Local catalog of opendata

Standardised guarantees are guarantees that are issued in large numbers, usually for fairly small amounts, along identical lines. It is not possible to estimate precisely the risk of each loan being in default but it is possible to estimate how many, out of a large number of such loans, will default.

A one-off guarantee is defined as individual, and guarantors are not able to make a reliable estimate of the risk of calls. One-off guarantees are linked to debt instruments (e.g. loans, bonds).

The data do not include: government guarantees issued within the guarantee EFSF, derivative-type guarantees, deposit insurance guarantees, government guarantees issued on events which occurrence is very difficult to cover via commercial insurance (earth quakes, large scale flooding, etc.)

The tables covers guarantees provided only to units classified outside general government are to be reported.

The data are obtained from notes from general financial statements of general government units for the budgetary and semi-budgetary organizations central and local government.

In accordance with EU directive 2011/85 from 8. November 2011 on the collection and dissemination of fiscal data, the Slovak Republic publishes data on liabilities owned by general government. Liabilities are defined as the stock of liabilities at the end of the year as reported in the individual financial statements of public corporations. The public corporations are defined as corporations with the ratio of public ownership of the capital 50 % and more. For the public corporations partially owned by the general government, only the part of liabilities corresponding to the government participation in the capital was taken into account. Public corporations classified in the general government sector were excluded from calculations.

A loan is non-performing when payments of interest or principal are past due by 90 days or more, or interest payments equal to 90 days or more have been capitalized, refinanced, or delayed by agreement, or payments are less than 90 days overdue, but there are other good reasons (such as a debtor filing for bankruptcy) to doubt that payments will be made in full.

Initial contractual capital value in the contract, progressively reduced over time on the basis of estimates or actual data (in order to better reflect the GFCF and debt impact in case government would take over the assets during the life of the contract).

The data are obtained from Ministry of Transport Construction and Regional Development of the Slovak Republic.

The corporations included in this graph are state-owned enterprises (SOEs). SOEs are corporate entities recognized by national law as enterprises, in which state exercises ownership. This includes joint stock companies, limited liability companies and state companies. SOEs classified in the General government sector (S.13) according to ESA 2010 methodology were excluded from the calculations. It means, that only SOEs belonging to Non-financial corporations sector (S.11) and Financial corporations sector (S.12.) are included.
For the purpose of the graph, SOEs were divided into two groups:
A. Public corporations: state ownership share from 50% to 100% and management control.
B. Private corporations: state ownership share from 20% to 49,99%. The minimum threshold of state ownership of 20% was applied in line with accounting consolidation rule and the second reason is that only for companies above 20% state ownership are some specific data systematically compiled