30 Obligations related to operating leases

In the year under review, IT hardware was obtained under an operating lease as part of the move to outsource some standardised IT services. The relevant contracts have a term of three years with the option for the Repower Group to extend for a further three years. A purchase option applies in the event of premature contract termination. Future minimum lease payments for the residual contract term amount to CHF 3 million (previous year: CHF 2.4 million), of which CHF 1.6 million (previous year: CHF 1.2 million) falls due within one year.