IBERSOL • 2023 Integrated Management Report

Consolidated Financial Statements In the course of concluding the sale process of the subsidiaries Iberking, Restauração S.A. and Lurca S.A.U., the amounts provided for under the price adjustment mecha- nism were received at the beginning of November 2023, after the final Net Debt value had been calculated, as detailed in note 6.7. Non-current financial assets The balance relates essentially to the Labor Compensation Fund. State and other public entities The balance relates essentially to VAT recoverable in the amount of 4,355,486 euros at 31 December 2023 (3,041,087 euros in 2022). 5.2.1. Clients Essentially, balances from Catering and Franchising activities (direct merchandise or through the logistics operator and royalties) amounting, respectively, to about 3.3 million euros and 2.2 million euros on 31 December 2023 (2.7 million euros and 2.8 mi Concerning clients debts, their ageing is as follows: dec/2023 dec/2022 Debt not due 2 985 705 13 229 827 Debt due: For less than 1 month 742 397 324 118 From one to three months 623 336 1 237 031 Over three months 3 503 632 2 651 700 Total Clients 7 855 070 17 442 675 Accumulated impairment losses -2 599 276 -2 631 414 5 255 794 14 811 261 Of the total debt not due on 31 December 2022, about 10 million euros relate to Iberking Restauração S.A. The recovery of the catering business, particularly the concessions at soccer stadiums, explains the increase in the amount receivable from customers for more than three months. The impairment of all customer debt with expected credit losses associated with default risk is recognized. 5.2.2. Other accounts receivable The balance of the caption other non-current accounts receivable is mainly composed of deposits and guarantees in Spain, resulting from lease contracts. Accounts receivable from other debtors are initially recognized at fair value and, in the case of medium and long-term debts, are subsequently measured at amortized cost, using 432