Note 12. 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 2015 amounted to EUR 50,995 thousand (2014: EUR 49,138 thousand). Consequently, the maximum possible tax liability which would become payable if retained earnings were fully distributed is EUR 12,749 thousand (2014: EUR 12,285 thousand).