31. Contingencies and commitments
The total liabilities for obligations entered into for construction contracts, rental and lease instalments stood at €319 million at year-end (2020: €220 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 | 157 |
Due between 1 and 5 years | 162 |
Total | 319 |
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.