22. Lease liabilities
Notes to the consolidated financial statements
CSR report
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 |
– |