Notes – parent company Note DKK ’000 37 Contractual obligations and contingent liabilities etc. Contingent liabilities Security pledged for subsidiaries’ bank debt and trade payables The company is taxed jointly with other Danish consolidated enterprises. As a Group company, the company holds unlimited joint and several liability with other Group companies for Danish income tax and withholding taxes on dividends, interest and royalties within the joint-taxation group. The jointly taxed companies’ total known net liability to the Danish tax authorities is stated in the financial state- ments of the administration company, MEDF Holding A/S, CVR no. 36 93 76 61. Any subsequent adjustments to the jointly taxed income and withholding taxes etc. might result in the company being liable for a larger amount. Operating leases, passenger vehicles Future lease commitments: 0-1 year 1-5 years > 5 years Lease payments recognised in the income statement 2020/21 2019/20 86,268 86,996 1,430 1,487 0 2,917 2,009 1,018 1,616 0 2,634 1,297 38 Pledges and guarantees The following assets have been pledged as security for credit institutions: Land and buildings for a carrying amount of Debt to credit institutions for which security has been pledged 168,918 -153,202 172,973 -160,955 54 NOTES – PARENT COMPANY
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