Note 32 - Other debt and liabilities

Parent Bank     Group
               
               
2009 2010 2011 Other debt and recognised liabilities (NOK million) 2011 2010 2009
93   - - Pension liabilities (note 33) 7 6 110
10 11   10 Creditors 38 26 33
57 73 113 Drawing debt 113 73 57
39 82   20 Debt from securities 20 82 39
  -   - - Debt available for sale 151 134 94
18 21   40 Deferred tax 55 31 25
141 178 215 Payable tax 244 196 171
199 182 101 Provisions 102 182 200
712 676 913 Accruals 1,213 1,057 969
77 114 130 Other 177 135 145
1,346 1,337   1,544 Total other debt and recognised liabilities   2,122 1,922 1,843
             
      Guarantee commitments (agreed guarantee amounts)      
1,084 1,062 957 Payment guarantees 957   1,062 1,084
755 729 703 Performance guarantees 703   729   755
  - 1,102   1,945 Loan guarantees   1,945   1,102   -
64 87   92 Guarantees for taxes 92   87 64
139 142 160 Other guarantee commitments 160   142   139
71 33 - Garantee vis-a-vis Banks' Guarantee Fund -   33 71
2,114 3,155   3,857 Total guarantee commitments   3,857   3,155 2,114
             
      Other liabilities, not recognised      
7,311 8,837 10,578 Unutilised credits   10,578   8,837 7,311
1,223 1,090 470 Loan approvals (not discounted) 500   1,291 1,418
434 601 664 Unutilised guarantee commitments 664   601   434
105 119 148 Documentary credits 148   119   105
  -   - - Investments in private equity funds 128   168   251
9,074 10,647 11,860 Total other commitments 12,018 11,016 9,520
             
12,566 15,133 17,261 Total commitments 17,996 16,087 13,509
               
               
 Cash Deposit   Securities   Total  Securities pledged  Total   Securities   Cash Deposit 
953 7,900 8,853 Securities pledged in 2011   8,853   7,900 953
- - - Relevant liability 2011 - - -
             
306 9,578 9,884 Securities pledged in 2010   9,884 9,578 306
- - - Relevant liability 2010 - - -
             
- 8,365 8,365 Securities pledged in 2009   8,365 8,365 -
- - - Relevant liability 2009 - - -

Ongoing lawsuits

The Group is involved in legal disputes not considered to be of substantial significance for the Group's financial position. Provision for loss has been made where appropriate.

Operational leases

The Group has an annual liability of about NOK 147 million related to operational leases.

SpareBank 1 Næringskreditt AS

Together with the other owners of SpareBank 1 Næringskreditt, SpareBank 1 SMN has in the second quarter signed an agreement to establish a liquidity facility for SpareBank 1 Næringskreditt. Under this agreement the banks commit to purchasing commercial mortgage bonds limited to the overall value of 12 month maturities at  SpareBank 1 Næringskreditt. Each owner is principally liable for his share of the required amount, subsidiarily for twice the primary liability under the same agreement. The bonds may be deposited with Norges Bank and accordingly entail no significant risk for the Bank.

Financial results

Annual report and notes

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