IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated Financial Statements Goodwill Brands (1) Industrial property Other intangible Assets Intangible Assets in progress Total 31 December 2017 Initial net amount 92.862.786 21.816.667 11.707.309 2.581.773 693.528 129.662.064 Changes in consolidat. perimeter - - - - - - Hyperinflationary Econo- mies (IAS 29) (2) 368.432 538.852 907.284 Currency conversion - - -2.792 - -2.808 -5.600 Additions - - 1.221.296 - 96.547 1.317.843 Decreases - - -178 22.024 - 21.845 Transfers - - 13.664 - -13.664 - Amortization in the year - 1.100.000 1.916.576 864.416 - 3.880.994 Amortiz. by changes in the perimeter - - - - - - Impairment in the year - - - - - - Impairm. by changes in the perimeter - - - - - - Impairment reversion - - - - - - Final net amount 92.862.786 20.716.667 11.391.511 1.695.333 1.312.455 127.978.752 31 December 2017 Cost 94.724.464 22.000.000 40.254.584 13.873.100 1.312.455 172.164.604 Accumulated amortization - 1.283.333 25.197.741 12.135.892 - 38.616.967 Accumulated impairment 1.861.678 - 3.665.332 41.875 - 5.568.885 Net amount 92.862.786 20.716.667 11.391.511 1.695.333 1.312.455 127.978.752 (1) Note 5.2.1. (2) Changes resulting from the application of IAS 29, the hyperinflationary economy, are as follows: Restatement of Intangible Assets 01/01/2017 470.219 Reexpression of the year 2017 437.065 Restatement of acquisitions for the year - Total 907.284 Restatement of amortization for the year -68.542 Intangible Assets 838.742 Industrial property includes: space exploitation rights (entrance rights or surface rights), trademark exploitation rights and concession rights. The group’s main operating rights relate to the franchise rights paid to international brands at the opening of the restaurants operating under the brand: 20 years in the case of Burger King and 10 years in the case of Pizza Hut and KFC, which are renewable by others 10 years by option of the franchisee. 246