IBERSOL Annual Report 2018

ANNUAL REPORT 2018 FINANCIAL SITUATION Balance Consolidated assets amounted to 444 million euros on the 31st of De- cember, 2018, representing an increase of 14 million in relation to the end of 2017, the main transactions being: (i) Investments in the fulfilment of the expansion plans, especially Burger King and KFC (around 24 million euros) (ii) Remodelling and varied investments in Portugal and Spain (around + 11 million euros) (iii) Increase in the value of the IAS 29 fixed asset – “Hyperinflation- ary Economy” (around 2 million) (iv) Decrease in the technical fixed asset regarding the year’s am- ortisations and impairments (around -30 million euros) (v) Decrease of 3 million euros in Investments in Angolan Treasury Bonds and increase in availabilities of 4 million euros Consolidated liabilities amounted to 241 million euros on the 31st of De- cember, 2018, identical to the amount at the end of 2017. On December 31st, 2018, equity amounted to 203 million euros, an in- crease of 15 million euros compared to the end of 2017. A total of 3.1 million euros in dividends were distributed to shareholders of Ibersol SGPS during the year. 115