In the period from 1999 to 2007, KONGSBERG has sold properties in Kongsberg Industrial Park. The properties have been leased back on long-term leases that will expire between 2014 and 2025. The leaseback agreements are considered operational leasing agreements.

In addition to the rent, KONGSBERG is responsible for certain expenses associated with fees on and maintenance of the properties. The leases have durations ranging from three months to 17 years. With the exception of the properties sold in 2007, the properties are generally leased to external tenants. Provisions attached to this are discussed in Note 28 "Provisions" in the consolidated accounts.

Prepayment and completion guarantees

Consolidated companies have furnished guarantees for prepayments and performance in connection with projects. The guarantees are issued by Norwegian and foreign banks and insurance companies. Kongsberg Gruppen ASA is responsible for all guarantees.

Amounts in MNOK	2007	2006
Prepayments and performance guarantees in respect of customers	960	885

Kongsberg Gruppen ASA has non-committed framework agreements for guarantees with banks and insurance companies.