Contingent Liabilities.
Obligations of €46k (2014/2015: €46k) arising from guarantees are existing at the balance sheet date.
Contingent liabilities amounted to €17,804k (2014/2015: €0k) and reflect potential tax risks.
In addition, Wincor Nixdorf guarantees for customer funds which have been at its premises as of September 30, 2016. At the beginning of the following fiscal year, the customer funds have been paid in to the customers’ bank accounts or used for the filling of ATM cassettes of various banks. Any related claims are not expected as a regular reconciliation with the customers is performed. Moreover, in order to cover the risks of possible loss of customer funds, external insurances have been procured.