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  "fact-5": {
   "value": "El objeto social de la Sociedad dominante consiste principalmente en: 1.  Instalaci\u00f3n  y  reparaci\u00f3n  de  instalaciones  de  energ\u00eda solar,  t\u00e9rmica  y  fotovoltaica,  energ\u00eda e\u00f3lica y cualquier otro tipo de energ\u00eda renovable. 2.  Instalaci\u00f3n y reparaci\u00f3n de fontaner\u00eda, gas, electricidad, frio, calor y acondicionamiento de aire.  3.  Realizaci\u00f3n y ejecuci\u00f3n de proyectos t\u00e9cnicos de los apartados anteriores. 4.  Prestaci\u00f3n de servicios de mantenimiento y conservaci\u00f3n de las obras efectuadas ya sea por la propia sociedad o por terceros. 5.  Fabricaci\u00f3n  de  m\u00f3dulos,  c\u00e9lulas  y  componentes  de  energ\u00eda  solar,  t\u00e9rmica  y  fotovoltaica, energ\u00eda e\u00f3lica y otras energ\u00edas renovables.  Las actividades principales del Grupo durante los ejercicios de 2025 y 2024 han sido la generaci\u00f3n y venta de energ\u00eda.  Las acciones de la Sociedad dominante est\u00e1n admitidas a cotizaci\u00f3n en las cuatro Bolsas Oficiales espa\u00f1olas y cotizan en el mercado continuo desde el 19 de junio de 2007. Desde el 19 de octubre de 2020 las acciones de la Sociedad dominante forman parte del IBEX 35.  Solaria es la sociedad matriz de un Grupo formado por 115 entidades a 31 de diciembre de 2025 (105 a 31 de diciembre de 2024), todas ellas participadas al 100%, a excepci\u00f3n de Indarberri, S.L. que est\u00e1 participada al 75% (Nota 12.5). La mayor\u00eda de las sociedades  del Grupo Solaria  tienen como objeto social  y  actividad principal la explotaci\u00f3n de plantas solares fotovoltaicas tanto en Espa\u00f1a como en el resto de pa\u00edses donde est\u00e1n ubicadas. La informaci\u00f3n relativa a las empresas del Grupo  a 31 de diciembre de 2025 y 2024 se presenta en el Anexo. En la misma fecha que las presentes cuentas anuales consolidadas, los Administradores de la Sociedad dominante  han  formulado  las  cuentas  anuales  de  Solaria  Energ\u00eda  y  Medio  Ambiente,  S.A. correspondientes al ejercicio anual terminado el 31 de diciembre de 2025.  Las cuentas anuales individuales y consolidadas de Solaria Energ\u00eda y Medio Ambiente, S.A. a 31 de diciembre de 2024 fueron aprobadas por la Junta General de Accionistas el 26 de junio de 2025 y est\u00e1n depositadas en el Registro Mercantil de Madrid.",
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  "fact-6": {
   "value": "2.<span class=\"ls0\"> <span class=\"_ _a\"> </span>Bases <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>present<span class=\"_ _1\"></span>aci\u00f3<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>cuen<span class=\"_ _1\"></span>tas <span class=\"_ _6\"></span>anu<span class=\"_ _1\"></span>ales <span class=\"_ _10\"></span>consol<span class=\"_ _1\"></span>ida<span class=\"_ _1\"></span>das, <span class=\"_ _10\"></span>princi<span class=\"_ _1\"></span>pios <span class=\"_ _10\"></span>de </span>cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>aci\u00f3n y<span class=\"_ _1\"></span> ma<span class=\"_ _1\"></span>rco <span class=\"_ _1\"></span>regul<span class=\"_ _1\"></span>atori<span class=\"_ _6\"></span>o 2.1<span class=\"ls0\"> <span class=\"_ _11\"> </span>Base<span class=\"_ _1\"></span>s de p<span class=\"_ _6\"></span>resenta<span class=\"_ _1\"></span>ci\u00f3n e <span class=\"_ _6\"></span>imagen <span class=\"_ _1\"></span>fiel </span>Las cuenta<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>uales c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nsolidadas <span class=\"_ _6\"></span>del Grupo <span class=\"_ _1\"></span>Solaria <span class=\"_ _6\"></span>del ejercici<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>2025 han <span class=\"_ _1\"></span>sido <span class=\"_ _6\"></span>elaboradas de <span class=\"_ _6\"></span>acuerdo con <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>establecido en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>Normas <span class=\"_ _0\"></span>Internacionales de <span class=\"_ _0\"></span>Informaci\u00f3n Financiera, <span class=\"_ _0\"></span>adoptadas <span class=\"_ _0\"></span>por la <span class=\"_ _0\"></span>Uni\u00f3n Europea (NII<span class=\"_ _1\"></span>F-UE) y <span class=\"_ _6\"></span>dem\u00e1s <span class=\"_ _1\"></span>disposiciones <span class=\"_ _1\"></span>del mar<span class=\"_ _6\"></span>co<span class=\"_ _0\"></span> n<span class=\"_ _6\"></span>ormativo de in<span class=\"_ _1\"></span>formaci\u00f3n <span class=\"_ _6\"></span>financiera q<span class=\"_ _1\"></span>ue resultan<span class=\"_ _6\"></span> de aplicaci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>est\u00e1n en <span class=\"_ _0\"></span>vigor el <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre de 20<span class=\"_ _0\"></span>25 co<span class=\"_ _0\"></span>n el <span class=\"_ _0\"></span>objeto de <span class=\"_ _0\"></span>mostrar la <span class=\"_ _0\"></span>imagen fiel <span class=\"_ _0\"></span>del patrimonio <span class=\"_ _1\"></span>consolidado <span class=\"_ _6\"></span>y de <span class=\"_ _1\"></span>la situa<span class=\"_ _1\"></span>ci\u00f3n finan<span class=\"_ _1\"></span>ciera <span class=\"_ _1\"></span>consolidada <span class=\"_ _6\"></span>de Solaria <span class=\"_ _6\"></span>Energ\u00eda y <span class=\"_ _6\"></span>Medio Ambien<span class=\"_ _1\"></span>te, S.<span class=\"ls11\">A.</span> <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>sociedades <span class=\"_ _c\"></span>dependientes <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>dicie<span class=\"_ _1\"></span>mbre <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span><span class=\"lsf\">20</span>25, <span class=\"_ _7\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>resultados <span class=\"_ _c\"></span>consolidados <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>sus operaciones, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cambios <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>patrimonio <span class=\"_ _e\"></span>neto <span class=\"_ _0\"></span>consolidado <span class=\"_ _e\"></span>y <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>flujos <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>efectivo <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsolidados correspondientes al <span class=\"_ _1\"></span>ejercicio anual t<span class=\"_ _1\"></span>erminado en dicha<span class=\"_ _6\"></span> fecha.  Estas <span class=\"_ _1\"></span>cuentas <span class=\"_ _6\"></span>anuales <span class=\"_ _6\"></span>consolidadas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _1\"></span>2025 <span class=\"_ _6\"></span>formuladas <span class=\"_ _6\"></span>por el <span class=\"_ _6\"></span>Consejo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Administraci\u00f3n d<span class=\"_ _6\"></span>e la <span class=\"_ _e\"></span>Sociedad <span class=\"_ _b\"></span>dominante, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>someter\u00e1n <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>aprobaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>Junta <span class=\"_ _e\"></span>General <span class=\"_ _b\"></span>Ordinaria <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Accionistas, estim\u00e1ndose que s<span class=\"_ _6\"></span>er\u00e1n aprobadas sin modificaci<span class=\"_ _1\"></span>\u00f3n alguna. Las <span class=\"_ _7\"></span>cuentas <span class=\"_ _c\"></span>anuales <span class=\"_ _7\"></span>conso<span class=\"_ _1\"></span>lidadas <span class=\"_ _c\"></span>del <span class=\"_ _7\"> </span>ejercicio <span class=\"_ _c\"></span>202<span class=\"_ _0\"></span>5 <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>han <span class=\"_ _7\"></span>preparado <span class=\"_ _c\"></span>a <span class=\"_ _7\"></span>partir <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _7\"></span>registr<span class=\"_ _1\"></span>os <span class=\"_ _7\"></span>de contabilidad <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>Sociedad <span class=\"_ _b\"></span>do<span class=\"_ _0\"></span>minante <span class=\"_ _b\"></span>y <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>restantes <span class=\"_ _b\"></span>entidades <span class=\"_ _b\"></span>integradas <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _b\"></span>Grupo. <span class=\"_ _c\"></span>Cada sociedad prepara sus cuent<span class=\"_ _1\"></span>as anuales siguiendo los prin<span class=\"_ _1\"></span>cipios y criterios contable<span class=\"_ _1\"></span>s en vigor en el pa\u00eds en <span class=\"_ _b\"></span>el <span class=\"_ _c\"></span>que <span class=\"_ _b\"></span>realiza <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>operaciones<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>lo <span class=\"_ _c\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>proceso <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>consolidaci\u00f3n <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>han <span class=\"_ _c\"></span>introducido <span class=\"_ _c\"></span>los ajustes <span class=\"_ _5\"> </span>y <span class=\"_ _5\"> </span>reclasificaciones <span class=\"_ _7\"> </span>necesarios <span class=\"_ _3\"> </span>para<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>homogeneizar <span class=\"_ _5\"> </span>entre <span class=\"_ _5\"> </span>s\u00ed <span class=\"_ _5\"> </span>tales <span class=\"_ _3\"> </span>princip<span class=\"_ _1\"></span>ios <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>criterio<span class=\"_ _1\"></span>s <span class=\"_ _5\"> </span>para adecuarlos a las NIIF - <span class=\"_ _1\"></span>UE. 2.2<span class=\"ls0\"> <span class=\"_ _11\"> </span>Compa<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>aci\u00f3<span class=\"_ _6\"></span>n de la<span class=\"_ _1\"></span> info<span class=\"_ _6\"></span>rmaci\u00f3n </span>De <span class=\"_ _c\"></span>acuerdo <span class=\"_ _c\"></span>con <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>legislaci\u00f3n <span class=\"_ _c\"></span>mercantil, <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>presenta,<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>a <span class=\"_ _c\"></span>efectos <span class=\"_ _c\"></span>comparativos, <span class=\"_ _c\"></span>con <span class=\"_ _c\"></span>cada <span class=\"_ _c\"></span>una <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>las partidas <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>estado <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>informaci\u00f3n <span class=\"_ _b\"></span>financiera<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>consolidado, <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>cuenta <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>resultados <span class=\"_ _e\"></span>consolidado, del es<span class=\"_ _6\"></span>tado del <span class=\"_ _6\"></span>resultado gl<span class=\"_ _6\"></span>obal consolidad<span class=\"_ _1\"></span>o, del<span class=\"_ _6\"></span> estado <span class=\"_ _6\"></span>de cambi<span class=\"_ _1\"></span>os en <span class=\"_ _6\"></span>el p<span class=\"_ _1\"></span>atrimoni<span class=\"_ _1\"></span>o neto<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>onsolidado y <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>estado <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>flu<span class=\"_ _1\"></span>jos <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>efectivo <span class=\"_ _12\"> </span>c<span class=\"_ _1\"></span>onsolidado, <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>dem\u00e1s <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>cifras <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>ejercicio <span class=\"_ _13\"> </span>202<span class=\"_ _0\"></span>5, <span class=\"_ _12\"> </span>las correspondientes <span class=\"_ _c\"></span>al <span class=\"_ _7\"></span>ejerci<span class=\"_ _1\"></span>cio <span class=\"_ _7\"></span>anteri<span class=\"_ _1\"></span>or. <span class=\"_ _7\"></span>En <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>memoria <span class=\"_ _c\"></span>consolidada <span class=\"_ _c\"></span>tambi\u00e9n <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>incluye <span class=\"_ _7\"></span>informaci\u00f3n<span class=\"_ _1\"></span> cuantitativa <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>ejercicio <span class=\"_ _e\"></span>anterior, <span class=\"_ _0\"></span>salvo <span class=\"_ _e\"></span>cuando <span class=\"_ _e\"></span>una <span class=\"_ _0\"></span>norm<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>contable <span class=\"_ _e\"></span>espec\u00edficament<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>establece <span class=\"_ _0\"></span>que no es necesario.<span class=\"_ _38\"> </span> 2.<span class=\"ls0\">3 <span class=\"_ _11\"> </span>Camb<span class=\"_ _6\"></span>ios en <span class=\"_ _1\"></span>las p<span class=\"_ _1\"></span>ol\u00edt<span class=\"_ _1\"></span>icas<span class=\"_ _1\"></span> conta<span class=\"_ _1\"></span>bles </span>a)<span class=\"ff2 fs1 fc0 ls0\"> <span class=\"_ _14\"> </span></span><span class=\"ls0\">Normas <span class=\"_ _b\"></span>e <span class=\"_ _e\"></span>interpretaciones <span class=\"_ _e\"></span>aprobadas <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Uni\u00f3n <span class=\"_ _e\"></span>Europea <span class=\"_ _b\"></span>aplicadas <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>primera <span class=\"_ _b\"></span>vez <span class=\"_ _b\"></span>en </span>este ejercicio Las <span class=\"_ _7\"></span>pol\u00edticas <span class=\"_ _7\"></span>contables <span class=\"_ _7\"></span>util<span class=\"_ _6\"></span>izadas <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>la <span class=\"_ _7\"></span>preparaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>estas <span class=\"_ _7\"></span>cuentas <span class=\"_ _7\"></span>anuales <span class=\"_ _7\"></span>consolidadas<span class=\"_ _6\"></span> <span class=\"_ _5\"> </span>son <span class=\"_ _7\"></span>las mismas que las apli<span class=\"_ _1\"></span>cadas en el ejercicio an<span class=\"_ _1\"></span>terior, excepto por las sigu<span class=\"_ _1\"></span>ientes normas, in<span class=\"_ _1\"></span>terpretacione<span class=\"_ _1\"></span>s y modificacione<span class=\"_ _1\"></span>s que se han apl<span class=\"_ _1\"></span>icado por primera <span class=\"_ _1\"></span>vez en este ejercicio:<span class=\"_ _38\"> </span>Modificaciones a la N<span class=\"_ _1\"></span>IC 7 y NIIF 7: Acue<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>dos de financi<span class=\"_ _6\"></span>aci\u00f3n de proveedores<span class=\"_ _38\"> </span>Las <span class=\"_ _8\"> </span>modificaciones <span class=\"_ _8\"> </span>a<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>NIC <span class=\"_ _8\"> </span>7 <span class=\"_ _8\"> </span>Estado <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>flujos <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>efecti<span class=\"_ _1\"></span>vo <span class=\"_ _8\"> </span>y <span class=\"_ _8\"> </span>NIIF <span class=\"_ _8\"> </span>7 <span class=\"_ _8\"> </span>Instrument<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>financieros;<span class=\"_ _1\"></span> Informaci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>revelar <span class=\"_ _6\"></span>clarifican <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>caracter\u00edsticas <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>acuerdos <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>introducen <span class=\"_ _6\"></span>nuevos<span class=\"_ _1\"></span> desgloses <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bjetivo <span class=\"_ _6\"></span>ayudar a <span class=\"_ _6\"></span>los usuario<span class=\"_ _1\"></span>s de <span class=\"_ _6\"></span>los estados <span class=\"_ _6\"></span>financieros a <span class=\"_ _6\"></span>comprender <span class=\"_ _6\"></span>los efect<span class=\"_ _1\"></span>os de<span class=\"_ _6\"></span> estos acuerdos en l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s pasivos, fluj<span class=\"_ _1\"></span>os de efectivo y <span class=\"_ _1\"></span>en la exposici\u00f3n<span class=\"_ _1\"></span> al riesgo de liq<span class=\"_ _6\"></span>uidez.<span class=\"_ _0\"></span> Estos desgloses se d<span class=\"_ _6\"></span>et<span class=\"_ _0\"></span>allan en la no<span class=\"_ _1\"></span>ta 14.2 de la memoria<span class=\"_ _1\"></span>.  Modificaciones <span class=\"_ _c\"></span>a <span class=\"_ _7\"> </span>la <span class=\"_ _7\"> </span>NIC <span class=\"_ _c\"></span>1 <span class=\"_ _7\"> </span>Presentaci\u00f3n <span class=\"_ _c\"> </span>de <span class=\"_ _7\"> </span>estados <span class=\"_ _7\"> </span>financi<span class=\"_ _1\"></span>eros: <span class=\"_ _7\"> </span>clasificaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>pasivos <span class=\"_ _c\"></span>financieros como corrientes o no c<span class=\"_ _1\"></span>orrientes  Estas modificaciones aclaran los requerimientos que hay que <span class=\"_ _0\"></span>aplicar en la <span class=\"_ _0\"></span>clasificaci\u00f3n de los <span class=\"_ _0\"></span>pasivos<span class=\"_ _1\"></span> como <span class=\"_ _6\"></span>corrientes <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>no <span class=\"_ _1\"></span>corrientes. <span class=\"_ _10\"></span>En <span class=\"_ _1\"></span>concreto, <span class=\"_ _6\"></span>estas <span class=\"_ _6\"></span>modificaciones <span class=\"_ _6\"></span>clarifican <span class=\"_ _10\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>siguientes <span class=\"_ _6\"></span>conceptos: \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Derecho a <span class=\"_ _0\"></span>diferir <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>liquidaci\u00f3n. <span class=\"_ _0\"></span>Si <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>derecho de <span class=\"_ _0\"></span>una entidad <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>diferir <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>liquidaci\u00f3n <span class=\"_ _0\"></span>depende </span></span>de covenants futur<span class=\"_ _1\"></span>os, la entidad<span class=\"_ _1\"></span> tiene derecho a dif<span class=\"_ _1\"></span>erir el pago incl<span class=\"_ _1\"></span>uso si no cumple con <span class=\"_ _1\"></span>esos covenants futuros u<span class=\"_ _1\"></span>tilizando para su c\u00e1lculo<span class=\"_ _1\"></span> la informaci\u00f3n a la fecha<span class=\"_ _6\"></span> de <span class=\"_ _0\"></span>cierre.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Diferimientos esperad<span class=\"_ _1\"></span>os. La clasificaci\u00f3n <span class=\"_ _0\"></span>de un pasivo se ve <span class=\"_ _0\"></span>inalterada por la probabil<span class=\"_ _1\"></span>idad de </span></span>que <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>entidad <span class=\"_ _0\"></span>ejercite <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>derecho <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>diferir <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>pago <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _e\"></span>12 <span class=\"_ _e\"></span>meses <span class=\"_ _e\"></span>tras <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>cierre <span class=\"_ _e\"></span>del ejercicio.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Liquidaci\u00f3n <span class=\"_ _f\"> </span>mediante <span class=\"_ _f\"> </span>instrumentos <span class=\"_ _f\"> </span>de <span class=\"_ _16\"> </span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>propio. <span class=\"_ _16\"> </span>Hay <span class=\"_ _16\"> </span>una <span class=\"_ _f\"> </span>excepci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>a <span class=\"_ _16\"> </span>los </span></span>requerimientos <span class=\"_ _8\"> </span>para<span class=\"_ _6\"></span> <span class=\"_ _13\"> </span>liquid<span class=\"_ _1\"></span>ar <span class=\"_ _8\"> </span>pasivos <span class=\"_ _8\"> </span>mediante<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>instrumentos<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>propio <span class=\"_ _8\"> </span>que impacta la clasificaci\u00f3n<span class=\"_ _6\"></span> del pasivo. b)<span class=\"ff2 fs1 fc0 ls0\"> <span class=\"_ _14\"> </span></span><span class=\"ls0\">Normas e <span class=\"_ _10\"></span>interpretaciones <span class=\"_ _6\"></span>emitidas <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>el I<span class=\"_ _1\"></span>ASB, <span class=\"_ _1\"></span>pero <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>plicables <span class=\"_ _6\"></span>en e<span class=\"_ _1\"></span>ste <span class=\"_ _6\"></span>ejercicio<span class=\"_ _0\"></span> </span>El <span class=\"_ _b\"></span>Grupo <span class=\"_ _c\"></span>tiene <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>intenci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>adoptar <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>normas, <span class=\"_ _b\"></span>interpretaciones <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>modificaciones <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>normas emitidas <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>el IASB <span class=\"_ _6\"></span>que no<span class=\"_ _1\"></span> son <span class=\"_ _6\"></span>de aplicaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bligatoria <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>Uni\u00f3n Eur<span class=\"_ _1\"></span>opea cua<span class=\"_ _6\"></span>ndo entren <span class=\"_ _6\"></span>en vigor,<span class=\"_ _6\"></span> si <span class=\"_ _7\"></span>le <span class=\"_ _7\"> </span>son <span class=\"_ _5\"> </span>aplicabl<span class=\"_ _1\"></span>es. <span class=\"_ _7\"> </span>Aunque <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>Grupo <span class=\"_ _7\"></span>est\u00e1 <span class=\"_ _7\"> </span>actualmente <span class=\"_ _7\"></span>analizando <span class=\"_ _7\"> </span>su <span class=\"_ _5\"> </span>impact<span class=\"_ _1\"></span>o, <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>funci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _5\"> </span>los<span class=\"_ _1\"></span> an\u00e1lisis <span class=\"_ _7\"></span>realizados <span class=\"_ _7\"></span>hasta <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>fecha, <span class=\"_ _5\"> </span>el <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>estima <span class=\"_ _7\"></span>que <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>aplicaci\u00f3n <span class=\"_ _7\"></span>inicial <span class=\"_ _7\"></span>no <span class=\"_ _7\"></span>tendr\u00e1 <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>impacto significativo sobre sus<span class=\"_ _6\"></span> c<span class=\"_ _0\"></span>uentas anuales <span class=\"_ _1\"></span>consolidadas. Modificaciones a la N<span class=\"_ _1\"></span>IIF 9 y NIIF<span class=\"_ _1\"></span> 7: Contratos de energ\u00ed<span class=\"_ _6\"></span>a renovable Estas modific<span class=\"_ _1\"></span>aciones per<span class=\"_ _1\"></span>miten un<span class=\"_ _1\"></span> mejor r<span class=\"_ _1\"></span>eflejo contab<span class=\"_ _6\"></span>le de los con<span class=\"_ _1\"></span>tratos de <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _1\"></span>renovable en <span class=\"_ _1\"></span>los estados financier<span class=\"_ _1\"></span>os, a trav\u00e9s de las <span class=\"_ _1\"></span>siguientes modifica<span class=\"_ _6\"></span>cio<span class=\"_ _0\"></span>nes a la NIIF <span class=\"_ _1\"></span>9 y NIIF 7:  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Clarificar la aplica<span class=\"_ _1\"></span>ci\u00f3n de los requisit<span class=\"_ _1\"></span>os de \u00abuso propio\u00bb; </span></span>\u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Permitir <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>contabilidad <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>coberturas <span class=\"_ _c\"></span>si <span class=\"_ _c\"></span>estos <span class=\"_ _c\"></span>contratos <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>utilizan <span class=\"_ _c\"></span>como <span class=\"_ _c\"></span>instrumentos <span class=\"_ _c\"></span>de </span></span>cobertura; y \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Agregar <span class=\"_ _5\"> </span>nuevos <span class=\"_ _3\"> </span>desgloses <span class=\"_ _5\"> </span>para <span class=\"_ _3\"> </span>entender <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>efecto <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>estos <span class=\"_ _3\"> </span>contratos <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>rendimiento </span></span>financiero y los fluj<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s de efectivo. Las mo<span class=\"_ _0\"></span>dificacion<span class=\"_ _1\"></span>es <span class=\"_ _0\"></span>son efectivas para <span class=\"_ _0\"></span>los per\u00edodos <span class=\"_ _0\"></span>anuales que <span class=\"_ _0\"></span>comienc<span class=\"_ _1\"></span>en <span class=\"_ _0\"></span>a partir <span class=\"_ _0\"></span>del 1 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>enero de 2026.<span class=\"_ _38\"> </span>NIIF 18 Presentaci\u00f3n<span class=\"_ _1\"></span> e informaci\u00f3<span class=\"_ _1\"></span>n a revelar en los e<span class=\"_ _1\"></span>stados financi<span class=\"_ _1\"></span>eros<span class=\"_ _38\"> </span>La <span class=\"_ _0\"></span>IFRS <span class=\"_ _e\"></span>18 <span class=\"_ _e\"></span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>introduce, <span class=\"_ _0\"></span>entre <span class=\"_ _e\"></span>otros <span class=\"_ _0\"></span>cambios, <span class=\"_ _0\"></span>tres <span class=\"_ _e\"></span>nuevos <span class=\"_ _0\"></span>requerimien<span class=\"_ _1\"></span>tos <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>mejorar la <span class=\"_ _0\"></span>informaci\u00f3n de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>empresas <span class=\"_ _0\"></span>sobre su <span class=\"_ _e\"></span>rendimi<span class=\"_ _1\"></span>ento financiero <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>frecer a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>inversores una <span class=\"_ _0\"></span>mejor base para analizar <span class=\"_ _1\"></span>y comparar las e<span class=\"_ _1\"></span>mpresas:<span class=\"_ _38\"> </span>Mejora <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>comparabilidad <span class=\"_ _b\"></span>del <span class=\"_ _7\"></span>estado <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>rend<span class=\"_ _1\"></span>imiento <span class=\"_ _c\"></span>financiero <span class=\"_ _c\"></span>introduciendo <span class=\"_ _b\"></span>tres <span class=\"_ _7\"></span>nuevas<span class=\"_ _1\"></span> categor\u00edas: <span class=\"_ _13\"> </span>operativo, <span class=\"_ _17\"> </span>inversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>financiaci\u00f3n;<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>nuevos <span class=\"_ _12\"> </span>subtotales: <span class=\"_ _12\"> </span>resultado operativo y resultad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> antes de finan<span class=\"_ _1\"></span>ciaci\u00f3n e impues<span class=\"_ _1\"></span>to de la ganancia.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Proporciona <span class=\"_ _7\"></span>una <span class=\"_ _7\"> </span>mayor <span class=\"_ _5\"> </span>transparencia <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>las <span class=\"_ _7\"> </span>mediciones <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>rendimiento <span class=\"_ _7\"></span>definid<span class=\"_ _1\"></span>as <span class=\"_ _7\"> </span>po<span class=\"_ _0\"></span>r <span class=\"_ _7\"> </span>la </span></span>Direcci\u00f3n introduciend<span class=\"_ _6\"></span>o nuevas gu\u00edas y desgloses \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Facilita <span class=\"_ _7\"></span>gu\u00edas <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>prop<span class=\"_ _1\"></span>orcionar <span class=\"_ _7\"></span>una <span class=\"_ _c\"></span>agrupaci\u00f3n <span class=\"_ _c\"></span>m\u00e1s <span class=\"_ _7\"></span>\u00fatil <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>informaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>en <span class=\"_ _c\"></span>los <span class=\"_ _7\"></span>estados </span></span>financieros.  Esta norma ser\u00e1<span class=\"_ _1\"></span> de aplicaci\u00f3n a partir<span class=\"_ _1\"></span> del 1 de enero d<span class=\"_ _1\"></span>e 2027<span class=\"_ _38\"> </span>2.<span class=\"ls0\">4 <span class=\"_ _11\"> </span>Respo<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>dad <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _13\"> </span>in<span class=\"_ _1\"></span>forma<span class=\"_ _1\"></span>ci\u00f3n,<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>est<span class=\"_ _1\"></span>imacio<span class=\"_ _1\"></span>nes <span class=\"_ _13\"> </span>rea<span class=\"_ _1\"></span>lizad<span class=\"_ _6\"></span>as <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>juicio<span class=\"_ _1\"></span>s <span class=\"_ _13\"> </span>rele<span class=\"_ _1\"></span>vante<span class=\"_ _1\"></span>s <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>la </span>apl<span class=\"ls0\">icac<span class=\"_ _1\"></span>i\u00f3n d<span class=\"_ _1\"></span>e po<span class=\"_ _6\"></span>l\u00edticas <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>ables <span class=\"_ _1\"></span> </span>La <span class=\"_ _f\"> </span>informaci\u00f3n <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>enida <span class=\"_ _f\"> </span>en <span class=\"_ _f\"> </span>estas <span class=\"_ _f\"> </span>cuentas <span class=\"_ _f\"> </span>anuales <span class=\"_ _f\"> </span>consolidadas <span class=\"_ _18\"> </span>es <span class=\"_ _f\"> </span>responsabilidad<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>los Administradores de la Sociedad<span class=\"_ _1\"></span> dominante. En la preparaci\u00f3n de las cuentas anuales cons<span class=\"_ _1\"></span>olidadas se han <span class=\"_ _5\"> </span>utilizado <span class=\"_ _5\"> </span>determinadas <span class=\"_ _5\"> </span>estimaciones <span class=\"_ _5\"> </span>realizadas <span class=\"_ _7\"> </span>po<span class=\"_ _0\"></span>r <span class=\"_ _5\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"> </span>Direcci\u00f3n <span class=\"_ _5\"> </span>del <span class=\"_ _3\"> </span>Grup<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _5\"> </span>posteriormente<span class=\"_ _1\"></span> revalidadas <span class=\"_ _1\"></span>por l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s Adminis<span class=\"_ _6\"></span>tradores de la<span class=\"_ _6\"></span> Sociedad d<span class=\"_ _1\"></span>ominante para<span class=\"_ _6\"></span> cuantificar al<span class=\"_ _6\"></span>gunos de l<span class=\"_ _1\"></span>os acti<span class=\"_ _1\"></span>vos, pasivos, ingres<span class=\"_ _1\"></span>os, gastos y compromis<span class=\"_ _1\"></span>os que figuran registrados<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>n ellas. Este eje<span class=\"_ _1\"></span>rcicio de revisi\u00f3n d<span class=\"_ _6\"></span>e las estimaciones<span class=\"_ _1\"></span> se ejecuta de for<span class=\"_ _1\"></span>ma continua. El <span class=\"_ _7\"></span>\u00e9xito <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>depend<span class=\"_ _6\"></span>e <span class=\"_ _7\"> </span>en <span class=\"_ _7\"></span>gran <span class=\"_ _c\"></span>medida <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>su <span class=\"_ _7\"></span>capacidad <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>desarrollar<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>nuevo<span class=\"_ _0\"></span>s <span class=\"_ _c\"></span>proyectos <span class=\"_ _c\"></span>y construir <span class=\"_ _0\"></span>nuevas <span class=\"_ _0\"></span>plantas, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>bajo <span class=\"_ _0\"></span>estructura <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>eficientes. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>expansi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>capacidad de producci\u00f3n es<span class=\"_ _1\"></span>t\u00e1 sujeta a los riesgos<span class=\"_ _1\"></span> e incertidu<span class=\"_ _1\"></span>mbres propios de un pro<span class=\"_ _1\"></span>yecto empre<span class=\"_ _1\"></span>sarial. Para <span class=\"_ _e\"></span>gestionar <span class=\"_ _e\"></span>eficientemente <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>expansi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>sus <span class=\"_ _b\"></span>actividades, <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>mejora <span class=\"_ _e\"></span>continuamente <span class=\"_ _e\"></span>sus sistemas operativ<span class=\"_ _1\"></span>os y financieros<span class=\"_ _1\"></span>, sus procedimient<span class=\"_ _1\"></span>os y controles, para<span class=\"_ _1\"></span> as\u00ed incrementar<span class=\"_ _1\"></span> <span class=\"ls15\">su</span> eficiencia.<span class=\"_ _38\"> </span>  Las  estimaciones  e  hip\u00f3tesis  est\u00e1n  basadas  en  la  m<span class=\"_ _0\"></span>ejor  informaci\u00f3n  dispon<span class=\"_ _1\"></span>ible  en <span class=\"_ _8\"> </span>la  fecha  de<span class=\"_ _1\"></span> formulaci\u00f3n de las cuentas anu<span class=\"_ _1\"></span>ales <span class=\"_ _0\"></span>consolidad<span class=\"_ _1\"></span>as, sobre la estimaci\u00f3n de la incertid<span class=\"_ _1\"></span>umbre en la fecha de <span class=\"_ _e\"></span>cierre <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>ejercicio, <span class=\"_ _0\"></span>revis\u00e1ndose <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _e\"></span>peri\u00f3dica, <span class=\"_ _0\"></span>como <span class=\"_ _e\"></span>consecuencia<span class=\"_ _6\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>acontecimientos<span class=\"_ _6\"></span> futuros <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bliguen <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>modificar <span class=\"_ _0\"></span>las <span class=\"_ _e\"></span>estimacione<span class=\"_ _1\"></span>s <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>pr\u00f3xim<span class=\"_ _1\"></span>os <span class=\"_ _e\"></span>ejercicios. <span class=\"_ _0\"></span>En <span class=\"_ _e\"></span>ese <span class=\"_ _e\"></span>caso, <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>efectos <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los ca<span class=\"ls0\">mbios de las es<span class=\"_ _1\"></span>timacione<span class=\"_ _1\"></span>s se registrar\u00edan de for<span class=\"_ _1\"></span>ma prospectiva. </span>2.<span class=\"ls0\">5 <span class=\"_ _19\"> </span>Moneda<span class=\"_ _6\"></span> funcion<span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>y de p<span class=\"_ _6\"></span>resenta<span class=\"_ _1\"></span>ci\u00f3n </span>Las <span class=\"_ _6\"></span>sociedades <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo ti<span class=\"_ _6\"></span>enen co<span class=\"_ _1\"></span>mo <span class=\"_ _6\"></span>moneda <span class=\"_ _6\"></span>funcional <span class=\"_ _6\"></span>el eur<span class=\"_ _6\"></span>o, salv<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>las <span class=\"_ _1\"></span>filiales <span class=\"_ _10\"></span>Yarnel, S.A.<span class=\"_ _6\"></span> y <span class=\"_ _6\"></span>Natelu, S.A. <span class=\"_ _1\"></span>en Uru<span class=\"_ _1\"></span>guay cuya <span class=\"_ _6\"></span>moneda <span class=\"_ _1\"></span>funcional <span class=\"_ _1\"></span>es el <span class=\"_ _6\"></span>d\u00f3lar estadounid<span class=\"_ _1\"></span>ense. Las <span class=\"_ _6\"></span>cuentas a<span class=\"_ _1\"></span>nuales <span class=\"_ _1\"></span>consolidadas del <span class=\"_ _b\"></span>Grupo <span class=\"_ _e\"></span>se <span class=\"_ _c\"></span>presentan <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>miles <span class=\"_ _b\"></span>euros, <span class=\"_ _b\"></span>redondeadas <span class=\"_ _e\"></span>al <span class=\"_ _b\"></span>millar <span class=\"_ _b\"></span>cercano, <span class=\"_ _b\"></span>salvo <span class=\"_ _b\"></span>cuando <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>citadas notas <span class=\"_ _6\"></span>explicativas <span class=\"_ _10\"></span>se <span class=\"_ _6\"></span>indique <span class=\"_ _6\"></span>expresamente<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>contrario, <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>es la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>oneda <span class=\"_ _6\"></span>funcio<span class=\"_ _1\"></span>nal <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>presentaci\u00f3n de la Sociedad dominan<span class=\"_ _1\"></span>te.<span class=\"_ _38\"> </span>2.<span class=\"ls0\">6 <span class=\"_ _11\"> </span>Tran<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>acc<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span>s y <span class=\"_ _1\"></span>saldo<span class=\"_ _1\"></span>s en<span class=\"_ _1\"></span> mone<span class=\"_ _1\"></span>da di<span class=\"_ _1\"></span>stinta<span class=\"_ _6\"></span> de euro<span class=\"_ _1\"></span> </span>Las <span class=\"_ _b\"></span>transacciones<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>en <span class=\"_ _e\"></span>moneda <span class=\"_ _b\"></span>extranjera <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>convierte<span class=\"_ _1\"></span>n <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>su <span class=\"_ _e\"></span>valoraci\u00f3n <span class=\"_ _b\"></span>inicial<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>al <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>cambio <span class=\"_ _e\"></span>de contado vigente en la f<span class=\"_ _6\"></span>echa de la transacci\u00f3n. Los activos <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> pasivos <span class=\"_ _6\"></span>monetarios denominad<span class=\"_ _1\"></span>os en m<span class=\"_ _1\"></span>oneda extranj<span class=\"_ _6\"></span>era se convierten <span class=\"_ _1\"></span>al tipo de <span class=\"_ _1\"></span>cambio<span class=\"_ _1\"></span> de <span class=\"_ _7\"></span>contado <span class=\"_ _c\"></span>vigente <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>fecha <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>estado <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>situaci\u00f3n <span class=\"_ _7\"></span>financiera <span class=\"_ _c\"></span>consolidado. <span class=\"_ _c\"></span>L<span class=\"_ _0\"></span>as <span class=\"_ _7\"></span>diferencia<span class=\"_ _1\"></span>s <span class=\"_ _7\"></span>de<span class=\"_ _38\"> </span>cambio,  tant<span class=\"_ _1\"></span>o  positivas <span class=\"_ _3\"> </span>como  negativas, <span class=\"_ _3\"> </span>que  se <span class=\"_ _3\"> </span>originen  en <span class=\"_ _3\"> </span>este  proceso,  a<span class=\"_ _6\"></span>s\u00ed  como  las  que  se<span class=\"_ _6\"></span> produzcan <span class=\"_ _e\"></span>al <span class=\"_ _b\"></span>liquidar <span class=\"_ _b\"></span>dichos <span class=\"_ _b\"></span>element<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>patrimoniale<span class=\"_ _1\"></span>s, <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>reconocen <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>cuenta <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>resultados <span class=\"_ _b\"></span>del ejercicio en el que<span class=\"_ _1\"></span> surjan. Las partidas no m<span class=\"_ _1\"></span>onetarias val<span class=\"_ _1\"></span>oradas a coste hist\u00f3ri<span class=\"_ _1\"></span>co se valoran aplican<span class=\"_ _1\"></span>do el tipo de ca<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bio de la fecha de la transac<span class=\"_ _1\"></span>ci\u00f3n. Las <span class=\"_ _0\"></span>partidas no monetarias registradas por <span class=\"_ _0\"></span>su valor <span class=\"_ _0\"></span>razonable se valoran <span class=\"_ _0\"></span>aplicando el tipo <span class=\"_ _0\"></span>de cambio de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>fecha <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>determinaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>mismas. <span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>as <span class=\"_ _e\"></span>diferencias <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>cambio <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>registran <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>cuenta <span class=\"_ _e\"></span>de resultados, salvo<span class=\"_ _1\"></span> que la variaci\u00f3n del<span class=\"_ _1\"></span> valor de la par<span class=\"_ _1\"></span>tida no m<span class=\"_ _1\"></span>onetaria se registr<span class=\"_ _6\"></span>e en patrimonio neto,<span class=\"_ _1\"></span> en cuyo caso las difer<span class=\"_ _6\"></span>encias de cambio corresp<span class=\"_ _1\"></span>ondientes tambi\u00e9n<span class=\"_ _6\"></span> se<span class=\"_ _0\"></span> registran <span class=\"_ _1\"></span>en patrimonio neto. 2.<span class=\"ls0\">7 <span class=\"_ _11\"> </span>Prin<span class=\"_ _6\"></span>cipios de<span class=\"_ _6\"></span> consol<span class=\"_ _1\"></span>idaci\u00f3<span class=\"_ _1\"></span>n </span>2.<span class=\"ls0\">7<span class=\"ls17\">.1</span> <span class=\"_ _1a\"> </span>Sociedades de<span class=\"_ _1\"></span>pendientes </span>Los estad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s fin<span class=\"_ _1\"></span>ancieros <span class=\"_ _1\"></span>consolidad<span class=\"_ _1\"></span>os co<span class=\"_ _1\"></span>mprenden l<span class=\"_ _6\"></span>os estados <span class=\"_ _6\"></span>financieros del <span class=\"_ _6\"></span>Grupo y <span class=\"_ _6\"></span>sus subsidiarias<span class=\"_ _6\"></span> al 31<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>202<span class=\"lsc\">5,</span> s<span class=\"lsd\">e <span class=\"_ _6\"></span><span class=\"ls0\">consideran <span class=\"_ _6\"></span>entidades d<span class=\"_ _6\"></span>ependientes, aqu<span class=\"_ _1\"></span>ellas <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las q<span class=\"_ _1\"></span>ue <span class=\"_ _1\"></span>la S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ciedad </span></span>dominante, dire<span class=\"_ _1\"></span>cta o indirectamente,<span class=\"_ _1\"></span> a trav\u00e9s de depe<span class=\"_ _6\"></span>ndientes ejerce control. Se <span class=\"_ _3\"> </span>alcanza<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>control <span class=\"_ _5\"> </span>cuando <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>Grupo <span class=\"_ _5\"> </span>est\u00e1 <span class=\"_ _3\"> </span>expues<span class=\"_ _1\"></span>to, <span class=\"_ _5\"> </span>o <span class=\"_ _3\"> </span>tiene <span class=\"_ _5\"> </span>derecho, <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>rendimient<span class=\"_ _1\"></span>os <span class=\"_ _3\"> </span>variables<span class=\"_ _6\"></span> derivados <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _b\"></span>implicaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>participada <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>tiene <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>capacidad <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>influir <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>esos <span class=\"_ _e\"></span>rendimientos <span class=\"_ _e\"></span>a trav\u00e9s de <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>poder <span class=\"_ _0\"></span>sobre la <span class=\"_ _0\"></span>participada.  Concretamente, el <span class=\"_ _e\"></span>Grupo controla una <span class=\"_ _0\"></span>participada si, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s\u00f3lo si, el Grupo tiene:<span class=\"_ _1\"></span>  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>Poder <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>participada <span class=\"_ _0\"></span>(es <span class=\"_ _e\"></span>decir, <span class=\"_ _e\"></span>derechos <span class=\"_ _e\"></span>existentes <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>otorgan <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>capacidad <span class=\"_ _0\"></span>actual de dirigir las ac<span class=\"_ _1\"></span>tividades relevant<span class=\"_ _1\"></span>es de la participada).  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>Exposici\u00f3n, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>derechos, <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>rendimientos <span class=\"_ _10\"></span>variables <span class=\"_ _6\"></span>deriva<span class=\"_ _1\"></span>dos <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>su <span class=\"_ _6\"></span>implicaci\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>participada.<span class=\"_ _1\"></span>  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>La <span class=\"_ _0\"></span>capacidad de utilizar su poder <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>la participada para <span class=\"_ _0\"></span>influir en sus <span class=\"_ _0\"></span>rendimientos. <span class=\"_ _0\"></span>Por lo general, se presu<span class=\"_ _1\"></span>me que la mayor\u00eda d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los derechos<span class=\"_ _1\"></span> de voto da lugar al <span class=\"_ _1\"></span>control.<span class=\"_ _38\"> </span> Las <span class=\"_ _0\"></span>sociedades dependientes se <span class=\"_ _0\"></span>consolidan por <span class=\"_ _0\"></span>el m<span class=\"_ _0\"></span>\u00e9todo de <span class=\"_ _0\"></span>integraci\u00f3n global, integr\u00e1ndose <span class=\"_ _0\"></span>en l<span class=\"_ _e\"></span>a<span class=\"ls18\">s </span>cuentas anuales consolidad<span class=\"_ _6\"></span>as<span class=\"_ _0\"></span> la totalidad de sus activos, pasivos, ingres<span class=\"_ _1\"></span>os, gastos y flujos de efectivo<span class=\"_ _1\"></span> una <span class=\"_ _e\"></span>vez <span class=\"_ _e\"></span>realizados <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>ajustes <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>homogeneiz<span class=\"_ _1\"></span>aci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>principios <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>criterios <span class=\"_ _e\"></span>contables, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>conversi\u00f3n<span class=\"_ _1\"></span> monetaria <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _7\"></span>estados <span class=\"_ _7\"></span>financireos <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>moneda <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>presentaci\u00f3n <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>Grupo <span class=\"_ _c\"></span>y <span class=\"_ _5\"> </span>las <span class=\"_ _7\"></span>eliminaciones correspondientes de la<span class=\"_ _6\"></span>s operaciones intragrupo. Los <span class=\"_ _7\"></span>ingre<span class=\"_ _1\"></span>sos, <span class=\"_ _c\"></span>gastos <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>flujos <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>efectivo <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>entidades <span class=\"_ _c\"></span>dependientes <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>incluyen <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>las <span class=\"_ _7\"> </span>cuentas anuales <span class=\"_ _5\"> </span>consolidadas <span class=\"_ _5\"> </span>desde <span class=\"_ _5\"> </span>la <span class=\"_ _3\"> </span>fecha <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>adquisici\u00f3n, <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>es <span class=\"_ _3\"> </span>aquella, <span class=\"_ _7\"> </span>en <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>Grupo <span class=\"_ _5\"> </span>obtiene<span class=\"_ _1\"></span> efectivamente el <span class=\"_ _e\"></span>control de <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>mismas. <span class=\"_ _0\"></span>Las <span class=\"_ _0\"></span>entidades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>excluyen de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>consolidaci\u00f3n<span class=\"_ _1\"></span> desde la fecha en<span class=\"_ _1\"></span> la que se ha perd<span class=\"_ _1\"></span>ido control.<span class=\"_ _38\"> </span>Las <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales <span class=\"_ _0\"></span>o <span class=\"_ _e\"></span>estados <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>entidades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span>utilizados en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>proc<span class=\"_ _1\"></span>eso <span class=\"_ _0\"></span>de consolidaci\u00f3n <span class=\"_ _5\"> </span>est\u00e1n <span class=\"_ _3\"> </span>referidos <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>misma  fe<span class=\"_ _1\"></span>cha <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>presentaci\u00f3n <span class=\"_ _3\"> </span>y <span class=\"_ _3\"> </span>mismo <span class=\"_ _5\"> </span>periodo  qu<span class=\"_ _6\"></span>e  los <span class=\"_ _5\"> </span>de  la<span class=\"_ _6\"></span> Sociedad <span class=\"_ _c\"></span>dominante. <span class=\"_ _c\"></span>Las <span class=\"_ _c\"></span>pol\u00edticas <span class=\"_ _c\"></span>contables <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>entidades <span class=\"_ _c\"></span>dependientes <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>han <span class=\"_ _c\"></span>adaptado <span class=\"_ _7\"></span>a <span class=\"_ _c\"></span>las pol\u00edticas <span class=\"_ _7\"> </span>contables <span class=\"_ _5\"> </span>del <span class=\"_ _7\"> </span>Grupo, <span class=\"_ _5\"> </span>para <span class=\"_ _7\"> </span>transacciones <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>otros <span class=\"_ _5\"> </span>eventos <span class=\"_ _7\"> </span>que, <span class=\"_ _5\"> </span>siendo <span class=\"_ _7\"> </span>similares <span class=\"_ _7\"> </span>se <span class=\"_ _5\"> </span>hayan producido en circunstancia<span class=\"_ _6\"></span>s parecidas. La conversi\u00f3n de los estados financieros de las sociedades extranjera<span class=\"_ _1\"></span>s con moneda funcional distinta<span class=\"_ _38\"> </span>del <span class=\"_ _7\"> </span>euro <span class=\"_ _7\"> </span>aplicable <span class=\"_ _7\"> </span>para <span class=\"_ _5\"> </span>los <span class=\"_ _7\"></span>negocios <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>extranjero <span class=\"_ _7\"></span>cuya <span class=\"_ _7\"></span>moneda <span class=\"_ _7\"></span>funcional <span class=\"_ _7\"></span>no <span class=\"_ _7\"></span>es <span class=\"_ _5\"> </span>la <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>un <span class=\"_ _7\"> </span>pa\u00eds hiperinflacionario<span class=\"_ _1\"></span> se realiza del sigu<span class=\"_ _1\"></span>iente modo:  - <span class=\"_ _1c\"> </span><span class=\"ff4\">Los activos y<span class=\"_ _0\"></span> pasivos <span class=\"_ _0\"></span>utilizand<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>el tipo <span class=\"_ _0\"></span>de cambio <span class=\"_ _0\"></span>vigente en <span class=\"_ _0\"></span>la fecha <span class=\"_ _0\"></span>de cierre <span class=\"_ _0\"></span>de los <span class=\"_ _0\"></span>estados </span>financieros consolidad<span class=\"_ _1\"></span>os.  - <span class=\"_ _1c\"> </span><span class=\"ff4\">Las partida<span class=\"_ _1\"></span>s de <span class=\"_ _1\"></span>las Cu<span class=\"_ _1\"></span>entas <span class=\"_ _1\"></span>de Resultados<span class=\"_ _6\"></span> utilizando el<span class=\"_ _1\"></span> tip<span class=\"_ _1\"></span>o de ca<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bio <span class=\"_ _1\"></span>medio d<span class=\"_ _1\"></span>el ejercici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> que </span>se aproxima al tip<span class=\"_ _1\"></span>o de cambio de c<span class=\"_ _1\"></span>ada transacci\u00f3n.  - <span class=\"_ _1c\"> </span><span class=\"ff4\">El patrimonio net<span class=\"_ _1\"></span>o se mantiene a tipo de<span class=\"_ _1\"></span> cambio hist\u00f3rico.<span class=\"_ _38\"> </span></span><span class=\"ff4\">  </span>- <span class=\"_ _1c\"> </span><span class=\"ff4\">Las <span class=\"_ _c\"></span>diferencias <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>cambio <span class=\"_ _b\"></span>que <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>produc<span class=\"_ _1\"></span>en <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>conversi\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>estados <span class=\"_ _c\"></span>financieros <span class=\"_ _c\"></span>se </span>registran en el ep\u00edgraf<span class=\"_ _6\"></span>e \u201cDiferencias de Conversi\u00f3n\u201d en<span class=\"_ _1\"></span> otro resultado global.<span class=\"_ _38\"> </span>2.<span class=\"ls0\">8 <span class=\"_ _11\"> </span>Mar<span class=\"_ _1\"></span>co re<span class=\"_ _1\"></span>gulato<span class=\"_ _6\"></span>rio </span>A <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2<span class=\"_ _0\"></span>025 y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>dispone <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>pote<span class=\"_ _0\"></span>ncia <span class=\"_ _0\"></span>instalada de 34,9MW. A continuaci\u00f3n, s<span class=\"_ _1\"></span>e describe la regulaci<span class=\"_ _6\"></span>\u00f3n fundamental que afecta a las oper<span class=\"_ _1\"></span>aciones del Grup<span class=\"_ _1\"></span>o: Ley del Sector El\u00e9c<span class=\"_ _1\"></span>trico y el Real<span class=\"_ _1\"></span> Decreto-ley 9/2013, d<span class=\"_ _1\"></span>e 12 de julio A fecha <span class=\"_ _0\"></span>de cierre del <span class=\"_ _0\"></span>ejercicio<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>2025, la <span class=\"_ _0\"></span>principal referencia normativa<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>en materia de <span class=\"_ _0\"></span>energ\u00eda el\u00e9ctric<span class=\"_ _1\"></span>a es<span class=\"ls0\"> la <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>24/2013, de <span class=\"_ _0\"></span>26 <span class=\"_ _0\"></span>de diciembre, del <span class=\"_ _0\"></span>Sector <span class=\"_ _0\"></span>El\u00e9ctrico<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>establece que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo </span>aplicable <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>el tipo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>explotadas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el Gr<span class=\"_ _6\"></span>upo se <span class=\"_ _6\"></span>basar\u00e1 <span class=\"_ _6\"></span>en la<span class=\"_ _6\"></span> particip<span class=\"_ _6\"></span>aci\u00f3n en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>mercado de <span class=\"_ _0\"></span>las <span class=\"_ _e\"></span>instalaciones <span class=\"_ _0\"></span>renovables, <span class=\"_ _e\"></span>complementad<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>ingresos <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>mercado, <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>caso <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>ser <span class=\"_ _e\"></span>necesario,<span class=\"_ _1\"></span> con una <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>regula<span class=\"_ _1\"></span>da espec\u00edfica<span class=\"_ _6\"></span> que <span class=\"_ _1\"></span>permita <span class=\"_ _6\"></span>a estas <span class=\"_ _6\"></span>tecnolog\u00edas <span class=\"_ _1\"></span>competir<span class=\"_ _1\"></span> en <span class=\"_ _6\"></span>nivel de <span class=\"_ _6\"></span>igualdad con el resto de las <span class=\"_ _1\"></span>tecnolog\u00edas en el<span class=\"_ _1\"></span> mercado.  Para <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>c\u00e1lculo <span class=\"_ _13\"> </span>d<span class=\"_ _1\"></span>e <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>retrib<span class=\"_ _1\"></span>uci\u00f3n <span class=\"_ _13\"> </span>espec\u00edfica, <span class=\"_ _13\"> </span>se<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>establecen <span class=\"_ _13\"> </span>peri<span class=\"_ _1\"></span>odos <span class=\"_ _13\"> </span>regulatorios <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>6 <span class=\"_ _13\"> </span>a\u00f1os <span class=\"_ _13\"> </span>y semiperiodos de 3 a\u00f1os. El primer <span class=\"_ _0\"></span>periodo regulatorio<span class=\"_ _1\"></span> comenz\u00f3 el 14<span class=\"_ _0\"></span> de julio <span class=\"_ _0\"></span>de 2013 y finaliz\u00f3 el 31 de diciembre de<span class=\"_ _1\"></span> 2019. En  los  semiperiodos  regulatorios,  los  par\u00e1metros  retributivos  se  actualizar\u00e1n  en  funci\u00f3n  de <span class=\"_ _8\"> </span>la<span class=\"_ _6\"></span>s desviaciones <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>precio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>mercado <span class=\"_ _e\"></span>respecto <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>estimaciones <span class=\"_ _0\"></span>realizadas <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>tres a\u00f1os anterior, aplic\u00e1n<span class=\"_ _1\"></span>dose en la vida \u00fatil res<span class=\"_ _6\"></span>tante de cada instalaci\u00f3n. Real Decreto-ley 1<span class=\"_ _1\"></span>7/2019  Con <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>22 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>noviembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2019 <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>public\u00f3 <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>Real <span class=\"_ _b\"></span>Decreto<span class=\"_ _0\"></span>-ley <span class=\"_ _b\"></span>17/2019 <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>adoptan medidas urgentes para la n<span class=\"_ _6\"></span>ece<span class=\"_ _0\"></span>saria adaptaci\u00f3n de l<span class=\"_ _1\"></span>os par\u00e1metros retribu<span class=\"_ _1\"></span>tivos que afectan al siste<span class=\"_ _1\"></span>ma el\u00e9ctrico <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _c\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _c\"></span>da <span class=\"_ _b\"></span>respuesta <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>proceso <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>cese <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>actividad <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>centrales <span class=\"_ _b\"></span>t\u00e9rmicas <span class=\"_ _e\"></span>de generaci\u00f3n: a)<span class=\"ls0\"> <span class=\"_ _1e\"> </span>R\u00e9gimen retributi<span class=\"_ _1\"></span>vo general </span>En base a lo establecido en<span class=\"_ _1\"></span> la citada normativa, la ren<span class=\"_ _1\"></span>tabilidad razonable aplicab<span class=\"_ _1\"></span>le en lo que reste de vida \u00fatil regulatoria<span class=\"_ _6\"></span> de <span class=\"_ _0\"></span>las instalacione<span class=\"_ _1\"></span>s tipo ser\u00e1 del 7,09<span class=\"_ _1\"></span>%.  b)<span class=\"ff6 fs8 ls0\"> <span class=\"_ _14\"> </span></span><span class=\"ls0\">R\u00e9gimen retributiv<span class=\"_ _1\"></span>o excepcional </span>Excepcionalmente<span class=\"_ _1\"></span>, <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>Real <span class=\"_ _7\"></span>Decreto <span class=\"_ _c\"></span>Ley <span class=\"_ _7\"></span>introdu<span class=\"_ _1\"></span>ce <span class=\"_ _7\"></span>un<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>previsi\u00f3n <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>tiene <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>objeto <span class=\"_ _7\"></span>garantizar <span class=\"_ _c\"></span>la posibilidad <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>acogerse <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>un <span class=\"_ _13\"> </span>r\u00e9gimen <span class=\"_ _13\"> </span>retributivo <span class=\"_ _13\"> </span>excepcional <span class=\"_ _13\"> </span>que <span class=\"_ _12\"> </span>mantiene <span class=\"_ _13\"> </span>una <span class=\"_ _13\"> </span>rentabilidad razonable <span class=\"_ _b\"></span>para <span class=\"_ _b\"></span>est<span class=\"_ _0\"></span>as <span class=\"_ _b\"></span>instalaciones <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>7,398% <span class=\"_ _c\"></span>% <span class=\"_ _c\"></span>duran<span class=\"_ _1\"></span>te <span class=\"_ _c\"></span>el <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>2020<span class=\"_ _0\"></span>-2031, <span class=\"_ _b\"></span>superior <span class=\"_ _c\"></span>al <span class=\"_ _c\"></span>7,09 <span class=\"_ _b\"></span>% establecido para <span class=\"_ _1\"></span>el periodo 2020-202<span class=\"_ _1\"></span>5, y evitando as\u00ed la in<span class=\"_ _1\"></span>certidumbre del<span class=\"_ _1\"></span> periodo 2026-2031.  El <span class=\"_ _b\"></span>acogimiento <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>este <span class=\"_ _b\"></span>r\u00e9gimen <span class=\"_ _b\"></span>supone <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>terminaci\u00f3n <span class=\"_ _e\"></span>anticipada <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>to<span class=\"_ _0\"></span>do <span class=\"_ _b\"></span>proceso <span class=\"_ _e\"></span>arbitral <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>judicial que <span class=\"_ _e\"></span>se <span class=\"_ _c\"></span>fundamente <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>modificaciones <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>r\u00e9gimen <span class=\"_ _b\"></span>retributivo <span class=\"_ _e\"></span>especial <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>instalaciones, <span class=\"_ _e\"></span>y <span class=\"_ _c\"></span>la<span class=\"_ _1\"></span> renuncia <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>percepci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>indemnizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>o <span class=\"_ _13\"> </span>compensaci\u00f3n <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>haya <span class=\"_ _13\"> </span>sido <span class=\"_ _13\"> </span>reconocida <span class=\"_ _13\"> </span>como consecuencia  d<span class=\"_ _6\"></span>e  tales  procedimi<span class=\"_ _6\"></span>ento<span class=\"_ _0\"></span>s,  pre<span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>ia  acredi<span class=\"_ _6\"></span>taci\u00f3n  ante  la <span class=\"_ _3\"> </span>Direcci\u00f3n <span class=\"_ _3\"> </span>General  d<span class=\"_ _6\"></span>e  Pol\u00edtica Energ\u00e9tica y Minas <span class=\"_ _1\"></span>con anterioridad<span class=\"_ _1\"></span> al 30 de septie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 20<span class=\"_ _1\"></span>20. Las <span class=\"_ _e\"></span>sociedades <span class=\"_ _b\"></span>del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>explotan <span class=\"_ _e\"></span>este <span class=\"_ _b\"></span>tipo <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>activos<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>han <span class=\"_ _e\"></span>aco<span class=\"_ _0\"></span>gido <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>mencionado <span class=\"_ _e\"></span>r\u00e9gimen retributivo del 7,<span class=\"_ _1\"></span>398% para todas<span class=\"_ _1\"></span> sus instalaciones. Marco regulatorio<span class=\"_ _1\"></span> en Espa\u00f1a A <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2<span class=\"_ _0\"></span>025 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2024, <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>dispone <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>potencia <span class=\"_ _0\"></span>instalada <span class=\"_ _0\"></span>de 34,9MW <span class=\"_ _7\"></span>bajo <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Real <span class=\"_ _7\"></span>decreto-ley <span class=\"_ _7\"></span>17/2019, <span class=\"_ _7\"></span>publicad<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>el <span class=\"_ _7\"> </span>22<span class=\"_ _0\"></span> <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>noviembre <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>2019, <span class=\"_ _7\"> </span>por <span class=\"_ _7\"> </span>el <span class=\"_ _7\"> </span>que <span class=\"_ _5\"> </span>se adoptan <span class=\"_ _1\"></span>medidas <span class=\"_ _1\"></span>urgentes <span class=\"_ _6\"></span>para la <span class=\"_ _6\"></span>necesaria adaptaci\u00f3<span class=\"_ _1\"></span>n de <span class=\"_ _6\"></span>los par\u00e1metros <span class=\"_ _6\"></span>retributivos q<span class=\"_ _1\"></span>ue afectan<span class=\"_ _1\"></span> al<span class=\"_ _6\"></span> sistema <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>el q<span class=\"_ _6\"></span>ue se <span class=\"_ _6\"></span>da respu<span class=\"_ _1\"></span>esta <span class=\"_ _6\"></span>al proc<span class=\"_ _1\"></span>eso <span class=\"_ _6\"></span>de cese <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>actividad <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>as centrale<span class=\"_ _1\"></span>s <span class=\"_ _1\"></span>t\u00e9rmicas de generaci\u00f3n.<span class=\"_ _1\"></span> Real Decreto-ley 6<span class=\"_ _1\"></span>/2022 y Real Dec<span class=\"_ _1\"></span>reto-ley 11/2022 Con <span class=\"_ _7\"></span>fecha <span class=\"_ _7\"></span>29 <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>marzo <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>2<span class=\"_ _0\"></span>022, <span class=\"_ _c\"></span>el <span class=\"_ _7\"> </span>Real <span class=\"_ _7\"></span>Decreto-ley <span class=\"_ _7\"></span>6/2022 <span class=\"_ _c\"></span>estableci\u00f3 <span class=\"_ _7\"></span>las <span class=\"_ _7\"></span>bases <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>decisi\u00f3n excepcional <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>actualizaci\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>los <span class=\"_ _3\"> </span>par\u00e1<span class=\"_ _1\"></span>metros <span class=\"_ _5\"> </span>retributivos <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>instalacion<span class=\"_ _1\"></span>es <span class=\"_ _5\"> </span>tipo <span class=\"_ _3\"> </span>aplicables<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a determinadas  instalaci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes  productoras  de  energ\u00ed<span class=\"_ _1\"></span>a  el\u00e9ctrica  procedente  de  fu<span class=\"_ _1\"></span>entes  renovables, cogeneraci\u00f3n <span class=\"_ _18\"> </span>y <span class=\"_ _16\"> </span>residuos, <span class=\"_ _18\"> </span>aplicables <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>ejercicio <span class=\"_ _f\"> </span>2022, <span class=\"_ _f\"> </span>establecido <span class=\"_ _f\"> </span>inicialment<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span>en <span class=\"_ _16\"> </span>la <span class=\"_ _18\"> </span>Orden TED/171/2020. Para la <span class=\"_ _0\"></span>aplicaci\u00f3n de la metodolog\u00eda de actualizaci\u00f3n de par\u00e1metros retributiv<span class=\"_ _1\"></span>os, se consider\u00f3 que <span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> semiperiodo <span class=\"_ _0\"></span>regulatorio <span class=\"_ _e\"></span>comprendido <span class=\"_ _0\"></span>entre <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>1 <span class=\"_ _b\"></span>de <span class=\"_ _0\"></span>enero <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2020 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>diciembr<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2022 <span class=\"_ _e\"></span>se divide en d<span class=\"_ _1\"></span>os semiperiodos<span class=\"_ _1\"></span> regulatorios:<span class=\"_ _1\"></span> el primero, <span class=\"_ _1\"></span>entre el 1<span class=\"_ _1\"></span> de enero de <span class=\"_ _1\"></span>2020 y <span class=\"_ _1\"></span>el 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 2021, y el segu<span class=\"_ _1\"></span>ndo, entre el <span class=\"_ _1\"></span>1 de enero de 2<span class=\"_ _1\"></span>022 y el 31 de dicie<span class=\"_ _1\"></span>mbre de 2022. Asimismo, <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>echa 26 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>junio d<span class=\"_ _1\"></span>e 202<span class=\"_ _1\"></span>2 se <span class=\"_ _6\"></span>public\u00f3 en<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>Bolet\u00edn Oficial <span class=\"_ _6\"></span>del Estad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> el <span class=\"_ _6\"></span>Real Decre<span class=\"_ _1\"></span>to-ley 11/2022, <span class=\"_ _8\"> </span>por <span class=\"_ _13\"> </span>el <span class=\"_ _8\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>adoptan <span class=\"_ _8\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>prorrogan <span class=\"_ _8\"> </span>determinadas <span class=\"_ _8\"> </span>medidas <span class=\"_ _13\"> </span>para <span class=\"_ _8\"> </span>responder <span class=\"_ _8\"> </span>a <span class=\"_ _13\"> </span>las<span class=\"_ _1\"></span> consecuencias <span class=\"_ _7\"></span>econ\u00f3mica<span class=\"_ _1\"></span>s <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>sociales <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>la <span class=\"_ _7\"> </span>guerra <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>Ucrania, <span class=\"_ _7\"> </span>para <span class=\"_ _5\"> </span>hacer <span class=\"_ _7\"> </span>frente <span class=\"_ _7\"></span>a <span class=\"_ _7\"> </span>situaciones <span class=\"_ _7\"> </span>de vulnerabilidad soci<span class=\"_ _1\"></span>al y econ\u00f3mica, y<span class=\"_ _1\"></span> para la recupera<span class=\"_ _1\"></span>ci\u00f3n econ\u00f3mica <span class=\"_ _1\"></span>y social de la isla de <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>a Palma. En <span class=\"_ _8\"> </span>los <span class=\"_ _8\"> </span>citad<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>Reales  D<span class=\"_ _0\"></span>ecretos-ley, <span class=\"_ _8\"> </span>se  estableci\u00f3, <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>for<span class=\"_ _1\"></span>ma <span class=\"_ _8\"> </span>excepcional,  la <span class=\"_ _8\"> </span>prolongaci\u00f3n  de <span class=\"_ _8\"> </span>la suspensi\u00f3n <span class=\"_ _3\"> </span>temporal <span class=\"_ _3\"> </span>del <span class=\"_ _3\"> </span>Impuesto <span class=\"_ _3\"> </span>sobre <span class=\"_ _3\"> </span>el <span class=\"_ _3\"> </span>valor  d<span class=\"_ _6\"></span>e  la  pr<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ducci\u00f3n <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>la  en<span class=\"_ _1\"></span>erg\u00eda <span class=\"_ _3\"> </span>el\u00e9ctrica <span class=\"_ _3\"> </span>a  la<span class=\"_ _6\"></span>s instalaciones <span class=\"_ _10\"></span>que p<span class=\"_ _1\"></span>roducen <span class=\"_ _10\"></span>electricidad <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>incorporan <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>sistema <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>eje<span class=\"_ _0\"></span>rcicio <span class=\"_ _10\"></span>2022. <span class=\"_ _6\"></span>Para<span class=\"_ _38\"> </span>ello fue <span class=\"_ _1\"></span>necesari<span class=\"_ _1\"></span>o modifica<span class=\"_ _1\"></span>r el <span class=\"_ _6\"></span>c\u00e1lculo de la <span class=\"_ _6\"></span>base impo<span class=\"_ _1\"></span>nible y <span class=\"_ _6\"></span>las cuotas r<span class=\"_ _1\"></span>eguladas d<span class=\"_ _1\"></span>e pago <span class=\"_ _1\"></span>de acu<span class=\"_ _6\"></span>erdo con la legislaci<span class=\"_ _1\"></span>\u00f3n tributaria.<span class=\"_ _38\"> </span>Finalmente, <span class=\"_ _c\"></span>el <span class=\"_ _7\"> </span>Real <span class=\"_ _c\"></span>D<span class=\"_ _0\"></span>ecreto-ley <span class=\"_ _c\"></span>6/2022 <span class=\"_ _7\"></span>estableci\u00f3 <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>CNMC, <span class=\"_ _7\"></span>como <span class=\"_ _c\"></span>\u00f3<span class=\"_ _0\"></span>rgano <span class=\"_ _c\"></span>responsable <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>las<span class=\"_ _6\"></span> liquidaciones, <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>encargar<span class=\"_ _1\"></span>\u00e1 <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>llevar <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>cabo <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>liquid<span class=\"_ _1\"></span>aci\u00f3n <span class=\"_ _8\"> </span>necesaria <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>adaptaci\u00f3n <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>l<span class=\"_ _1\"></span>a retribuci\u00f3n <span class=\"_ _e\"></span>procedente <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>r\u00e9gimen <span class=\"_ _e\"></span>retributivo <span class=\"_ _0\"></span>espec\u00edfico, <span class=\"_ _e\"></span>detrayendo <span class=\"_ _0\"></span>las <span class=\"_ _e\"></span>cantidades <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>satisfechas<span class=\"_ _1\"></span> por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>consecuencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la susp<span class=\"_ _1\"></span>ensi\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>el <span class=\"_ _1\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>producci\u00f3n de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _e\"></span>el\u00e9ctrica<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>(\u201cIVPEE\u201d).<span class=\"ff2 fs1\"> <span class=\"_ _0\"></span></span><span class=\"ff4\">Dicha <span class=\"_ _e\"></span>suspensi\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>prorrog\u00f3 <span class=\"_ _0\"></span>hasta <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _e\"></span>en <span class=\"_ _0\"></span>el </span>Real <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span>ecreto-ley <span class=\"_ _6\"></span>20/2022 <span class=\"_ _6\"></span>de 27<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span> dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre. <span class=\"_ _6\"></span>Durante <span class=\"_ _1\"></span>2024 <span class=\"_ _6\"></span>el impues<span class=\"_ _1\"></span>to se<span class=\"_ _1\"></span> h<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>reactivado <span class=\"_ _6\"></span>aplic\u00e1ndose de forma progresi<span class=\"_ _1\"></span>va<span class=\"_ _38\"> </span>.<span class=\"_ _38\"> </span>Los <span class=\"_ _0\"></span>ajustes <span class=\"_ _0\"></span>correspondientes <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>liquidaciones <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>exoneraci\u00f3n <span class=\"_ _0\"></span>del IVPEE <span class=\"_ _3\"> </span>se <span class=\"_ _5\"> </span>llevaron <span class=\"_ _5\"> </span>a  cab<span class=\"_ _6\"></span>o <span class=\"_ _3\"> </span>por <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>CNMC <span class=\"_ _3\"> </span>durante <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>ejercicio <span class=\"_ _5\"> </span>2022 <span class=\"_ _5\"> </span>junto <span class=\"_ _3\"> </span>con <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>correspondientes<span class=\"_ _6\"></span> liquidaciones mensuale<span class=\"_ _6\"></span>s de venta de energ\u00eda. Orden TED/123<span class=\"_ _1\"></span>2/2022 Con fecha 14 d<span class=\"_ _1\"></span>e diciembre <span class=\"_ _1\"></span>de 2022 se public\u00f3<span class=\"_ _1\"></span> la Orden TED<span class=\"_ _1\"></span>/1232/2022 p<span class=\"_ _1\"></span>or la que se actualizar<span class=\"_ _6\"></span>on los par\u00e1metros <span class=\"_ _18\"> </span>retributiv<span class=\"_ _1\"></span>os <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _17\"> </span>tipo <span class=\"_ _18\"> </span>aplicables <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>determinadas <span class=\"_ _17\"> </span>instalaciones <span class=\"_ _18\"> </span>de producci\u00f3n de energ\u00eda <span class=\"_ _1\"></span>el\u00e9ctrica a partir d<span class=\"_ _1\"></span>e fuentes de energ\u00eda renovable<span class=\"_ _1\"></span>s, cogeneraci\u00f3n <span class=\"_ _1\"></span>y residuos, a<span class=\"_ _1\"></span> efectos de su aplica<span class=\"_ _1\"></span>ci\u00f3n al a\u00f1<span class=\"_ _1\"></span>o 2022, tal y como <span class=\"_ _1\"></span>se estableci\u00f3 en el<span class=\"_ _6\"></span> Re<span class=\"_ _0\"></span>al Decreto-ley 6/20<span class=\"_ _1\"></span>22. Esta <span class=\"_ _b\"></span>actualizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _b\"></span>par\u00e1metros <span class=\"_ _e\"></span>retributivos <span class=\"_ _e\"></span>consider\u00f3 <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>nueva <span class=\"_ _e\"></span>estimaci\u00f3n <span class=\"_ _b\"></span>del <span class=\"_ _e\"></span>precio <span class=\"_ _e\"></span>medio anual <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>m<span class=\"_ _0\"></span>ercado <span class=\"_ _5\"> </span>el\u00e9ctri<span class=\"_ _1\"></span>co <span class=\"_ _5\"> </span>diario <span class=\"_ _5\"> </span>e <span class=\"_ _5\"> </span>intradiario <span class=\"_ _7\"> </span>para <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>ejercicio <span class=\"_ _5\"> </span>2022, <span class=\"_ _7\"> </span>el <span class=\"_ _3\"> </span>cual <span class=\"_ _7\"></span>ascend\u00eda <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>121,92 \u20ac/MWh.<span class=\"ff4\"> </span>Real Decreto-ley 2<span class=\"_ _1\"></span>0/2022 Con <span class=\"_ _c\"></span>fecha <span class=\"_ _c\"></span>28 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>diciembre <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>2022 <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>public\u00f3 <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _b\"></span>Bolet\u00edn <span class=\"_ _7\"></span>Oficial <span class=\"_ _b\"></span>del <span class=\"_ _7\"></span>Estad<span class=\"_ _1\"></span>o <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Real <span class=\"_ _c\"></span>Decreto<span class=\"_ _0\"></span>-ley 20/2022, <span class=\"_ _8\"> </span>por <span class=\"_ _13\"> </span>el <span class=\"_ _8\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>adoptan <span class=\"_ _8\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>prorrogan <span class=\"_ _8\"> </span>determinadas <span class=\"_ _8\"> </span>medidas <span class=\"_ _13\"> </span>para <span class=\"_ _8\"> </span>responder <span class=\"_ _8\"> </span>a <span class=\"_ _13\"> </span>las<span class=\"_ _1\"></span> consecuencias <span class=\"_ _7\"></span>econ\u00f3mica<span class=\"_ _1\"></span>s <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>sociales <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>la <span class=\"_ _7\"> </span>guerra <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>Ucrania, <span class=\"_ _7\"> </span>para <span class=\"_ _7\"> </span>hacer <span class=\"_ _5\"> </span>frente <span class=\"_ _7\"></span>a <span class=\"_ _7\"> </span>situaciones <span class=\"_ _7\"> </span>de vulnerabilidad soci<span class=\"_ _1\"></span>al y econ\u00f3mica, y<span class=\"_ _1\"></span> para la recupera<span class=\"_ _1\"></span>ci\u00f3n econ\u00f3mica <span class=\"_ _1\"></span>y social de la isla de <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>a Palma. En <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>citado <span class=\"_ _e\"></span>Real <span class=\"_ _0\"></span>Decreto-ley, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>estableci\u00f3, <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>forma <span class=\"_ _0\"></span>excepcional, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>prolongaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>suspensi\u00f3n temporal <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Impuesto <span class=\"_ _0\"></span>sobre el <span class=\"_ _e\"></span>valor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>producci\u00f3n de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _0\"></span>que producen electricidad<span class=\"_ _1\"></span> y la incorpora<span class=\"ls1a\">ro</span>n al sistema el\u00e9ctrico<span class=\"_ _1\"></span> hasta el 31 de dicie<span class=\"_ _6\"></span>mbre de 2023. De <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>forma, <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>c\u00e1lculo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _10\"></span>pagos <span class=\"_ _6\"></span>fraccionados <span class=\"_ _6\"></span>correspondientes<span class=\"_ _6\"></span> a<span class=\"_ _6\"></span> los<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>cuatro <span class=\"_ _6\"></span>trimestres<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>023, <span class=\"_ _6\"></span>el valor<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span> la<span class=\"_ _6\"></span> producci\u00f3n<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>incorpo<span class=\"_ _0\"></span>rada <span class=\"_ _6\"></span>al sist<span class=\"_ _1\"></span>ema <span class=\"_ _6\"></span>el\u00e9ctrico duran<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>dichos<span class=\"_ _6\"></span> periodos fue de cer<span class=\"_ _1\"></span>o euros. Orden TED/741<span class=\"_ _1\"></span>/2023 Con <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>8 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>public\u00f3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Orden <span class=\"_ _6\"></span>TED/741<span class=\"_ _1\"></span>/2023, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>junio, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>actualizan los  par\u00e1metros  retribu<span class=\"_ _1\"></span>tivos  de  las<span class=\"_ _1\"></span>  instalaciones  tip<span class=\"_ _1\"></span>o  aplicables  a  deter<span class=\"_ _1\"></span>minadas  instalaci<span class=\"_ _1\"></span>ones  de<span class=\"_ _38\"> </span>producci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _1\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>a partir <span class=\"_ _1\"></span>de fu<span class=\"_ _6\"></span>entes de <span class=\"_ _6\"></span>energ\u00eda ren<span class=\"_ _1\"></span>ovables, <span class=\"_ _1\"></span>cogeneraci\u00f3n <span class=\"_ _6\"></span>y residuos <span class=\"_ _1\"></span>de aplicaci\u00f3n al se<span class=\"_ _1\"></span>miperiodo regulatori<span class=\"_ _1\"></span>o que tiene su inic<span class=\"_ _6\"></span>io<span class=\"_ _0\"></span> el 1 de ener<span class=\"_ _1\"></span>o de 2023.<span class=\"_ _38\"> </span>Asimismo, <span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>c\u00e1lculo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>nuevo<span class=\"_ _0\"></span>s <span class=\"_ _e\"></span>par\u00e1metros <span class=\"_ _0\"></span>retributivos <span class=\"_ _e\"></span>tuvo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>consideraci\u00f3n <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>suspensi\u00f3n <span class=\"_ _e\"></span>del Impuesto <span class=\"_ _7\"></span>sobre <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>valor <span class=\"_ _5\"> </span>de <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>producci\u00f3n <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>energ\u00eda <span class=\"_ _7\"></span>el\u00e9ctrica <span class=\"_ _7\"></span>establecida <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>Real <span class=\"_ _7\"></span>Decreto<span class=\"_ _0\"></span>-Ley 20/2022. Por <span class=\"_ _0\"></span>\u00faltimo, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>25 <span class=\"_ _e\"></span>de enero <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>CNMC <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>publicado <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>reso<span class=\"_ _0\"></span>luci\u00f3n INF/DE/019/24 <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la que <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>establece <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>el <span class=\"_ _c\"></span>precio <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>edio <span class=\"_ _b\"></span>anual <span class=\"_ _b\"></span>del <span class=\"_ _c\"></span>mercado <span class=\"_ _b\"></span>diario <span class=\"_ _b\"></span>e <span class=\"_ _c\"></span>intradiario<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>para <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>ejercicio <span class=\"_ _b\"></span>2023 ascendi\u00f3 <span class=\"_ _0\"></span><span class=\"ff7\">a 8<span class=\"_ _0\"></span>7,01 \u20ac/MWh, as\u00ed <span class=\"_ _e\"></span>como lo<span class=\"_ _0\"></span>s coeficientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>apuntamient<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>definitivos por <span class=\"_ _0\"></span>tecnolog\u00eda <span class=\"_ _0\"></span>para </span>dicho ejercicio.<span class=\"_ _38\"> </span>Marco regulatorio<span class=\"_ _1\"></span> en Italia<span class=\"_ _38\"> </span>El <span class=\"_ _e\"></span>proyecto <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>ley <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>introdujo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>Italia <span class=\"_ _b\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>Directiva <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>UE <span class=\"_ _e\"></span>2001/77/CE <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>luego <span class=\"_ _e\"></span>se implement\u00f3  con  la  aprobaci\u00f3n  del  Decreto  Legislativo  387  de  2003. <span class=\"_ _8\"> </span>Este  mecanism<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>  entr\u00f3  en funcionamiento <span class=\"_ _13\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>entrada <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>vigor <span class=\"_ _17\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>D<span class=\"_ _0\"></span>ecretos <span class=\"_ _12\"> </span>Interministeriales <span class=\"_ _12\"> </span>de <span class=\"_ _17\"> </span>28/07/2005<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>y 06/02/2006 (I Conto de Energ\u00eda) que introdujo el sistema<span class=\"_ _1\"></span> de financiaci\u00f3n de la cuenta operativa para la producci\u00f3n de <span class=\"_ _1\"></span>electricidad<span class=\"_ _1\"></span>. Con <span class=\"_ _c\"></span>el <span class=\"_ _b\"></span>decreto <span class=\"_ _b\"></span>ministerial <span class=\"_ _b\"></span>19/02/2007 <span class=\"_ _b\"></span>(II <span class=\"_ _b\"></span>Co<span class=\"_ _0\"></span>nto <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>Energ\u00eda) <span class=\"_ _c\"></span>se <span class=\"_ _b\"></span>introdujeron <span class=\"_ _b\"></span>algunas <span class=\"_ _b\"></span>caracter\u00edsticas nuevas, <span class=\"_ _7\"></span>como <span class=\"_ _7\"></span>la <span class=\"_ _7\"> </span>aplicaci\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>tarifa <span class=\"_ _7\"> </span>de <span class=\"_ _7\"> </span>incentivo <span class=\"_ _7\"> </span>a <span class=\"_ _7\"> </span>to<span class=\"_ _0\"></span>da <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>energ\u00eda <span class=\"_ _7\"> </span>producida <span class=\"_ _7\"></span>por <span class=\"_ _7\"></span>la <span class=\"_ _7\"> </span>planta, <span class=\"_ _7\"> </span>la simplificaci\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>reglas <span class=\"_ _5\"> </span>para <span class=\"_ _5\"> </span>acceder <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>tarifas <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>incentivos <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>la<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>diferenciaci\u00f3n<span class=\"_ _6\"></span>  de<span class=\"_ _6\"></span>  tarifas<span class=\"_ _6\"></span> tambi\u00e9n en funci\u00f3n<span class=\"_ _1\"></span> del tipo de integraci<span class=\"_ _1\"></span>\u00f3n arquitect\u00f3nica y <span class=\"_ _1\"></span>el tama\u00f1o del si<span class=\"_ _1\"></span>stema.  Tambi\u00e9n <span class=\"_ _5\"> </span>se <span class=\"_ _5\"> </span>proporci<span class=\"_ _1\"></span>on\u00f3 <span class=\"_ _5\"> </span>una <span class=\"_ _5\"> </span>bonificaci\u00f3n <span class=\"_ _5\"> </span>para <span class=\"_ _5\"> </span>los <span class=\"_ _7\"> </span>sistemas <span class=\"_ _5\"> </span>fotovoltaicos <span class=\"_ _5\"> </span>combinad<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>con <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>uso eficiente de la energ\u00ed<span class=\"_ _1\"></span>a. En <span class=\"_ _b\"></span>2010, <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>D.M. <span class=\"_ _b\"></span>08/06/2010 <span class=\"_ _e\"></span>entr\u00f3 <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>vigor <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>III <span class=\"_ _e\"></span>Conto <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>Energ\u00eda, <span class=\"_ _b\"></span>aplicable <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>plantas <span class=\"_ _b\"></span>que entraron en fu<span class=\"_ _1\"></span>ncionamient<span class=\"_ _1\"></span>o desde el <span class=\"_ _6\"></span>1 de enero de <span class=\"_ _1\"></span>2011 hasta <span class=\"_ _1\"></span>el 31 de <span class=\"_ _1\"></span>mayo de<span class=\"_ _1\"></span> 2011, que <span class=\"_ _1\"></span>introdujo tarifas <span class=\"_ _e\"></span>espec\u00edficas <span class=\"_ _0\"></span>para <span class=\"_ _e\"></span>sistemas <span class=\"_ _e\"></span>fotovoltaicos <span class=\"_ _0\"></span>integrados <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>caracter\u00edsticas <span class=\"_ _e\"></span>innovadoras <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>sistemas fotovoltaicos para la c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ncentraci\u00f3n. Con la <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>ey n. <span class=\"_ _1\"></span>129/2010 <span class=\"_ _1\"></span>(la llamada <span class=\"_ _1\"></span>\"legge <span class=\"_ _1\"></span>salva Alc<span class=\"_ _1\"></span>oa\", la <span class=\"_ _1\"></span>\u201cLey de <span class=\"_ _1\"></span>Ahorro de<span class=\"_ _1\"></span> Alcoa\u201d), <span class=\"_ _6\"></span>las tarifas para <span class=\"_ _1\"></span>el<span class=\"_ _1\"></span> a\u00f1o <span class=\"_ _5\"> </span>2010 <span class=\"_ _3\"> </span>del <span class=\"_ _3\"> </span><span class=\"ls10\">II <span class=\"_ _5\"> </span></span>Conto <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>Energ\u00eda <span class=\"_ _3\"> </span>se <span class=\"_ _5\"> </span>confirmaron <span class=\"_ _5\"> </span>para <span class=\"_ _3\"> </span>todas <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>plantas <span class=\"_ _5\"> </span>capaces <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>certificar<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>la finalizaci\u00f3n de las obras an<span class=\"_ _1\"></span>tes del 31 de diciembre de 2010 y entrar en fun<span class=\"_ _1\"></span>cionamient<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span><span class=\"lsd\">el</span> 30 de junio de 2011. Despu\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Decreto <span class=\"_ _0\"></span>Legislativo 2<span class=\"_ _0\"></span>8/201<span class=\"_ _1\"></span>1 <span class=\"_ _e\"></span>se <span class=\"_ _0\"></span>public\u00f3 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Decreto <span class=\"_ _0\"></span>Ministerial <span class=\"_ _0\"></span>05/05/2011 (IV <span class=\"_ _3\"> </span>Conto <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>Energ\u00eda) <span class=\"_ _3\"> </span>que <span class=\"_ _5\"> </span>defini\u00f3 <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>mecanism<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>incentivos <span class=\"_ _5\"> </span>para <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>plantas <span class=\"_ _5\"> </span>que <span class=\"_ _3\"> </span>entrar<span class=\"_ _1\"></span>on <span class=\"_ _5\"> </span>en funcionamiento despu\u00e9s del <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de mayo <span class=\"_ _0\"></span>de 2011 <span class=\"_ _0\"></span>con el objetivo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>alinear el nivel <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las tarifas <span class=\"_ _0\"></span>con la <span class=\"_ _6\"></span>evoluci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>costos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>tecnolog\u00eda <span class=\"_ _6\"></span>fotovoltaica <span class=\"_ _10\"></span>e in<span class=\"_ _1\"></span>troducir <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>l\u00edmite <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>nual <span class=\"_ _10\"></span>de coste <span class=\"_ _10\"></span>acumulado de los incentivos<span class=\"_ _1\"></span>, establecido en <span class=\"_ _1\"></span>6 mil millones de eur<span class=\"_ _1\"></span>os. Con <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>enfoque <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>l\u00edmite <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>costes <span class=\"_ _7\"></span>identificad<span class=\"_ _1\"></span>o <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>IV <span class=\"_ _7\"></span>Conto <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>Energ\u00eda, <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>public\u00f3 <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Decreto Ministerial <span class=\"_ _1\"></span>05/07/2012<span class=\"_ _1\"></span> (V Cont<span class=\"_ _1\"></span>o de energ<span class=\"_ _1\"></span>\u00eda) que<span class=\"_ _6\"></span> confirm\u00f3 parcial<span class=\"_ _1\"></span>mente la<span class=\"_ _1\"></span>s disp<span class=\"_ _1\"></span>osiciones d<span class=\"_ _1\"></span>el Decret<span class=\"_ _6\"></span>o Ministerial <span class=\"_ _0\"></span>05/05/2011 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>establecer <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>coste <span class=\"_ _e\"></span>acumulado <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>incentivos <span class=\"_ _0\"></span>igual <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,<span class=\"lsc\">7 <span class=\"_ _0\"></span></span>mil <span class=\"_ _0\"></span>millones <span class=\"_ _e\"></span>de<span class=\"_ _38\"> </span>euros. <span class=\"_ _0\"></span>Las <span class=\"_ _e\"></span>disposiciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>incentivos <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Energ\u00eda <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>han <span class=\"_ _0\"></span>aplicado <span class=\"_ _e\"></span>desde <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>6 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>julio <span class=\"_ _0\"></span>de 2013 despu\u00e9s de alcan<span class=\"_ _1\"></span>zar el tech<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de 6.7<span class=\"lsc\">00</span> mil mill<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes de euros.<span class=\"_ _1\"></span> Todas las <span class=\"_ _1\"></span>plantas que<span class=\"_ _1\"></span> actua<span class=\"_ _1\"></span>lmente son <span class=\"_ _1\"></span>propiedad <span class=\"_ _1\"></span>de S<span class=\"_ _1\"></span>olaria en <span class=\"_ _1\"></span>Italia est\u00e1n <span class=\"_ _6\"></span>o bien ad<span class=\"_ _1\"></span>scritas al II <span class=\"_ _1\"></span>Conto<span class=\"_ _1\"></span> de Energ\u00eda o al IV<span class=\"_ _1\"></span> Conto de Energ\u00eda.<span class=\"_ _1\"></span> El 25 de junio<span class=\"_ _1\"></span> de 2014 el G<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bierno italian<span class=\"_ _1\"></span>o present\u00f3 e<span class=\"_ _1\"></span>l Decreto Ley <span class=\"_ _1\"></span>91/2014 en <span class=\"_ _1\"></span>el que se pr<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pusieron una <span class=\"_ _0\"></span>serie <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>medidas <span class=\"_ _0\"></span>urgentes <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>reducci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>electricidad. <span class=\"_ _0\"></span>El <span class=\"_ _e\"></span>21 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>agosto<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>de<span class=\"_ _1\"></span> 2014 <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>aprob\u00f3 <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>Ley <span class=\"_ _c\"></span>N\u00ba <span class=\"_ _b\"></span>116 <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>11 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>agosto <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2014 <span class=\"_ _c\"></span>sin <span class=\"_ _c\"></span>pr\u00e1ctica<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>modificaciones <span class=\"_ _b\"></span>so<span class=\"_ _0\"></span>bre <span class=\"_ _b\"></span>el<span class=\"_ _1\"></span> borrador <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Decreto <span class=\"_ _e\"></span>Ley <span class=\"_ _e\"></span>propuesto. <span class=\"_ _0\"></span>Esta <span class=\"_ _e\"></span>Ley, <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>su <span class=\"_ _b\"></span>Art\u00edculo <span class=\"_ _0\"></span>26 <span class=\"_ _e\"></span>establece <span class=\"_ _0\"></span>una <span class=\"_ _e\"></span>serie <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>medidas <span class=\"_ _e\"></span>que afectan a <span class=\"_ _6\"></span>to<span class=\"_ _0\"></span>das las <span class=\"_ _6\"></span>plantas fotovoltaicas <span class=\"_ _1\"></span>con una <span class=\"_ _6\"></span>po<span class=\"_ _0\"></span>ten<span class=\"_ _1\"></span>cia pico superi<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r a <span class=\"_ _1\"></span>200 kW <span class=\"_ _1\"></span>(Spalma In<span class=\"_ _1\"></span>centivi) <span class=\"_ _1\"></span>y para las que se definen di<span class=\"_ _6\"></span>versas opciones de reducci<span class=\"_ _1\"></span>\u00f3n de los incenti<span class=\"_ _1\"></span>vos:<span class=\"_ _38\"> </span>a)<span class=\"ff2 ls0\"> <span class=\"_ _d\"> </span><span class=\"ff4\">Extensi\u00f3n de la<span class=\"_ _6\"></span> tarifa de 2<span class=\"_ _1\"></span>0 a <span class=\"_ _1\"></span>24 a\u00f1os, c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>n una <span class=\"_ _1\"></span>reducci\u00f3n en <span class=\"_ _6\"></span>funci\u00f3n de l<span class=\"_ _1\"></span>os a\u00f1os d<span class=\"_ _6\"></span>e operaci\u00f3n </span></span>restantes:<span class=\"_ _38\"> </span>A\u00f1os pendientes <span class=\"_ _1\"></span>de incentivo Porcentaje de reducci<span class=\"_ _1\"></span>\u00f3n de la tarifa 12<span class=\"ls0\"> </span>25%<span class=\"ls0\"> </span>13<span class=\"ls0\"> </span>24%<span class=\"ls0\"> </span>14<span class=\"ls0\"> </span>22%<span class=\"ls0\"> </span>15<span class=\"ls0\"> </span>21%<span class=\"ls0\"> </span>16<span class=\"ls0\"> </span>20%<span class=\"ls0\"> </span>17<span class=\"ls0\"> </span>19%<span class=\"ls0\"> </span>18<span class=\"ls0\"> </span>18%<span class=\"ls0\"> </span>19 o m\u00e1s 17%<span class=\"ls0\"> </span>b)<span class=\"ff2 ls0\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Se <span class=\"_ _e\"></span>mantienen <span class=\"_ _b\"></span>los <span class=\"_ _e\"></span>20 <span class=\"_ _b\"></span>a\u00f1os <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>duraci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>tarifa <span class=\"_ _b\"></span>incentivada<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>con <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>reducci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _b\"></span>inicial <span class=\"_ _e\"></span>del </span></span>17% <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _b\"></span>ingresos <span class=\"_ _e\"></span>durante <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>period<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>7 <span class=\"_ _e\"></span>a\u00f1os <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>un <span class=\"_ _b\"></span>incremento <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>definir <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>futuro <span class=\"_ _b\"></span>a partir del a\u00f1o <span class=\"_ _1\"></span>octavo. c)<span class=\"ff2 ls0\"> <span class=\"_ _d\"> </span><span class=\"ff4\">Se mantienen los 20<span class=\"_ _1\"></span> a\u00f1os, pero se aplica una <span class=\"_ _1\"></span>reducci\u00f3n<span class=\"_ _1\"></span> espec\u00edfica de:<span class=\"_ _38\"> </span></span></span>6% para plantas FV entre 2<span class=\"_ _1\"></span>00 y 500 <span class=\"ls1e\">kW</span>,  - <span class=\"_ _1c\"> </span><span class=\"ff4\">7% para plantas FV entre 5<span class=\"_ _1\"></span>00 y 900 kW; </span>- <span class=\"_ _1c\"> </span><span class=\"ff4\">8% para plantas mayor<span class=\"_ _1\"></span>es de 900 kW. </span>Estas nuevas <span class=\"_ _0\"></span>tarifas fueron aplicables desde <span class=\"_ _0\"></span>el 1 <span class=\"_ _0\"></span>de enero <span class=\"_ _0\"></span>de 2015. <span class=\"_ _0\"></span>Las <span class=\"_ _0\"></span>plantas del <span class=\"_ _0\"></span>Grupo en Italia <span class=\"_ _0\"></span>se acogieron a las <span class=\"_ _1\"></span>modalidades b) y c).  Con <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>del <span class=\"_ _10\"></span>2<span class=\"_ _0\"></span>8 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>abril <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2022, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>public\u00f3 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Decreto-Ley <span class=\"_ _10\"></span>17/2022 <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>objeto <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>sim<span class=\"_ _0\"></span>plific<span class=\"ls19\">ar</span> <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>arco<span class=\"_ _6\"></span> normativo italian<span class=\"_ _1\"></span>o de energ\u00edas renovables<span class=\"_ _1\"></span> en el pa\u00eds.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-351": {
   "value": "Las cuenta<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>uales c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nsolidadas <span class=\"_ _6\"></span>del Grupo <span class=\"_ _1\"></span>Solaria <span class=\"_ _6\"></span>del ejercici<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>2025 han <span class=\"_ _1\"></span>sido <span class=\"_ _6\"></span>elaboradas de <span class=\"_ _6\"></span>acuerdo con <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>establecido en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>Normas <span class=\"_ _0\"></span>Internacionales de <span class=\"_ _0\"></span>Informaci\u00f3n Financiera, <span class=\"_ _0\"></span>adoptadas <span class=\"_ _0\"></span>por la <span class=\"_ _0\"></span>Uni\u00f3n Europea (NII<span class=\"_ _1\"></span>F-UE) y <span class=\"_ _6\"></span>dem\u00e1s <span class=\"_ _1\"></span>disposiciones <span class=\"_ _1\"></span>del mar<span class=\"_ _6\"></span>co<span class=\"_ _0\"></span> n<span class=\"_ _6\"></span>ormativo de in<span class=\"_ _1\"></span>formaci\u00f3n <span class=\"_ _6\"></span>financiera q<span class=\"_ _1\"></span>ue resultan<span class=\"_ _6\"></span> de aplicaci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>est\u00e1n en <span class=\"_ _0\"></span>vigor el <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre de 20<span class=\"_ _0\"></span>25 co<span class=\"_ _0\"></span>n el <span class=\"_ _0\"></span>objeto de <span class=\"_ _0\"></span>mostrar la <span class=\"_ _0\"></span>imagen fiel <span class=\"_ _0\"></span>del patrimonio <span class=\"_ _1\"></span>consolidado <span class=\"_ _6\"></span>y de <span class=\"_ _1\"></span>la situa<span class=\"_ _1\"></span>ci\u00f3n finan<span class=\"_ _1\"></span>ciera <span class=\"_ _1\"></span>consolidada <span class=\"_ _6\"></span>de Solaria <span class=\"_ _6\"></span>Energ\u00eda y <span class=\"_ _6\"></span>Medio Ambien<span class=\"_ _1\"></span>te, S.<span class=\"ls11\">A.</span> <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>sociedades <span class=\"_ _c\"></span>dependientes <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>dicie<span class=\"_ _1\"></span>mbre <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span><span class=\"lsf\">20</span>25, <span class=\"_ _7\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>resultados <span class=\"_ _c\"></span>consolidados <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>sus operaciones, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cambios <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>patrimonio <span class=\"_ _e\"></span>neto <span class=\"_ _0\"></span>consolidado <span class=\"_ _e\"></span>y <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>flujos <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>efectivo <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsolidados correspondientes al <span class=\"_ _1\"></span>ejercicio anual t<span class=\"_ _1\"></span>erminado en dicha<span class=\"_ _6\"></span> fecha.",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-350": {
   "value": "Estas <span class=\"_ _1\"></span>cuentas <span class=\"_ _6\"></span>anuales <span class=\"_ _6\"></span>consolidadas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _1\"></span>2025 <span class=\"_ _6\"></span>formuladas <span class=\"_ _6\"></span>por el <span class=\"_ _6\"></span>Consejo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Administraci\u00f3n d<span class=\"_ _6\"></span>e la <span class=\"_ _e\"></span>Sociedad <span class=\"_ _b\"></span>dominante, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>someter\u00e1n <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>aprobaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>Junta <span class=\"_ _e\"></span>General <span class=\"_ _b\"></span>Ordinaria <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Accionistas, estim\u00e1ndose que s<span class=\"_ _6\"></span>er\u00e1n aprobadas sin modificaci<span class=\"_ _1\"></span>\u00f3n alguna.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-352": {
   "value": ". <span class=\"_ _c\"></span>Cada sociedad prepara sus cuent<span class=\"_ _1\"></span>as anuales siguiendo los prin<span class=\"_ _1\"></span>cipios y criterios contable<span class=\"_ _1\"></span>s en vigor en el pa\u00eds en <span class=\"_ _b\"></span>el <span class=\"_ _c\"></span>que <span class=\"_ _b\"></span>realiza <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>operaciones<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>lo <span class=\"_ _c\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>proceso <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>consolidaci\u00f3n <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>han <span class=\"_ _c\"></span>introducido <span class=\"_ _c\"></span>los ajustes <span class=\"_ _5\"> </span>y <span class=\"_ _5\"> </span>reclasificaciones <span class=\"_ _7\"> </span>necesarios <span class=\"_ _3\"> </span>para<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>homogeneizar <span class=\"_ _5\"> </span>entre <span class=\"_ _5\"> </span>s\u00ed <span class=\"_ _5\"> </span>tales <span class=\"_ _3\"> </span>princip<span class=\"_ _1\"></span>ios <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>criterio<span class=\"_ _1\"></span>s <span class=\"_ _5\"> </span>para adecuarlos a las NIIF - <span class=\"_ _1\"></span>UE.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-353": {
   "value": "2.2<span class=\"ls0\"> <span class=\"_ _11\"> </span>Compa<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>aci\u00f3<span class=\"_ _6\"></span>n de la<span class=\"_ _1\"></span> info<span class=\"_ _6\"></span>rmaci\u00f3n </span>De <span class=\"_ _c\"></span>acuerdo <span class=\"_ _c\"></span>con <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>legislaci\u00f3n <span class=\"_ _c\"></span>mercantil, <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>presenta,<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>a <span class=\"_ _c\"></span>efectos <span class=\"_ _c\"></span>comparativos, <span class=\"_ _c\"></span>con <span class=\"_ _c\"></span>cada <span class=\"_ _c\"></span>una <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>las partidas <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>estado <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>informaci\u00f3n <span class=\"_ _b\"></span>financiera<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>consolidado, <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>cuenta <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>resultados <span class=\"_ _e\"></span>consolidado, del es<span class=\"_ _6\"></span>tado del <span class=\"_ _6\"></span>resultado gl<span class=\"_ _6\"></span>obal consolidad<span class=\"_ _1\"></span>o, del<span class=\"_ _6\"></span> estado <span class=\"_ _6\"></span>de cambi<span class=\"_ _1\"></span>os en <span class=\"_ _6\"></span>el p<span class=\"_ _1\"></span>atrimoni<span class=\"_ _1\"></span>o neto<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>onsolidado y <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>estado <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>flu<span class=\"_ _1\"></span>jos <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>efectivo <span class=\"_ _12\"> </span>c<span class=\"_ _1\"></span>onsolidado, <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>dem\u00e1s <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>cifras <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>ejercicio <span class=\"_ _13\"> </span>202<span class=\"_ _0\"></span>5, <span class=\"_ _12\"> </span>las correspondientes <span class=\"_ _c\"></span>al <span class=\"_ _7\"></span>ejerci<span class=\"_ _1\"></span>cio <span class=\"_ _7\"></span>anteri<span class=\"_ _1\"></span>or. <span class=\"_ _7\"></span>En <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>memoria <span class=\"_ _c\"></span>consolidada <span class=\"_ _c\"></span>tambi\u00e9n <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>incluye <span class=\"_ _7\"></span>informaci\u00f3n<span class=\"_ _1\"></span> cuantitativa <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>ejercicio <span class=\"_ _e\"></span>anterior, <span class=\"_ _0\"></span>salvo <span class=\"_ _e\"></span>cuando <span class=\"_ _e\"></span>una <span class=\"_ _0\"></span>norm<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>contable <span class=\"_ _e\"></span>espec\u00edficament<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>establece <span class=\"_ _0\"></span>que no es necesario.<span class=\"_ _38\"> </span>2.<span class=\"ls0\">4 <span class=\"_ _11\"> </span>Respo<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>dad <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _13\"> </span>in<span class=\"_ _1\"></span>forma<span class=\"_ _1\"></span>ci\u00f3n,<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>est<span class=\"_ _1\"></span>imacio<span class=\"_ _1\"></span>nes <span class=\"_ _13\"> </span>rea<span class=\"_ _1\"></span>lizad<span class=\"_ _6\"></span>as <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>juicio<span class=\"_ _1\"></span>s <span class=\"_ _13\"> </span>rele<span class=\"_ _1\"></span>vante<span class=\"_ _1\"></span>s <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>la </span>apl<span class=\"ls0\">icac<span class=\"_ _1\"></span>i\u00f3n d<span class=\"_ _1\"></span>e po<span class=\"_ _6\"></span>l\u00edticas <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>ables <span class=\"_ _1\"></span> </span>La <span class=\"_ _f\"> </span>informaci\u00f3n <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>enida <span class=\"_ _f\"> </span>en <span class=\"_ _f\"> </span>estas <span class=\"_ _f\"> </span>cuentas <span class=\"_ _f\"> </span>anuales <span class=\"_ _f\"> </span>consolidadas <span class=\"_ _18\"> </span>es <span class=\"_ _f\"> </span>responsabilidad<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>los Administradores de la Sociedad<span class=\"_ _1\"></span> dominante. En la preparaci\u00f3n de las cuentas anuales cons<span class=\"_ _1\"></span>olidadas se han <span class=\"_ _5\"> </span>utilizado <span class=\"_ _5\"> </span>determinadas <span class=\"_ _5\"> </span>estimaciones <span class=\"_ _5\"> </span>realizadas <span class=\"_ _7\"> </span>po<span class=\"_ _0\"></span>r <span class=\"_ _5\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"> </span>Direcci\u00f3n <span class=\"_ _5\"> </span>del <span class=\"_ _3\"> </span>Grup<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _5\"> </span>posteriormente<span class=\"_ _1\"></span> revalidadas <span class=\"_ _1\"></span>por l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s Adminis<span class=\"_ _6\"></span>tradores de la<span class=\"_ _6\"></span> Sociedad d<span class=\"_ _1\"></span>ominante para<span class=\"_ _6\"></span> cuantificar al<span class=\"_ _6\"></span>gunos de l<span class=\"_ _1\"></span>os acti<span class=\"_ _1\"></span>vos, pasivos, ingres<span class=\"_ _1\"></span>os, gastos y compromis<span class=\"_ _1\"></span>os que figuran registrados<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>n ellas. Este eje<span class=\"_ _1\"></span>rcicio de revisi\u00f3n d<span class=\"_ _6\"></span>e las estimaciones<span class=\"_ _1\"></span> se ejecuta de for<span class=\"_ _1\"></span>ma continua. El <span class=\"_ _7\"></span>\u00e9xito <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>depend<span class=\"_ _6\"></span>e <span class=\"_ _7\"> </span>en <span class=\"_ _7\"></span>gran <span class=\"_ _c\"></span>medida <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>su <span class=\"_ _7\"></span>capacidad <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>desarrollar<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>nuevo<span class=\"_ _0\"></span>s <span class=\"_ _c\"></span>proyectos <span class=\"_ _c\"></span>y construir <span class=\"_ _0\"></span>nuevas <span class=\"_ _0\"></span>plantas, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>bajo <span class=\"_ _0\"></span>estructura <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>eficientes. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>expansi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>capacidad de producci\u00f3n es<span class=\"_ _1\"></span>t\u00e1 sujeta a los riesgos<span class=\"_ _1\"></span> e incertidu<span class=\"_ _1\"></span>mbres propios de un pro<span class=\"_ _1\"></span>yecto empre<span class=\"_ _1\"></span>sarial. Para <span class=\"_ _e\"></span>gestionar <span class=\"_ _e\"></span>eficientemente <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>expansi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>sus <span class=\"_ _b\"></span>actividades, <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>mejora <span class=\"_ _e\"></span>continuamente <span class=\"_ _e\"></span>sus sistemas operativ<span class=\"_ _1\"></span>os y financieros<span class=\"_ _1\"></span>, sus procedimient<span class=\"_ _1\"></span>os y controles, para<span class=\"_ _1\"></span> as\u00ed incrementar<span class=\"_ _1\"></span> <span class=\"ls15\">su</span> eficiencia.<span class=\"_ _38\"> </span>2.<span class=\"ls0\">8 <span class=\"_ _11\"> </span>Mar<span class=\"_ _1\"></span>co re<span class=\"_ _1\"></span>gulato<span class=\"_ _6\"></span>rio </span>A <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2<span class=\"_ _0\"></span>025 y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>dispone <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>pote<span class=\"_ _0\"></span>ncia <span class=\"_ _0\"></span>instalada de 34,9MW. A continuaci\u00f3n, s<span class=\"_ _1\"></span>e describe la regulaci<span class=\"_ _6\"></span>\u00f3n fundamental que afecta a las oper<span class=\"_ _1\"></span>aciones del Grup<span class=\"_ _1\"></span>o: Ley del Sector El\u00e9c<span class=\"_ _1\"></span>trico y el Real<span class=\"_ _1\"></span> Decreto-ley 9/2013, d<span class=\"_ _1\"></span>e 12 de julio A fecha <span class=\"_ _0\"></span>de cierre del <span class=\"_ _0\"></span>ejercicio<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>2025, la <span class=\"_ _0\"></span>principal referencia normativa<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>en materia de <span class=\"_ _0\"></span>energ\u00eda el\u00e9ctric<span class=\"_ _1\"></span>a es<span class=\"ls0\"> la <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>24/2013, de <span class=\"_ _0\"></span>26 <span class=\"_ _0\"></span>de diciembre, del <span class=\"_ _0\"></span>Sector <span class=\"_ _0\"></span>El\u00e9ctrico<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>establece que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo </span>aplicable <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>el tipo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>explotadas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el Gr<span class=\"_ _6\"></span>upo se <span class=\"_ _6\"></span>basar\u00e1 <span class=\"_ _6\"></span>en la<span class=\"_ _6\"></span> particip<span class=\"_ _6\"></span>aci\u00f3n en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>mercado de <span class=\"_ _0\"></span>las <span class=\"_ _e\"></span>instalaciones <span class=\"_ _0\"></span>renovables, <span class=\"_ _e\"></span>complementad<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>ingresos <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>mercado, <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>caso <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>ser <span class=\"_ _e\"></span>necesario,<span class=\"_ _1\"></span> con una <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>regula<span class=\"_ _1\"></span>da espec\u00edfica<span class=\"_ _6\"></span> que <span class=\"_ _1\"></span>permita <span class=\"_ _6\"></span>a estas <span class=\"_ _6\"></span>tecnolog\u00edas <span class=\"_ _1\"></span>competir<span class=\"_ _1\"></span> en <span class=\"_ _6\"></span>nivel de <span class=\"_ _6\"></span>igualdad con el resto de las <span class=\"_ _1\"></span>tecnolog\u00edas en el<span class=\"_ _1\"></span> mercado.  Para <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>c\u00e1lculo <span class=\"_ _13\"> </span>d<span class=\"_ _1\"></span>e <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>retrib<span class=\"_ _1\"></span>uci\u00f3n <span class=\"_ _13\"> </span>espec\u00edfica, <span class=\"_ _13\"> </span>se<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>establecen <span class=\"_ _13\"> </span>peri<span class=\"_ _1\"></span>odos <span class=\"_ _13\"> </span>regulatorios <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>6 <span class=\"_ _13\"> </span>a\u00f1os <span class=\"_ _13\"> </span>y semiperiodos de 3 a\u00f1os. El primer <span class=\"_ _0\"></span>periodo regulatorio<span class=\"_ _1\"></span> comenz\u00f3 el 14<span class=\"_ _0\"></span> de julio <span class=\"_ _0\"></span>de 2013 y finaliz\u00f3 el 31 de diciembre de<span class=\"_ _1\"></span> 2019. En  los  semiperiodos  regulatorios,  los  par\u00e1metros  retributivos  se  actualizar\u00e1n  en  funci\u00f3n  de <span class=\"_ _8\"> </span>la<span class=\"_ _6\"></span>s desviaciones <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>precio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>mercado <span class=\"_ _e\"></span>respecto <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>estimaciones <span class=\"_ _0\"></span>realizadas <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>tres a\u00f1os anterior, aplic\u00e1n<span class=\"_ _1\"></span>dose en la vida \u00fatil res<span class=\"_ _6\"></span>tante de cada instalaci\u00f3n. Real Decreto-ley 1<span class=\"_ _1\"></span>7/2019  Con <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>22 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>noviembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2019 <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>public\u00f3 <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>Real <span class=\"_ _b\"></span>Decreto<span class=\"_ _0\"></span>-ley <span class=\"_ _b\"></span>17/2019 <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>adoptan medidas urgentes para la n<span class=\"_ _6\"></span>ece<span class=\"_ _0\"></span>saria adaptaci\u00f3n de l<span class=\"_ _1\"></span>os par\u00e1metros retribu<span class=\"_ _1\"></span>tivos que afectan al siste<span class=\"_ _1\"></span>ma el\u00e9ctrico <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _c\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _c\"></span>da <span class=\"_ _b\"></span>respuesta <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>proceso <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>cese <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>actividad <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>centrales <span class=\"_ _b\"></span>t\u00e9rmicas <span class=\"_ _e\"></span>de generaci\u00f3n: a)<span class=\"ls0\"> <span class=\"_ _1e\"> </span>R\u00e9gimen retributi<span class=\"_ _1\"></span>vo general </span>En base a lo establecido en<span class=\"_ _1\"></span> la citada normativa, la ren<span class=\"_ _1\"></span>tabilidad razonable aplicab<span class=\"_ _1\"></span>le en lo que reste de vida \u00fatil regulatoria<span class=\"_ _6\"></span> de <span class=\"_ _0\"></span>las instalacione<span class=\"_ _1\"></span>s tipo ser\u00e1 del 7,09<span class=\"_ _1\"></span>%. b)<span class=\"ff6 fs8 ls0\"> <span class=\"_ _14\"> </span></span><span class=\"ls0\">R\u00e9gimen retributiv<span class=\"_ _1\"></span>o excepcional </span>Excepcionalmente<span class=\"_ _1\"></span>, <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>Real <span class=\"_ _7\"></span>Decreto <span class=\"_ _c\"></span>Ley <span class=\"_ _7\"></span>introdu<span class=\"_ _1\"></span>ce <span class=\"_ _7\"></span>un<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>previsi\u00f3n <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>tiene <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>objeto <span class=\"_ _7\"></span>garantizar <span class=\"_ _c\"></span>la posibilidad <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>acogerse <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>un <span class=\"_ _13\"> </span>r\u00e9gimen <span class=\"_ _13\"> </span>retributivo <span class=\"_ _13\"> </span>excepcional <span class=\"_ _13\"> </span>que <span class=\"_ _12\"> </span>mantiene <span class=\"_ _13\"> </span>una <span class=\"_ _13\"> </span>rentabilidad razonable <span class=\"_ _b\"></span>para <span class=\"_ _b\"></span>est<span class=\"_ _0\"></span>as <span class=\"_ _b\"></span>instalaciones <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>7,398% <span class=\"_ _c\"></span>% <span class=\"_ _c\"></span>duran<span class=\"_ _1\"></span>te <span class=\"_ _c\"></span>el <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>2020<span class=\"_ _0\"></span>-2031, <span class=\"_ _b\"></span>superior <span class=\"_ _c\"></span>al <span class=\"_ _c\"></span>7,09 <span class=\"_ _b\"></span>% establecido para <span class=\"_ _1\"></span>el periodo 2020-202<span class=\"_ _1\"></span>5, y evitando as\u00ed la in<span class=\"_ _1\"></span>certidumbre del<span class=\"_ _1\"></span> periodo 2026-2031.  El <span class=\"_ _b\"></span>acogimiento <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>este <span class=\"_ _b\"></span>r\u00e9gimen <span class=\"_ _b\"></span>supone <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>terminaci\u00f3n <span class=\"_ _e\"></span>anticipada <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>to<span class=\"_ _0\"></span>do <span class=\"_ _b\"></span>proceso <span class=\"_ _e\"></span>arbitral <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>judicial que <span class=\"_ _e\"></span>se <span class=\"_ _c\"></span>fundamente <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>modificaciones <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>r\u00e9gimen <span class=\"_ _b\"></span>retributivo <span class=\"_ _e\"></span>especial <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>instalaciones, <span class=\"_ _e\"></span>y <span class=\"_ _c\"></span>la<span class=\"_ _1\"></span> renuncia <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>percepci\u00f3n <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>indemnizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>o <span class=\"_ _13\"> </span>compensaci\u00f3n <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>haya <span class=\"_ _13\"> </span>sido <span class=\"_ _13\"> </span>reconocida <span class=\"_ _13\"> </span>como consecuencia  d<span class=\"_ _6\"></span>e  tales  procedimi<span class=\"_ _6\"></span>ento<span class=\"_ _0\"></span>s,  pre<span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>ia  acredi<span class=\"_ _6\"></span>taci\u00f3n  ante  la <span class=\"_ _3\"> </span>Direcci\u00f3n <span class=\"_ _3\"> </span>General  d<span class=\"_ _6\"></span>e  Pol\u00edtica Energ\u00e9tica y Minas <span class=\"_ _1\"></span>con anterioridad<span class=\"_ _1\"></span> al 30 de septie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 20<span class=\"_ _1\"></span>20. Las <span class=\"_ _e\"></span>sociedades <span class=\"_ _b\"></span>del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>explotan <span class=\"_ _e\"></span>este <span class=\"_ _b\"></span>tipo <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>activos<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>han <span class=\"_ _e\"></span>aco<span class=\"_ _0\"></span>gido <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>mencionado <span class=\"_ _e\"></span>r\u00e9gimen retributivo del 7,<span class=\"_ _1\"></span>398% para todas<span class=\"_ _1\"></span> sus instalaciones. Marco regulatorio<span class=\"_ _1\"></span> en Espa\u00f1a A <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2<span class=\"_ _0\"></span>025 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2024, <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>dispone <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>potencia <span class=\"_ _0\"></span>instalada <span class=\"_ _0\"></span>de 34,9MW <span class=\"_ _7\"></span>bajo <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Real <span class=\"_ _7\"></span>decreto-ley <span class=\"_ _7\"></span>17/2019, <span class=\"_ _7\"></span>publicad<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>el <span class=\"_ _7\"> </span>22<span class=\"_ _0\"></span> <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>noviembre <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>2019, <span class=\"_ _7\"> </span>por <span class=\"_ _7\"> </span>el <span class=\"_ _7\"> </span>que <span class=\"_ _5\"> </span>se adoptan <span class=\"_ _1\"></span>medidas <span class=\"_ _1\"></span>urgentes <span class=\"_ _6\"></span>para la <span class=\"_ _6\"></span>necesaria adaptaci\u00f3<span class=\"_ _1\"></span>n de <span class=\"_ _6\"></span>los par\u00e1metros <span class=\"_ _6\"></span>retributivos q<span class=\"_ _1\"></span>ue afectan<span class=\"_ _1\"></span> al<span class=\"_ _6\"></span> sistema <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>el q<span class=\"_ _6\"></span>ue se <span class=\"_ _6\"></span>da respu<span class=\"_ _1\"></span>esta <span class=\"_ _6\"></span>al proc<span class=\"_ _1\"></span>eso <span class=\"_ _6\"></span>de cese <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>actividad <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>as centrale<span class=\"_ _1\"></span>s <span class=\"_ _1\"></span>t\u00e9rmicas de generaci\u00f3n.<span class=\"_ _1\"></span> Real Decreto-ley 6<span class=\"_ _1\"></span>/2022 y Real Dec<span class=\"_ _1\"></span>reto-ley 11/2022 Con <span class=\"_ _7\"></span>fecha <span class=\"_ _7\"></span>29 <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>marzo <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>2<span class=\"_ _0\"></span>022, <span class=\"_ _c\"></span>el <span class=\"_ _7\"> </span>Real <span class=\"_ _7\"></span>Decreto-ley <span class=\"_ _7\"></span>6/2022 <span class=\"_ _c\"></span>estableci\u00f3 <span class=\"_ _7\"></span>las <span class=\"_ _7\"></span>bases <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>decisi\u00f3n excepcional <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>actualizaci\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>los <span class=\"_ _3\"> </span>par\u00e1<span class=\"_ _1\"></span>metros <span class=\"_ _5\"> </span>retributivos <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>instalacion<span class=\"_ _1\"></span>es <span class=\"_ _5\"> </span>tipo <span class=\"_ _3\"> </span>aplicables<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a determinadas  instalaci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes  productoras  de  energ\u00ed<span class=\"_ _1\"></span>a  el\u00e9ctrica  procedente  de  fu<span class=\"_ _1\"></span>entes  renovables, cogeneraci\u00f3n <span class=\"_ _18\"> </span>y <span class=\"_ _16\"> </span>residuos, <span class=\"_ _18\"> </span>aplicables <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>ejercicio <span class=\"_ _f\"> </span>2022, <span class=\"_ _f\"> </span>establecido <span class=\"_ _f\"> </span>inicialment<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span>en <span class=\"_ _16\"> </span>la <span class=\"_ _18\"> </span>Orden TED/171/2020. Para la <span class=\"_ _0\"></span>aplicaci\u00f3n de la metodolog\u00eda de actualizaci\u00f3n de par\u00e1metros retributiv<span class=\"_ _1\"></span>os, se consider\u00f3 que <span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> semiperiodo <span class=\"_ _0\"></span>regulatorio <span class=\"_ _e\"></span>comprendido <span class=\"_ _0\"></span>entre <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>1 <span class=\"_ _b\"></span>de <span class=\"_ _0\"></span>enero <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2020 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>diciembr<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2022 <span class=\"_ _e\"></span>se divide en d<span class=\"_ _1\"></span>os semiperiodos<span class=\"_ _1\"></span> regulatorios:<span class=\"_ _1\"></span> el primero, <span class=\"_ _1\"></span>entre el 1<span class=\"_ _1\"></span> de enero de <span class=\"_ _1\"></span>2020 y <span class=\"_ _1\"></span>el 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 2021, y el segu<span class=\"_ _1\"></span>ndo, entre el <span class=\"_ _1\"></span>1 de enero de 2<span class=\"_ _1\"></span>022 y el 31 de dicie<span class=\"_ _1\"></span>mbre de 2022. Asimismo, <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>echa 26 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>junio d<span class=\"_ _1\"></span>e 202<span class=\"_ _1\"></span>2 se <span class=\"_ _6\"></span>public\u00f3 en<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>Bolet\u00edn Oficial <span class=\"_ _6\"></span>del Estad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> el <span class=\"_ _6\"></span>Real Decre<span class=\"_ _1\"></span>to-ley 11/2022, <span class=\"_ _8\"> </span>por <span class=\"_ _13\"> </span>el <span class=\"_ _8\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>adoptan <span class=\"_ _8\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>prorrogan <span class=\"_ _8\"> </span>determinadas <span class=\"_ _8\"> </span>medidas <span class=\"_ _13\"> </span>para <span class=\"_ _8\"> </span>responder <span class=\"_ _8\"> </span>a <span class=\"_ _13\"> </span>las<span class=\"_ _1\"></span> consecuencias <span class=\"_ _7\"></span>econ\u00f3mica<span class=\"_ _1\"></span>s <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>sociales <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>la <span class=\"_ _7\"> </span>guerra <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>Ucrania, <span class=\"_ _7\"> </span>para <span class=\"_ _5\"> </span>hacer <span class=\"_ _7\"> </span>frente <span class=\"_ _7\"></span>a <span class=\"_ _7\"> </span>situaciones <span class=\"_ _7\"> </span>de vulnerabilidad soci<span class=\"_ _1\"></span>al y econ\u00f3mica, y<span class=\"_ _1\"></span> para la recupera<span class=\"_ _1\"></span>ci\u00f3n econ\u00f3mica <span class=\"_ _1\"></span>y social de la isla de <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>a Palma. En <span class=\"_ _8\"> </span>los <span class=\"_ _8\"> </span>citad<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>Reales  D<span class=\"_ _0\"></span>ecretos-ley, <span class=\"_ _8\"> </span>se  estableci\u00f3, <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>for<span class=\"_ _1\"></span>ma <span class=\"_ _8\"> </span>excepcional,  la <span class=\"_ _8\"> </span>prolongaci\u00f3n  de <span class=\"_ _8\"> </span>la suspensi\u00f3n <span class=\"_ _3\"> </span>temporal <span class=\"_ _3\"> </span>del <span class=\"_ _3\"> </span>Impuesto <span class=\"_ _3\"> </span>sobre <span class=\"_ _3\"> </span>el <span class=\"_ _3\"> </span>valor  d<span class=\"_ _6\"></span>e  la  pr<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ducci\u00f3n <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>la  en<span class=\"_ _1\"></span>erg\u00eda <span class=\"_ _3\"> </span>el\u00e9ctrica <span class=\"_ _3\"> </span>a  la<span class=\"_ _6\"></span>s instalaciones <span class=\"_ _10\"></span>que p<span class=\"_ _1\"></span>roducen <span class=\"_ _10\"></span>electricidad <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>incorporan <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>sistema <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>eje<span class=\"_ _0\"></span>rcicio <span class=\"_ _10\"></span>2022. <span class=\"_ _6\"></span>Para<span class=\"_ _38\"> </span>ello fue <span class=\"_ _1\"></span>necesari<span class=\"_ _1\"></span>o modifica<span class=\"_ _1\"></span>r el <span class=\"_ _6\"></span>c\u00e1lculo de la <span class=\"_ _6\"></span>base impo<span class=\"_ _1\"></span>nible y <span class=\"_ _6\"></span>las cuotas r<span class=\"_ _1\"></span>eguladas d<span class=\"_ _1\"></span>e pago <span class=\"_ _1\"></span>de acu<span class=\"_ _6\"></span>erdo con la legislaci<span class=\"_ _1\"></span>\u00f3n tributaria.<span class=\"_ _38\"> </span>De <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>forma, <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>c\u00e1lculo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _10\"></span>pagos <span class=\"_ _6\"></span>fraccionados <span class=\"_ _6\"></span>correspondientes<span class=\"_ _6\"></span> a<span class=\"_ _6\"></span> los<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>cuatro <span class=\"_ _6\"></span>trimestres<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>022, <span class=\"_ _6\"></span>el valor<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span> la<span class=\"_ _6\"></span> producci\u00f3n<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>incorpo<span class=\"_ _0\"></span>rada <span class=\"_ _6\"></span>al sist<span class=\"_ _1\"></span>ema <span class=\"_ _6\"></span>el\u00e9ctrico duran<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>dichos<span class=\"_ _6\"></span> periodos fue de cer<span class=\"_ _1\"></span>o euros.  Finalmente, <span class=\"_ _c\"></span>el <span class=\"_ _7\"> </span>Real <span class=\"_ _c\"></span>D<span class=\"_ _0\"></span>ecreto-ley <span class=\"_ _c\"></span>6/2022 <span class=\"_ _7\"></span>estableci\u00f3 <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>CNMC, <span class=\"_ _7\"></span>como <span class=\"_ _c\"></span>\u00f3<span class=\"_ _0\"></span>rgano <span class=\"_ _c\"></span>responsable <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>las<span class=\"_ _6\"></span> liquidaciones, <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>encargar<span class=\"_ _1\"></span>\u00e1 <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>llevar <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>cabo <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>liquid<span class=\"_ _1\"></span>aci\u00f3n <span class=\"_ _8\"> </span>necesaria <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>adaptaci\u00f3n <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>l<span class=\"_ _1\"></span>a retribuci\u00f3n <span class=\"_ _e\"></span>procedente <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>r\u00e9gimen <span class=\"_ _e\"></span>retributivo <span class=\"_ _0\"></span>espec\u00edfico, <span class=\"_ _e\"></span>detrayendo <span class=\"_ _0\"></span>las <span class=\"_ _e\"></span>cantidades <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>satisfechas<span class=\"_ _1\"></span> por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>consecuencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la susp<span class=\"_ _1\"></span>ensi\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>el <span class=\"_ _1\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>producci\u00f3n de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _e\"></span>el\u00e9ctrica<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>(\u201cIVPEE\u201d).<span class=\"ff2 fs1\"> <span class=\"_ _0\"></span></span><span class=\"ff4\">Dicha <span class=\"_ _e\"></span>suspensi\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>prorrog\u00f3 <span class=\"_ _0\"></span>hasta <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _e\"></span>en <span class=\"_ _0\"></span>el </span>Real <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span>ecreto-ley <span class=\"_ _6\"></span>20/2022 <span class=\"_ _6\"></span>de 27<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span> dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre. <span class=\"_ _6\"></span>Durante <span class=\"_ _1\"></span>2024 <span class=\"_ _6\"></span>el impues<span class=\"_ _1\"></span>to se<span class=\"_ _1\"></span> h<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>reactivado <span class=\"_ _6\"></span>aplic\u00e1ndose de forma progresi<span class=\"_ _1\"></span>va<span class=\"_ _38\"> </span>Los <span class=\"_ _0\"></span>ajustes <span class=\"_ _0\"></span>correspondientes <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>liquidaciones <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>exoneraci\u00f3n <span class=\"_ _0\"></span>del IVPEE <span class=\"_ _3\"> </span>se <span class=\"_ _5\"> </span>llevaron <span class=\"_ _5\"> </span>a  cab<span class=\"_ _6\"></span>o <span class=\"_ _3\"> </span>por <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>CNMC <span class=\"_ _3\"> </span>durante <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>ejercicio <span class=\"_ _5\"> </span>2022 <span class=\"_ _5\"> </span>junto <span class=\"_ _3\"> </span>con <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>correspondientes<span class=\"_ _6\"></span> liquidaciones mensuale<span class=\"_ _6\"></span>s de venta de energ\u00eda. Orden TED/123<span class=\"_ _1\"></span>2/2022 Con fecha 14 d<span class=\"_ _1\"></span>e diciembre <span class=\"_ _1\"></span>de 2022 se public\u00f3<span class=\"_ _1\"></span> la Orden TED<span class=\"_ _1\"></span>/1232/2022 p<span class=\"_ _1\"></span>or la que se actualizar<span class=\"_ _6\"></span>on los par\u00e1metros <span class=\"_ _18\"> </span>retributiv<span class=\"_ _1\"></span>os <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _17\"> </span>tipo <span class=\"_ _18\"> </span>aplicables <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>determinadas <span class=\"_ _17\"> </span>instalaciones <span class=\"_ _18\"> </span>de producci\u00f3n de energ\u00eda <span class=\"_ _1\"></span>el\u00e9ctrica a partir d<span class=\"_ _1\"></span>e fuentes de energ\u00eda renovable<span class=\"_ _1\"></span>s, cogeneraci\u00f3n <span class=\"_ _1\"></span>y residuos, a<span class=\"_ _1\"></span> efectos de su aplica<span class=\"_ _1\"></span>ci\u00f3n al a\u00f1<span class=\"_ _1\"></span>o 2022, tal y como <span class=\"_ _1\"></span>se estableci\u00f3 en el<span class=\"_ _6\"></span> Re<span class=\"_ _0\"></span>al Decreto-ley 6/20<span class=\"_ _1\"></span>22. Esta <span class=\"_ _b\"></span>actualizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _b\"></span>par\u00e1metros <span class=\"_ _e\"></span>retributivos <span class=\"_ _e\"></span>consider\u00f3 <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>nueva <span class=\"_ _e\"></span>estimaci\u00f3n <span class=\"_ _b\"></span>del <span class=\"_ _e\"></span>precio <span class=\"_ _e\"></span>medio anual <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>m<span class=\"_ _0\"></span>ercado <span class=\"_ _5\"> </span>el\u00e9ctri<span class=\"_ _1\"></span>co <span class=\"_ _5\"> </span>diario <span class=\"_ _5\"> </span>e <span class=\"_ _5\"> </span>intradiario <span class=\"_ _7\"> </span>para <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>ejercicio <span class=\"_ _5\"> </span>2022, <span class=\"_ _7\"> </span>el <span class=\"_ _3\"> </span>cual <span class=\"_ _7\"></span>ascend\u00eda <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>121,92 \u20ac/MWh.