IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT In relation to the above segments, the following groups of homogeneous cash-ge- nerating units were identified: UGC Dec/2019 Dec/2018 Restaurants Ribs 5 175 479 4 053 581 Frescco 1 476 821 1 476 821 Pizza Movil 3 116 287 7 116 287 Pizza Hut 1 972 242 1 972 242 Sub-total 11 740 829 14 618 931 Counters Pans & C.º 11 850 160 11 850 160 Burger King 24 641 046 24 641 046 KFC 708 785 708 785 Sub-total 37 199 991 37 199 991 Concessions and Catering Concessions and travel 35 823 319 35 823 319 Catering 3 024 365 3 024 365 Sub-total 38 847 684 38 847 684 Others 179 721 179 721 TOTAL 87 968 225 90 846 327 Other Assets - Brands, Industrial Property and Other Intangible Assets In the remaining intangible assets, with a defined useful life, the impairment tests carried out revealed that the recoverable value is more than 20% of the recorded value. Evaluations were made based on the value of use calculated based on the Discoun- ted Cash Flow (DCF) method and that support the recoverability of the goodwill values. The values reached are sustained by historical performance, expectations of market development and strategic development plans for each business. Industrial property includes: space exploitation rights (entrance rights or surface rights), trademark exploitation rights and concession rights. The group’s main operating rights relate to the franchise rights paid to international brands at the opening of the restaurants operating under the brand: 20 years in the case of Burger King and 10 years in the case of Pizza Hut and KFC, which are rene- wable by others 10 years by option of the franchisee. 257