The bank guarantees are as follows:
|
|
2023 |
|
2022 |
|---|---|---|---|---|
Guarantees provided to suppliers |
|
53 |
|
46 |
Guarantees for Tax Authorities |
|
270 |
|
235 |
Other State guarantees |
|
6 |
|
3 |
Other guarantees provided |
|
45 |
|
30 |
Total |
|
374 |
|
314 |
The increase in guarantees for Tax Authorities is related with the taxation in CIT processes in Portugal, mentioned in paragraph e) of note 24.
The increase in Other guarantees provided is related with derivative contracts and legal litigation processes.
The Group provided security in the form of sureties, which aimed to suspend the payment of fines imposed by the Competition Authority and which are being challenged before the Competition, Regulation and Supervision Court, as described in note 24.
There are also some financial guarantees granted by the Group, relating to liabilities already reflected in the “Consolidated balance sheet”.