<span class=\"ff4\"> </span>Real Decreto-ley 2<span class=\"_ _1\"></span>0/2022 Con <span class=\"_ _c\"></span>fecha <span class=\"_ _c\"></span>28 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>diciembre <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>2022 <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>public\u00f3 <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _b\"></span>Bolet\u00edn <span class=\"_ _7\"></span>Oficial <span class=\"_ _b\"></span>del <span class=\"_ _7\"></span>Estad<span class=\"_ _1\"></span>o <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Real <span class=\"_ _c\"></span>Decreto<span class=\"_ _0\"></span>-ley 20/2022, <span class=\"_ _8\"> </span>por <span class=\"_ _13\"> </span>el <span class=\"_ _8\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>adoptan <span class=\"_ _8\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>prorrogan <span class=\"_ _8\"> </span>determinadas <span class=\"_ _8\"> </span>medidas <span class=\"_ _13\"> </span>para <span class=\"_ _8\"> </span>responder <span class=\"_ _8\"> </span>a <span class=\"_ _13\"> </span>las<span class=\"_ _1\"></span> consecuencias <span class=\"_ _7\"></span>econ\u00f3mica<span class=\"_ _1\"></span>s <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>sociales <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>la <span class=\"_ _7\"> </span>guerra <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>Ucrania, <span class=\"_ _7\"> </span>para <span class=\"_ _7\"> </span>hacer <span class=\"_ _5\"> </span>frente <span class=\"_ _7\"></span>a <span class=\"_ _7\"> </span>situaciones <span class=\"_ _7\"> </span>de vulnerabilidad soci<span class=\"_ _1\"></span>al y econ\u00f3mica, y<span class=\"_ _1\"></span> para la recupera<span class=\"_ _1\"></span>ci\u00f3n econ\u00f3mica <span class=\"_ _1\"></span>y social de la isla de <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>a Palma. En <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>citado <span class=\"_ _e\"></span>Real <span class=\"_ _0\"></span>Decreto-ley, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>estableci\u00f3, <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>forma <span class=\"_ _0\"></span>excepcional, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>prolongaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>suspensi\u00f3n temporal <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Impuesto <span class=\"_ _0\"></span>sobre el <span class=\"_ _e\"></span>valor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>producci\u00f3n de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _0\"></span>que producen electricidad<span class=\"_ _1\"></span> y la incorpora<span class=\"ls1a\">ro</span>n al sistema el\u00e9ctrico<span class=\"_ _1\"></span> hasta el 31 de dicie<span class=\"_ _6\"></span>mbre de 2023. De <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>forma, <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>c\u00e1lculo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _10\"></span>pagos <span class=\"_ _6\"></span>fraccionados <span class=\"_ _6\"></span>correspondientes<span class=\"_ _6\"></span> a<span class=\"_ _6\"></span> los<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>cuatro <span class=\"_ _6\"></span>trimestres<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>023, <span class=\"_ _6\"></span>el valor<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span> la<span class=\"_ _6\"></span> producci\u00f3n<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>incorpo<span class=\"_ _0\"></span>rada <span class=\"_ _6\"></span>al sist<span class=\"_ _1\"></span>ema <span class=\"_ _6\"></span>el\u00e9ctrico duran<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>dichos<span class=\"_ _6\"></span> periodos fue de cer<span class=\"_ _1\"></span>o euros. Orden TED/741<span class=\"_ _1\"></span>/2023 Con <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>8 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>public\u00f3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Orden <span class=\"_ _6\"></span>TED/741<span class=\"_ _1\"></span>/2023, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>junio, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>actualizan los  par\u00e1metros  retribu<span class=\"_ _1\"></span>tivos  de  las<span class=\"_ _1\"></span>  instalaciones  tip<span class=\"_ _1\"></span>o  aplicables  a  deter<span class=\"_ _1\"></span>minadas  instalaci<span class=\"_ _1\"></span>ones  de<span class=\"_ _38\"> </span>producci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _1\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>a partir <span class=\"_ _1\"></span>de fu<span class=\"_ _6\"></span>entes de <span class=\"_ _6\"></span>energ\u00eda ren<span class=\"_ _1\"></span>ovables, <span class=\"_ _1\"></span>cogeneraci\u00f3n <span class=\"_ _6\"></span>y residuos <span class=\"_ _1\"></span>de aplicaci\u00f3n al se<span class=\"_ _1\"></span>miperiodo regulatori<span class=\"_ _1\"></span>o que tiene su inic<span class=\"_ _6\"></span>io<span class=\"_ _0\"></span> el 1 de ener<span class=\"_ _1\"></span>o de 2023.<span class=\"_ _38\"> </span>Esta <span class=\"_ _3\"> </span>actualizaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>los <span class=\"_ _5\"> </span>par\u00e1metros <span class=\"_ _3\"> </span>retribu<span class=\"_ _1\"></span>tivos <span class=\"_ _3\"> </span>considera<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>un <span class=\"_ _3\"> </span>precio <span class=\"_ _5\"> </span>medio <span class=\"_ _3\"> </span>anual <span class=\"_ _3\"> </span>estimado <span class=\"_ _5\"> </span>del mercado <span class=\"_ _1\"></span>el\u00e9ctrico diar<span class=\"_ _1\"></span>io e <span class=\"_ _6\"></span>intradiario de 1<span class=\"_ _1\"></span>09,31 \u20ac/<span class=\"_ _1\"></span>MWh para <span class=\"_ _6\"></span>2023, 108,86 <span class=\"_ _6\"></span>\u20ac/MWh para <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>y 89,37<span class=\"_ _6\"></span> \u20ac/MWh para 202<span class=\"_ _1\"></span>5 y posteriores.<span class=\"ff4\"> </span>Asimismo, <span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>c\u00e1lculo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>nuevo<span class=\"_ _0\"></span>s <span class=\"_ _e\"></span>par\u00e1metros <span class=\"_ _0\"></span>retributivos <span class=\"_ _e\"></span>tuvo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>consideraci\u00f3n <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>suspensi\u00f3n <span class=\"_ _e\"></span>del Impuesto <span class=\"_ _7\"></span>sobre <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>valor <span class=\"_ _5\"> </span>de <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>producci\u00f3n <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>energ\u00eda <span class=\"_ _7\"></span>el\u00e9ctrica <span class=\"_ _7\"></span>establecida <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>Real <span class=\"_ _7\"></span>Decreto<span class=\"_ _0\"></span>-Ley 20/2022. Por <span class=\"_ _0\"></span>\u00faltimo, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>25 <span class=\"_ _e\"></span>de enero <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>CNMC <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>publicado <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>reso<span class=\"_ _0\"></span>luci\u00f3n INF/DE/019/24 <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la que <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>establece <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>el <span class=\"_ _c\"></span>precio <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>edio <span class=\"_ _b\"></span>anual <span class=\"_ _b\"></span>del <span class=\"_ _c\"></span>mercado <span class=\"_ _b\"></span>diario <span class=\"_ _b\"></span>e <span class=\"_ _c\"></span>intradiario<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>para <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>ejercicio <span class=\"_ _b\"></span>2023 ascendi\u00f3 <span class=\"_ _0\"></span><span class=\"ff7\">a 8<span class=\"_ _0\"></span>7,01 \u20ac/MWh, as\u00ed <span class=\"_ _e\"></span>como lo<span class=\"_ _0\"></span>s coeficientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>apuntamient<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>definitivos por <span class=\"_ _0\"></span>tecnolog\u00eda <span class=\"_ _0\"></span>para </span>dicho ejercicio.<span class=\"_ _38\"> </span>Marco regulatorio<span class=\"_ _1\"></span> en Italia<span class=\"_ _38\"> </span> El <span class=\"_ _e\"></span>proyecto <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>ley <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>introdujo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>Italia <span class=\"_ _b\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>Directiva <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>UE <span class=\"_ _e\"></span>2001/77/CE <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>luego <span class=\"_ _e\"></span>se implement\u00f3  con  la  aprobaci\u00f3n  del  Decreto  Legislativo  387  de  2003. <span class=\"_ _8\"> </span>Este  mecanism<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>  entr\u00f3  en funcionamiento <span class=\"_ _13\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>entrada <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>vigor <span class=\"_ _17\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>D<span class=\"_ _0\"></span>ecretos <span class=\"_ _12\"> </span>Interministeriales <span class=\"_ _12\"> </span>de <span class=\"_ _17\"> </span>28/07/2005<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>y 06/02/2006 (I Conto de Energ\u00eda) que introdujo el sistema<span class=\"_ _1\"></span> de financiaci\u00f3n de la cuenta operativa para la producci\u00f3n de <span class=\"_ _1\"></span>electricidad<span class=\"_ _1\"></span>. Con <span class=\"_ _c\"></span>el <span class=\"_ _b\"></span>decreto <span class=\"_ _b\"></span>ministerial <span class=\"_ _b\"></span>19/02/2007 <span class=\"_ _b\"></span>(II <span class=\"_ _b\"></span>Co<span class=\"_ _0\"></span>nto <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>Energ\u00eda) <span class=\"_ _c\"></span>se <span class=\"_ _b\"></span>introdujeron <span class=\"_ _b\"></span>algunas <span class=\"_ _b\"></span>caracter\u00edsticas nuevas, <span class=\"_ _7\"></span>como <span class=\"_ _7\"></span>la <span class=\"_ _7\"> </span>aplicaci\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>tarifa <span class=\"_ _7\"> </span>de <span class=\"_ _7\"> </span>incentivo <span class=\"_ _7\"> </span>a <span class=\"_ _7\"> </span>to<span class=\"_ _0\"></span>da <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>energ\u00eda <span class=\"_ _7\"> </span>producida <span class=\"_ _7\"></span>por <span class=\"_ _7\"></span>la <span class=\"_ _7\"> </span>planta, <span class=\"_ _7\"> </span>la simplificaci\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>reglas <span class=\"_ _5\"> </span>para <span class=\"_ _5\"> </span>acceder <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>tarifas <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>incentivos <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>la<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>diferenciaci\u00f3n<span class=\"_ _6\"></span>  de<span class=\"_ _6\"></span>  tarifas<span class=\"_ _6\"></span> tambi\u00e9n en funci\u00f3n<span class=\"_ _1\"></span> del tipo de integraci<span class=\"_ _1\"></span>\u00f3n arquitect\u00f3nica y <span class=\"_ _1\"></span>el tama\u00f1o del si<span class=\"_ _1\"></span>stema.  Tambi\u00e9n <span class=\"_ _5\"> </span>se <span class=\"_ _5\"> </span>proporci<span class=\"_ _1\"></span>on\u00f3 <span class=\"_ _5\"> </span>una <span class=\"_ _5\"> </span>bonificaci\u00f3n <span class=\"_ _5\"> </span>para <span class=\"_ _5\"> </span>los <span class=\"_ _7\"> </span>sistemas <span class=\"_ _5\"> </span>fotovoltaicos <span class=\"_ _5\"> </span>combinad<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>con <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>uso eficiente de la energ\u00ed<span class=\"_ _1\"></span>a. En <span class=\"_ _b\"></span>2010, <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>D.M. <span class=\"_ _b\"></span>08/06/2010 <span class=\"_ _e\"></span>entr\u00f3 <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>vigor <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>III <span class=\"_ _e\"></span>Conto <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>Energ\u00eda, <span class=\"_ _b\"></span>aplicable <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>plantas <span class=\"_ _b\"></span>que entraron en fu<span class=\"_ _1\"></span>ncionamient<span class=\"_ _1\"></span>o desde el <span class=\"_ _6\"></span>1 de enero de <span class=\"_ _1\"></span>2011 hasta <span class=\"_ _1\"></span>el 31 de <span class=\"_ _1\"></span>mayo de<span class=\"_ _1\"></span> 2011, que <span class=\"_ _1\"></span>introdujo tarifas <span class=\"_ _e\"></span>espec\u00edficas <span class=\"_ _0\"></span>para <span class=\"_ _e\"></span>sistemas <span class=\"_ _e\"></span>fotovoltaicos <span class=\"_ _0\"></span>integrados <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>caracter\u00edsticas <span class=\"_ _e\"></span>innovadoras <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>sistemas fotovoltaicos para la c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ncentraci\u00f3n. Con la <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>ey n. <span class=\"_ _1\"></span>129/2010 <span class=\"_ _1\"></span>(la llamada <span class=\"_ _1\"></span>\"legge <span class=\"_ _1\"></span>salva Alc<span class=\"_ _1\"></span>oa\", la <span class=\"_ _1\"></span>\u201cLey de <span class=\"_ _1\"></span>Ahorro de<span class=\"_ _1\"></span> Alcoa\u201d), <span class=\"_ _6\"></span>las tarifas para <span class=\"_ _1\"></span>el<span class=\"_ _1\"></span> a\u00f1o <span class=\"_ _5\"> </span>2010 <span class=\"_ _3\"> </span>del <span class=\"_ _3\"> </span><span class=\"ls10\">II <span class=\"_ _5\"> </span></span>Conto <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>Energ\u00eda <span class=\"_ _3\"> </span>se <span class=\"_ _5\"> </span>confirmaron <span class=\"_ _5\"> </span>para <span class=\"_ _3\"> </span>todas <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>plantas <span class=\"_ _5\"> </span>capaces <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>certificar<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>la finalizaci\u00f3n de las obras an<span class=\"_ _1\"></span>tes del 31 de diciembre de 2010 y entrar en fun<span class=\"_ _1\"></span>cionamient<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span><span class=\"lsd\">el</span> 30 de junio de 2011. Despu\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Decreto <span class=\"_ _0\"></span>Legislativo 2<span class=\"_ _0\"></span>8/201<span class=\"_ _1\"></span>1 <span class=\"_ _e\"></span>se <span class=\"_ _0\"></span>public\u00f3 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Decreto <span class=\"_ _0\"></span>Ministerial <span class=\"_ _0\"></span>05/05/2011 (IV <span class=\"_ _3\"> </span>Conto <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>Energ\u00eda) <span class=\"_ _3\"> </span>que <span class=\"_ _5\"> </span>defini\u00f3 <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>mecanism<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>incentivos <span class=\"_ _5\"> </span>para <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>plantas <span class=\"_ _5\"> </span>que <span class=\"_ _3\"> </span>entrar<span class=\"_ _1\"></span>on <span class=\"_ _5\"> </span>en funcionamiento despu\u00e9s del <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de mayo <span class=\"_ _0\"></span>de 2011 <span class=\"_ _0\"></span>con el objetivo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>alinear el nivel <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las tarifas <span class=\"_ _0\"></span>con la <span class=\"_ _6\"></span>evoluci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>costos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>tecnolog\u00eda <span class=\"_ _6\"></span>fotovoltaica <span class=\"_ _10\"></span>e in<span class=\"_ _1\"></span>troducir <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>l\u00edmite <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>nual <span class=\"_ _10\"></span>de coste <span class=\"_ _10\"></span>acumulado de los incentivos<span class=\"_ _1\"></span>, establecido en <span class=\"_ _1\"></span>6 mil millones de eur<span class=\"_ _1\"></span>os. Con <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>enfoque <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>l\u00edmite <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>costes <span class=\"_ _7\"></span>identificad<span class=\"_ _1\"></span>o <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>IV <span class=\"_ _7\"></span>Conto <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>Energ\u00eda, <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>public\u00f3 <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Decreto Ministerial <span class=\"_ _1\"></span>05/07/2012<span class=\"_ _1\"></span> (V Cont<span class=\"_ _1\"></span>o de energ<span class=\"_ _1\"></span>\u00eda) que<span class=\"_ _6\"></span> confirm\u00f3 parcial<span class=\"_ _1\"></span>mente la<span class=\"_ _1\"></span>s disp<span class=\"_ _1\"></span>osiciones d<span class=\"_ _1\"></span>el Decret<span class=\"_ _6\"></span>o Ministerial <span class=\"_ _0\"></span>05/05/2011 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>establecer <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>coste <span class=\"_ _e\"></span>acumulado <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>incentivos <span class=\"_ _0\"></span>igual <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,<span class=\"lsc\">7 <span class=\"_ _0\"></span></span>mil <span class=\"_ _0\"></span>millones <span class=\"_ _e\"></span>de<span class=\"_ _38\"> </span> euros. <span class=\"_ _0\"></span>Las <span class=\"_ _e\"></span>disposiciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>incentivos <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Energ\u00eda <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>han <span class=\"_ _0\"></span>aplicado <span class=\"_ _e\"></span>desde <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>6 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>julio <span class=\"_ _0\"></span>de 2013 despu\u00e9s de alcan<span class=\"_ _1\"></span>zar el tech<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de 6.7<span class=\"lsc\">00</span> mil mill<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes de euros.<span class=\"_ _1\"></span> Todas las <span class=\"_ _1\"></span>plantas que<span class=\"_ _1\"></span> actua<span class=\"_ _1\"></span>lmente son <span class=\"_ _1\"></span>propiedad <span class=\"_ _1\"></span>de S<span class=\"_ _1\"></span>olaria en <span class=\"_ _1\"></span>Italia est\u00e1n <span class=\"_ _6\"></span>o bien ad<span class=\"_ _1\"></span>scritas al II <span class=\"_ _1\"></span>Conto<span class=\"_ _1\"></span> de Energ\u00eda o al IV<span class=\"_ _1\"></span> Conto de Energ\u00eda.<span class=\"_ _1\"></span> El 25 de junio<span class=\"_ _1\"></span> de 2014 el G<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bierno italian<span class=\"_ _1\"></span>o present\u00f3 e<span class=\"_ _1\"></span>l Decreto Ley <span class=\"_ _1\"></span>91/2014 en <span class=\"_ _1\"></span>el que se pr<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pusieron una <span class=\"_ _0\"></span>serie <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>medidas <span class=\"_ _0\"></span>urgentes <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>reducci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>electricidad. <span class=\"_ _0\"></span>El <span class=\"_ _e\"></span>21 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>agosto<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>de<span class=\"_ _1\"></span> 2014 <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>aprob\u00f3 <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>Ley <span class=\"_ _c\"></span>N\u00ba <span class=\"_ _b\"></span>116 <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>11 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>agosto <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2014 <span class=\"_ _c\"></span>sin <span class=\"_ _c\"></span>pr\u00e1ctica<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>modificaciones <span class=\"_ _b\"></span>so<span class=\"_ _0\"></span>bre <span class=\"_ _b\"></span>el<span class=\"_ _1\"></span> borrador <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Decreto <span class=\"_ _e\"></span>Ley <span class=\"_ _e\"></span>propuesto. <span class=\"_ _0\"></span>Esta <span class=\"_ _e\"></span>Ley, <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>su <span class=\"_ _b\"></span>Art\u00edculo <span class=\"_ _0\"></span>26 <span class=\"_ _e\"></span>establece <span class=\"_ _0\"></span>una <span class=\"_ _e\"></span>serie <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>medidas <span class=\"_ _e\"></span>que afectan a <span class=\"_ _6\"></span>to<span class=\"_ _0\"></span>das las <span class=\"_ _6\"></span>plantas fotovoltaicas <span class=\"_ _1\"></span>con una <span class=\"_ _6\"></span>po<span class=\"_ _0\"></span>ten<span class=\"_ _1\"></span>cia pico superi<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r a <span class=\"_ _1\"></span>200 kW <span class=\"_ _1\"></span>(Spalma In<span class=\"_ _1\"></span>centivi) <span class=\"_ _1\"></span>y para las que se definen di<span class=\"_ _6\"></span>versas opciones de reducci<span class=\"_ _1\"></span>\u00f3n de los incenti<span class=\"_ _1\"></span>vos:<span class=\"_ _38\"> </span>a)<span class=\"ff2 ls0\"> <span class=\"_ _d\"> </span><span class=\"ff4\">Extensi\u00f3n de la<span class=\"_ _6\"></span> tarifa de 2<span class=\"_ _1\"></span>0 a <span class=\"_ _1\"></span>24 a\u00f1os, c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>n una <span class=\"_ _1\"></span>reducci\u00f3n en <span class=\"_ _6\"></span>funci\u00f3n de l<span class=\"_ _1\"></span>os a\u00f1os d<span class=\"_ _6\"></span>e operaci\u00f3n </span></span>restantes:<span class=\"_ _38\"> </span><div class=\"c w23 h26 gs4\"><div class=\"t m0 x13 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">A\u00f1os pendientes <span class=\"_ _1\"></span>de incentivo </div></div><div class=\"c w24 h26 gs5\"><div class=\"t m0 x27 hc y207 ff3 fs6 fc0 sc0 ls0 ws0\">Porcentaje de reducci<span class=\"_ _1\"></span>\u00f3n </div><div class=\"t m0 x14 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">de la tarifa </div></div><div class=\"c w23 hd gs6\"><div class=\"t m0 x3 he y29 ff4 fs6 fc0 sc0 ls3 ws0\">12<span class=\"ls0\"> </span></div></div><div class=\"c w24 hd gs7\"><div class=\"t m0 x23 he y29 ff4 fs6 fc0 sc0 ls3 ws0\">25%<span class=\"ls0\"> </span></div></div><div class=\"c w23 hb gs8\"><div class=\"t m0 x3 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">13<span class=\"ls0\"> </span></div></div><div class=\"c w24 hb gs9\"><div class=\"t m0 x23 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">24%<span class=\"ls0\"> </span></div></div><div class=\"c w23 hd gsa\"><div class=\"t m0 x3 he y29 ff4 fs6 fc0 sc0 ls3 ws0\">14<span class=\"ls0\"> </span></div></div><div class=\"c w24 hd gsb\"><div class=\"t m0 x23 he y29 ff4 fs6 fc0 sc0 ls3 ws0\">22%<span class=\"ls0\"> </span></div></div><div class=\"c w23 hb gsc\"><div class=\"t m0 x3 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">15<span class=\"ls0\"> </span></div></div><div class=\"c w24 hb gsd\"><div class=\"t m0 x23 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">21%<span class=\"ls0\"> </span></div></div><div class=\"c w23 hf gse\"><div class=\"t m0 x3 he y36 ff4 fs6 fc0 sc0 ls3 ws0\">16<span class=\"ls0\"> </span></div></div><div class=\"c w24 hf gsf\"><div class=\"t m0 x23 he y36 ff4 fs6 fc0 sc0 ls3 ws0\">20%<span class=\"ls0\"> </span></div></div><div class=\"c w23 hd gs10\"><div class=\"t m0 x3 he y29 ff4 fs6 fc0 sc0 ls3 ws0\">17<span class=\"ls0\"> </span></div></div><div class=\"c w24 hd gs11\"><div class=\"t m0 x23 he y29 ff4 fs6 fc0 sc0 ls3 ws0\">19%<span class=\"ls0\"> </span></div></div><div class=\"c w23 hb gs12\"><div class=\"t m0 x3 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">18<span class=\"ls0\"> </span></div></div><div class=\"c w24 hb gs13\"><div class=\"t m0 x23 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">18%<span class=\"ls0\"> </span></div></div><div class=\"c w23 hb gs14\"><div class=\"t m0 x45 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">19 o m\u00e1s </div></div><div class=\"c w24 hb gs15\"><div class=\"t m0 x23 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">17%<span class=\"ls0\"> </span></div></div>b)<span class=\"ff2 ls0\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Se <span class=\"_ _e\"></span>mantienen <span class=\"_ _b\"></span>los <span class=\"_ _e\"></span>20 <span class=\"_ _b\"></span>a\u00f1os <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>duraci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>tarifa <span class=\"_ _b\"></span>incentivada<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>con <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>reducci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _b\"></span>inicial <span class=\"_ _e\"></span>del </span></span>17% <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _b\"></span>ingresos <span class=\"_ _e\"></span>durante <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>period<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>7 <span class=\"_ _e\"></span>a\u00f1os <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>un <span class=\"_ _b\"></span>incremento <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>definir <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>futuro <span class=\"_ _b\"></span>a partir del a\u00f1o <span class=\"_ _1\"></span>octavo. c)<span class=\"ff2 ls0\"> <span class=\"_ _d\"> </span><span class=\"ff4\">Se mantienen los 20<span class=\"_ _1\"></span> a\u00f1os, pero se aplica una <span class=\"_ _1\"></span>reducci\u00f3n<span class=\"_ _1\"></span> espec\u00edfica de:<span class=\"_ _38\"> </span></span></span>6% para plantas FV entre 2<span class=\"_ _1\"></span>00 y 500 <span class=\"ls1e\">kW</span>,  - <span class=\"_ _1c\"> </span><span class=\"ff4\">7% para plantas FV entre 5<span class=\"_ _1\"></span>00 y 900 kW; </span>- <span class=\"_ _1c\"> </span><span class=\"ff4\">8% para plantas mayor<span class=\"_ _1\"></span>es de 900 kW. </span>Estas nuevas <span class=\"_ _0\"></span>tarifas fueron aplicables desde <span class=\"_ _0\"></span>el 1 <span class=\"_ _0\"></span>de enero <span class=\"_ _0\"></span>de 2015. <span class=\"_ _0\"></span>Las <span class=\"_ _0\"></span>plantas del <span class=\"_ _0\"></span>Grupo en Italia <span class=\"_ _0\"></span>se acogieron a las <span class=\"_ _1\"></span>modalidades b) y c).  Con <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>del <span class=\"_ _10\"></span>2<span class=\"_ _0\"></span>8 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>abril <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2022, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>public\u00f3 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Decreto-Ley <span class=\"_ _10\"></span>17/2022 <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>objeto <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>sim<span class=\"_ _0\"></span>plific<span class=\"ls19\">ar</span> <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>arco<span class=\"_ _6\"></span> normativo italian<span class=\"_ _1\"></span>o de energ\u00edas renovables<span class=\"_ _1\"></span> en el pa\u00eds.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-354": {
   "value": "2.<span class=\"ls0\">3 <span class=\"_ _11\"> </span>Camb<span class=\"_ _6\"></span>ios en <span class=\"_ _1\"></span>las p<span class=\"_ _1\"></span>ol\u00edt<span class=\"_ _1\"></span>icas<span class=\"_ _1\"></span> conta<span class=\"_ _1\"></span>bles </span>a)<span class=\"ff2 fs1 fc0 ls0\"> <span class=\"_ _14\"> </span></span><span class=\"ls0\">Normas <span class=\"_ _b\"></span>e <span class=\"_ _e\"></span>interpretaciones <span class=\"_ _e\"></span>aprobadas <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Uni\u00f3n <span class=\"_ _e\"></span>Europea <span class=\"_ _b\"></span>aplicadas <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>primera <span class=\"_ _b\"></span>vez <span class=\"_ _b\"></span>en </span>este ejercicio Las <span class=\"_ _7\"></span>pol\u00edticas <span class=\"_ _7\"></span>contables <span class=\"_ _7\"></span>util<span class=\"_ _6\"></span>izadas <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>la <span class=\"_ _7\"></span>preparaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>estas <span class=\"_ _7\"></span>cuentas <span class=\"_ _7\"></span>anuales <span class=\"_ _7\"></span>consolidadas<span class=\"_ _6\"></span> <span class=\"_ _5\"> </span>son <span class=\"_ _7\"></span>las mismas que las apli<span class=\"_ _1\"></span>cadas en el ejercicio an<span class=\"_ _1\"></span>terior, excepto por las sigu<span class=\"_ _1\"></span>ientes normas, in<span class=\"_ _1\"></span>terpretacione<span class=\"_ _1\"></span>s y modificacione<span class=\"_ _1\"></span>s que se han apl<span class=\"_ _1\"></span>icado por primera <span class=\"_ _1\"></span>vez en este ejercicio:<span class=\"_ _38\"> </span>Modificaciones a la N<span class=\"_ _1\"></span>IC 7 y NIIF 7: Acue<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>dos de financi<span class=\"_ _6\"></span>aci\u00f3n de proveedores<span class=\"_ _38\"> </span>Las <span class=\"_ _8\"> </span>modificaciones <span class=\"_ _8\"> </span>a<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>NIC <span class=\"_ _8\"> </span>7 <span class=\"_ _8\"> </span>Estado <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>flujos <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>efecti<span class=\"_ _1\"></span>vo <span class=\"_ _8\"> </span>y <span class=\"_ _8\"> </span>NIIF <span class=\"_ _8\"> </span>7 <span class=\"_ _8\"> </span>Instrument<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>financieros;<span class=\"_ _1\"></span> Informaci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>revelar <span class=\"_ _6\"></span>clarifican <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>caracter\u00edsticas <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>acuerdos <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>introducen <span class=\"_ _6\"></span>nuevos<span class=\"_ _1\"></span> desgloses <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bjetivo <span class=\"_ _6\"></span>ayudar a <span class=\"_ _6\"></span>los usuario<span class=\"_ _1\"></span>s de <span class=\"_ _6\"></span>los estados <span class=\"_ _6\"></span>financieros a <span class=\"_ _6\"></span>comprender <span class=\"_ _6\"></span>los efect<span class=\"_ _1\"></span>os de<span class=\"_ _6\"></span> estos acuerdos en l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s pasivos, fluj<span class=\"_ _1\"></span>os de efectivo y <span class=\"_ _1\"></span>en la exposici\u00f3n<span class=\"_ _1\"></span> al riesgo de liq<span class=\"_ _6\"></span>uidez.<span class=\"_ _0\"></span> Estos desgloses se d<span class=\"_ _6\"></span>et<span class=\"_ _0\"></span>allan en la no<span class=\"_ _1\"></span>ta 14.2 de la memoria<span class=\"_ _1\"></span>.  Modificaciones <span class=\"_ _c\"></span>a <span class=\"_ _7\"> </span>la <span class=\"_ _7\"> </span>NIC <span class=\"_ _c\"></span>1 <span class=\"_ _7\"> </span>Presentaci\u00f3n <span class=\"_ _c\"> </span>de <span class=\"_ _7\"> </span>estados <span class=\"_ _7\"> </span>financi<span class=\"_ _1\"></span>eros: <span class=\"_ _7\"> </span>clasificaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>pasivos <span class=\"_ _c\"></span>financieros como corrientes o no c<span class=\"_ _1\"></span>orrientes  Estas modificaciones aclaran los requerimientos que hay que <span class=\"_ _0\"></span>aplicar en la <span class=\"_ _0\"></span>clasificaci\u00f3n de los <span class=\"_ _0\"></span>pasivos<span class=\"_ _1\"></span> como <span class=\"_ _6\"></span>corrientes <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>no <span class=\"_ _1\"></span>corrientes. <span class=\"_ _10\"></span>En <span class=\"_ _1\"></span>concreto, <span class=\"_ _6\"></span>estas <span class=\"_ _6\"></span>modificaciones <span class=\"_ _6\"></span>clarifican <span class=\"_ _10\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>siguientes <span class=\"_ _6\"></span>conceptos: \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Derecho a <span class=\"_ _0\"></span>diferir <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>liquidaci\u00f3n. <span class=\"_ _0\"></span>Si <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>derecho de <span class=\"_ _0\"></span>una entidad <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>diferir <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>liquidaci\u00f3n <span class=\"_ _0\"></span>depende </span></span>de covenants futur<span class=\"_ _1\"></span>os, la entidad<span class=\"_ _1\"></span> tiene derecho a dif<span class=\"_ _1\"></span>erir el pago incl<span class=\"_ _1\"></span>uso si no cumple con <span class=\"_ _1\"></span>esos covenants futuros u<span class=\"_ _1\"></span>tilizando para su c\u00e1lculo<span class=\"_ _1\"></span> la informaci\u00f3n a la fecha<span class=\"_ _6\"></span> de <span class=\"_ _0\"></span>cierre.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Diferimientos esperad<span class=\"_ _1\"></span>os. La clasificaci\u00f3n <span class=\"_ _0\"></span>de un pasivo se ve <span class=\"_ _0\"></span>inalterada por la probabil<span class=\"_ _1\"></span>idad de </span></span>que <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>entidad <span class=\"_ _0\"></span>ejercite <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>derecho <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>diferir <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>pago <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _e\"></span>12 <span class=\"_ _e\"></span>meses <span class=\"_ _e\"></span>tras <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>cierre <span class=\"_ _e\"></span>del ejercicio.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Liquidaci\u00f3n <span class=\"_ _f\"> </span>mediante <span class=\"_ _f\"> </span>instrumentos <span class=\"_ _f\"> </span>de <span class=\"_ _16\"> </span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>propio. <span class=\"_ _16\"> </span>Hay <span class=\"_ _16\"> </span>una <span class=\"_ _f\"> </span>excepci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>a <span class=\"_ _16\"> </span>los </span></span>requerimientos <span class=\"_ _8\"> </span>para<span class=\"_ _6\"></span> <span class=\"_ _13\"> </span>liquid<span class=\"_ _1\"></span>ar <span class=\"_ _8\"> </span>pasivos <span class=\"_ _8\"> </span>mediante<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>instrumentos<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>propio <span class=\"_ _8\"> </span>que impacta la clasificaci\u00f3n<span class=\"_ _6\"></span> del pasivo. b)<span class=\"ff2 fs1 fc0 ls0\"> <span class=\"_ _14\"> </span></span><span class=\"ls0\">Normas e <span class=\"_ _10\"></span>interpretaciones <span class=\"_ _6\"></span>emitidas <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>el I<span class=\"_ _1\"></span>ASB, <span class=\"_ _1\"></span>pero <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>plicables <span class=\"_ _6\"></span>en e<span class=\"_ _1\"></span>ste <span class=\"_ _6\"></span>ejercicio<span class=\"_ _0\"></span> </span>El <span class=\"_ _b\"></span>Grupo <span class=\"_ _c\"></span>tiene <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>intenci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>adoptar <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>normas, <span class=\"_ _b\"></span>interpretaciones <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>modificaciones <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>normas emitidas <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>el IASB <span class=\"_ _6\"></span>que no<span class=\"_ _1\"></span> son <span class=\"_ _6\"></span>de aplicaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bligatoria <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>Uni\u00f3n Eur<span class=\"_ _1\"></span>opea cua<span class=\"_ _6\"></span>ndo entren <span class=\"_ _6\"></span>en vigor,<span class=\"_ _6\"></span> si <span class=\"_ _7\"></span>le <span class=\"_ _7\"> </span>son <span class=\"_ _5\"> </span>aplicabl<span class=\"_ _1\"></span>es. <span class=\"_ _7\"> </span>Aunque <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>Grupo <span class=\"_ _7\"></span>est\u00e1 <span class=\"_ _7\"> </span>actualmente <span class=\"_ _7\"></span>analizando <span class=\"_ _7\"> </span>su <span class=\"_ _5\"> </span>impact<span class=\"_ _1\"></span>o, <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>funci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _5\"> </span>los<span class=\"_ _1\"></span> an\u00e1lisis <span class=\"_ _7\"></span>realizados <span class=\"_ _7\"></span>hasta <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>fecha, <span class=\"_ _5\"> </span>el <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>estima <span class=\"_ _7\"></span>que <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>aplicaci\u00f3n <span class=\"_ _7\"></span>inicial <span class=\"_ _7\"></span>no <span class=\"_ _7\"></span>tendr\u00e1 <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>impacto significativo sobre sus<span class=\"_ _6\"></span> c<span class=\"_ _0\"></span>uentas anuales <span class=\"_ _1\"></span>consolidadas. Modificaciones a la N<span class=\"_ _1\"></span>IIF 9 y NIIF<span class=\"_ _1\"></span> 7: Contratos de energ\u00ed<span class=\"_ _6\"></span>a renovable Estas modific<span class=\"_ _1\"></span>aciones per<span class=\"_ _1\"></span>miten un<span class=\"_ _1\"></span> mejor r<span class=\"_ _1\"></span>eflejo contab<span class=\"_ _6\"></span>le de los con<span class=\"_ _1\"></span>tratos de <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _1\"></span>renovable en <span class=\"_ _1\"></span>los estados financier<span class=\"_ _1\"></span>os, a trav\u00e9s de las <span class=\"_ _1\"></span>siguientes modifica<span class=\"_ _6\"></span>cio<span class=\"_ _0\"></span>nes a la NIIF <span class=\"_ _1\"></span>9 y NIIF 7:  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Clarificar la aplica<span class=\"_ _1\"></span>ci\u00f3n de los requisit<span class=\"_ _1\"></span>os de \u00abuso propio\u00bb; </span></span>\u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Permitir <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>contabilidad <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>coberturas <span class=\"_ _c\"></span>si <span class=\"_ _c\"></span>estos <span class=\"_ _c\"></span>contratos <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>utilizan <span class=\"_ _c\"></span>como <span class=\"_ _c\"></span>instrumentos <span class=\"_ _c\"></span>de </span></span>cobertura; y \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Agregar <span class=\"_ _5\"> </span>nuevos <span class=\"_ _3\"> </span>desgloses <span class=\"_ _5\"> </span>para <span class=\"_ _3\"> </span>entender <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>efecto <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>estos <span class=\"_ _3\"> </span>contratos <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>rendimiento </span></span>financiero y los fluj<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s de efectivo. Las mo<span class=\"_ _0\"></span>dificacion<span class=\"_ _1\"></span>es <span class=\"_ _0\"></span>son efectivas para <span class=\"_ _0\"></span>los per\u00edodos <span class=\"_ _0\"></span>anuales que <span class=\"_ _0\"></span>comienc<span class=\"_ _1\"></span>en <span class=\"_ _0\"></span>a partir <span class=\"_ _0\"></span>del 1 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>enero de 2026.<span class=\"_ _38\"> </span>NIIF 18 Presentaci\u00f3n<span class=\"_ _1\"></span> e informaci\u00f3<span class=\"_ _1\"></span>n a revelar en los e<span class=\"_ _1\"></span>stados financi<span class=\"_ _1\"></span>eros<span class=\"_ _38\"> </span>La <span class=\"_ _0\"></span>IFRS <span class=\"_ _e\"></span>18 <span class=\"_ _e\"></span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>introduce, <span class=\"_ _0\"></span>entre <span class=\"_ _e\"></span>otros <span class=\"_ _0\"></span>cambios, <span class=\"_ _0\"></span>tres <span class=\"_ _e\"></span>nuevos <span class=\"_ _0\"></span>requerimien<span class=\"_ _1\"></span>tos <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>mejorar la <span class=\"_ _0\"></span>informaci\u00f3n de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>empresas <span class=\"_ _0\"></span>sobre su <span class=\"_ _e\"></span>rendimi<span class=\"_ _1\"></span>ento financiero <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>frecer a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>inversores una <span class=\"_ _0\"></span>mejor base para analizar <span class=\"_ _1\"></span>y comparar las e<span class=\"_ _1\"></span>mpresas:<span class=\"_ _38\"> </span>Mejora <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>comparabilidad <span class=\"_ _b\"></span>del <span class=\"_ _7\"></span>estado <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>rend<span class=\"_ _1\"></span>imiento <span class=\"_ _c\"></span>financiero <span class=\"_ _c\"></span>introduciendo <span class=\"_ _b\"></span>tres <span class=\"_ _7\"></span>nuevas<span class=\"_ _1\"></span> categor\u00edas: <span class=\"_ _13\"> </span>operativo, <span class=\"_ _17\"> </span>inversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>financiaci\u00f3n;<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>nuevos <span class=\"_ _12\"> </span>subtotales: <span class=\"_ _12\"> </span>resultado operativo y resultad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> antes de finan<span class=\"_ _1\"></span>ciaci\u00f3n e impues<span class=\"_ _1\"></span>to de la ganancia.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Proporciona <span class=\"_ _7\"></span>una <span class=\"_ _7\"> </span>mayor <span class=\"_ _5\"> </span>transparencia <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>las <span class=\"_ _7\"> </span>mediciones <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>rendimiento <span class=\"_ _7\"></span>definid<span class=\"_ _1\"></span>as <span class=\"_ _7\"> </span>po<span class=\"_ _0\"></span>r <span class=\"_ _7\"> </span>la </span></span>Direcci\u00f3n introduciend<span class=\"_ _6\"></span>o nuevas gu\u00edas y desgloses \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Facilita <span class=\"_ _7\"></span>gu\u00edas <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>prop<span class=\"_ _1\"></span>orcionar <span class=\"_ _7\"></span>una <span class=\"_ _c\"></span>agrupaci\u00f3n <span class=\"_ _c\"></span>m\u00e1s <span class=\"_ _7\"></span>\u00fatil <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>informaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>en <span class=\"_ _c\"></span>los <span class=\"_ _7\"></span>estados </span></span>financieros.  Esta norma ser\u00e1<span class=\"_ _1\"></span> de aplicaci\u00f3n a partir<span class=\"_ _1\"></span> del 1 de enero d<span class=\"_ _1\"></span>e 2027<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-380": {
   "value": "2.<span class=\"ls0\">3 <span class=\"_ _11\"> </span>Camb<span class=\"_ _6\"></span>ios en <span class=\"_ _1\"></span>las p<span class=\"_ _1\"></span>ol\u00edt<span class=\"_ _1\"></span>icas<span class=\"_ _1\"></span> conta<span class=\"_ _1\"></span>bles </span>a)<span class=\"ff2 fs1 fc0 ls0\"> <span class=\"_ _14\"> </span></span><span class=\"ls0\">Normas <span class=\"_ _b\"></span>e <span class=\"_ _e\"></span>interpretaciones <span class=\"_ _e\"></span>aprobadas <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Uni\u00f3n <span class=\"_ _e\"></span>Europea <span class=\"_ _b\"></span>aplicadas <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>primera <span class=\"_ _b\"></span>vez <span class=\"_ _b\"></span>en </span>este ejercicio Las <span class=\"_ _7\"></span>pol\u00edticas <span class=\"_ _7\"></span>contables <span class=\"_ _7\"></span>util<span class=\"_ _6\"></span>izadas <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>la <span class=\"_ _7\"></span>preparaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>estas <span class=\"_ _7\"></span>cuentas <span class=\"_ _7\"></span>anuales <span class=\"_ _7\"></span>consolidadas<span class=\"_ _6\"></span> <span class=\"_ _5\"> </span>son <span class=\"_ _7\"></span>las mismas que las apli<span class=\"_ _1\"></span>cadas en el ejercicio an<span class=\"_ _1\"></span>terior, excepto por las sigu<span class=\"_ _1\"></span>ientes normas, in<span class=\"_ _1\"></span>terpretacione<span class=\"_ _1\"></span>s y modificacione<span class=\"_ _1\"></span>s que se han apl<span class=\"_ _1\"></span>icado por primera <span class=\"_ _1\"></span>vez en este ejercicio:<span class=\"_ _38\"> </span>Modificaciones a la N<span class=\"_ _1\"></span>IC 7 y NIIF 7: Acue<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>dos de financi<span class=\"_ _6\"></span>aci\u00f3n de proveedores<span class=\"_ _38\"> </span>Las <span class=\"_ _8\"> </span>modificaciones <span class=\"_ _8\"> </span>a<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>NIC <span class=\"_ _8\"> </span>7 <span class=\"_ _8\"> </span>Estado <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>flujos <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>efecti<span class=\"_ _1\"></span>vo <span class=\"_ _8\"> </span>y <span class=\"_ _8\"> </span>NIIF <span class=\"_ _8\"> </span>7 <span class=\"_ _8\"> </span>Instrument<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>financieros;<span class=\"_ _1\"></span> Informaci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>revelar <span class=\"_ _6\"></span>clarifican <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>caracter\u00edsticas <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>acuerdos <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>introducen <span class=\"_ _6\"></span>nuevos<span class=\"_ _1\"></span> desgloses <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bjetivo <span class=\"_ _6\"></span>ayudar a <span class=\"_ _6\"></span>los usuario<span class=\"_ _1\"></span>s de <span class=\"_ _6\"></span>los estados <span class=\"_ _6\"></span>financieros a <span class=\"_ _6\"></span>comprender <span class=\"_ _6\"></span>los efect<span class=\"_ _1\"></span>os de<span class=\"_ _6\"></span> estos acuerdos en l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s pasivos, fluj<span class=\"_ _1\"></span>os de efectivo y <span class=\"_ _1\"></span>en la exposici\u00f3n<span class=\"_ _1\"></span> al riesgo de liq<span class=\"_ _6\"></span>uidez.<span class=\"_ _0\"></span> Estos desgloses se d<span class=\"_ _6\"></span>et<span class=\"_ _0\"></span>allan en la no<span class=\"_ _1\"></span>ta 14.2 de la memoria<span class=\"_ _1\"></span>.  Modificaciones <span class=\"_ _c\"></span>a <span class=\"_ _7\"> </span>la <span class=\"_ _7\"> </span>NIC <span class=\"_ _c\"></span>1 <span class=\"_ _7\"> </span>Presentaci\u00f3n <span class=\"_ _c\"> </span>de <span class=\"_ _7\"> </span>estados <span class=\"_ _7\"> </span>financi<span class=\"_ _1\"></span>eros: <span class=\"_ _7\"> </span>clasificaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>pasivos <span class=\"_ _c\"></span>financieros como corrientes o no c<span class=\"_ _1\"></span>orrientes  Estas modificaciones aclaran los requerimientos que hay que <span class=\"_ _0\"></span>aplicar en la <span class=\"_ _0\"></span>clasificaci\u00f3n de los <span class=\"_ _0\"></span>pasivos<span class=\"_ _1\"></span> como <span class=\"_ _6\"></span>corrientes <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>no <span class=\"_ _1\"></span>corrientes. <span class=\"_ _10\"></span>En <span class=\"_ _1\"></span>concreto, <span class=\"_ _6\"></span>estas <span class=\"_ _6\"></span>modificaciones <span class=\"_ _6\"></span>clarifican <span class=\"_ _10\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>siguientes <span class=\"_ _6\"></span>conceptos: \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Derecho a <span class=\"_ _0\"></span>diferir <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>liquidaci\u00f3n. <span class=\"_ _0\"></span>Si <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>derecho de <span class=\"_ _0\"></span>una entidad <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>diferir <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>liquidaci\u00f3n <span class=\"_ _0\"></span>depende </span></span>de covenants futur<span class=\"_ _1\"></span>os, la entidad<span class=\"_ _1\"></span> tiene derecho a dif<span class=\"_ _1\"></span>erir el pago incl<span class=\"_ _1\"></span>uso si no cumple con <span class=\"_ _1\"></span>esos covenants futuros u<span class=\"_ _1\"></span>tilizando para su c\u00e1lculo<span class=\"_ _1\"></span> la informaci\u00f3n a la fecha<span class=\"_ _6\"></span> de <span class=\"_ _0\"></span>cierre.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Diferimientos esperad<span class=\"_ _1\"></span>os. La clasificaci\u00f3n <span class=\"_ _0\"></span>de un pasivo se ve <span class=\"_ _0\"></span>inalterada por la probabil<span class=\"_ _1\"></span>idad de </span></span>que <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>entidad <span class=\"_ _0\"></span>ejercite <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>derecho <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>diferir <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>pago <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _e\"></span>12 <span class=\"_ _e\"></span>meses <span class=\"_ _e\"></span>tras <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>cierre <span class=\"_ _e\"></span>del ejercicio.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Liquidaci\u00f3n <span class=\"_ _f\"> </span>mediante <span class=\"_ _f\"> </span>instrumentos <span class=\"_ _f\"> </span>de <span class=\"_ _16\"> </span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>propio. <span class=\"_ _16\"> </span>Hay <span class=\"_ _16\"> </span>una <span class=\"_ _f\"> </span>excepci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>a <span class=\"_ _16\"> </span>los </span></span>requerimientos <span class=\"_ _8\"> </span>para<span class=\"_ _6\"></span> <span class=\"_ _13\"> </span>liquid<span class=\"_ _1\"></span>ar <span class=\"_ _8\"> </span>pasivos <span class=\"_ _8\"> </span>mediante<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>instrumentos<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>propio <span class=\"_ _8\"> </span>que impacta la clasificaci\u00f3n<span class=\"_ _6\"></span> del pasivo. b)<span class=\"ff2 fs1 fc0 ls0\"> <span class=\"_ _14\"> </span></span><span class=\"ls0\">Normas e <span class=\"_ _10\"></span>interpretaciones <span class=\"_ _6\"></span>emitidas <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>el I<span class=\"_ _1\"></span>ASB, <span class=\"_ _1\"></span>pero <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>plicables <span class=\"_ _6\"></span>en e<span class=\"_ _1\"></span>ste <span class=\"_ _6\"></span>ejercicio<span class=\"_ _0\"></span> </span>El <span class=\"_ _b\"></span>Grupo <span class=\"_ _c\"></span>tiene <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>intenci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>adoptar <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>normas, <span class=\"_ _b\"></span>interpretaciones <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>modificaciones <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>normas emitidas <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>el IASB <span class=\"_ _6\"></span>que no<span class=\"_ _1\"></span> son <span class=\"_ _6\"></span>de aplicaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bligatoria <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>Uni\u00f3n Eur<span class=\"_ _1\"></span>opea cua<span class=\"_ _6\"></span>ndo entren <span class=\"_ _6\"></span>en vigor,<span class=\"_ _6\"></span> si <span class=\"_ _7\"></span>le <span class=\"_ _7\"> </span>son <span class=\"_ _5\"> </span>aplicabl<span class=\"_ _1\"></span>es. <span class=\"_ _7\"> </span>Aunque <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>Grupo <span class=\"_ _7\"></span>est\u00e1 <span class=\"_ _7\"> </span>actualmente <span class=\"_ _7\"></span>analizando <span class=\"_ _7\"> </span>su <span class=\"_ _5\"> </span>impact<span class=\"_ _1\"></span>o, <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>funci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _5\"> </span>los<span class=\"_ _1\"></span> an\u00e1lisis <span class=\"_ _7\"></span>realizados <span class=\"_ _7\"></span>hasta <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>fecha, <span class=\"_ _5\"> </span>el <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>estima <span class=\"_ _7\"></span>que <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>aplicaci\u00f3n <span class=\"_ _7\"></span>inicial <span class=\"_ _7\"></span>no <span class=\"_ _7\"></span>tendr\u00e1 <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>impacto significativo sobre sus<span class=\"_ _6\"></span> c<span class=\"_ _0\"></span>uentas anuales <span class=\"_ _1\"></span>consolidadas. Modificaciones a la N<span class=\"_ _1\"></span>IIF 9 y NIIF<span class=\"_ _1\"></span> 7: Contratos de energ\u00ed<span class=\"_ _6\"></span>a renovable Estas modific<span class=\"_ _1\"></span>aciones per<span class=\"_ _1\"></span>miten un<span class=\"_ _1\"></span> mejor r<span class=\"_ _1\"></span>eflejo contab<span class=\"_ _6\"></span>le de los con<span class=\"_ _1\"></span>tratos de <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _1\"></span>renovable en <span class=\"_ _1\"></span>los estados financier<span class=\"_ _1\"></span>os, a trav\u00e9s de las <span class=\"_ _1\"></span>siguientes modifica<span class=\"_ _6\"></span>cio<span class=\"_ _0\"></span>nes a la NIIF <span class=\"_ _1\"></span>9 y NIIF 7:  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Clarificar la aplica<span class=\"_ _1\"></span>ci\u00f3n de los requisit<span class=\"_ _1\"></span>os de \u00abuso propio\u00bb; </span></span>\u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Permitir <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>contabilidad <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>coberturas <span class=\"_ _c\"></span>si <span class=\"_ _c\"></span>estos <span class=\"_ _c\"></span>contratos <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>utilizan <span class=\"_ _c\"></span>como <span class=\"_ _c\"></span>instrumentos <span class=\"_ _c\"></span>de </span></span>cobertura; y \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Agregar <span class=\"_ _5\"> </span>nuevos <span class=\"_ _3\"> </span>desgloses <span class=\"_ _5\"> </span>para <span class=\"_ _3\"> </span>entender <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>efecto <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>estos <span class=\"_ _3\"> </span>contratos <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>rendimiento </span></span>financiero y los fluj<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s de efectivo. Las mo<span class=\"_ _0\"></span>dificacion<span class=\"_ _1\"></span>es <span class=\"_ _0\"></span>son efectivas para <span class=\"_ _0\"></span>los per\u00edodos <span class=\"_ _0\"></span>anuales que <span class=\"_ _0\"></span>comienc<span class=\"_ _1\"></span>en <span class=\"_ _0\"></span>a partir <span class=\"_ _0\"></span>del 1 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>enero de 2026.<span class=\"_ _38\"> </span>NIIF 18 Presentaci\u00f3n<span class=\"_ _1\"></span> e informaci\u00f3<span class=\"_ _1\"></span>n a revelar en los e<span class=\"_ _1\"></span>stados financi<span class=\"_ _1\"></span>eros<span class=\"_ _38\"> </span>La <span class=\"_ _0\"></span>IFRS <span class=\"_ _e\"></span>18 <span class=\"_ _e\"></span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>introduce, <span class=\"_ _0\"></span>entre <span class=\"_ _e\"></span>otros <span class=\"_ _0\"></span>cambios, <span class=\"_ _0\"></span>tres <span class=\"_ _e\"></span>nuevos <span class=\"_ _0\"></span>requerimien<span class=\"_ _1\"></span>tos <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>mejorar la <span class=\"_ _0\"></span>informaci\u00f3n de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>empresas <span class=\"_ _0\"></span>sobre su <span class=\"_ _e\"></span>rendimi<span class=\"_ _1\"></span>ento financiero <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>frecer a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>inversores una <span class=\"_ _0\"></span>mejor base para analizar <span class=\"_ _1\"></span>y comparar las e<span class=\"_ _1\"></span>mpresas:<span class=\"_ _38\"> </span>Mejora <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>comparabilidad <span class=\"_ _b\"></span>del <span class=\"_ _7\"></span>estado <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>rend<span class=\"_ _1\"></span>imiento <span class=\"_ _c\"></span>financiero <span class=\"_ _c\"></span>introduciendo <span class=\"_ _b\"></span>tres <span class=\"_ _7\"></span>nuevas<span class=\"_ _1\"></span> categor\u00edas: <span class=\"_ _13\"> </span>operativo, <span class=\"_ _17\"> </span>inversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>financiaci\u00f3n;<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>nuevos <span class=\"_ _12\"> </span>subtotales: <span class=\"_ _12\"> </span>resultado operativo y resultad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> antes de finan<span class=\"_ _1\"></span>ciaci\u00f3n e impues<span class=\"_ _1\"></span>to de la ganancia.  \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Proporciona <span class=\"_ _7\"></span>una <span class=\"_ _7\"> </span>mayor <span class=\"_ _5\"> </span>transparencia <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>las <span class=\"_ _7\"> </span>mediciones <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>rendimiento <span class=\"_ _7\"></span>definid<span class=\"_ _1\"></span>as <span class=\"_ _7\"> </span>po<span class=\"_ _0\"></span>r <span class=\"_ _7\"> </span>la </span></span>Direcci\u00f3n introduciend<span class=\"_ _6\"></span>o nuevas gu\u00edas y desgloses \u25aa<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Facilita <span class=\"_ _7\"></span>gu\u00edas <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>prop<span class=\"_ _1\"></span>orcionar <span class=\"_ _7\"></span>una <span class=\"_ _c\"></span>agrupaci\u00f3n <span class=\"_ _c\"></span>m\u00e1s <span class=\"_ _7\"></span>\u00fatil <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>informaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>en <span class=\"_ _c\"></span>los <span class=\"_ _7\"></span>estados </span></span>financieros.  Esta norma ser\u00e1<span class=\"_ _1\"></span> de aplicaci\u00f3n a partir<span class=\"_ _1\"></span> del 1 de enero d<span class=\"_ _1\"></span>e 2027<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-381": {
   "value": "2.<span class=\"ls0\">4 <span class=\"_ _11\"> </span>Respo<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>dad <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _13\"> </span>in<span class=\"_ _1\"></span>forma<span class=\"_ _1\"></span>ci\u00f3n,<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>est<span class=\"_ _1\"></span>imacio<span class=\"_ _1\"></span>nes <span class=\"_ _13\"> </span>rea<span class=\"_ _1\"></span>lizad<span class=\"_ _6\"></span>as <span class=\"_ _13\"> </span>y <span class=\"_ _13\"> </span>juicio<span class=\"_ _1\"></span>s <span class=\"_ _13\"> </span>rele<span class=\"_ _1\"></span>vante<span class=\"_ _1\"></span>s <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>la </span>apl<span class=\"ls0\">icac<span class=\"_ _1\"></span>i\u00f3n d<span class=\"_ _1\"></span>e po<span class=\"_ _6\"></span>l\u00edticas <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>ables <span class=\"_ _1\"></span> </span>La <span class=\"_ _f\"> </span>informaci\u00f3n <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>enida <span class=\"_ _f\"> </span>en <span class=\"_ _f\"> </span>estas <span class=\"_ _f\"> </span>cuentas <span class=\"_ _f\"> </span>anuales <span class=\"_ _f\"> </span>consolidadas <span class=\"_ _18\"> </span>es <span class=\"_ _f\"> </span>responsabilidad<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>los Administradores de la Sociedad<span class=\"_ _1\"></span> dominante. En la preparaci\u00f3n de las cuentas anuales cons<span class=\"_ _1\"></span>olidadas se han <span class=\"_ _5\"> </span>utilizado <span class=\"_ _5\"> </span>determinadas <span class=\"_ _5\"> </span>estimaciones <span class=\"_ _5\"> </span>realizadas <span class=\"_ _7\"> </span>po<span class=\"_ _0\"></span>r <span class=\"_ _5\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"> </span>Direcci\u00f3n <span class=\"_ _5\"> </span>del <span class=\"_ _3\"> </span>Grup<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _5\"> </span>posteriormente<span class=\"_ _1\"></span> revalidadas <span class=\"_ _1\"></span>por l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s Adminis<span class=\"_ _6\"></span>tradores de la<span class=\"_ _6\"></span> Sociedad d<span class=\"_ _1\"></span>ominante para<span class=\"_ _6\"></span> cuantificar al<span class=\"_ _6\"></span>gunos de l<span class=\"_ _1\"></span>os acti<span class=\"_ _1\"></span>vos, pasivos, ingres<span class=\"_ _1\"></span>os, gastos y compromis<span class=\"_ _1\"></span>os que figuran registrados<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>n ellas. Este eje<span class=\"_ _1\"></span>rcicio de revisi\u00f3n d<span class=\"_ _6\"></span>e las estimaciones<span class=\"_ _1\"></span> se ejecuta de for<span class=\"_ _1\"></span>ma continua. El <span class=\"_ _7\"></span>\u00e9xito <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>depend<span class=\"_ _6\"></span>e <span class=\"_ _7\"> </span>en <span class=\"_ _7\"></span>gran <span class=\"_ _c\"></span>medida <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>su <span class=\"_ _7\"></span>capacidad <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>desarrollar<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>nuevo<span class=\"_ _0\"></span>s <span class=\"_ _c\"></span>proyectos <span class=\"_ _c\"></span>y construir <span class=\"_ _0\"></span>nuevas <span class=\"_ _0\"></span>plantas, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>bajo <span class=\"_ _0\"></span>estructura <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>eficientes. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>expansi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>capacidad de producci\u00f3n es<span class=\"_ _1\"></span>t\u00e1 sujeta a los riesgos<span class=\"_ _1\"></span> e incertidu<span class=\"_ _1\"></span>mbres propios de un pro<span class=\"_ _1\"></span>yecto empre<span class=\"_ _1\"></span>sarial. Para <span class=\"_ _e\"></span>gestionar <span class=\"_ _e\"></span>eficientemente <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>expansi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>sus <span class=\"_ _b\"></span>actividades, <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>mejora <span class=\"_ _e\"></span>continuamente <span class=\"_ _e\"></span>sus sistemas operativ<span class=\"_ _1\"></span>os y financieros<span class=\"_ _1\"></span>, sus procedimient<span class=\"_ _1\"></span>os y controles, para<span class=\"_ _1\"></span> as\u00ed incrementar<span class=\"_ _1\"></span> <span class=\"ls15\">su</span> eficiencia.<span class=\"_ _38\"> </span>  Las  estimaciones  e  hip\u00f3tesis  est\u00e1n  basadas  en  la  m<span class=\"_ _0\"></span>ejor  informaci\u00f3n  dispon<span class=\"_ _1\"></span>ible  en <span class=\"_ _8\"> </span>la  fecha  de<span class=\"_ _1\"></span> formulaci\u00f3n de las cuentas anu<span class=\"_ _1\"></span>ales <span class=\"_ _0\"></span>consolidad<span class=\"_ _1\"></span>as, sobre la estimaci\u00f3n de la incertid<span class=\"_ _1\"></span>umbre en la fecha de <span class=\"_ _e\"></span>cierre <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>ejercicio, <span class=\"_ _0\"></span>revis\u00e1ndose <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _e\"></span>peri\u00f3dica, <span class=\"_ _0\"></span>como <span class=\"_ _e\"></span>consecuencia<span class=\"_ _6\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>acontecimientos<span class=\"_ _6\"></span> futuros <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bliguen <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>modificar <span class=\"_ _0\"></span>las <span class=\"_ _e\"></span>estimacione<span class=\"_ _1\"></span>s <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>pr\u00f3xim<span class=\"_ _1\"></span>os <span class=\"_ _e\"></span>ejercicios. <span class=\"_ _0\"></span>En <span class=\"_ _e\"></span>ese <span class=\"_ _e\"></span>caso, <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>efectos <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los ca<span class=\"ls0\">mbios de las es<span class=\"_ _1\"></span>timacione<span class=\"_ _1\"></span>s se registrar\u00edan de for<span class=\"_ _1\"></span>ma prospectiva. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-355": {
   "value": "2.<span class=\"ls0\">5 <span class=\"_ _19\"> </span>Moneda<span class=\"_ _6\"></span> funcion<span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>y de p<span class=\"_ _6\"></span>resenta<span class=\"_ _1\"></span>ci\u00f3n </span>Las <span class=\"_ _6\"></span>sociedades <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo ti<span class=\"_ _6\"></span>enen co<span class=\"_ _1\"></span>mo <span class=\"_ _6\"></span>moneda <span class=\"_ _6\"></span>funcional <span class=\"_ _6\"></span>el eur<span class=\"_ _6\"></span>o, salv<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>las <span class=\"_ _1\"></span>filiales <span class=\"_ _10\"></span>Yarnel, S.A.<span class=\"_ _6\"></span> y <span class=\"_ _6\"></span>Natelu, S.A. <span class=\"_ _1\"></span>en Uru<span class=\"_ _1\"></span>guay cuya <span class=\"_ _6\"></span>moneda <span class=\"_ _1\"></span>funcional <span class=\"_ _1\"></span>es el <span class=\"_ _6\"></span>d\u00f3lar estadounid<span class=\"_ _1\"></span>ense. Las <span class=\"_ _6\"></span>cuentas a<span class=\"_ _1\"></span>nuales <span class=\"_ _1\"></span>consolidadas del <span class=\"_ _b\"></span>Grupo <span class=\"_ _e\"></span>se <span class=\"_ _c\"></span>presentan <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>miles <span class=\"_ _b\"></span>euros, <span class=\"_ _b\"></span>redondeadas <span class=\"_ _e\"></span>al <span class=\"_ _b\"></span>millar <span class=\"_ _b\"></span>cercano, <span class=\"_ _b\"></span>salvo <span class=\"_ _b\"></span>cuando <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>citadas notas <span class=\"_ _6\"></span>explicativas <span class=\"_ _10\"></span>se <span class=\"_ _6\"></span>indique <span class=\"_ _6\"></span>expresamente<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>contrario, <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>es la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>oneda <span class=\"_ _6\"></span>funcio<span class=\"_ _1\"></span>nal <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>presentaci\u00f3n de la Sociedad dominan<span class=\"_ _1\"></span>te.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-356": {
   "value": "2.<span class=\"ls0\">6 <span class=\"_ _11\"> </span>Tran<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>acc<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span>s y <span class=\"_ _1\"></span>saldo<span class=\"_ _1\"></span>s en<span class=\"_ _1\"></span> mone<span class=\"_ _1\"></span>da di<span class=\"_ _1\"></span>stinta<span class=\"_ _6\"></span> de euro<span class=\"_ _1\"></span> </span>Las <span class=\"_ _b\"></span>transacciones<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>en <span class=\"_ _e\"></span>moneda <span class=\"_ _b\"></span>extranjera <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>convierte<span class=\"_ _1\"></span>n <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>su <span class=\"_ _e\"></span>valoraci\u00f3n <span class=\"_ _b\"></span>inicial<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>al <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>cambio <span class=\"_ _e\"></span>de contado vigente en la f<span class=\"_ _6\"></span>echa de la transacci\u00f3n. Los activos <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> pasivos <span class=\"_ _6\"></span>monetarios denominad<span class=\"_ _1\"></span>os en m<span class=\"_ _1\"></span>oneda extranj<span class=\"_ _6\"></span>era se convierten <span class=\"_ _1\"></span>al tipo de <span class=\"_ _1\"></span>cambio<span class=\"_ _1\"></span> de <span class=\"_ _7\"></span>contado <span class=\"_ _c\"></span>vigente <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>fecha <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>estado <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>situaci\u00f3n <span class=\"_ _7\"></span>financiera <span class=\"_ _c\"></span>consolidado. <span class=\"_ _c\"></span>L<span class=\"_ _0\"></span>as <span class=\"_ _7\"></span>diferencia<span class=\"_ _1\"></span>s <span class=\"_ _7\"></span>de<span class=\"_ _38\"> </span>cambio,  tant<span class=\"_ _1\"></span>o  positivas <span class=\"_ _3\"> </span>como  negativas, <span class=\"_ _3\"> </span>que  se <span class=\"_ _3\"> </span>originen  en <span class=\"_ _3\"> </span>este  proceso,  a<span class=\"_ _6\"></span>s\u00ed  como  las  que  se<span class=\"_ _6\"></span> produzcan <span class=\"_ _e\"></span>al <span class=\"_ _b\"></span>liquidar <span class=\"_ _b\"></span>dichos <span class=\"_ _b\"></span>element<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>patrimoniale<span class=\"_ _1\"></span>s, <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>reconocen <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>cuenta <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>resultados <span class=\"_ _b\"></span>del ejercicio en el que<span class=\"_ _1\"></span> surjan. Las partidas no m<span class=\"_ _1\"></span>onetarias val<span class=\"_ _1\"></span>oradas a coste hist\u00f3ri<span class=\"_ _1\"></span>co se valoran aplican<span class=\"_ _1\"></span>do el tipo de ca<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bio de la fecha de la transac<span class=\"_ _1\"></span>ci\u00f3n. Las <span class=\"_ _0\"></span>partidas no monetarias registradas por <span class=\"_ _0\"></span>su valor <span class=\"_ _0\"></span>razonable se valoran <span class=\"_ _0\"></span>aplicando el tipo <span class=\"_ _0\"></span>de cambio de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>fecha <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>determinaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>mismas. <span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>as <span class=\"_ _e\"></span>diferencias <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>cambio <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>registran <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>cuenta <span class=\"_ _e\"></span>de resultados, salvo<span class=\"_ _1\"></span> que la variaci\u00f3n del<span class=\"_ _1\"></span> valor de la par<span class=\"_ _1\"></span>tida no m<span class=\"_ _1\"></span>onetaria se registr<span class=\"_ _6\"></span>e en patrimonio neto,<span class=\"_ _1\"></span> en cuyo caso las difer<span class=\"_ _6\"></span>encias de cambio corresp<span class=\"_ _1\"></span>ondientes tambi\u00e9n<span class=\"_ _6\"></span> se<span class=\"_ _0\"></span> registran <span class=\"_ _1\"></span>en patrimonio neto.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-357": {
   "value": "2.<span class=\"ls0\">7 <span class=\"_ _11\"> </span>Prin<span class=\"_ _6\"></span>cipios de<span class=\"_ _6\"></span> consol<span class=\"_ _1\"></span>idaci\u00f3<span class=\"_ _1\"></span>n </span>2.<span class=\"ls0\">7<span class=\"ls17\">.1</span> <span class=\"_ _1a\"> </span>Sociedades de<span class=\"_ _1\"></span>pendientes </span>Los estad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s fin<span class=\"_ _1\"></span>ancieros <span class=\"_ _1\"></span>consolidad<span class=\"_ _1\"></span>os co<span class=\"_ _1\"></span>mprenden l<span class=\"_ _6\"></span>os estados <span class=\"_ _6\"></span>financieros del <span class=\"_ _6\"></span>Grupo y <span class=\"_ _6\"></span>sus subsidiarias<span class=\"_ _6\"></span> al 31<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>202<span class=\"lsc\">5,</span> s<span class=\"lsd\">e <span class=\"_ _6\"></span><span class=\"ls0\">consideran <span class=\"_ _6\"></span>entidades d<span class=\"_ _6\"></span>ependientes, aqu<span class=\"_ _1\"></span>ellas <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las q<span class=\"_ _1\"></span>ue <span class=\"_ _1\"></span>la S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ciedad </span></span>dominante, dire<span class=\"_ _1\"></span>cta o indirectamente,<span class=\"_ _1\"></span> a trav\u00e9s de depe<span class=\"_ _6\"></span>ndientes ejerce control. Se <span class=\"_ _3\"> </span>alcanza<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>control <span class=\"_ _5\"> </span>cuando <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>Grupo <span class=\"_ _5\"> </span>est\u00e1 <span class=\"_ _3\"> </span>expues<span class=\"_ _1\"></span>to, <span class=\"_ _5\"> </span>o <span class=\"_ _3\"> </span>tiene <span class=\"_ _5\"> </span>derecho, <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>rendimient<span class=\"_ _1\"></span>os <span class=\"_ _3\"> </span>variables<span class=\"_ _6\"></span> derivados <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _b\"></span>implicaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>participada <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>tiene <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>capacidad <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>influir <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>esos <span class=\"_ _e\"></span>rendimientos <span class=\"_ _e\"></span>a trav\u00e9s de <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>poder <span class=\"_ _0\"></span>sobre la <span class=\"_ _0\"></span>participada.  Concretamente, el <span class=\"_ _e\"></span>Grupo controla una <span class=\"_ _0\"></span>participada si, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s\u00f3lo si, el Grupo tiene:<span class=\"_ _1\"></span>  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>Poder <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>participada <span class=\"_ _0\"></span>(es <span class=\"_ _e\"></span>decir, <span class=\"_ _e\"></span>derechos <span class=\"_ _e\"></span>existentes <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>otorgan <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>capacidad <span class=\"_ _0\"></span>actual de dirigir las ac<span class=\"_ _1\"></span>tividades relevant<span class=\"_ _1\"></span>es de la participada).  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>Exposici\u00f3n, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>derechos, <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>rendimientos <span class=\"_ _10\"></span>variables <span class=\"_ _6\"></span>deriva<span class=\"_ _1\"></span>dos <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>su <span class=\"_ _6\"></span>implicaci\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>participada.<span class=\"_ _1\"></span>  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>La <span class=\"_ _0\"></span>capacidad de utilizar su poder <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>la participada para <span class=\"_ _0\"></span>influir en sus <span class=\"_ _0\"></span>rendimientos. <span class=\"_ _0\"></span>Por lo general, se presu<span class=\"_ _1\"></span>me que la mayor\u00eda d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los derechos<span class=\"_ _1\"></span> de voto da lugar al <span class=\"_ _1\"></span>control.<span class=\"_ _38\"> </span>Las <span class=\"_ _0\"></span>sociedades dependientes se <span class=\"_ _0\"></span>consolidan por <span class=\"_ _0\"></span>el m<span class=\"_ _0\"></span>\u00e9todo de <span class=\"_ _0\"></span>integraci\u00f3n global, integr\u00e1ndose <span class=\"_ _0\"></span>en l<span class=\"_ _e\"></span>a<span class=\"ls18\">s </span>cuentas anuales consolidad<span class=\"_ _6\"></span>as<span class=\"_ _0\"></span> la totalidad de sus activos, pasivos, ingres<span class=\"_ _1\"></span>os, gastos y flujos de efectivo<span class=\"_ _1\"></span> una <span class=\"_ _e\"></span>vez <span class=\"_ _e\"></span>realizados <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>ajustes <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>homogeneiz<span class=\"_ _1\"></span>aci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>principios <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>criterios <span class=\"_ _e\"></span>contables, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>conversi\u00f3n<span class=\"_ _1\"></span> monetaria <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _7\"></span>estados <span class=\"_ _7\"></span>financireos <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>moneda <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>presentaci\u00f3n <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>Grupo <span class=\"_ _c\"></span>y <span class=\"_ _5\"> </span>las <span class=\"_ _7\"></span>eliminaciones correspondientes de la<span class=\"_ _6\"></span>s operaciones intragrupo. Los <span class=\"_ _7\"></span>ingre<span class=\"_ _1\"></span>sos, <span class=\"_ _c\"></span>gastos <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>flujos <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>efectivo <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>entidades <span class=\"_ _c\"></span>dependientes <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>incluyen <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>las <span class=\"_ _7\"> </span>cuentas anuales <span class=\"_ _5\"> </span>consolidadas <span class=\"_ _5\"> </span>desde <span class=\"_ _5\"> </span>la <span class=\"_ _3\"> </span>fecha <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>adquisici\u00f3n, <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>es <span class=\"_ _3\"> </span>aquella, <span class=\"_ _7\"> </span>en <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>Grupo <span class=\"_ _5\"> </span>obtiene<span class=\"_ _1\"></span> efectivamente el <span class=\"_ _e\"></span>control de <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>mismas. <span class=\"_ _0\"></span>Las <span class=\"_ _0\"></span>entidades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>excluyen de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>consolidaci\u00f3n<span class=\"_ _1\"></span> desde la fecha en<span class=\"_ _1\"></span> la que se ha perd<span class=\"_ _1\"></span>ido control.<span class=\"_ _38\"> </span>Las <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales <span class=\"_ _0\"></span>o <span class=\"_ _e\"></span>estados <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>entidades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span>utilizados en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>proc<span class=\"_ _1\"></span>eso <span class=\"_ _0\"></span>de consolidaci\u00f3n <span class=\"_ _5\"> </span>est\u00e1n <span class=\"_ _3\"> </span>referidos <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>misma  fe<span class=\"_ _1\"></span>cha <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>presentaci\u00f3n <span class=\"_ _3\"> </span>y <span class=\"_ _3\"> </span>mismo <span class=\"_ _5\"> </span>periodo  qu<span class=\"_ _6\"></span>e  los <span class=\"_ _5\"> </span>de  la<span class=\"_ _6\"></span> Sociedad <span class=\"_ _c\"></span>dominante. <span class=\"_ _c\"></span>Las <span class=\"_ _c\"></span>pol\u00edticas <span class=\"_ _c\"></span>contables <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>entidades <span class=\"_ _c\"></span>dependientes <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>han <span class=\"_ _c\"></span>adaptado <span class=\"_ _7\"></span>a <span class=\"_ _c\"></span>las pol\u00edticas <span class=\"_ _7\"> </span>contables <span class=\"_ _5\"> </span>del <span class=\"_ _7\"> </span>Grupo, <span class=\"_ _5\"> </span>para <span class=\"_ _7\"> </span>transacciones <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>otros <span class=\"_ _5\"> </span>eventos <span class=\"_ _7\"> </span>que, <span class=\"_ _5\"> </span>siendo <span class=\"_ _7\"> </span>similares <span class=\"_ _7\"> </span>se <span class=\"_ _5\"> </span>hayan producido en circunstancia<span class=\"_ _6\"></span>s parecidas. La conversi\u00f3n de los estados financieros de las sociedades extranjera<span class=\"_ _1\"></span>s con moneda funcional distinta<span class=\"_ _38\"> </span>del <span class=\"_ _7\"> </span>euro <span class=\"_ _7\"> </span>aplicable <span class=\"_ _7\"> </span>para <span class=\"_ _5\"> </span>los <span class=\"_ _7\"></span>negocios <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>extranjero <span class=\"_ _7\"></span>cuya <span class=\"_ _7\"></span>moneda <span class=\"_ _7\"></span>funcional <span class=\"_ _7\"></span>no <span class=\"_ _7\"></span>es <span class=\"_ _5\"> </span>la <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>un <span class=\"_ _7\"> </span>pa\u00eds hiperinflacionario<span class=\"_ _1\"></span> se realiza del sigu<span class=\"_ _1\"></span>iente modo:  - <span class=\"_ _1c\"> </span><span class=\"ff4\">Los activos y<span class=\"_ _0\"></span> pasivos <span class=\"_ _0\"></span>utilizand<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>el tipo <span class=\"_ _0\"></span>de cambio <span class=\"_ _0\"></span>vigente en <span class=\"_ _0\"></span>la fecha <span class=\"_ _0\"></span>de cierre <span class=\"_ _0\"></span>de los <span class=\"_ _0\"></span>estados </span>financieros consolidad<span class=\"_ _1\"></span>os.  - <span class=\"_ _1c\"> </span><span class=\"ff4\">Las partida<span class=\"_ _1\"></span>s de <span class=\"_ _1\"></span>las Cu<span class=\"_ _1\"></span>entas <span class=\"_ _1\"></span>de Resultados<span class=\"_ _6\"></span> utilizando el<span class=\"_ _1\"></span> tip<span class=\"_ _1\"></span>o de ca<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bio <span class=\"_ _1\"></span>medio d<span class=\"_ _1\"></span>el ejercici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> que </span>se aproxima al tip<span class=\"_ _1\"></span>o de cambio de c<span class=\"_ _1\"></span>ada transacci\u00f3n.  - <span class=\"_ _1c\"> </span><span class=\"ff4\">El patrimonio net<span class=\"_ _1\"></span>o se mantiene a tipo de<span class=\"_ _1\"></span> cambio hist\u00f3rico.<span class=\"_ _38\"> </span></span>- <span class=\"_ _1c\"> </span><span class=\"ff4\">Las <span class=\"_ _c\"></span>diferencias <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>cambio <span class=\"_ _b\"></span>que <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>produc<span class=\"_ _1\"></span>en <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>conversi\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>estados <span class=\"_ _c\"></span>financieros <span class=\"_ _c\"></span>se </span>registran en el ep\u00edgraf<span class=\"_ _6\"></span>e \u201cDiferencias de Conversi\u00f3n\u201d en<span class=\"_ _1\"></span> otro resultado global.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-382": {
   "value": "2.<span class=\"ls0\">7 <span class=\"_ _11\"> </span>Prin<span class=\"_ _6\"></span>cipios de<span class=\"_ _6\"></span> consol<span class=\"_ _1\"></span>idaci\u00f3<span class=\"_ _1\"></span>n </span>2.<span class=\"ls0\">7<span class=\"ls17\">.1</span> <span class=\"_ _1a\"> </span>Sociedades de<span class=\"_ _1\"></span>pendientes </span>Los estad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s fin<span class=\"_ _1\"></span>ancieros <span class=\"_ _1\"></span>consolidad<span class=\"_ _1\"></span>os co<span class=\"_ _1\"></span>mprenden l<span class=\"_ _6\"></span>os estados <span class=\"_ _6\"></span>financieros del <span class=\"_ _6\"></span>Grupo y <span class=\"_ _6\"></span>sus subsidiarias<span class=\"_ _6\"></span> al 31<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>202<span class=\"lsc\">5,</span> s<span class=\"lsd\">e <span class=\"_ _6\"></span><span class=\"ls0\">consideran <span class=\"_ _6\"></span>entidades d<span class=\"_ _6\"></span>ependientes, aqu<span class=\"_ _1\"></span>ellas <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las q<span class=\"_ _1\"></span>ue <span class=\"_ _1\"></span>la S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ciedad </span></span>dominante, dire<span class=\"_ _1\"></span>cta o indirectamente,<span class=\"_ _1\"></span> a trav\u00e9s de depe<span class=\"_ _6\"></span>ndientes ejerce control. Se <span class=\"_ _3\"> </span>alcanza<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>control <span class=\"_ _5\"> </span>cuando <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>Grupo <span class=\"_ _5\"> </span>est\u00e1 <span class=\"_ _3\"> </span>expues<span class=\"_ _1\"></span>to, <span class=\"_ _5\"> </span>o <span class=\"_ _3\"> </span>tiene <span class=\"_ _5\"> </span>derecho, <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>rendimient<span class=\"_ _1\"></span>os <span class=\"_ _3\"> </span>variables<span class=\"_ _6\"></span> derivados <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _b\"></span>implicaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>participada <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>tiene <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>capacidad <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>influir <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>esos <span class=\"_ _e\"></span>rendimientos <span class=\"_ _e\"></span>a trav\u00e9s de <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>poder <span class=\"_ _0\"></span>sobre la <span class=\"_ _0\"></span>participada.  Concretamente, el <span class=\"_ _e\"></span>Grupo controla una <span class=\"_ _0\"></span>participada si, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s\u00f3lo si, el Grupo tiene:<span class=\"_ _1\"></span>  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>Poder <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>participada <span class=\"_ _0\"></span>(es <span class=\"_ _e\"></span>decir, <span class=\"_ _e\"></span>derechos <span class=\"_ _e\"></span>existentes <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>otorgan <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>capacidad <span class=\"_ _0\"></span>actual de dirigir las ac<span class=\"_ _1\"></span>tividades relevant<span class=\"_ _1\"></span>es de la participada).  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>Exposici\u00f3n, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>derechos, <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>rendimientos <span class=\"_ _10\"></span>variables <span class=\"_ _6\"></span>deriva<span class=\"_ _1\"></span>dos <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>su <span class=\"_ _6\"></span>implicaci\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>participada.<span class=\"_ _1\"></span>  -<span class=\"ff2\"> <span class=\"_ _1b\"> </span></span>La <span class=\"_ _0\"></span>capacidad de utilizar su poder <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>la participada para <span class=\"_ _0\"></span>influir en sus <span class=\"_ _0\"></span>rendimientos. <span class=\"_ _0\"></span>Por lo general, se presu<span class=\"_ _1\"></span>me que la mayor\u00eda d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los derechos<span class=\"_ _1\"></span> de voto da lugar al <span class=\"_ _1\"></span>control.<span class=\"_ _38\"> </span>Las <span class=\"_ _0\"></span>sociedades dependientes se <span class=\"_ _0\"></span>consolidan por <span class=\"_ _0\"></span>el m<span class=\"_ _0\"></span>\u00e9todo de <span class=\"_ _0\"></span>integraci\u00f3n global, integr\u00e1ndose <span class=\"_ _0\"></span>en l<span class=\"_ _e\"></span>a<span class=\"ls18\">s </span>cuentas anuales consolidad<span class=\"_ _6\"></span>as<span class=\"_ _0\"></span> la totalidad de sus activos, pasivos, ingres<span class=\"_ _1\"></span>os, gastos y flujos de efectivo<span class=\"_ _1\"></span> una <span class=\"_ _e\"></span>vez <span class=\"_ _e\"></span>realizados <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>ajustes <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>homogeneiz<span class=\"_ _1\"></span>aci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>principios <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>criterios <span class=\"_ _e\"></span>contables, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>conversi\u00f3n<span class=\"_ _1\"></span> monetaria <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _7\"></span>estados <span class=\"_ _7\"></span>financireos <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>moneda <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>presentaci\u00f3n <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>Grupo <span class=\"_ _c\"></span>y <span class=\"_ _5\"> </span>las <span class=\"_ _7\"></span>eliminaciones correspondientes de la<span class=\"_ _6\"></span>s operaciones intragrupo. Los <span class=\"_ _7\"></span>ingre<span class=\"_ _1\"></span>sos, <span class=\"_ _c\"></span>gastos <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>flujos <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>efectivo <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>entidades <span class=\"_ _c\"></span>dependientes <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>incluyen <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>las <span class=\"_ _7\"> </span>cuentas anuales <span class=\"_ _5\"> </span>consolidadas <span class=\"_ _5\"> </span>desde <span class=\"_ _5\"> </span>la <span class=\"_ _3\"> </span>fecha <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>adquisici\u00f3n, <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>es <span class=\"_ _3\"> </span>aquella, <span class=\"_ _7\"> </span>en <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>Grupo <span class=\"_ _5\"> </span>obtiene<span class=\"_ _1\"></span> efectivamente el <span class=\"_ _e\"></span>control de <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>mismas. <span class=\"_ _0\"></span>Las <span class=\"_ _0\"></span>entidades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>excluyen de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>consolidaci\u00f3n<span class=\"_ _1\"></span> desde la fecha en<span class=\"_ _1\"></span> la que se ha perd<span class=\"_ _1\"></span>ido control.<span class=\"_ _38\"> </span>Las <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales <span class=\"_ _0\"></span>o <span class=\"_ _e\"></span>estados <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>entidades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span>utilizados en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>proc<span class=\"_ _1\"></span>eso <span class=\"_ _0\"></span>de consolidaci\u00f3n <span class=\"_ _5\"> </span>est\u00e1n <span class=\"_ _3\"> </span>referidos <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>misma  fe<span class=\"_ _1\"></span>cha <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>presentaci\u00f3n <span class=\"_ _3\"> </span>y <span class=\"_ _3\"> </span>mismo <span class=\"_ _5\"> </span>periodo  qu<span class=\"_ _6\"></span>e  los <span class=\"_ _5\"> </span>de  la<span class=\"_ _6\"></span> Sociedad <span class=\"_ _c\"></span>dominante. <span class=\"_ _c\"></span>Las <span class=\"_ _c\"></span>pol\u00edticas <span class=\"_ _c\"></span>contables <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>entidades <span class=\"_ _c\"></span>dependientes <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>han <span class=\"_ _c\"></span>adaptado <span class=\"_ _7\"></span>a <span class=\"_ _c\"></span>las pol\u00edticas <span class=\"_ _7\"> </span>contables <span class=\"_ _5\"> </span>del <span class=\"_ _7\"> </span>Grupo, <span class=\"_ _5\"> </span>para <span class=\"_ _7\"> </span>transacciones <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>otros <span class=\"_ _5\"> </span>eventos <span class=\"_ _7\"> </span>que, <span class=\"_ _5\"> </span>siendo <span class=\"_ _7\"> </span>similares <span class=\"_ _7\"> </span>se <span class=\"_ _5\"> </span>hayan producido en circunstancia<span class=\"_ _6\"></span>s parecidas. La conversi\u00f3n de los estados financieros de las sociedades extranjera<span class=\"_ _1\"></span>s con moneda funcional distinta<span class=\"_ _38\"> </span>del <span class=\"_ _7\"> </span>euro <span class=\"_ _7\"> </span>aplicable <span class=\"_ _7\"> </span>para <span class=\"_ _5\"> </span>los <span class=\"_ _7\"></span>negocios <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>extranjero <span class=\"_ _7\"></span>cuya <span class=\"_ _7\"></span>moneda <span class=\"_ _7\"></span>funcional <span class=\"_ _7\"></span>no <span class=\"_ _7\"></span>es <span class=\"_ _5\"> </span>la <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>un <span class=\"_ _7\"> </span>pa\u00eds hiperinflacionario<span class=\"_ _1\"></span> se realiza del sigu<span class=\"_ _1\"></span>iente modo:  - <span class=\"_ _1c\"> </span><span class=\"ff4\">Los activos y<span class=\"_ _0\"></span> pasivos <span class=\"_ _0\"></span>utilizand<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>el tipo <span class=\"_ _0\"></span>de cambio <span class=\"_ _0\"></span>vigente en <span class=\"_ _0\"></span>la fecha <span class=\"_ _0\"></span>de cierre <span class=\"_ _0\"></span>de los <span class=\"_ _0\"></span>estados </span>financieros consolidad<span class=\"_ _1\"></span>os.  - <span class=\"_ _1c\"> </span><span class=\"ff4\">Las partida<span class=\"_ _1\"></span>s de <span class=\"_ _1\"></span>las Cu<span class=\"_ _1\"></span>entas <span class=\"_ _1\"></span>de Resultados<span class=\"_ _6\"></span> utilizando el<span class=\"_ _1\"></span> tip<span class=\"_ _1\"></span>o de ca<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bio <span class=\"_ _1\"></span>medio d<span class=\"_ _1\"></span>el ejercici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> que </span>se aproxima al tip<span class=\"_ _1\"></span>o de cambio de c<span class=\"_ _1\"></span>ada transacci\u00f3n.  - <span class=\"_ _1c\"> </span><span class=\"ff4\">El patrimonio net<span class=\"_ _1\"></span>o se mantiene a tipo de<span class=\"_ _1\"></span> cambio hist\u00f3rico.<span class=\"_ _38\"> </span></span>.7.3 <span class=\"_ _1a\"> </span>Eliminacione<span class=\"_ _1\"></span>s intragrupo Todos <span class=\"_ _1d\"> </span>los <span class=\"_ _1d\"> </span>saldos <span class=\"_ _16\"> </span>deudores <span class=\"_ _16\"> </span>y <span class=\"_ _1d\"> </span>acreedores, <span class=\"_ _16\"> </span>y <span class=\"_ _1d\"> </span>transacciones <span class=\"_ _1d\"> </span>efectuadas <span class=\"_ _16\"> </span>entre <span class=\"_ _1d\"> </span>las <span class=\"_ _1d\"> </span>sociedad<span class=\"_ _1\"></span>es dependientes, y <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>ellas <span class=\"_ _0\"></span>mismas, han <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>eliminados <span class=\"_ _0\"></span>en el <span class=\"_ _e\"></span>proceso de <span class=\"_ _0\"></span>consolidaci\u00f3n, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerd<span class=\"_ _1\"></span>o con el marco nor<span class=\"_ _1\"></span>mativo de informa<span class=\"_ _1\"></span>ci\u00f3n financiera apli<span class=\"_ _6\"></span>cable al Grupo, Nota 2.7.4. <span class=\"ff3 fc1\"> </span>.7.4 <span class=\"_ _1a\"> </span>Homogeneizac<span class=\"_ _1\"></span>i\u00f3n valorativa La <span class=\"_ _b\"></span>consolidaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>las <span class=\"_ _e\"></span>entidades <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>conforman <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>per\u00edmetr<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>consolidaci\u00f3n <span class=\"_ _e\"></span>ha <span class=\"_ _b\"></span>sido <span class=\"_ _b\"></span>realizada <span class=\"_ _e\"></span>a partir <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>sus <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>anuales <span class=\"_ _13\"> </span>individuales <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>son <span class=\"_ _13\"> </span>preparadas <span class=\"_ _13\"> </span>conforme <span class=\"_ _13\"> </span>al <span class=\"_ _13\"> </span>Plan <span class=\"_ _13\"> </span>General <span class=\"_ _13\"> </span>de<span class=\"_ _6\"></span> Contabilidad <span class=\"_ _10\"></span>Espa\u00f1ol <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>aquellas <span class=\"_ _10\"></span>sociedades <span class=\"_ _6\"></span>resident<span class=\"_ _1\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Espa\u00f1a <span class=\"_ _10\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>conforme <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>propia <span class=\"_ _10\"></span>norm<span class=\"_ _0\"></span>ativa local <span class=\"_ _7\"></span>para <span class=\"_ _c\"></span>las <span class=\"_ _7\"> </span>sociedades <span class=\"_ _c\"></span>extranjeras. <span class=\"_ _7\"></span>Todos <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>ajustes <span class=\"_ _7\"></span>significati<span class=\"_ _1\"></span>vos <span class=\"_ _7\"></span>necesarios <span class=\"_ _c\"></span>para <span class=\"_ _7\"></span>adaptarlas <span class=\"_ _c\"></span>a Normas Internacionales de Informaci\u00f3n Financiera y/o homogeneizarlas con criterios contables de la Sociedad Dominant<span class=\"_ _1\"></span>e han sido considerado<span class=\"_ _1\"></span>s en el proc<span class=\"_ _1\"></span>eso de consolidaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-415": {
   "value": "2.7.2 <span class=\"_ _1a\"> </span>Participacion<span class=\"_ _1\"></span>es por puesta<span class=\"_ _1\"></span> en equivalencia:<span class=\"_ _1\"></span> Entidades aso<span class=\"_ _1\"></span>ciadas En <span class=\"_ _13\"> </span>las <span class=\"_ _12\"> </span>cuentas <span class=\"_ _13\"> </span>anuales <span class=\"_ _12\"> </span>consolidadas, <span class=\"_ _13\"> </span>las <span class=\"_ _12\"> </span>entidade<span class=\"_ _1\"></span>s <span class=\"_ _12\"> </span>asociadas <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>registran <span class=\"_ _12\"> </span>por <span class=\"_ _13\"> </span>el <span class=\"_ _12\"> </span>m\u00e9todo <span class=\"_ _13\"> </span>de participaci\u00f3n, <span class=\"_ _10\"></span>es <span class=\"_ _6\"></span>decir, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>fracci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>neto <span class=\"_ _6\"></span>patrimonial <span class=\"_ _10\"></span>que <span class=\"_ _6\"></span>representa <span class=\"_ _10\"></span>la <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _6\"></span>Grupo en <span class=\"_ _c\"></span>su <span class=\"_ _c\"></span>capital, <span class=\"_ _c\"></span>una <span class=\"_ _c\"></span>vez <span class=\"_ _c\"></span>considerados <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>dividendos <span class=\"_ _c\"></span>percibidos <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>mismas <span class=\"_ _c\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>otras <span class=\"_ _c\"></span>eliminacione<span class=\"_ _1\"></span>s patrimoniales.<span class=\"_ _1\"></span> El <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>estas <span class=\"_ _0\"></span>participaciones <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>estado <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>situaci\u00f3n <span class=\"_ _0\"></span>financiera <span class=\"_ _e\"></span>consolidad<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>incluye <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>manera impl\u00edcita, en su caso,<span class=\"_ _1\"></span> el fondo de c<span class=\"_ _1\"></span>omercio puest<span class=\"_ _1\"></span>o de manifiesto en la adqu<span class=\"_ _1\"></span>isici\u00f3n de est<span class=\"_ _1\"></span>as. Cuando <span class=\"_ _3\"> </span>la <span class=\"_ _3\"> </span>inversi\u00f3n <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>Grupo <span class=\"_ _3\"> </span>en <span class=\"_ _3\"> </span>empresas <span class=\"_ _3\"> </span>asociad<span class=\"_ _1\"></span>as <span class=\"_ _3\"> </span>arroje <span class=\"_ _3\"> </span>p\u00e9rdidas, <span class=\"_ _5\"> </span>y  la <span class=\"_ _3\"> </span>inversi<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _3\"> </span>neta <span class=\"_ _3\"> </span>haya<span class=\"_ _1\"></span> quedado  reducida  a <span class=\"_ _8\"> </span>c<span class=\"_ _1\"></span>ero,  solo  se <span class=\"_ _8\"> </span>r<span class=\"_ _1\"></span>econocer\u00e1n  las  obligaciones  impl\u00edcitas  adicionales  que  haya asumido el Grupo, en caso de ex<span class=\"_ _0\"></span>istir, en las filiales que se <span class=\"_ _0\"></span>integran por el m\u00e9todo de <span class=\"_ _0\"></span>la participaci\u00f3n,<span class=\"_ _1\"></span> en el ep\u00edgrafe <span class=\"_ _1\"></span>Provisiones no corrient<span class=\"_ _1\"></span>es del estado de<span class=\"_ _1\"></span> situaci\u00f3n financiera. Bajo <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>participaci\u00f3n, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n en <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>asociada <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>negocio <span class=\"_ _0\"></span>conjunto <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconoce inicialmente <span class=\"_ _b\"></span>a <span class=\"_ _7\"></span>su <span class=\"_ _c\"></span>coste <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>adquisici\u00f3n. <span class=\"_ _b\"></span>A <span class=\"_ _7\"></span>partir <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>fecha <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>adquisici\u00f3n, <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>valor <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>libros <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>la<span class=\"_ _1\"></span> inversi\u00f3n se <span class=\"_ _6\"></span>ajusta para rec<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nocer l<span class=\"_ _1\"></span>os cambi<span class=\"_ _1\"></span>os en la <span class=\"_ _6\"></span>participaci\u00f3n del Gru<span class=\"_ _1\"></span>po en <span class=\"_ _1\"></span>los ac<span class=\"_ _1\"></span>tivos netos <span class=\"_ _1\"></span>de la<span class=\"_ _6\"></span> asociada o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>negocio <span class=\"_ _0\"></span>conjunto. <span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>plusval\u00eda <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>relaciona con <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>asociada <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>negocio <span class=\"_ _0\"></span>conjunto se incluye en el <span class=\"_ _1\"></span>valor en libros de<span class=\"_ _1\"></span> la inversi\u00f3n. Los estados finan<span class=\"_ _1\"></span>cieros de<span class=\"_ _1\"></span> la asociada<span class=\"_ _1\"></span> o del neg<span class=\"_ _1\"></span>ocio conjun<span class=\"_ _1\"></span>to se preparan para<span class=\"_ _6\"></span> el mismo periodo qu<span class=\"_ _6\"></span>e los del Grup<span class=\"_ _1\"></span>o y se <span class=\"_ _6\"></span>realizan los ajust<span class=\"_ _6\"></span>es necesarios para <span class=\"_ _6\"></span>homogeneizar cualquier d<span class=\"_ _1\"></span>iferencia q<span class=\"_ _1\"></span>ue pudiera<span class=\"_ _1\"></span> existir respecto de las<span class=\"_ _6\"></span> po<span class=\"_ _0\"></span>l\u00edticas contabl<span class=\"_ _1\"></span>es del Grupo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "3.<span class=\"ls0\"> <span class=\"_ _20\"> </span>Dis<span class=\"_ _0\"></span>tribu<span class=\"_ _0\"></span>ci\u00f3n<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>el r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>tado<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> Soci<span class=\"_ _0\"></span>edad<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>do<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>nte </span>La <span class=\"_ _6\"></span>propuesta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>distribuci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>resultado d<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>Sociedad<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>dom<span class=\"_ _0\"></span>inante <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span><span class=\"lsc\">20<span class=\"ls0\">25, <span class=\"_ _6\"></span>formulada <span class=\"_ _6\"></span>por </span></span>los Administrador<span class=\"_ _1\"></span>es y que se espera sea apr<span class=\"_ _1\"></span>obada por la Junta Gen<span class=\"_ _6\"></span>eral de Accionistas: (Miles de euros) 202<span class=\"ls0\">5 </span>Base de reparto Saldo de la <span class=\"_ _1\"></span>cuenta de result<span class=\"_ _1\"></span>ados de la Sociedad domina<span class=\"_ _1\"></span>nte (Beneficio<span class=\"_ _1\"></span>) 1<span class=\"ls3\">80</span>.<span class=\"ls3\">125</span> Aplicaci\u00f3n de result<span class=\"_ _1\"></span>ados A <span class=\"ls0\">reserv<span class=\"_ _1\"></span>as </span>1<span class=\"ls3\">80</span>.<span class=\"ls3\">125</span> 3.1 <span class=\"_ _19\"> </span>Limitac<span class=\"_ _1\"></span>iones para la d<span class=\"_ _1\"></span>istribuci\u00f3n de div<span class=\"_ _1\"></span>idendos La Sociedad <span class=\"_ _1\"></span>dominan<span class=\"_ _1\"></span>te est\u00e1 <span class=\"_ _1\"></span>obligada a<span class=\"_ _1\"></span> destinar<span class=\"_ _1\"></span> el <span class=\"_ _1\"></span>10% de<span class=\"_ _6\"></span> los beneficios<span class=\"_ _1\"></span> del ejer<span class=\"_ _6\"></span>cicio<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>la cons<span class=\"_ _1\"></span>tituci\u00f3n de <span class=\"_ _0\"></span>la reserva legal, <span class=\"_ _0\"></span>hasta que <span class=\"_ _0\"></span>\u00e9sta <span class=\"_ _0\"></span>alcance,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>al menos, el <span class=\"_ _0\"></span>20% <span class=\"_ _0\"></span>del capital social. <span class=\"_ _0\"></span>Esta reserva, mientras no supere el l\u00edmit<span class=\"_ _1\"></span>e del 20% del capi<span class=\"_ _1\"></span>tal social, no es dis<span class=\"_ _1\"></span>tribuible a los acci<span class=\"_ _1\"></span>onistas.  Una <span class=\"_ _6\"></span>vez <span class=\"_ _6\"></span>cubiertas <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>atenci<span class=\"_ _1\"></span>ones <span class=\"_ _6\"></span>previstas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ley <span class=\"_ _10\"></span>o <span class=\"_ _1\"></span>los <span class=\"_ _10\"></span>estatutos, <span class=\"_ _6\"></span>s\u00f3lo <span class=\"_ _1\"></span>pueden <span class=\"_ _10\"></span>repartirse <span class=\"_ _6\"></span>dividendos<span class=\"_ _38\"> </span>con cargo<span class=\"_ _1\"></span> al <span class=\"_ _1\"></span>beneficio<span class=\"_ _1\"></span> del <span class=\"_ _1\"></span>ejercicio, <span class=\"_ _6\"></span>o a res<span class=\"_ _1\"></span>ervas de<span class=\"_ _1\"></span> libr<span class=\"_ _1\"></span>e disp<span class=\"_ _1\"></span>osici\u00f3n, si<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>valo<span class=\"_ _0\"></span>r d<span class=\"_ _1\"></span>el patri<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>onio <span class=\"_ _1\"></span>neto n<span class=\"_ _6\"></span>o es o, <span class=\"_ _6\"></span>a consecuencia <span class=\"_ _6\"></span>del rep<span class=\"_ _1\"></span>arto, no <span class=\"_ _1\"></span>resulta <span class=\"_ _6\"></span>ser inferior <span class=\"_ _6\"></span>al capital <span class=\"_ _6\"></span>social. A <span class=\"_ _1\"></span>estos ef<span class=\"_ _1\"></span>ectos, los <span class=\"_ _6\"></span>beneficios imputados <span class=\"_ _6\"></span>directamente <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>patrimonio n<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>to <span class=\"_ _6\"></span>no pu<span class=\"_ _1\"></span>eden <span class=\"_ _6\"></span>ser <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bjeto <span class=\"_ _6\"></span>de d<span class=\"_ _1\"></span>istribuci\u00f3n, <span class=\"_ _10\"></span>directa ni <span class=\"_ _6\"></span>indirecta<span class=\"_ _38\"> </span>Si <span class=\"_ _7\"></span>existieran <span class=\"_ _c\"></span>p\u00e9rdidas <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>ejercicios <span class=\"_ _c\"></span>anteriores <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>hicieran <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>valor <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>patrimonio <span class=\"_ _c\"></span>neto <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>la Sociedad <span class=\"_ _13\"> </span>domin<span class=\"_ _1\"></span>ante <span class=\"_ _13\"> </span>fuera <span class=\"_ _8\"> </span>inferior <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>la <span class=\"_ _8\"> </span>cifra <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>capital <span class=\"_ _8\"> </span>social, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>benefici<span class=\"_ _1\"></span>o <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>destinar\u00e1<span class=\"_ _6\"></span> <span class=\"_ _13\"> </span>a <span class=\"_ _12\"> </span>la compensaci\u00f3n de dicha<span class=\"_ _1\"></span>s p\u00e9rdidas. A <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre de <span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>reserva <span class=\"_ _0\"></span>legal de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad <span class=\"_ _0\"></span>dominante asciende <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>5.311 miles de euros, por lo qu<span class=\"_ _1\"></span>e se encuentra total<span class=\"_ _1\"></span>mente constitu<span class=\"_ _1\"></span>ida.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-358": {
   "value": "Una <span class=\"_ _6\"></span>vez <span class=\"_ _6\"></span>cubiertas <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>atenci<span class=\"_ _1\"></span>ones <span class=\"_ _6\"></span>previstas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ley <span class=\"_ _10\"></span>o <span class=\"_ _1\"></span>los <span class=\"_ _10\"></span>estatutos, <span class=\"_ _6\"></span>s\u00f3lo <span class=\"_ _1\"></span>pueden <span class=\"_ _10\"></span>repartirse <span class=\"_ _6\"></span>dividendos<span class=\"_ _38\"> </span>con cargo<span class=\"_ _1\"></span> al <span class=\"_ _1\"></span>beneficio<span class=\"_ _1\"></span> del <span class=\"_ _1\"></span>ejercicio, <span class=\"_ _6\"></span>o a res<span class=\"_ _1\"></span>ervas de<span class=\"_ _1\"></span> libr<span class=\"_ _1\"></span>e disp<span class=\"_ _1\"></span>osici\u00f3n, si<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>valo<span class=\"_ _0\"></span>r d<span class=\"_ _1\"></span>el patri<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>onio <span class=\"_ _1\"></span>neto n<span class=\"_ _6\"></span>o es o, <span class=\"_ _6\"></span>a consecuencia <span class=\"_ _6\"></span>del rep<span class=\"_ _1\"></span>arto, no <span class=\"_ _1\"></span>resulta <span class=\"_ _6\"></span>ser inferior <span class=\"_ _6\"></span>al capital <span class=\"_ _6\"></span>social. A <span class=\"_ _1\"></span>estos ef<span class=\"_ _1\"></span>ectos, los <span class=\"_ _6\"></span>beneficios imputados <span class=\"_ _6\"></span>directamente <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>patrimonio n<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>to <span class=\"_ _6\"></span>no pu<span class=\"_ _1\"></span>eden <span class=\"_ _6\"></span>ser <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bjeto <span class=\"_ _6\"></span>de d<span class=\"_ _1\"></span>istribuci\u00f3n, <span class=\"_ _10\"></span>directa ni <span class=\"_ _6\"></span>indirecta<span class=\"_ _38\"> </span>Si <span class=\"_ _7\"></span>existieran <span class=\"_ _c\"></span>p\u00e9rdidas <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>ejercicios <span class=\"_ _c\"></span>anteriores <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>hicieran <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>valor <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>patrimonio <span class=\"_ _c\"></span>neto <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>la Sociedad <span class=\"_ _13\"> </span>domin<span class=\"_ _1\"></span>ante <span class=\"_ _13\"> </span>fuera <span class=\"_ _8\"> </span>inferior <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>la <span class=\"_ _8\"> </span>cifra <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>capital <span class=\"_ _8\"> </span>social, <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>benefici<span class=\"_ _1\"></span>o <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>destinar\u00e1<span class=\"_ _6\"></span> <span class=\"_ _13\"> </span>a <span class=\"_ _12\"> </span>la compensaci\u00f3n de dicha<span class=\"_ _1\"></span>s p\u00e9rdidas. A <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre de <span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>reserva <span class=\"_ _0\"></span>legal de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad <span class=\"_ _0\"></span>dominante asciende <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>5.311 miles de euros, por lo qu<span class=\"_ _1\"></span>e se encuentra total<span class=\"_ _1\"></span>mente constitu<span class=\"_ _1\"></span>ida.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "4.<span class=\"ls0\"> <span class=\"_ _20\"> </span>Prin<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pios<span class=\"_ _0\"></span> y p<span class=\"_ _0\"></span>ol\u00edti<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>ntab<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>y cr<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>rios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>i\u00f3n<span class=\"_ _b\"></span> </span>Los <span class=\"_ _0\"></span>principios y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pol\u00edticas contables <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>criterios de <span class=\"_ _0\"></span>valoraci\u00f3n <span class=\"_ _e\"></span>utilizados por <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>elaboraci\u00f3n<span class=\"_ _6\"></span> de estas cuentas anu<span class=\"_ _1\"></span>ales consolidadas son l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s siguientes: 4.1 <span class=\"_ _19\"> </span>Importan<span class=\"_ _1\"></span>cia relativa Al determinar <span class=\"_ _0\"></span>la informaci\u00f3n a <span class=\"_ _0\"></span>desglosar en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>presentes cuentas anuales <span class=\"_ _0\"></span>consolidadas, el Grupo <span class=\"_ _0\"></span>ha tenido en cuenta la i<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>portan<span class=\"_ _1\"></span>cia relativa de la mis<span class=\"_ _1\"></span>ma.  4.2 <span class=\"_ _19\"> </span>Activo<span class=\"_ _1\"></span>s intangibles Los <span class=\"_ _b\"></span>activos <span class=\"_ _b\"></span>intangibles <span class=\"_ _b\"></span>adquiridos <span class=\"_ _e\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>Grupo <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>valoran <span class=\"_ _b\"></span>inicialmente <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>su <span class=\"_ _c\"></span>coste, <span class=\"_ _b\"></span>ya <span class=\"_ _b\"></span>sea <span class=\"_ _b\"></span>\u00e9ste <span class=\"_ _b\"></span>el precio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>adquisici\u00f3n <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>producci\u00f3n. <span class=\"_ _e\"></span>Despu\u00e9s <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>reconocimiento <span class=\"_ _b\"></span>inicial, <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>inmovilizado intangible  se  valora  por  su  coste,  menos  la  amortizaci\u00f3n  acumulada  y,  en  su  caso,  el  importe acumulado <span class=\"_ _18\"> </span>de <span class=\"_ _f\"> </span>las <span class=\"_ _f\"> </span>correcciones <span class=\"_ _f\"> </span>por <span class=\"_ _f\"> </span>deterioro <span class=\"_ _18\"> </span>registradas. <span class=\"_ _f\"> </span>Los <span class=\"_ _18\"> </span>activos <span class=\"_ _f\"> </span>intangibles <span class=\"_ _18\"> </span>generados internamente, <span class=\"_ _18\"> </span>excluyendo <span class=\"_ _f\"> </span>los <span class=\"_ _f\"> </span>gastos <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>desarrollo <span class=\"_ _f\"> </span>capitalizados, <span class=\"_ _18\"> </span>no <span class=\"_ _16\"> </span>se <span class=\"_ _f\"> </span>activan, <span class=\"_ _18\"> </span>y <span class=\"_ _f\"> </span>el <span class=\"_ _16\"> </span>gast<span class=\"_ _1\"></span>o<span class=\"_ _38\"> </span>correspondiente se<span class=\"_ _1\"></span> registra en la cuenta de<span class=\"_ _1\"></span> resultados del ej<span class=\"_ _1\"></span>ercicio en el que<span class=\"_ _6\"></span> se<span class=\"_ _0\"></span> hayan incurrid<span class=\"_ _1\"></span>o. Los <span class=\"_ _5\"> </span>activos <span class=\"_ _7\"> </span>intangibles <span class=\"_ _5\"> </span>se <span class=\"_ _7\"> </span>amortizan <span class=\"_ _5\"> </span>sistem\u00e1ticamen<span class=\"_ _1\"></span>te <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>forma <span class=\"_ _5\"> </span>lineal <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>funci\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span><span class=\"ls15\">su</span> <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>ida <span class=\"_ _5\"> </span>\u00fatil estimada <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>residual. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>\u00e9todos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>periodos <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>amortizaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _e\"></span>aplicados so<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>revisados <span class=\"_ _0\"></span>en<span class=\"_ _1\"></span> cada cierre de ejerci<span class=\"_ _6\"></span>cio y, si procede, ajustad<span class=\"_ _1\"></span>os de forma pr<span class=\"_ _1\"></span>ospectiva.  Los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>intangibles \u00fanicamente <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocer\u00e1n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>si: <span class=\"_ _0\"></span>(a) <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>probable <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>beneficios econ\u00f3micos<span class=\"_ _1\"></span> futuros atribuib<span class=\"_ _1\"></span>les al activo<span class=\"_ _1\"></span> afluyan a la<span class=\"_ _1\"></span> entidad, y (b)<span class=\"_ _1\"></span> el coste del<span class=\"_ _6\"></span> activo puede ser valorad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de for<span class=\"_ _1\"></span>ma fiable.  La <span class=\"_ _3\"> </span>entidad  evalu<span class=\"_ _1\"></span>ar\u00e1  la <span class=\"_ _3\"> </span>probabilidad  d<span class=\"_ _1\"></span>e  obtener  benefici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s  econ<span class=\"_ _1\"></span>\u00f3micos  fu<span class=\"_ _1\"></span>turos  utilizan<span class=\"_ _1\"></span>do hip\u00f3tesis raz<span class=\"_ _1\"></span>onables y <span class=\"_ _1\"></span>fundad<span class=\"_ _1\"></span>as que repre<span class=\"_ _6\"></span>senten las mej<span class=\"_ _1\"></span>ores estima<span class=\"_ _1\"></span>ciones de <span class=\"_ _1\"></span>la direcci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n resp<span class=\"_ _1\"></span>ecto al<span class=\"_ _6\"></span> conjunto de condici<span class=\"_ _1\"></span>ones econ\u00f3micas<span class=\"_ _1\"></span> que existir\u00e1n dur<span class=\"_ _1\"></span>ante la vida \u00fatil d<span class=\"_ _1\"></span>el activo. Patentes y marcas<span class=\"_ _1\"></span> El <span class=\"_ _3\"> </span>Grupo <span class=\"_ _5\"> </span>realiza <span class=\"_ _3\"> </span>pagos <span class=\"_ _5\"> </span>al <span class=\"_ _3\"> </span>contado <span class=\"_ _5\"> </span>por <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>compra <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>patent<span class=\"_ _1\"></span>es <span class=\"_ _3\"> </span>y <span class=\"_ _3\"> </span>licencias. <span class=\"_ _7\"> </span>Las <span class=\"_ _3\"> </span>patentes <span class=\"_ _3\"> </span>han <span class=\"_ _5\"> </span>sido obtenidas por un periodo de 10 a\u00f1os con opci\u00f3n de renovarlas al final de dicho periodo. Las licencias<span class=\"_ _1\"></span> para <span class=\"_ _8\"> </span>el <span class=\"_ _13\"> </span>uso <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>propiedad <span class=\"_ _8\"> </span>intelectual <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>han <span class=\"_ _13\"> </span>obteni<span class=\"_ _1\"></span>do <span class=\"_ _13\"> </span>por <span class=\"_ _8\"> </span>pe<span class=\"_ _0\"></span>riodos <span class=\"_ _8\"> </span>entre <span class=\"_ _13\"> </span>cinco <span class=\"_ _8\"> </span>y <span class=\"_ _13\"> </span>diez <span class=\"_ _13\"> </span>a\u00f1<span class=\"_ _1\"></span>os, dependiendo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>licencia. <span class=\"_ _b\"></span>Las <span class=\"_ _b\"></span>licencias <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>pueden <span class=\"_ _e\"></span>renovar <span class=\"_ _b\"></span>con <span class=\"_ _c\"></span>poco <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>ning\u00fan <span class=\"_ _b\"></span>coste <span class=\"_ _c\"></span>para <span class=\"_ _b\"></span>el Grupo, por lo que se<span class=\"_ _1\"></span> considera que estas li<span class=\"_ _6\"></span>cencias tienen vida \u00fatil indefin<span class=\"_ _1\"></span>ida.<span class=\"_ _38\"> </span>A\u00f1os de vida \u00fatil<span class=\"_ _38\"> </span>Patentes 10 a\u00f1os Licenci<span class=\"_ _1\"></span>as Indefinida Aplicacion<span class=\"_ _1\"></span>es inform\u00e1ticas Esta <span class=\"_ _e\"></span>partida <span class=\"_ _e\"></span>incluye <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>incurridos <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>aplicaciones <span class=\"_ _0\"></span>inform\u00e1ticas <span class=\"_ _e\"></span>desarrolladas<span class=\"_ _6\"></span> por el <span class=\"_ _1\"></span>Grupo q<span class=\"_ _1\"></span>ue cu<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>plen <span class=\"_ _1\"></span>las c<span class=\"_ _1\"></span>ondiciones in<span class=\"_ _1\"></span>dicadas <span class=\"_ _1\"></span>anteriorm<span class=\"_ _1\"></span>ente para <span class=\"_ _1\"></span>la ac<span class=\"_ _6\"></span>tiv<span class=\"_ _0\"></span>aci<span class=\"_ _1\"></span>\u00f3n de <span class=\"_ _1\"></span>los ga<span class=\"_ _1\"></span>stos de<span class=\"_ _1\"></span> desarrollo, as\u00ed c<span class=\"_ _1\"></span>omo los cos<span class=\"_ _1\"></span>tes de las adquiridas a<span class=\"_ _6\"></span> t<span class=\"_ _0\"></span>erceros. Su <span class=\"_ _1\"></span>amortizaci\u00f3n s<span class=\"_ _1\"></span>e realiza de forma<span class=\"_ _1\"></span> lineal a largo de su vida \u00fatil<span class=\"_ _1\"></span> estimad<span class=\"_ _1\"></span>a de 5 a\u00f1os.<span class=\"_ _38\"> </span> Las r<span class=\"_ _1\"></span>eparaciones <span class=\"_ _6\"></span>que no <span class=\"_ _6\"></span>representan <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>ampliaci\u00f3n <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>vida \u00fatil <span class=\"_ _6\"></span>y l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>costes <span class=\"_ _6\"></span>de manteni<span class=\"_ _1\"></span>miento s<span class=\"_ _1\"></span>on cargados en la cuen<span class=\"_ _1\"></span>ta de resultados en el <span class=\"_ _1\"></span>ejercicio en <span class=\"_ _1\"></span>que se producen.<span class=\"_ _38\"> </span> 4.3 <span class=\"_ _19\"> </span>Inmov<span class=\"_ _1\"></span>ilizado material Los <span class=\"_ _13\"> </span>elementos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>inmoviliz<span class=\"_ _1\"></span>ado <span class=\"_ _13\"> </span>material <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>reconocen <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>su <span class=\"_ _13\"> </span>coste <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>adquisici\u00f3n <span class=\"_ _13\"> </span>menos <span class=\"_ _13\"> </span>la amortizaci\u00f3n <span class=\"_ _18\"> </span>acumulada <span class=\"_ _18\"> </span>co<span class=\"_ _0\"></span>rrespondient<span class=\"_ _1\"></span>e. <span class=\"_ _f\"> </span>El <span class=\"_ _f\"> </span>coste <span class=\"_ _f\"> </span>hist\u00f3rico <span class=\"_ _f\"> </span>incluye <span class=\"_ _18\"> </span>los <span class=\"_ _16\"> </span>gastos <span class=\"_ _18\"> </span>directamente imputables <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>adquisici\u00f3<span class=\"_ _1\"></span>n <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>los <span class=\"_ _7\"></span>elementos. <span class=\"_ _7\"></span>Despu\u00e9s <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>reconocimi<span class=\"_ _6\"></span>ento <span class=\"_ _5\"> </span>inicial, <span class=\"_ _c\"></span>el <span class=\"_ _7\"> </span>inmovilizado material <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valora p<span class=\"_ _1\"></span>or <span class=\"_ _6\"></span>su c<span class=\"_ _1\"></span>oste, <span class=\"_ _6\"></span>menos <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>amortizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>acumulada <span class=\"_ _6\"></span>y, en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>caso, <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>acumulado de las correccion<span class=\"_ _1\"></span>es por deterioro registrad<span class=\"_ _1\"></span>as. Los <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>incurridos <span class=\"_ _e\"></span>posteriormente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>reconocimiento <span class=\"_ _e\"></span>inicial <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>activo <span class=\"_ _e\"></span>s\u00f3lo <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>capitalizan<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la medida en que <span class=\"_ _0\"></span>supongan un aumento <span class=\"_ _0\"></span>de su <span class=\"_ _0\"></span>capacidad<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>productividad o alargamiento de su <span class=\"_ _0\"></span>vida \u00fatil, debi\u00e9ndose <span class=\"_ _13\"> </span>dar <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>baja <span class=\"_ _13\"> </span>el <span class=\"_ _12\"> </span>v<span class=\"_ _0\"></span>alor <span class=\"_ _13\"> </span>contable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _13\"> </span>componentes <span class=\"_ _12\"> </span>sustituidos. <span class=\"_ _13\"> </span>Sin <span class=\"_ _12\"> </span>embargo, <span class=\"_ _12\"> </span>las reparaciones <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>no <span class=\"_ _b\"></span>representan <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>ampliaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>vida <span class=\"_ _b\"></span>\u00fatil <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>costes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>antenimient<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>son cargados en la cuen<span class=\"_ _1\"></span>ta de resultados en el <span class=\"_ _1\"></span>ejercicio en <span class=\"_ _1\"></span>que se producen.<span class=\"_ _38\"> </span>El <span class=\"_ _5\"> </span>coste <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>adquisici\u00f3n <span class=\"_ _5\"> </span>incorpora <span class=\"_ _7\"> </span>tanto <span class=\"_ _3\"> </span>los <span class=\"_ _5\"> </span>honorarios <span class=\"_ _5\"> </span>profesionales <span class=\"_ _7\"> </span>como <span class=\"_ _5\"> </span>los <span class=\"_ _3\"> </span>gastos <span class=\"_ _5\"> </span>financiero<span class=\"_ _1\"></span>s<span class=\"_ _38\"> </span>devengados <span class=\"_ _5\"> </span>durante <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>periodo <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>construcci\u00f3n, <span class=\"_ _5\"> </span>siempre <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>sean <span class=\"_ _5\"> </span>directamente <span class=\"_ _5\"> </span>atribuibles<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>la adquisici\u00f3n, <span class=\"_ _8\"> </span>construcci\u00f3n <span class=\"_ _8\"> </span>o <span class=\"_ _13\"> </span>producci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>activos <span class=\"_ _8\"> </span>cualificados, <span class=\"_ _8\"> </span>entendidos <span class=\"_ _8\"> </span>como <span class=\"_ _13\"> </span>aquellos <span class=\"_ _8\"> </span>que requieren <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>periodo <span class=\"_ _6\"></span>de ti<span class=\"_ _6\"></span>empo <span class=\"_ _1\"></span>significativo <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>estar <span class=\"_ _6\"></span>disponibles p<span class=\"_ _1\"></span>ara <span class=\"_ _6\"></span>su u<span class=\"_ _1\"></span>so. <span class=\"_ _6\"></span>Los <span class=\"_ _1\"></span>gastos <span class=\"_ _6\"></span>financieros asociados <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>financiaciones<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>espec\u00edficas <span class=\"_ _6\"></span>destinadas <span class=\"_ _6\"></span>a d<span class=\"_ _1\"></span>ichos <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>se <span class=\"_ _1\"></span>capitalizan <span class=\"_ _6\"></span>\u00edntegramente <span class=\"_ _6\"></span>durante<span class=\"_ _1\"></span> la fase <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>construcci\u00f3n. L<span class=\"_ _0\"></span>a capitalizaci\u00f3n <span class=\"_ _0\"></span>de intereses comienza <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el momento <span class=\"_ _0\"></span>en que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>incurre en desembolsos <span class=\"_ _c\"></span>vinculados <span class=\"_ _c\"></span>al <span class=\"_ _7\"></span>activo, <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>generan <span class=\"_ _c\"></span>intereses <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>est\u00e1n <span class=\"_ _7\"></span>llevando <span class=\"_ _c\"></span>a <span class=\"_ _7\"></span>cabo <span class=\"_ _c\"></span>las <span class=\"_ _7\"></span>actividade<span class=\"_ _1\"></span>s necesarias <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>preparaci\u00f3n. <span class=\"_ _0\"></span>Dicha <span class=\"_ _0\"></span>capitalizaci\u00f3n <span class=\"_ _0\"></span>concluye <span class=\"_ _0\"></span>cuando <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>finalizado, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _e\"></span>totalidad o <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su pr\u00e1ctica totalidad, <span class=\"_ _0\"></span>las actividades <span class=\"_ _0\"></span>requeridas para que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>activo o <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>part<span class=\"_ _1\"></span>es <span class=\"_ _0\"></span>est\u00e9n listos <span class=\"_ _0\"></span>para el uso previsto. Asimismo, <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>incluye <span class=\"_ _7\"></span>como <span class=\"_ _7\"></span>\u201cInmovilizado <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>curso\u201d <span class=\"_ _7\"></span>aquellos <span class=\"_ _7\"></span>gastos <span class=\"_ _7\"></span>incurridos <span class=\"_ _7\"></span>en<span class=\"ff4\"> <span class=\"_ _7\"> </span>una <span class=\"_ _7\"> </span>fase </span>suficientemente <span class=\"_ _c\"></span>avanzada <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>desarrollo <span class=\"_ _c\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>construcci\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>determinadas <span class=\"_ _c\"></span>plantas <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>siguen <span class=\"_ _7\"></span>en proceso de <span class=\"_ _0\"></span>construcci\u00f3n, y que <span class=\"_ _0\"></span>ser\u00e1n o<span class=\"_ _0\"></span>bjeto de <span class=\"_ _0\"></span>explotaci\u00f3n por <span class=\"_ _0\"></span>parte del Grupo, <span class=\"_ _0\"></span>una vez <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>mismas<span class=\"_ _6\"></span> sean puestas en <span class=\"_ _1\"></span>marcha, en base a la<span class=\"_ _1\"></span> NIC 16 (Nota 7).  Los <span class=\"_ _8\"> </span>trabajo<span class=\"_ _1\"></span>s <span class=\"_ _8\"> </span>realizad<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>por  el <span class=\"_ _8\"> </span>Grup<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>para  su <span class=\"_ _8\"> </span>propio  inmovilizado  material  se <span class=\"_ _8\"> </span>reflejan  al <span class=\"_ _8\"> </span>coste<span class=\"_ _6\"></span> acumulado <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>resulta <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>a\u00f1adir <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>externos <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>internos <span class=\"_ _e\"></span>determinados <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>funci\u00f3n de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>horarios <span class=\"_ _e\"></span>del <span class=\"_ _0\"></span>perso<span class=\"_ _0\"></span>nal <span class=\"_ _e\"></span>dedicado <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>ellos, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>cont<span class=\"_ _0\"></span><span class=\"ff7\">abilizan <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>abono <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>cuenta <span class=\"_ _e\"></span>\u201c</span>Otros Ingresos\u201d <span class=\"ff4\">de la cuenta<span class=\"_ _6\"></span> de <span class=\"_ _0\"></span>resultados c<span class=\"_ _1\"></span>onsolidada.<span class=\"_ _38\"> </span></span>La <span class=\"_ _e\"></span>amortizaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>elementos<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>inmovilizado <span class=\"_ _e\"></span>material <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>realiza<span class=\"_ _0\"></span>, <span class=\"_ _e\"></span>desde <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>que est\u00e1n disponibles para su p<span class=\"_ _1\"></span>uesta en funcionamien<span class=\"_ _1\"></span>to, de forma lineal durante <span class=\"ls15\">su</span> vida \u00fatil estimada. E<span class=\"_ _1\"></span>l<span class=\"_ _38\"> </span>Grupo deter<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ina el g<span class=\"_ _1\"></span>asto d<span class=\"_ _6\"></span>e amortizaci\u00f3n d<span class=\"_ _6\"></span>e forma in<span class=\"_ _1\"></span>dependiente para<span class=\"_ _6\"></span> cada componen<span class=\"_ _1\"></span>te que <span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>nga un <span class=\"_ _7\"></span>coste <span class=\"_ _c\"></span>significativo <span class=\"_ _7\"></span>en <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _7\"> </span>al <span class=\"_ _7\"></span>coste <span class=\"_ _7\"></span>total <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>elemento <span class=\"_ _7\"></span>y <span class=\"_ _7\"></span>una <span class=\"_ _c\"></span>v<span class=\"_ _0\"></span>ida <span class=\"_ _c\"></span>\u00fatil <span class=\"_ _7\"></span>distinta <span class=\"_ _7\"></span>del <span class=\"_ _c\"></span>resto <span class=\"_ _7\"> </span>de<span class=\"_ _38\"> </span>l<span class=\"_ _38\"> </span>elemento. Los <span class=\"_ _8\"> </span>a\u00f1os <span class=\"_ _8\"> </span>d<span class=\"_ _1\"></span>e <span class=\"_ _8\"> </span>vida <span class=\"_ _8\"> </span>\u00fatil  estimada <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>l<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>distintos  elementos <span class=\"_ _8\"> </span>del <span class=\"_ _8\"> </span>inm<span class=\"_ _1\"></span>ovilizado  mate<span class=\"_ _0\"></span>rial  so<span class=\"_ _0\"></span>n <span class=\"_ _8\"> </span>lo<span class=\"_ _1\"></span>s siguientes: (Miles de euros) A\u00f1os de vida \u00fatil<span class=\"_ _6\"></span> Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas  30<span class=\"ls0\"> a\u00f1os </span>Construcc<span class=\"_ _1\"></span>iones 35 a 50 a\u00f1os Maquinari<span class=\"_ _1\"></span>a 8 a\u00f1os Otro inmo<span class=\"_ _1\"></span>vilizado 8 a\u00f1os El Grupo <span class=\"_ _0\"></span>revisa el <span class=\"_ _0\"></span>valor residual, la <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil y <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9tod<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>de amortizaci\u00f3n <span class=\"_ _0\"></span>del inmovilizad<span class=\"_ _1\"></span>o mate<span class=\"_ _0\"></span>rial <span class=\"_ _0\"></span>al cierre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cada <span class=\"_ _0\"></span>ejercicio. <span class=\"_ _e\"></span>En <span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>caso <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>produzcan <span class=\"_ _0\"></span>modificaciones <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>criterios <span class=\"_ _0\"></span>inicialmente establecidos se recon<span class=\"_ _1\"></span>ocen como un cambio de estima<span class=\"_ _1\"></span>ci\u00f3n.<span class=\"_ _0\"></span> Los terrenos sobre los que se asientan lo<span class=\"_ _1\"></span>s edificios  y <span class=\"_ _8\"> </span>otras<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>c<span class=\"_ _1\"></span>onstrucciones  tienen <span class=\"_ _8\"> </span>un<span class=\"_ _1\"></span>a  vida <span class=\"_ _8\"> </span>\u00fatil  indefinida  y, <span class=\"_ _8\"> </span>por  tanto,  no <span class=\"_ _8\"> </span>s<span class=\"_ _1\"></span>on  objeto <span class=\"_ _8\"> </span>de amortizaci\u00f3n. <span class=\"_ _1\"></span> El <span class=\"_ _6\"></span>beneficio <span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>p\u00e9rdida <span class=\"_ _6\"></span>resultante <span class=\"_ _10\"></span>de la <span class=\"_ _10\"></span>enajenaci\u00f3n <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>baja <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>activo <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>calculan <span class=\"_ _6\"></span>como la <span class=\"_ _10\"></span>diferencia<span class=\"_ _1\"></span> entre el <span class=\"_ _1\"></span>valor d<span class=\"_ _1\"></span>e la c<span class=\"_ _1\"></span>ontraprestaci\u00f3n <span class=\"_ _1\"></span>recibida <span class=\"_ _1\"></span>y el <span class=\"_ _1\"></span>valor en <span class=\"_ _6\"></span>libros del ac<span class=\"_ _1\"></span>tivo, y s<span class=\"_ _6\"></span>e reconoce en <span class=\"_ _1\"></span>la cuent<span class=\"_ _6\"></span>a de resultados del ejer<span class=\"_ _1\"></span>cicio.