31. Contingencies and commitments
The total liabilities for obligations entered into for construction contracts, rental and lease instalments stood at €220 million at end-2020 (2019: €164 million). Rental and lease instalment liabilities are accounted for under Lease liabilities. Vesteda has not provided security for these liabilities. The liabilities can be specified as follows:
Construction contracts | |
Due within 1 year | 92 |
Due between 1 and 5 years | 128 |
Total | 220 |
As part of the provisions in Note 23 are applicable to the future investment portfolio, the liabilities have also been adapted for the commitments related to the future investment portfolio.