54
The detail of the amounts paid and payable at 31 December 2012 is as follows (in thousands
of euros):
Weighted average period of late payment was calculated as the quotient whose numerator is
the result of multiplying the payments made to suppliers outside the maximum payment
period by the number of days of late payment and whose denominator is the total amount of
the paymentsmade in the year outside themaximum payment period.
17.Other guarantee commitments to thirdparties and contingent assets and liabilities
a)
Guarantee commitments to thirdparties
The detail of the guarantees provided by the Group to banks for third- and related parties is as
follows:
Thousands of euros
2013
2012
Group companies and associates
5,466
6,465
Other guarantees
13,868
868
14,009
Total
19,334
20,474
The Parent’s directors consider that any liabilities not foreseen at 31 December 2013 that
might arise from the guarantees providedwould not bematerial.
b)
Contingent liabilities
At 31 December 2013, certain civil, labour, criminal and administrative lawsuits had been filed
against the Group companies, which were taken into account in estimating potential
contingent liabilities. Noteworthy, in view of their amount, were the lawsuits with certain
collection societies.
The directors of the Parent and its legal advisers do not expect any material liabilities
additional to those already recorded to arise from the outcome of the lawsuits in progress.
c)
Litigation
In 2013 there were no significant changes in lawsuits and no new litigation proceedings
deemed significant were brought against the Group, except as indicated in Note 1 in respect of
the decision of the Supreme Court.
Amount
%
Within themaximum payment period
426,283
84%
Remainder
78,232
16%
Total paymentsmade in2012
504,515
Weighted average period of late payment (in days)
50
Payments at year-end not made in themaximum payment period
18,838
