[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).