45) Contingencies and events after the balance sheet date


Contingent liabilities

in €m

31.12.2011

31.12.2010

From guarantees, bills of exchange and cheque guarantees

874

883

From warranty contracts

977

960

From providing collateral for third-party liabilities

35

14

Guarantees include EUR 867m (previous year: EUR 867m) and warranty agreements include EUR 289m (previous year: EUR 296m) in contingent liabilities toward creditors of joint ventures. A total of EUR 1,156m (previous year: EUR 1,157m) relates to joint and several guarantees and warranties. This amount is offset by compensatory claims against the co-debtors for EUR 1,059m (previous year: EUR 1,062m). Insofar as annual financial statements have yet to be published, these figures are preliminary.

Several provisions could not be made because an outflow of resources was not sufficiently probable. The potential financial effect of these provisions on the result would have been EUR 161m (previous year: EUR 210) for subsequent years.

Contracts signed the previous year for the sale of five Canadair Regional Jet 200s yielded total cash inflows of EUR 14m, including profits of EUR 2m, in the financial year 2011.

Contracts signed for the sale of one Boeing B747-400, three Canadair Regional Jet 200s and one Avro RJ 85 are expected to generate cash inflows of EUR 13m in the financial year 2012.

Lufthansa and ver.di sign new wage agreement

On 26 January 2012 the Air Transport Employers’ Federation (ATEF) and the trade union ver.di agreed on a new wage settlement that is to run for 13 months. The agreement provides for a 3.5 per cent pay increase, backdated to 1 January 2012, for ground staff employed in Germany. On an annual basis this represents a pay increase of 3.2 per cent. Other benefits and allowances were also moderately increased. The trade union UFO rejected the agreement, thereby abandoning the collective bargaining partnership it had only just formed with ver.di.

Specific provisions were made for the Catering and MRO segments. At LSG Sky Chefs the main focus is on securing sustainable competitiveness in Germany. The pay increase from this round of collective bargaining is to be used to safeguard jobs and to make a one-off payment of EUR 250 per full-time employee. In exchange, LSG Sky Chefs has confirmed that there will be no redundancies for the duration of the wage agreement. The agreement for the MRO segment outlined the arrangements for introducing and financing performance-related pay and for phasing out the transitional allowance.

Apron controllers’ strike causes flight cancellations

In the course of the collective bargaining dispute between Fraport and the trade union Gewerkschaft der Flugsicherung (GdF), apron staff stopped work for several days from 16 February 2012. Lufthansa was indirectly affected by the strike action and suffered considerable disruptions to flight operations. Thanks to the efforts of Lufthansa and Fraport, most of the flights were able to take place, however.

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