IBERSOL | Annual Report 2021

CONSOLIDATED FINANCIAL STATEMENTS IBERSOL S.G.P.S., S.A. CONSOLIDATED STATEMENT OF FINANCIAL POSITION ON 31st DECEMBER 2021 (values in euros) The Board of Directors ASSETS Notes 31/12/2021 31/12/2020 Non-current Property, plant and equipment 2.7 and 8 214 373 712 213 304 027 Rights of use 2.2, 2.19 and 7 138 871 151 281 632 588 Goodwill 2.9 and 9 79 032 821 80 509 642 Intangible assets 2.8 and 9 35 870 696 36 849 594 Financial investments - joint controlled subsidiaries and associated 2.3 and 10 2 940 318 2 699 661 Non-current financial assets 2.10 and 10 978 965 574 737 Other financial assets 2.10 and 11 841 165 823 927 Other non-current assets 2.12 and 12 7 524 331 7 743 025 Deferred tax 2.16 and 18 11 088 442 14 914 797 Total non-current assets 491 521 600 639 051 998 Current Inventories 2.11 and 13 15 717 458 11 602 015 Income tax receivable 2.16 and 18 110 222 169 241 Other financial assets 2.10 and 11 1 338 791 1 618 259 Other current assets 2.12 and 15 26 698 358 25 745 207 Cash and cash equivalents 2.13 and 14 96 968 003 50 550 293 Total current assets 140 832 831 89 685 015 Total Assets 632 354 431 728 737 013 EQUITY AND LIABILITIES EQUITY Capital and reserves attributable to shareholders Share capital 2.14 and 16.1 46 000 000 36 000 000 Own shares 2.14 and 16.2 -11 180 516 -11 180 516 Share premium 29 900 789 469 937 Legal reserves 1 751 081 1 629 598 Translation reserve -11 331 432 -12 821 109 Other Reserves & Retained Earnings 142 053 271 197 372 003 Net profit for the period 31 379 907 -55 197 249 228 573 100 156 272 664 Non-controlling interests 16.4 90 482 133 241 Total Equity 228 663 582 156 405 905 LIABILITIES Non-current Loans 2.15 and 17 140 439 066 145 494 956 Lease liabilities 2.2 and 17 121 422 685 254 632 020 Deferred tax 2.16 and 18 3 376 658 3 896 164 Provisions 2.17 and 19 2 428 023 33 257 Derivative financial instrument 2.22 and 20 18 976 63 078 Other non-current liabilities 4 176 6 026 Total non-current liabilities 267 689 584 404 125 501 Current Loans 2.15 and 17 26 593 284 19 573 625 Lease liabilities 2.2 and 17 21 645 649 74 382 513 Accounts payable to suppliers and accrued costs 2.12 and 21 72 507 391 61 958 343 Income tax payable 2.16 and 18 456 400 15 329 Other current liabilities 22 14 798 541 12 275 797 Total current liabilities 136 001 265 168 205 607 Total Liabilities 403 690 849 572 331 108 Total Equity and Liabilities 632 354 431 728 737 013 Porto, 29 th April 2022 328