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28 Contingent liabilities

The Haniel Group’s contingent liabilities amounted to a total of EUR 536 million (previous year: EUR 517 million). In addition to financial guarantee contracts within the meaning of IAS 39 in the amount of EUR 17 million (previous year: EUR 21 million), they contain other guarantees in the amount of EUR 511 million (previous year: EUR 496 million) and tax-related contingent liabilities in the amount of EUR 8 million (previous year: EUR 0 million). As in the previous year the other guarantees concern the Holding and other companies segment and are related to disposals of companies. Certain provisions were also recognised in connection with these matters. These are recognised under the relevant item.

As in the previous year, no contingent receivables exist as at the reporting date.