IBERSOL | Annual Report 2021

CONSOLIDATED FINANCIAL STATEMENTS The value of the increases corresponds to 44 new leases (34 of spaces and 10 of equipment), 23 renewals of contracts for restaurants and support facilities, and also the effect of remeasurement of contracts by the rent updates by the Price Index in the Consumer and other changes to expected lease payments (eg in cases of lease term reassessment). The amount recognized as decreases essentially refers to the write-off of AENA con- tracts (128,474,135 euros), as detailed in the introductory note and note 17, since ac- cording to Law 13/2021 of 1st October: • The guaranteed minimum annual income (“RMAG”) provided for in these con- tracts for the period between March 15th, 2020 and June 20th, 2020, both in- cluded, will be eliminated and its payment will not be required by AENA; • As of June 21st, 2020, the guaranteed minimum annual income established in the aforementioned contracts will be automatically reduced in direct proportion to the reduction in the volume of passengers at the airport where the commercial establishment in question is located, in relation to the volume of passengers at the same airport in 2019, and this reduction will apply in 2020, as well as in all subsequent years until the annual volume of passengers at the airport reaches that verified in 2019. In this way, and in accordance with the provisions of paragraph 39 of IFRS 16, the en- tire lease liability referring to the contracts with AENA was derecognised as a contra entry to the Right of Use, with reference to the date of entry into force of the afore- mentioned law. Since the value of the lease liability, on the derecognition date, was higher than that of the Right of use, a gain was recognized in the income statement for the difference in these balances in the amount of 61,354,936 euros (note 25). In addition to this impact, the Group also settled the deferred tax assets associated with these lease contracts (note 18.2.1). As a result of this change, in the fourth quarter, amortization of the right of use decreased by 7.7 million euros. As mentioned in Note 2.9, the impairment of the right to use is analyzed on an aggre- gate bases with each Cash Generating Unit (Note 8). 376