IBERSOL | Annual Report 2021
ANNUAL REPORT 2021 The financial autonomy ratio, as a reflection of the reduction in usage rights in parallel with the resumption of the Group’s activity and the capital increase, increases to 36.2% in 2021, from 21.5% in 2020. CAPEX (Million Euros) 2021 2020 Var. Fixed assets additions 29,7 24,9 4,8% Intangible assets additions 3,6 3,4 0,2% Capex 33,3 28,3 5,1% In 2021, the CAPEX grew by 5.1 million euros to the amount of 33.3 million euros, which corresponds to investments in: - expansion: opening of 30 new restaurants (29.1 million euros); - refurbishing: 16 restaurants in Portugal and Spain (1.3 million euros); - current miscellaneous investments worth 3.0 million euros. 41
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