IBERSOL | Annual Report 2020

Consolidated Financial Statements Dec. 2019 Opening balance Perimeter variation Charge-off and reclassification Impairment assets disposals Impairment in the year Impairment reversal Closing balance Property, plant and equipment 11.632.624 - - -206.746 (5) 492.746 (1) -937.480 (1) 10.981.144 Intangible assets 3.722.929 - - - - - 3.722.929 Inventories 74.981 - - - - - 74.981 Other current assets 2.931.120 -10.923 -931.803 - 1.002.267 (2) -405.000 (3) 2.585.661 Other financial assets (current and non-current) 940.762 - - - - -233.396 (4) 700.366 19.302.416 -10.923 -931.803 -206.746 1.495.013 -1.575.876 18.072.081 During the period an impairment of 7.458.583 Euros (2019: 4.000.000 Euros) was recognized in Goodwill (Note 9). (1) recorded in amortisation, depreciation and impairment losses of PPE and IA, Notes 8 and 9; (2) recorded in other operating costs; (3) recorded in other operating income; (4) recorded in other financial expenses and losses and financial income and gains, Note 25; (5) Write-off of assets with impairment losses are detailed as follows: 2020 2019 Pans & Company (4 units) 1.258.554 Bocatta (1 unit) 36.983 Ribs (1 unit) 385.346 Pizza Móvil (2 units) 169.764 Pizza Móvil (6 units) 955.123 2.599.023 206.746 34. SUBSEQUENT EVENTS O The closure of borders and the much lower mobility of the world population had an impact of drops in air traffic of more than 70%. Negotiations took place over sev- eral months with the owner of the Airports in Spain in order to obtain an adjustment of the contracts since the different specialist entities in the aviation sector expect that the normalization of traffic will take several years. As it was not possible to con- clude the agreements, the largest commercial operators operating at the airports in Spain requested in court the financial rebalancing of the respective contracts. On 9 March 2021, the subsidiary Pansfood SAU in Juizo 1ª Instancia nº 1, Tribunal El Prat de Llobregat filed a lawsuit against AENA, SME, SA claiming the adjustment of rents relating to 2020 (approximately 24 million Euros) and the rebalancing of guar- anteed minimum rents as a result of traffic until 2026. 388