26 Rental and lease commitments
The commitments arising from operating leases are largely rental payments for buildings.
Commitments under non-cancellable operating leases:
CHF 1,000 | 2013 | 2014 |
Due date |
|
|
1st year | 6,809 | 7,565 |
2nd year | 5,835 | 5,568 |
3rd year | 3,890 | 2,982 |
4th year | 2,009 | 1,410 |
5th year | 1,100 | 691 |
6th year or beyond | 3,118 | 2,839 |
|
|
|
Balance at December 31 | 22,761 | 21,055 |
In financial year 2014, CHF 8.2 million (2013: CHF 7.9 million) were recognized as expenses for leases in the consolidated statement of profit or loss.
The Group did not enter into any finance lease contracts.