Note 45 Lease liabilities

Lease liabilities as at year-end 2023 were as follows:

€ million	Less than 1 year	Between 1 and 5 years	Over 5 years	Total
As at 31 December 2023
Future lease payments of the on-balance lease liabilities	21	51	47	119
Future finance expenses of the on-balance lease liabilities	-1	-3	-1	-5

Present value of the on-balance lease liabilities	20	48	46	114

As at 31 December 2022
Future lease payments of the on-balance lease liabilities	19	43	50	112
Future finance expenses of the on-balance lease liabilities	-1	-3	-1	-5

Present value of the on-balance lease liabilities	18	40	49	107

This relates to payables on account of leases for business premises and lease vehicles.

Besides the above lease liabilities, there was an undiscounted amount of €9 million in lease liabilities to which Alliander had committed but that had not yet started at year-end 2023, which concerned lease vehicles. At year-end 2022 this was €8 million.