AAK Annual Report 2020

AAK Annual Report 2020 106 Group Parent 2020 2019 2020 2019 Collateral for provisions and liabilities Property mortgages 585 598 - - Other assets 1 1 - - Total 586 599 - - Group Parent 2020 2019 2020 2019 Other contingent liabilities 2,040 2,127 2,926 2,127 Total 2,040 2,127 2,926 2,127 For the Parent, SEK 134 million (159), i.e. 100 percent (100) of sales were to Group companies. The Parent’s purchasing from Group companies is related to administrative services of limited scope. All transactions were carried out on commercial terms. As at December 31, 2020, the Parent had intragroup receivables of SEK 329 million (409) and intragroup liabilities of SEK 6 million (12). Transactions with key management personnel Besides those transactions stated in Note 8 Remuneration of the Board of Directors and senior executives, and in the description of the Board of Directors on pages 48–49, no trans- actions with related physical persons have taken place. Contingent liabilities refer primarily to counter-guarantees issued for Group companies’ commitments to financial institutions to cover local borrowings. Over and above the contingent liabilities stated above, guarantees for the completion of various contractual undertakings are sometimes involved as part of the Group’s normal business activities. There was no indication at year-end that any contractual guarantees provided will require any payment to be made. Note 24 | Assets pledged Note 25 | Contingent liabilities Note 26 | Related-party transactions