IBERSOL | Annual Report 2020

Consolidated Financial Statements Head-office is the business development location of each listed entity. The subsidiary companies were included in the consolidation by the full consolida- tion method. UQ Consult, the jointly controlled entity and the associated Ziaicos, was subject to the equity method according to the group’s shareholding in this com- pany (Note 2.3). The shareholding percentages in the indicated companies imply an identical per- centage in voting rights. 5.2. CHANGES TO THE CONSOLIDATION PERIMETER 5.2.1. Acquisition of new companies In the period ended 31 December 2020, the Group acquired the subsidiary Voesmu and formalized the purchase of Volrest companies, whose operation became con- trolled in the period ended in 2019. In addition, the adjustment to the acquisition price of the subsidiary Maestro was recognized. These two changes resulted in a loss of 200,000 Euros (Maestro) and a gain of 46,373 Euros (Voesmu), recognized in the consolidated income statement and other comprehensive income for the amount of 153,627 Euros. 5.2.2. Disposals In the periods ended 31 December 2020 and 2019 there were no disposals of sub- sidiaries. 5.2.3. Other changes in the consolidation perimeter As at 30 November 2020, the subsidiary Charlotte Develops, SL merged into the subsidiary Inverpeninsular, S.L .. 6. INFORMATION PER SEGMENT Ibersol Administration monitors the business based on the following segmentation (Note 2.4): Segment Brands Restaurants Pizza Hut Pasta Caffe Pizza Movil FresCo Ribs StaMaria Counters KFC O'Kilo Miit Burger King Pans & C.ª Coffee Counters Taco Bell Concessions and catering Sol (AS) Concessions Catering Convenience stores Travel 344