SYT » Topics » 29. Commitments and contingencies

This excerpt taken from the SYT 20-F filed Mar 1, 2006.

29. Commitments and contingencies

Commitments arising from fixed-term non-cancellable operating leases in effect at December 31, 2005 are as follows:

(US$ million)   Minimum
lease
payments
payable
  Minimum
Rentals
receivable





  2006   20   10
  2007   16   6
  2008   11   4
  2009   9   4
  2010   7   4
  Thereafter   27   5





Total   90   33





Rentals receivable relate to leases of freehold buildings. Operating lease payments relate to leases of buildings and office equipment.

(US$ million)   2005   2004   2003







Operating lease expense   28   26   29







Commitments for the purchase of property, plant and equipment at December 31, 2005 were US$22 million.

As of December 31, 2005, Syngenta had entered into the following long-term commitments to purchase minimum quantities of certain raw materials. Syngenta has entered into long term research agreements with various institutions to fund various research projects and other commitments. The approximate payments committed are payable as follows:

(US$ million)   Materials
purchases
  Research   Other







  2006   251   37   23
  2007   162   22   2
  2008   136   12   2
  2009   82   6  
  2010   52    
  Thereafter   45    







Total   728   77   27







Materials purchases in 2005 according to these commitments were US$271 million.

This excerpt taken from the SYT 20-F filed Mar 16, 2005.

29. Commitments and contingencies


Leasing commitments     Minimum lease
payments
payable
  Minimum
Rentals
receivable

Commitments arising from fixed-term non-cancellable operating leases      
     in effect at December 31, 2004 are as follows:      
  2005   13   9  
  2006   10   2  
  2007   8   2  
  2008   6   1  
  2009   6   1  
  Thereafter   29    

Total     72   15  


Rentals receivable relate to leases of freehold buildings. Operating lease payments relate to leases of buildings and office equipment.


(US$ million)   2004   2003   2002  

Operating lease expense   26   29   30  

Commitments for the purchase of property, plant and equipment at December 31, 2004 were US$29 million.

As of December 31, 2004, Syngenta had entered into the following long-term commitments to purchase minimum quantities of certain raw materials. Syngenta has entered into long-term research agreements with various institutions to fund various research projects and other commitments. The approximate payments committed are payable as follows:


(US$ million)   Materials
purchases
  Research   Other  

   2005   210   27   7  
   2006   122   24   4  
   2007   110   22   2  
   2008   85   4   2  
   2009   75   1   1  
   Thereafter   82   1    

Total   684   79   16  

Materials purchases in 2004 according to these commitments were US$131 million.

EXCERPTS ON THIS PAGE:

20-F
Mar 1, 2006
20-F
Mar 16, 2005
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