Gschäftsbericht 2018

Galenica financial statements 2018 | 125 Finance Notes to the consolidated financial statements of the Galenica Group 29. Lease liabilities Accounting principles Galenica has not entered into leases under which Galenica assumes substantially all the risks and rewards of ownership. All leases are treated as operating leases. Lease payments are recognised on a straight-line basis directly as operating costs. The table below summarises the maturity profile of future minimum lease payments under non-cancellable operating leases (undiscounted): in thousand CHF 2018 2017 Within 1 year 49,753 48,290 In 2 to 5 years 127,401 124,965 In more than 5 years 17,886 21,089 Total 195,040 194,344 Operating leases essentially consist of payment obligations under rental contracts. 30. Subsequent events The following transactions occurred between 31 December 2018 and 5 March 2019, the date on which the consolidated financial statements 2018 were released for publication. Acquisition of pharmacies. Galenicare Holding acquired 100% of the interests in pharmacies at various locations in Switzer- land. The net assets of these acquisitions will be consolidated for financial year 2019 from the date control was obtained. The purchase consideration was CHF 26.7 million, the fair value of the provisional net assets resulting from these additions was estimated at CHF 11.4 million at the acquisition date. There were no further significant events after the reporting date.