BMW 2005 Annual Report Download - page 116

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115
These future obligations are matched, or ex-
ceeded, by income on sub-leases.
Purchase commitments for property, plant and
equipment amount to euro 1,057 million (2004: euro
732 million).
Sundry other financial commitments amount to
euro 217 million (2004: euro 207 million). This in-
cludes the amount of euro 19 million committed for
the intended refurbishment of the head quarters of
BMW AG.
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
Due to their expiry in 2005, back-to-back finance leases do not give rise to any obligations for future minimum
lease payments:
following amounts are payable under these con-
tracts:
in euro million 31.12.2005 31.12.2004
Total of future minimum lease payments
due within one year 3
due between one and five years 3
due later than five years
–6
Interest portion of the future minimum lease payments
due within one year
due between one and five years
due later than five years
Present value of future minimum lease payments
due within one year 3
due between one and five years 3
due later than five years
6
in euro million 31.12.2005 31.12.2004
Nominal total of future minimum lease payments
due within one year 802 828
due between one and five years 667 900
due later than five years
1,469 1,728