IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 Net assets acquired Fair Value on acquisition date Book value on acquisition date Intangible assets (Note 6.3) 15 840 465 1 148 898 Property, plant and equipment (Note 6.4) 10 649 525 14 017 088 Assets under rights of use (Note 6.5) 21 692 599 - Inventories 397 937 397 937 Deferred Tax Assets 428 828 - Other assets 1 237 323 1 237 323 Cash and bank deposits 1 873 913 1 873 913 Borrowings (Note 8.2) -10 118 181 -9 742 479 Lease liabilities (Note 8.3) -20 611 795 -2 649 577 Deferred tax liabilities -4 345 160 -246 661 Other liabilities -4 600 140 -4 600 140 12 445 315 1 436 303 The main fair value adjustments made as part of the purchase price allocation exercise were: (i) Lease liabilities and assets under right of use (17.9 million euros): in accordance with IFRS 3, in a business combination, the asset under right of use and the respective lease liability must be revalued at the date of acquisition. Following the analysis car- ried out, lease liabilities and assets under right of use were increased by around 17.9 million euros and around 3.7 million euros were also reclassified from tangible fixed assets to assets under right of use (note that the carrying amount shown in the table above did not reflect the requirements of IFRS 16). (ii) Intangible assets - rights to operate KFC brand restaurants (14.7 million euros): these assets were valued based on a discounted cash flow model for each store, consid- ering the expected period of operation of each space and a discount rate of 8.17%. The goodwill calculated, which does not qualify to be tax deductible, is as follows: Retribution transferred 13 452 000 Fair value of the participation previously held in Medfood 3 189 217 Fair value of identified net assets -12 445 315 Goodwill 4 195 902 The previous shareholding in Medfood (acquired in 2023 for 3 million euros) was meas- ured in Ibersol’s consolidated accounts using the equity method. The Board of Directors estimates that the fair value of this holding on the date of acquisition does not differ 399