IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements On 31 December 2023, the group of assets and liabilities classified as held for sale con- cerned 9 restaurants in concessions, of which only 1, the Madeira Airport concession, had not yet been sold as of December 31, 2024 (sold in January 2025). Group of assets and liabilities classified as held for sale 2024 2023 Tangible Fixed Assets 66 781 3 485 989 Intangible Assets 64 837 353 546 Right of use 265 279 2 037 157 Group of assets classified as held for sale 396 898 5 876 692 Lease liabilities -174 002 -1 833 086 Group of assets classified as held for sale -174 002 -1 833 086 Net value of assets and liabilities classified as held for sale 222 896 4 043 606 6.9. Investment Property Accounting policies The Group classifies as investment properties in the consolidated financial statements properties held with the aim of capital appreciation and/or obtaining income from third parties. An investment property is initially measured at its acquisition or production cost, including transaction costs that are directly attributable to it. After initial recognition, investment properties are measured at cost less amortization and accumulated impairment losses. Subsequent costs with investment properties are only added to the cost of the asset if it is likely that they will result in future economic benefits in addition to those considered at initial recognition. Depreciation Depreciation of investment properties is calculated using the straight-line method, in order to allocate their cost to their residual value, based on their estimated useful life of 20 years. 422