Note 26 Pledged assets and contingent liabilities

Note 26 Pledged assets and contingent liabilities

SEKm Dec 31, 2013 Dec 31, 2012
Assets pledged for own liabilities

Real estate mortgages 1) 1,196 1,153
Assets pledged as security 2) 31 20
Total 1,227 1,173
Contingent liabilities

Guarantee commitments, PRI 97 89
Other guarantees 144 31
Total 241 120

1) Security for portion of Long-term interest-bearing liabilities..

2) Security for portion of Long-term receivables.

Disputes

PostNord operates extensive national and international businesses and is involved in disputes and lawsuits from time to time arising from its business operations. Except to the extent stated below, it is not anticipated that these disputes and lawsuits, either individually or collectively, will have a materially adverse effect on PostNord’s earnings, profitability or financial position.

Dispute regarding Posten’s licensing requirements

On September 27, 2013 the Administrative Court in Sweden issued a ruling on the 2012 Licensing Requirements, upholding the Post and Telecom Agency’s (PTS) extremely stringent transparency requirements which may harm Posten’s competitiveness. Posten appealed the ruling to the Administrative Court of Appeals. On September 11, PTS issued new licensing requirements effective October 1, 2013 through September 30, 2015. The transparency requirements in the new version are less stringent than the 2011 requirements, but PTS reserves the right to amend the requirements following final judicial review of the 2012 version.