IBERSOL Annual Report 2018

ANNUAL REPORT 2018 Financial Covenants SPAIN (EOG Consolidated) PORTUGAL (Consolidated) Debt/EBITDA 2,5x to 1,5x 3,5x or 4,5x from 2017 to 2021 with reductions of 0.25 per year EBITDA/Financial Cost 5x - Equity/Assets - 30% These Covenants are being complied as in 31 December 2018 and 2017. The liabilities from financial leasing may be broken down as follows: dec/2018 dec/2017 Outstanding capital: Up to 1 year 1.058.444 1.463.577 Over 1 year and until 5 years 1.098.689 2.235.870 5 years 22.367 68.399 2.179.500 3.767.846 The future (contractual) Cash Flows concerning the above stated financial liabilities on 31 December 2018 are broken down as follows: FC 2019 FC 2020 FC 2021 FC 2022 FC 2023 FC 2024/38 Bank loans 16.420.440 8.782.805 5.932.345 8.579.492 931.761 834.865 Commercial paper programmes 29.600.000 20.000.000 15.000.000 18.000.000 - - Financial Leasing 1.058.444 630.402 322.312 71.142 74.832 22.367 Interest 2.901.560 2.196.139 800.064 308.208 3.621 430 18. INCOMES TAXES AND DEFERRED TAXES 18.1. INCOME TAX 18.1.1. Income tax receivable On 31st December 2018, income tax receivable amounts to 3.574.662 euros (5.046.070 euros in 2017), presented as follows: 275