7 Contingent liabilities and financial commitments
British American Tobacco p.l.c. has guaranteed borrowings by subsidiary undertakings of £9.3 billion (2009: £10.1 billion) and total borrowing facilities of £16.3 billion (2009: £17.1 billion).
There are contingent liabilities in respect of litigation in various countries (note 30 to the Group financial statements). In addition, the Company has cross-guaranteed the liabilities of the British American Tobacco UK Pension Fund which had a deficit according to the last formal tri-annual actuarial valuation in March 2008 of £537 million and which had a deficit on a FRS 17 basis at 31 December 2010 of £221 million (2009: £604 million).