Commitments

At 31 December 2014, commitments with suppliers to purchase property, plant and equipment and provide services relating to investments in property, plant and equipment and intangible assets under construction totalled €1,512 million (€1,675 million at 31 December 2013).

Other commitments (€57 million) relate mainly to portfolio operations in the distribution segment (€47 million) and to future minimum payments for non-cancellable operating leases (€6 million, of which €4 million maturing within the next year and €2 million between one and five years).

With reference to TAG GmbH, the contractual agreements drawn up between Snam, TAG and Gas Connect Austria GmbH (GCA) stipulate that if TAG is not capable of self-financing, the other companies must finance it according to the equity investment held.