Other current liabilities
Owing to subsidiaries
Guarantee obligations on behalf of affiliated companies and third parties amounted to €380 million (31 December 2015: €190 million). Koninklijke DSM N.V. has declared in writing that it accepts several liabilities for debts arising from acts in law of a number of consolidated companies (including relating to the fiscal unity for income tax and VAT). These debts are included in the consolidated balance sheet.