<span class=\"_ _38\"> </span>4.4 <span class=\"_ _19\"> </span>Deterioro de<span class=\"_ _1\"></span>l valor de los <span class=\"_ _1\"></span>activos no financ<span class=\"_ _1\"></span>ieros A <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>fecha <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>ejercicio, <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _0\"></span>revisa <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>importes <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>libros <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>sus <span class=\"_ _e\"></span>activos <span class=\"_ _0\"></span>no <span class=\"_ _e\"></span>corrientes,<span class=\"_ _1\"></span> incluyendo <span class=\"_ _c\"></span>activos <span class=\"_ _c\"></span>materia<span class=\"_ _1\"></span>les, <span class=\"_ _c\"></span>intangibles, <span class=\"_ _c\"></span>derechos <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>uso <span class=\"_ _7\"></span>y <span class=\"_ _c\"></span>participaciones <span class=\"_ _c\"></span>contabilizad<span class=\"_ _1\"></span>as <span class=\"_ _c\"></span>por <span class=\"_ _7\"></span>el m\u00e9todo <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>participaci\u00f3n<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>objetivo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>iden<span class=\"_ _0\"></span>tificar <span class=\"_ _e\"></span>po<span class=\"_ _0\"></span>sibles <span class=\"_ _e\"></span>indicios <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>deterioro. <span class=\"_ _e\"></span>En <span class=\"_ _b\"></span>caso <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span> existir tales indici<span class=\"_ _1\"></span>os, se procede a <span class=\"_ _1\"></span>estimar el import<span class=\"_ _1\"></span>e recuperable de<span class=\"_ _1\"></span> los activos afectad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s, realizand<span class=\"_ _1\"></span>o para <span class=\"_ _13\"> </span>ello <span class=\"_ _13\"> </span>los <span class=\"_ _8\"> </span>co<span class=\"_ _0\"></span>rresp<span class=\"_ _1\"></span>ondientes <span class=\"_ _13\"> </span>test <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>deterioro. <span class=\"_ _8\"> </span>A <span class=\"_ _13\"> </span>estos <span class=\"_ _13\"> </span>efectos, <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>co<span class=\"_ _0\"></span>nsidera <span class=\"_ _13\"> </span>com<span class=\"_ _1\"></span>o <span class=\"_ _13\"> </span>unidad generadora de efectiv<span class=\"_ _1\"></span>o cada planta fotovoltai<span class=\"_ _1\"></span>ca o proyecto individual en d<span class=\"_ _6\"></span>esarrollo, en funci\u00f3n de su capacidad <span class=\"_ _b\"></span>para <span class=\"_ _c\"></span>generar <span class=\"_ _b\"></span>flujos <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>efectivo <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>forma <span class=\"_ _b\"></span>independiente<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>En <span class=\"_ _b\"></span>este <span class=\"_ _c\"></span>sentido, <span class=\"_ _b\"></span>considera <span class=\"_ _b\"></span>para planta <span class=\"_ _1\"></span>fotovoltaica<span class=\"_ _1\"></span> o <span class=\"_ _6\"></span>proyecto <span class=\"_ _1\"></span>en d<span class=\"_ _6\"></span>esarrollo com<span class=\"_ _1\"></span>o uni<span class=\"_ _1\"></span>dad <span class=\"_ _1\"></span>generadora <span class=\"_ _6\"></span>de efecti<span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>o. En <span class=\"_ _6\"></span>este sentid<span class=\"_ _6\"></span>o, los<span class=\"_ _1\"></span> principales indicad<span class=\"_ _1\"></span>ores que se eval\u00faan<span class=\"_ _6\"></span> para identificar posibles p<span class=\"_ _1\"></span>\u00e9rdidas por det<span class=\"_ _1\"></span>erioro se encuent<span class=\"_ _1\"></span>ran el <span class=\"_ _c\"></span>rendimiento <span class=\"_ _b\"></span>econ\u00f3mico <span class=\"_ _c\"></span>individual <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>cada <span class=\"_ _c\"></span>planta, <span class=\"_ _b\"></span>medido <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>performance <span class=\"_ _b\"></span>obtenido <span class=\"_ _c\"></span>(precio capturado <span class=\"_ _3\"> </span>multiplicado<span class=\"_ _1\"></span>  po<span class=\"_ _1\"></span>r  producci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n), <span class=\"_ _3\"> </span>as\u00ed  c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>mo <span class=\"_ _3\"> </span>el <span class=\"_ _3\"> </span>cumplimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>los <span class=\"_ _3\"> </span>covenants <span class=\"_ _3\"> </span>financi<span class=\"_ _1\"></span>eros asociados. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>consideran <span class=\"_ _6\"></span>otros <span class=\"_ _6\"></span>factores <span class=\"_ _6\"></span>relevantes <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>variaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ti<span class=\"_ _0\"></span>pos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inter\u00e9s, cambios <span class=\"_ _6\"></span>en las <span class=\"_ _6\"></span>curvas de<span class=\"_ _1\"></span> pr<span class=\"_ _6\"></span>ecio<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>del pool <span class=\"_ _6\"></span>en ausen<span class=\"_ _6\"></span>cia de <span class=\"_ _6\"></span>acuerdos de <span class=\"_ _6\"></span>compraventa <span class=\"_ _6\"></span>de energ\u00eda<span class=\"_ _6\"></span> (<span class=\"ff8\">Power<span class=\"_ _38\"> </span></span>Purchase Agreemen<span class=\"_ _1\"></span>t<span class=\"ff4\">,<span class=\"ff7\">\u201c</span></span>contratos PPA<span class=\"ff7\">\u201d<span class=\"ff4\">), el riesgo de cr\u00e9dito en proyectos con contratos PPA, y riesgo<span class=\"_ _1\"></span>s </span></span>macroeconomi<span class=\"_ _1\"></span>cos, incluyendo incertidu<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre regulat<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ria.<span class=\"_ _38\"> </span>Para aquell<span class=\"_ _1\"></span>os activos<span class=\"_ _1\"></span> identificad<span class=\"_ _1\"></span>os se e<span class=\"_ _1\"></span>stima su <span class=\"_ _1\"></span>import<span class=\"_ _1\"></span>e recuperable, <span class=\"_ _1\"></span>entendido <span class=\"_ _6\"></span>como el <span class=\"_ _1\"></span>mayor entre<span class=\"_ _38\"> </span>su valor razonabl<span class=\"_ _1\"></span>e menos los cost<span class=\"_ _1\"></span>es de venta necesari<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s y su valor en us<span class=\"_ _1\"></span>o.  En caso de que el activo no genere flu<span class=\"_ _1\"></span>jos de efectivo por s\u00ed <span class=\"_ _1\"></span>mismo, que sean independientes de <span class=\"_ _1\"></span>otros activos, el Grupo calcula el importe recuperable del activo <span class=\"_ _0\"></span>a la que pertenece. <span class=\"_ _0\"></span>Si el valor recuperable<span class=\"_ _1\"></span> as\u00ed <span class=\"_ _5\"> </span>determinado <span class=\"_ _5\"> </span>fuese <span class=\"_ _5\"> </span>inferior<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>al <span class=\"_ _5\"> </span>v<span class=\"_ _0\"></span>alor <span class=\"_ _7\"> </span>en <span class=\"_ _3\"> </span>libros <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>activo, <span class=\"_ _3\"> </span>la <span class=\"_ _7\"> </span>diferencia <span class=\"_ _5\"> </span>entre <span class=\"_ _5\"> </span>ambos <span class=\"_ _5\"> </span>valores <span class=\"_ _5\"> </span>se reconoce  en <span class=\"_ _3\"> </span>la  cuenta  de<span class=\"_ _1\"></span>  resultados  reduciend<span class=\"_ _1\"></span>o  el  valor <span class=\"_ _3\"> </span>en  libros  del <span class=\"_ _3\"> </span>activo  hasta  su <span class=\"_ _3\"> </span>import<span class=\"_ _1\"></span>e recuperable y <span class=\"_ _0\"></span>se ajustan <span class=\"_ _0\"></span>los cargos <span class=\"_ _0\"></span>futuros en <span class=\"_ _0\"></span>concepto de <span class=\"_ _0\"></span>amortizaci\u00f3n en proporci\u00f3n a <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>valor en libros <span class=\"_ _c\"></span>ajustado <span class=\"_ _b\"></span>y <span class=\"_ _7\"></span>a <span class=\"_ _b\"></span>su <span class=\"_ _c\"></span>nueva <span class=\"_ _c\"></span>vida <span class=\"_ _c\"></span>\u00fatil <span class=\"_ _c\"></span>remanente, <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>ser <span class=\"_ _c\"></span>necesaria <span class=\"_ _c\"></span>una <span class=\"_ _b\"></span>reestimaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la<span class=\"_ _1\"></span> misma. De <span class=\"_ _e\"></span>forma <span class=\"_ _0\"></span>similar, <span class=\"_ _e\"></span>cuando <span class=\"_ _0\"></span>existen <span class=\"_ _e\"></span>indicios <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _0\"></span>ha <span class=\"_ _e\"></span>recuperado <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>un <span class=\"_ _e\"></span>activo <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>aterial, <span class=\"_ _e\"></span>el Grupo <span class=\"_ _7\"></span>registra <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>reversi\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>p\u00e9rdida <span class=\"_ _c\"></span>por <span class=\"_ _7\"></span>deterioro <span class=\"_ _c\"></span>contabilizada <span class=\"_ _c\"></span>en <span class=\"_ _7\"> </span>ejercicios <span class=\"_ _7\"></span>anterior<span class=\"_ _1\"></span>es <span class=\"_ _c\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _7\"></span>se ajustan en <span class=\"_ _0\"></span>consecuencia los <span class=\"_ _0\"></span>cargos <span class=\"_ _0\"></span>futuros por <span class=\"_ _0\"></span>amortiz<span class=\"_ _1\"></span>aci\u00f3n. <span class=\"_ _0\"></span>En ning\u00fan <span class=\"_ _0\"></span>caso <span class=\"_ _0\"></span>dicha reversi\u00f3n <span class=\"_ _0\"></span>supon<span class=\"_ _1\"></span>e el <span class=\"_ _3\"> </span>increment<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>valor <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>libros <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>activo <span class=\"_ _5\"> </span>por <span class=\"_ _3\"> </span>encima <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>aquel <span class=\"_ _3\"> </span>que <span class=\"_ _5\"> </span>tendr\u00eda <span class=\"_ _3\"> </span>si <span class=\"_ _5\"> </span>no <span class=\"_ _3\"> </span>se <span class=\"_ _3\"> </span>hubieran<span class=\"_ _1\"></span> reconocido p\u00e9rdidas p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r deterioro en <span class=\"_ _6\"></span>eje<span class=\"_ _0\"></span>rcicios anter<span class=\"_ _6\"></span>io<span class=\"_ _0\"></span>res. En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _1\"></span>industriales, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>determinad<span class=\"_ _1\"></span>os <span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>rrenos <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>afectos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>explotaci\u00f3n, el <span class=\"_ _0\"></span>valor recuperable se <span class=\"_ _0\"></span>ha calculado en <span class=\"_ _0\"></span>base al <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>razonable<span class=\"ls10\">. </span>Dicho <span class=\"_ _0\"></span>valor corresponde a <span class=\"_ _0\"></span>aquel <span class=\"_ _0\"></span>que<span class=\"_ _1\"></span> se <span class=\"_ _6\"></span>recibir\u00eda <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>vender <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _1\"></span>pagar\u00eda <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>transferir <span class=\"_ _10\"></span>un <span class=\"_ _1\"></span>pasivo <span class=\"_ _10\"></span>en u<span class=\"_ _1\"></span>na <span class=\"_ _6\"></span>transacci\u00f3n <span class=\"_ _10\"></span>o<span class=\"_ _0\"></span>rdenada<span class=\"_ _1\"></span> entre  participantes  de  mercado  en <span class=\"_ _8\"> </span>la  fecha  de  la  medici\u00f3n,  neto <span class=\"_ _8\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _8\"> </span>los  costes  de  disposici\u00f3n atribuibles <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>disposici\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>un <span class=\"_ _5\"> </span>activo <span class=\"_ _5\"> </span>(excluyendo <span class=\"_ _5\"> </span>los <span class=\"_ _5\"> </span>costes <span class=\"_ _5\"> </span>financieros<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>y <span class=\"_ _5\"> </span>lo<span class=\"_ _0\"></span>s <span class=\"_ _3\"> </span>impuestos<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>las<span class=\"_ _38\"> </span>ganancias). El Grupo ha valorado cada uno de los activos<span class=\"_ _1\"></span> de <span class=\"_ _0\"></span>forma<span class=\"_ _1\"></span> individual y no como parte de una<span class=\"_ _1\"></span> cartera de propi<span class=\"_ _1\"></span>edades.<span class=\"_ _38\"> </span>4.5 <span class=\"_ _19\"> </span>Arrendamien<span class=\"_ _1\"></span>tos El Grupo como arren<span class=\"_ _1\"></span>datario El <span class=\"_ _6\"></span>Grupo eval\u00faa <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>un contr<span class=\"_ _1\"></span>ato es <span class=\"_ _10\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>contiene un <span class=\"_ _6\"></span>arrendamient<span class=\"_ _1\"></span>o, al <span class=\"_ _10\"></span>inicio d<span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>mismo. <span class=\"_ _6\"></span>El Grup<span class=\"_ _1\"></span>o re<span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>noce<span class=\"_ _1\"></span> un <span class=\"_ _5\"> </span>activ<span class=\"_ _0\"></span>o <span class=\"_ _3\"> </span>por <span class=\"_ _5\"> </span>derecho <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>uso <span class=\"_ _3\"> </span>y <span class=\"_ _3\"> </span>un <span class=\"_ _5\"> </span>pasivo <span class=\"_ _3\"> </span>por <span class=\"_ _3\"> </span>arrendamient<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>para <span class=\"_ _5\"> </span>to<span class=\"_ _0\"></span>dos <span class=\"_ _5\"> </span>aquellos <span class=\"_ _3\"> </span>contratos <span class=\"_ _5\"> </span>de arrendamiento <span class=\"_ _e\"></span>en <span class=\"_ _c\"></span>los <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>mantiene <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>posici\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>arrendatario, <span class=\"_ _b\"></span>excepto <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>los <span class=\"_ _e\"></span>arrendamientos <span class=\"_ _b\"></span>a corto plazo (definidos<span class=\"_ _1\"></span> como arrendamient<span class=\"_ _1\"></span>os con un plazo de arr<span class=\"_ _1\"></span>endamiento de <span class=\"_ _1\"></span>12 meses o men<span class=\"_ _1\"></span>os) y por los arrendamientos de activos de bajo valor (el an\u00e1lisis se realiza<span class=\"_ _1\"></span> contrato a contrato). Para estos arrendamientos,  en  los  que  no <span class=\"_ _8\"> </span>se  reconoce  el  derecho  de  uso  y <span class=\"_ _8\"> </span>el  pasivo  por  arrendamient<span class=\"_ _1\"></span>o correspondiente, el<span class=\"_ _1\"></span> Grupo reconoce los pagos por arr<span class=\"_ _1\"></span>endamiento como<span class=\"_ _1\"></span> un gasto operativo de forma lineal durante el plaz<span class=\"_ _1\"></span>o del arrendamien<span class=\"_ _1\"></span>to, a menos que otra base sis<span class=\"_ _1\"></span>tem\u00e1tica sea m\u00e1s representati<span class=\"_ _1\"></span>va del patr\u00f3n de tiemp<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> en el que se c<span class=\"_ _1\"></span>onsumen los ben<span class=\"_ _1\"></span>eficios econ\u00f3mic<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s de los activos<span class=\"_ _1\"></span> arrendados.  El <span class=\"_ _c\"></span>pasivo <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>arrendamien<span class=\"_ _1\"></span>to <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>mide <span class=\"_ _c\"></span>inicialmente <span class=\"_ _b\"></span>al <span class=\"_ _c\"></span>valor <span class=\"_ _c\"></span>actual <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>pagos <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>arrendamient<span class=\"_ _1\"></span>o, descontados utilizand<span class=\"_ _1\"></span>o la tasa <span class=\"_ _0\"></span>impl\u00edcita del arrenda<span class=\"_ _1\"></span>miento.<span class=\"ls21\">  <span class=\"_ _0\"></span></span>El pasivo por arrendamiento se presenta<span class=\"_ _6\"></span> en <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>estado <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>situaci\u00f3n <span class=\"_ _c\"></span>financiera <span class=\"_ _c\"></span>consolidados <span class=\"_ _c\"></span>dentro <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>ep\u00edgrafes <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span><span class=\"ff4\">Deudas <span class=\"_ _7\"></span>a <span class=\"_ _c\"></span>largo <span class=\"_ _c\"></span>plazo <span class=\"_ _c\"></span></span>\u2013<span class=\"ff4\"> </span>Pasivos <span class=\"_ _7\"></span>por <span class=\"_ _c\"></span>arrendamiento<span class=\"ff7\">\u201d <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>\u201c</span>Deudas <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>corto <span class=\"_ _c\"></span>plazo <span class=\"_ _7\"></span><span class=\"ff7\">\u2013</span> <span class=\"_ _7\"></span>Pasivos <span class=\"_ _c\"></span>por <span class=\"_ _7\"></span>arrenda<span class=\"_ _1\"></span>miento<span class=\"ff7\">\u201d. <span class=\"_ _7\"></span>El <span class=\"_ _7\"></span>pasiv<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>por </span>arrendamiento <span class=\"_ _6\"></span>se mide<span class=\"_ _1\"></span> pos<span class=\"_ _1\"></span>teriormente <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>mentando <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _6\"></span>en libros <span class=\"_ _6\"></span>para <span class=\"_ _1\"></span>reflejar l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s in<span class=\"_ _1\"></span>tereses sobre el pasivo por arr<span class=\"_ _6\"></span>endamiento (utilizand<span class=\"_ _1\"></span>o el m\u00e9todo de int<span class=\"_ _1\"></span>er\u00e9s efectivo) y r<span class=\"_ _1\"></span>educiendo el i<span class=\"_ _1\"></span>mporte en libros para refle<span class=\"_ _1\"></span>jar los pagos de<span class=\"_ _1\"></span> arrendamiento rea<span class=\"_ _6\"></span>lizados.<span class=\"_ _38\"> </span>El Grupo vuelve a<span class=\"_ _1\"></span> medir el <span class=\"_ _1\"></span>pasivo por arrendami<span class=\"_ _1\"></span>ento (y realiza un ajus<span class=\"_ _1\"></span>te contra el<span class=\"_ _1\"></span> activo por derech<span class=\"_ _1\"></span>o de uso) siempre que<span class=\"_ _1\"></span> se produce un ca<span class=\"_ _1\"></span>mbio en el plazo<span class=\"_ _1\"></span> del arrendamient<span class=\"_ _1\"></span>o o se produce un <span class=\"_ _1\"></span>evento o cambio significati<span class=\"_ _1\"></span>vo en las circu<span class=\"_ _1\"></span>nstancias que resultan<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>n<span class=\"_ _38\"> </span>Un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>en lo<span class=\"_ _0\"></span>s pagos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>arrendamiento debido <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>cambios en <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>\u00edndice o <span class=\"_ _0\"></span>tasa <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>debido <span class=\"_ _0\"></span>a un cambio en el pag<span class=\"_ _6\"></span>o esperado bajo un valor<span class=\"_ _1\"></span> residual garan<span class=\"_ _1\"></span>tizado, en cuyo caso<span class=\"_ _1\"></span> el pasivo por<span class=\"_ _1\"></span> arrendamiento <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>vuelve <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>medir <span class=\"_ _13\"> </span>descontando <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>pagos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>arrendamiento <span class=\"_ _13\"> </span>revi<span class=\"_ _0\"></span>sados utilizando <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>tasa <span class=\"_ _18\"> </span>de <span class=\"_ _17\"> </span>descuento <span class=\"_ _17\"> </span>original <span class=\"_ _18\"> </span>(a <span class=\"_ _12\"> </span>menos <span class=\"_ _18\"> </span>que <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>cambio <span class=\"_ _17\"> </span>en <span class=\"_ _18\"> </span>los <span class=\"_ _17\"> </span>pagos <span class=\"_ _18\"> </span>por arrendamiento <span class=\"_ _6\"></span>sea debido <span class=\"_ _6\"></span>a un <span class=\"_ _6\"></span>cam<span class=\"_ _0\"></span>bio <span class=\"_ _6\"></span>en una <span class=\"_ _1\"></span>tasa de<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span>ter\u00e9s <span class=\"_ _1\"></span>variable, en <span class=\"_ _6\"></span>cuyo c<span class=\"_ _6\"></span>aso<span class=\"_ _0\"></span> se <span class=\"_ _6\"></span>utiliza una tasa de descuent<span class=\"_ _1\"></span>o revisada) - <span class=\"_ _21\"> </span><span class=\"ff4\">Una <span class=\"_ _8\"> </span>modificaci\u00f3n <span class=\"_ _8\"> </span>en <span class=\"_ _8\"> </span>el <span class=\"_ _8\"> </span>arrendamiento <span class=\"_ _8\"> </span>sin <span class=\"_ _8\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _13\"> </span>contabili<span class=\"_ _1\"></span>ce <span class=\"_ _8\"> </span>como <span class=\"_ _13\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _13\"> </span>arrendamient<span class=\"_ _6\"></span>o </span>separado, en cuyo caso se medir\u00e1<span class=\"_ _1\"></span> nuevamente el pasivo por arrendami<span class=\"_ _1\"></span>ento descontando los<span class=\"_ _1\"></span> pagos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>arrendamiento <span class=\"_ _6\"></span>revisados <span class=\"_ _10\"></span>aplicando <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>tasa <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>descuento <span class=\"_ _6\"></span>revisada <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>base <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>plazo del arrendamient<span class=\"_ _1\"></span>o modificado.  Los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>alquilados <span class=\"_ _6\"></span>por<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>corresponden <span class=\"_ _6\"></span>fundamental<span class=\"_ _1\"></span>mente <span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>te<span class=\"_ _0\"></span>rrenos <span class=\"_ _10\"></span>sobre <span class=\"_ _6\"></span>los <span class=\"_ _1\"></span>cuales <span class=\"_ _10\"></span>est\u00e1n construidos <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>parques <span class=\"_ _0\"></span>fotovoltaicos. <span class=\"_ _0\"></span>Los <span class=\"_ _e\"></span>contratos <span class=\"_ _0\"></span>tienen <span class=\"_ _0\"></span>generalmente <span class=\"_ _0\"></span>una <span class=\"_ _e\"></span>duraci\u00f3n <span class=\"_ _0\"></span>inicial <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>26 a\u00f1os <span class=\"_ _c\"></span>m\u00e1s <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>opci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>prorrogar <span class=\"_ _c\"></span>dichos <span class=\"_ _c\"></span>contratos <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>2 <span class=\"_ _7\"></span>p<span class=\"_ _0\"></span>eriodos <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>5 <span class=\"_ _7\"></span>a\u00f1os <span class=\"_ _c\"></span>cada <span class=\"_ _c\"></span>uno. <span class=\"_ _7\"></span>Las <span class=\"_ _c\"></span>cuotas<span class=\"_ _1\"></span> corresponden a pag<span class=\"_ _1\"></span>os fijos sin<span class=\"_ _1\"></span> existir pagos variable<span class=\"_ _1\"></span>s, incentivos u opci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes de co<span class=\"_ _1\"></span>mpra.  El activo <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>derecho de uso <span class=\"_ _0\"></span>incluye la valoraci\u00f3n <span class=\"_ _0\"></span>inicial del <span class=\"_ _0\"></span>pasivo por arrendamiento, los <span class=\"_ _0\"></span>pagos por arrendamiento <span class=\"_ _7\"></span>realizad<span class=\"_ _1\"></span>os <span class=\"_ _7\"></span>antes <span class=\"_ _7\"> </span>o <span class=\"_ _5\"> </span>en <span class=\"_ _7\"></span>la <span class=\"_ _7\"> </span>fecha <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>comienzo, <span class=\"_ _7\"></span>menos<span class=\"_ _0\"></span>, <span class=\"_ _7\"></span>en <span class=\"_ _7\"> </span>su <span class=\"_ _7\"> </span>caso, <span class=\"_ _5\"> </span>los <span class=\"_ _7\"> </span>incentivos <span class=\"_ _7\"></span>de arrendamiento r<span class=\"_ _6\"></span>ecibidos y los <span class=\"_ _1\"></span>costes dire<span class=\"_ _6\"></span>ctos iniciales. <span class=\"_ _1\"></span>Posteriormente<span class=\"_ _1\"></span>, se <span class=\"_ _1\"></span>valorar\u00e1n <span class=\"_ _1\"></span>a coste <span class=\"_ _1\"></span>menos la<span class=\"_ _38\"> </span>amortizaci\u00f3n y las p\u00e9rd<span class=\"_ _1\"></span>idas acumuladas p<span class=\"_ _1\"></span>or deterioro.  El activo por derech<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de uso se a<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ortizar\u00e1 al men<span class=\"_ _1\"></span>or entre el plaz<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de arrenda<span class=\"_ _1\"></span>miento y la vida \u00fatil<span class=\"_ _6\"></span> del activo subyacen<span class=\"_ _1\"></span>te. La amortiz<span class=\"_ _1\"></span>aci\u00f3n empieza en la<span class=\"_ _6\"></span> fecha de comienzo d<span class=\"_ _1\"></span>el arrendamiento en bas<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a u<span class=\"_ _1\"></span>n periodo <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>36 <span class=\"_ _e\"></span>a\u00f1os <span class=\"_ _e\"></span>contando <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>opci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>prorrogar <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>contratos, <span class=\"_ _e\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>inicial <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>26 a\u00f1os, por 2 peri<span class=\"_ _1\"></span>odos de 5 a\u00f1os cada un<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _38\"> </span>4.7<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Instrumentos financ<span class=\"_ _1\"></span>ieros Los instru<span class=\"_ _1\"></span>mentos fin<span class=\"_ _1\"></span>ancieros <span class=\"_ _1\"></span>se clasifican<span class=\"_ _6\"></span> en el <span class=\"_ _6\"></span>momento de <span class=\"_ _6\"></span>su reconocimient<span class=\"_ _6\"></span>o inicial c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>mo un<span class=\"_ _1\"></span> activ<span class=\"_ _1\"></span>o financiero, <span class=\"_ _0\"></span>un <span class=\"_ _e\"></span>pasivo <span class=\"_ _0\"></span>financiero <span class=\"_ _0\"></span>o <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>instrumento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>base <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>caracter\u00edsticas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los<span class=\"_ _38\"> </span>flujos de efectivo <span class=\"_ _1\"></span>contractuales del mis<span class=\"_ _1\"></span>mo.<span class=\"_ _38\"> </span>  Activos financier<span class=\"_ _1\"></span>os<span class=\"ff2 fs1 fc0\"> </span>no corrientes y corr<span class=\"_ _1\"></span>ientes excepto deriv<span class=\"_ _1\"></span>ados de cobertura<span class=\"_ _1\"></span>   Un <span class=\"_ _e\"></span>activo <span class=\"_ _c\"></span>financiero <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>clasifica <span class=\"_ _b\"></span>inicialmente<span class=\"_ _6\"></span> <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _e\"></span>amortizado<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>valor <span class=\"_ _b\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>cambios <span class=\"_ _b\"></span>en patrimonio <span class=\"_ _e\"></span>neto <span class=\"_ _b\"></span>o <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>resultados. <span class=\"_ _e\"></span>El <span class=\"_ _b\"></span>Grupo <span class=\"_ _e\"></span>\u00fanicamente <span class=\"_ _e\"></span>tiene <span class=\"_ _b\"></span>activo<span class=\"_ _1\"></span>s<span class=\"_ _38\"> </span>financieros <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>amortizado, <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>son <span class=\"_ _c\"></span>aquellos <span class=\"_ _e\"></span>activos <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>antenidos <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>fin <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>brar <span class=\"_ _b\"></span>flujos <span class=\"_ _b\"></span>de efectivo <span class=\"_ _e\"></span>contractuales <span class=\"_ _e\"></span>y, <span class=\"_ _e\"></span>seg\u00fan <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>condiciones <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>contrato, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>reciben <span class=\"_ _b\"></span>flujos <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>efectivo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>fechas espec\u00edficas que c<span class=\"_ _1\"></span>onstituyen exclusi<span class=\"_ _1\"></span>vamente pagos del <span class=\"_ _6\"></span>principal m\u00e1s intereses sob<span class=\"_ _1\"></span>re dicho principal. Forman <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>esta <span class=\"_ _0\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span><span class=\"ffa fs1\">\u201c</span>Deudores <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otras <span class=\"_ _0\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>cobrar<span class=\"ff7\">\u201d, <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>valoran </span>en el momento de su<span class=\"_ _6\"></span> reconocimiento en el <span class=\"_ _1\"></span>estado de situaci\u00f3n finan<span class=\"_ _1\"></span>ciera a su val<span class=\"_ _1\"></span>or de mercado. Valoraci\u00f3n posterio<span class=\"_ _1\"></span>r Los activos financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s se miden p<span class=\"_ _1\"></span>osteriormente a <span class=\"_ _1\"></span>su coste amortizado<span class=\"_ _1\"></span> utilizando el m\u00e9t<span class=\"_ _1\"></span>odo de tasa de inter\u00e9s efecti<span class=\"_ _1\"></span>va, menos el det<span class=\"_ _1\"></span>erioro. Las ganancias <span class=\"_ _1\"></span>y p\u00e9rdidas se regis<span class=\"_ _1\"></span>tran en resultados cu<span class=\"_ _1\"></span>ando el activo se da de baja,<span class=\"_ _6\"></span> se modifica o se deteriora.  Baja de activos financi<span class=\"_ _1\"></span>eros El Gru<span class=\"_ _1\"></span>po da <span class=\"_ _6\"></span>de baja <span class=\"_ _6\"></span>un activo <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>cuando <span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>piran <span class=\"_ _6\"></span>los derechos<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tractuales <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>flujos <span class=\"_ _1\"></span>de efectivo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mismo, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>cuando <span class=\"_ _1\"></span>transfiere <span class=\"_ _10\"></span>sustancialmente <span class=\"_ _6\"></span>todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _1\"></span>beneficios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>propiedad<span class=\"_ _6\"></span> del activo financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. Deterioro de activos<span class=\"_ _1\"></span> financieros<span class=\"_ _38\"> </span>El <span class=\"_ _c\"></span>Grupo <span class=\"_ _7\"></span>aplica <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>modelo<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>sim<span class=\"_ _0\"></span>plificad<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>p\u00e9rdidas <span class=\"_ _c\"></span>esperadas <span class=\"_ _c\"></span>establecido <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>NIIF <span class=\"_ _c\"></span>9, <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>cual, considera las p<span class=\"_ _1\"></span>\u00e9rdidas cred<span class=\"_ _1\"></span>iticias esperadas<span class=\"_ _1\"></span> durante la vida d<span class=\"_ _1\"></span>el contrato c<span class=\"_ _1\"></span>onsiderando la inf<span class=\"_ _1\"></span>ormaci\u00f3n disponible <span class=\"_ _b\"></span>sobre <span class=\"_ _e\"></span>eventos <span class=\"_ _b\"></span>pasados <span class=\"_ _b\"></span>(como <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>comport<span class=\"_ _1\"></span>amiento <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagos <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>clientes), <span class=\"_ _b\"></span>condicion<span class=\"_ _1\"></span>es actuales <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>elementos <span class=\"_ _b\"></span>prospectivos <span class=\"_ _b\"></span>(factores <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>acroec<span class=\"_ _1\"></span>on\u00f3micos <span class=\"_ _b\"></span>como <span class=\"_ _b\"></span>evoluci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>PI<span class=\"_ _0\"></span>B, <span class=\"_ _b\"></span>desempleo, inflaci\u00f3n, tipos de<span class=\"_ _1\"></span> inter\u00e9s) que pu<span class=\"_ _1\"></span>edan impactar en el <span class=\"_ _1\"></span>riesgo de cr\u00e9dito d<span class=\"_ _1\"></span>e los deudores del<span class=\"_ _1\"></span> Grupo.  Se <span class=\"_ _6\"></span>registran <span class=\"_ _1\"></span>las <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>la di<span class=\"_ _6\"></span>ferencia <span class=\"_ _1\"></span>existente <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el i<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>porte <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>recuperar<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>cobrar <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>valor <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>libros <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>encuentran <span class=\"_ _b\"></span>registrada<span class=\"_ _6\"></span>s <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>lo indicado en este<span class=\"_ _1\"></span> p\u00e1rrafo.<span class=\"_ _38\"> </span>Efectivo y otros a<span class=\"_ _1\"></span>ctivos l\u00edquidos<span class=\"_ _1\"></span> equivalentes  El efectivo y equivalentes<span class=\"_ _1\"></span> al efectivo incluyen el efecti<span class=\"_ _1\"></span>vo en caja, los dep\u00f3sitos a la vista en entidades<span class=\"_ _6\"></span> de cr\u00e9dito, otras in<span class=\"_ _6\"></span>versiones a corto plazo de<span class=\"_ _1\"></span> gran liquidez con un<span class=\"_ _1\"></span> vencimiento o<span class=\"_ _1\"></span>riginal de tres <span class=\"_ _1\"></span>meses o <span class=\"_ _1\"></span>menos, <span class=\"_ _6\"></span>y l<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>descubiertos<span class=\"_ _6\"></span> bancarios. <span class=\"_ _6\"></span>En <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>est<span class=\"_ _0\"></span>ado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>situaci\u00f3n financiera<span class=\"_ _6\"></span>, los <span class=\"_ _6\"></span>descubiertos <span class=\"_ _6\"></span>bancarios se clasifican c<span class=\"_ _1\"></span>omo recursos ajenos<span class=\"_ _1\"></span> en el pasivo corri<span class=\"_ _1\"></span>ente.<span class=\"_ _38\"> </span>Instrumentos fi<span class=\"_ _1\"></span>nancieros derivad<span class=\"_ _1\"></span>os y operaciones de co<span class=\"_ _1\"></span>bertura El Gru<span class=\"_ _1\"></span>po realiza <span class=\"_ _6\"></span>operaciones <span class=\"_ _6\"></span>en donde <span class=\"_ _1\"></span>asume riesg<span class=\"_ _6\"></span>os financieros <span class=\"_ _6\"></span>derivados fu<span class=\"_ _1\"></span>ndamentalmente <span class=\"_ _6\"></span>de las<span class=\"_ _1\"></span> variaciones de los tipos de inter\u00e9s <span class=\"_ _0\"></span>y en <span class=\"_ _0\"></span>los precios de mercado de venta de energ\u00eda. P<span class=\"_ _0\"></span>ara cubrir estas exposiciones, el<span class=\"_ _1\"></span> Grupo utiliza contratos de per<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>utas fi<span class=\"_ _1\"></span>nancieras.<span class=\"_ _38\"> </span>S\u00f3lo <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>designan <span class=\"_ _c\"></span>como <span class=\"_ _7\"></span>operaciones <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>cobertura<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>aquellas <span class=\"_ _7\"></span>que <span class=\"_ _7\"></span>eliminan <span class=\"_ _c\"></span>eficazmente <span class=\"_ _7\"></span>alg\u00fan <span class=\"_ _7\"></span>riesgo<span class=\"_ _1\"></span> inherente al <span class=\"_ _1\"></span>elemento o p<span class=\"_ _6\"></span>osici\u00f3n cubierta durante<span class=\"_ _1\"></span> todo el plaz<span class=\"_ _6\"></span>o previsto de cobe<span class=\"_ _1\"></span>rtura, lo qu<span class=\"_ _1\"></span>e implica que <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>contrataci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _1\"></span>espera <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>\u00e9sta <span class=\"_ _1\"></span>act\u00fae <span class=\"_ _10\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>alto <span class=\"_ _6\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>eficacia <span class=\"_ _6\"></span>(eficacia <span class=\"_ _6\"></span>prospectiva<span class=\"_ _1\"></span>) y <span class=\"_ _0\"></span>que exista <span class=\"_ _0\"></span>una ev<span class=\"_ _0\"></span>idencia suficiente de que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cobertura ha sido <span class=\"_ _0\"></span>eficaz <span class=\"_ _0\"></span>durante la <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>del elemento o posici\u00f3n cubierta <span class=\"_ _1\"></span>(eficacia retr<span class=\"_ _1\"></span>ospectiva).<span class=\"_ _38\"> </span>Al <span class=\"_ _e\"></span>principio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>cobertura, <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>designa <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>documenta <span class=\"_ _e\"></span>formalmente <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span> cobertura que<span class=\"_ _1\"></span> se desea <span class=\"_ _1\"></span>aplicar <span class=\"_ _1\"></span>y el <span class=\"_ _1\"></span>objetivo de <span class=\"_ _1\"></span>administraci\u00f3n <span class=\"_ _1\"></span>del riesg<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> y la <span class=\"_ _6\"></span>estrategia para ap<span class=\"_ _1\"></span>licar la<span class=\"_ _6\"></span> cobertura, en aplica<span class=\"_ _1\"></span>ci\u00f3n de la NIIF<span class=\"_ _1\"></span> 9.  La <span class=\"_ _c\"></span>documentaci\u00f3n <span class=\"_ _c\"></span>incluye <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>identificaci\u00f3n <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>instru<span class=\"_ _1\"></span>mento <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>cobertura,<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>elemento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>cubierto, <span class=\"_ _7\"></span>la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma en que el Grupo evaluar\u00e1 si <span class=\"_ _0\"></span>la relaci\u00f3n de cobertura cumple<span class=\"_ _1\"></span> los <span class=\"_ _5\"> </span>requisitos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>eficacia <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>cobertura <span class=\"_ _5\"> </span>(junto <span class=\"_ _3\"> </span>con <span class=\"_ _5\"> </span>su <span class=\"_ _3\"> </span>an\u00e1lisis <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>causas <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>ineficacia <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>la<span class=\"_ _6\"></span> cobertura <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>modo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>determinar <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>ratio<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura). <span class=\"_ _c\"></span>Una <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>cobertura <span class=\"_ _c\"></span>califica <span class=\"_ _c\"></span>para contabilidad de cobe<span class=\"_ _1\"></span>rturas si cumple c<span class=\"_ _1\"></span>on todos los sig<span class=\"_ _6\"></span>uientes requisitos de efectividad<span class=\"_ _1\"></span>:  - <span class=\"_ _1f\"> </span><span class=\"ff7\">Existe una \u201crelaci<span class=\"_ _1\"></span>\u00f3n econ\u00f3mica\u201d entre la<span class=\"_ _6\"></span> partida cubierta y el instrum<span class=\"_ _1\"></span>ento de cobertura <span class=\"ff4\"> </span></span>- <span class=\"_ _1f\"> </span><span class=\"ff7\">El <span class=\"_ _c\"></span>efecto <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cr\u00e9dito <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>\u201cdomina <span class=\"_ _c\"></span>los <span class=\"_ _7\"></span>cambi<span class=\"_ _1\"></span>os <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>valor\u201d <span class=\"_ _b\"></span>que <span class=\"_ _c\"></span>resulten <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>dicha </span>relaci\u00f3n econ\u00f3mica<span class=\"_ _1\"></span>  El <span class=\"_ _c\"></span>\u00edndice <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>cobertura <span class=\"_ _b\"></span>es <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>mismo <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>resultar\u00eda <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la partida <span class=\"_ _c\"></span>cubierta <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>realmente <span class=\"_ _c\"></span>cubre <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>instrumento <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el Grupo realmente utiliza <span class=\"_ _0\"></span>para cubrir <span class=\"_ _0\"></span>dicha cantidad de la <span class=\"_ _0\"></span>partida <span class=\"_ _0\"></span>cubierta<span class=\"ls10\">. </span>A <span class=\"_ _0\"></span>efectos de su <span class=\"_ _0\"></span>valoraci\u00f3n, el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>clasifica <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>operaciones <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>realizadas <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>categor\u00eda <span class=\"_ _b\"></span><span class=\"ff7\">\u201c</span>Coberturas <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>flujos <span class=\"_ _c\"></span>de efectivo<span class=\"ff7\">\u201d</span>. <span class=\"_ _b\"></span>Estas <span class=\"_ _c\"></span>operaciones <span class=\"_ _b\"></span>cubren <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>exposici\u00f3n <span class=\"_ _c\"></span>al <span class=\"_ _b\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>variaci\u00f3n <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>flujos <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>efectivo atribuibles a cambios en los tip<span class=\"_ _1\"></span>os de inter\u00e9s de los pr\u00e9stamos recibidos <span class=\"ls22\">y <span class=\"_ _0\"></span></span>para asegurar un precio fij<span class=\"_ _6\"></span>o<span class=\"_ _38\"> </span> en la venta de energ\u00eda<span class=\"_ _6\"></span> para determinados contrat<span class=\"_ _1\"></span>os<span class=\"ls10\">.<span class=\"_ _38\"> </span></span>Pasivos financieros<span class=\"_ _1\"></span> Los <span class=\"_ _6\"></span>pasivos <span class=\"_ _1\"></span>financieros<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>se cl<span class=\"_ _1\"></span>asifican <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>recono<span class=\"_ _1\"></span>cimiento <span class=\"_ _6\"></span>inicial, <span class=\"_ _6\"></span>seg\u00fan <span class=\"_ _6\"></span>corresponda, <span class=\"_ _6\"></span>como pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>resultados, <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y <span class=\"_ _b\"></span>obligaciones, <span class=\"_ _0\"></span>cuentas por pagar o deri<span class=\"_ _1\"></span>vados designad<span class=\"_ _1\"></span>os como instrumentos de cobertura <span class=\"_ _1\"></span>efectiva.  Todos <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>reconocen <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y obligaciones y las cu<span class=\"_ _6\"></span>entas por pagar se netean los c<span class=\"_ _1\"></span>ostos de transacci\u00f3n<span class=\"_ _1\"></span> directamente atribuib<span class=\"_ _1\"></span>les<span class=\"ls10\">. </span> Posteriormente<span class=\"_ _1\"></span>, los pasivos finan<span class=\"_ _1\"></span>cieros se valoran<span class=\"_ _1\"></span> a su coste am<span class=\"_ _1\"></span>ortizado, utiliza<span class=\"_ _1\"></span>ndo la tasa de inter<span class=\"_ _1\"></span>\u00e9s efectivo. Las <span class=\"_ _0\"></span>p\u00e9rdidas y <span class=\"_ _0\"></span>ganancias se reco<span class=\"_ _0\"></span>nocen en <span class=\"_ _0\"></span>el estado <span class=\"_ _0\"></span>de resultados <span class=\"_ _0\"></span>cuando se <span class=\"_ _0\"></span>dan de <span class=\"_ _0\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>pasivos, as\u00ed como los interes<span class=\"_ _1\"></span>es devengad<span class=\"_ _1\"></span>os de acuerdo con el <span class=\"_ _1\"></span>m\u00e9todo de tasa de inter<span class=\"_ _6\"></span>\u00e9s efectiva<span class=\"_ _38\"> </span>. Las deudas <span class=\"_ _1\"></span>financieras <span class=\"_ _1\"></span>se cl<span class=\"_ _1\"></span>asifican com<span class=\"_ _1\"></span>o pasivos <span class=\"_ _1\"></span>corrientes, a<span class=\"_ _1\"></span> menos q<span class=\"_ _1\"></span>ue su <span class=\"_ _1\"></span>vencimient<span class=\"_ _1\"></span>o tenga <span class=\"_ _1\"></span>lugar<span class=\"_ _38\"> </span> a <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>doce <span class=\"_ _0\"></span>meses <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>situaci\u00f3n financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>en cuyo <span class=\"_ _e\"></span>caso se reconocer\u00e1n c<span class=\"_ _1\"></span>omo no corrientes.<span class=\"_ _38\"> </span>4.<span class=\"ls0\">8 <span class=\"_ _19\"> </span>Pro<span class=\"_ _1\"></span>visiones y contingen<span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ias </span>Los <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resultan <span class=\"_ _0\"></span>indeterminados <span class=\"_ _0\"></span>respecto a <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>cancelar\u00e1n <span class=\"_ _e\"></span>se reconocen en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>estado <span class=\"_ _0\"></span>de situaci\u00f3<span class=\"_ _0\"></span>n financiera <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>provisiones<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>cuando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>tiene<span class=\"_ _6\"></span> una <span class=\"_ _e\"></span>obligaci\u00f3n <span class=\"_ _e\"></span>actual <span class=\"_ _b\"></span>(ya <span class=\"_ _e\"></span>sea <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>una <span class=\"_ _e\"></span>disposici\u00f3n <span class=\"_ _e\"></span>legal, <span class=\"_ _e\"></span>co<span class=\"_ _0\"></span>ntractual <span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>por <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>obligaci\u00f3n <span class=\"_ _e\"></span>impl\u00edcita <span class=\"_ _e\"></span><span class=\"ls23\">o </span>t\u00e1<span class=\"ls0\">cita), <span class=\"_ _c\"></span>surgida <span class=\"_ _c\"></span>como <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>nsecuencia <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>suces<span class=\"_ _1\"></span>os <span class=\"_ _c\"></span>pasados, <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>estima <span class=\"_ _7\"></span>probab<span class=\"_ _1\"></span>le <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>suponga <span class=\"_ _c\"></span><span class=\"lse\">una</span> </span>salida de recursos<span class=\"_ _1\"></span> para su liquid<span class=\"_ _1\"></span>aci\u00f3n <span class=\"ls25\">y </span>que es cuantifi<span class=\"_ _1\"></span>cable. A  la <span class=\"_ _8\"> </span>fecha <span class=\"_ _8\"> </span>de  formulaci\u00f3n  de <span class=\"_ _8\"> </span>las  presentes <span class=\"_ _8\"> </span>cuent<span class=\"_ _1\"></span>as <span class=\"_ _8\"> </span>anuales  consolidadas,  lo<span class=\"_ _0\"></span>s <span class=\"_ _8\"> </span>Adminis<span class=\"_ _6\"></span>tradores diferencian entre:<span class=\"_ _1\"></span> - <span class=\"_ _1c\"> </span><span class=\"ff8\">Provisiones:<span class=\"ff4\">  oblig<span class=\"_ _1\"></span>aciones <span class=\"_ _3\"> </span>existentes <span class=\"_ _3\"> </span>a  la  f<span class=\"_ _1\"></span>echa  de <span class=\"_ _3\"> </span>cierre  surg<span class=\"_ _1\"></span>idas  como  c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nsecuencia <span class=\"_ _3\"> </span>de </span></span>sucesos <span class=\"_ _e\"></span>pasados, <span class=\"_ _b\"></span>sobre <span class=\"_ _e\"></span>los <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>existe <span class=\"_ _e\"></span>incertidumbre <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>cuanto <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>cuant\u00eda <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>vencimiento<span class=\"_ _0\"></span>, pero de las que es probable que puedan<span class=\"_ _1\"></span> derivarse perjuicios patrimonial<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>para el Grupo y el importe de la deuda <span class=\"_ _1\"></span>correspondien<span class=\"_ _1\"></span>te se puede estima<span class=\"_ _1\"></span>r de manera fiabl<span class=\"_ _1\"></span>e. - <span class=\"_ _1c\"> </span><span class=\"ff8\">Pasivos contingentes:<span class=\"ff4\"> oblig<span class=\"_ _1\"></span>aciones posibles surgidas como consecuenci<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>de sucesos pasados,<span class=\"_ _1\"></span> </span></span>cuya  ma<span class=\"_ _1\"></span>terializaci\u00f3n <span class=\"_ _3\"> </span>est\u00e1 <span class=\"_ _3\"> </span>condicionada  a <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>ocurran <span class=\"_ _3\"> </span>o  no, <span class=\"_ _3\"> </span>uno <span class=\"_ _3\"> </span>o  m\u00e1s <span class=\"_ _3\"> </span>sucesos <span class=\"_ _3\"> </span>futuros inciertos <span class=\"_ _6\"></span>que n<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>est\u00e1n ent<span class=\"_ _6\"></span>eramente <span class=\"_ _1\"></span>bajo <span class=\"_ _6\"></span>el <span class=\"_ _1\"></span>control <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>Grupo <span class=\"_ _6\"></span>y no <span class=\"_ _10\"></span>cum<span class=\"_ _0\"></span>plen <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>requisitos <span class=\"_ _1\"></span>para<span class=\"_ _38\"> </span>poder <span class=\"_ _8\"> </span>reconocerl<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>como  prov<span class=\"_ _0\"></span>isiones <span class=\"_ _8\"> </span>y <span class=\"_ _8\"> </span>aquellas  obligaciones <span class=\"_ _8\"> </span>presentes,  surgidas <span class=\"_ _8\"> </span>como consecuencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sucesos <span class=\"_ _10\"></span>pasados, <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>probable <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>haya <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>salida <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>recursos para su liquidaci\u00f3n o que <span class=\"_ _0\"></span>no se pueden valorar con suficiente fiabilidad. Estos pasivos no so<span class=\"_ _0\"></span>n objeto de <span class=\"_ _6\"></span>registro c<span class=\"_ _1\"></span>ontable, <span class=\"_ _1\"></span>detall\u00e1ndose <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ismos e<span class=\"_ _6\"></span>n la <span class=\"_ _1\"></span>memoria, excep<span class=\"_ _6\"></span>to<span class=\"_ _0\"></span> cua<span class=\"_ _6\"></span>ndo la sali<span class=\"_ _1\"></span>da de recursos es rem<span class=\"_ _1\"></span>ota. En <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>caso, <span class=\"_ _b\"></span>las <span class=\"_ _0\"></span>provisiones <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>valoran <span class=\"_ _e\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>actual <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>mejor <span class=\"_ _0\"></span>estimaci\u00f3n <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sible <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>importe necesario <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>cancelar <span class=\"_ _6\"></span>o tran<span class=\"_ _1\"></span>sferir <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>tercero <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bligaci\u00f3n, <span class=\"_ _6\"></span>registr\u00e1ndos<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>que <span class=\"_ _1\"></span>surjan <span class=\"_ _6\"></span>por la <span class=\"_ _b\"></span>actualizaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>provisi\u00f3n <span class=\"_ _b\"></span>como <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>gasto <span class=\"_ _b\"></span>financiero<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>forme <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>van <span class=\"_ _b\"></span>devengan<span class=\"_ _1\"></span>do. <span class=\"_ _b\"></span>Cuando <span class=\"_ _b\"></span>se trata <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>provisiones <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>vencimiento<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>inferior <span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>igual <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>a\u00f1o, y<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>el ef<span class=\"_ _1\"></span>ecto <span class=\"_ _6\"></span>financiero <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>es sig<span class=\"_ _1\"></span>nificativo, no <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>lleva <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>cabo <span class=\"_ _e\"></span>ning\u00fan <span class=\"_ _e\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>descuento. <span class=\"_ _0\"></span>Las <span class=\"_ _e\"></span>provisiones <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>revisan <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>cierre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cada estado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>situaci\u00f3n <span class=\"_ _e\"></span>financi<span class=\"_ _1\"></span>ero <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>son <span class=\"_ _e\"></span>ajustadas <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bjetivo <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>reflejar <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>mejor <span class=\"_ _e\"></span>estimaci\u00f3n <span class=\"_ _0\"></span>actual del pasivo correspond<span class=\"_ _1\"></span>iente en cada <span class=\"_ _1\"></span>momento.  A <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cierre de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>presentes <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales consolidadas, el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>mantiene so<span class=\"_ _0\"></span>lo un <span class=\"_ _0\"></span>litigio por <span class=\"_ _0\"></span>importe de <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1 millones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros. <span class=\"_ _0\"></span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span><span class=\"lsb\">la</span>s <span class=\"_ _0\"></span>pruebas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>argumentos legales <span class=\"_ _0\"></span>presentados<span class=\"_ _1\"></span> se sostiene un<span class=\"_ _1\"></span>a sentencia d<span class=\"_ _6\"></span>ese<span class=\"_ _0\"></span>stimatoria<span class=\"_ _1\"></span> de las de<span class=\"_ _1\"></span>mandas interpue<span class=\"_ _1\"></span>stas contra<span class=\"_ _1\"></span> el Grupo, catal<span class=\"_ _1\"></span>ogando la probabilidad de fall<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> en contra del Grupo<span class=\"_ _1\"></span> como remoto.<span class=\"_ _38\"> </span>Los activos conting<span class=\"_ _1\"></span>entes del Grupo solo se<span class=\"_ _1\"></span> reconocen cua<span class=\"_ _1\"></span>ndo son virtualmente <span class=\"_ _1\"></span>ciertos<span class=\"_ _38\"> </span>4.10<span class=\"ls0\"> <span class=\"_ _23\"> </span>Impuestos sobre be<span class=\"_ _1\"></span>neficios. Acti<span class=\"_ _1\"></span>vos y pasivos por<span class=\"_ _1\"></span> impue<span class=\"_ _1\"></span>sto diferidos </span>El impu<span class=\"_ _1\"></span>esto <span class=\"_ _1\"></span>corriente <span class=\"_ _6\"></span>es la <span class=\"_ _6\"></span>cantidad a <span class=\"_ _6\"></span>pagar <span class=\"_ _1\"></span>o a<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>cuperar <span class=\"_ _6\"></span>por el <span class=\"_ _6\"></span>impuesto <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>ganancias <span class=\"_ _6\"></span>relativa a <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>ganancia <span class=\"_ _c\"></span>o <span class=\"_ _7\"></span>p\u00e9rdida <span class=\"_ _c\"></span>fiscal <span class=\"_ _c\"></span>consolidada <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>ejercicio. <span class=\"_ _c\"></span>Se <span class=\"_ _7\"></span>calcula <span class=\"_ _b\"></span>mediante <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>suma <span class=\"_ _7\"></span>del <span class=\"_ _c\"></span>impuesto<span class=\"_ _6\"></span> corriente, <span class=\"_ _6\"></span>que resulta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>aplicar <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>correspondiente <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de grava<span class=\"_ _1\"></span>men <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>la base <span class=\"_ _6\"></span>imponible <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>ejercicio menos <span class=\"_ _7\"></span>las <span class=\"_ _c\"></span>bonificaciones <span class=\"_ _c\"></span>y <span class=\"_ _7\"> </span>deducciones <span class=\"_ _7\"></span>existentes, <span class=\"_ _c\"></span>y <span class=\"_ _7\"> </span>de <span class=\"_ _7\"> </span>las <span class=\"_ _7\"></span>variaciones <span class=\"_ _c\"></span>producidas <span class=\"_ _c\"></span>durante <span class=\"_ _7\"></span>dicho ejercicio <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>activos <span class=\"_ _b\"></span>y <span class=\"_ _c\"></span>pasivos <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>impuestos <span class=\"_ _c\"></span>difer<span class=\"_ _1\"></span>idos <span class=\"_ _c\"></span>registrados. <span class=\"_ _b\"></span>Se <span class=\"_ _c\"></span>recon<span class=\"_ _1\"></span>oce <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>cuenta <span class=\"_ _c\"></span>de resultados, <span class=\"_ _8\"> </span>excepto <span class=\"_ _13\"> </span>cuando <span class=\"_ _13\"> </span>corr<span class=\"_ _1\"></span>esponde <span class=\"_ _13\"> </span>a <span class=\"_ _8\"> </span>transacciones <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>registran <span class=\"_ _13\"> </span>directam<span class=\"_ _1\"></span>ente <span class=\"_ _13\"> </span>en <span class=\"_ _8\"> </span>el patrimonio <span class=\"_ _10\"></span>neto, <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>cuyo <span class=\"_ _6\"></span>caso <span class=\"_ _10\"></span>el i<span class=\"_ _6\"></span>mpuesto <span class=\"_ _6\"></span>correspondiente <span class=\"_ _6\"></span>tambi\u00e9n <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registra <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _1\"></span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>neto.  Los i<span class=\"_ _1\"></span>mpuestos diferi<span class=\"_ _1\"></span>dos <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>registran <span class=\"_ _1\"></span>para las <span class=\"_ _6\"></span>diferencias <span class=\"_ _1\"></span>temporarias <span class=\"_ _6\"></span>existentes <span class=\"ls26\">en</span> la <span class=\"_ _6\"></span>fecha del <span class=\"_ _1\"></span>estado de situaci\u00f3n fin<span class=\"_ _1\"></span>anciera <span class=\"_ _1\"></span>consolidada entre la <span class=\"_ _6\"></span>base fiscal <span class=\"_ _1\"></span>de los activ<span class=\"_ _1\"></span>os y pasi<span class=\"_ _1\"></span>vos y s<span class=\"_ _1\"></span>us valores c<span class=\"_ _1\"></span>ontables a <span class=\"_ _e\"></span>fecha <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cierre. <span class=\"_ _0\"></span>Se <span class=\"_ _e\"></span>considera <span class=\"_ _e\"></span>como <span class=\"_ _0\"></span>base <span class=\"_ _e\"></span>fiscal <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>elemento <span class=\"_ _e\"></span>patrimonial <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>importe <span class=\"_ _e\"></span>atribuido <span class=\"_ _0\"></span>al mismo a efectos fis<span class=\"_ _1\"></span>cales.  El <span class=\"_ _b\"></span>efecto <span class=\"_ _c\"></span>imposi<span class=\"_ _1\"></span>tivo <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>diferencias <span class=\"_ _b\"></span>temporarias <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>incluye <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>correspondientes <span class=\"_ _b\"></span>ep\u00edgrafes <span class=\"_ _b\"></span>de \u201cActivos por impues<span class=\"_ _1\"></span>to diferido\u201d y <span class=\"_ _1\"></span>\u201cPasivos por impu<span class=\"_ _1\"></span>esto diferido\u201d del <span class=\"ff4\">estado de<span class=\"_ _1\"></span> situaci\u00f3n financi<span class=\"_ _1\"></span>era. </span>El <span class=\"_ _6\"></span>Grupo reconoc<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>un <span class=\"_ _6\"></span>pasivo por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _1\"></span>para <span class=\"_ _6\"></span>todas las <span class=\"_ _6\"></span>diferencias <span class=\"_ _6\"></span>temporarias <span class=\"_ _6\"></span>imponibles<span class=\"ls27\">, </span>salvo, en su caso, para l<span class=\"_ _6\"></span>as excepciones previstas en la <span class=\"_ _6\"></span>no<span class=\"_ _0\"></span>rmativa vigen<span class=\"_ _1\"></span>te.<span class=\"_ _38\"> </span> El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>reconoce <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>para <span class=\"_ _10\"></span>to<span class=\"_ _0\"></span>das <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>diferencias <span class=\"_ _10\"></span>temporarias <span class=\"_ _6\"></span>deducibles,<span class=\"_ _6\"></span> cr\u00e9ditos <span class=\"_ _e\"></span>fiscales <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>utilizad<span class=\"_ _1\"></span>os <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>bases <span class=\"_ _e\"></span>imponibles <span class=\"_ _e\"></span>negativas <span class=\"_ _e\"></span>pendien<span class=\"_ _1\"></span>tes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>compensar, <span class=\"_ _0\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>medida<span class=\"_ _0\"></span> en  que <span class=\"_ _8\"> </span>resulte  probable  que  el  Grupo <span class=\"_ _8\"> </span>disponga  de  ganancias  fiscales <span class=\"_ _8\"> </span>futur<span class=\"_ _1\"></span>as  que <span class=\"_ _8\"> </span>permitan  la<span class=\"_ _6\"></span> aplicaci\u00f3n de estos<span class=\"_ _1\"></span> activos, salvo, <span class=\"_ _1\"></span>en su caso, para las <span class=\"_ _1\"></span>excepciones previ<span class=\"_ _1\"></span>stas en la nor<span class=\"_ _1\"></span>mativa vigente. En la f<span class=\"_ _6\"></span>echa de cier<span class=\"_ _1\"></span>re de <span class=\"_ _1\"></span>cada ejer<span class=\"_ _1\"></span>cicio el <span class=\"_ _6\"></span>Grupo eval\u00faa l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s activ<span class=\"_ _1\"></span>os por<span class=\"_ _1\"></span> impuesto <span class=\"_ _1\"></span>diferido r<span class=\"_ _6\"></span>econocidos <span class=\"ls22\">y </span>aquellos <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>no <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>han <span class=\"_ _e\"></span>reconocid<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>anteriormen<span class=\"_ _1\"></span>te. <span class=\"_ _0\"></span>En <span class=\"_ _e\"></span>base <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>tal <span class=\"_ _e\"></span>evaluaci\u00f3n, <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>procede <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>dar de <span class=\"_ _e\"></span>baja <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>activo <span class=\"_ _e\"></span>reconocido <span class=\"_ _e\"></span>anteriormente <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>ya <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>resulta <span class=\"_ _e\"></span>probable <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>recuperaci\u00f3n, <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>procede <span class=\"_ _e\"></span>a registrar <span class=\"_ _c\"></span>cualquier <span class=\"_ _c\"></span>activo <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>impuesto <span class=\"_ _c\"></span>diferido <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>reconocido <span class=\"_ _b\"></span>anteriormente <span class=\"_ _c\"></span>siempre <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>resulte probable que el Grup<span class=\"_ _1\"></span>o disponga de ganancias<span class=\"_ _1\"></span> fiscales fu<span class=\"_ _1\"></span>turas que permitan su<span class=\"_ _1\"></span> aplicaci\u00f3n.  Los <span class=\"_ _5\"> </span>activos <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>pasivos <span class=\"_ _5\"> </span>por <span class=\"_ _7\"> </span>impuesto <span class=\"_ _3\"> </span>diferid<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>se <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>aloran<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>los <span class=\"_ _5\"> </span>tipos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>gravam<span class=\"_ _1\"></span>en <span class=\"_ _5\"> </span>esperados <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>el<span class=\"_ _1\"></span> momento <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>reversi\u00f3n, <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>normativa <span class=\"_ _e\"></span>vigente <span class=\"_ _e\"></span>aprobada, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>acuerdo <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>forma <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>que racionalmente se<span class=\"_ _1\"></span> espera recup<span class=\"_ _1\"></span>erar o pagar el activo<span class=\"_ _1\"></span> o pasivo por impuesto diferi<span class=\"_ _1\"></span>do.  Los activo<span class=\"_ _1\"></span>s y pasiv<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s por <span class=\"_ _1\"></span>impuesto <span class=\"_ _1\"></span>diferido n<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> se <span class=\"_ _1\"></span>descuentan <span class=\"_ _1\"></span>y se <span class=\"_ _6\"></span>clasifican como <span class=\"_ _6\"></span>activos y pasivos<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span> corrientes, indep<span class=\"_ _1\"></span>endientemente de la<span class=\"_ _1\"></span> fecha esperad<span class=\"_ _1\"></span>a de realizaci\u00f3n o liqu<span class=\"_ _1\"></span>idaci\u00f3n<span class=\"ls10\">. </span> Las <span class=\"_ _1\"></span>diferencias <span class=\"_ _6\"></span>temporarias<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>derivadas <span class=\"_ _6\"></span>de la<span class=\"_ _1\"></span>s <span class=\"_ _1\"></span>eliminaci<span class=\"_ _1\"></span>ones <span class=\"_ _6\"></span>de result<span class=\"_ _1\"></span>ados <span class=\"_ _6\"></span>entre las<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>empresas <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>grupo<span class=\"_ _38\"> </span>fiscal <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>reconocen <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>sociedad <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>ha <span class=\"_ _b\"></span>generado <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>resultado <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>valoran <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>impositivo aplicable a la mis<span class=\"_ _1\"></span>ma.<span class=\"_ _38\"> </span>Por <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>resultados fiscales <span class=\"_ _0\"></span>negativos <span class=\"_ _0\"></span>procedentes de <span class=\"_ _0\"></span>algunas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>sociedades del <span class=\"_ _0\"></span>Grupo<span class=\"_ _1\"></span> que <span class=\"_ _0\"></span>han <span class=\"_ _e\"></span>sido <span class=\"_ _0\"></span>compensados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>resto <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>sociedades <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>consolidad<span class=\"_ _1\"></span>o, <span class=\"_ _0\"></span>surge <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>cr\u00e9dito y d\u00e9bito rec\u00edproco entre <span class=\"_ _0\"></span>las sociedades a <span class=\"_ _0\"></span>las que co<span class=\"_ _0\"></span>rres<span class=\"_ _1\"></span>ponden <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>las sociedades que lo <span class=\"_ _0\"></span>compensan<span class=\"ls10\">. </span>En caso <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>exista <span class=\"_ _c\"></span>un <span class=\"_ _c\"></span>resultado <span class=\"_ _c\"></span>fiscal <span class=\"_ _c\"></span>negativo <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>no <span class=\"_ _7\"></span>pueda<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>ser <span class=\"_ _7\"></span>compensad<span class=\"_ _1\"></span>o <span class=\"_ _c\"></span>por <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>resto <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>las sociedades  del  grupo  fiscal  consolidado,  estos  cr\u00e9ditos  fiscales <span class=\"_ _8\"> </span>p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r  p\u00e9rdidas  compensables  son reconocidos <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>activos <span class=\"_ _17\"> </span>por <span class=\"_ _12\"> </span>im<span class=\"_ _0\"></span>puest<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>diferido <span class=\"_ _12\"> </span>siguiendo <span class=\"_ _12\"> </span>los <span class=\"_ _17\"> </span>criterios <span class=\"_ _12\"> </span>establecidos <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>su reconocimient<span class=\"_ _1\"></span>o, considerando el grupo<span class=\"_ _1\"></span> fiscal como su<span class=\"_ _1\"></span>jeto pasivo. Solaria <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Medio <span class=\"_ _1\"></span>Ambien<span class=\"_ _1\"></span>te, S.<span class=\"_ _1\"></span>A. <span class=\"_ _6\"></span>es la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>dominante <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>grupo fisc<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>espa\u00f1ol, <span class=\"_ _6\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _6\"></span>registra<span class=\"_ _38\"> </span>el <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>total a<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pagar <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>devolver <span class=\"_ _6\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>Impuesto <span class=\"_ _6\"></span>sobre S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ciedades <span class=\"_ _10\"></span>co<span class=\"_ _0\"></span>nsolida<span class=\"_ _1\"></span>do <span class=\"_ _1\"></span>con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>o abon<span class=\"_ _6\"></span>o a cr\u00e9ditos o a deud<span class=\"_ _1\"></span>as con empresas del Gru<span class=\"_ _1\"></span>po y asocia<span class=\"_ _1\"></span>das<span class=\"_ _38\"> </span>. En <span class=\"_ _6\"></span>relaci\u00f3n c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>la m<span class=\"_ _1\"></span>odificaci\u00f3n <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el I<span class=\"_ _1\"></span>mpuesto <span class=\"_ _6\"></span>sobre <span class=\"_ _1\"></span>Sociedades <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>materia <span class=\"_ _6\"></span>de di<span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>idendos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>plusval\u00edas contemplada <span class=\"_ _0\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>Ley <span class=\"_ _b\"></span>11/2020, <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>30 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre, <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>Presupuest<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>Generales <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>Estado <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el a\u00f1o 2021, publicada en el BOE <span class=\"_ _0\"></span>de 31 de diciembre de 2020, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>cuanto a la exenci\u00f3n prevista para las rentas <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>art\u00edculo <span class=\"_ _b\"></span>21 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>LIS <span class=\"_ _b\"></span>cuando <span class=\"_ _b\"></span>proceden <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>participaciones <span class=\"_ _e\"></span>superiores <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>5% <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>un superior <span class=\"_ _6\"></span>a 20 <span class=\"_ _6\"></span>millones <span class=\"_ _6\"></span>y que <span class=\"_ _1\"></span>sean <span class=\"_ _6\"></span>espa\u00f1olas <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>esidentes en <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>pa\u00eds <span class=\"_ _1\"></span>con <span class=\"_ _6\"></span>convenio <span class=\"_ _1\"></span>de dobl<span class=\"_ _6\"></span>e imposici\u00f3n<span class=\"_ _6\"></span> o <span class=\"_ _7\"></span>tributaci\u00f3n <span class=\"_ _c\"></span>nominal <span class=\"_ _c\"></span>m\u00ednima <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>10%, <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>hasta <span class=\"_ _c\"></span>ahora <span class=\"_ _7\"></span>estaban <span class=\"_ _c\"></span>exentas <span class=\"_ _7\"></span>al <span class=\"_ _c\"></span>100%, <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>limita <span class=\"_ _7\"></span>dicha exenci\u00f3n desde l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s ejercici<span class=\"_ _1\"></span>os iniciados a partir<span class=\"_ _6\"></span> de 1 de enero de<span class=\"_ _1\"></span> 2021, a un <span class=\"_ _1\"></span>95% de la renta<span class=\"_ _6\"></span> puesta de manifiesto, <span class=\"_ _6\"></span>lo que, <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>pr\u00e1ctica, <span class=\"_ _1\"></span>supone <span class=\"_ _6\"></span>la tributaci\u00f3<span class=\"_ _1\"></span>n efec<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>de un <span class=\"_ _6\"></span>1,25% <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>dividendo distribu<span class=\"_ _1\"></span>ido o <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>la <span class=\"_ _5\"> </span>plusval\u00eda <span class=\"_ _7\"></span>materializad<span class=\"_ _1\"></span>a. <span class=\"_ _7\"> </span>En <span class=\"_ _5\"> </span>relaci\u00f3n <span class=\"_ _5\"> </span>con <span class=\"_ _7\"> </span>esta <span class=\"_ _7\"> </span>m<span class=\"_ _0\"></span>ateria, <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>Grupo <span class=\"_ _7\"></span>no <span class=\"_ _5\"> </span>registra <span class=\"_ _7\"></span>un <span class=\"_ _7\"> </span>pasivo <span class=\"_ _5\"> </span>por impuesto <span class=\"_ _e\"></span>diferido <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>considerar <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>puede <span class=\"_ _b\"></span>controlar <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>momento <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>reversi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>diferencia <span class=\"_ _b\"></span>y adem\u00e1s que es probab<span class=\"_ _1\"></span>le que tal diferencia n<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> revierta en un<span class=\"_ _1\"></span> futuro previsible.<span class=\"_ _1\"></span> De <span class=\"_ _e\"></span>acuerdo co<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>Disposici\u00f3n <span class=\"_ _0\"></span>adicional <span class=\"_ _0\"></span>19\u00aa <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>Ley <span class=\"_ _0\"></span>38/2022, <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>27 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>diciembre, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Ley <span class=\"_ _e\"></span>7/2024<span class=\"ls27\">, </span>para los <span class=\"_ _0\"></span>per\u00edodos <span class=\"_ _0\"></span>impositivos iniciados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>a\u00f1o <span class=\"_ _0\"></span>2023, 2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2025, <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>efectos de <span class=\"_ _0\"></span>determinar la <span class=\"_ _0\"></span>base imponible <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>grupo <span class=\"_ _e\"></span>fiscal, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>toma <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>100% <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>bases <span class=\"_ _e\"></span>imponibles <span class=\"_ _e\"></span>individuale<span class=\"_ _1\"></span>s <span class=\"_ _e\"></span>po<span class=\"_ _0\"></span>sitivas, <span class=\"_ _0\"></span>y <span class=\"_ _b\"></span>solo <span class=\"_ _0\"></span>el<span class=\"_ _38\"> </span>50% de las <span class=\"_ _6\"></span>bases imponible<span class=\"_ _1\"></span>s individuales <span class=\"_ _1\"></span>negativas q<span class=\"_ _1\"></span>ue hayan generad<span class=\"_ _6\"></span>o las entidades <span class=\"_ _1\"></span>integrantes <span class=\"_ _1\"></span>del grupo.  Las <span class=\"_ _0\"></span>bases <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ponibles<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>negativas <span class=\"_ _e\"></span>individu<span class=\"_ _1\"></span>ales <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>no <span class=\"_ _0\"></span>sean <span class=\"_ _0\"></span>compensadas <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>incorpor\u00e1n <span class=\"_ _0\"></span>a la <span class=\"_ _3\"> </span>base <span class=\"_ _3\"> </span>imponible <span class=\"_ _3\"> </span>del <span class=\"_ _3\"> </span>Grupo <span class=\"_ _3\"> </span>en <span class=\"_ _3\"> </span>los  p<span class=\"_ _1\"></span>er\u00edodos <span class=\"_ _3\"> </span>impos<span class=\"_ _1\"></span>itivos <span class=\"_ _3\"> </span>siguientes, <span class=\"_ _3\"> </span>distribuy<span class=\"_ _1\"></span>\u00e9ndose <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>manera equitativa a lo largo <span class=\"_ _0\"></span>de los diez primeros per\u00edodos imp<span class=\"_ _1\"></span>ositivos que comiencen a partir del 1 de enero de 2024, <span class=\"_ _1\"></span>2025 <span class=\"_ _1\"></span>y 2026 seg\u00fa<span class=\"_ _6\"></span>n corresponda. Es i<span class=\"_ _1\"></span>mportante <span class=\"_ _1\"></span>se\u00f1alar que <span class=\"_ _6\"></span>esta integraci\u00f3n <span class=\"_ _1\"></span>no est\u00e1<span class=\"_ _1\"></span> sujeta <span class=\"_ _1\"></span>a que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>imponible <span class=\"_ _0\"></span>individual de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>entidad <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>gener\u00f3 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>imponible <span class=\"_ _0\"></span>negativa <span class=\"_ _0\"></span>pendiente sea positiva, <span class=\"_ _e\"></span>ni <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>imponible <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>Grupo <span class=\"_ _0\"></span>antes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>esta <span class=\"_ _b\"></span>integraci\u00f3n <span class=\"_ _0\"></span>sea <span class=\"_ _e\"></span>positiva, <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>lo <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>los l\u00edmites del grupo en fun<span class=\"_ _1\"></span>ci\u00f3n del imp<span class=\"_ _1\"></span>orte neto de la cif<span class=\"_ _1\"></span>ra de negocios no son<span class=\"_ _1\"></span> aplicables. En cuanto a la inconstitu<span class=\"_ _6\"></span>cionalidad Real  <span class=\"_ _24\"></span>Decreto-ley  3<span class=\"_ _1\"></span>/2016,  el  Gr<span class=\"_ _6\"></span>upo  no  present\u00f3  reclama<span class=\"_ _1\"></span>ciones, como resultado, n<span class=\"_ _1\"></span>o ha tenido un impa<span class=\"_ _1\"></span>cto en los estad<span class=\"_ _1\"></span>os de situaci\u00f3n financiera<span class=\"_ _6\"></span> consolidados.<span class=\"_ _38\"> </span>4.12 <span class=\"_ _23\"> </span>Ac<span class=\"_ _0\"></span>tivos no<span class=\"_ _1\"></span> corrientes man<span class=\"_ _6\"></span>tenidos para la venta  El Grupo clasific<span class=\"_ _1\"></span>a los activo<span class=\"_ _1\"></span>s no corrientes <span class=\"_ _1\"></span>y los grupos<span class=\"_ _1\"></span> enajenables como <span class=\"_ _1\"></span>mantenidos para<span class=\"_ _1\"></span> la venta si<span class=\"_ _6\"></span> sus <span class=\"_ _e\"></span>importes<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>libros <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>recuperar\u00e1n <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>trav\u00e9s <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _e\"></span>transacci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>venta <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>lugar<span class=\"_ _6\"></span> de <span class=\"_ _3\"> </span>por <span class=\"_ _5\"> </span>su <span class=\"_ _3\"> </span>uso <span class=\"_ _3\"> </span>continuado. <span class=\"_ _5\"> </span>Los  acti<span class=\"_ _6\"></span>vos  no <span class=\"_ _5\"> </span>corrientes <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>los <span class=\"_ _3\"> </span>grupos <span class=\"_ _3\"> </span>enajenable<span class=\"_ _1\"></span>s <span class=\"_ _3\"> </span>clasificados <span class=\"_ _5\"> </span>como mantenidos <span class=\"_ _b\"></span>para <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>venta <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>miden <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>menor <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _b\"></span>entre <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>importe <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>libros <span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _b\"></span>razonable<span class=\"_ _1\"></span> menos l<span class=\"_ _6\"></span>os costes <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>venta. <span class=\"_ _6\"></span>Lo<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>costes de <span class=\"_ _6\"></span>venta s<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>n aq<span class=\"_ _6\"></span>uellos directa<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>atribuib<span class=\"_ _1\"></span>les a<span class=\"_ _1\"></span> la <span class=\"_ _6\"></span>enajenaci\u00f3n<span class=\"_ _1\"></span> de un activo (grupo <span class=\"_ _0\"></span>de enajenaci\u00f3n), excluyend<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> los cost<span class=\"_ _0\"></span>es financier<span class=\"lsa\">os</span> y el gasto por impuesto sobre beneficios. Los criteri<span class=\"_ _1\"></span>os para la clasifi<span class=\"_ _6\"></span>caci\u00f3n de mantenid<span class=\"_ _1\"></span>os para l<span class=\"_ _1\"></span>a venta se c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nsideran cump<span class=\"_ _1\"></span>lidos solo cuan<span class=\"_ _1\"></span>do la venta <span class=\"_ _3\"> </span>sea <span class=\"_ _3\"> </span>altam<span class=\"_ _1\"></span>ente <span class=\"_ _3\"> </span>probable <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>el  a<span class=\"_ _6\"></span>ctivo  o<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>grupo <span class=\"_ _5\"> </span>de  enaj<span class=\"_ _1\"></span>enaci\u00f3n <span class=\"_ _3\"> </span>est\u00e9 <span class=\"_ _3\"> </span>disponib<span class=\"_ _1\"></span>le <span class=\"_ _3\"> </span>para <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>venta inmediata en su condici<span class=\"_ _1\"></span>\u00f3n actual. Las acciones nece<span class=\"_ _1\"></span>sarias para complet<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span><span class=\"ls15\">su</span> venta deben indicar q<span class=\"_ _1\"></span>ue es <span class=\"_ _c\"></span>poco <span class=\"_ _7\"></span>probable <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>realicen <span class=\"_ _c\"></span>cambi<span class=\"_ _1\"></span>os <span class=\"_ _7\"></span>significati<span class=\"_ _1\"></span>vos <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>venta <span class=\"_ _c\"></span>o <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>retire <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>decisi\u00f3n <span class=\"_ _c\"></span>de vender. La Direcci\u00f3n <span class=\"_ _0\"></span>debe estar comprometida con el plan de <span class=\"_ _0\"></span>venta del <span class=\"_ _0\"></span>activo y se <span class=\"_ _0\"></span>debe <span class=\"_ _0\"></span>espera<span class=\"ls29\">r </span>que la venta se comple<span class=\"_ _1\"></span>te <span class=\"lsd\">en</span> un a\u00f1o a partir<span class=\"_ _6\"></span> de la fecha de <span class=\"ls15\">su</span> clasificaci\u00f3n.<span class=\"_ _6\"></span> Los <span class=\"_ _8\"> </span>activ<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>del  inmovilizado  m<span class=\"_ _0\"></span>aterial  e <span class=\"_ _8\"> </span>intangibles  no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>am<span class=\"_ _1\"></span>ortizan <span class=\"_ _8\"> </span>una  vez <span class=\"_ _8\"> </span>clasificad<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>como<span class=\"_ _1\"></span> mantenidos para la<span class=\"_ _1\"></span> venta.  Los <span class=\"_ _b\"></span>activos <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>pasivos <span class=\"_ _b\"></span>clasificados <span class=\"_ _b\"></span>como <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>antenidos <span class=\"_ _e\"></span>para <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>venta <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>presentan <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>separado <span class=\"_ _b\"></span>como partidas corriente<span class=\"_ _1\"></span>s en el estado de situaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n financiera (Nota 7<span class=\"_ _1\"></span> y 11.2). 4.<span class=\"ls0\">13 <span class=\"_ _23\"> </span>Clasificaci\u00f3n de los a<span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>tivos y pas<span class=\"_ _1\"></span>ivos entre corrientes <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> no corrientes </span>Los <span class=\"_ _0\"></span>activos y <span class=\"_ _0\"></span>pasivos se <span class=\"_ _0\"></span>presentan en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ado de <span class=\"_ _0\"></span>situaci\u00f3n financiera clasificados entre <span class=\"_ _0\"></span>corrientes y no <span class=\"_ _3\"> </span>corrientes. <span class=\"_ _3\"> </span>A <span class=\"_ _3\"> </span>estos <span class=\"_ _3\"> </span>efectos, <span class=\"_ _3\"> </span>los <span class=\"_ _3\"> </span>activ<span class=\"_ _1\"></span>os  y <span class=\"_ _5\"> </span>pasivos <span class=\"_ _3\"> </span>se  clasi<span class=\"_ _1\"></span>fican <span class=\"_ _3\"> </span>como <span class=\"_ _3\"> </span>corrientes <span class=\"_ _5\"> </span>cuando  est\u00e1n<span class=\"_ _6\"></span> vinculados al ci<span class=\"_ _1\"></span>clo normal de expl<span class=\"_ _1\"></span>otaci\u00f3n del Grupo y<span class=\"_ _1\"></span> se esperan <span class=\"_ _1\"></span>vender, consum<span class=\"_ _1\"></span>ir, realizar o liquida<span class=\"_ _6\"></span>r en <span class=\"_ _6\"></span>el tran<span class=\"_ _1\"></span>scurso <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mismo, <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>diferentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los ant<span class=\"_ _6\"></span>eriores <span class=\"_ _1\"></span>y <span class=\"_ _6\"></span>su <span class=\"_ _1\"></span>vencimiento, <span class=\"_ _6\"></span>enajenaci\u00f3n <span class=\"_ _10\"></span>o realizaci<span class=\"_ _6\"></span>\u00f3n se espera que <span class=\"_ _6\"></span>se produzca en <span class=\"_ _6\"></span>el plazo m\u00e1ximo d<span class=\"_ _6\"></span>e un a\u00f1o; se <span class=\"_ _1\"></span>mantienen c<span class=\"_ _1\"></span>on fines <span class=\"_ _1\"></span>de negociaci<span class=\"_ _1\"></span>\u00f3n o s<span class=\"_ _1\"></span>e trata <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>efectivo <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>otros <span class=\"_ _7\"> </span>activos <span class=\"_ _5\"> </span>l\u00edquidos <span class=\"_ _5\"> </span>equivalentes <span class=\"_ _7\"></span>cuya <span class=\"_ _7\"> </span>utilizaci\u00f3n <span class=\"_ _5\"> </span>no <span class=\"_ _7\"> </span>est\u00e1 <span class=\"_ _5\"> </span>restringida <span class=\"_ _7\"> </span>por <span class=\"_ _5\"> </span>un periodo superi<span class=\"_ _1\"></span>or a un a\u00f1o. En caso contrari<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> se clasifican<span class=\"_ _1\"></span> como activos y pasiv<span class=\"_ _1\"></span>os no corrient<span class=\"_ _1\"></span>es. El ciclo normal d<span class=\"_ _1\"></span>e explotaci\u00f3n es<span class=\"_ _1\"></span> inferior a un a\u00f1<span class=\"_ _1\"></span>o para todas las ac<span class=\"_ _1\"></span>tividades",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-395": {
   "value": "4.2 <span class=\"_ _19\"> </span>Activo<span class=\"_ _1\"></span>s intangibles Los <span class=\"_ _b\"></span>activos <span class=\"_ _b\"></span>intangibles <span class=\"_ _b\"></span>adquiridos <span class=\"_ _e\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>Grupo <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>valoran <span class=\"_ _b\"></span>inicialmente <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>su <span class=\"_ _c\"></span>coste, <span class=\"_ _b\"></span>ya <span class=\"_ _b\"></span>sea <span class=\"_ _b\"></span>\u00e9ste <span class=\"_ _b\"></span>el precio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>adquisici\u00f3n <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>producci\u00f3n. <span class=\"_ _e\"></span>Despu\u00e9s <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>reconocimiento <span class=\"_ _b\"></span>inicial, <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>inmovilizado intangible  se  valora  por  su  coste,  menos  la  amortizaci\u00f3n  acumulada  y,  en  su  caso,  el  importe acumulado <span class=\"_ _18\"> </span>de <span class=\"_ _f\"> </span>las <span class=\"_ _f\"> </span>correcciones <span class=\"_ _f\"> </span>por <span class=\"_ _f\"> </span>deterioro <span class=\"_ _18\"> </span>registradas. <span class=\"_ _f\"> </span>Los <span class=\"_ _18\"> </span>activos <span class=\"_ _f\"> </span>intangibles <span class=\"_ _18\"> </span>generados internamente, <span class=\"_ _18\"> </span>excluyendo <span class=\"_ _f\"> </span>los <span class=\"_ _f\"> </span>gastos <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>desarrollo <span class=\"_ _f\"> </span>capitalizados, <span class=\"_ _18\"> </span>no <span class=\"_ _16\"> </span>se <span class=\"_ _f\"> </span>activan, <span class=\"_ _18\"> </span>y <span class=\"_ _f\"> </span>el <span class=\"_ _16\"> </span>gast<span class=\"_ _1\"></span>o<span class=\"_ _38\"> </span>correspondiente se<span class=\"_ _1\"></span> registra en la cuenta de<span class=\"_ _1\"></span> resultados del ej<span class=\"_ _1\"></span>ercicio en el que<span class=\"_ _6\"></span> se<span class=\"_ _0\"></span> hayan incurrid<span class=\"_ _1\"></span>o. Los <span class=\"_ _5\"> </span>activos <span class=\"_ _7\"> </span>intangibles <span class=\"_ _5\"> </span>se <span class=\"_ _7\"> </span>amortizan <span class=\"_ _5\"> </span>sistem\u00e1ticamen<span class=\"_ _1\"></span>te <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>forma <span class=\"_ _5\"> </span>lineal <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>funci\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span><span class=\"ls15\">su</span> <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>ida <span class=\"_ _5\"> </span>\u00fatil estimada <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>residual. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>\u00e9todos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>periodos <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>amortizaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _e\"></span>aplicados so<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>revisados <span class=\"_ _0\"></span>en<span class=\"_ _1\"></span> cada cierre de ejerci<span class=\"_ _6\"></span>cio y, si procede, ajustad<span class=\"_ _1\"></span>os de forma pr<span class=\"_ _1\"></span>ospectiva.  Los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>intangibles \u00fanicamente <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocer\u00e1n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>si: <span class=\"_ _0\"></span>(a) <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>probable <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>beneficios econ\u00f3micos<span class=\"_ _1\"></span> futuros atribuib<span class=\"_ _1\"></span>les al activo<span class=\"_ _1\"></span> afluyan a la<span class=\"_ _1\"></span> entidad, y (b)<span class=\"_ _1\"></span> el coste del<span class=\"_ _6\"></span> activo puede ser valorad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de for<span class=\"_ _1\"></span>ma fiable.  La <span class=\"_ _3\"> </span>entidad  evalu<span class=\"_ _1\"></span>ar\u00e1  la <span class=\"_ _3\"> </span>probabilidad  d<span class=\"_ _1\"></span>e  obtener  benefici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s  econ<span class=\"_ _1\"></span>\u00f3micos  fu<span class=\"_ _1\"></span>turos  utilizan<span class=\"_ _1\"></span>do hip\u00f3tesis raz<span class=\"_ _1\"></span>onables y <span class=\"_ _1\"></span>fundad<span class=\"_ _1\"></span>as que repre<span class=\"_ _6\"></span>senten las mej<span class=\"_ _1\"></span>ores estima<span class=\"_ _1\"></span>ciones de <span class=\"_ _1\"></span>la direcci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n resp<span class=\"_ _1\"></span>ecto al<span class=\"_ _6\"></span> conjunto de condici<span class=\"_ _1\"></span>ones econ\u00f3micas<span class=\"_ _1\"></span> que existir\u00e1n dur<span class=\"_ _1\"></span>ante la vida \u00fatil d<span class=\"_ _1\"></span>el activo. Patentes y marcas<span class=\"_ _1\"></span> El <span class=\"_ _3\"> </span>Grupo <span class=\"_ _5\"> </span>realiza <span class=\"_ _3\"> </span>pagos <span class=\"_ _5\"> </span>al <span class=\"_ _3\"> </span>contado <span class=\"_ _5\"> </span>por <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>compra <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>patent<span class=\"_ _1\"></span>es <span class=\"_ _3\"> </span>y <span class=\"_ _3\"> </span>licencias. <span class=\"_ _7\"> </span>Las <span class=\"_ _3\"> </span>patentes <span class=\"_ _3\"> </span>han <span class=\"_ _5\"> </span>sido obtenidas por un periodo de 10 a\u00f1os con opci\u00f3n de renovarlas al final de dicho periodo. Las licencias<span class=\"_ _1\"></span> para <span class=\"_ _8\"> </span>el <span class=\"_ _13\"> </span>uso <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>propiedad <span class=\"_ _8\"> </span>intelectual <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>han <span class=\"_ _13\"> </span>obteni<span class=\"_ _1\"></span>do <span class=\"_ _13\"> </span>por <span class=\"_ _8\"> </span>pe<span class=\"_ _0\"></span>riodos <span class=\"_ _8\"> </span>entre <span class=\"_ _13\"> </span>cinco <span class=\"_ _8\"> </span>y <span class=\"_ _13\"> </span>diez <span class=\"_ _13\"> </span>a\u00f1<span class=\"_ _1\"></span>os, dependiendo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>licencia. <span class=\"_ _b\"></span>Las <span class=\"_ _b\"></span>licencias <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>pueden <span class=\"_ _e\"></span>renovar <span class=\"_ _b\"></span>con <span class=\"_ _c\"></span>poco <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>ning\u00fan <span class=\"_ _b\"></span>coste <span class=\"_ _c\"></span>para <span class=\"_ _b\"></span>el Grupo, por lo que se<span class=\"_ _1\"></span> considera que estas li<span class=\"_ _6\"></span>cencias tienen vida \u00fatil indefin<span class=\"_ _1\"></span>ida.<span class=\"_ _38\"> </span><div class=\"c w29 hb gs17\"><div class=\"t m0 x16 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">A\u00f1os de vida \u00fatil<span class=\"_ _38\"> </span><span class=\"_ _6\"></span> </div></div>Patentes 10 a\u00f1os Licenci<span class=\"_ _1\"></span>as Indefinida Aplicacion<span class=\"_ _1\"></span>es inform\u00e1ticas Esta <span class=\"_ _e\"></span>partida <span class=\"_ _e\"></span>incluye <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>incurridos <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>aplicaciones <span class=\"_ _0\"></span>inform\u00e1ticas <span class=\"_ _e\"></span>desarrolladas<span class=\"_ _6\"></span> por el <span class=\"_ _1\"></span>Grupo q<span class=\"_ _1\"></span>ue cu<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>plen <span class=\"_ _1\"></span>las c<span class=\"_ _1\"></span>ondiciones in<span class=\"_ _1\"></span>dicadas <span class=\"_ _1\"></span>anteriorm<span class=\"_ _1\"></span>ente para <span class=\"_ _1\"></span>la ac<span class=\"_ _6\"></span>tiv<span class=\"_ _0\"></span>aci<span class=\"_ _1\"></span>\u00f3n de <span class=\"_ _1\"></span>los ga<span class=\"_ _1\"></span>stos de<span class=\"_ _1\"></span> desarrollo, as\u00ed c<span class=\"_ _1\"></span>omo los cos<span class=\"_ _1\"></span>tes de las adquiridas a<span class=\"_ _6\"></span> t<span class=\"_ _0\"></span>erceros. Su <span class=\"_ _1\"></span>amortizaci\u00f3n s<span class=\"_ _1\"></span>e realiza de forma<span class=\"_ _1\"></span> lineal a largo de su vida \u00fatil<span class=\"_ _1\"></span> estimad<span class=\"_ _1\"></span>a de 5 a\u00f1os.<span class=\"_ _38\"> </span>Las r<span class=\"_ _1\"></span>eparaciones <span class=\"_ _6\"></span>que no <span class=\"_ _6\"></span>representan <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>ampliaci\u00f3n <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>vida \u00fatil <span class=\"_ _6\"></span>y l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>costes <span class=\"_ _6\"></span>de manteni<span class=\"_ _1\"></span>miento s<span class=\"_ _1\"></span>on cargados en la cuen<span class=\"_ _1\"></span>ta de resultados en el <span class=\"_ _1\"></span>ejercicio en <span class=\"_ _1\"></span>que se producen.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-359": {
   "value": "4.2 <span class=\"_ _19\"> </span>Activo<span class=\"_ _1\"></span>s intangibles Los <span class=\"_ _b\"></span>activos <span class=\"_ _b\"></span>intangibles <span class=\"_ _b\"></span>adquiridos <span class=\"_ _e\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>Grupo <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>valoran <span class=\"_ _b\"></span>inicialmente <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>su <span class=\"_ _c\"></span>coste, <span class=\"_ _b\"></span>ya <span class=\"_ _b\"></span>sea <span class=\"_ _b\"></span>\u00e9ste <span class=\"_ _b\"></span>el precio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>adquisici\u00f3n <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>producci\u00f3n. <span class=\"_ _e\"></span>Despu\u00e9s <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>reconocimiento <span class=\"_ _b\"></span>inicial, <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>inmovilizado intangible  se  valora  por  su  coste,  menos  la  amortizaci\u00f3n  acumulada  y,  en  su  caso,  el  importe acumulado <span class=\"_ _18\"> </span>de <span class=\"_ _f\"> </span>las <span class=\"_ _f\"> </span>correcciones <span class=\"_ _f\"> </span>por <span class=\"_ _f\"> </span>deterioro <span class=\"_ _18\"> </span>registradas. <span class=\"_ _f\"> </span>Los <span class=\"_ _18\"> </span>activos <span class=\"_ _f\"> </span>intangibles <span class=\"_ _18\"> </span>generados internamente, <span class=\"_ _18\"> </span>excluyendo <span class=\"_ _f\"> </span>los <span class=\"_ _f\"> </span>gastos <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>desarrollo <span class=\"_ _f\"> </span>capitalizados, <span class=\"_ _18\"> </span>no <span class=\"_ _16\"> </span>se <span class=\"_ _f\"> </span>activan, <span class=\"_ _18\"> </span>y <span class=\"_ _f\"> </span>el <span class=\"_ _16\"> </span>gast<span class=\"_ _1\"></span>o<span class=\"_ _38\"> </span>correspondiente se<span class=\"_ _1\"></span> registra en la cuenta de<span class=\"_ _1\"></span> resultados del ej<span class=\"_ _1\"></span>ercicio en el que<span class=\"_ _6\"></span> se<span class=\"_ _0\"></span> hayan incurrid<span class=\"_ _1\"></span>o. Los <span class=\"_ _5\"> </span>activos <span class=\"_ _7\"> </span>intangibles <span class=\"_ _5\"> </span>se <span class=\"_ _7\"> </span>amortizan <span class=\"_ _5\"> </span>sistem\u00e1ticamen<span class=\"_ _1\"></span>te <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>forma <span class=\"_ _5\"> </span>lineal <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>funci\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span><span class=\"ls15\">su</span> <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>ida <span class=\"_ _5\"> </span>\u00fatil estimada <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>residual. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>\u00e9todos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>periodos <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>amortizaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _e\"></span>aplicados so<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>revisados <span class=\"_ _0\"></span>en<span class=\"_ _1\"></span> cada cierre de ejerci<span class=\"_ _6\"></span>cio y, si procede, ajustad<span class=\"_ _1\"></span>os de forma pr<span class=\"_ _1\"></span>ospectiva.  Los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>intangibles \u00fanicamente <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocer\u00e1n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>si: <span class=\"_ _0\"></span>(a) <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>probable <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>beneficios econ\u00f3micos<span class=\"_ _1\"></span> futuros atribuib<span class=\"_ _1\"></span>les al activo<span class=\"_ _1\"></span> afluyan a la<span class=\"_ _1\"></span> entidad, y (b)<span class=\"_ _1\"></span> el coste del<span class=\"_ _6\"></span> activo puede ser valorad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de for<span class=\"_ _1\"></span>ma fiable.  La <span class=\"_ _3\"> </span>entidad  evalu<span class=\"_ _1\"></span>ar\u00e1  la <span class=\"_ _3\"> </span>probabilidad  d<span class=\"_ _1\"></span>e  obtener  benefici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s  econ<span class=\"_ _1\"></span>\u00f3micos  fu<span class=\"_ _1\"></span>turos  utilizan<span class=\"_ _1\"></span>do hip\u00f3tesis raz<span class=\"_ _1\"></span>onables y <span class=\"_ _1\"></span>fundad<span class=\"_ _1\"></span>as que repre<span class=\"_ _6\"></span>senten las mej<span class=\"_ _1\"></span>ores estima<span class=\"_ _1\"></span>ciones de <span class=\"_ _1\"></span>la direcci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n resp<span class=\"_ _1\"></span>ecto al<span class=\"_ _6\"></span> conjunto de condici<span class=\"_ _1\"></span>ones econ\u00f3micas<span class=\"_ _1\"></span> que existir\u00e1n dur<span class=\"_ _1\"></span>ante la vida \u00fatil d<span class=\"_ _1\"></span>el activo. Patentes y marcas<span class=\"_ _1\"></span> El <span class=\"_ _3\"> </span>Grupo <span class=\"_ _5\"> </span>realiza <span class=\"_ _3\"> </span>pagos <span class=\"_ _5\"> </span>al <span class=\"_ _3\"> </span>contado <span class=\"_ _5\"> </span>por <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>compra <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>patent<span class=\"_ _1\"></span>es <span class=\"_ _3\"> </span>y <span class=\"_ _3\"> </span>licencias. <span class=\"_ _7\"> </span>Las <span class=\"_ _3\"> </span>patentes <span class=\"_ _3\"> </span>han <span class=\"_ _5\"> </span>sido obtenidas por un periodo de 10 a\u00f1os con opci\u00f3n de renovarlas al final de dicho periodo. Las licencias<span class=\"_ _1\"></span> para <span class=\"_ _8\"> </span>el <span class=\"_ _13\"> </span>uso <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>propiedad <span class=\"_ _8\"> </span>intelectual <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>han <span class=\"_ _13\"> </span>obteni<span class=\"_ _1\"></span>do <span class=\"_ _13\"> </span>por <span class=\"_ _8\"> </span>pe<span class=\"_ _0\"></span>riodos <span class=\"_ _8\"> </span>entre <span class=\"_ _13\"> </span>cinco <span class=\"_ _8\"> </span>y <span class=\"_ _13\"> </span>diez <span class=\"_ _13\"> </span>a\u00f1<span class=\"_ _1\"></span>os, dependiendo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>licencia. <span class=\"_ _b\"></span>Las <span class=\"_ _b\"></span>licencias <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>pueden <span class=\"_ _e\"></span>renovar <span class=\"_ _b\"></span>con <span class=\"_ _c\"></span>poco <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>ning\u00fan <span class=\"_ _b\"></span>coste <span class=\"_ _c\"></span>para <span class=\"_ _b\"></span>el Grupo, por lo que se<span class=\"_ _1\"></span> considera que estas li<span class=\"_ _6\"></span>cencias tienen vida \u00fatil indefin<span class=\"_ _1\"></span>ida.<span class=\"_ _38\"> </span>A\u00f1os de vida \u00fatil<span class=\"_ _38\"> </span><div class=\"c w28 hd gs19\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Patentes </div></div><div class=\"c w29 hd gs1a\"><div class=\"t m0 x1f he y29 ff4 fs6 fc0 sc0 ls0 ws0\">10 a\u00f1os </div></div><div class=\"c w28 hb gs1b\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Licenci<span class=\"_ _1\"></span>as </div></div><div class=\"c w29 hb gs1c\"><div class=\"t m0 x3c he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Indefinida </div></div>Aplicacion<span class=\"_ _1\"></span>es inform\u00e1ticas Esta <span class=\"_ _e\"></span>partida <span class=\"_ _e\"></span>incluye <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>incurridos <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>aplicaciones <span class=\"_ _0\"></span>inform\u00e1ticas <span class=\"_ _e\"></span>desarrolladas<span class=\"_ _6\"></span> por el <span class=\"_ _1\"></span>Grupo q<span class=\"_ _1\"></span>ue cu<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>plen <span class=\"_ _1\"></span>las c<span class=\"_ _1\"></span>ondiciones in<span class=\"_ _1\"></span>dicadas <span class=\"_ _1\"></span>anteriorm<span class=\"_ _1\"></span>ente para <span class=\"_ _1\"></span>la ac<span class=\"_ _6\"></span>tiv<span class=\"_ _0\"></span>aci<span class=\"_ _1\"></span>\u00f3n de <span class=\"_ _1\"></span>los ga<span class=\"_ _1\"></span>stos de<span class=\"_ _1\"></span> desarrollo, as\u00ed c<span class=\"_ _1\"></span>omo los cos<span class=\"_ _1\"></span>tes de las adquiridas a<span class=\"_ _6\"></span> t<span class=\"_ _0\"></span>erceros. Su <span class=\"_ _1\"></span>amortizaci\u00f3n s<span class=\"_ _1\"></span>e realiza de forma<span class=\"_ _1\"></span> lineal a largo de su vida \u00fatil<span class=\"_ _1\"></span> estimad<span class=\"_ _1\"></span>a de 5 a\u00f1os.<span class=\"_ _38\"> </span>Las r<span class=\"_ _1\"></span>eparaciones <span class=\"_ _6\"></span>que no <span class=\"_ _6\"></span>representan <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>ampliaci\u00f3n <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>vida \u00fatil <span class=\"_ _6\"></span>y l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>costes <span class=\"_ _6\"></span>de manteni<span class=\"_ _1\"></span>miento s<span class=\"_ _1\"></span>on cargados en la cuen<span class=\"_ _1\"></span>ta de resultados en el <span class=\"_ _1\"></span>ejercicio en <span class=\"_ _1\"></span>que se producen.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-383": {
   "value": "Las r<span class=\"_ _1\"></span>eparaciones <span class=\"_ _6\"></span>que no <span class=\"_ _6\"></span>representan <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>ampliaci\u00f3n <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>vida \u00fatil <span class=\"_ _6\"></span>y l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>costes <span class=\"_ _6\"></span>de manteni<span class=\"_ _1\"></span>miento s<span class=\"_ _1\"></span>on cargados en la cuen<span class=\"_ _1\"></span>ta de resultados en el <span class=\"_ _1\"></span>ejercicio en <span class=\"_ _1\"></span>que se producen.<span class=\"_ _38\"> </span>Sin <span class=\"_ _12\"> </span>embargo, <span class=\"_ _12\"> </span>las reparaciones <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>no <span class=\"_ _b\"></span>representan <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>ampliaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>vida <span class=\"_ _b\"></span>\u00fatil <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>costes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>antenimient<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>son cargados en la cuen<span class=\"_ _1\"></span>ta de resultados en el <span class=\"_ _1\"></span>ejercicio en <span class=\"_ _1\"></span>que se producen.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-396": {
   "value": "4.3 <span class=\"_ _19\"> </span>Inmov<span class=\"_ _1\"></span>ilizado material Los <span class=\"_ _13\"> </span>elementos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>inmoviliz<span class=\"_ _1\"></span>ado <span class=\"_ _13\"> </span>material <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>reconocen <span class=\"_ _13\"> </span>por <span class=\"_ _13\"> </span>su <span class=\"_ _13\"> </span>coste <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>adquisici\u00f3n <span class=\"_ _13\"> </span>menos <span class=\"_ _13\"> </span>la amortizaci\u00f3n <span class=\"_ _18\"> </span>acumulada <span class=\"_ _18\"> </span>co<span class=\"_ _0\"></span>rrespondient<span class=\"_ _1\"></span>e. <span class=\"_ _f\"> </span>El <span class=\"_ _f\"> </span>coste <span class=\"_ _f\"> </span>hist\u00f3rico <span class=\"_ _f\"> </span>incluye <span class=\"_ _18\"> </span>los <span class=\"_ _16\"> </span>gastos <span class=\"_ _18\"> </span>directamente imputables <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>adquisici\u00f3<span class=\"_ _1\"></span>n <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>los <span class=\"_ _7\"></span>elementos. <span class=\"_ _7\"></span>Despu\u00e9s <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>reconocimi<span class=\"_ _6\"></span>ento <span class=\"_ _5\"> </span>inicial, <span class=\"_ _c\"></span>el <span class=\"_ _7\"> </span>inmovilizado material <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valora p<span class=\"_ _1\"></span>or <span class=\"_ _6\"></span>su c<span class=\"_ _1\"></span>oste, <span class=\"_ _6\"></span>menos <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>amortizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>acumulada <span class=\"_ _6\"></span>y, en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>caso, <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>acumulado de las correccion<span class=\"_ _1\"></span>es por deterioro registrad<span class=\"_ _1\"></span>as. Los <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>incurridos <span class=\"_ _e\"></span>posteriormente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>reconocimiento <span class=\"_ _e\"></span>inicial <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>activo <span class=\"_ _e\"></span>s\u00f3lo <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>capitalizan<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la medida en que <span class=\"_ _0\"></span>supongan un aumento <span class=\"_ _0\"></span>de su <span class=\"_ _0\"></span>capacidad<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>productividad o alargamiento de su <span class=\"_ _0\"></span>vida \u00fatil, debi\u00e9ndose <span class=\"_ _13\"> </span>dar <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>baja <span class=\"_ _13\"> </span>el <span class=\"_ _12\"> </span>v<span class=\"_ _0\"></span>alor <span class=\"_ _13\"> </span>contable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _13\"> </span>componentes <span class=\"_ _12\"> </span>sustituidos. <span class=\"_ _13\"> </span>Sin <span class=\"_ _12\"> </span>embargo, <span class=\"_ _12\"> </span>las reparaciones <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>no <span class=\"_ _b\"></span>representan <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>ampliaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>vida <span class=\"_ _b\"></span>\u00fatil <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>costes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>antenimient<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>son cargados en la cuen<span class=\"_ _1\"></span>ta de resultados en el <span class=\"_ _1\"></span>ejercicio en <span class=\"_ _1\"></span>que se producen.<span class=\"_ _38\"> </span>El <span class=\"_ _5\"> </span>coste <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>adquisici\u00f3n <span class=\"_ _5\"> </span>incorpora <span class=\"_ _7\"> </span>tanto <span class=\"_ _3\"> </span>los <span class=\"_ _5\"> </span>honorarios <span class=\"_ _5\"> </span>profesionales <span class=\"_ _7\"> </span>como <span class=\"_ _5\"> </span>los <span class=\"_ _3\"> </span>gastos <span class=\"_ _5\"> </span>financiero<span class=\"_ _1\"></span>s<span class=\"_ _38\"> </span>devengados <span class=\"_ _5\"> </span>durante <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>periodo <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>construcci\u00f3n, <span class=\"_ _5\"> </span>siempre <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>sean <span class=\"_ _5\"> </span>directamente <span class=\"_ _5\"> </span>atribuibles<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>la adquisici\u00f3n, <span class=\"_ _8\"> </span>construcci\u00f3n <span class=\"_ _8\"> </span>o <span class=\"_ _13\"> </span>producci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>activos <span class=\"_ _8\"> </span>cualificados, <span class=\"_ _8\"> </span>entendidos <span class=\"_ _8\"> </span>como <span class=\"_ _13\"> </span>aquellos <span class=\"_ _8\"> </span>que requieren <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>periodo <span class=\"_ _6\"></span>de ti<span class=\"_ _6\"></span>empo <span class=\"_ _1\"></span>significativo <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>estar <span class=\"_ _6\"></span>disponibles p<span class=\"_ _1\"></span>ara <span class=\"_ _6\"></span>su u<span class=\"_ _1\"></span>so. <span class=\"_ _6\"></span>Los <span class=\"_ _1\"></span>gastos <span class=\"_ _6\"></span>financieros asociados <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>financiaciones<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>espec\u00edficas <span class=\"_ _6\"></span>destinadas <span class=\"_ _6\"></span>a d<span class=\"_ _1\"></span>ichos <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>se <span class=\"_ _1\"></span>capitalizan <span class=\"_ _6\"></span>\u00edntegramente <span class=\"_ _6\"></span>durante<span class=\"_ _1\"></span> la fase <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>construcci\u00f3n. L<span class=\"_ _0\"></span>a capitalizaci\u00f3n <span class=\"_ _0\"></span>de intereses comienza <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el momento <span class=\"_ _0\"></span>en que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>incurre en desembolsos <span class=\"_ _c\"></span>vinculados <span class=\"_ _c\"></span>al <span class=\"_ _7\"></span>activo, <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>generan <span class=\"_ _c\"></span>intereses <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>est\u00e1n <span class=\"_ _7\"></span>llevando <span class=\"_ _c\"></span>a <span class=\"_ _7\"></span>cabo <span class=\"_ _c\"></span>las <span class=\"_ _7\"></span>actividade<span class=\"_ _1\"></span>s necesarias <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>preparaci\u00f3n. <span class=\"_ _0\"></span>Dicha <span class=\"_ _0\"></span>capitalizaci\u00f3n <span class=\"_ _0\"></span>concluye <span class=\"_ _0\"></span>cuando <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>finalizado, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _e\"></span>totalidad o <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su pr\u00e1ctica totalidad, <span class=\"_ _0\"></span>las actividades <span class=\"_ _0\"></span>requeridas para que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>activo o <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>part<span class=\"_ _1\"></span>es <span class=\"_ _0\"></span>est\u00e9n listos <span class=\"_ _0\"></span>para el uso previsto. Asimismo, <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>incluye <span class=\"_ _7\"></span>como <span class=\"_ _7\"></span>\u201cInmovilizado <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>curso\u201d <span class=\"_ _7\"></span>aquellos <span class=\"_ _7\"></span>gastos <span class=\"_ _7\"></span>incurridos <span class=\"_ _7\"></span>en<span class=\"ff4\"> <span class=\"_ _7\"> </span>una <span class=\"_ _7\"> </span>fase </span>suficientemente <span class=\"_ _c\"></span>avanzada <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>desarrollo <span class=\"_ _c\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>construcci\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>determinadas <span class=\"_ _c\"></span>plantas <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>siguen <span class=\"_ _7\"></span>en proceso de <span class=\"_ _0\"></span>construcci\u00f3n, y que <span class=\"_ _0\"></span>ser\u00e1n o<span class=\"_ _0\"></span>bjeto de <span class=\"_ _0\"></span>explotaci\u00f3n por <span class=\"_ _0\"></span>parte del Grupo, <span class=\"_ _0\"></span>una vez <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>mismas<span class=\"_ _6\"></span> sean puestas en <span class=\"_ _1\"></span>marcha, en base a la<span class=\"_ _1\"></span> NIC 16 (Nota 7).  Los <span class=\"_ _8\"> </span>trabajo<span class=\"_ _1\"></span>s <span class=\"_ _8\"> </span>realizad<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>por  el <span class=\"_ _8\"> </span>Grup<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>para  su <span class=\"_ _8\"> </span>propio  inmovilizado  material  se <span class=\"_ _8\"> </span>reflejan  al <span class=\"_ _8\"> </span>coste<span class=\"_ _6\"></span> acumulado <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>resulta <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>a\u00f1adir <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>externos <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>internos <span class=\"_ _e\"></span>determinados <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>funci\u00f3n de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>costes <span class=\"_ _e\"></span>horarios <span class=\"_ _e\"></span>del <span class=\"_ _0\"></span>perso<span class=\"_ _0\"></span>nal <span class=\"_ _e\"></span>dedicado <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>ellos, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>cont<span class=\"_ _0\"></span><span class=\"ff7\">abilizan <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>abono <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>cuenta <span class=\"_ _e\"></span>\u201c</span>Otros Ingresos\u201d <span class=\"ff4\">de la cuenta<span class=\"_ _6\"></span> de <span class=\"_ _0\"></span>resultados c<span class=\"_ _1\"></span>onsolidada.<span class=\"_ _38\"> </span></span>La <span class=\"_ _e\"></span>amortizaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>elementos<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>inmovilizado <span class=\"_ _e\"></span>material <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>realiza<span class=\"_ _0\"></span>, <span class=\"_ _e\"></span>desde <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>que est\u00e1n disponibles para su p<span class=\"_ _1\"></span>uesta en funcionamien<span class=\"_ _1\"></span>to, de forma lineal durante <span class=\"ls15\">su</span> vida \u00fatil estimada. E<span class=\"_ _1\"></span>l<span class=\"_ _38\"> </span>Grupo deter<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ina el g<span class=\"_ _1\"></span>asto d<span class=\"_ _6\"></span>e amortizaci\u00f3n d<span class=\"_ _6\"></span>e forma in<span class=\"_ _1\"></span>dependiente para<span class=\"_ _6\"></span> cada componen<span class=\"_ _1\"></span>te que <span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>nga un <span class=\"_ _7\"></span>coste <span class=\"_ _c\"></span>significativo <span class=\"_ _7\"></span>en <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _7\"> </span>al <span class=\"_ _7\"></span>coste <span class=\"_ _7\"></span>total <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>elemento <span class=\"_ _7\"></span>y <span class=\"_ _7\"></span>una <span class=\"_ _c\"></span>v<span class=\"_ _0\"></span>ida <span class=\"_ _c\"></span>\u00fatil <span class=\"_ _7\"></span>distinta <span class=\"_ _7\"></span>del <span class=\"_ _c\"></span>resto <span class=\"_ _7\"> </span>de<span class=\"_ _38\"> </span>elemento. Los <span class=\"_ _8\"> </span>a\u00f1os <span class=\"_ _8\"> </span>d<span class=\"_ _1\"></span>e <span class=\"_ _8\"> </span>vida <span class=\"_ _8\"> </span>\u00fatil  estimada <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>l<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>distintos  elementos <span class=\"_ _8\"> </span>del <span class=\"_ _8\"> </span>inm<span class=\"_ _1\"></span>ovilizado  mate<span class=\"_ _0\"></span>rial  so<span class=\"_ _0\"></span>n <span class=\"_ _8\"> </span>lo<span class=\"_ _1\"></span>s siguientes: (Miles de euros) A\u00f1os de vida \u00fatil<span class=\"_ _6\"></span> Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas  30<span class=\"ls0\"> a\u00f1os </span>Construcc<span class=\"_ _1\"></span>iones 35 a 50 a\u00f1os Maquinari<span class=\"_ _1\"></span>a 8 a\u00f1os Otro inmo<span class=\"_ _1\"></span>vilizado 8 a\u00f1os El Grupo <span class=\"_ _0\"></span>revisa el <span class=\"_ _0\"></span>valor residual, la <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil y <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9tod<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>de amortizaci\u00f3n <span class=\"_ _0\"></span>del inmovilizad<span class=\"_ _1\"></span>o mate<span class=\"_ _0\"></span>rial <span class=\"_ _0\"></span>al cierre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cada <span class=\"_ _0\"></span>ejercicio. <span class=\"_ _e\"></span>En <span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>caso <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>produzcan <span class=\"_ _0\"></span>modificaciones <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>criterios <span class=\"_ _0\"></span>inicialmente establecidos se recon<span class=\"_ _1\"></span>ocen como un cambio de estima<span class=\"_ _1\"></span>ci\u00f3n.<span class=\"_ _0\"></span> Los terrenos sobre los que se asientan lo<span class=\"_ _1\"></span>s edificios  y <span class=\"_ _8\"> </span>otras<span class=\"_ _1\"></span> <span class=\"_ _8\"> </span>c<span class=\"_ _1\"></span>onstrucciones  tienen <span class=\"_ _8\"> </span>un<span class=\"_ _1\"></span>a  vida <span class=\"_ _8\"> </span>\u00fatil  indefinida  y, <span class=\"_ _8\"> </span>por  tanto,  no <span class=\"_ _8\"> </span>s<span class=\"_ _1\"></span>on  objeto <span class=\"_ _8\"> </span>de amortizaci\u00f3n. <span class=\"_ _1\"></span> El <span class=\"_ _6\"></span>beneficio <span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>p\u00e9rdida <span class=\"_ _6\"></span>resultante <span class=\"_ _10\"></span>de la <span class=\"_ _10\"></span>enajenaci\u00f3n <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>baja <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>activo <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>calculan <span class=\"_ _6\"></span>como la <span class=\"_ _10\"></span>diferencia<span class=\"_ _1\"></span> entre el <span class=\"_ _1\"></span>valor d<span class=\"_ _1\"></span>e la c<span class=\"_ _1\"></span>ontraprestaci\u00f3n <span class=\"_ _1\"></span>recibida <span class=\"_ _1\"></span>y el <span class=\"_ _1\"></span>valor en <span class=\"_ _6\"></span>libros del ac<span class=\"_ _1\"></span>tivo, y s<span class=\"_ _6\"></span>e reconoce en <span class=\"_ _1\"></span>la cuent<span class=\"_ _6\"></span>a de resultados del ejer<span class=\"_ _1\"></span>cicio.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-384": {
   "value": "Asimismo, <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>incluye <span class=\"_ _7\"></span>como <span class=\"_ _7\"></span>\u201cInmovilizado <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>curso\u201d <span class=\"_ _7\"></span>aquellos <span class=\"_ _7\"></span>gastos <span class=\"_ _7\"></span>incurridos <span class=\"_ _7\"></span>en<span class=\"ff4\"> <span class=\"_ _7\"> </span>una <span class=\"_ _7\"> </span>fase </span>suficientemente <span class=\"_ _c\"></span>avanzada <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>desarrollo <span class=\"_ _c\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>construcci\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>determinadas <span class=\"_ _c\"></span>plantas <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>siguen <span class=\"_ _7\"></span>en proceso de <span class=\"_ _0\"></span>construcci\u00f3n, y que <span class=\"_ _0\"></span>ser\u00e1n o<span class=\"_ _0\"></span>bjeto de <span class=\"_ _0\"></span>explotaci\u00f3n por <span class=\"_ _0\"></span>parte del Grupo, <span class=\"_ _0\"></span>una vez <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>mismas<span class=\"_ _6\"></span> sean puestas en <span class=\"_ _1\"></span>marcha, en base a la<span class=\"_ _1\"></span> NIC 16 (Nota 7).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-360": {
   "value": "Gastos financiero<span class=\"_ _1\"></span>s capitalizables  Los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>intereses <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>sean <span class=\"_ _1\"></span>directa<span class=\"_ _1\"></span>mente <span class=\"_ _6\"></span>atribuibles <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>adquisici\u00f3n, <span class=\"_ _6\"></span>construcci\u00f3n <span class=\"_ _10\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>producci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _7\"></span>un <span class=\"_ _c\"></span>activo <span class=\"_ _7\"> </span>cuya <span class=\"_ _7\"> </span>puesta <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>marcha <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>venta <span class=\"_ _c\"></span>requiere <span class=\"_ _7\"></span>necesariamente <span class=\"_ _c\"></span>un <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>prolongado <span class=\"_ _c\"></span>de tiempo son capitalizados como parte<span class=\"_ _1\"></span> del <span class=\"_ _0\"></span>coste del activo. Todos <span class=\"_ _0\"></span>los dem\u00e1s costes por financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>se reconocen <span class=\"_ _10\"></span>como <span class=\"_ _6\"></span>gasto <span class=\"_ _6\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>incurren. <span class=\"_ _10\"></span>Los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>financieros <span class=\"_ _10\"></span>incluyen <span class=\"_ _10\"></span>los <span class=\"_ _6\"></span>intereses y <span class=\"_ _e\"></span>otros <span class=\"_ _b\"></span>costes <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>los <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>incurre <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>en <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>obtenci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>finan<span class=\"_ _1\"></span>ciaci\u00f3n <span class=\"_ _e\"></span>tal <span class=\"_ _b\"></span>como <span class=\"_ _e\"></span>se describe en la Nota <span class=\"_ _1\"></span>4.<span class=\"_ _38\"> </span>A  31  de  diciembre  de  2025  y  2024  no  existen  element<span class=\"_ _1\"></span>os  de  inmovilizado  material  total<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ente amortizados. Los  c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>stes <span class=\"_ _3\"> </span>por <span class=\"_ _3\"> </span>intereses <span class=\"_ _5\"> </span>capitalizados <span class=\"_ _3\"> </span>en <span class=\"_ _3\"> </span>relaci\u00f3n <span class=\"_ _3\"> </span>con <span class=\"_ _3\"> </span>estos <span class=\"_ _3\"> </span>activos <span class=\"_ _5\"> </span>a  31 <span class=\"_ _5\"> </span>de  diciembre <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>2025 ascienden a 17,4 <span class=\"ls30\">mi<span class=\"_ _1\"></span><span class=\"ls0\">llones de euro<span class=\"_ _1\"></span>s (6,9 millones de e<span class=\"_ _1\"></span>uros a 31 de diciembr<span class=\"_ _1\"></span>e de 2024)<span class=\"_ _38\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-397": {
   "value": "Para aquell<span class=\"_ _1\"></span>os activos<span class=\"_ _1\"></span> identificad<span class=\"_ _1\"></span>os se e<span class=\"_ _1\"></span>stima su <span class=\"_ _1\"></span>import<span class=\"_ _1\"></span>e recuperable, <span class=\"_ _1\"></span>entendido <span class=\"_ _6\"></span>como el <span class=\"_ _1\"></span>mayor entre<span class=\"_ _38\"> </span><span class=\"_ _1\"></span> su valor razonabl<span class=\"_ _1\"></span>e menos los cost<span class=\"_ _1\"></span>es de venta necesari<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s y su valor en us<span class=\"_ _1\"></span>o.  En caso de que el activo no genere flu<span class=\"_ _1\"></span>jos de efectivo por s\u00ed <span class=\"_ _1\"></span>mismo, que sean independientes de <span class=\"_ _1\"></span>otros activos, el Grupo calcula el importe recuperable del activo <span class=\"_ _0\"></span>a la que pertenece. <span class=\"_ _0\"></span>Si el valor recuperable<span class=\"_ _1\"></span> as\u00ed <span class=\"_ _5\"> </span>determinado <span class=\"_ _5\"> </span>fuese <span class=\"_ _5\"> </span>inferior<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>al <span class=\"_ _5\"> </span>v<span class=\"_ _0\"></span>alor <span class=\"_ _7\"> </span>en <span class=\"_ _3\"> </span>libros <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>activo, <span class=\"_ _3\"> </span>la <span class=\"_ _7\"> </span>diferencia <span class=\"_ _5\"> </span>entre <span class=\"_ _5\"> </span>ambos <span class=\"_ _5\"> </span>valores <span class=\"_ _5\"> </span>se reconoce  en <span class=\"_ _3\"> </span>la  cuenta  de<span class=\"_ _1\"></span>  resultados  reduciend<span class=\"_ _1\"></span>o  el  valor <span class=\"_ _3\"> </span>en  libros  del <span class=\"_ _3\"> </span>activo  hasta  su <span class=\"_ _3\"> </span>import<span class=\"_ _1\"></span>e recuperable y <span class=\"_ _0\"></span>se ajustan <span class=\"_ _0\"></span>los cargos <span class=\"_ _0\"></span>futuros en <span class=\"_ _0\"></span>concepto de <span class=\"_ _0\"></span>amortizaci\u00f3n en proporci\u00f3n a <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>valor en libros <span class=\"_ _c\"></span>ajustado <span class=\"_ _b\"></span>y <span class=\"_ _7\"></span>a <span class=\"_ _b\"></span>su <span class=\"_ _c\"></span>nueva <span class=\"_ _c\"></span>vida <span class=\"_ _c\"></span>\u00fatil <span class=\"_ _c\"></span>remanente, <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>ser <span class=\"_ _c\"></span>necesaria <span class=\"_ _c\"></span>una <span class=\"_ _b\"></span>reestimaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la<span class=\"_ _1\"></span> misma. De <span class=\"_ _e\"></span>forma <span class=\"_ _0\"></span>similar, <span class=\"_ _e\"></span>cuando <span class=\"_ _0\"></span>existen <span class=\"_ _e\"></span>indicios <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _0\"></span>ha <span class=\"_ _e\"></span>recuperado <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>un <span class=\"_ _e\"></span>activo <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>aterial, <span class=\"_ _e\"></span>el Grupo <span class=\"_ _7\"></span>registra <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>reversi\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>p\u00e9rdida <span class=\"_ _c\"></span>por <span class=\"_ _7\"></span>deterioro <span class=\"_ _c\"></span>contabilizada <span class=\"_ _c\"></span>en <span class=\"_ _7\"> </span>ejercicios <span class=\"_ _7\"></span>anterior<span class=\"_ _1\"></span>es <span class=\"_ _c\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _7\"></span>se ajustan en <span class=\"_ _0\"></span>consecuencia los <span class=\"_ _0\"></span>cargos <span class=\"_ _0\"></span>futuros por <span class=\"_ _0\"></span>amortiz<span class=\"_ _1\"></span>aci\u00f3n. <span class=\"_ _0\"></span>En ning\u00fan <span class=\"_ _0\"></span>caso <span class=\"_ _0\"></span>dicha reversi\u00f3n <span class=\"_ _0\"></span>supon<span class=\"_ _1\"></span>e el <span class=\"_ _3\"> </span>increment<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>valor <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>libros <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>activo <span class=\"_ _5\"> </span>por <span class=\"_ _3\"> </span>encima <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>aquel <span class=\"_ _3\"> </span>que <span class=\"_ _5\"> </span>tendr\u00eda <span class=\"_ _3\"> </span>si <span class=\"_ _5\"> </span>no <span class=\"_ _3\"> </span>se <span class=\"_ _3\"> </span>hubieran<span class=\"_ _1\"></span> reconocido p\u00e9rdidas p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r deterioro en <span class=\"_ _6\"></span>eje<span class=\"_ _0\"></span>rcicios anter<span class=\"_ _6\"></span>io<span class=\"_ _0\"></span>res. En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _1\"></span>industriales, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>determinad<span class=\"_ _1\"></span>os <span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>rrenos <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>afectos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>explotaci\u00f3n, el <span class=\"_ _0\"></span>valor recuperable se <span class=\"_ _0\"></span>ha calculado en <span class=\"_ _0\"></span>base al <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>razonable<span class=\"ls10\">. </span>Dicho <span class=\"_ _0\"></span>valor corresponde a <span class=\"_ _0\"></span>aquel <span class=\"_ _0\"></span>que<span class=\"_ _1\"></span> se <span class=\"_ _6\"></span>recibir\u00eda <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>vender <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _1\"></span>pagar\u00eda <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>transferir <span class=\"_ _10\"></span>un <span class=\"_ _1\"></span>pasivo <span class=\"_ _10\"></span>en u<span class=\"_ _1\"></span>na <span class=\"_ _6\"></span>transacci\u00f3n <span class=\"_ _10\"></span>o<span class=\"_ _0\"></span>rdenada<span class=\"_ _1\"></span> entre  participantes  de  mercado  en <span class=\"_ _8\"> </span>la  fecha  de  la  medici\u00f3n,  neto <span class=\"_ _8\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _8\"> </span>los  costes  de  disposici\u00f3n atribuibles <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>disposici\u00f3n <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>un <span class=\"_ _5\"> </span>activo <span class=\"_ _5\"> </span>(excluyendo <span class=\"_ _5\"> </span>los <span class=\"_ _5\"> </span>costes <span class=\"_ _5\"> </span>financieros<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>y <span class=\"_ _5\"> </span>lo<span class=\"_ _0\"></span>s <span class=\"_ _3\"> </span>impuestos<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>las<span class=\"_ _38\"> </span> ganancias). El Grupo ha valorado cada uno de los activos<span class=\"_ _1\"></span> de <span class=\"_ _0\"></span>forma<span class=\"_ _1\"></span> individual y no como parte de una<span class=\"_ _1\"></span> cartera de propi<span class=\"_ _1\"></span>edades.<span class=\"_ _38\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-361": {
