4.1 Commitments and contingencies
Lease commitments
Operating lease payments are charged to income (CHF 35.9 million in 2020/21 and CHF 36.0 million in 2019/20) on a straight-line basis over the lease term. The following table shows the future minimum lease payments resulting from non-cancellable operating leases:
CHF million |
| Financial year ended 30.06.2021 |
| Financial year ended 30.06.2020 |
Future payment commitments for operating leases |
| 103.5 |
| 118.8 |
Up to 1 year |
| 31.4 |
| 34.2 |
2 to 5 years |
| 60.6 |
| 62.7 |
Over 5 years |
| 11.5 |
| 21.9 |
Operating lease commitments mainly refer to the lease of buildings used for operational purposes.
Accounting principles
Operating lease agreements are lease agreements that do not qualify as finance leases and are not capitalized in the balance sheet.
Other commitments and contingencies
CHF million |
| Financial year ended 30.06.2021 |
| Financial year ended 30.06.2020 |
Current endorsement liabilities |
| 1.0 |
| 2.1 |
Investments committed to purchase from third parties: |
|
|
|
|
Property, plant, and equipment |
| 6.9 |
| 5.5 |
Intangible assets |
| 0.6 |
| 1.5 |