14 GUARANTEES AND COMMITMENTS

EUR 1,000 31 Dec 2013 31 Dec 2012
Guarantees
On behalf of Group companies 438,185 371,118
On behalf of associates and joint ventures 17,356 17,887
On behalf of consortiums and real estate companies 1,831 13,331

457,371 402,335




In addition, Lemminkäinen Corporation has set one guarantee without maximum amount on behalf of its subsidiary.

Lease liabilities
Payable next year 7,906 7,181
Payable in subsequent years 19,127 21,820

27,034 29,001

Derivative contracts
Forward foreign exchange contracts

Nominal value 113,435 110,470

Fair value 852 -372

Interest rate swap contracts

Nominal value 45,751 57,174

Fair value 41 -1,023