>.L.U. (d) </div></td><td class=\"c x707 y161c w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y161c w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y161c w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y161c w223 h1d\"><div class=\"t_1 m0_1 x1_1 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70d y161c w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y161d w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes COGECES DEL MON<span class=\"_ _2\"></span>TE, S.L.U. (d) </div></td><td class=\"c x707 y161d w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y161d w221 h72\"><div class=\"t_1 m0_1 x32 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y161d w21 h72\"><div class=\"t_1 m0_1 xc hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y161d w223 h72\"><div class=\"t_1 m0_1 x1_1 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70d y161d w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y161e w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes BELCHITE, S.L.U. (d) </div></td><td class=\"c x707 y161e w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y161e w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y161e w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y161e w223 h1d\"><div class=\"t_1 m0_1 x1_1 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70d y161e w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y161f w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes CABALLAR, S.L.U. (d) </div></td><td class=\"c x707 y161f w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y161f w221 h72\"><div class=\"t_1 m0_1 x32 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y161f w21 h72\"><div class=\"t_1 m0_1 xc hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y161f w223 h72\"><div class=\"t_1 m0_1 x1_1 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70d y161f w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1620 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes ECIJA, S.L.U. (d) </div></td><td class=\"c x707 y1620 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1620 w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1620 w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1620 w223 h1d\"><div class=\"t_1 m0_1 x1_1 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70d y1620 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1621 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Bioferti<span class=\"_ _2\"></span>lizantes LA PUEBLA DE CAZALL<span class=\"_ _2\"></span>A, S.L.U. (d) </div></td><td class=\"c x707 y1621 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1621 w221 h1d\"><div class=\"t_1 m0_1 x32 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(***)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1621 w21 h1d\"><div class=\"t_1 m0_1 xc hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">100<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1621 w223 h1d\"><div class=\"t_1 m0_1 x1_1 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70d y1621 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1622 w21f h31\"><div class=\"t_1 m0_1 x10 hf y116 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Biometag\u00e1s La <span class=\"_ _2\"></span>Galera, S.L. ( d) (<span class=\"_ _2\"></span> e) </div></td><td class=\"c x707 y1622 w220 h31\"><div class=\"t_1 m0_1 x31 hf y116 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x712 y1623 w4b4 h21b\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Producci\u00f3<span class=\"_ _2\"></span>n y venta de e<span class=\"_ _2\"></span>nerg\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x709 y1622 w21 h31\"><div class=\"t_1 m0_1 x1f hf y116 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">98<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1622 w223 h31\"><div class=\"t_1 m0_1 xe hf y116 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">98<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1622 w2a h31\"><div class=\"t_1 m0_1 x3a hf y116 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td></td><td></td><td class=\"c x713 y1624 w4b5 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">consider<span class=\"_ _2\"></span>ada ecol\u00f3gica<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x706 y1625 w21f h2c\"><div class=\"t_1 m0_1 x10 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Infraestr<span class=\"_ _2\"></span>ucturas Biometag\u00e1s, S.L.U. ( <span class=\"_ _2\"></span>d) ( e) </div></td><td class=\"c x707 y1625 w220 h2c\"><div class=\"t_1 m0_1 x31 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x714 y1626 w4b6 h216\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Comerciali<span class=\"_ _2\"></span>zaci\u00f3n de gas por<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x709 y1625 w21 h2c\"><div class=\"t_1 m0_1 x3a hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></td><td class=\"c x70a y1625 w223 h2c\"><div class=\"t_1 