The ATP Group Annual Report 2012

Management's Review Business Model Risk Pension Hedging and Investment Hedging Investment Administration Social Responsibility The ATP Group Financial StatementsNote 35 Contingent liabilities and collateralGroup ATPDKK million 2012 2011 2012 2011CollateralCollateral in respect of financial derivatives and repo transactions 112,109 139,362 111,954 139,362Investment and loan commitmentsInvestment commitments, equity investments and commitments made byATP Private Equity Partners K/S 12,846 13,520 0 0Investment commitments, real-estate funds 1,295 2,131 128 157Investment commitments, infrastructure funds 2,729 2,986 2,729 2,986Investment commitments, credit funds 3,293 4,884 28 29Investment commitments, biotech companies 728 964 728 964Investment commitments, unlisted equity investments 1,194 1,738 1,194 1,738Loan commitments, credit institutions 10,343 10,000 10,343 10,000Other contingent liabilitiesRental/lease obligations 496 245 482 245Agreements concluded on the supply of IT systems 19 19 19 19Potential deferred tax related to real estate 132 119 0 0ATP has joint VAT registration with a number of subsidiaries. These subsidiaries are jointly and severally liable for the payment of VAT and payrolltax included in the joint registration for VAT.The ATP Group – Annual Report 2012114