The total income for 2015 comes from remuneration recognised as distribution activity (84%) and provision of other regulated and unregulated services (16%)
The net business turnover for the 2015 financial year was 166.1 million euros. Of the total income, 84% comes from remuneration recognised as distribution activity, set pursuant to Orders issued by the Ministry of Industry, Tourism and Trade 2446/2013, published in the Spanish Official Gazette No. 312 of 30 December 2013, 2355/2014 published in the Spanish Official Gazette No. 303 of 16 December 2014, and 2445/2014 published in the Spanish Official Gazette No. 312 of 26 December 2014. The remaining 16% corresponds to provisions of other regulated and unregulated services.
Dated 5 July 2014, the Royal Decree-Law 8/2014 of 4 July was published in the Spanish Official Gazette No. 163, in which a set of urgent measures was approved for guaranteeing the sustainability and accessibility in the hydrocarbon markets, as well as to establish an efficient energy system in line with the European directives.
As a result of this Royal Decree, later ratified by virtue of Law 18/2014, the aforementioned Order of the Ministry of Industry, Tourism and Trade 2355/2014 was published, in which an adjustment was made to the remuneration of the distribution companies of 110.7 million euros. The revision of the company’s remuneration corresponding to the year 2014 resulted in an adjustment, on an annual basis, of 10.9 million euros, applied as from 5 July 2014.