IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 Goodwill Brands Industrial property Other intangible Assets Intangible Assets in progress Total 1st January 2021 Initial net amount 80 509 642 17 416 667 16 025 623 1 751 799 1 655 511 117 359 236 Currency conversion - - 10 101 - 26 373 36 474 Charge-off - - 3 458 095 5 000 136 179 3 599 274 Decreases - - -146 657 - -252 470 -399 127 Transfers - - 308 401 - -335 351 -26 950 Amortization in the year - -1 100 000 -2 091 966 -345 149 - -3 537 115 Impairment in the year -1 476 821 - -651 454 - - -2 128 275 Final net amount 79 032 821 16 316 667 16 912 143 1 411 650 1 230 242 114 903 517 31st December 2021 Cost 93 984 684 22 000 000 52 839 447 12 232 341 1 230 241 182 286 713 Accumulated amortization - -5 683 333 -31 599 025 -10 788 395 - -48 070 753 Accumulated impairment -14 951 863 - -4 328 280 -32 296 - -19 312 439 Net amount 79 032 821 16 316 667 16 912 143 1 411 650 1 230 242 114 903 517 Intangible assets in progress mostly relate to territorial rights to open units, which are paid in advance to brands at the time when joint agreements are made to open units between Ibersol and the franchisors. 9.1 GOODWILL Goodwill is allocated to each of the groups of homogeneous cash-generat- ing units as follows: dec. 2021 dec. 2020 Restaurants 7 147 721 8 624 542 Counters 37 199 991 37 199 991 Concessions and Catering 34 505 388 34 505 388 Other, write off and adjustments 179 721 179 721 79 032 821 80 509 642 Regarding the above segments, the following groups of homogeneous cash-generating units were identified: 383