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15.- Trade payables
The maximum payment period applicable to the Company under Law 3/2004, of 29 December,
on combating late payment in commercial transactions and pursuant to the transitional
provisions contained in Law 15/2010, of 5 July, is 60 days in 2014 (2013: 60 days).
The detail of the amounts paid and payable at 31 December 2014 is as follows (in thousands
of euros):
Amount
%
Within the maximum payment period
207,498
40%
Other
314,267
60%
Total payments made in 2014
521,765
Weighted average period of late payment (in days)
48
Payments at year-end not made in the maximum payment period
31,440
The detail of the amounts paid and payable at 31 December 2013 is as follows (in thousands
of euros):
Amount
%
Within the maximum payment period
189,760
35%
Other
359,981
65%
Total payments made in 2013
549,741
Weighted average period of late payment (in days)
47
Payments at year-end not made in the maximum payment period
37,084
Weighted average period of late payment was calculated as the quotient whose numerator is
the result of multiplying the payments made to suppliers outside the maximum payment
period by the number of days of late payment and whose denominator is the total amount of
the payments made in the year outside the maximum payment period.
16.- Tax matters
16.1 Current tax receivables and tax payables
The detail of the current tax receivables and payables is as follows (in thousands of euros):
Tax receivables