Financial Statements Contingent Liabilities
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Financial Statements
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As at 30 June 2008, the TUI Group’s contingent liabilities totalled around € 76.2 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 mainly related to the assumption of liabilities for interests held in hotel companies in framework of the reorganisation of credits to fund projects.