34. Lease

34.1. Group as lessee

Operating lease

As at 31 December 2014 and as at 31 December 2013 the Group possessed non-cancellable operating lease agreements as a lessee (tenancy, rent), regard mainly the lease of tanks, petrol stations, means of transportation and computer equipment. Agreements include clauses concerning contingent rent payables and in most cases they can be extended.

The total lease payments, resulting from non-cancellable operating lease agreements recognized as expenses in 2014 and in 2013 amounted to PLN (83) million and PLN (86) million, respectively.

Future minimum lease payments under non-cancellable operating lease agreements:

 31/12/201431/12/2013
up to 1 year 76 78
from 1 to 5 years 254 256
above 5 years 488 554
  818 888

 

Finance lease

The Group as at 31 December 2014 and as at 31 December 2013 possessed the finance lease agreements as a lessee.

In concluded lease agreements, the general conditions of finance lease are effective, they do not contain any clauses concerning contingent rent payables, give the possibility to purchase the leased equipment and eventually can be extended.

  Present value of future minimum lease paymentsValue of future minimum lease payments
 NOTE31/12/201431/12/201331/12/2014
(restated data)
31/12/2013
(restated data)
up to 1 year   27 30 32 34
from 1 to 5 years   51 45 63 54
above 5 years   38 27 47 33
  26, 27 116 102 142 121

 

The difference between total value of future minimum lease payments and their present value results from discounting of lease payments by the interest rate implicit in the proper agreement.

Nat carrying amount of each class of property, plant and equipment in finance lease:

 31/12/201431/12/2013
(restated data)
Property, plant and equipment 157 154
Buildings and constructions 49 37
Machinery and equipment 62 58
Vehicles 45 58
Other 1 1

 

Disclosures required by IFRS 7 relating to finance lease are captured in note ‎32.1.

34.2. Group as lessor

As at 31 December 2014 and as at 31 December 2013 the Group did not posses any significant non-cancellable operating lease agreements as a lessor as well as any finance lease agreements as a lessor.