Company 35: Contingent liabilities

Contingent liabilities from loan guarantees given to financial institutions for financial burdens of its subsidiaries in the amount of TEUR 189,162 (2010: TEUR 184,208), to third parties in the amount of TEUR 4,454 (2010: TEUR 1,100), and to the subsidiary Gorenje Beteiligungs in the amount of TEUR 13,000 (2010: TEUR 14,000) are recorded in a separate account. In addition, contingent liabilities from performance bonds and payment guarantees in the amount of TEUR 7,772 (2010: TEUR 7,053) are also recorded in a separate account.

In accordance with the ordinary business practice, the ATAG company is not liable to publish its annual results of operation in the country, where its corporate seat is, if the shareholder, in a special statement, assumes liability to pay any outstanding obligations of the Company. The respective statement shall remain in effect until rescinded by the shareholder.