25 – Other financial obligations
The figures listed below are stated at nominal value:
Million € |
|
December 31, |
December 31, |
|---|---|---|---|
Bills of exchange |
|
9 |
6 |
Guarantees |
|
12 |
49 |
Warranties |
|
43 |
87 |
Collateral granted on behalf of third-party liabilities |
|
1 |
– |
Initiated investment projects |
|
5,394 |
4,672 |
Thereof purchase commitments |
|
1,391 |
1,429 |
for the purchase of intangible assets |
|
7 |
10 |
Payment and loan commitments and other financial obligations |
|
25 |
80 |
BASF provides unlimited guarantees, particularly to the Danish government as well as the state-owned company Nordsøfonden, as a precondition for the exploration for and production of hydrocarbons in the Danish concession area by the joint venture Wintershall Noordzee B.V., Rjswijk, the Netherlands. Partially countering the possible 100% liability of BASF arising from these guarantees are the 50% guarantees of the joint-venture partner in favor of BASF. Drawing on these guarantees was not forseeable as of December 31, 2016.
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) (million €) |
||
2017 |
|
360 |
|---|---|---|
2018 |
|
279 |
2019 |
|
202 |
2020 |
|
151 |
2021 |
|
125 |
2022 and maturities beyond this year |
|
396 |
Total |
|
1,513 |
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, 2016, were as follows:
Obligations arising from purchase contracts (million €) |
||
2017 |
|
7,805 |
|---|---|---|
2018 |
|
4,499 |
2019 |
|
3,764 |
2020 |
|
2,632 |
2021 |
|
2,540 |
2022 and maturities beyond this year |
|
8,590 |
Total |
|
29,830 |