Note 45 Finance lease payables
Lease liabilities as at year-end 2024 were as follows:
|
€ million |
Less than 1 year |
Between 1 and 5 years |
Over 5 years |
Total |
|
As at 31 December 2024 |
||||
|
Future lease payments of the on-balance lease liabilities |
23 |
63 |
43 |
129 |
|
Future finance expenses of the on-balance lease liabilities |
-1 |
-2 |
-1 |
-4 |
|
Present value of the on-balance lease liabilities |
22 |
61 |
42 |
125 |
|
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 |
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 €8 million in relation to leases which Alliander has entered into but which had not yet incepted at year-end 2024, which concerned lease vehicles. At year-end 2023 this was €9 million.