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219
ANNUAL REPORT 2011
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 success of these processes is historically high in Ibersol). No significant
liabilities are expected to arise from the said contingent liabilities.
On 31 December 2011, responsibilities not recorded by the companies and included in the
consolidation consist mainly of bank guarantees given on their behalf, as shown below:
Bank loans with the amount of 485,092
€
(712,096 in 2010) are secured by Ibersol’s land and
buildings assets.
On type of coverage, bank guarantees are as follows:
32. COMMITMENTS
No investments had been signed on the Balance Sheet date which had not taken place yet.
Leases and
rents
Fiscal and legal
proceedings
Other legal
claims
Other supply
contracts
2,014,025
1,071,180
249,620
636,148
Dec/11
Dec/10
Guarantees given
74,091 129,872
Bank guarantees
3,970,973 4,093,880