IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements 2 Recoverability of non-current assets - property, plant and equipment (160,526,797 euros), assets under right-of-use (264,790,755 euros), goodwill (58,587,677 euros) and intangible assets (40,927,365 euros) See notes 6.1, 6.2, 6.3, 6.4 and 6.5 to the consolidated financial statements The Risk Our response to the identified risk The recoverability of non-current assets is a key audit matter due to the materiality of the amounts involved and the complexity and subjectivity associated with impairment tests, namely due to the uncertainty inherent in financial projections, which are based on the expectations of the Board of Directors. These projections are materialized in valuation models based on business plans, which are underpinned by various assumptions that are not observable in the market, associated with discount rates, expected margins, short- and long-term growth rates, investment plans, and market behaviour, among others. Our audit procedures included, amongst others, those that we describe below:  We have inquired the Board of Directors about the basis of their estimates and judgements and challenged the assumptions made;  We have evaluated the design and implementation of the main controls implemented by the Group in this area and analysed the budgeting procedures on which the projections are based, by comparing past performance with estimates made in previous periods and by reference to macroeconomic and sectoral information and projections produced by independent external bodies;  We have reviewed the assumptions used, such as inflation, passenger traffic trends at airports, projected economic growth and discount rates, and assessed their reasonableness and consistency, where applicable, for the various assets in the different locations and segments, and have also assessed the impacts of alternative scenarios;  We have tested the integrity and mathematical accuracy of the discounted cash flow model;  We have carried out sensitivity analyses to changes in the relevant assumptions used;  We have involved our valuation specialists in order to assess the discounted cash flow model and the average cost of capital rate considered in the valuations made by the Group; and  We have assessed the adequacy of the respective disclosures to the financial statements, in accordance with the applicable accounting framework. 462