IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 In 2021, the sensitivity tests in the aggravation at the wacc rate by 1% and 2%, would represent an impairment in the Travel GW of around 5 million euros and 8.5 million euros, respectively. From the sensitivity analysis carried out, a reduction in the growth rate of 1% would lead to an additional impairment to be recognized at the level of goodwill on travel from Spain of approximately 2 million euros, without changing the conclusion re- garding the recoverability of the remaining amount of goodwill. 9.2 OTHER INTANGIBLE ASSETS - BRANDS, INDUSTRIAL PROPERTY AND OTHER INTANGIBLE ASSETS In the remaining intangible assets, with a defined useful life, the impairment tests performed revealed that the recoverable amount is higher. In the case of brands, valuations were carried out based on the value in use calcu- lated based on the Discounted Cash Flow (DCF) method and in accordance with the Royalty Relief methodology, depending on the type of asset sustaining the recover- ability of their values. The values reached are sustained by historical performance, expectations of market development and strategic development plans for each business. Industrial property includes: space exploitation rights (entrance rights or surface rights), trademark exploitation rights and concession rights. The Group’s main operating rights relate to the franchise rights paid to international brands at the opening of the restaurants operating under the brand: 20 years for Burger King and 10 years for Pizza Hut and KFC, which are renewable by others 10 years by option of the franchisee. 387