Technologies · Systems · Solutions - Dürr

31. Contingent liabilities
32. Other financial
obligations
Rent and lease agreements
Other financial commitments
Consolidated financial statements of Dürr AG
117
For further information on the various loans with Landesbank Baden-Württemberg and Deutsche
Bank AG, please refer to note 27.
For further information on the members of the Supervisory Board of Dürr Aktiengesellschaft,
please refer to note 36.
The forward exchange transactions and interest hedges of the Group are largely processed
through Landesbank Baden-Württemberg and Deutsche Bank AG. For details of the forward
exchange transactions and interest hedges, please refer to note 34.
The Board of Management confirms that all the transactions with related parties described
above were carried out at arm’s length conditions. For further information on the members of
the Board of Management of Dürr Aktiengesellschaft, please refer to note 36.
As of December 31, 2004, the Company had the following contingent liabilities:
Amounts in €k
Dec. 31, 2004 Dec. 31, 2003
Liabilities from guarantees, notes and
check guarantees 51 2,991
Other 1,475 4,024
1,526 7,015
Besides liabilities, provisions and contingent liabilities, the Company has other financial obliga-
tions, in particular from rent and lease agreements for buildings, furniture and fixtures, office
space and vehicles. The contracts terminate at various times between 2005 and 2019. Future
minimum payments up to the first contractually agreed termination date are as follows:
2005 2006 2007 2008 2009 Thereafter Total
Amounts in €k
Non-cancelable leases 24,106 13,910 12,102 9,830 8,449 33,046 101,443
Finance leases 2,477 2,207 2,060 1,890 1,819 3,666 14,119
Total related rent expenses in the 2004 reporting period amount to € 30,570 thousand (2003:
€ 25,774 thousand). The interest portion for the total minimum payments for finance leases
amounts to € 3,929 thousand (2003: € 4,797 thousand); the repayment portion amounts
to € 10,190 thousand (2003: € 11,543 thousand), of which € 1,704 thousand (2003: € 1,730 thousand)
is short term.
The other financial commitments that do not result from rent and lease agreements are
listed below.
Amounts in €k
2005 2006 2007 2008 2009 Thereafter Total
Other continuous
obligations 14,701 7,822 7,917 8,002 8,005 25,410 71,857