Note 18. Provisions 31 Jan 2010
31 Jan 2010
Rent guarantees for properties sold at 1 February Applied during the year Rent guarantees for properties sold at 31 January
1.9 -1.9 0.0
2.3 -0.4 1.9
Other provisions at 1 February Provisions for the year Other provisions at 31 January
19.2 0.0 19.2
19.2 0.0 19.2
Provisions at 31 January
19.2
21.1
Expected maturity dates of the liabilities provided for: 0-1 year 1-5 years Provisions at 31 January
0.0 19.2 19.2
1.9 19.2 21.1
Rent guarantee liabilities for sold properties have been calculated based on experience with rent guarantees and an individual assessment of each lease. Other provisions relate to provisions for negative equity in a subsidiary.
Note 19. Operating leases For the year 2011, operating leases for the rental of operating equipment have been concluded. The leases have been concluded for a one-year period with fixed lease payments. Future minimum lease payments according to non-terminable lease contracts break down as follows: 31 Jan 2011
31 Jan 2010
Within 1 year Within 1-5 years
0.2 0.0
0.2 0.2
After 5 years
0.0
0.0
Total
0.2
0.4
Minimum lease payments for the year recognized in the income statement
0.2
0.2
Parent Company Financial Statements | TK Development A/S | Annual Report 2010/11 119/123