IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements 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: 2024 2023 Catering sales 462 209 725 414 292 532 Restaurant sales 440 435 711 388 135 071 Event catering sales 13 165 459 18 847 402 Concession catering sales 8 608 554 7 310 059 Merchandise sales to franchisees 10 470 579 11 465 520 Total sales 472 680 303 425 758 052 Services Rendered 3 190 147 3 559 587 Franchise royalties 1 931 854 1 953 458 Rents from investment properties 677 235 638 684 Other 581 059 967 445 Turnover Continuing Operations 475 870 451 429 317 639 Turnover Discontinued Operations 1 569 605 11 133 213 Turnover 474 300 845 418 184 426 In 2024 restaurant sales through Aggregator platforms amount to €50.4 million (€39.4 million in 2023). 378