33 Obligations related to operating leases

As part of the move to outsource some standardised IT services, IT hardware was obtained under an operating lease.

The relevant contracts had a term of three years up to 2011 and were extended by Repower for a further year. Future minimum lease payments amount to CHF 2.7 million (previous year: CHF 3 million), of which CHF 1.7 million (previous year: CHF 1.6 million) falls due within one year.