IBERSOL | Integrated Management Report | 2025

C. Glossary a) Associate: means an entity, including entities without legal personality such as partnerships, over which the person in question has significant influence, and which is neither a Subsidiary nor a joint venture; b) Intimate Family Member : in relation to an individual, it refers to family members who are expected to influence, or be influenced by, that individual in their dealings with the Society, which may include: i. The spouse or person with a similar affective relationship and the individual’s children; ii. Children of the spouse or similar person with an affectionate relationship; and iii. Dependents of the individual, spouse, or person with a similar affective relationship. c) Control : has the meaning determined by IFRS 10 - in general terms, one entity controls another when it has power over that entity that gives it the ability to manage the activities to which it is exposed, or when it has rights in relation to variable results through its relationship with that entity and has the capacity to affect those results through the power it exercises over the investee. d) Joint Control : is the sharing of control, contractually agreed, of an economic activity that exists only when strategic decisions related to the activity require the unanimous consent of the parties that share control; e) Significant Influence : it is the power to participate in the decisions of the financial and operational policies of a specific entity, but which does not confer control over those policies. Significant influence can be obtained through ownership of shares, by-laws, or agreement. INTEGRATED MANAGEMENT REPORT 2025 361