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L. Leases
The Group has entered into various operating lease agreements for machinery, offices and other facilities as lessee. Lease terms do not contain restrictions on the Group’s activities concerning dividends, additional debt or further leasing. Rent expense amounts to EUR 15,763 thousand in 2005 and EUR 13,656 thousand in 2004 respectively.
Future lease payments under non-cancelable operating lease are as follows:
| (in
TEUR) |
2005 |
2004 |
|
|
|
|
|
| Next year |
5,780 |
4,260 |
|
| 1 year to 5 years |
11,940 |
8,587 |
|
| After 5 years |
2,444 |
4,203 |
|
| |
20,164 |
17,050 |
|
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|
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leases.htm
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