The profit and loss account for the 2016 and 2015 financial years includes expenses of the Directors of the Company for the amount of 450 euros and 1,050 euros respectively. The right to receive remuneration from the members of the Board of Directors was approved by the General Shareholders' Meeting in 2015.
There are no advances, credits granted or retirement plans or other remuneration or benefits granted or agreed with members of the Board of Directors in 2016 and 2015.
With reference to article 229 of the Capital Companies Act, the directors have communicated that they have no conflict with the interests of the Company.
Likewise, the functions of the Senior Management are carried out by personnel of Compañía General de Aguas de Cataluña, S.A., who have not received any remuneration for these fucniones.