25 – Other financial obligations
The figures listed below are stated at nominal value:
Million € |
|
December 31, |
December 31, |
|---|---|---|---|
Bills of exchange |
|
6 |
3 |
Guarantees |
|
49 |
52 |
Warranties |
|
87 |
58 |
Collateral granted on behalf of third-party liabilities |
|
– |
1 |
Initiated investment projects |
|
4,672 |
6,955 |
Thereof purchase commitments |
|
1,429 |
1,761 |
for the purchase of intangible assets |
|
10 |
21 |
Payment and loan commitments and other financial obligations |
|
80 |
79 |
The decline in initiated investment projects from €6,955 million as of December 31, 2014 to €4,672 million as of December 31, 2015 was primarily attributable to the completion of several investment projects in 2015.
Assets used under long-term leases
Assets used under long-term leases primarily concerned buildings and IT infrastructure.
Obligations arising from long-term leases (excluding finance leases) (in million €) |
||
2016 |
|
413 |
|---|---|---|
2017 |
|
284 |
2018 |
|
220 |
2019 |
|
157 |
2020 |
|
123 |
2021 and maturities beyond this year |
|
357 |
Total |
|
1,554 |
Obligations arising from purchase contracts
Obligations arising from purchase contracts resulted primarily from long-term purchase obligations for raw materials. Firm purchase obligations as of December 31, 2015, were as follows:
Obligations arising from purchase contracts (in million €) |
||
2016 |
|
8,050 |
|---|---|---|
2017 |
|
5,146 |
2018 |
|
4,272 |
2019 |
|
3,623 |
2020 |
|
2,824 |
2021 and maturities beyond this year |
|
10,225 |
Total |
|
34,140 |
The year-on-year decrease of €97,711 million to €34,140 million in obligations arising from purchase contracts was mainly the result of the disposal of WINGAS GmbH, Kassel, Germany, and its purchase obligations from natural gas purchasing agreements.