[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).