m0_1 xe hf yf1 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">98<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1625 w2a h2c\"><div class=\"t_1 m0_1 x3a hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td></td><td></td><td class=\"c x715 y1627 w4b7 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">tuber\u00eda<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x706 y1628 w21f h2c\"><div class=\"t_1 m0_1 x10 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon Servic<span class=\"_ _2\"></span>ios Energ\u00e9ti<span class=\"_ _2\"></span>cos, S.L. (a) </div></td><td class=\"c x707 y1628 w220 h2c\"><div class=\"t_1 m0_1 x31 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x716 y1629 w4b8 h216\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Explotaci\u00f3<span class=\"_ _2\"></span>n de calderas d<span class=\"_ _2\"></span>e<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x709 y1628 w21 h2c\"><div class=\"t_1 m0_1 x2f hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">75,5 </div></td><td class=\"c x70a y1628 w223 h2c\"><div class=\"t_1 m0_1 x82 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">75,5 </div></td><td class=\"c x70d y1628 w2a h2c\"><div class=\"t_1 m0_1 x3a hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td></td><td></td><td class=\"c x717 y162a w4b9 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">biomasa<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x706 y162b w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon Biomasa, S.L.<span class=\"_ _2\"></span>U. (a) </div></td><td class=\"c x707 y162b w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y162b w221 h1d\"><div class=\"t_1 m0_1 xe hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Comerciali<span class=\"_ _2\"></span>zaci\u00f3n biomasa </div></td><td></td><td class=\"c x709 y162b w21 h1d\"><div class=\"t_1 m0_1 x1f hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y162b w223 h1d\"><div class=\"t_1 m0_1 xe hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y162b w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y162c w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Este<span class=\"_ _2\"></span>, S.L.U. </div></td><td class=\"c x707 y162c w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y162c w221 h72\"><div class=\"t_1 m0_1 x16 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y162c w21 h72\"><div class=\"t_1 m0_1 x1f hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y162c w223 h72\"><div class=\"t_1 m0_1 xe hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y162c w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y162d w21f ha2\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Extr<span class=\"_ _2\"></span>emadura 2, S.L.U. </div></td><td class=\"c x707 y162d w220 ha2\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y162d w221 ha2\"><div class=\"t_1 m0_1 x16 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y162d w21 ha2\"><div class=\"t_1 m0_1 x1f hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y162d w223 ha2\"><div class=\"t_1 m0_1 xe hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y162d w2a ha2\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y162e w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Cel<span class=\"_ _2\"></span>ta, S.L.U.  </div></td><td class=\"c x707 y162e w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y162e w221 h72\"><div class=\"t_1 m0_1 x16 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y162e w21 h72\"><div class=\"t_1 m0_1 x1f hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y162e w223 h72\"><div class=\"t_1 m0_1 xe hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y162e w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y162f w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Cast<span class=\"_ _2\"></span>illa y Le\u00f3<span class=\"_ _2\"></span>n, S.L.U. </div></td><td class=\"c x707 y162f w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y162f w221 h1d\"><div class=\"t_1 m0_1 x16 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y162f w21 h1d\"><div class=\"t_1 m0_1 x1f hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y162f w223 h1d\"><div class=\"t_1 m0_1 xe hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y162f w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1630 w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Cast<span class=\"_ _2\"></span>illa y Le\u00f3<span class=\"_ _2\"></span>n Dos, S.L.U. </div></td><td class=\"c x707 y1630 w220 h72\"><div class=\"t_1 m0_1 x31 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1630 w221 h72\"><div class=\"t_1 m0_1 x16 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1630 w21 h72\"><div class=\"t_1 m0_1 x1f hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1630 w223 h72\"><div class=\"t_1 m0_1 xe hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1630 w2a h72\"><div class=\"t_1 m0_1 x3a hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1631 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Pa<span class=\"_ _2\"></span>mi, S.L.U. </div></td><td class=\"c x707 y1631 w220 h1d\"><div class=\"t_1 m0_1 x31 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1631 w221 h1d\"><div class=\"t_1 m0_1 x16 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x709 y1631 w21 h1d\"><div class=\"t_1 m0_1 x1f hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1631 w223 h1d\"><div class=\"t_1 m0_1 xe hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1631 w2a h1d\"><div class=\"t_1 m0_1 x3a hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1632 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Biomasa C\u00f3<span class=\"_ _2\"></span>rdoba, S.L.U </div></td><td class=\"c x707 y1632 w220 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1632 w221 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td class=\"c x709 y1632 w21 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1632 w223 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x70d y1632 w2a h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1633 w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ancen Solar III, S.L.U<span class=\"_ _2\"></span>. </div></td><td class=\"c x707 y1633 w220 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1633 w221 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td class=\"c x709 y1633 w21 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1633 w223 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x70d y1633 w2a h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1634 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Granada 133 Solar<span class=\"_ _2\"></span>, S.L.U. </div></td><td class=\"c x707 y1634 w220 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y1634 w221 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td class=\"c x709 y1634 w21 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1634 w223 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td></td><td class=\"c x70d y1634 w2a h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr></table>(a) Cuentas a<span class=\"_ _2\"></span>nuales auditadas (b) M\u00e9to<span class=\"_ _2\"></span>do de consolidaci\u00f3n:  I.G. <span class=\"_ _2\"></span>(integraci\u00f3n glo<span class=\"_ _2\"></span>bal); M.P. (M\u00e9to<span class=\"_ _2\"></span>do de participaci\u00f3n)<span class=\"_ _2\"></span>; I.P. (integraci\u00f3n <span class=\"_ _2\"></span>proporcional) (c) <span class=\"ls0_1\">Durante el e<span class=\"_ _2\"></span>jercicio 2025, la soci<span class=\"_ _2\"></span>edad Ence Molde<span class=\"_ _2\"></span>d Fiber, S.L.U. (anter<span class=\"_ _2\"></span>iormente Bio<span class=\"_ _2\"></span>g\u00e1s Almacelles, S.L.U.) se ha tras<span class=\"_ _2\"></span>pasado </span>desde Ence R<span class=\"_ _2\"></span>enovables a Ence<span class=\"_ _2\"></span> (ver Nota 6). (d) Variac<span class=\"_ _2\"></span>iones del per\u00edmet<span class=\"_ _2\"></span>ro durante el eje<span class=\"_ _2\"></span>rcicio 202<span class=\"ls4\">5 </span>(ver Nota <span class=\"_ _2\"></span>6). (e) Variac<span class=\"_ _2\"></span>iones del per\u00edmet<span class=\"_ _2\"></span>ro durante el eje<span class=\"_ _2\"></span>rcicio 2024 (ver Not<span class=\"_ _2\"></span>a 6). (f) Cambio de d<span class=\"_ _2\"></span>enominaci\u00f3n <span class=\"_ _2\"></span>en 202<span class=\"ls4\">5:</span> .-Ence Molded Fi<span class=\"_ _2\"></span>ber, S.L.U. ;  anteri<span class=\"_ _2\"></span>ormente Biog\u00e1s Almace<span class=\"_ _2\"></span>lles, S.L.U. .-Biofert<span class=\"_ _2\"></span>ilizantes CH4, S.L.U.;  anter<span class=\"_ _2\"></span>iormente Ence Bi<span class=\"_ _2\"></span>og\u00e1s .-Biog\u00e1s San Esteban <span class=\"_ _2\"></span>de Litera, S.L.U.;<span class=\"_ _2\"></span> anterior<span class=\"_ _2\"></span>mente Biog\u00e1s San Esteban, S.L.U. <span class=\"_ _2\"></span> .-Biofert<span class=\"_ _2\"></span>ilizantes Xunqueir<span class=\"_ _2\"></span>a de Ambia , S.L.U.;  anteriorment<span class=\"_ _2\"></span>e Biofert<span class=\"_ _2\"></span>ilizantes y biometano<span class=\"_ _2\"></span> Sertogal Xunqueiras<span class=\"_ _2\"></span> , S.L.U. .-Biofert<span class=\"_ _2\"></span>ilizantes ALMACELLES, S.L.U.;<span class=\"_ _2\"></span>  anteriormente<span class=\"_ _2\"></span> Biofertilizant<span class=\"_ _2\"></span>es y biometano ALMACELLES<span class=\"_ _2\"></span>, S.L.U.  .-Biofert<span class=\"_ _2\"></span>ilizantes CARMONA, S.L.U.<span class=\"_ _2\"></span>;  anteriorment<span class=\"_ _2\"></span>e Biofertilizantes <span class=\"_ _2\"></span>y biometano CARMON<span class=\"_ _2\"></span>A, S.L.U. .-Biofert<span class=\"_ _2\"></span>ilizantes BARBASTRO, S.L.U.;  <span class=\"_ _2\"></span>anterior<span class=\"_ _2\"></span>mente Biofertilizante<span class=\"_ _2\"></span>s y biometano B<span class=\"_ _2\"></span>ARBASTRO, S.L.U. .