Note 39 Pledged assets, contingent liabilities and contingent assets
|For own liabilities and provisions|
|Real estate mortgages 1)||1,489||1,037|
|Assets with attached lines||1,290||1,576|
|Other pledged assets and guarantees|
|Real estate mortgages 2)||3||3|
1) Pledged assets of which SEK 295 million (–) are recognized as fixed assets and SEK 1,194 million (1,037) as current assets.
2) Pledged assets recognized as fixed assets.
|Shared obligations as partial owners in limited partnerships||34||72||–||–|
|Guarantees and contracting guarantees for Group companies||–||–||9,355||11,020|
|Guarantee liabilities for the benefit of joint arrangements||2,718||2,267||2,718||2,267|
|Obligations to tenant-owner associations under construction||7,750||4,498||7,750||4,498|
|Other guarantees and contingent liabilities||0||138||0||138|
In most of the tenant owner associations Peab develops, Peab AB signs guarantees as security for paid advances and down payments. Those guarantees ensure the tenant-owner’s right to repayment of a down payment if the tenant-owner makes a cancellation because of a substantial rise in fees during the first year after the annual meeting where the final cost of the project is presented. After that the guarantee is noll and void. Those guarantees or equivalent insurance from an external insurer has never been used and Peab does not believe this will happen in the future either. The guarantees are therefore not reported as contingent liabilities.