IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 The subsidiary companies were included in the consolidation by the full consolidation method. UQ Consult, the Jointly controlled entity, was subject to the equity method according to the group’s shareholding in this company, as indicated in Note 2.2.). The shareholding percentages in the indicated companies imply an identical percentage in voting rights. 5.2. ALTERATIONS TO THE CONSOLIDATION PERIMETER 5.2.1. Acquisition of new companies Company Entry date Head Office % Shareholding 2017 2016 The Eat Out Group S.L.U. 31-out-16 Barcelona - Spain 100,00% - Pansfood, S.A.U. 31-out-16 Barcelona - Spain 100,00% - Foodstation, S.L.U 31-out-16 Barcelona - Spain 100,00% - Dehesa de Santa Maria Franquicias, S.L. 31-out-16 Barcelona - Spain 50,00% - Pansfood Italia, S.R.L. 31-out-16 Barcelona - Spain 100,00% - The above acquisitions had the following impact on the consolidated financial statements to December 31, 2016: Date of acquisition (provisional value) Date of acquisition (definitive value) 31-12-2016 Acquired net assets Tangible and intangible assets (Notes 8 and 9) 32.360.743 53.022.386 53.133.248 Stocks 2.706.371 2.706.371 2.646.062 Deferred tax assets (Note 18) 5.941.376 5.736.509 5.396.589 Other assets 18.937.159 15.069.723 18.949.342 Cash & bank deposits 3.640.340 3.640.340 5.523.047 Provisions (Note 19) -1.000.000 -1.000.000 -1.000.000 Loans -16.982.720 -16.982.720 -25.794.395 Deferred tax liabilities (Note 18) -679.372 -2.779.372 -2.918.062 Other liabilities -37.602.707 -33.798.174 -31.153.618 7.321.190 25.615.062 24.782.213 Goodwill (Note 9) 70.647.649 52.353.777 Interests that do not control -868.839 -868.839 Acquisition price 77.100.000 77.100.000 Payments 77.100.000 77.100.000 Amounts payable in the future - - 77.100.000 77.100.000 Net cash-flows from acquisition Payments made 77.100.000 77.100.000 Cash & cash equivalents acquired 3.640.340 3.640.340 73.459.660 73.459.660 233