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8.5. Contingent assets and liabilities

Contingent liability 2016 2015
  Estimated amount
Guarantees and sureties 8,006 7,711
Promissory notes 708 1,435
Other 28 27
Total 8,742 9,173

The increase in contingent liabilities under guarantees and sureties at the end of 2016 followed mainly from the weakening of the Polish złoty against the currencies of denomination of most of the guarantees and sureties (USD, EUR, NOK). The decrease in contingent liabilities under promissory notes was caused by termination of co-financing agreements which had been secured with the promissory notes.

An analysis of the probability of consumption of economic benefits as at the reporting date showed that as at the end of 2016 the PGNiG Group’s contingent assets did not represent a material item.