[31] Lease liabilities
Lease liabilities relate solely to finance lease obligations arising from sale and leaseback sub-lease transactions entered into up to 31 December 2017 for the financing of long-term leases with end customers.
Whereas lease liabilities stood at €740.6 million (31 December 2017: €1,131.1 million), lease receivables arising from sale and leaseback sub-lease transactions entered into up to 31 December 2017 amounted to €514.3 million (31 December 2017: €739.2 million) and leased assets under sale and leaseback sub-lease transactions totalled €268.6 million (31 December 2017: €419.7 million).
The amounts recognised as lease liabilities (the present value of future lease payments) are based on the maturities shown in > TABLE 099.
Maturity analysis of lease liabilities |
099 |
|
in € million |
2018 |
2017 |
Total future lease payments (gross) |
801.6 |
1,203.9 |
due within one year |
291.5 |
363.1 |
due in one to two years |
217.5 |
359.4 |
due in two to three years |
158.9 |
255.3 |
due in three to four years |
94.4 |
148.5 |
due in four to five years |
30.0 |
42.9 |
due in more than five years |
9.4 |
34.7 |