Note 26 – Pledged assets and contingent liabilities
Pledged assets to credit institutions
|Liens on assets||1,141||1,120|
|Shares in subsidiaries||986||995|
|Promissory notes receivable||316||310|
|Shares in subsidiaries||856||856|
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.
|Guarantee obligations for the benefit of subsidiaries||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.