Notes forming part of the financial statements


25. COMMITMENTS

(a) Capital commitments

At the year end, the following capital commitments authorised by the Board had not been provided for in the financial statements:-


2020

2019


€m

€m

Contracted

2.3

3.8

Not contracted

7.7

15.7


10.0

19.5

The contracted capital commitments at 29 February 2020 primarily relate to an improved drainage system and waste water treatment plant in Clonmel amounting to €1.4m (2019: €0.7m), a waste water treatment plant in Wellpark of €0.7m (2019: €2.1m) and other of €0.2m (2019: €1.0m).

(b) Other commitments

At the year end, the value of contracts placed for future expenditure was:-


2020


Apples

Glass

Marketing*

Barley

Aluminium

Polymer

Wheat

Sugar/ glucose

Natural gas

Electricity

Total**


€m

€m

€m

€m

€m

€m

€m

€m



€m

Payable in less than one year

8.1

4.7

7.6

7.6

0.8

0.3

0.9

7.5

0.3

0.1

37.9

Payable between 1 and 5 years

13.3

-

6.4

14.8

-

-

-

-

-

-

34.5

Payable greater than 5 years

23.6

-

-

-

-

-

-

-

-

-

23.6


45.0

4.7

14.0

22.4

0.8

0.3

0.9

7.5

0.3

0.1

96.0

* An element of committed marketing spend is now deemed to be onerous in light of COVID-19 (note 5).

** Commitment obligations range from between 1 year to 25 years.


2019


Apples

Glass

Marketing

Barley

Aluminium

Polymer

Wheat

Sugar/ glucose

Natural gas

Electricity

Total*


€m

€m

€m

€m

€m

€m

€m

€m



€m

Payable in less than one year

7.6

3.0

4.2

7.8

0.6

0.2

0.9

7.9

-

0.7

32.9

Payable between 1 and 5 years

11.7

-

3.4

17.9

-

-

-

-

-

-

33.0

Payable greater than 5 years

23.0

-

-

-

-

-

-

-

-

-

23.0


42.3

3.0

7.6

25.7

0.6

0.2

0.9

7.9

-

0.7

88.9

* Commitment obligations range from between 1 year to 26 years.