AEG 21604 G Bedienungsanleitung PDF herunterladen (Seite 391)

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29. Contractual obligations and off-balance sheet commitments

a) Contractual cash obligations

The following table presents minimum payments that the Group will have to make in the future under contracts

and firm commitments. Amounts related to capital lease obligations are fully reflected in the consolidated bal-

ance sheet.

In thousands of Euro

Less than 1

year

1 – 3

years 4 – 5 years Total

Operating leases .............................................. 2,509 2,564 1,047 6,120

Unconditional purchase obligations ............... 24,064 345 61 24,470

26,573 2,909 1,108 30,590

The unconditional purchase obligations are related to the requirements to place firm commitments for compo-

nents for the manufacturing of Group products. A significant portion of the purchase obligations relate to spe-

cific customer orders.

Rental expenses under operating leases amounted to €1.4 million in 2009.

b) Other commitments

In thousands of Euro

Less than 1

year

1 – 3

years

4 – 5 years

Total

Guarantees ...................................................... 4,664 4,791 475 9,930

Commitments on customer contracts relate to bonds and guarantees issued and are shown net of bonds and guar-

antees secured by cash collateral.

c) Trademark License Agreement

With effect from 1 July 2008, AEG Power Solutions entered into a trademark license agreement with AB Elec-

trolux which granted the Company the right to use the AEG Power Solutions trademark for an initial term of ten

years. An annual royalty is payable based on a percentage of the net selling price of the respective trademark

product. A minimum annual royalty of €2,737,500 and €2,782,500 is payable for 2009 and 2010 respectively if

these amounts are greater than the royalty based on actual sales. Beginning 2011, the royalty is based on actual

sales. The Company can terminate the agreement after 2011 with a one year notice period.

30. Contingencies

Management of the Group believes that any legal proceedings incidental to the conduct of its business, including

employee related actions, are adequately provided for in the consolidated financial statements or will not result

in any significant costs to the Group in the future.

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