The existing contingent liabilities at BLG LOGISTICS in favor of companies accounted for using the equity method are presented below.
EUR thousand |
|
2023 |
|
2022 |
|---|---|---|---|---|
Total share of contingent liabilities |
|
|
|
|
of associates |
|
29 |
|
29 |
of joint ventures |
|
0 |
|
25,354 |
Total |
|
29 |
|
25,383 |
Contingent liabilities are measured at their nominal amounts. Maximum guarantees are recognized at their maximum amount. Based on the relationships at the end of the reporting period, the actual contingent liabilities totaled EUR 29 thousand (previous year: EUR 48 thousand) on the basis of the underlying liabilities. The contingent liabilities in the previous year primarily related to the securing of credit facilities and in the reporting year to customs guarantees.
Taking into account the knowledge gained up to the time of preparing these financial statements, it can currently be assumed that all obligations underlying the contingent liabilities can be met by the respective principal debtors. The risk of a claim is considered low.