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3.17 Further details of tangible and intangible assets
The remaining tangible fixed assets stated at cost as of 31 December 2020 in note 3.15 consist mainly of furniture and fixtures in the amount of CHF 12,140,000 (2019: CHF 10,927,000) and IT systems (hardware) in the amount of CHF 6,666,000 (2019: CHF 7,940,000). As of 31 December 2020, commitments entered into for the purchase of tangible fixed assets amount to CHF 8,242,000 (2018: CHF 834,000), mostly relating to the construction of a new production facility and an office building for the Industrial Systems Division.
In the 2020 and 2019 financial years, no bank borrowings were secured on land and buildings. Lease rentals amounted to CHF 8,252,000 (2019: CHF 8,858,000), while CHF 275,000 (2019: CHF 328,000) was related to other leased tangible assets.