-Biofert<span class=\"_ _2\"></span>ilizantes SANTOVENIA DEL ES<span class=\"_ _2\"></span>LA, S.L.U.;  anterior<span class=\"_ _2\"></span>mente Biofertil<span class=\"_ _2\"></span>izantes y biometan<span class=\"_ _2\"></span>o SANTOVENIA DEL ESLA, S<span class=\"_ _2\"></span>.L.U. .-Biofert<span class=\"_ _2\"></span>ilizantes ZUERA, S.L.U.;  anter<span class=\"_ _2\"></span>iormente B<span class=\"_ _2\"></span>iofertilizantes y bi<span class=\"_ _2\"></span>ometano ZUERA, S.L.U. .-Biofert<span class=\"_ _2\"></span>ilizantes VILLAGRASSA, S.L.U.<span class=\"_ _2\"></span>;  anteriorment<span class=\"_ _2\"></span>e Biofertilizantes <span class=\"_ _2\"></span>y biometano XUNQUEIRAS<span class=\"_ _2\"></span>, S.L.U. .-Biofert<span class=\"_ _2\"></span>ilizantes PELEAS DE ABAJO, S<span class=\"_ _2\"></span>.L.U.;  anterio<span class=\"_ _2\"></span>rmente Biofe<span class=\"_ _2\"></span>rtilizantes y biometano<span class=\"_ _2\"></span> PELEAS DE ABAJO, S.L.U<span class=\"_ _2\"></span>. .-Biofert<span class=\"_ _2\"></span>ilizantes BELLVIS, S.L.U.;  ante<span class=\"_ _2\"></span>riormente Bi<span class=\"_ _2\"></span>ofertilizantes y b<span class=\"_ _2\"></span>iometano CASTELLAR, S.L.U. .-Biofert<span class=\"_ _2\"></span>ilizantes La Galera, S.L.U.;  an<span class=\"_ _2\"></span>terior<span class=\"_ _2\"></span>mente Biofertilizant<span class=\"_ _2\"></span>es y biometano CAMARLES, S<span class=\"_ _2\"></span>.L.U. (**) Soci<span class=\"_ _2\"></span>edades que actualment<span class=\"_ _2\"></span>e se encuentr<span class=\"_ _2\"></span>an en fase de tramitac<span class=\"_ _2\"></span>i\u00f3n administrat<span class=\"_ _2\"></span>iva de nuevas p<span class=\"_ _2\"></span>lantas de generaci\u00f3n <span class=\"_ _2\"></span>de energ\u00eda renovable. (***) Soc<span class=\"_ _2\"></span>iedades que actualment<span class=\"_ _2\"></span>e se encuentr<span class=\"_ _2\"></span>an en fase de tramit<span class=\"_ _2\"></span>aci\u00f3n administr<span class=\"_ _2\"></span>ativa para <span class=\"_ _2\"></span>nuevas plantas de  gest<span class=\"_ _2\"></span>i\u00f3n y producci\u00f3n de biog\u00e1s y b<span class=\"_ _2\"></span>iometano.<table class=\"s w4ba h21c\" id=\"_f6b24482-4fb5-467c-835f-fd49f4005452\"><tr><td></td><td></td><td></td><td class=\"c x718 y1635 w4ab h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">% de parti<span class=\"_ _2\"></span>cipaci\u00f3n<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x719 y1636 w4ac h21d\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">M\u00e9todo d<span class=\"_ _2\"></span>e<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x718 y1637 w4ad h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">direct<span class=\"_ _2\"></span>a o indirecta<span class=\"_ _65\"> </span></div></td><td></td><td class=\"c x719 y1638 w39f h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">consoli<span class=\"_ _2\"></span>daci\u00f3n<span class=\"_ _65\"> </span></div></td></tr><tr><td class=\"c x706 y1639 w21f ha8\"><div class=\"t_1 m0_1 x10 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedad  </div></td><td class=\"c x707 y1639 w220 ha8\"><div class=\"t_1 m0_1 x10 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Domicilio </div></td><td class=\"c x708 y1639 w221 ha8\"><div class=\"t_1 m0_1 x10 hf y47 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Actividad </div></td><td></td><td></td><td class=\"c x719 y163a w4ae h153\"><div class=\"t_1 m0_1 x1c9 hf yf6a ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(b)<span class=\"_ _65\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x709 y163b w21 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">2025<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y163b w223 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">2024<span class=\"ls0_1\"> </span></div></td><td></td></tr><tr><td class=\"c x706 y163c w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Sevilla 90 Sol<span class=\"_ _2\"></span>ar, S.L.U. </div></td><td class=\"c x707 y163c w220 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y163c w221 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td class=\"c x709 y163c w21 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y163c w223 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y163c w2a h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y163d w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ancen Solar IV, S.L.U. ( e<span class=\"_ _2\"></span>) </div></td><td class=\"c x707 y163d w220 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y163d w221 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td class=\"c x709 y163d w21 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">19,21 </div></td><td class=\"c x70a y163d w223 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">19,21 </div></td><td class=\"c x70d y163d w2a h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y163e w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ancen Solar V, S.L.U.