Tiscali 2012 Annual Report Download - page 147

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42
Guarantees given and commitments (note 22)
Guarantees given are detailed as follows:
EUR 000
31 December
2012
31 December
2011
Guarantees given to third parties (sureties) 231,507 235,698
Commitments 1,400 2,500
Total 232,907 238,198
Sureties given include EUR 110 million in relation to the guarantee given by the parent company for the
loans granted by Banca Intesa San Paolo and JP Morgan as part of the restructuring of the Group’s
debt carried out during the previous year.
The same item includes the surety given by Tiscali S.p.A. to guarantee the amount of the loan
associated with the sale & lease back transaction on the Sa Illetta property, totalling EUR 95 million,
carried out by the subsidiary Tiscali Italia S.p.A.
The entire balance of the item commitments concerns the maintenance of the credit facilities granted to
the subsidiary Tiscali Italia S.p.A..