IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 The value in use is determined based on cash flow projections based on financial budgets approved by managers, covering at least a period of 5 years. The Board of Directors determines the budgeted gross margin based on past perfor- mance and its expectations for market development. The weighted average growth rate used is consistent with forecasts included in sector reports. Discount rates are applied after tax and reflect specific risks related to the assets. Whenever the book value of Goodwill exceeds its recoverable amount, the impair- ment is immediately recognized as an expense and is not subsequently reversed. Goodwill is allocated to each of the reportable segments as follows: dec. 2024 dec. 2023 Restaurants 7 147 721 7 147 721 Counters 16 754 847 12 558 945 Concessions and Catering 34 505 388 34 505 388 Others 179 721 179 721 Total 58 587 677 54 391 775 The variation in the year, in the amount of 4,195,902 euros, relates to the acquisition of the Spanish subsidiary Medfood, as per note 6.1. Goodwill is in turn allocated to the following groups of homogeneous cash generating units: dec. 2024 dec. 2023 Restaurants 7 147 721 7 147 721 Ribs 5 175 479 5 175 479 Pizza Hut 1 972 242 1 972 242 Counters 16 754 847 12 558 945 Pans & Cº 11 850 160 11 850 160 KFC (PT) 708 785 708 785 KFC (Spain) 4 195 902 - Concessions and Catering 34 505 388 34 505 388 Concessions & Travel (ES) 30 630 919 30 630 919 Concessions & Travel (PT) 850 104 850 104 Catering 3 024 365 3 024 365 Others 179 721 179 721 TOTAL 58 587 677 54 391 775 401