BMW 2008 Annual Report Download - page 114
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115 Group Financial Statements
BMW Group
Notes to the Group Financial Statements
Other Disclosures
in euro million 31.12. 2008 31.12. 2007
Guarantees 83 132
Performance guarantees 8 13
Bills of exchange – 2
Other 60 78
Contingent liabilities 151 225
in euro million 31.12. 2008 31.12. 2007
Nominal total of future minimum lease payments
due within one year 222 212
due between one and five years 619 575
due later than five years 695 683
Other financial obligations 1,536 1,470
38 Contingent liabilities and other financial commitments
Contingent liabilities
No provisions were recognised for the following contingent liabilities (stated at their nominal amount), since an outflow of
resources is not considered to be probable:
Contingent liabilities relate primarily to non-group entities.
Guarantees include an amount of euro million (: –) in
respect of non-consolidated subsidiaries.
Several liability applies in the case of investments in gen-
eral partnerships.
The usual commercial guarantees have been given in
relation to the sale of Rover Cars and Land Rover activities.
Other financial obligations
In addition to liabilities, provisions and contingent liabilities,
the BMW Group also has other financial commitments,
primarily under lease contracts for land, buildings, plant
and machinery, tools, office and other facilities. The leases
run for periods of one to years and in some cases con-
tain extension and / or purchase options. In an amount
of euro million (: euro million) was recognised
as expense in conjunction with other financial commit-
ments.
The total of future minimum lease payments under non-
cancellable leases can be analysed by maturity as follows:
The above amounts include euro million (: euro mil-
lion) in respect of non-consolidated subsidiaries and euro
million (: euro million) for back-to-back operating
leases.
Purchase commitments for property, plant and equipment
amount to euro , million (: euro , million).
Sundry other financial commitments amount to euro mil-
lion
(: euro million).