IBERSOL | Annual Report 2021

CONSOLIDATED FINANCIAL STATEMENTS The movements in 2021 and 2020 in liabilities with leases are presented as follows: 2021 2020 1st January 329 014 533 339 983 201 Variations with impact on cash flows: Financial debt payments (1) -34 031 830 -35 396 611 Variations without impact on cash flows: Update of liabilities with leases 13 361 651 16 770 370 Lease contract increases 35 106 030 21 972 110 Contract terminations / store closings -276 893 -3 625 157 Write-off Liabilities lease contracts AENA (2) -195 183 511 - Income concessions resulting from the COVID-19 pandemic -4 681 174 -10 378 560 Others -240 474 -310 820 31st December 143 068 335 329 014 533 (1) Lease payments include 28,991,264 euros (27,325,135 euros in 2020) of principal and 5,040,566 euros (8,071,476 euros in 2020) of interest. (2) the debt of concession contracts at airports in Spain managed by AENA was derecognised, pursuant to the application of Law 13/2021 (introductory note and note 7). This diploma deter- mines the reduction of the minimum guaranteed annual rents of the contracts, in direct propor- tion to the reduction of annual passenger traffic compared to those verified in 2019, until the annual volume of passengers at the airport resumes the traffic of the same year, thus making it impossible for the future responsibilities of these same contracts are determined. During 2021, the Group obtained discounts on rent payments with the amount of 4,681,174 Euros that led to the respective decrease in liabilities without outflow of funds. 18. INCOMES TAXES AND DEFERRED TAXES 18.1. INCOME TAX 18.1.1. Income tax receivable As at 31st December 2021, income tax receivable amounts to 110,222 Euros (2020: 169,241 Euros), presented as follows: 406