IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 Perpetuity growth rate Impairment Variation in impairment - increase/(decrease) 1% less than the base 2 413 835 3 660 0.5% less than the base 2 453 699 43 524 base 2% more 2 410 175 0.5% more than the base 2 401 406 -8 769 1% more than the base 2 406 075 -4 100 The impairment determined in the CGUs identified above was allocated to the corresponding tangible and intangible assets. Although the CGUs include other assets (RoU), taking into account the materiality of the impairment and the lower weight of other assets in each CGU, the allocation of the impairment would not result in material differences in the presentation of financial statements. 6.6. Investments in associates and joint ventures Accounting policies Investments in joint ventures and associated companies are recorded in accordance with the equity method of accounting and are included in the consolidated statement of financial position in the caption “Investments in associated and joint ventures”. In accordance with the equity method, financial investments are recorded at their acquisition cost and the carrying amount is subsequently increased or decreased to recognize the Group’s share of the profits or losses of the associate or joint venture, and for dividends received. The differences between the acquisition price and the fair value of the identifiable assets and liabilities of the joint ventures and associates on the acquisition date, if positive, are recognized as Goodwill and maintained in the value of the financial investment in joint ventures and associates. Investments in associates are subject to impairment tests whenever there are indications of impairment. An impairment loss is recognized in the income statement for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and its value in use. To perform impairment tests, each investment is analyzed separately. Impairment losses on financial investments in associates are reversible. In June, a financial investment of 3 million euros was made in a capital increase of the Spanish company Medfood Invest S.L., which indirectly operates 31 KFC restaurants in Spain, with the Group now holding 40% of the company’s capital. It was agreed that, subject to certain conditions being met and the completion of due diligence processes, Ibersol could, in April 2024, make an offer to acquire the remaining share capital or opt to exit for the amount invested with monetary correction. This investment has been 455