In addition to provisions, liabilities and contingent liabilities, there are other financial obligations amounting to €7,041 million (previous year: €6,414 million) from non-cancellable operating leases as defined by IAS 17.
The Group’s future non-cancellable payment obligations under leases are attributable to the following asset classes:
|
|
|||
|---|---|---|---|---|
€m |
2006 |
2007 |
||
Land and buildings |
5,637 |
6,310 |
||
Technical equipment and machinery |
214 |
470 |
||
Other equipment, operating and office equipment |
324 |
96 |
||
Aircraft |
222 |
165 |
||
Other |
17 |
0 |
||
Leases |
6,414 |
7,041 |
||
|
|
|||
|---|---|---|---|---|
€m |
2006 |
2007 |
||
Year 1 after reporting date |
1,160 |
1,285 |
||
Year 2 after reporting date |
958 |
1,069 |
||
Year 3 after reporting date |
779 |
871 |
||
Year 4 after reporting date |
611 |
700 |
||
Year 5 after reporting date |
468 |
561 |
||
Year 6 after reporting date and thereafter |
2,438 |
2,555 |
||
Maturity structure of minimum lease payments |
6,414 |
7,041 |
||
The present value of discounted minimum lease payments is €5,326 million (previous year: €4,975 million), based on a discount factor of 5.75% (previous year: 5.00%) Overall, rental and lease payments of €2,390 million (previous year: €2,140 million) arose in 2007, of which €1,709 million (previous year: €1,297 million) relates to non-cancellable leases. Future lease obligations from non-cancellable leases relate primarily to the following companies:
|
|
|||
|---|---|---|---|---|
€m |
2006 |
2007 |
||
Deutsche Post AG/ Deutsche Post Immobilien GmbH |
2,306 |
2,468 |
||
Express and logistics companies |
3,392 |
4,182 |
||
Other Group companies (including Deutsche Postbank Group) |
716 |
391 |
||
Future lease obligations |
6,414 |
7,041 |
||
The purchase obligation for investments in non-current assets amounted to €332 million.
