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NOTE 30
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OPERATING AND FINANCE LEASES
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The Group as lessor, operating leases
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The Group leases fixtures and equipment under operating leases. Essentially, equipment is rented out to Elopak's customers who use them in their own production.
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Specification of income on operating leases
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2015
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2014
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Total variable leases recognised as income
|
120 545
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110 555
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Total
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120 545
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110 555
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At the balance sheet date, the Group has contracted the following future minimum leases:
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2015
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2014
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Totally due next year
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115 552
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93 034
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Totally due in 2-5 years
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290 599
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282 959
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Totally due after 5 years
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48 428
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31 356
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Total
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454 579
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407 349
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The amounts have not been discounted.
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The Group as lessor, finance leases
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Specification of income from finance leases
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2015
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2014
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Total variable leases recognised as income
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13 013
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17 617
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Total income from finance leases
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13 013
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17 617
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Gross investment compared to the present value of outstanding minimum leases
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2015
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2014
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Gross receivables on lease agreements
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13 963
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17 617
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Finance income not yet earned
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- 1 719
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- 2 439
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Net investment from finance leases (present value)
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12 244
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15 178
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The Group as lessee, operating leases
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Specification of expenses on operating leases
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2015
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2014
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Total variable leases recognised as expenses
|
221 649
|
158 824
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Minimum leases (including fixed leases) recognised as expense
|
124 103
|
183 310
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Subleases recognised as cost reductions
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- 790
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- 171
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Total leasing costs
|
344 963
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341 963
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Due for payment
|
2015
|
2014
|
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Total costs next yeaar
|
357 735
|
338 231
|
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Total costs 2-5 years
|
981 547
|
947 479
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Total costs after 5 years
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988 847
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822 811
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Total
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2 328 128
|
2 108 521
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The amounts have not been discounted.
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Distribution of the same leasing obligation on leasing objects
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2015
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2014
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Buildings and land
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1 783 085
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1 799 654
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Machines and installations
|
404 968
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207 495
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Fixtures, vehicles and equipment
|
140 075
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101 372
|
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Total leasing obligations related to operating lease commitments
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2 328 128
|
2 108 521
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The Group as lessee, finance leasing
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Specification of leasing costs of the year
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2015
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2014
|
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Total variable leases recognised as expenses
|
2 100
|
6 610
|
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Total leasing costs
|
2 100
|
6 610
|
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Future minimum leases and corresponding present values, by due dates:
|
Minimum rent
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Calculated interest
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Present value
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Total due in one year
|
1 077
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25
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1 052
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Total due in year 2-5
|
131
|
8
|
123
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Total due after 5 years
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Total leasing obligations related to finance leasing
|
1 208
|
33
|
1 175
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Net carrying value of leased assets, by asset class
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2015
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2014
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Fixtures, vehicles and equipment
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5 235
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4 005
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Total carrying value of leased assets
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5 235
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4 005
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The fixed assets are also included in the tangible asset note (note 14).
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