IBERSOL | 2019 Annual Report

Consolidated Financial Statements 8. TANGIBLE FIXED ASSETS In the years ending on 31 December 2019 and 2018, the following movements took place in the value of tangible fixed assets, depreciation and accumulated impairment losses: Land Buildings Equipment Other tangible fixed Assets Tangible Assets in progress Total 01 January 2018 Cost 15 551 381 243 311 373 127 906 062 25 621 216 1 675 874 414 065 908 Accumulated depreciation 226 667 92 908 055 95 172 615 16 877 084 - 205 184 420 Accumulated impairment - 9 837 119 1 013 238 58 914 - 10 909 271 Net amount 15 324 714 140 566 200 31 720 210 8 685 219 1 675 874 197 972 217 01 January 2018 Initial net amount 15 324 714 140 566 200 31 720 210 8 685 219 1 675 874 197 972 217 Hyperinflationary Economies (IAS 29) 636 821 866 426 204 363 39 617 -48 172 1 699 055 Currency conversion -1 451 675 -3 487 482 -1 732 828 -381 881 -35 010 -7 088 876 Additions - 22 459 004 9 916 886 2 755 073 560 641 35 691 604 Decreases - 599 668 38 421 24 260 538 056 1 200 405 Transfers - 47 057 487 068 84 340 -618 465 - Depreciation in the year 18 973 15 774 618 7 088 709 1 605 514 - 24 487 815 Impairment - 1 385 106 - - - 1 385 106 Impairment reversion - -109 615 - - - -109 615 Final net amount 14 490 886 142 801 429 33 468 569 9 552 595 996 812 201 310 291 31 December 2018 Cost 14 731 098 260 017 140 134 098 549 27 727 867 996 812 437 571 466 Accumulated depreciation 240 212 106 579 970 99 691 547 18 116 824 - 224 628 553 Accumulated impairment - 10 635 741 938 433 58 448 - 11 632 622 Net amount 14 490 886 142 801 429 33 468 569 9 552 595 996 812 201 310 291 248