IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 3 Measurement of rights of use (264,790,755 euros) and lease liabilities (289,485,997 euros) See notes 6.5 and 8.3 to the consolidated financial statements The Risk Our response to the identified risk The measurement of right of use assets and lease liabilities, namely in relation to new leases and lease modifications, involves significant amounts, given the Group’s large number of leases, and requires management judgement regarding lease terms and discount rates. It was therefore considered a key audit matter. Our audit procedures included, amongst others, those that we describe below:  We have assessed the design and implementation of the main controls implemented by the Group in this area and the adequacy of the accounting policies adopted, considering the requirements set out in the standard;  We have tested the completeness of the lease contracts;  We have analysed a sample of new Lease contracts to validate the contractual clauses that support the recognition of the respective right of use and lease liabilities;  We have analysed the passenger traffic data at airports in Spain where the Group operates as a lessee under lease agreements and the respective accounting impacts, considering the requirements of the accounting standard and applicable legislation and contractual clauses;  We have assessed estimates and judgements made for new leases and lease modifications, namely regarding lease term and discount rate;  We have validated the changes in the right of use assets and lease liabilities captions; and  We have assessed the adequacy of the respective disclosures to the financial statements, in accordance with the applicable accounting framework. 463