The information to be provided in the notes to the financial statements regarding the average payment period to suppliers is increased, both for listed companies and for unlisted companies that do not file abridged financial statements.
One of the amendments introduced in this Law refers to the duty to report the average payment period to suppliers included in the Third Additional Provision of Law 15/2010, of July 5, 2010, amending Law 3/2004, of December 29, 2004, which establishes measures to combat late payment in commercial transactions.
The amendment now introduced in this Third Additional Provision of Law 15/2010 increases the information that must be provided in the notes to the annual accounts in relation to the average supplier payment period, both for listed companies and for unlisted companies that do not present abridged annual accounts (i.e., it only affects the standard form of the notes to the annual accounts).
The new wording of the Third Additional Provision of Law 15/2010 is shown below, highlighting in bold the changes introduced by Law 18/2022, of September 28, 2010:
- All companies shall expressly include their average supplier payment period in the notes to their annual financial statements.
- Listed companies shall publish on their website their average payment period to suppliers, the monetary volume and number of invoices paid in a period lower than the maximum established in the regulations on late payment and the percentage that they represent of the total number of invoices and of the total monetary payments to their suppliers. This information shall be included in the notes to the annual accounts.
- Companies that are not listed and do not present abridged annual accounts will publish their average payment period to suppliers, the monetary volume and number of invoices paid in a period lower than the maximum established in the regulations on late payment and the percentage that they represent over the total number of invoices and over the total monetary payments to their suppliers on their web page, if they have one. This information shall be included in the notes to the annual accounts.
- The Instituto de Contabilidad y Auditoría de Cuentas, by means of a resolution, shall indicate the adaptations that may be necessary, in accordance with the provisions of this law, so that the mercantile companies not included in Article 2.1 of Organic Law 2/2012, of 27 April, on Budgetary Stability and Financial Sustainability, adequately apply the methodology for calculating the average period for payment to suppliers determined by the Ministry of Finance and Public Function. Said resolution shall require a report prior to its approval by the Ministry of Finance and Public Function.
This amendment will become effective 20 days after its publication in the BOE.
