Income Statement Group
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NOTE 27
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GUARANTEE COMMITMENTS
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Spesification of other allocations and liabilities
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Amounts in NOK million
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2011
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2010
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Guarantee commitments
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1
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3
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Total other allocations and liabilities
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1
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3
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As of 31 December 2011 guarantee liabilities totalled NOK 1 million. While historic guarantee costs indicate small guarantee claims, the Group has nevertheless chosen to set aside a certain amount in guarantee provisions. Recognised future guarantee liabilities are estimated, but on the basis of previous actual experience.
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