47 Other Financial Obligations
The future minimum lease payment obligations resulting from non-cancellable operating leases are due as follows:
|
in € million |
|
End of contract term |
|
Due within 1 year |
|
Due in 1 to 5 years |
|
Due after 5 years |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
Rents |
|
2019–2024 |
|
10.6 |
|
18.0 |
|
5.5 |
|
34.1 |
|
|
Lease contracts |
|
2019–2022 |
|
10.5 |
|
7.7 |
|
– |
|
18.2 |
|
|
Leasehold contracts |
|
2019–2109 |
|
13.4 |
|
53.6 |
|
552.4 |
|
619.4 |
|
|
|
|
|
|
34.5 |
|
79.3 |
|
557.9 |
|
671.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
Rents |
|
2018–2022 |
|
3.9 |
|
7.0 |
|
– |
|
10.9 |
|
|
Lease contracts |
|
2018–2021 |
|
12.9 |
|
15.3 |
|
– |
|
28.2 |
|
|
Leasehold contracts |
|
2018–2206 |
|
9.4 |
|
37.8 |
|
399.5 |
|
446.7 |
|
|
|
|
|
|
26.2 |
|
60.1 |
|
399.5 |
|
485.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments of € 39.9 million (2017: € 29.7 million) under rental, tenancy and lease contracts were recognized as expenses in the reporting period.
The Vonovia leasehold contracts generally have a term of 99 years. The average remaining term of these contracts was approx. 43 years as of December 31, 2016. The owners of inheritable building rights are in particular the German state, church institutions, German federal states, municipalities and Deutsche Post AG, Bonn.
In addition to obligations under operating leases, other financial obligations include:
|
in € million |
|
Dec. 31, 2017 |
|
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Other financial obligations |
|
|
|
|
|
|
Cable TV service contracts |
|
323.7 |
|
295.7 |
|
|
IT service contracts |
|
14.6 |
|
41.9 |
|
|
Supply contracts |
|
– |
|
13.9 |
|
|
Surcharges under the German Condominium Act |
|
3.1 |
|
4.5 |
|
|
Other |
|
– |
|
4.0 |
|
|
|
|
341.4 |
|
360.0 |
|
|
|
|
|
|
|
|
The obligations under cable TV service contracts are set against future income from the marketing of the cable TV service. The caretaker service contracts were gradually terminated and assumed by Vonovia’s own craftsmen’s organization.