| [ XLS ] |
€ million |
Dec. 31, |
thereof |
Dec. 31, |
thereof |
Bills endorsed and in circulation |
0.1 |
– |
0.1 |
– |
Guarantees |
57.4 |
– |
37.1 |
2.4 |
Warranties |
0.7 |
– |
0.1 |
– |
Other contingent liabilities |
34.1 |
– |
16.6 |
– |
Most of the guarantees exist in connection with our Serono business in Italy, where pursuant to tax legislation, guarantees for reimbursements of tax receivables from the Italian fiscal authorities exist. Other contingent liabilities include, among other things, collateral security given on property, plant and equipment, for example buildings. The increase over the previous year is mainly the result of the consolidation of the companies of the former Serono Group.
