IBERSOL | Annual Report 2021

CONSOLIDATED FINANCIAL STATEMENTS The business plans were approved by management and are based on projections from external entities, such as Eurocontrol in the case of traffic, as well as being consistent with the business plans that served as the basis for the impairment analysis of the Group’s assets. Deferred tax assets relating to reportable tax losses are presented as follows: Limit year of use Start year unlimited Total Reportable tax losses Portugal 0 Spain 28 023 843 28 023 843 28 023 843 Deferred tax assets Portugal 0 Spain 7 005 961 7 005 961 7 005 961 18.2.2 Deferred tax liabilities As at 31st December 2021 and 2020, Deferred tax liabilities, according to jurisdiction and the temporary differences that generated them, are broken down as follows: dec/2021 dec/2020 Deferred tax liabilities Angola Angola Homogenization of property, plant and equipment and intangible assets (1) -450 931 -131 783 Hyperinflationary Economies (IAS 29) 3 927 202 4 210 251 Deductible temporary differences (IFRS 16) -45 259 -34 217 Other temporary differences -54 354 -148 087 3 376 657 3 896 164 (1) deferred taxes corresponding to the difference of the net value as in the individual financial statements of the subsidiaries and the net amount that they contribute in the consolidated. 19. PROVISIONS As at 31st December 2021 and 2020, the detail of provisions is presented as follows: 410