IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 < 1 year from 1 to 5 years > 5 years Borrowings 9 832 442 - Other non-current liabilities Accounts payable to suppliers and ac- crued costs 39 248 Other current liabilities 2 317 Total 9 874 007 0 0 6.4. Capital risk Ibersol seeks to maintain a level of equity appropriate to the characteristics of the main business (cash sales and credit from suppliers) and to ensure continuity and expansion. The balance of the capital structure is monitored based on the financial leverage ratio (defined as: net interest-bearing debt / (net interest-bearing debt + equity)) with the aim of placing it below 35%. Exceptionally, due to the effect of the sale of Burger King, on 31 December 2024 and 2023, the financial leverage ratio was -149% and -133%, respectively, as shown in the table below: dec/2024 dec/ 2023 Borrowings obtained 9 832 442 16 383 361 Loans granted to subsidiaries -130 908 996 -117 008 996 Cash and bank deposits -56 962 159 -63 180 587 Net debt -178 038 713 -163 806 223 Equity 297 593 057 286 535 110 Total equity 119 554 343 122 728 887 Financial gearing ratio -149% -133% 499