   "value": "4.5 <span class=\"_ _19\"> </span>Arrendamien<span class=\"_ _1\"></span>tos El Grupo como arren<span class=\"_ _1\"></span>datario El <span class=\"_ _6\"></span>Grupo eval\u00faa <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>un contr<span class=\"_ _1\"></span>ato es <span class=\"_ _10\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>contiene un <span class=\"_ _6\"></span>arrendamient<span class=\"_ _1\"></span>o, al <span class=\"_ _10\"></span>inicio d<span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>mismo. <span class=\"_ _6\"></span>El Grup<span class=\"_ _1\"></span>o re<span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>noce<span class=\"_ _1\"></span> un <span class=\"_ _5\"> </span>activ<span class=\"_ _0\"></span>o <span class=\"_ _3\"> </span>por <span class=\"_ _5\"> </span>derecho <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>uso <span class=\"_ _3\"> </span>y <span class=\"_ _3\"> </span>un <span class=\"_ _5\"> </span>pasivo <span class=\"_ _3\"> </span>por <span class=\"_ _3\"> </span>arrendamient<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>para <span class=\"_ _5\"> </span>to<span class=\"_ _0\"></span>dos <span class=\"_ _5\"> </span>aquellos <span class=\"_ _3\"> </span>contratos <span class=\"_ _5\"> </span>de arrendamiento <span class=\"_ _e\"></span>en <span class=\"_ _c\"></span>los <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>mantiene <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>posici\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>arrendatario, <span class=\"_ _b\"></span>excepto <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>los <span class=\"_ _e\"></span>arrendamientos <span class=\"_ _b\"></span>a corto plazo (definidos<span class=\"_ _1\"></span> como arrendamient<span class=\"_ _1\"></span>os con un plazo de arr<span class=\"_ _1\"></span>endamiento de <span class=\"_ _1\"></span>12 meses o men<span class=\"_ _1\"></span>os) y por los arrendamientos de activos de bajo valor (el an\u00e1lisis se realiza<span class=\"_ _1\"></span> contrato a contrato). Para estos arrendamientos,  en  los  que  no <span class=\"_ _8\"> </span>se  reconoce  el  derecho  de  uso  y <span class=\"_ _8\"> </span>el  pasivo  por  arrendamient<span class=\"_ _1\"></span>o correspondiente, el<span class=\"_ _1\"></span> Grupo reconoce los pagos por arr<span class=\"_ _1\"></span>endamiento como<span class=\"_ _1\"></span> un gasto operativo de forma lineal durante el plaz<span class=\"_ _1\"></span>o del arrendamien<span class=\"_ _1\"></span>to, a menos que otra base sis<span class=\"_ _1\"></span>tem\u00e1tica sea m\u00e1s representati<span class=\"_ _1\"></span>va del patr\u00f3n de tiemp<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> en el que se c<span class=\"_ _1\"></span>onsumen los ben<span class=\"_ _1\"></span>eficios econ\u00f3mic<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s de los activos<span class=\"_ _1\"></span> arrendados.  El <span class=\"_ _c\"></span>pasivo <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>arrendamien<span class=\"_ _1\"></span>to <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>mide <span class=\"_ _c\"></span>inicialmente <span class=\"_ _b\"></span>al <span class=\"_ _c\"></span>valor <span class=\"_ _c\"></span>actual <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>pagos <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>arrendamient<span class=\"_ _1\"></span>o, descontados utilizand<span class=\"_ _1\"></span>o la tasa <span class=\"_ _0\"></span>impl\u00edcita del arrenda<span class=\"_ _1\"></span>miento.<span class=\"ls21\">  <span class=\"_ _0\"></span></span>El pasivo por arrendamiento se presenta<span class=\"_ _6\"></span> en <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>estado <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>situaci\u00f3n <span class=\"_ _c\"></span>financiera <span class=\"_ _c\"></span>consolidados <span class=\"_ _c\"></span>dentro <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>ep\u00edgrafes <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span><span class=\"ff4\">Deudas <span class=\"_ _7\"></span>a <span class=\"_ _c\"></span>largo <span class=\"_ _c\"></span>plazo <span class=\"_ _c\"></span></span>\u2013<span class=\"ff4\"> </span>Pasivos <span class=\"_ _7\"></span>por <span class=\"_ _c\"></span>arrendamiento<span class=\"ff7\">\u201d <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>\u201c</span>Deudas <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>corto <span class=\"_ _c\"></span>plazo <span class=\"_ _7\"></span><span class=\"ff7\">\u2013</span> <span class=\"_ _7\"></span>Pasivos <span class=\"_ _c\"></span>por <span class=\"_ _7\"></span>arrenda<span class=\"_ _1\"></span>miento<span class=\"ff7\">\u201d. <span class=\"_ _7\"></span>El <span class=\"_ _7\"></span>pasiv<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>por </span>arrendamiento <span class=\"_ _6\"></span>se mide<span class=\"_ _1\"></span> pos<span class=\"_ _1\"></span>teriormente <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>mentando <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _6\"></span>en libros <span class=\"_ _6\"></span>para <span class=\"_ _1\"></span>reflejar l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s in<span class=\"_ _1\"></span>tereses sobre el pasivo por arr<span class=\"_ _6\"></span>endamiento (utilizand<span class=\"_ _1\"></span>o el m\u00e9todo de int<span class=\"_ _1\"></span>er\u00e9s efectivo) y r<span class=\"_ _1\"></span>educiendo el i<span class=\"_ _1\"></span>mporte en libros para refle<span class=\"_ _1\"></span>jar los pagos de<span class=\"_ _1\"></span> arrendamiento rea<span class=\"_ _6\"></span>lizados.<span class=\"_ _38\"> </span>El Grupo vuelve a<span class=\"_ _1\"></span> medir el <span class=\"_ _1\"></span>pasivo por arrendami<span class=\"_ _1\"></span>ento (y realiza un ajus<span class=\"_ _1\"></span>te contra el<span class=\"_ _1\"></span> activo por derech<span class=\"_ _1\"></span>o de uso) siempre que<span class=\"_ _1\"></span> se produce un ca<span class=\"_ _1\"></span>mbio en el plazo<span class=\"_ _1\"></span> del arrendamient<span class=\"_ _1\"></span>o o se produce un <span class=\"_ _1\"></span>evento o cambio significati<span class=\"_ _1\"></span>vo en las circu<span class=\"_ _1\"></span>nstancias que resultan<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>n<span class=\"_ _38\"> </span>:<span class=\"_ _38\"> </span>Un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>en lo<span class=\"_ _0\"></span>s pagos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>arrendamiento debido <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>cambios en <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>\u00edndice o <span class=\"_ _0\"></span>tasa <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>debido <span class=\"_ _0\"></span>a un cambio en el pag<span class=\"_ _6\"></span>o esperado bajo un valor<span class=\"_ _1\"></span> residual garan<span class=\"_ _1\"></span>tizado, en cuyo caso<span class=\"_ _1\"></span> el pasivo por<span class=\"_ _1\"></span> arrendamiento <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>vuelve <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>medir <span class=\"_ _13\"> </span>descontando <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>pagos <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>arrendamiento <span class=\"_ _13\"> </span>revi<span class=\"_ _0\"></span>sados utilizando <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>tasa <span class=\"_ _18\"> </span>de <span class=\"_ _17\"> </span>descuento <span class=\"_ _17\"> </span>original <span class=\"_ _18\"> </span>(a <span class=\"_ _12\"> </span>menos <span class=\"_ _18\"> </span>que <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>cambio <span class=\"_ _17\"> </span>en <span class=\"_ _18\"> </span>los <span class=\"_ _17\"> </span>pagos <span class=\"_ _18\"> </span>por arrendamiento <span class=\"_ _6\"></span>sea debido <span class=\"_ _6\"></span>a un <span class=\"_ _6\"></span>cam<span class=\"_ _0\"></span>bio <span class=\"_ _6\"></span>en una <span class=\"_ _1\"></span>tasa de<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span>ter\u00e9s <span class=\"_ _1\"></span>variable, en <span class=\"_ _6\"></span>cuyo c<span class=\"_ _6\"></span>aso<span class=\"_ _0\"></span> se <span class=\"_ _6\"></span>utiliza una tasa de descuent<span class=\"_ _1\"></span>o revisada) - <span class=\"_ _21\"> </span><span class=\"ff4\">Una <span class=\"_ _8\"> </span>modificaci\u00f3n <span class=\"_ _8\"> </span>en <span class=\"_ _8\"> </span>el <span class=\"_ _8\"> </span>arrendamiento <span class=\"_ _8\"> </span>sin <span class=\"_ _8\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _13\"> </span>contabili<span class=\"_ _1\"></span>ce <span class=\"_ _8\"> </span>como <span class=\"_ _13\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _13\"> </span>arrendamient<span class=\"_ _6\"></span>o </span>separado, en cuyo caso se medir\u00e1<span class=\"_ _1\"></span> nuevamente el pasivo por arrendami<span class=\"_ _1\"></span>ento descontando los<span class=\"_ _1\"></span> pagos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>arrendamiento <span class=\"_ _6\"></span>revisados <span class=\"_ _10\"></span>aplicando <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>tasa <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>descuento <span class=\"_ _6\"></span>revisada <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>base <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>plazo del arrendamient<span class=\"_ _1\"></span>o modificado.  Los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>alquilados <span class=\"_ _6\"></span>por<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>corresponden <span class=\"_ _6\"></span>fundamental<span class=\"_ _1\"></span>mente <span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>te<span class=\"_ _0\"></span>rrenos <span class=\"_ _10\"></span>sobre <span class=\"_ _6\"></span>los <span class=\"_ _1\"></span>cuales <span class=\"_ _10\"></span>est\u00e1n construidos <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>parques <span class=\"_ _0\"></span>fotovoltaicos. <span class=\"_ _0\"></span>Los <span class=\"_ _e\"></span>contratos <span class=\"_ _0\"></span>tienen <span class=\"_ _0\"></span>generalmente <span class=\"_ _0\"></span>una <span class=\"_ _e\"></span>duraci\u00f3n <span class=\"_ _0\"></span>inicial <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>26 a\u00f1os <span class=\"_ _c\"></span>m\u00e1s <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>opci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>prorrogar <span class=\"_ _c\"></span>dichos <span class=\"_ _c\"></span>contratos <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>2 <span class=\"_ _7\"></span>p<span class=\"_ _0\"></span>eriodos <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>5 <span class=\"_ _7\"></span>a\u00f1os <span class=\"_ _c\"></span>cada <span class=\"_ _c\"></span>uno. <span class=\"_ _7\"></span>Las <span class=\"_ _c\"></span>cuotas<span class=\"_ _1\"></span> corresponden a pag<span class=\"_ _1\"></span>os fijos sin<span class=\"_ _1\"></span> existir pagos variable<span class=\"_ _1\"></span>s, incentivos u opci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes de co<span class=\"_ _1\"></span>mpra.  El activo <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>derecho de uso <span class=\"_ _0\"></span>incluye la valoraci\u00f3n <span class=\"_ _0\"></span>inicial del <span class=\"_ _0\"></span>pasivo por arrendamiento, los <span class=\"_ _0\"></span>pagos por arrendamiento <span class=\"_ _7\"></span>realizad<span class=\"_ _1\"></span>os <span class=\"_ _7\"></span>antes <span class=\"_ _7\"> </span>o <span class=\"_ _5\"> </span>en <span class=\"_ _7\"></span>la <span class=\"_ _7\"> </span>fecha <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>comienzo, <span class=\"_ _7\"></span>menos<span class=\"_ _0\"></span>, <span class=\"_ _7\"></span>en <span class=\"_ _7\"> </span>su <span class=\"_ _7\"> </span>caso, <span class=\"_ _5\"> </span>los <span class=\"_ _7\"> </span>incentivos <span class=\"_ _7\"></span>de arrendamiento r<span class=\"_ _6\"></span>ecibidos y los <span class=\"_ _1\"></span>costes dire<span class=\"_ _6\"></span>ctos iniciales. <span class=\"_ _1\"></span>Posteriormente<span class=\"_ _1\"></span>, se <span class=\"_ _1\"></span>valorar\u00e1n <span class=\"_ _1\"></span>a coste <span class=\"_ _1\"></span>menos la<span class=\"_ _38\"> </span>amortizaci\u00f3n y las p\u00e9rd<span class=\"_ _1\"></span>idas acumuladas p<span class=\"_ _1\"></span>or deterioro.  El activo por derech<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de uso se a<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ortizar\u00e1 al men<span class=\"_ _1\"></span>or entre el plaz<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de arrenda<span class=\"_ _1\"></span>miento y la vida \u00fatil<span class=\"_ _6\"></span> del activo subyacen<span class=\"_ _1\"></span>te. La amortiz<span class=\"_ _1\"></span>aci\u00f3n empieza en la<span class=\"_ _6\"></span> fecha de comienzo d<span class=\"_ _1\"></span>el arrendamiento en bas<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a u<span class=\"_ _1\"></span>n periodo <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>36 <span class=\"_ _e\"></span>a\u00f1os <span class=\"_ _e\"></span>contando <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>opci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>prorrogar <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>contratos, <span class=\"_ _e\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>inicial <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>26 a\u00f1os, por 2 peri<span class=\"_ _1\"></span>odos de 5 a\u00f1os cada un<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _38\"> </span>  El acti<span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>o p<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>derecho <span class=\"_ _6\"></span>de uso <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>presenta<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>o una<span class=\"_ _6\"></span> l\u00ednea separ<span class=\"_ _6\"></span>ada en <span class=\"_ _6\"></span>el estad<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>e situaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n fin<span class=\"_ _1\"></span>ancier<span class=\"_ _1\"></span>a consolidado <span class=\"_ _c\"></span><span class=\"ff7\">\u201cDerechos <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>superficie\u201d</span>. <span class=\"_ _7\"></span>El <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>aplica <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>NIC <span class=\"_ _c\"></span>36 <span class=\"_ _5\"> </span>para <span class=\"_ _c\"></span>determinar <span class=\"_ _7\"></span>si <span class=\"_ _7\"> </span>un <span class=\"_ _7\"> </span>activo <span class=\"_ _7\"></span>por derecho <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>uso <span class=\"_ _e\"></span>est\u00e1 <span class=\"_ _b\"></span>deteriorado<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>contabiliza <span class=\"_ _0\"></span>cualquier <span class=\"_ _e\"></span>p\u00e9rdida <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>deterioro <span class=\"_ _e\"></span>identificada <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>se describe en la Nota <span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>.4<span class=\"ls10\">. </span><span class=\"ff3 fc1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-416": {
   "value": "4.6<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Acciones prop<span class=\"_ _1\"></span>ias Durante <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>ejercicio <span class=\"_ _b\"></span>2025 <span class=\"_ _c\"></span>Solaria <span class=\"_ _c\"></span>Energ\u00eda <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>Medio <span class=\"_ _c\"></span>Ambiente, <span class=\"_ _c\"></span>S.A. <span class=\"_ _c\"></span>ha <span class=\"_ _c\"></span>adquirido <span class=\"_ _7\"></span>3.720.323 <span class=\"_ _c\"></span>acciones<span class=\"_ _1\"></span> propias <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>representan <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>2,98 <span class=\"_ _0\"></span>% <span class=\"_ _e\"></span>del capital <span class=\"_ _e\"></span>social<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>de dichas <span class=\"_ _0\"></span>acciones <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>ascendido <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>50 <span class=\"_ _0\"></span>millones <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros. El <span class=\"_ _e\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>acciones <span class=\"_ _0\"></span>propias se registra direc<span class=\"_ _1\"></span>tamente en el cap\u00edtul<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de patrimonio<span class=\"_ _1\"></span> neto. Ver las operaciones<span class=\"_ _1\"></span> realizadas con acci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes propias d<span class=\"_ _1\"></span>urante el ejercicio<span class=\"_ _1\"></span> 2025 en la Nota 12<span class=\"ls10\">.6</span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-385": {
   "value": "4.7<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Instrumentos financ<span class=\"_ _1\"></span>ieros Los instru<span class=\"_ _1\"></span>mentos fin<span class=\"_ _1\"></span>ancieros <span class=\"_ _1\"></span>se clasifican<span class=\"_ _6\"></span> en el <span class=\"_ _6\"></span>momento de <span class=\"_ _6\"></span>su reconocimient<span class=\"_ _6\"></span>o inicial c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>mo un<span class=\"_ _1\"></span> activ<span class=\"_ _1\"></span>o financiero, <span class=\"_ _0\"></span>un <span class=\"_ _e\"></span>pasivo <span class=\"_ _0\"></span>financiero <span class=\"_ _0\"></span>o <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>instrumento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>base <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>caracter\u00edsticas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los<span class=\"_ _38\"> </span>flujos de efectivo <span class=\"_ _1\"></span>contractuales del mis<span class=\"_ _1\"></span>mo.<span class=\"_ _38\"> </span>  Activos financier<span class=\"_ _1\"></span>os<span class=\"ff2 fs1 fc0\"> </span>no corrientes y corr<span class=\"_ _1\"></span>ientes excepto deriv<span class=\"_ _1\"></span>ados de cobertura<span class=\"_ _1\"></span>   Un <span class=\"_ _e\"></span>activo <span class=\"_ _c\"></span>financiero <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>clasifica <span class=\"_ _b\"></span>inicialmente<span class=\"_ _6\"></span> <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _e\"></span>amortizado<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>valor <span class=\"_ _b\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>cambios <span class=\"_ _b\"></span>en patrimonio <span class=\"_ _e\"></span>neto <span class=\"_ _b\"></span>o <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>resultados. <span class=\"_ _e\"></span>El <span class=\"_ _b\"></span>Grupo <span class=\"_ _e\"></span>\u00fanicamente <span class=\"_ _e\"></span>tiene <span class=\"_ _b\"></span>activo<span class=\"_ _1\"></span>s<span class=\"_ _38\"> </span>financieros <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>amortizado, <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>son <span class=\"_ _c\"></span>aquellos <span class=\"_ _e\"></span>activos <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>antenidos <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>fin <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>brar <span class=\"_ _b\"></span>flujos <span class=\"_ _b\"></span>de efectivo <span class=\"_ _e\"></span>contractuales <span class=\"_ _e\"></span>y, <span class=\"_ _e\"></span>seg\u00fan <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>condiciones <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>contrato, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>reciben <span class=\"_ _b\"></span>flujos <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>efectivo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>fechas espec\u00edficas que c<span class=\"_ _1\"></span>onstituyen exclusi<span class=\"_ _1\"></span>vamente pagos del <span class=\"_ _6\"></span>principal m\u00e1s intereses sob<span class=\"_ _1\"></span>re dicho principal. Forman <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>esta <span class=\"_ _0\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span><span class=\"ffa fs1\">\u201c</span>Deudores <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otras <span class=\"_ _0\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>cobrar<span class=\"ff7\">\u201d, <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>valoran </span>en el momento de su<span class=\"_ _6\"></span> reconocimiento en el <span class=\"_ _1\"></span>estado de situaci\u00f3n finan<span class=\"_ _1\"></span>ciera a su val<span class=\"_ _1\"></span>or de mercado. Valoraci\u00f3n posterio<span class=\"_ _1\"></span>r Los activos financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s se miden p<span class=\"_ _1\"></span>osteriormente a <span class=\"_ _1\"></span>su coste amortizado<span class=\"_ _1\"></span> utilizando el m\u00e9t<span class=\"_ _1\"></span>odo de tasa de inter\u00e9s efecti<span class=\"_ _1\"></span>va, menos el det<span class=\"_ _1\"></span>erioro. Las ganancias <span class=\"_ _1\"></span>y p\u00e9rdidas se regis<span class=\"_ _1\"></span>tran en resultados cu<span class=\"_ _1\"></span>ando el activo se da de baja,<span class=\"_ _6\"></span> se modifica o se deteriora.  Baja de activos financi<span class=\"_ _1\"></span>eros El Gru<span class=\"_ _1\"></span>po da <span class=\"_ _6\"></span>de baja <span class=\"_ _6\"></span>un activo <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>cuando <span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>piran <span class=\"_ _6\"></span>los derechos<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tractuales <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>flujos <span class=\"_ _1\"></span>de efectivo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mismo, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>cuando <span class=\"_ _1\"></span>transfiere <span class=\"_ _10\"></span>sustancialmente <span class=\"_ _6\"></span>todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _1\"></span>beneficios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>propiedad<span class=\"_ _6\"></span> del activo financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. Deterioro de activos<span class=\"_ _1\"></span> financieros<span class=\"_ _38\"> </span>El <span class=\"_ _c\"></span>Grupo <span class=\"_ _7\"></span>aplica <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>modelo<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>sim<span class=\"_ _0\"></span>plificad<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>p\u00e9rdidas <span class=\"_ _c\"></span>esperadas <span class=\"_ _c\"></span>establecido <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>NIIF <span class=\"_ _c\"></span>9, <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>cual, considera las p<span class=\"_ _1\"></span>\u00e9rdidas cred<span class=\"_ _1\"></span>iticias esperadas<span class=\"_ _1\"></span> durante la vida d<span class=\"_ _1\"></span>el contrato c<span class=\"_ _1\"></span>onsiderando la inf<span class=\"_ _1\"></span>ormaci\u00f3n disponible <span class=\"_ _b\"></span>sobre <span class=\"_ _e\"></span>eventos <span class=\"_ _b\"></span>pasados <span class=\"_ _b\"></span>(como <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>comport<span class=\"_ _1\"></span>amiento <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagos <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>clientes), <span class=\"_ _b\"></span>condicion<span class=\"_ _1\"></span>es actuales <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>elementos <span class=\"_ _b\"></span>prospectivos <span class=\"_ _b\"></span>(factores <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>acroec<span class=\"_ _1\"></span>on\u00f3micos <span class=\"_ _b\"></span>como <span class=\"_ _b\"></span>evoluci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>PI<span class=\"_ _0\"></span>B, <span class=\"_ _b\"></span>desempleo, inflaci\u00f3n, tipos de<span class=\"_ _1\"></span> inter\u00e9s) que pu<span class=\"_ _1\"></span>edan impactar en el <span class=\"_ _1\"></span>riesgo de cr\u00e9dito d<span class=\"_ _1\"></span>e los deudores del<span class=\"_ _1\"></span> Grupo.  Se <span class=\"_ _6\"></span>registran <span class=\"_ _1\"></span>las <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>la di<span class=\"_ _6\"></span>ferencia <span class=\"_ _1\"></span>existente <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el i<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>porte <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>recuperar<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>cobrar <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>valor <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>libros <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>encuentran <span class=\"_ _b\"></span>registrada<span class=\"_ _6\"></span>s <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>lo indicado en este<span class=\"_ _1\"></span> p\u00e1rrafo.<span class=\"_ _38\"> </span>Efectivo y otros a<span class=\"_ _1\"></span>ctivos l\u00edquidos<span class=\"_ _1\"></span> equivalentes  El efectivo y equivalentes<span class=\"_ _1\"></span> al efectivo incluyen el efecti<span class=\"_ _1\"></span>vo en caja, los dep\u00f3sitos a la vista en entidades<span class=\"_ _6\"></span> de cr\u00e9dito, otras in<span class=\"_ _6\"></span>versiones a corto plazo de<span class=\"_ _1\"></span> gran liquidez con un<span class=\"_ _1\"></span> vencimiento o<span class=\"_ _1\"></span>riginal de tres <span class=\"_ _1\"></span>meses o <span class=\"_ _1\"></span>menos, <span class=\"_ _6\"></span>y l<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>descubiertos<span class=\"_ _6\"></span> bancarios. <span class=\"_ _6\"></span>En <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>est<span class=\"_ _0\"></span>ado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>situaci\u00f3n financiera<span class=\"_ _6\"></span>, los <span class=\"_ _6\"></span>descubiertos <span class=\"_ _6\"></span>bancarios se clasifican c<span class=\"_ _1\"></span>omo recursos ajenos<span class=\"_ _1\"></span> en el pasivo corri<span class=\"_ _1\"></span>ente.<span class=\"_ _38\"> </span>Instrumentos fi<span class=\"_ _1\"></span>nancieros derivad<span class=\"_ _1\"></span>os y operaciones de co<span class=\"_ _1\"></span>bertura El Gru<span class=\"_ _1\"></span>po realiza <span class=\"_ _6\"></span>operaciones <span class=\"_ _6\"></span>en donde <span class=\"_ _1\"></span>asume riesg<span class=\"_ _6\"></span>os financieros <span class=\"_ _6\"></span>derivados fu<span class=\"_ _1\"></span>ndamentalmente <span class=\"_ _6\"></span>de las<span class=\"_ _1\"></span> variaciones de los tipos de inter\u00e9s <span class=\"_ _0\"></span>y en <span class=\"_ _0\"></span>los precios de mercado de venta de energ\u00eda. P<span class=\"_ _0\"></span>ara cubrir estas exposiciones, el<span class=\"_ _1\"></span> Grupo utiliza contratos de per<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>utas fi<span class=\"_ _1\"></span>nancieras.<span class=\"_ _38\"> </span>S\u00f3lo <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>designan <span class=\"_ _c\"></span>como <span class=\"_ _7\"></span>operaciones <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>cobertura<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>aquellas <span class=\"_ _7\"></span>que <span class=\"_ _7\"></span>eliminan <span class=\"_ _c\"></span>eficazmente <span class=\"_ _7\"></span>alg\u00fan <span class=\"_ _7\"></span>riesgo<span class=\"_ _1\"></span> inherente al <span class=\"_ _1\"></span>elemento o p<span class=\"_ _6\"></span>osici\u00f3n cubierta durante<span class=\"_ _1\"></span> todo el plaz<span class=\"_ _6\"></span>o previsto de cobe<span class=\"_ _1\"></span>rtura, lo qu<span class=\"_ _1\"></span>e implica que <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>contrataci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _1\"></span>espera <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>\u00e9sta <span class=\"_ _1\"></span>act\u00fae <span class=\"_ _10\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>alto <span class=\"_ _6\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>eficacia <span class=\"_ _6\"></span>(eficacia <span class=\"_ _6\"></span>prospectiva<span class=\"_ _1\"></span>) y <span class=\"_ _0\"></span>que exista <span class=\"_ _0\"></span>una ev<span class=\"_ _0\"></span>idencia suficiente de que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cobertura ha sido <span class=\"_ _0\"></span>eficaz <span class=\"_ _0\"></span>durante la <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>del elemento o posici\u00f3n cubierta <span class=\"_ _1\"></span>(eficacia retr<span class=\"_ _1\"></span>ospectiva).<span class=\"_ _38\"> </span>Al <span class=\"_ _e\"></span>principio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>cobertura, <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>designa <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>documenta <span class=\"_ _e\"></span>formalmente <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span> cobertura que<span class=\"_ _1\"></span> se desea <span class=\"_ _1\"></span>aplicar <span class=\"_ _1\"></span>y el <span class=\"_ _1\"></span>objetivo de <span class=\"_ _1\"></span>administraci\u00f3n <span class=\"_ _1\"></span>del riesg<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> y la <span class=\"_ _6\"></span>estrategia para ap<span class=\"_ _1\"></span>licar la<span class=\"_ _6\"></span> cobertura, en aplica<span class=\"_ _1\"></span>ci\u00f3n de la NIIF<span class=\"_ _1\"></span> 9.  La <span class=\"_ _c\"></span>documentaci\u00f3n <span class=\"_ _c\"></span>incluye <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>identificaci\u00f3n <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>instru<span class=\"_ _1\"></span>mento <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>cobertura,<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>elemento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>cubierto, <span class=\"_ _7\"></span>la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma en que el Grupo evaluar\u00e1 si <span class=\"_ _0\"></span>la relaci\u00f3n de cobertura cumple<span class=\"_ _1\"></span> los <span class=\"_ _5\"> </span>requisitos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>eficacia <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>cobertura <span class=\"_ _5\"> </span>(junto <span class=\"_ _3\"> </span>con <span class=\"_ _5\"> </span>su <span class=\"_ _3\"> </span>an\u00e1lisis <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>causas <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>ineficacia <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>la<span class=\"_ _6\"></span> cobertura <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>modo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>determinar <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>ratio<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura). <span class=\"_ _c\"></span>Una <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>cobertura <span class=\"_ _c\"></span>califica <span class=\"_ _c\"></span>para contabilidad de cobe<span class=\"_ _1\"></span>rturas si cumple c<span class=\"_ _1\"></span>on todos los sig<span class=\"_ _6\"></span>uientes requisitos de efectividad<span class=\"_ _1\"></span>:  - <span class=\"_ _1f\"> </span><span class=\"ff7\">Existe una \u201crelaci<span class=\"_ _1\"></span>\u00f3n econ\u00f3mica\u201d entre la<span class=\"_ _6\"></span> partida cubierta y el instrum<span class=\"_ _1\"></span>ento de cobertura <span class=\"ff4\"> </span></span>- <span class=\"_ _1f\"> </span><span class=\"ff7\">El <span class=\"_ _c\"></span>efecto <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cr\u00e9dito <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>\u201cdomina <span class=\"_ _c\"></span>los <span class=\"_ _7\"></span>cambi<span class=\"_ _1\"></span>os <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>valor\u201d <span class=\"_ _b\"></span>que <span class=\"_ _c\"></span>resulten <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>dicha </span>relaci\u00f3n econ\u00f3mica<span class=\"_ _1\"></span>  El <span class=\"_ _c\"></span>\u00edndice <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>cobertura <span class=\"_ _b\"></span>es <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>mismo <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>resultar\u00eda <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la partida <span class=\"_ _c\"></span>cubierta <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>realmente <span class=\"_ _c\"></span>cubre <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>instrumento <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el Grupo realmente utiliza <span class=\"_ _0\"></span>para cubrir <span class=\"_ _0\"></span>dicha cantidad de la <span class=\"_ _0\"></span>partida <span class=\"_ _0\"></span>cubierta<span class=\"ls10\">. </span>A <span class=\"_ _0\"></span>efectos de su <span class=\"_ _0\"></span>valoraci\u00f3n, el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>clasifica <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>operaciones <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>realizadas <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>categor\u00eda <span class=\"_ _b\"></span><span class=\"ff7\">\u201c</span>Coberturas <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>flujos <span class=\"_ _c\"></span>de efectivo<span class=\"ff7\">\u201d</span>. <span class=\"_ _b\"></span>Estas <span class=\"_ _c\"></span>operaciones <span class=\"_ _b\"></span>cubren <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>exposici\u00f3n <span class=\"_ _c\"></span>al <span class=\"_ _b\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>variaci\u00f3n <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>flujos <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>efectivo atribuibles a cambios en los tip<span class=\"_ _1\"></span>os de inter\u00e9s de los pr\u00e9stamos recibidos <span class=\"ls22\">y <span class=\"_ _0\"></span></span>para asegurar un precio fij<span class=\"_ _6\"></span>o<span class=\"_ _38\"> </span> en la venta de energ\u00eda<span class=\"_ _6\"></span> para determinados contrat<span class=\"_ _1\"></span>os<span class=\"ls10\">.<span class=\"_ _38\"> </span></span>Pasivos financieros<span class=\"_ _1\"></span> Los <span class=\"_ _6\"></span>pasivos <span class=\"_ _1\"></span>financieros<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>se cl<span class=\"_ _1\"></span>asifican <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>recono<span class=\"_ _1\"></span>cimiento <span class=\"_ _6\"></span>inicial, <span class=\"_ _6\"></span>seg\u00fan <span class=\"_ _6\"></span>corresponda, <span class=\"_ _6\"></span>como pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>resultados, <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y <span class=\"_ _b\"></span>obligaciones, <span class=\"_ _0\"></span>cuentas por pagar o deri<span class=\"_ _1\"></span>vados designad<span class=\"_ _1\"></span>os como instrumentos de cobertura <span class=\"_ _1\"></span>efectiva.  Todos <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>reconocen <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y obligaciones y las cu<span class=\"_ _6\"></span>entas por pagar se netean los c<span class=\"_ _1\"></span>ostos de transacci\u00f3n<span class=\"_ _1\"></span> directamente atribuib<span class=\"_ _1\"></span>les<span class=\"ls10\">. </span> Posteriormente<span class=\"_ _1\"></span>, los pasivos finan<span class=\"_ _1\"></span>cieros se valoran<span class=\"_ _1\"></span> a su coste am<span class=\"_ _1\"></span>ortizado, utiliza<span class=\"_ _1\"></span>ndo la tasa de inter<span class=\"_ _1\"></span>\u00e9s efectivo. Las <span class=\"_ _0\"></span>p\u00e9rdidas y <span class=\"_ _0\"></span>ganancias se reco<span class=\"_ _0\"></span>nocen en <span class=\"_ _0\"></span>el estado <span class=\"_ _0\"></span>de resultados <span class=\"_ _0\"></span>cuando se <span class=\"_ _0\"></span>dan de <span class=\"_ _0\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>pasivos, as\u00ed como los interes<span class=\"_ _1\"></span>es devengad<span class=\"_ _1\"></span>os de acuerdo con el <span class=\"_ _1\"></span>m\u00e9todo de tasa de inter<span class=\"_ _6\"></span>\u00e9s efectiva<span class=\"_ _38\"> </span>. Las deudas <span class=\"_ _1\"></span>financieras <span class=\"_ _1\"></span>se cl<span class=\"_ _1\"></span>asifican com<span class=\"_ _1\"></span>o pasivos <span class=\"_ _1\"></span>corrientes, a<span class=\"_ _1\"></span> menos q<span class=\"_ _1\"></span>ue su <span class=\"_ _1\"></span>vencimient<span class=\"_ _1\"></span>o tenga <span class=\"_ _1\"></span>lugar<span class=\"_ _38\"> </span> a <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>doce <span class=\"_ _0\"></span>meses <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>situaci\u00f3n financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>en cuyo <span class=\"_ _e\"></span>caso se reconocer\u00e1n c<span class=\"_ _1\"></span>omo no corrientes.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-362": {
   "value": "4.7<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Instrumentos financ<span class=\"_ _1\"></span>ieros Los instru<span class=\"_ _1\"></span>mentos fin<span class=\"_ _1\"></span>ancieros <span class=\"_ _1\"></span>se clasifican<span class=\"_ _6\"></span> en el <span class=\"_ _6\"></span>momento de <span class=\"_ _6\"></span>su reconocimient<span class=\"_ _6\"></span>o inicial c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>mo un<span class=\"_ _1\"></span> activ<span class=\"_ _1\"></span>o financiero, <span class=\"_ _0\"></span>un <span class=\"_ _e\"></span>pasivo <span class=\"_ _0\"></span>financiero <span class=\"_ _0\"></span>o <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>instrumento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>base <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>caracter\u00edsticas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los<span class=\"_ _38\"> </span>flujos de efectivo <span class=\"_ _1\"></span>contractuales del mis<span class=\"_ _1\"></span>mo.<span class=\"_ _38\"> </span>  Activos financier<span class=\"_ _1\"></span>os<span class=\"ff2 fs1 fc0\"> </span>no corrientes y corr<span class=\"_ _1\"></span>ientes excepto deriv<span class=\"_ _1\"></span>ados de cobertura<span class=\"_ _1\"></span>   Un <span class=\"_ _e\"></span>activo <span class=\"_ _c\"></span>financiero <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>clasifica <span class=\"_ _b\"></span>inicialmente<span class=\"_ _6\"></span> <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _e\"></span>amortizado<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>valor <span class=\"_ _b\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>cambios <span class=\"_ _b\"></span>en patrimonio <span class=\"_ _e\"></span>neto <span class=\"_ _b\"></span>o <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>resultados. <span class=\"_ _e\"></span>El <span class=\"_ _b\"></span>Grupo <span class=\"_ _e\"></span>\u00fanicamente <span class=\"_ _e\"></span>tiene <span class=\"_ _b\"></span>activo<span class=\"_ _1\"></span>s<span class=\"_ _38\"> </span>financieros <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>amortizado, <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>son <span class=\"_ _c\"></span>aquellos <span class=\"_ _e\"></span>activos <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>antenidos <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>fin <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>brar <span class=\"_ _b\"></span>flujos <span class=\"_ _b\"></span>de efectivo <span class=\"_ _e\"></span>contractuales <span class=\"_ _e\"></span>y, <span class=\"_ _e\"></span>seg\u00fan <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>condiciones <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>contrato, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>reciben <span class=\"_ _b\"></span>flujos <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>efectivo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>fechas espec\u00edficas que c<span class=\"_ _1\"></span>onstituyen exclusi<span class=\"_ _1\"></span>vamente pagos del <span class=\"_ _6\"></span>principal m\u00e1s intereses sob<span class=\"_ _1\"></span>re dicho principal. Forman <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>esta <span class=\"_ _0\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span><span class=\"ffa fs1\">\u201c</span>Deudores <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otras <span class=\"_ _0\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>cobrar<span class=\"ff7\">\u201d, <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>valoran </span>en el momento de su<span class=\"_ _6\"></span> reconocimiento en el <span class=\"_ _1\"></span>estado de situaci\u00f3n finan<span class=\"_ _1\"></span>ciera a su val<span class=\"_ _1\"></span>or de mercado. Valoraci\u00f3n posterio<span class=\"_ _1\"></span>r Los activos financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s se miden p<span class=\"_ _1\"></span>osteriormente a <span class=\"_ _1\"></span>su coste amortizado<span class=\"_ _1\"></span> utilizando el m\u00e9t<span class=\"_ _1\"></span>odo de tasa de inter\u00e9s efecti<span class=\"_ _1\"></span>va, menos el det<span class=\"_ _1\"></span>erioro. Las ganancias <span class=\"_ _1\"></span>y p\u00e9rdidas se regis<span class=\"_ _1\"></span>tran en resultados cu<span class=\"_ _1\"></span>ando el activo se da de baja,<span class=\"_ _6\"></span> se modifica o se deteriora.  Baja de activos financi<span class=\"_ _1\"></span>eros El Gru<span class=\"_ _1\"></span>po da <span class=\"_ _6\"></span>de baja <span class=\"_ _6\"></span>un activo <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>cuando <span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>piran <span class=\"_ _6\"></span>los derechos<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tractuales <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>flujos <span class=\"_ _1\"></span>de efectivo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mismo, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>cuando <span class=\"_ _1\"></span>transfiere <span class=\"_ _10\"></span>sustancialmente <span class=\"_ _6\"></span>todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _1\"></span>beneficios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>propiedad<span class=\"_ _6\"></span> del activo financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. Deterioro de activos<span class=\"_ _1\"></span> financieros<span class=\"_ _38\"> </span>El <span class=\"_ _c\"></span>Grupo <span class=\"_ _7\"></span>aplica <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>modelo<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>sim<span class=\"_ _0\"></span>plificad<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>p\u00e9rdidas <span class=\"_ _c\"></span>esperadas <span class=\"_ _c\"></span>establecido <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>NIIF <span class=\"_ _c\"></span>9, <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>cual, considera las p<span class=\"_ _1\"></span>\u00e9rdidas cred<span class=\"_ _1\"></span>iticias esperadas<span class=\"_ _1\"></span> durante la vida d<span class=\"_ _1\"></span>el contrato c<span class=\"_ _1\"></span>onsiderando la inf<span class=\"_ _1\"></span>ormaci\u00f3n disponible <span class=\"_ _b\"></span>sobre <span class=\"_ _e\"></span>eventos <span class=\"_ _b\"></span>pasados <span class=\"_ _b\"></span>(como <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>comport<span class=\"_ _1\"></span>amiento <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagos <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>clientes), <span class=\"_ _b\"></span>condicion<span class=\"_ _1\"></span>es actuales <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>elementos <span class=\"_ _b\"></span>prospectivos <span class=\"_ _b\"></span>(factores <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>acroec<span class=\"_ _1\"></span>on\u00f3micos <span class=\"_ _b\"></span>como <span class=\"_ _b\"></span>evoluci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>PI<span class=\"_ _0\"></span>B, <span class=\"_ _b\"></span>desempleo, inflaci\u00f3n, tipos de<span class=\"_ _1\"></span> inter\u00e9s) que pu<span class=\"_ _1\"></span>edan impactar en el <span class=\"_ _1\"></span>riesgo de cr\u00e9dito d<span class=\"_ _1\"></span>e los deudores del<span class=\"_ _1\"></span> Grupo.  Se <span class=\"_ _6\"></span>registran <span class=\"_ _1\"></span>las <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>la di<span class=\"_ _6\"></span>ferencia <span class=\"_ _1\"></span>existente <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el i<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>porte <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>recuperar<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>cobrar <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>valor <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>libros <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>encuentran <span class=\"_ _b\"></span>registrada<span class=\"_ _6\"></span>s <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>lo indicado en este<span class=\"_ _1\"></span> p\u00e1rrafo.<span class=\"_ _38\"> </span>Efectivo y otros a<span class=\"_ _1\"></span>ctivos l\u00edquidos<span class=\"_ _1\"></span> equivalentes  El efectivo y equivalentes<span class=\"_ _1\"></span> al efectivo incluyen el efecti<span class=\"_ _1\"></span>vo en caja, los dep\u00f3sitos a la vista en entidades<span class=\"_ _6\"></span> de cr\u00e9dito, otras in<span class=\"_ _6\"></span>versiones a corto plazo de<span class=\"_ _1\"></span> gran liquidez con un<span class=\"_ _1\"></span> vencimiento o<span class=\"_ _1\"></span>riginal de tres <span class=\"_ _1\"></span>meses o <span class=\"_ _1\"></span>menos, <span class=\"_ _6\"></span>y l<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>descubiertos<span class=\"_ _6\"></span> bancarios. <span class=\"_ _6\"></span>En <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>est<span class=\"_ _0\"></span>ado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>situaci\u00f3n financiera<span class=\"_ _6\"></span>, los <span class=\"_ _6\"></span>descubiertos <span class=\"_ _6\"></span>bancarios se clasifican c<span class=\"_ _1\"></span>omo recursos ajenos<span class=\"_ _1\"></span> en el pasivo corri<span class=\"_ _1\"></span>ente.<span class=\"_ _38\"> </span>Instrumentos fi<span class=\"_ _1\"></span>nancieros derivad<span class=\"_ _1\"></span>os y operaciones de co<span class=\"_ _1\"></span>bertura El Gru<span class=\"_ _1\"></span>po realiza <span class=\"_ _6\"></span>operaciones <span class=\"_ _6\"></span>en donde <span class=\"_ _1\"></span>asume riesg<span class=\"_ _6\"></span>os financieros <span class=\"_ _6\"></span>derivados fu<span class=\"_ _1\"></span>ndamentalmente <span class=\"_ _6\"></span>de las<span class=\"_ _1\"></span> variaciones de los tipos de inter\u00e9s <span class=\"_ _0\"></span>y en <span class=\"_ _0\"></span>los precios de mercado de venta de energ\u00eda. P<span class=\"_ _0\"></span>ara cubrir estas exposiciones, el<span class=\"_ _1\"></span> Grupo utiliza contratos de per<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>utas fi<span class=\"_ _1\"></span>nancieras.<span class=\"_ _38\"> </span>S\u00f3lo <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>designan <span class=\"_ _c\"></span>como <span class=\"_ _7\"></span>operaciones <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>cobertura<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>aquellas <span class=\"_ _7\"></span>que <span class=\"_ _7\"></span>eliminan <span class=\"_ _c\"></span>eficazmente <span class=\"_ _7\"></span>alg\u00fan <span class=\"_ _7\"></span>riesgo<span class=\"_ _1\"></span> inherente al <span class=\"_ _1\"></span>elemento o p<span class=\"_ _6\"></span>osici\u00f3n cubierta durante<span class=\"_ _1\"></span> todo el plaz<span class=\"_ _6\"></span>o previsto de cobe<span class=\"_ _1\"></span>rtura, lo qu<span class=\"_ _1\"></span>e implica que <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>contrataci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _1\"></span>espera <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>\u00e9sta <span class=\"_ _1\"></span>act\u00fae <span class=\"_ _10\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>alto <span class=\"_ _6\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>eficacia <span class=\"_ _6\"></span>(eficacia <span class=\"_ _6\"></span>prospectiva<span class=\"_ _1\"></span>) y <span class=\"_ _0\"></span>que exista <span class=\"_ _0\"></span>una ev<span class=\"_ _0\"></span>idencia suficiente de que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cobertura ha sido <span class=\"_ _0\"></span>eficaz <span class=\"_ _0\"></span>durante la <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>del elemento o posici\u00f3n cubierta <span class=\"_ _1\"></span>(eficacia retr<span class=\"_ _1\"></span>ospectiva).<span class=\"_ _38\"> </span>Al <span class=\"_ _e\"></span>principio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>cobertura, <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>designa <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>documenta <span class=\"_ _e\"></span>formalmente <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span> cobertura que<span class=\"_ _1\"></span> se desea <span class=\"_ _1\"></span>aplicar <span class=\"_ _1\"></span>y el <span class=\"_ _1\"></span>objetivo de <span class=\"_ _1\"></span>administraci\u00f3n <span class=\"_ _1\"></span>del riesg<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> y la <span class=\"_ _6\"></span>estrategia para ap<span class=\"_ _1\"></span>licar la<span class=\"_ _6\"></span> cobertura, en aplica<span class=\"_ _1\"></span>ci\u00f3n de la NIIF<span class=\"_ _1\"></span> 9.  La <span class=\"_ _c\"></span>documentaci\u00f3n <span class=\"_ _c\"></span>incluye <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>identificaci\u00f3n <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>instru<span class=\"_ _1\"></span>mento <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>cobertura,<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>elemento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>cubierto, <span class=\"_ _7\"></span>la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma en que el Grupo evaluar\u00e1 si <span class=\"_ _0\"></span>la relaci\u00f3n de cobertura cumple<span class=\"_ _1\"></span> los <span class=\"_ _5\"> </span>requisitos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>eficacia <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>cobertura <span class=\"_ _5\"> </span>(junto <span class=\"_ _3\"> </span>con <span class=\"_ _5\"> </span>su <span class=\"_ _3\"> </span>an\u00e1lisis <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>causas <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>ineficacia <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>la<span class=\"_ _6\"></span> cobertura <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>modo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>determinar <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>ratio<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura). <span class=\"_ _c\"></span>Una <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>cobertura <span class=\"_ _c\"></span>califica <span class=\"_ _c\"></span>para contabilidad de cobe<span class=\"_ _1\"></span>rturas si cumple c<span class=\"_ _1\"></span>on todos los sig<span class=\"_ _6\"></span>uientes requisitos de efectividad<span class=\"_ _1\"></span>:  - <span class=\"_ _1f\"> </span><span class=\"ff7\">Existe una \u201crelaci<span class=\"_ _1\"></span>\u00f3n econ\u00f3mica\u201d entre la<span class=\"_ _6\"></span> partida cubierta y el instrum<span class=\"_ _1\"></span>ento de cobertura <span class=\"ff4\"> </span></span>- <span class=\"_ _1f\"> </span><span class=\"ff7\">El <span class=\"_ _c\"></span>efecto <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cr\u00e9dito <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>\u201cdomina <span class=\"_ _c\"></span>los <span class=\"_ _7\"></span>cambi<span class=\"_ _1\"></span>os <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>valor\u201d <span class=\"_ _b\"></span>que <span class=\"_ _c\"></span>resulten <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>dicha </span>relaci\u00f3n econ\u00f3mica<span class=\"_ _1\"></span>  El <span class=\"_ _c\"></span>\u00edndice <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>cobertura <span class=\"_ _b\"></span>es <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>mismo <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>resultar\u00eda <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la partida <span class=\"_ _c\"></span>cubierta <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>realmente <span class=\"_ _c\"></span>cubre <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>instrumento <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el Grupo realmente utiliza <span class=\"_ _0\"></span>para cubrir <span class=\"_ _0\"></span>dicha cantidad de la <span class=\"_ _0\"></span>partida <span class=\"_ _0\"></span>cubierta<span class=\"ls10\">. </span>A <span class=\"_ _0\"></span>efectos de su <span class=\"_ _0\"></span>valoraci\u00f3n, el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>clasifica <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>operaciones <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>realizadas <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>categor\u00eda <span class=\"_ _b\"></span><span class=\"ff7\">\u201c</span>Coberturas <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>flujos <span class=\"_ _c\"></span>de efectivo<span class=\"ff7\">\u201d</span>. <span class=\"_ _b\"></span>Estas <span class=\"_ _c\"></span>operaciones <span class=\"_ _b\"></span>cubren <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>exposici\u00f3n <span class=\"_ _c\"></span>al <span class=\"_ _b\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>variaci\u00f3n <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>flujos <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>efectivo atribuibles a cambios en los tip<span class=\"_ _1\"></span>os de inter\u00e9s de los pr\u00e9stamos recibidos <span class=\"ls22\">y <span class=\"_ _0\"></span></span>para asegurar un precio fij<span class=\"_ _6\"></span>o<span class=\"_ _38\"> </span> en la venta de energ\u00eda<span class=\"_ _6\"></span> para determinados contrat<span class=\"_ _1\"></span>os<span class=\"ls10\">.<span class=\"_ _38\"> </span></span>Pasivos financieros<span class=\"_ _1\"></span> Los <span class=\"_ _6\"></span>pasivos <span class=\"_ _1\"></span>financieros<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>se cl<span class=\"_ _1\"></span>asifican <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>recono<span class=\"_ _1\"></span>cimiento <span class=\"_ _6\"></span>inicial, <span class=\"_ _6\"></span>seg\u00fan <span class=\"_ _6\"></span>corresponda, <span class=\"_ _6\"></span>como pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>resultados, <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y <span class=\"_ _b\"></span>obligaciones, <span class=\"_ _0\"></span>cuentas por pagar o deri<span class=\"_ _1\"></span>vados designad<span class=\"_ _1\"></span>os como instrumentos de cobertura <span class=\"_ _1\"></span>efectiva.  Todos <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>reconocen <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y obligaciones y las cu<span class=\"_ _6\"></span>entas por pagar se netean los c<span class=\"_ _1\"></span>ostos de transacci\u00f3n<span class=\"_ _1\"></span> directamente atribuib<span class=\"_ _1\"></span>les<span class=\"ls10\">. </span> Posteriormente<span class=\"_ _1\"></span>, los pasivos finan<span class=\"_ _1\"></span>cieros se valoran<span class=\"_ _1\"></span> a su coste am<span class=\"_ _1\"></span>ortizado, utiliza<span class=\"_ _1\"></span>ndo la tasa de inter<span class=\"_ _1\"></span>\u00e9s efectivo. Las <span class=\"_ _0\"></span>p\u00e9rdidas y <span class=\"_ _0\"></span>ganancias se reco<span class=\"_ _0\"></span>nocen en <span class=\"_ _0\"></span>el estado <span class=\"_ _0\"></span>de resultados <span class=\"_ _0\"></span>cuando se <span class=\"_ _0\"></span>dan de <span class=\"_ _0\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>pasivos, as\u00ed como los interes<span class=\"_ _1\"></span>es devengad<span class=\"_ _1\"></span>os de acuerdo con el <span class=\"_ _1\"></span>m\u00e9todo de tasa de inter<span class=\"_ _6\"></span>\u00e9s efectiva<span class=\"_ _38\"> </span>. Las deudas <span class=\"_ _1\"></span>financieras <span class=\"_ _1\"></span>se cl<span class=\"_ _1\"></span>asifican com<span class=\"_ _1\"></span>o pasivos <span class=\"_ _1\"></span>corrientes, a<span class=\"_ _1\"></span> menos q<span class=\"_ _1\"></span>ue su <span class=\"_ _1\"></span>vencimient<span class=\"_ _1\"></span>o tenga <span class=\"_ _1\"></span>lugar<span class=\"_ _38\"> </span> a <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>doce <span class=\"_ _0\"></span>meses <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>situaci\u00f3n financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>en cuyo <span class=\"_ _e\"></span>caso se reconocer\u00e1n c<span class=\"_ _1\"></span>omo no corrientes.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-398": {
   "value": "4.7<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Instrumentos financ<span class=\"_ _1\"></span>ieros Los instru<span class=\"_ _1\"></span>mentos fin<span class=\"_ _1\"></span>ancieros <span class=\"_ _1\"></span>se clasifican<span class=\"_ _6\"></span> en el <span class=\"_ _6\"></span>momento de <span class=\"_ _6\"></span>su reconocimient<span class=\"_ _6\"></span>o inicial c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>mo un<span class=\"_ _1\"></span> activ<span class=\"_ _1\"></span>o financiero, <span class=\"_ _0\"></span>un <span class=\"_ _e\"></span>pasivo <span class=\"_ _0\"></span>financiero <span class=\"_ _0\"></span>o <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>instrumento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>base <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>caracter\u00edsticas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los<span class=\"_ _38\"> </span>flujos de efectivo <span class=\"_ _1\"></span>contractuales del mis<span class=\"_ _1\"></span>mo.<span class=\"_ _38\"> </span>Las deudas <span class=\"_ _1\"></span>financieras <span class=\"_ _1\"></span>se cl<span class=\"_ _1\"></span>asifican com<span class=\"_ _1\"></span>o pasivos <span class=\"_ _1\"></span>corrientes, a<span class=\"_ _1\"></span> menos q<span class=\"_ _1\"></span>ue su <span class=\"_ _1\"></span>vencimient<span class=\"_ _1\"></span>o tenga <span class=\"_ _1\"></span>lugar<span class=\"_ _38\"> </span>a <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>doce <span class=\"_ _0\"></span>meses <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>situaci\u00f3n financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>en cuyo <span class=\"_ _e\"></span>caso se reconocer\u00e1n c<span class=\"_ _1\"></span>omo no corrientes.<span class=\"_ _38\"> </span>11<span class=\"ff1 ls0\"> <span class=\"_ _28\"> </span><span class=\"ff3\">Act<span class=\"_ _0\"></span>ivos<span class=\"_ _0\"></span> fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>iero<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </span></span>Excepto <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>derivad<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>desglosados <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>Nota <span class=\"_ _c\"></span><span class=\"lsf\">14</span>.3, <span class=\"_ _c\"></span>los <span class=\"_ _b\"></span>restantes <span class=\"_ _b\"></span>activos <span class=\"_ _b\"></span>financieros <span class=\"_ _b\"></span>del <span class=\"_ _c\"></span>Grupo <span class=\"_ _b\"></span>son activos <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>amortizad<span class=\"_ _1\"></span>o. <span class=\"_ _b\"></span>El <span class=\"_ _e\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _e\"></span>razonable <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>todos <span class=\"_ _e\"></span>ellos <span class=\"_ _b\"></span>no <span class=\"_ _b\"></span>difiere <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>forma <span class=\"_ _e\"></span>significativa <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>su valor neto contable. <span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-399": {
   "value": "Activos financier<span class=\"_ _1\"></span>os<span class=\"ff2 fs1 fc0\"> </span>no corrientes y corr<span class=\"_ _1\"></span>ientes excepto deriv<span class=\"_ _1\"></span>ados de cobertura<span class=\"_ _1\"></span>   Un <span class=\"_ _e\"></span>activo <span class=\"_ _c\"></span>financiero <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>clasifica <span class=\"_ _b\"></span>inicialmente<span class=\"_ _6\"></span> <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _e\"></span>amortizado<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>valor <span class=\"_ _b\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>cambios <span class=\"_ _b\"></span>en patrimonio <span class=\"_ _e\"></span>neto <span class=\"_ _b\"></span>o <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>resultados. <span class=\"_ _e\"></span>El <span class=\"_ _b\"></span>Grupo <span class=\"_ _e\"></span>\u00fanicamente <span class=\"_ _e\"></span>tiene <span class=\"_ _b\"></span>activo<span class=\"_ _1\"></span>s<span class=\"_ _38\"> </span>financieros <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>amortizado, <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>son <span class=\"_ _c\"></span>aquellos <span class=\"_ _e\"></span>activos <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>antenidos <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>fin <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>brar <span class=\"_ _b\"></span>flujos <span class=\"_ _b\"></span>de efectivo <span class=\"_ _e\"></span>contractuales <span class=\"_ _e\"></span>y, <span class=\"_ _e\"></span>seg\u00fan <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>condiciones <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>contrato, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>reciben <span class=\"_ _b\"></span>flujos <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>efectivo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>fechas espec\u00edficas que c<span class=\"_ _1\"></span>onstituyen exclusi<span class=\"_ _1\"></span>vamente pagos del <span class=\"_ _6\"></span>principal m\u00e1s intereses sob<span class=\"_ _1\"></span>re dicho principal. Forman <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>esta <span class=\"_ _0\"></span>categor\u00eda <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span><span class=\"ffa fs1\">\u201c</span>Deudores <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otras <span class=\"_ _0\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>cobrar<span class=\"ff7\">\u201d, <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>valoran </span>en el momento de su<span class=\"_ _6\"></span> reconocimiento en el <span class=\"_ _1\"></span>estado de situaci\u00f3n finan<span class=\"_ _1\"></span>ciera a su val<span class=\"_ _1\"></span>or de mercado. Valoraci\u00f3n posterio<span class=\"_ _1\"></span>r Los activos financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s se miden p<span class=\"_ _1\"></span>osteriormente a <span class=\"_ _1\"></span>su coste amortizado<span class=\"_ _1\"></span> utilizando el m\u00e9t<span class=\"_ _1\"></span>odo de tasa de inter\u00e9s efecti<span class=\"_ _1\"></span>va, menos el det<span class=\"_ _1\"></span>erioro. Las ganancias <span class=\"_ _1\"></span>y p\u00e9rdidas se regis<span class=\"_ _1\"></span>tran en resultados cu<span class=\"_ _1\"></span>ando el activo se da de baja,<span class=\"_ _6\"></span> se modifica o se deteriora.  Baja de activos financi<span class=\"_ _1\"></span>eros El Gru<span class=\"_ _1\"></span>po da <span class=\"_ _6\"></span>de baja <span class=\"_ _6\"></span>un activo <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>cuando <span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>piran <span class=\"_ _6\"></span>los derechos<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tractuales <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>flujos <span class=\"_ _1\"></span>de efectivo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mismo, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>cuando <span class=\"_ _1\"></span>transfiere <span class=\"_ _10\"></span>sustancialmente <span class=\"_ _6\"></span>todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _1\"></span>beneficios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>propiedad<span class=\"_ _6\"></span> del activo financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. Deterioro de activos<span class=\"_ _1\"></span> financieros<span class=\"_ _38\"> </span>El <span class=\"_ _c\"></span>Grupo <span class=\"_ _7\"></span>aplica <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>modelo<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>sim<span class=\"_ _0\"></span>plificad<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>p\u00e9rdidas <span class=\"_ _c\"></span>esperadas <span class=\"_ _c\"></span>establecido <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>NIIF <span class=\"_ _c\"></span>9, <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>cual, considera las p<span class=\"_ _1\"></span>\u00e9rdidas cred<span class=\"_ _1\"></span>iticias esperadas<span class=\"_ _1\"></span> durante la vida d<span class=\"_ _1\"></span>el contrato c<span class=\"_ _1\"></span>onsiderando la inf<span class=\"_ _1\"></span>ormaci\u00f3n disponible <span class=\"_ _b\"></span>sobre <span class=\"_ _e\"></span>eventos <span class=\"_ _b\"></span>pasados <span class=\"_ _b\"></span>(como <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>comport<span class=\"_ _1\"></span>amiento <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagos <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>clientes), <span class=\"_ _b\"></span>condicion<span class=\"_ _1\"></span>es actuales <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>elementos <span class=\"_ _b\"></span>prospectivos <span class=\"_ _b\"></span>(factores <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>acroec<span class=\"_ _1\"></span>on\u00f3micos <span class=\"_ _b\"></span>como <span class=\"_ _b\"></span>evoluci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>PI<span class=\"_ _0\"></span>B, <span class=\"_ _b\"></span>desempleo, inflaci\u00f3n, tipos de<span class=\"_ _1\"></span> inter\u00e9s) que pu<span class=\"_ _1\"></span>edan impactar en el <span class=\"_ _1\"></span>riesgo de cr\u00e9dito d<span class=\"_ _1\"></span>e los deudores del<span class=\"_ _1\"></span> Grupo.  Se <span class=\"_ _6\"></span>registran <span class=\"_ _1\"></span>las <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>la di<span class=\"_ _6\"></span>ferencia <span class=\"_ _1\"></span>existente <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el i<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>porte <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>recuperar<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>cobrar <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>valor <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>libros <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>encuentran <span class=\"_ _b\"></span>registrada<span class=\"_ _6\"></span>s <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>lo indicado en este<span class=\"_ _1\"></span> p\u00e1rrafo.<span class=\"_ _38\"> </span>Efectivo y otros a<span class=\"_ _1\"></span>ctivos l\u00edquidos<span class=\"_ _1\"></span> equivalentes  El efectivo y equivalentes<span class=\"_ _1\"></span> al efectivo incluyen el efecti<span class=\"_ _1\"></span>vo en caja, los dep\u00f3sitos a la vista en entidades<span class=\"_ _6\"></span> de cr\u00e9dito, otras in<span class=\"_ _6\"></span>versiones a corto plazo de<span class=\"_ _1\"></span> gran liquidez con un<span class=\"_ _1\"></span> vencimiento o<span class=\"_ _1\"></span>riginal de tres <span class=\"_ _1\"></span>meses o <span class=\"_ _1\"></span>menos, <span class=\"_ _6\"></span>y l<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>descubiertos<span class=\"_ _6\"></span> bancarios. <span class=\"_ _6\"></span>En <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>est<span class=\"_ _0\"></span>ado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>situaci\u00f3n financiera<span class=\"_ _6\"></span>, los <span class=\"_ _6\"></span>descubiertos <span class=\"_ _6\"></span>bancarios se clasifican c<span class=\"_ _1\"></span>omo recursos ajenos<span class=\"_ _1\"></span> en el pasivo corri<span class=\"_ _1\"></span>ente.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-407": {
   "value": "Baja de activos financi<span class=\"_ _1\"></span>eros El Gru<span class=\"_ _1\"></span>po da <span class=\"_ _6\"></span>de baja <span class=\"_ _6\"></span>un activo <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>cuando <span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>piran <span class=\"_ _6\"></span>los derechos<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tractuales <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>flujos <span class=\"_ _1\"></span>de efectivo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mismo, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>cuando <span class=\"_ _1\"></span>transfiere <span class=\"_ _10\"></span>sustancialmente <span class=\"_ _6\"></span>todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _1\"></span>beneficios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>propiedad<span class=\"_ _6\"></span> del activo financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. Deterioro de activos<span class=\"_ _1\"></span> financieros<span class=\"_ _38\"> </span>El <span class=\"_ _c\"></span>Grupo <span class=\"_ _7\"></span>aplica <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>modelo<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>sim<span class=\"_ _0\"></span>plificad<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>p\u00e9rdidas <span class=\"_ _c\"></span>esperadas <span class=\"_ _c\"></span>establecido <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>NIIF <span class=\"_ _c\"></span>9, <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>cual, considera las p<span class=\"_ _1\"></span>\u00e9rdidas cred<span class=\"_ _1\"></span>iticias esperadas<span class=\"_ _1\"></span> durante la vida d<span class=\"_ _1\"></span>el contrato c<span class=\"_ _1\"></span>onsiderando la inf<span class=\"_ _1\"></span>ormaci\u00f3n disponible <span class=\"_ _b\"></span>sobre <span class=\"_ _e\"></span>eventos <span class=\"_ _b\"></span>pasados <span class=\"_ _b\"></span>(como <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>comport<span class=\"_ _1\"></span>amiento <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagos <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>clientes), <span class=\"_ _b\"></span>condicion<span class=\"_ _1\"></span>es actuales <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>elementos <span class=\"_ _b\"></span>prospectivos <span class=\"_ _b\"></span>(factores <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>acroec<span class=\"_ _1\"></span>on\u00f3micos <span class=\"_ _b\"></span>como <span class=\"_ _b\"></span>evoluci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>PI<span class=\"_ _0\"></span>B, <span class=\"_ _b\"></span>desempleo, inflaci\u00f3n, tipos de<span class=\"_ _1\"></span> inter\u00e9s) que pu<span class=\"_ _1\"></span>edan impactar en el <span class=\"_ _1\"></span>riesgo de cr\u00e9dito d<span class=\"_ _1\"></span>e los deudores del<span class=\"_ _1\"></span> Grupo.  Se <span class=\"_ _6\"></span>registran <span class=\"_ _1\"></span>las <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>la di<span class=\"_ _6\"></span>ferencia <span class=\"_ _1\"></span>existente <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el i<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>porte <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>recuperar<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>cobrar <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>valor <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>libros <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>encuentran <span class=\"_ _b\"></span>registrada<span class=\"_ _6\"></span>s <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>lo indicado en este<span class=\"_ _1\"></span> p\u00e1rrafo.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCollateralExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-417": {
   "value": "Baja de activos financi<span class=\"_ _1\"></span>eros El Gru<span class=\"_ _1\"></span>po da <span class=\"_ _6\"></span>de baja <span class=\"_ _6\"></span>un activo <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>cuando <span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>piran <span class=\"_ _6\"></span>los derechos<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tractuales <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>flujos <span class=\"_ _1\"></span>de efectivo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mismo, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>cuando <span class=\"_ _1\"></span>transfiere <span class=\"_ _10\"></span>sustancialmente <span class=\"_ _6\"></span>todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _1\"></span>beneficios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>propiedad<span class=\"_ _6\"></span> del activo financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-426": {
   "value": "Baja de activos financi<span class=\"_ _1\"></span>eros El Gru<span class=\"_ _1\"></span>po da <span class=\"_ _6\"></span>de baja <span class=\"_ _6\"></span>un activo <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>cuando <span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>piran <span class=\"_ _6\"></span>los derechos<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tractuales <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>flujos <span class=\"_ _1\"></span>de efectivo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mismo, <span class=\"_ _10\"></span>o <span class=\"_ _6\"></span>cuando <span class=\"_ _1\"></span>transfiere <span class=\"_ _10\"></span>sustancialmente <span class=\"_ _6\"></span>todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _1\"></span>beneficios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>propiedad<span class=\"_ _6\"></span> del activo financier<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-427": {
   "value": "Deterioro de activos<span class=\"_ _1\"></span> financieros<span class=\"_ _38\"> </span>El <span class=\"_ _c\"></span>Grupo <span class=\"_ _7\"></span>aplica <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>modelo<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>sim<span class=\"_ _0\"></span>plificad<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>p\u00e9rdidas <span class=\"_ _c\"></span>esperadas <span class=\"_ _c\"></span>establecido <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>NIIF <span class=\"_ _c\"></span>9, <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>cual, considera las p<span class=\"_ _1\"></span>\u00e9rdidas cred<span class=\"_ _1\"></span>iticias esperadas<span class=\"_ _1\"></span> durante la vida d<span class=\"_ _1\"></span>el contrato c<span class=\"_ _1\"></span>onsiderando la inf<span class=\"_ _1\"></span>ormaci\u00f3n disponible <span class=\"_ _b\"></span>sobre <span class=\"_ _e\"></span>eventos <span class=\"_ _b\"></span>pasados <span class=\"_ _b\"></span>(como <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>comport<span class=\"_ _1\"></span>amiento <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagos <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>clientes), <span class=\"_ _b\"></span>condicion<span class=\"_ _1\"></span>es actuales <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>elementos <span class=\"_ _b\"></span>prospectivos <span class=\"_ _b\"></span>(factores <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>acroec<span class=\"_ _1\"></span>on\u00f3micos <span class=\"_ _b\"></span>como <span class=\"_ _b\"></span>evoluci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>PI<span class=\"_ _0\"></span>B, <span class=\"_ _b\"></span>desempleo, inflaci\u00f3n, tipos de<span class=\"_ _1\"></span> inter\u00e9s) que pu<span class=\"_ _1\"></span>edan impactar en el <span class=\"_ _1\"></span>riesgo de cr\u00e9dito d<span class=\"_ _1\"></span>e los deudores del<span class=\"_ _1\"></span> Grupo.  Se <span class=\"_ _6\"></span>registran <span class=\"_ _1\"></span>las <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _6\"></span>la di<span class=\"_ _6\"></span>ferencia <span class=\"_ _1\"></span>existente <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el i<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>porte <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>recuperar<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>cuentas <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>cobrar <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>valor <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>libros <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>encuentran <span class=\"_ _b\"></span>registrada<span class=\"_ _6\"></span>s <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>lo indicado en este<span class=\"_ _1\"></span> p\u00e1rrafo.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-406": {
   "value": "Efectivo y otros a<span class=\"_ _1\"></span>ctivos l\u00edquidos<span class=\"_ _1\"></span> equivalentes  El efectivo y equivalentes<span class=\"_ _1\"></span> al efectivo incluyen el efecti<span class=\"_ _1\"></span>vo en caja, los dep\u00f3sitos a la vista en entidades<span class=\"_ _6\"></span> de cr\u00e9dito, otras in<span class=\"_ _6\"></span>versiones a corto plazo de<span class=\"_ _1\"></span> gran liquidez con un<span class=\"_ _1\"></span> vencimiento o<span class=\"_ _1\"></span>riginal de tres <span class=\"_ _1\"></span>meses o <span class=\"_ _1\"></span>menos, <span class=\"_ _6\"></span>y l<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>descubiertos<span class=\"_ _6\"></span> bancarios. <span class=\"_ _6\"></span>En <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>est<span class=\"_ _0\"></span>ado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>situaci\u00f3n financiera<span class=\"_ _6\"></span>, los <span class=\"_ _6\"></span>descubiertos <span class=\"_ _6\"></span>bancarios se clasifican c<span class=\"_ _1\"></span>omo recursos ajenos<span class=\"_ _1\"></span> en el pasivo corri<span class=\"_ _1\"></span>ente.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-408": {
   "value": "Instrumentos fi<span class=\"_ _1\"></span>nancieros derivad<span class=\"_ _1\"></span>os y operaciones de co<span class=\"_ _1\"></span>bertura El Gru<span class=\"_ _1\"></span>po realiza <span class=\"_ _6\"></span>operaciones <span class=\"_ _6\"></span>en donde <span class=\"_ _1\"></span>asume riesg<span class=\"_ _6\"></span>os financieros <span class=\"_ _6\"></span>derivados fu<span class=\"_ _1\"></span>ndamentalmente <span class=\"_ _6\"></span>de las<span class=\"_ _1\"></span> variaciones de los tipos de inter\u00e9s <span class=\"_ _0\"></span>y en <span class=\"_ _0\"></span>los precios de mercado de venta de energ\u00eda. P<span class=\"_ _0\"></span>ara cubrir estas exposiciones, el<span class=\"_ _1\"></span> Grupo utiliza contratos de per<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>utas fi<span class=\"_ _1\"></span>nancieras.<span class=\"_ _38\"> </span>S\u00f3lo <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>designan <span class=\"_ _c\"></span>como <span class=\"_ _7\"></span>operaciones <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>cobertura<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>aquellas <span class=\"_ _7\"></span>que <span class=\"_ _7\"></span>eliminan <span class=\"_ _c\"></span>eficazmente <span class=\"_ _7\"></span>alg\u00fan <span class=\"_ _7\"></span>riesgo<span class=\"_ _1\"></span> inherente al <span class=\"_ _1\"></span>elemento o p<span class=\"_ _6\"></span>osici\u00f3n cubierta durante<span class=\"_ _1\"></span> todo el plaz<span class=\"_ _6\"></span>o previsto de cobe<span class=\"_ _1\"></span>rtura, lo qu<span class=\"_ _1\"></span>e implica que <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>contrataci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _1\"></span>espera <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>\u00e9sta <span class=\"_ _1\"></span>act\u00fae <span class=\"_ _10\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>alto <span class=\"_ _6\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>eficacia <span class=\"_ _6\"></span>(eficacia <span class=\"_ _6\"></span>prospectiva<span class=\"_ _1\"></span>) y <span class=\"_ _0\"></span>que exista <span class=\"_ _0\"></span>una ev<span class=\"_ _0\"></span>idencia suficiente de que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cobertura ha sido <span class=\"_ _0\"></span>eficaz <span class=\"_ _0\"></span>durante la <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>del elemento o posici\u00f3n cubierta <span class=\"_ _1\"></span>(eficacia retr<span class=\"_ _1\"></span>ospectiva).<span class=\"_ _38\"> </span>Al <span class=\"_ _e\"></span>principio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>cobertura, <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>designa <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>documenta <span class=\"_ _e\"></span>formalmente <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span> cobertura que<span class=\"_ _1\"></span> se desea <span class=\"_ _1\"></span>aplicar <span class=\"_ _1\"></span>y el <span class=\"_ _1\"></span>objetivo de <span class=\"_ _1\"></span>administraci\u00f3n <span class=\"_ _1\"></span>del riesg<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> y la <span class=\"_ _6\"></span>estrategia para ap<span class=\"_ _1\"></span>licar la<span class=\"_ _6\"></span> cobertura, en aplica<span class=\"_ _1\"></span>ci\u00f3n de la NIIF<span class=\"_ _1\"></span> 9.  La <span class=\"_ _c\"></span>documentaci\u00f3n <span class=\"_ _c\"></span>incluye <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>identificaci\u00f3n <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>instru<span class=\"_ _1\"></span>mento <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>cobertura,<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>elemento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>cubierto, <span class=\"_ _7\"></span>la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma en que el Grupo evaluar\u00e1 si <span class=\"_ _0\"></span>la relaci\u00f3n de cobertura cumple<span class=\"_ _1\"></span> los <span class=\"_ _5\"> </span>requisitos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>eficacia <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>cobertura <span class=\"_ _5\"> </span>(junto <span class=\"_ _3\"> </span>con <span class=\"_ _5\"> </span>su <span class=\"_ _3\"> </span>an\u00e1lisis <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>causas <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>ineficacia <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>la<span class=\"_ _6\"></span> cobertura <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>modo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>determinar <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>ratio<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura). <span class=\"_ _c\"></span>Una <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>cobertura <span class=\"_ _c\"></span>califica <span class=\"_ _c\"></span>para contabilidad de cobe<span class=\"_ _1\"></span>rturas si cumple c<span class=\"_ _1\"></span>on todos los sig<span class=\"_ _6\"></span>uientes requisitos de efectividad<span class=\"_ _1\"></span>:  - <span class=\"_ _1f\"> </span><span class=\"ff7\">Existe una \u201crelaci<span class=\"_ _1\"></span>\u00f3n econ\u00f3mica\u201d entre la<span class=\"_ _6\"></span> partida cubierta y el instrum<span class=\"_ _1\"></span>ento de cobertura <span class=\"ff4\"> </span></span>- <span class=\"_ _1f\"> </span><span class=\"ff7\">El <span class=\"_ _c\"></span>efecto <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cr\u00e9dito <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>\u201cdomina <span class=\"_ _c\"></span>los <span class=\"_ _7\"></span>cambi<span class=\"_ _1\"></span>os <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>valor\u201d <span class=\"_ _b\"></span>que <span class=\"_ _c\"></span>resulten <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>dicha </span>relaci\u00f3n econ\u00f3mica<span class=\"_ _1\"></span>  El <span class=\"_ _c\"></span>\u00edndice <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>cobertura <span class=\"_ _b\"></span>es <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>mismo <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>resultar\u00eda <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la partida <span class=\"_ _c\"></span>cubierta <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>realmente <span class=\"_ _c\"></span>cubre <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>instrumento <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el Grupo realmente utiliza <span class=\"_ _0\"></span>para cubrir <span class=\"_ _0\"></span>dicha cantidad de la <span class=\"_ _0\"></span>partida <span class=\"_ _0\"></span>cubierta<span class=\"ls10\">. </span>A <span class=\"_ _0\"></span>efectos de su <span class=\"_ _0\"></span>valoraci\u00f3n, el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>clasifica <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>operaciones <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>realizadas <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>categor\u00eda <span class=\"_ _b\"></span><span class=\"ff7\">\u201c</span>Coberturas <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>flujos <span class=\"_ _c\"></span>de efectivo<span class=\"ff7\">\u201d</span>. <span class=\"_ _b\"></span>Estas <span class=\"_ _c\"></span>operaciones <span class=\"_ _b\"></span>cubren <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>exposici\u00f3n <span class=\"_ _c\"></span>al <span class=\"_ _b\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>variaci\u00f3n <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>flujos <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>efectivo atribuibles a cambios en los tip<span class=\"_ _1\"></span>os de inter\u00e9s de los pr\u00e9stamos recibidos <span class=\"ls22\">y <span class=\"_ _0\"></span></span>para asegurar un precio fij<span class=\"_ _6\"></span>o<span class=\"_ _38\"> </span> en la venta de energ\u00eda<span class=\"_ _6\"></span> para determinados contrat<span class=\"_ _1\"></span>os<span class=\"ls10\">.<span class=\"_ _38\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-400": {
   "value": "Instrumentos fi<span class=\"_ _1\"></span>nancieros derivad<span class=\"_ _1\"></span>os y operaciones de co<span class=\"_ _1\"></span>bertura El Gru<span class=\"_ _1\"></span>po realiza <span class=\"_ _6\"></span>operaciones <span class=\"_ _6\"></span>en donde <span class=\"_ _1\"></span>asume riesg<span class=\"_ _6\"></span>os financieros <span class=\"_ _6\"></span>derivados fu<span class=\"_ _1\"></span>ndamentalmente <span class=\"_ _6\"></span>de las<span class=\"_ _1\"></span> variaciones de los tipos de inter\u00e9s <span class=\"_ _0\"></span>y en <span class=\"_ _0\"></span>los precios de mercado de venta de energ\u00eda. P<span class=\"_ _0\"></span>ara cubrir estas exposiciones, el<span class=\"_ _1\"></span> Grupo utiliza contratos de per<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>utas fi<span class=\"_ _1\"></span>nancieras.<span class=\"_ _38\"> </span>S\u00f3lo <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>designan <span class=\"_ _c\"></span>como <span class=\"_ _7\"></span>operaciones <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>cobertura<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>aquellas <span class=\"_ _7\"></span>que <span class=\"_ _7\"></span>eliminan <span class=\"_ _c\"></span>eficazmente <span class=\"_ _7\"></span>alg\u00fan <span class=\"_ _7\"></span>riesgo<span class=\"_ _1\"></span> inherente al <span class=\"_ _1\"></span>elemento o p<span class=\"_ _6\"></span>osici\u00f3n cubierta durante<span class=\"_ _1\"></span> todo el plaz<span class=\"_ _6\"></span>o previsto de cobe<span class=\"_ _1\"></span>rtura, lo qu<span class=\"_ _1\"></span>e implica que <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>contrataci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _1\"></span>espera <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>\u00e9sta <span class=\"_ _1\"></span>act\u00fae <span class=\"_ _10\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>alto <span class=\"_ _6\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>eficacia <span class=\"_ _6\"></span>(eficacia <span class=\"_ _6\"></span>prospectiva<span class=\"_ _1\"></span>) y <span class=\"_ _0\"></span>que exista <span class=\"_ _0\"></span>una ev<span class=\"_ _0\"></span>idencia suficiente de que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cobertura ha sido <span class=\"_ _0\"></span>eficaz <span class=\"_ _0\"></span>durante la <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>del elemento o posici\u00f3n cubierta <span class=\"_ _1\"></span>(eficacia retr<span class=\"_ _1\"></span>ospectiva).<span class=\"_ _38\"> </span>Al <span class=\"_ _e\"></span>principio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>cobertura, <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>designa <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>documenta <span class=\"_ _e\"></span>formalmente <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span> cobertura que<span class=\"_ _1\"></span> se desea <span class=\"_ _1\"></span>aplicar <span class=\"_ _1\"></span>y el <span class=\"_ _1\"></span>objetivo de <span class=\"_ _1\"></span>administraci\u00f3n <span class=\"_ _1\"></span>del riesg<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> y la <span class=\"_ _6\"></span>estrategia para ap<span class=\"_ _1\"></span>licar la<span class=\"_ _6\"></span> cobertura, en aplica<span class=\"_ _1\"></span>ci\u00f3n de la NIIF<span class=\"_ _1\"></span> 9.  La <span class=\"_ _c\"></span>documentaci\u00f3n <span class=\"_ _c\"></span>incluye <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>identificaci\u00f3n <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>instru<span class=\"_ _1\"></span>mento <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>cobertura,<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>elemento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>cubierto, <span class=\"_ _7\"></span>la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma en que el Grupo evaluar\u00e1 si <span class=\"_ _0\"></span>la relaci\u00f3n de cobertura cumple<span class=\"_ _1\"></span> los <span class=\"_ _5\"> </span>requisitos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>eficacia <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>cobertura <span class=\"_ _5\"> </span>(junto <span class=\"_ _3\"> </span>con <span class=\"_ _5\"> </span>su <span class=\"_ _3\"> </span>an\u00e1lisis <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>causas <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>ineficacia <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>la<span class=\"_ _6\"></span> cobertura <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>modo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>determinar <span class=\"_ _b\"></span>el <span class=\"_ _7\"></span>ratio<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura). <span class=\"_ _c\"></span>Una <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>cobertura <span class=\"_ _c\"></span>califica <span class=\"_ _c\"></span>para contabilidad de cobe<span class=\"_ _1\"></span>rturas si cumple c<span class=\"_ _1\"></span>on todos los sig<span class=\"_ _6\"></span>uientes requisitos de efectividad<span class=\"_ _1\"></span>:  - <span class=\"_ _1f\"> </span><span class=\"ff7\">Existe una \u201crelaci<span class=\"_ _1\"></span>\u00f3n econ\u00f3mica\u201d entre la<span class=\"_ _6\"></span> partida cubierta y el instrum<span class=\"_ _1\"></span>ento de cobertura <span class=\"ff4\"> </span></span>- <span class=\"_ _1f\"> </span><span class=\"ff7\">El <span class=\"_ _c\"></span>efecto <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cr\u00e9dito <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>\u201cdomina <span class=\"_ _c\"></span>los <span class=\"_ _7\"></span>cambi<span class=\"_ _1\"></span>os <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>valor\u201d <span class=\"_ _b\"></span>que <span class=\"_ _c\"></span>resulten <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>dicha </span>relaci\u00f3n econ\u00f3mica<span class=\"_ _1\"></span>  El <span class=\"_ _c\"></span>\u00edndice <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>relaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>cobertura <span class=\"_ _b\"></span>es <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>mismo <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>resultar\u00eda <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la partida <span class=\"_ _c\"></span>cubierta <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>realmente <span class=\"_ _c\"></span>cubre <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>cantidad <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>instrumento <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>el Grupo realmente utiliza <span class=\"_ _0\"></span>para cubrir <span class=\"_ _0\"></span>dicha cantidad de la <span class=\"_ _0\"></span>partida <span class=\"_ _0\"></span>cubierta<span class=\"ls10\">. </span>A <span class=\"_ _0\"></span>efectos de su <span class=\"_ _0\"></span>valoraci\u00f3n, el <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>clasifica <span class=\"_ _b\"></span>las <span class=\"_ _c\"></span>operaciones <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>cobertura <span class=\"_ _c\"></span>realizadas <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>categor\u00eda <span class=\"_ _b\"></span><span class=\"ff7\">\u201c</span>Coberturas <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>flujos <span class=\"_ _c\"></span>de efectivo<span class=\"ff7\">\u201d</span>. <span class=\"_ _b\"></span>Estas <span class=\"_ _c\"></span>operaciones <span class=\"_ _b\"></span>cubren <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>exposici\u00f3n <span class=\"_ _c\"></span>al <span class=\"_ _b\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>variaci\u00f3n <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>flujos <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>efectivo atribuibles a cambios en los tip<span class=\"_ _1\"></span>os de inter\u00e9s de los pr\u00e9stamos recibidos <span class=\"ls22\">y <span class=\"_ _0\"></span></span>para asegurar un precio fij<span class=\"_ _6\"></span>o<span class=\"_ _38\"> </span>en la venta de energ\u00eda<span class=\"_ _6\"></span> para determinados contrat<span class=\"_ _1\"></span>os<span class=\"ls10\">.<span class=\"_ _38\"> </span></span>Para  cambiar  los  tipos  variables  por  tipo<span class=\"_ _0\"></span>s  fijos <span class=\"_ _8\"> </span>y  los  precios  variabl<span class=\"_ _1\"></span>es  de <span class=\"_ _8\"> </span>v<span class=\"_ _1\"></span>enta  de  energ\u00eda <span class=\"_ _8\"> </span>de<span class=\"_ _6\"></span> determinados con<span class=\"_ _1\"></span>tratos por precios fij<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s se contratan p<span class=\"_ _1\"></span>ermutas financieras.  La <span class=\"_ _7\"></span>parte <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>ganancia <span class=\"_ _c\"></span>o <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>p\u00e9rdida <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>instrument<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>cobertura, <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>ha <span class=\"_ _c\"></span>determinado <span class=\"_ _c\"></span>como cobertura eficaz se recon<span class=\"_ _1\"></span>oce, neto de su impacto fiscal, en el patrimonio neto <span class=\"ff7\">e<span class=\"_ _1\"></span>n el ep\u00edgrafe \u201cAjustes </span>por <span class=\"_ _5\"> </span>cambios <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>valor <span class=\"_ _7\"> </span><span class=\"ff7\">\u2013</span> <span class=\"_ _5\"> </span>Operaciones <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>cobertura<span class=\"ff7\">\u201d</span> <span class=\"_ _7\"> </span>imput\u00e1ndose <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>la <span class=\"_ _7\"> </span>cuenta <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>resultados <span class=\"_ _7\"></span>en <span class=\"_ _5\"> </span>el ejercicio <span class=\"_ _7\"> </span>o <span class=\"_ _5\"> </span>ejercicios <span class=\"_ _5\"> </span>en <span class=\"_ _5\"> </span>los <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>operaci\u00f3n <span class=\"_ _5\"> </span>cubierta <span class=\"_ _7\"></span>afecta <span class=\"_ _5\"> </span>al <span class=\"_ _5\"> </span>resultado. <span class=\"_ _5\"> </span>El <span class=\"_ _5\"> </span>movimiento <span class=\"_ _5\"> </span>por <span class=\"_ _5\"> </span>los cambios de<span class=\"_ _1\"></span> valoraci<span class=\"_ _1\"></span>\u00f3n se r<span class=\"_ _6\"></span>egistra en \u201cOtr<span class=\"_ _1\"></span>o resultado<span class=\"_ _1\"></span> global\u201d <span class=\"_ _1\"></span>dentro <span class=\"_ _6\"></span>del patrimonio <span class=\"_ _1\"></span>neto cons<span class=\"_ _1\"></span>olidado.<span class=\"ff4\"> </span>En  el <span class=\"_ _5\"> </span>caso  de <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>las <span class=\"_ _3\"> </span>coberturas <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>compromisos<span class=\"_ _1\"></span>  en <span class=\"_ _3\"> </span>firme <span class=\"_ _5\"> </span>o  transacci<span class=\"_ _1\"></span>ones  fu<span class=\"_ _1\"></span>turas  d<span class=\"_ _6\"></span>e  lugar <span class=\"_ _3\"> </span>al reconocimient<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>un <span class=\"_ _3\"> </span>activo <span class=\"_ _5\"> </span>o <span class=\"_ _3\"> </span>un <span class=\"_ _5\"> </span>pasivo <span class=\"_ _3\"> </span>no <span class=\"_ _5\"> </span>financiero, <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>benefici<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>o <span class=\"_ _5\"> </span>p\u00e9rdida <span class=\"_ _5\"> </span>acumulado <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>el<span class=\"_ _1\"></span> patrimonio neto asociadas al instrumento derivado, se tiene <span class=\"_ _0\"></span>en cuenta en <span class=\"_ _0\"></span>la determinaci\u00f3n del valor inicial del activ<span class=\"_ _1\"></span>o o pasivo que genera la<span class=\"_ _1\"></span> partida cubierta. <span class=\"_ _1\"></span> Los <span class=\"_ _13\"> </span>derivad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>registran <span class=\"_ _8\"> </span>en <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>ep\u00edgrafe<span class=\"ff7\">s <span class=\"_ _8\"> </span>\u201c<span class=\"_ _0\"></span>Acti<span class=\"_ _1\"></span>vos <span class=\"_ _13\"> </span>financier<span class=\"_ _1\"></span>os <span class=\"_ _13\"> </span>no <span class=\"_ _8\"> </span>corrientes <span class=\"_ _13\"> </span>\u2013<span class=\"ff4\"> <span class=\"_ _8\"> </span></span>Derivados\u201d <span class=\"_ _13\"> </span>e<span class=\"_ _38\"> </span></span>\u201cInversiones financieras<span class=\"_ _1\"></span> a <span class=\"_ _0\"></span>corto plazo \u2013<span class=\"ff4\"> </span>Derivados\u201d del activo<span class=\"ff4\"> si <span class=\"_ _0\"></span>su valor es positivo y <span class=\"_ _0\"></span>en los ep\u00edgrafe<span class=\"ls18\">s </span></span>\u201cDeudas <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>largo <span class=\"_ _c\"></span>plazo <span class=\"_ _b\"></span>\u2013<span class=\"ff4\"> <span class=\"_ _c\"></span></span>Derivados\u201d <span class=\"_ _c\"></span>y<span class=\"ff4\"> <span class=\"_ _c\"></span></span>\u201cDeudas <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>corto <span class=\"_ _c\"></span>plazo <span class=\"_ _c\"></span>\u2013<span class=\"ff4\"> <span class=\"_ _b\"></span></span>Derivados\u201d <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>pasivo <span class=\"_ _c\"></span><span class=\"ff4\">si <span class=\"_ _c\"></span>su <span class=\"_ _c\"></span>valor <span class=\"_ _b\"></span>es </span>negativo",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-409": {
   "value": "Pasivos financieros<span class=\"_ _1\"></span> Los <span class=\"_ _6\"></span>pasivos <span class=\"_ _1\"></span>financieros<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>se cl<span class=\"_ _1\"></span>asifican <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>recono<span class=\"_ _1\"></span>cimiento <span class=\"_ _6\"></span>inicial, <span class=\"_ _6\"></span>seg\u00fan <span class=\"_ _6\"></span>corresponda, <span class=\"_ _6\"></span>como pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>resultados, <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y <span class=\"_ _b\"></span>obligaciones, <span class=\"_ _0\"></span>cuentas por pagar o deri<span class=\"_ _1\"></span>vados designad<span class=\"_ _1\"></span>os como instrumentos de cobertura <span class=\"_ _1\"></span>efectiva.  Todos <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>reconocen <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y obligaciones y las cu<span class=\"_ _6\"></span>entas por pagar se netean los c<span class=\"_ _1\"></span>ostos de transacci\u00f3n<span class=\"_ _1\"></span> directamente atribuib<span class=\"_ _1\"></span>les<span class=\"ls10\">. </span> Posteriormente<span class=\"_ _1\"></span>, los pasivos finan<span class=\"_ _1\"></span>cieros se valoran<span class=\"_ _1\"></span> a su coste am<span class=\"_ _1\"></span>ortizado, utiliza<span class=\"_ _1\"></span>ndo la tasa de inter<span class=\"_ _1\"></span>\u00e9s efectivo. Las <span class=\"_ _0\"></span>p\u00e9rdidas y <span class=\"_ _0\"></span>ganancias se reco<span class=\"_ _0\"></span>nocen en <span class=\"_ _0\"></span>el estado <span class=\"_ _0\"></span>de resultados <span class=\"_ _0\"></span>cuando se <span class=\"_ _0\"></span>dan de <span class=\"_ _0\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>pasivos, as\u00ed como los interes<span class=\"_ _1\"></span>es devengad<span class=\"_ _1\"></span>os de acuerdo con el <span class=\"_ _1\"></span>m\u00e9todo de tasa de inter<span class=\"_ _6\"></span>\u00e9s efectiva<span class=\"_ _38\"> </span>. Las deudas <span class=\"_ _1\"></span>financieras <span class=\"_ _1\"></span>se cl<span class=\"_ _1\"></span>asifican com<span class=\"_ _1\"></span>o pasivos <span class=\"_ _1\"></span>corrientes, a<span class=\"_ _1\"></span> menos q<span class=\"_ _1\"></span>ue su <span class=\"_ _1\"></span>vencimient<span class=\"_ _1\"></span>o tenga <span class=\"_ _1\"></span>lugar<span class=\"_ _38\"> </span> a <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>doce <span class=\"_ _0\"></span>meses <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>situaci\u00f3n financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>en cuyo <span class=\"_ _e\"></span>caso se reconocer\u00e1n c<span class=\"_ _1\"></span>omo no corrientes.<span class=\"_ _38\"> </span> En <span class=\"_ _7\"> </span>cuanto <span class=\"_ _5\"> </span>a <span class=\"_ _7\"></span>las <span class=\"_ _7\"></span>condiciones <span class=\"_ _7\"></span>m\u00e1s <span class=\"_ _7\"></span>comunes <span class=\"_ _7\"> </span>incluidas <span class=\"_ _7\"></span>en <span class=\"_ _7\"> </span>los <span class=\"_ _7\"> </span>contratos <span class=\"_ _7\"> </span>con <span class=\"_ _5\"> </span>proveed<span class=\"_ _1\"></span>ores <span class=\"_ _7\"> </span>relativos <span class=\"_ _7\"></span>a construcciones d<span class=\"_ _1\"></span>e parques <span class=\"_ _1\"></span>fotovoltaicos del <span class=\"_ _1\"></span>Grupo Sol<span class=\"_ _1\"></span>aria pode<span class=\"_ _1\"></span>mos diferenciar <span class=\"_ _1\"></span>principalment<span class=\"_ _1\"></span>e entre<span class=\"_ _1\"></span> los siguientes tip<span class=\"_ _1\"></span>os.  \u2022<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Suministro <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>materiales: <span class=\"_ _10\"></span>Los <span class=\"_ _6\"></span>gastos <span class=\"_ _6\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _6\"></span>compra <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>materiales <span class=\"_ _10\"></span>se <span class=\"_ _6\"></span>reconocen <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>momento </span></span>en <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>que <span class=\"_ _7\"> </span>el <span class=\"_ _5\"> </span>Grupo <span class=\"_ _7\"></span>adquiere <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>control <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>los <span class=\"_ _7\"> </span>mismos, <span class=\"_ _7\"> </span>siendo <span class=\"_ _7\"></span>este <span class=\"_ _7\"> </span>cuando <span class=\"_ _7\"></span>se <span class=\"_ _7\"> </span>produce <span class=\"_ _7\"> </span>la entrega <span class=\"_ _6\"></span>f\u00edsica de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ateri<span class=\"_ _1\"></span>ales <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>parte <span class=\"_ _6\"></span>del pr<span class=\"_ _1\"></span>oveedor. <span class=\"_ _6\"></span>Mediante <span class=\"_ _1\"></span>esta <span class=\"_ _6\"></span>entrega se<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>transfieren los riesgos y benefici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s de los bienes adq<span class=\"_ _1\"></span>uiridos.  \u2022<span class=\"ff2\"> <span class=\"_ _15\"> </span><span class=\"ff4\">Servicios <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>instalaci\u00f3n, <span class=\"_ _c\"></span>ing<span class=\"_ _1\"></span>enier\u00eda, <span class=\"_ _c\"></span>suministro <span class=\"_ _b\"></span>y <span class=\"_ _7\"></span>construcci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>(EPC): <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>este <span class=\"_ _c\"></span>caso <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Grupo </span></span>reconoce <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>gastos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>instalaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _6\"></span>recibidos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>lo <span class=\"_ _1\"></span>largo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>tiempo, <span class=\"_ _6\"></span>entendiend<span class=\"_ _1\"></span>o que el <span class=\"_ _0\"></span>devengo del <span class=\"_ _0\"></span>gasto <span class=\"_ _0\"></span>se produce <span class=\"_ _0\"></span>a medida <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se incurre <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>costos relacionados con la <span class=\"_ _e\"></span>ejecuci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>obra <span class=\"_ _b\"></span>en <span class=\"_ _e\"></span>funci\u00f3n <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>grado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>avance. <span class=\"_ _b\"></span>Este <span class=\"_ _e\"></span>grado <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>avance <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>o<span class=\"_ _0\"></span>bra <span class=\"_ _e\"></span>se determina <span class=\"_ _3\"> </span>mediante<span class=\"_ _1\"></span>  un<span class=\"_ _1\"></span>a <span class=\"_ _3\"> </span>certificaci\u00f3n <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>los <span class=\"_ _3\"> </span>trabajos <span class=\"_ _3\"> </span>realizados <span class=\"_ _3\"> </span>en <span class=\"_ _3\"> </span>la <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>demuestra <span class=\"_ _3\"> </span>la<span class=\"_ _1\"></span> conformidad por a<span class=\"_ _1\"></span>mbas partes. Con <span class=\"_ _7\"></span>relaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>acuerdos <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>financiaci\u00f3n <span class=\"_ _c\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _c\"></span>proveedores <span class=\"_ _7\"></span>(<span class=\"ff7\">\u201c</span>confirming<span class=\"_ _6\"></span><span class=\"ff7\">\u201d<span class=\"_ _0\"></span><span class=\"ff4\">), <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>clasifica<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>los </span></span>pasivos <span class=\"_ _6\"></span>financieros <span class=\"_ _6\"></span>que <span class=\"_ _1\"></span>surgen <span class=\"_ _6\"></span>de d<span class=\"_ _1\"></span>ichos <span class=\"_ _6\"></span>acuerdos <span class=\"_ _6\"></span>dentro <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span><span class=\"ff7\">\u201c<span class=\"ff4\">Acreedores <span class=\"_ _6\"></span>comerciales <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>tras <span class=\"_ _6\"></span>cuentas </span></span>a <span class=\"_ _0\"></span>pagar<span class=\"ff7\">\u201d</span> <span class=\"_ _e\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>estado <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>situaci\u00f3n <span class=\"_ _0\"></span>financiera <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>tienen <span class=\"_ _0\"></span>una <span class=\"_ _e\"></span>naturaleza <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>funci\u00f3n <span class=\"_ _0\"></span>similar <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>cuentas por pagar c<span class=\"_ _1\"></span>omerciales. Est<span class=\"_ _1\"></span>e es el cas<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> si el a<span class=\"_ _1\"></span>cuerdo de finan<span class=\"_ _1\"></span>ciaci\u00f3n con<span class=\"_ _1\"></span> proveed<span class=\"_ _1\"></span>ores es utilizad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> en el<span class=\"_ _1\"></span> ciclo <span class=\"_ _0\"></span>operativo <span class=\"_ _0\"></span>normal <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>nivel <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>garant\u00eda <span class=\"_ _0\"></span>proporcionado <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>similar <span class=\"_ _0\"></span>al <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>por pagar <span class=\"_ _0\"></span>comerciales <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>t\u00e9rminos <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>pasivos <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>forman <span class=\"_ _0\"></span>parte <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>acuerdo <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>financiaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>la cadena <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>suministr<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>son <span class=\"_ _c\"></span>sustancialmente<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>diferentes <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>t\u00e9rminos <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>cuentas <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>pagar<span class=\"_ _6\"></span> comerciales que n<span class=\"_ _1\"></span>o forman parte del<span class=\"_ _6\"></span> acuerdo. Los flujos de efectivo r<span class=\"_ _1\"></span>elacionados con l<span class=\"_ _1\"></span>os pasivos que<span class=\"_ _6\"></span> surgen <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>acuerdos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>proveedores <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>clasifican <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span><span class=\"ff7\">\u201c</span>Acreedores <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y otras cuentas a pagar<span class=\"ff7\">\u201d</span> en el estado de <span class=\"_ _1\"></span>situaci\u00f3n financiera cons<span class=\"_ _1\"></span>olidado se incluyen en las actividade<span class=\"_ _6\"></span>s operativas en el estad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de flu<span class=\"_ _1\"></span>jos de efectivo cons<span class=\"_ _1\"></span>olidado. En relaci\u00f3n <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la informaci\u00f3n comparativa el <span class=\"_ _0\"></span>Grupo se ha <span class=\"_ _0\"></span>acogido a <span class=\"_ _0\"></span>la dispensa en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>primer a\u00f1o <span class=\"_ _0\"></span>de adopci\u00f3n de las m<span class=\"_ _1\"></span>odificaciones a la NI<span class=\"_ _1\"></span>C 7 y NIIF 7 Acu<span class=\"_ _1\"></span>erdos de Financiaci<span class=\"_ _1\"></span>\u00f3n a proveedores. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-401": {
   "value": "Pasivos financieros<span class=\"_ _1\"></span> Los <span class=\"_ _6\"></span>pasivos <span class=\"_ _1\"></span>financieros<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>se cl<span class=\"_ _1\"></span>asifican <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>recono<span class=\"_ _1\"></span>cimiento <span class=\"_ _6\"></span>inicial, <span class=\"_ _6\"></span>seg\u00fan <span class=\"_ _6\"></span>corresponda, <span class=\"_ _6\"></span>como pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>resultados, <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y <span class=\"_ _b\"></span>obligaciones, <span class=\"_ _0\"></span>cuentas por pagar o deri<span class=\"_ _1\"></span>vados designad<span class=\"_ _1\"></span>os como instrumentos de cobertura <span class=\"_ _1\"></span>efectiva.  Todos <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>pasivos <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>reconocen <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>y obligaciones y las cu<span class=\"_ _6\"></span>entas por pagar se netean los c<span class=\"_ _1\"></span>ostos de transacci\u00f3n<span class=\"_ _1\"></span> directamente atribuib<span class=\"_ _1\"></span>les<span class=\"ls10\">. </span> Posteriormente<span class=\"_ _1\"></span>, los pasivos finan<span class=\"_ _1\"></span>cieros se valoran<span class=\"_ _1\"></span> a su coste am<span class=\"_ _1\"></span>ortizado, utiliza<span class=\"_ _1\"></span>ndo la tasa de inter<span class=\"_ _1\"></span>\u00e9s efectivo. Las <span class=\"_ _0\"></span>p\u00e9rdidas y <span class=\"_ _0\"></span>ganancias se reco<span class=\"_ _0\"></span>nocen en <span class=\"_ _0\"></span>el estado <span class=\"_ _0\"></span>de resultados <span class=\"_ _0\"></span>cuando se <span class=\"_ _0\"></span>dan de <span class=\"_ _0\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>pasivos, as\u00ed como los interes<span class=\"_ _1\"></span>es devengad<span class=\"_ _1\"></span>os de acuerdo con el <span class=\"_ _1\"></span>m\u00e9todo de tasa de inter<span class=\"_ _6\"></span>\u00e9s efectiva<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-363": {
   "value": "Los <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resultan <span class=\"_ _0\"></span>indeterminados <span class=\"_ _0\"></span>respecto a <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>cancelar\u00e1n <span class=\"_ _e\"></span>se reconocen en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>estado <span class=\"_ _0\"></span>de situaci\u00f3<span class=\"_ _0\"></span>n financiera <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>provisiones<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>cuando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>tiene<span class=\"_ _6\"></span> una <span class=\"_ _e\"></span>obligaci\u00f3n <span class=\"_ _e\"></span>actual <span class=\"_ _b\"></span>(ya <span class=\"_ _e\"></span>sea <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>una <span class=\"_ _e\"></span>disposici\u00f3n <span class=\"_ _e\"></span>legal, <span class=\"_ _e\"></span>co<span class=\"_ _0\"></span>ntractual <span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>por <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>obligaci\u00f3n <span class=\"_ _e\"></span>impl\u00edcita <span class=\"_ _e\"></span><span class=\"ls23\">o </span>t\u00e1<span class=\"ls0\">cita), <span class=\"_ _c\"></span>surgida <span class=\"_ _c\"></span>como <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>nsecuencia <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>suces<span class=\"_ _1\"></span>os <span class=\"_ _c\"></span>pasados, <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>estima <span class=\"_ _7\"></span>probab<span class=\"_ _1\"></span>le <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>suponga <span class=\"_ _c\"></span><span class=\"lse\">una</span> </span>salida de recursos<span class=\"_ _1\"></span> para su liquid<span class=\"_ _1\"></span>aci\u00f3n <span class=\"ls25\">y </span>que es cuantifi<span class=\"_ _1\"></span>cable. A  la <span class=\"_ _8\"> </span>fecha <span class=\"_ _8\"> </span>de  formulaci\u00f3n  de <span class=\"_ _8\"> </span>las  presentes <span class=\"_ _8\"> </span>cuent<span class=\"_ _1\"></span>as <span class=\"_ _8\"> </span>anuales  consolidadas,  lo<span class=\"_ _0\"></span>s <span class=\"_ _8\"> </span>Adminis<span class=\"_ _6\"></span>tradores diferencian entre:<span class=\"_ _1\"></span> - <span class=\"_ _1c\"> </span><span class=\"ff8\">Provisiones:<span class=\"ff4\">  oblig<span class=\"_ _1\"></span>aciones <span class=\"_ _3\"> </span>existentes <span class=\"_ _3\"> </span>a  la  f<span class=\"_ _1\"></span>echa  de <span class=\"_ _3\"> </span>cierre  surg<span class=\"_ _1\"></span>idas  como  c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nsecuencia <span class=\"_ _3\"> </span>de </span></span>sucesos <span class=\"_ _e\"></span>pasados, <span class=\"_ _b\"></span>sobre <span class=\"_ _e\"></span>los <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>existe <span class=\"_ _e\"></span>incertidumbre <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>cuanto <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>cuant\u00eda <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>vencimiento<span class=\"_ _0\"></span>, pero de las que es probable que puedan<span class=\"_ _1\"></span> derivarse perjuicios patrimonial<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>para el Grupo y el importe de la deuda <span class=\"_ _1\"></span>correspondien<span class=\"_ _1\"></span>te se puede estima<span class=\"_ _1\"></span>r de manera fiabl<span class=\"_ _1\"></span>e. - <span class=\"_ _1c\"> </span><span class=\"ff8\">Pasivos contingentes:<span class=\"ff4\"> oblig<span class=\"_ _1\"></span>aciones posibles surgidas como consecuenci<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>de sucesos pasados,<span class=\"_ _1\"></span> </span></span>cuya  ma<span class=\"_ _1\"></span>terializaci\u00f3n <span class=\"_ _3\"> </span>est\u00e1 <span class=\"_ _3\"> </span>condicionada  a <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>ocurran <span class=\"_ _3\"> </span>o  no, <span class=\"_ _3\"> </span>uno <span class=\"_ _3\"> </span>o  m\u00e1s <span class=\"_ _3\"> </span>sucesos <span class=\"_ _3\"> </span>futuros inciertos <span class=\"_ _6\"></span>que n<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>est\u00e1n ent<span class=\"_ _6\"></span>eramente <span class=\"_ _1\"></span>bajo <span class=\"_ _6\"></span>el <span class=\"_ _1\"></span>control <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>Grupo <span class=\"_ _6\"></span>y no <span class=\"_ _10\"></span>cum<span class=\"_ _0\"></span>plen <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>requisitos <span class=\"_ _1\"></span>para<span class=\"_ _38\"> </span>poder <span class=\"_ _8\"> </span>reconocerl<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>como  prov<span class=\"_ _0\"></span>isiones <span class=\"_ _8\"> </span>y <span class=\"_ _8\"> </span>aquellas  obligaciones <span class=\"_ _8\"> </span>presentes,  surgidas <span class=\"_ _8\"> </span>como consecuencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sucesos <span class=\"_ _10\"></span>pasados, <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>probable <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>haya <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>salida <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>recursos para su liquidaci\u00f3n o que <span class=\"_ _0\"></span>no se pueden valorar con suficiente fiabilidad. Estos pasivos no so<span class=\"_ _0\"></span>n objeto de <span class=\"_ _6\"></span>registro c<span class=\"_ _1\"></span>ontable, <span class=\"_ _1\"></span>detall\u00e1ndose <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ismos e<span class=\"_ _6\"></span>n la <span class=\"_ _1\"></span>memoria, excep<span class=\"_ _6\"></span>to<span class=\"_ _0\"></span> cua<span class=\"_ _6\"></span>ndo la sali<span class=\"_ _1\"></span>da de recursos es rem<span class=\"_ _1\"></span>ota. En <span class=\"_ _e\"></span>su <span class=\"_ _0\"></span>caso, <span class=\"_ _b\"></span>las <span class=\"_ _0\"></span>provisiones <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>valoran <span class=\"_ _e\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>actual <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>mejor <span class=\"_ _0\"></span>estimaci\u00f3n <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sible <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>importe necesario <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>cancelar <span class=\"_ _6\"></span>o tran<span class=\"_ _1\"></span>sferir <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>tercero <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>bligaci\u00f3n, <span class=\"_ _6\"></span>registr\u00e1ndos<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>que <span class=\"_ _1\"></span>surjan <span class=\"_ _6\"></span>por la <span class=\"_ _b\"></span>actualizaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>provisi\u00f3n <span class=\"_ _b\"></span>como <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>gasto <span class=\"_ _b\"></span>financiero<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>forme <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>van <span class=\"_ _b\"></span>devengan<span class=\"_ _1\"></span>do. <span class=\"_ _b\"></span>Cuando <span class=\"_ _b\"></span>se trata <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>provisiones <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>vencimiento<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>inferior <span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>igual <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>a\u00f1o, y<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>el ef<span class=\"_ _1\"></span>ecto <span class=\"_ _6\"></span>financiero <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>es sig<span class=\"_ _1\"></span>nificativo, no <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>lleva <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>cabo <span class=\"_ _e\"></span>ning\u00fan <span class=\"_ _e\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>descuento. <span class=\"_ _0\"></span>Las <span class=\"_ _e\"></span>provisiones <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>revisan <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>cierre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cada estado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>situaci\u00f3n <span class=\"_ _e\"></span>financi<span class=\"_ _1\"></span>ero <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>son <span class=\"_ _e\"></span>ajustadas <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bjetivo <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>reflejar <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>mejor <span class=\"_ _e\"></span>estimaci\u00f3n <span class=\"_ _0\"></span>actual del pasivo correspond<span class=\"_ _1\"></span>iente en cada <span class=\"_ _1\"></span>momento.  A <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cierre de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>presentes <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales consolidadas, el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>mantiene so<span class=\"_ _0\"></span>lo un <span class=\"_ _0\"></span>litigio por <span class=\"_ _0\"></span>importe de <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1 millones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros. <span class=\"_ _0\"></span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span><span class=\"lsb\">la</span>s <span class=\"_ _0\"></span>pruebas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>argumentos legales <span class=\"_ _0\"></span>presentados<span class=\"_ _1\"></span> se sostiene un<span class=\"_ _1\"></span>a sentencia d<span class=\"_ _6\"></span>ese<span class=\"_ _0\"></span>stimatoria<span class=\"_ _1\"></span> de las de<span class=\"_ _1\"></span>mandas interpue<span class=\"_ _1\"></span>stas contra<span class=\"_ _1\"></span> el Grupo, catal<span class=\"_ _1\"></span>ogando la probabilidad de fall<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> en contra del Grupo<span class=\"_ _1\"></span> como remoto.<span class=\"_ _38\"> </span>Los activos conting<span class=\"_ _1\"></span>entes del Grupo solo se<span class=\"_ _1\"></span> reconocen cua<span class=\"_ _1\"></span>ndo son virtualmente <span class=\"_ _1\"></span>ciertos<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-418": {
   "value": "4.<span class=\"ls0\">9         Sub<span class=\"_ _1\"></span>venciones </span>Las <span class=\"_ _b\"></span>subvenciones <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>rganism<span class=\"_ _1\"></span>os <span class=\"_ _c\"></span>p\u00fablicos <span class=\"_ _b\"></span>relacionadas <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>el <span class=\"_ _c\"></span>inmovilizad<span class=\"_ _6\"></span>o <span class=\"_ _c\"></span>material <span class=\"_ _b\"></span>e <span class=\"_ _c\"></span>intangible<span class=\"_ _6\"></span> <span class=\"_ _c\"></span>se consideran <span class=\"_ _c\"></span>ingresos<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>diferidos, <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>clasifican <span class=\"_ _b\"></span>dentro <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>ep\u00edgrafe <span class=\"_ _c\"></span><span class=\"ff7\">\u201c</span>Otros <span class=\"_ _c\"></span>pasivos <span class=\"_ _c\"></span>corrientes<span class=\"ff7\">\u201d <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>\u201cOtros </span>pasivos <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>corrientes\u201d<span class=\"ff4\"> <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>llevan <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>resultados<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>funci\u00f3n <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>idas <span class=\"_ _e\"></span>\u00fatiles <span class=\"_ _e\"></span>estimadas <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _e\"></span>activos<span class=\"_ _1\"></span> </span>correspondientes, baj<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> el ep\u00edg<span class=\"_ _1\"></span>rafe de <span class=\"ff7\">\u201c</span>Otros ingresos<span class=\"ff7\">\u201d</span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-364": {
   "value": "4.10<span class=\"ls0\"> <span class=\"_ _23\"> </span>Impuestos sobre be<span class=\"_ _1\"></span>neficios. Acti<span class=\"_ _1\"></span>vos y pasivos por<span class=\"_ _1\"></span> impue<span class=\"_ _1\"></span>sto diferidos </span>El impu<span class=\"_ _1\"></span>esto <span class=\"_ _1\"></span>corriente <span class=\"_ _6\"></span>es la <span class=\"_ _6\"></span>cantidad a <span class=\"_ _6\"></span>pagar <span class=\"_ _1\"></span>o a<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>cuperar <span class=\"_ _6\"></span>por el <span class=\"_ _6\"></span>impuesto <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>ganancias <span class=\"_ _6\"></span>relativa a <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>ganancia <span class=\"_ _c\"></span>o <span class=\"_ _7\"></span>p\u00e9rdida <span class=\"_ _c\"></span>fiscal <span class=\"_ _c\"></span>consolidada <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>ejercicio. <span class=\"_ _c\"></span>Se <span class=\"_ _7\"></span>calcula <span class=\"_ _b\"></span>mediante <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>suma <span class=\"_ _7\"></span>del <span class=\"_ _c\"></span>impuesto<span class=\"_ _6\"></span> corriente, <span class=\"_ _6\"></span>que resulta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>aplicar <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>correspondiente <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de grava<span class=\"_ _1\"></span>men <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>la base <span class=\"_ _6\"></span>imponible <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>ejercicio menos <span class=\"_ _7\"></span>las <span class=\"_ _c\"></span>bonificaciones <span class=\"_ _c\"></span>y <span class=\"_ _7\"> </span>deducciones <span class=\"_ _7\"></span>existentes, <span class=\"_ _c\"></span>y <span class=\"_ _7\"> </span>de <span class=\"_ _7\"> </span>las <span class=\"_ _7\"></span>variaciones <span class=\"_ _c\"></span>producidas <span class=\"_ _c\"></span>durante <span class=\"_ _7\"></span>dicho ejercicio <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>activos <span class=\"_ _b\"></span>y <span class=\"_ _c\"></span>pasivos <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>impuestos <span class=\"_ _c\"></span>difer<span class=\"_ _1\"></span>idos <span class=\"_ _c\"></span>registrados. <span class=\"_ _b\"></span>Se <span class=\"_ _c\"></span>recon<span class=\"_ _1\"></span>oce <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>cuenta <span class=\"_ _c\"></span>de resultados, <span class=\"_ _8\"> </span>excepto <span class=\"_ _13\"> </span>cuando <span class=\"_ _13\"> </span>corr<span class=\"_ _1\"></span>esponde <span class=\"_ _13\"> </span>a <span class=\"_ _8\"> </span>transacciones <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>se <span class=\"_ _8\"> </span>registran <span class=\"_ _13\"> </span>directam<span class=\"_ _1\"></span>ente <span class=\"_ _13\"> </span>en <span class=\"_ _8\"> </span>el patrimonio <span class=\"_ _10\"></span>neto, <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>cuyo <span class=\"_ _6\"></span>caso <span class=\"_ _10\"></span>el i<span class=\"_ _6\"></span>mpuesto <span class=\"_ _6\"></span>correspondiente <span class=\"_ _6\"></span>tambi\u00e9n <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registra <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _1\"></span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>neto.  Los i<span class=\"_ _1\"></span>mpuestos diferi<span class=\"_ _1\"></span>dos <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>registran <span class=\"_ _1\"></span>para las <span class=\"_ _6\"></span>diferencias <span class=\"_ _1\"></span>temporarias <span class=\"_ _6\"></span>existentes <span class=\"ls26\">en</span> la <span class=\"_ _6\"></span>fecha del <span class=\"_ _1\"></span>estado de situaci\u00f3n fin<span class=\"_ _1\"></span>anciera <span class=\"_ _1\"></span>consolidada entre la <span class=\"_ _6\"></span>base fiscal <span class=\"_ _1\"></span>de los activ<span class=\"_ _1\"></span>os y pasi<span class=\"_ _1\"></span>vos y s<span class=\"_ _1\"></span>us valores c<span class=\"_ _1\"></span>ontables a <span class=\"_ _e\"></span>fecha <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cierre. <span class=\"_ _0\"></span>Se <span class=\"_ _e\"></span>considera <span class=\"_ _e\"></span>como <span class=\"_ _0\"></span>base <span class=\"_ _e\"></span>fiscal <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>elemento <span class=\"_ _e\"></span>patrimonial <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>importe <span class=\"_ _e\"></span>atribuido <span class=\"_ _0\"></span>al mismo a efectos fis<span class=\"_ _1\"></span>cales.  El <span class=\"_ _b\"></span>efecto <span class=\"_ _c\"></span>imposi<span class=\"_ _1\"></span>tivo <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>diferencias <span class=\"_ _b\"></span>temporarias <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>incluye <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>correspondientes <span class=\"_ _b\"></span>ep\u00edgrafes <span class=\"_ _b\"></span>de \u201cActivos por impues<span class=\"_ _1\"></span>to diferido\u201d y <span class=\"_ _1\"></span>\u201cPasivos por impu<span class=\"_ _1\"></span>esto diferido\u201d del <span class=\"ff4\">estado de<span class=\"_ _1\"></span> situaci\u00f3n financi<span class=\"_ _1\"></span>era. </span>El <span class=\"_ _6\"></span>Grupo reconoc<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>un <span class=\"_ _6\"></span>pasivo por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _1\"></span>para <span class=\"_ _6\"></span>todas las <span class=\"_ _6\"></span>diferencias <span class=\"_ _6\"></span>temporarias <span class=\"_ _6\"></span>imponibles<span class=\"ls27\">, </span>salvo, en su caso, para l<span class=\"_ _6\"></span>as excepciones previstas en la <span class=\"_ _6\"></span>no<span class=\"_ _0\"></span>rmativa vigen<span class=\"_ _1\"></span>te.<span class=\"_ _38\"> </span> El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>reconoce <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>para <span class=\"_ _10\"></span>to<span class=\"_ _0\"></span>das <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>diferencias <span class=\"_ _10\"></span>temporarias <span class=\"_ _6\"></span>deducibles,<span class=\"_ _6\"></span> cr\u00e9ditos <span class=\"_ _e\"></span>fiscales <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>utilizad<span class=\"_ _1\"></span>os <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>bases <span class=\"_ _e\"></span>imponibles <span class=\"_ _e\"></span>negativas <span class=\"_ _e\"></span>pendien<span class=\"_ _1\"></span>tes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>compensar, <span class=\"_ _0\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>medida<span class=\"_ _0\"></span> en  que <span class=\"_ _8\"> </span>resulte  probable  que  el  Grupo <span class=\"_ _8\"> </span>disponga  de  ganancias  fiscales <span class=\"_ _8\"> </span>futur<span class=\"_ _1\"></span>as  que <span class=\"_ _8\"> </span>permitan  la<span class=\"_ _6\"></span> aplicaci\u00f3n de estos<span class=\"_ _1\"></span> activos, salvo, <span class=\"_ _1\"></span>en su caso, para las <span class=\"_ _1\"></span>excepciones previ<span class=\"_ _1\"></span>stas en la nor<span class=\"_ _1\"></span>mativa vigente. En la f<span class=\"_ _6\"></span>echa de cier<span class=\"_ _1\"></span>re de <span class=\"_ _1\"></span>cada ejer<span class=\"_ _1\"></span>cicio el <span class=\"_ _6\"></span>Grupo eval\u00faa l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s activ<span class=\"_ _1\"></span>os por<span class=\"_ _1\"></span> impuesto <span class=\"_ _1\"></span>diferido r<span class=\"_ _6\"></span>econocidos <span class=\"ls22\">y </span>aquellos <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>no <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>han <span class=\"_ _e\"></span>reconocid<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>anteriormen<span class=\"_ _1\"></span>te. <span class=\"_ _0\"></span>En <span class=\"_ _e\"></span>base <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>tal <span class=\"_ _e\"></span>evaluaci\u00f3n, <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>procede <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>dar de <span class=\"_ _e\"></span>baja <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>activo <span class=\"_ _e\"></span>reconocido <span class=\"_ _e\"></span>anteriormente <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>ya <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>resulta <span class=\"_ _e\"></span>probable <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>recuperaci\u00f3n, <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>procede <span class=\"_ _e\"></span>a registrar <span class=\"_ _c\"></span>cualquier <span class=\"_ _c\"></span>activo <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>impuesto <span class=\"_ _c\"></span>diferido <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>reconocido <span class=\"_ _b\"></span>anteriormente <span class=\"_ _c\"></span>siempre <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>resulte probable que el Grup<span class=\"_ _1\"></span>o disponga de ganancias<span class=\"_ _1\"></span> fiscales fu<span class=\"_ _1\"></span>turas que permitan su<span class=\"_ _1\"></span> aplicaci\u00f3n.  Los <span class=\"_ _5\"> </span>activos <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>pasivos <span class=\"_ _5\"> </span>por <span class=\"_ _7\"> </span>impuesto <span class=\"_ _3\"> </span>diferid<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>se <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>aloran<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>los <span class=\"_ _5\"> </span>tipos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>gravam<span class=\"_ _1\"></span>en <span class=\"_ _5\"> </span>esperados <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>el<span class=\"_ _1\"></span> momento <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>reversi\u00f3n, <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>normativa <span class=\"_ _e\"></span>vigente <span class=\"_ _e\"></span>aprobada, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>acuerdo <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>forma <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>que racionalmente se<span class=\"_ _1\"></span> espera recup<span class=\"_ _1\"></span>erar o pagar el activo<span class=\"_ _1\"></span> o pasivo por impuesto diferi<span class=\"_ _1\"></span>do.  Los activo<span class=\"_ _1\"></span>s y pasiv<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s por <span class=\"_ _1\"></span>impuesto <span class=\"_ _1\"></span>diferido n<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> se <span class=\"_ _1\"></span>descuentan <span class=\"_ _1\"></span>y se <span class=\"_ _6\"></span>clasifican como <span class=\"_ _6\"></span>activos y pasivos<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span> corrientes, indep<span class=\"_ _1\"></span>endientemente de la<span class=\"_ _1\"></span> fecha esperad<span class=\"_ _1\"></span>a de realizaci\u00f3n o liqu<span class=\"_ _1\"></span>idaci\u00f3n<span class=\"ls10\">. </span> Las <span class=\"_ _1\"></span>diferencias <span class=\"_ _6\"></span>temporarias<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>derivadas <span class=\"_ _6\"></span>de la<span class=\"_ _1\"></span>s <span class=\"_ _1\"></span>eliminaci<span class=\"_ _1\"></span>ones <span class=\"_ _6\"></span>de result<span class=\"_ _1\"></span>ados <span class=\"_ _6\"></span>entre las<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>empresas <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>grupo<span class=\"_ _38\"> </span>fiscal <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>reconocen <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>sociedad <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>ha <span class=\"_ _b\"></span>generado <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>resultado <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>valoran <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>impositivo aplicable a la mis<span class=\"_ _1\"></span>ma.<span class=\"_ _38\"> </span>Por <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>resultados fiscales <span class=\"_ _0\"></span>negativos <span class=\"_ _0\"></span>procedentes de <span class=\"_ _0\"></span>algunas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>sociedades del <span class=\"_ _0\"></span>Grupo<span class=\"_ _1\"></span> que <span class=\"_ _0\"></span>han <span class=\"_ _e\"></span>sido <span class=\"_ _0\"></span>compensados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>resto <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>sociedades <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>consolidad<span class=\"_ _1\"></span>o, <span class=\"_ _0\"></span>surge <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>cr\u00e9dito y d\u00e9bito rec\u00edproco entre <span class=\"_ _0\"></span>las sociedades a <span class=\"_ _0\"></span>las que co<span class=\"_ _0\"></span>rres<span class=\"_ _1\"></span>ponden <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>las sociedades que lo <span class=\"_ _0\"></span>compensan<span class=\"ls10\">. </span>En caso <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>exista <span class=\"_ _c\"></span>un <span class=\"_ _c\"></span>resultado <span class=\"_ _c\"></span>fiscal <span class=\"_ _c\"></span>negativo <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>no <span class=\"_ _7\"></span>pueda<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>ser <span class=\"_ _7\"></span>compensad<span class=\"_ _1\"></span>o <span class=\"_ _c\"></span>por <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>resto <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>las sociedades  del  grupo  fiscal  consolidado,  estos  cr\u00e9ditos  fiscales <span class=\"_ _8\"> </span>p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r  p\u00e9rdidas  compensables  son reconocidos <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>activos <span class=\"_ _17\"> </span>por <span class=\"_ _12\"> </span>im<span class=\"_ _0\"></span>puest<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>diferido <span class=\"_ _12\"> </span>siguiendo <span class=\"_ _12\"> </span>los <span class=\"_ _17\"> </span>criterios <span class=\"_ _12\"> </span>establecidos <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>su reconocimient<span class=\"_ _1\"></span>o, considerando el grupo<span class=\"_ _1\"></span> fiscal como su<span class=\"_ _1\"></span>jeto pasivo. Solaria <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Medio <span class=\"_ _1\"></span>Ambien<span class=\"_ _1\"></span>te, S.<span class=\"_ _1\"></span>A. <span class=\"_ _6\"></span>es la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>dominante <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>grupo fisc<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>espa\u00f1ol, <span class=\"_ _6\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _6\"></span>registra<span class=\"_ _38\"> </span> el <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>total a<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pagar <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>devolver <span class=\"_ _6\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>Impuesto <span class=\"_ _6\"></span>sobre S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ciedades <span class=\"_ _10\"></span>co<span class=\"_ _0\"></span>nsolida<span class=\"_ _1\"></span>do <span class=\"_ _1\"></span>con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>o abon<span class=\"_ _6\"></span>o a cr\u00e9ditos o a deud<span class=\"_ _1\"></span>as con empresas del Gru<span class=\"_ _1\"></span>po y asocia<span class=\"_ _1\"></span>das<span class=\"_ _38\"> </span>. En <span class=\"_ _6\"></span>relaci\u00f3n c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>la m<span class=\"_ _1\"></span>odificaci\u00f3n <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el I<span class=\"_ _1\"></span>mpuesto <span class=\"_ _6\"></span>sobre <span class=\"_ _1\"></span>Sociedades <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>materia <span class=\"_ _6\"></span>de di<span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>idendos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>plusval\u00edas contemplada <span class=\"_ _0\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>Ley <span class=\"_ _b\"></span>11/2020, <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>30 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre, <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>Presupuest<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>Generales <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>Estado <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el a\u00f1o 2021, publicada en el BOE <span class=\"_ _0\"></span>de 31 de diciembre de 2020, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>cuanto a la exenci\u00f3n prevista para las rentas <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>art\u00edculo <span class=\"_ _b\"></span>21 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>LIS <span class=\"_ _b\"></span>cuando <span class=\"_ _b\"></span>proceden <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>participaciones <span class=\"_ _e\"></span>superiores <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>5% <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>un superior <span class=\"_ _6\"></span>a 20 <span class=\"_ _6\"></span>millones <span class=\"_ _6\"></span>y que <span class=\"_ _1\"></span>sean <span class=\"_ _6\"></span>espa\u00f1olas <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>esidentes en <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>pa\u00eds <span class=\"_ _1\"></span>con <span class=\"_ _6\"></span>convenio <span class=\"_ _1\"></span>de dobl<span class=\"_ _6\"></span>e imposici\u00f3n<span class=\"_ _6\"></span> o <span class=\"_ _7\"></span>tributaci\u00f3n <span class=\"_ _c\"></span>nominal <span class=\"_ _c\"></span>m\u00ednima <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>10%, <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>hasta <span class=\"_ _c\"></span>ahora <span class=\"_ _7\"></span>estaban <span class=\"_ _c\"></span>exentas <span class=\"_ _7\"></span>al <span class=\"_ _c\"></span>100%, <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>limita <span class=\"_ _7\"></span>dicha exenci\u00f3n desde l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s ejercici<span class=\"_ _1\"></span>os iniciados a partir<span class=\"_ _6\"></span> de 1 de enero de<span class=\"_ _1\"></span> 2021, a un <span class=\"_ _1\"></span>95% de la renta<span class=\"_ _6\"></span> puesta de manifiesto, <span class=\"_ _6\"></span>lo que, <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>pr\u00e1ctica, <span class=\"_ _1\"></span>supone <span class=\"_ _6\"></span>la tributaci\u00f3<span class=\"_ _1\"></span>n efec<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>de un <span class=\"_ _6\"></span>1,25% <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>dividendo distribu<span class=\"_ _1\"></span>ido o <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>la <span class=\"_ _5\"> </span>plusval\u00eda <span class=\"_ _7\"></span>materializad<span class=\"_ _1\"></span>a. <span class=\"_ _7\"> </span>En <span class=\"_ _5\"> </span>relaci\u00f3n <span class=\"_ _5\"> </span>con <span class=\"_ _7\"> </span>esta <span class=\"_ _7\"> </span>m<span class=\"_ _0\"></span>ateria, <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>Grupo <span class=\"_ _7\"></span>no <span class=\"_ _5\"> </span>registra <span class=\"_ _7\"></span>un <span class=\"_ _7\"> </span>pasivo <span class=\"_ _5\"> </span>por impuesto <span class=\"_ _e\"></span>diferido <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>considerar <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>puede <span class=\"_ _b\"></span>controlar <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>momento <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>reversi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>diferencia <span class=\"_ _b\"></span>y adem\u00e1s que es probab<span class=\"_ _1\"></span>le que tal diferencia n<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> revierta en un<span class=\"_ _1\"></span> futuro previsible.<span class=\"_ _1\"></span> De <span class=\"_ _e\"></span>acuerdo co<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>Disposici\u00f3n <span class=\"_ _0\"></span>adicional <span class=\"_ _0\"></span>19\u00aa <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>Ley <span class=\"_ _0\"></span>38/2022, <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>27 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>diciembre, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Ley <span class=\"_ _e\"></span>7/2024<span class=\"ls27\">, </span>para los <span class=\"_ _0\"></span>per\u00edodos <span class=\"_ _0\"></span>impositivos iniciados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>a\u00f1o <span class=\"_ _0\"></span>2023, 2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2025, <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>efectos de <span class=\"_ _0\"></span>determinar la <span class=\"_ _0\"></span>base imponible <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>grupo <span class=\"_ _e\"></span>fiscal, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>toma <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>100% <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>bases <span class=\"_ _e\"></span>imponibles <span class=\"_ _e\"></span>individuale<span class=\"_ _1\"></span>s <span class=\"_ _e\"></span>po<span class=\"_ _0\"></span>sitivas, <span class=\"_ _0\"></span>y <span class=\"_ _b\"></span>solo <span class=\"_ _0\"></span>el<span class=\"_ _38\"> </span> 50% de las <span class=\"_ _6\"></span>bases imponible<span class=\"_ _1\"></span>s individuales <span class=\"_ _1\"></span>negativas q<span class=\"_ _1\"></span>ue hayan generad<span class=\"_ _6\"></span>o las entidades <span class=\"_ _1\"></span>integrantes <span class=\"_ _1\"></span>del grupo.  Las <span class=\"_ _0\"></span>bases <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ponibles<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>negativas <span class=\"_ _e\"></span>individu<span class=\"_ _1\"></span>ales <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>no <span class=\"_ _0\"></span>sean <span class=\"_ _0\"></span>compensadas <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>incorpor\u00e1n <span class=\"_ _0\"></span>a la <span class=\"_ _3\"> </span>base <span class=\"_ _3\"> </span>imponible <span class=\"_ _3\"> </span>del <span class=\"_ _3\"> </span>Grupo <span class=\"_ _3\"> </span>en <span class=\"_ _3\"> </span>los  p<span class=\"_ _1\"></span>er\u00edodos <span class=\"_ _3\"> </span>impos<span class=\"_ _1\"></span>itivos <span class=\"_ _3\"> </span>siguientes, <span class=\"_ _3\"> </span>distribuy<span class=\"_ _1\"></span>\u00e9ndose <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>manera equitativa a lo largo <span class=\"_ _0\"></span>de los diez primeros per\u00edodos imp<span class=\"_ _1\"></span>ositivos que comiencen a partir del 1 de enero de 2024, <span class=\"_ _1\"></span>2025 <span class=\"_ _1\"></span>y 2026 seg\u00fa<span class=\"_ _6\"></span>n corresponda. Es i<span class=\"_ _1\"></span>mportante <span class=\"_ _1\"></span>se\u00f1alar que <span class=\"_ _6\"></span>esta integraci\u00f3n <span class=\"_ _1\"></span>no est\u00e1<span class=\"_ _1\"></span> sujeta <span class=\"_ _1\"></span>a que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>imponible <span class=\"_ _0\"></span>individual de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>entidad <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>gener\u00f3 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>imponible <span class=\"_ _0\"></span>negativa <span class=\"_ _0\"></span>pendiente sea positiva, <span class=\"_ _e\"></span>ni <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>imponible <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>Grupo <span class=\"_ _0\"></span>antes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>esta <span class=\"_ _b\"></span>integraci\u00f3n <span class=\"_ _0\"></span>sea <span class=\"_ _e\"></span>positiva, <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>lo <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>los l\u00edmites del grupo en fun<span class=\"_ _1\"></span>ci\u00f3n del imp<span class=\"_ _1\"></span>orte neto de la cif<span class=\"_ _1\"></span>ra de negocios no son<span class=\"_ _1\"></span> aplicables. En cuanto a la inconstitu<span class=\"_ _6\"></span>cionalidad Real  <span class=\"_ _24\"></span>Decreto-ley  3<span class=\"_ _1\"></span>/2016,  el  Gr<span class=\"_ _6\"></span>upo  no  present\u00f3  reclama<span class=\"_ _1\"></span>ciones, como resultado, n<span class=\"_ _1\"></span>o ha tenido un impa<span class=\"_ _1\"></span>cto en los estad<span class=\"_ _1\"></span>os de situaci\u00f3n financiera<span class=\"_ _6\"></span> consolidados.<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-386": {
