IBERSOL | Annual Report 2020

Consolidated Financial Statements 2020 2019 Portugal Spain Portugal Spain Method used Use Value Use Value Base used* Projections with perpetuity Projections with perpetuity Projections with perpetuity Projections with perpetuity Used Period (years) 5 5 5 5 Discount rate for the period (WACC)** 7,3%/7,6% 6,6%/6,9%/8,5% 5,60% 5,20% * The discount rate presented was calculated based on the methodology WACC (Weighted Average Cost of Capital). ** According to the business segment, Quick service (Burger King, Pans and KFC), Restaurants and Travel, respectively. The growth rate in perpetuity used in cash flow projections is 2%. Year 2020 Unit Assets Impairment losses (*) Service areas (2 units) 112.721 Pasta Caffe (1 unit) 542.735 Ribs (1 unit) 55.043 Pans & C.ª (1 unit) 121.060 TOTAL 831.559 (*) TFA+ROU+IA-Leases liabilities Results of impairment tests The tests performed on Ibersol Group restaurants with signs of impairment resulted in the need to record impairment in the amount of 831,559 Euros and 492,745 Euros in 2020 and 2019, respectively, relating to property, plant and equipment, as follows: Year 2019 Unit Assets Impairment losses (*) Ribs (1 unit) 325.480 Pizza Movil (2 unts) 167.265 Total 492.745 (*) TFA+ROU+IA-Leases liabilities 352