IBERSOL | Annual Report 2020

Consolidated Financial Statements IBERSOL S.G.P.S., S.A. CONSOLIDATED STATEMENT OF FINANCIAL POSITION ON 31 DECEMBER 2020 (values in euros) The Board of Directors ASSETS Notes 31/12/2020 31/12/2019 Non-current Property, plant and equipment 2.7 and 8 213.304.027 216.563.700 Rights of use 2.2, 2.19 and 7 281.632.588 321.812.178 Goodwill 2.8 and 9 80.509.642 87.968.225 Intangible assets 2.8 and 9 36.849.594 36.440.964 Financial investments - joint controlled subsidiaries and associated 2.3 and 10 2.699.661 2.566.336 Non-current financial assets 2.10 and 10 574.737 435.226 Other financial assets 2.10 and 11 823.927 2.710.150 Other non-current assets 2.12 and 12 7.743.025 8.238.111 Deferred tax 2.16 and 18 14.914.797 4.010.940 Total non-current assets 6 639.051.998 680.745.830 Current Inventories 2.11 and 13 11.602.015 12.014.986 Income tax receivable 2.16 and 18 169.241 1.502.658 Other financial assets 2.10 and 11 1.618.259 12.916.621 Cash and cash equivalents 2.12 and 15 25.745.207 31.681.067 Other current assets 2.13 and 14 50.550.293 38.424.757 Total current assets 89.685.015 96.540.090 Total Assets 728.737.013 777.285.920 EQUITY AND LIABILITIES EQUITY Capital and reserves attributable to shareholders Share capital 2.14 and 16.1 36.000.000 36.000.000 Own shares 2.14 and 16.2 -11.180.516 -11.180.516 Share premium 2.13 469.937 469.937 Legal reserves 1.629.598 1.075.511 Translation reserve -12.821.109 -10.355.553 Other Reserves & Retained Earnings 197.372.003 180.376.862 Net profit for the period -55.197.249 17.549.228 156.272.664 213.935.469 Non-controlling interests 16.4 133.241 293.007 Total Equity 156.405.905 214.228.476 LIABILITIES Non-current Loans 2.15 and 17 145.494.956 74.763.367 Lease liabilities 2.2 and 17 254.632.020 286.206.086 Deferred tax 2.16 and 18 3.896.164 8.671.083 Provisions 2.17 33.257 33.257 Derivative financial instrument 2.22 and 19 63.078 128.699 Other non-current liabilities 6.026 6.146 Total non-current liabilities 404.125.501 369.808.638 Current Loans 2.15 and 17 19.573.625 46.399.315 Lease liabilities 2.2 and 17 74.382.513 53.777.115 Accounts payable to suppliers and accrued costs 2.12 and 20 61.958.343 77.816.608 Income tax payable 2.16 and 18 15.329 689.748 Other current liabilities 21 12.275.797 14.566.020 Total current liabilities 168.205.607 193.248.806 Total Liabilities 572.331.108 563.057.444 Total Equity and Liabilities 728.737.013 777.285.920 Porto, 27th April 2021 302