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