IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 Expenses to be recognized and accrued income Expenses and income are recorded in the period to which they refer regardless of when paid or received, in accordance with the accrual accounting principle. The differences between the amounts received and paid and the corresponding income and expenses are registered under “Accounts receivable” or “Accounts pay- able” depending on whether they are receivable or payable amounts. Government grants Government grants are government aid in the form of transfer of resources to an entity in exchange for past or future compliance with certain conditions related to the entity’s operating activities. Government grants for financing staff training activities are recognized as income in the consolidated income statement over the period of time during which the Group incurred the related training expenses. Government grants are recognized as income or loss on a systematic basis over the periods in which the entity recognizes the related costs as expenses. Government grants for financing investments in tangible and intangible assets are deferred and recorded as liabilities. Investment subsidies are recognized in the consolidated statement of income during the estimated useful life of the subsidized assets under “Other operating income / (expenses)”. As at 31 December 2022 and 2021, the other operating income and expenses are broken down as follows: Note 2022 2021 Cost of sales 5.1.1. -87 767 965 -42 853 515 External supplies and services 4.3.1. -107 012 426 -51 960 523 Personnel costs 4.3.2. -105 451 807 -70 634 339 Depreciation, amortisation and impairment losses on non-financial assets 6.1. a 6.5. -39 061 832 -64 194 201 Other operating income/(expense) 4.2.3. 5 815 149 67 327 897 In 2021 amortizations included amortizations of the right to use the Spanish Airports for a period of 9 months. 405