IBERSOL | Integrated Management Report - 2024

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 2024 and 2023, the other operating income and expenses are broken down as follows: Note 2024 2023 Cost of sales 5.1.1. -112 773 859 -100 190 238 External supplies and services 4.3.1. -129 573 604 -121 872 018 Personnel costs 4.3.2. -145 722 877 -127 345 166 Depreciation, amortisation and impairment losses on non-financial assets 6.2. a 6.6. -72 223 047 -50 734 875 Other operating income/(expense) 4.3.3. 9 493 530 4 908 081 The increase in Rights of Use amortisations in 2024 is essentially the result of the effect of the new contracts with Aena Airports in Spain, Madrid and Lanzarote. 384