105
2013
Annual Report
41
2013
2012
Kutxabank Group
7,684
6,229
Total
7,684
6,229
2013
2012
Kutxabank Group
-
119
Total
-
119
NOTE 20
.- Other Related-Party Transactions
Transactions carried out with related parties, at market values and under market terms, are as follows:
20.1.
Sale of goods and services rendered
No services have been rendered to related parties in 2013 and 2012, except those rendered to Kutxabank,
amounting to Euros 7,186 thousand (Euros 6,496 thousand in 2012), and Caja Sur, for Euros 2,807 thousand
(Euros 420 thousand in 2012), in which the prevailing price lists for unrelated parties have been applied.
20.2.
Purchase of goods and services received
No significant services have been received from related parties during 2013 and 2012.
20.3.
Finance costs
20.4.
Finance income
20.5. Other transactions
On 20 December 2012 the Company acquired from the Basque Government-Eusko Jaurlaritza, which until that
date held 7.45% of the share capital, a telecommunications network, mainly comprising underground channels,
for Euros 68,000 thousand. This price was determined based on the appraisal of an independent expert
included in the request for authorisation to transfer the network submitted by the Basque Government-Eusko
Jaurlaritza to the Basque Parliament. Authorisation was granted by the Basque Parliament's Commission on the
Economy, Finance and Budget on 13 August 2012.
