Other financial obligations comprise the following:
| XLS |
EUR million |
Dec. 31, 2010 |
thereof subsidiaries |
Dec. 31, 2009 |
thereof subsidiaries |
Obligations to acquire intangible assets |
1,003.6 |
– |
1,207.5 |
– |
Orders for capital expenditure on property, plant and equipment |
179.2 |
– |
211.0 |
– |
Future operating lease payments |
208.8 |
– |
133.3 |
– |
Long-term purchase commitments |
315.2 |
– |
326.6 |
– |
Other financial obligations |
18.2 |
– |
18.6 |
– |
|
1,725.0 |
– |
1,897.0 |
– |
Obligations to acquire intangible assets exist in particular within the scope of research and development collaborations. Here Merck has obligations to make milestone payments when its partner achieves certain objectives. In the unlikely event that all contract partners achieve all milestones, Merck would be obligated to pay up to EUR 1,003.6 million (2009: EUR 1,207.5 million) for the acquisition of intangible assets.
The possible maturities of these obligations are as follows:
| XLS |
EUR million as of Dec. 31, 2010 |
potential due date in 1 year |
potential due date in |
potential due date over 5 years |
Total |
Obligations to acquire intangible assets |
32.9 |
219.3 |
751.4 |
1,003.6 |
|
|
|
|
|
EUR million as of Dec. 31, 2009 |
potential due date in 1 year |
potential due date in |
potential due date over 5 years |
Total |
Obligations to acquire intangible assets |
60.4 |
309.1 |
838.0 |
1,207.5 |
Other financial obligations are carried at nominal value. Liabilities from lease agreements are composed as follows:
| XLS |
EUR million as of Dec. 31, 2010 |
Remaining maturity less than 1 year |
Remaining maturity 1 to 5 years |
Remaining maturity more than 5 years |
Total |
Present value of future payments from finance leases |
1.8 |
3.0 |
2.3 |
7.1 |
Interest component of finance leases |
0.3 |
0.3 |
– |
0.6 |
Future finance lease payments |
2.1 |
3.3 |
2.3 |
7.7 |
|
|
|
|
|
Future operating lease payments |
50.3 |
130.3 |
28.2 |
208.8 |
|
|
|
|
|
EUR million as of Dec. 31, 2009 |
Remaining maturity less than 1 year |
Remaining maturity 1 to 5 years |
Remaining maturity more than 5 years |
Total |
Present value of future payments from finance leases |
1.8 |
8.6 |
– |
10.4 |
Interest component of finance leases |
0.1 |
0.4 |
– |
0.5 |
Future finance lease payments |
1.9 |
9.0 |
– |
10.9 |
|
|
|
|
|
Future operating lease payments |
25.1 |
70.8 |
37.4 |
133.3 |
Operating lease agreements relate mainly to market-typical leasing arrangements to lease operating and office equipment.