The bank guarantees are as follows:
|
|
2023 |
|
2022 |
|---|---|---|---|---|
Guarantees for Tax Authorities |
|
46,998 |
|
37,576 |
Financing bank guarantees |
|
344,755 |
|
114,739 |
Other guarantees provided |
|
1,774 |
|
1,726 |
Total |
|
393,527 |
|
154,041 |
The financing bank guarantees respect to financial loans obtained by the subsidiary Jerónimo Martins Colombia, S.A.S.. These guarantees will be released following the guaranteed loans reimbursement.
JMH also guarantees the fulfilment of some financial obligations of Group’s subsidiaries, with this commitment amounting to €394,121 thousand as of 31 December, 2023, relating to liabilities recognized in the Balance Sheet of the respective subsidiaries.