Annual Report 2015

33. Pledges, commitments and other liabilities

 

EUR million

2015

2014

Pledges given on own behalf:

   
 

Bank guarantee

6.0

7.5

 

Guarantee

3.9

4.0

 

Pledges

0.9

0.8

Total

10.9

12.2

       

On September 18, 2015, the District Court of Helsinki issued another positive ruling in favor of Posti regarding a dispute concerning the refund of value added taxes. Posti is not deemed liable to compensate value added taxes paid by its customers. Posti’s contract customers filed a claim with the Helsinki District Court for the damage of value added taxes of postal services totaling slightly over EUR 100 million. According to the District Court, including the VAT in the postal services referred to in the case was not contrary to EU law. The plaintiffs consisted of seven largescale financing and insurance institutions. All but one of the plaintiffs have appealed the decision to the Court of Appeal.

       

In accordance with the environmental permit, the Group is subject to environmental liability regarding the cleanup of land of Pohjois-Pasila building lots. The liability amounts to approximately EUR 19.9 million and it will be realized if the construction in the building lots begins.