IBERSOL | Integrated Management Report 2022

Consolidated Financial Statements 11. Commitments not included in the consolidated statement of financial position Commitments undertaken and not included in the consolidated statement of financial position include bank guarantees given to third parties and contractual commitments for the acquisition of fixed tangible assets. 11.1. Guarantees As of 31 December 2022 and 2021, the liabilities not reflected in the balance sheet by the companies included in the consolidation are comprised mainly of bank guarantees provided on their behalf, as follows: Dec/2021 Dec/2022 Bank Guarantees 38 674 924 24 929 721 As at 31 December 2022 the bank guarantees are detailed, by type of coverage, as fol- lows: Concessions and rents Other supply contracts Fiscal and legal proceedings Other Other legal claims 32 158 379 20 683 67 131 6 408 000 20 731 The bank guarantees arise mainly from the concessions and rents of the Group’s stores and commercial spaces, and may be executed in the event of non-compliance with lease contracts, namely for non-payment of rents. The relevant amount derives from the guarantees required by the owners of spaces under concession (ANA Airports and AENA Airports, in Spain) or leased (some malls and other locations) in concessions and rents, of which 27.387.000 euros with AENA Airports. In other guarantees, and following the sale of the Burger King units (note 6.7), the Group provided a bank guarantee of 6.4 M to BK Portugal, S.A., to cover the asset relating to existing receivables at IberKing and unused at the date of the transaction, regarding CFEI II and RFAI, for a period of 5 years with decreasing annual values. 11.2. Other commitments As at 31 December 2022, the Group’s contractual commitments for the acquisition of property, plant and equipment are approximately 4.8 million euros (4.9 million euros at December 31, 2021). 474