181
ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2012
31. CONTINGENCIES
The group has contingent liabilities regarding bank and other guarantees and other contingencies related with its
business operations (as licensing, advertising fees, food hygiene and safety and employees, and the rate of suc-
cess of these processes is historically high in Ibersol). No significant liabilities are expected to arise from the said
contingent liabilities.
On 31
st
December 2012, responsibilities not recorded by the companies and included in the consolidation consist
mainly of bank guarantees given on their behalf, as shown below:
Dec-12
Dec-11
Guarantees given
119,091
74,091
Bank guarantees
2,513,266
3,970,973
On type of coverage, bank guarantees are as follows:
Leases and rents
Fiscal and legal
proceedings
Other legal
claims
Other supply
contracts
1,496,408
117,288
268,461
631,108
Bank loans with the amount of 45.833 € (485.092 in 2011) are secured by Ibersol’s land and buildings assets.
32. COMMITMENTS
No investments had been signed on the Balance Sheet date which had not taken place yet.
