IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements BK sale receivable amount Under the purchase agreement signed with Burger King Portugal in November 2022 for the sale of the Burger King business, BK sale receivable amount of 6,824,843 eu- ros relate to the earn-out estimated value of 6,663,297 euros from the fulfillment of the extension program of some contracts, and 161,546 euros from ASA Norte, both amounts received in February 2025. Non-current financial assets The balance relates essentially to the Labor Compensation Fund. State and other public entities The balance relates essentially to VAT recoverable in the amount of 4,135,661 euros at 31 December 2024 (4,355,486 euros in 2023) 5.2.1. Clients Essentially, balances from Catering and Franchising activities (direct merchandise or through the logistics operator and royalties) amounting, respectively, to about 5.4 million euros and 2.7 million euros on 31 December 2024 (3.3 million euros and 2.2 million euros in 2023). Concerning clients debts, their ageing is as follows: dec/2024 dec/2023 Debt not due 4 274 159 2 985 705 Debt due: For less than 1 month 1 639 948 742 397 From one to three months 1 294 007 623 336 Over three months 3 412 761 3 503 632 Total Clients 10 620 875 7 855 070 Accumulated impairment losses -2 521 534 -2 599 276 8 099 341 5 255 794 Impairment is recognized on all customer debt with expected credit losses associated with default risk. During the period, impairment increased by 142,305 euros and decreased by 220,047 euros. 5.2.2. Other accounts receivable The balance of the caption other non-current accounts receivable is mainly composed of deposits and guarantees in Spain, resulting from lease contracts. 392