Note 19 Leases
Finance lease receivables
Finance lease receivables are as follows:
|
€ million |
Less than 1 year |
Between 1 and 5 years |
Over 5 years |
Total |
|
As at 31 December 2025 |
||||
|
Future minimum lease receivables |
- |
- |
- |
- |
|
Unearned finance income |
- |
- |
- |
- |
|
Present value of future minimum lease receivables |
- |
- |
- |
- |
|
As at 31 December 2024 |
||||
|
Future minimum lease receivables |
1 |
- |
- |
1 |
|
Unearned finance income |
- |
- |
- |
- |
|
Present value of future minimum lease receivables |
1 |
- |
- |
1 |
Receivables in respect of finance leases concern the rental of transformers to third parties.
Off-balance sheet operating lease receivables
The total future minimum lease receivables from non-cancellable operating leases not shown on the face of the balance sheet are as follows:
|
€ million |
2025 |
2024 |
|
Less than 1 year |
16 |
15 |
|
Between 1 and 2 years |
1 |
2 |
|
Between 2 and 3 years |
1 |
1 |
|
Between 3 and 4 years |
1 |
1 |
|
Between 4 and 5 years |
1 |
1 |
|
Over 5 years |
4 |
5 |
|
Total as at 31 December |
24 |
25 |
The operating leases at year-end 2025 mainly relate to the rental of buildings and the lease of two district heating networks to Vattenfall Warmte N.V., part of Vattenfall N.V.
Lease liabilities
|
€ 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 |
30 |
80 |
38 |
148 |
|
Future finance expenses on the on-balance lease liabilities |
-3 |
-7 |
-6 |
-16 |
|
Present value of the on-balance lease liabilities |
27 |
73 |
32 |
132 |
|
As at 31 December 2024 |
||||
|
Future lease payments of the on-balance lease liabilities |
26 |
70 |
50 |
146 |
|
Future finance expenses on the on-balance lease liabilities |
-1 |
-3 |
-2 |
-6 |
|
Present value of the on-balance lease liabilities |
25 |
67 |
48 |
140 |
Alliander has lease liabilities in respect of buildings, spaces, telecommunication interconnections 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.