IBERSOL | 2019 Annual Report

Consolidated Financial Analysis Spain (ii) high costs in training due to the opening of new units during the last quarter (iii) operating in provisional spaces and closing periods in the new airport concessions. Supplies and External Services (without IFRS16) Costs with supplies and external services (without IFRS16) amounted to 164.4 million euros, which represents a growth of 9.7% compared to 2018. The increase of the relative weight of this item (without IFRS16) to 33.9% of turnover, compared to 33.3% in 2018, is largely due to the contractual conditions of new concessions in Spain and costs with home delivery commissions. Other Operational Costs Other operational costs amounted to 4.8 million euros and include around 1.4 million euros in fees and taxes and a further 1.9 million in re- duction of assets costs, related to the closing and relocation of shops. Amortisations and Impairment Losses (without IFRS16) Amortisations and impairment losses (without IFRS16) in 2019 amoun- ted to 32.1 million euros, representing 6.6% of business volume, in kee- ping with 2018. Recognised impairment losses of tangible and intangible assets amoun- ted to 4.5 million euros. EBITDA (without IFRS16) The EBITDA (without IFRS16) over the period amounted to 60.1 million euros, which compares to 61.0 million of the previous year and equals a reduction of 1.5% compared to 2018. This was heavily influenced by the transition to new concessions in Spain, according to new contractual terms, and the devaluation of the Angolan currency, as mentioned pre- viously. 106