iLOQ-vuosikertomus 2019

Note 25

Contingent liabilities

Collaterals and contingent liabilities
EUR thousand 2019 2018
Contingent liabilities
Credit facility 5,000 5,000
Standby letter of credit 1,363 1,332
Lease guarantee 167 146
Corporate credit card 49 89
Total 6,579 6,567
Credit facility of EUR 5,000,000 was used during the financial years 2018-2019.

A standby letter of credit is denominated in foreign currency. The amount of liability in the currency is 1,500,000 US Dollars.

EUR thousand 2019 2018
Collateral given for own commitments 8,300 8,300
Collateral given on behalf of others
Collateral 141,713 13
Guarantee 361 292
Total 150,374 8,605

 

In 2019, collateral granted on behalf of others includes EUR 141,700,000 for a business mortgage related to the financing of the parent company Capnor Weasel Bidco Oy.

Covenants

The Group’s covenant terms are presented in the note 22 Risk Management.

Legal proceedings

The Group has not had any outstanding legal proceedings within the years 2018-2019.