IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 As at 31st December 2021 and 2020, statements of financial position and compre- hensive income of Ibersol’s associated Ziaicos, were as follows: Balance sheet dec. 2021 dez. 2020 Non-current financial assets 860 000 Cash and cash equivalents 9 140 9 241 Total assets 869 140 9.241 Equity 869 140 9.241 Total liabilities 0 0 Total equity and liabilities 869 140 9.241 Profit and loss account dec. 2021 dez. 2020 Operating costs -81 -81 Net financing cost -20 -20 Pre-tax income -101 -101 Income tax - - Net profit -101 -101 10.2. NON-CURRENT FINANCIAL ASSETS Non-current financial assets are presented as follows: dec. 2021 dec. 2020 Non-current financial assets 978 965 838 737 978 965 838 737 Accumulated impairment losses - 264 000 978 965 574 737 In 2021, the entity Change Partners, whose share value had recorded an impairment loss of the same amount, was liquidated. Therefore, the balance refers mainly to the Work Compensation Fund. 391