The Group and its subsidiaries have entered into various operating lease agreements for machinery, offices and other facilities as lessees. Lease terms do not contain restrictions on the Group’s activities concerning dividends, additional debt or further leasing. Rent expense amounts to EUR 13,656 thousand in 2004 and EUR 11,420 thousand in 2003 respectively.

Future lease payments under non-cancelable operating lease are as follows:

(in TEUR)	2004	2003
Next year	4,260	3,174
1 year to 5 years	8,587	11,147
After 5 years	4,203	20
	17,050	14,341

leases.htm

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