28. Other financial commitments
|in € thousand||9/30/2015||9/30/2014|
|Capital expenditure commitments||9,097||8,843|
|Obligations under long-term contracts||179,430||187,336|
|Contingent liabilities under
|Certain prior-year figures have been adjusted as at 9/30/2014 (see Changes in accounting and measurement methods due to new standards and interpretations).|
The capital expenditure commitments relate exclusively to property, plant and equipment.
Obligations under long-term contracts are mainly related to the provision of transport and handling services by various service providers.
In addition, an agreement has been concluded with an energy utility for the cost-based procurement of one billion kilowatt hours of electricity per annum over a term of 30 years commencing in 2010. The payments are based on price and performance components as well as a contribution to the investment costs of a power plant. Furthermore, the Group has long-term oxygen supply contracts in place for various sites.
Financial commitments under leases
As at September 30, 2015, lease commitments under operating leases amounted to € 27,096 thousand (previous year: € 25,703 thousand). These are due as follows:
|in € thousand||less than 1 year||1 to 5 years||more than
|Commitments under operating leases||8,321||11,501||7,274||27,096|
|Commitments under operating leases||7,407||10,109||8,187||25,703|
|Prior-year figures have been adjusted as at 9/30/2014 (see Changes in accounting and measurement methods due to new standards and interpretations.).|
Lease payments in fiscal year 2014/15 recognized as expense amounted to € 7,785 thousand (previous year: € 7,366 thousand).