Note 13. Other contingent liabilities

Tax authority have got the right to review to the Group’s tax accounting within 5 years after the term for the submission of tax declaration and when mistakes are detected to impose an additional amount of tax, interests and fines. According to the Group’s Management Board there are no circumstances as a result of which tax authority could impose a significant additional amount of tax to the Group.

The Group’s distributable retained earnings as at 31 December 2014 amounted to 49 138 thousand euros (2013: 49 196 thousand euros). Consequently, the maximum possible tax liability which would become payable if retained earnings were fully distributed is 12 285 thousand euros (2013: 13 077 thousand euros).