40 Other financial obligations
|
|
PAYABLE |
|
PAYABLE |
|
PAYABLE |
|
TOTAL |
|---|---|---|---|---|---|---|---|---|
€ million |
|
2022 |
|
2023 – 2026 |
|
from 2027 |
|
Dec. 31, 2021 |
|
|
|
|
|
|
|
|
|
Purchase commitments in respect of |
|
|
|
|
|
|
|
|
property, plant and equipment |
|
6,146 |
|
1,220 |
|
2 |
|
7,368 |
intangible assets |
|
1,823 |
|
501 |
|
– |
|
2,324 |
investment property |
|
15 |
|
– |
|
– |
|
15 |
|
|
|
|
|
|
|
|
|
Obligations from loan commitments and irrevocable credit commitments |
|
14,560 |
|
127 |
|
47 |
|
14,734 |
Obligations from leasing and rental contracts |
|
324 |
|
271 |
|
178 |
|
774 |
|
|
|
|
|
|
|
|
|
Miscellaneous other financial obligations |
|
3,976 |
|
3,553 |
|
1,956 |
|
9,485 |
|
|
26,844 |
|
5,673 |
|
2,183 |
|
34,700 |
|
|
PAYABLE |
|
PAYABLE |
|
PAYABLE |
|
TOTAL |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|
€ million |
|
2021 |
|
2022 – 2025 |
|
from 2026 |
|
Dec. 31, 2020 |
|||
|
|
|
|
|
|
|
|
|
|||
Purchase commitments in respect of |
|
|
|
|
|
|
|
|
|||
property, plant and equipment |
|
6,402 |
|
1,037 |
|
– |
|
7,438 |
|||
intangible assets |
|
1,225 |
|
107 |
|
– |
|
1,332 |
|||
investment property |
|
6 |
|
– |
|
– |
|
6 |
|||
|
|
|
|
|
|
|
|
|
|||
Obligations from loan commitments and irrevocable credit commitments1 |
|
11,660 |
|
72 |
|
6 |
|
11,739 |
|||
Obligations from leasing and rental contracts |
|
313 |
|
265 |
|
167 |
|
746 |
|||
|
|
|
|
|
|
|
|
|
|||
Miscellaneous other financial obligations |
|
6,291 |
|
2,160 |
|
575 |
|
9,026 |
|||
|
|
25,897 |
|
3,641 |
|
748 |
|
30,286 |
|||
|
|||||||||||
Other financial obligations include an amount of €0.7 billion for investments to which the Group has committed itself, both in the infrastructure for zero-emission vehicles and in initiatives to promote access to and awareness of these technologies. These commitments were made as part of the settlement agreements in the USA in connection with the diesel issue.
In the previous year, this item reflected the payment of the purchase price for the acquisition of all of Navistar’s outstanding shares totaling around USD 3.7 billion.
The rise in the remaining other financial obligations is mainly attributable to obligations under development and supply contracts.
In addition to the other financial obligations shown in the table, purchase commitments exist for inventories with a short turnover period, which arise primarily from the Master Collaboration Agreement with Ford Motor Company for the joint development of vans and mid-sized pickups for the global market.