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Part 3 - Financial statements
107
39. GUARANTEES ON THE GROUP’S ASSETS
The following table shows the Group’s assets which
have guarantees attached.
The guaranteed financial assets are principally restricted
bank accounts located in Korea and current assets in India.
Guaranteed property, plant and equipments are mainly
lands and buildings in Korea and in India, as well as
equipment necessary for the building of cooling towers in
India. Guarantees on inventories are also located in India.
Those guarantees are granted consecutively to the
installation of credit agreements and bank guarantees
with Indian and Korean banks, so outside the bank pool
(see note 34), without any guarantee from the mother
company of Hamon Group.
in EUR ‘000’ 31/12/2012 31/12/2011 31/12/2010
Inventories 924 603 310
Property, plant & equipment 9 408 8 489 7 753
Financial Assets 25 087 24 922 15 378
Total 35 420 34 014 23 441
As a reminder, the new syndicated credit facility signed
on 4 July 2011 is not associated with any guarantee
granted to the members of the bank syndicate (see
note 34).