Nota 27 Contingent liabilities, contingent assets and guarantees
Contingent assets
| As at 31.12.2015 |
As at 31.12.2014 |
|
|---|---|---|
| Contingent assets | 22 149 | 32 414 |
Contingent liabilities, sureties and guarantees
| As at 31.12.2015 |
As at 31.12.2014 |
|
|---|---|---|
| Sureties | – | 6 278 |
| Guarantees | 987 | 1 727 |
| Other | 26 381 | 31 327 |
| 27 368 | 39 332 |
As at 31 December 2015, contingent assets relate mainly to a claim to Ciech S.A. to pay PLN 18 864 thousand for violating by Ciech S.A. the provision of GZNF “Fosfory” S.A. (subsidiary of Grupa Azoty PUŁAWY) shares purchase agreement. On 30 October 2012, Grupa Azoty PUŁAWY submitted a claim to the District Court in Warsaw. The court case is in progress.
Other contingent liabilities as at 31 December 2015 concern mainly a claim submitted by Ciech S.A. on 12 February 2013 to the District Court in Gdańsk to adjudge from GZNF “Fosfory” Sp. z o.o. PLN 18 864 thousand, penalty interest calculated since the claim submission date to the payment date and legal costs, including legal representation, to compensate Ciech S.A. for the loss resulting from the false statements concerning the legal and financial position of the defendant and its subsidiaries. The estimated amount of liability as at the reporting date amounts to 24 999 thousand. The court case is in progress.
