Service-oriented - Die Schweizerische Post
Service-oriented - Die Schweizerische Post
Service-oriented - Die Schweizerische Post
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Other Notes<br />
28 Operating leases<br />
Swiss <strong>Post</strong> as lessee<br />
Annual Report | Financial Report | Financial statements of Swiss <strong>Post</strong> Group<br />
Minimum obligations under noncancellable lease and rental agreements break down as follows:<br />
31.12.2006 31.12.2005<br />
CHF m<br />
Future obligations under operating leases, due<br />
within 1 year 123 95<br />
1 to 5 years 334 265<br />
more than 5 years 144 148<br />
Future payment obligations under operating leases 601 508<br />
Minimum lease payments 131 106<br />
Conditional lease payments 6 5<br />
Lease expenses for the year 137 111<br />
Income from subletting in the past business year 16 11<br />
Future income from subletting 57 44<br />
Payments arising from operating lease agreements relate mainly to rent for the post office network’s real<br />
estate (with an average remaining term of three years), rent for business premises and a ground rent agreement<br />
with <strong>Post</strong>Logistics AG (both with an average remaining term of 15 years). Income from subletting relates to<br />
the post office network’s real estate which, for the purposes of optimization, has been sublet to third parties<br />
until the lease expires.<br />
Conditional lease payments occur if the lease is indexlinked.<br />
135
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