2007 - Pinguely Haulotte
2007 - Pinguely Haulotte
2007 - Pinguely Haulotte
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<strong>2007</strong><br />
annual report # p129-130<br />
Statutory accounts - Notes to the balance sheet<br />
19.2 OTHER COMMITMENTS<br />
Commitments to cover lease payments<br />
The Company has given commitments to financial institutions guaranteeing lease payments in the event of customer default.<br />
€ thousands 31/12/<strong>2007</strong> 31/12/2006<br />
< 1 year 13 014 9 156<br />
1 - 5 years 24 682 17 148<br />
> 5 years 43<br />
Total 37 696 26 347<br />
Risk pool<br />
<strong>Haulotte</strong> Group SA has given a warranty limited to a certain percentage of the sales volume generated by financial institutions that<br />
lease <strong>Haulotte</strong> Group S.A. platforms to their final customers. The amounts as off-balance sheet commitments include the share of lease<br />
payments outstanding by end customers for which <strong>Haulotte</strong> Group SA has stood guarantee. The breakdown is as follows :<br />
- K€1 091 given to <strong>Haulotte</strong> Polska<br />
- K€15 913 given to <strong>Haulotte</strong> Ibérica<br />
- K€3 165 given to <strong>Haulotte</strong> UK<br />
- K€15 given to <strong>Haulotte</strong> GMBH<br />
- K€202 given to <strong>Haulotte</strong> Netherlands<br />
- K€4 912 given to <strong>Haulotte</strong> USA<br />
- K€1 764 given to <strong>Haulotte</strong> Australia<br />
€ thousands 31/12/<strong>2007</strong> 31/12/2006<br />
< 1 year 8 664 8 886<br />
1 - 5 years 18 663 20 558<br />
> 5 years 216<br />
Total 27 327 29 663<br />
Repurchase commitments given to institutions providing financing to customers<br />
The company as given commitments to financial institution to substitute for customers that do not exercise their purchase option :<br />
- K€597 were given to <strong>Haulotte</strong> France<br />
- K€7 303 were given to <strong>Haulotte</strong> Ibérica<br />
- K€36 were given to <strong>Haulotte</strong> Polska<br />
€ thousands 31/12/<strong>2007</strong> 31/12/2006<br />
< 1 year 1 113 652<br />
1 - 5 years 7 025 611<br />
> 5 years 90<br />
Total 8 228 1 263<br />
19.3 DEBT GUARANTEED BY COLLATERAL<br />
€ thousands 31/12/<strong>2007</strong> 31/12/2006<br />
Bank borrowings<br />
Pledges of the business assets, equipment and shareholdings in <strong>Haulotte</strong> UK 80 407 80 018