38 Other financial obligations

  (XLS:) Download

 

 

 

PAYABLE

 

PAYABLE

 

PAYABLE

 

TOTAL

€ million

 

2016

 

2017 – 2020

 

from 2021

 

Dec. 31, 2015

 

 

 

 

 

 

 

 

 

Purchase commitments in respect of

 

 

 

 

 

 

 

 

property, plant and equipment

 

7,214

 

1,169

 

 

8,383

intangible assets

 

1,163

 

143

 

 

1,306

investment property

 

8

 

 

 

8

 

 

 

 

 

 

 

 

 

Obligations from

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Miscellaneous other financial obligations

 

3,290

 

1,059

 

200

 

4,549

  (XLS:) Download

 

 

 

PAYABLE

 

PAYABLE

 

PAYABLE

 

TOTAL

€ million

 

2017

 

2018 – 2021

 

from 2022

 

Dec. 31, 2016

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Miscellaneous other financial obligations

 

2,569

 

1,416

 

1,072

 

5,056

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.