IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 33. COMPENSATION TO KEY MANAGEMENT The compensation attributed to key managers corresponds to the remuneration of the members of the Board of Directors and refers to: a) ATPS - Sociedade Gestora de Participações Sociais, S.A. provides administra- tion and management services for the Group, under a service agreement with the subsidiary Ibersol, Restauração, S.A. in the annual amount of €1,000,000 (in 2020: €1,000,000). Among the obligations of ATPS - Sociedade Gestora de Participações Sociais, S.A. this includes ensuring that the company’s administrators, Dr. António Carlos Vaz Pinto de Sousa and Dr. António Alberto Guerra Leal Teixeira, perform their duties without Ibersol having to incur any additional burden. b) Remaining members in the amount of 101,135 euros, and for 2 of the 3 members it corresponds only to the period after their election (June 2021). In 2020 it was 6,000 euros. Remunerations are fixed and as at 31st December 2021 there are no benefit and in- centive plans or outstanding balances or other commitments. 34. TRANSACTIONS WITH RELATED PARTIES Balances and transactions with related parties in 2021 and 2020 can be presented as follows: Parent entitie Jointly controlled entitie Associated entitie Other entities 2021 2020 2021 2020 2021 2020 2021 2020 Supplies and services 1.000.000 1.000.000 4 174 391 3 667 953 - - - - Rental lease - - - - - - 2 200 946 1 373 755 Accounts Payable - - 1 395 331 1 215 575 - - - - Other current assets - - - - - 300 000 - - Financial investments - - - - 300 000 - - - Other financial investments - - - - - - 400 000 - The parent company of Ibersol SGPS S.A. is ATPS - SGPS, SA, holder directly and indirectly of 26.004.023 shares. 421