| (i) | Lease and other commitments |
The Company has entered into rental agreements for premises as well as into leases for vehicles and the use of licenses. These agreements have an average non-cancellable term of between one and four years with renewal options included in some contracts. In 2017, lease expenses of €472 and license fees of €174 have been recognized in consolidated statement of comprehensive income (2016: €409 and €405; 2015: €356 and €278).
Future minimum lease payment obligations under non-cancellable operating leases as of the reporting date are as follows:
| 2016 | 2017 | |||||||
| Within one year | 700 | 470 | ||||||
| Between one and five years | 541 | 363 | ||||||
| 1,241 | 833 | |||||||
| (i) | Contingencies |
Affimed has entered into various license agreements that contingently trigger payments upon achievement of certain milestones and royalty payments upon commercialization of a product in the future.