Annual Report 2019

42 Annual Report 2019 3.14 Assets pledged or assigned to secure own liabilities In connection with the expansion of the transportation system, Transitgas AG entered into a financing agreement with a bank syndicate in 2011 and replaced it by a refinancing agreement in February 2017. As security for this refinancing agreement, Transitgas AG assigned all receivables from the lease agreement and insurance claims. As of December 31 the pledged assets amount to: 31/12/2019 31/12/2018 Trade receivables due from shareholders 7’973’893 7’801’315 Total 7’973’893 7’801’315 3.15 Shareholder rights and options No shareholder rights and options were held by manangement or administrative bodies and by employees as at December 31, 2019 and 2018. 3.16 Extraordinary events occured during the financial year No extraordinary events occured during the financial year. 3.17 Significant events occurring after the balance sheet date No significant events occurred after the balance sheet date. 3.18 Fees for audit services 2019 2018 Audit services 43’000 45’750 Other audit related services 2’250 10’530 Total 45’250 56’280