[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).