Financial Report and Registration Document 2010 - Groupe Seb

3 NOTES
CONSOLIDATED FINANCIAL STATEMENTS
TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 12
LEASES
Finance leases can be analysed as follows:
(in € millions) 2010 2009 2008
Land
Buildings 0.8 0.3 0.2
Machinery and equipment 2.2 2.5 2.9
Other 0.1 0.1 0.1
CARRYING AMOUNT 3.1 2.9 3.2
These amounts are included in Note 11 – Property, plant and equipment.
Groupe SEB does not have any finance leases related to intangible assets or investment property.
Commitments under finance leases and non-cancellable operating leases are as follows:
2010
(in € millions) Finance leases Operating leases
LEASE COMMITMENTS
Due within one year 1.1 35.7
Due in one to five years 1.6 68.0
Due beyond five years 11.4
TOTAL MINIMUM FUTURE LEASE PAYMENTS 2.7 115.1
Future interest costs
DISCOUNTED PRESENT VALUE OF LEASE COMMITMENTS 2.7 115.1
Lease costs recorded in expenses for the year are as follows:
(in € millions) 2010 2009 2008
Lease costs 40.1 32.8 33.4
NOTE 13
INVESTMENTS IN ASSOCIATES, OTHER INVESTMENTS
AND OTHER NON-CURRENT FINANCIAL ASSETS
13.1. INVESTMENTS
13.1.1. Investments in associates
(in € millions) 2010 2009 2008
COMPANY
Groupe SEB Retailing 0.1
ZJ Supor
0.1
At 31 December 2008, investments in associates corresponded to Groupe
SEB Retailing, a wholly-owned French company that has been fully
consolidated as from 1 January 2009.
13.1.2. Other investments
13.2. OTHER NON-CURRENT FINANCIAL
ASSETS
These assets mainly comprise guarantee deposits, mainly for property
leases.
There have been no material changes in Groupe SEB’s other investments
since 2007.
88 FINANCIAL REPORT AND REGISTRATION DOCUMENT 2010 GROUPE SEB