Annual Report 2014

31. Guarantees and liabilities, Parent Company
31 Dec., € million20142013
Investment commitments
Private equity funds1,599.81,148.8
Other funds800.8522.6
Pension liabilities
Pension commitments (recognized as debt in 2014)1.11.1
Leasing and renting liabilities
Expiring next year0.60.8
Expiring later0.70.7
Other liabilities
Varma Mutual Pension Insurance Company belongs to a value-added tax liability group together with Veritas Pension Insurance, Tieto Esy Oy and real estate companies owned by the aforementioned companies. In addition to the above-mentioned companies, eFennia Oy, Mutual Insurance Company Fennia, Elo Mutual Pension Insurance Company, Fennia Asset Management Ltd., Suomen Vahinkotarkastus SVT Oy and Fennia Life Insurance Company fall under the obligation to verify VAT allowances of real estate investments.
Group members are collectively responsible for the value-added tax payable by the Group.6.87.2
Obligation to verify VAT allowances of real estate investments118.5149.7
Loaned securities
Nominal value1,250.31,387.0
Remaining acquisition cost1,258.01,423.1
Fair value1,351.81,427.1
Loaned securities are included in the balance sheet. The counterparty to the lending operations is the custodian bank Northern Trust Co. London with which borrowers post collateral. The collateral of the loans are securities. Loans can be cancelled at any time.