Notes to the Consolidated Financial Statements
1. Basic information and principles of the report
2. Changes in Group structure
3. Summary of significant accounting policies
4. Risk assessment and management
5. Management of capital
6. Trade accounts receivable
7. Other current assets and current financial assets
8. Inventories
9. Property, plant and equipment
10. Other non-current assets and non-current financial assets
11. Goodwill and intangible assets
12. Short-term debt
13. Other current liabilities and provisions
14. Long-term debt
15. Financial instruments
16. Retirement benefit plans
17. Participation plans
18. Deferred tax assets and liabilities
19. Other non-current liabilities and provisions
20. Contingencies
21. Capital stock and treasury shares
22. Earnings per share
23. Other operating expenses, net
24. Financial result, net
25. Income tax expenses
26. Operating Leasing
| 2016 | 2015 | |
|---|---|---|
| MCHF | MCHF | |
| Minimum lease payments | ||
| < 1 year | 19.8 | 16.6 |
| 1-5 years1 | 53.7 | 49.6 |
| > 5 years1 | 71.3 | 76.9 |
| Total minimum lease payments | 144.8 | 143.1 |
| 1 The permanent (open-ended) contracts were defined to last for a period of eight years in 2016. In 2015 there was no such specific definition. Therefore the figures for 2015 were adjusted on the basis of this new definition. | ||
The lease expenses for 2016 were MCHF 24.8 (PY: MCHF 18.5). The acquisition of the Sanitec Group added various operating lease agreements in 2015. The leasing agreements are mainly for rent of buildings and equipment.