IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 Cash flows from discontinued operations 2023 2022 Cash Flows from Operating Activities 1 722 978 38 119 401 Cash flows from investing activities - Disposal of discontin- ued operations net of cash 25 971 698 193 822 251 Cash Flows from Investing Activities - Others - -14 701 355 Cash Flows from Financing Activities - -18 478 016 Cash and cash equivalents from discontinued operations 27 694 676 198 762 281 Cash flow of discontinued operations sale 2023 2022 Cash received 25 971 698 209 272 474 Cash and cash equivalents disposed of - -15 450 223 Disposal of discontinued operations net of cash 25 971 698 193 822 251 At 31 December 2023 and 2022, the cash flow of disposal of discontinued operations is presented as follows: In 2023 the amount of gain from sale relates to the adjustment to the price of the Burger King business, broken down into 242,341 euros relating to the adjustment re- sulting from the final Net Debt calculation and 200,000 euros relating to the revision of the estimate of the Extension Earn-out to be received from the negotiation of the lease contracts as a result of the negotiations already completed and in progress, from 7,000,000 euros to 6,800,000 euros. Completion of the sale was scheduled in the SPA for November 2023, but was post- poned for reasons beyond the control of the parties to January 2024. The Consoli- dated Statement of Financial Position therefore includes the amount of 6,800,000 euros in current receivables relating to the Extension Earn-out (note 5.2.1). At 31 December 2023 and 2022, the impact of discontinued operations on the Con- solidated Statement of Cash is as follows: At 31 December 2023 and 2022, the group of assets and liabilities classified as held for sale are as follows: 459