[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
Future minimum lease payments |
091 |
|
in € million |
2017 |
2016 |
Total future minimum lease payments (gross) |
1,203.9 |
1,084.2 |
due within one year |
363.1 |
315.4 |
due in one to five years |
806.1 |
737.6 |
due in more than five years |
34.7 |
31.2 |
|
|
|
Present value of future minimum lease payments |
1,131.1 |
1,007.2 |
due within one year |
332.9 |
285.2 |
due in one to five years |
764.3 |
691.9 |
due in more than five years |
33.9 |
30.1 |
|
|
|
Interest included in future minimum lease payments |
72.8 |
77.0 |
Whereas lease liabilities stood at €1,131.1 million (31 December 2016: €1,007.2 million), lease receivables arising from sale and leaseback transactions amounted to €739.1 million (31 December 2016: €663.4 million) and leased assets under sale and leaseback transactions totalled €420.8 million (31 December 2016: €367.5 million).