IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 Individual Net Result and Proposal for the Application of Results During 2020, Ibersol SGPS, S.A. presented a consolidated net prof- it of -55.307.209,00 Euros and a net profit of individual accounts of 2.429.657,37 Euros. Considering the foreseeable evolution of operations and the resulting deterioration of business, the Board has prudently chosen not to dis- tribute dividends, and to approve the following distribution of results: Legal reserve 121.482,87 Euros Free reserves 2.308.174,50 Euros 207