IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 The interest of financial assets and liabilities were as follows: Interest dec/2020 dec/2019 Accounts receivable - - Non-current financial assets - - Liabilities at amortised cost 3.122.898 3.659.132 3.122.898 3.659.132 29. DIVIDENDS At the General Meeting held on 29 June 2020, the company decided not to distrib- ute dividends to shareholders. In 2019 Ibersol paid a gross dividend of 0,10 Euro per share, representing a total amount of 3,240,002 Euro for outstanding shares. 30. CONTINGENT ASSETS AND LIABILITIES The Group has contingent liabilities related to its business (related to licensing, ad- vertising fees, hygiene and food safety and employees, the success rate of Ibersol in these processes being historically high). It is not expected that there will be signifi- cant liabilities arising from contingent liabilities. An indemnity proceeding was brought against a subsidiary of the Eat Out Group in Spain for alleged non-compliance with non-compete agreements in the amount of approximately 11.7 million Euros. The Board of Directors, supported by the position of the lawyers who accompany the process, considers that this situation represents a contingent liability. Additionally, it should be noted that the process concerns facts that occurred before the acquisition of this subsidiary by the Ibersol Group, and is therefore, under the liability and guarantees clauses provided for in the share pur- chase and sale agreement of the Eat Out Group, there is a right of return. In addition, the Group currently has two legal proceedings underway with subcon- tracted service providers (for a maximum total amount of approximately 1.9 million Euros) for which it considers that there is no risk of any additional liabilities to be recognized in the consolidated financial statements, supported by in the opinion of its legal advisors. 31. OTHER COMMITMENTS ASSUMED As at 31 December 2020, liabilities not recorded by Ibersol’s subsidiaries are mainly made up of bank guarantees provided on their account, as follows: 385