IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 Contracts with customers in which a third entity is involved, namely at the level of deliverers (home delivery), the Group assesses its relationship between agent and principal, having concluded that, with respect to the performance obligation of de- livery of goods, it acts as agent, since this performance obligation is of the respec- tive aggregators, and with respect to the performance obligation of sale of goods, Ibersol acts as principal and the aggregators as agent, since it is Ibersol’s responsi- bility for their production, confection, packaging and dispatch. Services Rendered Provision of services income is recognized in results with reference to the finishing stage of the transaction at the balance sheet date. The services provided by the Group essentially relate to royalties charged to fran- chisees based on sales or use, whereby revenue is recognized when the sale occurs and the performance obligation to which the royalties were assigned is satisfied. The revenue from contracts with customers is presented as follows: 2022 2021 Catering sales 515 883 700 348 551 311 Restaurant sales 495 356 179 344 608 698 Event catering sales 14 707 102 2 531 696 Concession catering sales 5 820 419 1 410 916 Merchandise sales to franchisees 14 715 432 7 159 148 Total sales 530 599 132 355 710 459 Services Rendered 3 065 770 1 624 795 Franchise royalties 1 953 371 1 401 493 Other 1 112 399 223 302 Turnover Continuing Operations 533 664 902 357 335 254 Turnover Discontinued Operations (note 6.7) -178 068 333 -153 334 168 Turnover 355 596 569 204 001 086 In 2022 restaurant sales through Aggregator platforms amount to €33.9 million (€27.5 million in 2021). 399