BMW 2003 Annual Report Download - page 105
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These future obligations are matched, or ex-
ceeded, by income on sub-leases.
Purchase commitments for property, plant and
equipment amount to euro 1,151 million (2002: euro
1,229 million).
Sundry other financial commitments amount
to euro 255 million (2002: euro 92 million). This in-
cludes the amount of euro 79 million committed for
the intended refurbishment of the headquarters of
BMW AG.
001 BMW Group in figures
004 Report of the Supervisory Board
008 Supervisory Board
011 Board of Management
012 Group Management Report
12 A Review of the Financial Year
29 Outlook
30 Financial Analysis
44 Risk Management
047 BMW Stock
050 Corporate Governance
054 Group Financial Statements
118 BMW AG Principal Subsidiaries
120 BMW Group10-year Comparison
122 BMW Group Locations
124 Glossary, Index
104
These future obligations are matched, or ex-
ceeded, by finance lease receivables which are in-
cluded in receivables from sales financing.
Obligations for future minimum lease payments on back-to-back finance leases were as follows:
In addition, the BMW Group is the lessee in the
case of operating leases for vehicles which are leased
to third parties over matching periods. The following
amounts are payable under these contracts:
in euro million 31.12. 2003 31.12. 2002
To t al of future minimum lease payments
due within one year 30 166
due between one and five years 11 13
due later than five years – –
41 179
Interest portion of future minimum lease payments
due within one year 1 8
due between one and five years 1 1
due later than five years – –
29
Present value of future minimum lease payments
due within one year 29 158
due between one and five years 10 12
due later than five years – –
39 170
in euro million 31.12. 2003 31.12. 2002
Nominal total of future minimum lease payments
due within one year 773 799
due between one and five years 722 756
due later than five years – –
1,495 1,555