IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated Financial Statements 16.2. OWN SHARES With the capital increase, Ibersol increased the number of own shares by 599.976, addition- ally acquired 57 in 2017, for the amount of 621 eur. In 2016, also resulting from the capital increase, Ibersol increased its own shares by 399.980, additionally sold 100 shares and ac- quired 25. At the end of the year the company held 2.999.938 own shares acquired for 11.179.968 euros. 16.3. OTHER RESERVES AND RETAINED EARNINGS The group’s non-available reserves reached 11.179.968 euros and refer to own shares held by the group (11.179.968 euros). The amounts distributed to shareholders are determined based on the parent individual fi- nancial statements, which show the available amount of 144.595.505 euros. There are no limits to Ibersol’s ability to assign or use Group assets and settle Group liabilities, other than those which result directly from the law. 16.4. INTERESTS THAT DO NOT CONTROL In the years ending on 31 December 2017 and 2016, the interests that do not control were as follows: % Dec. 2017 Dec. 2016 Dec. 2017 Dec. 2016 Restmon 39% 39% -40.177 -33.038 Dehesa 50% 50% 781.360 384.175 Others -17.738 -17.738 723.445 333.399 Changes in the year in 2017 and 2016 in interests that do not control were as follows: 2017 2016 1st January 333.399 5.121.687 Increases (1) 390.045 916.408 Decreases (2) - -5.704.696 31st December 723.445 333.399 (1)Changes in 2017 and 2016 relate to the results of the non-controlling interest year, respectively, 390.046 eur and 47.569 eur, and in 2016 the effect on minorities of the purchase of the Eat Out group (868.839 eur), according to note 5.2.1. (2)Decrease in 2016 resulting from the distribution of dividends by minority shareholders (4.337.233 eur), the purchase of 10% from the subsidiary IBR Imobiliária, SA to interests that do not control (260.522 eur) and the incorporation of Ibersande’s 20%, for the acquisition of the group Eat Out, according to note 5.2.1. 258