IBERSOL | Integrated Management Report 2022

Consolidated Financial Statements Dec/ 2022 Dec/ 2021 Accounts receivable -4 416 -390 151 Other financial assets -93 132 -53 660 -97 548 -443 811 In 2022 and 2021, interest on financial liabilities at amortized cost amounts to 2.617.824 and 2.236.096 euros, respectively. 8.8. Financial activity result Accounting policies Financial charges associated with loans obtained (interest, premiums, ancillary costs and interest on finance leases) are recognized as an expense in the income statement for the period in which they are incurred, in accordance with the accruals principle. If they relate to qualifying assets, financial charges are duly capitalized as defined in the applicable IFRS. Financial expenses and losses in 2022 and 2021 are presented as follows: Financial expenses 2022 2021 Interest from lease liabilities (IFRS16) 4 481 130 9 829 485 Interest expenses with financing 2 617 824 2 236 096 Other financial expenses 2 176 612 1 293 797 9 275 566 13 359 378 Reduction of liability interest on leases due in 2021 to include costs associated with contracts with Airports in Spain for 9 months. Liability interest on leases (IFRS16) by geography, are presented as follows: 2022 2021 Spain 2 007 369 8 120 980 Portugal 2 280 120 1 551 285 Angola 193 641 157 220 4 481 130 9 829 485 464