38 Other financial obligations
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|
PAYABLE |
PAYABLE |
PAYABLE |
TOTAL |
||||
|---|---|---|---|---|---|---|---|---|
€ million |
2016 |
2017 – 2020 |
from 2021 |
Dec. 31, 2015 |
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|
|
|
|
|
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Purchase commitments in respect of |
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|
|
|
||||
property, plant and equipment |
7,214 |
1,169 |
– |
8,383 |
||||
intangible assets |
1,163 |
143 |
– |
1,306 |
||||
investment property |
8 |
– |
– |
8 |
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|
|
|
|
|
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Obligations from |
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|
|
|
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loan commitments to unconsolidated subsidiaries |
558 |
2 |
– |
560 |
||||
irrevocable credit and lease commitments to customers |
4,602 |
0 |
94 |
4,696 |
||||
long-term leasing and rental contracts |
997 |
2,466 |
2,444 |
5,908 |
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|
|
|
|
|
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Miscellaneous other financial obligations |
3,290 |
1,059 |
200 |
4,549 |
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| (XLS:) Download |
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|
PAYABLE |
PAYABLE |
PAYABLE |
TOTAL |
||||
|---|---|---|---|---|---|---|---|---|
€ million |
2017 |
2018 – 2021 |
from 2022 |
Dec. 31, 2016 |
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|
|
|
|
|
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Purchase commitments in respect of |
|
|
|
|
||||
property, plant and equipment |
7,170 |
1,585 |
– |
8,756 |
||||
intangible assets |
1,243 |
386 |
– |
1,629 |
||||
investment property |
13 |
– |
– |
13 |
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|
|
|
|
|
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Obligations from |
|
|
|
|
||||
loan commitments to unconsolidated subsidiaries |
126 |
2 |
– |
128 |
||||
irrevocable credit and lease commitments to customers |
4,551 |
0 |
44 |
4,595 |
||||
long-term leasing and rental contracts |
995 |
2,489 |
2,261 |
5,745 |
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|
|
|
|
|
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Miscellaneous other financial obligations |
2,569 |
1,416 |
1,072 |
5,056 |
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Other financial obligations from long-term leasing and rental contracts are partly offset by expected income from subleases of €1,664 million (previous year: €989 million).
The change in miscellaneous other financial obligations is primarily attributable to the elimination of an irrevocable credit commitment in the amount of €1.3 billion to LeasePlan as well as to the investments in zero emissions vehicle infrastructure to which the Volkswagen Group had committed itself in the settlement agreements in connection with the diesel issue and in corresponding access and awareness initiatives for these technologies. Other financial obligations include an amount of €1.6 billion for this purpose. In the previous year, the matter was not included in the table due to the investments having not yet been defined in terms of content and time.