98
In financial year 2014 Ibersol SGPS, SA, posted a con-
solidated net profit of 7,915,234.00 euros and a net
profit in individual accounts of 7.757.420,00 euros.
As indicated in the individual management report,
the Board of Directors proposes the following appro-
priation:
Non-distributable reserves
7,507,129.00 €
Free reserves
250,291.00 €
We also propose the allocation of reserves amounting
to 1,100,000 euros, accordingly assigning each share a
gross dividend of €0.055. Should the company hold own
shares the same allocation of €0.055will be kept for each
share in circulation, thereby reducing total dividends.
Allocation
of results
Subsequent events
and statement of
responsibility
No significant events worthy of note occurred up to this
report’s approval date.
In compliance with article 245 section 1 paragraph a)
of the Securities Code we declare that to the best of
our knowledge:
• the management report, annual accounts and other
account rendering documents of Ibersol SGPS, SA,
required by lawor regulation and referring to financial
year 2014were drawn up in compliancewith applicable
accounting standards and provide a true and fair view
of the assets and liabilities, financial situation and
results of Ibersol SGPS, SA and the companies within
the consolidation; and
• the information contained in the management report
faithfully shows the evolution of the businesses, per-
formance and position of Ibersol SGPS, SA and the
companies within the consolidation, providing a de-
scription of themain risks and uncertainties they face.
