General
Information
Last Update:
March 1, 2012
Seitenende

26 – Leasing

Leased assets

Property, plant and equipment include those assets which are considered to be economically owned through a finance lease. They primarily concern the following items:

  Download (Download XLS xls, 18 kB)

Leased assets (million €)

 

 

 

 

2011

 

2010

 

Acquisition cost

Net book value

 

Acquisition cost

Net book value

Land, land rights and buildings

47

27

 

46

29

Machinery and technical equipment

218

60

 

275

79

Miscellaneous equipment and fixtures

64

13

 

69

13

 

329

100

 

390

121

  Download (Download XLS xls, 18 kB)

Liabilities from finance leases (million €)

 

 

2011

 

2010

 

Minimum lease payments

Interest portion

Leasing liability

 

Minimum lease payments

Interest portion

Leasing liability

Following year 1

28

7

21

 

35

8

27

Following year 2

21

6

15

 

25

6

19

Following year 3

18

5

13

 

15

3

12

Following year 4

13

4

9

 

12

4

8

Following year 5

13

3

10

 

10

2

8

Over 5 years

52

19

33

 

27

5

22

 

145

44

101

 

124

28

96

In the current business year and in 2010, no additional lease payments arising from contractual obligations for finance leases were recognized in income above the minimum lease payments for finance leases.

In 2011, leasing liabilities were not offset by any significant minimum lease payments from sub-leases.

In addition, BASF is a lessee under operating lease contracts. The resulting lease obligations totaling €1,801 million in 2011 (2010: €1,679 million) are due in the following years:

  Download (Download XLS xls, 18 kB)

Commitments due to operating lease contracts (million €)

 

Nominal value of the future minimum payments

 

December 31, 2011

December 31, 2010

Less than 1 year

620

521

1–5 years

731

807

Over 5 years

450

351

 

1,801

1,679

In 2011, commitments due to operating lease contracts of less than one year included leases of precious metals of €334 million (2010: €203 million). These metals were immediately leased to third parties. Offsetting the other leasing commitments were expected minimum lease payments from subleases of €9 million in 2011 (2010: €16 million).

In 2011, minimum lease payments of €313 million were included in income from operations (2010: €311 million). In 2011, this also included conditional lease payments of €2 million (2010: €1 million). Furthermore, €3 million in lease payments from sub-leases was included in income from operations in 2011 (2010: €4 million).

BASF as lessor

BASF acts as a lessor for finance leases in a minor capacity only. Receivables on finance leases were €22 million in 2011 (2010: €18 million).

In 2011, nominal minimum payments arising from operating leases amounted to €345 million within one year (2010: €222 million) and €42 million for more than one year (2010: €72 million).

In 2011, precious metal accounts of €813 million (2010: €706 million) were held for customers where the metals are stored physically at BASF.

Seite zurück Seitenanfang Seite weiter