Note
Leases as lessor
| As at 31.12.2016 | As at 31.12.2015 | |
|---|---|---|
| Due within 1 year | 10 515 | 15 234 |
| Due between 1 and 5 years | 24 034 | 31 910 |
| Due in more than 5 years | 9 760 | 12 334 |
| 44 309 | 59 478 |
Leases as lessee
Future minimum lease payments
| As at 31.12.2016 | As at 31.12.2015 | |
|---|---|---|
| Due within 1 year | 73 536 | 77 351 |
| Due between 1 and 5 years | 166 853 | 183 400 |
| Due in more than 5 years | 373 733 | 39 796 |
| 614 122 | 300 547 |
The Group is a party to the agreement on the supply of oxygen and nitrogen from the air separation unit constructed and operated by an external entity. In accordance with IFRIC 4 and IAS 17, the agreement contains an operating lease. Due to the fact that, in 2016, an annex was signed which extended the term of the agreement to 2035, the minimum lease payments increased significantly.
Lease payments recognised as expense
| For the period 01.01.2016 - 31.12.2016 | For the period 01.01.2015 - 31.12.2015 | |
|---|---|---|
| Lease payments recognised as expense | 90 899 | 88 760 |