Tiscali 2014 Annual Report Download - page 160

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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
160
Guarantees given and commitments (note 21)
Guarantees given are detailed as follows:
EUR 000
31 December
2014
31 December
2013
Guarantees given to third parties (sureties)
193,850
221,825
Commitments
1,600
1,600
Total
195,450
223,425
Sureties given include EUR 117 million in relation to the guarantee given by the parent company for
the loans granted by financial institutions as part of the restructuring of the Group’s debt carried out
during 2014.
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 59 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..