162
ANNEX TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDING ON 31
st
DECEMBER 2014
(Values in euros)
2. MAIN ACCOUNTING POLICIES
The main accounting policies applied in preparing
these consolidated financial statements are described
below.
2.1 PRESENTATION BASIS
These consolidated financial statements were pre-
pared according to the International Financial Re-
porting Standards (IFRS), as applied in the European
Union and in force on 01 January 2014.
The accounting policies applied on 31 December
2014 are identical to those applied for preparing the
financial statements of 31 December 2013, except
under the adoption of IFRS 11. Jointly controlled en-
tity UQ Consult SA ceases to be included by the pro-
portional consolidation method, and the interest on
that entity to be accounted for by the equity method.
Because of this change the comparative figures have
been restated in the consolidated statement of fi-
nancial position, of comprehensive income and of
cash-flows and in and related Notes in remission.
The main impacts can be summarized as follows:
1. INTRODUCTION
IBERSOL, SGPS, SA (“Company” or “Ibersol”) has its
head office at Praça do Bom Sucesso, Edifício Penín-
sula n.º 105 a 159 – 9º, 4150-146 Porto, Portugal. Ib-
ersol’s subsidiaries (jointly called the Group), oper-
ate a network of 391 units in the restaurant segment
through the brands Pizza Hut, Pasta Caffé, Pans &
Company, Kentucky Fried Chicken, Burger King, O’
Kilo, Roulotte, Café Sô, Quiosques, Pizza Móvil, Flor
d’Oliveira, Miit, Sol, Sugestões e Opções, Silva Car-
valho Catering e Palace Catering, coffee kiosks and
other concessions. The group has 371 units which
it operates and 20 units under a franchise contract.
Of this universe, 86 are headquartered in Spain, of
which 67 are own establishments and 19 are fran-
chised establishments, and 4 in Angola.
Ibersol is a public limited company listed on the Eu-
ronext of Lisbon.
Balance sheet
31/12/2013
31/12/2013 restated
Financial assets - joint controlled entities
-
2.497.788
Goodwill
42.677.991
40.509.009
Other assets
175.644.750
175.098.683
Equity
119.440.096
119.440.096
Liabilities
98.882.645
98.665.384
