IBERSOL • 2023 Integrated Management Report

Consolidated Financial Statements Government grants are recognized as income or loss on a systematic basis over the periods in which the entity recognizes the related costs as expenses. Government grants for financing investments in tangible and intangible assets are deferred and recorded as liabilities. Investment subsidies are recognized in the con- solidated statement of income during the estimated useful life of the subsidized assets under “Other operating income / (expenses)”. As at 31 December 2023 and 2022, the other operating income and expenses are broken down as follows: Note 2023 2022 Cost of sales 5.1.1. -100 190 238 -87 767 965 External supplies and services 4.3.1. -121 872 018 -107 012 426 Personnel costs 4.3.2. -127 345 166 -105 451 807 Depreciation, amortisation and impairment losses on non-financial assets 6.1. a 6.5. -50 734 875 -39 061 832 Other operating income/(expense) 4.2.3. 4 908 081 5 815 149 Depreciation in 2022 did not include depreciation of assets under right of use relat- ing to lease contracts with AENA since, as a result of the application of Law 13/2021, they no longer have guaranteed minimum rents in that year. In 2023, depreciation already includes the new lease contracts with AENA signed in 2023 and the contract with Menorca airport which, as a result of the same Law 13/2021, now has minimum rents in 2023. 424