IBERSOL | Annual Report 2020

Consolidated Financial Performance sors until 31 December and the payment of variable rents in shopping centres in Portugal, due to the application of Law 27-A/2020, between March and December. As at 31 December, however, negotiations regarding units located in air- ports in Spain had not yet been concluded, which had a relevant impact on the group’s accounts, representing a cost of 21.3 million Euros in the period between April and December. Other Income and Operational Costs Other income and operational costs, which amounted to 4.6 million Eu- ros in 2020, represent a decrease of 3.9 million Euros compared to the previous financial period of 2019. This difference is mainly due to: • reduction of exchange rate differences in the amount of 2.7 million Euros; • reduction in income from contracts with suppliers in the amount of 3.5 million Euros; • the Extraordinary Incentive for the Normalisation of Business Activ- ity, which the group signed on to in August, under which it received a grant of 1.8 million Euros. The remaining operational costs also include approximately 1 million Eu- ros in fees and taxes and 1 million Euros stemming from costs on write- downs of assets related to relocation and closing of stores. Amortizations, depreciations, PPE imparity losses, right of use and Goodwill Amortizations and imparity losses amounted to 94.5 million Euros, which translates into an increase of 7.9 million Euros, compared to 2019. Total amortization for the period amounted to 86.2 million Euros, of which 57.3 million Euros are the amortization of rights of use, which rep- resents an increase of 4.1 million Euros, compared 2019. 32