IBERSOL • 2023 Integrated Management Report

Consolidated Financial Statements 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 responsibil- ity 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: 2023 2022 Catering sales 414 292 532 515 883 700 Restaurant sales 388 135 071 495 356 179 Event catering sales 18 847 402 14 707 102 Concession catering sales 7 310 059 5 820 419 Merchandise sales to franchisees 11 465 520 14 715 432 Total sales 425 758 052 530 599 132 Services Rendered 3 559 587 3 065 770 Franchise royalties 1 953 458 1 953 371 Rents from investment properties 638 684 52 800 Other 967 445 1 059 599 Turnover Continuing Operations 429 317 639 533 664 902 Turnover Discontinued Operations (note 6.7) 11 133 213 178 068 333 Turnover 418 184 426 355 596 569 In 2023 restaurant sales through Aggregator platforms amount to €39.4 million (€33.9 million in 2022). 418