IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 The increase in other financial expenses is essentially due to the updating of the value of the deposits in Spain referred to in Note 5.2. Income and financial gains in 2023 and 2022 are presented as follows: Financial income and gains 2023 2022 Interest income 4 058 991 1 443 289 Other financial income 464 914 166 994 4 523 905 1 610 283 Interest earned essentially refers to interest on term deposits (3,672,689 euros) and interest on treasury bonds in Angola (339,571 euros). The detail of other financial income is presented as follows: 2023 2022 Derivatives - 18 976 OT's impairment (Nota 8.4.) 157 279 - Other financial income 307 635 148 018 464 914 166 994 9. Current and Deferred Taxes 9.1. Current income tax Accounting policies Current income tax is calculated based on the taxable income of the companies included in the consolidation, in accordance with the tax rules in force in the location of the head office of each company included in the consolidation perimeter. In Portugal, the tax estimate (IRC) was calculated under the Special Regime for Taxation of Groups of Companies (RETGS). In Spain, current tax on subsidiaries based in Vigo, Madrid and Barcelona (except Cortsfood and Dehesa) was calculated under the special tax regime for economic groups. The remaining subsidiaries, headquartered in Luanda - Angola, calculate their current tax individually, in light of the regulations in force in the country of their registered office. 483