Notes 31-36
31. Off-balance sheet commitments
| In millions of EUR | Total | Less than 1 Year |
1-5 Years |
More than 5 Years |
Total 2006 |
|---|---|---|---|---|---|
| Guarantees to banks for loans (by third parties) | 387 | 188 | 182 | 17 | 398 |
| Other guarantees | 138 | 27 | 94 | 17 | 116 |
| Guarantees | 525 | 215 | 276 | 34 | 514 |
| Lease & operational lease commitments | 281 | 48 | 127 | 106 | 242 |
| Property, plant and equipment ordered | 64 | 64 | – | – | 127 |
| Raw materials purchase contracts | 621 | 71 | 8 | 542 | 610 |
| Other off-balance sheet obligations | 460 | 186 | 175 | 99 | 267 |
| Off-balance sheet obligations | 1,426 | 369 | 310 | 747 | 1,246 |
| Committed bank facilities | 2,120 | 77 | 2,043 | – | 2,411 |
Heineken leases buildings, cars and equipment.
During the year ended 31 December 2007 €147 million (2006: €133 million) was recognised as an expense in the income statement in respect of operating leases and rent.
Other off-balance sheet obligations mainly include rental, service and sponsorship contracts.
Committed bank facilities are credit facilities on which commitment fee is paid as compensation for the bank’s requirement to reserve capital. The bank is obliged to provide the facility under the terms and conditions of the agreement.
Of the total guarantees, off-balance sheet obligations and committed bank facilities, an amount of €288 million is related to joint ventures.