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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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2016
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2015
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Total variable leases recognised as income
|
135 652
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120 545
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Total
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135 652
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120 545
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At the balance sheet date, the Group has contracted the following future minimum leases:
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2016
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2015
|
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Totally due next year
|
109 714
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115 552
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Totally due in 2-5 years
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272 452
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290 599
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Totally due after 5 years
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19 354
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48 428
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Total
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401 520
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454 579
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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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2016
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2015
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Total variable leases recognised as income
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15 859
|
13 013
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Total income from finance leases
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15 859
|
13 013
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Gross investment compared to the present value of outstanding minimum leases
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2016
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2015
|
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Gross receivables on lease agreements
|
15 510
|
13 963
|
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Finance income not yet earned
|
- 963
|
-1 719
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Net investment from finance leases (present value)
|
14 547
|
12 244
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The Group as lessee, operating leases
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Specification of expenses on operating leases
|
2016
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2015
|
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Total variable leases recognised as expenses
|
217 778
|
221 649
|
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Minimum leases (including fixed leases) recognised as expense
|
220 344
|
124 103
|
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Subleases recognised as cost reductions
|
48 145
|
- 790
|
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Total leasing costs
|
486 267
|
344 962
|
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Due for payment
|
2016
|
2015
|
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Total costs next year
|
361 215
|
357 735
|
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Total costs 2-5 years
|
1 052 342
|
981 547
|
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Total costs after 5 years
|
1 036 356
|
988 857
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Total
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2 449 913
|
2 328 139
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The amounts have not been discounted.
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Distribution of the same leasing obligation on leasing objects
|
2016
|
2015
|
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Buildings and land
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1 952 979
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1 783 085
|
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Machines and installations
|
339 075
|
404 968
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Fixtures, vehicles and equipment
|
157 859
|
140 075
|
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Total leasing obligations related to operating lease commitments
|
2 449 913
|
2 328 128
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The Group as lessee, finance leasing
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Specification of leasing costs of the year
|
2016
|
2015
|
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Total variable leases recognised as expenses
|
481
|
2 100
|
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Total leasing costs
|
481
|
2 100
|
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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
|
574
|
139
|
435
|
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Total due in year 2-5
|
1 958
|
299
|
1 658
|
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Total due after 5 years
|
513
|
33
|
480
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Total leasing obligations related to finance leasing
|
3 045
|
471
|
2 574
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Net carrying value of leased assets, by asset class
|
2016
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2015
|
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Fixtures, vehicles and equipment
|
2 574
|
5 235
|
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Total carrying value of leased assets
|
2 574
|
5 235
|
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The fixed assets are also included in the tangible asset note (note 14).
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