IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 4.2. Segment reporting Accounting policies The Group presents operating segments based on management information pro- duced internally. In accordance with IFRS 8, an operating segment is a component of the Group: (i) that engages in business activities from which it may earn revenues and incur expenses; (ii) whose operating results are regularly reviewed by the Group’s chief operating decision maker to make decisions about allocating resources to the segment and assess its performance; and (iii) for which separate financial information is available. The group operates in three major segments of activity: The group operates in three major segments of activity: Restaurants , which comprises the units with table service and home delivery restau- rant offerings; Counters , which comprises the units with over-the-counter sales; Concessions and catering , which includes all the other businesses, namely the cater- ing activity and the units located in concession areas. The assets of the segments include mainly property, plant and equipment, intangi- ble assets, inventories, accounts receivable and cash and cash equivalents. Deferred taxes, financial investments and derivatives held for trading or designated as loan hedges are excluded. Segment liabilities are operating liabilities. They exclude items such as income taxes (current and deferred), loans and related hedging derivatives. Unallocated assets and liabilities are not included in the measurement of segment as- sets and liabilities analyzed by the chief operating decision maker and are analyzed from a centralized group perspective. Investments include additions to property, plant and equipment (Note 6.3.) and intan- gible assets (Note 6.2.). Investments are allocated, in terms of segments, according to this type of business. Thus, from the standpoint of segment reporting, in addition to the segments men- tioned above, the Group classifies as “Other, eliminations and adjustments” the re- mainder of entities associated with holding companies, consolidation adjustments and elimination of movements between related parties. 419