IBERSOL | Integrated Management Report - 2024

Individual Financial Statements Other operating expenses 2024 2023 Direct/indirect taxes not affecting the operating activity 61 788 50 782 Taxes 2 448 2 200 Bank services 58 602 29 545 Other operating expenses 4 811 - 127 648 82 528 Other operating income Gains from increase in fair value (swap) - - Supplementary income 430 19 678 430 19 678 Other operating income / (expenses) -127 218 -62 849 4. Working Capital 4.1. Accounts receivable Accounting policies Assets measured at amortised cost A financial asset is measured at amortized cost if the objective inherent to the busi- ness model is achieved by collecting the related contractual cash flows and if the underlying contractual cash flows represent only payments of principal and interest. Assets in this category are initially recognized at fair value and subsequently meas- ured at amortized cost. Loans and receivables are generally held for the purpose of collecting contractual cash flows and it is expected that the underlying contractual cash flows represent only pay- ments of principal and interest and therefore meet the requirements for measurement at amortized cost under IFRS 9. Recognition and derecognition Acquisitions and disposals of financial assets are recognized on the trade date, i.e. the date on which Ibersol commits to acquire or dispose of those financial assets. 486