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Note 35 - Pledged assets and contingent liabilities

Pledged assets
The Group and the Parent Company had no pledged assets in 2011 or 2010.
Contingent liabilities
Group Parent Company
SEK m 2011 2010 2011 2010
Guarantees 76 71 57 53
FPG/PRI 3 3 2 2
Total contingent liabilities 79 74   59 55

Of the guarantees in the Parent Company, SEK 44 m (2010: SEK 43 m) are pledged to the benefit of group companies. Guarantees in the Parent Company relate primarily to local customs and excise of SEK 12 m (2010: SEK 10 m). Duni has an environmental policy and has implemented control systems which assist Duni in ensuring compliance with environmental legislation. Duni considers the existing operations and production plants to fulfill in all essential respects requirements stipulated in environmental legislation and provisions which extend to Duni. However, Duni cannot guarantee that currently unknown obligations, for example cleanup or restoration of property owned or previously owned by Duni, cannot arise in the future. Through an amalgamated company which is no longer owned by the Group, Duni has become a party to a preliminary investigation concerning suspected soil contamination. Duni has assessed that, as of the balance sheet date, it is not possible to calculate the amount of any possible costs if, and in such case, when, Duni possibly becomes liable to make payment. No significant liabilities are expected to rise as a consequence of any of the above types of contingencies.

 

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