Annual Report and Consolidated Accounts 2015
6
Introduction
12 Main indicators
18 Message from the Chairman
of the Board of Directors
22
Year 2015
24 Main events
28 Economic context
36
The Ibersol Group
38 Business structure
40 Strategic profile of the Group
49 Governing bodies
50
Financial year activity
52 Restaurants
66 Counters
84 Other businesses
96
Consolidated financial analysis
110
Risks and uncertainties
114
Own shares
116
Activity of the Non-Executive
Member of the Board of Directors
118
Prospects
120
Distribution of Results
122
Subsequent Events and
Responsibility Statement
124
Acknowledgments
128
Corporate Governance
Report
198
Consolidated Financial
Statements
282
Audit Report for Statutory and Stock
Exchange Regulatory Purposes on the
Consolidated Financial Information
284 Fiscal Board Report
3