Catom Annual Report 2019 EN

10.4. Lease commitments Companies belonging to the group have entered into long-term financial obligations for the lease of business premises, amounting to approximately ( € 12 million, € 2.710.701 of which on a term of less than 1 year). These lease commitments have varying terms; the maximum term is 14 years. 10.5. 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, a guarantee amounting to € 38,653 has been issued in connection with lease commitments. 10.6. Investment commitments At year-end 2019 the company had investment obligations relating to the purchase of vehicles, amounting to € 2.2 million. 10.7. 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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