IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 Land Buildings Equipment Other property, plant and equipment Property, plant and equipment in progress Total 1 January 2020 Initial net amount 13.919.470 151.249.408 36.687.810 11.132.865 3.574.147 216.563.700 Currency conversion -332.567 -564.470 -202.939 -37.783 -81.974 -1.219.733 Charge-off 1.196.215 15.147.596 6.335.317 1.475.756 750.260 24.905.145 Decreases -633.235 -201.798 -31.548 -20.440 -887.020 Transfers 1.621.180 1.170.107 110.079 -2.799.112 102.254 Depreciation in the year -45.594 -14.422.726 -8.569.615 -2.290.821 -25.328.756 Impairment in the year -831.559 -831.559 Final net amount 14.737.524 151.566.194 35.218.881 10.358.548 1.422.880 213.304.027 31 December 2020 Cost 15 .001.280 276.253.056 141.016.913 31.686.781 1.422.880 465.380.910 Accumulated depreciation -263.756 -116.144.593 -105.430.174 -21.309.796 -243.148.319 Accumulated impairment -8.542.269 -367.858 -18.437 -8.928.564 Net amount 14.737.524 151.566.194 35.218.881 10.358.548 1.422.880 213.304.027 The investment of approximately 25 million Euros in 2020 essentially refers to the opening of six KFC’s, six Burger King’s, two Taco Bell’s and a Ribs restaurant. In 2019, an investment of approximately 44 million Euros was made in the opening of 40 new units, mainly 14 Burger King, 3 KFC and 3 Pizza Hut in Portugal, and 5 concessions at the airports of Alicante, Barcelona and Las Palmas, 2 Burger King and 2 Pans in Spain. Impairment tests on cash-generating units (CGU) The assessment of the existence of signs of impairment at CGU and the respective tests, if necessary, were performed out on an annual basis as referred to in Note 2.9 .. Each store / restaurant is considered a CGU, and in the case of airports each airport it’s a CGU. Methods and assumptions As at 31 December 2020 and 2019, the methods and main assumptions used in the preparation of impairment tests on the Group’s main property, plant and equipment that showed signs of impairment were as follows:. 351