IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements 10. Other Provisions and Contingencies 10.1. Other provisions Accounting policies Other provisions are recognized when, and only when, the Group has a present obliga- tion (legal or constructive) resulting from a past event, whenever it is probable that an outflow of resources will be required to settle the obligation and the amount of the obligation can be reasonably estimated. Other provisions are reviewed on the date of each statement of financial position and are adjusted to reflect the best estimate of its fair value at that date. When identifying onerous contracts, the group considers whether the unavoidable costs of complying with the contract exceed the economic benefits expected under such contract. In the event of any onerous contract being identified, a provision is rec- ognized for the difference between unavoidable costs and expected benefits of the contract. At 31 December 2024 and 2023, the detail of other provisions is as follows: dec/2023 Increases Reclassifications Decreases dec/2024 Onerous contracts 1 560 000 - -1 310 000 -250 000 - Compensation - - - - - Others 982 118 3 998 - -530 611 455 505 Other Provisions 2 542 118 3 998 -1 310 000 -780 611 455 505 The provision for onerous contracts relating to the activity at Gran Canaria airport was partially reversed during the year by approximately 250,000 euros and the remaining amount was reclassified to impairment of Assets under Right of Use (see note 6.5). The provisions to cover other potential liabilities arising from litigation/claims were reduced during the year by approximately 530,000 euros, due to the reassessment of their outcome risk. 454