IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements Additionally, in 2024, the Group has a discrepancy with the Regional Tax Authority of Madeira which has an associated contingency of 568 thousand euros, which confers the nature of a contingent liability. 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 2024 and 2023, 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/2024 dec/2023 Bank Guarantees 36 023 942 36 986 807 On 31 December 2024 the bank guarantees are detailed, by type of coverage, were as follows: Concessions and rents Other supply contracts Fiscal and legal proceedings Other Other legal claims 31 979 150 20 683 30 118 3 947 635 46 357 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 27,784,000 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 On 31 December 2024, store opening commitments under expansion and concession agreements amount to approximately €17 million (€19 million as of 31 December 2023), note 6.4. 456