27. Off-balance sheet arrangements
27. Off-balance sheet arrangements
Contractual obligations and commitments
We entered into lease agreements for office and laboratories which qualify as operating leases. We also have certain purchase commitments with CRO subcontractors principally.
On 31 December 2016, we had outstanding obligations for future minimum rent payments and purchase commitments, which become due as follows:
(thousands of €) |
Total |
Less than 1 year |
1–3 years |
3–5 years |
More than 5 years |
Operating lease obligations |
27,263 |
4,114 |
6,494 |
5,504 |
11,151 |
Purchase commitments |
27,579 |
27,084 |
495 |
– |
– |
Total contractual obligations & commitments |
54,842 |
31,198 |
6,989 |
5,504 |
11,151 |