Porsche 2004 Annual Report Download - page 149

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145
Other financial obligations in the Group total EUR 250.0 million (previous year: EUR 270.4 milli-
on). There are obligations from rent, lease and maintenance agreements of EUR 95.8 million in total
(previous year: EUR 78.3 million). The Group’s purchase commitment from initiated investment pro-
jects for property, plant and equipment amount to EUR 152.0 million (previous year: EUR 183.6 mil-
lion). There are other financial obligations of EUR 2.2 million (previous year: EUR 8.5 million). The
terms to maturity of minimum lease payments under non-cancelable operating leases and rent
agreements are as follows:
The total amount of rent and lease payments recorded as an expense in the fiscal year is
T€ 29,886 (previous year: T€ 36,554).
No provisions were recognized for contingent liabilities as it is more likely than not that they
will not occur.
As a partner of Venture Capital Beteiligung GbR, Porsche AG is liable within the scope of the
provisions of law.
July 31, 2005 July 31, 2004
T€ T€
Guarantees 1,300 378
Warrenties 68,357 68,738
Collateral for third-party liabilities 1,076 1,535
July 31, 2005 July 31, 2004
T€ T€
Minimum lease payments 95,845 78,307
Due within one year 28,072 23,043
Due within one to five years 48,111 23,905
Due within more than five years 19,662 31,359
(28) Contingent Liabilities