29. Off-balance sheet arrangements
29. Off-balance sheet arrangements
Contractual obligations and commitments
The Group entered into lease agreements for office and laboratories which qualify as operating leases. The Group also has certain purchase commitments with CRO subcontractors principally.
On 31 December 2014, the Group’s continuing operations had outstanding obligations for future minimum rent payments and purchase commitments, which become due as follows:
|
Payments due by period |
||||
(thousands of €) |
Total |
Less than 1 year |
1–3 years |
3–5 years |
More than 5 years |
Operating lease obligations |
35,030 |
3,759 |
8,517 |
5,931 |
16,823 |
Purchase commitments |
36,052 |
28,992 |
7,060 |
|
|
Total contractual obligations & commitments |
71,082 |
32,751 |
15,577 |
5,931 |
16,823 |