IBERSOL • 2023 Integrated Management Report

Consolidated Financial Statements Commitments not included in the consolidated statement of financial position include bank guarantees given to third parties and contractual commitments for the acquisition of tangible fixed assets. 10.3. Guarantees At 31 December 2023 and 2022, the liabilities not reflected in the balance sheet by the companies included in the consolidation are comprised mainly of bank guarantees pro- vided on their behalf, as follows: dec/2023 dec/2022 Garantias bancárias 36 986 807 38 674 924 At 31 December 2023 the bank guarantees are detailed, by type of coverage, were as follows: Concessões e rendas Outros contratos fornecimento Direcção Geral de Finanças e Recl. Processos Judiciais Outros Reclamações outros processos judiciais 32 158 379 20 683 231 550 5 152 000 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 27,297,000 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. 10.4. Other commitments At 31 December 2023, the store opening commitments under the expansion contracts are approximately 19 million euros (4.8 million euros at 31 December 2022), note 6.3. 492