16 Guarantees and commitments

EUR million 31 Dec 2015 31 Dec 2014
Guarantees

On behalf of Group companies 293.2 407.7
On behalf of associates and joint ventures 12.4 14.4
On behalf of consortiums and real estate companies 12.0 1.8


317.6 423.9
In addition, Lemminkäinen Corporation has set one guarantee without maximum amount on behalf of its subsidiary.





Lease liabilities

Payable next year 4.8 4.9
Payable in subsequent years 21.0 24.6


25.8 29.5




Derivative contracts

Forward foreign exchange contracts


Nominal value 71.4 77.2

Fair value 0.5 5.7




Interest rate swap contracts


Nominal value 40.0 40.0

Fair value -1.0 -1.0




Commodity derivatives


Quantity, MT 54,664

Nominal value 8.4

Fair value