22. Lease liabilities

Notes to the consolidated financial statements

Due to adoption of IFRS 16 on 1 January 2019 we recognized lease liabilities in relation to leases which had previously been classified as ‘operating leases’ under IAS 17.

 

Lease payments

Present value of lease payments

 

31 December

31 December

(thousands of €)

2019

2018

2019

2018

Lease liabilities

 

 

 

 

Within one year

6,189

 

5,826

 

In the second to fifth years inclusive

16,320

 

15,783

 

After five years

3,844

 

3,775

 

 

26,353

25,384

 

 

 

 

 

Less future finance charges

969

 

 

 

Present value of lease obligation

25,384

 

 

 

 

 

 

Less amount due for settlement within 12 months

 

 

5,826

 

Amount due for settlement after 12 months

 

 

19,558