Notes to the consolidated financial statements
32. OTHER LEASE CONTRACTS Group as lessee Minimum rents due based on other non-cancellable leases: (EUR 1,000)
2017
2016
Within one year
1,305
1,217
Within one to five years
1,364
1,947
0
31
After more than five years
The Group has leased some of the service facilities it has used. The average contract length is five years, usually with an option to continue the contract after its original expiration date. The consolidated statement of comprehensive income for 2017 includes EUR 0.8 million of rent expenses paid on the basis of other lease contracts (EUR 0.8 million in 2016). Group as lessor
The Group does not have any substantial non-cancellable leases. 33. CONTINGENT LIABILITIES 2017
(EUR 1,000) Guarantees given on behalf of others Repurchase commitments Other commitments Total
2016
1,541
549
3,464
3,021
963
1,177
5,968
4,747
34. RELATED PARTY TRANSACTIONS
The Group’s related parties include the parent company, subsidiaries and associates. Related parties also include the members of the Board of Directors and members of the management team, including the President and CEO. The Group’s parent and subsidiary relationships are the following: Group and parent company Name and domicile
share of shares and votes, %
Parent company Ponsse Plc, Vieremä, Finland Ponsse AB, Västerås, Sweden
100.00
Ponsse AS, Kongsvinger, Norway
100.00
Ponssé S.A.S., Gondreville, France
100.00
Ponsse UK Ltd., Lockerbie, United Kingdom
100.00
Ponsse Machines Ireland Ltd., Ireland
100.00
Ponsse North America, Inc., Rhinelander, United States
100.00
Ponsse Latin America Indústria de Máquinas Florestais Ltda, Mogi das Cruzes, Brazil
100.00
OOO Ponsse, St. Petersburg, Russia
100.00
OOO Ocean Safety Center, St. Petersburg, Russia (owned by OOO Ponsse)
100.00
Epec Oy, Seinäjoki, Finland
100.00
Ponsse Asia-Pacific Ltd., Hong Kong
100.00
Ponsse China Ltd., Beihai, China (owned by Ponsse Asia-Pacific Ltd.)
100.00
Ponsse Uruguay S.A., Paysandú, Uruguay
100.00
A list of associated companies is presented in Note 17. The Group has no joint ventures. 83