[37] Contingent liabilities and other financial commitments

Contingent liabilities

The contingent liabilities include guarantees to external parties. In addition, guarantees of €2.3 million related to contingent liabilities assumed jointly with another shareholder of a joint venture (31 December 2017: €1.6 million). > TABLE 104

Contingent liabilities

104

in € million

2018

2017

Liabilities on guarantees

89.5

48.2

Litigation

The legal risks arising from the KION Group’s business are typical of those faced by any company operating in this sector. The Group companies are a party in a number of pending lawsuits in various countries. The individual companies cannot assume with any degree of certainty that they will win any of the lawsuits or that the existing risk provision in the form of insurance or provisions will be sufficient in each individual case. However, the KION Group believes it is unlikely that these ongoing lawsuits will require funds to be utilised that exceed the provisions recognised.

Other financial commitments

Sundry other financial commitments included future payment obligations to an associate amounting to €1.3 million (31 December 2017: €1.3 million). > TABLE 105

Other financial commitments

105

in € million

2018

2017*

*

Other financial commitments for 2017 were restated due to the initial application of IFRS 15 and IFRS 16

Commitments under licence and support agreements

99.7

56.1

Capital expenditure commitments in property, plant and equipment

59.0

51.6

Other financial commitments

1.3

1.3

Total other financial commitments

160.0

109.0