IBERSOL • 2023 Integrated Management Report

Consolidated Financial Statements Alternatively, in cases where the Group intends to exercise any existing call options for the underlying asset, the right of use is depreciated over the estimated useful life of the underlying asset. Impairment The rights of use subject to amortization are reassessed to determine any impairment, to be constituted or to be reversed, whenever events occur or changes in circumstances that cause the value at which they are recorded to be recoverable or not. An impair- ment loss is recognized in the consolidated statement of income and other comprehen- sive income for the excess amount of the asset’s carrying amount over its recoverable amount. The recoverable amount is the higher of an asset’s fair value minus expenses incurred in selling it and its value in use. In order to carry out impairment tests, assets are grouped at the lowest level at which cash flows can be identified separately (cash generating units). The assessment of the existence of signs of impairment of the CGU and the carrying out of the respective tests, if necessary, occurs on an annual basis. Each restaurant is con- sidered a cash generating unit (CGU), and in the case of airports each airport is a CGU. Each CGU comprises all the assets and liabilities attributable to each restaurant, namely: tangible fixed assets, intangible assets, rights of use and respective leasing liabilities. Changes in right of use assets During the years ended 31 December 2023 and 2022, the movement in the value of the rights of use, as well as in the respective amortization and accumulated impairment losses, is presented as follows: 448