Notes to the consolidated accounts

25 Commitments and contingent liabilities

	€ million	€ million	€ million	€ million	€ million	€ million
	Future minimum lease payments	Finance cost	Present value	Future minimum lease payments	Finance cost	Present value
Long-term finance lease commitments	2007	2007	2007	2006	2006	2006
Buildings(a)	410	198	212	137	94	43
Plant and machinery	110	11	99	159	15	144
	520	209	311	296	109	187
The commitments fall due as follows:
Within 1 year	82	17	65	71	10	61
Later than 1 year but not later than 5 years	125	59	66	117	25	92
Later than 5 years	313	133	180	108	74	34
	520	209	311	296	109	187

(a) All leased land is classified as operating leases.

Long-term operating lease commitments					€ million 2007	€ million 2006
Land and buildings					1 328	1 257
Plant and machinery					335	360
					1 663	1 617

			€ million	€ million	€ million	€ million
Operating lease and other commitments fall due as follows			Operating leases 2007	Operating leases 2006	Other commit- ments 2007	Other commit- ments 2006
Within 1 year			363	342	646	471
Later than 1 year but not later than 5 years			859	875	955	781
Later than 5 years			441	400	152	528
			1 663	1 617	1 753	1 780

The Group has sublet part of the leased properties under operating leases. Future minimum sublease payments are not significant.

Other commitments principally comprise commitments under contracts to purchase materials and services. They do not include commitments for capital expenditure, which are reported in note 10.

The estimated total of our contingent liabilities at 31 December 2007 was €430 million (2006: €439 million). The principal components of the contingent liabilities relate to legal proceedings, obligations arising under environmental legislation. Guarantees issued by group companies at 31 December 2007 amounted to some €81 million (2006: €105 million), Included in this are discounted trade bills with value of €4 million (2006: €23 million). No individual contingent liability is significant. The fair value of guarantees is not material in either 2007 or 2006.

We are not involved in any legal or arbitration proceedings which might lead to material loss or expenditure in the context of the Group results. Similarly we do not have any material obligations under environmental legislation. None of our Directors of Officers is involved in any legal proceedings which are material as aforesaid. Nonetheless, we give further information in About Unilever about certain current legal proceedings.