24 Off-balance sheet commitments in thousands of euros
Guarantees and securities Capital expenditure commitments Lease and rental commitments Other commitments Total
2016
2015
4,602 716 77,641 5,302 88,261
4,726 33 21,326 5,502 31,587
The breakdown of off-balance sheet commitments into short-term (less than one year), long-term (more than one year) and more than five years is as follows:
in thousands of euros
Guarantees and securities Capital expenditure commitments Lease and rental commitments Other commitments Total
< 1 year
716 7,412 5,222 13,350
1 year > < 5 years
27,306 80 27,386
< 5 years
4,602 42,923 47,525
Total 2016
4,602 716 77,641 5,302 88,261
Guarantees and securities consist primarily of guarantees for EU grants. The amount included in the capital expenditure commitments comprises EUR 0.6 million in ICT-related investments and EUR 0.2 million in moveable property. Lease and rental commitments can be broken down as follows: â&#x20AC;˘ Payable in 2017: EUR 7.4 million â&#x20AC;˘ Payable from 2018 onwards: EUR 70.2 million Of the amount of lease and rental commitments, EUR 70.4 million concerns real estate rentals (2015: EUR 15.3 million) and EUR 7.2 million concerns rolling stock (2015: EUR 6.0 million). The rise in rental commitments relates to the lease-back of real estate sold in 2015 and the fact that from 2016 the total contractual commitment is shown, rather than the commitment for the next five years. The amount for other commitments primarily concerns ICT-related contractual commitments.
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2016 Annual Report of The Greenery B.V.