 Download |
|
|
|
| ||
|
€ million |
Dec. 31, 2011 |
Dec. 31, 2010 | ||
|---|---|---|---|---|
|
Liabilities under guarantees |
542 |
225 | ||
|
Liabilities under warranty contracts |
89 |
69 | ||
|
Pledges on company assets as security |
1,449 |
1,681 | ||
|
Other contingent liabilities |
1,997 |
1,033 | ||
|
|
4,077 |
3,008 |
The trust assets and liabilities of the savings and trust entities belonging to the South American subsidiaries not included in the consolidated balance sheet amount to €449 million (previous year (adjusted): €386 million).
In the case of liabilities from guarantees (financial guarantee contracts), the Group is required to make specific payments if the debtors fail to meet their financial obligations.
Liabilities arising from the pledge of company assets as security for third-party liabilities primarily include the pledge of claims under certificates of deposit with Bankhaus Metzler in the amount of €1.4 billion to secure a loan granted to Fleet Investments B.V. by Bankhaus Metzler (please see the information on the basis of consolidation and joint ventures).
