Contractual commitments and guarantees

The commitments entered into by the Enel Group and the guarantees given to third parties are shown below.

Millions of euro    
 at Dec. 31, 2013 at Dec. 31, 2012 Change 
Guarantees given:       
- sureties and other guarantees granted to third parties  5,685  5,586  99 
Commitments to suppliers for:       
- electricity purchases  42,181  50,634  (8,453) 
- fuel purchases  55,789  62,576  (6,787) 
- various supplies  2,176  2,120  56 
- tenders  2,001  1,922  79 
- other  2,696  2,315  381 
Total  104,843  119,567  (14,724) 
TOTAL  110,528  125,153  (14,625) 

Guarantees granted to third parties amounted to €5,685 million, an increase of €99 million on 2012. The item includes commitments relating to the sale of real estate assets, in connection with the regulations that govern the termination of leases and the related payments, for a period of six years and six months renewable from July 2004. The value of such guarantees (€438 million at December 31, 2013) is reduced annually by a specified amount.

The expected cash flow of the lease contracts, including forecast inflation, is as follows:

  • 2014: €46 million;
  • 2015: €47 million;
  • 2016: €47 million;
  • 2017: €48 million;
  • 2018: €49 million.

The expected cash flow of the operating lease contracts of Endesa is as follows:

  • 2014: €50 million;
  • 2015-2016: €87 million;
  • 2017 and beyond: €232 million.

Commitments for electricity amounted to €42,181 million at December 31, 2013, of which €23,296 million refer to the period 2014-2018, €8,401 million to the period 2019-2023, €3,651 million to the period 2024-2028 and the remaining €6,833 million beyond 2028. Commitments for the purchase of fuels are determined with reference to the contractual parameters and exchange rates applicable at the end of the period (given that fuel prices vary and are mainly set in foreign currencies). The total at December 31, 2013 was €55,789 million, of which €33,459 million refer to the period 2014-2018, €14,467 million to the period 2019-2023, €4,621 million to the period 2024-2028 and the remaining €3,242 million beyond 2028.