IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements In 2024, the value of the increases corresponds to 29 new leases, 45 renewals and 8 extensions of space leases. In Spain, the increases include the reactivation of the con- tracts for the previous spaces at Barcelona Airport and the new contracts for Malaga, Madrid and Barcelona Airports. 8.4. Treasury Bonds Accounting policies Debt instruments at amortized cost Debt instruments are measured at amortized cost if the following criteria are met: • The asset is held to receive its contractual cash flows; It is • The contractual cash flows from the asset represent payments of principal and interest only. Financial assets included in this category are initially recognized at fair value and sub- sequently measured at amortized cost. Ibersol Angola operates with a large component of imports that generate liabilities in foreign currency. In order to reduce the exchange rate risk and face Kwanza variations, the company adopted the policy of holding assets indexed to the USD in an amount, at least, of the same order of magnitude as the liabilities. In addition to holding USD-indexed Treasury Bonds, the company acquired non-ad- justable Treasury Bonds (denominated in AKZ) for the financial application of sur- pluses. The amount of financial assets refers to investments in Treasury Bonds of the Angolan State. The separation by maturity is as follows: dec/ 2024 dec/ 2023 Current Non current Total Current Non current Total Angolan Treasury Bonds 214 025 1 569 909 1 783 935 1 067 733 666 272 1 734 005 Accumulated impairment losses -27 007 -126 259 -153 266 -72 244 -81 022 -153 266 Total 187 018 1 443 650 1 630 669 995 489 585 250 1 580 739 As there has been no significant increase in credit risk since the initial recognition of Treasury Bonds, expected losses within a period of 12 months were considered. 440