Financial Statements Contingent liabilities
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As at 31 March 2008, the TUI Group’s contingent liabilities totalled around € 59.5 million (as at 31 December 2007: around € 70.7 million). Contingent liabilities were carried at the level of potential availment as at the balance sheet date. They related, among others, to remaining guarantees and warranties from the former plant engineering and shipbuilding activities, settled in the course of time.