Catom Annual Report 2023 EN

The company has purchase obligations amounting to € 21,923,714, of which € 5,833,714 will be payable within one year.

11.2. Liability of a tax entity The company forms a tax entity for corporate income tax and sales tax with its subsidiaries, the company acquired during the previous year has not yet been added to the tax entity for corporate income tax and sales tax purposes. Under the standard terms, the company and its affiliated subsidiaries are each jointly and severally liable for the tax owed by the combination. 11.3. Credit facilities Together with its group companies, the company has set up a credit facility in connection with a factoring agreement. Each group company is jointly and severally liable for this facility. The financing ceiling for the entire facility amounts to € 120,000,000. Security has been provided for this credit facility in the form of a pledge of receivables, stock, own petrol stations and vehicles. In addition, an acquisition facility of € 50,000,000 applies. 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 € 94.7 million, € 9.4 million which has a lease term of less than 1 year and the balance with a lease term of over is 5 years is € 49.0 million. 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 € 472,500 have been issued in connection with excise duties. A guarantee of € 12,000 has been issued in connection with lease commitments.

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