IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 teed minimum payment. In this sense, such rents are no longer relevant to the lease liability, so as from the date of entry into force of Law 13/2021, the lease liability as- sociated with these contracts was derecognized against the respective right of use, with the difference resulting income has been recognized as a gain in profit or loss for the year. In terms of the financial position, the application of the law results in a relevant de- crease in liabilities and assets, since the leasing contributions associated with the contracts with AENA are therefore recognized as rent and rental expenses from 1st October of 2021. The impact of the adoption of the new Law 13/2021, on 1st October, 2021, on the consolidated statement of financial position and on the consolidated statement of income and other comprehensive income is presented as follows: Additionally, under Law 13/2021, the amount of 5.7 million euros was considered in rents for the period from October to December 2021. As a result of the new rules to be applied to rents and the accounting treatment of li- abilities, the Ibersol Group carried out a review of the business plans of the concessions in Spain, taking into account the most recent traffic estimates by Eurocontrol, which point to a recovery in 2024 of the 2019 traffic, as well as the effects of the new rules to be applied to the rents of concessions in Spain, as described above. The following im- pacts were determined on the financial statements: • recognition of impairments in the CGUs of Gran Canaria and Málaga airports in the amount of 2.1 million euros; AENA Ajustment 31/12/2021 Assets Rights of use (Note 7) -128 474 135 138 871 151 Deferred tax (Note 18) -16 677 344 11 088 442 Liabilities Non-current Lease liabilities (Note 17) 124 796 839 -140 439 066 Current Lease liabilities (Note 17) 70 386 671 -21 645 649 Accounts payable to suppliers and accrued costs (Note 21) -5 354 440 -72 507 391 Other operating gains (losses) (Note 25) 61 354 936 70 200 603 Profit before tax 61 354 936 35 238 181 Income tax (Note 27) -16 677 344 -8 446 054 Net Profit 44 677 592 26 792 127 335