Contingent liabilities and other financial obligations

At December 31, 2019, the best estimate for potential obligations from contingent liabilities is €1.6 billion (2018: €0.8 billion).

In the context of its ordinary business operations, the Group has also entered into other financial obligations in addition to the liabilities shown in the consolidated statement of financial position at December 31, 2019. These financial obligations result from contractual commitments to acquire intangible assets, property, plant and equipment and leased property, and irrevocable loan commitments.

Detailed information on contingent liabilities and other financial obligations is provided in Note 31 of the Notes to the Consolidated Financial Statements.

Cash flows