[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).