Amendment Page 752 of 868
9. Accounts payable and accrued expenses
2014 2013
Sales taxes 5 87.704 5 44.;8,
Commercial vendors 80,196 44,999
Land rents payable 16.966 14,546
Cthers 1,463 —
$ 186,009 3 104326
Accounts paya the and accred expenses are interest free. are not sawed to any thscou-4 for early payment, do not generate late charges, and their maturity terms are
general* less than one year
10. Balances and transactions with related parties
The related parties with whom the Company maintains balances and performs transactions are enttes under the common control ci Globeleq Mesoarnerna Energy
(Atnef) Limited A breakdown of these balances and the respective terms aril colt ions is as folows
2014 2013
Operaccnes y Atanterim,erto, 72,
The maturity term for the balance payable extends up to 30 days from tre cones/poor:IN of rot SLID,C-Ct to interest or OSCOL1515 for telly -
payment
Transactor* fanned with related parta are summarized bar*
2014 2013
Plant operation expenses (Note 14 and 15)
CR Operacones y Marternmen0a. S A S 1,026367 1,048160
Admrustrative expenses
TCR Holdings. S A 6 840.000 $ 840 000
Plant operation expenses correspond to Dings from the rated party wroth operates and provides maintenance to** plant Adrronstrative expenses correspond to
payments for accounbng, financial, logistical• market. human reSOuites IT and enpneenng seniors
Compensation to key management personnel
The Company does not diced)/ XIOS in corrpensaton for key personnel because TCR Holdings. S A provides trose management services rx:wever the allocation of key
personnel compensation at TCR Holdings, S A that is attributable to the Company amounts to US$47,666 for 2014 (2013 US 520.259)
11. Equity
Capita quotas
As of December 31. 2014 and 2013 the Company capital wrests OI 1.922.037 subscribed and pad quotas with a par value of c100 each, equivalent to a total of
LA3376.881
F-432
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