english - About Heraeus

78
otHeR disClosURes
Contingent liabilities
No provisions are formed for the following contingent liabilities recognized at nominal
value because the occurrence of risk is estimated as remote:
in € million deC. 31, 2012 deC. 31, 2011
Notes endorsed and discounted 0.7 1.1
Guarantees/Other contingent liabilities – 4.6
Total 0.7 5.7
Other financial commitments
Other financial commitments comprise the following as of the balance sheet date:
Due in
2013
Due from
2014 to 2017
Due from
2018
Due in
2012
Due in
2012
Due from
2013 to 2016
Due from
2017 Total
in € million deC. 31, 2012 deC. 31, 2011
Future payments from
operating lease agreements 22.3 34.4 10.3 67.0 20.5 33.2 12.6 66.3
Commitments for investments in
property, plant, and equipment 47.0 – – 47.0 12.4 – – 12.4
Other financial commitments 69.3 34.4 10.3 114.0 32.9 33.2 12.6 78.7
Commitments from rental, tenancy, and operating lease agreements result from operating
leases for land, buildings, plants, machinery, office, and other equipment.
For the purposes of precious metal supplies, among other things, Heraeus enters into precious
metal loans as both a lender and a borrower. Within the loan transaction, the lender
provides the borrower with a fixed quantity of a precious metal for a certain period of time
and in return receives interest for the provision of the precious metal. In the Heraeus
Group, precious metal loans are generally entered into for a period of up to 12 months.
As a borrower, Heraeus is not required to report the borrowed precious metals or the associated
obligation to return them in the balance sheet.
As of the balance sheet date, precious metals with a market value of € 293.8 million (previous
year: € 468.0 million) were on loan from third parties.