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Assets pledged as collateral and guarantees
Information on pledged assets shows which Group assets will be available to pledgees in a bankruptcy or liquidation situation.
The Group's loan contracts, i.e. the bond loan agreements and the agreement for syndicated overdraft facilities, are based on negative pledges. The Group has furnished no assets as collateral for loans.
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 | 31 Dec 07 | 31 Dec 06 |
| Prepayments and performance guarantees for customers | 960 | 885 |
Kongsberg Gruppen ASA has non-committed framework agreements for guarantees with banks and insurance companies.
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