[30] Lease liabilities

Lease liabilities relate solely to finance lease obligations arising from sale and leaseback transactions for the funding of long-term leases with end customers.

The amounts recognised as lease liabilities (the present value of future minimum lease payments) are based on the following data: > TABLE 081

Minimum lease payments

081

in € million

2014

2013

Total minimum lease payments (gross)

768.2

683.8

due within one year

271.9

241.1

due in one to five years

475.9

425.6

due in more than five years

20.5

17.1

 

 

 

Present value of minimum lease payments

707.7

617.1

due within one year

246.0

213.3

due in one to five years

442.0

387.3

due in more than five years

19.7

16.4

 

 

 

Interest included in minimum lease payments

60.5

66.7

Whereas lease liabilities stood at €707.7 million (31 December 2013: €617.1 million), lease receivables arising from sale and leaseback transactions amounted to €490.6 million (31 December 2013: €431.4 million) and leased assets under sale and leaseback transactions totalled €230.5 million (31 December 2013: €201.2 million).