   "value": "Los i<span class=\"_ _1\"></span>mpuestos diferi<span class=\"_ _1\"></span>dos <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>registran <span class=\"_ _1\"></span>para las <span class=\"_ _6\"></span>diferencias <span class=\"_ _1\"></span>temporarias <span class=\"_ _6\"></span>existentes <span class=\"ls26\">en</span> la <span class=\"_ _6\"></span>fecha del <span class=\"_ _1\"></span>estado de situaci\u00f3n fin<span class=\"_ _1\"></span>anciera <span class=\"_ _1\"></span>consolidada entre la <span class=\"_ _6\"></span>base fiscal <span class=\"_ _1\"></span>de los activ<span class=\"_ _1\"></span>os y pasi<span class=\"_ _1\"></span>vos y s<span class=\"_ _1\"></span>us valores c<span class=\"_ _1\"></span>ontables a <span class=\"_ _e\"></span>fecha <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cierre. <span class=\"_ _0\"></span>Se <span class=\"_ _e\"></span>considera <span class=\"_ _e\"></span>como <span class=\"_ _0\"></span>base <span class=\"_ _e\"></span>fiscal <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>elemento <span class=\"_ _e\"></span>patrimonial <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>importe <span class=\"_ _e\"></span>atribuido <span class=\"_ _0\"></span>al mismo a efectos fis<span class=\"_ _1\"></span>cales.  El <span class=\"_ _b\"></span>efecto <span class=\"_ _c\"></span>imposi<span class=\"_ _1\"></span>tivo <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>diferencias <span class=\"_ _b\"></span>temporarias <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>incluye <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>correspondientes <span class=\"_ _b\"></span>ep\u00edgrafes <span class=\"_ _b\"></span>de \u201cActivos por impues<span class=\"_ _1\"></span>to diferido\u201d y <span class=\"_ _1\"></span>\u201cPasivos por impu<span class=\"_ _1\"></span>esto diferido\u201d del <span class=\"ff4\">estado de<span class=\"_ _1\"></span> situaci\u00f3n financi<span class=\"_ _1\"></span>era. </span>El <span class=\"_ _6\"></span>Grupo reconoc<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>un <span class=\"_ _6\"></span>pasivo por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _1\"></span>para <span class=\"_ _6\"></span>todas las <span class=\"_ _6\"></span>diferencias <span class=\"_ _6\"></span>temporarias <span class=\"_ _6\"></span>imponibles<span class=\"ls27\">, </span>salvo, en su caso, para l<span class=\"_ _6\"></span>as excepciones previstas en la <span class=\"_ _6\"></span>no<span class=\"_ _0\"></span>rmativa vigen<span class=\"_ _1\"></span>te.<span class=\"_ _38\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>reconoce <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>para <span class=\"_ _10\"></span>to<span class=\"_ _0\"></span>das <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>diferencias <span class=\"_ _10\"></span>temporarias <span class=\"_ _6\"></span>deducibles,<span class=\"_ _6\"></span> cr\u00e9ditos <span class=\"_ _e\"></span>fiscales <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>utilizad<span class=\"_ _1\"></span>os <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>bases <span class=\"_ _e\"></span>imponibles <span class=\"_ _e\"></span>negativas <span class=\"_ _e\"></span>pendien<span class=\"_ _1\"></span>tes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>compensar, <span class=\"_ _0\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>medida<span class=\"_ _0\"></span> en  que <span class=\"_ _8\"> </span>resulte  probable  que  el  Grupo <span class=\"_ _8\"> </span>disponga  de  ganancias  fiscales <span class=\"_ _8\"> </span>futur<span class=\"_ _1\"></span>as  que <span class=\"_ _8\"> </span>permitan  la<span class=\"_ _6\"></span> aplicaci\u00f3n de estos<span class=\"_ _1\"></span> activos, salvo, <span class=\"_ _1\"></span>en su caso, para las <span class=\"_ _1\"></span>excepciones previ<span class=\"_ _1\"></span>stas en la nor<span class=\"_ _1\"></span>mativa vigente. En la f<span class=\"_ _6\"></span>echa de cier<span class=\"_ _1\"></span>re de <span class=\"_ _1\"></span>cada ejer<span class=\"_ _1\"></span>cicio el <span class=\"_ _6\"></span>Grupo eval\u00faa l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s activ<span class=\"_ _1\"></span>os por<span class=\"_ _1\"></span> impuesto <span class=\"_ _1\"></span>diferido r<span class=\"_ _6\"></span>econocidos <span class=\"ls22\">y </span>aquellos <span class=\"_ _0\"></span>que <span class=\"_ _e\"></span>no <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>han <span class=\"_ _e\"></span>reconocid<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>anteriormen<span class=\"_ _1\"></span>te. <span class=\"_ _0\"></span>En <span class=\"_ _e\"></span>base <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>tal <span class=\"_ _e\"></span>evaluaci\u00f3n, <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>procede <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>dar de <span class=\"_ _e\"></span>baja <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>activo <span class=\"_ _e\"></span>reconocido <span class=\"_ _e\"></span>anteriormente <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>ya <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>resulta <span class=\"_ _e\"></span>probable <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>recuperaci\u00f3n, <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>procede <span class=\"_ _e\"></span>a registrar <span class=\"_ _c\"></span>cualquier <span class=\"_ _c\"></span>activo <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>impuesto <span class=\"_ _c\"></span>diferido <span class=\"_ _c\"></span>no <span class=\"_ _c\"></span>reconocido <span class=\"_ _b\"></span>anteriormente <span class=\"_ _c\"></span>siempre <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>resulte probable que el Grup<span class=\"_ _1\"></span>o disponga de ganancias<span class=\"_ _1\"></span> fiscales fu<span class=\"_ _1\"></span>turas que permitan su<span class=\"_ _1\"></span> aplicaci\u00f3n.  Los <span class=\"_ _5\"> </span>activos <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>pasivos <span class=\"_ _5\"> </span>por <span class=\"_ _7\"> </span>impuesto <span class=\"_ _3\"> </span>diferid<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>se <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>aloran<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>los <span class=\"_ _5\"> </span>tipos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>gravam<span class=\"_ _1\"></span>en <span class=\"_ _5\"> </span>esperados <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>el<span class=\"_ _1\"></span> momento <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>reversi\u00f3n, <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>normativa <span class=\"_ _e\"></span>vigente <span class=\"_ _e\"></span>aprobada, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>acuerdo <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>forma <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>que racionalmente se<span class=\"_ _1\"></span> espera recup<span class=\"_ _1\"></span>erar o pagar el activo<span class=\"_ _1\"></span> o pasivo por impuesto diferi<span class=\"_ _1\"></span>do.  Los activo<span class=\"_ _1\"></span>s y pasiv<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s por <span class=\"_ _1\"></span>impuesto <span class=\"_ _1\"></span>diferido n<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> se <span class=\"_ _1\"></span>descuentan <span class=\"_ _1\"></span>y se <span class=\"_ _6\"></span>clasifican como <span class=\"_ _6\"></span>activos y pasivos<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span> corrientes, indep<span class=\"_ _1\"></span>endientemente de la<span class=\"_ _1\"></span> fecha esperad<span class=\"_ _1\"></span>a de realizaci\u00f3n o liqu<span class=\"_ _1\"></span>idaci\u00f3n<span class=\"ls10\">. </span> Las <span class=\"_ _1\"></span>diferencias <span class=\"_ _6\"></span>temporarias<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>derivadas <span class=\"_ _6\"></span>de la<span class=\"_ _1\"></span>s <span class=\"_ _1\"></span>eliminaci<span class=\"_ _1\"></span>ones <span class=\"_ _6\"></span>de result<span class=\"_ _1\"></span>ados <span class=\"_ _6\"></span>entre las<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>empresas <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>grupo<span class=\"_ _38\"> </span>fiscal <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>reconocen <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>sociedad <span class=\"_ _b\"></span>que <span class=\"_ _e\"></span>ha <span class=\"_ _b\"></span>generado <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>resultado <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>valoran <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>impositivo aplicable a la mis<span class=\"_ _1\"></span>ma.<span class=\"_ _38\"> </span>Por <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>resultados fiscales <span class=\"_ _0\"></span>negativos <span class=\"_ _0\"></span>procedentes de <span class=\"_ _0\"></span>algunas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>sociedades del <span class=\"_ _0\"></span>Grupo<span class=\"_ _1\"></span> que <span class=\"_ _0\"></span>han <span class=\"_ _e\"></span>sido <span class=\"_ _0\"></span>compensados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>resto <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>sociedades <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>consolidad<span class=\"_ _1\"></span>o, <span class=\"_ _0\"></span>surge <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>cr\u00e9dito y d\u00e9bito rec\u00edproco entre <span class=\"_ _0\"></span>las sociedades a <span class=\"_ _0\"></span>las que co<span class=\"_ _0\"></span>rres<span class=\"_ _1\"></span>ponden <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>las sociedades que lo <span class=\"_ _0\"></span>compensan<span class=\"ls10\">. </span>En caso <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>exista <span class=\"_ _c\"></span>un <span class=\"_ _c\"></span>resultado <span class=\"_ _c\"></span>fiscal <span class=\"_ _c\"></span>negativo <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>no <span class=\"_ _7\"></span>pueda<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>ser <span class=\"_ _7\"></span>compensad<span class=\"_ _1\"></span>o <span class=\"_ _c\"></span>por <span class=\"_ _7\"></span>el <span class=\"_ _c\"></span>resto <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>las sociedades  del  grupo  fiscal  consolidado,  estos  cr\u00e9ditos  fiscales <span class=\"_ _8\"> </span>p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r  p\u00e9rdidas  compensables  son reconocidos <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>activos <span class=\"_ _17\"> </span>por <span class=\"_ _12\"> </span>im<span class=\"_ _0\"></span>puest<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>diferido <span class=\"_ _12\"> </span>siguiendo <span class=\"_ _12\"> </span>los <span class=\"_ _17\"> </span>criterios <span class=\"_ _12\"> </span>establecidos <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>su reconocimient<span class=\"_ _1\"></span>o, considerando el grupo<span class=\"_ _1\"></span> fiscal como su<span class=\"_ _1\"></span>jeto pasivo. Solaria <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Medio <span class=\"_ _1\"></span>Ambien<span class=\"_ _1\"></span>te, S.<span class=\"_ _1\"></span>A. <span class=\"_ _6\"></span>es la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>dominante <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>grupo fisc<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>espa\u00f1ol, <span class=\"_ _6\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _6\"></span>registra<span class=\"_ _38\"> </span>el <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>total a<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pagar <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>devolver <span class=\"_ _6\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>Impuesto <span class=\"_ _6\"></span>sobre S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ciedades <span class=\"_ _10\"></span>co<span class=\"_ _0\"></span>nsolida<span class=\"_ _1\"></span>do <span class=\"_ _1\"></span>con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>o abon<span class=\"_ _6\"></span>o a cr\u00e9ditos o a deud<span class=\"_ _1\"></span>as con empresas del Gru<span class=\"_ _1\"></span>po y asocia<span class=\"_ _1\"></span>das<span class=\"_ _38\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-419": {
   "value": "4.<span class=\"ls0\">11 <span class=\"_ _23\"> </span>Reconocimiento de ingres<span class=\"_ _1\"></span>os </span>Los <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>se valoran <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>contraprestaciones recibidas o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>recibir, <span class=\"_ _0\"></span>teniendo<span class=\"_ _1\"></span> en <span class=\"_ _6\"></span>cuenta las <span class=\"_ _6\"></span>condiciones <span class=\"_ _6\"></span>definidas <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>contrato <span class=\"_ _6\"></span>y <span class=\"_ _1\"></span>excluyendo <span class=\"_ _6\"></span>los <span class=\"_ _1\"></span>impuestos <span class=\"_ _6\"></span>indirectos <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span>, <span class=\"_ _6\"></span>en su <span class=\"_ _6\"></span>caso, los aranceles<span class=\"_ _38\"> </span>En <span class=\"_ _e\"></span>particular, <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>ingresos <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>venta <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>energ\u00eda <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>registran <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>funci\u00f3n <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>suministro <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>energ\u00eda correspondiente <span class=\"_ _c\"></span>a <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>clientes, <span class=\"_ _7\"></span>independ<span class=\"_ _1\"></span>ientemente <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>su <span class=\"_ _c\"></span>facturaci\u00f3n. <span class=\"_ _c\"></span>Al <span class=\"_ _7\"></span>cierre <span class=\"_ _7\"></span>del ejercicio, <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>ingresos <span class=\"_ _0\"></span>reconocidos <span class=\"_ _0\"></span>no <span class=\"_ _e\"></span>facturados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasifican <span class=\"_ _e\"></span>como <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>contrato <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>acuerdo con <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>NIIF <span class=\"_ _c\"></span>15. <span class=\"_ _7\"></span>Estos <span class=\"_ _7\"></span>ingre<span class=\"_ _1\"></span>sos <span class=\"_ _7\"></span>no <span class=\"_ _7\"></span>facturados <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>estiman <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>a <span class=\"_ _c\"></span>la <span class=\"_ _7\"> </span>informaci\u00f3n <span class=\"_ _c\"></span>obtenida <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>los lectores d<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>onsumo apli<span class=\"_ _1\"></span>cando <span class=\"_ _1\"></span>las tarifa<span class=\"_ _1\"></span>s c<span class=\"_ _1\"></span>orrespondientes <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> la <span class=\"_ _6\"></span>estimaci\u00f3n <span class=\"_ _6\"></span>se coteja <span class=\"_ _6\"></span>a la rec<span class=\"_ _6\"></span>epci\u00f3<span class=\"_ _0\"></span>n d<span class=\"_ _6\"></span>e la factura en el me<span class=\"_ _1\"></span>s siguiente (Nota 16<span class=\"ls28\">.1</span>). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-365": {
   "value": "4.12 <span class=\"_ _23\"> </span>Ac<span class=\"_ _0\"></span>tivos no<span class=\"_ _1\"></span> corrientes man<span class=\"_ _6\"></span>tenidos para la venta  El Grupo clasific<span class=\"_ _1\"></span>a los activo<span class=\"_ _1\"></span>s no corrientes <span class=\"_ _1\"></span>y los grupos<span class=\"_ _1\"></span> enajenables como <span class=\"_ _1\"></span>mantenidos para<span class=\"_ _1\"></span> la venta si<span class=\"_ _6\"></span> sus <span class=\"_ _e\"></span>importes<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>libros <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>recuperar\u00e1n <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>trav\u00e9s <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _e\"></span>transacci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>venta <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>lugar<span class=\"_ _6\"></span> de <span class=\"_ _3\"> </span>por <span class=\"_ _5\"> </span>su <span class=\"_ _3\"> </span>uso <span class=\"_ _3\"> </span>continuado. <span class=\"_ _5\"> </span>Los  acti<span class=\"_ _6\"></span>vos  no <span class=\"_ _5\"> </span>corrientes <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>los <span class=\"_ _3\"> </span>grupos <span class=\"_ _3\"> </span>enajenable<span class=\"_ _1\"></span>s <span class=\"_ _3\"> </span>clasificados <span class=\"_ _5\"> </span>como mantenidos <span class=\"_ _b\"></span>para <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>venta <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>miden <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>menor <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _b\"></span>entre <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>importe <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>libros <span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _b\"></span>razonable<span class=\"_ _1\"></span> menos l<span class=\"_ _6\"></span>os costes <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>venta. <span class=\"_ _6\"></span>Lo<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>costes de <span class=\"_ _6\"></span>venta s<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>n aq<span class=\"_ _6\"></span>uellos directa<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>atribuib<span class=\"_ _1\"></span>les a<span class=\"_ _1\"></span> la <span class=\"_ _6\"></span>enajenaci\u00f3n<span class=\"_ _1\"></span> de un activo (grupo <span class=\"_ _0\"></span>de enajenaci\u00f3n), excluyend<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> los cost<span class=\"_ _0\"></span>es financier<span class=\"lsa\">os</span> y el gasto por impuesto sobre beneficios. Los criteri<span class=\"_ _1\"></span>os para la clasifi<span class=\"_ _6\"></span>caci\u00f3n de mantenid<span class=\"_ _1\"></span>os para l<span class=\"_ _1\"></span>a venta se c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nsideran cump<span class=\"_ _1\"></span>lidos solo cuan<span class=\"_ _1\"></span>do la venta <span class=\"_ _3\"> </span>sea <span class=\"_ _3\"> </span>altam<span class=\"_ _1\"></span>ente <span class=\"_ _3\"> </span>probable <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>el  a<span class=\"_ _6\"></span>ctivo  o<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>grupo <span class=\"_ _5\"> </span>de  enaj<span class=\"_ _1\"></span>enaci\u00f3n <span class=\"_ _3\"> </span>est\u00e9 <span class=\"_ _3\"> </span>disponib<span class=\"_ _1\"></span>le <span class=\"_ _3\"> </span>para <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>venta inmediata en su condici<span class=\"_ _1\"></span>\u00f3n actual. Las acciones nece<span class=\"_ _1\"></span>sarias para complet<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span><span class=\"ls15\">su</span> venta deben indicar q<span class=\"_ _1\"></span>ue es <span class=\"_ _c\"></span>poco <span class=\"_ _7\"></span>probable <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>realicen <span class=\"_ _c\"></span>cambi<span class=\"_ _1\"></span>os <span class=\"_ _7\"></span>significati<span class=\"_ _1\"></span>vos <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>venta <span class=\"_ _c\"></span>o <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>retire <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>decisi\u00f3n <span class=\"_ _c\"></span>de vender. La Direcci\u00f3n <span class=\"_ _0\"></span>debe estar comprometida con el plan de <span class=\"_ _0\"></span>venta del <span class=\"_ _0\"></span>activo y se <span class=\"_ _0\"></span>debe <span class=\"_ _0\"></span>espera<span class=\"ls29\">r </span>que la venta se comple<span class=\"_ _1\"></span>te <span class=\"lsd\">en</span> un a\u00f1o a partir<span class=\"_ _6\"></span> de la fecha de <span class=\"ls15\">su</span> clasificaci\u00f3n.<span class=\"_ _6\"></span> Los <span class=\"_ _8\"> </span>activ<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>del  inmovilizado  m<span class=\"_ _0\"></span>aterial  e <span class=\"_ _8\"> </span>intangibles  no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>am<span class=\"_ _1\"></span>ortizan <span class=\"_ _8\"> </span>una  vez <span class=\"_ _8\"> </span>clasificad<span class=\"_ _1\"></span>os <span class=\"_ _8\"> </span>como<span class=\"_ _1\"></span> mantenidos para la<span class=\"_ _1\"></span> venta.  Los <span class=\"_ _b\"></span>activos <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>pasivos <span class=\"_ _b\"></span>clasificados <span class=\"_ _b\"></span>como <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>antenidos <span class=\"_ _e\"></span>para <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>venta <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>presentan <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>separado <span class=\"_ _b\"></span>como partidas corriente<span class=\"_ _1\"></span>s en el estado de situaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n financiera (Nota 7<span class=\"_ _1\"></span> y 11.2).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-366": {
   "value": ".<span class=\"ls0\">14 <span class=\"_ _23\"> </span>Elementos patrimonia<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>es de na<span class=\"_ _1\"></span>turaleza medioamb<span class=\"_ _1\"></span>iental </span>Los gastos relativos a <span class=\"_ _0\"></span>las actuaciones empresariales encaminados a la protecci\u00f3n y mejora del medio ambiente <span class=\"_ _b\"></span>y <span class=\"_ _c\"></span>otros <span class=\"_ _c\"></span>gastos <span class=\"_ _b\"></span>derivados <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>cumplimiento <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>legislaci\u00f3n <span class=\"_ _b\"></span>medioambiental <span class=\"_ _b\"></span>se <span class=\"_ _c\"></span>registran<span class=\"_ _1\"></span> como  gast<span class=\"_ _1\"></span>os  del<span class=\"_ _1\"></span>  ejercici<span class=\"_ _1\"></span>o  en <span class=\"_ _3\"> </span>que  se<span class=\"_ _1\"></span>  producen, <span class=\"_ _3\"> </span>salvo <span class=\"_ _3\"> </span>que  c<span class=\"_ _1\"></span>orrespondan  al<span class=\"_ _6\"></span>  coste  de <span class=\"_ _3\"> </span>compra <span class=\"_ _3\"> </span>de elementos <span class=\"_ _3\"> </span>que <span class=\"_ _5\"> </span>se  in<span class=\"_ _1\"></span>corporen <span class=\"_ _5\"> </span>al  patri<span class=\"_ _1\"></span>monio <span class=\"_ _3\"> </span>del <span class=\"_ _3\"> </span>Grupo <span class=\"_ _3\"> </span>con <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>objeto  de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>ser <span class=\"_ _5\"> </span>utilizados  de<span class=\"_ _6\"></span>  forma<span class=\"_ _6\"></span> duradera, <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>cuyo <span class=\"_ _b\"></span>caso <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>contabilizan <span class=\"_ _e\"></span>en <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>correspondientes<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>partidas <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>ep\u00edgrafe <span class=\"_ _c\"></span><span class=\"ff7\">\u201c</span>Inmovilizado<span class=\"_ _1\"></span> material<span class=\"ff7\">\u201d</span>, siendo a<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ortizados con l<span class=\"_ _1\"></span>os mismos criterio<span class=\"_ _1\"></span>s.<span class=\"_ _38\"> </span>19<span class=\"ls33\">.3</span> <span class=\"_ _23\"> </span>Informaci\u00f3n sobre med<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>oambiente El <span class=\"_ _13\"> </span>Grupo <span class=\"_ _8\"> </span>tiene <span class=\"_ _8\"> </span>en <span class=\"_ _13\"> </span>cuenta <span class=\"_ _8\"> </span>en <span class=\"_ _13\"> </span>sus <span class=\"_ _8\"> </span>operaciones <span class=\"_ _8\"> </span>globales <span class=\"_ _13\"> </span>las <span class=\"_ _8\"> </span>leyes <span class=\"_ _13\"> </span>relativa<span class=\"_ _1\"></span>s <span class=\"_ _8\"> </span>a <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>protecci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _13\"> </span>del<span class=\"_ _6\"></span> medioambiente <span class=\"_ _10\"></span>(\"leyes <span class=\"_ _10\"></span>medioambientales\") <span class=\"_ _10\"></span>y <span class=\"_ _6\"></span>considera <span class=\"_ _10\"></span>que <span class=\"_ _6\"></span>cumple <span class=\"_ _6\"></span>sustancialm<span class=\"_ _1\"></span>ente <span class=\"_ _6\"></span>tales <span class=\"_ _6\"></span>leyes <span class=\"_ _10\"></span>y <span class=\"_ _6\"></span>que mantiene procedi<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ientos dise\u00f1ad<span class=\"_ _1\"></span>os para fomentar y <span class=\"_ _6\"></span>garantizar su cumplimiento. Por <span class=\"_ _13\"> </span>todo <span class=\"_ _13\"> </span>lo <span class=\"_ _13\"> </span>anteri<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r, <span class=\"_ _13\"> </span>los <span class=\"_ _8\"> </span>Administradores <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>Sociedad <span class=\"_ _13\"> </span>dominant<span class=\"_ _1\"></span>e <span class=\"_ _13\"> </span>estiman <span class=\"_ _13\"> </span>que <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>existe<span class=\"_ _1\"></span>n contingencias <span class=\"_ _6\"></span>significativas <span class=\"_ _10\"></span>relacio<span class=\"_ _0\"></span>nadas <span class=\"_ _6\"></span>con <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>protecci\u00f3n <span class=\"_ _6\"></span>y mej<span class=\"_ _1\"></span>ora <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>medioambiente, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>lo qu<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>no se <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>considerado <span class=\"_ _e\"></span>necesario <span class=\"_ _0\"></span>registrar <span class=\"_ _e\"></span>dotaci\u00f3n <span class=\"_ _e\"></span>alguna <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>prov<span class=\"_ _0\"></span>isi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>riesgos <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>gasto<span class=\"_ _0\"></span>s <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>car\u00e1cter<span class=\"_ _6\"></span> medioambiental en<span class=\"_ _1\"></span> el 2025 ni en el 202<span class=\"_ _1\"></span>4",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-367": {
   "value": "4.<span class=\"ls0\">15 <span class=\"_ _23\"> </span>Ganancias por acci\u00f3n<span class=\"ff4 fc0\"> </span></span>Las <span class=\"_ _5\"> </span>ganancias <span class=\"_ _5\"> </span>b\u00e1sicas <span class=\"_ _5\"> </span>por <span class=\"_ _5\"> </span>acci\u00f3n <span class=\"_ _7\"> </span>se <span class=\"_ _3\"> </span>calculan<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>dividiendo <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>resultado <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>ejercicio <span class=\"_ _5\"> </span>atribuible <span class=\"_ _7\"> </span>a <span class=\"_ _3\"> </span>los<span class=\"_ _1\"></span> accionistas <span class=\"_ _5\"> </span>ordinarios <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>Sociedad <span class=\"_ _3\"> </span>dominant<span class=\"_ _1\"></span>e <span class=\"_ _3\"> </span>entre <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>n\u00fa<span class=\"_ _1\"></span>mero <span class=\"_ _5\"> </span>medio <span class=\"_ _3\"> </span>ponderad<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>acciones ordinarias en circulaci<span class=\"_ _6\"></span>\u00f3n durante el ejercicio. Las <span class=\"_ _7\"> </span>ganancias <span class=\"_ _5\"> </span>diluidas <span class=\"_ _7\"></span>por <span class=\"_ _7\"> </span>acci\u00f3n <span class=\"_ _5\"> </span>se <span class=\"_ _7\"> </span>calculan <span class=\"_ _7\"> </span>dividiendo <span class=\"_ _7\"> </span>el <span class=\"_ _5\"> </span>resultado <span class=\"_ _7\"> </span>del <span class=\"_ _7\"> </span>ejercicio <span class=\"_ _5\"> </span>atribuible <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>los accionistas <span class=\"_ _5\"> </span>ordinarios <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>la <span class=\"_ _5\"> </span>matriz <span class=\"_ _5\"> </span>entre <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>n\u00famero <span class=\"_ _5\"> </span>medio <span class=\"_ _3\"> </span>ponderado <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>acc<span class=\"_ _1\"></span>iones <span class=\"_ _5\"> </span>ordinarias <span class=\"_ _3\"> </span>en circulaci\u00f3n <span class=\"_ _e\"></span>durante <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>ejercicio <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>\u00e1s <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>n\u00famero <span class=\"_ _e\"></span>medio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>acciones <span class=\"_ _b\"></span>ordinarias <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>emitir\u00edan <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la conversi\u00f3n de todas la<span class=\"_ _1\"></span>s acciones ordinarias p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>tencialmente dil<span class=\"_ _1\"></span>usivas en accion<span class=\"_ _1\"></span>es ordinarias. 4.16 <span class=\"_ _23\"> </span>Reconocimiento posterior <span class=\"ffc\">\u2013</span> IAS 2<span class=\"_ _1\"></span>8 Desde <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>fecha <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>p\u00e9rdida <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>control, <span class=\"_ _b\"></span>Generia <span class=\"_ _c\"></span>Land, <span class=\"_ _c\"></span>S.L. <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>reconoce",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "El <span class=\"_ _b\"></span>im<span class=\"_ _0\"></span>porte <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>libros <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>inversi\u00f3n <span class=\"_ _c\"></span>asciende <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>96,5 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>euros <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>2025,<span class=\"_ _1\"></span> incorporando la<span class=\"_ _1\"></span> participaci<span class=\"_ _1\"></span>\u00f3n proporcional<span class=\"_ _1\"></span> en los resu<span class=\"_ _1\"></span>ltados de Generia<span class=\"_ _6\"></span> desde la fecha de p\u00e9rd<span class=\"_ _1\"></span>ida de<span class=\"_ _1\"></span> control. El <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>evaluado <span class=\"_ _e\"></span>posibles <span class=\"_ _e\"></span>indicios <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>deterioro <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nforme <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>IAS <span class=\"_ _b\"></span>36 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>identificado <span class=\"_ _e\"></span>se\u00f1ales objetivas que requieran<span class=\"_ _1\"></span> registrar c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>rrecciones val<span class=\"_ _1\"></span>orativas. 5.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>maci\u00f3n<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cier<span class=\"_ _0\"></span>a p<span class=\"_ _0\"></span>or se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ento<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </span></span>Tal <span class=\"_ _3\"> </span>y <span class=\"_ _5\"> </span>como  s<span class=\"_ _1\"></span>e <span class=\"_ _3\"> </span>indica <span class=\"_ _5\"> </span>en  l<span class=\"_ _1\"></span>a  No<span class=\"_ _1\"></span>ta <span class=\"_ _3\"> </span>1 <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>la  pr<span class=\"_ _6\"></span>ese<span class=\"_ _0\"></span>nte <span class=\"_ _5\"> </span>memoria <span class=\"_ _3\"> </span>consolidada,<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>los <span class=\"_ _3\"> </span>ingresos <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>Grupo provienen <span class=\"_ _6\"></span>fundamentalm<span class=\"_ _1\"></span>ente <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _1\"></span>renovable. <span class=\"_ _10\"></span>En <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>sentido, <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _6\"></span>ejecutiva<span class=\"_ _1\"></span> del Grupo <span class=\"_ _0\"></span>hace <span class=\"_ _0\"></span>un seguimiento del <span class=\"_ _0\"></span>negocio del <span class=\"_ _0\"></span>Grupo por <span class=\"_ _0\"></span>proyectos, <span class=\"_ _0\"></span>clasificand<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>mismos por <span class=\"_ _0\"></span>las siguientes zonas ge<span class=\"_ _1\"></span>ogr\u00e1ficas en las que op<span class=\"_ _1\"></span>era<span class=\"ls2a\">: </span> -<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff8\">Segmento 1:<span class=\"ff4\"> Espa\u00f1a<span class=\"_ _1\"></span> y corporativo. </span></span></span>-<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff8\">Segmento 2: <span class=\"ff4\">Italia<span class=\"ls10\">. </span> </span></span></span>-<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff8\">Segmento 3:<span class=\"ff4\"> Uruguay.<span class=\"_ _1\"></span> </span></span></span>-<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff8\">Segmento 4: <span class=\"ff4\">Portug<span class=\"_ _1\"></span>al y Grecia. </span></span></span>El <span class=\"_ _b\"></span>rendimiento <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>segmentos <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ide <span class=\"_ _b\"></span>sobre <span class=\"_ _c\"></span>el <span class=\"_ _b\"></span>beneficio <span class=\"_ _b\"></span>antes <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>impues<span class=\"_ _1\"></span>tos <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _7\"></span>mismos. <span class=\"_ _c\"></span>El<span class=\"_ _38\"> </span><span class=\"_ _1\"></span> beneficio del seg<span class=\"_ _1\"></span>mento se utiliza como m<span class=\"_ _1\"></span>edida del re<span class=\"_ _1\"></span>ndimiento debido a qu<span class=\"_ _1\"></span>e el Grupo c<span class=\"_ _1\"></span>onsidera que dicha informaci\u00f3n<span class=\"_ _1\"></span> es la m\u00e1s rele<span class=\"_ _1\"></span>vante en la evalu<span class=\"_ _1\"></span>aci\u00f3n de los resultad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s de los segmentos. Las cuentas de resultad<span class=\"_ _6\"></span>os por segmentos del Grupo son las sigu<span class=\"_ _1\"></span>ientes:<span class=\"_ _38\"> </span>Italia Uruguay Portugal y Grecia<span class=\"_ _0\"></span> Consolidado 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 Ventas y prestaci\u00f3n de s<span class=\"_ _0\"></span>ervicios 182.938 155.395 8.577 15.065 3.743 3.396 2.185 3.050 197.443 176.906 Total ingresos de cliente<span class=\"_ _0\"></span>s externos<span class=\"_ _0\"></span> 182.938 15<span class=\"ls0\">5.</span>39<span class=\"_ _0\"></span><span class=\"ls0\">5 </span>8.577 15.065 3.743 3.396 2.185 3.050 197.443 176.906 Amortizaci\u00f3n y deterioro<span class=\"_ _0\"></span>s (42.896) (38.077) (2.958) (2.958) (1.151) (1.217) (1.418) (1.404) (48.423) (43.656) Otros ingresos y gastos d<span class=\"_ _0\"></span>el segmento<span class=\"_ _0\"></span> 73<span class=\"ls0\">.<span class=\"ls2c\">287</span> </span>27.517 (3.288) (1.993) (537) (364) (810) (796) 68<span class=\"ls0\">.<span class=\"ls2c\">652</span> </span>24.364 Resultado de explotaci\u00f3n<span class=\"_ _0\"></span> 2<span class=\"ls2c\">13</span>.329 1<span class=\"ls2c\">44</span>.<span class=\"ls2b\">83</span>5 2.331 10.114 2.055 1.815 (43) 850 2<span class=\"ls2c\">17</span>.672 157.613 Resultado finan<span class=\"_ _0\"></span>ciero (4<span class=\"ls0\">5.374) </span>(34.359) (1.009) (1.365) (835) (1.216) (404) (531) (4<span class=\"ls0\">7.622) </span>(37.471) Resultado antes de impu<span class=\"_ _0\"></span>estos 1<span class=\"ls2c\">67</span>.9<span class=\"ls2c\">55</span> 110.476 1.322 8.749 1.220 599 (447) 319 1<span class=\"ls2c\">70</span>.050 120.14<span class=\"_ _38\"> </span>16.<span class=\"_ _0\"></span> <span class=\"_ _33\"> </span>Ing<span class=\"_ _0\"></span>reso<span class=\"_ _0\"></span>s y<span class=\"_ _0\"></span> gas<span class=\"_ _0\"></span>tos<span class=\"_ _0\"></span> La <span class=\"_ _3\"> </span>naturaleza<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>princip<span class=\"_ _1\"></span>ales <span class=\"_ _3\"> </span>variacion<span class=\"_ _1\"></span>es <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>partidas <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>ingresos<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>y <span class=\"_ _5\"> </span>gastos <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>ejercicio <span class=\"_ _5\"> </span>en comparaci\u00f3n c<span class=\"_ _1\"></span>on el ejercicio ant<span class=\"_ _1\"></span>erior se explica en el I<span class=\"_ _1\"></span>nforme de Gesti\u00f3n c<span class=\"_ _1\"></span>onsolidad<span class=\"_ _1\"></span>o.<span class=\"ff3 fc1\"> </span>16<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Importe neto de la<span class=\"_ _1\"></span> cifra de negocios y o<span class=\"_ _1\"></span>tros ingresos La distribuci\u00f3n del importe neto de la <span class=\"_ _1\"></span>cifra de negocios correspondiente a los ejercicios 2025 y 2024, distribuida por mercados geogr\u00e1ficos<span class=\"_ _0\"></span>, es la siguiente:<span class=\"_ _0\"></span>  (Miles de euros)<span class=\"_ _1\"></span> 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Importe neto de la <span class=\"_ _1\"></span>cifra de negoci<span class=\"_ _1\"></span>os 197.443<span class=\"ls0\"> </span>176.905<span class=\"ls0\"> </span>Ventas 1<span class=\"ls3\">23</span>.305 1<span class=\"ls3\">34</span>.9<span class=\"ls3\">86</span><span class=\"ff3\"> </span>Prestaci\u00f3<span class=\"_ _1\"></span>n de servicios 74.138 41.<span class=\"ls3\">919</span><span class=\"ff3\"> </span>Otros ingreso<span class=\"_ _1\"></span>s 1<span class=\"ls3\">05</span>.<span class=\"ls3\">509</span> 33.538<span class=\"ls0\"> </span>Otros resultados - 28.944<span class=\"ls0\"> </span>3<span class=\"ls3\">02</span>.<span class=\"ls3\">952</span> 239.387<span class=\"ls0\"> </span>El detalle del importe neto de la cifra de negoci<span class=\"_ _1\"></span>os se encuentra recogido en la informaci\u00f3n finan<span class=\"_ _1\"></span>ciera<span class=\"_ _6\"></span> por segmentos (<span class=\"_ _1\"></span>v\u00e9ase la N<span class=\"_ _1\"></span>ota 5). El ep\u00edgrafe<span class=\"_ _1\"></span> de venta<span class=\"_ _1\"></span>s corresponde con<span class=\"_ _1\"></span> la venta <span class=\"_ _1\"></span>de energ\u00eda, d<span class=\"_ _1\"></span>onde el Grupo <span class=\"_ _8\"> </span>ha <span class=\"_ _8\"> </span>experimentado <span class=\"_ _27\"> </span>un<span class=\"ls19\">a <span class=\"_ _8\"> </span></span>disminuci\u00f3n <span class=\"_ _8\"> </span>en <span class=\"_ _13\"> </span>la <span class=\"_ _27\"> </span>producci\u00f3n <span class=\"_ _8\"> </span>por <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>to<span class=\"_ _0\"></span>tal <span class=\"_ _8\"> </span>de <span class=\"_ _8\"> </span>109 <span class=\"_ _8\"> </span>GWh <span class=\"_ _13\"> </span>y <span class=\"_ _8\"> </span>una<span class=\"_ _6\"></span> disminuci\u00f3n <span class=\"_ _0\"></span>del precio <span class=\"_ _0\"></span>capturado <span class=\"_ _0\"></span>por v<span class=\"_ _0\"></span>alor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>3 <span class=\"_ _0\"></span>euros. <span class=\"_ _0\"></span>Adicionalmente, <span class=\"_ _0\"></span>dentro del <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>importe neto <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"> </span>cifra <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>negoci<span class=\"_ _1\"></span>os <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>registra <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>ingreso <span class=\"_ _7\"></span>p<span class=\"_ _1\"></span>or <span class=\"_ _7\"></span>prestaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>servicios <span class=\"_ _7\"></span>relacionados <span class=\"_ _c\"></span>con <span class=\"_ _7\"></span>el desarrollo de pro<span class=\"_ _1\"></span>yectos de infraestructura para<span class=\"_ _6\"></span> te<span class=\"_ _0\"></span>rceros p<span class=\"_ _1\"></span>or importe de 74,1 mill<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes de euros.<span class=\"_ _1\"></span> Dentro <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>epigraf<span class=\"lsd\">e <span class=\"_ _e\"></span></span>otros <span class=\"_ _b\"></span>ingresos <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>encuentra <span class=\"_ _b\"></span>principalmente <span class=\"_ _e\"></span>registrado <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>operaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Generia<span class=\"_ _1\"></span> Land,S.L. <span class=\"_ _c\"></span>(Nota <span class=\"_ _c\"></span>8), <span class=\"_ _7\"></span>las <span class=\"_ _c\"></span>activaci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>personal <span class=\"_ _c\"></span>relacionada <span class=\"_ _c\"></span>con <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>proyectos <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>construcci\u00f3n <span class=\"_ _c\"></span>por importe <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>18,5 <span class=\"_ _8\"> </span>millones <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>euros <span class=\"_ _13\"> </span>(<span class=\"_ _1\"></span>18,1 <span class=\"_ _13\"> </span>millones<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>en <span class=\"_ _13\"> </span>el <span class=\"_ _13\"> </span>ejercici<span class=\"_ _1\"></span>o <span class=\"_ _13\"> </span>2024), <span class=\"_ _13\"> </span>la<span class=\"_ _1\"></span>s <span class=\"_ _13\"> </span>penalizaciones <span class=\"_ _8\"> </span>a proveedores <span class=\"_ _0\"></span>por <span class=\"_ _e\"></span>incumplimient<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>contratos <span class=\"_ _e\"></span><span class=\"ls22\">y <span class=\"_ _e\"></span></span>cobros <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>seguros <span class=\"_ _e\"></span>por <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>porte <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>18,6 <span class=\"_ _e\"></span>millones <span class=\"_ _e\"></span>de<span class=\"_ _1\"></span> euros. Por <span class=\"_ _1\"></span>ultimo <span class=\"_ _6\"></span>el Gru<span class=\"_ _1\"></span>po <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>2024 <span class=\"_ _6\"></span>reigistr\u00f3 <span class=\"ff7\">2<span class=\"_ _1\"></span>8,9 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _6\"></span>referentes <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>f\u00e1brica d<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>Puertollano <span class=\"_ _1\"></span>como <span class=\"_ _6\"></span>\u201cOtros </span>resultados\u201d (Nota<span class=\"_ _1\"></span> <span class=\"ff4 lsf\">10<span class=\"ls2e\">).<span class=\"ls0\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-410": {
   "value": "El <span class=\"_ _b\"></span>im<span class=\"_ _0\"></span>porte <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>libros <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>inversi\u00f3n <span class=\"_ _c\"></span>asciende <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>96,5 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>euros <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>2025,<span class=\"_ _1\"></span> incorporando la<span class=\"_ _1\"></span> participaci<span class=\"_ _1\"></span>\u00f3n proporcional<span class=\"_ _1\"></span> en los resu<span class=\"_ _1\"></span>ltados de Generia<span class=\"_ _6\"></span> desde la fecha de p\u00e9rd<span class=\"_ _1\"></span>ida de<span class=\"_ _1\"></span> control. El <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>evaluado <span class=\"_ _e\"></span>posibles <span class=\"_ _e\"></span>indicios <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>deterioro <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nforme <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>IAS <span class=\"_ _b\"></span>36 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>identificado <span class=\"_ _e\"></span>se\u00f1ales objetivas que requieran<span class=\"_ _1\"></span> registrar c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>rrecciones val<span class=\"_ _1\"></span>orativas. 5.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>maci\u00f3n<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cier<span class=\"_ _0\"></span>a p<span class=\"_ _0\"></span>or se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ento<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </span></span>Tal <span class=\"_ _3\"> </span>y <span class=\"_ _5\"> </span>como  s<span class=\"_ _1\"></span>e <span class=\"_ _3\"> </span>indica <span class=\"_ _5\"> </span>en  l<span class=\"_ _1\"></span>a  No<span class=\"_ _1\"></span>ta <span class=\"_ _3\"> </span>1 <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>la  pr<span class=\"_ _6\"></span>ese<span class=\"_ _0\"></span>nte <span class=\"_ _5\"> </span>memoria <span class=\"_ _3\"> </span>consolidada,<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>los <span class=\"_ _3\"> </span>ingresos <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>Grupo provienen <span class=\"_ _6\"></span>fundamentalm<span class=\"_ _1\"></span>ente <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _1\"></span>renovable. <span class=\"_ _10\"></span>En <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>sentido, <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _6\"></span>ejecutiva<span class=\"_ _1\"></span> del Grupo <span class=\"_ _0\"></span>hace <span class=\"_ _0\"></span>un seguimiento del <span class=\"_ _0\"></span>negocio del <span class=\"_ _0\"></span>Grupo por <span class=\"_ _0\"></span>proyectos, <span class=\"_ _0\"></span>clasificand<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>mismos por <span class=\"_ _0\"></span>las siguientes zonas ge<span class=\"_ _1\"></span>ogr\u00e1ficas en las que op<span class=\"_ _1\"></span>era<span class=\"ls2a\">: </span> -<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff8\">Segmento 1:<span class=\"ff4\"> Espa\u00f1a<span class=\"_ _1\"></span> y corporativo. </span></span></span>-<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff8\">Segmento 2: <span class=\"ff4\">Italia<span class=\"ls10\">. </span> </span></span></span>-<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff8\">Segmento 3:<span class=\"ff4\"> Uruguay.<span class=\"_ _1\"></span> </span></span></span>-<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff8\">Segmento 4: <span class=\"ff4\">Portug<span class=\"_ _1\"></span>al y Grecia. </span></span></span>El <span class=\"_ _b\"></span>rendimiento <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>segmentos <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ide <span class=\"_ _b\"></span>sobre <span class=\"_ _c\"></span>el <span class=\"_ _b\"></span>beneficio <span class=\"_ _b\"></span>antes <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>impues<span class=\"_ _1\"></span>tos <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _7\"></span>mismos. <span class=\"_ _c\"></span>El<span class=\"_ _38\"> </span>beneficio del seg<span class=\"_ _1\"></span>mento se utiliza como m<span class=\"_ _1\"></span>edida del re<span class=\"_ _1\"></span>ndimiento debido a qu<span class=\"_ _1\"></span>e el Grupo c<span class=\"_ _1\"></span>onsidera que dicha informaci\u00f3n<span class=\"_ _1\"></span> es la m\u00e1s rele<span class=\"_ _1\"></span>vante en la evalu<span class=\"_ _1\"></span>aci\u00f3n de los resultad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s de los segmentos. Las cuentas de resultad<span class=\"_ _6\"></span>os por segmentos del Grupo son las sigu<span class=\"_ _1\"></span>ientes:<span class=\"_ _38\"> </span>(Miles de euros)<span class=\"_ _0\"></span> Espa\u00f1a Italia Uruguay Portugal y Grecia<span class=\"_ _0\"></span> Consolidado 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 Ventas y prestaci\u00f3n de s<span class=\"_ _0\"></span>ervicios 182.938 155.395 8.577 15.065 3.743 3.396 2.185 3.050 197.443 176.906 Total ingresos de cliente<span class=\"_ _0\"></span>s externos<span class=\"_ _0\"></span> 182.938 15<span class=\"ls0\">5.</span>39<span class=\"_ _0\"></span><span class=\"ls0\">5 </span>8.577 15.065 3.743 3.396 2.185 3.050 197.443 176.906 Amortizaci\u00f3n y deterioro<span class=\"_ _0\"></span>s (42.896) (38.077) (2.958) (2.958) (1.151) (1.217) (1.418) (1.404) (48.423) (43.656) Otros ingresos y gastos d<span class=\"_ _0\"></span>el segmento<span class=\"_ _0\"></span> 73<span class=\"ls0\">.<span class=\"ls2c\">287</span> </span>27.517 (3.288) (1.993) (537) (364) (810) (796) 68<span class=\"ls0\">.<span class=\"ls2c\">652</span> </span>24.364 Resultado de explotaci\u00f3n<span class=\"_ _0\"></span> 2<span class=\"ls2c\">13</span>.329 1<span class=\"ls2c\">44</span>.<span class=\"ls2b\">83</span>5 2.331 10.114 2.055 1.815 (43) 850 2<span class=\"ls2c\">17</span>.672 157.613 Resultado finan<span class=\"_ _0\"></span>ciero (4<span class=\"ls0\">5.374) </span>(34.359) (1.009) (1.365) (835) (1.216) (404) (531) (4<span class=\"ls0\">7.622) </span>(37.471) Resultado antes de impu<span class=\"_ _0\"></span>estos 1<span class=\"ls2c\">67</span>.9<span class=\"ls2c\">55</span> 110.476 1.322 8.749 1.220 599 (447) 319 1<span class=\"ls2c\">70</span>.050 120.14<span class=\"_ _38\"> </span>A continuaci\u00f3n, se pres<span class=\"_ _6\"></span>enta un desglose de los acti<span class=\"_ _1\"></span>vos y pasivos de los <span class=\"_ _1\"></span>segmentos de nego<span class=\"_ _1\"></span>cio:  (Miles de euros) Espa\u00f1a Italia Uruguay Portugal y Grecia Consolidado 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Activos del segmento 2.322.884 1.850.638 49.330 45.227 21.535 25.180 49.715 47.597 2.443.464 1.968.642 Inmovilizado 1.732.897 1.428.322 39.624 32.831 18.660 22.179 46.552 44.661 1.837.733 1.527.993 Participaciones contabilizadas por el metodo d<span class=\"_ _1\"></span>e participaci\u00f3n 96.547 - - - - - - - 96.547 - Derechos de superficie 183.371 140.802 2.628 2.666 600<span class=\"ls0\"> </span>645<span class=\"ls0\"> </span>- - 186.599 144.113 Derivados 80.929 88.698 922<span class=\"ls0\"> </span>1.196 - - 2.082 2.113 83.933 92.007 Deudores comerciales y otros 83.022 63.125 4.761 5.869 722<span class=\"ls0\"> </span>746<span class=\"ls0\"> </span>830<span class=\"ls0\"> </span>226<span class=\"ls0\"> </span>89.335 69.966 Efectivo y equivalentes 70.130 49.477 1.395 2.665 1.553 1.610 251<span class=\"ls0\"> </span>597<span class=\"ls0\"> </span>73.329 54.349 Activos no distribuidos 75.988 80.214 75.988 80.214 Total activos 2.322.884 1.850.638 49.330 45.227 21.535 25.180 49.715 47.597 2.443.464 1.968.642 (Miles de euros) Espa\u00f1a Italia Uruguay Portugal y Grecia Consolidado 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Deudas con EC y Obligaciones  1.257.590 925.998 20.952 25.492 18.575 22.152 17.729 18.250 1.314.846 991.892 Pasivos por arrendamientos financieros (NIIF16) y otros 193.412 154.919 100<span class=\"ls0\"> </span>165<span class=\"ls0\"> </span>400<span class=\"ls0\"> </span>456<span class=\"ls0\"> </span>- - 193.912 155.540 Derivados 17.882 24.365 - - - - - - 17.882 24.365 Acreedores comerciales y otras cuentas a pagar 1<span class=\"ls8\">38</span>.801 138.730 2.109 143<span class=\"ls0\"> </span>125<span class=\"ls0\"> </span>213<span class=\"ls0\"> </span>1.247 215<span class=\"ls0\"> </span>14<span class=\"ls0\">2.282 </span>139.301 Pasivos no distribuidos 65.<span class=\"ls8\">173</span> 39.708 - - - - - - 65.<span class=\"ls8\">173</span> 39.708 Total pasivos 1.67<span class=\"ls0\">2.858 </span>1.283.720 23.161 25.800 19.100 22.821 18.976 18.465 1.73<span class=\"ls0\">4.095 </span>1.350.806 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "6.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inm<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>lizad<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>intang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </span></span>El detall<span class=\"_ _1\"></span>e y l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s m<span class=\"_ _1\"></span>ovimientos de <span class=\"_ _1\"></span>las distin<span class=\"_ _6\"></span>tas partidas q<span class=\"_ _6\"></span>ue componen <span class=\"_ _1\"></span>el inm<span class=\"_ _1\"></span>ovilizado intang<span class=\"_ _1\"></span>ible a <span class=\"_ _6\"></span>31 de diciembre son los<span class=\"_ _1\"></span> siguientes: (Miles de euros) Saldo inicial Altas, bajas y dotaciones Saldo final Ejercicio 2025<span class=\"_ _1\"></span> Coste  Propiedad Int<span class=\"_ _1\"></span>electual 76<span class=\"ls0\"> </span>- 76<span class=\"ls0\"> </span>Aplicacio<span class=\"_ _1\"></span>nes inform\u00e1tic<span class=\"_ _1\"></span>as  310<span class=\"ls0\"> </span>- 310<span class=\"ls0\"> </span>386<span class=\"ls0\"> </span>- 386<span class=\"ls0\"> </span>Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  Aplicacio<span class=\"_ _1\"></span>nes inform\u00e1tic<span class=\"_ _1\"></span>as (60) (2<span class=\"ls0\">0) </span>(80) Valor neto contabl<span class=\"_ _1\"></span>e 326<span class=\"ls0\"> </span>30<span class=\"ls0\">6 </span>Altas, bajas y dotaciones Saldo final Ejercicio 2024<span class=\"_ _1\"></span> Coste  Propiedad Int<span class=\"_ _1\"></span>electual 76<span class=\"ls0\"> </span>- 76<span class=\"ls0\"> </span>Aplicacio<span class=\"_ _1\"></span>nes inform\u00e1tic<span class=\"_ _1\"></span>as  307<span class=\"ls0\"> </span>3 310<span class=\"ls0\"> </span>383<span class=\"ls0\"> </span>- 386<span class=\"ls0\"> </span>Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  Aplicacio<span class=\"_ _1\"></span>nes inform\u00e1tic<span class=\"_ _1\"></span>as (40) (20) (60) Valor neto contabl<span class=\"_ _1\"></span>e 343<span class=\"ls0\"> </span>326<span class=\"ls0\"> </span>No <span class=\"_ _0\"></span>han existido <span class=\"_ _0\"></span>altas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el ejercicio <span class=\"_ _0\"></span>2025. <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre de <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>hubo <span class=\"_ _0\"></span>3 <span class=\"_ _0\"></span>miles de <span class=\"_ _0\"></span>euros <span class=\"_ _e\"></span>de altas correspondientes al de<span class=\"_ _1\"></span>sarrollo de la aplic<span class=\"_ _6\"></span>aci\u00f3<span class=\"_ _0\"></span>n infor<span class=\"_ _1\"></span>m\u00e1tica Scada.<span class=\"_ _38\"> </span>No  existen  compromisos  firmes  de  compra  o <span class=\"_ _8\"> </span>ven<span class=\"_ _1\"></span>ta  respecto  a  lo<span class=\"_ _0\"></span>s  elementos  del  inmovilizado intangible <span class=\"_ _10\"></span>que <span class=\"_ _1\"></span>est\u00e9n <span class=\"_ _6\"></span>vigentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>elaboraci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las p<span class=\"_ _1\"></span>resentes <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>anuales <span class=\"_ _6\"></span>consolidadas.<span class=\"_ _38\"> </span>  Todos los element<span class=\"_ _1\"></span>os del inmovilizado<span class=\"_ _1\"></span> intangible est\u00e1n<span class=\"_ _6\"></span> afec<span class=\"_ _0\"></span>tos a la explot<span class=\"_ _1\"></span>aci\u00f3n del Gru<span class=\"_ _1\"></span>po.<span class=\"_ _38\"> </span>7.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inm<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>lizad<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>mater<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> </span></span>El detalle <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>movimientos de <span class=\"_ _0\"></span>las distintas <span class=\"_ _0\"></span>partidas <span class=\"_ _0\"></span>que compo<span class=\"_ _0\"></span>nen el <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _0\"></span>material <span class=\"_ _0\"></span>a 31 <span class=\"_ _0\"></span>de diciembre son los<span class=\"_ _1\"></span> siguientes:<span class=\"_ _38\"> </span>(Miles de euros) Saldo inicial Altas y amortizaci\u00f3n<span class=\"_ _1\"></span> Traspasos Bajas Saldo final Ejercicio 2025<span class=\"_ _1\"></span> Coste  Terrenos y<span class=\"_ _1\"></span> construcciones 54.299 - - (47.507) 6.792 Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas y maqui<span class=\"_ _1\"></span>naria 1.195.344 - 309.036 - 1.504.380 Inmovilizado e<span class=\"_ _1\"></span>n curso 499.450 393.744 (309.036) - 584.158 1.749.093 2.095.330 Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  Construcc<span class=\"_ _1\"></span>iones (10.362) - - 5.638 (4.724) Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas y maqui<span class=\"_ _1\"></span>naria (210.283) (42.590) - - (252.873) (220.645) (257.597) Correcciones valo<span class=\"_ _1\"></span>rativas por det<span class=\"_ _1\"></span>erioro Terrenos y<span class=\"_ _1\"></span> construcciones (455) - - 455<span class=\"ls0\"> </span>- (455) - Valor neto contabl<span class=\"_ _1\"></span>e 1.527.993 1.837.733 (Miles de euros) Saldo inicial Altas y amortizaci\u00f3n<span class=\"_ _1\"></span> Reversion Mantenido para la venta Bajas Saldo final Ejercicio 2024<span class=\"_ _1\"></span> Coste  Terrenos y<span class=\"_ _1\"></span> construcciones 71.443 - - (17.144) - 54.299 Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas y maqui<span class=\"_ _1\"></span>naria 1.233.268 - - (37.924) - 1.195.344 Inmovilizado e<span class=\"_ _1\"></span>n curso 208.584 290.866 - - - 499.450 1.513.295 1.749.093 Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  Construcc<span class=\"_ _1\"></span>iones (16.731) (300) - 6.669 - (10.362) Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas y maqui<span class=\"_ _1\"></span>naria (187.003) (38.776) - 15.496 - (210.283) (203.734) (220.645) Correcciones valo<span class=\"_ _1\"></span>rativas por det<span class=\"_ _1\"></span>erioro Terrenos y<span class=\"_ _1\"></span> construcciones (10.930) - 9.601 - 874<span class=\"ls0\"> </span>(455) Instalacio<span class=\"_ _1\"></span>nes T\u00e9cnicas (22.428)  - 19.343 - 3.085 - (33.358) (455) Valor neto contabl<span class=\"_ _1\"></span>e 1.276.203 1.527.993 A  31  de  diciembre  de  2025  y  2024  no  existen  element<span class=\"_ _1\"></span>os  de  inmovilizado  material  total<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ente amortizados. Los  c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>stes <span class=\"_ _3\"> </span>por <span class=\"_ _3\"> </span>intereses <span class=\"_ _5\"> </span>capitalizados <span class=\"_ _3\"> </span>en <span class=\"_ _3\"> </span>relaci\u00f3n <span class=\"_ _3\"> </span>con <span class=\"_ _3\"> </span>estos <span class=\"_ _3\"> </span>activos <span class=\"_ _5\"> </span>a  31 <span class=\"_ _5\"> </span>de  diciembre <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>2025 ascienden a 17,4 <span class=\"ls30\">mi<span class=\"_ _1\"></span><span class=\"ls0\">llones de euro<span class=\"_ _1\"></span>s (6,9 millones de e<span class=\"_ _1\"></span>uros a 31 de diciembr<span class=\"_ _1\"></span>e de 2024)<span class=\"_ _38\"> </span></span></span><span class=\"ls30\"><span class=\"ls0\">.  </span></span>El <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>tiene <span class=\"_ _c\"></span>contratada<span class=\"_ _1\"></span>s <span class=\"_ _c\"></span>varias <span class=\"_ _c\"></span>p\u00f3lizas <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>seguro <span class=\"_ _c\"></span>para <span class=\"_ _c\"></span>cubrir <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>riesgos <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>est\u00e1n <span class=\"_ _c\"></span>sujetos <span class=\"_ _c\"></span>los elementos del inmovilizad<span class=\"_ _1\"></span>o material. La cobertura de estas p\u00f3lizas se <span class=\"_ _0\"></span>considera suficiente. A la fecha<span class=\"_ _1\"></span> de  formulaci<span class=\"_ _1\"></span>\u00f3n  de <span class=\"_ _3\"> </span>las  cuentas <span class=\"_ _3\"> </span>anuales  c<span class=\"_ _1\"></span>onsolidadas  no<span class=\"_ _1\"></span>  existen <span class=\"_ _3\"> </span>compromisos <span class=\"_ _3\"> </span>de  adquisici<span class=\"_ _1\"></span>\u00f3n  de<span class=\"_ _1\"></span> propiedades, plant<span class=\"_ _1\"></span>as o equipos. A <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>diciembr<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2025, <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>plantas <span class=\"_ _1\"></span>solares <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _6\"></span>garantizando <span class=\"_ _6\"></span>deudas <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>instituciones <span class=\"_ _10\"></span>financieras desglosadas <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>Nota <span class=\"_ _c\"></span>14<span class=\"ls10\">. <span class=\"_ _c\"></span></span> <span class=\"_ _c\"></span>A <span class=\"_ _c\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>diciembre <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>2025 <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>2024, <span class=\"_ _c\"></span>to<span class=\"_ _0\"></span>das <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>plantas <span class=\"_ _c\"></span>fotovoltaicas <span class=\"_ _b\"></span>en funcionamiento est<span class=\"_ _1\"></span>\u00e1n afectas al cumplimi<span class=\"_ _1\"></span>ento de obli<span class=\"_ _1\"></span>gaciones financieras<span class=\"ls10\">. </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-387": {
   "value": "6.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inm<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>lizad<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>intang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </span></span>El detall<span class=\"_ _1\"></span>e y l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s m<span class=\"_ _1\"></span>ovimientos de <span class=\"_ _1\"></span>las distin<span class=\"_ _6\"></span>tas partidas q<span class=\"_ _6\"></span>ue componen <span class=\"_ _1\"></span>el inm<span class=\"_ _1\"></span>ovilizado intang<span class=\"_ _1\"></span>ible a <span class=\"_ _6\"></span>31 de diciembre son los<span class=\"_ _1\"></span> siguientes: (Miles de euros) Saldo inicial Altas, bajas y dotaciones Saldo final Ejercicio 2025<span class=\"_ _1\"></span> Coste  Propiedad Int<span class=\"_ _1\"></span>electual 76<span class=\"ls0\"> </span>- 76<span class=\"ls0\"> </span>Aplicacio<span class=\"_ _1\"></span>nes inform\u00e1tic<span class=\"_ _1\"></span>as  310<span class=\"ls0\"> </span>- 310<span class=\"ls0\"> </span>386<span class=\"ls0\"> </span>- 386<span class=\"ls0\"> </span>Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  Aplicacio<span class=\"_ _1\"></span>nes inform\u00e1tic<span class=\"_ _1\"></span>as (60) (2<span class=\"ls0\">0) </span>(80) Valor neto contabl<span class=\"_ _1\"></span>e 326<span class=\"ls0\"> </span>30<span class=\"ls0\">6 </span><div class=\"c w9 h26 gs1e\"><div class=\"t m0 x27 hc y207 ff3 fs6 fc0 sc0 ls0 ws0\">Altas, bajas y </div><div class=\"t m0 xc hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">dotaciones </div></div><div class=\"c w8 h26 gs1f\"><div class=\"t m0 x3f hc y350 ff3 fs6 fc0 sc0 ls0 ws0\">Saldo final </div></div><div class=\"c w7 hb gs20\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Ejercicio 2024<span class=\"_ _1\"></span> </div></div><div class=\"c w7 hd gs21\"><div class=\"t m0 xa hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">Coste  </div></div><div class=\"c w7 hb gs22\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Propiedad Int<span class=\"_ _1\"></span>electual </div></div><div class=\"c w8 hb gs23\"><div class=\"t m0 x61 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">76<span class=\"ls0\"> </span></div></div><div class=\"c w9 hb gs24\"><div class=\"t m0 x1f he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w8 hb gs25\"><div class=\"t m0 x61 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">76<span class=\"ls0\"> </span></div></div><div class=\"c w7 hb gs26\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Aplicacio<span class=\"_ _1\"></span>nes inform\u00e1tic<span class=\"_ _1\"></span>as  </div></div><div class=\"c w8 hb gs27\"><div class=\"t m0 x21 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">307<span class=\"ls0\"> </span></div></div><div class=\"c w9 hb gs28\"><div class=\"t m0 x62 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">3 </div></div><div class=\"c w8 hb gs29\"><div class=\"t m0 x21 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">310<span class=\"ls0\"> </span></div></div><div class=\"c w8 hb gs2a\"><div class=\"t m0 x21 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">383<span class=\"ls0\"> </span></div></div><div class=\"c w9 hb gs2b\"><div class=\"t m0 x1f he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w8 hb gs2c\"><div class=\"t m0 x21 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">386<span class=\"ls0\"> </span></div></div><div class=\"c w7 hb gs2d\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  </div></div><div class=\"c w7 hd gs2e\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Aplicacio<span class=\"_ _1\"></span>nes inform\u00e1tic<span class=\"_ _1\"></span>as </div></div><div class=\"c w8 hd gs2f\"><div class=\"t m0 x37 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(40) </div></div><div class=\"c w9 hd gs30\"><div class=\"t m0 x37 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(20) </div></div><div class=\"c w8 hd gs31\"><div class=\"t m0 x37 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(60) </div></div><div class=\"c w7 hd gs32\"><div class=\"t m0 xa hc y29 ff3 fs6 fc4 sc0 ls0 ws0\">Valor neto contabl<span class=\"_ _1\"></span>e </div></div><div class=\"c w8 hd gs33\"><div class=\"t m0 x21 hc y29 ff3 fs6 fc4 sc0 ls3 ws0\">343<span class=\"ls0\"> </span></div></div><div class=\"c w8 hd gs34\"><div class=\"t m0 x21 hc y29 ff3 fs6 fc4 sc0 ls3 ws0\">326<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0_1 gs35\"><div class=\"t m0 x3 h7 y1d9 ff4 fs4 fc0 sc0 ls0 ws0\">No <span class=\"_ _0\"></span>han existido <span class=\"_ _0\"></span>altas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el ejercicio <span class=\"_ _0\"></span>2025. <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre de <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>hubo <span class=\"_ _0\"></span>3 <span class=\"_ _0\"></span>miles de <span class=\"_ _0\"></span>euros <span class=\"_ _e\"></span>de altas </div><div class=\"t m0 x3 h7 y361 ff4 fs4 fc0 sc0 ls0 ws0\">correspondientes al de<span class=\"_ _1\"></span>sarrollo de la aplic<span class=\"_ _6\"></span>aci\u00f3<span class=\"_ _0\"></span>n infor<span class=\"_ _1\"></span>m\u00e1tica Scada.<span class=\"_ _38\"> </span> </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-368": {
   "value": "No  existen  compromisos  firmes  de  compra  o <span class=\"_ _8\"> </span>ven<span class=\"_ _1\"></span>ta  respecto  a  lo<span class=\"_ _0\"></span>s  elementos  del  inmovilizado intangible <span class=\"_ _10\"></span>que <span class=\"_ _1\"></span>est\u00e9n <span class=\"_ _6\"></span>vigentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>elaboraci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las p<span class=\"_ _1\"></span>resentes <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>anuales <span class=\"_ _6\"></span>consolidadas.<span class=\"_ _38\"> </span>El <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>tiene <span class=\"_ _c\"></span>contratada<span class=\"_ _1\"></span>s <span class=\"_ _c\"></span>varias <span class=\"_ _c\"></span>p\u00f3lizas <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>seguro <span class=\"_ _c\"></span>para <span class=\"_ _c\"></span>cubrir <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>riesgos <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>est\u00e1n <span class=\"_ _c\"></span>sujetos <span class=\"_ _c\"></span>los elementos del inmovilizad<span class=\"_ _1\"></span>o material. La cobertura de estas p\u00f3lizas se <span class=\"_ _0\"></span>considera suficiente. A la fecha<span class=\"_ _1\"></span> de  formulaci<span class=\"_ _1\"></span>\u00f3n  de <span class=\"_ _3\"> </span>las  cuentas <span class=\"_ _3\"> </span>anuales  c<span class=\"_ _1\"></span>onsolidadas  no<span class=\"_ _1\"></span>  existen <span class=\"_ _3\"> </span>compromisos <span class=\"_ _3\"> </span>de  adquisici<span class=\"_ _1\"></span>\u00f3n  de<span class=\"_ _1\"></span> propiedades, plant<span class=\"_ _1\"></span>as o equipos.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-388": {
   "value": "7.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inm<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>lizad<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>mater<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> </span></span>El detalle <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>movimientos de <span class=\"_ _0\"></span>las distintas <span class=\"_ _0\"></span>partidas <span class=\"_ _0\"></span>que compo<span class=\"_ _0\"></span>nen el <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _0\"></span>material <span class=\"_ _0\"></span>a 31 <span class=\"_ _0\"></span>de diciembre son los<span class=\"_ _1\"></span> siguientes:<span class=\"_ _38\"> </span><div class=\"c w46 h26 gs37\"><div class=\"t m0 x16 hc y207 ff3 fs6 fc0 sc0 ls0 ws0\">Altas y </div><div class=\"t m0 xa hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">amortizaci\u00f3n<span class=\"_ _1\"></span> </div></div><div class=\"c w47 h26 gs38\"><div class=\"t m0 xa hc y350 ff3 fs6 fc0 sc0 ls0 ws0\">Traspasos </div></div><div class=\"c w48 h26 gs39\"><div class=\"t m0 x5e hc y350 ff3 fs6 fc0 sc0 ls0 ws0\">Bajas </div></div><div class=\"c w49 h26 gs3a\"><div class=\"t m0 xc hc y207 ff3 fs6 fc0 sc0 ls0 ws0\">Saldo </div><div class=\"t m0 x3f hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">final </div></div><div class=\"c w44 hb gs3b\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Ejercicio 2025<span class=\"_ _1\"></span> </div></div><div class=\"c w44 hd gs3c\"><div class=\"t m0 xa hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">Coste  </div></div><div class=\"c w44 hb gs3d\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Terrenos y<span class=\"_ _1\"></span> construcciones </div></div><div class=\"c w45 hb gs3e\"><div class=\"t m0 x16 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">54.299 </div></div><div class=\"c w46 hb gs3f\"><div class=\"t m0 x68 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w47 hb gs40\"><div class=\"t m0 x5d he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w48 hb gs41\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(47.507) </div></div><div class=\"c w49 hb gs42\"><div class=\"t m0 x33 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">6.792 </div></div><div class=\"c w44 hd gs43\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas y maqui<span class=\"_ _1\"></span>naria </div></div><div class=\"c w45 hd gs44\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">1.195.344 </div></div><div class=\"c w46 hd gs45\"><div class=\"t m0 x68 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w47 hd gs46\"><div class=\"t m0 x2a he y29 ff4 fs6 fc0 sc0 ls0 ws0\">309.036 </div></div><div class=\"c w48 hd gs47\"><div class=\"t m0 x1e he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w49 hd gs48\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">1.504.380 </div></div><div class=\"c w44 hb gs49\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Inmovilizado e<span class=\"_ _1\"></span>n curso </div></div><div class=\"c w45 hb gs4a\"><div class=\"t m0 x25 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">499.450 </div></div><div class=\"c w46 hb gs4b\"><div class=\"t m0 x10 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">393.744 </div></div><div class=\"c w47 hb gs4c\"><div class=\"t m0 x11 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(309.036) </div></div><div class=\"c w48 hb gs4d\"><div class=\"t m0 x1e he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w49 hb gs4e\"><div class=\"t m0 x2a he y27 ff4 fs6 fc0 sc0 ls0 ws0\">584.158 </div></div><div class=\"c w45 hd gs4f\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">1.749.093 </div></div><div class=\"c w49 hd gs50\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">2.095.330 </div></div><div class=\"c w44 hb gs51\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  </div></div><div class=\"c w44 hb gs52\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Construcc<span class=\"_ _1\"></span>iones </div></div><div class=\"c w45 hb gs53\"><div class=\"t m0 x25 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(10.362) </div></div><div class=\"c w46 hb gs54\"><div class=\"t m0 x68 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w47 hb gs55\"><div class=\"t m0 x5d he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w48 hb gs56\"><div class=\"t m0 x3f he y27 ff4 fs6 fc0 sc0 ls0 ws0\">5.638 </div></div><div class=\"c w49 hb gs57\"><div class=\"t m0 x3e he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(4.724) </div></div><div class=\"c w44 hd gs58\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas y maqui<span class=\"_ _1\"></span>naria </div></div><div class=\"c w45 hd gs59\"><div class=\"t m0 x28 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(210.283) </div></div><div class=\"c w46 hd gs5a\"><div class=\"t m0 x10 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(42.590) </div></div><div class=\"c w47 hd gs5b\"><div class=\"t m0 x5d he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w48 hd gs5c\"><div class=\"t m0 x1e he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w49 hd gs5d\"><div class=\"t m0 x28 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(252.873) </div></div><div class=\"c w45 hd gs5e\"><div class=\"t m0 x28 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(220.645) </div></div><div class=\"c w49 hd gs5f\"><div class=\"t m0 x28 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(257.597) </div></div><div class=\"c w44 hb gs60\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Correcciones valo<span class=\"_ _1\"></span>rativas por det<span class=\"_ _1\"></span>erioro </div></div><div class=\"c w44 hb gs61\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Terrenos y<span class=\"_ _1\"></span> construcciones </div></div><div class=\"c w45 hb gs62\"><div class=\"t m0 x12 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(455) </div></div><div class=\"c w46 hb gs63\"><div class=\"t m0 x68 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w47 hb gs64\"><div class=\"t m0 x5d he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w48 hb gs65\"><div class=\"t m0 x33 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">455<span class=\"ls0\"> </span></div></div><div class=\"c w49 hb gs66\"><div class=\"t m0 x20 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w45 hb gs67\"><div class=\"t m0 x12 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(455) </div></div><div class=\"c w49 hb gs68\"><div class=\"t m0 x20 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w44 hd gs69\"><div class=\"t m0 xa hc y29 ff3 fs6 fc4 sc0 ls0 ws0\">Valor neto contabl<span class=\"_ _1\"></span>e </div></div><div class=\"c w45 hd gs6a\"><div class=\"t m0 xa hc y29 ff3 fs6 fc4 sc0 ls0 ws0\">1.527.993 </div></div><div class=\"c w49 hd gs6b\"><div class=\"t m0 xa hc y29 ff3 fs6 fc4 sc0 ls0 ws0\">1.837.733 </div></div><div class=\"c w4a h26 gs6d\"><div class=\"t m0 xa hc y350 ff3 fs6 fc0 sc0 ls0 ws0\">(Miles de euros) </div></div><div class=\"c w4b h26 gs6e\"><div class=\"t m0 x28 hc y350 ff3 fs6 fc0 sc0 ls0 ws0\">Saldo inicial </div></div><div class=\"c w4c h26 gs6f\"><div class=\"t m0 x15 hc y207 ff3 fs6 fc0 sc0 ls0 ws0\">Altas y </div><div class=\"t m0 x11 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">amortizaci\u00f3n<span class=\"_ _1\"></span> </div></div><div class=\"c w4d h26 gs70\"><div class=\"t m0 x27 hc y350 ff3 fs6 fc0 sc0 ls0 ws0\">Reversion </div></div><div class=\"c w4e h26 gs71\"><div class=\"t m0 xa hc y207 ff3 fs6 fc0 sc0 ls0 ws0\">Mantenido para </div><div class=\"t m0 x33 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">la venta </div></div><div class=\"c w4f h26 gs72\"><div class=\"t m0 xc hc y350 ff3 fs6 fc0 sc0 ls0 ws0\">Bajas </div></div><div class=\"c w50 h26 gs73\"><div class=\"t m0 x27 hc y350 ff3 fs6 fc0 sc0 ls0 ws0\">Saldo final </div></div><div class=\"c w4a hb gs74\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Ejercicio 2024<span class=\"_ _1\"></span> </div></div><div class=\"c w4a hd gs75\"><div class=\"t m0 xa hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">Coste  </div></div><div class=\"c w4a hb gs76\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Terrenos y<span class=\"_ _1\"></span> construcciones </div></div><div class=\"c w4b hb gs77\"><div class=\"t m0 x55 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">71.443 </div></div><div class=\"c w4c hb gs78\"><div class=\"t m0 x71 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4d hb gs79\"><div class=\"t m0 x23 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4e hb gs7a\"><div class=\"t m0 x36 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(17.144) </div></div><div class=\"c w4f hb gs7b\"><div class=\"t m0 x20 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w50 hb gs7c\"><div class=\"t m0 x55 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">54.299 </div></div><div class=\"c w4a hb gs7d\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas y maqui<span class=\"_ _1\"></span>naria </div></div><div class=\"c w4b hb gs7e\"><div class=\"t m0 x3f he y27 ff4 fs6 fc0 sc0 ls0 ws0\">1.233.268 </div></div><div class=\"c w4c hb gs7f\"><div class=\"t m0 x71 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4d hb gs80\"><div class=\"t m0 x23 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4e hb gs81\"><div class=\"t m0 x36 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(37.924) </div></div><div class=\"c w4f hb gs82\"><div class=\"t m0 x20 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w50 hb gs83\"><div class=\"t m0 x3e he y27 ff4 fs6 fc0 sc0 ls0 ws0\">1.195.344 </div></div><div class=\"c w4a hd gs84\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Inmovilizado e<span class=\"_ _1\"></span>n curso </div></div><div class=\"c w4b hd gs85\"><div class=\"t m0 x33 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">208.584 </div></div><div class=\"c w4c hd gs86\"><div class=\"t m0 x13 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">290.866 </div></div><div class=\"c w4d hd gs87\"><div class=\"t m0 x23 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4e hd gs88\"><div class=\"t m0 x63 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4f hd gs89\"><div class=\"t m0 x20 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w50 hd gs8a\"><div class=\"t m0 x12 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">499.450 </div></div><div class=\"c w4b hd gs8b\"><div class=\"t m0 x3f he y29 ff4 fs6 fc0 sc0 ls0 ws0\">1.513.295 </div></div><div class=\"c w50 hd gs8c\"><div class=\"t m0 x3e he y29 ff4 fs6 fc0 sc0 ls0 ws0\">1.749.093 </div></div><div class=\"c w4a hb gs8d\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  </div></div><div class=\"c w4a hb gs8e\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Construcc<span class=\"_ _1\"></span>iones </div></div><div class=\"c w4b hb gs8f\"><div class=\"t m0 x33 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(16.731) </div></div><div class=\"c w4c hb gs90\"><div class=\"t m0 x5d he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(300) </div></div><div class=\"c w4d hb gs91\"><div class=\"t m0 x23 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4e hb gs92\"><div class=\"t m0 x1c he y27 ff4 fs6 fc0 sc0 ls0 ws0\">6.669 </div></div><div class=\"c w4f hb gs93\"><div class=\"t m0 x20 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w50 hb gs94\"><div class=\"t m0 x33 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(10.362) </div></div><div class=\"c w4a hd gs95\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Instalacio<span class=\"_ _1\"></span>nes t\u00e9cnicas y maqui<span class=\"_ _1\"></span>naria </div></div><div class=\"c w4b hd gs96\"><div class=\"t m0 x16 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(187.003) </div></div><div class=\"c w4c hd gs97\"><div class=\"t m0 x39 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(38.776) </div></div><div class=\"c w4d hd gs98\"><div class=\"t m0 x23 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4e hd gs99\"><div class=\"t m0 x0_1 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">15.496 </div></div><div class=\"c w4f hd gs9a\"><div class=\"t m0 x20 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w50 hd gs9b\"><div class=\"t m0 x16 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(210.283) </div></div><div class=\"c w4b hb gs9c\"><div class=\"t m0 x16 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(203.734) </div></div><div class=\"c w50 hb gs9d\"><div class=\"t m0 x16 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(220.645) </div></div><div class=\"c w4a hd gs9e\"><div class=\"t m0 xa hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">Correcciones valo<span class=\"_ _1\"></span>rativas por det<span class=\"_ _1\"></span>erioro </div></div><div class=\"c w4a hb gs9f\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Terrenos y<span class=\"_ _1\"></span> construcciones </div></div><div class=\"c w4b hb gsa0\"><div class=\"t m0 x33 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(10.930) </div></div><div class=\"c w4c hb gsa1\"><div class=\"t m0 x71 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4d hb gsa2\"><div class=\"t m0 x13 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">9.601 </div></div><div class=\"c w4e hb gsa3\"><div class=\"t m0 x63 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4f hb gsa4\"><div class=\"t m0 x39 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">874<span class=\"ls0\"> </span></div></div><div class=\"c w50 hb gsa5\"><div class=\"t m0 x1e he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(455) </div></div><div class=\"c w4a hb gsa6\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Instalacio<span class=\"_ _1\"></span>nes T\u00e9cnicas </div></div><div class=\"c w4b hb gsa7\"><div class=\"t m0 x33 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(22.428) </div></div><div class=\"c w4c hb gsa8\"><div class=\"t m0 x61 he y27 ff4 fs6 fc0 sc0 ls0 ws0\"> - </div></div><div class=\"c w4d hb gsa9\"><div class=\"t m0 xe he y27 ff4 fs6 fc0 sc0 ls0 ws0\">19.343 </div></div><div class=\"c w4e hb gsaa\"><div class=\"t m0 x63 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4f hb gsab\"><div class=\"t m0 x33 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">3.085 </div></div><div class=\"c w50 hb gsac\"><div class=\"t m0 x37 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w4b hb gsad\"><div class=\"t m0 x33 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(33.358) </div></div><div class=\"c w50 hb gsae\"><div class=\"t m0 x1e he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(455) </div></div><div class=\"c w4a hd gsb0\"><div class=\"t m0 xa hc y29 ff3 fs6 fc4 sc0 ls0 ws0\">Valor neto contabl<span class=\"_ _1\"></span>e </div></div><div class=\"c w4b hd gsb1\"><div class=\"t m0 x3f hc y29 ff3 fs6 fc4 sc0 ls0 ws0\">1.276.203 </div></div><div class=\"c w50 hd gsb2\"><div class=\"t m0 x3e hc y29 ff3 fs6 fc4 sc0 ls0 ws0\">1.527.993 </div></div><div class=\"c w2 h0_1 gsb3\"><div class=\"t m0 x3 h6 y385 ff3 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Movimientos  </div><div class=\"t m0 x3 h7 y386 ff4 fs4 fc0 sc0 ls0 ws0\">Las <span class=\"_ _13\"> </span>altas <span class=\"_ _13\"> </span>registradas <span class=\"_ _8\"> </span>durante <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>ejercicios <span class=\"_ _13\"> </span>2025 <span class=\"_ _8\"> </span>y <span class=\"_ _13\"> </span>2024 <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>corresponden <span class=\"_ _8\"> </span>principalmente <span class=\"_ _13\"> </span>con </div><div class=\"t m0 x3 h7 y387 ff4 fs4 fc0 sc0 ls0 ws0\">inversiones en nueva<span class=\"_ _1\"></span>s plantas en <span class=\"_ _1\"></span>construcci\u00f3n.  </div><div class=\"t m0 x3 h7 y1d7 ff4 fs4 fc0 sc0 ls0 ws0\">Los <span class=\"_ _b\"></span>traspasos <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>ejercicio <span class=\"_ _e\"></span>2<span class=\"_ _0\"></span>025 <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>corresponde <span class=\"_ _e\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>puesta <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>marcha <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>los <span class=\"_ _b\"></span>proyectos <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>vez </div><div class=\"t m0 x3 h7 y167 ff4 fs4 fc0 sc0 ls0 ws0\">finalizada su construc<span class=\"_ _1\"></span>ci\u00f3n y realizad<span class=\"_ _1\"></span>a su conexi\u00f3n.  </div><div class=\"t m0 x3 h7 y388 ff4 fs4 fc0 sc0 ls0 ws0\">Las <span class=\"_ _7\"></span>bajas <span class=\"_ _7\"></span>registradas<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>ejercicio <span class=\"_ _c\"></span>2025 <span class=\"_ _7\"> </span>se <span class=\"_ _7\"> </span>corresponde <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>los <span class=\"_ _7\"></span>activ<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>aportados <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>Sociedad<span class=\"_ _6\"></span> </div></div>Generia Land, S.L. (N<span class=\"_ _1\"></span>ota 8.1). 7.2 Deterioro de in<span class=\"_ _1\"></span>movilizad<span class=\"_ _1\"></span>o material En <span class=\"_ _e\"></span>ejercicios <span class=\"_ _e\"></span>anteriores <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>deterior\u00f3 <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>valor <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>ciertos <span class=\"_ _b\"></span>activos <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>inculados <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>actividad <span class=\"_ _e\"></span>de construcci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>placas <span class=\"_ _b\"></span>solares. <span class=\"_ _b\"></span>El <span class=\"_ _b\"></span>detalle <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _c\"></span>deterioros <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2025<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>es <span class=\"_ _b\"></span>el siguiente<span class=\"ls2a\">: </span> (Miles de euros)<span class=\"_ _1\"></span> Naturaleza Segmento Deterioro Activo 31/12/2025 31/12/2024 Terrenos D<span class=\"_ _1\"></span>ehesa Vaqueros Fincas r\u00fast<span class=\"_ _1\"></span>icas Espa\u00f1a - (455) Puertollano <span class=\"_ _10\"></span>(Naves <span class=\"_ _6\"></span>industriales <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>instalaciones)<span class=\"_ _1\"></span>:<span class=\"ff4\"> <span class=\"_ _6\"></span>Durante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _10\"></span>2024, <span class=\"_ _6\"></span>dado <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>creciente <span class=\"_ _6\"></span>desarrollo </span>de <span class=\"_ _3\"> </span>nue<span class=\"_ _1\"></span>vos <span class=\"_ _3\"> </span>negoci<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>(D<span class=\"_ _0\"></span>ata <span class=\"_ _5\"> </span>Centers) <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>instalaciones <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>Puertollano, <span class=\"_ _3\"> </span>se <span class=\"_ _3\"> </span>procedi<span class=\"_ _1\"></span>\u00f3 <span class=\"_ _3\"> </span>a <span class=\"_ _5\"> </span>revertir <span class=\"_ _5\"> </span>el deterioro <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>dicha <span class=\"_ _e\"></span>fabrica <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>importe <span class=\"_ _e\"></span>neto <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>2<span class=\"_ _0\"></span>8,9 <span class=\"_ _e\"></span>millones <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>euros, <span class=\"_ _b\"></span>aplicand<span class=\"_ _1\"></span>ole <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>amortizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n correspondiente de<span class=\"_ _6\"></span> lo<span class=\"_ _0\"></span>s a\u00f1os que s<span class=\"_ _1\"></span>e hab\u00eda mant<span class=\"_ _1\"></span>enido deteriorada p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r importe<span class=\"_ _1\"></span> de 4 millones de<span class=\"_ _1\"></span> euros<span class=\"_ _1\"></span> (registrado como baja<span class=\"_ _1\"></span>s de deterioro en el<span class=\"_ _6\"></span> c<span class=\"_ _0\"></span>uadro de movi<span class=\"_ _1\"></span>mientos de inmo<span class=\"_ _1\"></span>vilizado de 2024).  Posteriormente, al <span class=\"_ _0\"></span>cumplir con <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>requerimient<span class=\"_ _1\"></span>os, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>procedi\u00f3 a <span class=\"_ _0\"></span>traspasar el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>neto contable <span class=\"_ _0\"></span>de la nave de <span class=\"ff7\">Puert<span class=\"_ _1\"></span>ollano a \u201cActiv<span class=\"_ _1\"></span>os no corrientes mant<span class=\"_ _6\"></span>enidos para la venta\u201d (Nota <span class=\"ff4 lsc\">10<span class=\"ls2e\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span></span></span>En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u00faltimo <span class=\"_ _1\"></span>trimestre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>creciente <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>centros <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>datos, <span class=\"_ _6\"></span>donde <span class=\"_ _6\"></span>Solaria, <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>mantener<span class=\"_ _6\"></span> una <span class=\"_ _e\"></span>posici\u00f3n <span class=\"_ _e\"></span>privilegiada <span class=\"_ _0\"></span>con <span class=\"_ _e\"></span>punto <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>consumo, <span class=\"_ _e\"></span>terrenos <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>nave, <span class=\"_ _e\"></span>recibi\u00f3 <span class=\"_ _e\"></span>varias <span class=\"_ _e\"></span>ofertas <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>terceros<span class=\"_ _6\"></span> todas <span class=\"_ _1\"></span>ellas <span class=\"_ _6\"></span>valoradas po<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>encima <span class=\"_ _6\"></span>de los<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span>8,9 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _6\"></span>(Valor n<span class=\"_ _1\"></span>eto c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ntable <span class=\"_ _6\"></span>de las<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>naves <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>instalaciones<span class=\"_ _1\"></span> de Puertollano).<span class=\"_ _1\"></span> Terrenos <span class=\"_ _e\"></span>r\u00fasticos <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>agr\u00edcolas <span class=\"_ _b\"></span><span class=\"ffe\">\u2013</span> <span class=\"_ _b\"></span>Dehesa <span class=\"_ _b\"></span>Vaqueros<span class=\"ff4 ls2a\">: <span class=\"_ _e\"></span><span class=\"ls0\">En <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>ejercicio <span class=\"_ _e\"></span>2025 <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>procede <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>traspaso <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>la<span class=\"_ _1\"></span> </span></span>Sociedad <span class=\"_ _1\"></span>Generia <span class=\"_ _6\"></span>Land,S.L. <span class=\"_ _1\"></span>(Nota <span class=\"_ _1\"></span>8.1). El <span class=\"_ _6\"></span>valor n<span class=\"_ _1\"></span>eto <span class=\"_ _1\"></span>contable <span class=\"_ _6\"></span>de est<span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>tivo a<span class=\"_ _1\"></span> 3<span class=\"_ _1\"></span>1 d<span class=\"_ _1\"></span>e dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre <span class=\"_ _6\"></span>de 2024<span class=\"_ _1\"></span> asciende <span class=\"ls2f\">a </span>1.255 miles de eu<span class=\"_ _1\"></span>ros respectivament<span class=\"_ _1\"></span>e. Durante <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>ejercicio <span class=\"_ _0\"></span>2025 <span class=\"_ _e\"></span>y <span class=\"_ _0\"></span>2024 <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>ha <span class=\"_ _0\"></span>procedido <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>an\u00e1lisis <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>existencia <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>indicios <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>deterior<span class=\"_ _1\"></span>o en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>resto <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>activos, <span class=\"_ _e\"></span>concluyendo <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _e\"></span>existe <span class=\"_ _e\"></span>ning\u00fan <span class=\"_ _0\"></span>indicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>libros <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>sus activos m<span class=\"_ _0\"></span>ateriales exceda <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>correspondiente <span class=\"_ _0\"></span>importe recuperable, <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>decir, <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>que alg\u00fan <span class=\"_ _0\"></span>elemento puede estar deteriorad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. 8.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inv<span class=\"_ _0\"></span>ersi<span class=\"_ _0\"></span>ones<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>das<span class=\"_ _0\"></span> </span></span>8.1<span class=\"ff1\"> <span class=\"_ _e\"></span></span>G<span class=\"_ _0\"></span>eneria Land, <span class=\"_ _1\"></span>S.L. Durante <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>ejercicio <span class=\"_ _e\"></span>2025, <span class=\"_ _b\"></span>Solaria <span class=\"_ _b\"></span>Energ\u00eda <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>Medio <span class=\"_ _b\"></span>Ambiente, <span class=\"_ _e\"></span>S.A. <span class=\"_ _c\"></span>ha <span class=\"_ _e\"></span>alcanzado <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>un fondo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inversi\u00f3n<span class=\"_ _1\"></span> espe<span class=\"_ _1\"></span>cializado <span class=\"_ _6\"></span>en infraes<span class=\"_ _1\"></span>tructuras, <span class=\"_ _6\"></span>a tra<span class=\"_ _1\"></span>v\u00e9s d<span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>cual <span class=\"_ _6\"></span>am<span class=\"_ _0\"></span>bas <span class=\"_ _6\"></span>partes s<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>comprometen,<span class=\"_ _6\"></span> a trav\u00e9s de la sociedad Generia Land, al desarroll<span class=\"_ _1\"></span>o conjunto de una plataforma orientada a la gesti\u00f3<span class=\"_ _1\"></span>n y <span class=\"_ _c\"></span>explotaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>te<span class=\"_ _0\"></span>rrenos <span class=\"_ _b\"></span>asociados <span class=\"_ _c\"></span>a <span class=\"_ _c\"></span>proyectos <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>energ\u00eda <span class=\"_ _c\"></span>renovable. <span class=\"_ _b\"></span>En <span class=\"_ _7\"></span>este <span class=\"_ _b\"></span>sentido, <span class=\"_ _c\"></span>Solaria <span class=\"_ _c\"></span>ha aportado un <span class=\"_ _0\"></span>conjunto <span class=\"_ _0\"></span>de activos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>consisten en <span class=\"_ _0\"></span>terrenos, opciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>compra<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de te<span class=\"_ _0\"></span>rrenos y <span class=\"_ _0\"></span>otros activos <span class=\"_ _e\"></span>relevantes.. <span class=\"_ _0\"></span>El <span class=\"_ _e\"></span>inversor <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>comprome<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>aportar <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>manera <span class=\"_ _e\"></span>irrevocable <span class=\"_ _0\"></span>125 <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _0\"></span>de euros de capital<span class=\"_ _1\"></span> hasta alcanz<span class=\"_ _1\"></span>ar un 50% del capital s<span class=\"_ _1\"></span>ocial de Generia Land,<span class=\"_ _6\"></span> S.L. Los <span class=\"_ _3\"> </span>pactos <span class=\"_ _5\"> </span>estatutarios <span class=\"_ _3\"> </span>y <span class=\"_ _5\"> </span>contractuales <span class=\"_ _3\"> </span>acordados <span class=\"_ _5\"> </span>entre <span class=\"_ _3\"> </span>Solaria <span class=\"_ _5\"> </span>y  el<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>inversor <span class=\"_ _5\"> </span>establecen <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>las<span class=\"_ _1\"></span> decisiones relevan<span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>s relativas a<span class=\"_ _1\"></span> las actividad<span class=\"_ _1\"></span>es significativas de<span class=\"_ _6\"></span> Ge<span class=\"_ _0\"></span>neria requier<span class=\"_ _6\"></span>en el consentimiento<span class=\"_ _6\"></span> conjunto de<span class=\"_ _1\"></span> ambo<span class=\"_ _1\"></span>s accioni<span class=\"_ _1\"></span>stas, ind<span class=\"_ _1\"></span>ependientemente<span class=\"_ _1\"></span> del <span class=\"_ _6\"></span>p<span class=\"_ _0\"></span>orcentaje <span class=\"_ _6\"></span>econ\u00f3mico atribuid<span class=\"_ _1\"></span>o a <span class=\"_ _1\"></span>cada un<span class=\"_ _1\"></span>o. Las <span class=\"_ _8\"> </span>acti<span class=\"_ _1\"></span>vidades <span class=\"_ _8\"> </span>signifi<span class=\"_ _1\"></span>cativas  definidas <span class=\"_ _8\"> </span>en  el <span class=\"_ _8\"> </span>contra<span class=\"_ _1\"></span>to <span class=\"_ _8\"> </span>incluy<span class=\"_ _1\"></span>en, <span class=\"_ _8\"> </span>entre  otras:  (i) <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>aprobaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n  y modificaci\u00f3n del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocio <span class=\"_ _0\"></span>anual <span class=\"_ _0\"></span>(Budget); (ii) <span class=\"_ _0\"></span>decisiones <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>adquisici\u00f3n o <span class=\"_ _e\"></span>disposici\u00f3n de terrenos <span class=\"_ _8\"> </span>u <span class=\"_ _13\"> </span>opci<span class=\"_ _1\"></span>ones <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>compra; <span class=\"_ _8\"> </span>(iii) <span class=\"_ _8\"> </span>la <span class=\"_ _13\"> </span>aproba<span class=\"_ _1\"></span>ci\u00f3n <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _8\"> </span>estructura <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>fina<span class=\"_ _1\"></span>nciaci\u00f3n, <span class=\"_ _8\"> </span>incluidos endeudamiento<span class=\"_ _1\"></span> bancario <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>garant\u00edas y<span class=\"_ _1\"></span> (iv) <span class=\"_ _6\"></span>la formalizaci\u00f3n d<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>ontratos de<span class=\"_ _6\"></span> arrendamiento. S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>laria n<span class=\"_ _6\"></span>o tiene <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>oto <span class=\"_ _5\"> </span>dirimente <span class=\"_ _7\"></span>ni <span class=\"_ _5\"> </span>ning\u00fan <span class=\"_ _7\"></span>otro <span class=\"_ _3\"> </span>derech<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"> </span>econ\u00f3mic<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>preferente <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>toma <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>decisiones <span class=\"_ _5\"> </span>de actividades rele<span class=\"_ _1\"></span>vantes ni las decisi<span class=\"_ _1\"></span>ones de alquiler.  A la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de la <span class=\"_ _0\"></span>p\u00e9rdida de co<span class=\"_ _0\"></span>ntrol, el <span class=\"_ _0\"></span>Grupo Solaria ha <span class=\"_ _0\"></span>dado <span class=\"_ _0\"></span>de baja el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>contable de la <span class=\"_ _0\"></span>totalidad<span class=\"_ _1\"></span> de lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>activos y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>de Generia, <span class=\"_ _0\"></span>reconoci\u00e9ndose la participaci\u00f3n <span class=\"_ _0\"></span>retenida en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>venture <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span> valor <span class=\"_ _8\"> </span>razonable <span class=\"_ _8\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>registr\u00e1ndose <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>resultado <span class=\"_ _13\"> </span>por <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>diferencia <span class=\"_ _13\"> </span>entre <span class=\"_ _8\"> </span>el <span class=\"_ _8\"> </span>valor <span class=\"_ _8\"> </span>razonable <span class=\"_ _13\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _13\"> </span>la participaci\u00f3n retenida, y el valor e<span class=\"_ _0\"></span>n libros de <span class=\"_ _0\"></span>los activos netos <span class=\"_ _0\"></span>de Generia que se desco<span class=\"_ _0\"></span>nsolidan.<span class=\"_ _38\"> </span> Este<span class=\"_ _6\"></span> valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>ha <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>btenido <span class=\"_ _0\"></span>atendiendo <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>realidad <span class=\"_ _0\"></span>econ\u00f3mica <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>operaci\u00f3n <span class=\"_ _e\"></span>tomando <span class=\"_ _0\"></span>como construidos<span class=\"_ _0\"></span> lo<span class=\"_ _1\"></span>s parques fotovoltaicos. <span class=\"_ _1\"></span>Los contratos generalmente <span class=\"_ _6\"></span>ti<span class=\"_ _0\"></span>enen una <span class=\"_ _1\"></span>duraci\u00f3n inicial de <span class=\"_ _6\"></span>26 a\u00f1os m\u00e1s <span class=\"_ _1\"></span>la opci\u00f3n de prorro<span class=\"_ _0\"></span>gar dichos contratos<span class=\"_ _0\"></span> por 2 p<span class=\"_ _0\"></span>eriodos de 5 a\u00f1os ca<span class=\"_ _0\"></span>da uno. Las cuotas corresp<span class=\"_ _0\"></span>onden a pago<span class=\"_ _0\"></span>s fijos<span class=\"_ _38\"> </span>sin <span class=\"_ _e\"></span>existir <span class=\"_ _e\"></span>pagos <span class=\"_ _e\"></span>variables, <span class=\"_ _e\"></span>incentiv<span class=\"_ _0\"></span>os <span class=\"_ _e\"></span>u <span class=\"_ _e\"></span>opciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>compra. <span class=\"_ _e\"></span>Durante <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ejercicio <span class=\"_ _e\"></span>2025 <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2024, <span class=\"_ _b\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>ha renegociado sus co<span class=\"_ _0\"></span>ntratos.  9.1<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Movimientos  Las altas del ejerci<span class=\"_ _1\"></span>cio 2025 y 2024 corr<span class=\"_ _1\"></span>esponden a nue<span class=\"_ _1\"></span>vos contratos firmad<span class=\"_ _1\"></span>os en el ejercicio.  9.2<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Otra informaci\u00f3n<span class=\"_ _1\"></span> El <span class=\"_ _6\"></span>gasto<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>registra<span class=\"_ _1\"></span>do <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>contratos <span class=\"_ _1\"></span>sujetos <span class=\"_ _6\"></span>a N<span class=\"_ _1\"></span>IIF <span class=\"_ _6\"></span>16 (derechos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>superficie) ha <span class=\"_ _6\"></span>ascendid<span class=\"_ _6\"></span>o a <span class=\"lsc\">5.<span class=\"ls0\">337 miles de<span class=\"_ _1\"></span> euros en e<span class=\"_ _1\"></span>l ejercicio 2025 (4.478 <span class=\"_ _1\"></span>miles de euros en el <span class=\"_ _1\"></span>ejercicio 2024) (Nota 16.<span class=\"_ _1\"></span>4)<span class=\"ls10\">. </span> </span></span>No <span class=\"_ _3\"> </span>hay <span class=\"_ _5\"> </span>o<span class=\"_ _0\"></span>peraci<span class=\"_ _1\"></span>ones <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>su<span class=\"_ _1\"></span>barrendamiento <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>terceros <span class=\"_ _5\"> </span>externos <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Grupo <span class=\"_ _5\"> </span>ni <span class=\"_ _3\"> </span>contratos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>\u201csale <span class=\"_ _5\"> </span>&amp; leaseback\u201d. <span class=\"ff4\"> </span>El tip<span class=\"_ _1\"></span>o de <span class=\"_ _1\"></span>descuent<span class=\"_ _1\"></span>o medio<span class=\"_ _1\"></span> apli<span class=\"_ _1\"></span>cado ha <span class=\"_ _6\"></span>sido de <span class=\"_ _1\"></span>un <span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>,05% para <span class=\"_ _6\"></span>el ejer<span class=\"_ _6\"></span>cicio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2025 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>entorno al <span class=\"_ _6\"></span>3,5% par<span class=\"_ _6\"></span>a ejercicios <span class=\"_ _1\"></span>anteriores. <span class=\"_ _6\"></span>Los ti<span class=\"_ _1\"></span>pos de <span class=\"_ _6\"></span>descuento <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>han ca<span class=\"_ _6\"></span>lculado teniendo <span class=\"_ _6\"></span>en cuenta<span class=\"_ _6\"></span> el Rating<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> Gru<span class=\"_ _1\"></span>po, entre otros fact<span class=\"_ _1\"></span>ores. A 31 d<span class=\"_ _1\"></span>e diciembre <span class=\"_ _1\"></span>de 2<span class=\"_ _1\"></span>025 y 2<span class=\"_ _1\"></span>024 no <span class=\"_ _1\"></span>se han identifi<span class=\"_ _6\"></span>cado indicios d<span class=\"_ _6\"></span>e deterioro en <span class=\"_ _6\"></span>los activos teniend<span class=\"_ _1\"></span>o en cuenta la rentabilid<span class=\"_ _1\"></span>ad de las plantas<span class=\"_ _1\"></span> fotovoltaicas <span class=\"_ _1\"></span>a las que est\u00e1n asociad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "7.1<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Movimientos  Las <span class=\"_ _13\"> </span>altas <span class=\"_ _13\"> </span>registradas <span class=\"_ _8\"> </span>durante <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>ejercicios <span class=\"_ _13\"> </span>2025 <span class=\"_ _8\"> </span>y <span class=\"_ _13\"> </span>2024 <span class=\"_ _13\"> </span>se <span class=\"_ _13\"> </span>corresponden <span class=\"_ _8\"> </span>principalmente <span class=\"_ _13\"> </span>con inversiones en nueva<span class=\"_ _1\"></span>s plantas en <span class=\"_ _1\"></span>construcci\u00f3n.  Los <span class=\"_ _b\"></span>traspasos <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>ejercicio <span class=\"_ _e\"></span>2<span class=\"_ _0\"></span>025 <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>corresponde <span class=\"_ _e\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>puesta <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>marcha <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>los <span class=\"_ _b\"></span>proyectos <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>vez finalizada su construc<span class=\"_ _1\"></span>ci\u00f3n y realizad<span class=\"_ _1\"></span>a su conexi\u00f3n.  Las <span class=\"_ _7\"></span>bajas <span class=\"_ _7\"></span>registradas<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>ejercicio <span class=\"_ _c\"></span>2025 <span class=\"_ _7\"> </span>se <span class=\"_ _7\"> </span>corresponde <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>los <span class=\"_ _7\"></span>activ<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>aportados <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>Sociedad<span class=\"_ _6\"></span> Generia Land, S.L. (N<span class=\"_ _1\"></span>ota 8.1). 7.2 Deterioro de in<span class=\"_ _1\"></span>movilizad<span class=\"_ _1\"></span>o material En <span class=\"_ _e\"></span>ejercicios <span class=\"_ _e\"></span>anteriores <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>deterior\u00f3 <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>valor <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>ciertos <span class=\"_ _b\"></span>activos <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>inculados <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>actividad <span class=\"_ _e\"></span>de construcci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>placas <span class=\"_ _b\"></span>solares. <span class=\"_ _b\"></span>El <span class=\"_ _b\"></span>detalle <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _c\"></span>deterioros <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2025<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>es <span class=\"_ _b\"></span>el siguiente<span class=\"ls2a\">: </span> (Miles de euros)<span class=\"_ _1\"></span> Naturaleza Segmento Deterioro Activo 31/12/2025 31/12/2024 Terrenos D<span class=\"_ _1\"></span>ehesa Vaqueros Fincas r\u00fast<span class=\"_ _1\"></span>icas Espa\u00f1a - (455) Puertollano <span class=\"_ _10\"></span>(Naves <span class=\"_ _6\"></span>industriales <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>instalaciones)<span class=\"_ _1\"></span>:<span class=\"ff4\"> <span class=\"_ _6\"></span>Durante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _10\"></span>2024, <span class=\"_ _6\"></span>dado <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>creciente <span class=\"_ _6\"></span>desarrollo </span>de <span class=\"_ _3\"> </span>nue<span class=\"_ _1\"></span>vos <span class=\"_ _3\"> </span>negoci<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>(D<span class=\"_ _0\"></span>ata <span class=\"_ _5\"> </span>Centers) <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>las <span class=\"_ _5\"> </span>instalaciones <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>Puertollano, <span class=\"_ _3\"> </span>se <span class=\"_ _3\"> </span>procedi<span class=\"_ _1\"></span>\u00f3 <span class=\"_ _3\"> </span>a <span class=\"_ _5\"> </span>revertir <span class=\"_ _5\"> </span>el deterioro <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>dicha <span class=\"_ _e\"></span>fabrica <span class=\"_ _e\"></span>por <span class=\"_ _b\"></span>importe <span class=\"_ _e\"></span>neto <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>2<span class=\"_ _0\"></span>8,9 <span class=\"_ _e\"></span>millones <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>euros, <span class=\"_ _b\"></span>aplicand<span class=\"_ _1\"></span>ole <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>amortizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n correspondiente de<span class=\"_ _6\"></span> lo<span class=\"_ _0\"></span>s a\u00f1os que s<span class=\"_ _1\"></span>e hab\u00eda mant<span class=\"_ _1\"></span>enido deteriorada p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r importe<span class=\"_ _1\"></span> de 4 millones de<span class=\"_ _1\"></span> euros<span class=\"_ _1\"></span> (registrado como baja<span class=\"_ _1\"></span>s de deterioro en el<span class=\"_ _6\"></span> c<span class=\"_ _0\"></span>uadro de movi<span class=\"_ _1\"></span>mientos de inmo<span class=\"_ _1\"></span>vilizado de 2024).  Posteriormente, al <span class=\"_ _0\"></span>cumplir con <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>requerimient<span class=\"_ _1\"></span>os, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>procedi\u00f3 a <span class=\"_ _0\"></span>traspasar el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>neto contable <span class=\"_ _0\"></span>de la nave de <span class=\"ff7\">Puert<span class=\"_ _1\"></span>ollano a \u201cActiv<span class=\"_ _1\"></span>os no corrientes mant<span class=\"_ _6\"></span>enidos para la venta\u201d (Nota <span class=\"ff4 lsc\">10<span class=\"ls2e\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span></span></span>En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u00faltimo <span class=\"_ _1\"></span>trimestre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>creciente <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>centros <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>datos, <span class=\"_ _6\"></span>donde <span class=\"_ _6\"></span>Solaria, <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>mantener<span class=\"_ _6\"></span> una <span class=\"_ _e\"></span>posici\u00f3n <span class=\"_ _e\"></span>privilegiada <span class=\"_ _0\"></span>con <span class=\"_ _e\"></span>punto <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>consumo, <span class=\"_ _e\"></span>terrenos <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>nave, <span class=\"_ _e\"></span>recibi\u00f3 <span class=\"_ _e\"></span>varias <span class=\"_ _e\"></span>ofertas <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>terceros<span class=\"_ _6\"></span> todas <span class=\"_ _1\"></span>ellas <span class=\"_ _6\"></span>valoradas po<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>encima <span class=\"_ _6\"></span>de los<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span>8,9 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _6\"></span>(Valor n<span class=\"_ _1\"></span>eto c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ntable <span class=\"_ _6\"></span>de las<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>naves <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>instalaciones<span class=\"_ _1\"></span> de Puertollano).<span class=\"_ _1\"></span> Terrenos <span class=\"_ _e\"></span>r\u00fasticos <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>agr\u00edcolas <span class=\"_ _b\"></span><span class=\"ffe\">\u2013</span> <span class=\"_ _b\"></span>Dehesa <span class=\"_ _b\"></span>Vaqueros<span class=\"ff4 ls2a\">: <span class=\"_ _e\"></span><span class=\"ls0\">En <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>ejercicio <span class=\"_ _e\"></span>2025 <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>procede <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>traspaso <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>la<span class=\"_ _1\"></span> </span></span>Sociedad <span class=\"_ _1\"></span>Generia <span class=\"_ _6\"></span>Land,S.L. <span class=\"_ _1\"></span>(Nota <span class=\"_ _1\"></span>8.1). El <span class=\"_ _6\"></span>valor n<span class=\"_ _1\"></span>eto <span class=\"_ _1\"></span>contable <span class=\"_ _6\"></span>de est<span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>tivo a<span class=\"_ _1\"></span> 3<span class=\"_ _1\"></span>1 d<span class=\"_ _1\"></span>e dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre <span class=\"_ _6\"></span>de 2024<span class=\"_ _1\"></span> asciende <span class=\"ls2f\">a </span>1.255 miles de eu<span class=\"_ _1\"></span>ros respectivament<span class=\"_ _1\"></span>e. Durante <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>ejercicio <span class=\"_ _0\"></span>2025 <span class=\"_ _e\"></span>y <span class=\"_ _0\"></span>2024 <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>ha <span class=\"_ _0\"></span>procedido <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>an\u00e1lisis <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>existencia <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>indicios <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>deterior<span class=\"_ _1\"></span>o en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>resto <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>activos, <span class=\"_ _e\"></span>concluyendo <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _e\"></span>existe <span class=\"_ _e\"></span>ning\u00fan <span class=\"_ _0\"></span>indicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>libros <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>sus activos m<span class=\"_ _0\"></span>ateriales exceda <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>correspondiente <span class=\"_ _0\"></span>importe recuperable, <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>decir, <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>que alg\u00fan <span class=\"_ _0\"></span>elemento puede estar deteriorad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-402": {
   "value": "El <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>tiene <span class=\"_ _c\"></span>contratada<span class=\"_ _1\"></span>s <span class=\"_ _c\"></span>varias <span class=\"_ _c\"></span>p\u00f3lizas <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>seguro <span class=\"_ _c\"></span>para <span class=\"_ _c\"></span>cubrir <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>riesgos <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>est\u00e1n <span class=\"_ _c\"></span>sujetos <span class=\"_ _c\"></span>los elementos del inmovilizad<span class=\"_ _1\"></span>o material. La cobertura de estas p\u00f3lizas se <span class=\"_ _0\"></span>considera suficiente. A la fecha<span class=\"_ _1\"></span> de  formulaci<span class=\"_ _1\"></span>\u00f3n  de <span class=\"_ _3\"> </span>las  cuentas <span class=\"_ _3\"> </span>anuales  c<span class=\"_ _1\"></span>onsolidadas  no<span class=\"_ _1\"></span>  existen <span class=\"_ _3\"> </span>compromisos <span class=\"_ _3\"> </span>de  adquisici<span class=\"_ _1\"></span>\u00f3n  de<span class=\"_ _1\"></span> propiedades, plant<span class=\"_ _1\"></span>as o equipos.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-369": {
   "value": "A <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>diciembr<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2025, <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>plantas <span class=\"_ _1\"></span>solares <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _6\"></span>garantizando <span class=\"_ _6\"></span>deudas <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>instituciones <span class=\"_ _10\"></span>financieras desglosadas <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>Nota <span class=\"_ _c\"></span>14<span class=\"ls10\">. <span class=\"_ _c\"></span></span> <span class=\"_ _c\"></span>A <span class=\"_ _c\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>diciembre <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>2025 <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>2024, <span class=\"_ _c\"></span>to<span class=\"_ _0\"></span>das <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>plantas <span class=\"_ _c\"></span>fotovoltaicas <span class=\"_ _b\"></span>en funcionamiento est<span class=\"_ _1\"></span>\u00e1n afectas al cumplimi<span class=\"_ _1\"></span>ento de obli<span class=\"_ _1\"></span>gaciones financieras<span class=\"ls10\">. </span> 19.4 <span class=\"_ _23\"> </span>Seguros de cauci\u00f3n y avale<span class=\"_ _1\"></span>s bancarios El  Grupo <span class=\"_ _3\"> </span>tiene <span class=\"_ _3\"> </span>pasivos  c<span class=\"_ _1\"></span>ontingentes <span class=\"_ _3\"> </span>por  seguros<span class=\"_ _1\"></span>  de  cau<span class=\"_ _1\"></span>ci\u00f3n,  avales<span class=\"_ _1\"></span>  bancari<span class=\"_ _1\"></span>os  y <span class=\"_ _3\"> </span>otras  garan<span class=\"_ _1\"></span>t\u00edas relacionadas <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span><span class=\"lsb\">lo</span>s <span class=\"_ _7\"></span>puntos <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>acces<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>y <span class=\"_ _7\"> </span>conexi\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>generaci\u00f3n <span class=\"_ _c\"></span>y <span class=\"_ _5\"> </span>demanda <span class=\"_ _7\"></span>por <span class=\"_ _7\"></span>impo<span class=\"_ _38\"> </span>rte <span class=\"_ _c\"></span>de <span class=\"_ _5\"> </span>7<span class=\"lsf\">63</span> millones <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _e\"></span>(<span class=\"lsc\">56</span>2 m<span class=\"_ _0\"></span>illones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2024). <span class=\"_ _e\"></span>El Grupo <span class=\"_ _10\"></span>no <span class=\"_ _6\"></span>prev\u00e9 <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>surja <span class=\"_ _6\"></span>pasivo <span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>contingencia <span class=\"_ _6\"></span>alguna <span class=\"_ _10\"></span>como <span class=\"_ _6\"></span>consecuencia <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _6\"></span>mencionados <span class=\"_ _10\"></span>avales. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "8.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inv<span class=\"_ _0\"></span>ersi<span class=\"_ _0\"></span>ones<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>das<span class=\"_ _0\"></span> </span></span>8.1<span class=\"ff1\"> <span class=\"_ _e\"></span></span>G<span class=\"_ _0\"></span>eneria Land, <span class=\"_ _1\"></span>S.L. Durante <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>ejercicio <span class=\"_ _e\"></span>2025, <span class=\"_ _b\"></span>Solaria <span class=\"_ _b\"></span>Energ\u00eda <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>Medio <span class=\"_ _b\"></span>Ambiente, <span class=\"_ _e\"></span>S.A. <span class=\"_ _c\"></span>ha <span class=\"_ _e\"></span>alcanzado <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>un fondo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inversi\u00f3n<span class=\"_ _1\"></span> espe<span class=\"_ _1\"></span>cializado <span class=\"_ _6\"></span>en infraes<span class=\"_ _1\"></span>tructuras, <span class=\"_ _6\"></span>a tra<span class=\"_ _1\"></span>v\u00e9s d<span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>cual <span class=\"_ _6\"></span>am<span class=\"_ _0\"></span>bas <span class=\"_ _6\"></span>partes s<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>comprometen,<span class=\"_ _6\"></span> a trav\u00e9s de la sociedad Generia Land, al desarroll<span class=\"_ _1\"></span>o conjunto de una plataforma orientada a la gesti\u00f3<span class=\"_ _1\"></span>n y <span class=\"_ _c\"></span>explotaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>te<span class=\"_ _0\"></span>rrenos <span class=\"_ _b\"></span>asociados <span class=\"_ _c\"></span>a <span class=\"_ _c\"></span>proyectos <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>energ\u00eda <span class=\"_ _c\"></span>renovable. <span class=\"_ _b\"></span>En <span class=\"_ _7\"></span>este <span class=\"_ _b\"></span>sentido, <span class=\"_ _c\"></span>Solaria <span class=\"_ _c\"></span>ha aportado un <span class=\"_ _0\"></span>conjunto <span class=\"_ _0\"></span>de activos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>consisten en <span class=\"_ _0\"></span>terrenos, opciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>compra<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de te<span class=\"_ _0\"></span>rrenos y <span class=\"_ _0\"></span>otros activos <span class=\"_ _e\"></span>relevantes.. <span class=\"_ _0\"></span>El <span class=\"_ _e\"></span>inversor <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>comprome<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>aportar <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>manera <span class=\"_ _e\"></span>irrevocable <span class=\"_ _0\"></span>125 <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _0\"></span>de euros de capital<span class=\"_ _1\"></span> hasta alcanz<span class=\"_ _1\"></span>ar un 50% del capital s<span class=\"_ _1\"></span>ocial de Generia Land,<span class=\"_ _6\"></span> S.L. Los <span class=\"_ _3\"> </span>pactos <span class=\"_ _5\"> </span>estatutarios <span class=\"_ _3\"> </span>y <span class=\"_ _5\"> </span>contractuales <span class=\"_ _3\"> </span>acordados <span class=\"_ _5\"> </span>entre <span class=\"_ _3\"> </span>Solaria <span class=\"_ _5\"> </span>y  el<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>inversor <span class=\"_ _5\"> </span>establecen <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>las<span class=\"_ _1\"></span> decisiones relevan<span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>s relativas a<span class=\"_ _1\"></span> las actividad<span class=\"_ _1\"></span>es significativas de<span class=\"_ _6\"></span> Ge<span class=\"_ _0\"></span>neria requier<span class=\"_ _6\"></span>en el consentimiento<span class=\"_ _6\"></span> conjunto de<span class=\"_ _1\"></span> ambo<span class=\"_ _1\"></span>s accioni<span class=\"_ _1\"></span>stas, ind<span class=\"_ _1\"></span>ependientemente<span class=\"_ _1\"></span> del <span class=\"_ _6\"></span>p<span class=\"_ _0\"></span>orcentaje <span class=\"_ _6\"></span>econ\u00f3mico atribuid<span class=\"_ _1\"></span>o a <span class=\"_ _1\"></span>cada un<span class=\"_ _1\"></span>o. Las <span class=\"_ _8\"> </span>acti<span class=\"_ _1\"></span>vidades <span class=\"_ _8\"> </span>signifi<span class=\"_ _1\"></span>cativas  definidas <span class=\"_ _8\"> </span>en  el <span class=\"_ _8\"> </span>contra<span class=\"_ _1\"></span>to <span class=\"_ _8\"> </span>incluy<span class=\"_ _1\"></span>en, <span class=\"_ _8\"> </span>entre  otras:  (i) <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>aprobaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n  y modificaci\u00f3n del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocio <span class=\"_ _0\"></span>anual <span class=\"_ _0\"></span>(Budget); (ii) <span class=\"_ _0\"></span>decisiones <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>adquisici\u00f3n o <span class=\"_ _e\"></span>disposici\u00f3n de terrenos <span class=\"_ _8\"> </span>u <span class=\"_ _13\"> </span>opci<span class=\"_ _1\"></span>ones <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>compra; <span class=\"_ _8\"> </span>(iii) <span class=\"_ _8\"> </span>la <span class=\"_ _13\"> </span>aproba<span class=\"_ _1\"></span>ci\u00f3n <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _8\"> </span>estructura <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>fina<span class=\"_ _1\"></span>nciaci\u00f3n, <span class=\"_ _8\"> </span>incluidos endeudamiento<span class=\"_ _1\"></span> bancario <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>garant\u00edas y<span class=\"_ _1\"></span> (iv) <span class=\"_ _6\"></span>la formalizaci\u00f3n d<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>ontratos de<span class=\"_ _6\"></span> arrendamiento. S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>laria n<span class=\"_ _6\"></span>o tiene <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>oto <span class=\"_ _5\"> </span>dirimente <span class=\"_ _7\"></span>ni <span class=\"_ _5\"> </span>ning\u00fan <span class=\"_ _7\"></span>otro <span class=\"_ _3\"> </span>derech<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"> </span>econ\u00f3mic<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>preferente <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>toma <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>decisiones <span class=\"_ _5\"> </span>de actividades rele<span class=\"_ _1\"></span>vantes ni las decisi<span class=\"_ _1\"></span>ones de alquiler.  A la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de la <span class=\"_ _0\"></span>p\u00e9rdida de co<span class=\"_ _0\"></span>ntrol, el <span class=\"_ _0\"></span>Grupo Solaria ha <span class=\"_ _0\"></span>dado <span class=\"_ _0\"></span>de baja el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>contable de la <span class=\"_ _0\"></span>totalidad<span class=\"_ _1\"></span> de lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>activos y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>de Generia, <span class=\"_ _0\"></span>reconoci\u00e9ndose la participaci\u00f3n <span class=\"_ _0\"></span>retenida en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>venture <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span> valor <span class=\"_ _8\"> </span>razonable <span class=\"_ _8\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>registr\u00e1ndose <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>resultado <span class=\"_ _13\"> </span>por <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>diferencia <span class=\"_ _13\"> </span>entre <span class=\"_ _8\"> </span>el <span class=\"_ _8\"> </span>valor <span class=\"_ _8\"> </span>razonable <span class=\"_ _13\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _13\"> </span>la participaci\u00f3n retenida, y el valor e<span class=\"_ _0\"></span>n libros de <span class=\"_ _0\"></span>los activos netos <span class=\"_ _0\"></span>de Generia que se desco<span class=\"_ _0\"></span>nsolidan.<span class=\"_ _38\"> </span>9.<span class=\"ff1 ls0\"> <span class=\"_ _26\"> </span><span class=\"ff3\">Der<span class=\"_ _0\"></span>echo<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </span></span>El d<span class=\"_ _1\"></span>etalle <span class=\"_ _6\"></span>y los <span class=\"_ _6\"></span>movimientos <span class=\"_ _1\"></span>de las<span class=\"_ _6\"></span> distintas <span class=\"_ _6\"></span>partidas q<span class=\"_ _6\"></span>ue componen <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>derechos <span class=\"_ _6\"></span>de superficie <span class=\"_ _6\"></span>a 3<span class=\"_ _1\"></span>1 de<span class=\"_ _1\"></span> diciembre son los<span class=\"_ _1\"></span> siguientes: (Miles de euros) Saldo inicial Altas y dotaciones Variaci\u00f3n del per\u00edmetro<span class=\"ff2\"> </span> Bajas Saldo final Ejercicio 2025<span class=\"_ _1\"></span> Coste  Derechos <span class=\"_ _1\"></span>de superficie 160.341 48.298 - - 208.639 160.341 208.639 Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  Derechos <span class=\"_ _1\"></span>de superficie (16.228) (5.812) - - (22.040) (16.228) (22.040) Valor neto contabl<span class=\"_ _1\"></span>e 144.113<span class=\"ls0\"> </span>186.599<span class=\"ls0\"> </span>(Miles de euros) Saldo inicial Altas y dotaciones Bajas Saldo final Ejercicio 2024<span class=\"_ _1\"></span> Coste  Derechos <span class=\"_ _1\"></span>de superficie 121.832 38.509 - 160.341 121.832 38.509 - 160.341 Amortizaci\u00f3n acu<span class=\"_ _1\"></span>mulada  Derechos <span class=\"_ _1\"></span>de superficie (11.668) (4.560) - (16.228) (11.668) (4.560) - (16.228) Valor neto contabl<span class=\"_ _1\"></span>e 110.164<span class=\"ls0\"> </span>144.113<span class=\"ls0\"> </span>Los <span class=\"_ _8\"> </span>activos <span class=\"_ _27\"> </span>alquilados <span class=\"_ _8\"> </span>por <span class=\"_ _27\"> </span>el <span class=\"_ _27\"> </span>Grupo <span class=\"_ _27\"> </span>corresponden <span class=\"_ _27\"> </span>fun<span class=\"_ _0\"></span>damentalm<span class=\"_ _0\"></span>ente <span class=\"_ _27\"> </span>a <span class=\"_ _27\"> </span>terrenos<span class=\"_ _0\"></span> <span class=\"_ _27\"> </span>sobre <span class=\"_ _27\"> </span>los <span class=\"_ _8\"> </span>cuales <span class=\"_ _27\"> </span>est\u00e1n construidos<span class=\"_ _0\"></span> lo<span class=\"_ _1\"></span>s parques fotovoltaicos. <span class=\"_ _1\"></span>Los contratos generalmente <span class=\"_ _6\"></span>ti<span class=\"_ _0\"></span>enen una <span class=\"_ _1\"></span>duraci\u00f3n inicial de <span class=\"_ _6\"></span>26 a\u00f1os m\u00e1s <span class=\"_ _1\"></span>la opci\u00f3n de prorro<span class=\"_ _0\"></span>gar dichos contratos<span class=\"_ _0\"></span> por 2 p<span class=\"_ _0\"></span>eriodos de 5 a\u00f1os ca<span class=\"_ _0\"></span>da uno. Las cuotas corresp<span class=\"_ _0\"></span>onden a pago<span class=\"_ _0\"></span>s fijos<span class=\"_ _38\"> </span> sin <span class=\"_ _e\"></span>existir <span class=\"_ _e\"></span>pagos <span class=\"_ _e\"></span>variables, <span class=\"_ _e\"></span>incentiv<span class=\"_ _0\"></span>os <span class=\"_ _e\"></span>u <span class=\"_ _e\"></span>opciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>compra. <span class=\"_ _e\"></span>Durante <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ejercicio <span class=\"_ _e\"></span>2025 <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2024, <span class=\"_ _b\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>ha renegociado sus co<span class=\"_ _0\"></span>ntratos.  9.1<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Movimientos  Las altas del ejerci<span class=\"_ _1\"></span>cio 2025 y 2024 corr<span class=\"_ _1\"></span>esponden a nue<span class=\"_ _1\"></span>vos contratos firmad<span class=\"_ _1\"></span>os en el ejercicio.  9.2<span class=\"ff1\"> <span class=\"_ _22\"> </span></span>Otra informaci\u00f3n<span class=\"_ _1\"></span> El <span class=\"_ _6\"></span>gasto<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>financiero <span class=\"_ _1\"></span>registra<span class=\"_ _1\"></span>do <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>contratos <span class=\"_ _1\"></span>sujetos <span class=\"_ _6\"></span>a N<span class=\"_ _1\"></span>IIF <span class=\"_ _6\"></span>16 (derechos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>superficie) ha <span class=\"_ _6\"></span>ascendid<span class=\"_ _6\"></span>o a <span class=\"lsc\">5.<span class=\"ls0\">337 miles de<span class=\"_ _1\"></span> euros en e<span class=\"_ _1\"></span>l ejercicio 2025 (4.478 <span class=\"_ _1\"></span>miles de euros en el <span class=\"_ _1\"></span>ejercicio 2024) (Nota 16.<span class=\"_ _1\"></span>4)<span class=\"ls10\">. </span> </span></span>No <span class=\"_ _3\"> </span>hay <span class=\"_ _5\"> </span>o<span class=\"_ _0\"></span>peraci<span class=\"_ _1\"></span>ones <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>su<span class=\"_ _1\"></span>barrendamiento <span class=\"_ _5\"> </span>a <span class=\"_ _3\"> </span>terceros <span class=\"_ _5\"> </span>externos <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Grupo <span class=\"_ _5\"> </span>ni <span class=\"_ _3\"> </span>contratos <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>\u201csale <span class=\"_ _5\"> </span>&amp; leaseback\u201d. <span class=\"ff4\"> </span>El tip<span class=\"_ _1\"></span>o de <span class=\"_ _1\"></span>descuent<span class=\"_ _1\"></span>o medio<span class=\"_ _1\"></span> apli<span class=\"_ _1\"></span>cado ha <span class=\"_ _6\"></span>sido de <span class=\"_ _1\"></span>un <span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>,05% para <span class=\"_ _6\"></span>el ejer<span class=\"_ _6\"></span>cicio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2025 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>entorno al <span class=\"_ _6\"></span>3,5% par<span class=\"_ _6\"></span>a ejercicios <span class=\"_ _1\"></span>anteriores. <span class=\"_ _6\"></span>Los ti<span class=\"_ _1\"></span>pos de <span class=\"_ _6\"></span>descuento <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>han ca<span class=\"_ _6\"></span>lculado teniendo <span class=\"_ _6\"></span>en cuenta<span class=\"_ _6\"></span> el Rating<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> Gru<span class=\"_ _1\"></span>po, entre otros fact<span class=\"_ _1\"></span>ores. A 31 d<span class=\"_ _1\"></span>e diciembre <span class=\"_ _1\"></span>de 2<span class=\"_ _1\"></span>025 y 2<span class=\"_ _1\"></span>024 no <span class=\"_ _1\"></span>se han identifi<span class=\"_ _6\"></span>cado indicios d<span class=\"_ _6\"></span>e deterioro en <span class=\"_ _6\"></span>los activos teniend<span class=\"_ _1\"></span>o en cuenta la rentabilid<span class=\"_ _1\"></span>ad de las plantas<span class=\"_ _1\"></span> fotovoltaicas <span class=\"_ _1\"></span>a las que est\u00e1n asociad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-420": {
