Annual report 2014

29 Contingent liabilities

EUR million 31 Dec. 2014 31 Dec. 2013
Liabilities from bills of exchange
Liabilities from
guarantees 517 506
miscellaneous contingent liabilities
  517 506

As in the previous year the liabilities from guarantees concern primarily the Holding and other companies segment and are related to disposals of companies. Certain provisions were also recognised in connection with these matters. These are recognised under the relevant item. The liabilities from guarantees include financial guarantee contracts within the meaning of IAS 39 in the amount of EUR 21 million (previous year: EUR 21 million).

As in the previous year, no contingent receivables exist as at the reporting date.