Note 26 – Pledged assets and contingent liabilities

Pledged assets to credit institutions

Group 2017 2016
Liens on assets 1,141 1,120
Property mortgages 24
Shares in subsidiaries 986 995
2,127 2,139
Parent Company 2017  2016
Promissory notes receivable 316 310
Shares in subsidiaries 856 856
1,172 1,166

Financial assets pledged as collateral

The Parent Company has promissory notes receivable from BE Group Sverige AB and BE Group Oy Ab pledged as collateral for external loan agreements. The carrying amount is equal to the amount reported as pledged collateral. Please see Note 31 Financial risk management with regard to significant terms and conditions of external loan agreements.

Contingent liabilities

Group 2017 2016
Guarantees 26 10
Other items 4 7
30 17
Parent Company 2017  2016
Guarantee obligations for the benefit of subsidiaries 26 52
26 52

The Parent Company provides a joint and several guarantee covering subsidiaries’ payment of receivables to materials suppliers. In addition to these reported commitments, the Parent Company has also provided customary guarantees for subsidiaries’ obligations to pay rent to property owners.