BMW 2013 Annual Report Download - page 145
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145 GROUP FINANCIAL STATEMENTS
in € million 31. 12. 2013 31. 12. 2012
Guarantees 33 6
Performance guarantees 4 –
Other 39 60
Contingent liabilities 76 66
in € million 31. 12. 2013 31. 12. 2012
Nominal total of future minimum lease payments
due within one year 335 320
due between one and five years 852 805
due later than five years 587 585
Other financial obligations 1,774 1,710
BMW Group
Notes to the Group Financial Statements
Other Disclosures
41
Contingent liabilities and other financial commitments
Contingent liabilities
No provisions were recognised for the following contingent liabilities (stated at estimated amounts), since an out-
flow of resources is not considered to be probable:
Contingent liabilities relate entirely to non-group
entities.
Other financial commitments
In addition to liabilities, provisions and contingent lia-
bilities, the BMW Group also has other financial com-
mitments, primarily under lease contracts for land,
buildings, plant and machinery, tools, office and other
facilities. The leases run for periods of one to 45 years
and in some cases contain extension and / or purchase
options. In 2013 an amount of € 320 million (2012: € 296
million) was recognised as an expense in conjunction
with operating leases. All of these amounts relate to
minimum lease payments.
The total of future minimum lease payments under non-
cancellable and other operating leases can be analysed
by maturity as follows:
Other financial commitments include € 10 million (2012:
€ 19 million) in respect of obligations to non-consoli-
dated subsidiaries and € 1 million (2012: € 2 million) for
back-to-back operating leases.
Purchase commitments amounted to € 2,661 million
(2012: € 3,010 million) for property, plant and equip-
ment and € 446 million (2012: € 440 million) for intangi-
ble assets.