23. Other liabilities

Car leasing liabilities

EUR million

31 Dec 2015

31 Dec 2014

Car leasing liabilities


Payable during the next financial year




Payable later




Electricity hedging

Electricity procurement was hedged with electricity derivatives quoted on the Nordic electricity ex-change Nord Pool in accordance with the risk policy approved by VVO Group. The market value of the hedges for 2016–2017 was EUR 1,209,081.75 (EUR 942,862.78) at the closing date. Unrealised changes in fair value has not been taken into account in the income statement or balance sheet of VVO Group plc.



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