Commitments
Capital commitments
Capital commitments contracted for at the balance sheet date but not recognized in the financial statements are as follows:
|
Group |
Company |
| (all amounts in Euro thousands) |
2017 |
2016 |
2017 |
2016 |
| Property, plant and equipment |
2,227 |
702 |
- |
- |
Purchase commitments
Energy supply contracts (Gas, electricity, etc.)
|
Group |
Company |
| (all amounts in Euro thousands) |
2017 |
2016 |
2017 |
2016 |
|
1,019 |
600 |
- |
- |
In addition to the aforementioned purchase commitments, the Group's US subsidiaries have entered a contract to purchase raw materials and manufacturing supplies as part of their on-going operations in Florida. This includes a contract to buy construction aggregates through a multi-year agreement at prevailing market prices.
Operating lease commitments - where a Group company is the lessee
The Group leases motor vehicles, properties and other equipment under non-cancellable operating lease agreements. The leases have varying terms, escalation clauses and renewal rights.
|
Group |
Company |
| (all amounts in Euro thousands) |
2017 |
2016 |
2017 |
2016 |
| Not later than 1 year |
11,679 |
9,517 |
737 |
672 |
| Later than 1 year and not later than 5 years |
27,356 |
25,040 |
1,354 |
1,367 |
| Beyond 5 years |
7,462 |
7,864 |
- |
- |
| |
46,497 |
42,421 |
2,091 |
2,039 |