IBERSOL | Integrated Management Report - 2024

Individual Financial Statements b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority on either: (i) the same taxable entity; or (ii) different taxable entities that intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered. Judgments and estimates Measurement and recognition of deferred tax assets Deferred tax assets are recognized only when it is probable that there will be sufficient taxable profits or taxable temporary differences related to the same tax authority to use those deferred tax assets. At the end of each year, a review is carried out of the deferred tax assets recorded, as well as those not recognized, which are reduced whenever it is no longer probable that they will be used in the future or recorded, provided that, and to the extent that, it becomes probable that future taxable profits will be generated/ reversal of taxable temporary differences that will allow them to be recovered. Methods and premises At the end of each year, a review is carried out of the deferred taxes recorded, as well as those not recognized, which are reduced whenever it is no longer probable that they will be used in the future or recorded, provided that, and to the extent that, it becomes probable that future taxable profits will be generated/reversal of taxable temporary differences that will allow them to be recovered. When analyzing the recoverability of deferred tax assets, the company took into account the best estimates of future taxable profit projections and the existence of taxable temporary differences against which tax losses, tax credits and deductible temporary differences could be used. 8.1.Current tax recognized in the income statement Income taxes recognized in the years ended 31 December 2024 and 2023 are detailed as follows: dec/24 dec/23 Current tax 1 737 176 1 875 799 Deferred tax -106 917 -5 662 1 630 258 1 870 138 508