IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated Financial Statements 31. DIVIDENDS At the General Meeting of 26th May 2017, the company decided to pay a gross dividend of 0,10 euro per share (0,10 euro in 2016), representing a total value of 2.160.010 euro for outstanding shares (1.800.000 euro in 2016), settled on June 23th, 2017. In the year 2016, 3.798.270 euro of dividends were also paid to Pansfood, a minority share- holder of the subsidiary Ibersande. 32. CONTINGENT ASSETS AND LIABILITIES 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 success of these processes is his- torically high in Ibersol). No significant liabilities are expected to arise from the said contingent liabilities. On 31st December 2017, responsibilities not recorded by the companies and included in the consolidation consist mainly of bank guarantees given on their behalf, as shown below: Dec. 2017 Dec. 2016 Bank guarantees 25.753.064 18.424.430 On type of coverage, bank guarantees are as follows: Leases and rents Other supply contracts Fiscal and legal proceedings Other Other legal claims 24.561.786 1.005.941 109.090 67.516 8.731 The relevant amount comes from the guarantees required by the owners of spaces concession (Ana Airports and Aena Airports in Spain) or leased (shopping centers and other places). 274