IBERSOL | Annual Report 2021

CONSOLIDATED FINANCIAL STATEMENTS Leases liability interest (IFRS 16) by geography, is presented as follows: 2021 2020 Spain 9 239 646 12 615 118 Portugal 3 964 785 3 953 381 Angola 157 220 201 871 13 361 651 16 770 370 The detail of other financial expenses is presented as follows: 2021 2020 Bank services 792 531 677 208 Commercial paper programmes charges 445 024 483 975 Impairment reversal TB's (Note 11) 53 660 - Other commissions 69 061 89 084 Other financial cost 105 613 241 398 1 465 889 1 491 665 Financial income and gains in the periods ended 31st December 2021 and 2020 are broken down as follows: Financial income and gains 2021 2020 Interest earned (1) 496 268 924 705 Other financial income and gains 177 494 819 657 673 762 1 744 362 (1) essentially interest on treasury bonds and term deposits. The detail of other financial income, is presented as follows: 2021 2020 Financial instruments - cash flow hedge 44 102 65 620 Impairment reversal TB's (Note 11) - 543 613 Other financial gains 133 392 210 424 177 494 819 657 In 2020, with the reimbursement of a large part of the OTs held, impairments were reversed, amounting to 543 thousand euros. In 2021, the amount of reimbursement/ sale of securities was reduced and more acquisition transactions were carried out, which resulted in an impairment loss. 416