[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 085
Minimum lease payments |
085 |
|
in € million |
2015 |
2014 |
Total minimum lease payments (gross) |
922.1 |
768.2 |
due within one year |
266.0 |
271.9 |
due in one to five years |
625.6 |
475.9 |
due in more than five years |
30.5 |
20.5 |
|
|
|
Present value of minimum lease payments |
855.6 |
707.7 |
due within one year |
237.9 |
246.0 |
due in one to five years |
587.9 |
442.0 |
due in more than five years |
29.7 |
19.7 |
|
|
|
Interest included in minimum lease payments |
66.5 |
60.5 |
Whereas lease liabilities stood at €855.6 million (31 December 2014: €707.7 million), lease receivables arising from sale and leaseback transactions amounted to €592.0 million (31 December 2014: €490.6 million) and leased assets under sale and leaseback transactions totalled €285.9 million (31 December 2014: €230.5 million).