IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 October onwards, led to an increase in the relative weight of this item. On the other hand, due to the application of the “Amendments to IFRS 16” (processing of previously agreed benefits to the leases), 4.6 million euros of lease discounts have been deducted, due to agreements with lessors celebrated before 31 December and the reduction of minimum rents in Portuguese shopping centres due to the application of “Lei n.4- A/2021” in the period between January and June 2021. Other income and operational costs Other income and operational costs amounting to 70.2 million euros represent an increase of 65.6 million compared to the 2020 financial year, mostly explained by the impact of “Ley 13/2021” and Covid-19 pan- demic-related government support mechanisms during the period: • write-off of lease contracts in the Spanish concessions, according to “Ley 13/2021” valued at 61.4 million euros; • recognition of 7.5 million euros compared to the 1.9 million euros in 2020 within the scope of the “Apoiar” and “Incentivo Extraordinário à Normalização da Atividade Empresarial” programs; • reduction of costs related to the write-off of assets due to store clo- sure, valued at 1.1 million euros; • increase of income related to contracts with suppliers of 1.3 million euros; • reduction of income due to favourable exchange differences in 2020, valued at 2.5 million euros in Angola; • recording of a provision for onerous contracts, at the Gran Canária airport, in the amount of 1.6 million euros. Other operational costs also include around 0.9 million euros in fees and taxes. 35