29. Other financial commitments
|in € thousand||9/30/2016||9/30/2015|
|Capital expenditure commitments||41,126||39,807|
|Obligations under long-term contracts||164,598||179,430|
|Contingent liabilities under discounted bills||1,016||1,289|
|Certain prior-year figures have been adjusted.|
The capital expenditure commitments mainly related 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, 2016, lease commitments under operating leases amounted to € 30,497 thousand (previous year: € 27,096 thousand). These are due as follows:
|in € thousand||less than 1 year||1 to 5 years||more than
|Commitments under operating leases||8,174||13,170||9,153||30,497|
|Commitments under operating leases||8,321||11,501||7,274||27,096|
Lease payments in fiscal year 2015/16 recognized as expense amounted to € 7,658 thousand (previous year: € 7,785 thousand).