Note 28 – Pledged assets and contingent liabilities
Pledged assets to credit institutions
| Group | Koncern | 2024 | 2023 |
| Liens on assets | Företagsinteckningar | 1,328 | 1,299 |
| Total | Totalt | 1,328 | 1,299 |
| Parent Company | Moderbolag | 2024 | 2023 |
| Promissory notes receivable | Reversfordran | 353 | 345 |
| Total | Totalt | 353 | 345 |
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 33 Financial risk management with regard to significant terms and conditions of external loan agreements.
Contingent liabilities
| Group | Koncern | 2024 | 2023 |
| Other guarantees | Övriga garantier | – | – |
| Future committments 1) | Framtida åtaganden 1) | 1,400 | 1,400 |
| Total | Totalt | 1,400 | 1,400 |
| Parent Company | Moderbolag | 2024 | 2023 |
| Guarantee obligations for the benefit of subsidiaries | Borgensförbindelser till förmån för dotterbolag | – | – |
| Future committments 1) | Framtida åtaganden 1) | 1,400 | 1,400 |
| Total | Totalt | 1,400 | 1,400 |
1) Refers to committments according to agreement with Stegra (former H2 Green Steel) regarding cooperation and distribution of fossil-free steel at the Nordic market. The committment towards Stegra expects approved deliveries within certain stipulated times.
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. Please see Note 16 for further information about lease agreements.