Tiscali 2013 Annual Report Download - page 155

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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
155
Guarantees given and commitments (note 21)
Guarantees given are detailed as follows:
EUR 000
31 December
2013
31 December
2012
Guarantees given to third parties (sureties)
221,825
231,507
Commitments
1,600
1,400
Total
223,425
232,907
Sureties given include EUR 103 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 2011.
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..