31/12/2014 |
31/12/2013 (restated data) | |||
---|---|---|---|---|
Assets pledged as collateral for liabilities | Liabilities secured by assets | Assets pledged as collateral for liabilities | Liabilities secured by assets | |
Loans | 1 230 | 451 | 837 | 204 |
pledge on property, plant and equipment | 1 210 | 444 | 802 | 181 |
pledge on inventories | - | - | 35 | 23 |
cash in bank pledged as collateral | 20 | 7 | - | - |
Other | 75 | 178 | 60 | 166 |
In 2014 and 2013 position other regarded property, plant and equipment and deposits which are recognized as collateral of trade payables.
As at 31 December 2014 and as at 31 December 2013 property, plant and equipment in the net carrying amount of PLN 10 million and PLN 94 million, respectively, were pledged as collateral for liabilities, which value was zero.
The above mentioned collaterals concern mainly bank loans of the Group entities and can be overtaken by the lender in case of absence of timely repayments of capital and interest. So far, such situation has not occurred and no risk was identified that such situation may occur in the foreseeable future.