IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 On 31st December 2017 and 2016, the consolidated statements of financial position, of compre- hensive income and consolidated cash flows statements of subsidiary Dehesa in group Ibersol, were as follows: Balance sheet Dec. 2017 Dec. 2016 Non-current assets 771.858 943.835 Current assets 1.672.207 1.717.682 Total assets 2.444.065 2.661.517 Equity (1) 1.562.718 768.349 Non-current liabilities 30.895 0 Current liabilities 850.452 1.893.168 Total liabilities 881.347 1.893.168 Total equity and liabilities 2.444.065 2.661.517 Profit and loss account Dec. 2017 Dec. 2016 Operating income 3.828.855 540.687 Operating costs -2.758.062 -400.935 Net financing cost -11.715 -1.379 Pre-tax income 1.059.078 138.373 Income tax -264.709 -29.775 Net profit (1) 794.369 108.598 Cash flows statement 2017 2016 Flows from operating activities 959.295 176.397 Flows from investment activities -64.861 -168.120 Flows from financing activities -551.362 -540.410 Change in cash & cash equivalents 343.072 -532.133 (1) Reconciliation of equity and profit of the interest that do not control Dehesa, is presented as follows: Dec. 2017 Dec. 2016 Equity 1.562.718 768.349 50% 50% 781.359 384.175 Net profit 794.369 108.598 50% 50% 397.185 54.299 259