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24. commitments and contingencies
from 2022 Annual Report
by Depa Group
The above letters of credit and guarantee were issued in the normal course of business.
The Group has no committed capital expenditures for the year (2021: nil).
The security cheques were issued in lieu of bank performance guarantees.
Legal cases
The Group companies are defendants in a number of legal proceedings which arose in the normal course of business. The Group does not expect that the outcome of such proceedings either individually or in the aggregate to have a material effect on the Group’s operations, cash flows or financial position.
25. material partly-owned subsidiaries
Financial information of subsidiaries that have material non-controlling interests is provided below. DSG was considered a material partly-owned subsidiary up to the point of deconsolidation on 19 November 2021, refer to note 30 for further details.
(a) Summarised consolidated statement of comprehensive income of DSG
