IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements Regarding the tax losses carried forward from Spain, with no expiration date for de- duction, detailed above, the Group did not recognize deferred tax assets on tax losses carried forward generated in Spain amounting to 19,748,770 euros (corresponding to a deferred tax amount of 4,937,193 euros), as there is no reasonable assurance as to the recoverability of such tax losses carried forward. In the analysis of the recoverability of deferred tax assets, the Group took into con- sideration the best estimates of future taxable income projections and the existence of taxable temporary differences against which tax losses, tax credits and deductible temporary differences can be used. Business plans were prepared which, considering the Spanish taxation rules and the specificities of the group of companies, formed the basis for the recoverability assess- ment. The business plans were approved by management and are based on projections from external entities, such as Eurocontrol in the case of traffic, as well as being consist- ent with the business plans that served as the basis for the impairment analyses of the Group’s assets. Deferred tax assets relating to tax losses carried forward are presented as follows: Limit year of use unlimited Total Reportable tax losses Spain 39 560 474 39 560 474 Deferred tax assets Spain 9 890 119 9 890 119 9.2.2.Deferred tax liabilities The detail of deferred tax liabilities at 31 December 2024 and 2023, according to the jurisdiction and temporary differences that generated them, is as follows: 452