The bank guarantees are as follows:
|
|
2024 |
|
2023 |
|---|---|---|---|---|
Guarantees for Tax Authorities |
|
44,965 |
|
46,998 |
Financing guarantees |
|
374,258 |
|
344,755 |
Other guarantees provided |
|
1,788 |
|
1,774 |
Total |
|
421,011 |
|
393,527 |
The financing 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 €548,178 thousand as of 31 December 2024 (2023: €394,121 thousand), relating to liabilities recognized in the Balance Sheet of the respective subsidiaries.