CONSOLIDATED FINANCIAL STATEMENTS
Land
Buildings
Equipment
Other tangible
fixed Assets
Tangible
Assets in
progress
Total
December 31st 2016
Initial net amount
11,963,649 104,743,084 18,657,418
5,857,177
411,815 141,633,142
Changes in consolidat
perimeter
-
61,509,602 37,914,100
956,299
239,525 100,619,526
Currency conversion
-756,850
-1,723,366
-756,531
-224,851
-19,440
-3,481,038
Additions
135,242
16,405,428
8,187,617
2,615,018 1,215,586
28,558,891
Decreases
-
863,164
236,294
47,292
105,686
1,252,436
Transfers
-
100,636
5,806
11,681
-234,617
-116,494
Depreciation in the year
74,637
8,041,000
5,062,093
1,082,763
-
14,260,493
Deprec. by changes in the
perim.
-
38,817,273 28,953,945
1,042,245
-
68,813,463
Impairment in the year
-
751,562
41,432
24,750
-
817,744
Impairment by changes in
the perim.
-
2,080,269
687,570
4,407
2,772,246
Impairment reversion
-
-90,976
-
-
-
-90,976
Final net amount
11,267,404 130,573,092 29,027,076 7,013,867 1,507,183 179,388,621
December 31st 2016
Cost
11,342,041 222,786,283 118,519,498 22,193,978 1,507,183 376,348,985
Accumulated depreciation
74,637
81,893,238 88,409,796 15,115,597
-
185,493,267
Accumulated impairment
-
10,319,953
1,082,628
64,515
-
11,467,096
Net amount
11,267,404 130,573,092 29,027,075 7,013,867 1,507,183 179,388,621
Investments for the year 2015, with the amount of about 24 million euros, refer mainly to
KFC restaurants openings in Angola, and Burger King and Pizza Hut in Portugal.
The 2016 investments of approximately 28.6 million in tangible fixed assets, relate to the
opening of new units and remodelling of existing ones in Portugal and Spain.
In 2016 and 2015, impairment tests were carried out for Ibersol restaurants with evidence
of impairment. In addition, impairment tests were carried out in 2015 for SOL units, a set of
restaurants located on different motorways and ex-scuts (ex-free highways), as there were
evidence.
As a result from the changes during the year 2015, particularly in SOL units, in which the
context of expectations formulated in 2014 did not materialize, the tests performed to Ibersol
restaurants with evidences of impairment, resulted in the need to register an impairment
in the amount of 4.080.727 euros, 2.929.579 euros of which refers to tangible assets, and
1.151.148 euros of intangible assets, as follows:
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