IBERSOL | Annual Report 2021

CONSOLIDATED FINANCIAL STATEMENTS Goodwill Brands Industrial property Other intangible Assets Intangible Assets in progress Total 1st January 2020 Cost 93 984 684 22 000 000 45 735 432 13 793 294 1 415 225 176 928 635 Accumulated amortization - -3 483 333 -27 637 453 -11 659 270 - -42 780 055 Accumulated impairment -6 016 459 - -3 681 055 -41 875 - -9 739 389 Net amount 87 968 225 18 516 667 14 416 924 2 092 155 1 415 225 124 409 189 1st January 2020 Initial net amount 87 968 225 18 516 667 14 416 923 2 092 155 1 415 225 124 409 189 Currency conversion - - -33 119 - -50 589 -83 708 Charge-off - - 2 454 032 106 500 823 252 3 383 784 Decreases - - -27 023 - -22 807 -49 830 Transfers - - 1 129 291 22 500 -509 569 642 222 Amortization in the year - -1 100 000 -1 914 481 -469 356 - -3 483 837 Impairment in the year -7 458 583 - - - - -7 458 583 Final net amount 80 509 642 17 416 667 16 025 623 1 751 799 1 655 511 117 359 236 31st December 2020 Cost 93 984 684 22 000 000 49 137 541 12 867 206 1 655 511 179 644 942 Accumulated amortization - -4 583 333 -29 430 863 -11 075 698 - -45 089 894 Accumulated impairment -13 475 042 - -3 681 055 -39 711 - -17 195 808 Net amount 80 509 642 17 416 667 16 025 623 1 751 799 1 655 511 117 359 236 During the periods ended 31st December 2021 and 2020, intangible assets, amorti- zation and accumulated impairment losses were as follows: 382