IBERSOL | Integrated Management Report 2022

Consolidated Financial Statements CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 2022 AND 2021 (Amounts in euros) Notas 2022 2021 Cash Flows from Operating Activities Receipts from clients 522 059 661 355 474 947 Payments to supliers 274 899 298 152 876 810 Staff payments 115 328 597 89 558 121 Flows generated by operations 131 831 767 113 040 016 Payments/receipt of income tax 2 514 504 27 658 Other paym./receipts related with operating activities -16 895 137 -32 669 824 Flows from operating activities (1) 112 422 126 80 342 534 Cash Flows from Investment Activities Receipts from: Disposal of discontinued operations net of cash and cash equivalents 6.7. 193 822 251 - Financial investments 354 815 137 842 Tangible fixed assets 3 684 29 953 Interest received 1 693 147 570 729 Other financial assets 8.5. 1 429 154 2 075 587 Payments for: Financial investments 818 120 842 070 Other financial assets 8.5. 2 264 442 1 467 453 Tangible fixed assets 39 593 542 34 706 345 Intangible assests 3 682 205 3 080 111 Flows from investment activities (2) 150 944 741 -37 281 867 Cash flows from financing activities Receipts from: Capital increases and issue premium 8.1.1. - 39 578 472 Loans obtained 8.2. 3 000 000 34 298 753 Payments for: Loans obtained 8.2. 83 427 754 32 227 604 Rental debt 8.4. 24 317 016 28 991 264 Interest from loans and similar costs 5 067 915 4 111 911 Interest from lease contracts 8.4 8 082 545 5 040 566 Dividends paid 8.1.5. 5 724 003 - Acquisition of own shares 8.1.2. 229 711 - Flows from financing activities (3) -123 848 944 3 505 880 Change in cash & cash equivalents (4)=(1)+(2)+(3) 139 517 923 46 566 547 Effects of exchange rate differences 422 816 -147 921 Effect of variation in perimeter 223 887 - Cash & cash equivalents at the start of the period 96 968 003 50 549 377 Cash & cash equivalents at end of the period 8.6. 237 132 629 96 968 003 The Board of Directors Porto, 26th April 2023 382