20. Irrevocable facilities

These relate to the total liabilities in respect of irrevocable undertakings, which may lead to a further loan.

Other off-balance sheet liabilities

In addition to the contingent liabilities and irrevocable facilities reported on the balance sheet, the deposit guarantee scheme and the investor compensation scheme is applicable as stated in Article 3:259 of the Act on Financial Supervision.

Rental commitments

in thousands of EUR

  (XLS:) Download XLS

Location

Amount per annum

Residual term

 

 

 

Zeist, The Netherlands

548

44 months

Zeist, The Netherlands

175

12 months

Brussels, Belgium

585

87 months

Bristol, United Kingdom

792

171 months

Edinburgh, United Kingdom

41

33 months

Barcelona, Spain

154

22 months

Bilbao, Spain

13

3 months

La Coruna, Spain

57

20 months

Las Palmas, Spain

26

18 months

Madrid, Spain

18

3 months

Palma de Mallorca, Spain

89

40 months

Santa Cruz de Tenerife, Spain

53

30 months

Sevilla, Spain

23

3 months

Valencia, Spain

53

10 months

Valladolid, Spain

99

9 months

Zaragoza, Spain

14

6 months

Frankfurt, Germany

286

34 months

 

 

 

Lease commitments

in thousands of EUR

Lease commitments have been entered between 14 and 48 months with an annual charge of EUR 503.

Commitments for software use

in thousands of EUR

The following commitments have been entered for software use:

  • for a period of 36 months with an annual charge of EUR 10.
  • a fixed annual payment of EUR 27.
  • for a period of at least two years with an variable annual charge of approximately EUR 187.

Other commitments

In 2010 Triodos Bank signed a joint operating agreement with a real estate developer which was amended in 2011. The objective of this agreement is to build a new office building for Triodos Bank before the third quarter of 2016. At the end of 2011 Triodos Bank signed an agreement with a third party to purchase land before September 1, 2014. This purchase depends on meeting a number of specified conditions.