IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 Movements in 2024 and 2023 under deferred taxes are as follows: dec/2024 dec/2023 01 January 16 383 361 27 972 417 Creation 2 269 999 2 834 921 Correction of previous years' taxes - 5 661 Utilization -3 687 835 -3 343 572 31 December 1 172 443 2 590 279 At 31 December 2023, there are 58,800 euros of tax benefits associated with the capi- tal increase and 1,113,643 euros of undeducted tax benefits to be used in subsequent years: 223,488 euros of CFEI II (89,303 euros deductible up to 2025 and 134,185 euros up to and including 2026), 53,572 euros of IFR (deductible up to and including 2027) and 836,584 euros of RFAI for year 2024. It should be noted that RFAI credits have a reporting period of 10 tax periods, a period which was suspended during the 2020 tax period and during the following tax period, under Law no. 21/2021, of April 21. Analysis of recoverability In analyzing the recoverability of deferred tax assets, the Entity took into account the best estimates of the projections of future taxable profits against which tax losses, tax credits and deductible temporary differences can be used. These estimates reflect conservative scenarios, given the current context of greater uncertainty. No non-re- coverable deferred tax assets were identified. 9. Commitments not included in the statement of financial position Commitments assumed and not included in the statement of financial position include bank guarantees given to third parties and contractual commitments for the acquisition of tangible fixed assets. 511