 Download |
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Payable |
Payable |
Payable |
Total |
Total | |||||
|---|---|---|---|---|---|---|---|---|---|---|
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€ million |
2010 |
2011 – 2014 |
from 2015 |
Dec. 31, 2009 |
Dec. 31, 2008 | |||||
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Purchase commitments in respect of |
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property, plant and equipment |
1,787 |
572 |
– |
2,359 |
1,978 | |||||
|
intangible assets |
136 |
33 |
4 |
173 |
184 | |||||
|
investment property |
1 |
– |
– |
1 |
1 | |||||
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Obligations from |
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loan commitments to unconsolidated subsidiaries |
105 |
– |
– |
105 |
99 | |||||
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irrevocable credit commitments to customers |
1,725 |
– |
– |
1,725 |
1,758 | |||||
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long-term leasing and rental contracts |
378 |
845 |
1,496 |
2,720 |
2,751 | |||||
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Other financial obligations |
3,564 |
802 |
142 |
4,508 |
2,876 |
Other financial obligations from long-term leasing and rental contracts are partly offset by expected income from subleases of €705 million.
In the course of the acquisition of a 100% equity interest in LeasePlan Corporation N.V., Amsterdam, and the subsequent sale of 50% of the shares to two co-investors, Volkswagen AG reached an agreement with the co-investors on put options entitling these investors to sell their shares to Volkswagen AG. On December 22, 2008, the co-investors announced that they would exercise their put options. In September 2009, Volkswagen agreed to purchase the shares from the co-investors for €1.4 billion in fiscal year 2010. Volkswagen plans to simultaneously transfer the purchased shares to a new co-investor, although this required the approval of the supervisory authorities at the reporting date. Approval was granted on January 12, 2010.
The other financial obligations also include the order volumes agreed with the purchaser of the gedas Group.
On December 9, 2009, Volkswagen AG and Suzuki Motor Corporation, Tokyo, signed a master agreement to begin a long-term strategic partnership. The transaction was subject to the approval of the relevant authorities, which was granted on January 15, 2010. The purchase price of €1.7 billion is included in other financial obligations.
