IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 In the years ending on 31 December 2017 and 2016, the movement in the value of intangible assets, amortization and accumulated impairment losses were as follows: Goodwill Brands (1) Industrial property Other intangible Assets Intangible Assets in progress Total 1 January 2016 Cost 42.370.687 - 23.375.198 5.918.825 759.034 72.423.744 Accumulated amortization - - 9.386.179 5.534.246 - 14.920.425 Accumulated impairment 1.861.678 - 3.661.102 39.815 - 5.562.594 Net amount 40.509.009 - 10.327.917 344.764 759.034 51.940.727 31 December 2016 Initial net amount 40.509.009 - 10.327.917 344.764 759.034 51.940.727 Changes in consolidat. perimeter - - 12.901.013 9.296.394 - 22.197.407 Currency conversion - - -94.715 - -127.949 -222.664 Additions 52.353.777 22.000.000 1.914.708 54.868 132.476 76.455.829 Decreases - - -49.600 50.066 66.883 67.349 Transfers - - 3.150 - -3.150 - Amortization in the year - 183.333 1.291.011 288.783 - 1.763.127 Amortiz. by changes in the perimeter - - 12.095.791 6.742.131 - 18.837.923 Impairment in the year - - - - - - Impairment by changes in the perimeter - - 7.562 33.274 - 40.836 Impairment reversion - - - - - - Final net amount 92.862.786 21.816.667 11.707.309 2.581.773 693.528 129.662.064 31 December 2016 Cost 94.724.464 22.000.000 37.973.000 14.875.727 693.528 170.266.719 Accumulated amortization - 183.333 22.597.027 12.252.079 - 35.032.440 Accumulated impairment 1.861.678 - 3.668.664 41.875 - 5.572.216 Net amount 92.862.786 21.816.667 11.707.309 2.581.773 693.528 129.662.064 245