iLOQ-vuosikertomus 2018

Note 25

Contingent liabilities

Collateral and contingent liabilities
EUR thousand 2018 2017
Contingent liabilities
Credit facility 5,000 1,000
Standby letter of credit 1,332 1,267
Lease guarantee 146 148
Corporate credit card 89 32
Total 6,567 2,447
An overdraft facility worth EUR 5,000,000 was used during the 2017 and 2018 financial periods.

The standby letter of credit is denominated in a foreign currency. The amount of liability in foreign currency is USD 1,500,000.

EUR thousand 2018 2017
Collateral pledged on own behalf 8,300 3,800
Collateral pledged on behalf of others
Collateral 13 14
Guarantee 292 331
Total 8,605 4,145

 

Covenants

The Group’s covenants are described in Note 22 Risk management.

Legal action

The Group did not have any relevant legal action pending in 2017 and 2018.

Other lease agreements

The liabilities derived from the Group’s other lease agreements are presented in Note 23 Other lease agreements.