Financial report Consolidated annual financial statements: Notes to the consolidated annual financial statements Other financial information
Other financial information
30. Related parties
31. Operating leases (lessee)
Accounting principles
Accounting principles
Related parties include shareholders who could exert a significant influence over Mobimo, the Board of Directors and management, associates controlled by members of the Board of Directors of the Mobimo Group, and the Mobimo pension plan.
Mobimo does not have any leasing agreements classed as finance leases. Payments for operating leases are recognised in the income statement over the term of the lease.
Obligations from non-cancellable rental and leasing agreements are as follows: Note 16 gives details of the compensation paid to the members of the Board of Directors and Executive Board for their activities. Among the companies controlled by members of the Board of Directors are the consultancy firm weber schaub & partner ag, which is co-owned by Peter Schaub. The income statement includes expenses of TCHF 76 (prior year: TCHF 57) for tax consulting by weber schaub & partner ag. The expenses invoiced relate to tax consulting services provided by employees of the firm. Consulting services provided directly by Peter Schaub are covered by his director’s compensation. The Mobimo income statement contains the following positions with joint venture Parking du Centre SA: Income from rental of properties of TCHF 543 (prior year: TCHF 505) and operating expense (rental expense) of TCHF –25 (prior year: TCHF –28). The Mobimo income statement contains the following items with associates (see Note 26): Income from rental of properties of TCHF 210 (prior year: TCHF 210) and other income of TCHF 22 (prior year: TCHF 22) for services rendered. Transactions between Mobimo and the pension plans are listed in Note 17.
104
Mobimo Annual Report 2018
TCHF
2018
2017
Rental and leasing obligations up to 1 year
544
393
Rental and leasing obligations 1 to 5 years
1,956
588
Rental and leasing obligations over 5 years
9,332
8,083
11,831
9,064
Total future rental and leasing obligations
The obligations relate primarily to building right interest for the properties St. Erhard, Längmatt, and Basel, Lyonstrasse 40, and to the rent for office premises in Küsnacht. The remaining obligations relate to third-party leases for premises and car park facilities. The rental and leasing expenses charged to the income statement were CHF 0.5 million (prior year: CHF 0.5 million).