Fennia Annual Report 2014

Note 17. Guarantee and liability commitments

17. Guarantee and liability commitments

 

EUR 1,000

2014

2013

                 
 

Own liabilities

   
                 
   

Liabilities from derivative contracts

   
                 
     

Interest rate derivatives

   
       

Option contracts

   
         

Acquired

   
           

Value of underlying instrument

-

213

           

Current value

-

-134

     

Equity derivatives

   
       

Option contracts

   
         

Acquired

   
           

Value of underlying instrument

399

580

           

Current value

-224

-355

                 
                 
     

Negative valuation differences in non-hedging derivative contracts are charged against the profit

   
                 
   

Securities given as collateral for derivatives trade

1,551

51

                 
   

Leasing and leasehold commitments

7,187

7,189

                 
   

Assets pledged as collateral

-

-

                 
   

Other liabilities

   
     

As regards group registering for VAT, the company is responsible for the value-added tax payable by the group jointly with the other members of the value-added tax liability group of Fennia Mutual Insurance Company.

   
       

Affiliated undertakings

355

415

       

Other undertakings

282

6,760

                 
   

Adjustment liability of real estate investments according to Section 120 of the Value Added Tax Act

44

55

                 
   

Investment commitments

   
     

Commitment to invest in equity funds

20,510

33,088