IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEARS ENDED 31 DECEMBER 2022 AND 2021 (Amounts in euros) Attributable to equity holders Note Share Capital Own Shares Share Premium Legal Reserves Translation Reserve Other Reserves & Retained Earnings Net Profit Total Non- controlling interests Total Equity Balance as at 1 January 2021 36 000 000 -11 180 516 469 937 1 629 598 -12 821 109 197 372 003 -55 197 249 156 272 664 133 241 156 405 905 Changes for the period: Application of the 2020 consolidated result: Transfer to reserves and retained earnings 121 483 -55 318 732 55 197 249 - - Capital increase 8.1.1 10 000 000 29 430 852 39 430 852 39 430 852 Conversion reserves - Angola 1 489 677 1 489 677 1 489 677 Consolidated net profit for the year ended 31 December 2021 31 379 907 31 379 907 -42 759 31 337 148 Total changes for the period 10 000 000 - 29 430 852 121 483 1 489 677 -55 318 732 86 577 156 72 300 436 -42 759 72 257 677 Consolidated net profit 31 379 907 31 379 907 -42 759 31 337 148 Consolidated comprehensive income 32 869 584 -42 759 32 826 825 Transactions with equity holders in the period Appropriation of consolidated net profit for 2020 Dividends distributed 8.1.5. - - Balance on 31 December 2021 46 000 000 -11 180 516 29 900 789 1 751 081 -11 331 432 142 053 271 31 379 907 228 573 100 90 482 228 663 582 Balance as at 1 January 2022 46 000 000 -11 180 516 29 900 789 1 751 081 -11 331 432 142 053 271 31 379 907 228 573 100 90 482 228 663 582 Changes in the period: Application of consolidated result 2021: Transfer to reserves and retained earnings 225 000 31 154 907 -31 379 907 - - Liquidation of subsidiaries - -170 245 -170 245 Conversion reserves - Angola 1 242 981 1 242 981 1 242 981 Purchase of own shares 8.1.2. -229 711 -229 711 -229 711 Others 37 762 37 762 37 762 Consolidated profit for the year ended 31 December 2022 159 875 149 159 875 149 -1 956 159 873 193 Total changes for the period - -229 711 - 225 000 1 242 981 31 192 669 128 495 242 160 926 181 -172 201 160 753 980 Consolidated net profit 159 875 149 159 875 149 -1 956 159 873 193 Consolidated comprehensive income 161 118 130 -1 956 161 116 174 Transactions with equity holders in the period Appropriation of consolidated net profit for 2021 Dividends distributed 8.1.5. -5 724 002 -5 724 002 -5 724 002 Balance on 31 December 2022 46 000 000 -11 410 227 29 900 789 1 976 081 -10 088 451 167 521 938 159 875 149 383 775 279 -81 719 383 693 560 The Board of Directors Porto, 26th April 2023 383