   "value": "8.<span class=\"ff1 ls0\"> <span class=\"_ _23\"> </span><span class=\"ff3\">Inv<span class=\"_ _0\"></span>ersi<span class=\"_ _0\"></span>ones<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>das<span class=\"_ _0\"></span> </span></span>8.1<span class=\"ff1\"> <span class=\"_ _e\"></span></span>G<span class=\"_ _0\"></span>eneria Land, <span class=\"_ _1\"></span>S.L. Durante <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>ejercicio <span class=\"_ _e\"></span>2025, <span class=\"_ _b\"></span>Solaria <span class=\"_ _b\"></span>Energ\u00eda <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>Medio <span class=\"_ _b\"></span>Ambiente, <span class=\"_ _e\"></span>S.A. <span class=\"_ _c\"></span>ha <span class=\"_ _e\"></span>alcanzado <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>un fondo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inversi\u00f3n<span class=\"_ _1\"></span> espe<span class=\"_ _1\"></span>cializado <span class=\"_ _6\"></span>en infraes<span class=\"_ _1\"></span>tructuras, <span class=\"_ _6\"></span>a tra<span class=\"_ _1\"></span>v\u00e9s d<span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>cual <span class=\"_ _6\"></span>am<span class=\"_ _0\"></span>bas <span class=\"_ _6\"></span>partes s<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>comprometen,<span class=\"_ _6\"></span> a trav\u00e9s de la sociedad Generia Land, al desarroll<span class=\"_ _1\"></span>o conjunto de una plataforma orientada a la gesti\u00f3<span class=\"_ _1\"></span>n y <span class=\"_ _c\"></span>explotaci\u00f3n <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>te<span class=\"_ _0\"></span>rrenos <span class=\"_ _b\"></span>asociados <span class=\"_ _c\"></span>a <span class=\"_ _c\"></span>proyectos <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>energ\u00eda <span class=\"_ _c\"></span>renovable. <span class=\"_ _b\"></span>En <span class=\"_ _7\"></span>este <span class=\"_ _b\"></span>sentido, <span class=\"_ _c\"></span>Solaria <span class=\"_ _c\"></span>ha aportado un <span class=\"_ _0\"></span>conjunto <span class=\"_ _0\"></span>de activos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>consisten en <span class=\"_ _0\"></span>terrenos, opciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>compra<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de te<span class=\"_ _0\"></span>rrenos y <span class=\"_ _0\"></span>otros activos <span class=\"_ _e\"></span>relevantes.. <span class=\"_ _0\"></span>El <span class=\"_ _e\"></span>inversor <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>comprome<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>aportar <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>manera <span class=\"_ _e\"></span>irrevocable <span class=\"_ _0\"></span>125 <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _0\"></span>de euros de capital<span class=\"_ _1\"></span> hasta alcanz<span class=\"_ _1\"></span>ar un 50% del capital s<span class=\"_ _1\"></span>ocial de Generia Land,<span class=\"_ _6\"></span> S.L. Los <span class=\"_ _3\"> </span>pactos <span class=\"_ _5\"> </span>estatutarios <span class=\"_ _3\"> </span>y <span class=\"_ _5\"> </span>contractuales <span class=\"_ _3\"> </span>acordados <span class=\"_ _5\"> </span>entre <span class=\"_ _3\"> </span>Solaria <span class=\"_ _5\"> </span>y  el<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>inversor <span class=\"_ _5\"> </span>establecen <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>las<span class=\"_ _1\"></span> decisiones relevan<span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>s relativas a<span class=\"_ _1\"></span> las actividad<span class=\"_ _1\"></span>es significativas de<span class=\"_ _6\"></span> Ge<span class=\"_ _0\"></span>neria requier<span class=\"_ _6\"></span>en el consentimiento<span class=\"_ _6\"></span> conjunto de<span class=\"_ _1\"></span> ambo<span class=\"_ _1\"></span>s accioni<span class=\"_ _1\"></span>stas, ind<span class=\"_ _1\"></span>ependientemente<span class=\"_ _1\"></span> del <span class=\"_ _6\"></span>p<span class=\"_ _0\"></span>orcentaje <span class=\"_ _6\"></span>econ\u00f3mico atribuid<span class=\"_ _1\"></span>o a <span class=\"_ _1\"></span>cada un<span class=\"_ _1\"></span>o. Las <span class=\"_ _8\"> </span>acti<span class=\"_ _1\"></span>vidades <span class=\"_ _8\"> </span>signifi<span class=\"_ _1\"></span>cativas  definidas <span class=\"_ _8\"> </span>en  el <span class=\"_ _8\"> </span>contra<span class=\"_ _1\"></span>to <span class=\"_ _8\"> </span>incluy<span class=\"_ _1\"></span>en, <span class=\"_ _8\"> </span>entre  otras:  (i) <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>aprobaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n  y modificaci\u00f3n del <span class=\"_ _0\"></span>plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocio <span class=\"_ _0\"></span>anual <span class=\"_ _0\"></span>(Budget); (ii) <span class=\"_ _0\"></span>decisiones <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>adquisici\u00f3n o <span class=\"_ _e\"></span>disposici\u00f3n de terrenos <span class=\"_ _8\"> </span>u <span class=\"_ _13\"> </span>opci<span class=\"_ _1\"></span>ones <span class=\"_ _13\"> </span>de <span class=\"_ _8\"> </span>compra; <span class=\"_ _8\"> </span>(iii) <span class=\"_ _8\"> </span>la <span class=\"_ _13\"> </span>aproba<span class=\"_ _1\"></span>ci\u00f3n <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>la <span class=\"_ _8\"> </span>estructura <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>fina<span class=\"_ _1\"></span>nciaci\u00f3n, <span class=\"_ _8\"> </span>incluidos endeudamiento<span class=\"_ _1\"></span> bancario <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>garant\u00edas y<span class=\"_ _1\"></span> (iv) <span class=\"_ _6\"></span>la formalizaci\u00f3n d<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>ontratos de<span class=\"_ _6\"></span> arrendamiento. S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>laria n<span class=\"_ _6\"></span>o tiene <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>oto <span class=\"_ _5\"> </span>dirimente <span class=\"_ _7\"></span>ni <span class=\"_ _5\"> </span>ning\u00fan <span class=\"_ _7\"></span>otro <span class=\"_ _3\"> </span>derech<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"> </span>econ\u00f3mic<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>preferente <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>toma <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>decisiones <span class=\"_ _5\"> </span>de actividades rele<span class=\"_ _1\"></span>vantes ni las decisi<span class=\"_ _1\"></span>ones de alquiler.  A la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de la <span class=\"_ _0\"></span>p\u00e9rdida de co<span class=\"_ _0\"></span>ntrol, el <span class=\"_ _0\"></span>Grupo Solaria ha <span class=\"_ _0\"></span>dado <span class=\"_ _0\"></span>de baja el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>contable de la <span class=\"_ _0\"></span>totalidad<span class=\"_ _1\"></span> de lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>activos y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>de Generia, <span class=\"_ _0\"></span>reconoci\u00e9ndose la participaci\u00f3n <span class=\"_ _0\"></span>retenida en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>venture <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span> valor <span class=\"_ _8\"> </span>razonable <span class=\"_ _8\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>registr\u00e1ndose <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>resultado <span class=\"_ _13\"> </span>por <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>diferencia <span class=\"_ _13\"> </span>entre <span class=\"_ _8\"> </span>el <span class=\"_ _8\"> </span>valor <span class=\"_ _8\"> </span>razonable <span class=\"_ _13\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _13\"> </span>la participaci\u00f3n retenida, y el valor e<span class=\"_ _0\"></span>n libros de <span class=\"_ _0\"></span>los activos netos <span class=\"_ _0\"></span>de Generia que se desco<span class=\"_ _0\"></span>nsolidan.<span class=\"_ _38\"> </span> Este<span class=\"_ _6\"></span> valor <span class=\"_ _e\"></span>razonable <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>ha <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>btenido <span class=\"_ _0\"></span>atendiendo <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>realidad <span class=\"_ _0\"></span>econ\u00f3mica <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>operaci\u00f3n <span class=\"_ _e\"></span>tomando <span class=\"_ _0\"></span>como referencia <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>aloraci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>un <span class=\"_ _c\"></span>experto <span class=\"_ _b\"></span>independiente <span class=\"_ _b\"></span>resultando <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>valor <span class=\"_ _c\"></span>retenido <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>Generia <span class=\"_ _c\"></span>por Solaria de 96 <span class=\"_ _1\"></span>millones de eu<span class=\"_ _1\"></span>ros.<span class=\"_ _38\"> </span>Este <span class=\"_ _7\"></span>valor <span class=\"_ _7\"></span>razonable<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>calculado <span class=\"_ _7\"></span>en <span class=\"_ _7\"></span>base <span class=\"_ _c\"></span>a <span class=\"_ _7\"> </span>un <span class=\"_ _7\"> </span>m<span class=\"_ _0\"></span>\u00e9todo <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>descuen<span class=\"_ _1\"></span>to <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>flujos <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>caja <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>los arrendamientos <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>largo <span class=\"_ _b\"></span>plazo <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>distintas <span class=\"_ _e\"></span>o<span class=\"_ _0\"></span>pciones <span class=\"_ _e\"></span>contractuales <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>fecha <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>transacci\u00f3n<span class=\"_ _1\"></span>, utilizando tasas de des<span class=\"_ _6\"></span>cuento (WACC) consistentes co<span class=\"_ _1\"></span>n el riesgo del negoci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>.  Los <span class=\"_ _5\"> </span>derechos <span class=\"_ _7\"></span>econ\u00f3micos <span class=\"_ _7\"></span>de <span class=\"_ _5\"> </span>cada <span class=\"_ _7\"> </span>socio, <span class=\"_ _5\"> </span>est\u00e1n <span class=\"_ _7\"> </span>sujetos <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>variaciones <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>funci\u00f3n <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>aportaci\u00f3n<span class=\"_ _1\"></span> efectiva <span class=\"_ _c\"></span>comprometida <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>inversor, <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>a <span class=\"_ _7\"></span>31 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>diciembre <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>2025 <span class=\"_ _c\"></span>ha <span class=\"_ _c\"></span>sido <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>un <span class=\"_ _c\"></span>total <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>19 millones de euro<span class=\"_ _1\"></span>s y que a la fecha de<span class=\"_ _1\"></span> formulaci\u00f3n asciend<span class=\"_ _1\"></span>en a 25 millones de eur<span class=\"_ _1\"></span>os.   El <span class=\"_ _7\"></span>c\u00e1lculo <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>plusval\u00eda <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>operaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _c\"></span>o<span class=\"_ _0\"></span>btenida <span class=\"_ _c\"></span>como <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>explicad<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>en <span class=\"_ _c\"></span>p\u00e1rrafos <span class=\"_ _7\"></span>anteriore<span class=\"_ _1\"></span>s <span class=\"_ _c\"></span>y aplicando <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>disposici<span class=\"_ _1\"></span>ones <span class=\"_ _c\"></span>contractuales <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>repart<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>derechos <span class=\"_ _b\"></span>econ\u00f3micos <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>operaci\u00f3n <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>la fecha del acuerdo de ca<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bio de contr<span class=\"_ _1\"></span>ol son como sigu<span class=\"_ _6\"></span>e:<span class=\"_ _0\"></span> Generia Land, S.L. <span class=\"_ _1\"></span> (Miles de euros)  Valor razonabl<span class=\"_ _1\"></span>e de los act<span class=\"_ _1\"></span>ivos netos (100%) en la f<span class=\"_ _1\"></span>echa de la o<span class=\"_ _1\"></span>peraci\u00f3n 134.546 Participac<span class=\"_ _1\"></span>i\u00f3n retenida (71%) a <span class=\"_ _1\"></span>valor razonable 96.000 Valor en l<span class=\"_ _1\"></span>ibros de los activo<span class=\"_ _1\"></span>s netos desconso<span class=\"_ _1\"></span>lidados (41.414) Otros i<span class=\"_ _1\"></span>ngresos 54.586 El<span class=\"ls0\"> <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>libros <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>participaci\u00f3n <span class=\"_ _b\"></span>asciende <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>96.548 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>iles <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>euros <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>diciembre <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2025, </span>importe <span class=\"_ _5\"> </span>que <span class=\"_ _3\"> </span>incluye <span class=\"_ _5\"> </span>la <span class=\"_ _3\"> </span>participaci\u00f3n <span class=\"_ _5\"> </span>en <span class=\"_ _3\"> </span>el <span class=\"_ _5\"> </span>resultado <span class=\"_ _5\"> </span>generado <span class=\"_ _3\"> </span>por <span class=\"_ _5\"> </span>Generia <span class=\"_ _5\"> </span>desde <span class=\"_ _3\"> </span>la <span class=\"_ _3\"> </span>fecha <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>la operaci\u00f3n <span class=\"_ _e\"></span>hasta <span class=\"_ _e\"></span>el <span class=\"_ _c\"></span>cierre<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>ejercicio <span class=\"_ _e\"></span>(Nota <span class=\"_ _b\"></span>16.5), <span class=\"_ _b\"></span>recono<span class=\"_ _1\"></span>cida <span class=\"_ _b\"></span>conforme <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>m\u00e9todo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>puesta <span class=\"_ _b\"></span>en equivalencia. Al <span class=\"_ _c\"></span>cierre <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>eje<span class=\"_ _0\"></span>rcicio <span class=\"_ _b\"></span>no <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>ha <span class=\"_ _c\"></span>detectado <span class=\"_ _c\"></span>ning\u00fan <span class=\"_ _b\"></span>indicio <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>pueda <span class=\"_ _c\"></span>determinar <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>existencia <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>un deterioro sobre el <span class=\"_ _1\"></span>valor a cierre del<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>jercicio. Presenta<span class=\"ls30\">mos<span class=\"_ _6\"></span><span class=\"ls0\"> <span class=\"_ _5\"> </span>a <span class=\"_ _7\"> </span>co<span class=\"_ _0\"></span>ntinuaci\u00f3n <span class=\"_ _7\"></span>un <span class=\"_ _7\"> </span>detalle <span class=\"_ _7\"></span>del <span class=\"_ _5\"> </span>balance<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>la <span class=\"_ _5\"> </span>cuenta <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>p\u00e9rdidas <span class=\"_ _7\"></span>y <span class=\"_ _7\"> </span>ganancias <span class=\"_ _5\"> </span>de <span class=\"_ _7\"></span>la </span></span>sociedad (no auditad<span class=\"_ _1\"></span>os): (Miles de euros) <span class=\"_ _1\"></span> 2025<span class=\"ls0\"> </span>Generia Land, S.L.<span class=\"_ _1\"></span> Activos no corrie<span class=\"_ _1\"></span>ntes 131.200 Activos corrient<span class=\"_ _1\"></span>es 3.859 TOTAL ACTIVO 135.059<span class=\"ls0\"> </span>Patrimonio n<span class=\"_ _1\"></span>eto 134.546 Resultad<span class=\"_ _1\"></span>o del ejercicio 1.062 Pasivo no c<span class=\"_ _1\"></span>orriente 72<span class=\"ls0\"> </span>Pasivo cor<span class=\"_ _1\"></span>riente 441<span class=\"ls0\"> </span>TOTAL PATRIMONIO<span class=\"_ _1\"></span> NETO Y PASI<span class=\"_ _1\"></span>VO 135.059<span class=\"ls0\"> </span>(Miles de euros) <span class=\"_ _1\"></span> 2025<span class=\"ls0\"> </span>Generia Land, S.L. (*)<span class=\"_ _1\"></span> Ingresos de e<span class=\"_ _1\"></span>xplotaci\u00f3n 2.614 Gastos de<span class=\"_ _1\"></span> explotaci\u00f3n (1.256) Resultado de expl<span class=\"_ _1\"></span>otaci\u00f3n 1.358<span class=\"ls0\"> </span>Resultado financi<span class=\"_ _1\"></span>ero 5 Resultado antes <span class=\"_ _1\"></span>de impuestos 1.363<span class=\"ls0\"> </span>Impuesto sobr<span class=\"_ _1\"></span>e beneficio<span class=\"_ _1\"></span>s (<span class=\"ls3\">300</span>) Resultado del eje<span class=\"_ _1\"></span>rcicio  1.062<span class=\"ls0\"> </span>(*) cuent<span class=\"_ _1\"></span>a de resultados de<span class=\"_ _1\"></span>sde la fecha de transa<span class=\"_ _1\"></span>cci\u00f3n 16<span class=\"ls33\">.5<span class=\"ls0\"> <span class=\"_ _23\"> </span>Resultado de soc<span class=\"_ _1\"></span>iedades integrad<span class=\"_ _1\"></span>as por el m\u00e9todo<span class=\"_ _1\"></span> de la participa<span class=\"_ _1\"></span>ci\u00f3n<span class=\"fc0\"> </span></span></span>La <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>beneficios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sociedades <span class=\"_ _0\"></span>puestas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>equivalencia <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>asciende a 547 <span class=\"_ _0\"></span><span class=\"ls30\">mi</span>les <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _e\"></span>todo <span class=\"_ _0\"></span>ello <span class=\"_ _b\"></span>proveniente <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Sociedad <span class=\"_ _0\"></span>Generia <span class=\"_ _e\"></span>Land, <span class=\"_ _e\"></span>S.A <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>sido <span class=\"_ _e\"></span>registrad<span class=\"_ _6\"></span>o bajo el <span class=\"_ _6\"></span>ep\u00edgrafe \u201cOtr<span class=\"_ _1\"></span>os resu<span class=\"_ _1\"></span>ltados\u201d, <span class=\"ff4\">en <span class=\"_ _1\"></span>la N<span class=\"_ _6\"></span>ota <span class=\"lsf\">8 </span>se pr<span class=\"_ _6\"></span>oporciona mayor<span class=\"_ _1\"></span> detalle <span class=\"_ _6\"></span>sobre los <span class=\"_ _1\"></span>resultados<span class=\"_ _1\"></span> de </span>esta sociedad.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "10<span class=\"ff1 ls0\"> <span class=\"_ _28\"> </span><span class=\"ff3\">Act<span class=\"_ _0\"></span>ivos<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span> corr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ntes<span class=\"_ _0\"></span> mant<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>dos<span class=\"_ _0\"></span> par<span class=\"_ _0\"></span>a la<span class=\"_ _0\"></span> ve<span class=\"_ _0\"></span>nta<span class=\"_ _e\"></span> </span></span>En 2<span class=\"_ _0\"></span>024, la <span class=\"_ _0\"></span>Sociedad anunci\u00f3 <span class=\"_ _0\"></span>p\u00fablicamente<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la decisi\u00f3n tomada <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>enajenar la <span class=\"_ _0\"></span>f\u00e1brica de P<span class=\"_ _0\"></span>uertollan<span class=\"_ _6\"></span>o que presenta un val<span class=\"_ _1\"></span>or neto contable de <span class=\"_ _1\"></span>28,9 millones <span class=\"_ _1\"></span>de euros a 31 de dicie<span class=\"_ _1\"></span>mbre de 2025 <span class=\"_ _1\"></span>y 2024.  Debido a los distintos desarrollos que se est\u00e1n realizando en la planta de Puertollano en relaci\u00f3n con<span class=\"_ _1\"></span> la <span class=\"_ _10\"></span>capacidad <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>interconexi\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>red, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _10\"></span>ha <span class=\"_ _6\"></span>decidido <span class=\"_ _6\"></span>demorar <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>proceso <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ejercicio 2026 <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>estimar <span class=\"_ _1\"></span>que <span class=\"_ _6\"></span>el pre<span class=\"_ _1\"></span>cio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>venta <span class=\"_ _6\"></span>ser\u00eda <span class=\"_ _1\"></span>a\u00fan <span class=\"_ _6\"></span>superior al <span class=\"_ _6\"></span>que <span class=\"_ _1\"></span>hubiera <span class=\"_ _6\"></span>percibido <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>2025. En <span class=\"_ _6\"></span>consecuencia, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>estima <span class=\"_ _6\"></span>que la<span class=\"_ _6\"></span> venta<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>la p<span class=\"_ _1\"></span>lanta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>P<span class=\"_ _0\"></span>uert<span class=\"_ _1\"></span>ollano <span class=\"_ _6\"></span>se c<span class=\"_ _1\"></span>omplete <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>lo larg<span class=\"_ _6\"></span>o del<span class=\"_ _6\"></span> ejercici<span class=\"_ _6\"></span>o 2026, estando en proceso las negociaciones para su <span class=\"_ _0\"></span>venta a la <span class=\"_ _0\"></span>fecha de formulaci\u00f3n de las <span class=\"_ _0\"></span>presentes<span class=\"_ _6\"></span> cuentas anuales.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-403": {
   "value": "10<span class=\"ff1 ls0\"> <span class=\"_ _28\"> </span><span class=\"ff3\">Act<span class=\"_ _0\"></span>ivos<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span> corr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ntes<span class=\"_ _0\"></span> mant<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>dos<span class=\"_ _0\"></span> par<span class=\"_ _0\"></span>a la<span class=\"_ _0\"></span> ve<span class=\"_ _0\"></span>nta<span class=\"_ _e\"></span> </span></span>En 2<span class=\"_ _0\"></span>024, la <span class=\"_ _0\"></span>Sociedad anunci\u00f3 <span class=\"_ _0\"></span>p\u00fablicamente<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la decisi\u00f3n tomada <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>enajenar la <span class=\"_ _0\"></span>f\u00e1brica de P<span class=\"_ _0\"></span>uertollan<span class=\"_ _6\"></span>o que presenta un val<span class=\"_ _1\"></span>or neto contable de <span class=\"_ _1\"></span>28,9 millones <span class=\"_ _1\"></span>de euros a 31 de dicie<span class=\"_ _1\"></span>mbre de 2025 <span class=\"_ _1\"></span>y 2024.  Debido a los distintos desarrollos que se est\u00e1n realizando en la planta de Puertollano en relaci\u00f3n con<span class=\"_ _1\"></span> la <span class=\"_ _10\"></span>capacidad <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>interconexi\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>red, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _10\"></span>ha <span class=\"_ _6\"></span>decidido <span class=\"_ _6\"></span>demorar <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>proceso <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ejercicio 2026 <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>estimar <span class=\"_ _1\"></span>que <span class=\"_ _6\"></span>el pre<span class=\"_ _1\"></span>cio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>venta <span class=\"_ _6\"></span>ser\u00eda <span class=\"_ _1\"></span>a\u00fan <span class=\"_ _6\"></span>superior al <span class=\"_ _6\"></span>que <span class=\"_ _1\"></span>hubiera <span class=\"_ _6\"></span>percibido <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>2025. En <span class=\"_ _6\"></span>consecuencia, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>estima <span class=\"_ _6\"></span>que la<span class=\"_ _6\"></span> venta<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>la p<span class=\"_ _1\"></span>lanta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>P<span class=\"_ _0\"></span>uert<span class=\"_ _1\"></span>ollano <span class=\"_ _6\"></span>se c<span class=\"_ _1\"></span>omplete <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>lo larg<span class=\"_ _6\"></span>o del<span class=\"_ _6\"></span> ejercici<span class=\"_ _6\"></span>o 2026, estando en proceso las negociaciones para su <span class=\"_ _0\"></span>venta a la <span class=\"_ _0\"></span>fecha de formulaci\u00f3n de las <span class=\"_ _0\"></span>presentes<span class=\"_ _6\"></span> cuentas anuales.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "1<span class=\"ff1 ls0\"> <span class=\"_ _28\"> </span><span class=\"ff3\">Act<span class=\"_ _0\"></span>ivos<span class=\"_ _0\"></span> fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>iero<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </span></span>Excepto <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>derivad<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>desglosados <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>Nota <span class=\"_ _c\"></span><span class=\"lsf\">14</span>.3, <span class=\"_ _c\"></span>los <span class=\"_ _b\"></span>restantes <span class=\"_ _b\"></span>activos <span class=\"_ _b\"></span>financieros <span class=\"_ _b\"></span>del <span class=\"_ _c\"></span>Grupo <span class=\"_ _b\"></span>son activos <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>coste <span class=\"_ _b\"></span>amortizad<span class=\"_ _1\"></span>o. <span class=\"_ _b\"></span>El <span class=\"_ _e\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _e\"></span>razonable <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>todos <span class=\"_ _e\"></span>ellos <span class=\"_ _b\"></span>no <span class=\"_ _b\"></span>difiere <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>forma <span class=\"_ _e\"></span>significativa <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>su valor neto contable. <span class=\"_ _1\"></span> 11.1<span class=\"ff1\"> <span class=\"_ _29\"> </span></span>Clientes por <span class=\"_ _1\"></span>ventas y prest<span class=\"_ _1\"></span>aciones de servic<span class=\"_ _1\"></span>ios Activos por contr<span class=\"_ _1\"></span>atos Dentro <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>ventas <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>prestaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>servicios <span class=\"_ _e\"></span>se <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>registrados <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>por contratos <span class=\"_ _13\"> </span>co<span class=\"_ _0\"></span>rrespondient<span class=\"_ _1\"></span>es <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>ingresos <span class=\"_ _12\"> </span>reconocidos <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>relaci\u00f3n <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>consumos <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>energ\u00eda <span class=\"_ _13\"> </span>no facturados a fecha de cierre, principalment<span class=\"_ _1\"></span>e debido al periodo habitual de facturaci\u00f3n. El importe de estos <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>diciembre<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>2025 <span class=\"_ _e\"></span>asciende <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span><span class=\"lsf\">24<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>millones <span class=\"_ _e\"></span>de euros <span class=\"_ _e\"></span>(<span class=\"lsc\">35</span> <span class=\"_ _0\"></span>millones <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>31<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2024). <span class=\"_ _e\"></span>Dichos <span class=\"_ _b\"></span>ingresos <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>registran <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>base <span class=\"_ _e\"></span>a <span class=\"_ _c\"></span>las <span class=\"_ _b\"></span>lecturas <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>contadores <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>las plantas <span class=\"_ _18\"> </span>fotovoltaicas <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>les <span class=\"_ _f\"> </span>aplica <span class=\"_ _18\"> </span>el <span class=\"_ _f\"> </span>precio <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>lo<span class=\"_ _0\"></span>s <span class=\"_ _18\"> </span>contratos <span class=\"_ _18\"> </span>PPA <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>precio <span class=\"_ _f\"> </span>de <span class=\"_ _18\"> </span>mercado correspondiente. <span class=\"_ _10\"></span>A <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>emisi\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>factura, <span class=\"_ _6\"></span>se <span class=\"_ _1\"></span>coteja <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el i<span class=\"_ _6\"></span>mpo<span class=\"_ _0\"></span>rte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>factura. Correcciones v<span class=\"_ _1\"></span>alorativas A <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>2024, <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>Grupo <span class=\"_ _b\"></span>no <span class=\"_ _b\"></span>ha <span class=\"_ _b\"></span>registrado <span class=\"_ _b\"></span>ninguna <span class=\"_ _e\"></span>correcci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>deterioro <span class=\"_ _e\"></span>por p\u00e9rdida esperada tenien<span class=\"_ _1\"></span>do en cuenta<span class=\"_ _1\"></span> el alto nivel<span class=\"_ _1\"></span> de solvencia de sus clien<span class=\"_ _6\"></span>tes. 1.2<span class=\"ff1\"> <span class=\"_ _29\"> </span></span>Activos financ<span class=\"_ _1\"></span>ieros no corrientes La composici\u00f3n de<span class=\"_ _1\"></span> este ep\u00edgrafe a <span class=\"_ _1\"></span>31 de diciembre<span class=\"_ _1\"></span> es la siguiente: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Otros activos financi<span class=\"_ _1\"></span>eros 2.489<span class=\"ls0\"> </span>1.851<span class=\"ls0\"> </span>Fianzas consti<span class=\"_ _1\"></span>tuidas a l<span class=\"_ _1\"></span>argo plazo 1.560 999<span class=\"ls0\"> </span>Dep\u00f3sito<span class=\"_ _1\"></span>s constituidos <span class=\"_ _1\"></span>a largo plazo 929<span class=\"ls0\"> </span>852<span class=\"ls0\"> </span>Activos financieros n<span class=\"_ _6\"></span>o corrientes 2.489<span class=\"ls0\"> </span>1.851<span class=\"ls0\"> </span>El <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>porte <span class=\"_ _6\"></span>registrado <span class=\"_ _1\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>cuenta <span class=\"_ _6\"></span>de otros <span class=\"_ _6\"></span>activos <span class=\"_ _1\"></span>financieros <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>nforma <span class=\"_ _6\"></span>de inv<span class=\"_ _1\"></span>ersiones <span class=\"_ _6\"></span>financieras, fianzas <span class=\"_ _27\"> </span>y <span class=\"_ _8\"> </span>dep\u00f3sitos  constituidos  a <span class=\"_ _8\"> </span>largo <span class=\"_ _8\"> </span>plaz<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>por  el <span class=\"_ _8\"> </span>Grupo. <span class=\"_ _8\"> </span>Solaria  Casiopea, <span class=\"_ _27\"> </span>S.A.<span class=\"ls32\">U.</span>, <span class=\"_ _8\"> </span>sociedad dependiente <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>Grupo, <span class=\"_ _5\"> </span>mantiene <span class=\"_ _5\"> </span>un <span class=\"_ _3\"> </span>dep\u00f3sito <span class=\"_ _5\"> </span>constituido <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>largo <span class=\"_ _5\"> </span>plazo <span class=\"_ _3\"> </span>por <span class=\"_ _5\"> </span>298 <span class=\"_ _3\"> </span>miles <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>euros correspondiente al t<span class=\"_ _1\"></span>erreno arrendad<span class=\"_ _1\"></span>o d\u00f3nde se ubica <span class=\"_ _1\"></span>la planta solar.  Las <span class=\"_ _5\"> </span>sociedades <span class=\"_ _5\"> </span>dependien<span class=\"_ _1\"></span>tes <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>Grupo <span class=\"_ _5\"> </span>Natelu <span class=\"_ _7\"> </span>y <span class=\"_ _3\"> </span>Yarn<span class=\"_ _1\"></span>el, <span class=\"_ _5\"> </span>cuentan <span class=\"_ _5\"> </span>con <span class=\"_ _5\"> </span>una <span class=\"_ _5\"> </span>fianza <span class=\"_ _7\"> </span>depositada <span class=\"_ _5\"> </span>que asciende <span class=\"_ _5\"> </span>a <span class=\"_ _7\"> </span>151 <span class=\"_ _5\"> </span>miles <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>euros, <span class=\"_ _5\"> </span>por <span class=\"_ _5\"> </span>sociedad, <span class=\"_ _7\"> </span>referente <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>las <span class=\"_ _5\"> </span>garant\u00edas <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>fiel <span class=\"_ _7\"> </span>cumplimiento <span class=\"_ _5\"> </span>que<span class=\"_ _1\"></span> disponen <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>compa\u00f1\u00edas, <span class=\"_ _e\"></span>derivadas <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>contratos <span class=\"_ _b\"></span>firmados <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>Usinas <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>Transmisiones <span class=\"_ _e\"></span>El\u00e9ctricas (UTE). 11.3<span class=\"ff1\"> <span class=\"_ _29\"> </span></span>Efectivo y otros<span class=\"_ _1\"></span> activos l\u00edq<span class=\"_ _1\"></span>uidos equivalentes La composici\u00f3n de<span class=\"_ _1\"></span> este ep\u00edgrafe a 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre es la sig<span class=\"_ _1\"></span>uiente: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Cuentas cor<span class=\"_ _1\"></span>rientes a la vist<span class=\"_ _1\"></span>a 73.329 54.349 Las cuentas corrien<span class=\"_ _1\"></span>tes devengan tip<span class=\"_ _1\"></span>os de inter\u00e9s de mercad<span class=\"_ _1\"></span>o para este tip<span class=\"_ _1\"></span>o de cuentas.<span class=\"_ _38\"> </span> Existen  restriccione<span class=\"_ _1\"></span>s  a  la  disponibilidad<span class=\"_ _1\"></span>  del  importe  de  las  cuentas  corriente<span class=\"_ _1\"></span>s <span class=\"_ _27\"> </span>en  determinadas sociedades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span><span class=\"ff7\">de <span class=\"_ _e\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>finan<span class=\"_ _1\"></span>ciadas <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ediante <span class=\"_ _0\"></span>\u201c<span class=\"ff4\">Project <span class=\"_ _e\"></span>F</span>inance\u201d<span class=\"ff4\"> <span class=\"_ _0\"></span></span>y <span class=\"_ _e\"></span>\u201c<span class=\"ff4\">Bono </span></span>de<span class=\"ls0\"> <span class=\"_ _e\"></span>P<span class=\"_ _0\"></span><span class=\"ff7\">royecto\u201d</span>. <span class=\"_ _e\"></span>As\u00ed, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Cuenta <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Reserva <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>Deuda <span class=\"_ _e\"></span>(CRSD) <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>dichas <span class=\"_ _e\"></span>sociedades, <span class=\"_ _e\"></span>sirve </span>como <span class=\"_ _e\"></span>garant\u00eda <span class=\"_ _b\"></span>para <span class=\"_ _e\"></span>cubrir <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>servicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>deuda <span class=\"_ _b\"></span>bancaria <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>asciende <span class=\"_ _b\"></span>a <span class=\"_ _e\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span><span class=\"ls2f\">a </span>9.915 <span class=\"_ _10\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _6\"></span>(9.882 <span class=\"_ _6\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024). <span class=\"_ _10\"></span>El <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>saldo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>cuentas<span class=\"_ _1\"></span> corrientes <span class=\"_ _e\"></span>es <span class=\"_ _c\"></span>de <span class=\"_ _e\"></span>libre <span class=\"_ _b\"></span>disposici\u00f3n, <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>vez <span class=\"_ _b\"></span>cumplidas <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>obligaciones <span class=\"_ _e\"></span>contractuales <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>bancos, prestamistas/bonis<span class=\"_ _1\"></span>tas del Grupo para ser distrib<span class=\"_ _1\"></span>uidas (Nota <span class=\"lsf\">14</span>).  as obligaciones y <span class=\"_ _0\"></span>bonos y <span class=\"_ _0\"></span>principales pr\u00e9stamos suscritos por <span class=\"_ _0\"></span>el Grupo y <span class=\"_ _0\"></span>vigentes <span class=\"_ _0\"></span>a 31 <span class=\"_ _0\"></span>de diciembre de <span class=\"lsf\">20</span>25 y 2024 son los sigu<span class=\"_ _1\"></span>ientes (miles de euro<span class=\"_ _1\"></span>s): Tipo de contrato Sociedad Prestamista origin<span class=\"_ _1\"></span>al Fecha del contrato inicial Fecha de vencimiento final Importe inicial del pr\u00e9stamo (miles de euros) Importe a 31/12/202<span class=\"_ _1\"></span>5 Importe a 31/12/202<span class=\"_ _1\"></span>4 No Corriente a 31/12/202<span class=\"_ _1\"></span>5 Corriente a 31/12/202<span class=\"_ _1\"></span>5 Obligaciones y Bon<span class=\"_ _1\"></span>os Solaria Casiopea Bonistas 22/12/2017<span class=\"ls0\"> </span>30/09/2040<span class=\"ls0\"> </span>9.200 6.241 6.651 5.839 402<span class=\"ls0\"> </span>Obligaciones y Bon<span class=\"_ _1\"></span>os Globasol Villanueva<span class=\"_ _1\"></span> 1. Bonistas 25/05/2016<span class=\"ls0\"> </span>31/01/2037<span class=\"ls0\"> </span>45.300 28.270 30.282 26.258 2.012 Obligaciones y Bon<span class=\"_ _1\"></span>os Planta Solar Puert<span class=\"_ _1\"></span>ollano 6 Bonistas 28/02/2017<span class=\"ls0\"> </span>31/12/2037<span class=\"ls0\"> </span>45.100 28.741 30.663 26.750 1.991 Obligaciones y Bon<span class=\"_ _1\"></span>os Magacela Solar Bonistas 24/07/2017<span class=\"ls0\"> </span>30/06/2037<span class=\"ls0\"> </span>47.100 29.571 31.594 27.426 2.145 Obligaciones y Bon<span class=\"_ _1\"></span>os Prodigy Bonistas 09/08/2021<span class=\"ls0\"> </span>31/12/2032<span class=\"ls0\"> </span>21.800 17.729 18.250 15.833 1.896 Pagar\u00e9s Solaria Energ\u00eda<span class=\"_ _1\"></span> y Medio Ambiente Pagar\u00e9s 15/12/2025<span class=\"ls0\"> </span>15/12/2026<span class=\"ls0\"> </span>200.000 151.400 72.000 10.000 141.400 Pr\u00e9stamo Solaria Energ\u00eda<span class=\"_ _1\"></span> y Medio Ambiente L\u00ednea de cr\u00e9dito<span class=\"_ _1\"></span> 03/06/2025<span class=\"ls0\"> </span>03/06/2027<span class=\"ls0\"> </span>47.193 47.193 - 47.193 - Pr\u00e9stamo Solaria Energ\u00eda<span class=\"_ _1\"></span> y Medio Ambiente L\u00ednea de cr\u00e9dito<span class=\"_ _1\"></span> 23/12/2025<span class=\"ls0\"> </span>23/12/2026<span class=\"ls0\"> </span>10.000 10.000 - - 10.000 Pr\u00e9stamo Solaria Energ\u00eda<span class=\"_ _1\"></span> y Medio Ambiente L\u00ednea de cr\u00e9dito<span class=\"_ _1\"></span> 17/07/2025<span class=\"ls0\"> </span>17/01/2026<span class=\"ls0\"> </span>9.000 9.000 - - 9.000 Pr\u00e9stamo Solaria Ingenier<span class=\"_ _1\"></span>ia y Construcci\u00f3n Fotovoltaica, S.L.<span class=\"_ _1\"></span> L\u00ednea de cr\u00e9dito<span class=\"_ _1\"></span> 03/07/2024<span class=\"ls0\"> </span>03/07/2025<span class=\"ls0\"> </span>10.000 - 10.000 - - Pr\u00e9stamo Natelu MetLife Investm<span class=\"_ _1\"></span>ent Management,<span class=\"_ _1\"></span> LLC  16/11/2020<span class=\"ls0\"> </span>15/11/2040<span class=\"ls0\"> </span>11.810 9.914 11.661 9.400 51<span class=\"ls0\">4 </span>Pr\u00e9stamo Yarnel MetLife Investm<span class=\"_ _1\"></span>ent Management, L<span class=\"_ _1\"></span>LC  16/11/2020<span class=\"ls0\"> </span>15/11/2040<span class=\"ls0\"> </span>12.699 10.278 12.090 9.746 532<span class=\"ls0\"> </span>Pr\u00e9stamo Solaria Lyra Banco Santande<span class=\"_ _1\"></span>r, S.A. 14/02/2019<span class=\"ls0\"> </span>30/04/2030<span class=\"ls0\"> </span>52.172 21.269 25.492 16.456<span class=\"ls0\"> </span>4.813<span class=\"ls0\"> </span>Pr\u00e9stamo CFV Triangulum<span class=\"_ _1\"></span> Australe Natixis Sucursal,<span class=\"_ _1\"></span> S.A. 18/07/2019<span class=\"ls0\"> </span>30/06/2034<span class=\"ls0\"> </span>132.570 71.871 77.704 67.337<span class=\"ls0\"> </span>4.534<span class=\"ls0\"> </span>Pr\u00e9stamo V\u00eda Lactea Banco Sabadell<span class=\"_ _1\"></span> 12/11/2019<span class=\"ls0\"> </span>30/06/2027<span class=\"ls0\"> </span>57.000 40.870 44.165 37.511<span class=\"ls0\"> </span>3.359<span class=\"ls0\"> </span>Pr\u00e9stamo Andr\u00f3meda BayernLB 01/01/2020<span class=\"ls0\"> </span>01/04/2035<span class=\"ls0\"> </span>51.500 34.100 37.888 30.300 3.800 Pr\u00e9stamo Corona Borealis<span class=\"_ _1\"></span> Natixis Sucursal,<span class=\"_ _1\"></span> S.A. 25/03/2021<span class=\"ls0\"> </span>30/06/2030<span class=\"ls0\"> </span>115.489 87.373 92.477 79.359 8.014<span class=\"ls0\"> </span>Pr\u00e9stamo Kraken La Banque Postal<span class=\"_ _1\"></span>e S.A. 30/12/2021<span class=\"ls0\"> </span>30/06/2032<span class=\"ls0\"> </span>87.940 73.597 77.737 69.779 3.81<span class=\"ls0\">8 </span>Pr\u00e9stamo Adhara Commerzbank  30/06/2022<span class=\"ls0\"> </span>31/12/2031<span class=\"ls0\"> </span>371.946 242.287 270.092 229.898 12.389 Pr\u00e9stamo Hydra Sabadell 21/12/2022<span class=\"ls0\"> </span>30/06/2038<span class=\"ls0\"> </span>132.890 126.636 62.702 12<span class=\"ls0\">2.284 </span>4.352 Pr\u00e9stamo Serpens Banco Santande<span class=\"_ _1\"></span>r, S.A. 21/09/2023<span class=\"ls0\"> </span>31/12/2031<span class=\"ls0\"> </span>3<span class=\"ls36\">05</span>.<span class=\"ls36\">850</span> 282.147 113.244 258.604 23.543 Pr\u00e9stamo Sagitta Solar Banco Sabadell e <span class=\"_ _1\"></span>Instituto de Cr\u00e9d<span class=\"_ _1\"></span>ito Oficial E.P.E. 06/10/2025<span class=\"ls0\"> </span>30/06/2044<span class=\"ls0\"> </span>89.500 23.607 - 23.607 - Gastos de forma<span class=\"_ _1\"></span>lizaci\u00f3n  (3<span class=\"ls0\">7.<span class=\"ls36\">248</span>) </span>(32.856) (33.<span class=\"ls36\">12</span>4) (4.<span class=\"ls36\">124</span>) Intereses devengados<span class=\"_ _6\"></span> - 56<span class=\"ls0\"> </span>- - Total 1.31<span class=\"ls0\">4.</span>84<span class=\"ls0\">6 </span>991.892<span class=\"ls0\"> </span>1.080<span class=\"ls0\">.</span>45<span class=\"ls0\">6 </span>234<span class=\"ls0\">.</span>390<span class=\"ls0\"> </span>El <span class=\"_ _0\"></span>desglose <span class=\"_ _e\"></span>del <span class=\"_ _0\"></span>nominal <span class=\"_ _e\"></span>por <span class=\"_ _0\"></span>vencimientos<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2025 y 2024 es el sigu<span class=\"_ _1\"></span>iente: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2026<span class=\"ls0\"> </span>237.447 136.893 2027<span class=\"ls0\"> </span>153.130 78.686 2028<span class=\"ls0\"> </span>64.988 112.163 2029<span class=\"ls0\"> </span>129.779 72.724 2030 y siguient<span class=\"_ _1\"></span>es 7<span class=\"ls3\">66</span>.750 624.226 Total 1.35<span class=\"ls0\">2.094 </span>1.024.692 A 31 de dici<span class=\"_ _1\"></span>embre de <span class=\"_ _1\"></span><span class=\"lsc\">20<span class=\"ls0\">25 y <span class=\"_ _1\"></span>2024, el Grup<span class=\"_ _1\"></span>o no ha incu<span class=\"_ _1\"></span>mplido ninguna de<span class=\"_ _6\"></span> sus obligaciones respect<span class=\"_ _1\"></span>o a </span></span>los <span class=\"_ _0\"></span>\u201c<span class=\"ff4\">Bonos <span class=\"_ _e\"></span>Proyecto</span>\u201d<span class=\"ff4\"> o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pr\u00e9stamos <span class=\"_ _e\"></span></span>\u201cProject <span class=\"_ _0\"></span><span class=\"ff4\">F</span>inance\u201d <span class=\"_ _0\"></span><span class=\"ff4\">que <span class=\"_ _0\"></span>derivar\u00edan <span class=\"_ _e\"></span>en <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>amortizaci\u00f3n <span class=\"_ _0\"></span>anticipada. </span>Los <span class=\"_ _0\"></span>mismos tienen <span class=\"_ _0\"></span>como garant\u00eda la <span class=\"_ _0\"></span>propia <span class=\"_ _0\"></span>planta <span class=\"_ _0\"></span>que financian <span class=\"_ _0\"></span>(Nota <span class=\"_ _0\"></span>7)<span class=\"ls10\">. <span class=\"_ _0\"></span></span>El <span class=\"_ _0\"></span>detall<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los mismos <span class=\"_ _0\"></span>al cierre del ejercici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> es el siguiente: <span class=\"ff8\"> </span>Solaria Casiopea,<span class=\"_ _1\"></span> S.A.<span class=\"ls32\">U.<span class=\"ls38\">: </span></span> Con <span class=\"_ _1\"></span>fecha <span class=\"_ _6\"></span>21 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>de 201<span class=\"_ _1\"></span>7, <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>sociedad S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>laria <span class=\"_ _6\"></span>Casiopea, <span class=\"_ _6\"></span>S.A.U. <span class=\"ff7\">e<span class=\"_ _1\"></span>miti\u00f3 <span class=\"_ _6\"></span>un \u201cBon<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>Proyecto\u201d </span>por <span class=\"_ _e\"></span>importe <span class=\"_ _e\"></span>nominal <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>9.200 <span class=\"_ _b\"></span>miles <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>22,8 <span class=\"_ _0\"></span>a\u00f1o<span class=\"_ _0\"></span>s, <span class=\"_ _e\"></span>desembolsado <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>d\u00eda <span class=\"_ _e\"></span>22 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de<span class=\"_ _1\"></span> 2017. El bono de<span class=\"_ _1\"></span>venga un tip<span class=\"_ _1\"></span>o de inter\u00e9s del 4,1<span class=\"_ _1\"></span>5%, con liquidaciones<span class=\"_ _6\"></span> mensuales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x.  La realizaci\u00f3n de<span class=\"_ _1\"></span> Distribuciones contra la Cuen<span class=\"_ _6\"></span>ta de Disposici\u00f3n Restring<span class=\"_ _1\"></span>ida hasta el l\u00edmite<span class=\"_ _1\"></span> de su saldo y con carg<span class=\"_ _1\"></span>o al Periodo de Distrib<span class=\"_ _1\"></span>uci\u00f3n Rele<span class=\"_ _1\"></span>vante correspond<span class=\"_ _1\"></span>iente, estar\u00e1 s<span class=\"_ _1\"></span>ujeta al cumplimiento de las<span class=\"_ _1\"></span> siguientes c<span class=\"_ _1\"></span>ondiciones: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante;<span class=\"_ _38\"> </span>Que el Ratio de Cober<span class=\"_ _6\"></span>tura del Servicio de la Deuda s<span class=\"_ _1\"></span>ea como m\u00ednim<span class=\"_ _1\"></span>o 1,20x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>Cuenta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Reserva <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Deuda, <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Cuenta <span class=\"_ _0\"></span>Principal <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Cuenta <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Capex </span>est\u00e9n dotadas en sus <span class=\"_ _1\"></span>saldos m\u00ednimos; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _2b\"> </span>no <span class=\"_ _2b\"> </span>exis<span class=\"_ _1\"></span>tan <span class=\"_ _2b\"> </span>cantida<span class=\"_ _6\"></span>des <span class=\"_ _2b\"> </span>pendientes <span class=\"_ _2b\"> </span>de <span class=\"_ _2b\"> </span>p<span class=\"_ _1\"></span>ago <span class=\"_ _2b\"> </span>correspondien<span class=\"_ _1\"></span>tes <span class=\"_ _2b\"> </span>a <span class=\"_ _2b\"> </span>c<span class=\"_ _6\"></span>ualesquiera </span>amortizaciones anti<span class=\"_ _1\"></span>cipadas; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>haya <span class=\"_ _8\"> </span>produci<span class=\"_ _1\"></span>do, <span class=\"_ _8\"> </span>ni <span class=\"_ _8\"> </span>sea <span class=\"_ _8\"> </span>previsible <span class=\"_ _27\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>vaya <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>producir, <span class=\"_ _27\"> </span>un <span class=\"_ _8\"> </span>supuesto <span class=\"_ _8\"> </span>de </span>vencimiento anticip<span class=\"_ _1\"></span>ado; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que se haya comple<span class=\"_ _1\"></span>tado la fusi\u00f3n. </span>Globasol Villan<span class=\"_ _1\"></span>ueva 1, S.A.<span class=\"ls32\">U.</span>: Con <span class=\"_ _7\"> </span>fecha <span class=\"_ _7\"> </span>20 <span class=\"_ _5\"> </span>de <span class=\"_ _7\"></span>mayo <span class=\"_ _7\"> </span>de <span class=\"_ _7\"> </span>2016, <span class=\"_ _5\"> </span>Globasol <span class=\"_ _7\"></span>Villanueva <span class=\"_ _7\"></span>1, <span class=\"_ _7\"></span>S.A.<span class=\"ls32\">U.</span> <span class=\"_ _7\"> </span><span class=\"ff7\">em<span class=\"_ _0\"></span>iti\u00f3 <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>\u201cBono <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>Proyecto\u201d <span class=\"_ _7\"></span>por </span>importe nominal d<span class=\"_ _1\"></span>e 45.300 miles de eur<span class=\"_ _1\"></span>os a 20,7 a\u00f1os, dese<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bolsado por un importe neto de gas<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>formalizaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>43.438 <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>iles <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>euros <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>d\u00eda <span class=\"_ _b\"></span>25 <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ayo <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2016. <span class=\"_ _e\"></span>El <span class=\"_ _b\"></span>bono <span class=\"_ _e\"></span>devenga <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>tipo <span class=\"_ _e\"></span>de inter\u00e9s del 4,2<span class=\"_ _1\"></span>0%, con liquidaciones <span class=\"_ _1\"></span>mensuales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deuda; el<span class=\"_ _6\"></span> c<span class=\"_ _0\"></span>ual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Ratio <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>Cobertura <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>Servicio<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>Deuda, <span class=\"_ _b\"></span>ev<span class=\"_ _0\"></span>idenciados <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>dicho <span class=\"_ _c\"></span>Certificado <span class=\"_ _b\"></span>de </span>Cumplimiento <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>Ratios <span class=\"_ _e\"></span>correspondiente <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>Periodo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Distribuci\u00f3n <span class=\"_ _b\"></span>Relevante <span class=\"_ _e\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>cargo <span class=\"_ _b\"></span>al cual se realice el pag<span class=\"_ _6\"></span>o se<span class=\"_ _0\"></span>a como <span class=\"_ _1\"></span>m\u00ednimo 1,20x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Cuenta <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>Reserva <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Servicio <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>Deuda <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>Cuenta <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Capex <span class=\"_ _b\"></span>est\u00e9n <span class=\"_ _b\"></span>to<span class=\"_ _0\"></span>talmente<span class=\"_ _1\"></span> </span>dotadas; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _2b\"> </span>no <span class=\"_ _2b\"> </span>exis<span class=\"_ _1\"></span>tan <span class=\"_ _2b\"> </span>cantida<span class=\"_ _6\"></span>des <span class=\"_ _2b\"> </span>pendientes <span class=\"_ _2b\"> </span>de <span class=\"_ _2b\"> </span>p<span class=\"_ _1\"></span>ago <span class=\"_ _2b\"> </span>correspondien<span class=\"_ _1\"></span>tes <span class=\"_ _2b\"> </span>a <span class=\"_ _2b\"> </span>c<span class=\"_ _6\"></span>ualesquiera </span>amortizaciones anti<span class=\"_ _1\"></span>cipadas;  - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>haya <span class=\"_ _8\"> </span>produci<span class=\"_ _1\"></span>do, <span class=\"_ _8\"> </span>ni <span class=\"_ _8\"> </span>sea <span class=\"_ _8\"> </span>previsible <span class=\"_ _27\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>vaya <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>producir, <span class=\"_ _27\"> </span>un <span class=\"_ _8\"> </span>supuesto <span class=\"_ _8\"> </span>de </span>vencimiento anticip<span class=\"_ _1\"></span>ado. Planta Solar Puer<span class=\"_ _1\"></span>tollano 6, S.A. Con <span class=\"_ _c\"></span>fecha <span class=\"_ _7\"></span>28 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>febrero <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>2017, <span class=\"_ _c\"></span>Planta <span class=\"_ _c\"></span>Solar <span class=\"_ _c\"></span>Puertollano <span class=\"_ _c\"></span>6, <span class=\"_ _c\"></span>S.A. <span class=\"_ _c\"></span>emiti\u00f3 <span class=\"_ _7\"></span>un <span class=\"_ _b\"></span>\u201cBono <span class=\"_ _7\"></span>Proyecto\u201d <span class=\"_ _c\"></span>por importe <span class=\"_ _0\"></span>nominal <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>45.100 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>20 <span class=\"_ _0\"></span>a\u00f1os. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>bono <span class=\"_ _0\"></span>devenga <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>tipo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _e\"></span>del <span class=\"_ _0\"></span>3,75%,<span class=\"_ _1\"></span> con liquidaciones <span class=\"_ _1\"></span>mensuales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a, el cual debe ser al<span class=\"_ _1\"></span> menos de 1,<span class=\"lsc\">05<span class=\"_ _1\"></span><span class=\"ls39\">x.<span class=\"ls0\"> </span></span></span>La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante, revisado por<span class=\"_ _1\"></span> el auditor; Que <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Ratio <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>Cobertura <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>Servicio <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>Deuda, <span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>idenciado <span class=\"_ _c\"></span>por <span class=\"_ _7\"> </span>dicho <span class=\"_ _7\"></span>Certificado <span class=\"_ _c\"></span>de Cumplimiento <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>Ratios <span class=\"_ _e\"></span>correspondiente <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>Periodo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Distribuci\u00f3n <span class=\"_ _b\"></span>Relevante <span class=\"_ _e\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>cargo <span class=\"_ _b\"></span>al cual se realice el pag<span class=\"_ _6\"></span>o se<span class=\"_ _0\"></span>a como <span class=\"_ _1\"></span>m\u00ednimo 1,20x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Cuenta <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>Reserva <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Servicio <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>Deuda <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>Cuenta <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Capex <span class=\"_ _b\"></span>est\u00e9n <span class=\"_ _b\"></span>to<span class=\"_ _0\"></span>talmente<span class=\"_ _1\"></span> </span>dotadas; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _2b\"> </span>no <span class=\"_ _2b\"> </span>exis<span class=\"_ _1\"></span>tan <span class=\"_ _2b\"> </span>cantida<span class=\"_ _6\"></span>des <span class=\"_ _2b\"> </span>pendientes <span class=\"_ _2b\"> </span>de <span class=\"_ _2b\"> </span>p<span class=\"_ _1\"></span>ago <span class=\"_ _2b\"> </span>correspondien<span class=\"_ _1\"></span>tes <span class=\"_ _2b\"> </span>a <span class=\"_ _2b\"> </span>c<span class=\"_ _6\"></span>ualesquiera </span>amortizaciones anti<span class=\"_ _1\"></span>cipadas;  - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>haya <span class=\"_ _8\"> </span>produci<span class=\"_ _1\"></span>do, <span class=\"_ _8\"> </span>ni <span class=\"_ _8\"> </span>sea <span class=\"_ _8\"> </span>previsible <span class=\"_ _27\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>vaya <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>producir, <span class=\"_ _27\"> </span>un <span class=\"_ _8\"> </span>supuesto <span class=\"_ _8\"> </span>de </span>vencimiento anticip<span class=\"_ _1\"></span>ado. Magacela Solar 1,<span class=\"_ _1\"></span> S.A. Con <span class=\"_ _c\"></span>fecha <span class=\"_ _7\"></span>24 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>julio <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>2017, <span class=\"_ _7\"></span>Magacela <span class=\"_ _c\"></span>Solar <span class=\"_ _c\"></span>1, <span class=\"_ _7\"></span>S.A. <span class=\"_ _c\"></span><span class=\"ff7\">emiti\u00f3 <span class=\"_ _7\"></span>un <span class=\"_ _c\"></span>\u201cBono <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>Proyecto\u201d <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>importe </span>nominal <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>47.100 <span class=\"_ _6\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>desembolsado <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>d\u00eda <span class=\"_ _1\"></span>24 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>julio <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>2017. <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>bo<span class=\"_ _0\"></span>no <span class=\"_ _6\"></span>devenga<span class=\"_ _1\"></span> un tipo de inter\u00e9<span class=\"_ _1\"></span>s del 3,679%, con liqu<span class=\"_ _1\"></span>idaciones se<span class=\"_ _1\"></span>mestrales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que el <span class=\"_ _6\"></span>Ratio de <span class=\"_ _6\"></span>Cobertura d<span class=\"_ _1\"></span>el Servici<span class=\"_ _1\"></span>o de <span class=\"_ _6\"></span>la Deuda <span class=\"_ _6\"></span>(RCSD), evidenciad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s p<span class=\"_ _1\"></span>or dic<span class=\"_ _1\"></span>ho Certific<span class=\"_ _1\"></span>ado </span>de Cu<span class=\"_ _1\"></span>mplimiento <span class=\"_ _6\"></span>de Ratios<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>correspondiente <span class=\"_ _6\"></span>al Pe<span class=\"_ _1\"></span>riodo <span class=\"_ _6\"></span>de Distribuci<span class=\"_ _1\"></span>\u00f3n Rel<span class=\"_ _1\"></span>evante <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>n ca<span class=\"_ _6\"></span>rgo al<span class=\"_ _1\"></span> cual <span class=\"_ _6\"></span>se r<span class=\"_ _1\"></span>ealice <span class=\"_ _6\"></span>el pago<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>sea <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>m\u00ednimo <span class=\"_ _1\"></span>1,20x; <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>igual <span class=\"_ _6\"></span>forma, <span class=\"_ _6\"></span>el Ratio <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>Cobertura <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>vida del Bono debe ser<span class=\"_ _1\"></span> como m\u00ednimo 1,<span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>5x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que la Cuenta de Reserva del Servicio de la D<span class=\"_ _0\"></span>euda, la Cuenta Operati<span class=\"_ _1\"></span>va y <span class=\"_ _0\"></span>la Cuenta de Capex </span>est\u00e9n dotadas en sus <span class=\"_ _1\"></span>saldos m\u00ednimos; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _2b\"> </span>no <span class=\"_ _2b\"> </span>exis<span class=\"_ _1\"></span>tan <span class=\"_ _2b\"> </span>cantida<span class=\"_ _6\"></span>des <span class=\"_ _2b\"> </span>pendientes <span class=\"_ _2b\"> </span>de <span class=\"_ _2b\"> </span>p<span class=\"_ _1\"></span>ago <span class=\"_ _2b\"> </span>correspondien<span class=\"_ _1\"></span>tes <span class=\"_ _2b\"> </span>a <span class=\"_ _2b\"> </span>c<span class=\"_ _6\"></span>ualesquiera </span>amortizaciones anti<span class=\"_ _1\"></span>cipadas;  - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>haya <span class=\"_ _8\"> </span>produci<span class=\"_ _1\"></span>do, <span class=\"_ _8\"> </span>ni <span class=\"_ _8\"> </span>sea <span class=\"_ _8\"> </span>previsible <span class=\"_ _27\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>vaya <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>producir, <span class=\"_ _27\"> </span>un <span class=\"_ _8\"> </span>supuesto <span class=\"_ _8\"> </span>de </span>vencimiento anticip<span class=\"_ _1\"></span>ado. Natelu, S.A. y Yarnel,<span class=\"_ _1\"></span> S.A.: Con <span class=\"_ _e\"></span>fecha <span class=\"_ _b\"></span>16 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>noviembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2020, <span class=\"_ _e\"></span>Yarnel, <span class=\"_ _e\"></span>S.A. <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>Natelu, <span class=\"_ _e\"></span>S.A. <span class=\"_ _b\"></span>firmaron <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>contrato <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>deuda <span class=\"_ _e\"></span>con MetLife Investment Management, LLC. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>importe<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>principal de Natelu <span class=\"_ _0\"></span>asciende<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a US$13 m<span class=\"_ _0\"></span>illones y el<span class=\"_ _38\"> </span> importe <span class=\"_ _1\"></span>principal <span class=\"_ _6\"></span>de Yarnel <span class=\"_ _6\"></span>asciende a US<span class=\"_ _1\"></span>$14 <span class=\"_ _1\"></span>millones. <span class=\"_ _6\"></span>El paquete <span class=\"_ _1\"></span>de refinan<span class=\"_ _1\"></span>ciaci\u00f3n <span class=\"_ _1\"></span>tiene un<span class=\"_ _1\"></span> plaz<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>e 20 a\u00f1os.<span class=\"_ _38\"> </span>  Los contrat<span class=\"_ _1\"></span>os de<span class=\"_ _1\"></span> emisi<span class=\"_ _1\"></span>\u00f3n estipu<span class=\"_ _1\"></span>lan la a<span class=\"_ _6\"></span>mortizaci\u00f3n anticip<span class=\"_ _1\"></span>ada en <span class=\"_ _6\"></span>caso de <span class=\"_ _1\"></span>incumplimient<span class=\"_ _1\"></span>o del <span class=\"_ _6\"></span>Ratio de cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,15x.<span class=\"_ _38\"> </span> <span class=\"_ _1\"></span> Solaria Lyra, S.r.l.: Con fecha 14 de febrero <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> 2019, <span class=\"_ _0\"></span>el Grupo <span class=\"_ _0\"></span>refinanci\u00f3<span class=\"_ _1\"></span> su cartera de <span class=\"_ _0\"></span>proyectos en Italia a trav\u00e9s de un Project Finance formalizado con Banco <span class=\"_ _0\"></span>Santander por importe <span class=\"_ _0\"></span>de 52.172 miles de <span class=\"_ _0\"></span>euros a 11,2 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _1\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>devenga <span class=\"_ _6\"></span>un tipo <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _6\"></span>de Eurib<span class=\"_ _1\"></span>or <span class=\"_ _6\"></span>3 mes<span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>+ 2,50%, <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>liquidaciones <span class=\"_ _6\"></span>trimestrales, incluyendo un derivad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de tipo de inter\u00e9<span class=\"_ _1\"></span>s.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Ratio <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>Cobertura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Deuda <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>RCSD <span class=\"_ _e\"></span>Proyectado, <span class=\"_ _e\"></span>evidenciad<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,2<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>haya <span class=\"_ _0\"></span>saldos <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pago <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>cuanto <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>la financiaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Cuenta de <span class=\"_ _0\"></span>Reserva <span class=\"_ _0\"></span>al </span>Servicio de la Deud<span class=\"_ _1\"></span>a; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que la cuenta de Mant<span class=\"_ _6\"></span>enimiento est\u00e9 dotada por<span class=\"_ _1\"></span> el importe exig<span class=\"_ _1\"></span>ido; </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o. </span>CFV Triangulum Aus<span class=\"_ _1\"></span>trale, <span class=\"ls3a\">S.<span class=\"ls3b\">L.</span></span> Con <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>18 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>julio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2019, <span class=\"_ _b\"></span>CFV <span class=\"_ _b\"></span>Triangulum <span class=\"_ _b\"></span>Australe, <span class=\"_ _e\"></span>S.L. <span class=\"_ _c\"></span>financi\u00f3 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promoci\u00f3n, <span class=\"_ _e\"></span>construcci\u00f3n <span class=\"_ _e\"></span>y desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>8 <span class=\"_ _e\"></span>proyectos en <span class=\"_ _e\"></span>Espa\u00f1a <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>Project <span class=\"_ _e\"></span>Finance <span class=\"_ _0\"></span>formalizado <span class=\"_ _0\"></span>con <span class=\"_ _e\"></span>Natixis <span class=\"_ _0\"></span>S.A<span class=\"_ _0\"></span>. <span class=\"_ _e\"></span>por importe de <span class=\"_ _6\"></span>132.570 miles d<span class=\"_ _6\"></span>e euros a <span class=\"lsf\">15</span> a\u00f1os. <span class=\"_ _1\"></span>La financiaci<span class=\"_ _1\"></span>\u00f3n devenga <span class=\"_ _1\"></span>un tipo <span class=\"_ _6\"></span>de inter\u00e9s de m<span class=\"_ _1\"></span>ercado<span class=\"ls27\">, </span>con liquidaciones s<span class=\"_ _1\"></span>emestrales, incluy<span class=\"_ _1\"></span>endo un derivad<span class=\"_ _1\"></span>o de tipo de inter\u00e9s.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ratio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Cobertura del <span class=\"_ _e\"></span>Servicio de <span class=\"_ _e\"></span>la D<span class=\"_ _0\"></span>euda Hist\u00f3rico <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Proyectado, <span class=\"_ _0\"></span>evidenciados por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,1<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que se est\u00e9 cumpliend<span class=\"_ _1\"></span>o con un ratio d<span class=\"_ _1\"></span>e deuda-equity <span class=\"_ _1\"></span>no superior a 75%;<span class=\"_ _38\"> </span></span><span class=\"ff4\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que la<span class=\"_ _6\"></span> cuenta <span class=\"_ _6\"></span>de Manteni<span class=\"_ _1\"></span>miento <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> la<span class=\"_ _6\"></span> Cuenta <span class=\"_ _6\"></span>de Rese<span class=\"_ _1\"></span>rva al<span class=\"_ _6\"></span> Servicio <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>deuda e<span class=\"_ _6\"></span>st\u00e9<span class=\"_ _0\"></span>n d<span class=\"_ _6\"></span>otadas </span>por el importe exigid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o.<span class=\"_ _38\"> </span></span>V\u00eda<span class=\"ls0\"> L\u00e1ctea Fotovoltaica, <span class=\"_ _1\"></span><span class=\"ls3d\">S.<span class=\"ls3e\">L.<span class=\"ls0\"> </span></span></span></span>Con fecha 1<span class=\"_ _1\"></span>2 de novie<span class=\"_ _1\"></span>mbre de 201<span class=\"_ _1\"></span>9, <span class=\"ls3c\">V\u00eda</span> Lactea Fo<span class=\"_ _1\"></span>tovoltaica,<span class=\"_ _1\"></span> S.L. financi\u00f3 la pr<span class=\"_ _6\"></span>omoci\u00f3n, construcci\u00f3n<span class=\"_ _1\"></span> y <span class=\"_ _7\"> </span>desarrollo <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>4 <span class=\"_ _5\"> </span>proyect<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>en <span class=\"_ _7\"></span>Espa\u00f1a <span class=\"_ _7\"> </span>a <span class=\"_ _5\"> </span>trav\u00e9s <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>un <span class=\"_ _7\"></span>Project <span class=\"_ _5\"> </span>Finance <span class=\"_ _7\"></span>formalizad<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>con <span class=\"_ _7\"> </span>Banco <span class=\"_ _5\"> </span>de Sabadell <span class=\"_ _b\"></span>S.A. <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>importe <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>57.000 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>iles <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>euros <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>16 <span class=\"_ _c\"></span>a\u00f1os. <span class=\"_ _b\"></span>La <span class=\"_ _c\"></span>financiaci\u00f3n <span class=\"_ _b\"></span>devenga <span class=\"_ _b\"></span>un <span class=\"_ _c\"></span>tipo <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> inter\u00e9s de mercad<span class=\"_ _1\"></span>o con liquidaciones s<span class=\"_ _1\"></span>emestrales, inc<span class=\"_ _1\"></span>luyendo un derivad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de tipo de inter\u00e9s.<span class=\"_ _1\"></span>  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ratio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Cobertura del <span class=\"_ _e\"></span>Servicio de <span class=\"_ _e\"></span>la D<span class=\"_ _0\"></span>euda Hist\u00f3rico <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Proyectado, <span class=\"_ _0\"></span>evidenciados por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,2<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o. </span>Andr\u00f3meda Fotovoltaica<span class=\"_ _1\"></span>, S.L. Con <span class=\"_ _b\"></span>fecha <span class=\"_ _e\"></span>1 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>enero <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>2020<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>Andr\u00f3meda <span class=\"_ _e\"></span>Fotovoltaica, <span class=\"_ _e\"></span>S.L. <span class=\"_ _b\"></span>financi\u00f3 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promoci\u00f3n, <span class=\"_ _e\"></span>construcci\u00f3n <span class=\"_ _e\"></span>y desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>3 pr<span class=\"_ _1\"></span>oyectos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Espa\u00f1a a<span class=\"_ _6\"></span> trav\u00e9s<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>Project Fi<span class=\"_ _1\"></span>nance <span class=\"_ _6\"></span>formalizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el ban<span class=\"_ _1\"></span>co <span class=\"_ _6\"></span>BayernLB por importe de<span class=\"_ _1\"></span> 51.500 miles de eur<span class=\"_ _1\"></span>os a 15 a\u00f1os.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x.  Corona Borealis Fotovol<span class=\"_ _1\"></span>taica, S.L.U. Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _13\"> </span>25 <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>marzo <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>2021, <span class=\"_ _13\"> </span>Corona <span class=\"_ _13\"> </span>Borealis<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>Fotovoltaica, <span class=\"_ _13\"> </span>S.L.U, <span class=\"_ _13\"> </span>financi\u00f3 <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>promoci\u00f3n,<span class=\"_ _1\"></span> construcci\u00f3n <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>desarrollo <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>7 <span class=\"_ _b\"></span>proyectos <span class=\"_ _0\"></span>en <span class=\"_ _b\"></span>Espa\u00f1a, <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>partir <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>Project <span class=\"_ _e\"></span>Finance <span class=\"_ _e\"></span>formalizado <span class=\"_ _e\"></span>con Natixis <span class=\"_ _1\"></span>S.A., <span class=\"_ _1\"></span>European In<span class=\"_ _1\"></span>vestment <span class=\"_ _1\"></span>Bank y <span class=\"_ _6\"></span>AG Insuranc<span class=\"_ _1\"></span>e, S.A.<span class=\"_ _1\"></span> por <span class=\"_ _6\"></span>impo<span class=\"_ _0\"></span>rte <span class=\"_ _6\"></span>m\u00e1ximo <span class=\"_ _1\"></span>de 115.4<span class=\"_ _1\"></span>89 miles <span class=\"_ _6\"></span>de euros a 9 a\u00f1os. La financiac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>devenga un tip<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de inter\u00e9s de me<span class=\"_ _1\"></span>rcado, con liquid<span class=\"_ _1\"></span>aciones mensuales<span class=\"ls10\">. </span> El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>d<span class=\"_ _38\"> </span>el <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"lsc\">05<span class=\"_ _1\"></span><span class=\"ls39\">x.<span class=\"ls0\"> </span></span></span>La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que se haya producid<span class=\"_ _1\"></span>o al menos el<span class=\"_ _1\"></span> primer reembols<span class=\"_ _1\"></span>o del importe pri<span class=\"_ _1\"></span>ncipal; </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>haya <span class=\"_ _10\"></span>producido <span class=\"_ _6\"></span>ning\u00fan <span class=\"_ _10\"></span>incumplimiento <span class=\"_ _10\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>evento <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>incumplimiento <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>momento<span class=\"_ _1\"></span> </span>de, o como resultad<span class=\"_ _1\"></span>o de la distribuci\u00f3n propu<span class=\"_ _1\"></span>esta; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _3\"> </span>el <span class=\"_ _3\"> </span>certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cumplimiento <span class=\"_ _5\"> </span>con  re<span class=\"_ _1\"></span>specto <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>la <span class=\"_ _3\"> </span>fecha <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>prueba <span class=\"_ _3\"> </span>inmediatam<span class=\"_ _1\"></span>ente </span>anterior <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>D<span class=\"_ _0\"></span>istribuci\u00f3n <span class=\"_ _e\"></span>propuesta <span class=\"_ _e\"></span>demuestra <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>DSCR <span class=\"_ _b\"></span>es <span class=\"_ _b\"></span>igual <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>superior <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>1,<span class=\"_ _0\"></span><span class=\"lsc\">10</span>x <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>el DSCR Proyectado es<span class=\"_ _1\"></span> superior a 1,<span class=\"_ _1\"></span>10x;<span class=\"_ _38\"> </span> Que haya import<span class=\"_ _1\"></span>es pendientes en virtud del<span class=\"_ _6\"></span> acuerdo de financiaci\u00f3n DSR.  Prodigy Orbit, LDA.<span class=\"_ _1\"></span> Con <span class=\"_ _3\"> </span>fecha <span class=\"_ _5\"> </span>9 <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>agost<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>2021 <span class=\"_ _3\"> </span>Prodigy <span class=\"_ _5\"> </span>Orbit,  L<span class=\"_ _1\"></span>DA <span class=\"_ _3\"> </span>financi\u00f3 <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>estudio, <span class=\"_ _5\"> </span>dise\u00f1o, <span class=\"_ _3\"> </span>implem<span class=\"_ _1\"></span>entaci\u00f3n, desarrollo y manteni<span class=\"_ _1\"></span>miento de 4 plantas en Portugal a trav\u00e9s de un <span class=\"_ _0\"></span>Bono formal<span class=\"_ _1\"></span>izado con La Banque Postale, S.A. por i<span class=\"_ _1\"></span>mporte 21.800 mile<span class=\"_ _1\"></span>s de euros hasta el 3<span class=\"_ _1\"></span>1 de diciembre de<span class=\"_ _1\"></span> 2032. La realizaci<span class=\"_ _1\"></span>\u00f3n de dis<span class=\"_ _1\"></span>tribuciones c<span class=\"_ _1\"></span>ontra la <span class=\"_ _1\"></span>Cuenta d<span class=\"_ _1\"></span>e Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida hasta<span class=\"_ _1\"></span> el l\u00edmi<span class=\"_ _1\"></span>te de <span class=\"_ _1\"></span>su sald<span class=\"_ _1\"></span>o y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _1c\"> </span><span class=\"ff4\">El Prestatari<span class=\"_ _1\"></span>o se compr<span class=\"_ _1\"></span>omete a mantener<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>n todo<span class=\"_ _1\"></span> momento duran<span class=\"_ _1\"></span>te la <span class=\"_ _1\"></span>vigencia del<span class=\"_ _1\"></span> presente </span>Contrato un ADSCR igu<span class=\"_ _1\"></span>al o superior a<span class=\"_ _1\"></span> 1,05x; - <span class=\"_ _1c\"> </span><span class=\"ff4\">Dentro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>Distribuciones perm<span class=\"_ _0\"></span>itidas <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>detalla cualquier <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>istribuci\u00f3n realizada <span class=\"_ _0\"></span>dentro <span class=\"_ _0\"></span>de </span>los <span class=\"_ _27\"> </span>30 <span class=\"_ _8\"> </span>d\u00edas <span class=\"_ _8\"> </span>siguientes  a <span class=\"_ _27\"> </span>cada <span class=\"_ _8\"> </span>Fecha <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>C\u00e1lculo <span class=\"_ _27\"> </span>mediante <span class=\"_ _8\"> </span>transferenci<span class=\"_ _1\"></span>a <span class=\"_ _8\"> </span>a <span class=\"_ _27\"> </span>la <span class=\"_ _8\"> </span>Cuenta <span class=\"_ _27\"> </span>de Distribuciones) y si<span class=\"_ _1\"></span>empre qu<span class=\"_ _1\"></span>e se cumplan todas las c<span class=\"_ _1\"></span>ondiciones siguient<span class=\"_ _1\"></span>es: (i<span class=\"ls0\">) <span class=\"_ _2c\"> </span>que <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>haya <span class=\"_ _c\"></span>efectuado <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>reembolso <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>pri<span class=\"_ _1\"></span>mera <span class=\"_ _c\"></span>Amortizaci\u00f3n <span class=\"_ _c\"></span>Programada <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>los </span>Bonos Senior y de l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s Bonos IVA; (ii)<span class=\"ff2 fs1\"> <span class=\"_ _2d\"> </span></span>que se haya producid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> la Fecha de Finalizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n de todas las <span class=\"_ _1\"></span>Plantas Solares (iii)<span class=\"ff2 fs1\"> <span class=\"_ _1f\"> </span></span>el ADSCR del Periodo de C\u00e1<span class=\"_ _6\"></span>lculo anterior ha sido de al men<span class=\"_ _1\"></span>os 1,10x; (iv)<span class=\"ff2 fs1\"> <span class=\"_ _1f\"> </span></span>no hay <span class=\"_ _0\"></span>imp<span class=\"_ _1\"></span>ortes pendiente<span class=\"_ _1\"></span>s de pago bajo el DSRF (v<span class=\"ls0\">) <span class=\"_ _2e\"> </span>la <span class=\"_ _c\"></span>Cuenta <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>Reserva <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>Mantenimiento <span class=\"_ _c\"></span>est\u00e1 <span class=\"_ _c\"></span>totalmente <span class=\"_ _b\"></span>financiada <span class=\"_ _c\"></span>con <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>Cantidad </span>Requerida de Mant<span class=\"_ _1\"></span>enimiento (vi) <span class=\"_ _2f\"> </span>no se ha producid<span class=\"_ _6\"></span>o y contin\u00faa ning\u00fan<span class=\"_ _1\"></span> Evento de Incumpli<span class=\"_ _1\"></span>miento Potencial<span class=\"_ _6\"></span> o Evento de<span class=\"_ _1\"></span> Incumplimiento co<span class=\"_ _1\"></span>mo resultado de dich<span class=\"_ _1\"></span>a Distribuci\u00f3n (vii)<span class=\"ff2 fs1\"> <span class=\"_ _30\"> </span></span>no se <span class=\"_ _1\"></span>ha reali<span class=\"_ _1\"></span>zado ningun<span class=\"_ _1\"></span>a Cesi\u00f3n <span class=\"_ _1\"></span>de Capital<span class=\"_ _6\"></span> en los <span class=\"_ _1\"></span>\u00faltimos <span class=\"_ _1\"></span>12 m<span class=\"_ _1\"></span>eses de <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>con la<span class=\"_ _6\"></span> Cl\u00e1usula 28; (viii)<span class=\"ff2 fs1\"> <span class=\"_ _2b\"> </span></span>se <span class=\"_ _e\"></span>han <span class=\"_ _e\"></span>entregado <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>estados <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>correspondientes <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Periodo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>C\u00e1lculo <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>\u00e1s<span class=\"_ _1\"></span> reciente, junto c<span class=\"_ _1\"></span>on la informaci<span class=\"_ _1\"></span>\u00f3n financiera requerid<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span> (ix)<span class=\"ff2 fs1\"> <span class=\"_ _2f\"> </span></span>se ha entregado<span class=\"_ _1\"></span> al Agente un<span class=\"_ _1\"></span> Certificado de Conf<span class=\"_ _1\"></span>ormidad;<span class=\"ff8\"> </span>Kraken Solar, S.<span class=\"_ _1\"></span>L.U. Con  fecha <span class=\"_ _5\"> </span>30<span class=\"_ _0\"></span>  de <span class=\"_ _3\"> </span>diciemb<span class=\"_ _1\"></span>re  de <span class=\"_ _3\"> </span>2021, <span class=\"_ _3\"> </span>Kraken <span class=\"_ _3\"> </span>Solar, <span class=\"_ _3\"> </span>S.L.U.  financi\u00f3 <span class=\"_ _3\"> </span>la  pro<span class=\"_ _1\"></span>moci\u00f3n, <span class=\"_ _3\"> </span>construcci\u00f3n <span class=\"_ _3\"> </span>y desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>3 <span class=\"_ _1\"></span>proyect<span class=\"_ _1\"></span>os a <span class=\"_ _10\"></span>trav\u00e9s de <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>Credit <span class=\"_ _1\"></span>Facility <span class=\"_ _6\"></span>Agreement <span class=\"_ _6\"></span>formalizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>La Banque <span class=\"_ _10\"></span>Po<span class=\"_ _0\"></span>stale,<span class=\"_ _1\"></span> S.A. <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>importe de <span class=\"_ _0\"></span>87.940 m<span class=\"_ _0\"></span>iles de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a 1<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _e\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>devenga <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>que resulta d<span class=\"_ _1\"></span>e la <span class=\"_ _1\"></span>suma <span class=\"_ _1\"></span>de d<span class=\"_ _1\"></span>os tipos <span class=\"_ _1\"></span>de int<span class=\"_ _6\"></span>er\u00e9s aplicable:<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>margen destinad<span class=\"_ _1\"></span>o a c<span class=\"_ _6\"></span>ada periodo <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> el <span class=\"_ _6\"></span>EURIBOR aplicable <span class=\"_ _0\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>per\u00edodo <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _e\"></span>correspondiente. <span class=\"_ _0\"></span>El <span class=\"_ _e\"></span>tipo <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>inter\u00e9s <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>ir\u00e1 <span class=\"_ _e\"></span>liquidando <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>manera semestral. El contrato de emi<span class=\"_ _1\"></span>si\u00f3n estipu<span class=\"_ _1\"></span>la la amortizaci\u00f3n antici<span class=\"_ _1\"></span>pada en caso de incu<span class=\"_ _1\"></span>mplimiento del Rati<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x. La realizaci\u00f3n de<span class=\"_ _1\"></span> distribuciones contra<span class=\"_ _1\"></span> la Cuenta de D<span class=\"_ _1\"></span>isposici\u00f3n Restring<span class=\"_ _1\"></span>ida hasta el l\u00ed<span class=\"_ _1\"></span>mite de su saldo y con carg<span class=\"_ _1\"></span>o al Periodo de Distrib<span class=\"_ _1\"></span>uci\u00f3n Rele<span class=\"_ _1\"></span>vante correspond<span class=\"_ _1\"></span>iente, estar\u00e1 s<span class=\"_ _1\"></span>ujeta al cumplimiento de las<span class=\"_ _1\"></span> siguientes c<span class=\"_ _1\"></span>ondiciones:<span class=\"_ _38\"> </span> Al menos se ha pr<span class=\"_ _1\"></span>oducido el primer re<span class=\"_ _1\"></span>embolso del im<span class=\"_ _1\"></span>porte principal; - <span class=\"_ _1c\"> </span><span class=\"ff4\">No <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>producido <span class=\"_ _e\"></span>ning\u00fan <span class=\"_ _e\"></span>valo<span class=\"_ _0\"></span>r <span class=\"_ _e\"></span>predeterminado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>incumplimiento <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>puede <span class=\"_ _e\"></span>ocurrir <span class=\"_ _b\"></span>como </span>resultado de la Distribu<span class=\"_ _1\"></span>ci\u00f3n propuesta<span class=\"_ _6\"></span>; - <span class=\"_ _1c\"> </span><span class=\"ff4\">El <span class=\"_ _0\"></span>Certificado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Conformidad con <span class=\"_ _e\"></span>respecto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>fecha de <span class=\"_ _e\"></span>prueba <span class=\"_ _0\"></span>inmediatamente anterior <span class=\"_ _0\"></span>a </span>la distribuci\u00f3n pr<span class=\"_ _1\"></span>opuesta que demuestr<span class=\"_ _1\"></span>e que: (i)<span class=\"ff2\"> <span class=\"_ _31\"> </span></span>El DCSR es igual o supe<span class=\"_ _6\"></span>rior a 1<span class=\"_ _0\"></span>,10x; y<span class=\"_ _1\"></span><span class=\"fs1\"> </span>(ii)<span class=\"ff2\"> <span class=\"_ _2a\"> </span></span>El DCSR Proyectad<span class=\"_ _1\"></span>o es superior a 1,<span class=\"_ _1\"></span>10x - <span class=\"_ _1c\"> </span><span class=\"ff4\">No hay cantidades p<span class=\"_ _1\"></span>endientes en<span class=\"_ _1\"></span> el marco del M<span class=\"_ _1\"></span>ecanismo DSR. </span>Adhara Solar Fotovol<span class=\"_ _1\"></span>taica, S.L.U. Con <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>junio <span class=\"_ _0\"></span>de 2022, <span class=\"_ _e\"></span>Adhara Solar, <span class=\"_ _e\"></span>S.L.U. <span class=\"_ _0\"></span>financi\u00f3 <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>promoci\u00f3n, construcci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>desarrollo de <span class=\"_ _1d\"> </span>15 <span class=\"_ _32\"> </span>proyect<span class=\"_ _1\"></span>os <span class=\"_ _32\"> </span>fot<span class=\"_ _1\"></span>ovoltaicos <span class=\"_ _1d\"> </span>a <span class=\"_ _32\"> </span>trav<span class=\"_ _1\"></span>\u00e9s <span class=\"_ _32\"> </span>d<span class=\"_ _1\"></span>e <span class=\"_ _32\"> </span>un <span class=\"_ _16\"> </span>Credit <span class=\"_ _32\"> </span>Facility <span class=\"_ _1d\"> </span>Agreemen<span class=\"_ _1\"></span>t <span class=\"_ _32\"> </span>formaliz<span class=\"_ _1\"></span>ado <span class=\"_ _1d\"> </span>con COMMERZBANK <span class=\"_ _c\"></span>AKTIENGE<span class=\"_ _1\"></span>SELLSCHAFT, <span class=\"_ _c\"></span>ABN <span class=\"_ _c\"></span>AMRO <span class=\"_ _c\"></span>Bank <span class=\"_ _b\"></span>N.V <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>Banco <span class=\"_ _c\"></span>Europeo <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>Inversiones <span class=\"_ _b\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> importe de <span class=\"_ _0\"></span>371.946 miles de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a 16 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _0\"></span>financiaci\u00f3n devenga <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de inter\u00e9s <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span> de <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>suma <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>dos <span class=\"_ _5\"> </span>tipos <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>inter\u00e9s <span class=\"_ _7\"></span>aplicable: <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>margen <span class=\"_ _7\"> </span>destinado <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>cada <span class=\"_ _5\"> </span>periodo <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>EURIBOR<span class=\"_ _1\"></span> aplicable para el<span class=\"_ _1\"></span> per\u00edodo de inter<span class=\"_ _1\"></span>\u00e9s correspondient<span class=\"_ _1\"></span>e, con liquidaciones sem<span class=\"_ _1\"></span>estral<span class=\"lsd\">es</span>.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x.  Hydra Solar, S.L.U.<span class=\"_ _6\"></span> Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _13\"> </span>21 <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>diciem<span class=\"_ _1\"></span>bre <span class=\"_ _13\"> </span>de <span class=\"_ _12\"> </span>2022, <span class=\"_ _13\"> </span>Hydra <span class=\"_ _12\"> </span>Fotovoltaica <span class=\"_ _13\"> </span>Solar, <span class=\"_ _13\"> </span>S.L.U. <span class=\"_ _12\"> </span>financi\u00f3 <span class=\"_ _12\"> </span>la <span class=\"_ _13\"> </span>promoci\u00f3n, construcci\u00f3n <span class=\"_ _5\"> </span>y  desarr<span class=\"_ _1\"></span>ollo <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>4 <span class=\"_ _3\"> </span>proyectos <span class=\"_ _3\"> </span>fotov<span class=\"_ _1\"></span>oltaicos <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>trav\u00e9s <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>un <span class=\"_ _3\"> </span>Credit<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Facility <span class=\"_ _3\"> </span>Agreement<span class=\"_ _1\"></span> formalizado <span class=\"_ _3\"> </span>con  Ban<span class=\"_ _1\"></span>co  d<span class=\"_ _1\"></span>e <span class=\"_ _3\"> </span>Sabadell,  <span class=\"ls3f\">S.A</span>. <span class=\"_ _3\"> </span>por  imp<span class=\"_ _1\"></span>orte  de <span class=\"_ _3\"> </span>132.890 <span class=\"_ _5\"> </span>miles  de <span class=\"_ _3\"> </span>euros  a <span class=\"_ _3\"> </span>16 <span class=\"_ _3\"> </span>a\u00f1os. <span class=\"_ _3\"> </span>La financiaci\u00f3n <span class=\"_ _e\"></span>devenga <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>resulta <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>suma <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>dos <span class=\"_ _e\"></span>tipos <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>inter\u00e9s <span class=\"_ _e\"></span>aplicable: <span class=\"_ _0\"></span>el margen destinado a cada periodo y el EURIBOR aplica<span class=\"_ _1\"></span>ble para el per\u00edodo de inter\u00e9s correspondiente<span class=\"ls27\">, </span>con liquidaciones s<span class=\"_ _1\"></span>emestrales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,05x.   Serpens Solar, <span class=\"_ _1\"></span>S.L.U. Con <span class=\"_ _7\"></span>fecha <span class=\"_ _7\"></span>21 <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>septiemb<span class=\"_ _1\"></span>re <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>2023, <span class=\"_ _7\"></span>Serpens <span class=\"_ _7\"></span>Solar,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>S.L.U. <span class=\"_ _5\"> </span>financi\u00f3 <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>promoci<span class=\"_ _1\"></span>\u00f3n, <span class=\"_ _7\"></span>construcci\u00f3n <span class=\"_ _c\"></span>y desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>15 <span class=\"_ _0\"></span>proyectos fo<span class=\"_ _0\"></span>tovoltaicos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>Common <span class=\"_ _0\"></span>Terms <span class=\"_ _0\"></span>Agreement <span class=\"_ _0\"></span>formalizado <span class=\"_ _0\"></span>con Banco <span class=\"_ _b\"></span>Santander, <span class=\"_ _e\"></span>S.A. <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>Banco <span class=\"_ _b\"></span>Europeo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Inversion<span class=\"_ _6\"></span>es <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>importe <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>305.850 <span class=\"_ _e\"></span>miles <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>euros <span class=\"_ _b\"></span>con vencimiento legal el 31 <span class=\"_ _0\"></span>de diciembre de 2031. La financiaci\u00f3n devenga un <span class=\"_ _0\"></span>tipo de inter\u00e9s que <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span> de <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>suma <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>dos <span class=\"_ _5\"> </span>tipos <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>inter\u00e9s <span class=\"_ _7\"></span>aplicable: <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>margen <span class=\"_ _7\"> </span>destinado <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>cada <span class=\"_ _5\"> </span>periodo <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>EURIBOR<span class=\"_ _1\"></span> aplicable para el<span class=\"_ _1\"></span> per\u00edodo de inter\u00e9s c<span class=\"_ _1\"></span>orrespondiente, <span class=\"_ _1\"></span>con liquidaciones sem<span class=\"_ _1\"></span>estrales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>servicio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>deuda; <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>cual <span class=\"_ _e\"></span>debe <span class=\"_ _e\"></span>ser <span class=\"_ _0\"></span>al <span class=\"_ _e\"></span>menos <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>1,05x. <span class=\"_ _b\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2025<span class=\"ls27\">, </span>conforme a lo pr<span class=\"_ _1\"></span>evisto en los t\u00e9r<span class=\"_ _1\"></span>minos y condici<span class=\"_ _1\"></span>ones de la emisi<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n, el cu<span class=\"_ _1\"></span>mplimiento de dich<span class=\"_ _1\"></span>o ratio se<span class=\"_ _1\"></span> encuentra exento<span class=\"_ _38\"> </span>.<span class=\"_ _1\"></span> Sagitta Solar, S.L<span class=\"ls10\">.U</span> Con fecha 6 de octubre<span class=\"_ _6\"></span> de 2025, Sagitta Solar, S.<span class=\"_ _1\"></span>L.U. formaliz\u00f3 un Facili<span class=\"_ _6\"></span>ty<span class=\"_ _0\"></span> Agree<span class=\"_ _1\"></span>ment con el Banco de Sabadell, <span class=\"_ _c\"></span>S.A. <span class=\"_ _7\"></span>y <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Instituto <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>Cr\u00e9dito <span class=\"_ _c\"></span>Oficial, <span class=\"_ _7\"></span>E.P.E., <span class=\"_ _c\"></span>destinado <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>financiaci\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>sus <span class=\"_ _c\"></span>proyectos fotovoltaicos, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>total <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>89.5<span class=\"lsf\">00</span> <span class=\"_ _e\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cuales <span class=\"_ _0\"></span>23.607 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _0\"></span>se encontraban des<span class=\"_ _1\"></span>embolsados a <span class=\"_ _6\"></span>31 de diciembre d<span class=\"_ _1\"></span>e 2025. <span class=\"_ _1\"></span>La financia<span class=\"_ _1\"></span>ci\u00f3n tiene v<span class=\"_ _1\"></span>encimiento <span class=\"_ _1\"></span>legal el <span class=\"_ _1\"></span>30 de junio <span class=\"_ _0\"></span>de 2046 y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>deveng<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de inter\u00e9s que <span class=\"_ _0\"></span>resulta de <span class=\"_ _0\"></span>la suma del <span class=\"_ _0\"></span>margen aplicable, fijado en el 1,70%, y el<span class=\"_ _1\"></span> EURIBOR correspond<span class=\"_ _1\"></span>iente al per\u00edod<span class=\"_ _1\"></span>o de inter\u00e9s, con liquid<span class=\"_ _1\"></span>aciones sem<span class=\"_ _1\"></span>estrales. El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> Cobertura <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Servicio <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Deuda; <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>cual <span class=\"_ _0\"></span>debe <span class=\"_ _e\"></span>ser <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _e\"></span>del 1<span class=\"_ _0\"></span>,05x. <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025, conforme a lo pr<span class=\"_ _1\"></span>evisto en los t\u00e9r<span class=\"_ _1\"></span>minos y condici<span class=\"_ _1\"></span>ones de la emisi\u00f3n, <span class=\"_ _1\"></span>el cumplimie<span class=\"_ _6\"></span>nto<span class=\"_ _0\"></span> de dicho rati<span class=\"_ _1\"></span>o se encuentra exento.<span class=\"_ _1\"></span><span class=\"ff8\"> </span>Obligacion<span class=\"_ _1\"></span>es y otros valores negociab<span class=\"_ _1\"></span>les Con <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>15 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>diciembre<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Sociedad <span class=\"_ _e\"></span>dominante <span class=\"_ _b\"></span>llev\u00f3 <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>cabo <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagar\u00e9s <span class=\"_ _b\"></span>al Mercado <span class=\"_ _7\"></span>Alterna<span class=\"_ _1\"></span>tivo <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>Renta <span class=\"_ _7\"></span>Fija <span class=\"_ _7\"></span>(MARF)<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>con <span class=\"_ _c\"></span>un <span class=\"_ _7\"></span>saldo <span class=\"_ _7\"></span>vivo <span class=\"_ _c\"></span>m\u00e1ximo <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>200.000 <span class=\"_ _c\"></span>miles <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>euros.<span class=\"_ _1\"></span> Devenga <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>fijo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>mercado. <span class=\"_ _b\"></span>A <span class=\"_ _e\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _0\"></span>5 <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>importe <span class=\"_ _e\"></span>asciend\u00eda <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>400 miles de euros.  14.2 <span class=\"_ _23\"> </span>Pasivos por arrendamient<span class=\"_ _1\"></span>o (NIIF 16) y otro<span class=\"_ _1\"></span>s pasivos finan<span class=\"_ _1\"></span>cieros El saldo de pasi<span class=\"_ _1\"></span>vo asociado a estos ep\u00edgrafes<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a 31 de d<span class=\"_ _1\"></span>iciembre de 2025 y 2<span class=\"_ _1\"></span>024 es el siguient<span class=\"_ _6\"></span>e:<span class=\"_ _0\"></span>  (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Corriente No corriente Total Corriente No corriente Total Pasivos por<span class=\"_ _1\"></span> arrendamiento (<span class=\"_ _1\"></span>NIIF 16) y otro<span class=\"_ _1\"></span>s pasivos financiero<span class=\"_ _1\"></span>s 17.<span class=\"ls3\">029</span> 17<span class=\"ls0\">6<span class=\"ls40\">.8</span></span>83<span class=\"ls0\"> </span>1<span class=\"ls3\">93</span>.<span class=\"ls3\">912</span> 16.825 138.715 155.540 Total pasivos po<span class=\"_ _1\"></span>r arrendamiento (<span class=\"_ _1\"></span>NIIF 16) y otros pasivos financi<span class=\"_ _1\"></span>eros 17.<span class=\"ls3\">029</span><span class=\"fc4\"> </span>17<span class=\"ls0\">6<span class=\"ls5\">.8</span></span>83<span class=\"fc4 ls0\"> </span>1<span class=\"ls3\">93<span class=\"ls5\">.912</span></span><span class=\"fc4\"> </span>16.825<span class=\"fc4 ls0\"> </span>138.715<span class=\"fc4 ls0\"> </span>155.540<span class=\"ff3 fc4\"> </span>Los princip<span class=\"_ _1\"></span>ales c<span class=\"_ _1\"></span>ontratos d<span class=\"_ _1\"></span>e arrendamien<span class=\"_ _6\"></span>to por el <span class=\"_ _6\"></span>Grupo y <span class=\"_ _1\"></span>vigentes a<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> de dici<span class=\"_ _6\"></span>embre de <span class=\"_ _1\"></span>2025 y <span class=\"_ _1\"></span>2024 son los desglosad<span class=\"_ _1\"></span>os en la Nota 9<span class=\"ls10\">. </span> El <span class=\"_ _6\"></span>saldo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pasivo <span class=\"_ _10\"></span>asociado <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>contratos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>arrendamie<span class=\"_ _1\"></span>nto, <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>2025 <span class=\"_ _10\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>2024, <span class=\"_ _10\"></span>se <span class=\"_ _6\"></span>detalla a continuaci\u00f3n, en mill<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes de euros: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Corriente No corriente Total Corriente No corriente Total Obligacione<span class=\"_ _1\"></span>s por arrendami<span class=\"_ _1\"></span>ento 10.<span class=\"ls0\">0</span>29<span class=\"ls0\"> </span>17<span class=\"ls0\">6.883 </span>18<span class=\"ls0\">6.</span>912<span class=\"ls0\"> </span>6.827 138.715 145.542 Total pasivo por a<span class=\"_ _1\"></span>rrendamientos 10.<span class=\"ls0\">0</span>29<span class=\"fc4 ls0\"> </span>1<span class=\"ls3\">76.883</span><span class=\"fc4\"> </span>186.912<span class=\"ls0\"> </span>6.827<span class=\"fc4 ls0\"> </span>138.715<span class=\"fc4 ls0\"> </span>145.542<span class=\"ff3 fc4\"> </span>El <span class=\"_ _3\"> </span>Grupo <span class=\"_ _3\"> </span>no <span class=\"_ _3\"> </span>cuenta <span class=\"_ _3\"> </span>con <span class=\"_ _3\"> </span>contratos <span class=\"_ _5\"> </span>de  arrend<span class=\"_ _1\"></span>amiento <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>contengan <span class=\"_ _3\"> </span>garant\u00eda<span class=\"_ _1\"></span>s <span class=\"_ _3\"> </span>de  val<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _3\"> </span>residual significativas. A <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>fecha <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>cierre <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>estados <span class=\"_ _b\"></span>financieros,<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>el <span class=\"_ _b\"></span>Grupo <span class=\"_ _b\"></span>no <span class=\"_ _c\"></span>ten\u00eda <span class=\"_ _b\"></span>contratos <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>arrendamiento <span class=\"_ _b\"></span>que representasen compromisos <span class=\"_ _0\"></span>significativos y <span class=\"_ _e\"></span>cuya <span class=\"_ _0\"></span>entrada en <span class=\"_ _e\"></span>vigor <span class=\"_ _0\"></span>fuera <span class=\"_ _0\"></span>posterior <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>diciembre<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>024. <span class=\"_ _6\"></span>El d<span class=\"_ _1\"></span>esglose <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>importes <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>pagar p<span class=\"_ _1\"></span>or <span class=\"_ _6\"></span>vencimientos <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>total p<span class=\"_ _1\"></span>asivo <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>arrendamientos <span class=\"_ _6\"></span>del Grupo a 31 de dicie<span class=\"_ _1\"></span>mbre de 2<span class=\"_ _1\"></span>025 y 2024 es el siguien<span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Hasta un a\u00f1o 10.413 7.036 Entre 1 y 5 a\u00f1<span class=\"_ _1\"></span>os 40.861 34.872 M\u00e1s de 5 a\u00f1os<span class=\"_ _1\"></span> 246.353 165.029 Valor no descont<span class=\"_ _1\"></span>ado de los pasivo<span class=\"_ _1\"></span>s por arrenda<span class=\"_ _1\"></span>miento  297.627<span class=\"ls0\"> </span>206.938<span class=\"ls0\"> </span>El Grupo manti<span class=\"_ _6\"></span>ene acuerdos de <span class=\"_ _1\"></span>financiaci\u00f3n de <span class=\"_ _1\"></span>proveed<span class=\"_ _1\"></span>ores, confirming, <span class=\"_ _1\"></span>que ofrece <span class=\"_ _1\"></span>a algunos d<span class=\"_ _1\"></span>e sus principales <span class=\"_ _b\"></span>proveedores. <span class=\"_ _b\"></span>La <span class=\"_ _b\"></span>participaci\u00f3n <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>el <span class=\"_ _c\"></span>acuer<span class=\"_ _1\"></span>do <span class=\"_ _b\"></span>queda <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>discreci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>proveedor<span class=\"_ _1\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>los cuales <span class=\"_ _6\"></span>recibir\u00e1n <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>anticipad<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _1\"></span>facturas <span class=\"_ _10\"></span>enviadas <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>entidad <span class=\"_ _6\"></span>financiera<span class=\"ls28\">. </span> Si <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>proveedores <span class=\"_ _0\"></span>optan <span class=\"_ _e\"></span>por <span class=\"_ _0\"></span>recibir <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>pago <span class=\"_ _0\"></span>anticipado, <span class=\"_ _0\"></span>pagan <span class=\"_ _0\"></span>una <span class=\"_ _e\"></span>tarifa <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>entidad <span class=\"_ _0\"></span>financiera, <span class=\"_ _0\"></span>del que <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>es <span class=\"_ _0\"></span>parte. <span class=\"_ _e\"></span>Para <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>entidad <span class=\"_ _e\"></span>financiera <span class=\"_ _0\"></span>pague <span class=\"_ _e\"></span>las <span class=\"_ _0\"></span>facturas, <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>bienes <span class=\"_ _e\"></span>deben <span class=\"_ _e\"></span>haber<span class=\"_ _1\"></span> sido recibidos o su<span class=\"_ _1\"></span>ministrados y las fa<span class=\"_ _1\"></span>cturas deben hab<span class=\"_ _1\"></span>er sido aprobadas por el<span class=\"_ _1\"></span> Grupo.  Los <span class=\"_ _b\"></span>pagos <span class=\"_ _c\"></span>a <span class=\"_ _b\"></span>los <span class=\"_ _c\"></span>proveedores <span class=\"_ _b\"></span>antes <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>vencimiento <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>factura <span class=\"_ _b\"></span>son <span class=\"_ _b\"></span>procesados <span class=\"_ _7\"></span>por <span class=\"_ _b\"></span>la entidad <span class=\"_ _c\"></span>financiera <span class=\"_ _7\"></span>y, <span class=\"_ _7\"></span>en <span class=\"_ _c\"></span>todos <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>casos, <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Grupo <span class=\"_ _7\"></span>li<span class=\"_ _1\"></span>quida <span class=\"_ _c\"></span>la <span class=\"_ _7\"> </span>factura <span class=\"_ _7\"></span>original <span class=\"_ _c\"></span>pagando <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>entidad<span class=\"_ _6\"></span> financiera <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>acuerdo <span class=\"_ _b\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _c\"></span>fecha <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>vencimiento <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>factura <span class=\"_ _b\"></span>original <span class=\"_ _b\"></span>descrita <span class=\"_ _e\"></span>anteriormente. <span class=\"_ _b\"></span>El Grupo no pr<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>porciona nin<span class=\"_ _1\"></span>guna <span class=\"_ _1\"></span>garant\u00eda pag<span class=\"_ _1\"></span>ando a la <span class=\"_ _6\"></span>entidad financiera. <span class=\"_ _1\"></span>El plazo <span class=\"_ _6\"></span>del confirming <span class=\"_ _1\"></span>es de hasta <span class=\"_ _e\"></span>6 <span class=\"_ _b\"></span>meses <span class=\"_ _e\"></span>desde <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>aceptaci\u00f3n<span class=\"ls41\">de<span class=\"_ _0\"></span></span> <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>factura. <span class=\"_ _e\"></span>Todas <span class=\"_ _b\"></span>las <span class=\"_ _e\"></span>cuentas <span class=\"_ _b\"></span>por <span class=\"_ _e\"></span>pagar <span class=\"_ _b\"></span>no <span class=\"_ _e\"></span>vencidas <span class=\"_ _e\"></span>sujetas <span class=\"_ _b\"></span>al acuerdo <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>financiaci\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _0\"></span>proveedores <span class=\"_ _b\"></span>se <span class=\"_ _e\"></span>incluyen <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>acreedores <span class=\"_ _e\"></span>comerciales <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>otras <span class=\"_ _b\"></span>cuentas <span class=\"_ _e\"></span>por pagar en el estad<span class=\"_ _1\"></span>o de situaci\u00f3n financiera<span class=\"_ _6\"></span> consolidado.  El <span class=\"_ _c\"></span>saldo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>proveedores <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>forman <span class=\"_ _c\"></span>parte <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>contratos <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>confirming <span class=\"_ _c\"></span>a 31 <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>diciembre <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>2025<span class=\"_ _1\"></span> asciende <span class=\"_ _e\"></span>a <span class=\"_ _c\"></span>139 <span class=\"_ _b\"></span>millones <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>euros <span class=\"_ _e\"></span>(<span class=\"_ _0\"></span>Nota <span class=\"_ _e\"></span>14.5). <span class=\"_ _b\"></span>Los <span class=\"_ _b\"></span>saldos <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Confirming <span class=\"_ _e\"></span>vencidos <span class=\"_ _b\"></span>por <span class=\"_ _b\"></span>importe <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>7 millones <span class=\"_ _c\"></span><span class=\"ff7\">de <span class=\"_ _c\"></span>euros <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>han <span class=\"_ _c\"></span>registrado <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>ep\u00edgrafe <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>pasivos <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>\u201carrendamiento <span class=\"_ _b\"></span>y <span class=\"_ _c\"></span>otros <span class=\"_ _7\"></span>pasi<span class=\"_ _1\"></span>vos </span>financieros\u201d<span class=\"ff4\"> (9,9 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>illones de eur<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s a 31 de dici<span class=\"_ _1\"></span>embre 2024)<span class=\"ls10\">. </span> </span>14.3<span class=\"ff2 fs1 fc0\"> <span class=\"_ _23\"> </span></span>Derivado<span class=\"_ _1\"></span>s  Tal y <span class=\"_ _0\"></span>como se ha indicado en la <span class=\"_ _0\"></span>nota <span class=\"lsf\">12<span class=\"_ _0\"></span></span>.4 anterior, las operaciones que realiza el Grupo <span class=\"_ _0\"></span>le exponen a riesgos <span class=\"_ _7\"> </span>financieros, <span class=\"_ _7\"> </span>principalmente <span class=\"_ _7\"></span>al <span class=\"_ _7\"> </span>riesgo <span class=\"_ _5\"> </span>de <span class=\"_ _7\"></span>tipo <span class=\"_ _7\"></span>de <span class=\"_ _5\"> </span>inter\u00e9s <span class=\"_ _7\"> </span>y<span class=\"_ _0\"></span> <span class=\"_ _7\"> </span>al <span class=\"_ _5\"> </span>riesgo <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>precio <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>venta <span class=\"_ _5\"> </span>de energ\u00eda. C<span class=\"_ _1\"></span>on el <span class=\"_ _1\"></span>fin <span class=\"_ _1\"></span>de redu<span class=\"_ _1\"></span>cir el<span class=\"_ _1\"></span> impacto<span class=\"_ _1\"></span> de <span class=\"_ _1\"></span>estos riesg<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s y <span class=\"_ _1\"></span>de a<span class=\"_ _6\"></span>cuerdo con la<span class=\"_ _1\"></span> pol\u00edt<span class=\"_ _6\"></span>ica de gesti<span class=\"_ _1\"></span>\u00f3n de <span class=\"_ _1\"></span>los mismos, el Grup<span class=\"_ _1\"></span>o tiene contratados vari<span class=\"_ _1\"></span>os derivados fi<span class=\"_ _1\"></span>nancieros<span class=\"_ _38\"> </span>Tipos de inter\u00e9s<span class=\"_ _1\"></span> Al <span class=\"_ _1\"></span>tratarse <span class=\"_ _1\"></span>de d<span class=\"_ _1\"></span>erivados, <span class=\"_ _6\"></span>el Grup<span class=\"_ _1\"></span>o refleja, <span class=\"_ _6\"></span>en cad<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cierre <span class=\"_ _1\"></span>contable, <span class=\"_ _6\"></span>el valor <span class=\"_ _6\"></span>razonable <span class=\"_ _1\"></span>de l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ismos <span class=\"_ _6\"></span>en el <span class=\"_ _b\"></span>estado <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>situaci\u00f3n <span class=\"_ _b\"></span>financiera <span class=\"_ _b\"></span>consolidad<span class=\"_ _1\"></span>o. <span class=\"_ _c\"></span>A <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2025<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>valor <span class=\"_ _b\"></span>razonable <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>los derivados de tipo d<span class=\"_ _1\"></span>e inter\u00e9s asciende<span class=\"_ _1\"></span> a 10.992 miles d<span class=\"_ _1\"></span>e euros (en 2024 era por<span class=\"_ _1\"></span> 636 miles de euros<span class=\"_ _1\"></span>). Con <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>objeto <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>las <span class=\"_ _e\"></span>fluctuaciones <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _0\"></span>tipo <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _e\"></span>aplicable <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>pr\u00e9stamos <span class=\"_ _0\"></span>vigentes, <span class=\"_ _e\"></span>las siguientes <span class=\"_ _13\"> </span>sociedades <span class=\"_ _13\"> </span>tienen <span class=\"_ _13\"> </span>contratadas <span class=\"_ _8\"> </span>o<span class=\"_ _0\"></span>peracion<span class=\"_ _1\"></span>es <span class=\"_ _13\"> </span>de <span class=\"_ _12\"> </span>cobertura <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>tipo <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>inter\u00e9s, <span class=\"_ _13\"> </span>cuyas<span class=\"_ _1\"></span> caracter\u00edsticas pri<span class=\"_ _1\"></span>ncipales son las siguien<span class=\"_ _6\"></span>te<span class=\"_ _0\"></span>s:  Solaria Lyra, S.r.l CFV Triangulum Australe, S.L. V\u00eda L\u00e1ctea Fotovoltaica, S.L. Prodigy Orbit, LDA. Importe nociona<span class=\"_ _0\"></span>l inicial (miles de euros)<span class=\"_ _0\"></span> 49.460 82.273 11.980 18.561 Fecha de ven<span class=\"_ _0\"></span>cimiento 30/04/2030 30/06/2034 30/06/2027<span class=\"_ _0\"></span> 30/06/2032  Tipo de inter\u00e9s a paga<span class=\"_ _0\"></span>r 0,45% 0,71% 0,49% 0,17%  Vencimiento del nocion<span class=\"_ _0\"></span>al del derivado<span class=\"_ _0\"></span> Trimestralmente<span class=\"_ _0\"></span> Semestralmente Semestralmente Semestralmente Corona Borealis, S.L.. Kraken Solar, S.L. Adhara Solar, S.L. Hydra Solar, S.L. Serpens Solar, S.L. Importe nociona<span class=\"_ _0\"></span>l inicial (miles de euros)<span class=\"_ _0\"></span> 85.689 72.224 238.471 99.668 386.107 Fecha de ven<span class=\"_ _0\"></span>cimiento 31/12/2033 31/12/2038 31/12/2033 30/06/2036<span class=\"_ _0\"></span> 31/12/2031 Tipo de inter\u00e9s a paga<span class=\"_ _0\"></span>r 0,62% 0,63% 2,26% 2,96% 3,31<span class=\"ls0\">%<span class=\"_ _0\"></span> </span>Vencimiento del nocion<span class=\"_ _0\"></span>al del derivado<span class=\"_ _0\"></span> Semestralmente Semestralmente Semestralmente Semestralmente Semestralmente Contratos PPA finan<span class=\"_ _1\"></span>cieros Con <span class=\"_ _8\"> </span>el  o<span class=\"_ _0\"></span>bjeto <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>cubrir <span class=\"_ _27\"> </span>las <span class=\"_ _8\"> </span>fluctuaciones  en <span class=\"_ _8\"> </span>el <span class=\"_ _8\"> </span>precio <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>la <span class=\"_ _8\"> </span>energ\u00eda,  v<span class=\"_ _0\"></span>arias <span class=\"_ _27\"> </span>sociedades <span class=\"_ _8\"> </span>tienen<span class=\"_ _6\"></span> contratadas operaci<span class=\"_ _1\"></span>ones de cobertura d<span class=\"_ _1\"></span>e precio (contratos PPA en<span class=\"_ _1\"></span> su modalidad fin<span class=\"_ _1\"></span>anciera)<span class=\"ls10\">. </span> A  31 <span class=\"_ _27\"> </span>de <span class=\"_ _27\"> </span>diciembre <span class=\"_ _27\"> </span>de  2025 <span class=\"_ _8\"> </span>y  20<span class=\"lsf\">24</span> <span class=\"_ _27\"> </span>el <span class=\"_ _27\"> </span>Grupo <span class=\"_ _27\"> </span>Solaria  mantiene  11 <span class=\"_ _27\"> </span>co<span class=\"_ _0\"></span>ntrato<span class=\"_ _1\"></span>s  <span class=\"ff7\">P<span class=\"_ _0\"></span>PA  \u201cfinancieros\u201d</span> contratados  co<span class=\"_ _0\"></span>n <span class=\"_ _27\"> </span>tres <span class=\"_ _8\"> </span>contrapartes. <span class=\"_ _27\"> </span>En <span class=\"_ _8\"> </span>todos <span class=\"_ _27\"> </span>los <span class=\"_ _8\"> </span>casos <span class=\"_ _27\"> </span>se <span class=\"_ _8\"> </span>trata <span class=\"_ _8\"> </span>de  contratos <span class=\"_ _27\"> </span>para <span class=\"_ _8\"> </span>la <span class=\"_ _27\"> </span>v<span class=\"_ _0\"></span>enta <span class=\"_ _27\"> </span>de electricidad a preci<span class=\"_ _1\"></span>o fijo que se liquid<span class=\"_ _1\"></span>an en neto (p<span class=\"_ _1\"></span>or diferencias).  El <span class=\"_ _6\"></span>Grupo <span class=\"_ _10\"></span>ha <span class=\"_ _6\"></span>considerado <span class=\"_ _10\"></span>que <span class=\"_ _6\"></span>estos <span class=\"_ _10\"></span>co<span class=\"_ _0\"></span>ntratos <span class=\"_ _10\"></span>cumplen <span class=\"_ _10\"></span>la <span class=\"_ _6\"></span>definici\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>derivad<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>incluida <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Ap\u00e9ndice A de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>NIIF <span class=\"_ _0\"></span>9 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>que, <span class=\"_ _0\"></span>por tratarse <span class=\"_ _e\"></span>de contratos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se liquidan \u00fanicamente <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>diferencias, no <span class=\"_ _0\"></span>puede aplicarse la <span class=\"_ _0\"></span>excepci\u00f3n de <span class=\"_ _0\"></span>uso <span class=\"_ _0\"></span>propio descrita <span class=\"_ _0\"></span>en el <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u00e1rrafo 2.4 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la NIIF 9<span class=\"_ _0\"></span>. Por <span class=\"_ _0\"></span>tanto, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>contabilizan<span class=\"_ _6\"></span> como instrument<span class=\"_ _1\"></span>os financieros derivad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s y no como c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ntratos a ejecutar <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> executory c<span class=\"_ _1\"></span>ontracts. Los 11 contratos P<span class=\"_ _1\"></span>PA son solares y tiene l<span class=\"_ _6\"></span>as siguientes caracter\u00edstica<span class=\"_ _1\"></span>s: -<span class=\"ff2\"> <span class=\"_ _2f\"> </span><span class=\"ff7\">El Grupo Solaria tiene <span class=\"_ _0\"></span>posici\u00f3n \u201cvendedora\u201d, esto es, v<span class=\"_ _0\"></span>ende electricidad a <span class=\"_ _0\"></span>precio fijo. Los </span></span>contratos prev\u00e9n <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>reciba <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>fijos (en <span class=\"_ _0\"></span>funci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ejercicio o strike <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>contrato) <span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>pague <span class=\"_ _c\"></span>importes <span class=\"_ _b\"></span>referenciados <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>precio <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>mercado <span class=\"_ _b\"></span>I<span class=\"_ _0\"></span>b\u00e9rico <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la electricidad (O<span class=\"_ _1\"></span>MIE). -<span class=\"ff2\"> <span class=\"_ _2f\"> </span></span>Las liquid<span class=\"_ _1\"></span>aciones son <span class=\"_ _1\"></span>mensuales multiplican<span class=\"_ _1\"></span>do por los MWh correspondien<span class=\"_ _1\"></span>tes. -<span class=\"ff2\"> <span class=\"_ _2f\"> </span></span>Con relaci\u00f3n <span class=\"_ _0\"></span>al <span class=\"_ _e\"></span>nomin<span class=\"_ _1\"></span>al <span class=\"_ _0\"></span>(MWh), <span class=\"_ _e\"></span>se <span class=\"_ _0\"></span>calcula <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>funci\u00f3n de <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>porcentaje <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>producci\u00f3n<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>planta <span class=\"_ _6\"></span>solar c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>ncreta. <span class=\"_ _6\"></span>Aunque <span class=\"_ _10\"></span>depende <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>caso, <span class=\"_ _1\"></span>dicho <span class=\"_ _6\"></span>porcentaje <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>alrededor <span class=\"_ _6\"></span>del 70%. -<span class=\"ff2\"> <span class=\"_ _2f\"> </span></span>El ven<span class=\"_ _1\"></span>cimiento es a largo<span class=\"_ _1\"></span> plazo (entre <span class=\"_ _1\"></span>2030 y 2032). Al <span class=\"_ _1\"></span>tratarse <span class=\"_ _1\"></span>de d<span class=\"_ _1\"></span>erivados, <span class=\"_ _6\"></span>el Grup<span class=\"_ _1\"></span>o refleja, <span class=\"_ _6\"></span>en cad<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cierre <span class=\"_ _1\"></span>contable, <span class=\"_ _6\"></span>el valor <span class=\"_ _6\"></span>razonable <span class=\"_ _1\"></span>de l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ismos <span class=\"_ _6\"></span>en el estado de situaci\u00f3n financiera consolidado. A <span class=\"_ _0\"></span>31 de diciembre de 2025 <span class=\"_ _0\"></span>el valor razonable asciende a <span class=\"_ _0\"></span><span class=\"lsc\">58</span> <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>illones <span class=\"_ _0\"></span>de euro<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(en <span class=\"_ _0\"></span>2024 <span class=\"_ _e\"></span>era <span class=\"_ _0\"></span>positivo <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span><span class=\"lsc\">67 <span class=\"_ _0\"></span></span>millones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros). <span class=\"_ _e\"></span>El <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>positivo <span class=\"_ _e\"></span>debido <span class=\"_ _0\"></span>a que, los preci<span class=\"_ _1\"></span>os fijos a cobrar estaban, d<span class=\"_ _1\"></span>e media, por e<span class=\"_ _1\"></span>ncima del precio de m<span class=\"_ _1\"></span>ercado estimado.<span class=\"_ _1\"></span> El valor <span class=\"_ _1\"></span>razonable (el <span class=\"_ _1\"></span>cual s<span class=\"_ _1\"></span>e considera <span class=\"_ _1\"></span>Nivel 3 <span class=\"_ _1\"></span>debido a <span class=\"_ _6\"></span>la falta de liquid<span class=\"_ _1\"></span>ez de los<span class=\"_ _1\"></span> precios a <span class=\"_ _1\"></span>largo <span class=\"_ _1\"></span>plazo de la electricidad) se calcula a <span class=\"_ _0\"></span>trav\u00e9s del descuento de los flujos <span class=\"_ _0\"></span>futuros estimad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s. Los flujos futuros se <span class=\"_ _0\"></span>calculan <span class=\"_ _0\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>diferencia <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>importes <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>cobrar <span class=\"_ _0\"></span>(a <span class=\"_ _e\"></span>precio <span class=\"_ _0\"></span>fijo) <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>pagar <span class=\"_ _0\"></span>(que dependen de la esti<span class=\"_ _1\"></span>maci\u00f3n de los preci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s futuros d<span class=\"_ _1\"></span>e la electricidad). En <span class=\"_ _0\"></span>todos <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>casos, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>trata de <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>tienen <span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>nsideraci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>perfil <span class=\"_ _0\"></span>horario <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci<span class=\"_ _1\"></span>\u00f3n de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las p<span class=\"_ _6\"></span>lantas <span class=\"_ _1\"></span>fotovoltaicas. <span class=\"_ _10\"></span>La <span class=\"_ _6\"></span>liquidaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _10\"></span>m<span class=\"_ _0\"></span>ismos <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>realiza <span class=\"_ _6\"></span>contra <span class=\"_ _6\"></span>el p<span class=\"_ _1\"></span>reci<span class=\"_ _6\"></span>o horario y por el v<span class=\"_ _1\"></span>olumen de energ\u00eda h<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>rario.  En <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _e\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>nivel <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>jerarqu\u00eda <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>variables <span class=\"_ _0\"></span>utilizadas <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>determinaci\u00f3n <span class=\"_ _0\"></span>del valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>os acti<span class=\"_ _1\"></span>vos <span class=\"_ _6\"></span>y <span class=\"_ _1\"></span>pasivos <span class=\"_ _6\"></span>medidos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _6\"></span>razonable, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>corresponde <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>nivel 2<span class=\"_ _6\"></span>, en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>caso de los IRS de tipo d<span class=\"_ _1\"></span>e inter\u00e9s y Ni<span class=\"_ _1\"></span>vel 3 en el caso de l<span class=\"_ _1\"></span>os contratos PPA. Los <span class=\"_ _0\"></span>flujos de <span class=\"_ _0\"></span>efectivo <span class=\"_ _0\"></span>ligados a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>permutas financieras de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>contratos PP<span class=\"_ _0\"></span>A para <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio 2025 <span class=\"_ _0\"></span><span class=\"ls42\">y </span>2024 son los sigu<span class=\"_ _1\"></span>ientes:  (Miles <span class=\"_ _1\"></span>de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>A\u00f1o 2026 10.695 6.395  A\u00f1o 2027 13.809 10.127 A\u00f1os poste<span class=\"_ _1\"></span>riores 34.240 50.474 58.745<span class=\"ls0\"> </span>66.996<span class=\"ls0\"> </span>14.4 <span class=\"_ _23\"> </span>Cambios en pasivos prove<span class=\"_ _1\"></span>nientes de activ<span class=\"_ _1\"></span>idades de fin<span class=\"_ _1\"></span>anciaci\u00f3n 1 de enero de 2025<span class=\"ls0\"> </span>Flujos de entrada efectivo Flujos de salida efectivo Variaci\u00f3n perimetro y otros Cambios en el valor razonable 31 de diciembre de 2025 Deuda fina<span class=\"_ _1\"></span>nciera 1.171.797 396.548 (72.340) 37.117 (6.483) 1.526.6<span class=\"ls3\">39</span> Total pasivos po<span class=\"_ _1\"></span>r actividades de fina<span class=\"_ _6\"></span>nciaci\u00f3n 1.171.797 396.548<span class=\"ls0\"> </span>(72.340) 37.117<span class=\"ls0\"> </span>(6.483)<span class=\"ls0\"> </span>1.526.639<span class=\"ls0\"> </span>1 de enero de 202<span class=\"ls0\">4 </span>Flujos de entrada efectivo Flujos de salida efectivo Variaci\u00f3n perimetro y otros Cambios en el valor razonable 31 de diciembre de 2024 Deuda fina<span class=\"_ _1\"></span>nciera 1.066.084 155.258 (106.136) 38.259 18.332 1.171.797 Total pasivos po<span class=\"_ _1\"></span>r actividades de fina<span class=\"_ _6\"></span>nciaci\u00f3n 1.066.084 155.258<span class=\"ls0\"> </span>(106.136) 38.259<span class=\"ls0\"> </span>18.332<span class=\"ls0\"> </span>14<span class=\"ls33\">.5</span> <span class=\"_ _23\"> </span>Otros pasivos no<span class=\"_ _1\"></span> corrientes y corrientes La composici\u00f3n de<span class=\"_ _1\"></span> este ep\u00edgrafe a <span class=\"_ _1\"></span>31 de diciembre<span class=\"_ _1\"></span> es la siguiente: (miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Corriente No corriente Corriente No corriente Subvencione<span class=\"_ _1\"></span>s oficiales de c<span class=\"_ _1\"></span>apital - 5.100 - - Proveedor<span class=\"_ _1\"></span>es y acreedores v<span class=\"_ _1\"></span>arios 136.300 - 122.304 - Personal - re<span class=\"_ _1\"></span>muneraciones <span class=\"_ _1\"></span>pendientes de pago (<span class=\"_ _1\"></span>Bono) 3.178 - 3.229 - 139.478<span class=\"ls0\"> </span>5.100<span class=\"ls0\"> </span>125.533<span class=\"ls0\"> </span>- Dentro del <span class=\"_ _6\"></span>ep\u00edgrafe de Pr<span class=\"_ _1\"></span>oveedores <span class=\"_ _1\"></span>y acreedore<span class=\"_ _1\"></span>s vari<span class=\"_ _6\"></span>as, se incluyen p<span class=\"_ _1\"></span>roveedore<span class=\"_ _1\"></span>s de inm<span class=\"_ _1\"></span>ovilizado p<span class=\"_ _1\"></span>or importe <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>132 <span class=\"_ _6\"></span>millones d<span class=\"_ _6\"></span>e euros <span class=\"_ _10\"></span>a 31 <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>dicie<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>2025 (118<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>millones <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _6\"></span>de dicie<span class=\"_ _1\"></span>mbre de 2024<span class=\"ls2e\">).</span> El ep\u00edgrafe de subvenci<span class=\"_ _1\"></span>ones se corresponde c<span class=\"_ _1\"></span>on importes concedid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s para la adquisici\u00f3n de bat<span class=\"_ _1\"></span>er\u00edas<span class=\"ls28\">. </span>El movimiento hab<span class=\"_ _1\"></span>ido en este ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>durante el ejer<span class=\"_ _1\"></span>cicio 2025 es el siguient<span class=\"_ _1\"></span>e: (miles de euros) Saldo al 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 2024 - Altas 5.100 Imputaci\u00f3n a r<span class=\"_ _1\"></span>esultados (\u201cot<span class=\"_ _1\"></span>ros ingresos\u201d)<span class=\"ff4\"> (Nota <span class=\"_ _1\"></span><span class=\"ls3\">16<span class=\"ls0\">.1) </span></span></span>- Otros - Saldo al 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de<span class=\"_ _38\"> </span> 2025 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-389": {
   "value": "11.3<span class=\"ff1\"> <span class=\"_ _29\"> </span></span>Efectivo y otros<span class=\"_ _1\"></span> activos l\u00edq<span class=\"_ _1\"></span>uidos equivalentes La composici\u00f3n de<span class=\"_ _1\"></span> este ep\u00edgrafe a 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre es la sig<span class=\"_ _1\"></span>uiente: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Cuentas cor<span class=\"_ _1\"></span>rientes a la vist<span class=\"_ _1\"></span>a 73.329 54.349 Las cuentas corrien<span class=\"_ _1\"></span>tes devengan tip<span class=\"_ _1\"></span>os de inter\u00e9s de mercad<span class=\"_ _1\"></span>o para este tip<span class=\"_ _1\"></span>o de cuentas.<span class=\"_ _38\"> </span>Existen  restriccione<span class=\"_ _1\"></span>s  a  la  disponibilidad<span class=\"_ _1\"></span>  del  importe  de  las  cuentas  corriente<span class=\"_ _1\"></span>s <span class=\"_ _27\"> </span>en  determinadas sociedades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span><span class=\"ff7\">de <span class=\"_ _e\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>finan<span class=\"_ _1\"></span>ciadas <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ediante <span class=\"_ _0\"></span>\u201c<span class=\"ff4\">Project <span class=\"_ _e\"></span>F</span>inance\u201d<span class=\"ff4\"> <span class=\"_ _0\"></span></span>y <span class=\"_ _e\"></span>\u201c<span class=\"ff4\">Bono </span></span>de<span class=\"ls0\"> <span class=\"_ _e\"></span>P<span class=\"_ _0\"></span><span class=\"ff7\">royecto\u201d</span>. <span class=\"_ _e\"></span>As\u00ed, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Cuenta <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Reserva <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>Deuda <span class=\"_ _e\"></span>(CRSD) <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>dichas <span class=\"_ _e\"></span>sociedades, <span class=\"_ _e\"></span>sirve </span>como <span class=\"_ _e\"></span>garant\u00eda <span class=\"_ _b\"></span>para <span class=\"_ _e\"></span>cubrir <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>servicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>deuda <span class=\"_ _b\"></span>bancaria <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>asciende <span class=\"_ _b\"></span>a <span class=\"_ _e\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span><span class=\"ls2f\">a </span>9.915 <span class=\"_ _10\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _6\"></span>(9.882 <span class=\"_ _6\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024). <span class=\"_ _10\"></span>El <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>saldo <span class=\"_ _6\"></span>de corrientes <span class=\"_ _e\"></span>es <span class=\"_ _c\"></span>de <span class=\"_ _e\"></span>libre <span class=\"_ _b\"></span>disposici\u00f3n, <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>vez <span class=\"_ _b\"></span>cumplidas <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>obligaciones <span class=\"_ _e\"></span>contractuales <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>bancos, prestamistas/bonis<span class=\"_ _1\"></span>tas del Grupo para ser distrib<span class=\"_ _1\"></span>uidas (Nota <span class=\"lsf\">14</span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndBankBalancesAtCentralBanksExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-370": {
