TUI Aktiengesellschaft
http://www.tui-group.com/en/ir/reports/interim_reports_2008/2nd_quarter_2008/financial_statements/other_financial_commitments.html
Financial Statements Other Financial Commitments

Financial Statements Other Financial Commitments

Financial commitments from operating lease, rental and charter contracts declined to € 5.0 billion at the end of the first half of the 2008 financial year, down from € 5.3 billion as at 31 December 2007. The fair value decreased from € 4.3 billion to € 4.1 billion. Of this total, container shipping accounted for € 2.1 billion (nominal value) or € 1.7 billion (fair value).

The remaining other financial commitments overall rose slightly to € 4.2 billion as at the end of the first half of 2008, up from € 4.1 billion as at the end of the previous financial year. While order commitments in respect of capital expenditure in­creased by € 0.2 billion to € 3.6 billion due to the ordering of six new container ship builds with a capacity of 8,750 TEU each, less the ships delivered in the 2008 financial year, other financial commitments only declined slightly. The fair value of the remain­ing other financial liabilities declined from € 3.6 billion to € 3.5 billion for maturity-related reasons. As at 30 June 2008, order commitments in respect of capital expenditure in container shipping had a nominal value of € 0.8 billion (fair value: € 0.7 billion).

Order commitments for tourism services were no longer shown as of the 2007 financial year, in line with customary industry practice. The previous year’s figures were restated accordingly.