[31] 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 091
Minimum lease payments |
091 |
|
in € million |
2016 |
2015 |
Total minimum lease payments (gross) |
1,084.2 |
922.1 |
due within one year |
315.4 |
266.0 |
due in one to five years |
737.6 |
625.6 |
due in more than five years |
31.2 |
30.5 |
|
|
|
Present value of minimum lease payments |
1,007.2 |
855.6 |
due within one year |
285.2 |
237.9 |
due in one to five years |
691.9 |
587.9 |
due in more than five years |
30.1 |
29.7 |
|
|
|
Interest included in minimum lease payments |
77.0 |
66.5 |
Whereas lease liabilities stood at €1,007.2 million (31 December 2015: €855.6 million), lease receivables arising from sale and leaseback transactions amounted to €663.4 million (31 December 2015: €592.0 million) and leased assets under sale and leaseback transactions totalled €367.5 million (31 December 2015: €285.9 million).