111 / 144
27 Other liabilities
CHF million
31.12.2016 31.12.2015
Advance payments from customers
20.2
18.5
Other payables
11.3
1.4
Total non-current portion
31.5
19.9
Advance payments from customers
55.4
44.3
Accrued holidays and overtime
13.3
10.4
Accrued expenses
52.3
50.1
Non-income tax payables
19.3
18.5
Fair value of derivative financial instruments
–
1.8
Other payables
24.2
23.0
Total current portion
164.5
148.1
28 Other commitments
Some Group companies rent factory and office space under operating lease agreements. The leases
have varying terms, escalation clauses and renewal rights.
The future, cumulated minimum lease payments for operating leases are due as follows:
CHF million
31.12.2016 31.12.2015
Less than 1 year
29.2
24.8
1 to 5 years
74.4
70.4
Thereafter
69.8
59.8
Total
173.4
154.9
In the reporting period, CHF 37.9 million was charged to the income statement as operating leasing
expenses (2015: CHF 32.6 million).
At year-end, open commitments for large investments in tangible assets summed up to CHF 38.2 million
(2015: CHF 29.3 million).
29 Contingent liabilities
There are no single matters pending that Autoneum expects to be material in relation to the Group’s
business, financial position or results of operations.
107
Autoneum
Financial Report 2016
Consolidated Financial Statements