IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 5.2. Loans to subsidiaries On 31 December 2024 and 2023, the balances recognized under this heading refer to loans granted to Ibersol subsidiaries. Loans with repayment periods of more than 1 year bear interest at a rate based on Euribor 12M + 1.25% dec/2024 dec/2023 Acquistion value Acquistion value Ibersol Restauração, S.A. 130 408 996 117 008 996 Iberpret, S.A. 500 000 - Restmon Portugal, Lda 1 276 000 1 276 000 Total 132 184 996 118 284 996 Accumulated impairment losses -1 276 000 -1 276 000 Total loans to subsidiaries 130 908 996 117 008 996 The accumulated impairment losses correspond to all the loans granted to Restmon Portugal, Lda. Movements in loans to subsidiaries During the years ended 31 December 2024 and 2023, the movement in the value of loans to subsidiaries was as follows: Ibersol Restauração, S.A. Iberusa Hotelaria e Restauração, S.A. Restmon Iberpret, S.A. Total 01 January 2023 171 208 996 80 000 0 0 171 288 996 Changes with impact on cash flows: Increases Decreases -54 200 000 -80 000 -54 280 000 Changes with no impact on cash flows: Merge 31 December 2023 117 008 996 0 0 0 117 008 996 Changes with impact on cash flows: Increases 20 500 000 500 000 21 000 000 Decreases -7 100 000 -7 100 000 Changes with no impact on cash flows: Others 31 December 2024 130 408 996 0 0 500 000 130 908 996 495