NOTES TO THE FINANCIAL STATEMENTS
41. CONTINGENT LIABILITIES
Group |
Company |
|||
2010 £m |
2009 £m |
2010 £m |
2009 £m |
|
Guarantees: |
||||
Borrowing facilities of subsidiary undertakings |
- |
- |
363.8 |
452.4 |
Contractors' claims on capital schemes |
3.0 |
1.3 |
- |
- |
Performance bonds |
104.8 |
96.6 |
104.8 |
96.6 |
Other |
6.9 |
6.9 |
6.9 |
6.9 |
114.7 |
104.8 |
475.5 |
555.9 |
|
Guarantees in respect of performance bonds are entered into in the normal course of business. No liability is expected to arise in respect of the guarantees.
Viridor Waste Management Limited has given a commitment to supply 200,000 tonnes of waste per annum (or pay market price based compensation) to the energy from waste plant of the joint venture in Lakeside Energy from Waste Holdings Limited. The Directors consider that the committed waste volume will be available in the ordinary course of business.
Other contingent liabilities relate to a possible obligation to pay further consideration in respect of a previously acquired business when the outcome of planning applications is known.