Investor Presentaiton
102
A.P. Moller-Maersk Annual Report 2020
Financials
Consolidated financial statements
Notes index
Amounts in USD million
=
Note 18 Commitments - continuing operations - continued
Table 18.3
Newbuilding programme at 31 December 2020
Tugboats
Total
Table 18.4
2021
Total
6
6
6
6
Capital commitments relating to the newbuilding programme at 31 December 2020
Tugboats
Total
2021
Total
18
18
18
18
Note 19 Contingent liabilities
Except for customary agreements within the Group's
activities, no material agreements have been entered into
that will take effect, change or expire upon changes of
the control over the company.
Custom bonds of USD 503m (USD 484m) have been pro-
vided to various port authorities in India.
Maersk Line and APM Terminals have entered into certain
agreements with terminals and port authorities, etc., con-
taining volume commitments including an extra payment
in case minimum volumes are not met.
The Group is involved in a number of legal cases, tax and
other disputes. Some of these involve significant amounts
and are subject to considerable uncertainty. Management
continuously assess the risks associated with the cases
and disputes, and their likely outcome. It is the opinion
of Management that, apart from items recognised in the
financial statements, the outcome of these cases and
disputes are not probable or cannot be reliably estimated
in the term of amount or timing. The Group does not ex-
pect these to have a material impact on the Consolidated
financial statements.
Tax may crystallise on repatriation of dividends. Through
participation in a joint taxation scheme with A.P. Møller
Holding A/S, the Danish companies are jointly and sever-
ally liable for taxes payable, etc., in Denmark.
As part of the divestment of Mærsk Olie & Gas A/S
(MOGAS) to Total S.A. in 2018, A.P. Møller-Mærsk A/S has
assumed a secondary liability related to the decommis-
sioning of the offshore facilities in Denmark by issuance
of a declaration. A.P. Møller-Mærsk A/S assesses the risk
of economic outflows because of this secondary liability
as very remote.View entire presentation