Notes to the Accounts

27. Contingent liabilities

There are contingent Group and Company liabilities in respect of indemnities, warranties and guarantees in relation to former subsidiary undertakings and in respect of guarantees in relation to subsidiary and associated undertakings. In addition there are contingent liabilities of the Group in respect of legal claims and general partnership interests (see note 11). None of these claims is expected to result in a material gain or loss to the Group.