IBERSOL | 2019 Annual Report

Consolidated Financial Statements 34. TRANSACTIONS WITH RELATED PARTIES Os saldos e transacções com partes relacionadas no exercício de 2019 e 2018 podem ser apresentados como se segue: The parent company of Ibersol SGPS S.A. is ATPS - SGPS, SA, holder of 19.767.058 shares. The shareholder company provides administration and management services for the group, under a service provision agreement with the subsidiary Ibersol, Res- tauração, SA. company directors, Dr. António Carlos Vaz Pinto de Sousa and Dr. An- tónio Alberto Guerra Leal Teixeira, exercise their positions without the same company having to incur any additional charges. The company does not pay any remuneration directly to any of its directors. hold 2.520 shares of Ibersol SGPS, SA The voting rights attributable to ATPS are also attributable to António Carlos Vaz Pinto de Sousa and António Alberto Guerra Leal Teixeira under the terms of paragraph b) of no. 1 of article 20 and no. 1 of article 21, both of the Portuguese Market Code, by holding the domain of ATPS, in which they participate indirectly in equal parts by their companies, respectively, the companies CALUM - SERVIÇOS E GESTÃO, SA with NIPC 513799486 and DUNBAR - SERVIÇOS E GESTÃO, SA with NIPC 513799257, which, jointly, hold the majority of the share capital of ATPS. The other entities refer to entities controlled by other holders of significant influence in the parent company of the Ibersol Group. The amounts presented refer to rents paid in the year, which, as a result of the adoption of IFRS16, do not correspond to the amount of lease expenses reflected in the 2019 financial statements. The estimated payment commitments for rents over the term of the respective contracts amount December 31, 2019, to approximately 16.4 million euros. Transactions with related parties were carried out under normal market conditions, thus corresponding to the values that would be charged between unrelated companies. Parent entitie Jointly controlled entitie Associated entitie Other entities 2019 2018 2019 2018 2019 2018 2019 2018 Supplies and services 1,000,000 900,000 3,767,298 3,185,893 - - - - Rental lease - - - - - - 1,520,719 1,166,584 Accounts Payable - - 1,069,114 755,751 - - - - Other current assets 25,000 - - - - - - - Other non-current assets - - - - 300,000 - - - 284