IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 Other operating income 2021 2020 Derecognition of the lease agreement with AENA (1) 61 354 936 - Operating grants (2) 7 641 783 1 915 210 Supplementary income (3) 4 308 826 2 942 989 Currency exchange differences 667 055 3 929 104 Compensations 356 122 547 190 Indemnities 260 000 - Gains in fixed assets 33 078 76 005 Impairment adjustments reversion (debts receivable) (Note 15) 30 173 43 383 Investment grants 47 672 58 953 Other operating gains 84 291 156 147 74 783 936 9 668 981 Other operating income / (costs) 70 200 603 4 555 204 (1) as a result of the application of IFRS 16 – Financial Leases, the 2021 results are strongly impact- ed by the derecognition of the debt of the concession contracts in the airports in Spain managed by AENA, due to the application of Law 13/2021, as explained in the introductory note. The total impact of the derecognition of the responsibilities inherent to these same contracts, which had been fully recorded until September 2021, amounts to 46.5 million euros at the level of the 2021 consolidated net income, with operating income arising from the write-off rising the derecogni- tion of IFRS16 to 61.4 million euros and the provision for onerous contract, at Gran Canaria airport, in other operating costs, in the amount of 1.6 million euros (see notes 1, 8 and 19); (2) amount referring, essentially, to government support within the scope of Covid-19 earned in 2021 and 2020 in the amount of, respectively, 6,323,098 euros and 1,816,735 euros (IENAE – In- cent. Extr. Norm. Ativ. Business); (3) arise essentially from revenue from contracts with suppliers and franchisees (Eat Out Group). 26. FINANCIAL EXPENSES AND LOSSES AND INCOME AND GAINS Financial expenses and losses in the periods ended 31st December 2021 and 2020 are broken down as follows: Financial expenses and costs 2021 2020 Interest on rentals liabilities (IFRS 16) 13 361 651 16 770 370 Interest paid 2 796 002 3 122 898 Other financial expenses and costs 1 465 889 1 491 665 17 623 542 21 384 933 415