IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 The value of the decreases refers essentially to the effect of the sale of the Burger King business, in the amount of 9,386,910 euros. The addition in Industrial Property corresponds mostly to the improvement of programs and software and to renewal licenses and new franchise contracts. Intangible assets in progress mostly relate to territorial rights to open units, which are paid in advance to the brands at the time when joint agreements are signed between Ibersol and the franchisors to open units. 6.3. Property, plant and equipment Accounting policies Initial recognition and measurement Buildings and other constructions comprise properties dedicated to the restoration activity, as well as expenses with works on third-party property, namely resulting from the installation of restoration shops. Tangible fixed assets are measured at acquisition cost, net of the respective deprecia- tion and accumulated impairment losses. Acquisition cost includes all expenditure directly attributable to the acquisition of the assets. Borrowing costs incurred and borrowing costs for the construction of tangible assets are recognized as part of the construction cost of the asset. Depreciations Depreciation of assets is calculated using the straight-line method, in order to allocate their cost to their residual value, based on their estimated useful life, as follows: Years Buildings and other constructions 10-35(*) Equipment 10 Tools and utensils 4 Vehicles 5 Office equipment 10 Other tangible fixed assets 5 (*)Two buildings owned by the Group have an estimated useful life of up to 50 and 40 years. Assets’ depreciable amounts, useful lives and depreciation method are reviewed and adjusted, if necessary, on the date of the consolidated statement of financial position. Changes to useful lives are treated as a change in accounting estimate and are applied prospectively. 443