IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 CONSOLIDATED NET RESULTS Profit/(loss) before taxes Results before income tax amounted to 35.6 million euros, which repre- sents an increase of 105.7 million euros compared to 2020. The value of current taxes is 0.5 million euros and deferred taxes are positive by about 3.4 million euros. Financial Year Consolidated Results Due to the recovery of activity, the recognition of rent liabilities not pay- able until September 2021 and the difference between the lease liability and rights of use of the lease in the Spanish airports as income, the consolidated net results for the financial year stood at 31.3 million euros, compared to the -55.3 million euros recorded in 2020. FINANCIAL SITUATION Consolidated Financial Position Consolidated Assets stood at 632,4 million euros as of 31 December 2021, which represents a reduction of 96.4 million euros compared to 728.7 million euros at the end of 2020, the main transactions being: (i) Reduction of rights of use of the concession contracts in Spanish airports, due to the effects of Ley 13/2021 (around 128.5 million euros); (ii) Investment in expansion plans, especially with Burger King, KFC, and Taco Bell (around 29.1 million euros); (iii) Refurbishing and varied investments in Portugal and Spain (around 4.2 million euros); 39