Nabaltec_E_GB2016

94 OTHER DISCLOSURES 7. OTHER DISCLOSURES 7.1 OTHER FINANCIAL LIABILITIES Liabilities arising from operating leases with the Group as lessee The Group has financial liabilities arising from rental and lease agreements. As of the reporting date, 31 December 2016, no lease agreements existed for various technical equipment and machinery within the context of a sale-and-lease-back transaction. The residual terms of all contracts are largely between 1 and 5 years. A total of EUR 693 thousand (year before: EUR 539 thousand) in expenses arising from rental and operating lease agreements were recognized in the current year. Total future minimum lease payments in connection with rental and operating lease contracts have the following maturities: in TEUR Minimum lease payments within 1 year Minimum lease payments, 1–5 years Minimum lease payments, over 5 years Total 12/31/2016 12/31/2015 651 992 0 1,643 471 462 113 1,046 Contingent liabilities and guarantees No material contingent liabilities, guarantees or other material litigation existed as of the reporting dates for which provisions have not yet been set aside. As of 31 December 2016, there were a total of EUR 4,423 thousand in obligations (year before: EUR 5,971 thousand) arising from investment orders. An investment plan was prepared on 9 November 2016 for the realization of a stand-alone solution for the US subsidiary Nashtec LLC. Nabaltec AG has committed to making funds available to implement the investment plan. The amount of the financial obligations will be as high as EUR 13,258 thousand (USD 14,000 thousand) and will extend through 31 December 2017. It is to be expected that these financial obligations will materialize in their full amount. S T N E M E T A T S L A I C N A N I F D E T A D I L O S N O C |||| Nabaltec AG | Annual Report 2016

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