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(38) Contingencies

Contingencies are potential liabilities not shown on the balance sheet which are disclosed in the amount of their utilization on the reporting date. Their total amounts to € 59.3 million (previous year € 80.5 million).

The contingencies include guaranties of € 41.2 million (2004: € 64.7 million) and bill commitments totaling € 1.0 million (2004: € 2.5 million).

Neither Salzgitter AG nor any of its Group companies is engaged in current or foreseeable legal or arbitration proceedings that might have a significant effect on their commercial situation. Moreover, adequate provisions have been made at the respective Group companies to cover potential financial burdens arising from legal proceedings or arbitration.

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Salzgitter AG Group Management Report Consolidated Annual Financial Statements/Notes Consolidated Income Statement Consolidated Balance Sheet Statement of Income and Accumulated Earnings Cash Flow Statement Notes Statement of Changes in Equity Segment Reporting Consolidated Fixed Assets Substantial Shareholdings of Salzgitter AG Accounting Principles Consolidation Principles and Methods Consolidated Group Currency Translation Accounting and Valuation Principles Notes to the Income Statement Notes to the Consolidated Balance Sheet Contingencies Other Financial Obligations Financial Instruments Notes to the Cash Flow Statement Notes on Segment Reporting Related Party Disclosures Fees for the Auditor of the Consolidated Financial Statements Significant Events occurring after the Reporting Date Waiver of Disclosure in Accordance with Section 264, Para. 3 or Section 264b, German Commercial Code (HGB) Supervisory Board and Executive Board Independent Auditor's Report Further Information	Home > Consolidated Annual Financial Statements/Notes > Notes > Contingencies (38) Contingencies Contingencies are potential liabilities not shown on the balance sheet which are disclosed in the amount of their utilization on the reporting date. Their total amounts to € 59.3 million (previous year € 80.5 million). The contingencies include guaranties of € 41.2 million (2004: € 64.7 million) and bill commitments totaling € 1.0 million (2004: € 2.5 million). Neither Salzgitter AG nor any of its Group companies is engaged in current or foreseeable legal or arbitration proceedings that might have a significant effect on their commercial situation. Moreover, adequate provisions have been made at the respective Group companies to cover potential financial burdens arising from legal proceedings or arbitration.	deutsch \| Suche Show print manager Add page print page PDF download Order print version www.salzgitter-ag.de
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