Contingent liabilities and commitments

Unless they are to be shown under liabilities, the following are to be reported at the foot of the balance sheet: liabilities arising from the issue and transfer of bills of exchange; liabilities arising from sureties, bill guarantees and cheque guarantees; and liabilities arising from warranty agreements, as well as contingent liabilities and commitments arising from the provision of collateral for third-party liabilities; they may be stated in one single amount. Contingent liabilities and commitments are to be stated also in those cases in which they are counterbalanced by equivalent claims under a right of recourse.