Note 45 Finance lease payables

Lease liabilities as at year-end 2025 were as follows:

€ million	Less than 1 year	Between 1 and 5 years	Over 5 years	Total
As at 31 December 2025
Future lease payments of the on-balance lease liabilities	28	74	31	133
Future finance expenses of the on-balance lease liabilities	-3	-7	-5	-15

Present value of the on-balance lease liabilities	25	67	26	118

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

These are liabilities in relation to leases of business premises and vehicles. Besides the above lease liabilities, there was an undiscounted amount of €12 million in relation to leases which Alliander has entered into but which had not yet incepted at year-end 2025. These leases concern vehicles. At year-end 2024, this amount was €8 million.