   "value": "11.3<span class=\"ff1\"> <span class=\"_ _29\"> </span></span>Efectivo y otros<span class=\"_ _1\"></span> activos l\u00edq<span class=\"_ _1\"></span>uidos equivalentes La composici\u00f3n de<span class=\"_ _1\"></span> este ep\u00edgrafe a 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre es la sig<span class=\"_ _1\"></span>uiente: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Cuentas cor<span class=\"_ _1\"></span>rientes a la vist<span class=\"_ _1\"></span>a 73.329 54.349 Las cuentas corrien<span class=\"_ _1\"></span>tes devengan tip<span class=\"_ _1\"></span>os de inter\u00e9s de mercad<span class=\"_ _1\"></span>o para este tip<span class=\"_ _1\"></span>o de cuentas.<span class=\"_ _38\"> </span>Existen  restriccione<span class=\"_ _1\"></span>s  a  la  disponibilidad<span class=\"_ _1\"></span>  del  importe  de  las  cuentas  corriente<span class=\"_ _1\"></span>s <span class=\"_ _27\"> </span>en  determinadas sociedades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span><span class=\"ff7\">de <span class=\"_ _e\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>finan<span class=\"_ _1\"></span>ciadas <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ediante <span class=\"_ _0\"></span>\u201c<span class=\"ff4\">Project <span class=\"_ _e\"></span>F</span>inance\u201d<span class=\"ff4\"> <span class=\"_ _0\"></span></span>y <span class=\"_ _e\"></span>\u201c<span class=\"ff4\">Bono </span></span>de<span class=\"ls0\"> <span class=\"_ _e\"></span>P<span class=\"_ _0\"></span><span class=\"ff7\">royecto\u201d</span>. <span class=\"_ _e\"></span>As\u00ed, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Cuenta <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Reserva <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>Deuda <span class=\"_ _e\"></span>(CRSD) <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>dichas <span class=\"_ _e\"></span>sociedades, <span class=\"_ _e\"></span>sirve </span>como <span class=\"_ _e\"></span>garant\u00eda <span class=\"_ _b\"></span>para <span class=\"_ _e\"></span>cubrir <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>servicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>deuda <span class=\"_ _b\"></span>bancaria <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>asciende <span class=\"_ _b\"></span>a <span class=\"_ _e\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span><span class=\"ls2f\">a </span>9.915 <span class=\"_ _10\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _6\"></span>(9.882 <span class=\"_ _6\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024). <span class=\"_ _10\"></span>El <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>saldo <span class=\"_ _6\"></span>de corrientes <span class=\"_ _e\"></span>es <span class=\"_ _c\"></span>de <span class=\"_ _e\"></span>libre <span class=\"_ _b\"></span>disposici\u00f3n, <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>vez <span class=\"_ _b\"></span>cumplidas <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>obligaciones <span class=\"_ _e\"></span>contractuales <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>bancos, prestamistas/bonis<span class=\"_ _1\"></span>tas del Grupo para ser distrib<span class=\"_ _1\"></span>uidas (Nota <span class=\"lsf\">14</span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-404": {
   "value": "11.3<span class=\"ff1\"> <span class=\"_ _29\"> </span></span>Efectivo y otros<span class=\"_ _1\"></span> activos l\u00edq<span class=\"_ _1\"></span>uidos equivalentes La composici\u00f3n de<span class=\"_ _1\"></span> este ep\u00edgrafe a 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre es la sig<span class=\"_ _1\"></span>uiente: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Cuentas cor<span class=\"_ _1\"></span>rientes a la vist<span class=\"_ _1\"></span>a 73.329 54.349 Las cuentas corrien<span class=\"_ _1\"></span>tes devengan tip<span class=\"_ _1\"></span>os de inter\u00e9s de mercad<span class=\"_ _1\"></span>o para este tip<span class=\"_ _1\"></span>o de cuentas.<span class=\"_ _38\"> </span>Existen  restriccione<span class=\"_ _1\"></span>s  a  la  disponibilidad<span class=\"_ _1\"></span>  del  importe  de  las  cuentas  corriente<span class=\"_ _1\"></span>s <span class=\"_ _27\"> </span>en  determinadas sociedades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span><span class=\"ff7\">de <span class=\"_ _e\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>finan<span class=\"_ _1\"></span>ciadas <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ediante <span class=\"_ _0\"></span>\u201c<span class=\"ff4\">Project <span class=\"_ _e\"></span>F</span>inance\u201d<span class=\"ff4\"> <span class=\"_ _0\"></span></span>y <span class=\"_ _e\"></span>\u201c<span class=\"ff4\">Bono </span></span>de<span class=\"ls0\"> <span class=\"_ _e\"></span>P<span class=\"_ _0\"></span><span class=\"ff7\">royecto\u201d</span>. <span class=\"_ _e\"></span>As\u00ed, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Cuenta <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Reserva <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>Deuda <span class=\"_ _e\"></span>(CRSD) <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>dichas <span class=\"_ _e\"></span>sociedades, <span class=\"_ _e\"></span>sirve </span>como <span class=\"_ _e\"></span>garant\u00eda <span class=\"_ _b\"></span>para <span class=\"_ _e\"></span>cubrir <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>servicio <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>deuda <span class=\"_ _b\"></span>bancaria <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>asciende <span class=\"_ _b\"></span>a <span class=\"_ _e\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span><span class=\"ls2f\">a </span>9.915 <span class=\"_ _10\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _6\"></span>(9.882 <span class=\"_ _6\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024). <span class=\"_ _10\"></span>El <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>saldo <span class=\"_ _6\"></span>de corrientes <span class=\"_ _e\"></span>es <span class=\"_ _c\"></span>de <span class=\"_ _e\"></span>libre <span class=\"_ _b\"></span>disposici\u00f3n, <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>vez <span class=\"_ _b\"></span>cumplidas <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>obligaciones <span class=\"_ _e\"></span>contractuales <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>los <span class=\"_ _b\"></span>bancos, prestamistas/bonis<span class=\"_ _1\"></span>tas del Grupo para ser distrib<span class=\"_ _1\"></span>uidas (Nota <span class=\"lsf\">14</span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-371": {
   "value": "12<span class=\"ff1 ls0\"> <span class=\"_ _28\"> </span><span class=\"ff3\">Patr<span class=\"_ _0\"></span>imon<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>Net<span class=\"_ _0\"></span>o </span></span>12<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Capital escriturado<span class=\"_ _1\"></span> A 31 <span class=\"_ _1\"></span>de dici<span class=\"_ _1\"></span>embre de<span class=\"_ _1\"></span> 2025 <span class=\"_ _1\"></span>y 2024 <span class=\"_ _1\"></span>el capi<span class=\"_ _1\"></span>tal escriturad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de <span class=\"_ _6\"></span>la Sociedad d<span class=\"_ _1\"></span>ominante <span class=\"_ _1\"></span>que se <span class=\"_ _1\"></span>presenta<span class=\"_ _1\"></span> en el <span class=\"_ _0\"></span>Patrimoni<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>neto asciende a <span class=\"_ _0\"></span>1.250 m<span class=\"_ _0\"></span>iles de <span class=\"_ _0\"></span>euros, dividido en <span class=\"_ _0\"></span>124.950.876 acciones al <span class=\"_ _0\"></span>portador de 0,01 euros de valor n<span class=\"_ _6\"></span>ominal cada una.  El detalle de los a<span class=\"_ _1\"></span>ccionistas y su par<span class=\"_ _1\"></span>ticipaci\u00f3n en el ca<span class=\"_ _6\"></span>pital <span class=\"_ _0\"></span>a 31 de diciembre <span class=\"_ _1\"></span>es el sigu<span class=\"_ _1\"></span>iente:<span class=\"_ _38\"> </span>(Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Enrique Diaz-Tejeir<span class=\"_ _1\"></span>o Gutier<span class=\"_ _1\"></span>rez 13,50% - Arturo Di<span class=\"_ _1\"></span>az-Tejeiro Larra\u00f1aga 8,80% - Enrique Diaz-Tejeir<span class=\"_ _1\"></span>o Larra\u00f1aga 6,40% - Miguel Diaz-Tejeir<span class=\"_ _1\"></span>o Larra\u00f1aga 7,70% - Stoneshie<span class=\"_ _1\"></span>ld Holding, S.A.R.L. 9,50% - DTL Corporaci<span class=\"_ _1\"></span>\u00f3n, S.L. - 34,91% Otros ac<span class=\"_ _1\"></span>cionistas 54,10% 65,09% 100,00% 100,00% Las <span class=\"_ _c\"></span>acciones <span class=\"_ _b\"></span>constitutivas<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _c\"></span>capital <span class=\"_ _b\"></span>social <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>Sociedad <span class=\"_ _c\"></span>dominante<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>est\u00e1n <span class=\"_ _b\"></span>admitidas <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>cotizaci\u00f3n oficial <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>cuatro <span class=\"_ _0\"></span>bolsas <span class=\"_ _0\"></span>oficiales <span class=\"_ _0\"></span>espa\u00f1olas y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cotizan <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>continuo, <span class=\"_ _0\"></span>formando <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> IBEX35 desde el mes<span class=\"_ _1\"></span> de octubre de 2020. No exist<span class=\"_ _1\"></span>en restricciones para<span class=\"_ _6\"></span> la libre transmisibilidad de las<span class=\"_ _6\"></span> mismas. <span class=\"_ _6\"></span>La co<span class=\"_ _1\"></span>tizaci\u00f3n <span class=\"_ _6\"></span>al cie<span class=\"_ _6\"></span>rre del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>2025 s<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>situ\u00f3 <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>18,15 <span class=\"_ _6\"></span>euros <span class=\"_ _1\"></span>(7,82 <span class=\"_ _6\"></span>euros a <span class=\"_ _10\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>diciembre<span class=\"_ _1\"></span> de 2024)<span class=\"ls10\">. </span> El <span class=\"_ _7\"> </span>o<span class=\"_ _0\"></span>bjeti<span class=\"_ _1\"></span>vo <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>Grupo <span class=\"_ _7\"></span>es <span class=\"_ _7\"> </span>tener <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>patrimonio <span class=\"_ _7\"></span>adecuado <span class=\"_ _7\"></span>para <span class=\"_ _7\"></span>obtener <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>financiaci\u00f3n <span class=\"_ _7\"></span>necesaria <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span> recursos ajen<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s para <span class=\"_ _6\"></span>su expansi\u00f3n, per<span class=\"_ _1\"></span>o sin c<span class=\"_ _1\"></span>omprometer su<span class=\"_ _6\"></span> solvencia y <span class=\"_ _6\"></span>maximizando el r<span class=\"_ _6\"></span>endimiento que los accionistas puedan<span class=\"_ _1\"></span> obtener del patri<span class=\"_ _1\"></span>monio invertido.<span class=\"_ _1\"></span> Los ratios de endeud<span class=\"_ _1\"></span>amiento financi<span class=\"_ _6\"></span>ero <span class=\"_ _0\"></span>a 31 de diciembre d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span><span class=\"lsf\">20</span>25 y 2024 son c<span class=\"_ _1\"></span>omo sigue:  (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Deudas con <span class=\"_ _1\"></span>entidades de cr\u00e9di<span class=\"_ _1\"></span>to, bonos y acree<span class=\"_ _1\"></span>dores por arrendamie<span class=\"_ _1\"></span>nto 1.50<span class=\"ls0\">8.758 </span>1.147.432 Menos: Efec<span class=\"_ _1\"></span>tivo y equiv<span class=\"_ _1\"></span>alentes al efectivo (<span class=\"_ _1\"></span>Nota <span class=\"ls3\">11</span>.3)  (7<span class=\"ls0\">3.<span class=\"ls3\">329</span>) </span>(54.349) Deuda net<span class=\"_ _1\"></span>a 1.<span class=\"ls0\">4</span>35<span class=\"ls0\">.429 </span>1.093.083 Total Patri<span class=\"_ _1\"></span>monio  709.<span class=\"ls3\">369</span> 617.836 Ratio Deuda/ Patri<span class=\"_ _6\"></span>monio 202<span class=\"ls0\">% </span>177%<span class=\"ls0\"> </span>12<span class=\"ls33\">.2</span> <span class=\"_ _23\"> </span>Prima de emisi\u00f3n La prima <span class=\"_ _0\"></span>de emisi\u00f3n es de <span class=\"_ _0\"></span>libre disposici\u00f3n y siempre que, como consecuencia de su distribuci\u00f3n, los<span class=\"_ _38\"> </span> fondos propios no resulten ser inferiores al <span class=\"_ _0\"></span>capital social. No <span class=\"_ _0\"></span>ha habido mov<span class=\"_ _0\"></span>imien<span class=\"_ _1\"></span>tos <span class=\"_ _0\"></span>ni en el 202<span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>ni<span class=\"_ _1\"></span> en el 2024<span class=\"ls10\">.<span class=\"_ _38\"> </span></span><span class=\"ls10\"> </span> 12<span class=\"ls33\">.3</span> <span class=\"_ _23\"> </span>Reservas Las <span class=\"_ _6\"></span>reservas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>son <span class=\"_ _10\"></span>de <span class=\"_ _1\"></span>libre <span class=\"_ _6\"></span>distribuci\u00f3n <span class=\"_ _6\"></span>salvo <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>distribuible <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>las r<span class=\"_ _6\"></span>eservas <span class=\"_ _6\"></span>legales obligatorias constituid<span class=\"_ _1\"></span>as por las s<span class=\"_ _38\"> </span>12<span class=\"ls33\">.4</span> <span class=\"_ _23\"> </span>Ajustes por cambio<span class=\"_ _1\"></span>s de valo<span class=\"_ _1\"></span>r El movimiento de <span class=\"_ _6\"></span>est<span class=\"_ _0\"></span>e ep\u00edg<span class=\"_ _1\"></span>rafe durante los ejer<span class=\"_ _1\"></span>cicios <span class=\"lsc\">20</span>25 y 2024<span class=\"_ _1\"></span> ha sido el siguiente: (Miles de euros) Saldo inicial Adiciones y minusval\u00edas  Efecto impositivo Saldo Final Ejercicio 2025<span class=\"_ _1\"></span> Cobertura <span class=\"_ _1\"></span>de flujos de efec<span class=\"_ _1\"></span>tivo 47.488 (1.346) 336<span class=\"ls0\"> </span>46.478 Diferencias<span class=\"_ _1\"></span> de conversi\u00f3n (254) (889) - (1.143) 47.234<span class=\"ls0\"> </span>(2.235)<span class=\"ls0\"> </span>336<span class=\"ls0\"> </span>45.335<span class=\"ls0\"> </span>Ejercicio 2024<span class=\"_ _1\"></span> Cobertura <span class=\"_ _1\"></span>de flujos de efec<span class=\"_ _1\"></span>tivo 45.847 2.188 (547) 47.488 Diferencias<span class=\"_ _1\"></span> de conversi\u00f3n (967) 713<span class=\"ls0\"> </span>- (254) 44.880<span class=\"ls0\"> </span>2.901<span class=\"ls0\"> </span>(547)<span class=\"ls0\"> </span>47.234<span class=\"ls0\"> </span>12<span class=\"ls33\">.5</span> <span class=\"_ _2a\"> </span>Socios Externo<span class=\"_ _1\"></span>s En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _10\"></span>2024, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _10\"></span>dominante <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span><span class=\"ls25\">y <span class=\"_ _10\"></span><span class=\"ls0\">el <span class=\"_ _6\"></span>Ente <span class=\"_ _6\"></span>Vasco <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>(EVE) <span class=\"_ _10\"></span>constituyeron </span></span>la sociedad <span class=\"_ _6\"></span>Indarberri, S.L.<span class=\"ls27\">, </span>la <span class=\"_ _6\"></span>cual tiene <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>objeto real<span class=\"_ _6\"></span>izar proyectos d<span class=\"_ _1\"></span>e energ\u00eda<span class=\"_ _6\"></span> solar foto<span class=\"_ _1\"></span>voltaica. La sociedad estaba <span class=\"_ _0\"></span>participada al <span class=\"_ _0\"></span>70% <span class=\"_ _0\"></span>por Solaria <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>al 30% <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>EVE. Para <span class=\"_ _0\"></span>ello, EVE <span class=\"_ _0\"></span>reali<span class=\"_ _0\"></span><span class=\"ls34\">z\u00f3</span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercici<span class=\"_ _6\"></span>o 2022 una aportaci\u00f3n d<span class=\"_ _1\"></span>e 1.440 mile<span class=\"_ _1\"></span>s de euros. Con <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>29 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>noviembre<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>2023<span class=\"ls27\">, <span class=\"_ _1\"></span><span class=\"ls0\">eL <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>compr\u00f3 <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>5% <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>sociedad <span class=\"_ _6\"></span>Indarberri, <span class=\"_ _10\"></span>S.L. <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe </span></span>de 240 miles de <span class=\"_ _1\"></span>euros.<span class=\"_ _38\"> </span> Durante el ejercici<span class=\"_ _1\"></span>o 2024, el EVE realiz<span class=\"_ _1\"></span>\u00f3 aportaciones <span class=\"_ _1\"></span>por importe de<span class=\"_ _1\"></span> 2.750 miles de eur<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s. Durante el ejercici<span class=\"_ _1\"></span>o 2025, el EVE realiz<span class=\"_ _1\"></span>\u00f3 aportaciones <span class=\"_ _1\"></span>por importe de<span class=\"_ _1\"></span> 1.212 miles de euros.<span class=\"_ _1\"></span> 12.6 <span class=\"_ _2a\"> </span>Acciones propias El movimiento,<span class=\"_ _1\"></span> en n\u00famero d<span class=\"_ _1\"></span>e acciones y en mill<span class=\"_ _1\"></span>ones de euros (Nota 4.6), durante<span class=\"_ _1\"></span> el ejercicio 2025 de las acciones propias,<span class=\"_ _6\"></span> ha sido el siguiente: 202<span class=\"ls0\">5 </span>(Miles de euros) N\u00famero de acciones Coste Saldo inicial - - Altas 9.211.634 106.664 Bajas (5.491.311) (56.660) Movimientos <span class=\"fc4\"> </span>3.720.323 50.00<span class=\"ls0\">4 </span>Durante el <span class=\"_ _1\"></span>ejercicio 2<span class=\"_ _1\"></span>025, el <span class=\"_ _1\"></span>resultado positivo regis<span class=\"_ _6\"></span>trado en reservas, <span class=\"_ _1\"></span>procedente<span class=\"_ _1\"></span> de las <span class=\"_ _1\"></span>operaciones<span class=\"_ _1\"></span> con acciones propias<span class=\"_ _1\"></span>, ha ascendido a 4,8 <span class=\"_ _1\"></span><span class=\"ls30\">mi<span class=\"ls0\">llones de <span class=\"_ _1\"></span>euros. </span></span>En 2024 no se realiz<span class=\"_ _1\"></span>aron operacione<span class=\"_ _1\"></span>s con acciones pr<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pias.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-390": {
   "value": "12<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Capital escriturado<span class=\"_ _1\"></span> A 31 <span class=\"_ _1\"></span>de dici<span class=\"_ _1\"></span>embre de<span class=\"_ _1\"></span> 2025 <span class=\"_ _1\"></span>y 2024 <span class=\"_ _1\"></span>el capi<span class=\"_ _1\"></span>tal escriturad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de <span class=\"_ _6\"></span>la Sociedad d<span class=\"_ _1\"></span>ominante <span class=\"_ _1\"></span>que se <span class=\"_ _1\"></span>presenta<span class=\"_ _1\"></span> en el <span class=\"_ _0\"></span>Patrimoni<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>neto asciende a <span class=\"_ _0\"></span>1.250 m<span class=\"_ _0\"></span>iles de <span class=\"_ _0\"></span>euros, dividido en <span class=\"_ _0\"></span>124.950.876 acciones al <span class=\"_ _0\"></span>portador de 0,01 euros de valor n<span class=\"_ _6\"></span>ominal cada una.  El detalle de los a<span class=\"_ _1\"></span>ccionistas y su par<span class=\"_ _1\"></span>ticipaci\u00f3n en el ca<span class=\"_ _6\"></span>pital <span class=\"_ _0\"></span>a 31 de diciembre <span class=\"_ _1\"></span>es el sigu<span class=\"_ _1\"></span>iente:<span class=\"_ _38\"> </span> <div class=\"c w65 hb gsb5\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">(Miles de euros) </div></div><div class=\"c w66 hb gsb6\"><div class=\"t m0 x61 hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">2025<span class=\"ls0\"> </span></div></div><div class=\"c w67 hb gsb7\"><div class=\"t m0 x61 hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">2024<span class=\"ls0\"> </span></div></div><div class=\"c w65 h12 gsb8\"><div class=\"t m0 xa he y434 ff4 fs6 fc0 sc0 ls0 ws0\">Enrique Diaz-Tejeir<span class=\"_ _1\"></span>o Gutier<span class=\"_ _1\"></span>rez </div></div><div class=\"c w66 h12 gsb9\"><div class=\"t m0 x3a he y434 ff4 fs6 fc0 sc0 ls0 ws0\">13,50% </div></div><div class=\"c w67 h12 gsba\"><div class=\"t m0 x45 h13 y27 ff6 fs1 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w65 h12 gsbb\"><div class=\"t m0 xa he y3e2 ff4 fs6 fc0 sc0 ls0 ws0\">Arturo Di<span class=\"_ _1\"></span>az-Tejeiro Larra\u00f1aga </div></div><div class=\"c w66 h12 gsbc\"><div class=\"t m0 x68 he y3e2 ff4 fs6 fc0 sc0 ls0 ws0\">8,80% </div></div><div class=\"c w67 h12 gsbd\"><div class=\"t m0 x45 h13 y27 ff6 fs1 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w65 h12 gsbe\"><div class=\"t m0 xa he y3e2 ff4 fs6 fc0 sc0 ls0 ws0\">Enrique Diaz-Tejeir<span class=\"_ _1\"></span>o Larra\u00f1aga </div></div><div class=\"c w66 h12 gsbf\"><div class=\"t m0 x68 he y3e2 ff4 fs6 fc0 sc0 ls0 ws0\">6,40% </div></div><div class=\"c w67 h12 gsc0\"><div class=\"t m0 x45 h13 y27 ff6 fs1 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w65 h12 gsc1\"><div class=\"t m0 xa he y3e2 ff4 fs6 fc0 sc0 ls0 ws0\">Miguel Diaz-Tejeir<span class=\"_ _1\"></span>o Larra\u00f1aga </div></div><div class=\"c w66 h12 gsc2\"><div class=\"t m0 x68 he y3e2 ff4 fs6 fc0 sc0 ls0 ws0\">7,70% </div></div><div class=\"c w67 h12 gsc3\"><div class=\"t m0 x45 h13 y27 ff6 fs1 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w65 h12 gsc4\"><div class=\"t m0 xa he y3e2 ff4 fs6 fc0 sc0 ls0 ws0\">Stoneshie<span class=\"_ _1\"></span>ld Holding, S.A.R.L. </div></div><div class=\"c w66 h12 gsc5\"><div class=\"t m0 x68 he y3e2 ff4 fs6 fc0 sc0 ls0 ws0\">9,50% </div></div><div class=\"c w67 h12 gsc6\"><div class=\"t m0 x45 h13 y27 ff6 fs1 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w65 hb gsc7\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">DTL Corporaci<span class=\"_ _1\"></span>\u00f3n, S.L. </div></div><div class=\"c w66 hb gsc8\"><div class=\"t m0 x91 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c w67 hb gsc9\"><div class=\"t m0 x3a he y27 ff4 fs6 fc0 sc0 ls0 ws0\">34,91% </div></div><div class=\"c w65 hb gsca\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Otros ac<span class=\"_ _1\"></span>cionistas </div></div><div class=\"c w66 hb gscb\"><div class=\"t m0 x3a he y27 ff4 fs6 fc0 sc0 ls0 ws0\">54,10% </div></div><div class=\"c w67 hb gscc\"><div class=\"t m0 x3a he y27 ff4 fs6 fc0 sc0 ls0 ws0\">65,09% </div></div><div class=\"c w66 hb gscd\"><div class=\"t m0 x0_1 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w67 hb gsce\"><div class=\"t m0 x0_1 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2 h0_1 gscf\"><div class=\"t m0 x3 h7 y43a ff4 fs4 fc0 sc0 ls0 ws0\">Las <span class=\"_ _c\"></span>acciones <span class=\"_ _b\"></span>constitutivas<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _c\"></span>capital <span class=\"_ _b\"></span>social <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>Sociedad <span class=\"_ _c\"></span>dominante<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>est\u00e1n <span class=\"_ _b\"></span>admitidas <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>cotizaci\u00f3n </div><div class=\"t m0 x3 h7 y43b ff4 fs4 fc0 sc0 ls0 ws0\">oficial <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>cuatro <span class=\"_ _0\"></span>bolsas <span class=\"_ _0\"></span>oficiales <span class=\"_ _0\"></span>espa\u00f1olas y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cotizan <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>continuo, <span class=\"_ _0\"></span>formando <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h7 y43c ff4 fs4 fc0 sc0 ls0 ws0\">IBEX35 desde el mes<span class=\"_ _1\"></span> de octubre de 2020. No exist<span class=\"_ _1\"></span>en restricciones para<span class=\"_ _6\"></span> la libre transmisibilidad de las<span class=\"_ _6\"></span> </div><div class=\"t m0 x3 h7 y43d ff4 fs4 fc0 sc0 ls0 ws0\">mismas. <span class=\"_ _6\"></span>La co<span class=\"_ _1\"></span>tizaci\u00f3n <span class=\"_ _6\"></span>al cie<span class=\"_ _6\"></span>rre del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>2025 s<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>situ\u00f3 <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>18,15 <span class=\"_ _6\"></span>euros <span class=\"_ _1\"></span>(7,82 <span class=\"_ _6\"></span>euros a <span class=\"_ _10\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>diciembre<span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h7 y43e ff4 fs4 fc0 sc0 ls0 ws0\">de 2024)<span class=\"ls10\">. </span> </div><div class=\"t m0 x3 h7 y43f ff4 fs4 fc0 sc0 ls0 ws0\">El <span class=\"_ _7\"> </span>o<span class=\"_ _0\"></span>bjeti<span class=\"_ _1\"></span>vo <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>Grupo <span class=\"_ _7\"></span>es <span class=\"_ _7\"> </span>tener <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>patrimonio <span class=\"_ _7\"></span>adecuado <span class=\"_ _7\"></span>para <span class=\"_ _7\"></span>obtener <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>financiaci\u00f3n <span class=\"_ _7\"></span>necesaria <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h7 y440 ff4 fs4 fc0 sc0 ls0 ws0\">recursos ajen<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s para <span class=\"_ _6\"></span>su expansi\u00f3n, per<span class=\"_ _1\"></span>o sin c<span class=\"_ _1\"></span>omprometer su<span class=\"_ _6\"></span> solvencia y <span class=\"_ _6\"></span>maximizando el r<span class=\"_ _6\"></span>endimiento </div><div class=\"t m0 x3 h7 y441 ff4 fs4 fc0 sc0 ls0 ws0\">que los accionistas puedan<span class=\"_ _1\"></span> obtener del patri<span class=\"_ _1\"></span>monio invertido.<span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h7 y442 ff4 fs4 fc0 sc0 ls0 ws0\">Los ratios de endeud<span class=\"_ _1\"></span>amiento financi<span class=\"_ _6\"></span>ero <span class=\"_ _0\"></span>a 31 de diciembre d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span><span class=\"lsf\">20</span>25 y 2024 son c<span class=\"_ _1\"></span>omo sigue:  </div></div><div class=\"c w65 hb gsd0\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">(Miles de euros) </div></div><div class=\"c w66 hb gsd1\"><div class=\"t m0 x61 hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">2025<span class=\"ls0\"> </span></div></div><div class=\"c w67 hb gsd2\"><div class=\"t m0 x61 hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">2024<span class=\"ls0\"> </span></div></div><div class=\"c w65 h14 gsd3\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Deudas con <span class=\"_ _1\"></span>entidades de cr\u00e9di<span class=\"_ _1\"></span>to, bonos y acree<span class=\"_ _1\"></span>dores por arrendamie<span class=\"_ _1\"></span>nto </div></div><div class=\"c w66 h14 gsd4\"><div class=\"t m0 x36 he y29 ff4 fs6 fc0 sc0 ls3 ws0\">1.50<span class=\"ls0\">8.758 </span></div></div><div class=\"c w67 h14 gsd5\"><div class=\"t m0 x36 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">1.147.432 </div></div><div class=\"c w65 hb gsd6\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Menos: Efec<span class=\"_ _1\"></span>tivo y equiv<span class=\"_ _1\"></span>alentes al efectivo (<span class=\"_ _1\"></span>Nota <span class=\"ls3\">11</span>.3)  </div></div><div class=\"c w66 hb gsd7\"><div class=\"t m0 x3b he y27 ff4 fs6 fc0 sc0 ls6 ws0\">(7<span class=\"ls0\">3.<span class=\"ls3\">329</span>) </span></div></div><div class=\"c w67 hb gsd8\"><div class=\"t m0 x3b he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(54.349) </div></div><div class=\"c w65 hb gsd9\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Deuda net<span class=\"_ _1\"></span>a </div></div><div class=\"c w66 hb gsda\"><div class=\"t m0 x36 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">1.<span class=\"ls0\">4</span>35<span class=\"ls0\">.429 </span></div></div><div class=\"c w67 hb gsdb\"><div class=\"t m0 x36 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">1.093.083 </div></div><div class=\"c w65 hb gsdc\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Total Patri<span class=\"_ _1\"></span>monio  </div></div><div class=\"c w66 hb gsdd\"><div class=\"t m0 x38 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">709.<span class=\"ls3\">369</span> </div></div><div class=\"c w67 hb gsde\"><div class=\"t m0 x38 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">617.836 </div></div><div class=\"c w65 hb gsdf\"><div class=\"t m0 xa hc y27 ff3 fs6 fc4 sc0 ls0 ws0\">Ratio Deuda/ Patri<span class=\"_ _6\"></span>monio </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-391": {
   "value": "12<span class=\"ls33\">.2</span> <span class=\"_ _23\"> </span>Prima de emisi\u00f3n La prima <span class=\"_ _0\"></span>de emisi\u00f3n es de <span class=\"_ _0\"></span>libre disposici\u00f3n y siempre que, como consecuencia de su distribuci\u00f3n, los<span class=\"_ _38\"> </span>fondos propios no resulten ser inferiores al <span class=\"_ _0\"></span>capital social. No <span class=\"_ _0\"></span>ha habido mov<span class=\"_ _0\"></span>imien<span class=\"_ _1\"></span>tos <span class=\"_ _0\"></span>ni en el 202<span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>ni<span class=\"_ _1\"></span> en el 2024<span class=\"ls10\">.<span class=\"_ _38\"> </span></span>12<span class=\"ls33\">.3</span> <span class=\"_ _23\"> </span>Reservas Las <span class=\"_ _6\"></span>reservas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>son <span class=\"_ _10\"></span>de <span class=\"_ _1\"></span>libre <span class=\"_ _6\"></span>distribuci\u00f3n <span class=\"_ _6\"></span>salvo <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>distribuible <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>las r<span class=\"_ _6\"></span>eservas <span class=\"_ _6\"></span>legales obligatorias constituid<span class=\"_ _1\"></span>as por las s<span class=\"_ _38\"> </span>ociedad<span class=\"_ _1\"></span>es<span class=\"ls10\">.<span class=\"_ _38\"> </span></span>12<span class=\"ls33\">.4</span> <span class=\"_ _23\"> </span>Ajustes por cambio<span class=\"_ _1\"></span>s de valo<span class=\"_ _1\"></span>r El movimiento de <span class=\"_ _6\"></span>est<span class=\"_ _0\"></span>e ep\u00edg<span class=\"_ _1\"></span>rafe durante los ejer<span class=\"_ _1\"></span>cicios <span class=\"lsc\">20</span>25 y 2024<span class=\"_ _1\"></span> ha sido el siguiente: (Miles de euros) Saldo inicial Adiciones y minusval\u00edas  Efecto impositivo Saldo Final Ejercicio 2025<span class=\"_ _1\"></span> Cobertura <span class=\"_ _1\"></span>de flujos de efec<span class=\"_ _1\"></span>tivo 47.488 (1.346) 336<span class=\"ls0\"> </span>46.478 Diferencias<span class=\"_ _1\"></span> de conversi\u00f3n (254) (889) - (1.143) 47.234<span class=\"ls0\"> </span>(2.235)<span class=\"ls0\"> </span>336<span class=\"ls0\"> </span>45.335<span class=\"ls0\"> </span>Ejercicio 2024<span class=\"_ _1\"></span> Cobertura <span class=\"_ _1\"></span>de flujos de efec<span class=\"_ _1\"></span>tivo 45.847 2.188 (547) 47.488 Diferencias<span class=\"_ _1\"></span> de conversi\u00f3n (967) 713<span class=\"ls0\"> </span>- (254) 44.880<span class=\"ls0\"> </span>2.901<span class=\"ls0\"> </span>(547)<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-392": {
   "value": "2<span class=\"ls33\">.5</span> <span class=\"_ _2a\"> </span>Socios Externo<span class=\"_ _1\"></span>s En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _10\"></span>2024, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _10\"></span>dominante <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span><span class=\"ls25\">y <span class=\"_ _10\"></span><span class=\"ls0\">el <span class=\"_ _6\"></span>Ente <span class=\"_ _6\"></span>Vasco <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>(EVE) <span class=\"_ _10\"></span>constituyeron </span></span>la sociedad <span class=\"_ _6\"></span>Indarberri, S.L.<span class=\"ls27\">, </span>la <span class=\"_ _6\"></span>cual tiene <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>objeto real<span class=\"_ _6\"></span>izar proyectos d<span class=\"_ _1\"></span>e energ\u00eda<span class=\"_ _6\"></span> solar foto<span class=\"_ _1\"></span>voltaica. La sociedad estaba <span class=\"_ _0\"></span>participada al <span class=\"_ _0\"></span>70% <span class=\"_ _0\"></span>por Solaria <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>al 30% <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>EVE. Para <span class=\"_ _0\"></span>ello, EVE <span class=\"_ _0\"></span>reali<span class=\"_ _0\"></span><span class=\"ls34\">z\u00f3</span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercici<span class=\"_ _6\"></span>o 2022 una aportaci\u00f3n d<span class=\"_ _1\"></span>e 1.440 mile<span class=\"_ _1\"></span>s de euros. Con <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>29 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>noviembre<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>2023<span class=\"ls27\">, <span class=\"_ _1\"></span><span class=\"ls0\">eL <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>compr\u00f3 <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>5% <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>sociedad <span class=\"_ _6\"></span>Indarberri, <span class=\"_ _10\"></span>S.L. <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe </span></span>de 240 miles de <span class=\"_ _1\"></span>euros.<span class=\"_ _38\"> </span>Durante el ejercici<span class=\"_ _1\"></span>o 2024, el EVE realiz<span class=\"_ _1\"></span>\u00f3 aportaciones <span class=\"_ _1\"></span>por importe de<span class=\"_ _1\"></span> 2.750 miles de eur<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s. Durante el ejercici<span class=\"_ _1\"></span>o 2025, el EVE realiz<span class=\"_ _1\"></span>\u00f3 aportaciones <span class=\"_ _1\"></span>por importe de<span class=\"_ _1\"></span> 1.212 miles de euros.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "13<span class=\"ff1 ls0\"> <span class=\"_ _28\"> </span><span class=\"ff3\">Pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>ones<span class=\"_ _0\"></span> y <span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>enci<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> </span></span>A 31 de diciembre<span class=\"_ _1\"></span> de 2025 y 2024 n<span class=\"_ _1\"></span>o existen provision<span class=\"_ _1\"></span>es<span class=\"ls10\">. </span><span class=\"fs5\"> </span>Los <span class=\"_ _7\"></span>Admin<span class=\"_ _1\"></span>istradores <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>Sociedad <span class=\"_ _7\"></span>dominante<span class=\"_ _1\"></span>, <span class=\"_ _7\"></span>as\u00ed <span class=\"_ _c\"></span>como <span class=\"_ _c\"></span>sus <span class=\"_ _7\"></span>asesores <span class=\"_ _c\"></span>legales, <span class=\"_ _c\"></span>consideran <span class=\"_ _7\"></span>que <span class=\"_ _c\"></span>no existen <span class=\"_ _27\"> </span>pleitos, <span class=\"_ _27\"> </span>litigios <span class=\"_ _27\"> </span>o <span class=\"_ _27\"> </span>procedimientos <span class=\"_ _27\"> </span>civiles, <span class=\"_ _8\"> </span>pe<span class=\"_ _1\"></span>nales <span class=\"_ _27\"> </span>o <span class=\"_ _8\"> </span>administrati<span class=\"_ _1\"></span>vos <span class=\"_ _8\"> </span>a  provisionar <span class=\"_ _8\"> </span>en  las presentes <span class=\"_ _13\"> </span>cuentas <span class=\"_ _13\"> </span>anuales <span class=\"_ _13\"> </span>consolidadas <span class=\"_ _13\"> </span>ya <span class=\"_ _12\"> </span>que <span class=\"_ _13\"> </span>no <span class=\"_ _13\"> </span>es <span class=\"_ _12\"> </span>probable <span class=\"_ _13\"> </span>la <span class=\"_ _12\"> </span>salida <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>recursos <span class=\"_ _13\"> </span>en <span class=\"_ _12\"> </span>los procedimientos pendi<span class=\"_ _6\"></span>entes (",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-421": {
   "value": "14<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Deudas con entidad<span class=\"_ _1\"></span>es de cr\u00e9dito y obligac<span class=\"_ _1\"></span>iones y otro<span class=\"_ _1\"></span>s valores negociables La composici\u00f3n de<span class=\"_ _1\"></span> estos pasivos financier<span class=\"_ _1\"></span>os a 31 de diciembr<span class=\"_ _1\"></span>e de 2025 y 2024 es <span class=\"_ _1\"></span><span class=\"lsb\">la<span class=\"ls0\"> siguiente: </span></span>(Miles de euros) Corriente No corriente Total Ejercicio 2025: Deudas con <span class=\"_ _1\"></span>entidades de cr\u00e9di<span class=\"_ _1\"></span>to 88.668 1.<span class=\"ls0\">0</span>01<span class=\"ls0\">.474 </span>1.090.142 Gastos de<span class=\"_ _1\"></span> formalizaci\u00f3n de<span class=\"_ _1\"></span> deudas (4.026) (3<span class=\"ls0\">2.<span class=\"ls3\">047</span>) </span>(36.<span class=\"ls3\">073</span>) 84.643 9<span class=\"ls3\">69.427</span> 1.054.069 Obligacione<span class=\"_ _1\"></span>s y otros valor<span class=\"_ _1\"></span>es negociables 149.846 112.10<span class=\"ls0\">6 </span>261.952 Deudas por<span class=\"_ _1\"></span> intereses devengad<span class=\"_ _1\"></span>os bonos - - - Gastos de<span class=\"_ _1\"></span> formalizaci\u00f3n de<span class=\"_ _1\"></span> bonos (99) (1.<span class=\"ls3\">07</span>7) (1.<span class=\"ls3\">17</span>6) 149.747 111.02<span class=\"ls0\">9 </span>260.77<span class=\"ls0\">7 </span>2<span class=\"ls3\">34</span>.<span class=\"ls3\">390</span> 1.080.<span class=\"ls35\">45<span class=\"ls0\">6 </span></span>1.31<span class=\"ls0\">4.846 </span>(Miles de euros) Corriente No corriente Total Ejercicio 2024: Deudas con <span class=\"_ _1\"></span>entidades de cr\u00e9di<span class=\"_ _1\"></span>to 57.661 777.591 835.252 Gastos de<span class=\"_ _1\"></span> formalizaci\u00f3n de<span class=\"_ _1\"></span> deudas (986) (30.631) (31.617) 56.675 746.960 803.635 Obligacione<span class=\"_ _1\"></span>s y otros valor<span class=\"_ _1\"></span>es negociables 79.232 110.208 189.440 Deudas por<span class=\"_ _1\"></span> intereses devengad<span class=\"_ _1\"></span>os bonos 56<span class=\"ls0\"> </span>- 56<span class=\"ls0\"> </span>Gastos de<span class=\"_ _1\"></span> formalizaci\u00f3n de<span class=\"_ _1\"></span> bonos (99) (1.140) (1.239) 79.189 109.068 188.257 135.864<span class=\"ls0\"> </span>856.<span class=\"_ _38\"> </span>Las obligaciones y <span class=\"_ _0\"></span>bonos y <span class=\"_ _0\"></span>principales pr\u00e9stamos suscritos por <span class=\"_ _0\"></span>el Grupo y <span class=\"_ _0\"></span>vigentes <span class=\"_ _0\"></span>a 31 <span class=\"_ _0\"></span>de diciembre de <span class=\"lsf\">20</span>25 y 2024 son los sigu<span class=\"_ _1\"></span>ientes (miles de euro<span class=\"_ _1\"></span>s): Tipo de contrato Sociedad Prestamista origin<span class=\"_ _1\"></span>al Fecha del contrato inicial Fecha de vencimiento final Importe inicial del pr\u00e9stamo (miles de euros) Importe a 31/12/202<span class=\"_ _1\"></span>5 Importe a 31/12/202<span class=\"_ _1\"></span>4 No Corriente a 31/12/202<span class=\"_ _1\"></span>5 Corriente a 31/12/202<span class=\"_ _1\"></span>5 Obligaciones y Bon<span class=\"_ _1\"></span>os Solaria Casiopea Bonistas 22/12/2017<span class=\"ls0\"> </span>30/09/2040<span class=\"ls0\"> </span>9.200 6.241 6.651 5.839 402<span class=\"ls0\"> </span>Obligaciones y Bon<span class=\"_ _1\"></span>os Globasol Villanueva<span class=\"_ _1\"></span> 1. Bonistas 25/05/2016<span class=\"ls0\"> </span>31/01/2037<span class=\"ls0\"> </span>45.300 28.270 30.282 26.258 2.012 Obligaciones y Bon<span class=\"_ _1\"></span>os Planta Solar Puert<span class=\"_ _1\"></span>ollano 6 Bonistas 28/02/2017<span class=\"ls0\"> </span>31/12/2037<span class=\"ls0\"> </span>45.100 28.741 30.663 26.750 1.991 Obligaciones y Bon<span class=\"_ _1\"></span>os Magacela Solar Bonistas 24/07/2017<span class=\"ls0\"> </span>30/06/2037<span class=\"ls0\"> </span>47.100 29.571 31.594 27.426 2.145 Obligaciones y Bon<span class=\"_ _1\"></span>os Prodigy Bonistas 09/08/2021<span class=\"ls0\"> </span>31/12/2032<span class=\"ls0\"> </span>21.800 17.729 18.250 15.833 1.896 Pagar\u00e9s Solaria Energ\u00eda<span class=\"_ _1\"></span> y Medio Ambiente Pagar\u00e9s 15/12/2025<span class=\"ls0\"> </span>15/12/2026<span class=\"ls0\"> </span>200.000 151.400 72.000 10.000 141.400 Pr\u00e9stamo Solaria Energ\u00eda<span class=\"_ _1\"></span> y Medio Ambiente L\u00ednea de cr\u00e9dito<span class=\"_ _1\"></span> 03/06/2025<span class=\"ls0\"> </span>03/06/2027<span class=\"ls0\"> </span>47.193 47.193 - 47.193 - Pr\u00e9stamo Solaria Energ\u00eda<span class=\"_ _1\"></span> y Medio Ambiente L\u00ednea de cr\u00e9dito<span class=\"_ _1\"></span> 23/12/2025<span class=\"ls0\"> </span>23/12/2026<span class=\"ls0\"> </span>10.000 10.000 - - 10.000 Pr\u00e9stamo Solaria Energ\u00eda<span class=\"_ _1\"></span> y Medio Ambiente L\u00ednea de cr\u00e9dito<span class=\"_ _1\"></span> 17/07/2025<span class=\"ls0\"> </span>17/01/2026<span class=\"ls0\"> </span>9.000 9.000 - - 9.000 Pr\u00e9stamo Solaria Ingenier<span class=\"_ _1\"></span>ia y Construcci\u00f3n Fotovoltaica, S.L.<span class=\"_ _1\"></span> L\u00ednea de cr\u00e9dito<span class=\"_ _1\"></span> 03/07/2024<span class=\"ls0\"> </span>03/07/2025<span class=\"ls0\"> </span>10.000 - 10.000 - - Pr\u00e9stamo Natelu MetLife Investm<span class=\"_ _1\"></span>ent Management,<span class=\"_ _1\"></span> LLC  16/11/2020<span class=\"ls0\"> </span>15/11/2040<span class=\"ls0\"> </span>11.810 9.914 11.661 9.400 51<span class=\"ls0\">4 </span>Pr\u00e9stamo Yarnel MetLife Investm<span class=\"_ _1\"></span>ent Management, L<span class=\"_ _1\"></span>LC  16/11/2020<span class=\"ls0\"> </span>15/11/2040<span class=\"ls0\"> </span>12.699 10.278 12.090 9.746 532<span class=\"ls0\"> </span>Pr\u00e9stamo Solaria Lyra Banco Santande<span class=\"_ _1\"></span>r, S.A. 14/02/2019<span class=\"ls0\"> </span>30/04/2030<span class=\"ls0\"> </span>52.172 21.269 25.492 16.456<span class=\"ls0\"> </span>4.813<span class=\"ls0\"> </span>Pr\u00e9stamo CFV Triangulum<span class=\"_ _1\"></span> Australe Natixis Sucursal,<span class=\"_ _1\"></span> S.A. 18/07/2019<span class=\"ls0\"> </span>30/06/2034<span class=\"ls0\"> </span>132.570 71.871 77.704 67.337<span class=\"ls0\"> </span>4.534<span class=\"ls0\"> </span>Pr\u00e9stamo V\u00eda Lactea Banco Sabadell<span class=\"_ _1\"></span> 12/11/2019<span class=\"ls0\"> </span>30/06/2027<span class=\"ls0\"> </span>57.000 40.870 44.165 37.511<span class=\"ls0\"> </span>3.359<span class=\"ls0\"> </span>Pr\u00e9stamo Andr\u00f3meda BayernLB 01/01/2020<span class=\"ls0\"> </span>01/04/2035<span class=\"ls0\"> </span>51.500 34.100 37.888 30.300 3.800 Pr\u00e9stamo Corona Borealis<span class=\"_ _1\"></span> Natixis Sucursal,<span class=\"_ _1\"></span> S.A. 25/03/2021<span class=\"ls0\"> </span>30/06/2030<span class=\"ls0\"> </span>115.489 87.373 92.477 79.359 8.014<span class=\"ls0\"> </span>Pr\u00e9stamo Kraken La Banque Postal<span class=\"_ _1\"></span>e S.A. 30/12/2021<span class=\"ls0\"> </span>30/06/2032<span class=\"ls0\"> </span>87.940 73.597 77.737 69.779 3.81<span class=\"ls0\">8 </span>Pr\u00e9stamo Adhara Commerzbank  30/06/2022<span class=\"ls0\"> </span>31/12/2031<span class=\"ls0\"> </span>371.946 242.287 270.092 229.898 12.389 Pr\u00e9stamo Hydra Sabadell 21/12/2022<span class=\"ls0\"> </span>30/06/2038<span class=\"ls0\"> </span>132.890 126.636 62.702 12<span class=\"ls0\">2.284 </span>4.352 Pr\u00e9stamo Serpens Banco Santande<span class=\"_ _1\"></span>r, S.A. 21/09/2023<span class=\"ls0\"> </span>31/12/2031<span class=\"ls0\"> </span>3<span class=\"ls36\">05</span>.<span class=\"ls36\">850</span> 282.147 113.244 258.604 23.543 Pr\u00e9stamo Sagitta Solar Banco Sabadell e <span class=\"_ _1\"></span>Instituto de Cr\u00e9d<span class=\"_ _1\"></span>ito Oficial E.P.E. 06/10/2025<span class=\"ls0\"> </span>30/06/2044<span class=\"ls0\"> </span>89.500 23.607 - 23.607 - Gastos de forma<span class=\"_ _1\"></span>lizaci\u00f3n  (3<span class=\"ls0\">7.<span class=\"ls36\">248</span>) </span>(32.856) (33.<span class=\"ls36\">12</span>4) (4.<span class=\"ls36\">124</span>) Intereses devengados<span class=\"_ _6\"></span> - 56<span class=\"ls0\"> </span>- - Total 1.31<span class=\"ls0\">4.</span>84<span class=\"ls0\">6 </span>991.892<span class=\"ls0\"> </span>1.080<span class=\"ls0\">.</span>45<span class=\"ls0\">6 </span>234<span class=\"ls0\">.</span>390<span class=\"ls0\"> </span>El <span class=\"_ _0\"></span>desglose <span class=\"_ _e\"></span>del <span class=\"_ _0\"></span>nominal <span class=\"_ _e\"></span>por <span class=\"_ _0\"></span>vencimientos<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2025 y 2024 es el sigu<span class=\"_ _1\"></span>iente: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>2026<span class=\"ls0\"> </span>237.447 136.893 2027<span class=\"ls0\"> </span>153.130 78.686 2028<span class=\"ls0\"> </span>64.988 112.163 2029<span class=\"ls0\"> </span>129.779 72.724 2030 y siguient<span class=\"_ _1\"></span>es 7<span class=\"ls3\">66</span>.750 624.226 Total 1.35<span class=\"ls0\">2.094 </span>1.024.692 A 31 de dici<span class=\"_ _1\"></span>embre de <span class=\"_ _1\"></span><span class=\"lsc\">20<span class=\"ls0\">25 y <span class=\"_ _1\"></span>2024, el Grup<span class=\"_ _1\"></span>o no ha incu<span class=\"_ _1\"></span>mplido ninguna de<span class=\"_ _6\"></span> sus obligaciones respect<span class=\"_ _1\"></span>o a </span></span>los <span class=\"_ _0\"></span>\u201c<span class=\"ff4\">Bonos <span class=\"_ _e\"></span>Proyecto</span>\u201d<span class=\"ff4\"> o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pr\u00e9stamos <span class=\"_ _e\"></span></span>\u201cProject <span class=\"_ _0\"></span><span class=\"ff4\">F</span>inance\u201d <span class=\"_ _0\"></span><span class=\"ff4\">que <span class=\"_ _0\"></span>derivar\u00edan <span class=\"_ _e\"></span>en <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>amortizaci\u00f3n <span class=\"_ _0\"></span>anticipada. </span>Los <span class=\"_ _0\"></span>mismos tienen <span class=\"_ _0\"></span>como garant\u00eda la <span class=\"_ _0\"></span>propia <span class=\"_ _0\"></span>planta <span class=\"_ _0\"></span>que financian <span class=\"_ _0\"></span>(Nota <span class=\"_ _0\"></span>7)<span class=\"ls10\">. <span class=\"_ _0\"></span></span>El <span class=\"_ _0\"></span>detall<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los mismos <span class=\"_ _0\"></span>al cierre del ejercici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> es el siguiente: <span class=\"ff8\"> </span>Solaria Casiopea,<span class=\"_ _1\"></span> S.A.<span class=\"ls32\">U.<span class=\"ls38\">: </span></span> Con <span class=\"_ _1\"></span>fecha <span class=\"_ _6\"></span>21 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>de 201<span class=\"_ _1\"></span>7, <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>sociedad S<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>laria <span class=\"_ _6\"></span>Casiopea, <span class=\"_ _6\"></span>S.A.U. <span class=\"ff7\">e<span class=\"_ _1\"></span>miti\u00f3 <span class=\"_ _6\"></span>un \u201cBon<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>Proyecto\u201d </span>por <span class=\"_ _e\"></span>importe <span class=\"_ _e\"></span>nominal <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>9.200 <span class=\"_ _b\"></span>miles <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>22,8 <span class=\"_ _0\"></span>a\u00f1o<span class=\"_ _0\"></span>s, <span class=\"_ _e\"></span>desembolsado <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>d\u00eda <span class=\"_ _e\"></span>22 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de<span class=\"_ _1\"></span> 2017. El bono de<span class=\"_ _1\"></span>venga un tip<span class=\"_ _1\"></span>o de inter\u00e9s del 4,1<span class=\"_ _1\"></span>5%, con liquidaciones<span class=\"_ _6\"></span> mensuales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x.  La realizaci\u00f3n de<span class=\"_ _1\"></span> Distribuciones contra la Cuen<span class=\"_ _6\"></span>ta de Disposici\u00f3n Restring<span class=\"_ _1\"></span>ida hasta el l\u00edmite<span class=\"_ _1\"></span> de su saldo y con carg<span class=\"_ _1\"></span>o al Periodo de Distrib<span class=\"_ _1\"></span>uci\u00f3n Rele<span class=\"_ _1\"></span>vante correspond<span class=\"_ _1\"></span>iente, estar\u00e1 s<span class=\"_ _1\"></span>ujeta al cumplimiento de las<span class=\"_ _1\"></span> siguientes c<span class=\"_ _1\"></span>ondiciones: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante;<span class=\"_ _38\"> </span> Que el Ratio de Cober<span class=\"_ _6\"></span>tura del Servicio de la Deuda s<span class=\"_ _1\"></span>ea como m\u00ednim<span class=\"_ _1\"></span>o 1,20x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>Cuenta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Reserva <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Deuda, <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Cuenta <span class=\"_ _0\"></span>Principal <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Cuenta <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Capex </span>est\u00e9n dotadas en sus <span class=\"_ _1\"></span>saldos m\u00ednimos; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _2b\"> </span>no <span class=\"_ _2b\"> </span>exis<span class=\"_ _1\"></span>tan <span class=\"_ _2b\"> </span>cantida<span class=\"_ _6\"></span>des <span class=\"_ _2b\"> </span>pendientes <span class=\"_ _2b\"> </span>de <span class=\"_ _2b\"> </span>p<span class=\"_ _1\"></span>ago <span class=\"_ _2b\"> </span>correspondien<span class=\"_ _1\"></span>tes <span class=\"_ _2b\"> </span>a <span class=\"_ _2b\"> </span>c<span class=\"_ _6\"></span>ualesquiera </span>amortizaciones anti<span class=\"_ _1\"></span>cipadas; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>haya <span class=\"_ _8\"> </span>produci<span class=\"_ _1\"></span>do, <span class=\"_ _8\"> </span>ni <span class=\"_ _8\"> </span>sea <span class=\"_ _8\"> </span>previsible <span class=\"_ _27\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>vaya <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>producir, <span class=\"_ _27\"> </span>un <span class=\"_ _8\"> </span>supuesto <span class=\"_ _8\"> </span>de </span>vencimiento anticip<span class=\"_ _1\"></span>ado; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que se haya comple<span class=\"_ _1\"></span>tado la fusi\u00f3n. </span>Globasol Villan<span class=\"_ _1\"></span>ueva 1, S.A.<span class=\"ls32\">U.</span>: Con <span class=\"_ _7\"> </span>fecha <span class=\"_ _7\"> </span>20 <span class=\"_ _5\"> </span>de <span class=\"_ _7\"></span>mayo <span class=\"_ _7\"> </span>de <span class=\"_ _7\"> </span>2016, <span class=\"_ _5\"> </span>Globasol <span class=\"_ _7\"></span>Villanueva <span class=\"_ _7\"></span>1, <span class=\"_ _7\"></span>S.A.<span class=\"ls32\">U.</span> <span class=\"_ _7\"> </span><span class=\"ff7\">em<span class=\"_ _0\"></span>iti\u00f3 <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>\u201cBono <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>Proyecto\u201d <span class=\"_ _7\"></span>por </span>importe nominal d<span class=\"_ _1\"></span>e 45.300 miles de eur<span class=\"_ _1\"></span>os a 20,7 a\u00f1os, dese<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bolsado por un importe neto de gas<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span> de <span class=\"_ _b\"></span>formalizaci<span class=\"_ _1\"></span>\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>43.438 <span class=\"_ _e\"></span>m<span class=\"_ _0\"></span>iles <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>euros <span class=\"_ _b\"></span>el <span class=\"_ _b\"></span>d\u00eda <span class=\"_ _b\"></span>25 <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ayo <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2016. <span class=\"_ _e\"></span>El <span class=\"_ _b\"></span>bono <span class=\"_ _e\"></span>devenga <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>tipo <span class=\"_ _e\"></span>de inter\u00e9s del 4,2<span class=\"_ _1\"></span>0%, con liquidaciones <span class=\"_ _1\"></span>mensuales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deuda; el<span class=\"_ _6\"></span> c<span class=\"_ _0\"></span>ual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>Ratio <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>Cobertura <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>Servicio<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>Deuda, <span class=\"_ _b\"></span>ev<span class=\"_ _0\"></span>idenciados <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>dicho <span class=\"_ _c\"></span>Certificado <span class=\"_ _b\"></span>de </span>Cumplimiento <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>Ratios <span class=\"_ _e\"></span>correspondiente <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>Periodo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Distribuci\u00f3n <span class=\"_ _b\"></span>Relevante <span class=\"_ _e\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>cargo <span class=\"_ _b\"></span>al cual se realice el pag<span class=\"_ _6\"></span>o se<span class=\"_ _0\"></span>a como <span class=\"_ _1\"></span>m\u00ednimo 1,20x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Cuenta <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>Reserva <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Servicio <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>Deuda <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>Cuenta <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Capex <span class=\"_ _b\"></span>est\u00e9n <span class=\"_ _b\"></span>to<span class=\"_ _0\"></span>talmente<span class=\"_ _1\"></span> </span>dotadas; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _2b\"> </span>no <span class=\"_ _2b\"> </span>exis<span class=\"_ _1\"></span>tan <span class=\"_ _2b\"> </span>cantida<span class=\"_ _6\"></span>des <span class=\"_ _2b\"> </span>pendientes <span class=\"_ _2b\"> </span>de <span class=\"_ _2b\"> </span>p<span class=\"_ _1\"></span>ago <span class=\"_ _2b\"> </span>correspondien<span class=\"_ _1\"></span>tes <span class=\"_ _2b\"> </span>a <span class=\"_ _2b\"> </span>c<span class=\"_ _6\"></span>ualesquiera </span>amortizaciones anti<span class=\"_ _1\"></span>cipadas;  - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>haya <span class=\"_ _8\"> </span>produci<span class=\"_ _1\"></span>do, <span class=\"_ _8\"> </span>ni <span class=\"_ _8\"> </span>sea <span class=\"_ _8\"> </span>previsible <span class=\"_ _27\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>vaya <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>producir, <span class=\"_ _27\"> </span>un <span class=\"_ _8\"> </span>supuesto <span class=\"_ _8\"> </span>de </span>vencimiento anticip<span class=\"_ _1\"></span>ado. Planta Solar Puer<span class=\"_ _1\"></span>tollano 6, S.A. Con <span class=\"_ _c\"></span>fecha <span class=\"_ _7\"></span>28 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>febrero <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>2017, <span class=\"_ _c\"></span>Planta <span class=\"_ _c\"></span>Solar <span class=\"_ _c\"></span>Puertollano <span class=\"_ _c\"></span>6, <span class=\"_ _c\"></span>S.A. <span class=\"_ _c\"></span>emiti\u00f3 <span class=\"_ _7\"></span>un <span class=\"_ _b\"></span>\u201cBono <span class=\"_ _7\"></span>Proyecto\u201d <span class=\"_ _c\"></span>por importe <span class=\"_ _0\"></span>nominal <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>45.100 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>20 <span class=\"_ _0\"></span>a\u00f1os. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>bono <span class=\"_ _0\"></span>devenga <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>tipo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _e\"></span>del <span class=\"_ _0\"></span>3,75%,<span class=\"_ _1\"></span> con liquidaciones <span class=\"_ _1\"></span>mensuales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a, el cual debe ser al<span class=\"_ _1\"></span> menos de 1,<span class=\"lsc\">05<span class=\"_ _1\"></span><span class=\"ls39\">x.<span class=\"ls0\"> </span></span></span>La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante, revisado por<span class=\"_ _1\"></span> el auditor; Que <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Ratio <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>Cobertura <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>Servicio <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>Deuda, <span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>idenciado <span class=\"_ _c\"></span>por <span class=\"_ _7\"> </span>dicho <span class=\"_ _7\"></span>Certificado <span class=\"_ _c\"></span>de Cumplimiento <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>Ratios <span class=\"_ _e\"></span>correspondiente <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>Periodo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Distribuci\u00f3n <span class=\"_ _b\"></span>Relevante <span class=\"_ _e\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>cargo <span class=\"_ _b\"></span>al cual se realice el pag<span class=\"_ _6\"></span>o se<span class=\"_ _0\"></span>a como <span class=\"_ _1\"></span>m\u00ednimo 1,20x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Cuenta <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>Reserva <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Servicio <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _b\"></span>Deuda <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>Cuenta <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Capex <span class=\"_ _b\"></span>est\u00e9n <span class=\"_ _b\"></span>to<span class=\"_ _0\"></span>talmente<span class=\"_ _1\"></span> </span>dotadas; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _2b\"> </span>no <span class=\"_ _2b\"> </span>exis<span class=\"_ _1\"></span>tan <span class=\"_ _2b\"> </span>cantida<span class=\"_ _6\"></span>des <span class=\"_ _2b\"> </span>pendientes <span class=\"_ _2b\"> </span>de <span class=\"_ _2b\"> </span>p<span class=\"_ _1\"></span>ago <span class=\"_ _2b\"> </span>correspondien<span class=\"_ _1\"></span>tes <span class=\"_ _2b\"> </span>a <span class=\"_ _2b\"> </span>c<span class=\"_ _6\"></span>ualesquiera </span>amortizaciones anti<span class=\"_ _1\"></span>cipadas;  - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>haya <span class=\"_ _8\"> </span>produci<span class=\"_ _1\"></span>do, <span class=\"_ _8\"> </span>ni <span class=\"_ _8\"> </span>sea <span class=\"_ _8\"> </span>previsible <span class=\"_ _27\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>vaya <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>producir, <span class=\"_ _27\"> </span>un <span class=\"_ _8\"> </span>supuesto <span class=\"_ _8\"> </span>de </span>vencimiento anticip<span class=\"_ _1\"></span>ado. Magacela Solar 1,<span class=\"_ _1\"></span> S.A. Con <span class=\"_ _c\"></span>fecha <span class=\"_ _7\"></span>24 <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>julio <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>2017, <span class=\"_ _7\"></span>Magacela <span class=\"_ _c\"></span>Solar <span class=\"_ _c\"></span>1, <span class=\"_ _7\"></span>S.A. <span class=\"_ _c\"></span><span class=\"ff7\">emiti\u00f3 <span class=\"_ _7\"></span>un <span class=\"_ _c\"></span>\u201cBono <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>Proyecto\u201d <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>importe </span>nominal <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>47.100 <span class=\"_ _6\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>desembolsado <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>d\u00eda <span class=\"_ _1\"></span>24 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>julio <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>2017. <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>bo<span class=\"_ _0\"></span>no <span class=\"_ _6\"></span>devenga<span class=\"_ _1\"></span> un tipo de inter\u00e9<span class=\"_ _1\"></span>s del 3,679%, con liqu<span class=\"_ _1\"></span>idaciones se<span class=\"_ _1\"></span>mestrales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que el <span class=\"_ _6\"></span>Ratio de <span class=\"_ _6\"></span>Cobertura d<span class=\"_ _1\"></span>el Servici<span class=\"_ _1\"></span>o de <span class=\"_ _6\"></span>la Deuda <span class=\"_ _6\"></span>(RCSD), evidenciad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s p<span class=\"_ _1\"></span>or dic<span class=\"_ _1\"></span>ho Certific<span class=\"_ _1\"></span>ado </span>de Cu<span class=\"_ _1\"></span>mplimiento <span class=\"_ _6\"></span>de Ratios<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>correspondiente <span class=\"_ _6\"></span>al Pe<span class=\"_ _1\"></span>riodo <span class=\"_ _6\"></span>de Distribuci<span class=\"_ _1\"></span>\u00f3n Rel<span class=\"_ _1\"></span>evante <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>n ca<span class=\"_ _6\"></span>rgo al<span class=\"_ _1\"></span> cual <span class=\"_ _6\"></span>se r<span class=\"_ _1\"></span>ealice <span class=\"_ _6\"></span>el pago<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>sea <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>m\u00ednimo <span class=\"_ _1\"></span>1,20x; <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>igual <span class=\"_ _6\"></span>forma, <span class=\"_ _6\"></span>el Ratio <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>Cobertura <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>vida del Bono debe ser<span class=\"_ _1\"></span> como m\u00ednimo 1,<span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>5x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que la Cuenta de Reserva del Servicio de la D<span class=\"_ _0\"></span>euda, la Cuenta Operati<span class=\"_ _1\"></span>va y <span class=\"_ _0\"></span>la Cuenta de Capex </span>est\u00e9n dotadas en sus <span class=\"_ _1\"></span>saldos m\u00ednimos; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _2b\"> </span>no <span class=\"_ _2b\"> </span>exis<span class=\"_ _1\"></span>tan <span class=\"_ _2b\"> </span>cantida<span class=\"_ _6\"></span>des <span class=\"_ _2b\"> </span>pendientes <span class=\"_ _2b\"> </span>de <span class=\"_ _2b\"> </span>p<span class=\"_ _1\"></span>ago <span class=\"_ _2b\"> </span>correspondien<span class=\"_ _1\"></span>tes <span class=\"_ _2b\"> </span>a <span class=\"_ _2b\"> </span>c<span class=\"_ _6\"></span>ualesquiera </span>amortizaciones anti<span class=\"_ _1\"></span>cipadas;  - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>no <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>haya <span class=\"_ _8\"> </span>produci<span class=\"_ _1\"></span>do, <span class=\"_ _8\"> </span>ni <span class=\"_ _8\"> </span>sea <span class=\"_ _8\"> </span>previsible <span class=\"_ _27\"> </span>que <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>vaya <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>producir, <span class=\"_ _27\"> </span>un <span class=\"_ _8\"> </span>supuesto <span class=\"_ _8\"> </span>de </span>vencimiento anticip<span class=\"_ _1\"></span>ado. Natelu, S.A. y Yarnel,<span class=\"_ _1\"></span> S.A.: Con <span class=\"_ _e\"></span>fecha <span class=\"_ _b\"></span>16 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>noviembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2020, <span class=\"_ _e\"></span>Yarnel, <span class=\"_ _e\"></span>S.A. <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>Natelu, <span class=\"_ _e\"></span>S.A. <span class=\"_ _b\"></span>firmaron <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>contrato <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>deuda <span class=\"_ _e\"></span>con MetLife Investment Management, LLC. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>importe<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>principal de Natelu <span class=\"_ _0\"></span>asciende<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a US$13 m<span class=\"_ _0\"></span>illones y el<span class=\"_ _38\"> </span> importe <span class=\"_ _1\"></span>principal <span class=\"_ _6\"></span>de Yarnel <span class=\"_ _6\"></span>asciende a US<span class=\"_ _1\"></span>$14 <span class=\"_ _1\"></span>millones. <span class=\"_ _6\"></span>El paquete <span class=\"_ _1\"></span>de refinan<span class=\"_ _1\"></span>ciaci\u00f3n <span class=\"_ _1\"></span>tiene un<span class=\"_ _1\"></span> plaz<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>e 20 a\u00f1os.<span class=\"_ _38\"> </span>  Los contrat<span class=\"_ _1\"></span>os de<span class=\"_ _1\"></span> emisi<span class=\"_ _1\"></span>\u00f3n estipu<span class=\"_ _1\"></span>lan la a<span class=\"_ _6\"></span>mortizaci\u00f3n anticip<span class=\"_ _1\"></span>ada en <span class=\"_ _6\"></span>caso de <span class=\"_ _1\"></span>incumplimient<span class=\"_ _1\"></span>o del <span class=\"_ _6\"></span>Ratio de cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,15x.<span class=\"_ _38\"> </span> <span class=\"_ _1\"></span> Solaria Lyra, S.r.l.: Con fecha 14 de febrero <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> 2019, <span class=\"_ _0\"></span>el Grupo <span class=\"_ _0\"></span>refinanci\u00f3<span class=\"_ _1\"></span> su cartera de <span class=\"_ _0\"></span>proyectos en Italia a trav\u00e9s de un Project Finance formalizado con Banco <span class=\"_ _0\"></span>Santander por importe <span class=\"_ _0\"></span>de 52.172 miles de <span class=\"_ _0\"></span>euros a 11,2 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _1\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>devenga <span class=\"_ _6\"></span>un tipo <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _6\"></span>de Eurib<span class=\"_ _1\"></span>or <span class=\"_ _6\"></span>3 mes<span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>+ 2,50%, <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>liquidaciones <span class=\"_ _6\"></span>trimestrales, incluyendo un derivad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de tipo de inter\u00e9<span class=\"_ _1\"></span>s.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Ratio <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>Cobertura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Deuda <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>RCSD <span class=\"_ _e\"></span>Proyectado, <span class=\"_ _e\"></span>evidenciad<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,2<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>haya <span class=\"_ _0\"></span>saldos <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pago <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>cuanto <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>la financiaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Cuenta de <span class=\"_ _0\"></span>Reserva <span class=\"_ _0\"></span>al </span>Servicio de la Deud<span class=\"_ _1\"></span>a; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que la cuenta de Mant<span class=\"_ _6\"></span>enimiento est\u00e9 dotada por<span class=\"_ _1\"></span> el importe exig<span class=\"_ _1\"></span>ido; </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o. </span>CFV Triangulum Aus<span class=\"_ _1\"></span>trale, <span class=\"ls3a\">S.<span class=\"ls3b\">L.</span></span> Con <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>18 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>julio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2019, <span class=\"_ _b\"></span>CFV <span class=\"_ _b\"></span>Triangulum <span class=\"_ _b\"></span>Australe, <span class=\"_ _e\"></span>S.L. <span class=\"_ _c\"></span>financi\u00f3 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promoci\u00f3n, <span class=\"_ _e\"></span>construcci\u00f3n <span class=\"_ _e\"></span>y desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>8 <span class=\"_ _e\"></span>proyectos en <span class=\"_ _e\"></span>Espa\u00f1a <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>Project <span class=\"_ _e\"></span>Finance <span class=\"_ _0\"></span>formalizado <span class=\"_ _0\"></span>con <span class=\"_ _e\"></span>Natixis <span class=\"_ _0\"></span>S.A<span class=\"_ _0\"></span>. <span class=\"_ _e\"></span>por importe de <span class=\"_ _6\"></span>132.570 miles d<span class=\"_ _6\"></span>e euros a <span class=\"lsf\">15</span> a\u00f1os. <span class=\"_ _1\"></span>La financiaci<span class=\"_ _1\"></span>\u00f3n devenga <span class=\"_ _1\"></span>un tipo <span class=\"_ _6\"></span>de inter\u00e9s de m<span class=\"_ _1\"></span>ercado<span class=\"ls27\">, </span>con liquidaciones s<span class=\"_ _1\"></span>emestrales, incluy<span class=\"_ _1\"></span>endo un derivad<span class=\"_ _1\"></span>o de tipo de inter\u00e9s.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ratio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Cobertura del <span class=\"_ _e\"></span>Servicio de <span class=\"_ _e\"></span>la D<span class=\"_ _0\"></span>euda Hist\u00f3rico <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Proyectado, <span class=\"_ _0\"></span>evidenciados por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,1<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que se est\u00e9 cumpliend<span class=\"_ _1\"></span>o con un ratio d<span class=\"_ _1\"></span>e deuda-equity <span class=\"_ _1\"></span>no superior a 75%;<span class=\"_ _38\"> </span></span><span class=\"ff4\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que la<span class=\"_ _6\"></span> cuenta <span class=\"_ _6\"></span>de Manteni<span class=\"_ _1\"></span>miento <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> la<span class=\"_ _6\"></span> Cuenta <span class=\"_ _6\"></span>de Rese<span class=\"_ _1\"></span>rva al<span class=\"_ _6\"></span> Servicio <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>deuda e<span class=\"_ _6\"></span>st\u00e9<span class=\"_ _0\"></span>n d<span class=\"_ _6\"></span>otadas </span>por el importe exigid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o.<span class=\"_ _38\"> </span></span>V\u00eda<span class=\"ls0\"> L\u00e1ctea Fotovoltaica, <span class=\"_ _1\"></span><span class=\"ls3d\">S.<span class=\"ls3e\">L.<span class=\"ls0\"> </span></span></span></span>Con fecha 1<span class=\"_ _1\"></span>2 de novie<span class=\"_ _1\"></span>mbre de 201<span class=\"_ _1\"></span>9, <span class=\"ls3c\">V\u00eda</span> Lactea Fo<span class=\"_ _1\"></span>tovoltaica,<span class=\"_ _1\"></span> S.L. financi\u00f3 la pr<span class=\"_ _6\"></span>omoci\u00f3n, construcci\u00f3n<span class=\"_ _1\"></span> y <span class=\"_ _7\"> </span>desarrollo <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>4 <span class=\"_ _5\"> </span>proyect<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>en <span class=\"_ _7\"></span>Espa\u00f1a <span class=\"_ _7\"> </span>a <span class=\"_ _5\"> </span>trav\u00e9s <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>un <span class=\"_ _7\"></span>Project <span class=\"_ _5\"> </span>Finance <span class=\"_ _7\"></span>formalizad<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>con <span class=\"_ _7\"> </span>Banco <span class=\"_ _5\"> </span>de Sabadell <span class=\"_ _b\"></span>S.A. <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>importe <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>57.000 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>iles <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>euros <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>16 <span class=\"_ _c\"></span>a\u00f1os. <span class=\"_ _b\"></span>La <span class=\"_ _c\"></span>financiaci\u00f3n <span class=\"_ _b\"></span>devenga <span class=\"_ _b\"></span>un <span class=\"_ _c\"></span>tipo <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> inter\u00e9s de mercad<span class=\"_ _1\"></span>o con liquidaciones s<span class=\"_ _1\"></span>emestrales, inc<span class=\"_ _1\"></span>luyendo un derivad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de tipo de inter\u00e9s.<span class=\"_ _1\"></span>  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ratio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Cobertura del <span class=\"_ _e\"></span>Servicio de <span class=\"_ _e\"></span>la D<span class=\"_ _0\"></span>euda Hist\u00f3rico <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Proyectado, <span class=\"_ _0\"></span>evidenciados por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,2<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o. </span>Andr\u00f3meda Fotovoltaica<span class=\"_ _1\"></span>, S.L. Con <span class=\"_ _b\"></span>fecha <span class=\"_ _e\"></span>1 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>enero <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>2020<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>Andr\u00f3meda <span class=\"_ _e\"></span>Fotovoltaica, <span class=\"_ _e\"></span>S.L. <span class=\"_ _b\"></span>financi\u00f3 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promoci\u00f3n, <span class=\"_ _e\"></span>construcci\u00f3n <span class=\"_ _e\"></span>y desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>3 pr<span class=\"_ _1\"></span>oyectos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Espa\u00f1a a<span class=\"_ _6\"></span> trav\u00e9s<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>Project Fi<span class=\"_ _1\"></span>nance <span class=\"_ _6\"></span>formalizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el ban<span class=\"_ _1\"></span>co <span class=\"_ _6\"></span>BayernLB por importe de<span class=\"_ _1\"></span> 51.500 miles de eur<span class=\"_ _1\"></span>os a 15 a\u00f1os.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x.  Corona Borealis Fotovol<span class=\"_ _1\"></span>taica, S.L.U. Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _13\"> </span>25 <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>marzo <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>2021, <span class=\"_ _13\"> </span>Corona <span class=\"_ _13\"> </span>Borealis<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>Fotovoltaica, <span class=\"_ _13\"> </span>S.L.U, <span class=\"_ _13\"> </span>financi\u00f3 <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>promoci\u00f3n,<span class=\"_ _1\"></span> construcci\u00f3n <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>desarrollo <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>7 <span class=\"_ _b\"></span>proyectos <span class=\"_ _0\"></span>en <span class=\"_ _b\"></span>Espa\u00f1a, <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>partir <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>Project <span class=\"_ _e\"></span>Finance <span class=\"_ _e\"></span>formalizado <span class=\"_ _e\"></span>con Natixis <span class=\"_ _1\"></span>S.A., <span class=\"_ _1\"></span>European In<span class=\"_ _1\"></span>vestment <span class=\"_ _1\"></span>Bank y <span class=\"_ _6\"></span>AG Insuranc<span class=\"_ _1\"></span>e, S.A.<span class=\"_ _1\"></span> por <span class=\"_ _6\"></span>impo<span class=\"_ _0\"></span>rte <span class=\"_ _6\"></span>m\u00e1ximo <span class=\"_ _1\"></span>de 115.4<span class=\"_ _1\"></span>89 miles <span class=\"_ _6\"></span>de euros a 9 a\u00f1os. La financiac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>devenga un tip<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de inter\u00e9s de me<span class=\"_ _1\"></span>rcado, con liquid<span class=\"_ _1\"></span>aciones mensuales<span class=\"ls10\">. </span> El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>d<span class=\"_ _38\"> </span>el <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"lsc\">05<span class=\"_ _1\"></span><span class=\"ls39\">x.<span class=\"ls0\"> </span></span></span>La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que se haya producid<span class=\"_ _1\"></span>o al menos el<span class=\"_ _1\"></span> primer reembols<span class=\"_ _1\"></span>o del importe pri<span class=\"_ _1\"></span>ncipal; </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>haya <span class=\"_ _10\"></span>producido <span class=\"_ _6\"></span>ning\u00fan <span class=\"_ _10\"></span>incumplimiento <span class=\"_ _10\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>evento <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>incumplimiento <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>momento<span class=\"_ _1\"></span> </span>de, o como resultad<span class=\"_ _1\"></span>o de la distribuci\u00f3n propu<span class=\"_ _1\"></span>esta; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _3\"> </span>el <span class=\"_ _3\"> </span>certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cumplimiento <span class=\"_ _5\"> </span>con  re<span class=\"_ _1\"></span>specto <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>la <span class=\"_ _3\"> </span>fecha <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>prueba <span class=\"_ _3\"> </span>inmediatam<span class=\"_ _1\"></span>ente </span>anterior <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>D<span class=\"_ _0\"></span>istribuci\u00f3n <span class=\"_ _e\"></span>propuesta <span class=\"_ _e\"></span>demuestra <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>DSCR <span class=\"_ _b\"></span>es <span class=\"_ _b\"></span>igual <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>superior <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>1,<span class=\"_ _0\"></span><span class=\"lsc\">10</span>x <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>el DSCR Proyectado es<span class=\"_ _1\"></span> superior a 1,<span class=\"_ _1\"></span>10x;<span class=\"_ _38\"> </span> Que haya import<span class=\"_ _1\"></span>es pendientes en virtud del<span class=\"_ _6\"></span> acuerdo de financiaci\u00f3n DSR.  Prodigy Orbit, LDA.<span class=\"_ _1\"></span> Con <span class=\"_ _3\"> </span>fecha <span class=\"_ _5\"> </span>9 <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>agost<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>2021 <span class=\"_ _3\"> </span>Prodigy <span class=\"_ _5\"> </span>Orbit,  L<span class=\"_ _1\"></span>DA <span class=\"_ _3\"> </span>financi\u00f3 <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>estudio, <span class=\"_ _5\"> </span>dise\u00f1o, <span class=\"_ _3\"> </span>implem<span class=\"_ _1\"></span>entaci\u00f3n, desarrollo y manteni<span class=\"_ _1\"></span>miento de 4 plantas en Portugal a trav\u00e9s de un <span class=\"_ _0\"></span>Bono formal<span class=\"_ _1\"></span>izado con La Banque Postale, S.A. por i<span class=\"_ _1\"></span>mporte 21.800 mile<span class=\"_ _1\"></span>s de euros hasta el 3<span class=\"_ _1\"></span>1 de diciembre de<span class=\"_ _1\"></span> 2032. La realizaci<span class=\"_ _1\"></span>\u00f3n de dis<span class=\"_ _1\"></span>tribuciones c<span class=\"_ _1\"></span>ontra la <span class=\"_ _1\"></span>Cuenta d<span class=\"_ _1\"></span>e Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida hasta<span class=\"_ _1\"></span> el l\u00edmi<span class=\"_ _1\"></span>te de <span class=\"_ _1\"></span>su sald<span class=\"_ _1\"></span>o y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _1c\"> </span><span class=\"ff4\">El Prestatari<span class=\"_ _1\"></span>o se compr<span class=\"_ _1\"></span>omete a mantener<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>n todo<span class=\"_ _1\"></span> momento duran<span class=\"_ _1\"></span>te la <span class=\"_ _1\"></span>vigencia del<span class=\"_ _1\"></span> presente </span>Contrato un ADSCR igu<span class=\"_ _1\"></span>al o superior a<span class=\"_ _1\"></span> 1,05x; - <span class=\"_ _1c\"> </span><span class=\"ff4\">Dentro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>Distribuciones perm<span class=\"_ _0\"></span>itidas <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>detalla cualquier <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>istribuci\u00f3n realizada <span class=\"_ _0\"></span>dentro <span class=\"_ _0\"></span>de </span>los <span class=\"_ _27\"> </span>30 <span class=\"_ _8\"> </span>d\u00edas <span class=\"_ _8\"> </span>siguientes  a <span class=\"_ _27\"> </span>cada <span class=\"_ _8\"> </span>Fecha <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>C\u00e1lculo <span class=\"_ _27\"> </span>mediante <span class=\"_ _8\"> </span>transferenci<span class=\"_ _1\"></span>a <span class=\"_ _8\"> </span>a <span class=\"_ _27\"> </span>la <span class=\"_ _8\"> </span>Cuenta <span class=\"_ _27\"> </span>de Distribuciones) y si<span class=\"_ _1\"></span>empre qu<span class=\"_ _1\"></span>e se cumplan todas las c<span class=\"_ _1\"></span>ondiciones siguient<span class=\"_ _1\"></span>es: (i<span class=\"ls0\">) <span class=\"_ _2c\"> </span>que <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>haya <span class=\"_ _c\"></span>efectuado <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>reembolso <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>pri<span class=\"_ _1\"></span>mera <span class=\"_ _c\"></span>Amortizaci\u00f3n <span class=\"_ _c\"></span>Programada <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>los </span>Bonos Senior y de l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s Bonos IVA; (ii)<span class=\"ff2 fs1\"> <span class=\"_ _2d\"> </span></span>que se haya producid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> la Fecha de Finalizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n de todas las <span class=\"_ _1\"></span>Plantas Solares (iii)<span class=\"ff2 fs1\"> <span class=\"_ _1f\"> </span></span>el ADSCR del Periodo de C\u00e1<span class=\"_ _6\"></span>lculo anterior ha sido de al men<span class=\"_ _1\"></span>os 1,10x; (iv)<span class=\"ff2 fs1\"> <span class=\"_ _1f\"> </span></span>no hay <span class=\"_ _0\"></span>imp<span class=\"_ _1\"></span>ortes pendiente<span class=\"_ _1\"></span>s de pago bajo el DSRF (v<span class=\"ls0\">) <span class=\"_ _2e\"> </span>la <span class=\"_ _c\"></span>Cuenta <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>Reserva <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>Mantenimiento <span class=\"_ _c\"></span>est\u00e1 <span class=\"_ _c\"></span>totalmente <span class=\"_ _b\"></span>financiada <span class=\"_ _c\"></span>con <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>Cantidad </span>Requerida de Mant<span class=\"_ _1\"></span>enimiento (vi) <span class=\"_ _2f\"> </span>no se ha producid<span class=\"_ _6\"></span>o y contin\u00faa ning\u00fan<span class=\"_ _1\"></span> Evento de Incumpli<span class=\"_ _1\"></span>miento Potencial<span class=\"_ _6\"></span> o Evento de<span class=\"_ _1\"></span> Incumplimiento co<span class=\"_ _1\"></span>mo resultado de dich<span class=\"_ _1\"></span>a Distribuci\u00f3n (vii)<span class=\"ff2 fs1\"> <span class=\"_ _30\"> </span></span>no se <span class=\"_ _1\"></span>ha reali<span class=\"_ _1\"></span>zado ningun<span class=\"_ _1\"></span>a Cesi\u00f3n <span class=\"_ _1\"></span>de Capital<span class=\"_ _6\"></span> en los <span class=\"_ _1\"></span>\u00faltimos <span class=\"_ _1\"></span>12 m<span class=\"_ _1\"></span>eses de <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>con la<span class=\"_ _6\"></span> Cl\u00e1usula 28; (viii)<span class=\"ff2 fs1\"> <span class=\"_ _2b\"> </span></span>se <span class=\"_ _e\"></span>han <span class=\"_ _e\"></span>entregado <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>estados <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>correspondientes <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Periodo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>C\u00e1lculo <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>\u00e1s<span class=\"_ _1\"></span> reciente, junto c<span class=\"_ _1\"></span>on la informaci<span class=\"_ _1\"></span>\u00f3n financiera requerid<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span> (ix)<span class=\"ff2 fs1\"> <span class=\"_ _2f\"> </span></span>se ha entregado<span class=\"_ _1\"></span> al Agente un<span class=\"_ _1\"></span> Certificado de Conf<span class=\"_ _1\"></span>ormidad;<span class=\"ff8\"> </span>Kraken Solar, S.<span class=\"_ _1\"></span>L.U. Con  fecha <span class=\"_ _5\"> </span>30<span class=\"_ _0\"></span>  de <span class=\"_ _3\"> </span>diciemb<span class=\"_ _1\"></span>re  de <span class=\"_ _3\"> </span>2021, <span class=\"_ _3\"> </span>Kraken <span class=\"_ _3\"> </span>Solar, <span class=\"_ _3\"> </span>S.L.U.  financi\u00f3 <span class=\"_ _3\"> </span>la  pro<span class=\"_ _1\"></span>moci\u00f3n, <span class=\"_ _3\"> </span>construcci\u00f3n <span class=\"_ _3\"> </span>y desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>3 <span class=\"_ _1\"></span>proyect<span class=\"_ _1\"></span>os a <span class=\"_ _10\"></span>trav\u00e9s de <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>Credit <span class=\"_ _1\"></span>Facility <span class=\"_ _6\"></span>Agreement <span class=\"_ _6\"></span>formalizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>La Banque <span class=\"_ _10\"></span>Po<span class=\"_ _0\"></span>stale,<span class=\"_ _1\"></span> S.A. <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>importe de <span class=\"_ _0\"></span>87.940 m<span class=\"_ _0\"></span>iles de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a 1<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _e\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>devenga <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>que resulta d<span class=\"_ _1\"></span>e la <span class=\"_ _1\"></span>suma <span class=\"_ _1\"></span>de d<span class=\"_ _1\"></span>os tipos <span class=\"_ _1\"></span>de int<span class=\"_ _6\"></span>er\u00e9s aplicable:<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>margen destinad<span class=\"_ _1\"></span>o a c<span class=\"_ _6\"></span>ada periodo <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> el <span class=\"_ _6\"></span>EURIBOR aplicable <span class=\"_ _0\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>per\u00edodo <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _e\"></span>correspondiente. <span class=\"_ _0\"></span>El <span class=\"_ _e\"></span>tipo <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>inter\u00e9s <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>ir\u00e1 <span class=\"_ _e\"></span>liquidando <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>manera semestral. El contrato de emi<span class=\"_ _1\"></span>si\u00f3n estipu<span class=\"_ _1\"></span>la la amortizaci\u00f3n antici<span class=\"_ _1\"></span>pada en caso de incu<span class=\"_ _1\"></span>mplimiento del Rati<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x. La realizaci\u00f3n de<span class=\"_ _1\"></span> distribuciones contra<span class=\"_ _1\"></span> la Cuenta de D<span class=\"_ _1\"></span>isposici\u00f3n Restring<span class=\"_ _1\"></span>ida hasta el l\u00ed<span class=\"_ _1\"></span>mite de su saldo y con carg<span class=\"_ _1\"></span>o al Periodo de Distrib<span class=\"_ _1\"></span>uci\u00f3n Rele<span class=\"_ _1\"></span>vante correspond<span class=\"_ _1\"></span>iente, estar\u00e1 s<span class=\"_ _1\"></span>ujeta al cumplimiento de las<span class=\"_ _1\"></span> siguientes c<span class=\"_ _1\"></span>ondiciones:<span class=\"_ _38\"> </span> Al menos se ha pr<span class=\"_ _1\"></span>oducido el primer re<span class=\"_ _1\"></span>embolso del im<span class=\"_ _1\"></span>porte principal; - <span class=\"_ _1c\"> </span><span class=\"ff4\">No <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>producido <span class=\"_ _e\"></span>ning\u00fan <span class=\"_ _e\"></span>valo<span class=\"_ _0\"></span>r <span class=\"_ _e\"></span>predeterminado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>incumplimiento <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>puede <span class=\"_ _e\"></span>ocurrir <span class=\"_ _b\"></span>como </span>resultado de la Distribu<span class=\"_ _1\"></span>ci\u00f3n propuesta<span class=\"_ _6\"></span>; - <span class=\"_ _1c\"> </span><span class=\"ff4\">El <span class=\"_ _0\"></span>Certificado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Conformidad con <span class=\"_ _e\"></span>respecto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>fecha de <span class=\"_ _e\"></span>prueba <span class=\"_ _0\"></span>inmediatamente anterior <span class=\"_ _0\"></span>a </span>la distribuci\u00f3n pr<span class=\"_ _1\"></span>opuesta que demuestr<span class=\"_ _1\"></span>e que: (i)<span class=\"ff2\"> <span class=\"_ _31\"> </span></span>El DCSR es igual o supe<span class=\"_ _6\"></span>rior a 1<span class=\"_ _0\"></span>,10x; y<span class=\"_ _1\"></span><span class=\"fs1\"> </span>(ii)<span class=\"ff2\"> <span class=\"_ _2a\"> </span></span>El DCSR Proyectad<span class=\"_ _1\"></span>o es superior a 1,<span class=\"_ _1\"></span>10x - <span class=\"_ _1c\"> </span><span class=\"ff4\">No hay cantidades p<span class=\"_ _1\"></span>endientes en<span class=\"_ _1\"></span> el marco del M<span class=\"_ _1\"></span>ecanismo DSR. </span>Adhara Solar Fotovol<span class=\"_ _1\"></span>taica, S.L.U. Con <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>junio <span class=\"_ _0\"></span>de 2022, <span class=\"_ _e\"></span>Adhara Solar, <span class=\"_ _e\"></span>S.L.U. <span class=\"_ _0\"></span>financi\u00f3 <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>promoci\u00f3n, construcci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>desarrollo de <span class=\"_ _1d\"> </span>15 <span class=\"_ _32\"> </span>proyect<span class=\"_ _1\"></span>os <span class=\"_ _32\"> </span>fot<span class=\"_ _1\"></span>ovoltaicos <span class=\"_ _1d\"> </span>a <span class=\"_ _32\"> </span>trav<span class=\"_ _1\"></span>\u00e9s <span class=\"_ _32\"> </span>d<span class=\"_ _1\"></span>e <span class=\"_ _32\"> </span>un <span class=\"_ _16\"> </span>Credit <span class=\"_ _32\"> </span>Facility <span class=\"_ _1d\"> </span>Agreemen<span class=\"_ _1\"></span>t <span class=\"_ _32\"> </span>formaliz<span class=\"_ _1\"></span>ado <span class=\"_ _1d\"> </span>con COMMERZBANK <span class=\"_ _c\"></span>AKTIENGE<span class=\"_ _1\"></span>SELLSCHAFT, <span class=\"_ _c\"></span>ABN <span class=\"_ _c\"></span>AMRO <span class=\"_ _c\"></span>Bank <span class=\"_ _b\"></span>N.V <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>Banco <span class=\"_ _c\"></span>Europeo <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>Inversiones <span class=\"_ _b\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> importe de <span class=\"_ _0\"></span>371.946 miles de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a 16 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _0\"></span>financiaci\u00f3n devenga <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de inter\u00e9s <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span> de <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>suma <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>dos <span class=\"_ _5\"> </span>tipos <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>inter\u00e9s <span class=\"_ _7\"></span>aplicable: <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>margen <span class=\"_ _7\"> </span>destinado <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>cada <span class=\"_ _5\"> </span>periodo <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>EURIBOR<span class=\"_ _1\"></span> aplicable para el<span class=\"_ _1\"></span> per\u00edodo de inter<span class=\"_ _1\"></span>\u00e9s correspondient<span class=\"_ _1\"></span>e, con liquidaciones sem<span class=\"_ _1\"></span>estral<span class=\"lsd\">es</span>.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x.  Hydra Solar, S.L.U.<span class=\"_ _6\"></span> Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _13\"> </span>21 <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>diciem<span class=\"_ _1\"></span>bre <span class=\"_ _13\"> </span>de <span class=\"_ _12\"> </span>2022, <span class=\"_ _13\"> </span>Hydra <span class=\"_ _12\"> </span>Fotovoltaica <span class=\"_ _13\"> </span>Solar, <span class=\"_ _13\"> </span>S.L.U. <span class=\"_ _12\"> </span>financi\u00f3 <span class=\"_ _12\"> </span>la <span class=\"_ _13\"> </span>promoci\u00f3n, construcci\u00f3n <span class=\"_ _5\"> </span>y  desarr<span class=\"_ _1\"></span>ollo <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>4 <span class=\"_ _3\"> </span>proyectos <span class=\"_ _3\"> </span>fotov<span class=\"_ _1\"></span>oltaicos <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>trav\u00e9s <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>un <span class=\"_ _3\"> </span>Credit<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Facility <span class=\"_ _3\"> </span>Agreement<span class=\"_ _1\"></span> formalizado <span class=\"_ _3\"> </span>con  Ban<span class=\"_ _1\"></span>co  d<span class=\"_ _1\"></span>e <span class=\"_ _3\"> </span>Sabadell,  <span class=\"ls3f\">S.A</span>. <span class=\"_ _3\"> </span>por  imp<span class=\"_ _1\"></span>orte  de <span class=\"_ _3\"> </span>132.890 <span class=\"_ _5\"> </span>miles  de <span class=\"_ _3\"> </span>euros  a <span class=\"_ _3\"> </span>16 <span class=\"_ _3\"> </span>a\u00f1os. <span class=\"_ _3\"> </span>La financiaci\u00f3n <span class=\"_ _e\"></span>devenga <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>resulta <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>suma <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>dos <span class=\"_ _e\"></span>tipos <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>inter\u00e9s <span class=\"_ _e\"></span>aplicable: <span class=\"_ _0\"></span>el margen destinado a cada periodo y el EURIBOR aplica<span class=\"_ _1\"></span>ble para el per\u00edodo de inter\u00e9s correspondiente<span class=\"ls27\">, </span>con liquidaciones s<span class=\"_ _1\"></span>emestrales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,05x.   Serpens Solar, <span class=\"_ _1\"></span>S.L.U. Con <span class=\"_ _7\"></span>fecha <span class=\"_ _7\"></span>21 <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>septiemb<span class=\"_ _1\"></span>re <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>2023, <span class=\"_ _7\"></span>Serpens <span class=\"_ _7\"></span>Solar,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>S.L.U. <span class=\"_ _5\"> </span>financi\u00f3 <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>promoci<span class=\"_ _1\"></span>\u00f3n, <span class=\"_ _7\"></span>construcci\u00f3n <span class=\"_ _c\"></span>y desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>15 <span class=\"_ _0\"></span>proyectos fo<span class=\"_ _0\"></span>tovoltaicos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>Common <span class=\"_ _0\"></span>Terms <span class=\"_ _0\"></span>Agreement <span class=\"_ _0\"></span>formalizado <span class=\"_ _0\"></span>con Banco <span class=\"_ _b\"></span>Santander, <span class=\"_ _e\"></span>S.A. <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>Banco <span class=\"_ _b\"></span>Europeo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Inversion<span class=\"_ _6\"></span>es <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>importe <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>305.850 <span class=\"_ _e\"></span>miles <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>euros <span class=\"_ _b\"></span>con vencimiento legal el 31 <span class=\"_ _0\"></span>de diciembre de 2031. La financiaci\u00f3n devenga un <span class=\"_ _0\"></span>tipo de inter\u00e9s que <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span> de <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>suma <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>dos <span class=\"_ _5\"> </span>tipos <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>inter\u00e9s <span class=\"_ _7\"></span>aplicable: <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>margen <span class=\"_ _7\"> </span>destinado <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>cada <span class=\"_ _5\"> </span>periodo <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>EURIBOR<span class=\"_ _1\"></span> aplicable para el<span class=\"_ _1\"></span> per\u00edodo de inter\u00e9s c<span class=\"_ _1\"></span>orrespondiente, <span class=\"_ _1\"></span>con liquidaciones sem<span class=\"_ _1\"></span>estrales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>servicio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>deuda; <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>cual <span class=\"_ _e\"></span>debe <span class=\"_ _e\"></span>ser <span class=\"_ _0\"></span>al <span class=\"_ _e\"></span>menos <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>1,05x. <span class=\"_ _b\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2025<span class=\"ls27\">, </span>conforme a lo pr<span class=\"_ _1\"></span>evisto en los t\u00e9r<span class=\"_ _1\"></span>minos y condici<span class=\"_ _1\"></span>ones de la emisi<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n, el cu<span class=\"_ _1\"></span>mplimiento de dich<span class=\"_ _1\"></span>o ratio se<span class=\"_ _1\"></span> encuentra exento<span class=\"_ _38\"> </span>.<span class=\"_ _1\"></span> Sagitta Solar, S.L<span class=\"ls10\">.U</span> Con fecha 6 de octubre<span class=\"_ _6\"></span> de 2025, Sagitta Solar, S.<span class=\"_ _1\"></span>L.U. formaliz\u00f3 un Facili<span class=\"_ _6\"></span>ty<span class=\"_ _0\"></span> Agree<span class=\"_ _1\"></span>ment con el Banco de Sabadell, <span class=\"_ _c\"></span>S.A. <span class=\"_ _7\"></span>y <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Instituto <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>Cr\u00e9dito <span class=\"_ _c\"></span>Oficial, <span class=\"_ _7\"></span>E.P.E., <span class=\"_ _c\"></span>destinado <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>financiaci\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>sus <span class=\"_ _c\"></span>proyectos fotovoltaicos, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>total <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>89.5<span class=\"lsf\">00</span> <span class=\"_ _e\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cuales <span class=\"_ _0\"></span>23.607 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _0\"></span>se encontraban des<span class=\"_ _1\"></span>embolsados a <span class=\"_ _6\"></span>31 de diciembre d<span class=\"_ _1\"></span>e 2025. <span class=\"_ _1\"></span>La financia<span class=\"_ _1\"></span>ci\u00f3n tiene v<span class=\"_ _1\"></span>encimiento <span class=\"_ _1\"></span>legal el <span class=\"_ _1\"></span>30 de junio <span class=\"_ _0\"></span>de 2046 y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>deveng<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de inter\u00e9s que <span class=\"_ _0\"></span>resulta de <span class=\"_ _0\"></span>la suma del <span class=\"_ _0\"></span>margen aplicable, fijado en el 1,70%, y el<span class=\"_ _1\"></span> EURIBOR correspond<span class=\"_ _1\"></span>iente al per\u00edod<span class=\"_ _1\"></span>o de inter\u00e9s, con liquid<span class=\"_ _1\"></span>aciones sem<span class=\"_ _1\"></span>estrales. El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> Cobertura <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Servicio <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Deuda; <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>cual <span class=\"_ _0\"></span>debe <span class=\"_ _e\"></span>ser <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _e\"></span>del 1<span class=\"_ _0\"></span>,05x. <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025, conforme a lo pr<span class=\"_ _1\"></span>evisto en los t\u00e9r<span class=\"_ _1\"></span>minos y condici<span class=\"_ _1\"></span>ones de la emisi\u00f3n, <span class=\"_ _1\"></span>el cumplimie<span class=\"_ _6\"></span>nto<span class=\"_ _0\"></span> de dicho rati<span class=\"_ _1\"></span>o se encuentra exento.<span class=\"_ _1\"></span><span class=\"ff8\"> </span>Obligacion<span class=\"_ _1\"></span>es y otros valores negociab<span class=\"_ _1\"></span>les Con <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>15 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>diciembre<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Sociedad <span class=\"_ _e\"></span>dominante <span class=\"_ _b\"></span>llev\u00f3 <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>cabo <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagar\u00e9s <span class=\"_ _b\"></span>al Mercado <span class=\"_ _7\"></span>Alterna<span class=\"_ _1\"></span>tivo <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>Renta <span class=\"_ _7\"></span>Fija <span class=\"_ _7\"></span>(MARF)<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>con <span class=\"_ _c\"></span>un <span class=\"_ _7\"></span>saldo <span class=\"_ _7\"></span>vivo <span class=\"_ _c\"></span>m\u00e1ximo <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>200.000 <span class=\"_ _c\"></span>miles <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>euros.<span class=\"_ _1\"></span> Devenga <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>fijo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>mercado. <span class=\"_ _b\"></span>A <span class=\"_ _e\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _0\"></span>5 <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>importe <span class=\"_ _e\"></span>asciend\u00eda <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>400 miles de euros.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-393": {
   "value": "14<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Deudas con entidad<span class=\"_ _1\"></span>es de cr\u00e9dito y obligac<span class=\"_ _1\"></span>iones y otro<span class=\"_ _1\"></span>s valores negociables La composici\u00f3n de<span class=\"_ _1\"></span> estos pasivos financier<span class=\"_ _1\"></span>os a 31 de diciembr<span class=\"_ _1\"></span>e de 2025 y 2024 es <span class=\"_ _1\"></span><span class=\"lsb\">la<span class=\"ls0\"> siguiente: </span></span>(Miles de euros) Corriente No corriente Total Ejercicio 2025: Deudas con <span class=\"_ _1\"></span>entidades de cr\u00e9di<span class=\"_ _1\"></span>to 88.668 1.<span class=\"ls0\">0</span>01<span class=\"ls0\">.474 </span>1.090.142 Gastos de<span class=\"_ _1\"></span> formalizaci\u00f3n de<span class=\"_ _1\"></span> deudas (4.026) (3<span class=\"ls0\">2.<span class=\"ls3\">047</span>) </span>(36.<span class=\"ls3\">073</span>) 84.643 9<span class=\"ls3\">69.427</span> 1.054.069 Obligacione<span class=\"_ _1\"></span>s y otros valor<span class=\"_ _1\"></span>es negociables 149.846 112.10<span class=\"ls0\">6 </span>261.952 Deudas por<span class=\"_ _1\"></span> intereses devengad<span class=\"_ _1\"></span>os bonos - - - Gastos de<span class=\"_ _1\"></span> formalizaci\u00f3n de<span class=\"_ _1\"></span> bonos (99) (1.<span class=\"ls3\">07</span>7) (1.<span class=\"ls3\">17</span>6) 149.747 111.02<span class=\"ls0\">9 </span>260.77<span class=\"ls0\">7 </span>2<span class=\"ls3\">34</span>.<span class=\"ls3\">390</span> 1.080.<span class=\"ls35\">45<span class=\"ls0\">6 </span></span>1.31<span class=\"ls0\">4.846 </span>(Miles de euros) Corriente No corriente Total Ejercicio 2024: Deudas con <span class=\"_ _1\"></span>entidades de cr\u00e9di<span class=\"_ _1\"></span>to 57.661 777.591 835.252 Gastos de<span class=\"_ _1\"></span> formalizaci\u00f3n de<span class=\"_ _1\"></span> deudas (986) (30.631) (31.617) 56.675 746.960 803.635 Obligacione<span class=\"_ _1\"></span>s y otros valor<span class=\"_ _1\"></span>es negociables 79.232 110.208 189.440 Deudas por<span class=\"_ _1\"></span> intereses devengad<span class=\"_ _1\"></span>os bonos 56<span class=\"ls0\"> </span>- 56<span class=\"ls0\"> </span>Gastos de<span class=\"_ _1\"></span> formalizaci\u00f3n de<span class=\"_ _1\"></span> bonos (99) (1.140) (1.239) 79.189 109.068 188.257 135.864<span class=\"ls0\"> </span>856.<span class=\"_ _38\"> </span>028<span class=\"ls0\"> </span>atelu, S.A. y Yarnel,<span class=\"_ _1\"></span> S.A.: Con <span class=\"_ _e\"></span>fecha <span class=\"_ _b\"></span>16 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>noviembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2020, <span class=\"_ _e\"></span>Yarnel, <span class=\"_ _e\"></span>S.A. <span class=\"_ _e\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>Natelu, <span class=\"_ _e\"></span>S.A. <span class=\"_ _b\"></span>firmaron <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>contrato <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>deuda <span class=\"_ _e\"></span>con MetLife Investment Management, LLC. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>importe<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>principal de Natelu <span class=\"_ _0\"></span>asciende<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a US$13 m<span class=\"_ _0\"></span>illones y el<span class=\"_ _38\"> </span>importe <span class=\"_ _1\"></span>principal <span class=\"_ _6\"></span>de Yarnel <span class=\"_ _6\"></span>asciende a US<span class=\"_ _1\"></span>$14 <span class=\"_ _1\"></span>millones. <span class=\"_ _6\"></span>El paquete <span class=\"_ _1\"></span>de refinan<span class=\"_ _1\"></span>ciaci\u00f3n <span class=\"_ _1\"></span>tiene un<span class=\"_ _1\"></span> plaz<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>e 20 a\u00f1os.<span class=\"_ _38\"> </span>Los contrat<span class=\"_ _1\"></span>os de<span class=\"_ _1\"></span> emisi<span class=\"_ _1\"></span>\u00f3n estipu<span class=\"_ _1\"></span>lan la a<span class=\"_ _6\"></span>mortizaci\u00f3n anticip<span class=\"_ _1\"></span>ada en <span class=\"_ _6\"></span>caso de <span class=\"_ _1\"></span>incumplimient<span class=\"_ _1\"></span>o del <span class=\"_ _6\"></span>Ratio de cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,15x.<span class=\"_ _38\"> </span>olaria Lyra, S.r.l.: Con fecha 14 de febrero <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> 2019, <span class=\"_ _0\"></span>el Grupo <span class=\"_ _0\"></span>refinanci\u00f3<span class=\"_ _1\"></span> su cartera de <span class=\"_ _0\"></span>proyectos en Italia a trav\u00e9s de un Project Finance formalizado con Banco <span class=\"_ _0\"></span>Santander por importe <span class=\"_ _0\"></span>de 52.172 miles de <span class=\"_ _0\"></span>euros a 11,2 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _1\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>devenga <span class=\"_ _6\"></span>un tipo <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _6\"></span>de Eurib<span class=\"_ _1\"></span>or <span class=\"_ _6\"></span>3 mes<span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>+ 2,50%, <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>liquidaciones <span class=\"_ _6\"></span>trimestrales, incluyendo un derivad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de tipo de inter\u00e9<span class=\"_ _1\"></span>s.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Ratio <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>Cobertura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Servicio <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Deuda <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>RCSD <span class=\"_ _e\"></span>Proyectado, <span class=\"_ _e\"></span>evidenciad<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,2<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>haya <span class=\"_ _0\"></span>saldos <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pago <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>cuanto <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>la financiaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Cuenta de <span class=\"_ _0\"></span>Reserva <span class=\"_ _0\"></span>al </span>Servicio de la Deud<span class=\"_ _1\"></span>a; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que la cuenta de Mant<span class=\"_ _6\"></span>enimiento est\u00e9 dotada por<span class=\"_ _1\"></span> el importe exig<span class=\"_ _1\"></span>ido; </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o. </span>CFV Triangulum Aus<span class=\"_ _1\"></span>trale, <span class=\"ls3a\">S.<span class=\"ls3b\">L.</span></span> Con <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>18 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>julio <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2019, <span class=\"_ _b\"></span>CFV <span class=\"_ _b\"></span>Triangulum <span class=\"_ _b\"></span>Australe, <span class=\"_ _e\"></span>S.L. <span class=\"_ _c\"></span>financi\u00f3 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promoci\u00f3n, <span class=\"_ _e\"></span>construcci\u00f3n <span class=\"_ _e\"></span>y desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>8 <span class=\"_ _e\"></span>proyectos en <span class=\"_ _e\"></span>Espa\u00f1a <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _0\"></span>Project <span class=\"_ _e\"></span>Finance <span class=\"_ _0\"></span>formalizado <span class=\"_ _0\"></span>con <span class=\"_ _e\"></span>Natixis <span class=\"_ _0\"></span>S.A<span class=\"_ _0\"></span>. <span class=\"_ _e\"></span>por importe de <span class=\"_ _6\"></span>132.570 miles d<span class=\"_ _6\"></span>e euros a <span class=\"lsf\">15</span> a\u00f1os. <span class=\"_ _1\"></span>La financiaci<span class=\"_ _1\"></span>\u00f3n devenga <span class=\"_ _1\"></span>un tipo <span class=\"_ _6\"></span>de inter\u00e9s de m<span class=\"_ _1\"></span>ercado<span class=\"ls27\">, </span>con liquidaciones s<span class=\"_ _1\"></span>emestrales, incluy<span class=\"_ _1\"></span>endo un derivad<span class=\"_ _1\"></span>o de tipo de inter\u00e9s.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ratio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Cobertura del <span class=\"_ _e\"></span>Servicio de <span class=\"_ _e\"></span>la D<span class=\"_ _0\"></span>euda Hist\u00f3rico <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Proyectado, <span class=\"_ _0\"></span>evidenciados por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,1<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que se est\u00e9 cumpliend<span class=\"_ _1\"></span>o con un ratio d<span class=\"_ _1\"></span>e deuda-equity <span class=\"_ _1\"></span>no superior a 75%;<span class=\"_ _38\"> </span></span>Que la<span class=\"_ _6\"></span> cuenta <span class=\"_ _6\"></span>de Manteni<span class=\"_ _1\"></span>miento <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> la<span class=\"_ _6\"></span> Cuenta <span class=\"_ _6\"></span>de Rese<span class=\"_ _1\"></span>rva al<span class=\"_ _6\"></span> Servicio <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>deuda e<span class=\"_ _6\"></span>st\u00e9<span class=\"_ _0\"></span>n d<span class=\"_ _6\"></span>otadas por el importe exigid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o.<span class=\"_ _38\"> </span></span>V\u00eda<span class=\"ls0\"> L\u00e1ctea Fotovoltaica, <span class=\"_ _1\"></span><span class=\"ls3d\">S.<span class=\"ls3e\">L.<span class=\"ls0\"> </span></span></span></span>Con fecha 1<span class=\"_ _1\"></span>2 de novie<span class=\"_ _1\"></span>mbre de 201<span class=\"_ _1\"></span>9, <span class=\"ls3c\">V\u00eda</span> Lactea Fo<span class=\"_ _1\"></span>tovoltaica,<span class=\"_ _1\"></span> S.L. financi\u00f3 la pr<span class=\"_ _6\"></span>omoci\u00f3n, construcci\u00f3n<span class=\"_ _1\"></span> y <span class=\"_ _7\"> </span>desarrollo <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>4 <span class=\"_ _5\"> </span>proyect<span class=\"_ _1\"></span>os <span class=\"_ _5\"> </span>en <span class=\"_ _7\"></span>Espa\u00f1a <span class=\"_ _7\"> </span>a <span class=\"_ _5\"> </span>trav\u00e9s <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>un <span class=\"_ _7\"></span>Project <span class=\"_ _5\"> </span>Finance <span class=\"_ _7\"></span>formalizad<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>con <span class=\"_ _7\"> </span>Banco <span class=\"_ _5\"> </span>de Sabadell <span class=\"_ _b\"></span>S.A. <span class=\"_ _c\"></span>por <span class=\"_ _c\"></span>importe <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>57.000 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>iles <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>euros <span class=\"_ _b\"></span>a <span class=\"_ _c\"></span>16 <span class=\"_ _c\"></span>a\u00f1os. <span class=\"_ _b\"></span>La <span class=\"_ _c\"></span>financiaci\u00f3n <span class=\"_ _b\"></span>devenga <span class=\"_ _b\"></span>un <span class=\"_ _c\"></span>tipo <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> inter\u00e9s de mercad<span class=\"_ _1\"></span>o con liquidaciones s<span class=\"_ _1\"></span>emestrales, inc<span class=\"_ _1\"></span>luyendo un derivad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de tipo de inter\u00e9s.<span class=\"_ _1\"></span>  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x<span class=\"ls10\">. </span> La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _8\"> </span>se <span class=\"_ _27\"> </span>haya <span class=\"_ _8\"> </span>presentado  el <span class=\"_ _8\"> </span>Certificado <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>Cumplimient<span class=\"_ _1\"></span>o <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>Ratios <span class=\"_ _8\"> </span>para <span class=\"_ _8\"> </span>el  Periodo <span class=\"_ _8\"> </span>de </span>Distribuci\u00f3n Rel<span class=\"_ _1\"></span>evante; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ratio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Cobertura del <span class=\"_ _e\"></span>Servicio de <span class=\"_ _e\"></span>la D<span class=\"_ _0\"></span>euda Hist\u00f3rico <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Proyectado, <span class=\"_ _0\"></span>evidenciados por </span>dicho <span class=\"_ _3\"> </span>Certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cum<span class=\"_ _1\"></span>plimiento <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Ratios <span class=\"_ _3\"> </span>corre<span class=\"_ _1\"></span>spondiente <span class=\"_ _3\"> </span>al <span class=\"_ _3\"> </span>Periodo <span class=\"_ _3\"> </span>de<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Distribuci\u00f3n Relevante con carg<span class=\"_ _1\"></span>o al cual se realice <span class=\"_ _6\"></span>el pago sea como m\u00ednimo 1,2<span class=\"_ _1\"></span>0x; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que no se haya pr<span class=\"_ _1\"></span>oducido un supuesto d<span class=\"_ _1\"></span>e vencimiento anticipad<span class=\"_ _1\"></span>o. </span>Andr\u00f3meda Fotovoltaica<span class=\"_ _1\"></span>, S.L. Con <span class=\"_ _b\"></span>fecha <span class=\"_ _e\"></span>1 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>enero <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>2020<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>Andr\u00f3meda <span class=\"_ _e\"></span>Fotovoltaica, <span class=\"_ _e\"></span>S.L. <span class=\"_ _b\"></span>financi\u00f3 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promoci\u00f3n, <span class=\"_ _e\"></span>construcci\u00f3n <span class=\"_ _e\"></span>y desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>3 pr<span class=\"_ _1\"></span>oyectos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Espa\u00f1a a<span class=\"_ _6\"></span> trav\u00e9s<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>Project Fi<span class=\"_ _1\"></span>nance <span class=\"_ _6\"></span>formalizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el ban<span class=\"_ _1\"></span>co <span class=\"_ _6\"></span>BayernLB por importe de<span class=\"_ _1\"></span> 51.500 miles de eur<span class=\"_ _1\"></span>os a 15 a\u00f1os.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x.  Corona Borealis Fotovol<span class=\"_ _1\"></span>taica, S.L.U. Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _13\"> </span>25 <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>marzo <span class=\"_ _8\"> </span>de <span class=\"_ _13\"> </span>2021, <span class=\"_ _13\"> </span>Corona <span class=\"_ _13\"> </span>Borealis<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>Fotovoltaica, <span class=\"_ _13\"> </span>S.L.U, <span class=\"_ _13\"> </span>financi\u00f3 <span class=\"_ _13\"> </span>la <span class=\"_ _13\"> </span>promoci\u00f3n,<span class=\"_ _1\"></span> construcci\u00f3n <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>desarrollo <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>7 <span class=\"_ _b\"></span>proyectos <span class=\"_ _0\"></span>en <span class=\"_ _b\"></span>Espa\u00f1a, <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>partir <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>un <span class=\"_ _e\"></span>Project <span class=\"_ _e\"></span>Finance <span class=\"_ _e\"></span>formalizado <span class=\"_ _e\"></span>con Natixis <span class=\"_ _1\"></span>S.A., <span class=\"_ _1\"></span>European In<span class=\"_ _1\"></span>vestment <span class=\"_ _1\"></span>Bank y <span class=\"_ _6\"></span>AG Insuranc<span class=\"_ _1\"></span>e, S.A.<span class=\"_ _1\"></span> por <span class=\"_ _6\"></span>impo<span class=\"_ _0\"></span>rte <span class=\"_ _6\"></span>m\u00e1ximo <span class=\"_ _1\"></span>de 115.4<span class=\"_ _1\"></span>89 miles <span class=\"_ _6\"></span>de euros a 9 a\u00f1os. La financiac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>devenga un tip<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de inter\u00e9s de me<span class=\"_ _1\"></span>rcado, con liquid<span class=\"_ _1\"></span>aciones mensuales<span class=\"ls10\">. </span> El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>d<span class=\"_ _38\"> </span>cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"lsc\">05<span class=\"_ _1\"></span><span class=\"ls39\">x.<span class=\"ls0\"> </span></span></span>La realiz<span class=\"_ _1\"></span>aci\u00f3n de<span class=\"_ _1\"></span> Distribu<span class=\"_ _1\"></span>ciones <span class=\"_ _1\"></span>contra <span class=\"_ _1\"></span>la Cuenta<span class=\"_ _6\"></span> de Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida <span class=\"_ _1\"></span>hasta el<span class=\"_ _1\"></span> l\u00ed<span class=\"_ _1\"></span>mite de <span class=\"_ _6\"></span>su saldo y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _21\"> </span><span class=\"ff4\">Que se haya producid<span class=\"_ _1\"></span>o al menos el<span class=\"_ _1\"></span> primer reembols<span class=\"_ _1\"></span>o del importe pri<span class=\"_ _1\"></span>ncipal; </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>haya <span class=\"_ _10\"></span>producido <span class=\"_ _6\"></span>ning\u00fan <span class=\"_ _10\"></span>incumplimiento <span class=\"_ _10\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>evento <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>incumplimiento <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>momento<span class=\"_ _1\"></span> </span>o como resultad<span class=\"_ _1\"></span>o de la distribuci\u00f3n propu<span class=\"_ _1\"></span>esta; - <span class=\"_ _21\"> </span><span class=\"ff4\">Que <span class=\"_ _3\"> </span>el <span class=\"_ _3\"> </span>certificado <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>Cumplimiento <span class=\"_ _5\"> </span>con  re<span class=\"_ _1\"></span>specto <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>la <span class=\"_ _3\"> </span>fecha <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>prueba <span class=\"_ _3\"> </span>inmediatam<span class=\"_ _1\"></span>ente </span>anterior <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>D<span class=\"_ _0\"></span>istribuci\u00f3n <span class=\"_ _e\"></span>propuesta <span class=\"_ _e\"></span>demuestra <span class=\"_ _e\"></span>que <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>DSCR <span class=\"_ _b\"></span>es <span class=\"_ _b\"></span>igual <span class=\"_ _e\"></span>o <span class=\"_ _b\"></span>superior <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>1,<span class=\"_ _0\"></span><span class=\"lsc\">10</span>x <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>el DSCR Proyectado es<span class=\"_ _1\"></span> superior a 1,<span class=\"_ _1\"></span>10x;<span class=\"_ _38\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff4\">Que haya import<span class=\"_ _1\"></span>es pendientes en virtud del<span class=\"_ _6\"></span> acuerdo de financiaci\u00f3n DSR.  </span>Prodigy Orbit, LDA.<span class=\"_ _1\"></span> Con <span class=\"_ _3\"> </span>fecha <span class=\"_ _5\"> </span>9 <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>agost<span class=\"_ _1\"></span>o <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>2021 <span class=\"_ _3\"> </span>Prodigy <span class=\"_ _5\"> </span>Orbit,  L<span class=\"_ _1\"></span>DA <span class=\"_ _3\"> </span>financi\u00f3 <span class=\"_ _5\"> </span>el <span class=\"_ _3\"> </span>estudio, <span class=\"_ _5\"> </span>dise\u00f1o, <span class=\"_ _3\"> </span>implem<span class=\"_ _1\"></span>entaci\u00f3n, desarrollo y manteni<span class=\"_ _1\"></span>miento de 4 plantas en Portugal a trav\u00e9s de un <span class=\"_ _0\"></span>Bono formal<span class=\"_ _1\"></span>izado con La Banque Postale, S.A. por i<span class=\"_ _1\"></span>mporte 21.800 mile<span class=\"_ _1\"></span>s de euros hasta el 3<span class=\"_ _1\"></span>1 de diciembre de<span class=\"_ _1\"></span> 2032. La realizaci<span class=\"_ _1\"></span>\u00f3n de dis<span class=\"_ _1\"></span>tribuciones c<span class=\"_ _1\"></span>ontra la <span class=\"_ _1\"></span>Cuenta d<span class=\"_ _1\"></span>e Disposici<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n Restring<span class=\"_ _1\"></span>ida hasta<span class=\"_ _1\"></span> el l\u00edmi<span class=\"_ _1\"></span>te de <span class=\"_ _1\"></span>su sald<span class=\"_ _1\"></span>o y <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>eriod<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Distribuci\u00f3n <span class=\"_ _e\"></span>Relevante <span class=\"_ _0\"></span>correspondiente, <span class=\"_ _0\"></span>estar\u00e1 <span class=\"_ _e\"></span>sujeta <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>cumplimien<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>de las siguientes condici<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nes: - <span class=\"_ _1c\"> </span><span class=\"ff4\">El Prestatari<span class=\"_ _1\"></span>o se compr<span class=\"_ _1\"></span>omete a mantener<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>n todo<span class=\"_ _1\"></span> momento duran<span class=\"_ _1\"></span>te la <span class=\"_ _1\"></span>vigencia del<span class=\"_ _1\"></span> presente </span>Contrato un ADSCR igu<span class=\"_ _1\"></span>al o superior a<span class=\"_ _1\"></span> 1,05x; - <span class=\"_ _1c\"> </span><span class=\"ff4\">Dentro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>Distribuciones perm<span class=\"_ _0\"></span>itidas <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>detalla cualquier <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>istribuci\u00f3n realizada <span class=\"_ _0\"></span>dentro <span class=\"_ _0\"></span>de </span>los <span class=\"_ _27\"> </span>30 <span class=\"_ _8\"> </span>d\u00edas <span class=\"_ _8\"> </span>siguientes  a <span class=\"_ _27\"> </span>cada <span class=\"_ _8\"> </span>Fecha <span class=\"_ _8\"> </span>de <span class=\"_ _27\"> </span>C\u00e1lculo <span class=\"_ _27\"> </span>mediante <span class=\"_ _8\"> </span>transferenci<span class=\"_ _1\"></span>a <span class=\"_ _8\"> </span>a <span class=\"_ _27\"> </span>la <span class=\"_ _8\"> </span>Cuenta <span class=\"_ _27\"> </span>de Distribuciones) y si<span class=\"_ _1\"></span>empre qu<span class=\"_ _1\"></span>e se cumplan todas las c<span class=\"_ _1\"></span>ondiciones siguient<span class=\"_ _1\"></span>es: (i<span class=\"ls0\">) <span class=\"_ _2c\"> </span>que <span class=\"_ _c\"></span>se <span class=\"_ _7\"></span>haya <span class=\"_ _c\"></span>efectuado <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>reembolso <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>la <span class=\"_ _7\"></span>pri<span class=\"_ _1\"></span>mera <span class=\"_ _c\"></span>Amortizaci\u00f3n <span class=\"_ _c\"></span>Programada <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>los </span>Bonos Senior y de l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s Bonos IVA; (ii)<span class=\"ff2 fs1\"> <span class=\"_ _2d\"> </span></span>que se haya producid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> la Fecha de Finalizaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n de todas las <span class=\"_ _1\"></span>Plantas Solares (iii)<span class=\"ff2 fs1\"> <span class=\"_ _1f\"> </span></span>el ADSCR del Periodo de C\u00e1<span class=\"_ _6\"></span>lculo anterior ha sido de al men<span class=\"_ _1\"></span>os 1,10x; (iv)<span class=\"ff2 fs1\"> <span class=\"_ _1f\"> </span></span>no hay <span class=\"_ _0\"></span>imp<span class=\"_ _1\"></span>ortes pendiente<span class=\"_ _1\"></span>s de pago bajo el DSRF (v<span class=\"ls0\">) <span class=\"_ _2e\"> </span>la <span class=\"_ _c\"></span>Cuenta <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>Reserva <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>Mantenimiento <span class=\"_ _c\"></span>est\u00e1 <span class=\"_ _c\"></span>totalmente <span class=\"_ _b\"></span>financiada <span class=\"_ _c\"></span>con <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>Cantidad </span>Requerida de Mant<span class=\"_ _1\"></span>enimiento (vi) <span class=\"_ _2f\"> </span>no se ha producid<span class=\"_ _6\"></span>o y contin\u00faa ning\u00fan<span class=\"_ _1\"></span> Evento de Incumpli<span class=\"_ _1\"></span>miento Potencial<span class=\"_ _6\"></span> o Evento de<span class=\"_ _1\"></span> Incumplimiento co<span class=\"_ _1\"></span>mo resultado de dich<span class=\"_ _1\"></span>a Distribuci\u00f3n (vii)<span class=\"ff2 fs1\"> <span class=\"_ _30\"> </span></span>no se <span class=\"_ _1\"></span>ha reali<span class=\"_ _1\"></span>zado ningun<span class=\"_ _1\"></span>a Cesi\u00f3n <span class=\"_ _1\"></span>de Capital<span class=\"_ _6\"></span> en los <span class=\"_ _1\"></span>\u00faltimos <span class=\"_ _1\"></span>12 m<span class=\"_ _1\"></span>eses de <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>con la<span class=\"_ _6\"></span> Cl\u00e1usula 28; (viii)<span class=\"ff2 fs1\"> <span class=\"_ _2b\"> </span></span>se <span class=\"_ _e\"></span>han <span class=\"_ _e\"></span>entregado <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>estados <span class=\"_ _e\"></span>financieros <span class=\"_ _0\"></span>correspondientes <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Periodo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>C\u00e1lculo <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>\u00e1s<span class=\"_ _1\"></span> reciente, junto c<span class=\"_ _1\"></span>on la informaci<span class=\"_ _1\"></span>\u00f3n financiera requerid<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span> (ix)<span class=\"ff2 fs1\"> <span class=\"_ _2f\"> </span></span>se ha entregado<span class=\"_ _1\"></span> al Agente un<span class=\"_ _1\"></span> Certificado de Conf<span class=\"_ _1\"></span>ormidad;<span class=\"ff8\"> </span>Kraken Solar, S.<span class=\"_ _1\"></span>L.U. Con  fecha <span class=\"_ _5\"> </span>30<span class=\"_ _0\"></span>  de <span class=\"_ _3\"> </span>diciemb<span class=\"_ _1\"></span>re  de <span class=\"_ _3\"> </span>2021, <span class=\"_ _3\"> </span>Kraken <span class=\"_ _3\"> </span>Solar, <span class=\"_ _3\"> </span>S.L.U.  financi\u00f3 <span class=\"_ _3\"> </span>la  pro<span class=\"_ _1\"></span>moci\u00f3n, <span class=\"_ _3\"> </span>construcci\u00f3n <span class=\"_ _3\"> </span>y desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>3 <span class=\"_ _1\"></span>proyect<span class=\"_ _1\"></span>os a <span class=\"_ _10\"></span>trav\u00e9s de <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>Credit <span class=\"_ _1\"></span>Facility <span class=\"_ _6\"></span>Agreement <span class=\"_ _6\"></span>formalizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>La Banque <span class=\"_ _10\"></span>Po<span class=\"_ _0\"></span>stale,<span class=\"_ _1\"></span> S.A. <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>importe de <span class=\"_ _0\"></span>87.940 m<span class=\"_ _0\"></span>iles de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a 1<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _e\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>devenga <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>que resulta d<span class=\"_ _1\"></span>e la <span class=\"_ _1\"></span>suma <span class=\"_ _1\"></span>de d<span class=\"_ _1\"></span>os tipos <span class=\"_ _1\"></span>de int<span class=\"_ _6\"></span>er\u00e9s aplicable:<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>margen destinad<span class=\"_ _1\"></span>o a c<span class=\"_ _6\"></span>ada periodo <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> el <span class=\"_ _6\"></span>EURIBOR aplicable <span class=\"_ _0\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>per\u00edodo <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _e\"></span>correspondiente. <span class=\"_ _0\"></span>El <span class=\"_ _e\"></span>tipo <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>inter\u00e9s <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>ir\u00e1 <span class=\"_ _e\"></span>liquidando <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>manera semestral. El contrato de emi<span class=\"_ _1\"></span>si\u00f3n estipu<span class=\"_ _1\"></span>la la amortizaci\u00f3n antici<span class=\"_ _1\"></span>pada en caso de incu<span class=\"_ _1\"></span>mplimiento del Rati<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> de cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x. La realizaci\u00f3n de<span class=\"_ _1\"></span> distribuciones contra<span class=\"_ _1\"></span> la Cuenta de D<span class=\"_ _1\"></span>isposici\u00f3n Restring<span class=\"_ _1\"></span>ida hasta el l\u00ed<span class=\"_ _1\"></span>mite de su saldo y con carg<span class=\"_ _1\"></span>o al Periodo de Distrib<span class=\"_ _1\"></span>uci\u00f3n Rele<span class=\"_ _1\"></span>vante correspond<span class=\"_ _1\"></span>iente, estar\u00e1 s<span class=\"_ _1\"></span>ujeta al cumplimiento de las<span class=\"_ _1\"></span> siguientes c<span class=\"_ _1\"></span>ondiciones:<span class=\"_ _38\"> </span>Al menos se ha pr<span class=\"_ _1\"></span>oducido el primer re<span class=\"_ _1\"></span>embolso del im<span class=\"_ _1\"></span>porte principal; - <span class=\"_ _1c\"> </span><span class=\"ff4\">No <span class=\"_ _e\"></span>se <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>producido <span class=\"_ _e\"></span>ning\u00fan <span class=\"_ _e\"></span>valo<span class=\"_ _0\"></span>r <span class=\"_ _e\"></span>predeterminado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>incumplimiento <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>puede <span class=\"_ _e\"></span>ocurrir <span class=\"_ _b\"></span>como </span>resultado de la Distribu<span class=\"_ _1\"></span>ci\u00f3n propuesta<span class=\"_ _6\"></span>; - <span class=\"_ _1c\"> </span><span class=\"ff4\">El <span class=\"_ _0\"></span>Certificado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Conformidad con <span class=\"_ _e\"></span>respecto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>fecha de <span class=\"_ _e\"></span>prueba <span class=\"_ _0\"></span>inmediatamente anterior <span class=\"_ _0\"></span>a </span>la distribuci\u00f3n pr<span class=\"_ _1\"></span>opuesta que demuestr<span class=\"_ _1\"></span>e que: (i)<span class=\"ff2\"> <span class=\"_ _31\"> </span></span>El DCSR es igual o supe<span class=\"_ _6\"></span>rior a 1<span class=\"_ _0\"></span>,10x; y<span class=\"_ _1\"></span><span class=\"fs1\"> </span>(ii)<span class=\"ff2\"> <span class=\"_ _2a\"> </span></span>El DCSR Proyectad<span class=\"_ _1\"></span>o es superior a 1,<span class=\"_ _1\"></span>10x - <span class=\"_ _1c\"> </span><span class=\"ff4\">No hay cantidades p<span class=\"_ _1\"></span>endientes en<span class=\"_ _1\"></span> el marco del M<span class=\"_ _1\"></span>ecanismo DSR. </span>Adhara Solar Fotovol<span class=\"_ _1\"></span>taica, S.L.U. Con <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>junio <span class=\"_ _0\"></span>de 2022, <span class=\"_ _e\"></span>Adhara Solar, <span class=\"_ _e\"></span>S.L.U. <span class=\"_ _0\"></span>financi\u00f3 <span class=\"_ _0\"></span>la <span class=\"_ _e\"></span>promoci\u00f3n, construcci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>desarrollo de <span class=\"_ _1d\"> </span>15 <span class=\"_ _32\"> </span>proyect<span class=\"_ _1\"></span>os <span class=\"_ _32\"> </span>fot<span class=\"_ _1\"></span>ovoltaicos <span class=\"_ _1d\"> </span>a <span class=\"_ _32\"> </span>trav<span class=\"_ _1\"></span>\u00e9s <span class=\"_ _32\"> </span>d<span class=\"_ _1\"></span>e <span class=\"_ _32\"> </span>un <span class=\"_ _16\"> </span>Credit <span class=\"_ _32\"> </span>Facility <span class=\"_ _1d\"> </span>Agreemen<span class=\"_ _1\"></span>t <span class=\"_ _32\"> </span>formaliz<span class=\"_ _1\"></span>ado <span class=\"_ _1d\"> </span>con COMMERZBANK <span class=\"_ _c\"></span>AKTIENGE<span class=\"_ _1\"></span>SELLSCHAFT, <span class=\"_ _c\"></span>ABN <span class=\"_ _c\"></span>AMRO <span class=\"_ _c\"></span>Bank <span class=\"_ _b\"></span>N.V <span class=\"_ _c\"></span>y <span class=\"_ _7\"></span>Banco <span class=\"_ _c\"></span>Europeo <span class=\"_ _b\"></span>de <span class=\"_ _7\"></span>Inversiones <span class=\"_ _b\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> importe de <span class=\"_ _0\"></span>371.946 miles de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a 16 <span class=\"_ _0\"></span>a\u00f1os. La <span class=\"_ _0\"></span>financiaci\u00f3n devenga <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de inter\u00e9s <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span> de <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>suma <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>dos <span class=\"_ _5\"> </span>tipos <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>inter\u00e9s <span class=\"_ _7\"></span>aplicable: <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>margen <span class=\"_ _7\"> </span>destinado <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>cada <span class=\"_ _5\"> </span>periodo <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>EURIBOR<span class=\"_ _1\"></span> aplicable para el<span class=\"_ _1\"></span> per\u00edodo de inter<span class=\"_ _1\"></span>\u00e9s correspondient<span class=\"_ _1\"></span>e, con liquidaciones sem<span class=\"_ _1\"></span>estral<span class=\"lsd\">es</span>.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,<span class=\"_ _1\"></span>05x.  Hydra Solar, S.L.U.<span class=\"_ _6\"></span> Con <span class=\"_ _13\"> </span>fecha <span class=\"_ _13\"> </span>21 <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>diciem<span class=\"_ _1\"></span>bre <span class=\"_ _13\"> </span>de <span class=\"_ _12\"> </span>2022, <span class=\"_ _13\"> </span>Hydra <span class=\"_ _12\"> </span>Fotovoltaica <span class=\"_ _13\"> </span>Solar, <span class=\"_ _13\"> </span>S.L.U. <span class=\"_ _12\"> </span>financi\u00f3 <span class=\"_ _12\"> </span>la <span class=\"_ _13\"> </span>promoci\u00f3n, construcci\u00f3n <span class=\"_ _5\"> </span>y  desarr<span class=\"_ _1\"></span>ollo <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>4 <span class=\"_ _3\"> </span>proyectos <span class=\"_ _3\"> </span>fotov<span class=\"_ _1\"></span>oltaicos <span class=\"_ _3\"> </span>a <span class=\"_ _3\"> </span>trav\u00e9s <span class=\"_ _3\"> </span>de <span class=\"_ _3\"> </span>un <span class=\"_ _3\"> </span>Credit<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>Facility <span class=\"_ _3\"> </span>Agreement<span class=\"_ _1\"></span> formalizado <span class=\"_ _3\"> </span>con  Ban<span class=\"_ _1\"></span>co  d<span class=\"_ _1\"></span>e <span class=\"_ _3\"> </span>Sabadell,  <span class=\"ls3f\">S.A</span>. <span class=\"_ _3\"> </span>por  imp<span class=\"_ _1\"></span>orte  de <span class=\"_ _3\"> </span>132.890 <span class=\"_ _5\"> </span>miles  de <span class=\"_ _3\"> </span>euros  a <span class=\"_ _3\"> </span>16 <span class=\"_ _3\"> </span>a\u00f1os. <span class=\"_ _3\"> </span>La financiaci\u00f3n <span class=\"_ _e\"></span>devenga <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>resulta <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>suma <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>dos <span class=\"_ _e\"></span>tipos <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>inter\u00e9s <span class=\"_ _e\"></span>aplicable: <span class=\"_ _0\"></span>el margen destinado a cada periodo y el EURIBOR aplica<span class=\"_ _1\"></span>ble para el per\u00edodo de inter\u00e9s correspondiente<span class=\"ls27\">, </span>con liquidaciones s<span class=\"_ _1\"></span>emestrales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura del servi<span class=\"_ _1\"></span>cio de la deud<span class=\"_ _1\"></span>a; el cual debe ser<span class=\"_ _1\"></span> al menos del 1,05x.   Serpens Solar, <span class=\"_ _1\"></span>S.L.U. Con <span class=\"_ _7\"></span>fecha <span class=\"_ _7\"></span>21 <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>septiemb<span class=\"_ _1\"></span>re <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>2023, <span class=\"_ _7\"></span>Serpens <span class=\"_ _7\"></span>Solar,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>S.L.U. <span class=\"_ _5\"> </span>financi\u00f3 <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>promoci<span class=\"_ _1\"></span>\u00f3n, <span class=\"_ _7\"></span>construcci\u00f3n <span class=\"_ _c\"></span>y desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>15 <span class=\"_ _0\"></span>proyectos fo<span class=\"_ _0\"></span>tovoltaicos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>Common <span class=\"_ _0\"></span>Terms <span class=\"_ _0\"></span>Agreement <span class=\"_ _0\"></span>formalizado <span class=\"_ _0\"></span>con Banco <span class=\"_ _b\"></span>Santander, <span class=\"_ _e\"></span>S.A. <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>Banco <span class=\"_ _b\"></span>Europeo <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Inversion<span class=\"_ _6\"></span>es <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>importe <span class=\"_ _e\"></span>de <span class=\"_ _c\"></span>305.850 <span class=\"_ _e\"></span>miles <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>euros <span class=\"_ _b\"></span>con vencimiento legal el 31 <span class=\"_ _0\"></span>de diciembre de 2031. La financiaci\u00f3n devenga un <span class=\"_ _0\"></span>tipo de inter\u00e9s que <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span> de <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>suma <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>dos <span class=\"_ _5\"> </span>tipos <span class=\"_ _7\"> </span>de <span class=\"_ _3\"> </span>inter\u00e9s <span class=\"_ _7\"></span>aplicable: <span class=\"_ _7\"></span>el <span class=\"_ _5\"> </span>margen <span class=\"_ _7\"> </span>destinado <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>cada <span class=\"_ _5\"> </span>periodo <span class=\"_ _7\"> </span>y <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>EURIBOR<span class=\"_ _1\"></span> aplicable para el<span class=\"_ _1\"></span> per\u00edodo de inter\u00e9s c<span class=\"_ _1\"></span>orrespondiente, <span class=\"_ _1\"></span>con liquidaciones sem<span class=\"_ _1\"></span>estrales.  El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> cobertura <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>servicio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>deuda; <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>cual <span class=\"_ _e\"></span>debe <span class=\"_ _e\"></span>ser <span class=\"_ _0\"></span>al <span class=\"_ _e\"></span>menos <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>1,05x. <span class=\"_ _b\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2025<span class=\"ls27\">, </span>conforme a lo pr<span class=\"_ _1\"></span>evisto en los t\u00e9r<span class=\"_ _1\"></span>minos y condici<span class=\"_ _1\"></span>ones de la emisi<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n, el cu<span class=\"_ _1\"></span>mplimiento de dich<span class=\"_ _1\"></span>o ratio se<span class=\"_ _1\"></span> encuentra exento<span class=\"_ _38\"> </span>Sagitta Solar, S.L<span class=\"ls10\">.U</span> Con fecha 6 de octubre<span class=\"_ _6\"></span> de 2025, Sagitta Solar, S.<span class=\"_ _1\"></span>L.U. formaliz\u00f3 un Facili<span class=\"_ _6\"></span>ty<span class=\"_ _0\"></span> Agree<span class=\"_ _1\"></span>ment con el Banco de Sabadell, <span class=\"_ _c\"></span>S.A. <span class=\"_ _7\"></span>y <span class=\"_ _7\"></span>el <span class=\"_ _7\"></span>Instituto <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>Cr\u00e9dito <span class=\"_ _c\"></span>Oficial, <span class=\"_ _7\"></span>E.P.E., <span class=\"_ _c\"></span>destinado <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>la <span class=\"_ _c\"></span>financiaci\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>sus <span class=\"_ _c\"></span>proyectos fotovoltaicos, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>total <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>89.5<span class=\"lsf\">00</span> <span class=\"_ _e\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cuales <span class=\"_ _0\"></span>23.607 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _0\"></span>se encontraban des<span class=\"_ _1\"></span>embolsados a <span class=\"_ _6\"></span>31 de diciembre d<span class=\"_ _1\"></span>e 2025. <span class=\"_ _1\"></span>La financia<span class=\"_ _1\"></span>ci\u00f3n tiene v<span class=\"_ _1\"></span>encimiento <span class=\"_ _1\"></span>legal el <span class=\"_ _1\"></span>30 de junio <span class=\"_ _0\"></span>de 2046 y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>deveng<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>un tipo <span class=\"_ _0\"></span>de inter\u00e9s que <span class=\"_ _0\"></span>resulta de <span class=\"_ _0\"></span>la suma del <span class=\"_ _0\"></span>margen aplicable, fijado en el 1,70%, y el<span class=\"_ _1\"></span> EURIBOR correspond<span class=\"_ _1\"></span>iente al per\u00edod<span class=\"_ _1\"></span>o de inter\u00e9s, con liquid<span class=\"_ _1\"></span>aciones sem<span class=\"_ _1\"></span>estrales. El <span class=\"_ _b\"></span>contrato <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>estipula <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>amortizaci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>anticipad<span class=\"_ _1\"></span>a <span class=\"_ _c\"></span>en <span class=\"_ _b\"></span>caso <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>incumplimiento<span class=\"_ _1\"></span> <span class=\"_ _c\"></span>del <span class=\"_ _b\"></span>Ratio <span class=\"_ _c\"></span>de<span class=\"_ _1\"></span> Cobertura <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Servicio <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>Deuda; <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>cual <span class=\"_ _0\"></span>debe <span class=\"_ _e\"></span>ser <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _e\"></span>del 1<span class=\"_ _0\"></span>,05x. <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025, conforme a lo pr<span class=\"_ _1\"></span>evisto en los t\u00e9r<span class=\"_ _1\"></span>minos y condici<span class=\"_ _1\"></span>ones de la emisi\u00f3n, <span class=\"_ _1\"></span>el cumplimie<span class=\"_ _6\"></span>nto<span class=\"_ _0\"></span> de dicho rati<span class=\"_ _1\"></span>o se encuentra exento.<span class=\"_ _1\"></span><span class=\"ff8\"> </span>Obligacion<span class=\"_ _1\"></span>es y otros valores negociab<span class=\"_ _1\"></span>les Con <span class=\"_ _b\"></span>fecha <span class=\"_ _b\"></span>15 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>diciembre<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Sociedad <span class=\"_ _e\"></span>dominante <span class=\"_ _b\"></span>llev\u00f3 <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>cabo <span class=\"_ _e\"></span>una <span class=\"_ _b\"></span>emisi\u00f3n <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>pagar\u00e9s <span class=\"_ _b\"></span>al Mercado <span class=\"_ _7\"></span>Alterna<span class=\"_ _1\"></span>tivo <span class=\"_ _c\"></span>de <span class=\"_ _7\"> </span>Renta <span class=\"_ _7\"></span>Fija <span class=\"_ _7\"></span>(MARF)<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>con <span class=\"_ _c\"></span>un <span class=\"_ _7\"></span>saldo <span class=\"_ _7\"></span>vivo <span class=\"_ _c\"></span>m\u00e1ximo <span class=\"_ _7\"></span>de <span class=\"_ _c\"></span>200.000 <span class=\"_ _c\"></span>miles <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>euros.<span class=\"_ _1\"></span> Devenga <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>fijo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>mercado. <span class=\"_ _b\"></span>A <span class=\"_ _e\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _0\"></span>5 <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>importe <span class=\"_ _e\"></span>asciend\u00eda <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>400 miles de euros.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-411": {
