TomTom 2013 Annual Report Download - page 75

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The significant actuarial assumptions were as follows:
2013 2012
Discount rate 3.40% 3.40%
Average life expectancy120.8 20.7
1The above average life expectancy is the average actual value for males and females retiring at age 65 set in accordance with the common German mortality tables “Heubeck 2005 G”.
A 0.1% increase or decrease in discount rate would result in approximately a €0.1 million decrease or increase in the defined benefit obligation
and a 1-year increase or decrease in average life expectancy would result in a €0.1 million increase or decrease in the defined benefit obligation.
27. Trade payables
All trade payable balances have a contractual maturity of less than six months.
28. Accruals and other liabilities
Accruals and other liabilities comprise of the following:
(€ in thousands) 2013 2012
Margin-related accruals 79,094 99,305
Operating expenses accruals 94,909 74,532
TOTAL 174,003 173,837
29. Commitments and contingent liabilities
The group has a number of long-term financial commitments, which are not shown in the group's balance sheet as at 31 December 2013.
Operating leases
These are operating leases for buildings, cars and office equipment, which consist of:
(€ in thousands) 2013 2012
Commitments less than 1 year 13,835 13,902
Commitments between 1 - 5 years 40,442 34,918
Commitments longer than 5 years 2,198 732
TOTAL 56,475 49,552
No discount factor is used in determining the operating lease commitments.
Purchase commitments
As at 31 December 2013, the group had open purchase commitments with our contract manufacturers for certain products and components.
Our contract manufacturers order the requisite component parts from their suppliers on the basis of our forecasts of the number of units we
will require. Our manufacturers have commitments on these components. In certain circumstances, we have a contractual obligation to
purchase these components from our manufacturers.
Other commitments
The group has contracts with third-party suppliers or other business partners that include minimum royalty or revenue share payments over
the duration of the contracts that range from 1 to 5 years. The total commitments under these contracts are presented below.
Notes to the Consolidated Financial Statements / Continued
ANNUAL REPORT AND ACCOUNTS 2013 / 75