72 NOTE 24 – ASSETS PLEDGED Group Parent 2015 2014 2015 2014 Collateral for provisions and liabilities Property mortgages 533 512 - - Total 533 512 - - NOTE 25 – CONTINGENT LIABILITIES Group Parent 2015 2014 2015 2014 Other contingent liabilities 655 526 655 526 Total 655 526 655 526 Contingent liabilities refer primarily to counter-guarantees issued for Group companies’ commitments to financial institutions to cover local borrowings. Over and above the contingent liabilities stated above, guarantees for the completion of various contractual undertakings are sometimes involved as part of the Group’s normal business activities. There was no indication at year-end that any contractual guarantees provided will require any payment to be made. NOTE 26 – RELATED-PARTY TRANSACTIONS For the Parent, SEK 80 million (74), i.e. 100 percent (100) of sales were to Group companies. The Parent’s purchasing from Group companies is related to administrative services of limited scope. All transactions were carried out on commercial terms. Transactions with key management personnel Besides those transactions stated in Note 8 Remuneration of the Board of Directors and Senior Executives and in the description of the Board of Directors on pages 28-29, no transactions with related physical persons have taken place.
AAK Annual Report 2015
To see the actual publication please follow the link above