44. Contingent liabilities
€ million |
30/9/2020 |
30/9/2021 |
|---|---|---|
Contingent liabilities from guarantee and warranty contracts |
39 |
32 |
Contingent liabilities from the provision of collateral for third-party liabilities |
10 |
10 |
|
49 |
41 |
Contingent liabilities from guarantee and warranty contracts are primarily rent guarantees with terms of up to 10 years if utilisation is not considered entirely unlikely. The present values of contingent liabilities are essentially the same as the nominal amounts. Some of the contingent liabilities are subject to rights of recourse against third parties up to the nominal amount.