IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 The impairment determined in the CGUs identified above was allocated to the corresponding tangible and intangible assets. Although the CGUs include other assets (RoU), taking into account the materiality of the impairment and the lower weight of other assets in each CGU, the allocation of the impairment would not result in material differences in the presentation of financial statements. 6.7. Investments in associates and joint ventures Accounting policies Investments in joint ventures and associated companies are recorded in accordance with the equity method of accounting and are included in the consolidated statement of financial position in the caption “Investments in associated and joint ventures”. In accordance with the equity method, financial investments are recorded at their acquisition cost and the carrying amount is subsequently increased or decreased to recognize the Group’s share of the profits or losses of the associate or joint venture, and for dividends received. The differences between the acquisition price and the fair value of the identifiable assets and liabilities of the joint ventures and associates on the acquisition date, if positive, are recognized as Goodwill and maintained in the value of the financial investment in joint ventures and associates. Investments in associates are subject to impairment tests whenever there are indications of impairment. An impairment loss is recognized in the income statement for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and its value in use. To perform impairment tests, each investment is analyzed separately. Impairment losses on financial investments in associates are reversible. In the periods ended 31 December 2024 and 2023, investments in associates and joint ventures were broken down as follows: dec. 2024 dec. 2023 UQ Consult - Serviços de Apoio à Gestão, S.A. 2 783 601 2 787 467 Ziaicos - Serviços e gestão, Lda 194 129 347 314 Medfood Invest S.L. - 3 189 217 Gut & Schnell, SL 137 157 - Sapidium Ferrolterra, SL 1 025 619 - Original Chicken Compostela, SL 857 866 - Frisch Vigo, SL 2 500 - Frisch Pontevedra, SL 445 988 - Lecker Ourense, SL 35 000 - 5 481 859 6 323 998 Accumulated impairment losses - - Total 5 481 859 6 323 998 417