Note 21: Commitments
Purchase commitments for property, plant and equipment amount to €21 million (2016: €22 million) of which €14 million is related to the Specialty Chemicals business (discontinued operations).
Lease payments during 2017 amounted to €211 million (2016: €223 million). Our operational lease portfolio mainly consists of leases related to land and property, employee cars and certain specific assets in Specialty Chemicals.
In € millions |
2016 |
2017 |
Payments due within one year |
172 |
166 |
Payments between one and five years |
338 |
306 |
Payments due after more than five years |
212 |
210 |
Total |
722 |
682 |
An amount of €307 million of the total commitment for operational lease contracts is related to the Specialty Chemicals business (discontinued operations).
Guarantees related to associates and joint ventures at year-end 2017 totaled €5 million (2016: €5 million). All of these guarantees are related to the Specialty Chemicals business.