31 Commitments and Contingencies

Print

Other Financial Commitments
The Group has other financial commitments for promotion and advertising contracts, which mature as follows:

Financial Commitments for Promotion and Advertising
€ in millions
  Dec. 31
2007
  Dec. 31
2006
 
 
Within 1 year 443 364
Between 1 and 5 years 1,134 970
After 5 years 176 218
Total 1,753 1,552
   

Commitments with respect to advertising and promotion maturing after five years have remaining terms of up to 15 years from December 31, 2007.

Information regarding commitments under lease and service contracts is also included in these Notes.  see Note 22

Litigation
The Group is currently engaged in various lawsuits resulting from the normal course of business, mainly in connection with license and distribution agreements as well as competition issues. The risks regarding these lawsuits are covered by provisions when a reliable estimate of the amount of the obligation can be made.  see Note 16 In the opinion of Management, the ultimate liabilities resulting from such claims will not materially affect the consolidated financial position of the Group.

  • Print page
  • Save as PDF
  • Add to Cart
  • Recommend Page