[37] Contingent liabilities and other financial commitments
Contingent liabilities
The contingent liabilities include guarantees and indemnities to external parties. In addition, guarantees and indemnities of €2.3 million related to contingent liabilities assumed jointly with another shareholder of a joint venture (2018: €2.3 million). > TABLE 097
in € million |
2019 |
2018 |
|---|---|---|
Guarantees and indemnities |
114.9 |
89.5 |
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 (2018: €1.3 million). > TABLE 098
in € million |
2019 |
2018 |
|---|---|---|
Commitments under long-term licence and support agreements |
121.1 |
99.7 |
Capital expenditure commitments in fixed assets |
66.8 |
59.0 |
Sundry other financial commitments |
1.5 |
1.3 |
Total other financial commitments |
189.4 |
160.0 |