IBERSOL | Annual Report 2021

CONSOLIDATED FINANCIAL STATEMENTS Land Buildings Equipment Other property, plant and equipment Property, plant and equipment in progress Total 1st January 2021 Initial net amount 14 737 524 151 566 194 35 218 881 10 358 548 1 422 880 213 304 027 Currency conversion 168 469 177 992 27 483 -17 47 175 421 102 Charge-off 4 647 921 18 519 568 4 743 443 1 690 090 142 409 29 743 431 Decreases - -117 430 -55 986 -19 595 - -193 010 Transfers - 396 419 485 375 36 569 -843 745 74 617 Depreciation in the year -47 575 -13 778 150 -8 587 171 -2 353 322 - -24 766 218 Impairment in the year -9 000 -3 526 492 -627 433 -47 315 - -4 210 240 Final net amount 19 497 339 153 238 101 31 204 592 9 664 958 768 719 214 373 712 31st December 2021 Cost 19 835 816 290 078 276 144 097 484 33 130 863 768 720 487 911 159 Accumulated depreciation -329 477 -125 922 984 -112 137 610 -23 414 548 - -261 804 619 Accumulated impairment -9 000 -10 917 191 -755 280 -51 359 - -11 732 830 Net amount 19 497 339 153 238 101 31 204 592 9 664 958 768 719 214 373 712 In 2021, the investment basically refers to the opening of five Taco Bells (2 due to the conversion of other existing units), five Pizza Huts, twelve Burger Kings, six KFC and the acquisition of land for the installation of 5 restaurants. The investment of approximately 25 million Euros in 2020 essentially refers to the opening of six KFC’s, six Burger King’s, two Taco Bell’s and a Ribs restaurant. Under the expansion and development contracts with the brands (see note 3.2 b), the Group assumed the commitment to make investments in tangible and intangible fixed assets associated with new store openings and remodelling. Impairment tests on cash-generating units (CGU) The assessment of the existence of signs of impairment at CGU and the respective tests, if necessary, were performed out on an annual basis as referred to in Note 2.9.. Each store / restaurant is considered a CGU, and in the case of airports each airport it’s a CGU. Each UCG is composed of all the assets and liabilities attributable to each restaurant, namely: tangible fixed assets, intangible assets, rights of use and respective lease liabilities. Methods and assumptions As at 31st December 2021 and 2020, the methods and main assumptions used in the preparation of impairment tests on the Group’s main property, plant and equipment that showed signs of impairment were as follows: 378