   "value": "El valor <span class=\"_ _1\"></span>razonable (el <span class=\"_ _1\"></span>cual s<span class=\"_ _1\"></span>e considera <span class=\"_ _1\"></span>Nivel 3 <span class=\"_ _1\"></span>debido a <span class=\"_ _6\"></span>la falta de liquid<span class=\"_ _1\"></span>ez de los<span class=\"_ _1\"></span> precios a <span class=\"_ _1\"></span>largo <span class=\"_ _1\"></span>plazo de la electricidad) se calcula a <span class=\"_ _0\"></span>trav\u00e9s del descuento de los flujos <span class=\"_ _0\"></span>futuros estimad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s. Los flujos futuros se <span class=\"_ _0\"></span>calculan <span class=\"_ _0\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>diferencia <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>importes <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>cobrar <span class=\"_ _0\"></span>(a <span class=\"_ _e\"></span>precio <span class=\"_ _0\"></span>fijo) <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>pagar <span class=\"_ _0\"></span>(que dependen de la esti<span class=\"_ _1\"></span>maci\u00f3n de los preci<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s futuros d<span class=\"_ _1\"></span>e la electricidad). En <span class=\"_ _0\"></span>todos <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>casos, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>trata de <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>tienen <span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>nsideraci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>perfil <span class=\"_ _0\"></span>horario <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci<span class=\"_ _1\"></span>\u00f3n de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las p<span class=\"_ _6\"></span>lantas <span class=\"_ _1\"></span>fotovoltaicas. <span class=\"_ _10\"></span>La <span class=\"_ _6\"></span>liquidaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _10\"></span>m<span class=\"_ _0\"></span>ismos <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>realiza <span class=\"_ _6\"></span>contra <span class=\"_ _6\"></span>el p<span class=\"_ _1\"></span>reci<span class=\"_ _6\"></span>o horario y por el v<span class=\"_ _1\"></span>olumen de energ\u00eda h<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>rario.  En <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _e\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>nivel <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>jerarqu\u00eda <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>variables <span class=\"_ _0\"></span>utilizadas <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>determinaci\u00f3n <span class=\"_ _0\"></span>del valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>os acti<span class=\"_ _1\"></span>vos <span class=\"_ _6\"></span>y <span class=\"_ _1\"></span>pasivos <span class=\"_ _6\"></span>medidos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>alor <span class=\"_ _6\"></span>razonable, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>corresponde <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>nivel 2<span class=\"_ _6\"></span>, en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>caso de los IRS de tipo d<span class=\"_ _1\"></span>e inter\u00e9s y Ni<span class=\"_ _1\"></span>vel 3 en el caso de l<span class=\"_ _1\"></span>os contratos PPA. Los <span class=\"_ _0\"></span>flujos de <span class=\"_ _0\"></span>efectivo <span class=\"_ _0\"></span>ligados a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>permutas financieras de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>contratos PP<span class=\"_ _0\"></span>A para <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio 2025 <span class=\"_ _0\"></span><span class=\"ls42\">y </span>2024 son los sigu<span class=\"_ _1\"></span>ientes:  (Miles <span class=\"_ _1\"></span>de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>A\u00f1o 2026 10.695 6.395  A\u00f1o 2027 13.809 10.127 A\u00f1os poste<span class=\"_ _1\"></span>riores 34.240 50.474 58.745<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-372": {
   "value": "Los <span class=\"_ _0\"></span>flujos de <span class=\"_ _0\"></span>efectivo <span class=\"_ _0\"></span>ligados a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>permutas financieras de <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>contratos PP<span class=\"_ _0\"></span>A para <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio 2025 <span class=\"_ _0\"></span><span class=\"ls42\">y </span>2024 son los sigu<span class=\"_ _1\"></span>ientes:  (Miles <span class=\"_ _1\"></span>de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>A\u00f1o 2026 10.695 6.395  A\u00f1o 2027 13.809 10.127 A\u00f1os poste<span class=\"_ _1\"></span>riores 34.240 50.474 58.745<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-428": {
   "value": "14<span class=\"ls33\">.5</span> <span class=\"_ _23\"> </span>Otros pasivos no<span class=\"_ _1\"></span> corrientes y corrientes La composici\u00f3n de<span class=\"_ _1\"></span> este ep\u00edgrafe a <span class=\"_ _1\"></span>31 de diciembre<span class=\"_ _1\"></span> es la siguiente: (miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Corriente No corriente Corriente No corriente Subvencione<span class=\"_ _1\"></span>s oficiales de c<span class=\"_ _1\"></span>apital - 5.100 - - Proveedor<span class=\"_ _1\"></span>es y acreedores v<span class=\"_ _1\"></span>arios 136.300 - 122.304 - Personal - re<span class=\"_ _1\"></span>muneraciones <span class=\"_ _1\"></span>pendientes de pago (<span class=\"_ _1\"></span>Bono) 3.178 - 3.229 - 139.478<span class=\"ls0\"> </span>5.100<span class=\"ls0\"> </span>125.533<span class=\"ls0\"> </span>- Dentro del <span class=\"_ _6\"></span>ep\u00edgrafe de Pr<span class=\"_ _1\"></span>oveedores <span class=\"_ _1\"></span>y acreedore<span class=\"_ _1\"></span>s vari<span class=\"_ _6\"></span>as, se incluyen p<span class=\"_ _1\"></span>roveedore<span class=\"_ _1\"></span>s de inm<span class=\"_ _1\"></span>ovilizado p<span class=\"_ _1\"></span>or importe <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>132 <span class=\"_ _6\"></span>millones d<span class=\"_ _6\"></span>e euros <span class=\"_ _10\"></span>a 31 <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>dicie<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>2025 (118<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>millones <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _6\"></span>de dicie<span class=\"_ _1\"></span>mbre de 2024<span class=\"ls2e\">).</span> El ep\u00edgrafe de subvenci<span class=\"_ _1\"></span>ones se corresponde c<span class=\"_ _1\"></span>on importes concedid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s para la adquisici\u00f3n de bat<span class=\"_ _1\"></span>er\u00edas<span class=\"ls28\">. </span>El movimiento hab<span class=\"_ _1\"></span>ido en este ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>durante el ejer<span class=\"_ _1\"></span>cicio 2025 es el siguient<span class=\"_ _1\"></span>e: (miles de euros) Saldo al 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 2024 - Altas 5.100 Imputaci\u00f3n a r<span class=\"_ _1\"></span>esultados (\u201cot<span class=\"_ _1\"></span>ros ingresos\u201d)<span class=\"ff4\"> (Nota <span class=\"_ _1\"></span><span class=\"ls3\">16<span class=\"ls0\">.1) </span></span></span>- Otros - Saldo al 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de<span class=\"_ _38\"> </span> 2025 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-422": {
   "value": "14<span class=\"ls33\">.5</span> <span class=\"_ _23\"> </span>Otros pasivos no<span class=\"_ _1\"></span> corrientes y corrientes La composici\u00f3n de<span class=\"_ _1\"></span> este ep\u00edgrafe a <span class=\"_ _1\"></span>31 de diciembre<span class=\"_ _1\"></span> es la siguiente: (miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Corriente No corriente Corriente No corriente Subvencione<span class=\"_ _1\"></span>s oficiales de c<span class=\"_ _1\"></span>apital - 5.100 - - Proveedor<span class=\"_ _1\"></span>es y acreedores v<span class=\"_ _1\"></span>arios 136.300 - 122.304 - Personal - re<span class=\"_ _1\"></span>muneraciones <span class=\"_ _1\"></span>pendientes de pago (<span class=\"_ _1\"></span>Bono) 3.178 - 3.229 - 139.478<span class=\"ls0\"> </span>5.100<span class=\"ls0\"> </span>125.533<span class=\"ls0\"> </span>- Dentro del <span class=\"_ _6\"></span>ep\u00edgrafe de Pr<span class=\"_ _1\"></span>oveedores <span class=\"_ _1\"></span>y acreedore<span class=\"_ _1\"></span>s vari<span class=\"_ _6\"></span>as, se incluyen p<span class=\"_ _1\"></span>roveedore<span class=\"_ _1\"></span>s de inm<span class=\"_ _1\"></span>ovilizado p<span class=\"_ _1\"></span>or importe <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>132 <span class=\"_ _6\"></span>millones d<span class=\"_ _6\"></span>e euros <span class=\"_ _10\"></span>a 31 <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>dicie<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>2025 (118<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>millones <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _6\"></span>de dicie<span class=\"_ _1\"></span>mbre de 2024<span class=\"ls2e\">).</span> El ep\u00edgrafe de subvenci<span class=\"_ _1\"></span>ones se corresponde c<span class=\"_ _1\"></span>on importes concedid<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s para la adquisici\u00f3n de bat<span class=\"_ _1\"></span>er\u00edas<span class=\"ls28\">. </span>El movimiento hab<span class=\"_ _1\"></span>ido en este ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>durante el ejer<span class=\"_ _1\"></span>cicio 2025 es el siguient<span class=\"_ _1\"></span>e: (miles de euros) Saldo al 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 2024 - Altas 5.100 Imputaci\u00f3n a r<span class=\"_ _1\"></span>esultados (\u201cot<span class=\"_ _1\"></span>ros ingresos\u201d)<span class=\"ff4\"> (Nota <span class=\"_ _1\"></span><span class=\"ls3\">16<span class=\"ls0\">.1) </span></span></span>- Otros - Saldo al 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de<span class=\"_ _38\"> </span>19.5 <span class=\"_ _23\"> </span>Informaci\u00f3n <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>periodo <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pago <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>proveedo<span class=\"_ _1\"></span>res. <span class=\"_ _e\"></span>Disposici\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>adicio<span class=\"_ _1\"></span>nal <span class=\"_ _0\"></span>tercera. \u201cDeber de informa<span class=\"_ _1\"></span>ci\u00f3n\u201d de la Ley<span class=\"_ _1\"></span> 15/2010, de <span class=\"_ _1\"></span>5 de julio<span class=\"ff3\"> </span>De <span class=\"_ _e\"></span>acuerdo <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>lo <span class=\"_ _e\"></span>establecido <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>disposici\u00f3n <span class=\"_ _e\"></span>adicional <span class=\"_ _e\"></span>\u00fanica <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>Resoluci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>29 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>enero <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span> 2016, <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Instituto <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Contabilidad <span class=\"_ _e\"></span>y <span class=\"_ _c\"></span>Auditor\u00eda <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>Cuentas, <span class=\"_ _e\"></span>sobre <span class=\"_ _b\"></span>la <span class=\"_ _c\"></span>informaci\u00f3<span class=\"_ _1\"></span>n <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>incorporar <span class=\"_ _b\"></span>en <span class=\"_ _b\"></span>la memoria  de  las  cuentas  anuales <span class=\"_ _27\"> </span>en <span class=\"_ _27\"> </span>relaci\u00f3n  con  el <span class=\"_ _27\"> </span>periodo<span class=\"_ _0\"></span>  medio  de <span class=\"_ _27\"> </span>pago  a <span class=\"_ _8\"> </span>proveedor<span class=\"_ _1\"></span>es  en operaciones com<span class=\"_ _1\"></span>erciales. La <span class=\"_ _5\"> </span>informaci\u00f3n <span class=\"_ _5\"> </span>relativa <span class=\"_ _7\"> </span>al <span class=\"_ _5\"> </span>periodo <span class=\"_ _5\"> </span>medio <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>pag<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>proveedores <span class=\"_ _5\"> </span>so<span class=\"_ _0\"></span>bre <span class=\"_ _5\"> </span>factur<span class=\"_ _1\"></span>as <span class=\"_ _5\"> </span>conformes <span class=\"_ _5\"> </span>es <span class=\"_ _5\"> </span>la 02<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>(D\u00edas) Periodo medi<span class=\"_ _1\"></span>o de pago a pr<span class=\"_ _1\"></span>oveedores 35<span class=\"ls0\"> </span>28<span class=\"ls0\"> </span>Ratio de<span class=\"_ _1\"></span> operaciones pagadas 29<span class=\"ls0\"> </span>29<span class=\"ls0\"> </span>Ratio de<span class=\"_ _1\"></span> operaciones pend<span class=\"_ _1\"></span>ientes de pago 26<span class=\"ls0\"> </span>26<span class=\"ls0\"> </span>(Miles de euros) Total pagos r<span class=\"_ _1\"></span>ealizados 6.814 5.336 Total pagos pe<span class=\"_ _1\"></span>ndientes 2.933 2.551 Volumen  monetario <span class=\"_ _3\"> </span>de  facturas <span class=\"_ _3\"> </span>pagadas <span class=\"_ _3\"> </span>en <span class=\"_ _3\"> </span>un <span class=\"_ _3\"> </span>periodo<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>inferior  al <span class=\"_ _3\"> </span>m\u00e1ximo <span class=\"_ _3\"> </span>estableci<span class=\"_ _1\"></span>do <span class=\"_ _3\"> </span>en  l<span class=\"_ _0\"></span>a normativa de<span class=\"_ _1\"></span> morosidad 6.473 5.070 Porcentaje<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>que repr<span class=\"_ _1\"></span>esentan <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>pagos<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>inferiores <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>dicho <span class=\"_ _6\"></span>m\u00e1ximo so<span class=\"_ _1\"></span>bre <span class=\"_ _6\"></span>el t<span class=\"_ _1\"></span>otal <span class=\"_ _6\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>pagos <span class=\"_ _6\"></span>realizados 95%<span class=\"ls0\"> </span>95% (N\u00famero de factura<span class=\"_ _1\"></span>s) Facturas pagadas e<span class=\"_ _1\"></span>n un peri<span class=\"_ _1\"></span>odo inferior al m\u00e1ximo e<span class=\"_ _1\"></span>stablecido<span class=\"_ _1\"></span> en la normativa de mor<span class=\"_ _1\"></span>osidad 1.284 1.268 Porcentaje<span class=\"_ _1\"></span> sobre el total<span class=\"_ _1\"></span> de factu",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "15.<span class=\"_ _0\"></span> <span class=\"_ _33\"> </span>Situ<span class=\"_ _0\"></span>aci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fisc<span class=\"_ _0\"></span>al El <span class=\"_ _e\"></span>detalle <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>saldos <span class=\"_ _b\"></span>relativ<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>a <span class=\"_ _e\"></span>activos <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>pasivos <span class=\"_ _b\"></span>fiscales <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>2025 <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>2024 <span class=\"_ _e\"></span>es <span class=\"_ _b\"></span>el siguiente: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Activos po<span class=\"_ _1\"></span>r impuesto difer<span class=\"_ _1\"></span>ido 42.487 46.981 Pasivos por<span class=\"_ _1\"></span> impuesto diferido (60.073) (39.708) Otros c<span class=\"_ _1\"></span>r\u00e9ditos con las Admini<span class=\"_ _1\"></span>straciones P\u00fabli<span class=\"_ _1\"></span>cas 10.693 559<span class=\"ls0\"> </span>  <span class=\"ff8 ls0\">Impuesto so<span class=\"_ _1\"></span>bre el valor a\u00f1<span class=\"_ _1\"></span>adido<span class=\"ff4\"> </span></span>10.693 559<span class=\"ls0\"> </span>(6.893)<span class=\"ls0\"> </span>7.832<span class=\"ls0\"> </span>Pasivos por<span class=\"_ _1\"></span> impuesto corr<span class=\"_ _1\"></span>iente 198<span class=\"ls0\"> </span>10.904 Otras de<span class=\"_ _1\"></span>udas con las Administ<span class=\"_ _1\"></span>raciones P\u00fablicas 2.606 2.864   <span class=\"ls0\">IRPF </span>300<span class=\"ls0\"> </span>457<span class=\"ls0\"> </span>  <span class=\"ls0\">Seguridad S<span class=\"_ _1\"></span>ocial  </span>362<span class=\"ls0\"> </span>400<span class=\"ls0\"> </span>  <span class=\"ls0\">IVPEE </span>1.944 2.007 2.804<span class=\"ls0\"> </span>13.768<span class=\"ls0\"> </span>Desde <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ejercicio <span class=\"_ _e\"></span>2010 <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Sociedad <span class=\"_ _b\"></span>dominan<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>tributa <span class=\"_ _e\"></span>en <span class=\"_ _b\"></span>r\u00e9gimen <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>consolida<span class=\"_ _1\"></span>ci\u00f3n <span class=\"_ _e\"></span>fiscal, <span class=\"_ _e\"></span>siendo <span class=\"_ _b\"></span>la<span class=\"_ _1\"></span> misma la<span class=\"_ _1\"></span> cabecera <span class=\"_ _1\"></span>del Gru<span class=\"_ _6\"></span>po. Seg\u00fan las <span class=\"_ _6\"></span>disposiciones legales <span class=\"_ _6\"></span>vigentes, las <span class=\"_ _1\"></span>liquidaciones<span class=\"_ _1\"></span> de i<span class=\"_ _1\"></span>mpuestos<span class=\"_ _1\"></span> no <span class=\"_ _3\"> </span>pueden <span class=\"_ _3\"> </span>considerars<span class=\"_ _6\"></span>e  d<span class=\"_ _1\"></span>efinitivas <span class=\"_ _3\"> </span>hasta <span class=\"_ _5\"> </span>que <span class=\"_ _3\"> </span>no <span class=\"_ _3\"> </span>hayan <span class=\"_ _3\"> </span>sid<span class=\"_ _1\"></span>o  in<span class=\"_ _1\"></span>speccionadas <span class=\"_ _5\"> </span>por <span class=\"_ _3\"> </span>las <span class=\"_ _3\"> </span>autoridades<span class=\"_ _6\"></span> fiscales <span class=\"_ _c\"></span>o <span class=\"_ _7\"></span>haya <span class=\"_ _c\"></span>transcurrido <span class=\"_ _c\"></span>el <span class=\"_ _7\"></span>plazo <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>prescripci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _7\"></span>actualmente <span class=\"_ _c\"></span>establecido <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>cuatro<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>ejercicios desde <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>presentaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>impuestos <span class=\"_ _0\"></span>para <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>sociedades <span class=\"_ _0\"></span>espa\u00f1olas. <span class=\"_ _e\"></span>Las <span class=\"_ _e\"></span>filiales <span class=\"_ _0\"></span>fuera <span class=\"_ _e\"></span>de Espa\u00f1a <span class=\"_ _6\"></span>tambi\u00e9n <span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>abiertos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>inspecci\u00f3n <span class=\"_ _6\"></span>todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>funci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>legislaci\u00f3n <span class=\"_ _6\"></span>fiscal <span class=\"_ _6\"></span>local",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "15<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>C\u00e1lculo del Impuesto<span class=\"_ _1\"></span> sobre Socieda<span class=\"_ _1\"></span>des La <span class=\"_ _6\"></span>conciliaci\u00f3n <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>resultado <span class=\"_ _6\"></span>antes <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>impuestos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _1\"></span>gasto/ingreso<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Impuesto <span class=\"_ _10\"></span>sobre <span class=\"_ _10\"></span>Sociedades es la siguiente: <span class=\"_ _6\"></span> Miles de euros<span class=\"_ _1\"></span> Cuenta de resultado<span class=\"_ _6\"></span>s 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Impuesto cor<span class=\"_ _1\"></span>riente (3.954) (10.999) Impuesto dif<span class=\"_ _1\"></span>erido (25.759) (18.618) Regularizaci<span class=\"_ _1\"></span>\u00f3n de ejercic<span class=\"_ _1\"></span>ios anteriores (2.947) (1.911) Impuesto sobre B<span class=\"_ _1\"></span>eneficios <span class=\"ffc\">\u2013</span> (gasto) <span class=\"_ _1\"></span>/ ingreso (32.660) (31.528) Miles de euros<span class=\"_ _1\"></span> Cuenta de resultado<span class=\"_ _6\"></span>s 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Grupo Fisc<span class=\"_ _1\"></span>al en Espa\u00f1a  (20.875) (25.796) Filiales <span class=\"_ _1\"></span>extranjeros (8.838) (3.822) Regularizaci<span class=\"_ _1\"></span>\u00f3n de ejercic<span class=\"_ _1\"></span>ios anteriores (2.947) (1.911) Impuesto sobre B<span class=\"_ _1\"></span>eneficios <span class=\"ffc\">\u2013</span> (gasto) <span class=\"_ _1\"></span>/ ingreso (32.660) (31.529) 15<span class=\"ls33\">.2</span> <span class=\"_ _23\"> </span>Activos y pasivos po<span class=\"_ _1\"></span>r impuesto<span class=\"_ _1\"></span> diferido El <span class=\"_ _6\"></span>detalle y <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>movim<span class=\"_ _0\"></span>ient<span class=\"_ _1\"></span>os <span class=\"_ _6\"></span>de las <span class=\"_ _6\"></span>distintas <span class=\"_ _1\"></span>partidas <span class=\"_ _6\"></span>que co<span class=\"_ _1\"></span>mponen <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _1\"></span>y <span class=\"_ _6\"></span>pasivo<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>por impu<span class=\"_ _1\"></span>esto diferido son los siguien<span class=\"_ _1\"></span>tes: Variaciones refleja<span class=\"_ _1\"></span>das en (Miles de euros) Saldo inicial Cuenta de resultado<span class=\"_ _6\"></span>s Patrimonio neto<span class=\"_ _1\"></span> Saldo final Ejercicio 2025<span class=\"_ _1\"></span> Activos po<span class=\"_ _1\"></span>r impuesto difer<span class=\"_ _1\"></span>ido    <span class=\"ls0\">Bases imponi<span class=\"_ _1\"></span>bles negativas </span>6.488 (1.660) - 4.828    <span class=\"ls0\">Deduccio<span class=\"_ _1\"></span>nes pendientes de<span class=\"_ _1\"></span> aplicar </span>8.290 (8.290) - -    <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a y otros </span>8.007 (915) (1.118) 5.974    <span class=\"ls0\">Otras difer<span class=\"_ _1\"></span>encias temporarias p<span class=\"_ _1\"></span>endientes de<span class=\"_ _1\"></span> revertir </span>24.196 7.490 - 31.686 Pasivos por<span class=\"_ _1\"></span> impuesto diferido    <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a (Energia) </span>(16.777) - 2.091 (14.686)    <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a (Tipo de Interes) </span>(6.176) - (73) (6.249)    <span class=\"ls0\">Otras difer<span class=\"_ _1\"></span>encias temporarias p<span class=\"_ _1\"></span>endientes de<span class=\"_ _1\"></span> revertir </span>(16.754) (22.384) - (39.138) 7.274<span class=\"ls0\"> </span>(25.759) 900<span class=\"ls0\"> </span>(17.585) Variaciones refleja<span class=\"_ _1\"></span>das en (Miles de euros) Saldo inicial Cuenta de resultado<span class=\"_ _6\"></span>s Patrimonio neto<span class=\"_ _1\"></span> Saldo final Ejercicio 2024<span class=\"_ _1\"></span> Activos po<span class=\"_ _1\"></span>r impuesto difer<span class=\"_ _1\"></span>ido    <span class=\"ls0\">Bases imponi<span class=\"_ _1\"></span>bles negativas </span>13.197 (6.709) - 6.488    <span class=\"ls0\">Deduccio<span class=\"_ _1\"></span>nes pendientes de<span class=\"_ _1\"></span> aplicar </span>13.570 (5.280) - 8.290    <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a y otros </span>4.134 (550) 4.423 8.007    <span class=\"ls0\">Otras difer<span class=\"_ _1\"></span>encias temporarias p<span class=\"_ _1\"></span>endientes de<span class=\"_ _1\"></span> </span>revertir 21.223 2.973 - 24.196 Pasivos por<span class=\"_ _1\"></span> impuesto diferido    <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a (Energia) </span>(8.359) - (8.418) (16.777)    <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a (Tipo de Interes) </span>(10.174) - 3.998 (6.176)    <span class=\"ls0\">Otras difer<span class=\"_ _1\"></span>encias temporarias p<span class=\"_ _1\"></span>endientes de<span class=\"_ _1\"></span> </span>revertir (7.702) (9.052) - (16.754) 25.888<span class=\"ls0\"> </span>(18.618) 3 7.274<span class=\"ls0\"> </span>Bases imponib<span class=\"_ _1\"></span>les negativas pen<span class=\"_ _1\"></span>dientes de compe<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>sar  El detalle de las bases<span class=\"_ _6\"></span> im<span class=\"_ _0\"></span>ponib<span class=\"_ _1\"></span>les negativas del Grup<span class=\"_ _1\"></span>o es el siguiente<span class=\"_ _1\"></span>: Miles de euros<span class=\"_ _1\"></span> Ejercicio de generaci<span class=\"_ _1\"></span>\u00f3n 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>2013<span class=\"ls0\"> </span>17.041 23.684 2014<span class=\"ls0\"> </span>2.269 2.269 19.310<span class=\"ls0\"> </span>25<span class=\"ls5\">.953</span> A <span class=\"_ _e\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>2025 <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>2024, <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>tiene <span class=\"_ _e\"></span>reconocidos <span class=\"_ _e\"></span>activos <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>impuesto <span class=\"_ _e\"></span>diferido <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>la totalidad de las bas<span class=\"_ _1\"></span>es imponibles negativa<span class=\"_ _1\"></span>s pendiente<span class=\"_ _1\"></span>s de compensar.  Otras diferencias temp<span class=\"_ _1\"></span>orarias El <span class=\"_ _13\"> </span><span class=\"ff7\">apartado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>\u201cotras <span class=\"_ _8\"> </span>diferencias <span class=\"_ _13\"> </span>temporarias<span class=\"_ _1\"></span>\u201d<span class=\"ff4\"> <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>impuestos <span class=\"_ _13\"> </span>diferidos <span class=\"_ _8\"> </span>deudores <span class=\"_ _13\"> </span>contiene </span></span>principalmente <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>eliminaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>m\u00e1rgenes <span class=\"_ _0\"></span>internos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>van <span class=\"_ _e\"></span>revirtiend<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>medida <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan los <span class=\"_ _5\"> </span>activos, <span class=\"_ _5\"> </span>as\u00ed <span class=\"_ _5\"> </span>como <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>limitaci\u00f3n <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>compensaci\u00f3n <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>50% <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _5\"> </span>bases <span class=\"_ _5\"> </span>imponibles <span class=\"_ _5\"> </span>negativas<span class=\"_ _6\"></span> individuales del <span class=\"_ _1\"></span>ejercicio 2023,202<span class=\"_ _1\"></span>4 y 2025 (Nota <span class=\"lsc\">4.<span class=\"_ _6\"></span><span class=\"lsf\">10<span class=\"_ _0\"></span><span class=\"ls2e\">).<span class=\"ls0\"> </span></span></span></span>Por <span class=\"_ _7\"> </span>\u00faltimo<span class=\"ff7\">, <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>apartado <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>\u201cotras <span class=\"_ _7\"> </span>diferencias <span class=\"_ _7\"></span>temporarias\u201d <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _7\"></span>impuestos <span class=\"_ _7\"></span></span>diferidos <span class=\"_ _7\"> </span>acreedores contiene <span class=\"_ _e\"></span>principalmente <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>diferencias <span class=\"_ _e\"></span>entre <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>amortizaci\u00f3n <span class=\"_ _e\"></span>contable <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>fiscal <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>ir\u00e1 <span class=\"_ _e\"></span>rev<span class=\"_ _0\"></span>irtiendo<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>a medida que se am<span class=\"_ _1\"></span>orticen los activ<span class=\"_ _1\"></span>os. Resultad<span class=\"_ _1\"></span>o Consolidado antes <span class=\"_ _1\"></span>de impuestos 170.050 120.143 Diferencias<span class=\"_ _1\"></span> permanentes (60.170) (5.998) Resultad<span class=\"_ _1\"></span>o antes de impuesto<span class=\"_ _1\"></span>s teorico ajustado 109.880 114.145 Gasto por Impuest<span class=\"_ _1\"></span>o teorico al t<span class=\"_ _1\"></span>ipo impositi<span class=\"_ _1\"></span>vo Espa\u00f1a (25%) 27.470<span class=\"ls0\"> </span>28.536<span class=\"ls0\"> </span>Impuesto Corri<span class=\"_ _1\"></span>ente 3.954 10.999 Impuesto dif<span class=\"_ _1\"></span>erido y otros 25.759 18.618 Regularizaci<span class=\"_ _1\"></span>\u00f3n de ejercic<span class=\"_ _1\"></span>ios anteriores 2.947 1.911 Imputaci\u00f3n AID al<span class=\"_ _1\"></span> resultad<span class=\"_ _1\"></span>o  - - Gasto por impuesto <span class=\"_ _6\"></span>en la cuenta de resultado<span class=\"_ _1\"></span>s 32.660<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-373": {
   "value": "<div class=\"c w2 h0_1 gse1\"><div class=\"t m0 x3 h6 y559 ff3 fs4 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h6 y55a ff3 fs4 fc1 sc0 ls0 ws0\">15<span class=\"ls33\">.2</span> <span class=\"_ _23\"> </span>Activos y pasivos po<span class=\"_ _1\"></span>r impuesto<span class=\"_ _1\"></span> diferido </div><div class=\"t m0 x3 h7 y55b ff4 fs4 fc0 sc0 ls0 ws0\">El <span class=\"_ _6\"></span>detalle y <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>movim<span class=\"_ _0\"></span>ient<span class=\"_ _1\"></span>os <span class=\"_ _6\"></span>de las <span class=\"_ _6\"></span>distintas <span class=\"_ _1\"></span>partidas <span class=\"_ _6\"></span>que co<span class=\"_ _1\"></span>mponen <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _1\"></span>y <span class=\"_ _6\"></span>pasivo<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>por impu<span class=\"_ _1\"></span>esto </div><div class=\"t m0 x3 h7 y55c ff4 fs4 fc0 sc0 ls0 ws0\">diferido son los siguien<span class=\"_ _1\"></span>tes: </div></div><div class=\"c wb7 hb gse2\"><div class=\"t m0 x0_1 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Variaciones refleja<span class=\"_ _1\"></span>das en </div></div><div class=\"c wb5 hb gse3\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">(Miles de euros) </div></div><div class=\"c wb6 hb gse4\"><div class=\"t m0 x5e hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Saldo inicial </div></div><div class=\"c w5c hb gse5\"><div class=\"t m0 x27 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Cuenta de resultado<span class=\"_ _6\"></span>s </div></div><div class=\"c wb9 hb gse6\"><div class=\"t m0 x5e hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Patrimonio neto<span class=\"_ _1\"></span> </div></div><div class=\"c wb8 hb gse7\"><div class=\"t m0 x2a hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Saldo final </div></div><div class=\"c wb5 hb gse8\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Ejercicio 2025<span class=\"_ _1\"></span> </div></div><div class=\"c wb5 hb gse9\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Activos po<span class=\"_ _1\"></span>r impuesto difer<span class=\"_ _1\"></span>ido </div></div><div class=\"c wb5 hd gsea\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Bases imponi<span class=\"_ _1\"></span>bles negativas </span></div></div><div class=\"c wb6 hd gseb\"><div class=\"t m0 xbf he y29 ff4 fs6 fc0 sc0 ls0 ws0\">6.488 </div></div><div class=\"c w5c hd gsec\"><div class=\"t m0 x99 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(1.660) </div></div><div class=\"c wb9 hd gsed\"><div class=\"t m0 x88 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wb8 hd gsee\"><div class=\"t m0 x20 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">4.828 </div></div><div class=\"c wb5 hb gsef\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Deduccio<span class=\"_ _1\"></span>nes pendientes de<span class=\"_ _1\"></span> aplicar </span></div></div><div class=\"c wb6 hb gsf0\"><div class=\"t m0 xbf he y27 ff4 fs6 fc0 sc0 ls0 ws0\">8.290 </div></div><div class=\"c w5c hb gsf1\"><div class=\"t m0 x99 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(8.290) </div></div><div class=\"c wb9 hb gsf2\"><div class=\"t m0 x88 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wb8 hb gsf3\"><div class=\"t m0 x71 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wb5 hd gsf4\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a y otros </span></div></div><div class=\"c wb6 hd gsf5\"><div class=\"t m0 xbf he y29 ff4 fs6 fc0 sc0 ls0 ws0\">8.007 </div></div><div class=\"c w5c hd gsf6\"><div class=\"t m0 x88 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(915) </div></div><div class=\"c wb9 hd gsf7\"><div class=\"t m0 x21 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(1.118) </div></div><div class=\"c wb8 hd gsf8\"><div class=\"t m0 x20 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">5.974 </div></div><div class=\"c wb5 hb gsf9\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Otras difer<span class=\"_ _1\"></span>encias temporarias p<span class=\"_ _1\"></span>endientes de<span class=\"_ _1\"></span> revertir </span></div></div><div class=\"c wb6 hb gsfa\"><div class=\"t m0 x97 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">24.196 </div></div><div class=\"c w5c hb gsfb\"><div class=\"t m0 x48 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">7.490 </div></div><div class=\"c wb9 hb gsfc\"><div class=\"t m0 x88 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wb8 hb gsfd\"><div class=\"t m0 x1e he y27 ff4 fs6 fc0 sc0 ls0 ws0\">31.686 </div></div><div class=\"c wb5 hf gsfe\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Pasivos por<span class=\"_ _1\"></span> impuesto diferido </div></div><div class=\"c wb5 hd gsff\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a (Energia) </span></div></div><div class=\"c wb6 hd gs100\"><div class=\"t m0 x13 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(16.777) </div></div><div class=\"c w5c hd gs101\"><div class=\"t m0 x49 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wb9 hd gs102\"><div class=\"t m0 x71 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">2.091 </div></div><div class=\"c wb8 hd gs103\"><div class=\"t m0 x39 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(14.686) </div></div><div class=\"c wb5 hb gs104\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a (Tipo de Interes) </span></div></div><div class=\"c wb6 hb gs105\"><div class=\"t m0 x14 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(6.176) </div></div><div class=\"c w5c hb gs106\"><div class=\"t m0 x49 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wb9 hb gs107\"><div class=\"t m0 x1f he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(73) </div></div><div class=\"c wb8 hb gs108\"><div class=\"t m0 x1e he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(6.249) </div></div><div class=\"c wb5 hd gs109\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Otras difer<span class=\"_ _1\"></span>encias temporarias p<span class=\"_ _1\"></span>endientes de<span class=\"_ _1\"></span> revertir </span></div></div><div class=\"c wb6 hd gs10a\"><div class=\"t m0 x13 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(16.754) </div></div><div class=\"c w5c hd gs10b\"><div class=\"t m0 x1f he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(22.384) </div></div><div class=\"c wb9 hd gs10c\"><div class=\"t m0 x88 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wb8 hd gs10d\"><div class=\"t m0 x39 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(39.138) </div></div><div class=\"c wb6 hd gs10e\"><div class=\"t m0 x5d hc y29 ff3 fs6 fc0 sc0 ls3 ws0\">7.274<span class=\"ls0\"> </span></div></div><div class=\"c w5c hd gs10f\"><div class=\"t m0 x1f hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">(25.759) </div></div><div class=\"c wb9 hd gs110\"><div class=\"t m0 x63 hc y29 ff3 fs6 fc0 sc0 ls3 ws0\">900<span class=\"ls0\"> </span></div></div><div class=\"c wbc hb gs112\"><div class=\"t m0 x97 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Variaciones refleja<span class=\"_ _1\"></span>das en </div></div><div class=\"c wba hb gs113\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">(Miles de euros) </div></div><div class=\"c wbb hb gs114\"><div class=\"t m0 x18 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Saldo inicial </div></div><div class=\"c wbe hb gs115\"><div class=\"t m0 x11 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Cuenta de resultado<span class=\"_ _6\"></span>s </div></div><div class=\"c wbf hb gs116\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Patrimonio neto<span class=\"_ _1\"></span> </div></div><div class=\"c wbd hb gs117\"><div class=\"t m0 x16 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Saldo final </div></div><div class=\"c wba hb gs118\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">Ejercicio 2024<span class=\"_ _1\"></span> </div></div><div class=\"c wba hd gs119\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Activos po<span class=\"_ _1\"></span>r impuesto difer<span class=\"_ _1\"></span>ido </div></div><div class=\"c wba hb gs11a\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Bases imponi<span class=\"_ _1\"></span>bles negativas </span></div></div><div class=\"c wbb hb gs11b\"><div class=\"t m0 x37 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">13.197 </div></div><div class=\"c wbe hb gs11c\"><div class=\"t m0 x63 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(6.709) </div></div><div class=\"c wbf hb gs11d\"><div class=\"t m0 x76 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wbd hb gs11e\"><div class=\"t m0 x3a he y27 ff4 fs6 fc0 sc0 ls0 ws0\">6.488 </div></div><div class=\"c wba hb gs11f\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Deduccio<span class=\"_ _1\"></span>nes pendientes de<span class=\"_ _1\"></span> aplicar </span></div></div><div class=\"c wbb hb gs120\"><div class=\"t m0 x37 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">13.570 </div></div><div class=\"c wbe hb gs121\"><div class=\"t m0 x63 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(5.280) </div></div><div class=\"c wbf hb gs122\"><div class=\"t m0 x76 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wbd hb gs123\"><div class=\"t m0 x3a he y27 ff4 fs6 fc0 sc0 ls0 ws0\">8.290 </div></div><div class=\"c wba hd gs124\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a y otros </span></div></div><div class=\"c wbb hd gs125\"><div class=\"t m0 x3c he y29 ff4 fs6 fc0 sc0 ls0 ws0\">4.134 </div></div><div class=\"c wbe hd gs126\"><div class=\"t m0 x45 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(550) </div></div><div class=\"c wbf hd gs127\"><div class=\"t m0 x3a he y29 ff4 fs6 fc0 sc0 ls0 ws0\">4.423 </div></div><div class=\"c wbd hd gs128\"><div class=\"t m0 x3a he y29 ff4 fs6 fc0 sc0 ls0 ws0\">8.007 </div></div><div class=\"c wba h69 gs129\"><div class=\"t m0 xa he y575 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Otras difer<span class=\"_ _1\"></span>encias temporarias p<span class=\"_ _1\"></span>endientes de<span class=\"_ _1\"></span> </span></div><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">revertir </div></div><div class=\"c wbb h69 gs12a\"><div class=\"t m0 x37 he y350 ff4 fs6 fc0 sc0 ls0 ws0\">21.223 </div></div><div class=\"c wbe h69 gs12b\"><div class=\"t m0 xc3 he y350 ff4 fs6 fc0 sc0 ls0 ws0\">2.973 </div></div><div class=\"c wbf h69 gs12c\"><div class=\"t m0 x76 he y350 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wbd h69 gs12d\"><div class=\"t m0 x0_1 he y350 ff4 fs6 fc0 sc0 ls0 ws0\">24.196 </div></div><div class=\"c wba hd gs12e\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Pasivos por<span class=\"_ _1\"></span> impuesto diferido </div></div><div class=\"c wba hd gs12f\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a (Energia) </span></div></div><div class=\"c wbb hd gs130\"><div class=\"t m0 x37 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(8.359) </div></div><div class=\"c wbe hd gs131\"><div class=\"t m0 xc4 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wbf hd gs132\"><div class=\"t m0 x0_1 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(8.418) </div></div><div class=\"c wbd hd gs133\"><div class=\"t m0 x36 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">(16.777) </div></div><div class=\"c wba hf gs134\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Operacio<span class=\"_ _1\"></span>nes de cobertur<span class=\"_ _1\"></span>a (Tipo de Interes) </span></div></div><div class=\"c wbb hf gs135\"><div class=\"t m0 x38 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(10.174) </div></div><div class=\"c wbe hf gs136\"><div class=\"t m0 xc4 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wbf hf gs137\"><div class=\"t m0 x3a he y27 ff4 fs6 fc0 sc0 ls0 ws0\">3.998 </div></div><div class=\"c wbd hf gs138\"><div class=\"t m0 x0_1 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">(6.176) </div></div><div class=\"c wba h26 gs139\"><div class=\"t m0 xa he y207 ff4 fs6 fc0 sc0 ls43 ws0\">   <span class=\"ls0\">Otras difer<span class=\"_ _1\"></span>encias temporarias p<span class=\"_ _1\"></span>endientes de<span class=\"_ _1\"></span> </span></div><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">revertir </div></div><div class=\"c wbb h26 gs13a\"><div class=\"t m0 x37 he y350 ff4 fs6 fc0 sc0 ls0 ws0\">(7.702) </div></div><div class=\"c wbe h26 gs13b\"><div class=\"t m0 x63 he y350 ff4 fs6 fc0 sc0 ls0 ws0\">(9.052) </div></div><div class=\"c wbf h26 gs13c\"><div class=\"t m0 x76 he y350 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wbd h26 gs13d\"><div class=\"t m0 x36 he y350 ff4 fs6 fc0 sc0 ls0 ws0\">(16.754) </div></div><div class=\"c wbb hb gs13e\"><div class=\"t m0 x37 hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">25.888<span class=\"ls0\"> </span></div></div><div class=\"c wbe hb gs13f\"><div class=\"t m0 x8f hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">(18.618) </div></div><div class=\"c wbf hb gs140\"><div class=\"t m0 x63 hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">3 </div></div><div class=\"c wbd hb gs141\"><div class=\"t m0 x3a hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">7.274<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0_1 gs142\"><div class=\"t m0 x3 h2c y211 ff9 fs4 fc0 sc0 ls0 ws0\">Bases imponib<span class=\"_ _1\"></span>les negativas pen<span class=\"_ _1\"></span>dientes de compe<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>sar  </div><div class=\"t m0 x3 h7 y57b ff4 fs4 fc0 sc0 ls0 ws0\">El detalle de las bases<span class=\"_ _6\"></span> im<span class=\"_ _0\"></span>ponib<span class=\"_ _1\"></span>les negativas del Grup<span class=\"_ _1\"></span>o es el siguiente<span class=\"_ _1\"></span>: </div><div class=\"t m0 x3 h7 y57c ff4 fs4 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c wc1 h6b gs143\"><div class=\"t m0 xbf hc y468 ff3 fs6 fc0 sc0 ls0 ws0\">Miles de euros<span class=\"_ _1\"></span> </div></div><div class=\"c wc0 hd gs144\"><div class=\"t m0 x1f hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">Ejercicio de generaci<span class=\"_ _1\"></span>\u00f3n </div></div><div class=\"c wc2 hd gs145\"><div class=\"t m0 xe hc y29 ff3 fs6 fc0 sc0 ls3 ws0\">202<span class=\"ls0\">5 </span></div></div><div class=\"c wc3 hd gs146\"><div class=\"t m0 xe hc y29 ff3 fs6 fc0 sc0 ls3 ws0\">202<span class=\"ls0\">4 </span></div></div><div class=\"c wc0 hb gs147\"><div class=\"t m0 xc8 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">2013<span class=\"ls0\"> </span></div></div><div class=\"c wc2 hb gs148\"><div class=\"t m0 x20 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">17.041 </div></div><div class=\"c wc3 hb gs149\"><div class=\"t m0 x5d he y27 ff4 fs6 fc0 sc0 ls0 ws0\">23.684 </div></div><div class=\"c wc0 hb gs14a\"><div class=\"t m0 xc8 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">2014<span class=\"ls0\"> </span></div></div><div class=\"c wc2 hb gs14b\"><div class=\"t m0 x3b he y27 ff4 fs6 fc0 sc0 ls0 ws0\">2.269 </div></div><div class=\"c wc3 hb gs14c\"><div class=\"t m0 x38 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">2.269 </div></div><div class=\"c wc2 hf gs14d\"><div class=\"t m0 x20 hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">19.310<span class=\"ls0\"> </span></div></div><div class=\"c wc3 hf gs14e\"><div class=\"t m0 x5d hc y27 ff3 fs6 fc0 sc0 ls0 ws0\">25<span class=\"ls5\">.953</span> </div></div><div class=\"c w2 h0_1 gs142\"><div class=\"t m0 x3 h7 yb4 ff4 fs4 fc0 sc0 ls0 ws0\">A <span class=\"_ _e\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>2025 <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>2024, <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>tiene <span class=\"_ _e\"></span>reconocidos <span class=\"_ _e\"></span>activos <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>impuesto <span class=\"_ _e\"></span>diferido <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>la </div><div class=\"t m0 x3 h7 y581 ff4 fs4 fc0 sc0 ls0 ws0\">totalidad de las bas<span class=\"_ _1\"></span>es imponibles negativa<span class=\"_ _1\"></span>s pendiente<span class=\"_ _1\"></span>s de compensar.  </div><div class=\"t m0 x3 h2c y582 ff9 fs4 fc0 sc0 ls0 ws0\">Otras diferencias temp<span class=\"_ _1\"></span>orarias </div><div class=\"t m0 x3 h7 y583 ff4 fs4 fc0 sc0 ls0 ws0\">El <span class=\"_ _13\"> </span><span class=\"ff7\">apartado <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>\u201cotras <span class=\"_ _8\"> </span>diferencias <span class=\"_ _13\"> </span>temporarias<span class=\"_ _1\"></span>\u201d<span class=\"ff4\"> <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>los <span class=\"_ _13\"> </span>impuestos <span class=\"_ _13\"> </span>diferidos <span class=\"_ _8\"> </span>deudores <span class=\"_ _13\"> </span>contiene </span></span></div><div class=\"t m0 x3 h7 y584 ff4 fs4 fc0 sc0 ls0 ws0\">principalmente <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>eliminaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>m\u00e1rgenes <span class=\"_ _0\"></span>internos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>van <span class=\"_ _e\"></span>revirtiend<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>medida <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan </div><div class=\"t m0 x3 h7 y585 ff4 fs4 fc0 sc0 ls0 ws0\">los <span class=\"_ _5\"> </span>activos, <span class=\"_ _5\"> </span>as\u00ed <span class=\"_ _5\"> </span>como <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>limitaci\u00f3n <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>compensaci\u00f3n <span class=\"_ _7\"> </span>del <span class=\"_ _5\"> </span>50% <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _5\"> </span>bases <span class=\"_ _5\"> </span>imponibles <span class=\"_ _5\"> </span>negativas<span class=\"_ _6\"></span> </div><div class=\"t m0 x3 h7 y586 ff4 fs4 fc0 sc0 ls0 ws0\">individuales del <span class=\"_ _1\"></span>ejercicio 2023,202<span class=\"_ _1\"></span>4 y 2025 (Nota <span class=\"lsc\">4.<span class=\"_ _6\"></span><span class=\"lsf\">10<span class=\"_ _0\"></span><span class=\"ls2e\">).<span class=\"ls0\"> </span></span></span></span></div><div class=\"t m0 x3 h7 y587 ff4 fs4 fc0 sc0 ls0 ws0\">Por <span class=\"_ _7\"> </span>\u00faltimo<span class=\"ff7\">, <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>apartado <span class=\"_ _7\"> </span>de <span class=\"_ _7\"></span>\u201cotras <span class=\"_ _7\"> </span>diferencias <span class=\"_ _7\"></span>temporarias\u201d <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>los <span class=\"_ _7\"></span>impuestos <span class=\"_ _7\"></span></span>diferidos <span class=\"_ _7\"> </span>acreedores </div><div class=\"t m0 x3 h7 y588 ff4 fs4 fc0 sc0 ls0 ws0\">contiene <span class=\"_ _e\"></span>principalmente <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>diferencias <span class=\"_ _e\"></span>entre <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>amortizaci\u00f3n <span class=\"_ _e\"></span>contable <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>fiscal <span class=\"_ _b\"></span>que <span class=\"_ _b\"></span>ir\u00e1 <span class=\"_ _e\"></span>rev<span class=\"_ _0\"></span>irtiendo<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>a </div><div class=\"t m0 x3 h7 y589 ff4 fs4 fc0 sc0 ls0 ws0\">medida que se am<span class=\"_ _1\"></span>orticen los activ<span class=\"_ _1\"></span>os. </div><div class=\"t m0 x3 h7 y27b ff4 fs4 fc0 sc0 ls0 ws0\"> <span class=\"_ _9\"> </span> </div></div>An\u00e1lisis recuper<span class=\"_ _1\"></span>aci\u00f3n activos p<span class=\"_ _1\"></span>or impuesto diferi<span class=\"_ _1\"></span>do Los ad<span class=\"_ _1\"></span>ministradores <span class=\"_ _6\"></span>de la S<span class=\"_ _1\"></span>ociedad do<span class=\"_ _1\"></span>minante han<span class=\"_ _1\"></span> rea<span class=\"_ _1\"></span>lizado una <span class=\"_ _6\"></span>estimaci\u00f3n d<span class=\"_ _1\"></span>e lo<span class=\"_ _1\"></span>s beneficios<span class=\"_ _1\"></span> fiscales<span class=\"_ _6\"></span> futuros <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Grupo. <span class=\"_ _7\"></span>Tambi\u00e9<span class=\"_ _1\"></span>n <span class=\"_ _7\"></span>han <span class=\"_ _7\"></span>analizado <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>periodo <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>reversi\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>las <span class=\"_ _7\"></span>diferencias <span class=\"_ _c\"></span>temporarias imponibles, <span class=\"_ _c\"></span>identificando <span class=\"_ _b\"></span>aquellas <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>revierten <span class=\"_ _c\"></span>en <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>eje<span class=\"_ _0\"></span>rcicios <span class=\"_ _b\"></span>en <span class=\"_ _7\"></span>los <span class=\"_ _c\"></span>que <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>pueden <span class=\"_ _c\"></span>utilizar <span class=\"_ _c\"></span>las bases imponibles<span class=\"_ _1\"></span> negativas pend<span class=\"_ _1\"></span>ientes de compens<span class=\"_ _6\"></span>ar. En base a este an\u00e1lisis<span class=\"_ _1\"></span> y ten<span class=\"_ _1\"></span>iendo en cuenta e<span class=\"_ _1\"></span>l plan <span class=\"_ _27\"> </span>de <span class=\"_ _8\"> </span>negocio <span class=\"_ _8\"> </span>del  Grupo <span class=\"_ _8\"> </span>presentado  al <span class=\"_ _8\"> </span>mercado <span class=\"_ _27\"> </span>en <span class=\"_ _13\"> </span>n<span class=\"_ _1\"></span>oviembre  2<span class=\"_ _0\"></span>025 <span class=\"_ _8\"> </span>que  tiene <span class=\"_ _8\"> </span>previsto <span class=\"_ _27\"> </span>un crecimiento  sig<span class=\"_ _1\"></span>nificativo  d<span class=\"_ _6\"></span>e  los  resultados <span class=\"_ _3\"> </span>del  Grup<span class=\"_ _1\"></span>o  en  los<span class=\"_ _1\"></span>  pr\u00f3ximos <span class=\"_ _3\"> </span>ejercicios, <span class=\"_ _3\"> </span>el  Grup<span class=\"_ _1\"></span>o  tiene registrados <span class=\"_ _b\"></span>activos <span class=\"_ _c\"></span>por <span class=\"_ _b\"></span>impuesto <span class=\"_ _c\"></span>diferido <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>todos <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>conceptos <span class=\"_ _b\"></span>indicados <span class=\"_ _b\"></span>anteriormente <span class=\"_ _b\"></span>por <span class=\"_ _c\"></span>un importe <span class=\"_ _7\"> </span>total <span class=\"_ _5\"> </span>a <span class=\"_ _7\"> </span>31 <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>diciembre <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>202<span class=\"_ _0\"></span>5 <span class=\"_ _5\"> </span>de <span class=\"_ _7\"></span>42.487 <span class=\"_ _7\"> </span>miles <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>euros <span class=\"_ _7\"> </span>(46.981 <span class=\"_ _5\"> </span>miles <span class=\"_ _5\"> </span>euros <span class=\"_ _7\"></span>a <span class=\"_ _5\"> </span>31 <span class=\"_ _7\"> </span>de diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024). <span class=\"_ _6\"></span>Durante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _10\"></span>2<span class=\"_ _0\"></span>025 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2024, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _1\"></span>ha <span class=\"_ _6\"></span>aplicado <span class=\"_ _6\"></span>bases <span class=\"_ _6\"></span>imponibles<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>negativos en l\u00ednea con lo pre<span class=\"_ _1\"></span>visto en el citad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> plan de negoci<span class=\"_ _1\"></span>o.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-412": {
   "value": "<div class=\"c w2 h0_1 gs150\"><div class=\"t m0 x3 h4 y4f6 ff3 fs2 fc1 sc0 ls0 ws0\">16.<span class=\"_ _0\"></span> <span class=\"_ _33\"> </span>Ing<span class=\"_ _0\"></span>reso<span class=\"_ _0\"></span>s y<span class=\"_ _0\"></span> gas<span class=\"_ _0\"></span>tos<span class=\"_ _0\"></span> </div><div class=\"t m0 x3 h7 y592 ff4 fs4 fc0 sc0 ls0 ws0\">La <span class=\"_ _3\"> </span>naturaleza<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>princip<span class=\"_ _1\"></span>ales <span class=\"_ _3\"> </span>variacion<span class=\"_ _1\"></span>es <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>las <span class=\"_ _3\"> </span>partidas <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span>ingresos<span class=\"_ _1\"></span> <span class=\"_ _3\"> </span>y <span class=\"_ _5\"> </span>gastos <span class=\"_ _3\"> </span>del <span class=\"_ _5\"> </span>ejercicio <span class=\"_ _5\"> </span>en </div><div class=\"t m0 x3 h6 y593 ff4 fs4 fc0 sc0 ls0 ws0\">comparaci\u00f3n c<span class=\"_ _1\"></span>on el ejercicio ant<span class=\"_ _1\"></span>erior se explica en el I<span class=\"_ _1\"></span>nforme de Gesti\u00f3n c<span class=\"_ _1\"></span>onsolidad<span class=\"_ _1\"></span>o.<span class=\"ff3 fc1\"> </span></div><div class=\"t m0 x3 h6 y594 ff3 fs4 fc1 sc0 ls0 ws0\">16<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Importe neto de la<span class=\"_ _1\"></span> cifra de negocios y o<span class=\"_ _1\"></span>tros ingresos </div><div class=\"t m0 x3 h1e y595 ff4 fs1 fc0 sc0 ls0 ws0\">La distribuci\u00f3n del importe neto de la <span class=\"_ _1\"></span>cifra de negocios correspondiente a los ejercicios 2025 y 2024, distribuida </div><div class=\"t m0 x3 h1e y596 ff4 fs1 fc0 sc0 ls0 ws0\">por mercados geogr\u00e1ficos<span class=\"_ _0\"></span>, es la siguiente:<span class=\"_ _0\"></span> </div></div><div class=\"c wc4 hb gs151\"><div class=\"t m0 xa hc y27 ff3 fs6 fc0 sc0 ls0 ws0\"> (Miles de euros)<span class=\"_ _1\"></span> </div></div><div class=\"c wc5 hb gs152\"><div class=\"t m0 x40 hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">2025<span class=\"ls0\"> </span></div></div><div class=\"c wc6 hb gs153\"><div class=\"t m0 x40 hc y27 ff3 fs6 fc0 sc0 ls3 ws0\">2024<span class=\"ls0\"> </span></div></div><div class=\"c wc4 hd gs154\"><div class=\"t m0 xa hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">Importe neto de la <span class=\"_ _1\"></span>cifra de negoci<span class=\"_ _1\"></span>os </div></div><div class=\"c wc5 hd gs155\"><div class=\"t m0 x49 hc y29 ff3 fs6 fc0 sc0 ls3 ws0\">197.443<span class=\"ls0\"> </span></div></div><div class=\"c wc6 hd gs156\"><div class=\"t m0 x49 hc y29 ff3 fs6 fc0 sc0 ls3 ws0\">176.905<span class=\"ls0\"> </span></div></div><div class=\"c wc4 hb gs157\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Ventas </div></div><div class=\"c wc5 hb gs158\"><div class=\"t m0 x5 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">1<span class=\"ls3\">23</span>.305 </div></div><div class=\"c wc6 hb gs159\"><div class=\"t m0 x49 hc y27 ff4 fs6 fc0 sc0 ls0 ws0\">1<span class=\"ls3\">34</span>.9<span class=\"ls3\">86</span><span class=\"ff3\"> </span></div></div><div class=\"c wc4 hb gs15a\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Prestaci\u00f3<span class=\"_ _1\"></span>n de servicios </div></div><div class=\"c wc5 hb gs15b\"><div class=\"t m0 xc8 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">74.138 </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-423": {
   "value": "16.2 <span class=\"_ _23\"> </span>Gastos de personal El detalle de los gas<span class=\"_ _1\"></span>tos de personal <span class=\"_ _1\"></span>es el siguiente: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Sueldos, salar<span class=\"_ _1\"></span>ios y asimilado<span class=\"_ _1\"></span>s Sueldos y s<span class=\"_ _1\"></span>alarios 17.709 17.413 Cargas sociale<span class=\"_ _1\"></span>s Seguridad soc<span class=\"_ _1\"></span>ial 3.644 3.749 21<span class=\"ls5\">.353<span class=\"ls0\"> </span></span>21.16<span class=\"ls0\">2</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-413": {
   "value": "<div class=\"c w2 h0_1 gs15d\"><div class=\"t m0 x3 h6 y5a8 ff3 fs4 fc1 sc0 ls0 ws0\">16.3 <span class=\"_ _23\"> </span>Otros gastos de explota<span class=\"_ _1\"></span>ci\u00f3n </div><div class=\"t m0 x3 h7 y5a9 ff4 fs4 fc0 sc0 ls0 ws0\">El detalle de los <span class=\"_ _1\"></span>otros gastos de explota<span class=\"_ _1\"></span>ci\u00f3n es el sigui<span class=\"_ _1\"></span>ente: </div></div><div class=\"c wae hd gs15e\"><div class=\"t m0 xa hc y29 ff3 fs6 fc0 sc0 ls0 ws0\">(Miles de euros) </div></div><div class=\"c waf hd gs15f\"><div class=\"t m0 x13 hc y29 ff3 fs6 fc0 sc0 ls3 ws0\">2025<span class=\"ls0\"> </span></div></div><div class=\"c wb0 hd gs160\"><div class=\"t m0 x13 hc y29 ff3 fs6 fc0 sc0 ls3 ws0\">2024<span class=\"ls0\"> </span></div></div><div class=\"c wae hd gs161\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Reparaci<span class=\"_ _1\"></span>ones y conservaci<span class=\"_ _1\"></span>\u00f3n </div></div><div class=\"c waf hd gs162\"><div class=\"t m0 x39 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">1.220 </div></div><div class=\"c wb0 hd gs163\"><div class=\"t m0 x39 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">1.123 </div></div><div class=\"c wae hb gs164\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Servicio<span class=\"_ _1\"></span>s profesionales inde<span class=\"_ _1\"></span>pendientes </div></div><div class=\"c waf hb gs165\"><div class=\"t m0 x14 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">404<span class=\"ls0\"> </span></div></div><div class=\"c wb0 hb gs166\"><div class=\"t m0 x14 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">910<span class=\"ls0\"> </span></div></div><div class=\"c wae hb gs167\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Primas de seguro<span class=\"_ _1\"></span>s </div></div><div class=\"c waf hb gs168\"><div class=\"t m0 x39 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">1.859 </div></div><div class=\"c wb0 hb gs169\"><div class=\"t m0 x39 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">2.245 </div></div><div class=\"c wae hd gs16a\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Servicio<span class=\"_ _1\"></span>s bancarios </div></div><div class=\"c waf hd gs16b\"><div class=\"t m0 x1c he y29 ff4 fs6 fc0 sc0 ls0 ws0\">- </div></div><div class=\"c wb0 hd gs16c\"><div class=\"t m0 x5d he y29 ff4 fs6 fc0 sc0 ls3 ws0\">81<span class=\"ls0\"> </span></div></div><div class=\"c wae hb gs16d\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Suministros </div></div><div class=\"c waf hb gs16e\"><div class=\"t m0 x14 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">870<span class=\"ls0\"> </span></div></div><div class=\"c wb0 hb gs16f\"><div class=\"t m0 x14 he y27 ff4 fs6 fc0 sc0 ls3 ws0\">910<span class=\"ls0\"> </span></div></div><div class=\"c wae hb gs170\"><div class=\"t m0 xa he y27 ff4 fs6 fc0 sc0 ls0 ws0\">Otros serv<span class=\"_ _1\"></span>icios </div></div><div class=\"c waf hb gs171\"><div class=\"t m0 x39 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">2.110 </div></div><div class=\"c wb0 hb gs172\"><div class=\"t m0 x39 he y27 ff4 fs6 fc0 sc0 ls0 ws0\">2.123 </div></div><div class=\"c wae hd gs173\"><div class=\"t m0 xa he y29 ff4 fs6 fc0 sc0 ls0 ws0\">Otros tri<span class=\"_ _1\"></span>butos </div></div><div class=\"c waf hd gs174\"><div class=\"t m0 x39 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">9.588 </div></div><div class=\"c wb0 hd gs175\"><div class=\"t m0 x39 he y29 ff4 fs6 fc0 sc0 ls0 ws0\">9.565 </div></div><div class=\"c waf hd gs176\"><div class=\"t m0 x10 hc y29 ff3 fs6 fc4 sc0 ls3 ws0\">16.051<span class=\"ls0\"> </span></div></div><div class=\"c wb0 hd gs177\"><div class=\"t m0 x10 hc y29 ff3 fs6 fc4 sc0 ls3 ws0\">16.957<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0_1 gs15d\"><div class=\"t m0 x3 h7 y5b2 ff4 fs4 fc0 sc0 ls0 ws0\">El <span class=\"_ _0\"></span>incremento <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span><span class=\"ff7\">\u201c</span>Otros <span class=\"_ _0\"></span>tributos<span class=\"ff7\">\u201d</span> <span class=\"_ _0\"></span>se <span class=\"_ _e\"></span>corresponde <span class=\"_ _0\"></span>fundamentalmen<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>reactivaci\u00f3n <span class=\"_ _0\"></span>progresiva </div><div class=\"t m0 x3 h7 y5b3 ff7 fs4 fc0 sc0 ls0 ws0\">del <span class=\"_ _7\"> </span>\u201cIVPEE\u201d, <span class=\"_ _5\"> </span>tras <span class=\"_ _5\"> </span><span class=\"ff4 lsb\">la<span class=\"ls0\"> <span class=\"_ _7\"> </span>suspensi\u00f3n <span class=\"_ _7\"> </span>prorrogada <span class=\"_ _7\"> </span>hasta <span class=\"_ _5\"> </span>el <span class=\"_ _7\"> </span>31<span class=\"_ _0\"></span> <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>diciembre <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>acuerdo <span class=\"_ _5\"> </span>al <span class=\"_ _7\"></span>Real </span></span></div><div class=\"t m0 x3 h7 y5b4 ff4 fs4 fc0 sc0 ls0 ws0\">Decreto-ley 20/<span class=\"_ _1\"></span>2022 de 27 <span class=\"_ _1\"></span>de diciembre (Nota<span class=\"_ _1\"></span> 2.8). </div><div class=\"t m0 x3 h7 y5b5 ff4 fs4 fc0 sc0 ls0 ws0\"> <span class=\"_ _9\"> </span> </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "16<span class=\"ls33\">.4</span> <span class=\"_ _23\"> </span>Resultado financiero<span class=\"_ _1\"></span> El detalle de los gas<span class=\"_ _1\"></span>tos finan<span class=\"_ _1\"></span>cieros es el siguient<span class=\"_ _1\"></span>e: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Ingreso fina<span class=\"_ _1\"></span>nciero Otros i<span class=\"_ _1\"></span>ngresos financiero<span class=\"_ _1\"></span>s 637<span class=\"ls0\"> </span>625<span class=\"ls0\"> </span>Gastos fi<span class=\"_ _1\"></span>nancieros Interese<span class=\"_ _1\"></span>s por deuda con ter<span class=\"_ _1\"></span>ceros (4<span class=\"ls0\">8.<span class=\"ls3\">259</span>) </span>(38.096) (4<span class=\"ls0\">7.<span class=\"ls3\">622</span>) </span>(37.471)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-424": {
   "value": "6<span class=\"ls33\">.4</span> <span class=\"_ _23\"> </span>Resultado financiero<span class=\"_ _1\"></span> El detalle de los gas<span class=\"_ _1\"></span>tos finan<span class=\"_ _1\"></span>cieros es el siguient<span class=\"_ _1\"></span>e: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Ingreso fina<span class=\"_ _1\"></span>nciero Otros i<span class=\"_ _1\"></span>ngresos financiero<span class=\"_ _1\"></span>s 637<span class=\"ls0\"> </span>625<span class=\"ls0\"> </span>Gastos fi<span class=\"_ _1\"></span>nancieros Interese<span class=\"_ _1\"></span>s por deuda con ter<span class=\"_ _1\"></span>ceros (4<span class=\"ls0\">8.<span class=\"ls3\">259</span>) </span>(38.096) (4<span class=\"ls0\">7.<span class=\"ls3\">622</span>) </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-405": {
   "value": "El detalle de los gas<span class=\"_ _1\"></span>tos finan<span class=\"_ _1\"></span>cieros es el siguient<span class=\"_ _1\"></span>e: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Ingreso fina<span class=\"_ _1\"></span>nciero Otros i<span class=\"_ _1\"></span>ngresos financiero<span class=\"_ _1\"></span>s 637<span class=\"ls0\"> </span>625<span class=\"ls0\"> </span>Gastos fi<span class=\"_ _1\"></span>nancieros Interese<span class=\"_ _1\"></span>s por deuda con ter<span class=\"_ _1\"></span>ceros (4<span class=\"ls0\">8.<span class=\"ls3\">259</span>) </span>(38.096) (4<span class=\"ls0\">7.<span class=\"ls3\">622</span>) </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-394": {
   "value": "El detalle de los gas<span class=\"_ _1\"></span>tos finan<span class=\"_ _1\"></span>cieros es el siguient<span class=\"_ _1\"></span>e: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Ingreso fina<span class=\"_ _1\"></span>nciero Otros i<span class=\"_ _1\"></span>ngresos financiero<span class=\"_ _1\"></span>s 637<span class=\"ls0\"> </span>625<span class=\"ls0\"> </span>Gastos fi<span class=\"_ _1\"></span>nancieros Interese<span class=\"_ _1\"></span>s por deuda con ter<span class=\"_ _1\"></span>ceros (4<span class=\"ls0\">8.<span class=\"ls3\">259</span>) </span>(38.096) (4<span class=\"ls0\">7.<span class=\"ls3\">622</span>) </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-374": {
   "value": "El detalle de los gas<span class=\"_ _1\"></span>tos finan<span class=\"_ _1\"></span>cieros es el siguient<span class=\"_ _1\"></span>e: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Ingreso fina<span class=\"_ _1\"></span>nciero Otros i<span class=\"_ _1\"></span>ngresos financiero<span class=\"_ _1\"></span>s 637<span class=\"ls0\"> </span>625<span class=\"ls0\"> </span>Gastos fi<span class=\"_ _1\"></span>nancieros Interese<span class=\"_ _1\"></span>s por deuda con ter<span class=\"_ _1\"></span>ceros (4<span class=\"ls0\">8.<span class=\"ls3\">259</span>) </span>(38.096) (4<span class=\"ls0\">7.<span class=\"ls3\">622</span>) </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-429": {
   "value": "16<span class=\"ls33\">.5<span class=\"ls0\"> <span class=\"_ _23\"> </span>Resultado de soc<span class=\"_ _1\"></span>iedades integrad<span class=\"_ _1\"></span>as por el m\u00e9todo<span class=\"_ _1\"></span> de la participa<span class=\"_ _1\"></span>ci\u00f3n<span class=\"fc0\"> </span></span></span>La <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>beneficios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sociedades <span class=\"_ _0\"></span>puestas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>equivalencia <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>asciende a 547 <span class=\"_ _0\"></span><span class=\"ls30\">mi</span>les <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _e\"></span>todo <span class=\"_ _0\"></span>ello <span class=\"_ _b\"></span>proveniente <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Sociedad <span class=\"_ _0\"></span>Generia <span class=\"_ _e\"></span>Land, <span class=\"_ _e\"></span>S.A <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>sido <span class=\"_ _e\"></span>registrad<span class=\"_ _6\"></span>o bajo el <span class=\"_ _6\"></span>ep\u00edgrafe \u201cOtr<span class=\"_ _1\"></span>os resu<span class=\"_ _1\"></span>ltados\u201d, <span class=\"ff4\">en <span class=\"_ _1\"></span>la N<span class=\"_ _6\"></span>ota <span class=\"lsf\">8 </span>se pr<span class=\"_ _6\"></span>oporciona mayor<span class=\"_ _1\"></span> detalle <span class=\"_ _6\"></span>sobre los <span class=\"_ _1\"></span>resultados<span class=\"_ _1\"></span> de </span>esta sociedad.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "17.<span class=\"_ _0\"></span> <span class=\"_ _33\"> </span>Oper<span class=\"_ _0\"></span>acio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span> par<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span> vin<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>das<span class=\"_ _e\"></span> La <span class=\"_ _0\"></span>\u00fanica <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>vinculada <span class=\"_ _0\"></span>con la <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>realizado <span class=\"_ _0\"></span>transacciones durante <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>ejercici<span class=\"_ _1\"></span>os 20<span class=\"ls0\">25 y <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>la matriz <span class=\"_ _0\"></span>del Grupo<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>DTL <span class=\"_ _0\"></span>Corporaci\u00f3n,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>S.L., <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad <span class=\"_ _0\"></span>dominante alquila <span class=\"_ _0\"></span>las </span>oficinas  en <span class=\"_ _3\"> </span>las <span class=\"_ _3\"> </span>que <span class=\"_ _3\"> </span>tiene <span class=\"_ _3\"> </span>instaladas <span class=\"_ _3\"> </span>sus  op<span class=\"_ _1\"></span>eraciones <span class=\"_ _3\"> </span>y  do<span class=\"_ _1\"></span>micilio  d<span class=\"_ _1\"></span>esde <span class=\"_ _3\"> </span>julio  d<span class=\"_ _1\"></span>e  2009  y <span class=\"_ _3\"> </span>que  s<span class=\"_ _1\"></span>on<span class=\"_ _38\"> </span>propiedad de <span class=\"_ _0\"></span>DTL Corporaci\u00f3n, S.L<span class=\"_ _0\"></span>. El <span class=\"_ _0\"></span>importe del <span class=\"_ _0\"></span>alquiler del ejercicio 20<span class=\"_ _0\"></span>25 <span class=\"_ _0\"></span>asciende a <span class=\"_ _0\"></span>651 miles <span class=\"_ _0\"></span>de euros <span class=\"_ _0\"></span>(594 miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros en <span class=\"_ _0\"></span>2024). <span class=\"_ _0\"></span>Este <span class=\"_ _0\"></span>contrato <span class=\"_ _0\"></span>se encuentra <span class=\"_ _0\"></span>registrado de <span class=\"_ _0\"></span>acuerdo con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>NIIF 1<span class=\"_ _0\"></span>6 (Nota 9).<span class=\"_ _38\"> </span>17<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Administradores y alta d<span class=\"_ _1\"></span>irecci\u00f3n El detalle de las remunerac<span class=\"_ _6\"></span>io<span class=\"_ _0\"></span>nes devengadas p<span class=\"_ _1\"></span>or los miembro<span class=\"_ _1\"></span>s del Consejo de Administraci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n y de la alta direcci\u00f3n de la So<span class=\"_ _1\"></span>ciedad dominant<span class=\"_ _1\"></span>e es el siguient<span class=\"_ _1\"></span>e: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Administrado<span class=\"_ _1\"></span>res 580<span class=\"ls0\"> </span>620<span class=\"ls0\"> </span>Alta dire<span class=\"_ _1\"></span>cci\u00f3n 2.908 3.076<span class=\"ls0\"> </span>3.488<span class=\"ls0\"> </span>3.696<span class=\"ls0\"> </span>A <span class=\"_ _e\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2025 <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>2024 <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>no <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>satisfecho <span class=\"_ _e\"></span>primas <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>seguros <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>responsabilidad<span class=\"_ _1\"></span> civil de los Administrad<span class=\"_ _6\"></span>ores por da\u00f1os ocasionados. A 31 de dici<span class=\"_ _1\"></span>embre de <span class=\"_ _1\"></span><span class=\"lsc\">20<span class=\"ls0\">25 y <span class=\"_ _1\"></span>2024 el Grup<span class=\"_ _1\"></span>o no ten\u00eda ob<span class=\"_ _1\"></span>ligaciones contra\u00edd<span class=\"_ _1\"></span>as en materia d<span class=\"_ _6\"></span>e pensiones<span class=\"_ _1\"></span> </span></span>y de seguros de <span class=\"_ _1\"></span>vida respecto a los<span class=\"_ _1\"></span> miembros anteri<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>res o actual<span class=\"_ _1\"></span>es del Consejo de Administraci\u00f3n.  A <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>2025 <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>2024 <span class=\"_ _c\"></span>no <span class=\"_ _b\"></span>ex<span class=\"_ _0\"></span>ist\u00edan <span class=\"_ _b\"></span>anticipos <span class=\"_ _b\"></span>ni <span class=\"_ _c\"></span>cr\u00e9ditos <span class=\"_ _b\"></span>concedidos <span class=\"_ _b\"></span>al <span class=\"_ _c\"></span>personal <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>alta<span class=\"_ _1\"></span> direcci\u00f3n o <span class=\"_ _1\"></span>a los mie<span class=\"_ _1\"></span>mbros <span class=\"_ _1\"></span>del Consejo d<span class=\"_ _1\"></span>e Administrac<span class=\"_ _6\"></span>i\u00f3<span class=\"_ _0\"></span>n, ni <span class=\"_ _1\"></span>hab\u00eda obligacione<span class=\"_ _1\"></span>s asumida<span class=\"_ _1\"></span>s por cu<span class=\"_ _1\"></span>enta de ellos a t\u00edtulo de g<span class=\"_ _1\"></span>arant\u00eda. Asimismo, <span class=\"_ _6\"></span>durante <span class=\"_ _6\"></span>el ejer<span class=\"_ _1\"></span>cicio <span class=\"_ _6\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _6\"></span>comprado <span class=\"_ _1\"></span>pagar\u00e9s <span class=\"_ _6\"></span>emitidos <span class=\"_ _6\"></span>por la<span class=\"_ _6\"></span> Sociedad<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>importe <span class=\"_ _6\"></span>de 14,7<span class=\"_ _1\"></span> millones de <span class=\"_ _6\"></span>euros por parte <span class=\"_ _1\"></span>del consej<span class=\"_ _1\"></span>ero delegad<span class=\"_ _1\"></span>o, D. <span class=\"_ _1\"></span>Arturo D\u00edaz-T<span class=\"_ _1\"></span>ejeiro (<span class=\"lsc\">14</span>,<span class=\"_ _1\"></span>6 millon<span class=\"_ _1\"></span>es de euros <span class=\"_ _6\"></span>en<span class=\"_ _38\"> </span>024<span class=\"ls2e\">).<span class=\"_ _38\"> </span></span>En <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _10\"></span>con <span class=\"_ _6\"></span><span class=\"lsd\">el<span class=\"ls0\"> <span class=\"_ _6\"></span>art\u00edculo <span class=\"_ _10\"></span>229 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ley <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>Sociedades <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>Capital, <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>Administradores <span class=\"_ _10\"></span>han <span class=\"_ _6\"></span>comunicad<span class=\"_ _1\"></span>o </span></span>que no tienen situa<span class=\"_ _1\"></span>ciones de conflic<span class=\"_ _1\"></span>to con el inter\u00e9s<span class=\"_ _1\"></span> del Grupo. La Alta Direcci\u00f3n<span class=\"_ _1\"></span> est\u00e1 conformad<span class=\"_ _1\"></span>a por todos los dir<span class=\"_ _1\"></span>ectivos del Grup<span class=\"_ _1\"></span>o. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-375": {
   "value": "17<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Administradores y alta d<span class=\"_ _1\"></span>irecci\u00f3n El detalle de las remunerac<span class=\"_ _6\"></span>io<span class=\"_ _0\"></span>nes devengadas p<span class=\"_ _1\"></span>or los miembro<span class=\"_ _1\"></span>s del Consejo de Administraci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _0\"></span>n y de la alta direcci\u00f3n de la So<span class=\"_ _1\"></span>ciedad dominant<span class=\"_ _1\"></span>e es el siguient<span class=\"_ _1\"></span>e: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Administrado<span class=\"_ _1\"></span>res 580<span class=\"ls0\"> </span>620<span class=\"ls0\"> </span>Alta dire<span class=\"_ _1\"></span>cci\u00f3n 2.908 3.076<span class=\"ls0\"> </span>3.488<span class=\"ls0\"> </span>3.696<span class=\"ls0\"> </span>A <span class=\"_ _e\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2025 <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>2024 <span class=\"_ _b\"></span>el <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>no <span class=\"_ _b\"></span>ha <span class=\"_ _e\"></span>satisfecho <span class=\"_ _e\"></span>primas <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>seguros <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>responsabilidad<span class=\"_ _1\"></span> civil de los Administrad<span class=\"_ _6\"></span>ores por da\u00f1os ocasionados. A 31 de dici<span class=\"_ _1\"></span>embre de <span class=\"_ _1\"></span><span class=\"lsc\">20<span class=\"ls0\">25 y <span class=\"_ _1\"></span>2024 el Grup<span class=\"_ _1\"></span>o no ten\u00eda ob<span class=\"_ _1\"></span>ligaciones contra\u00edd<span class=\"_ _1\"></span>as en materia d<span class=\"_ _6\"></span>e pensiones<span class=\"_ _1\"></span> </span></span>y de seguros de <span class=\"_ _1\"></span>vida respecto a los<span class=\"_ _1\"></span> miembros anteri<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>res o actual<span class=\"_ _1\"></span>es del Consejo de Administraci\u00f3n.  A <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>2025 <span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>2024 <span class=\"_ _c\"></span>no <span class=\"_ _b\"></span>ex<span class=\"_ _0\"></span>ist\u00edan <span class=\"_ _b\"></span>anticipos <span class=\"_ _b\"></span>ni <span class=\"_ _c\"></span>cr\u00e9ditos <span class=\"_ _b\"></span>concedidos <span class=\"_ _b\"></span>al <span class=\"_ _c\"></span>personal <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>alta<span class=\"_ _1\"></span> direcci\u00f3n o <span class=\"_ _1\"></span>a los mie<span class=\"_ _1\"></span>mbros <span class=\"_ _1\"></span>del Consejo d<span class=\"_ _1\"></span>e Administrac<span class=\"_ _6\"></span>i\u00f3<span class=\"_ _0\"></span>n, ni <span class=\"_ _1\"></span>hab\u00eda obligacione<span class=\"_ _1\"></span>s asumida<span class=\"_ _1\"></span>s por cu<span class=\"_ _1\"></span>enta de ellos a t\u00edtulo de g<span class=\"_ _1\"></span>arant\u00eda. Asimismo, <span class=\"_ _6\"></span>durante <span class=\"_ _6\"></span>el ejer<span class=\"_ _1\"></span>cicio <span class=\"_ _6\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _6\"></span>comprado <span class=\"_ _1\"></span>pagar\u00e9s <span class=\"_ _6\"></span>emitidos <span class=\"_ _6\"></span>por la<span class=\"_ _6\"></span> Sociedad<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>importe <span class=\"_ _6\"></span>de 14,7<span class=\"_ _1\"></span> millones de <span class=\"_ _6\"></span>euros por parte <span class=\"_ _1\"></span>del consej<span class=\"_ _1\"></span>ero delegad<span class=\"_ _1\"></span>o, D. <span class=\"_ _1\"></span>Arturo D\u00edaz-T<span class=\"_ _1\"></span>ejeiro (<span class=\"lsc\">14</span>,<span class=\"_ _1\"></span>6 millon<span class=\"_ _1\"></span>es de euros <span class=\"_ _6\"></span>en<span class=\"_ _38\"> </span> 2024<span class=\"ls2e\">).<span class=\"_ _38\"> </span></span> En <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _10\"></span>con <span class=\"_ _6\"></span><span class=\"lsd\">el<span class=\"ls0\"> <span class=\"_ _6\"></span>art\u00edculo <span class=\"_ _10\"></span>229 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ley <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>Sociedades <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>Capital, <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>Administradores <span class=\"_ _10\"></span>han <span class=\"_ _6\"></span>comunicad<span class=\"_ _1\"></span>o </span></span>que no tienen situa<span class=\"_ _1\"></span>ciones de conflic<span class=\"_ _1\"></span>to con el inter\u00e9s<span class=\"_ _1\"></span> del Grupo. La Alta Direcci\u00f3n<span class=\"_ _1\"></span> est\u00e1 conformad<span class=\"_ _1\"></span>a por todos los dir<span class=\"_ _1\"></span>ectivos del Grup<span class=\"_ _1\"></span>o. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "18 <span class=\"_ _22\"> </span>Ganan<span class=\"_ _0\"></span>cias<span class=\"_ _0\"></span> por<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>cci\u00f3n<span class=\"_ _0\"></span> El siguiente cuadro inclu<span class=\"_ _6\"></span>ye los ingresos y los datos sob<span class=\"_ _1\"></span>re las acciones utiliz<span class=\"_ _1\"></span>ados para los<span class=\"_ _1\"></span> c\u00e1lculos de las ganancias b\u00e1sicas<span class=\"_ _1\"></span> <span class=\"ls25\">y </span>diluid<span class=\"_ _1\"></span>as por acci\u00f3n:<span class=\"_ _38\"> </span>2024<span class=\"ls0\"> </span>Benefi<span class=\"_ _1\"></span>cio atribuible a lo<span class=\"_ _1\"></span>s accionistas ordinar<span class=\"_ _1\"></span>ios de la Sociedad do<span class=\"_ _1\"></span>minante; Por operac<span class=\"_ _1\"></span>iones continuadas 1<span class=\"ls3\">37</span>.<span class=\"ls3\">390</span> 88.614 N\u00ba medio po<span class=\"_ _1\"></span>nderado de acci<span class=\"_ _1\"></span>ones ordinarias e<span class=\"_ _1\"></span>n circulaci\u00f3n 124.951 124.951 Ganancia b\u00e1sica <span class=\"_ _1\"></span>y diluida por acci\u00f3n <span class=\"_ _6\"></span>(e<span class=\"_ _0\"></span>uros por acci<span class=\"_ _1\"></span>\u00f3n) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "19<span class=\"ls33\">.1</span> <span class=\"_ _23\"> </span>Estructura del person<span class=\"_ _1\"></span>al<span class=\"_ _38\"> </span>N\u00famero de persona<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> empleadas al<span class=\"_ _1\"></span> final del ejercicio N\u00famero medio de personas empleadas en el ejercicio N\u00famero medio d<span class=\"_ _1\"></span>e personas con discapacidad &gt; 33% del total emplea<span class=\"_ _1\"></span>das en el ejercicio Hombres Mujeres Total Ejercicio 2025<span class=\"_ _1\"></span> Directivo<span class=\"_ _1\"></span>s 9 1 10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>- Mandos int<span class=\"_ _1\"></span>ermedios 14<span class=\"ls0\"> </span>6 20<span class=\"ls0\"> </span>25<span class=\"ls0\"> </span>- Personal t<span class=\"_ _1\"></span>\u00e9cnico 157<span class=\"ls0\"> </span>25<span class=\"ls0\"> </span>182<span class=\"ls0\"> </span>214<span class=\"ls0\"> </span>2 180<span class=\"ls0\"> </span>32<span class=\"ls0\"> </span>212<span class=\"ls0\"> </span>249<span class=\"ls0\"> </span>2 Ejercicio 2024<span class=\"_ _1\"></span> Directivo<span class=\"_ _1\"></span>s 8 2 10<span class=\"ls0\"> </span>9 - Mandos int<span class=\"_ _1\"></span>ermedios 19<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>29<span class=\"ls0\"> </span>29<span class=\"ls0\"> </span>- Personal t<span class=\"_ _1\"></span>\u00e9cnico 181<span class=\"ls0\"> </span>36<span class=\"ls0\"> </span>217<span class=\"ls0\"> </span>203<span class=\"ls0\"> </span>2 208<span class=\"ls0\"> </span>48<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-414": {
   "value": "19<span class=\"ls33\">.2</span> <span class=\"_ _23\"> </span>Honorarios de aud<span class=\"_ _1\"></span>itor\u00eda Los <span class=\"_ _e\"></span>honorarios <span class=\"_ _0\"></span>devengados <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ejercici<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>servicios <span class=\"_ _e\"></span>prestados <span class=\"_ _0\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>auditor <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>cuentas<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>su red han sido los sig<span class=\"_ _1\"></span>uientes: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Servicio<span class=\"_ _1\"></span>s de auditor\u00eda  2<span class=\"ls3\">74</span> 271<span class=\"ls0\"> </span>Otros serv<span class=\"_ _1\"></span>icios relacionado<span class=\"_ _1\"></span>s con la auditor<span class=\"_ _1\"></span>ia 34<span class=\"ls0\"> </span>21<span class=\"ls0\"> </span>Otros serv<span class=\"_ _1\"></span>icios no relaci<span class=\"_ _1\"></span>onados con la audito<span class=\"_ _1\"></span>r\u00eda 55<span class=\"ls0\"> </span>37<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "19<span class=\"ls33\">.2</span> <span class=\"_ _23\"> </span>Honorarios de aud<span class=\"_ _1\"></span>itor\u00eda Los <span class=\"_ _e\"></span>honorarios <span class=\"_ _0\"></span>devengados <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ejercici<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>servicios <span class=\"_ _e\"></span>prestados <span class=\"_ _0\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>auditor <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>cuentas<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>su red han sido los sig<span class=\"_ _1\"></span>uientes: (Miles de euros) 202<span class=\"ls0\">5 </span>202<span class=\"ls0\">4 </span>Servicio<span class=\"_ _1\"></span>s de auditor\u00eda  2<span class=\"ls3\">74</span> 271<span class=\"ls0\"> </span>Otros serv<span class=\"_ _1\"></span>icios relacionado<span class=\"_ _1\"></span>s con la auditor<span class=\"_ _1\"></span>ia 34<span class=\"ls0\"> </span>21<span class=\"ls0\"> </span>Otros serv<span class=\"_ _1\"></span>icios no relaci<span class=\"_ _1\"></span>onados con la audito<span class=\"_ _1\"></span>r\u00eda 55<span class=\"ls0\"> </span>37<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "19.4 <span class=\"_ _23\"> </span>Seguros de cauci\u00f3n y avale<span class=\"_ _1\"></span>s bancarios El  Grupo <span class=\"_ _3\"> </span>tiene <span class=\"_ _3\"> </span>pasivos  c<span class=\"_ _1\"></span>ontingentes <span class=\"_ _3\"> </span>por  seguros<span class=\"_ _1\"></span>  de  cau<span class=\"_ _1\"></span>ci\u00f3n,  avales<span class=\"_ _1\"></span>  bancari<span class=\"_ _1\"></span>os  y <span class=\"_ _3\"> </span>otras  garan<span class=\"_ _1\"></span>t\u00edas relacionadas <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span><span class=\"lsb\">lo</span>s <span class=\"_ _7\"></span>puntos <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>acces<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>y <span class=\"_ _7\"> </span>conexi\u00f3n <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>generaci\u00f3n <span class=\"_ _c\"></span>y <span class=\"_ _5\"> </span>demanda <span class=\"_ _7\"></span>por <span class=\"_ _7\"></span>impo<span class=\"_ _38\"> </span>millones <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _e\"></span>(<span class=\"lsc\">56</span>2 m<span class=\"_ _0\"></span>illones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>2024). <span class=\"_ _e\"></span>El Grupo <span class=\"_ _10\"></span>no <span class=\"_ _6\"></span>prev\u00e9 <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>surja <span class=\"_ _6\"></span>pasivo <span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>contingencia <span class=\"_ _6\"></span>alguna <span class=\"_ _10\"></span>como <span class=\"_ _6\"></span>consecuencia <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _6\"></span>mencionados <span class=\"_ _10\"></span>avales.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": "20<span class=\"ls0\">. <span class=\"_ _2d\"> </span>I<span class=\"_ _0\"></span>nfor<span class=\"_ _0\"></span>maci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _27\"> </span>s<span class=\"_ _0\"></span>obre<span class=\"_ _0\"></span> <span class=\"_ _27\"> </span>la <span class=\"_ _27\"> </span>nat<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>lez<span class=\"_ _0\"></span>a <span class=\"_ _27\"> </span>y <span class=\"_ _27\"> </span>el<span class=\"_ _0\"></span> <span class=\"_ _27\"> </span>nive<span class=\"_ _0\"></span>l <span class=\"_ _27\"> </span>d<span class=\"_ _0\"></span>e <span class=\"_ _27\"> </span>ri<span class=\"_ _0\"></span>esgo<span class=\"_ _0\"></span> <span class=\"_ _27\"> </span>pro<span class=\"_ _0\"></span>ceden<span class=\"_ _0\"></span>te <span class=\"_ _27\"> </span>d<span class=\"_ _0\"></span>e </span>ins<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>entos<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cier<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span> Factores de riesgo fi<span class=\"_ _1\"></span>nanciero Las <span class=\"_ _13\"> </span>actividades <span class=\"_ _13\"> </span>del <span class=\"_ _13\"> </span>Grupo <span class=\"_ _13\"> </span>est\u00e1n <span class=\"_ _13\"> </span>expuestas <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>diversos <span class=\"_ _13\"> </span>riesgos <span class=\"_ _13\"> </span>financieros: <span class=\"_ _13\"> </span>riesgo <span class=\"_ _13\"> </span>de <span class=\"_ _13\"> </span>mercad<span class=\"_ _1\"></span>o (incluyendo riesgo de tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cambio, riesgo de precios y <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de tipo de <span class=\"_ _0\"></span>inter\u00e9s), riesgo d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cr\u00e9dito<span class=\"_ _38\"> </span>y <span class=\"_ _c\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>liquidez. <span class=\"_ _c\"></span>El <span class=\"_ _b\"></span>programa <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>gesti\u00f3n <span class=\"_ _b\"></span>del <span class=\"_ _c\"></span>riesgo <span class=\"_ _b\"></span>global <span class=\"_ _c\"></span>se <span class=\"_ _c\"></span>centra <span class=\"_ _b\"></span>en <span class=\"_ _c\"></span>la <span class=\"_ _c\"></span>incertidumbre <span class=\"_ _b\"></span>de <span class=\"_ _c\"></span>los mercados <span class=\"_ _5\"> </span>financieros<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>y <span class=\"_ _3\"> </span>trata <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>minimizar <span class=\"_ _5\"> </span>los <span class=\"_ _5\"> </span>efectos <span class=\"_ _5\"> </span>potenciales <span class=\"_ _7\"> </span>adversos <span class=\"_ _5\"> </span>sobre <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>rentabilidad financiera <span class=\"_ _e\"></span>del <span class=\"_ _b\"></span>Grupo, <span class=\"_ _e\"></span>la <span class=\"_ _b\"></span>cual <span class=\"_ _e\"></span>emplea <span class=\"_ _b\"></span>derivados <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>cubrir <span class=\"_ _b\"></span><span class=\"lsd\">el</span> <span class=\"_ _b\"></span>riesgo <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>tipo <span class=\"_ _b\"></span>de <span class=\"_ _e\"></span>cambio <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>tipo <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span> inter\u00e9s. La gesti\u00f3n del riesgo <span class=\"_ _1\"></span>est\u00e1 controlada por el Departa<span class=\"_ _1\"></span>mento Financiero de la Soci<span class=\"_ _1\"></span>edad dominant<span class=\"_ _1\"></span>e<span class=\"ls10\">. </span>Este departamento <span class=\"_ _7\"> </span>identifica, <span class=\"_ _7\"> </span>eval\u00faa <span class=\"_ _5\"> </span>y <span class=\"_ _5\"> </span>cubre <span class=\"_ _5\"> </span>los <span class=\"_ _5\"> </span>riesgos <span class=\"_ _7\"></span>financieros <span class=\"_ _5\"> </span>en <span class=\"_ _7\"> </span>colaboraci\u00f3n <span class=\"_ _5\"> </span>con <span class=\"_ _7\"> </span>las <span class=\"_ _3\"> </span>unidad<span class=\"_ _1\"></span>es operativas del Grup<span class=\"_ _1\"></span>o.  20<span class=\"ls33\">.1<span class=\"ls0\"> <span class=\"_ _23\"> </span>Riesgo de cr\u00e9dito<span class=\"_ _1\"></span> </span></span>El <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>no <span class=\"_ _0\"></span>tiene <span class=\"_ _e\"></span>concentr<span class=\"_ _6\"></span>acio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>significativas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>posee <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>l\u00edticas <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>asegurar que <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>ventas <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>efect\u00faen <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>clientes <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>historial <span class=\"_ _b\"></span>crediticio <span class=\"_ _e\"></span>adecuado, <span class=\"_ _b\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>caso <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>las <span class=\"_ _e\"></span>Plantas Fotovolta<span class=\"_ _38\"> </span>icas instaladas <span class=\"_ _0\"></span>antes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>20<span class=\"lsc\">19</span> <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>principales son <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>CNMC <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>GSE <span class=\"_ _e\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>caso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las Plantas de nueva in<span class=\"_ _1\"></span>stalaci\u00f3n se fir<span class=\"_ _1\"></span>man contratos PPA d<span class=\"_ _1\"></span>onde el cliente final es<span class=\"_ _1\"></span> de alta solvencia<span class=\"ls10\">. </span> Las <span class=\"_ _b\"></span>operaciones <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>instrumentos <span class=\"_ _e\"></span>financieros <span class=\"_ _b\"></span>derivad<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>operaciones <span class=\"_ _e\"></span>al <span class=\"_ _b\"></span>contado <span class=\"_ _b\"></span>solamente <span class=\"_ _e\"></span>se formalizan co<span class=\"_ _0\"></span>n entidades <span class=\"_ _0\"></span>financieras <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>alta calidad <span class=\"_ _0\"></span>crediticia <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>dispon<span class=\"lsd\">en</span> de <span class=\"_ _0\"></span>p\u00f3lizas <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>limitar el importe del ri<span class=\"_ _1\"></span>esgo con cualq<span class=\"_ _1\"></span>uier instituci\u00f3n finan<span class=\"_ _1\"></span>ciera.<span class=\"_ _38\"> </span>En los <span class=\"_ _0\"></span>casos en que no <span class=\"_ _0\"></span>se ha realizado una calificaci\u00f3n independiente de los clientes sobre su <span class=\"_ _0\"></span>calidad<span class=\"_ _1\"></span> crediticia, el Departa<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ento Financiero <span class=\"_ _1\"></span>eval\u00faa la misma, teni<span class=\"_ _1\"></span>endo en cuenta la p<span class=\"_ _1\"></span>osici\u00f3n financiera<span class=\"_ _1\"></span> del cliente, <span class=\"_ _6\"></span>la experiencia<span class=\"_ _1\"></span> pasa<span class=\"_ _6\"></span>da y <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>tros fa<span class=\"_ _6\"></span>ctores. El <span class=\"_ _6\"></span>Grupo no <span class=\"_ _6\"></span>tiene po<span class=\"_ _1\"></span>r pol\u00ed<span class=\"_ _1\"></span>tica c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nceder <span class=\"_ _6\"></span>cr\u00e9ditos a <span class=\"_ _6\"></span>largo plazo a sus cliente<span class=\"_ _1\"></span>s, salvo en casos y <span class=\"_ _1\"></span>circunstancias ex<span class=\"_ _1\"></span>cepcionales.<span class=\"_ _38\"> </span>El <span class=\"_ _b\"></span>saldo <span class=\"_ _b\"></span>neto <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>cuentas <span class=\"_ _b\"></span>a <span class=\"_ _e\"></span>cobrar <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>clientes <span class=\"_ _e\"></span>terceros <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span><span class=\"lsf\">20</span>25<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>2024, <span class=\"_ _b\"></span>presenta unos vencimient<span class=\"_ _1\"></span>os a futuro de acuerd<span class=\"_ _1\"></span>o con la siguient<span class=\"_ _1\"></span>e tabla:<span class=\"_ _38\"> </span>Miles de euros) De 0 a 90 d\u00edas De 90 a 180 d\u00edas M\u00e1s de 180 d\u00edas Total deuda Saldo de cl<span class=\"_ _1\"></span>ientes terceros 2025 78.032 - 610<span class=\"ls0\"> </span>78.642<span class=\"ls0\"> </span>Saldo de cl<span class=\"_ _1\"></span>ientes terceros 2024 69.296 - 670<span class=\"ls0\"> </span>69.966<span class=\"ls0\"> </span>20<span class=\"ls0\">.2 <span class=\"_ _23\"> </span>Riesgo de mercado </span>Riesgo de tipo de ca<span class=\"_ _1\"></span>mbio El Grupo opera<span class=\"_ _1\"></span> en el \u00e1mbit<span class=\"_ _1\"></span>o internaci<span class=\"_ _1\"></span>onal y, por tant<span class=\"_ _1\"></span>o, est\u00e1 expu<span class=\"_ _1\"></span>esto a riesgo<span class=\"_ _1\"></span>s de tipo de<span class=\"_ _1\"></span> cambio por<span class=\"_ _6\"></span> operaciones <span class=\"_ _0\"></span>con <span class=\"_ _e\"></span>divisas, <span class=\"_ _0\"></span>especialmente <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>d\u00f3lar <span class=\"_ _0\"></span>americano <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>caso <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>plantas <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Uruguay. <span class=\"_ _0\"></span>En este <span class=\"_ _7\"> </span>caso, <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>riesgo <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>tipo <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>cambio <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>minimiza <span class=\"_ _c\"></span>con <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>cobertura <span class=\"_ _7\"></span>natural <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>realizar <span class=\"_ _c\"></span>to<span class=\"_ _0\"></span>das <span class=\"_ _7\"></span>las transacciones, incluy<span class=\"_ _1\"></span>endo la financiaci\u00f3n en d\u00f3lar<span class=\"_ _1\"></span>es americanos, quedand<span class=\"_ _6\"></span>o c<span class=\"_ _0\"></span>omo \u00fanico resultado sin<span class=\"_ _6\"></span> cubrir las propias<span class=\"_ _1\"></span> distribuciones d<span class=\"_ _1\"></span>e dividendos.  La divisa diferente del<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>uro en que princip<span class=\"_ _1\"></span>almente opera el <span class=\"_ _1\"></span>Grupo es el d\u00f3lar<span class=\"_ _6\"></span> americano. <span class=\"_ _0\"></span> Riesgo de precio<span class=\"_ _1\"></span> El <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>est\u00e1 <span class=\"_ _e\"></span>expuesto <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>riesgo <span class=\"_ _b\"></span>del <span class=\"_ _e\"></span>precio <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enta <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>mercado. <span class=\"_ _0\"></span>La <span class=\"_ _e\"></span>direcci\u00f3n <span class=\"_ _e\"></span>gestiona este <span class=\"_ _5\"> </span>riesgo <span class=\"_ _7\"> </span>teniendo <span class=\"_ _7\"> </span>en <span class=\"_ _3\"> </span>cuenta <span class=\"_ _7\"></span>las <span class=\"_ _5\"> </span>condiciones <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>mercado <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>momento <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>se <span class=\"_ _5\"> </span>realiza <span class=\"_ _5\"> </span>la transacci\u00f3n, <span class=\"_ _6\"></span>mediante <span class=\"_ _6\"></span>el an<span class=\"_ _1\"></span>\u00e1lisis <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>posible fir<span class=\"_ _6\"></span>ma d<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>contra<span class=\"_ _0\"></span>tos <span class=\"_ _6\"></span>con p<span class=\"_ _1\"></span>recio <span class=\"_ _6\"></span>cerrado,<span class=\"_ _38\"> </span>combinan<span class=\"_ _1\"></span>do <span class=\"_ _1\"></span>una<span class=\"_ _38\"> </span> parte <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>v<span class=\"_ _0\"></span>enta <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>largo <span class=\"_ _b\"></span>plazo <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>precio <span class=\"_ _e\"></span>cerrado <span class=\"_ _0\"></span>mediante <span class=\"_ _b\"></span>contratos <span class=\"_ _0\"></span>PPA <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>otra <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>venta <span class=\"_ _e\"></span>a corto plazo a precio<span class=\"_ _1\"></span> variable de mer<span class=\"_ _1\"></span>cado. Con el objetiv<span class=\"_ _1\"></span>o de poder<span class=\"_ _1\"></span> analizar el<span class=\"_ _1\"></span> efecto de un<span class=\"_ _1\"></span>a posible v<span class=\"_ _1\"></span>ariaci\u00f3n que<span class=\"_ _1\"></span> los precios pudieran<span class=\"_ _1\"></span> producir<span class=\"_ _1\"></span> en las <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, se ha <span class=\"_ _0\"></span>realizado <span class=\"_ _0\"></span>una simulaci\u00f3n suponiendo un <span class=\"_ _0\"></span>aumento y <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>disminuci\u00f3n<span class=\"_ _1\"></span> de los precios de<span class=\"_ _1\"></span> la energ\u00eda a 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 2025 de <span class=\"lsf\">10</span> euros en las <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>entas a mercado.<span class=\"_ _1\"></span> Este an\u00e1lisis de sensibilid<span class=\"_ _1\"></span>ad provoca un impact<span class=\"_ _1\"></span>o en la cuenta de resultados cons<span class=\"_ _1\"></span>olidada del Grupo de<span class=\"_ _1\"></span> un <span class=\"_ _0\"></span>incremento o <span class=\"_ _e\"></span>descens<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cifra <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocios <span class=\"_ _0\"></span>por co<span class=\"_ _0\"></span>bros <span class=\"_ _0\"></span>de energ\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>millones de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>31 de diciembre de<span class=\"_ _1\"></span> 2025. El <span class=\"_ _e\"></span>impacto <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>patrimonio <span class=\"_ _0\"></span>neto <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>5 <span class=\"_ _e\"></span>derivado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>v<span class=\"_ _0\"></span>ariaci\u00f3n <span class=\"_ _0\"></span>del precio de la energ\u00eda s<span class=\"_ _6\"></span>eg\u00fan el an\u00e1lisis de sensibilidad e<span class=\"_ _1\"></span>s el siguiente: Escenario Valor razonable de los <span class=\"_ _0\"></span>contratos PP<span class=\"_ _0\"></span>A a 31/12/202<span class=\"_ _0\"></span>5 (miles de euros) <span class=\"ffc\">\u2013</span> <span class=\"_ _0\"></span>Saldo Final Base (curvas utilizadas)<span class=\"_ _0\"></span> Incremento porc<span class=\"_ _0\"></span>entual del precio de la ele<span class=\"_ _0\"></span>ctricidad en un 5%<span class=\"_ _0\"></span> (6.510) Incremento porc<span class=\"_ _0\"></span>entual del precio de la ele<span class=\"_ _0\"></span>ctricidad en un 10%<span class=\"_ _0\"></span> (13.022) Disminuci\u00f3n po<span class=\"_ _0\"></span>rcentual del precio de la el<span class=\"_ _0\"></span>ectricidad en un 5%<span class=\"_ _0\"></span> 6.510 Disminuci\u00f3n po<span class=\"_ _0\"></span>rcentual del precio de la el<span class=\"_ _0\"></span>ectricidad en un 10%<span class=\"_ _e\"></span> 13.022<span class=\"_ _38\"> </span>Riesgo de tipo de inte<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>\u00e9s <span class=\"ff4\"> </span>Dado que<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>Grupo no p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>see ac<span class=\"_ _1\"></span>tivos re<span class=\"_ _1\"></span>munerados<span class=\"_ _1\"></span> importantes,<span class=\"_ _6\"></span> los ingres<span class=\"_ _1\"></span>os y <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>flujos de <span class=\"_ _1\"></span>efectivo <span class=\"_ _1\"></span>de las acti<span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>idades <span class=\"_ _6\"></span>de expl<span class=\"_ _1\"></span>otaci\u00f3n <span class=\"_ _1\"></span>son <span class=\"_ _1\"></span>bastante <span class=\"_ _6\"></span>independientes <span class=\"_ _6\"></span>respecto d<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>variaciones<span class=\"_ _6\"></span> en l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>tipos <span class=\"_ _1\"></span>de inter\u00e9s de mercad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _38\"> </span>El riesg<span class=\"_ _1\"></span>o de <span class=\"_ _6\"></span>tipo de inter\u00e9<span class=\"_ _1\"></span>s sur<span class=\"_ _1\"></span>ge de <span class=\"_ _1\"></span>las d<span class=\"_ _1\"></span>eudas con<span class=\"_ _6\"></span> entidades de<span class=\"_ _1\"></span> cr\u00e9dito <span class=\"_ _6\"></span>a largo p<span class=\"_ _6\"></span>lazo. Las deudas<span class=\"_ _6\"></span> con entidades <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>tipos <span class=\"_ _e\"></span>variables <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ponen<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>riesgos <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>lo<span class=\"_ _38\"> </span>fectivo. La <span class=\"_ _0\"></span>pol\u00edtica del Grupo consiste en <span class=\"_ _0\"></span>realizar las financiaciones a tipo <span class=\"_ _0\"></span>fijo (<span class=\"_ _0\"></span>Bonos de <span class=\"_ _0\"></span>Proyecto) o bien cubrir m<span class=\"_ _0\"></span>ediante la <span class=\"_ _0\"></span>contrataci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>derivad<span class=\"_ _1\"></span>os el <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de tipo <span class=\"_ _0\"></span>de inter\u00e9s <span class=\"_ _0\"></span>de aquellos <span class=\"_ _0\"></span>pr\u00e9sta<span class=\"_ _1\"></span>mos que se referencian<span class=\"_ _6\"></span> a un tipo de int<span class=\"_ _6\"></span>er\u00e9s variable. Todas las<span class=\"_ _1\"></span> deudas con entid<span class=\"_ _1\"></span>ades de cr<span class=\"_ _1\"></span>\u00e9dito del Grup<span class=\"_ _1\"></span>o a tipo de inter\u00e9s <span class=\"_ _1\"></span>variable estaban<span class=\"_ _1\"></span> denominadas en eu<span class=\"_ _1\"></span>ros. El <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>gestiona <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>tipo <span class=\"_ _7\"></span>d<span class=\"_ _1\"></span>e <span class=\"_ _c\"></span>inter\u00e9s <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>flujos <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>efecti<span class=\"_ _1\"></span>vo <span class=\"_ _c\"></span>cuando <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>condiciones <span class=\"_ _c\"></span>del acuerdo as\u00ed <span class=\"_ _6\"></span>lo ac<span class=\"_ _1\"></span>onsejan, <span class=\"_ _6\"></span>mediante permutas <span class=\"_ _6\"></span>de tipo <span class=\"_ _6\"></span>de inter\u00e9s <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>ariable <span class=\"_ _1\"></span>a fij<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. Est<span class=\"_ _1\"></span>as permuta<span class=\"_ _6\"></span>s de tipo<span class=\"_ _6\"></span> de in<span class=\"_ _1\"></span>ter\u00e9s <span class=\"_ _6\"></span>tienen el<span class=\"_ _1\"></span> efe<span class=\"_ _1\"></span>cto <span class=\"_ _1\"></span>econ\u00f3mico <span class=\"_ _6\"></span>de conver<span class=\"_ _1\"></span>tir l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>recursos ajenos<span class=\"_ _6\"></span> con <span class=\"_ _1\"></span>tipos <span class=\"_ _6\"></span>de inter\u00e9s<span class=\"_ _1\"></span> variabl<span class=\"_ _6\"></span>e en inter\u00e9s fijo.  A <span class=\"_ _6\"></span>31 de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>diciembre<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span><span class=\"lsf\">20<span class=\"ls0\">25 <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>2024, <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>estructura <span class=\"_ _6\"></span>de d<span class=\"_ _6\"></span>euda <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>Grupo, <span class=\"_ _6\"></span>teniendo <span class=\"_ _6\"></span>en cuenta<span class=\"_ _6\"></span> l<span class=\"_ _1\"></span>os d<span class=\"_ _1\"></span>erivados<span class=\"_ _1\"></span> </span></span>de cobertura de tipo<span class=\"_ _1\"></span> de inter\u00e9s, es la sig<span class=\"_ _1\"></span>uiente: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Deuda a ti<span class=\"_ _1\"></span>po de inter\u00e9s fi<span class=\"_ _1\"></span>jo 1.043.068 856.524 Deuda a ti<span class=\"_ _1\"></span>po de inter\u00e9s var<span class=\"_ _1\"></span>iable 308.709 168.168 Total  1.351.777 1.024.692 Con el objet<span class=\"_ _0\"></span>ivo de poder analizar el efecto <span class=\"_ _0\"></span>de una posible variaci\u00f3n que los tipos <span class=\"_ _0\"></span>de inter\u00e9s <span class=\"_ _0\"></span>pudieran<span class=\"_ _6\"></span> producir <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>las <span class=\"_ _c\"></span>cuentas <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>Grupo, <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>ha <span class=\"_ _c\"></span>realizado <span class=\"_ _c\"></span>una <span class=\"_ _c\"></span>simulaci\u00f3n <span class=\"_ _c\"></span>suponiendo <span class=\"_ _c\"></span>un <span class=\"_ _7\"></span>aumento <span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>una disminuci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>tipos <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>diciembr<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2025 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>100 <span class=\"_ _e\"></span>puntos <span class=\"_ _e\"></span>b\u00e1sicos <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>deuda <span class=\"_ _0\"></span>a tipo variable. Este an\u00e1lisis de sensibilid<span class=\"_ _1\"></span>ad provoca un impact<span class=\"_ _1\"></span>o en la cuenta de resultados cons<span class=\"_ _1\"></span>olidada del Grupo de un incremento o descen<span class=\"_ _1\"></span>so del resultad<span class=\"_ _1\"></span>o financiero por pago de int<span class=\"_ _1\"></span>ereses de 3 millones de<span class=\"_ _1\"></span> euros a 31 de diciembre de<span class=\"_ _1\"></span> 2025. El <span class=\"_ _6\"></span>an\u00e1lisis <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>del <span class=\"_ _10\"></span>pago <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>intereses <span class=\"_ _10\"></span>recogidos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>contratos <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>deuda <span class=\"_ _10\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>siguiente: (Miles de euros) 31/12/2025 31/12/2024 2025<span class=\"ls0\"> </span>- 35.395 2026<span class=\"ls0\"> </span>54.830 33.301 2027<span class=\"ls0\"> </span>47.593 31.207 2028<span class=\"ls0\"> </span>42.676 30.244 2029 y siguient<span class=\"_ _1\"></span>es 234.687 131.099 Total 379.786<span class=\"ls0\"> </span>261.246<span class=\"ls0\"> </span>El impacto <span class=\"_ _1\"></span>en el patrim<span class=\"_ _1\"></span>onio neto del<span class=\"_ _1\"></span> Grupo a <span class=\"_ _1\"></span>31 de di<span class=\"_ _1\"></span>ciembre de <span class=\"_ _1\"></span>2025 derivado d<span class=\"_ _1\"></span>e la variaci\u00f3n<span class=\"_ _1\"></span> de los<span class=\"_ _1\"></span> tipos de interes s<span class=\"_ _1\"></span>eg\u00fan el an\u00e1lisis de s<span class=\"_ _1\"></span>ensibilidad es el<span class=\"_ _1\"></span> siguiente: Escenario Valor razonable de los IRS a <span class=\"_ _0\"></span>31/12/202<span class=\"_ _0\"></span>5 (miles de euros) <span class=\"ffc\">\u2013</span> <span class=\"_ _0\"></span>Saldo Final<span class=\"_ _0\"></span> Base (curvas utilizadas)<span class=\"_ _0\"></span> Incremento porc<span class=\"_ _0\"></span>entual del tipo de interes <span class=\"_ _0\"></span>en 100 PB<span class=\"_ _0\"></span> 53.595 Disminuci\u00f3n po<span class=\"_ _0\"></span>rcentual del tipo de interes en<span class=\"_ _0\"></span> un 100 <span class=\"ls44\">PB<span class=\"_ _0\"></span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-376": {
   "value": "20<span class=\"ls33\">.1<span class=\"ls0\"> <span class=\"_ _23\"> </span>Riesgo de cr\u00e9dito<span class=\"_ _1\"></span> </span></span>El <span class=\"_ _0\"></span>Grupo <span class=\"_ _e\"></span>no <span class=\"_ _0\"></span>tiene <span class=\"_ _e\"></span>concentr<span class=\"_ _6\"></span>acio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>significativas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>posee <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>l\u00edticas <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>asegurar que <span class=\"_ _e\"></span>las <span class=\"_ _b\"></span>ventas <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>efect\u00faen <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>clientes <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>historial <span class=\"_ _b\"></span>crediticio <span class=\"_ _e\"></span>adecuado, <span class=\"_ _b\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _b\"></span>caso <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>las <span class=\"_ _e\"></span>Plantas Fotovolta<span class=\"_ _38\"> </span>icas instaladas <span class=\"_ _0\"></span>antes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>20<span class=\"lsc\">19</span> <span class=\"_ _e\"></span>los <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>principales son <span class=\"_ _e\"></span>la <span class=\"_ _0\"></span>CNMC <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>GSE <span class=\"_ _e\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _e\"></span>caso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las Plantas de nueva in<span class=\"_ _1\"></span>stalaci\u00f3n se fir<span class=\"_ _1\"></span>man contratos PPA d<span class=\"_ _1\"></span>onde el cliente final es<span class=\"_ _1\"></span> de alta solvencia<span class=\"ls10\">. </span> Las <span class=\"_ _b\"></span>operaciones <span class=\"_ _e\"></span>con <span class=\"_ _b\"></span>instrumentos <span class=\"_ _e\"></span>financieros <span class=\"_ _b\"></span>derivad<span class=\"_ _1\"></span>os <span class=\"_ _b\"></span>y <span class=\"_ _b\"></span>las <span class=\"_ _b\"></span>operaciones <span class=\"_ _e\"></span>al <span class=\"_ _b\"></span>contado <span class=\"_ _b\"></span>solamente <span class=\"_ _e\"></span>se formalizan co<span class=\"_ _0\"></span>n entidades <span class=\"_ _0\"></span>financieras <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>alta calidad <span class=\"_ _0\"></span>crediticia <span class=\"_ _0\"></span>y <span class=\"_ _e\"></span>que <span class=\"_ _0\"></span>dispon<span class=\"lsd\">en</span> de <span class=\"_ _0\"></span>p\u00f3lizas <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>limitar el importe del ri<span class=\"_ _1\"></span>esgo con cualq<span class=\"_ _1\"></span>uier instituci\u00f3n finan<span class=\"_ _1\"></span>ciera.<span class=\"_ _38\"> </span>En los <span class=\"_ _0\"></span>casos en que no <span class=\"_ _0\"></span>se ha realizado una calificaci\u00f3n independiente de los clientes sobre su <span class=\"_ _0\"></span>calidad<span class=\"_ _1\"></span> crediticia, el Departa<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ento Financiero <span class=\"_ _1\"></span>eval\u00faa la misma, teni<span class=\"_ _1\"></span>endo en cuenta la p<span class=\"_ _1\"></span>osici\u00f3n financiera<span class=\"_ _1\"></span> del cliente, <span class=\"_ _6\"></span>la experiencia<span class=\"_ _1\"></span> pasa<span class=\"_ _6\"></span>da y <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>tros fa<span class=\"_ _6\"></span>ctores. El <span class=\"_ _6\"></span>Grupo no <span class=\"_ _6\"></span>tiene po<span class=\"_ _1\"></span>r pol\u00ed<span class=\"_ _1\"></span>tica c<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>nceder <span class=\"_ _6\"></span>cr\u00e9ditos a <span class=\"_ _6\"></span>largo plazo a sus cliente<span class=\"_ _1\"></span>s, salvo en casos y <span class=\"_ _1\"></span>circunstancias ex<span class=\"_ _1\"></span>cepcionales.<span class=\"_ _38\"> </span>El <span class=\"_ _b\"></span>saldo <span class=\"_ _b\"></span>neto <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>cuentas <span class=\"_ _b\"></span>a <span class=\"_ _e\"></span>cobrar <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>clientes <span class=\"_ _e\"></span>terceros <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span><span class=\"lsf\">20</span>25<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _b\"></span>2024, <span class=\"_ _b\"></span>presenta unos vencimient<span class=\"_ _1\"></span>os a futuro de acuerd<span class=\"_ _1\"></span>o con la siguient<span class=\"_ _1\"></span>e tabla:<span class=\"_ _38\"> </span>Miles de euros) De 0 a 90 d\u00edas De 90 a 180 d\u00edas M\u00e1s de 180 d\u00edas Total deuda Saldo de cl<span class=\"_ _1\"></span>ientes terceros 2025 78.032 - 610<span class=\"ls0\"> </span>78.642<span class=\"ls0\"> </span>Saldo de cl<span class=\"_ _1\"></span>ientes terceros 2024 69.296 - ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-377": {
   "value": "20<span class=\"ls0\">.2 <span class=\"_ _23\"> </span>Riesgo de mercado </span>Riesgo de tipo de ca<span class=\"_ _1\"></span>mbio El Grupo opera<span class=\"_ _1\"></span> en el \u00e1mbit<span class=\"_ _1\"></span>o internaci<span class=\"_ _1\"></span>onal y, por tant<span class=\"_ _1\"></span>o, est\u00e1 expu<span class=\"_ _1\"></span>esto a riesgo<span class=\"_ _1\"></span>s de tipo de<span class=\"_ _1\"></span> cambio por<span class=\"_ _6\"></span> operaciones <span class=\"_ _0\"></span>con <span class=\"_ _e\"></span>divisas, <span class=\"_ _0\"></span>especialmente <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>d\u00f3lar <span class=\"_ _0\"></span>americano <span class=\"_ _0\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>caso <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>plantas <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>Uruguay. <span class=\"_ _0\"></span>En este <span class=\"_ _7\"> </span>caso, <span class=\"_ _7\"></span>el <span class=\"_ _7\"> </span>riesgo <span class=\"_ _7\"></span>de <span class=\"_ _7\"> </span>tipo <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>cambio <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>minimiza <span class=\"_ _c\"></span>con <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>cobertura <span class=\"_ _7\"></span>natural <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>realizar <span class=\"_ _c\"></span>to<span class=\"_ _0\"></span>das <span class=\"_ _7\"></span>las transacciones, incluy<span class=\"_ _1\"></span>endo la financiaci\u00f3n en d\u00f3lar<span class=\"_ _1\"></span>es americanos, quedand<span class=\"_ _6\"></span>o c<span class=\"_ _0\"></span>omo \u00fanico resultado sin<span class=\"_ _6\"></span> cubrir las propias<span class=\"_ _1\"></span> distribuciones d<span class=\"_ _1\"></span>e dividendos.  La divisa diferente del<span class=\"_ _6\"></span> e<span class=\"_ _0\"></span>uro en que princip<span class=\"_ _1\"></span>almente opera el <span class=\"_ _1\"></span>Grupo es el d\u00f3lar<span class=\"_ _6\"></span> americano. <span class=\"_ _0\"></span> Riesgo de precio<span class=\"_ _1\"></span> El <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>est\u00e1 <span class=\"_ _e\"></span>expuesto <span class=\"_ _e\"></span>al <span class=\"_ _0\"></span>riesgo <span class=\"_ _b\"></span>del <span class=\"_ _e\"></span>precio <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enta <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>mercado. <span class=\"_ _0\"></span>La <span class=\"_ _e\"></span>direcci\u00f3n <span class=\"_ _e\"></span>gestiona este <span class=\"_ _5\"> </span>riesgo <span class=\"_ _7\"> </span>teniendo <span class=\"_ _7\"> </span>en <span class=\"_ _3\"> </span>cuenta <span class=\"_ _7\"></span>las <span class=\"_ _5\"> </span>condiciones <span class=\"_ _7\"> </span>de <span class=\"_ _5\"> </span>mercado <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>momento <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>que <span class=\"_ _5\"> </span>se <span class=\"_ _5\"> </span>realiza <span class=\"_ _5\"> </span>la transacci\u00f3n, <span class=\"_ _6\"></span>mediante <span class=\"_ _6\"></span>el an<span class=\"_ _1\"></span>\u00e1lisis <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>posible fir<span class=\"_ _6\"></span>ma d<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>contra<span class=\"_ _0\"></span>tos <span class=\"_ _6\"></span>con p<span class=\"_ _1\"></span>recio <span class=\"_ _6\"></span>cerrado,<span class=\"_ _38\"> </span>combinan<span class=\"_ _1\"></span>do <span class=\"_ _1\"></span>una<span class=\"_ _38\"> </span>arte <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>v<span class=\"_ _0\"></span>enta <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>largo <span class=\"_ _b\"></span>plazo <span class=\"_ _e\"></span>a <span class=\"_ _b\"></span>precio <span class=\"_ _e\"></span>cerrado <span class=\"_ _0\"></span>mediante <span class=\"_ _b\"></span>contratos <span class=\"_ _0\"></span>PPA <span class=\"_ _b\"></span>y <span class=\"_ _e\"></span>otra <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>venta <span class=\"_ _e\"></span>a corto plazo a precio<span class=\"_ _1\"></span> variable de mer<span class=\"_ _1\"></span>cado. Con el objetiv<span class=\"_ _1\"></span>o de poder<span class=\"_ _1\"></span> analizar el<span class=\"_ _1\"></span> efecto de un<span class=\"_ _1\"></span>a posible v<span class=\"_ _1\"></span>ariaci\u00f3n que<span class=\"_ _1\"></span> los precios pudieran<span class=\"_ _1\"></span> producir<span class=\"_ _1\"></span> en las <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, se ha <span class=\"_ _0\"></span>realizado <span class=\"_ _0\"></span>una simulaci\u00f3n suponiendo un <span class=\"_ _0\"></span>aumento y <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>disminuci\u00f3n<span class=\"_ _1\"></span> de los precios de<span class=\"_ _1\"></span> la energ\u00eda a 31 de dicie<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>bre de 2025 de <span class=\"lsf\">10</span> euros en las <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>entas a mercado.<span class=\"_ _1\"></span> Este an\u00e1lisis de sensibilid<span class=\"_ _1\"></span>ad provoca un impact<span class=\"_ _1\"></span>o en la cuenta de resultados cons<span class=\"_ _1\"></span>olidada del Grupo de<span class=\"_ _1\"></span> un <span class=\"_ _0\"></span>incremento o <span class=\"_ _e\"></span>descens<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cifra <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocios <span class=\"_ _0\"></span>por co<span class=\"_ _0\"></span>bros <span class=\"_ _0\"></span>de energ\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>millones de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>31 de diciembre de<span class=\"_ _1\"></span> 2025. El <span class=\"_ _e\"></span>impacto <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>patrimonio <span class=\"_ _0\"></span>neto <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Grupo <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>5 <span class=\"_ _e\"></span>derivado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>v<span class=\"_ _0\"></span>ariaci\u00f3n <span class=\"_ _0\"></span>del precio de la energ\u00eda s<span class=\"_ _6\"></span>eg\u00fan el an\u00e1lisis de sensibilidad e<span class=\"_ _1\"></span>s el siguiente: Escenario Valor razonable de los <span class=\"_ _0\"></span>contratos PP<span class=\"_ _0\"></span>A a 31/12/202<span class=\"_ _0\"></span>5 (miles de euros) <span class=\"ffc\">\u2013</span> <span class=\"_ _0\"></span>Saldo Final Base (curvas utilizadas)<span class=\"_ _0\"></span> Incremento porc<span class=\"_ _0\"></span>entual del precio de la ele<span class=\"_ _0\"></span>ctricidad en un 5%<span class=\"_ _0\"></span> (6.510) Incremento porc<span class=\"_ _0\"></span>entual del precio de la ele<span class=\"_ _0\"></span>ctricidad en un 10%<span class=\"_ _0\"></span> (13.022) Disminuci\u00f3n po<span class=\"_ _0\"></span>rcentual del precio de la el<span class=\"_ _0\"></span>ectricidad en un 5%<span class=\"_ _0\"></span> 6.510 Disminuci\u00f3n po<span class=\"_ _0\"></span>rcentual del precio de la el<span class=\"_ _0\"></span>ectricidad en un 10%<span class=\"_ _e\"></span> 13.022<span class=\"_ _38\"> </span>Riesgo de tipo de inte<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>\u00e9s <span class=\"ff4\"> </span>Dado que<span class=\"_ _1\"></span> el <span class=\"_ _6\"></span>Grupo no p<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>see ac<span class=\"_ _1\"></span>tivos re<span class=\"_ _1\"></span>munerados<span class=\"_ _1\"></span> importantes,<span class=\"_ _6\"></span> los ingres<span class=\"_ _1\"></span>os y <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>flujos de <span class=\"_ _1\"></span>efectivo <span class=\"_ _1\"></span>de las acti<span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>idades <span class=\"_ _6\"></span>de expl<span class=\"_ _1\"></span>otaci\u00f3n <span class=\"_ _1\"></span>son <span class=\"_ _1\"></span>bastante <span class=\"_ _6\"></span>independientes <span class=\"_ _6\"></span>respecto d<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>variaciones<span class=\"_ _6\"></span> en l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>tipos <span class=\"_ _1\"></span>de inter\u00e9s de mercad<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _38\"> </span>El riesg<span class=\"_ _1\"></span>o de <span class=\"_ _6\"></span>tipo de inter\u00e9<span class=\"_ _1\"></span>s sur<span class=\"_ _1\"></span>ge de <span class=\"_ _1\"></span>las d<span class=\"_ _1\"></span>eudas con<span class=\"_ _6\"></span> entidades de<span class=\"_ _1\"></span> cr\u00e9dito <span class=\"_ _6\"></span>a largo p<span class=\"_ _6\"></span>lazo. Las deudas<span class=\"_ _6\"></span> con entidades <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>a <span class=\"_ _e\"></span>tipos <span class=\"_ _e\"></span>variables <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ponen<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>riesgos <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>lo<span class=\"_ _38\"> </span>e<span class=\"_ _38\"> </span>fectivo. La <span class=\"_ _0\"></span>pol\u00edtica del Grupo consiste en <span class=\"_ _0\"></span>realizar las financiaciones a tipo <span class=\"_ _0\"></span>fijo (<span class=\"_ _0\"></span>Bonos de <span class=\"_ _0\"></span>Proyecto) o bien cubrir m<span class=\"_ _0\"></span>ediante la <span class=\"_ _0\"></span>contrataci\u00f3n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>derivad<span class=\"_ _1\"></span>os el <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de tipo <span class=\"_ _0\"></span>de inter\u00e9s <span class=\"_ _0\"></span>de aquellos <span class=\"_ _0\"></span>pr\u00e9sta<span class=\"_ _1\"></span>mos que se referencian<span class=\"_ _6\"></span> a un tipo de int<span class=\"_ _6\"></span>er\u00e9s variable. Todas las<span class=\"_ _1\"></span> deudas con entid<span class=\"_ _1\"></span>ades de cr<span class=\"_ _1\"></span>\u00e9dito del Grup<span class=\"_ _1\"></span>o a tipo de inter\u00e9s <span class=\"_ _1\"></span>variable estaban<span class=\"_ _1\"></span> denominadas en eu<span class=\"_ _1\"></span>ros. El <span class=\"_ _c\"></span>Grupo <span class=\"_ _c\"></span>gestiona <span class=\"_ _c\"></span>el <span class=\"_ _c\"></span>riesgo <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>tipo <span class=\"_ _7\"></span>d<span class=\"_ _1\"></span>e <span class=\"_ _c\"></span>inter\u00e9s <span class=\"_ _c\"></span>de <span class=\"_ _c\"></span>los <span class=\"_ _c\"></span>flujos <span class=\"_ _c\"></span>de <span class=\"_ _7\"></span>efecti<span class=\"_ _1\"></span>vo <span class=\"_ _c\"></span>cuando <span class=\"_ _c\"></span>las <span class=\"_ _c\"></span>condiciones <span class=\"_ _c\"></span>del acuerdo as\u00ed <span class=\"_ _6\"></span>lo ac<span class=\"_ _1\"></span>onsejan, <span class=\"_ _6\"></span>mediante permutas <span class=\"_ _6\"></span>de tipo <span class=\"_ _6\"></span>de inter\u00e9s <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>ariable <span class=\"_ _1\"></span>a fij<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>. Est<span class=\"_ _1\"></span>as permuta<span class=\"_ _6\"></span>s de tipo<span class=\"_ _6\"></span> de in<span class=\"_ _1\"></span>ter\u00e9s <span class=\"_ _6\"></span>tienen el<span class=\"_ _1\"></span> efe<span class=\"_ _1\"></span>cto <span class=\"_ _1\"></span>econ\u00f3mico <span class=\"_ _6\"></span>de conver<span class=\"_ _1\"></span>tir l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>recursos ajenos<span class=\"_ _6\"></span> con <span class=\"_ _1\"></span>tipos <span class=\"_ _6\"></span>de inter\u00e9s<span class=\"_ _1\"></span> variabl<span class=\"_ _6\"></span>e en inter\u00e9s fijo.  A <span class=\"_ _6\"></span>31 de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>diciembre<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span><span class=\"lsf\">20<span class=\"ls0\">25 <span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>2024, <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>estructura <span class=\"_ _6\"></span>de d<span class=\"_ _6\"></span>euda <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>Grupo, <span class=\"_ _6\"></span>teniendo <span class=\"_ _6\"></span>en cuenta<span class=\"_ _6\"></span> l<span class=\"_ _1\"></span>os d<span class=\"_ _1\"></span>erivados<span class=\"_ _1\"></span> </span></span>de cobertura de tipo<span class=\"_ _1\"></span> de inter\u00e9s, es la sig<span class=\"_ _1\"></span>uiente: (Miles de euros) 2025<span class=\"ls0\"> </span>2024<span class=\"ls0\"> </span>Deuda a ti<span class=\"_ _1\"></span>po de inter\u00e9s fi<span class=\"_ _1\"></span>jo 1.043.068 856.524 Deuda a ti<span class=\"_ _1\"></span>po de inter\u00e9s var<span class=\"_ _1\"></span>iable 308.709 168.168 Total  1.351.777 1.024.692 Con el objet<span class=\"_ _0\"></span>ivo de poder analizar el efecto <span class=\"_ _0\"></span>de una posible variaci\u00f3n que los tipos <span class=\"_ _0\"></span>de inter\u00e9s <span class=\"_ _0\"></span>pudieran<span class=\"_ _6\"></span> producir <span class=\"_ _c\"></span>en <span class=\"_ _7\"></span>las <span class=\"_ _c\"></span>cuentas <span class=\"_ _c\"></span>del <span class=\"_ _c\"></span>Grupo, <span class=\"_ _7\"></span>se <span class=\"_ _c\"></span>ha <span class=\"_ _c\"></span>realizado <span class=\"_ _c\"></span>una <span class=\"_ _c\"></span>simulaci\u00f3n <span class=\"_ _c\"></span>suponiendo <span class=\"_ _c\"></span>un <span class=\"_ _7\"></span>aumento <span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _c\"></span>una disminuci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _e\"></span>tipos <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>inter\u00e9s <span class=\"_ _e\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _b\"></span>diciembr<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2025 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>100 <span class=\"_ _e\"></span>puntos <span class=\"_ _e\"></span>b\u00e1sicos <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>deuda <span class=\"_ _0\"></span>a tipo variable. Este an\u00e1lisis de sensibilid<span class=\"_ _1\"></span>ad provoca un impact<span class=\"_ _1\"></span>o en la cuenta de resultados cons<span class=\"_ _1\"></span>olidada del Grupo de un incremento o descen<span class=\"_ _1\"></span>so del resultad<span class=\"_ _1\"></span>o financiero por pago de int<span class=\"_ _1\"></span>ereses de 3 millones de<span class=\"_ _1\"></span> euros a 31 de diciembre de<span class=\"_ _1\"></span> 2025. El <span class=\"_ _6\"></span>an\u00e1lisis <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>del <span class=\"_ _10\"></span>pago <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>intereses <span class=\"_ _10\"></span>recogidos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>contratos <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>deuda <span class=\"_ _10\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>siguiente: (Miles de euros) 31/12/2025 31/12/2024 2025<span class=\"ls0\"> </span>- 35.395 2026<span class=\"ls0\"> </span>54.830 33.301 2027<span class=\"ls0\"> </span>47.593 31.207 2028<span class=\"ls0\"> </span>42.676 30.244 2029 y siguient<span class=\"_ _1\"></span>es 234.687 131.099 Total 379.786<span class=\"ls0\"> </span>261.246<span class=\"ls0\"> </span>El impacto <span class=\"_ _1\"></span>en el patrim<span class=\"_ _1\"></span>onio neto del<span class=\"_ _1\"></span> Grupo a <span class=\"_ _1\"></span>31 de di<span class=\"_ _1\"></span>ciembre de <span class=\"_ _1\"></span>2025 derivado d<span class=\"_ _1\"></span>e la variaci\u00f3n<span class=\"_ _1\"></span> de los<span class=\"_ _1\"></span> tipos de interes s<span class=\"_ _1\"></span>eg\u00fan el an\u00e1lisis de s<span class=\"_ _1\"></span>ensibilidad es el<span class=\"_ _1\"></span> siguiente: Escenario Valor razonable de los IRS a <span class=\"_ _0\"></span>31/12/202<span class=\"_ _0\"></span>5 (miles de euros) <span class=\"ffc\">\u2013</span> <span class=\"_ _0\"></span>Saldo Final<span class=\"_ _0\"></span> Base (curvas utilizadas)<span class=\"_ _0\"></span> Incremento porc<span class=\"_ _0\"></span>entual del tipo de interes <span class=\"_ _0\"></span>en 100 PB<span class=\"_ _0\"></span> 53.595 Disminuci\u00f3n po<span class=\"_ _0\"></span>rcentual del tipo de interes en<span class=\"_ _0\"></span> un 100 <span class=\"ls44\">PB<span class=\"_ _0\"></span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-425": {
   "value": "20<span class=\"ls33\">.3<span class=\"ls0\"> <span class=\"_ _23\"> </span>Riesgo de liqu<span class=\"_ _1\"></span>idez </span></span>Una gesti\u00f3n prudente<span class=\"_ _1\"></span> del riesgo de liq<span class=\"_ _1\"></span>uidez implica el<span class=\"_ _1\"></span> mantenimient<span class=\"_ _1\"></span>o de suficien<span class=\"_ _1\"></span>te efectivo y val<span class=\"_ _1\"></span>ores negociables, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>disponibilidad <span class=\"_ _10\"></span>de <span class=\"_ _1\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>mediante <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>suficiente <span class=\"_ _1\"></span>de <span class=\"_ _6\"></span>facilidades <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito comprometidas y<span class=\"_ _1\"></span> tener capacidad<span class=\"_ _1\"></span> para liquidar posiciones d<span class=\"_ _1\"></span>e mercado.<span class=\"_ _38\"> </span>Seg\u00fan <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>desprende <span class=\"_ _b\"></span>del <span class=\"_ _c\"></span>estado <span class=\"_ _b\"></span>de <span class=\"_ _b\"></span>situaci\u00f3n <span class=\"_ _b\"></span>financiera <span class=\"_ _b\"></span>consolidado <span class=\"_ _b\"></span>adjunto, <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _c\"></span>de <span class=\"_ _b\"></span>diciembre <span class=\"_ _b\"></span>de 2025 <span class=\"_ _5\"> </span>el <span class=\"_ _5\"> </span>Grupo <span class=\"_ _5\"> </span>tiene <span class=\"_ _5\"> </span>un <span class=\"_ _5\"> </span>fondo <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>m<span class=\"_ _0\"></span>aniobra <span class=\"_ _7\"> </span>negativo <span class=\"_ _5\"> </span>por <span class=\"_ _5\"> </span>importe <span class=\"_ _5\"> </span>de <span class=\"_ _3\"> </span><span class=\"lsf\">19</span>0 <span class=\"_ _5\"> </span>millones <span class=\"_ _5\"> </span>de <span class=\"_ _5\"> </span>euros<span class=\"_ _0\"></span>. <span class=\"_ _5\"> </span>No obstante, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>opini\u00f3n <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>Administradores <span class=\"_ _10\"></span>de la <span class=\"_ _10\"></span>Sociedad <span class=\"_ _6\"></span>dominante, <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>se pre<span class=\"_ _6\"></span>veen <span class=\"_ _1\"></span>problemas <span class=\"_ _6\"></span>para atender <span class=\"_ _5\"> </span>las <span class=\"_ _7\"> </span>deudas <span class=\"_ _5\"> </span>con <span class=\"_ _5\"> </span>terceros <span class=\"_ _7\"> </span>en <span class=\"_ _5\"> </span>las <span class=\"_ _5\"> </span>fechas <span class=\"_ _5\"> </span>de <span class=\"_ _7\"> </span>sus <span class=\"_ _5\"> </span>respectivos <span class=\"_ _7\"> </span>v<span class=\"_ _0\"></span>encimiento<span class=\"_ _1\"></span>s <span class=\"_ _3\"> </span>de <span class=\"_ _5\"> </span>acuerdo <span class=\"_ _7\"></span>a <span class=\"_ _5\"> </span>los presupuestos <span class=\"_ _0\"></span>del <span class=\"_ _e\"></span>Grupo, <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>reflejan <span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>juicio <span class=\"_ _0\"></span>de <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>Direcci\u00f3n <span class=\"_ _e\"></span>basado <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>circunstancias <span class=\"_ _e\"></span>actuales, <span class=\"_ _0\"></span>los factores <span class=\"_ _c\"></span>que <span class=\"_ _7\"></span>considera <span class=\"_ _b\"></span>m\u00e1s <span class=\"_ _7\"></span>significativ<span class=\"_ _1\"></span>os <span class=\"_ _7\"></span>y <span class=\"_ _c\"></span>su <span class=\"_ _c\"></span>evoluci\u00f3n <span class=\"_ _7\"></span>m\u00e1s <span class=\"_ _c\"></span>probable, <span class=\"_ _7\"></span>prev\u00e9n <span class=\"_ _c\"></span>una <span class=\"_ _c\"></span>generaci\u00f3n <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span> fondos <span class=\"_ _6\"></span>suficientes <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>atender <span class=\"_ _1\"></span>los <span class=\"_ _6\"></span>pagos <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo e<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>el p<span class=\"_ _1\"></span>r\u00f3ximo <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>reforzada <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>capacidad<span class=\"_ _1\"></span> de <span class=\"_ _7\"></span>financiaci\u00f3n <span class=\"_ _c\"></span>del <span class=\"_ _7\"></span>Grupo <span class=\"_ _c\"></span>y <span class=\"_ _7\"> </span>considerando <span class=\"_ _c\"></span>adicionalmente <span class=\"_ _7\"></span>las <span class=\"_ _c\"></span>l\u00edneas <span class=\"_ _7\"></span>de <span class=\"_ _7\"></span>financ<span class=\"_ _1\"></span>iaci\u00f3n <span class=\"_ _7\"></span>no <span class=\"_ _c\"></span>dispuestas existentes al cierr<span class=\"_ _1\"></span>e del ejercicio <span class=\"_ _1\"></span>2025. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-25": {
   "value": "21.<span class=\"_ _0\"></span> <span class=\"_ _33\"> </span>He<span class=\"_ _0\"></span>chos<span class=\"_ _0\"></span> post<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ores<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span> cier<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> No <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _10\"></span>producido <span class=\"_ _6\"></span>acontecimiento<span class=\"_ _1\"></span>s <span class=\"_ _6\"></span>posteriores <span class=\"_ _10\"></span>al <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>del <span class=\"_ _10\"></span>ejercicio <span class=\"_ _6\"></span>que <span class=\"_ _10\"></span>pudieran <span class=\"_ _6\"></span>tener <span class=\"_ _6\"></span>un <span class=\"_ _10\"></span>impacto significativo en el <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>ismo, ni en las n<span class=\"_ _1\"></span>otas explicativa<span class=\"ls15\">s.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "es",
    "entity": "scheme:959800PM2YJU406K2789",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}