IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT Consolidated Financial Analysis As of the adoption of new accounting rules, on 1 January, 2019, regar- ding leases - IFRS16 -, the group has chosen to apply the modified re- trospective method in its consolidated accounts, according to which historical figures are not updated. To make the figures easier to compare, and since there have been no changes to the way Ibersol evaluates the operational performance of its business, the following analysis does not apply the IFRS16. 2019 IFRS 16 2019 Excl./FRS16 2018 Operating Incomes Sales 481.8 481.8 445.6 Rendered Services 3.6 3.6 4.5 Other Operating Incomes 13.3 13.3 9.9 Total Operating Incomes 498.7 498.7 460.0 Operating Costs Cost of Sales 117.3 117.3 108.8 External supplies and services 105.0 164.4 149.9 Personnel Costs 152.0 152.0 137.1 Amortisation, Depreciation and Impairment losses of TFA Rights of Use, Goowill and IA 86.6 32.1 29.8 Other Operating Costs 4.8 4.8 3.1 Total Operating Costs 465.8 470.7 428.8 Operating Income 32.9 28.0 31.3 EBIDTA 119.5 60.1 61.0 Net financing cost 20.7 3.2 3.0 Gains (losses) in joint cotrolled subsidiaries - Equity method 0.1 0.1 0.0 Gains (loss) on the net monetary position 0.0 0.0 1.2 Profit before tax 12.3 24.9 29.1 Income tax expense -5.3 -2.2 4.1 Net profit 17.6 27.1 25.1 IFRS16 impacts 99