IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 Despite compliance with all consolidated covenants, considering the possibility of non-compliance with some of the covenants, the Ibersol Group obtained a waiver from all institutions from complying with these covenants in relation to the 2021 indi- cators for all financing with maturities greater than 1 year. In the case of the subsidiary Eat Out Group, the financial covenants refer to con- solidated indicators of this with its subsidiaries (ND/EBITDA< 1.5x and EBITDA/inter- est>5) and were not complied with: Since the beginning of the pandemic crisis, there has been monitoring and understanding of the situation by the banking union. The Loan was contracted in 2016 and the outstanding amount of €5,145,000 matures in 2022. Additionally, the total amount owed as at 31st December 2021 in financing from the Ibersol Group for which the respective creditors have the possibility of considering the debt overdue in the event of a change in shareholder control was 41.1 million euros (i.e., 24.5% of the total amount of loans outstanding on that date. As at 31st December 2021 the future (contractual) Cash Flows concerning the above stated financial liabilities are broken down as follows: FC 2022 FC 2023 FC 2024 FC 2025 FC 2026 FC 2027/40 Total Bank loans 13 325 470 16 205 776 23 135 217 20 519 659 7 669 346 8 309 067 89 164 535 Commercial paper programmes 13 267 814 20 850 000 27 950 000 14 800 000 1 000 000 - 77 867 814 Interest 3 216 578 2 551 533 1 629 730 795 103 292 082 100 000 8 585 025 17.2. LEASE LIABILITIES As at 31st December 2021, the company has commitments made to third parties, aris- ing from lease contracts, namely real estate contracts. The breakdown of future pay- ments of lease payments, given their maturity, can be analyzed as follows: Current Non-current FC 2022 FC 2023 FC 2024 FC 2025 FC 2026 FC 2027/39 Total non- -current Leases 21 645 649 27 314 626 15 796 345 12 509 231 10 222 488 55 579 995 121 422 685 Interest 6 606 571 5 641 556 4 763 038 4 054 626 3 450 973 17 011 183 34 921 377 405