IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated Financial Statements ASSETS Notes 31/12/2017 31/12/2016 Re-expressed Non-current Tangible fixed assets 2.5 and 8 197.972.217 178.058.537 Goodwill 2.6 and 9 92.862.786 92.862.786 Intangible assets 2.6 and 9 35.115.966 36.799.278 Deferred tax assets 2.14 and 18 7.164.371 8.350.319 Financial investments - joint controlled subsidiaries 2.2 and 10 2.420.386 2.417.631 Available-for-sale financial assets 2.8 and 10 233.108 440.541 Other financial assets 2.8 and 11 17.823.906 10.438.768 Other non-current assets 2.10 and 12 6.335.385 6.494.327 Total non-current assets 6 359.928.125 335.862.187 Current Stocks 2.9 and 13 12.089.907 11.547.211 Cash and bank deposits 2.11 and 14 34.902.883 39.588.532 Income tax receivable 18 5.046.070 2.332.391 Other financial assets 2.8 and 11 5.162.755 7.041.574 Other current assets 2.10 and 15 19.823.562 24.797.594 Total current assets 6 77.025.177 85.307.302 Total Assets 436.953.302 421.169.489 EQUITY AND LABILITIES EQUITY Capital and reserves attributable to shareholders Share capital 2.12 30.000.000 24.000.000 Own shares 2.12 -11.179.969 -11.179.348 Conversion Reserves -2.012.886 -2.002.180 Other Reserves & Retained Results 140.240.143 117.522.486 Net profit in the year 30.849.460 23.249.971 187.896.748 151.590.929 Non-controlling interest 723.445 333.399 Total Equity 16 188.620.193 151.924.328 LIABILITIES Non-current Loans 2.13 and 17 107.687.759 130.457.713 Deferred tax liabilities 2.14 and 18 16.296.869 12.242.099 Provisions 2.15 and 19 4.489.724 3.412.128 Derivative financial instrument 2.20 and 20 235.455 114.935 Other non-current liabilities 21 179.192 208.040 Total non-current liabilities 128.888.999 146.434.915 Current Loans 2.13 and 17 33.326.982 36.333.949 Accounts payable to suppliers and accrued costs 22 67.522.339 65.500.220 Income tax payable 18 324.744 2.349.654 Other current liabilities 23 18.270.045 18.626.423 Total current liabilities 119.444.110 122.810.246 Total Liabilities 6 248.333.109 269.245.161 Total Equity and Liabilities 436.953.302 421.169.489 IBERSOL S.G.P.S., S.A. CONSOLIDATED STATEMENT OF FINANCIAL POSITION ON 31st DECEMBER 2017 and 2016 (values in euros) The Board of Directors, 202