in thousands of EUR

2018

2017

Spanish treasury bills

26,500

United Kingdom treasury bills

Balance sheet value as at 31 December

26,500

The movement in the Government paper is as follows:

in thousands of EUR

2018

2017

Balance sheet value as at 1 January

26,500

178,902

Purchase

58,825

Repayments

–26,500

–194,825

Sale

–15,764

Exchange rate results on foreign currencies

–638

Balance sheet value as at 31 December

26,500