3.3Contingent liabilities
CHF million | 31 March 2026 | 31 March 2025 | ||
Guarantees given in respect of rental obligations of Group companies | 1.1 | 1.7 | ||
Guarantees given in respect of bank loans of Group companies | 64.5 | 0.0 | ||
Guarantees given in respect of insurances of Group companies | 5.0 | 0.0 |
The Swiss Sonova entities form a VAT group and, hence, every company participating in the group is jointly and severally liable for VAT debt of other group participants. Further Sonova Group companies participating in the cash pool are jointly and severally liable for any debit position or outstanding overdraft in connection with them.