Annual Report 2013 | Suomeksi |

13 Contingent liabilities

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EUR million 2013 2012
On own behalf
Other contingent liabilities 3 5
On behalf of group companies
Guarantees 348 527
On behalf of associated companies
Guarantees 417 431
Contingent liabilities total 768 963
Operating leases
EUR million 2013 2012
Lease payments
Not later than 1 year 4 3
Later than 1 year and not later than 5 years 6 7
Total 10 10
Derivatives
2013 2012
EUR million Contract
or notional
value
Fair
value
Not
recog-
nised as income
Contract
or notional
value
Fair
value
Not
recog-
nised as income
Forward rate agreements 56 0 0 116 0 0
Interest rate swaps 6,658 105 100 6,268 201 169
Forward foreign exchange contracts 1)                                                                   18,614 -39 5 19,909 -54 1
Interest rate and currency swaps 928 36 -2 544 -8 0
1) Includes also future positions.
Fortum Oyj received in December 2013 an income tax assessment regarding transfer pricing for the year 2007. Fortum has appealed the decision. Based on legal analyses, no provision has been recognised in the financial statements. If the decisions by the tax authority remain final despite the appeals processes, the impact on net profit would be approximately EUR 136 million for the year 2007.
For more information, see note 39 Legal actions and official proceedings to the consolidated financial statements.
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