IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 4  We have validated the movements occurred in the right-of-use assets and lease liabilities captions; and  We have assessed the adequacy of the respective disclosures in the financial statements, in accordance with the applicable accounting framework. Sale of Burger King operation (143,178,459 euros) See note 6.7 to the consolidated financial statements. The Risk Our response to the identified risk During the year ended 31 December 2022 the Group concluded the sale transaction to Restaurant Brands Iberia, S.A. of the Burger King operation in Portugal and Spain. This transaction resulted in a net gain of 131,227,616 euros and in a profit for the year from discontinued operations of 143,178,459 euros. The comparative information has been re- presented accordingly. This transaction is a key audit matter given the materiality of the impacts on the consolidated financial statements, the complexity associated with the recording of the sale transaction and management's judgment in estimating the final transaction price. Our audit procedures included amongst others, those that we describe below:  We have obtained and analysed the supporting documentation to the transaction, namely the Share Purchase Agreement;  We have obtained and analysed the communications between the Group and Restaurant Brands Iberia, S.A. regarding the price adjustment, as established in the Share Purchase Agreement;  We have assessed the basis and assumptions considered by the Board of Directors in determining the transaction price, in what concerns the estimated future price adjustments. We have validated the underlying calculations of such estimate and have inquired the Group's legal advisors about the interpretation of the conditions and terms established in the Share Purchase Agreement;  We have analysed the correct identification of the assets and liabilities disposed of in the operation, as well as the impacts of the restructuring of assets between business units (carve-ins and carve- outs), as established in the Share Purchase Agreement;  We have assessed the existence of liabilities, if any, that should be recorded or disclosed as a result of representations and warranties given to the buyer; 481