Lease liabilities relate solely to finance lease obligations arising from sale-and-leaseback transactions for the funding of long-term leases with customers.
The amounts recognised as lease liabilities are based on the following data:
|
Minimum lease payments | ||
|
€ thousand |
2012 |
2011 |
|
|
|
|
|
Total minimum lease payments (gross) |
524,389 |
490,156 |
|
due within one year |
166,802 |
165,739 |
|
due in one to five years |
344,613 |
312,512 |
|
due in more than five years |
12,974 |
11,905 |
|
|
|
|
|
Present value of minimum lease payments |
475,015 |
446,789 |
|
due within one year |
145,830 |
146,728 |
|
due in one to five years |
316,761 |
288,506 |
|
due in more than five years |
12,424 |
11,555 |
|
|
|
|
|
Interest included in minimum lease payments |
49,374 |
43,367 |
