34.1. Group as lessee
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:
|up to 1 year||76||78|
|from 1 to 5 years||254||256|
|above 5 years||488||554|
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 payments||Value of future minimum lease payments|
|up to 1 year||27||30||32||34|
|from 1 to 5 years||51||45||63||54|
|above 5 years||38||27||47||33|
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:
|Property, plant and equipment||157||154|
|Buildings and constructions||49||37|
|Machinery and equipment||62||58|
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.