<span class=\"_ _2\"></span> </div></td><td class=\"c x707 y163e w220 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y163e w221 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td class=\"c x709 y163e w21 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y163e w223 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y163e w2a h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y163f w21f h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda Puer<span class=\"_ _2\"></span>tollano 2, S.L.U. </div></td><td class=\"c x707 y163f w220 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Est\u00e9banez Calder<span class=\"_ _2\"></span>\u00f3n, 3-5 (Madrid) </div></td><td class=\"c x708 y163f w221 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls8 ws0_1\">(**)<span class=\"ls0_1\"> </span></div></td><td class=\"c x709 y163f w21 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y163f w223 h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">51<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y163f w2a h72\"><div class=\"t_1 m0_1 x10 hf y5b ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">I.G. </div></td></tr><tr><td class=\"c x706 y1640 w21f h2c\"><div class=\"t_1 m0_1 x10 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Oleoene<span class=\"_ _2\"></span>rg\u00eda de Puertoll<span class=\"_ _2\"></span>ano, S.L. </div></td><td class=\"c x707 y1640 w220 h2c\"><div class=\"t_1 m0_1 x10 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Arruzafa, 21 (C\u00f3rdo<span class=\"_ _2\"></span>ba) </div></td><td class=\"c x710 y1641 w4b4 h158\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Producci\u00f3<span class=\"_ _2\"></span>n y venta de e<span class=\"_ _2\"></span>nerg\u00eda<span class=\"_ _65\"> </span></div></td><td class=\"c x709 y1640 w21 h2c\"><div class=\"t_1 m0_1 x10 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">15,3 </div></td><td class=\"c x70a y1640 w223 h2c\"><div class=\"t_1 m0_1 x10 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">15,3 </div></td><td class=\"c x70d y1640 w2a h2c\"><div class=\"t_1 m0_1 x10 hf yf1 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">M.P. </div></td></tr><tr><td></td><td></td><td class=\"c x710 y1642 w4bb h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x706 y1643 w21f ha8\"><div class=\"t_1 m0_1 x10 hf y10f ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Promotores <span class=\"_ _2\"></span>Atarfe 220 KV, AIE </div></td><td class=\"c x71a y1644 w4bc h215\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Paseo de la <span class=\"_ _2\"></span>Castellana, 163<span class=\"_ _65\"> </span></div></td><td class=\"c x710 y1644 w4bd h215\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Desarrol<span class=\"_ _2\"></span>lo y construcci\u00f3n<span class=\"_ _65\"> </span></div></td><td class=\"c x709 y1643 w21 ha8\"><div class=\"t_1 m0_1 x10 hf y10f ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">36,15 </div></td><td class=\"c x70a y1643 w223 ha8\"><div class=\"t_1 m0_1 x10 hf y10f ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\"> 36,15  </div></td><td class=\"c x70d y1643 w2a ha8\"><div class=\"t_1 m0_1 x10 hf y10f ff3 fs5 fc0_1 sc0_1 ls45 ws0_1\">I.P<span class=\"ls0_1\"> </span></div></td></tr><tr><td></td><td class=\"c x71a y1645 w4be h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">(Madrid)<span class=\"_ _65\"> </span></div></td><td class=\"c x710 y1645 w4bf h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">plantas de<span class=\"_ _2\"></span> generaci\u00f3n de<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x710 y1646 w4c0 h156\"><div class=\"t_1 m0_1 x1c9 hf yf6d ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda re<span class=\"_ _2\"></span>novable<span class=\"_ _65\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x706 y1647 w21f h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Magnon - Juan Mar<span class=\"_ _2\"></span>\u00eda Estevez UTE </div></td><td class=\"c x707 y1647 w220 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Orense, 58 (M<span class=\"_ _2\"></span>adrid) </div></td><td class=\"c x708 y1647 w221 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Gesti\u00f3n <span class=\"_ _2\"></span>de residuos forest<span class=\"_ _2\"></span>ales </div></td><td class=\"c x709 y1647 w21 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">65<span class=\"ls0_1\"> </span></div></td><td class=\"c x70a y1647 w223 h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls4 ws0_1\">65<span class=\"ls0_1\"> </span></div></td><td class=\"c x70d y1647 w2a h1d\"><div class=\"t_1 m0_1 x10 hf y74 ff3 fs5 fc0_1 sc0_1 ls45 ws0_1\">I.P<span class=\"ls0_1\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-12-31T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}