[36] Contingent liabilities and other financial commitments

Contingent liabilities

Of the total guarantees, €2.5 million related to contingent liabilities assumed jointly with another shareholder of a joint venture (2014: €0.9 million). > TABLE 090

Contingent liabilities

090

in € million

2015

2014

Liabilities on bills of exchange

6.8

5.6

Liabilities on guarantees

23.5

21.0

Total contingent liabilities

30.3

26.7

Litigation

The legal risks arising from the KION Group’s business are typical of those faced by any company operating in this sector. The Group companies are a party in a number of pending lawsuits in various countries. The individual companies cannot assume with any degree of certainty that they will win any of the lawsuits or that the existing risk provision in the form of insurance or provisions will be sufficient in each individual case. However, the KION Group believes it is unlikely that these ongoing lawsuits will require funds to be utilised that exceed the provisions recognised.

Other financial commitments

Sundry other financial commitments included future payment obligations to an associate amounting to €2.0 million (2014: €21.0 million). > TABLE 091

Other financial commitments

091

in € million

2015

2014

Commitments under non-cancellable operating leases

272.7

250.8

Capital expenditure commitments in property, plant and equipment

11.5

10.3

Capital expenditure commitments in intangible assets

2.2

1.9

Other financial commitments

71.3

65.0

Total other financial commitments

357.8

327.9

The maturity structure of the total future minimum lease payments under non-cancellable operating leases is shown in > TABLE 092 below.

Minimum lease payments

092

in € million

2015

2014

Nominal minimum lease payments

272.7

250.8

due within one year

66.9

61.4

due in one to five years

135.4

114.8

due in more than five years

70.4

74.5

The minimum lease payments relate to payments for leased buildings, machinery, office furniture and equipment (procurement leases) as well as payments for industrial trucks refinanced with a sale and leaseback and sub-leased to end customers (sale and leaseback sub-leases). > TABLE 093

Minimum lease payments broken down into procurement leases & sale and leaseback sub-leases

093

 

Procurement leases

Sale and leaseback sub-leases

in € million

2015

2014

2015

2014

Minimum lease payments (cash out)

209.3

205.4

63.4

45.3

due within one year

43.3

44.1

23.7

17.3

due in one to five years

95.8

87.4

39.6

27.4

due in more than five years

70.2

73.9

0.2

0.6

 

 

 

 

 

Minimum lease payments (cash in)

6.3

4.1

due within one year

2.0

1.6

due in one to five years

4.3

2.5

due in more than five years

0.0

0.0

The future minimum lease payments for sale and leaseback transactions not recognised in the statement of financial position amounting to €63.4 million (2014: €45.3 million) are partially offset by payments received under non-cancellable sub-leases amounting to €6.3 million (2014: €4.1 million). The future payments also include obligations arising from the refinancing of industrial trucks for which there are no offsetting receipts under short-term sub-leases.