Note 33 - Contractual obligations
Les tableaux ci-après présentent la synthèse des obligations contractuelles du Groupe. À l’exception de certains passifs financiers, les décaissements futurs sont exprimés en valeur nominale non actualisée.
| Payments expected | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Within 1 year | 1 to 5 years | Beyond 5 years |
31 Dec. 2019 | 31 Dec. 2018 | |||||
| Bonds and bank loans (net of derivatives) | 13 | 1,187 | 562 | 1,763 | 1,486 | ||||
| Other debt | 524 | 75 | 13 | 612 | 591 | ||||
| Other non-current financial liabilities | 8 | 10 | 19 | 37 | 224 | ||||
| Trade payables | 1,249 | - | - | 1,249 | 1,189 | ||||
| Currency swaps | 10 | - | - | 10 | 4 | ||||
| Other current financial liabilities | 1,199 | - | - | 1,199 | 1,448 | ||||
| Total financial liabilities | 3,003 | 1,272 | 594 | 4,870 | 4,942 | ||||
| Expected bank interest on debt(*) | 22 | 122 | 23 | 167 | 108 | ||||
| Commitments for future capital expenditure | - | - | - | - | 2 | ||||
| Total contractual obligations excluding lease liabilities | 3,025 | 1,394 | 617 | 5,037 | 5,052 | ||||
(*) Variable-rate interest payable has been calculated based on the rates in force at 31 December 2019. It is reported excluding accrued interest already included in debt in the balance sheet.
The lease liability repayment schedule is presented separately in note 18.
Guaranteed minimum payments
Besides these contractual obligations, entities in the Sports and Entertainment division are bound by guaranteed minimum payments on long-term contracts for the sale of TV and marketing rights. These obligations represented a total amount of €172 million at 31 December 2019.
These payments break down as follows by maturity:
| Maturity | 2019 | 2020 | 2021 | 2022 | 2023 | Beyond 5 years |
Total 31 Dec. 2019 |
Total 31 Dec. 2018 |
|
|---|---|---|---|---|---|---|---|---|---|
| Guaranteed minimum payments under sports rights marketing contracts |
120 | 19 | 13 | 8 | 6 | 6 | 172 | 981 | |
Lagardère Travel Retail
In accordance with IFRS 16, minimum guaranteed payments under concession agreements give rise to the recognition of a right-of-use asset and lease liability in the balance sheet (see note 1.1).
Sports rights marketing contracts
Entities forming part of Lagardère Sports and Entertainment have signed marketing contracts with broadcasters and partners. At 31 December 2019, the amounts due under these contracts totalled €776 million, breaking down as follows by maturity:
| Maturity | 2019 | 2020 | 2021 | 2022 | 2023 | Beyond 5 years |
Total 31 Dec. 2019 |
Total 31 Dec. 2018 |
|
|---|---|---|---|---|---|---|---|---|---|
| Sports rights marketing contracts signed with broadcasters and partners |
337 | 176 | 95 | 62 | 48 | 58 | 776 | 1,513 | |