Financial Report Inditex 1999

Page 33

13.- BALANCES WITH MULTIGROUP, ASSOCIATED AND RELATED COMPANIES 69 The detail, at consolidated level, of the accounts receivable from and payable to companies carried by the equity method, multigroup and other related companies is as follows: Company

Receivable

Payable

Companies consolidated by the proportional integration method

85

147

0

241

Other related companies

429

20

Total

514

408

Companies carried by the equity method

The accounts receivable from other related companies are recorded basically under the “ShortTerm Financial Investments - Other Loans” and “Long-Term Financial Investments - Other Loans” captions, while the accounts payable to them are recorded under the “Trade Accounts Payable” and “Other Nontrade Payables” captions in the accompanying consolidated balance sheet.

The “Accounts Receivable - Other Accounts Receivable” caption in the consolidated balance sheet includes Ptas. 150 million relating to accounts receivable from the directors.


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