Catom Annual Report 2022 EN

11.4. Lease commitments Companies belonging to the group have entered into long-term financial obligations for the lease of business premises, amounting to approximately € 65,2 million, € 6,5 million of which has a lease term of less than 1 year and the remaining amount € 35,1 million with a lease term of more than 5 years. 11.5. Guarantees The company has issued a guarantee for the payment of excise duties amounting to € 500,000. The company is involved in legal action with regard to the amount of the guarantee. The court has ruled that the guarantee amount must be raised to € 1,000,000. However, the company has lodged an appeal against this ruling. Management is confident that the dispute will ultimately be settled in a manner that is acceptable to the company.

In addition, bank guarantees amounting to € 590,500 have been issued in connection with excise duties.

A guarantee of € 12,000 has been issued in connection with lease commitments.

11.6. Investment commitments At year-end 2022 the company had no outstanding investment obligations (year-end 2021: € 170,000). 11.7. Liability for participating interest Subsidiary OK West B.V. participates in a commercial partnership (a Vennootschap onder Firma), Exploitatiemaatschappij Niedorp V.O.F. in Zijdewind (14.30%), for which it is jointly and severally liable.

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