2009 - Jaarverslag

The Group leases buildings, plant, vehicles and office equipment under operational leases. The leased buildingshave a term of ten to fifteen years. Lease payments are indexed annually. None of the lease agreements includeconditional lease payments. In principle the Group does not act as a lessor. The term of the other leaseagreements is a maximum of five years.53 INVESTMENT LIABILITIESIn 2009 the Group entered into contractual liabilities for the purchase of tangible fixed assets. The amount ofthe liabilities as at 31 December 2009, after deduction of advance payments already made during the financialyear, is € 5.3 million (2008: € 7.1 million).54 CONTINGENT LIABILITIESThe Group has received claims for damages arising from the conduct of business. With the exception of thosestated below, the claims are not deemed to be substantial and provisions have been recognised to the extentnecessary.A claim for damages has been made against Royal Ten Cate by United Fabrics NV, a company registered in theNetherlands Antilles (majority shareholder in Textielgroep Twenthe NV). The claim is based on an outsourcingand management agreement from 1998 and originally amounted to € 56 million. The claim in respect of theoutsourcing agreement has lapsed permanently as a result of a judgement by the Supreme Court in 2006. Theplaintiff was ordered to demonstrate the damage suffered in respect of the management agreement. TenCate isconfident with regard to the remainder of the proceedings.55 SUBSEQUENT EVENTSA commentary on events subsequent to the reporting date can be found on page 148.56 RELATED PARTIES56.1 Identity of related partiesRelated parties concern relationships between the Group and its operating companies, associated companiesand other participating interests, joint ventures, the TenCate pension fund and the executive and supervisorydirectors.Royal Ten Cate Annual Report 2009 135