IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT In 2019, an investment of around 54 million was made in the opening of 40 new units, mainly 14 Burguer King, 3 KFC and 3 Pizza Hut in Portugal, and 5 concessions at the airports of Alicante, Barcelona and Las Palmas, 2 Burguer King and 2 Pans in Spain. On part of the investment in Spain, leasing contracts were made in the amou- nt of around 10 million (usage rights, note 9). In 2018, an investment of around 35 million euros was made, in the opening of 41 new units, basically 10 Burger King in Portugal and 12 concessions in Spain. Property, plant and equipment - impairment tests Land Buildings Equipment Other tangible fixed Assets Tangible Assets in progress Total 01 January 2019 Initial net amount 14 490 886 142 801 429 33 468 569 9 552 595 996 812 201 310 291 Change in accounting policy (IFRS 16) - -3 335 985 -899 062 -47 363 - -4 282 410 Changes in the perimeter - 1 600 000 845 363 119 304 - 2 564 667 Currency conversion -542 668 -1 209 078 -540 488 -117 382 -19 445 -2 429 061 Additions - 25 420 469 11 712 366 3 596 959 3 144 834 43 874 629 Decreases - 1 298 973 119 844 25 680 43 908 1 488 406 Transfers - 39 603 280 569 34 644 -504 148 -149 332 Depreciation in the year 28 749 12 999 373 8 257 847 1 995 447 - 23 281 415 Impairment in the year - 492 746 - - - 492 746 Impairment reversion - -724 062 -198 182 -15 236 - -937 480 Final net amount 13 919 470 151 249 408 36 687 810 11 132 865 3 574 147 216 563 700 31 December 2019 Cost 14 163 037 267 021 639 138 067 977 30 839 024 3 574 147 453 665 824 Accumulated depreciation 243 567 105 564 602 100 649 863 19 662 947 - 226 120 979 Accumulated impairment - 10 207 629 730 304 43 212 - 10 981 144 Net amount 13 919 470 151 249 408 36 687 810 11 132 865 3 574 147 216 563 700 249