IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 Balances between continuing operations and discontinued operations are eliminated in the consolidation process. Transactions between continuing operations and discontinued operations are eliminated to the extent that they represent operations that will no longer be carried out by the Group. Judgments and estimates The determination of the final sale price of the purchase and sale agreement for Burger King restaurants, as detailed in the introductory note presented in note 2 of this Notes, which follows the definition in the purchase and sale agreement entered into, includes components dependent on estimates and future events/happenings, which require the Board of Directors to exercise judgment. For the purposes of calculating the capital gain from the sale of the Burger King business, the Board of Directors had to estimate the final value of the Net Debt, the Extension Earn-Out and any liabilities covered by Reps & warranties under the purchase and sale agreement of actions. Within the scope of this assessment, the Board of Directors took into account the best information available at the time of preparation of the financial statements, having also used prospective information, namely with regard to the expectation of renewal of lease contracts for some of the restaurants involved in the transaction. As at 31 December 2022 and 2021, the impact of the discontinued operations on the Consolidated Statement of Income and Other Comprehensive Income is as follows: Income from discontinued operations 2022 2021 Sales and services rendered 177 069 082 153 334 168 Cost of sales -55 231 375 -45 498 088 External supplies and services -44 887 297 -37 936 039 Personnel costs -50 245 485 -42 755 321 Amortisation, depreciation and impairment losses of AFT, Rights of Use, Goodwill and IA -12 198 086 -19 456 527 Other operating revenues / (costs) 2 388 352 2 872 706 Operating profit 16 895 191 10 560 899 Financial expenses -4 535 032 -4 264 164 Financial income - 11 713 Profit before tax 12 360 159 6 308 448 Income tax -409 316 -179 663 Net profit 11 950 843 6 128 785 439