Note 28 - Contractual obligations, contingent liabilities and collateral

DKKm
	Contractual obligations, contingent liabilities and collateral

		Payment due by period

		< 1 year	1-3 years	3-5 years	More than 5 years	Total

	Operating leases	108	213	187	1,260	1,768
	Other contractual obligations	348	314	0	0	662
		456	527	187	1,260	2,430


	The amounts include the following:
	TrygVesta Forsikring A/S and TrygVesta Forsikring, norwegian branch of TrygVesta Forsikring A/S have signed an operating agreement with CSC for an amount of DKK 558m for a period of 5 years.

	TrygVesta Forsikring A/S has an annual obligation to Danica Pension with respect to the lease of the head office in Ballerup.
	The annual rent and taxes currently amount to DKK 80m. The remaining lease period is 18 years.
	The leasing contract contains the right to completely or partly rent out or completely or partly disposal by providing guarantee.

	TrygVesta Forsikring A/S has signed a portfolio management contract for DKK 60m. The contract expires in 2010.
	TrygVesta Forsikring A/S has signed a car leasing contrakt with NF Fleet for DKK 30m. The contract expires in 2012.

	The Danish companies in TrygVesta group are jointly taxed with Tryg i Danmark smba. Until 2004, the companies were jointly and severally liable for the entire amount. From 2005, the companies are only liable for their own part of the tax amount.

	Most of the Danish companies in TrygVesta group are commonly registered for VAT and payroll tax and are jointly and severally liable for payment of all such direct and indirect taxes.

	In connection with the sale of Chevanstell Limited, TrygVesta Forsikring A/S issued few specific guarantees towards the buyer.
	Management believes that it is unlikely that these guarantees will result in a financial loss for TrygVesta Forsikring A/S.

	Companies of the TrygVesta group are part of some disputes. Management believes that the outcome of these legal proceedings will not affect the Group's financial position beyond those receivables and obligations recognised in the balance sheet.