IBERSOL | Annual Report 2020

Consolidated Financial Statements 1 January 2020 339.983.201 Financial debt payments -35.396.611 Update of liabilities with leases 16.770.370 Lease contract increases 21.972.110 Contract terminations / store closings -3.625.157 Income concessions resulting from the COVID-19 pandemic -10.378.560 Others -310.820 31 December 2020 329.014.533 During 2020, the Group obtained discounts on rent payments that led to the respec- tive decrease in liabilities without outflow of funds. 18. INCOMES TAXES AND DEFERRED TAXES 18.1. INCOME TAX 18.1.1. Income tax receivable As at 31 December 2020, income tax receivable amounts to 169.241 Euros (2019: 1.502.658 Euros), presented as follows: dec/2020 dec/2019 Inverpeninsular Group (1) 20.403 58.308 RETGS (2) 121.615 1.340.789 Dehesa (1) - 62.437 Cortsfood 15.483 31.870 Others 11.740 9.254 169.241 1.502.658 (1) tax amount resulting from the tax group of subsidiaries in Spain. Although full participation in non-controlling interests of the subsidiary Dehesa have been acquired in 2019, it only incorporated the tax group in 2020. (2) income tax resulting from the tax group of subsidiaries in Portugal (RETGS), is presented as follows: 2020 2019 Payments on account 599.662 4.594.197 Withholding taxes 144 109.770 Income tax - parent -333.289 -253.083 Income tax - subsidiaries (RETGS) -640.122 -3.469.367 Tax saving (RETGS) 495.220 359.272 Total 121.615 1.340.789 374