IBERSOL | Annual Report 2021

CONSOLIDATED FINANCIAL STATEMENTS - Restaurants, which integrates the units offering catering for table service and home delivery; - Counters, which comprises units for sale over the counter; - Concessions and catering, which encompasses all other businesses, namely ca- tering activities and units located in spaces under concession. The segment assets mainly include property, plant and equipment, intangible assets, inventories, accounts receivable and cash and cash equivalents. Deferred taxes, finan- cial investments and derivatives held for trading or designated as collateral for loans are excluded. The segment liabilities correspond to operating liabilities. It does not include elements such as income taxes (current and deferred), loans and related hedging derivatives. Unallocated assets and liabilities (Note 6) are not included in the measurement of assets and liabilities of the segments analyzed by the main person responsible for making operational decisions and are analyzed from a centralized perspective of the Group. Investments include additions to property, plant and equipment (Note 8) and intangi- ble assets (Note 9). Investments are allocated, in terms of segments, according to this type of business. 2.6 CURRENCY EXCHANGE RATE a) Working and reporting currency The Financial Statements of each group entity are prepared using the currency of the region in which the entity operates (“working currency”). The consolidated fi- nancial statements are presented in Euro. Ibersol’s working currency and the Group’s reporting currency. b) Transactions and balances Exchange differences resulting from the settlement of monetary items or from the conversion of monetary items at rates different from those at which they were con- verted at initial recognition or, in previous financial statements, are recognized in the income statement, unless they result from monetary items that are part of net invest- ment in a foreign operation. In this case, exchange differences are initially recognized in other comprehensive income and are reclassified from equity to the consolidated net income for the period on the total or partial disposal of that operating unit. Exchange differences related to (financial) financing transactions are recorded as fi- nancial costs or income. Exchange differences related to operating activities are re- corded under the heading “Other operating income / (costs)”. c) Financial statements Financial statements assets and liabilities of foreign entities are converted to Euro through the exchange rates at the balance sheet date. Profit and loss as well as the cash flows statements are translated into Euro through the average exchange rate 344